The Chelsea Physlc Garden Company
(a company limited by suarantee)
Year End￿1
31 D￿eM1￿ 2024
Company Number 0169)871
Chty Number 286513

The Chel￿a Physlc Garden Company
(a ¢(xnpany limited by
for th• y•v •nd•d 31 Dwib•r 2024
Contont•
Pag•:
Trustees, Annual Rewt
Trustees, resp(wibilities Statement
12
IrKlependent audit(￿5 repl￿1
16
17
Consolidatsd bala￿ sheet
18
Charty baan¢e sheet
19
Statement of corodidaled cash11
Notes formlng of fin￿•81 Slatffi￿

Tho Chelsea Physlc Garden Company
la uNnpany linbtod
The Trustees. who are aso direclors lor the rAwfM)se of company Lqw rwesenl they rerM)rt tofftr with the audited
financial statements for th8 year ended 31 Decembef 2024 *thi¢h we also wepwed to meet the requtrements for
Dlrector's report and a¢cA)unts for Companies WfPOSeS.
Statu• and Con•thutlon
Charity Name:
Chelsea Gwden cOmp￿Y (Th8}
Charity registration Nmber..
286513
Company registration number: 0169)871
Registered office and
oporalional addre5S:
SW3 4HS
The Charity is conslituled as a CLYnP*ry limited ty The ch*Ay is by Is ArtKle8 of Assoclation
dated 17 May 2019.
The ¢ompany was inw*orated lo act as a Trustee (rf dwty kThy*m a5 The c￿lS6a phys￿ Garden (Charity
reglslrallon number 286513) arn1 to advart8 Wtlic ethKatth and in p*tthl* to Fyomote the study of botany and
related sden¢es.
Dlr•¢tov• •nd m￿b•¢• of th• Bowd
The Trustees and members of Ihe Board (who also act as Trustees for ts ¢haritsble of The Chelsea Physlc
Garden Company) who served during the lo ts dale these financi* sLqtemenls have been signed. are:
Prof Jane Armlerson
Mr Colin Chisholm
Mr Alan Dempsey
Dr Helen Charman
Ms Sarah Flannigan
Ms Anna Jobson
Mr Will Kenney
Mr Tony Kirkham
Mr Todd Longslaffe-Gwan
Mr Sirnon Major
Dr Philippa Simp50n
Dr Paul Thompson
Ms Anna Valle
Mr Andrew Woodward
Ms J Younger
(appoknted 26 2025
(frk)n. Tr&qsurer. fetred 31 De(￿ber 2024)
(resy*d 28 Fetswy 2025)
{ChaK of the Board- appointed 26 February 2025)
(resy￿d 15 October 20241
{appointed 01 January 2024. Hon. Trnasurer from 01 January 20251
(Chair ofAdvw Committee)
(reswd 25 March 2024)
{Clw of the Bowd. resy￿j 18 Awl. 2024)
(￿￿ted 13 May 2025)
Senlor L•adership T•*n
The Director and Company S
Development Director
Commerual Director
Deputy Director Ivisrtor Exper*￿)
Finance Director
Head of Plant Collect￿$
Head of Plant cd1eci￿S
Head of LearnNw & Public Erwment
ExeculNe Assistant
Project Man4er
Mrs Susan Meaway
M5 Joanna Wells
Mrs Dan￿le Sarwt
M5 Frar￿S Sampayo
r Dav￿ Strange
Ms Nell Jone5 (to 26 May 2024)
Ms Emily Hazell (frrxn 27 ALWSt 2024)
Ms Katy P*ry
Ms Rita Bhalia
Mrs Br¥Jget McGee

The Chelsea Physic Garden Company
(a comparry Iwniled by ￿￿¥￿ee)
for th• y•ar •nd•d 31 D•c•mlJ•r 2tr241C￿ti￿u•
Prof•sslonal adVI￿r•
Bank:
Nationd Wesknirrstef Bank
SS Kensrylon Street
W5 SEQ
Sollcitors:
Farrer & Co
66 LYMy)kn8' Inn Fie
LoThJon
WC2A 3LH
Auditor:
9 AppM)Id Street
EC2A 2AP
Fund Manays:
Juxon Hwse
11MI St P￿1,5 c￿r¢*y•￿
L(wthn
EC4M 8BU
Organlgatlon and Structure
Appointments lo Ihe Board an irili* Per￿￿1 cl three yws after Trustees can seek re4eCth￿, serving
two additional tem$ each rf th￿e years. These provigon$ 4s0 apF4y lo appoirthients to Board d CPG
Enterprise$ Llmiled, ts Ath4w C(mmthe arnl cts lwd **)<xxNnltees. Thtre is to extend the
appointment of a d*eclor or Trustee for a limited Tht*re or (*garMsational kno*ledge d that
Trusiee supwrts an important or timdy *ivty.
Dr Paul Thompson (Chair of the Board) fes*Jned in Awl. 2024. Mr ATrJrew Wood¥wd and Ms Anna Jobson acted as
interim Co-chairs afterwards. On 26 Fetxuary 2025 Ms Swah FLinnigan was appoTrnled as a Trustee and Chair of
Ihe Board.
Mr Colin Chishdm retired on 31 December 2024. Mr Wll Kenry took ty th8 Hon. Treasurer in plxe
from 1 January 2025.
The Tnjstees delemine the ￿￿all strategy and pclKies of the chwity. The delr¥ery cl the Garden's stralegc Flans.
fundraising and external wdessional relalions together vrith day-lTrday manag8ment we delegated lo the Garden'5
Director, Mrs Susan Med￿dy. is also apwnled as Company s￿￿. The Director takes a lead ￿ major
project activty as the rmsl senNy exeoJlNe d the thwity. She is 5UPF*yled by a small tean crf senior managers arvj
staff.
Recrultment and Appolntrn•nt of the Board
Ail membws of the Board give time Vdun1￿ WKI recer￿ ￿ benefits from the charity. ￿ expervs r?￿aimed
from the ch￿ty We set out in Note 10 to the finar￿￿ StateM￿ts.
The Nominations & Appointments Committee is ctrw￿l with setting aThJ rewlaty rvrfvwsr¥J Ihe rg4UiSite skI15 and
ompetencies for board members arwj of Committe￿Pa￿ls, uThJertakin9 recruitrnent Se￿ and
recommending appointments as required lo ensure th¥e is ￿ apFryriale mix cl skdls.

The Chelsea Physlc Garden Company
{a company limited by waranlee)
Tru•to• Inductlon and Tralnlng
New Trustees are inviled and e￿*uraged lo atteThJ the Garden lo famliwise Ihemsefves with tharity WKI Ihe
context within which it op8rales, i￿luding meeting with senior marragement an(J ta￿ng tows with the volunteer
Guides. They are inviled lo attend the annual main spr¥￿ brEfing and the subsequent quwterly staff and volunteer
briefing sessions. N￿Y appointed Truslees spend a P￿￿Al shadtrwirKJ an existiry Tntstee. ThI￿h(￿rt ther term of
office. they are offered approwiate trainYKJ fole as th*ity Tntstees.
The prlndpal deparbnents and s￿l0r rdes •e:
The Deputy Dyector (v￿ltOr Experi￿) is reSp￿￿e for the *d(x¥ne to visitWS WKI managwrwt of
the buildings and their servKes. Thr￿ the leaming WKI wogrJnrr* team they hwle (Nws￿ht of all
learning actNity and th8 publK prog￿m0 &stth￿ as v(aX￿e￿5. The Oewty DiTwAor dewJtW5 for Ihe tlirectw in ther
absence.
The Commeraal Director is resp1￿1￿ al C(￿n￿¢la1 xthvity ¢rnknliThJ r*1, verw h￿e and ￿lMerry
partnerships: they aso manage the rdatN)nship wth the Cat￿n9 partw a5 wdl as the small number of commercial
onlracls that exist. They are responsible fry the FrwK15' %heme; tkwh ther Itw UTMkrtake ai PR.
markelin9 and communicaions YKluding digla.
The Devdopment Drector is re¥For￿Ible ts ¥upKxNtiThJ wiryfuthi5iTrJ volunteers as as dyect f￿r￿raIsing for
both ￿pital proF¢t$ arKI lo suppryt the ￿rI￿￿ttur4 and le*nirKJ wowa))mes.
The Finan(* Director is fesFMMsible for all finarte &Xivil*s for the &wity and the **KAly (wned tradi￿ subsid1￿Y
CPG Enterprises Limited.
The Head of Plant Colleclrons is reSp(￿S￿ for the hoflhxthral m￿￿em￿l (rf the garden WKI its plaTrt coll￿tIonS
together wilh the herbar￿ffl and seed bank. Tlw ertsure delivery of the hm*￿ltural trainiThJ wogammes.
The Project Manager leads on coordinating the Project Board, th8 Propd Team. deS￿n team arKI
supporting colleagues lo achieve progress on all luThJed Ca￿al a￿1 prO￿arnMe *IVit￿ incknbing plans l(ward5
the Gardens bvilding refurbishment progamme.
The Executive Assistant supports the Board. its sub-committees a￿1 senic* staff. Ttrw take mirArtes for all meetirss
including the Board and its Sub¢￿nMitteeS as well as the Project Bowd arKI project meetiNJs.
The Finance & Operations Committee meet with senirff Mana￿￿1 ￿￿t￿lO￿le￿lhe ￿fornIa￿e and fina￿la1
stability of the charity and ils trading subsid1￿. Tlw montlor and rLM4iew key perf0m￿nCe inthcalors. all major
income and expenth.ture and Cash flow lo ertsu¢e that ar￿ tradww subsidiary &qn meet their liabdities and
Continue to trade on a wng concern basis.
Related partles and cO￿Peration wlth olhw organisations
None of the Trustees receNe r￿uneratiOn or otkw ber*frts fr(Yn the* vLKk ￿1th the charity. Any c1)nneL#￿n
between a Trustee or senior marwgèr of the charity ￿1th aft0t￿ {￿an1s8t10n. another chanty or ￿ indN1dU￿ that the
harity may encounter. while pursufftg 11$ obi&tsves musl be disdosed to the board of Trustees in the same way
as any other ¢onlra¢lua rdalionship ¥Ath a r*ted paty.
The charlty's wholly owned ￿Jb￿d1ary. CPG Erterprises Limited. TKas est*ished on 20 December 1995 (company
number 314(M)04). 11 is reswnsible for (Nerseeing L￿)M￿cla a(aivities. retail. cateriry, vewe hire and any
licensing for commercia purposes of th8 CPG Enlerwses Limited has a I￿r￿e fri¥n the
charty to occupy the shop premises and gft ads its to the Ch￿ (see nole 13b to the financia Stat￿nts).
The catering operation is contracted Lmrt ¥4ith an ageed pwcentage of nel bJm(Ner pahd to CPG Enterwises Limited.
Most of the venue h¥e bookings are fLifilled 0￿Side cl the vi%tor openirvJ p8fKMts.

