Willoughbridge Garden Trust {Registered charity number 522695) Trustee's Report and Financial Statements for the year ended 31 December 2024 Pago Contents Charity Reference and Administrative Information Curatorf6 Report Trustee's Annual Report Independent Examiner's Report ststement of Financi81 Activities Balance Sheet Statement of Cash Flows Notes to the Accounts 34 10 11 12-24
Wllloughbrldge Garden Trust Charity Reference and Administrative Information for the year ended 31 December 2024 The Trust presents its, report together with the statement of accounts for the year to 31 Dec8mb8r 2024. Full nama Imlloughbridge Garden Trust Reglstered charfty number 522695 Trustee Willoughbridge Garden Trust Ltd is the sole corporate trustee. The direclor8Arustees of Willoughbridge Garden Trust Ltd during the year vRra: Sir B E F Fender A E Fisher J A Arkle T Kyriacou P M Dobson Chaimwn K Atkey C l Barcroft J Hughes (retired 23fd January 2025) R Underwood A Lakin Garden Curator K Robey Prfnclpal addre98 The Dorothy Clive Garden Willoughbridge Market Drayton Shropshira TF9 4EU Independent Examlnar Daryl Denson ACMA VAST The Dudson Cèntre Hop8 Str88t stOken-Trent. ST15DD Bankers S8ntand&r Bridle Road Bootle Merseyside L30 4GB Invastmont Advl8or8 Castlefield Investment Partners LLP 1 Portland Street Manchestar M13BE
Wllloughbridge Garden Trust Curator's report For the year ended 31 December 2024 2024 has been a very successful year in tems of number Of visits. Although the weather has not been klnd with rain continualty (almost) from October 23 through to Octob8r 2024. We welcomed just ovar 34.000 vists to the garden which was just 1,000 less than the previous year which was much better weather wise. Memberships have also continued to grow to over 3,500. Coach trip and group booking numbers were at their best Sin Covid boosted by the Gard8n's app8aranc8 on Gardeners World in 2023. Hopefully this will extend to 2025. Education has been a focus of 2024 with school trips dramatically increasing following the appointment of Education Officar Hannah Turner in September 2023. The majority of schools tend to visit in the summer term so Hannah 18 extending the year with more adult education and a Dorothy Clive Choir. The evening lectures and wkshopS continu8 to prov8 popular with some b8ing booked as far as October 2026. These lectures usualty convert to a group visit so are particularly beneficial to the Trugt. Workshops currently are mostly based around horticulture and art. Hannah will extend this to music and singing, . We have been extremely lucky to receive a donation and a legacy from Joan Masters, long-temi supporter of the garden. Joan wanted to see. a structure close to the Tearoom which could be mostly for the for the u88 of doggy visitors as dogs are not allowed in the Tearoom. We We able to fulfil Joan's wishes and Joan and her 2 dogs, Olive and Barney, officially opened the Olive Barn in May 2024. Many thanks to Contrak for their help in meeting tha daadline. The structure has greatly enhanc8d the Tearoom lawn and will a gre8t addition to evening events at the garden, The Potager area h88 bean an ongoing project throughout 2024. The 8im is to introduce mora edible planting in the area with th8 plan to run workshops around growing and cooking. The Tree Council were kind enough to enable us to buy Apple and Paar tr808 to start the project. These have been planted as espaliers and cordons. In 2025 we will add raised beds with herbs and vegetsbles. The whole area will be made mole accessible. Wildlife is an important part ofthe Garden and th8 Wildlife Hub ha8 enabled us to bring this to the fore. A nest cam in the Hub follow8d a Great Tit family throughout the spring. Various &xhibitions, trails and activities for both adults and children were centred on the Hub providing holiday activities for all ages. One of the highlights of the year was a Tawny Owl family occupying a nest box in the Quarry. Volunteers continue to be invaluable lo the garden. In 2024 volunteer hours We at a record level enabling the garden to reach a much higher standard of maintenance. Online reviews of the garden have been consistently oulstanding with tha standard of planting and maintenance being an outstanding feature. This is in no small part due to th8 increase in volunteer hours given by our very loyal team. Volunteers also help with the office, Giftroom, Events and exhibitions. We have another full programme for 2025 averaging one large event per month.