The Chelsea Physlc Garden Company
(a company Iwnited by ￿arantee)
for th• y••r •nd•d 31 D•cwnb•r 2(r24 {Gondnu•d)
Rdat•d partl•8 and ¢OwOP•rntlon T*Ath oth•r orgwl8atloM (¢mbn￿d)
The charity ha8 rela¢￿shIpS mainLim numerous (Yganisatiffis at a ktal, naK*nal and
inlemationd level. As a small independent charity thèse we imrAylanl to aThl mairtain its wofibe. lo womole
ils diverse aThJ to share irformalion and t￿l prth. The chanty maintains membership Botanic
Gardens Edu¢alion Nelwork. Botan￿ Gardens Conservation Int￿allOna1. the Association of Independent Museums.
the National Council fcf the Consep4ation d Flanls and Gardens. The Fleritage Alliance and The National Council for
Voluntary Organi$alion$. Th¢ Gardén ha$ Join￿ the Hist(￿ Houses AssoCiat￿n (HHAI. The Garden offers thelr
members free 8dmi$8b)n receiving a credit from the HHA for each member visit.
Close netsvorksexisl t￿￿en a wmberof nalM)nal and international botan￿ wdens. The Garden also mank*ns pod
Y*￿rking relationships wlh staff al the Royal BotanicGardens. Kew. C￿bridge and Oxford Botan￿GardenS. Edinburgh
and Bristol Botanic Gard8ns arKI Nat￿￿￿1 B{￿a￿G3th (rfwales. The ROY￿ Heyt￿ltUra Scoety arKI Kew $uppryt
the Garden wlh teGhnicl ao%tice, expertise and plant material. The Garden ha5 recipro&*ed with similar exchanges
of expertise and hosted visrts hortic(Itura trair￿S frcrfn many d these Gardens. There an e$tabli$hed netsmyk
through the tharity's outreach Fwamme oTgarisalion5 such as the Oclavia Foundation, Chelsea Academy.
Klngs, Colleg8 {Civic Leadership Academy> and Social F*ms and Garder*.
Al a l0¢4 I￿e4 the ¢harity engages 7Mlh a¢tr4tties In the Royal Borwgh d Kensingtfyi arKI Chelsea. and part￿m￿lY
In Chelsea and Kings Road area. The Garden engag8s with xtivities relalirg lo tourism, education and C￿Munity
initiatives. Garden rewesentalNes attend meetings and thal nets￿1k￿g elents The Chelsea Society and
Ctrw WdkTrusl. TwV+￿1k wlh th8 Royal Hospital, Chelsea and th8 NatK)na Amiy Museum taking part in the annual
Chelsea History Festival, collaborating lo generate interest and drive visi15 to Royal Hospital Road a$ a destination.
The Oirector is a Twstee CA London Gardens Society and the Gardening with Disabilities Trust, a Liv¢ryman
and Court Asslslant ol the Worshipftl Company d Gwdenors and 8 ol the Lknrwn Socw.
Alrns and ObJectlv•s
Purpos• and prlnclpal aCtI￿tI
The charllable purpose and objeclive$ of the ¢harty are lo 'demonstrate the medlclnal. econom*, cultural and
envlronmental Importance of plants to the survival and well-being of humankind,.
Chelsea Physlc Garden ¢arrles oul Ihls charltable purpose the publlc benefft by..
providing programme5 of learning aclivilies. publicaliws and events.,
maintaining do¢umonlod Fdant coll6clion$ in labelled arKI inlerpreled displays In an hlslorlc Bolank Garden:
demonslraling the development of the science and praclKe of h(*t￿lture, botany aThJ related disciplines Ihrouoh
the historical role of the garden., and
promoting the importance of the conservatK)n of plants aTrJ the natural environmont.
En8urlng th• Gard•n'8 VmTk d•llv•v¥ Its alm• for publlc b•n•ftt
In May 2024 the Garden's Board and Executives embarked on a revw of actfvlties towards the development of a len
year strategy. The charity works lo engage the public ils botanic Collect￿n$. the conservation and care of vhuch18
al the Core of Ils aclivilies. The Impa¢1 Reptyt illustralos the charity's achievements of the prevws 12 months ag8ln$l
key performance, montlored throughout the year.
The prlrKlpal performance irKlicalofs relale lo:
overdl number of vlsllors to the Gwden and a(knisslons kwme:
total number d School Leamers:
totsl number cl Learners on Outreach vig11s and Ccmnwnty Erwment p¥k4)ants:

Tho Chelsea Physlc Garden Company
(a company limited by 9J¥antee
Emuflng th• Gard•n'• work d•11￿￿8 Il• akns for publlc b•n•fft (c£￿￿K￿
number Lrf participants on public aThJ laT* adNrty
the number d FrieThls of the &vden:
tail revenue
venue hire revenue;
bslle and Socid meda aclfvlty
fundr4$lng xtlvlty to supwl orArathy
The Impxt Report K8 available to ¥1￿ at
Key hlghllgh18 I￿ude.
A detailed audit of the Inner LI￿ con8Ction the help and experttse of a vdunteer histixian and archlvisl.
The launch of new online re%)urces lo supp(xt dassnx)m texl¥ng. de¥ek)￿ in cffisultal￿n wlh lo%hers. The wejb
resources fomi part of our GlasshouSe￿nded acbvity to teac1￿5 in sclwx4s' pywammo.
A pilot series of dernentla.frM￿1y evenls. 'F￿-M&￿￿'. dosyn￿l in (X)n￿￿tatI)n with p￿& 7hith early4lag
dèmentia and their carers.
Publ1¢ b•n•fit •tst•m•
The ¢harity Trust￿8 ¢ffi$id¢r that Ilw have ctynplied with Sec1￿ 17 of the Chafilies Act 201110 have
due regard lo Benèfit widance publ6hed by the Ch•ty C<xnnMssion arKI that the benafrts thal the ¢harlty
provlde$ are not unreasonaLty restrtted.
The Trustees ensuro Iho charity delivers wblic berfrt ty.
admilling the public lo the Gth on payment of an admi5siJn charge
maintaining a Friends scheme
oviding a range of learning and on and off-site
working wlh pwiner organiSat￿nS lo idenlfy ￿ that *￿Uld benefrt from community membership access
Slte and collections inleryxetalion
publications and digitsl resources
provhjing guided tours. visitor servi¢rt arnl ￿$$
Actlvltl••
The charity's aim is lo (lemonslrate hort#1￿ and Ixjtanical e¥cellenc• in Ihe wesentation of Ihe Garden, vth1151
inlerpreling il in an inleresling and accessibl8 way. The gwdenirvJ team w(xks to refresh horticullural displays and,
whilst the layoul of the Garden remairts L4rgely u￿al￿o. wider aclivities ensure that Visitors and learners are
engaged throughout the year Ihrougtt seasonal F4anliThJ. exhitNtK￿. and cdlatwxaliorts Ihal seek lo share the
colleclions in new ways. Maintenance and red￿cKel￿n c£mMues annualty, partKularfy in the short period of
105UT8 in earty Jarwary. ensur¥w that we Mainta￿ staTh&vd5 cl py85￿lakn any mapr refurbishment.
The Garden has been open to Visitors eleven rnon1￿ of the ypar, six days a il mairl*'n$ lorw opening hours
{11am. 5pm) bet¥￿en a￿1 Oclober aThJ has eveTrrwJ opeMvJ5 ￿ Juty arwj Auwst. Saturdays aro exdusively
reserved fw pTivale hire.
In 2024 the Garden ￿e1CC￿ned 43,499 vi5ilcYs146,280 in 2023) ¥KS an ovwall loollal total of 56.340 vl$itors Induding
day visllors and attendees of vi$iior enhan¢ement events s￿h as the Chelsea Hisl(Ky Festival. Christmas Far and
Lales. The nwnb8r L* Friends memtvshlps at 31 Decanbw￿s 6.094 {8.￿1 in 2023).
Income from commercial 18ttirgs f(Kms a siwrfKant ￿ of ￿ c￿1￿$ ir)come. Inf(Thiation relating lo wivale hire
and lo the Garden's wblK pnyamme of xbvitss is w)sled on Ihe websrte and is w(Knoted via the monthly e
newsletter. Venue hire and a range of wblic wr•Jamme have taken place thrWout the year.

The Chelsea Physlc Garden Company
{a CA)mpany limited by waranlee)
for th• y•Ar •nd•d 31 D•c•mb•r 20241conllnu•d)
Actlvltkn (conlinued)
The cdlaboration ￿1th Be8leater Gin through th8 Gwden Gin woduct arKI ther tharitatle donation lo the
Garden vR5 th5GOlltinued in 2024. The a￿ment *ith Odows Publ￿h1ng continues lo develop product under the
Garden's trademark. From January 2025 additional ben8fft will be added to the Fr￿rKIS scheme with reciprocal
¢omFAimenlary accrf$ between Ihe gardens of the Royal Bolanic Gard￿8 EdIn￿h and Chelsea PhysK Garth.
The Garden has continwl lo ddlver le￿Ity bolh ¢)nsile. offsite aThY ordin. There has boen an wi¢rease wi the
dellvery of activities Ihfouuth a programme of communty wlnwships. Tr total Thjmber of schools and Gommunity
participants for the yèar was 4.160. In a￿di￿n. ¥*El¢omed a fLn1her 7.145 partiCApanls to one of our public
programme activities throughout the year. whith may have been anythin9 from summw outdoor musi¢, InleraGtive
Ihealre, a famty ¥tivty day or a c￿￿¢01018 makry or tr￿rba rwnedies.
There was a minor uptum ofvisil¢Ns from the USA and no swh recov￿ has been ev#Jent from China aThJ the Fer Ea81.
Domestic visilcff numbers deixeased in 2024 with mary vr6itors cost of Iwiry we5sure in swvey responses.
Venue hire aclTriity was higher than the preV￿uS year hires were restrrled by the implemented lawn
poIIGy and activities lo recognise the 35l￿ annpiersary. In 2024 we le￿1 that improved scheduling enabled more
events lo be used wlhoul a huge irKrease in M￿u88S used. The lawn ¥ra¥ Lwl damag8d to extent it
had been in 2023.
The Initiative befv￿en the Royal Hospital. Chelsea, the Nal#Jnal Army Museum, Cadogan Estates a￿j the Garden lo
form the Chelsea Heritage Quarter. continued Ihis year. Eath party contributes funds, In￿￿71￿ managed by CPG
Enlerpri$e$ Ltd. A BUSI￿$5 Development Manager vras sU￿COntraC1edtO Scope the opprytunilies lo create a Heritage
Quarter in the part of Chelsea where our three inslilulions are localed. potential fty ijint ￿￿arnm1ng. licketinp
and other initialiv6$ 10 onwurage visitors and buld aWare￿s5 of ¥ea as a dNers6 cultural experience was felt
worthwhiFo, and tho intention is to Sel up a separate charilable bryjy duriw 2025.
Voluntmrn
The Garden's team ol vdunleefs. prov￿aS IrNauable support ac¥oss charity and the Garden conlinuamy lookg 10
dlverslfy the activities in which volunteers are involved. Work has been ongoing lo dNersrfy how vcAunleers are
recruited and ensure the ongoing IrainirKJ and support for extslin9 ar￿ new volunteers. Of the 188 registered
volunteers 135 were aclive over the year. conln'buling 5.078 hours of volunteered lime. The former Youth Panel have
evolved lo b8come"Young Producers" and are conlribuling lo the LeamirrfJ team's efforts lo attract young audiences.
The group ran a "takeover day" with a number of events and pr(yammes they had created.
Fundral8lng ¥tat•m•nt
Section 162a of the Charilies Acl 2011 requires tharities lo make a slalemenl re9arding fundraising aclivilies.
Although we do not currently uThJertake widestKead fundraisirvJ from the ger￿al public. Ihe legislation define3
fundraising as.soliciling or otherwise procuring money or olher pyoperty for charitable purp0585.' We have an on4ir
donation page for the public lo make donations lo support Ihe G￿n fvndraising app8als. At 31 December 2024
£855 {2023'. £4,883> Ikid been received from website donalN)ns. S￿h am￿j￿¢S received *• ￿￿esented in our
accounts as "voluntary income" and can i￿lUde legacies afmj ￿an18.
In relation to the above il 15 confirmed Ihal all solkitations are m8nag8d inlemalty, Wryth￿J1 Invofvemenl of commercial
parli¢ipalors, professional fundraisors, or third parties. The day-to-day managemenl of all income generalw)n Is
delegated lo the sen￿r managomonl team. are accountable to the TNsto88.
The Charity is ￿1stered Nmth tho Fundrai5iThJ RegJlat0rvrt￿h wverns all its funthaising a¢tNity wi addition to following
The Code of Fundrabsing Practi¢6.
The charty has received no formal ¢omrAainls in relat￿n to fundraising a¢tivitie$ in 2024. The Charity monrtors the
activllies of Its employees. including those resp￿sible fcrf fundraisin9, throu￿ regular re￿lIng lo Trustees.

Tho Chelsea Physlc Garden Company
(a CA)mpany limited ty gJwanlee}
Prlnclpal Fundlng Sourc•8
Inc(Mne is W1n￿pallY general￿ by the chwity tlYW and lunthai5iryJ activities, dwgiryJ visitors
admission to enter the Garden. fr(¥n annual subsuws FiieThJs of the Garden arKI th6 public programme.
In addttion, the C￿M￿ClaI actbvities (rf CPG Entwpws Limit•J mako a sy¥fi¢ant ¢￿trI￿tion to funding of
charity. Pago 718
The charity ￿k13 lOn*te￿ Thie8trnwts in llym dan Fw¥J. TIMS fuThJ *os establish8(I bet¥*on 198&
87 from a fundraising appeal attraded fr<xn ir*JriKlu* arwj ¢h*btatde tsusts. The Trustoes have
determined that Ihe fund is expendable *ith both c41ita arKJ inc£Th beiro *alab16 to use at the Trustees,
dis￿lI0Th in support d Iho Ch•ty's As al 31 Decanbw 2024 fvrKI v4ue was £4.091.245
(£3,759,879 In 2023).
Trusts and Major Dortorn 2024
The Garden Is fortunate ¢0 have the surwl ofa rrt*mber cAc*witablo trusts and f￿nd￿l0￿ top1￿ wilh indNKluals
who make donatlorffj supporung capltsl wks r*wltth ￿11¥11￿. In 2024 r#)latA8 Grants and donatM)ns were
recelved from:
G•n•ral
Ancasler Trust
Auriens
The Eslale of Peter Barclay
Belmond Management Limited
Centurion Managemenl Limited
cra￿ Swick
Prof Dianne Edwards
John and D4ana Kempwelch Ch*itabk Twsl
The Eslale of Jane Langley
Ri¢hard Mansell Jones
The Pamela Mallhews Chaiitable Trust
Peter Slormonlh Darlir4J Charilable Trust
Christine and Slefan Riesenfdd
Leslle Rogers
Sloane Stanley
And Chelsea Phy8K Garden Palror
Hortlculture, Hortlcultural Traln•e• and Gard•n Proj•
Lord Leverhulme's Charitat￿e Trust
New lo Nature IGrounthNork UK)
Rick Mather David Scrase Foundalion
S18nley Smith (UK) Horithiural Trnsl
Blodlv•rnlty Audlt
Eddie Dinshaw Foundation
The Golden Botme Trust
Th8 John Armitage ch￿taL48 Trust
Joseph Rochford Gwdens Ltd
Dr Martin Schoernig
L•arnlng and Engag•m•nt ProJKI•
The D'oyly Carte Charitable Trust
The Royal Borou￿ of Ken8irW and Chdsea
R.U.B. While Charitable Trust

The Chelsea Physlc Garden Company
(a company limi￿1 by wwantee)
Trusts and Malor Donor• 2024 (c(wthMd)
Capltal Works
Julia Rausing Trust
National Lollwy Herit4* FUNJ
And all our donors wl)o wish to renwi •￿ynx￿.
Inv••tm•nl Polley
The Tru$lee$ •p￿yO¥e￿ an investrment In JarKwy 2024. takry into corffjKleratM)n Chty Commls8k)n Guidance
CC14. The poll¢y addrnsses Ihe ¢hariV$ frJrMls and urnstricted reserves indudiry cash and short temi
Investments. 11 delegates investmenl $tralegy lo the & opWat￿ Committee (Finops). A sp8clalist
Investment Fund Manager (IFMI. Sarasli & P¥In￿ LLP. is resrKrftsibbe for the investment ofthe charity's endowment
fvnd In a¢¢ordartt wilh an inveslmenl m¥thte set by FrK)ps. The inestsment mandate is lo Pl￿￿e a lev81 of annual
income lo help Sup￿ the runnir¥J of the chty. also lookiry lo lon&Fterm capital growlh of the fvnds.
All investments are monitored ty nomlnated mambern FmOp3 and al bth, IFMS and dop)sit ace£wnts are
reviewed annualty.
Flnanclal r•vlv
Th8 results for th8 year Sh￿ net dthil of £148.754 bef(Ye gairys on vNest￿ent$. this o)mpare$ to a $urplu$ of
£3g,808 in 2023 and a r￿1 surplus {after uNealtseAJ gawrs) (rf £182.612 c4Jmpwed th £242.186 in 2023. The balan¢e
sheet shows a positive positwi.
The Garden's trading subsidiary, CPG EnlerpYBes Limited. SIV￿1 a wofit of £462.773 (2023.. £331,973).
before a donation uThder deed of covenwl was made lo ts Garden.
Total unreslricted income 15 £2,049.528 (2023.. £1.W2.320).
Income from unrestricted dOnat￿rts arKI legaw ￿ £225.430 (2023.. £382.498}. Legacies totalling £26,000 were
received in 2024 {2023.. £nil).
Income from letting rooms. exlemal events in the Gaftlen and cA)mmissK￿ on the café is £5￿.644 (2023.. £440,759)
which is 24% 12023 - 17%) of lot21 i[￿ome. Im)me fffmn the Fr￿￿S anwal subscriptions was £302,831 (2023:
£318.322) altho￿ total number of fr*nds inrxeased slwtsth dwirvJ the ye
Total expenditure of £2.628.733 irtreased by 3% (2023 - £2.545.2011. The iruease was of course driven by
inflationary pressure speNliThJ is (￿tstanty revith¥ed n ￿der to all￿ with Garden's needs and objectives.
Reserves
Total funds al the year*ThJ amount to £8.037.145 (2023: £7.854.531) of whth £2.772.123 (2023.. £2.682.5231 can
only be used for part￿laT restrKted Wr[￿ as slipulat￿j by ￿ dorKKS. The assets and liabilit* attrlbu1at￿e lo the
various funds are shown in ￿leS 18 aThJ 19 to ￿ fina￿la1 statements whith also desryibe the various funds of the
charity.
Unreslricled funds lo £5,265.022 (2023.. £5.172.(K)8>. of whth £350.579 (2023- £350.579) are free reswves
as the Trustees consider the end(yrnl fuThts of £4.091.245 (2023: £3.759.879) to be available only in exceptional
circumstances. The chwity relies ￿ the wKome generated fr(xn these inVeSth￿nts (aThl also from ils own
activit￿s) for Ihe day to day upkeep of the Garden and fty capilal to ensu￿ ¢￿tinUed income generation in
future years.
Other fvnd$ amounting lo £591.310 {2023: £803.858) have been dwnated by the Tntstees for sp8cthc wrpDse8.
Theso funds a￿ listed in note 18 armj desuibed M paGe 38.

The Chelsea Physlc Garden Company
{a company Ilmiled by guarantee)
for the y•ar •nd•d 31 December 2024 (Gontlnu•d)
RM•rv•8 fconthued)
The Trustees approved a new risk.based reseples in July 2023. The fw key rths the potential to impact
the charity's reserves were tdentff*d and they likely ffinwKial impxl assessed. Cyber attack. Ftysul damage to the
Garden, business interruption owing to a natural or man-made disaslT(ws event loss of key staff Ihe risks
idenlrfied and the likely cost assess•J. In with asses5￿nI vrns uThJwlaken at Ihe ￿￿ond
concluding that £1WJ,(MX) of reserves s1b￿ld be atocated to risks.
Based on a wow of the charivs ¥owces of irKomo Trusle8s *• satisw Ihat ttrwe is sufftierf diversity that
Ihe risk of income being impxted signifKanty by external f&1￿¥ 15 enwgh that no a(klitk)nd reserves need to
be allo&iled for this. Seasonal fluclUat*Y￿ in operatwal cash Ir￿ atKI ou141tyws a150 r*d lo be considered arml
¢a$hflow forecasts confirm the recommendaliw in the reS￿￿S that f￿e rewes of beiween £200.0(M) and
£300,000 should bfr set aside for this purm.
Free reserves al the year*rnl we £404.747 which is than the reser¥es rx)Iw rec￿mMenda￿ IKyAwer th8
Trustees we satisf*d this posi11(￿.
Golng con￿rn
In assesslng any lastiry impact offfinarKi81 rKes8ures W alKArt by risiThJ Wrflatl(￿ aThJ con5wnt incrga58S
on The Chelsea phys￿ Garden Company wp. the Trustees have conSm￿ al th8 matters descr*ed in the
Tnjstees. Report. indLKliNJ the wup's operations. Ihe IM￿ on SubsulplN￿. donations. and 0￿r trading actNitses.
as well as the impact on the wup's investmenl In wl*%lar, in (Yder to supp(yt ￿ Trustee5' assessment
of the sustaina￿litY of the sroup's ￿tIVitIes. Mana￿ment continue5 to prepwe quarlety ca5h-llow forecasts based
on assumptions. through lo the end of 2026. The ma￿* revewe and exp8rNJiture budgets we trxked on a monlh-by-
month basis lo check actual agair61 ￿d98t. whth is used lo wjiusl the fcTh7rd aSsUmpt￿n$ for income and
experKlilure up to 12 monlhs fr(Nn the swirwJ of tw xcounts. The anaw urKlertaken shows that the wp
remains cash positive throu￿QuI wthoul Deed lo IK4uidale any of the charl￿S investment wrtfolio.
CPG Enterprises Ltd, Ihe ￿Tred Subsidi￿v￿1Ch urKlertakes certain eommereial tradiNJ activities oflhe group.
has been subjected lo a separale stress lesl for a whth exteThJs fcffward to the end of 2026. Provided that
trading a¢tivilie5 ordinaTily uTrJertaken by CPG Enterpn5es Ltd can be undertaken Ihe stress tesl demonstrates that
the trading company remains an indeperKlenl wng concem thr￿ph￿rt.
At the dale of signing of these financial stalements. fore&ists indute Ihal the Group will be atle to mainlain liquidrfy
for a period of al least one year foHowNJ the dale of syiiNJ of these financaal statements and will therefore be able
lo continue lo trade as a going COr￿e￿. The Trustees therefore ts)nsider that ￿ material u￿*rtalnty exists ￿ relation
lo going concern for the Group.
Charlty Governance Code
The Board is committed lo good GM)vemance lo its and the {￿lI￿oU5 imrKovement in delr¥eriry ils
poses most effectwdy for th8 publK benefft.
The Trusle8s are mindful of the Chwity C￿ale Govern￿ C(Kle arnl c(Thideriry whethw to Nnploment any
changes in response.
Plans for Future P•rk•d•
Progress on a¢h￿VIng the overal obigaive lo uwlate ts Gwden's Imirt￿lIuraI and learning laclitie8 and
inlraslruclure," lo imFYove and erthance the owall ￿1b￿￿ WKI expwvtt ¥i*kns ca)n11r￿.
Restoration and reinlerFKelation of the Garden's historic GL•sst¥xtses. suprM)rted by a NatK)nal Lottery Herila9e wt
of £924,100 was completed in 2023, the accompanyw adivty rwmes ￿ in 2024.

The ChoI￿a Physlc Garden Company
(a company limited by w¥￿tee)
for lh• y•ar •nd•d 31 D•c•mb•r 2024 (condnu•dJ
Plan• for Futuro Perlod• (cont￿u0d}
The Trustees are conllnulng lo develop and refine plans for a phased appyoach to ￿ ar¢hiteclural mastorplan lo
improve and refurbish visitor. horticullurd and leaMW￿ facilities and infraStr￿tur8. as well as to enhan￿ the overall
accessibility and experience for visitors. Fundraising consultsnts, business plannirrfJ consullants. survey(Ys and
archrtecls have been commissioned lo suppori ￿ wfxk expected lo be dovtloped througlb)ut 202S aThJ beyond.
Other capild projects are modest w) nature and cofftm￿ t￿t￿n fvll c4)St funding is in pla¢e.
Carbon Footprlnt
During the dovelopmenl phase of Iho Glasshouses woiect tr* Garden c*ealed a Sugtainats'lty Framework Ilyough
which il evaluated the delNerables fc* repa￿ and imwovemenl$ lo the Glasshouses. It is proposed that
Sustainability FTam6work which Covers accessibility, biodiv¢rsty. energy. water. materials. waste and FX)Ilut￿n be
further developed lo provide a bendvnark by whth Ihe Garden can track. reduce and miligale its environmental
footpTinl. A Premises Manager was apwnled fty a fixed lemi of years to fUrt￿r thro work.
Pay pollcy of s•nlor •t•ff
The charity is commitled to the Lormlon LiviNJ Wage. iThSthdirwJ Trainee Th￿e$. The Reward & Recognition
Committee is responsible for annual￿ reviewing the pay and c4)ndilions of staff and volunleer expense ramunwat￿.
Benchmarking is undertaken within the r￿e¥￿t sector of am vacant roles prior lo re-adverttsing.
Rl•k Management
The Trustees activety review the maior risks which charity mthl face, in particular those relaliThJ to governance.
reputation, operalKtrns and fInar￿e. As part of the risk moniloriw irrfrnstructure the charity mainlains an active risk
regisler, business conlinuily and disaster plan. These are rewlwly revmved lo ensure rde¥an￿. chaTity annualty
reviews ils insurance provision incIudrf￿ the type of Cover arKI overall lovd$ of cover.
The Trustees believe that maintaining adequate free reserves combined with regular feviews of the controls over key
finawal systems. provides SUff￿lent proteclion for the in ts evgnl of adverse operating conditions.
Amongsl th¢ most Ser￿￿$ risks listed in Ihe ¢urrent risk register are .
Cybor attack
This mvJht result in loss of acce5S to vital IT systems. rmpromi5e of the personal dats of Friends. visitors
and others or finanGial105s as a resutt of vwu5 or ransomvrdre attack. ()Jr response is lo review our rr security
continuously, lo ensure safeguard5 and staff traini￿ are up lo dale. To the exlent that cyber risks can be
insured against we have thal cover.
Vnauthorlsgd aGCeSS to tho Garden and building$ by intrudtrrs for the purposes of thèft or vandallsm
Our response lo Ihi$ indudes physKal and monitored securty systems. electronic access controls and CCTV.
We are insured against the potential fina￿181 lo$$ that could resuli from such an evenl.
An unforesoon dlsastrous w•nt
This might lake Ihe form of a natural duster or an act of terrorism. for example. The Garden has a Business
Continuity Plan which would er￿ble key personnel to tonlinue to work offsf(e ￿th access lo backed up
systems. Full records of the living colledions are maintained s￿)UkI il be necessary to recreate them.
Impact of cllmale change on the Ilvlng collectlon
This is largely oulside cyjr contrd but actions can be taken aThl have commissioned a rewl on
sustainability lo identify how we can achieve "call￿n neutralty" by 2030. We review our plant tollèctions to
ensure we can maintain a colleclion ￿ line with our mission as an wJanisation twt that is miyo resilient lo a
changiro climal8.
10