Willoughbridge Garden Trust Curator's r8POrt (contlnued) for the year ended 31 Dacemb8r 2024 During 2024 we were offered the chance to expand the garden through the purchase of 3.5 acr88 of adjoining land. This will be lo East of the existing garden and will enable the addition of an arboretum. Planning permission is currently being sought with completion due to happen in spring of 2025. The plan is to plant a hedge in the autumn of 2025. Thereafter a windbreak will be required with specimen treas to be added after that. We would hope to expand the planting to include a national collection. I would like to thank, on behalf of all visitors and staff of Dorothy Clive, all the funders and supporters of the garden. Your help does enable us to und8rtake projects that would not othetwise be p088ible. K Robey Curator
Willoughbridge Garden Trust Trustee's Annual Report forth8 yaar endod 31 December 2024 Th8 Trust888 presents their annual report and financial stat8ments of the charty for the year ended 31 December 2024. The financial statements have been pr8pared in accordance with the accounting policies set out in notes to the accounts and comply with Charities Statement of Recommended Practice (SQRP): Accounting and Reporting by Charities (2019) applicable to charities preparing their accounts in accordance With FRS 102 effective from 1 January 2019, th8 Financial Reporting Standard 8pplicable in the UK and Republic of Ireland (FRS 102) and they a180 compty with the Charities A¢t 2011. Objects and alms The principal object of Willoughbridge Garden Trust a8 set out with the Charity Commission are to provide A memorial garden for the rest and recreation of the public and The promotion of horticultural education for the benefit of students and the general public, The charlty's aims continu8 to b8 to maintain and enhance a garden inspired by the m8mory of the late Dorothy Clive to be used for the enjoyment and benefit of the public and to promote and support horticultural education for the continuing benefit of both students and the general public. The Dorothy Clive Garden cov8r8 approximately 12 acres. The principal strategies used by the charlty to achieve its objectives are ravised annually and 8et out in a formal fwe year plan, Publlc banafft The Trust8e confims th8t they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and perforniance The charity's achievements for the year are sat out in the Curator's Report. Management of the charlty This is vested in the Directorsrrrustees of Willoughbridge Garden Trust Lld who hold regular quarterly meetings and are invo5ved in all major decisions regarding both the strategy and management of the garden. Volunteers The charity is indebted to the 'Friends of the Garden, and volunteers both for their regular financial support and in assisting with the maintenance and running of the Dorothy Clive Gardan. We estimate that the volunteers, time amounted lo approximately 5,450 hours. Flnanclal review The St8tement of Financial Activities is set out on page 9. Overall, the charty made a net surplus of £73,819 (before investment gain8 and108ses) for the year ended 31 December 2024 {2023: £2,510 loss). Incoming resources totalled £620,760 (2023.. £498,268). Investment income was £15,765 (2023.. £12,496). Investrnent gains amounted to £11,903 in the year {2023: £11,155). The current year has seen slightly lower visitor numbers due to the poor summer weather but Ihe impact of cost pressure particularly on wage and food prices has had the main impact on our results. Investment in education and garden staff has also increased our cost base. We. ware howevèr very fortunate to recaive a legacy of £70,000 at the end of the year which has had a signrficant imp8Ct on our final result. The number of visitors, including re-visits and children, was 34.015 (2023-. 35.800) Resources expended totalled £546,941 an increase of 9.20/0 on 2023. In accordance with Charities SORP (FRS 102) Second edition October 2019, these have be8n splrt across our three principal activities.