The Chelsea Physic Garden Company
{a company liniled by gwantee)
for th• y•ar •nd•d 31 D•cwnb•r 2024 {conttnu••
Trustees, responsibiliti•s stat•m•nt
The Trustees we responsitk for wepaTing the Trustees, repryl arKI the fin￿￿las statements in wilh
applKable law and reg￿ationS.
Company and charity I￿ requires the directors to wepare finar#ial statements fc* each financial year in accordance
with United Kingdom Generalty Accepted AcctyJnting Pract￿ Iunited KKud(>m Acttrjnting Standards and apFAicable
law). Under company and thanty law the Trustees must Thjl approve the finarKial statements unless they are satisfied
that they give a true and faw view of ts state of the affairs of the group and parent chanty and of the incoming
rèsources and application of resour￿. induding ils inc<Th and éxpenditwe, of the for the y&v. In weparing
those financial slalements. the directors are rewir&J lo:
select suitable accountiThJ pdvies tt￿1 ap￿ (￿S￿tenty.
make judgements and estimates that we reasonth aThJ mthnt: ar
epare the fInar￿￿1 statements on the g)¥w basis unless il is inapwowFate to wesume that the charity
11 continue in busine5S.
The Truslees are responsible for keeping adequate acc£MJnting records that are suff￿1ent lo show and explain Ihe
charilvs transactions and disclose with reasonable accuracy at any time the finarKkql ￿SIt￿1n of the group and parent
charity ar￿ enable them to ensure that the financial statements C￿n[￿Y with the Ch￿tieS Act 2011 afKI Companies
Act 2006. They are also responsible safeguarding the assets of the grwp aThJ pwent charty arKI hence for taknng
reasonable steps for the wevenlion arml detect￿n of fraud a￿1 other I￿egUlarl¢￿e5.
Provislon of infomiation lo audltorJ
Each of the person$ who are T￿￿tee3 al the time when the DirectlY5' rewt is approved has Conf￿ that:
so far as that Trustee is aware, there is no relevant autjit inlorniation of whth the charity's audrtQY is unaware:
and
Ihal the Trustee has taken all Ihe steps that ought lo have been taken as a T￿￿tee in order to be aware of any
information needed by the charity's auditor in connect¥)n with Fyewing Ihew rewt and to establish that the
charity's auditor is aware of that information.
Audltorn
Moore Kingston Smith LLP ￿11 be proFowI for rwppointment in acCrydar￿ with section 48S of the Companies Act
2006.
Small company ex•mptlon
Thls report has been prepared In accordanc￿ wilh the spe(xal of Part 1 S of the Cornpan￿ Act 2006
relating to small Companies.
This report was approved by the Board on 13 May 202S and sIg￿d on its behalf by:
Sarah Flannigan
Tru•ta•
Kenney
11

The Chelsea Physlc Garden Company
(a c<ffipany limit￿ ty sw¥antee)
To th• Olr•¢torn of Th• Ch•lw Physk Gard•n Comp•ny
Oplnlon
We have audited the financial slatements of Chelsea Ph￿￿ Gwden Company (the 'parenl chartlabte company.)
for the year ended 31 Decembw 2024 T*thth fA)mwtse <¥oup Statement of Financial Activit*$, the Group
Summary Income aThJ Expenditure AcC￿nI. Grwp arml Parent Charitth Company Balance She8ts. the Group
Cash Flow Stalement and notes to the financial statements. indud1￿ si9Th￿an1 ￿unting Fdicies. The financial
reporting framework that has been applied in ther wepar*h)n is applKable law and United Kiwom Accounting
Standards, induding FRS 102 The FThncial ReFMWtirwJ Siandard AprArable in Ihe and Republic of Ireland. Iunlted
Kingdom Generally Puepted AC¥￿nI1￿j PfaciKe).
In our opinion the ffiancial sLitemerts:
gwe a true and fair view of Ihe state of the wp's the p*ent c*aritabl8 company's affairs as at 31
December 2024 of the wp's reS0w￿ ap￿iC*M)n ofreSoW￿. YKluding ils income and
expenditure, for the yw then ended;
and
2011.
Basls for opinio
We conducted our audit in ￿C(￿d￿ with InteMaNN￿ SlaTrJwts Auditw (UK) (ISAS (UK)) and applicable law.
Our responsibilit￿ Under those standwts are fvrlher (le￿bed Audit(<s Reswjnsibilities for the audit of the
finanryal statements section of our repcfft. We are indeFer#knt of Ihe chwilable company in accordance wilh th8
ethical requirements that we relevanl to our wdil of the finarKia stalemenls in Ihe UK, 1rKI￿1n9 the FRC'S Ethical
Stsndard. and we have fulfilled our other eth￿ re¥￿nSIbIlitIeS in Xc1Kdar￿ V•rylh these requirements. We believe
that the audrt evidence we have Obtair￿ is SLrffryil arwj approwiate to ￿lde a basis for wr opinion.
Concluslons rolating lo going conc8m
In auditing the financial statements. have cOr￿lUded that the lJustees' use Of￿ COnc￿n basis of a¢wunting
in the preparation of the finarthql ststements is apwOw￿1e.
Based on the work we have perf0M￿d. have not Klenttfied any material uncertanlies relating to events or
condilions Ihal. indNhdually or cc4lecbvdy. may cast sKJrMf￿nI dtrjbt on the wp's and parent charitable company's
ability lo continue as a going concem fLY a of at knt I4￿e month5 from T*l￿n the finanaal statements are
aulhorised for issue.
Our responsibilities aThY the responsibiities of the tntslees with respect to ￿lThJ corKem are described in the relevant
sections of this repc¥l.
Other Inforniation
The other infomiation C￿priseS the wrf(YmalK)n indwJ&l n th8 anThJal re￿fft, other than th8 fina￿la1 slalemenls and
our auditorfs report Ihereon. The trustees are resp(xssitde the other InfC￿￿1(￿ conlained within the annual report.
Our opinion on the finanryal statements ry)t cover th8 olher information a￿1, except to the extent otherwise
explicitly stated in our Tep(Yt. ￿ do not exwess ￿ 1￿M d assur￿ condusion thpTh)n.
Our responsibilty is to read the other Inf(￿￿￿ aThJ. w) doiryJ so. cOnsKj￿ wlEther the Oth￿ inf(xmation is materially
intt*nsislenl ￿th the finarKial slalements or our k￿Medge obta.￿d in the cwrse of the audrt or oth￿$Se appears
to be materially misstated. If s￿h maknal inconsislenci8S apparent material misstatements, we are
required to delemiine tlve 15 a mal¥HI misslatemenl in the fina￿la1 statements themselves. If, based on
the work we have performed. ￿ cryKILKJe that tlve 15 a malwial Misstat￿nt of this other information. we are
required lo rer*Xt that fxt.
12

The Chelsea Physlc Garden Company
(a company limiled by gU￿ntee)
To th• Dlrectoffs of The Chel••a Physic Gard•n Ctynwy
for the y•ar end￿ 31 D•Gwnbw 2024
We have nothing to report in this regwd.
Oplnlon• on oth•r matters pr•scrlb•d by th• CIXnp￿l•S A¢t 2006
In our opinion, based on the work urKlertaken in Ihe of the ￿dfjt
the information given in the truslees. arwal reFXYt f(Y finarKi4 year the finartial statements a
pyepared is consislenl v•th ffina￿l￿ statements: and
the trustees. annual rerMNI has been prewed in ￿)Id￿ wilh applKable leg4 requinnents.
In the light of the kn￿edge and Understandi￿ crf the wp and pwent c*011￿e LX)mpary aThJ their envyonment
obtained in the cwrse of the wdil. have not identsfied n￿*r￿1 missLqtements in the trustees. annual reFKKI.
We have nothing lo rewi in resp&t of the folthviry matters T*t*re the Companies Act 2[￿ aThJ the Charilies Act
2011 require us to rewt to Y¢￿ rf. in c•inth.'
the parent tharitable company ha5 not kept adg]uate sufficient aru￿ntir￿￿ recxxds. ￿ retums thquate
for our audit have r￿t been received from not visrted by us.. or
the parent charitable company's finanryal slatements We Tr)t in •Jeen￿l wilh the reca)rds arml
lurns.. or
certain disdoswes of trustees, remurerat•)n speufied ty law ￿ not m*: or
we have not recerved all the informatKJn aNI explanations ￿ requre fw wr audit" or
the trustees were not entitled lo prepare the finarKial stalements in accordan￿ wilh the sman companies
regime and take advantage of the smdl crffipanies exemption in Fwring the Trustees. Annual Repxt and
from weparing a SIrateg￿ re[￿L
Rgsponsibiliti8s of trustees
As explained more fully in the trustees. responskn'lbt*s statement sel (MJI on page 11 the Ifuslees (W￿ we also 11
directors of the charitable company for the purposes of t￿MpanY law) are responsible for the preparation of ttr
rinanu81 statements and for b￿.n9 satisfied that they gNe a true and fair view. and for such intemal control as Ihe
Iruslees determine Is necessary to enable the preparation of financial statements that ￿e free from material
mlsstalement. whether due lo fr￿d cy error.
In preparing the fInar￿la1 statements. the Iruslees are respO￿ble f(Y assessirvJ Ihe goup and parent chwitable
company's abilily lo continue as a going concem. disclosing. as ap[4N￿tIe. matters related lo wing concern and vsing
the going concern basis of accounliTr3 unless Ihe tnJslees eilhef intend lo liquTrdale the group or parent charitaNe
company or to cease operations. or have no realis￿ altematr¥e bjl lo do so.
Audltor's Responslbllltles lor the audll of the financlal statements
We have been appointed as auditor uThJer the Companies Act 2(KJ6 and sectK)n 151 of the Charities kt 2011 and
report in accordance wlh those Acts.
Our objectives are to obtain reasonabk asstwartt atxxjl WI￿1￿ ￿ fin*tial statements as a vthole are free from
material misstatement, whether due lo fraud or error. WKI to issue an audrtor's rewt that indudes our opinion.
ReasOna￿e assurance is a high level of assurance ixrt is not a guarantee that an audrt ¢orKluded in a￿tyd8n¢e with
ISAS (UK) will ah¥ays delect a material misslatement it exists. Misstalernents can arise from fr￿d or error and
are considered material rf. irnlrvidually IK in ag￿egate. Ihey could reasrythy be exp*ded to rfuence the e¢onomk
decissons of users taken on the basis of financia slatwnents.
13

The Chelsea Physlc Garden Company
(a C￿P￿Y Ivnrted ty wwanteo)
To th• Dlr•¢torn of Th• Ch•ls•a Physlc Gard•n Comwy
for th• y•¥ 31 tl•c•mb•r 2024
As part of an audit in xc¢xdaThx wilh ESAS {UK) we exeff15e WOfess￿ jwent and maintsin professiona
scepliasm thrwghout the audrt. We also:
Identrfy and assess the risks al maieria misstatement d Ihe financaal slalements. *I18tt￿ (￿e to fraud or
error. desiqn and perfonn a￿11 W￿jure$ resp￿ts1￿ to tt¥)se risks. aThJ obtain audit evidence that is
sufficient and approwiale lo provmle a basis for orxnKJn. The risk of detectirvJ a material misstalemenl
resulting from fraud is than fof one resullirKJ from as fraud may involve collusion. forgery,
Obtsin an urthrstarmling of iitemal CA)ntrol relewrt to Ihe ￿￿111 in (ffder to desiw audit wocedures that are
approwiate in the cmimsL*Kx. bjt not fc¥ the Fmffposes crf exweswg an opinK)n on the effectbvene5s of
the ￿0Up and parent charitable compa￿$ inlml contrd.
Evaluate the approw￿teneSS of ￿xt￿nting used aThl the reaSon￿S (* accounting estimates
and related disdoswes made by the tNslees.
Condude on the apwopi*eness ofthe trustees. use ofthe CO￿ basis (l￿nting and, based on
the audit evidence obtsined. Whett￿ a material U￿ertaInty exists related to events (Y conditions that may
cast signrficant (knbl on the goup aThJ parent charilth compa￿5 ablty to as a gyng concern. If
conclude Ihat a matefial uncertainty exists, we ￿e rw4uy￿I to (traw attwtI￿ in our audrtorfs report lo the
related disclosures in tt)e fina￿#al statements (Y, rf such dlsrknW￿ are inadequate. to modify ￿r opinion.
r condusions we based on the audil e¥#J￿e oblained up to the dale of our audili)rfs report. However.
future events conditi￿5 may cwse the goup C￿ ￿ent charitatrAe company lo cease to continue as a going
concem.
Evaluate the overal wesentatM. str￿1￿8 aThJ conknt of ts finwKial statements. induding the disdosure5,
and whelher the f￿ar￿la1 State￿nts represent u￿j￿tyln9 transxkns and ev￿ In a rnanner that
ac￿eyeS faw F￿esentat￿Jn.
Oblain Suff￿lent apwowk4le au(kl evidwKe regardirvJ the finarKJal 1nfrxMat￿n of the entities or bu$ine$s
activities within the group to exF￿$ an opinion con501Klaled fina￿la1 $tatement$. We are re$ponsible
for the dire¢tw)n, sUper¥ts￿ *KI [￿r￿¢ of the wp audil. We remain solely responsible for our audil
We ¢ommunuto vith Ihoso char￿d govwnarte rog¥dirKJ. amoNJ ottw matters. the planned scope and limiThJ
of the audit and signifKanl audil finduy. any swwifKant defK*rties in intwnal LY)ntrol that we identify during
our audit.
Explanatlon 88 to what •xl•nl th• wdlt was consld•r•d capable of d•toctlng Irr•gularltles. Includlng fraud
Irregularflles, Including fraud. are Instartts ol nonvcompliance with la••S and regulations. We design procedures In
Ilne with our responsibilrties. ouilined above. lo detect matend misstatements in resp￿1 ol irregularities. including
fraud. extent to which our arn Capab￿ of ¥rewlwitss, includwvJ fraud is detaled below.
The obj'ectives of our audit in respecl of fraMI. are.. to identfy and assess lh8 risks cl material misslalement of the
financial slalemenls due lo fraud: lo obtsin suftienl apwotffiale audit evide￿8 regarding the assessed risks of
material misslatemenl due lo frajd. thr(wh d￿￿1r￿j and impkn)enliThJ appro[w￿l8 responses lo those assessed
risks.. and lo respond aprKoprialely lo inslances of fraud or suspected fraKI Klentrf￿d dwng the audit. However, the
prlmary responsibility for the [ffeventK￿ and d8te(kn ol frwd fests with both manwa8menl and those charged wilh
govemance of the charilaL￿e comp￿.
14