Willoughbridge Garden Trust Trustee's Annual Report {continued) for the year ended 31 December 2024 Expenditure on charitable activities totalled £270,816 compared to £237,548 in 2023 and És detailed in note 7. Governance costs are no longer shown as a separate line on the Statement of Financial Activities in accordance with Charities SORP (FRS 102) - Second edition October 2019. The costs are allocated beeen expenditure on ralsing funds and charitable activities. The Trustee monitors the18vel of these costs on a regular basis. Support costs have been allocated across the charty's principal actmties in line with Charities SORP (FRS 102).- Second edition October 2019. Investment gainsllosses in the year are split between realised and unrealised reserves relating to the extent of the monies withdrawn from tho portfolio in the period. Pollcy on reserve8 The Trustee's policy is to maintain free re8erves sufficient to cover anticipated capital expenditure requirements and improvements to the collection of plarrts, shrubs and trees, to provide sufficient working capital to finance the charity's operations during the winter rnonths when the garden is closed on waakday8 and to generate investment income and gains to help improve the sustainabilty of the garden. Fr8e reserves amounted to approxirttately £481.000 on 31 December 2024 {2023'. gpproximately £428,000). The8e are held as an income generation fund with Ihe objective of realising a sufficient return of capital and income to enable the Trust to oper£te at an approximate break-even position. This pollcy over the last ten-year period broadly 8chl6vad this objective. The leval of admission fees 18 restricted by competition from other attractions, and they 8re kept at mi]dest level in line with other gardens of a similar stze and quality. Incom8 from this source Is insufflent to cover the cost of maintaining the garden to a high standard and the income from the charty'8 investments is wholly used to cover the shortfall. Inv88tm8nt pollcy The charity's investment policy has been formulated after tsking full account of Part11 cf the Trustee Act 2000 and th8 advice of their investmant managers. The policy seeks to achieve the efficient 8nd prudent management of the charity's investments with the aim of maximising the return on them. Governing document The Willoughbridge Garden Trust IS an unincorporated body constituted by a conveyance and deed dated 12 April 1958, a supplemental deed dated 11 November 1958 as modified by a Scheme of the S8cr8taty of Statg for Education and Science dated 8 June 1965 and by Schem8s of the Charity Commissioners dated 11 August 1993 and 17 March 1998. The trustees of Willoughbridge Garden Trust Ltd are involved in all aspects of these procedures. Governance Procedures are in place to ensure that income, expenditure and perfomiance are monitored, and that appropriate management information is prepared and reviewed regularly. The systems of internal controls are designed to provide reasonable assuranc8s against material mi5Statement or loss. They include- A strategic five-year plan An annual budget Regu18r consideration of financial results D818gation of day-to-day management authority Identification and management of risks.
Willoughbridge Garden Trust Trustee's Annual Report (continued) for the year 8nded 31 December 2024 Annual audit Under clause 9 of the conveyance (Trust Deed) dated 12 April 1958 the Trustee resolved to dispense with tha annual audit requirement and to comply with the Charity Commissionerfs normal rules which require an Independent Examination for a charity of our size. Appolntmont of trustees Trust8es of the Willoughbridge Garden Trust Ltd are appoint8d from tim8 to time to provide relevant experience and technical support to the management team and to assist with the governance of the charity- All potential appointees are considered by the Board prior lo formally being appointed. Appropriate induction and training 18 provided if con8id8red necessary. Rlsk management The risk8 to which the charity is exposed are reviewed regularly. The major risks include adverse weather conditions which have a detrirnental impact on the number of visitors to the garden 8nd volatility in investment markets. Systems hava been established to mitigate these and all other risk's to the extent that this is Possible. Golng concorn There are no rlsks Identlfled wSth tha golng concem status of the trust. For and on behaff of the Trustee Signed 04,03.109 on March 2025 Sir B E F Fender. Chalrman
Independent Examiner's Report to tha Trustee of Willoughbridge Garden Trust for tha yaar ended 31 December 2024 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024. which are set out on pages g to 24. Resp8Ctlvo rosponslbllltlos ol trusteos and oxamlnar As the charity's trustees of Willoughbridge Garden Trust y_ou are responsible for Ihe preparation of tha accounts in accordanc8 With the r8quir8ments of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Willoughbridge Garden Trust excounts carried out under seclion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(51(b) of the Act. Indopendont 8xamlnerfs statem8nt Since Wlloughbridge Garden Trust's gross income exceeded £250,000 your examiner must be a memb8r of a body listed in section 145 of the 2011 Act, I confimi that l am qualffied to undertake the examination because l am a member of Chartered Institute of Management Accountants, which is one of the listed bodies. I hav8 completed my 8xamlnatlon. I confirm that no matters hav8 com6 to my attention in conn8Ctlon with the examination giving me cause to believe.. 1. accounting records were not kept in respect of Willoughbridge Garden Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports> Regulations 2008 otherthan any requirement Ihat the accounts give a Irue and fair view, which is not a matter considered as part of an independent examination. l.have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the account8 to b8 reache Slgn8d on 1310312025 . Daryl Denson ACMA VAST The Dudson Centre Stoke on Trent ST15DD
Willoughbrldga Garden Trust ststement of Flnanclal Actlvlties for the year ended 31 December 2024 2024 2024 Unr6strlcted Rastrlcted Funds Fun(ts 2024 2023 Total Unrestricted Funds Funds 2023 Fle8tricted Funds 2023 Tot81 Funds Nota Income fronr Donalions and legacies Charitabla activities (Xher tradlng acllbities InSIm8rrts 74.889 205,417 277,897 15,765 45,109 119.978 205.417 277,697 15,765 17.848 2CII,673 265,415 12,498 17.848 200,673 285,415 12,498 Total Incom8 575,651 45,109 820,760 498,268 498,268 Exp8ndliure on: Charitable 8ctiblllag Pai8ing Funds Total expendtturo 252,025 276 125 528.150 18,791 270,816 276 125 546,941 224,759 12,789 237,548 263,230 500.778 18,7S1 487,989 12.789 Net Incon{0Xpendltur9> boforo galn8 and losses on Investments Net ga1(lo8888) on investrnents 47,501 28.318 73,819 10,279 112,789) (2.510) 11,903 11,g03 11,555 11,555 Net Incom(8Xp0ndltur8> 59,404 28,316 85,722 21,834 <12,789) 9,045 Transfor8 between fund8 732 1732) Net •Th)veff*nt In funds Raconclllatlon of funds: Total funds brought for1rd 60,136 25,586 85,722 21,834 112,789) 9,045 785,677 103.502 889,179 783,843 118,291 880,134 Totsl fund8 Carried fowdrd 14 129 088 974 901 785 677 103.502 889,179 All income and expenditure derive from continuing activities. The Statement of Fin8ncial Activities includ8s all gains and losses recognis8d In the year. The notes on pages 12 to 24 form part of these financial stst8ments
Willoughbrldga Garden Trust Balance Sheet for the year ended 31 December 2024 2024 2023 Nots Flxed assets Tangible assets Invesknents 329,400 531,664 861.064 312,290 513,227 825,517 10 Currant a890ts stock Debtors Cash at bank and in hand 11 12 14,500 8,900 141,360 164,760 16,750 8,928 87,328 113,006 Croditors amounts falling due wlthln ona year 13 (50,923) (49,344) Net currant assets Croditor8 :amounts falling duo after on• year Net assets 113,837 63,662 13 974,901 889,179 The funds of tho charlty Unrestricted income funds Restricted income funds Total funds 845,813 129,088 974,901 785,677 103,502 889,179 14 The financial statements were approved and authorised for issue by the Trustee on 4th March 2024. Signed on behalf of the TrusteeB Signed on Slr B E F F•ndar. Chalrman The notes on pages 12 to 24 forni part of these flnanclal statsments 10
Willoughbridge Garden Trust statement of Cash Flows Fortha yaar ended 31 December 2024 Nots 2024 2023 Cash flow8 from oprating acliviti68: Net cash flow from operatlng actlvftles 16 103 412 14,054 Cash flows from Investlng actlvltles: Purchase of property plant and equipment Net cash flow from investing activitie8 49,380 11,905 11,905 Nat movem•nt in cash and cash equivalonts 54,032 2,149 cash and cash equivalents at 1 January 2024 87,328 85.179 Cash and cash equivalents at 31 December 2024 141,360 87,328 The notes on pages 12 to 24 form part of these financial statements