Th• ChelpAa Physlc Garden Company
(a CAimpany linrted by swwantee)
To th• Dlr•clor• of Th• Chd••a Phy•lc Gaffd•n Comp
for th• y•nr •nd•d 31 D•c•rnb•r 2tr24
Our approach was as follows..
We obtained an understanding of the legal and rngAalory rw4uirements ap￿￿Kal￿e to the tharitsble company
and considered that the most SI￿rf￿ant ¥e the Compani85 Act 21th. Ch￿.110$ kl 2011. the Charity
SORP. and UK financial standards as iMu8d FinarKial R6p>1ivJ C￿￿1.
We obtalned an understarKliTrJ of the chwitable compwry cY)mp118S With those requirements by
di8oJssions wrfh management aThl 11x￿ clwggd *ith
fflisslalemenl due lo fraud and h(M it nwJht oc(wr, by I￿ld￿Va discussm with mw98ment aThJ th088
charged governance.
We inquired of management and those chwged 5x)vema￿e as to any knchm tr*lan￿$ ol n(Tr
compliance or suspecled norFc0mpliar￿e with laws and rewlatm.
Based on thls understanding. ￿ deS1￿￿d spelth appriyiate wdit woc4th5 to Klenlfy instances of non
compliance wilh L7￿ and reWatvJns. This iThJLKJed m*ng orAuries of manawment arKI Ihose charged
Thare are inhwant limitations ￿ the auJ•t ￿￿edureS destriw abD¥e. Wo are less Ilkdy lo become aware of
Instances of non<ompliance with Im anLI rewlat￿nS that ￿ not dos*y rdaled lo events and transactions rellected
In the flnanclal $lalemenl$. Also. the risk of rnl dele¢ting a material misstatement due to tr￿d is hwier than the risk
of not dele¢llng one ￿Su111n9 from error, as fraud may wi¥(*4e deliberale cOr￿almont ty. examFle. forg8ry or
Intenlional mis￿￿8$¢nIaIJ￿, or through ¢ollus*)n.
U8• of our r•port
Thls report 18 made solely lo the tharitable c4Jmpany's members. as 8 boty, in ￿1xdan￿ with Ch¥ter 3 of P*1 16
of the Companies Act 2Crf)6 and. in respect of the consdidaled fina￿181 stalemenls, lo the charily's truslees, as a
body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our aKlil work has been urKlertaken so that
we mighl slate lo Ihe charilable company's members arKI trustee5 tl¥)se matters which we we requ￿ed lo stale lo
them in an auditor's report aThJ for no olher purwse. To the fulthl exlenl permitted by law, do not accept or assume
responsibility lo any party 01￿1 than the chan'table CoMp￿y, charitaL4e company's mem￿1$. as a body. the
charity's trustees, as a body. for our a￿11¢ for this rert or have ffffi￿d.
oorL LLP
s￿Ir Ch￿￿¢￿ (S•nlor Ststutory Auditor)
fty and on behalf of Mwre Kingston Smrth LLP. Statutcyy *thilor
Dale: 15.may 2025.
6*4 Fbx
9 Appold Stre&t
EC2A W
Mocxe Kinplon Smilh LLP is oligtAo as &NJilor in Im of So¢lN)n 1212 oftr* Compwk*s PA 2006.
15

The Chelsea Physic Gardon Company
(a compony Iwnited by ww*)tee)
(Includln9 con¥ol•d*•d In￿me WKI exp•ndftur• account)
for the yw ondod 31 2024
Not• Unr••trl¢t•d Endowm•nt RMtrl¢t•d
Fund•
Fund•
Fund•
Total
2024
Tolal
2023
Incom• from .
Oonatlons ond legacles
Other tradlng 8clivitles
Charltable a¢tivllles
Other income
Investmen18
225,430
1.061.353
694,798
225
167.722
430,4S1
055.881
1.061.353
594,798
225
167.722
975.188
865,418
599,180
7,171
138.053
Total Incorn•
I049,$28
430.451
2M79.979
2.585.010
Expendlturo On:
Charitable activitios
Raising funds
1,834.250
340,851
2,175.101
2,124.468
420.733
Totsl Expondltur•
2,287.880
340,851
2,628,731
2,545.201
Nèt {0xp￿ditureY In¢om•
b￿Or& gains, 10¥¥8s and
trnnsl#is
(238,352)
(148,752)
39.809
Net gains on
investments
13
331,366
331.366
202.377
Net surplusl(deficlt)
before transfers
Transfers be￿een funds
(238,352)
331,366
182.614
242.186
18
Not movement in funds
(238.352)
331.366
182.614
242.186
Reconciliation of funds
Total funds brought forward
al 1 January 2024
18
1.412,129
3,759,879
2,682,523
7,854,531
7,612.345
Total funds carried lo￿ard
at 31 Docernber 2024
18
1.173,777
4,091,245
2.772,123
8,037,145
7.854.$31
The notes on pages 20 to 40 1(*m M of Itwo ffirwcaal statements.
16

The Chelsea Physic Garden Company
(a company limited by warantee)
at 31 D•c•mb•r 2024
Company numbw 01690871
2024
2023
2023
Flxed a880ts
Tangible assets
Investments
12
13
2284.057
4.091.245
2.207,654
3,759,879
37&302
5.967.533
Current aM•ts
Stocks
Debtors
Cash al bank ar¥J in harKI
14
15
21
22,901
81,913
1,9¥628
26,6
139,534
2,260,755
1081,442
2,426.979
Cr•dltors: amounls falllng du•
wlthln on• y•ar
18
(399,599)
{539,981)
Not ¢urr•nl ass•ts
1,661,843
1.886.998
Total 998•t8 IM8 curr•nt
Ilabllltles
8,037.145
7.854,531
Net assets
19
.037.145
7.854.531
Funds
u￿eStrIcted
General
Designaled
Endowment funds
Restricted funds
18
18
18
18
5B2.467
591,310
4.091.245
2.772.123
608,271
803,858
3.759,879
2,682,523
Total funds
18
8,037,145
7.854,531
These financial statements have been p￿pared in a¢¢tytsn¢e with the provisions applUb￿ to companies subject lo
the small companies regime within Part 15 of the Companies A¢t 20C6 and with the Finan(4al Reporting Standard
FRS 102 SORP.
The finanrial slalements We￿ apwoved and athorised i8$ue by the Bo¥d on 13 May 2025
Sarah Flannlgan
Trust
Will Kenney
Trust¢•
The notes on pages 20 to 40 fomi part of these finanraal stalements.
17

The Chelsea Physlc Garden Company
(a C￿panY INnited by gjawtee)
at 31 D•wnb•r 2024
Compony number 01690871
2023
2023
Nolo
Flxed aM•ts
Tangible assets
Imieslments
12
13
2.232.494
4.091.345
2.179.671
3.759.979
34839
5.939.650
Current as••ts
Debtors
Cash al bank and in hand
15
21
151.252
1.850.965
111,403
2.138,703
1001217
2,250.106
Cr•dltors: amounts falllng du•
wlthln on• y•ar
16
{293,589)
{339.903)
Not ¢urr•nt assets
1.708.628
1,910.203
Total as••ts l•ss curr•nt
Ilabllltl••
8.032,487
7,849.8S3
Net assets
19
8,032,467
7.849.8S3
Funds
Unreslricled
General
Designated
E￿loWMent funds
Restricted funds
18
18
18
18
$77.789
591.310
4091.245
2.772.123
603.593
803.858
3.759.879
2,682.523
Total fund¥
18
8.032.467
7,849.853
As permitted by section 408 of Ihe Companies Act 2006. the Parent Charilalje CoMpan￿S F￿offt and loss account
has not been induded in Ihese finanoal statements. surplus yoar was £182,614 {2023: £242,186).
These financlal statements have been prepwed in accwdance with the FYovi8Ior￿ lo companies subje¢l to
the small ¢ompanEs regime wilhin Part 15 of the c¢)mpanies 2006 and with ￿ Finanryal Reporting Standard FRS
102 SORP.
The Ilnancial statements were apwoved arKI ￿th￿Sed ts issue by 8o¥d M 13 May 2025
Sarah Flann
Trust
Will Kenr
The notes on pages 20 to 40 forni pwt of these finarthl stslements.
18

The Chelsoa Physic Garden Company
(a c(Mnpary linite4J ty ￿￿antee)
•131 D•t￿b•r 2024
2024
2023
R•conclllatlon of n•1 In¢om• to c••h
flow• from op•ratlng a¢tlvlth•
Nel movement In lund$
(Galnyloss on Inveslments
Investment In¢ome
Depreclallon
Ilncreaseydecrease n debl(xs
IDecreasey{increasel in creditors
Ilncr8aseydecrease in stcKks
18
13a
182,614
(331.366)
1167.722)
133.814
57.621
1140.382)
3.789
242.188
1202.3771
(138.0531
52.006
188.593)
157.578
6.297
Cash flow8 from opwallro activitss
{261.632)
29.044
Cash flows from *wesliThJ athit
Investment irKome
Purchase of property. plant arnl aqw
167.722
(210.217
138,053
{978,635)
12
142,49S)
{838,5821
DeL¥ea¥e in cash ye¥
(304,127)
1809,5381
Cash al boginnlNJ ol year
2,260,75S
3,070.293
Cash at end of year
21122
1.956.628
2.260.755
19

The Chelsea Physic Garden Company
(a company limited by waranlee)
for th• y••r •nd•d 31 D•¢*nbw 2024
A¢¢ounllng polkl••
The Chelsea Phys* Gwden Company is a registered ch¥ity arKI irKwated kn EThJlaThJ and Wales urthr the
Companles Act 2006.11 b a ¢omp•ry Ilmlled by Lxwantee. Tr ad(tr￿ of the offth Is on pago
1 of the Directors. report.
The prlncipal accounting poli￿8 adopted. ludg8m8nts key 8QWCa8 of estimallon or uncertalnty In t
preparation of the finarti81 stalemenls are as follovts:
8asls of pr•p•rath
Tho financlal slatements I￿e been wepwed ￿ a histork cost b98is ex(* for the re￿lUatIon of inv8Stments.
The financlal statements have been prepwed in a(x1xts￿ wth A(xwntiTrJ and Rep(xting by Charities:
Sklemenl of Recommended PractKe applKable to chwities weparirwJ they ￿(￿nts in accordance with the
Financial Reporting Standard apF4Kabl8 in the UK and RepublK of Ireland (FRS 102) (effectNe 1 Janu￿ 2019)
- (Charities SORP, V Edilion IFRS 1021), the Fin**ia R6wtiNJ stan￿*d applicable in ts UK and Rewblic
of Ireland IFRS 102) arKI the compar￿ Acl 21>06.
The Charity constitutes a benefft entity as defined by FRS 102.
The financial slalements are in sterlirKJ. whith is the fvrm#1(K￿ ￿ller￿ of ltr* wp. fv•metsry
amounts In these fman¢ial $tstem¢nts roundwj to rwest £.
Exempllon$ for quallfylng •nllti•$ undwFRS 102
The parent thwilable company has token the ft4kxing dwJoswe ex￿lptiOr*'.
from preparing a statement of cash Iltr￿ on the basis that rt is a qualrfywy entty and the wp cash Ilow
$talement induded within Ihese finanoal $talements, in¢lude the company's cash fl¢vHs.' and
from the finanaal instruments disdosures, required urKler FRS 102 para 11.40 10 11.48A and p¥a 12.26 10
12.29, as the infomialion is provided in Group finaTh￿ disdosures.
Going concern
In assessing the impact of the cost-of4Niry cJi%is afMI the recovery of tourism in afterniath of the
Pandern￿ the Trustees have cons#Ywed all Ihe matters describe(l in ￿ Tnjslees. ReF#yi, includirwJ the group's
operations, the impact on subscriplh)ns. donations. aThJ other trading activities, as ¥vell as the impacl w the
group's inveslmenl portfol￿. To supwrt the Truslees. assessmwt of the sustainab￿ty of the group's aclNilies,
managemenl continues lo prepare cash-llow forecasls based on aSsumpt￿)n5, ttrwwgh to the eTrJ of 2026. The
major revenue arKI expenditure budgets we tracked on a month-by-month basis lo ¢he¢k ¥iual against budget.
which is used lo adjusl Ihe forwwd assumptK)ns Ir￿ne arKJ experKliture. The anaty5is undertaken shows
Ihal the group remains cash FQSitive withwl need to INuKlale any ol the tharitls investment
Ftholio.
CPG Enterpri3e$ Ltd. the wholty (r•4ned subsidiary urKlertakes certain commercia trwJin9 activities of the
group. has been subjected to a separate stress test fw a Fer*)d whKh exteThJs f0Th4ard lo the erKI of 2026.
Provided that trading activities ￿lIna￿lY urKlertaken by CPG EnterprbSe5 Ltd can be undertaken the stress test
demonstrales Ihal the trading ￿1p￿Y wemains ￿ Ir￿nt goirwJ ttrwlKxrt.
At the dale of siwirwJ these finarKial slalements. the Tw5tee5' forecasts i￿11¢31e that Ihe Group will be able to
maintain liquidity for a per*)d of at least one year follchMrvJ the date of wjning of these financial stslements and
will therefore be able to continue lo trade as a ￿Ing concem. The Trustees ttr￿ref￿e Consider that no material
urtertainty exists in felation to ￿1r￿d concern for the Gr￿p.

Th• Chels•a Physlc Garden Company
(a o)mpary limiled by Jwantee}
forth• y•nr •nd•d 31 D•c•mlxr 2tr24 (conUnu•d)
Accountlng pollcl•8
8asls olwnsolldadon
These financial 81atements c(Ywlidaie Tesults ch*ity aml wlM)ly subsidiary of CPG
Enlerwses Limited on a lif￿41￿ bas￿. A separate Statement of Finanu4 h£tNitw. ty in¢ome and
expenditure account for the dwrtable comparry itsell. is ￿t wesent•J in those a¢c(wnts bewse Ihe dwilable
company has taken advantage of the exemptwJrKs dlered by Sec1v￿ 408 of Companies PLt 2006.
In¢om•
Cash donations and grfts a￿ IrKI￿ in Statement of Finartol Aclr¥it*S TAthen condilions for thew receipt
have been met. When dorm speofy that d¢natAM lo Ihe ch*ity must be used in Arture x(¥Junli
periods. the inctsne is defefred unll those ￿Kmts.
For legacies. entilthent is taken as the e￿Itt of the date on either. (tharity is that wobale has
been granted. the estate has been finalised notfftation has been maje by th8 exwAJlix(s) lo the Trust that
a distritmjtion will be made. (* *then a distrt¥JliM is ￿1ved from the estate. Receipt d a legacy, in whole or in
part. is only considered likely when the a)K￿nI can be measured rdialty. and th8 th¥ity has been nolff￿1 of
the executorfs intention to m&%e a distr￿￿J11¢￿. ￿ leg￿ have been no11fi￿J to charity, or the tharity
is aware of the ￿an*1rKj of wobale, the uitwia irKome have been meL then the legacy is
treated as a contingent asset ￿ disclosed rf matwd.
GovernnMnt grnnts
the charity will compty with ￿ c(WKthIKJr6 att￿ lo pa￿ts.. and
the grants will be receNed
Grants received for which corKli1￿$ have Th)t been sat￿fE￿ we wied in Ihe Balance Sheet as tredilors.
Commercial trading opwations
Shop income Compr￿ reVerK￿ recwtsed try Ihe coffpany in resp&X ￿ g)ods SUPF4ied. exthsNe of Value
Added Tax and trade discounts. Lettings IT￿ comtXi5e5 revenue recwised by the company in relat￿n to
the lettin95 of Ihe grounds arKI aSs0(￿t&￿ fajlty fees.
Income from fundraisirKJ events is wKluded in the staemenls in the in Ihe fundraising event
lakes place.
Glft Ald
The charity owns the whole ol the tssued stwe cawta (rf CPG Enlwwises Limited.
Eth year CPG Enlefprw Limited pays to the (knity. rel*ed to Gft AKt, a sum based on
the taxable profrts of the company. The paYn￿rt of Gift Aid is subi8L# lo th8 reserves polry of the gifting entty.
and the approvd ol the charrty.
Grft Aid is recognised on the ac(¥uals basis in lin *ith the d88d d Cove￿￿.
21

The Chelsea Physic Garden Company
(a company linNted by gw¥antee)
for th• yw •nd•d 31 DKarnb•r W24 {Gonlinu•d)
AGGounling policies (¢￿tin¢￿)
InvestmertlnGom•
Drvidends are induded in the stateffle￿ of FinarrAal *dpiilies dedwed.
Interest is induded when re¢er￿lIe by the wp.
Admissions are recognised lhthen recer•ed by the wp. Friends subsLYlPtM￿ we rwnwj over the to
which they relate. any relating to fulwe pwKMJs is delerred. Lrfe subsuykn we re(wnised as th8y are
recewed.
Expendltur•
Expendrture is recognised on an accruals basis in the perK)d ￿ wlith it 15 incurred. Costs of raising funds I
commercial trading operattons comprise the costs associated with Ihe lettvig of ￿0urVJS arKI gcrfxls suppl￿.
Charitable experKliture comprises those costs in(yJrred by the chwty in the delpiery of its actr4il•e¥ and services
for its beneficiaries. 11 indudes both costs that can be alkKated dwecty to such aclp4ities and those rA>sts of an
irKlwe¢t nature ne¢ossary lo $upport tlwn.
All ¢0$15 ir*￿ding governance ￿$ts we akKated bet*wi exp8ThJiture ¢ategtyts of Ihe <tslty ￿ a basis
designed to reflect thè use of the resoLY¢O. Costs relatirYJ to a wthwl¥ xtNIty ￿ c*wg8d dlr•. 01￿￿5 are
apportioned on an apwopriate basis.
Fund accountlng
Unrastrlct•d funds can be used in accordance with the charttatle objectives at th8 discretion of the Trustees.
These include the assets of the IradiTr3 company. The Truslees use pwt of the unrestricled funds Irom tim8 to
lime for specrfic projects and sel up desynaled funds to rellect this.
The Endowm•nt Fun(i is an 8xpendabl8 End(MTrenl and rewesents Thiestrnenls arKI cash *thich continue lo
be used by the Trustees in the best inlerests of the charty. The end￿*￿Ient furKI was e5tablish8d belween 198&
87 from a fundraising appe* which attracted donatKJns from a number of sources. The TnJstee5 have delemiined
that the fund is expendable with IM)th caprtal and in0Y￿ b8irvJ availatAe to use al th8 Trustees. discretion in
support of the charity's 7hrrk.
R•$trl¢t•d funds can onty ￿ used for the p*t￿laT restr￿ted purp)ses oblectpies of the tharrty.
R8slri¢lion$ are imposed by the dormy or t*then fund5 are raised for spetsfied restricted pwposes. The r#)les to
the financial statements WOVKle lurther delal5.
T•nglbl• Ilx•d 4$$•ts
Generally, langibte fixed assets *e capitalis•d rf trwy can bo used fty mtye Ihan orn yew wrfl cost al kna81
£2.$00. They a￿ valued at ￿$1.
The ¢harlty does not have a polw on revaluat￿, a nominal Val￿ of£1 b wt maln ￿lIdlIVJs and g¥dero.
The freehold ol the larKI arKI bJIldin￿ are by the ¢hty with a Deed of Covenant in place whth restricts
Ils use.

Tho Chelsea Physlc Garden Company
(a compgry linfted
Accountlng pollclu (ctvthmd)
ranqlble fixed assets (conUnu•
Depreciation of fixed assets is clwged at rnles estimthd to wite off costs ovw the exp8¢ted useful lives.
The rates u8ed ￿ as folkYw5".
Buildings
Improvements
Office fixtures and equiwent
Horticultural equipment
Computer equipment
2% of cost
10%-Th rrf c05t
rrf cost
of ¢osl
Stock is In¢luded * the kw rf cost and net realisable value a￿1 (￿Ists of resale.
Inv•slments
Listed investrnenls ¥e stated at (kniThJ m￿ke1 vatue al the b￿r￿ S￿ date. Urwlised gain or k)ss
calculated as the difference bet*wi openirvJ arwj ckjsiro mwkel value. as aiiusted f(Y addilions arKI disposals
in the year.
Inveslments held in substsjb￿ ca)M￿&￿ ￿e rwise(l at (x)sL
Dgb¢ors
Trade and other debtors we Tec(wised al settl￿￿rt amount due any trade dIsC￿nI offered.
Prepayments a￿ valued al the anwnt prepaid r￿1 of any tr* ￿￿￿nIS due.
Cash at bank andln hand
Cash and cash equlvaknls w*ude eash wi hand. deposils at Cal wilh bar*s and other short4em) liquid
Inv6slments wilh 0￿Inal maturilies of 1CKI da>s (* less.
Credltoys andpmvlslons
Creditors and provisions are recognised where the chty has a F*esenl 0￿19allOn resulting from a past event
that will kyobably result in the transfef of funds to a thyd pty and the amount due to $8llle Ihe (￿l￿allOn can be
measured or estimated reliably. Credilors arml F¥ovisions are recogni5ed al ther selllemenl amount
8fter alk)wfjng f(x any trade discounts due.
Flnancl•l Instruffl•nts
The group only has financ￿1 assets and fina￿1￿ liablilies of a that qualty as basic finanGial inslrumenls.
Basic financial instruments we initially recogni8ed at tran&￿ value Subsery￿rfY measwed at thotr
settlement value.
23

The Chelsea Physlc Garden Company
(a company limited ty ￿arantee)
Nol•• fornilng part of th• flTrancl￿ •tat•mffits
lor th• y•ar •nd•d 31 D￿•mbar 2024 (¢ondnu•d)
A¢counllng poll¢l•• (con11￿)
Lws•d •M•ts
Tho ha8 Operatry leases. Their annual rentsh are chwged lo the Stalement of Flnanclal A¢tlvltles on a
stsght line basi8 over the Iwm of the lease.
Tho chty does MI t)perate Its (y*n Pensi￿ sd*me. Pensim costs relate to payments made ty the bVOUP to
a group pwsonal p8nsion scheme administered indep•￿nI1Y.
Esdm•t•s •ndludgm•nts
There are not considered to b8 ary $W￿lf￿ant estimates and judgements Involved in the preparation of the
fnancial statements. Those estbmale5 and jud9emenls made. which are not consKlered lo be Signif￿an1, ar6
covwed by the ottv accounting polrns.
Unr•strlGt•d
funds
R¥trfct•d
fund•
2024
Donat*M and legao'e$
225,430
430,451
6SS,881
225.430
430.451
655,881
2023
382.498
592.
975.188
382.498
592.69)
975.188
24

The Chelsea Physlc Garden Company
{a C(￿panY limited by gwantee)
Notm fomilng part of th• ¥tst•m•nts
for th• ywr •nd•d 31 D•¢•nb•r 2024 (¢onllmMdJ
Incom¢ from oth¢r tradlng a¢tlvltl¢8
2024
2023
Commissions and letbng of rooms
Shop income
Fundraising events
440.759
158,265
266.394
174.776
295.933
1.061.353
865.418
All income from trading ￿tivit*S was v￿estI￿ted in the current aThJ we(*ding year.
Incomo from charftable actlvltl•s
2024
2023
Adrnissior
Ffi8fKls' subs¢dpllons
291,967
302,831
280,858
318.322
594,798
599.180
All Irthm8 from charitth athities t*a8 urfeslrthd wrrent and preceding year.
Inv••tmort Incom•
2024
2023
from r￿ed asset distri1mrti￿ unit furKIs
107,722
138.053
167,733
138,053
2024
2023
Auditorfs rem￿eratiOn
A￿li10r.S remuneration-
c￿Orat￿)n tsx serv
26.000
2,674
2,915
9,329
133,814
25,470
7.718
4.32S
2.046
52.006
Detnaation ol langible frxed assets
25

The Chelsea Physic Garden Company
(a ¢(¥npany limrted by wan1881
Not•s fomilng part of th• flnanclal •t4twnwfi•
for th• y•w •nd•d 31 D•¢•nbw 2024 (conllnu•dJ
Total
2024
Cost•
¢o•ts
Inote 8)
Raising fur#ls (nole 9)
1.124.741
233.221
1Tf.299
3.031
116,052
17,762
757,009
199,618
2,175.101
453,632
1J57.962
180,330
133,814
2.628.733
oth•r
costs
2023
Charilablo actriil
{note 8)
R&slng funds lnote 9}
1.126.077
226.587
207.340
50,420
740,831
189,696
2.124.468
420.733
1.352.664
210.204
52,006
930,327
2.545.201
Expondlture on charltable actlv6tl85
Dlrect
Support
Total 2024
Science and hortr¢ultu
Educational programmes
Other projects
707.118
134.058
1.088.563
707,118
134,058
1,333,925
245,362
1.929.739
245,362
2,175,101
Direct
Support
Total 2023
Science aThJ horticulture
Educalional rwammes
Other rKoiects
69).278
121,686
1.088.922
690,278
121,686
1,312.$05
223.583
1,900,885
223.583
2,124.468