Willoughbridge Garden Trust Not8S to the Accounts forthe year ended 31 December 2024 1. Accounting policies Summary of signrfÈcant accountjng pollcles and koy accountlng 68tlmate8 The principal accounting policies applied in the preparation of these financial statements a set out below. These policies have been consistentty applied to all the years pSented, unless otheDNise stated. Statsment of compliance The financial statements have been prepared in accordance with Charitie8 Statement of Recommended Practicp (SORP): Accounting and Reporting by Charities (2019) applicable to charities preparing their accounts in accordance with FRS 102 eff8Ctive from 1 January 2019, the Financial Reporting Standard applicabl? in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. BasE8 of praparatlon Willoughbridge Garden Trust iiieèts tha definition of a public benefit entty as defined by FRS 102, Assets and liabilities are initi8lly recognised at historical cost or transaction value unless otherwise stated in the accounting policy notes. Golng concern The trustees consider that there are no rnaterial uncertainties abcut the charily's ability to continue as going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Incoming resources The value of all resources accrulng to the Charlty are recordad In thè Statemant of Flnanclal Actlvltles as soon as it is legally entitled to the income after any performance conditions have been mel. the amount can be measured reliably, and it is probable the income will be received. Annual membership subscriptions are taken to revenue over the relevant subscription period. No amounl is included in the financial statements for volunteer time in lina with the SORP (FRS 102). Further detail is given in the Trustee's Annual Report. For legacies, entitlement is the earlier of the charity being notified of an irnpending distribution or the legacy being received. At this point income 18 recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected lo be distributed. On these occasions, the legacy is treated as a contingent asset, and it is disclosed if material. Resources expended All expenditure is accounted for on an accwals basis and has been classrfied under tho headings that aggregate all costs relating to tha cat8gory. Expenditure is recognised where there 18 a legal or constructive obligation to make payments to third parties, it is probable that tha s8tt18m8nt will be required, and the amount of the obligalion can be measured reliably. It is categorised under the following headings: Costs of raising funds includes costs of generating voluntary income, fund-raising, trading and investment fees, plus a share of support costs. Expenditu on chan"table activities includes details of all costs associated with the maintenance and development of tha garden directly. Support costs are those costs incurred in the support of the fund raising, govemance and charitable activities which cannot be directly attributed. Govemance costs comprise all costs involving the public accountabilily of the charity and its compliance with regulation and good practice. Th8S8 costs include 12
Willoughbridg8 Garden Trust Notss to the Accounts (continued) for the year ended 31 December 2024 cost related to independent examination fees. Support costs are incurred d1CtlY in support of 8xpenditur8 on th8 obj8Cts of the charity and are apportioned betsveen th8 categories notsd above either directly or on a basis consistent with the use of resources. In the main these apportionments have been made in relation to income received. The analysis of these costs is included in note 6. Government grants Gov8rnm8nt grants arè r8cognis8d based on the accrual model and ar& measured at the fair value of the asset received or receivable. Grants are classifi8d as relating either to revenu8 or to assets. Grants lating to revenue a recognised in income over the period in which th¢ related costs are recognised. Grant8 relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an a88et 16 deferred, it is recognised as deferred income. Tanglble fixed assets and deprlatiOn Tangible fixed assets are ststed at Cost les8 accumulated depreciation. D8preciation is provided on a straight-line basis calculated to wrrt8 off the cost of tsnglbla 88gets, less estimated residual value, over their expected useful lives as follows: . Freehold land Freehold buildings Plant and machinery 20% p8 100h . 