The Chelsea Physic Garden Company
(a company limited by War￿tee)
N(rt•• foTmlng part d th• financlal •tat•m•nt•
for th• y•ar ond•d 31 IYeK•mb•r 2024 (contlnu•dJ
Exp•ndltur• on charltabh actlvlom
AMly•l• of dlr•ct ¢o*l•
Trt•l 2024
Total 2023
Wages and sal¥
Deprecl*ion
Materials
Equipment
Repairs. maknlenance & deanlTrJ
Securty
Advertislng and marketlr
Education costs
Recruilmenl
Rent. rates. water. heal & light
Travel. subsistence & entertain*
Insurance
Printlng, postage & statlonary
Telephone and inlemet
Ticket commissions
Professional fees
Other costs
994198
110.906
44.911
7.414
136.688
8.143
31.894
5.203
25.555
29.284
17,065
810
27.100
376
1.(K13.312
48,899
41.894
169,028
11,839
8.034
14,850
23,727
34,542
35,434
35,224
6,342
11
1Q08B
227,666
204,458
14.842
197.279
209.751
1.929,739
1.￿0.885
ADaly818 of •upport ¢08ts
T(rtal 2024
Trrtal 3)23
Wages and Salaries
Oeprecialion
Security
Advertisin9 and marketw
RecDJitment
Rent. rates. water. heat & Iyht
Travel. subsistence & enlertairmng
Printing, postage & stationery
Telephone and inlemel
Professional fees
Other costs
Govemance costs
130,543
5,146
122.765
1.521
914
2.852
1.146
1.832
2,531
2,597
2.731
2.188
2.507
1.264
2.313
17,685
16,050
63.692
12.698
15,002
59,236
r23.583
27

The Chelsea Physic Garden Company
(a company Iwnited by Glwanlee)
N(kns fomiing part of th• finaDGial statwnents
for th• y•ar •nd•d 31 D•cwnbw 2024 (G¢)ntinu•d)
Expondilurn on raising funds
2024
2023
233.221
111.467
48,361
60.581
226.587
86.069
43.383
64,694
Expendrture of CPG Enter￿￿ dwttialion)
Fundrai5¥u costs of d￿rity
Costs irwred on fundraisiThJ fa
453.630
420.733
10
Group
2024
Group
2023
Wages and sal
1,129.949
101,581
126,432
1.149,501
103,304
98,627
1,232
PensM)n costs
Temp￿ary SL
1,357,962
1,352.664
The d￿rity (k)es ￿t owale ts penSW￿ scherne. Penswjn costs r¢lale lo payments made by the group to
a svoup pvsonal pensK)n s￿￿rne administered independenty.
Avorag¢ number of èmploytts as a h￿d¢O￿nI.
Group
2024
Group
2023
Ch*itable
Admintstration
FuThlraisirvJ
42
The goup was helped by a SubStw￿ number rA ¥okK*ews. 4yoximately 188 (2023: 158) thr(wghout the
The key managemert pers￿￿￿ of goup. ifKlude a wmber of senKY manaws across Ihe wp who
t¢)gett*r have arwj resp￿$t111ty frx planniry, dve¢ti'rvJ WKI ¢ontrc41ing the actP4ities ol the wp. The
tolal employment beréfts paKJ lo key pw$(Y￿1 ol the wp £S70.058 (2023: £S77.957).
Salary rw• for •mploy•M •amlng £60,000 or mor•
2024
2023
£60,￿) . £69.999
£80,0￿ . £89,999
P￿$1￿ ¢<mtrilxrtKmS pahj to tho abo¥• ￿l$d kn £47,758 (2ff23. £32.ts1).

The Chelsea Physic Garden Company
(a compwry limited ty wwantee)
for th• y••r •nd•d 31 D•c•nbw Wd4 (¢Mdnu•O
10
Tru8tea8 and •mployees (con1#￿)
Redundancy. restructixtrKJ and terni1na1￿ c¥Ats rnlatiNJ to a of wwe £nd (2023: £nl).
Trusl•e•' remuneratlon and •xp•ns••
None {2023- none) of Ihe Tntstees r￿1Ved femuneratA)n. [￿rir￿j the yew Tn￿le8S (2023- had
expenses reimbursed of £269 (2023 - £3081. One Trustee r￿1ved entertainment lo the Value of £91 {2023 -
rK)ne).
11
Taxatlon
The company is a ch￿ty the meaniry of Pwa 1 s(l￿d￿ 6 Acl 2010. A(X￿In￿ the chty is
polenlially exempl from laxation in reSp￿t of i￿e or caFXta gains calew￿5 covered by Chapter 3 of
Part 11 of the C￿[m￿at￿)n Tax 2010 or Seclion 256 Taxatw of Ch¥geabbe Gains Act 1992. 10 tt18
exlenl that such income or applied exdusivdy to chaxitai* purpo￿. CWa Physic Garden
Company is a registerwj charity ￿ has no liability lo taxatK)n on its income year. Tax recovwed from
voluntary income received urKler aKI 15 recognised the related i￿Orne 15 receivable arvj is allocated lo
the income ¢alegJry lo whth ￿ I￿ome rdates.
No tax Ch￿eS arose in the FWM)d.
The subsidiary eompary makes a qualfying donalK)n crf all taxade lo Tr Chelsea Physic Gth. No
corporation lax liability on the subsrdiary arises in the actwnts.
12
Tangible asset•
Group
Bulldln
and und•f co
Impro¥•ment Structl
Gl•ss- fixturts ¢ulturnl Ctynput•r
houms wipm•nt •q¥lprMnt •qulwn•nl
Cost
At 1 January 2024
Addltlon•
729.931
126.688
1995)
27.913 1.972.769
43.J3
101158
36,471
117,4061
24914
23.235 1882.010
3.765
210.217
{18A01)
Transf•TS
127.983)
At Decmnl￿r 312024
855.624
2.016.062
149.206
249M
27.000 3.073076
Deprecladon
At 1 Janvwy 2024
Dl$posal$
Ch•rg• for th? year
521,043
19951
43,593
97.273
117M06)
14.388
23335 674.406
70.136
753
133.814
At D•eèmbgr 31 3024
5S4,U1
91943
94255
1{392
23.988
789.819
Net book value
At 31 D•unkn 2024
291.383
1923.119
S(951
3.012 2284,057
At 31 D•c•mb•r 2023
208288
27.913 1.949.962
4•85
1q536
1207.054

The Chelsea Physlc Garden Company
{a company limit8J by W￿le8
12
Tanglble Msots (conbnuedj
Charlty
8ulldh
Im￿0¥•￿￿nI
Tirt
Cost
At l January 2024
Add5tlon¥
Dl•po•al•
n9,931
126,088
1&72.7&1
97.5M a9Jl 21235 2.849M3
3.765
173.746
118,401)
At Docomb•r 312024
855.024
101¢1)62
80.1JB
2%9M
27.1)00 3,004.
At 1 January 2014
Dl8po8al•
Ch•rg• forth• y•w
521.643
I￿5)
23.235 069.792
{18.401)
120.923
(17.408)
1.497
71,136
753
At O•¢•mb•r 312024 5MJ1
91943
7&750
143W2
23.988 771314
N•t book valu•
At 31 D•c•mb•r 2024
291J83
1.923.119
11.592
1012 1232AM
At 31 December 2023
208288
1W.962
16.S36
2.179.671
As a cormlition of the furKJing [￿e1¥￿$ from the Nath>￿ Lottery H￿lIage FurMI for GlaSSh￿Se RestoratK)n
13
13a Usted Investments
2023
Market value at 1 JaThwy 2024
Addilions
Gain in lh8
3,759,879
3.557,502
331,366
202,377
Mwket value at 31 D￿ernI￿ 2024
4,091245
3,759,879
Investments ae held in listed fvTrJs by LLP.
The hislorKal cost of the listed inves1Th￿ at 31 D￿fflber 2024 was £3,9)6,950 {202& £3,378,111) due lo an
irwJea5e in cash account WKI a Svbryith of WNestments to Ihe Sarasin Climate Active Endowmenl$ Fund In

The Chelsea Physlc Garden Company
la cornpany limited by gu¥anlo0)
NotM fomiln9 Part of th• fln￿￿•1 •tat•m•
for th• y•w •nd•d 31 o•C￿b￿ 2024 {contlnu•dJ
13
Flx•d A$8•t Inv••lm•nts (continwd)
13b Inv••trn•nts In •ub8ldlarf
2023
Shares In CPG EnterFvtses Llmlted at cost
11x1
100
Group
2023
Tota Fix&1 Asset InvestffleNs
4.091245
4,09134S
3.759.879
3.759.879
The owned Iradiry sub5Kliary, CPG EnterFxtses Limited (0314(KNM). is fegsler&J in the Uniled Kngjom.
The priropa xtivty of CPG EnterFYBes Limited is Ihe ruming of the Gth and Ihe lelling of Ihe grouThls of
the charity. CPG Ent￿￿￿ Lwnited is exempt frtrfn an amlit uThJer S479A of the ComwM85
At 31 Decembw 2024 tt* Mxxmne (rf CPG was £76S.420 (2023: £599.024) arml expenditwe was
£302.647 {2023.. £267.051). The net assets of CPG Enlwwises Limited £4,77812023: £4,778) and tho
retained to that dale was £4.678 (2023.. £4.6781. after payment to Physic Company und
qualfying ch*itable donal*)n of £462.773 (2023- £331.973I.
14
Sthcks
Group
2024
Charfty
2024
Char
2023
2023
26.6
15
Group
2024
Charty
2023
2024
2023
Amounts falling due within on8 year.
Trade debtor5
Amounts ¢)¥*Ed by subsidiary
Prepayments and ac*Jued incomè
19365
59,839
41,247
4,773
61.688
43,230
72.795
81.913
151.252
139,534
111,403
31

The Chelsoa Physic Garden Company
(a company lThited ty wwantee)
16
Cr•dltorn . Amounls falllng du• wlthln on• y•¥
Group
2024
Grnup
2023
Chwity
2023
2024
Trade ¢redlt¢ys
Other Creditors
Other tsxatlon and sodal 6￿ul1ty
Awuals
Deferred income
19.721
33.112
86.374
80.220
210.172
14.128
10.625
53.971
70.844
144.021
57,117
135.223
19.￿)
76.780
2S1.571
42,530
16.914
73.385
152,508
539.981
339.9)3
Included within Othef creditors to sdvne of £10.625 {2023- £8.711).
17 D•l•rr•d In￿m• r•¢on¢lll
Gff)UP
2024
Charity
2023
2023
Balance 8t l JarK
Amount released lo in¢ome earrnd
from ¢￿ta￿￿e activities
Amount deferred in the
251,571
152.508
239.339
167,951
(251.571)
210.172
(152.508)
144.021
(234,040)
246,272
(187,652)
152,209
Balance 8131 December
210.172
144.021
251.571
152,508
amounts r*le lo rnceIV￿ in of events b(￿d f(* Ihe nexl finarwl perknd.
32

The Chelsea Physlc Garden Company
(a c(ryny limited ty gJ¥*rtee)
for th• yw •Yl•d 31 D•¢•nbw 2024 (¢onfinu•O
Analys1$ of ¢harltabh funds
Group- curr•nt y
2024
General lund
1133.459)
(S7￿￿}
120.624)
302.137
259,740
317.549
DesvJnal&J fvnd- Jil Legw 50,05T
1A12.129
1049.SJ R2•7WI
1.173.777
3.7￿￿
331.366 4091245
HortKxJliura trainees
Fh)rilewm SCO
[hgthSal￿n P[r￿￿t
11318
517
(M0321
15fOI
17.e03
14121
14347
{1.675)
1.718
1.716
14nsi
U72
R.U.B While Charitable T￿t
Commurmty ()Jtre&
a55hous8s Re51oTrtTh F￿1
7.142
2JOI574
79.5
1221111}
Hort￿tture- Slwknts Tr￿1
41•
HortKtsttural Ther4)y
1054
John S%%ire 1989 Charilak Tr￿1
10.000
Intefwelath)n Rc4k(*Jt
113,410
Ja￿￿5 & Shirley Fw
2S.(
Leaming & EngageTh￿l 21.362
Ctsmposting fwithtie5
Biodiversity Sur¥ey
Pathways to Krn¥A
14181
I1￿4}
152661
1218151
112.6281
117.634)
4,$70
4.734
128,871
35.782
{12.6721
1131
13.7
(1414n
24.353
156218
190.000
133.782)
2.682,523
4XIN51
1340.8511
17Y1123
Total fund•
7.854.531
2.479.979
12,628.n11
331.366
.037.t45
33