500h pa Deprecation rates are variable to reflect th8 economic lrfe of the asset. Flxed assatg Invastmontg and rolatsd Incomo Investments are included in the balance sheet at market value. Galn8 and Losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investment8 are calculated as the difference bebNeen sale proceeds and opening m8rket values (purchase date if later). Unrealised gains and losses are calculated as the difference between the m8rket value at year end and the opening market value (or purchase date rf later). We only show realised gains or losses separately in the statement of Financial Activiti88 that rèlat8 to amounts that ara utili88d to directly benefit C88h flr)w. Stock stock is valuad at the lower of cost and net reallsable value. Debtors and creditors recelvablo I payabla,withln one yoar Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Fund accountlng Unrestricted funds are available for use at the discretion of the Truslee to spend on activities that further any of the purposes of tha charity and which have not been designated for any other purposes. Designated funds are unrestricted funds of the charity which the trustees have decided 8t their discretion to set aside to use for a specific purpose. The aim and use of any designat funds is set out in the notes to the financial statements. Restricted funds are funds which the donor has 5pecifie(f are to be solely used for particular aaS of the Trust's work or for specific project8 being undertaken by the charity. 13
Willoughbridge Garden Trust Notes to the Accounts (contlnued) for the year ended 31 Dec8mbar 2024 1. Accounung pollclos (continued) Employee benefits The charty op'erates a defined contribution plan through NEST for the benefit of some of its employees. Contributions are expensed as they become payable. Other employees, where eligible, are aut enrolled into 8 NEST pension scheme. 2. Donations and legacleg Unrestrleted R•strlcted fund8 fund 2024 2024 Total Unrestricted fund8 funds 2024 .2023. Restricted funds 2023 Tot81 fund5 2023 Donations and gift8 Legacy 6,338 4&109 50.447 17,848 17,848 119978 3. Charltable a¢tivitie8 Unr6strlcted Restrlcted funds funds 2024 2024 Total Unrestrictad funds furKI8 2024 2023 Rastricted funds 2023 Total funds 2023 G receipts and membership 205 417 206 417 200 673 200 673 200 873 205 417 Other trading a¢tivitle3 Unrestrkted Restr1ed funds funds 2024 2024 Totsl Lhrestricted funds funds 2024 2023 Restricted funds 2023 Tot81 funds 2023 Catering income Gift shop Irorr ljher trading income 196.717 37,707 196,717 37,707 191,128 39,729 191,128 39,729 277 697 265415 5. Investments Unr8Strlctod funds 2024 Restrlcted funds 2024 Totsl iknrestricted fundg funds 2024 2023 Restricted funds 2023 fuThJ8 2023 Income from listed iniBstments Bank interest 9,358 9,368 8.977 8,971 5,519 12,496 12.496 14
Willoughbridge Gardon Trust Notes to the Accounts (contlnuod) for th8 year ended 31 December 2024 6. Total 8xp8ndlture: Direct Support & Costs governance costs 2024 Total Costs Direct Costs Support & govemance costs 2023 Total Costs 2024 2024 2023 2023 a) Summary Charitable activities Raising funds 229,222 225,288 454,510 41,594 60,837 92,431 27018 276 125 546,941 200,009 217,349 417,358 37.539 45,881 83,420 237,548 263,230 500,778 Depreciation of £14.345 is included in the restricted costs of charitabl8 activities. Charitablo Actlvitle$ 2024 Raising Fund8 2024 Total Charltable Costs actlvltles 2024 2023 Ralsing Fund$ 2023 Total costs 2023 Allocatlon b) of 8UPPOrt CO8tg Office salaries Other off8 running costs c) of governance costs Professional fees In8urances Office salaries other office running costs 14,110 17,004 17,245 20,782" 31,356 37.788 12,850 15,543 15,705 18,997 28,555 34,540 859 4,131 2,490 3.000 41,694 1,050 5,049 3,043 3,668 60,837 1,909 9,180 8,533 427 3.708 2,268 2,743 37,fj39 523 4,532 2,772 3,352 45,881 950 8,240 5,040 6,095 83,420 92,431 d) Staff costs, trustee remuneratlon and expenses The average number of persons directly employed during the year and their salary and wage c08ts are set out below. There wère no employeas with emoluments in excess of £60,000 (2023.. £nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds. Staff costs: 2024 2023 Wages and salaries Social security costs Defined contribution pension costs 310,652 17,127 13,529 341,308 274,300 10,853 11,140 296,293 Staff number5: The monthly average number of persons (including senior managem8nt team) employed by the charty was 18 (2023'.17). The total employee benefits of the key management personnel of the Charty vRre £62,025 (2023: £56,429}. Tru8t88 Remuneration No remuneration, directly or indirectly out of the funds of the charity, was paid or payable for the year to any Trustee of Willoughbridge Garden Trust Ltd or to any person or p8rsons known to be connected with any of them other than expenses of £1,620 (2023". £2,079) w8re r8imbursed to one trustee during the year in h'is role as a volunteer of the Willoughbridge Garden TrusL 15
Willoughbridge Garden Trust Notes to the Accounts (continuod) for the year ended 31 Dacember 2024 7.Charltablo Actlvltlas 2024 2023 G¥dener8' Wdge costs Gate Moge costs Direct garden e>penollxtre Direct educational COBts Depreclation SuFPOrt & goKBrnance costs allLxated 151865 11691 37,203 1,052 22,411 136,792 14,381 24.488 1,489 22.879 37,539 237,548 270 816 8.Ralslng Fund8 2024 2023 Tea room purchases and wage costs Gift room purchases and wage costs Plants for resale Depreciation Support & governance costs allocated 170,414 36,593 8,423 9,858 50,837 276,125 161,760 36,588 6,669 12,332 45,881 263,230 16
Wllloughbridge Garden Trust Notes to the Accounts (continued) for the year ended 31 December 2024 9.Tanglbl8 flxod ass8ts Freohold Internst In land and buildings Plant and machlnory Total Costs At 31 Decernber 2023 Additions Disposals At 31 Decemb8r 2024 622,182 41,028 120,825 8,352 3,768 125N09 743.007 49,380 863,210 788,619 Depreclatlon Al 31 December 2023 Charge for year On disposals At 31 D6c6mbor 2024 349,120 22,985 81,597 9,285 430,717 32,270 3,768 459219 372,105 87,114 Not book valuo: At 31 December 2024 291,105 38,295 329,400 At 31 December 2023 273,062 312,290 All tangible fixed assets are held by the charity for li$ own use on activities and furtherance of hts, objectives. The Trustee does not consider it practicable to quantify any difference beeen the net book value of its land and buildings and the market value. 17
Illoughbridge Garden Trust Notes to the Accounts (continued) for th8 y8ar andad 31 Dacember 2024 10. Investrnents and Cash 2024 2023 Market value at 31 December 2023 Additions at Cost Disposals at carrying value Gainsl(losses)- Realised Unrealised Market value at 31 December 2023 Cash Total 501,394 78,541 (63,770) 488,091 1,748 11,903 528,068 3,596 531,664 11,555 501,394 11,833 513,227 Represented by. Fixed interest and government stock UK & global equities Cash 20,507 $07,561 20,594 480,800 11,833 531.664 513,227 Hlstorlcal cost at 31 December 2024 UnTea118ed Inv88tment galn8 at 31 De¢omb8r 2024 83,274 79,390 Materlal Investments, representlng In excess of 5% of the portfollo value ar•: First Sentier Worldwid8 Sustainable Casllefield Thoughtful European Casllefield Thoughtful U K Opportunities Casllefield Thoughtful UK Small Companies Casllefield Real Retum Fund Lion Trust Sustainable 47,370 49,608 137,899 41,213 73,789 28,998 11. Stock 2024 2023 Tea rowi stock Gift room stock pnts 3,000 11,600 3,500 12,950 300 16,750 12. Debtors 2024 2023 Prepaynts Qhw debtors 3,360 8,928 18
Willoughbridge Garden Trust Notss to the Accounts (contlnued) for the year ended 31 December 2024 13. Creditors 2024 2023 Trad8 Creditors Ta¥Ation and social securty Accruals D8f8rred Income 4,050 7.460 780 6,749 6,576 4,900 31,119 Deferred Income at 1 January 2024 R8sources deferred in period Amounts released from prebious period Deferred Income at 31 Decentsr 2024 31.119 28,236 28,791 27,227 Deferred income for the period includes member8hip sub8crtption8 peid for the following calendar year, deposits for wedding bookings and advance ticket sales for various events. 19
Wllloughbrldga Garden Trust Not8S to the Accounts (continued) for th8 year andad 31 December 2024 14. Movement In funds Balance at Incoming Resources Galngl 1 January resources expend•d on 2024 Investments Tran8fern Balance at 31 Decémbèr 2024 Unrostrlcted fund• Dorothy Clive Garden 625,313 575.651 (518,875) 11,903 (13,288) 680,924 Degignat•d fundg Maintenance Fund Strateglc Developmnent Fund Educatit)n Development Fund Total unro8trkted funds 50.000 98.364 12,000 T85,677 50,000 98,364 16,525 845.813 9,475 (628,150> -14,000 732 676,651 11,903 R08trictsd fund• Tractor 8hed-Garfield Wèston Glasshouse - Royal Botanical Jean Masters Dog Shetter HLF Emergency Funding orwen Mcpherson Trust Upgrade Drive Funds Under £5.000 Total rngtrlctad fund8 14,809 55.190 (1,234) (4,615) (4,490) (1,007) (4,280) (300) 13,575 50,575 38,427 532 20,208 5,150 821 119,088 42.917 1,539 24,488 5,450 2,026 103,602 732 (732) 45.109 {18,791) Total fund8 889,179 620,760 (546,941 11.903 974,901 20