The Chelsea Physic Garden Company
(a C￿mpanY limileil by guwantee)
Nolu fomilng part of th• Ilnan¢lal slat•m
lor th• yw ￿d•d 31 D•¢￿b•1 2024 {¢<￿01nu¢rfJ
18
Analy81s of charitabl• funds
Group- pr•vious y•ar
1 J•nu¥y Incom• Expwth TT•ffj*r• N•t oaln on 31 D•c•mb•r
2023
Inv••lm•nl•
2023
Genwal furHI
127.rn 1.7•1320 12m1I191
100271
fund {lormety Dosh3natwJ FuThl-
C8¢Yogan Estates
1129.8061
{111601
I•￿)
435,596
317.S4•
50.057
327,408
Dwnated fund- Jdl Hood LWJW 1110.000
D¢svJnated fund- Volwlews
Total unrn8trlct•d lund•
1.6213J6
1m320 12303,n81
1N12.129
Endowm•ntlund
2VA.3TI
1759,•7•
R•$trkt•dlunds
HortKulbJral trane
Fknrilegium Souety FWKI
Db'lisalkjn Propd
11310
1.706
.Mo)
1.711
2.301
P.301)
Education and (Xrtreach Proj￿1
Garden Reslr*aed Ctyal¥y
Judtth Bronkhurst Oonal
R.U.8 White Charitvknl8 T￿
Comunty l)Areach
GlaJ¥hou80¥ Resloraticffi
Frlends Sth8me R8vi6W
Lagacy RL￿r Melvin Monk3
HortbJlture- Students Tr￿￿
HortKJJltural Therapy Pmgran
John Swsre 1989 Chanlablo Tnmt
Inlerpretatvn Rdl-cxrt
James & Shirfey Shw*r(¥1 Fmj
30.913
129A901
11231
18
3.¢61
140221
121118•1
2250.649
442.031
2,479.501
418
2.054
10,000
113A10
25,000
21,362
3,677
11.909}
11l150}
1Q970)
13.486
10.IJOO
25,000
21700
10.099
115272)
16A22)
CompostlrKJ
Total r•strlcted lund•
2.433.807
$91890
1341.473)
{2.3011
2.682.523
Toial fund•
7.012.345
2.585.010
12.545.201)
202.377
7J54.531

The Chelsea Physic Garden Company
(a c(¥w limiled ty swrntee)
Notes fonning part of thg financial sl*•n•nts
for tho year •nd•d 31 D•¢wnbw 2024 (Gontinu•d)
Inve•¢rn￿Ity
2024
577.719
113J.4591
{57.8091
PO,6241
302,137
259,740
29.433
08signa￿ frJrKJ- Ja L•Jxy 50,1157
1M07A51 1m7m• 11075A21)
I.1￿*,099
331J
4.091.245
13.318
3¢517
134.034
1570)
17.003
15.121
14347
(1.675)
1.711
414b
4872
R.U.B Whle TnM¢
7,142
2,402,574
Hortukn- Slthls Tfa¥
11,9541
15.2
122,8151
112.3J)
117,634)
111
114.147)
4.570
4,734
128.877
1Q,ODO
113A10
IS.￿0
35.712
112,6721
2.131
5.859
3.677
13.7M)
¥500
190.IIOD
24.353
156,218
133.7821
2.Stt52J
439A51
IJ40.1511
2,772,123
7W.153 2367.$20 PA10372)
331,3fj6
8.032.487

Tho chel￿a Physlc Gardon Company
(a compaTri liniknl by
Analys18 of ¢harltabl• lund•
Charfty- prnvlous y•ar
At
2023
823.11•2 1.•11J10
1lm1A09)
001￿3
C•pltsl Rwlevdoprwl.
fund Ilom*ty O•wJn*•J FWKI.
C* Estates
1129,1081
435,596
317,549
50.057
Desynated fuThl- J41 Lw 11x1,000
14•,•4J}
1.11•.$51
1A11J10
025￿8>
1h07,461
2OU77
Hort1￿lI￿r￿ tr•1
11.01•
1.700
13,318
.••o)
1.718
Acous1￿ Pw
Edu￿11￿ arKI PffjiKa
P.>)11
{51
•13
3,061
Judith 8ffjnkhwsi t*Jn#tbJn
R.U.B Wh4e Chwft*JlèTnMI
Communlty (hrtreoth
G185sIKyJses RestV8tkn 2250.64•
Frlertds Scheme Rèviw
Legacy Roger ￿(￿1
Hortthllvr8- slud￿1$ Trml
HortwllUr￿ Thorapy PWPJM
John Swrè 1989 Chwitobltr
Inlwprelatw R0￿()Jt
Jvrn & Shw* Sh•wod FWKI
11231
15.0221
7.062
2,479.501
442.03B
11391
411
418
2,054
10.000
113,41
25,IXIO
21.302
3,677
13.U6
10.000
{111501
110J70}
11.3361
2&000
24700
10.009
115372)
Tothi r••trkt•d lund•
1431
$91MO
1341,473)
(2.JOiI
2,8B2,523
Tot•1
T,￿7,1567 1404,100 12,J84.791)
202,377
7,84•,8S3

The Chelsoa Physlc Gardon Company
(a company l#nite(I by
Notm formlng PArt of th• flnanclal •tat•m•nt•
for th• y•w •nd•d 31 D•c•mb•r 2024 Icontlnu•d)
18 An•ly•l• ol ¢harltabl• fund• (C(¥Ki￿)
R••lrlct•d fund8 h•v• b••n ••tabllsh•d to provld• flnwKlal sUp￿rt for •pocllk pvol•cl• a• bdow:
Hortlcultur81 Tralrffj
A ontr￿ trairdrKJ Kvowamme wopbo intornsl8d In pur8Ui
Thè Florlle9lum Society Fund
An exhibitN?n of original of CPG Florilegium sO￿ty members
suprAyled by mwk6tiThJ and wblKIty.
Dlgllisallon ￿01aCt
A d￿rtiS8110n project of Garden bcA)ks. paper$ ￿ artth 8UPPOrted
by the purchase of a l￿-re$dU1￿n s¢anner and solwe.
Garden Reslrlcted Donations
FurKl$ ralsed to $upp(*t ad hNtixthKal woiects
R.U.B Illhbte Cwlable Tru$1
CommunNy Outreach
A donation to supwt ￿treach to kKal o)mmuni1188.
Glasshou8e8 Restcyallon Fund
Rost(**iM of the Glasshou$69 togethw Imth supporting activity
prwamme$. ro•interwelation aThJ plant collections review. Fundèd
livrfl￿ ¢ontinwJ inlo 2024. Ttr* fund will remain open as th8
Glasshouses dewecaale.
Legacy Roger Melvin Monks
Hortkullure Students Travel
A legacy to supp¢KI travel ¢osls of over￿$ Sludenls lo study al tho
Garden
John Swlr¢ 1989 Charilabla
Trusl
Inlerprelallon Roll-(krt
A &Yanl lo supp(xi leamlThJ and engag￿1 wogramme.
A furwj lo supwt the research. development. and inslallallon of nv
inlerprelath)n .
A fund lo support an(1 developmnt of rK)Trliving c(4lections.
Spectslty botanteal *t.
James & Shlrfey Sherwc*)d
Fund
Learning and Engagement
Coordinator
A fund 10 8UPPOrt the ¢o$ts of a p3rt.lime Cc*ydinatOf lo help
admlnblw and delfvw Learnlng and Engapmenl Programmes.
Compostlng facilllies
A fund lo supwt the rnpay of c4)mposting faciliti83.
Biodiversity Survey
A fund lo suppNt an audll of Garden wildlrfe and habitats. Ovw 40
surveys will be conducted by mMI-2025 in order lo urKrfersland the
environment surrwrKliNJ our Imng plant co1￿¢1￿4n.
Pathways lo Kno1￿9dg6
A dOnal￿n to replace exisliThJ ￿aVe1 palhways lo imrrn
accessibibty and lo rep￿ and add inlerpretats'on.
37

The Chelsea Physlc Garden Company
(a t(￿panY limrted by warantee)
Noi•# fomilng yrt of th• fln¥KW Stat•m￿t•
for th• y•ar •nd￿ 31 D•umbw 2024 (Gonlinu
18 Analy8ls of charllabh funds
Restrlcted funds whlch closed In th• wlor yw:
Acoustic Panels Proje(
A wqed to IrrfrLK1￿ acou5ts Pa￿1$ Ert>ankment. reduciTrJ
trafk nC￿e SUp￿ed by Patron5 Fund5 remaining have been
Educatlon and Outrea¢h Fkniect
Furxls rai5e(S ts the ￿j￿alKIn i￿ludirvj th8 SheW-Lrfe
Judith Bronkhursl Donal
A dona1K￿ to lu￿1 of twra¢otta P￿nI pots
Friends. Scheme Rev
A revvw ol the Frnnds sctrwne I￿aUding qu8st#)nnakos lo Frfonds,
Unrestr￿led funds are used in aCC￿d￿ *ilh the thwilaL4e ofyeclNes al the discrelK)n of t￿ Trustees. The
Trustees uso wl of Ihe urrestrthd fv￿5 frqyn twne to twne sp￿r￿ wojects and sel up d85wJnaled lunds to
refiecl this.
The FuThJ is an exp￿dable Elxlty￿ arnl rew8s•)ts in¥osIm￿t9 aThY cath wlmch ¢onlinu6 lo be
used by the Trustees in the best inltrests of the eharty. The erKlo*Ynent fund vrds established bèlween 198&
87 from a fundraising appeal whth attraded donat￿lS from a number ofsources. The Trustees have determined
that the fund is exp￿￿ble both ca￿tal and income teirs aVailaL￿e to use at the Trustees. di5crelitin in
supKth of the Charl￿5 w(Kk.

The Chelsea Physic Garden C¢)mpany
(a ¢￿P￿ry limitwj ty wrntee}
Not•s fomiing of th• finwcial sta1wn￿lS
for th• ￿ ond•d 31 D•G*nbw 2ty24 {¢¢wrtinu•dJ
19 Anaty818 of nat a8s8ts b•tsrt•n funds
Twibl•
Cr•dilors
Group- Currenl Year
General funds
Designated fijnds
Endowment funds
ReStr￿ted funds
606.135
591.310
13M60
$91,310
4.091,245
2.772.123
4091245
1.923.119
863.997
114.993)
Totsl
2284.057
4091245
1061.442
1399.599)
8.037.145
Group- Pr•vlous Y•ar
General funds
D&slgnated furKIs
End¢)wment funds
Reslrl¢t¢d funds
257.wd
{447,288)
608,271
803,858
3,759,879
2,682,523
803,850
3.759m
l.Hg,962
82&254
(92,ts3)
Total
2,207,654
3.7S9,879
2,426,979
(539,981)
7,8S4,$31
Charlty- Curr•nl Y•ar
General funds
Designated funds
Endowment funds
Reslricled funds
309.375
100
$61,903
$91,310
1293.589)
591,310
4.091,245
2.772,123
4.091245
1,923.119
Total
2.232.494
4.091.345
2.002217
1293.589)
8.032.467
Ch•rfty- Pr•vlou• Y•ar
General fund5
Designated funds
Endowment funds
Restricted funds
229,709
100
713,687
803.858
{339.903)
603.593
803.858
3.769.879
2.682.523
3.759.879
1,949.962
732.561
Tolol
2,179,671
3.759,979
2250,106
(339,903)
7,849,853
20 Liability to the mgmb
Every member of the company uTrJertakes lo Contrilxrte an amount not exceedirwJ £1 to the assets of the
charitable conwany in the event of the ccffipany bw'rwJ Vbwnd up **)ile he 15 a rnember. or within one year after
he ceases to be a mernter. Thbs contn.bulK￿ 15 for ￿ payment of the debts and liablities of the ¢h*tde

The Chelsoa Physlc Gardon Company
(a r￿Mpo￿ limi￿1 by wThtee)
Not•• formlng part of th• Ilnanclal •tat•ment•
for th• y•#r •nd•d 31 O•c•mb•r 2024 (conilnu•d)
21 Analy•l• of ca•h ¢a•h •qulval•nt•
Group
2024
Charlty
2024
Group
2023
Charity
2023
Cash at bank and in hand
1,956,628
1,850.965
3.070,293
2.￿.795
At 31 D￿*rnber 2024 Ihe wp •xl ctwity had rn lo￿ d8ssif*d as debt.
At 31 Decernber 2024 the wp aThl had fvttme mlnknNJm1oa60 paYrn￿ts urnJ8r ThTr¢artdlable
2024
2023
No later than 1 year
Latsr than 1 year arKI no later than 5 years
3.237
3.236
3.237
3237
6.473
24 Related party tyansacilons
Thwe are no related pwty tr￿(￿K￿ li 2024 ty 2023 ollw than those doladed In notè 10.