Willoughbridge Garden Trust Notss to the Accounts (contlnued) for the year ended 31 December 2024 Balance at Incomlng Resources Galnsl 1 January resources oxpended 1108808) on 2023 investments Transfers Balance at 31 December 2023 Unr88trlcted funds Dorothy Clive Garden 615,479 488,268 (487.989) 11,555 (12,000) 825,313 Deslgnated funds Maintenance Fund Strategic Development Fund Education Development Fund Total unrestrtcled funds 50,000 98,364 50,000 98,364 12.000 785,677 12,000 763,843 498,268 1487,989) 11.555 Rostrfcted funds Tractor shed-Garfield Westo'n Glasshouse - Royal Botanical Pavllion Kitchen Upgrade VOIPIIT System Pavilon seating HLF Emergency Funding Olwen Mcpher?n Trust Upgrade Driva Total reslrfctad funds 18,043 59,805 1,967 1,012 400 2,546 28,768 (1,234) (4.615} (673) (2801 (4001 <1,007> <4,2801 300 11789) 14.809 55,190 1,294 732 1,539 24,488 5,450 103,502 116,291 Total funds 880,134 498,268 (600,778) 11,555 889,179 Fund De8crlptlon8 Unrestrlcted Funds G8n8ral Funds Free resenies amounted to approximately £481.000 on 31 December 2024. These are held principally as an income generation fund with the objective of realising a sufficient return of capital and income to enable the Trust to operate at an approximate break-even position. This policy over the last ten-year period'achieved this objective. Deslgnatod Funds Malntenanca Fund To cover th8 Costs of major repairs and renovations to buildings and equipment. strategic Development Fund This has been set up to earmark funds for the ongoing development and extension of the garden. Educatlonal Development Fund To enable the further development and extension of the edu&2tion programme and to cover the associated costs incurred. 21
Wllloughbridge Garden Trust Notes to the Accounts (cOnnUed) for the year ended 31 December 2024 Purpo888 of Slgnlflcant Restricted Funds Tractor Shed Fund8d by th8 Garfpld Weston Trust {£25,000) This enabled the construction of a purpose-built facility for machinery and tools and the demolition and r8dev81opment of the garden on the old site. Glasshou80 The glasshouse construction was rnainly fundad by Royal Botanical and Horticultural Society of Manchester arKI the Northern Counties £100,000, the friends of the Dorothy Clive Garden and the William Dean Environment Trust. Em8ry8ncy Fundlng-HLF This grant of £32,500 principalty covered employment costs and PPE to enabla maintenance of the garden and to facilitate bett8r service to visitors. A small amount was lo finance capitsl items aimed at offering visitors a 8afer environment. Olwon McPherson Trust Thi8 grant is to fund the construction of a wooden building for the exhibition of bees and reted educational activit18S. Upgrado Drlv• Project Part funded by The Friends of the Dorothy Cllve Garden. Jean.Masters Dog shelter This was a personal donation to fund the constructlon of an outside shelter where dog owners can sit with their pets.
Wllloughbridge Gardèn Trust Notes to thè Accounts (continued) for the year ended 31 December 2024 15. Analysis of net a888t8 by fund 2024 Unrestrlcted funds 200,312 531,664 164,780 50,923 845,813 2024 R08tricted funds 129,088 2024 Tot funds 329AOO 531,664 164,760 (50,923 974,901 Fixed assets Investments Current assels Current liabilities 129,088 2023 Unra8tric¢ad funds 208,788 513,227 113.006 49,344 785,677 2023 Re8trlctsd fund8 103,502 2023 Total funds 312,290 513,227 113,OC 49,344 889,179 Fixed assels Investments Current assets currenl.liabilities 103,502 16. Reconclllatlon of net expendituro to cash Inflow from opgratlng activities 2024 2023 Not incomo1(oxpanditure) for the reporting p6riod (89 por tha 8tatsment of flnanGial aGtivitie8) 73,819 (2,510) Adjustnknts for: Depreciation charges Dimdends, Interest and rents from intrents (IrKrease)Idecrease in stocks {Irre&l8)Idecrea5e in debtors Increas81(decrease) in creditors Nat cash provlded by oporating activitles 32,270 16,534) 2,250 28 35,211 (4,333) (2,100) (746) 103 412 Analy*15 of cash and cash equivalents 2024 2023 Cash in hand 141360 141360 23
Wllloughbrldge Garden Trust Notes to the Accounts (continued) for tho year ended 31 December 2024 17. Ind8P8ndent Examiner's remuneration The independent examiner's fee 18 £800 (2023: £800). 18. Related Party Transactlons There were no related partie8, payments in the year. The total amount of donations received from trustees of IIYlloughbridge Garden Trust Limited or other related parties for the period was £1,510 (2023.. £360). 19. Flnanclal Commitments The charity had committed purchases at 31 December 2024 of £nil (2023.. £niD. 20. Legal Status of the Charfty The Willoughbridge Garden Trust is an unincorporated charity, registered with the Charity Commission for England and Wales and constituted by a conveyance and deed dated 12 April 1958, a Buppl8m8ntal deed dated 11 November 1958 as modrfied by a Scheme of the Secretary of State for Education and Science dated 8 June 1965 and by Schemes of the Charity Commissioners dated 11 August 1993 and 17 March 1998. The address of the registered office i8 given in the charity infomiation on page 2 of these financial statements. The nature of the charity's operations and principal activities are described In tha trust8e's report on pages >7 of these financial gtat6mants and in the cur8torf8 report on page8 3-4. 24