Willoughbridge Garden Trust (Registered charity number 522695) Trustee's Report and Financial Statements for the year ended 31 December 2025 Contents Charity Referenc£ and Administrthe InforrnatK Curatorfs Rewt Trustee's Annual Report Independent Examine¢s Report Slatement of Financial A¢tNlties an Sheet ststement of Cash Fl(r Notes lo the A0Unts 6-8 10 11 12 13-22
Willoughbridge Garden Trust Charlty Reference and Administrative Inforniation for the year ended 31 December 2025 The Trust presents its. reporttogether vthh the statement ofntsfOr the yearto 31 De(xnber 2025. Full name WIlghbr1(Je Garden Trust Registered charty number 522695 Trustee Alloughbridge Garden Trust Ltd is the scAe corForate trustee. The directorsltrustees of Wlloughbridge Garden Trust Ltd duTing the year we.. Sir B E F Fender A E Fisher J A Arkle T Kyriacou P M Dobson K Atkey C l Barcroft A Lakin R Underwood P Thomas chnan (retired 4 March 2025) (appointed 4 March 2025> Garden Curator K Robey Prfnclpal address The Dorothy Clive Garden Iloughbridge Market Draylon Shropshire TF9 4EU Independent Examingr Daryl Denson ACMA VAST The Dudson Centre Hope Street Sloke-on-Trent ST1 5DD Banke[8 Santander Bridle Road Bcotle Merseyside L30 4GB Investmont Advlsors Castlefield Investment Partners LLP 1 Portland Street Manchester M1 3BE
Willoughbridge Garden Trust Curatorfs report For the year ended 31 December 2025 The Tearoom and Gfftrcrf)m have also receNed consistenuy cotry)lirrntary reviews. In 2025 we have been very fortunate lo have 4 students from Reaseheath College who have joined us for their WO experience hours. This is a very rewarding b.rne for the garden team as they pass on knowledge and expertise to the next generation. Throughout 2026 we wll have 2 Gold Duke of Edinburgh Award students who are urKlertaking a project to explain biodiversity at The Garden to a variety of age groups and to put together a module to be used during school trips. Colin Mugridge who has a fabulous garden in Wales has very kindfy donated over 1CO of hi5 own Hybrid Rhododendrons which will be a huge addition to the garden. The collection wll be evaluated during their firsl year after transplant and will hopefully te accredited vth National ColleCtn ststus. Volunteers a150 help with the Office, Tewoom. Giftrwm. Events and eXhibons. Their help enables us to have one large fundraising event each month throughoLrt the sumer. The Dorothy CINe choir was formed in Spring 2025 and then perfom)ed at the Summer Music Festsval and the Carol Service in December. This has been a huge success and has resulked in both more visitors and performs a wonderful community fvjnction for the members. On behalf of all visitors and staff at The Dorothy Clive Garden I woukl like to thank all Ihe supporters and ftjnders without whose help we could not undertake the projects and mawitenance which makes pla so special. K Robey Curator
Willoughbridge Garden Trust Trustee's Annual Report for the year ended 31 December 2025 The Trustees presents their annual reFOrt and financial statenEnts of the tharity for the year ended 31 Dmber 2025. The financial statements have prepar8J in a([danC with the CntIng Fo1leS set out in notes to the accounts and compty with Chtbes Statement of ReC(mended prti {SORPI: Accounting and Reporting by Chariknes (2019) apPIe to charities preparing their accounts in accordance wlh FRS 102 effective from 1 January 2019, Finanryal ReportirwJ Stsndard applicable in the UK and Republic of Ireland {FRS 102) and they a150 compty wilh the Charitr'es Act 2011. Objects and airns The principal object of IMlkJughLYKlge Garden Trust as set out wilh Charity CorrThis5ion are to provide A memorial garden for the rest and recreation of the publ and The promotion of horttcultural education for the benerrt of students and the general public. The charity's aims continue to be to rnaintain and enhance a garden inspired by the mermry of the late Dorothy Clive to k used for the enjOynnt and effit of the public and to promote and support horticultural education for the continuing benefft of both students the general public. The Dorothy Clive Garden. following the purchase of adint land this Aurnn. r>)vers approximatety 16 a¢res. The principal strategies used by the charty to achieve its obje¢tNe$ aTr Vtsed annually and set out
i a formal ffiv&year plan.
Publ1¢ benefit The TNstee confimis that they have compligJ with the requirerrEnts of section 17 of the Charities Act 2011 to have due regard to the publK benefit guidance publhed by the Charity Commissbon for England and Wales. Achievements and performance The charity's athievements for the year are set out in the cut0S Rewrt. Management of the charty Th is vested in the Directorsffrustees of Wlloughbridge Garden Trust Ltd who hold gUlar quarterfy meetings and are involved in all major deThsions regardin9 both the strategy and management of the garden. Voluntwrs The charity is greatty indebted to its volunteers trth for their regularfinanaal support and in assisting th the maintenance and rUnng of the Dorothy Clive Garden. We estimate that the volunteers, time amounted lo approximatety 5.950 hours in 2025. Financlal revlew The Statement of Financial Activities is set out on page 10. Overall, the charity made a net loss of £20,984 {before investrnent gains and10sses) for the year ended 31 December 202512024.. £73,819 surplus). Incorning resour5 totalied £602,247 12024= £620,760). Investment income was £15,399 {2024: £15,765). Investment gains aTTKMJnted to £26.625 in the year12024.. £11,903). The current year has seen higher visrtor numbers but the impact of continuing cost pressure, paTticularty on wage and food prices and one off costs has had an rnpact on our resu. Investment in education and garden staff has also irueased our cost base. We have however seen a positive inits'al response lo our"beyond the garden" fundraisiThJ campaign as noted in the curatorfs reFort. The number of visitors, induding re-wsrts and chiklren. was 37.29412024.. 34,0151. Resour expended tot811ed £623,321 an incrvase of 14% on 2024. In acix)rdance Vth Charities SORP IFRS 102) - Second editK>n October 2019. these have been split across our three principal actwities.
Willoughbridga Garden Trust Curator's report For the year ended 31 December 2025 2025 has very njch been a year of expansh)n forthe The vlIOUgh Garden Trust. Visitor nunt)ers and annual membership numbers continue their steady year on year increase. In 2025 Total visitor numbers stood at 37,294. This is approximatety 2.000 more than the prev$ 0rd total &hieved in 2023. Wh•re Th• New LorKI L8L¢coted... r*KJr si The phy&cal size of the garden has also increased to aIrrst 16 acres with the recent purchase of 3.5 acres of adjoining agricultural land on the Eastem side. This will provMJe a very exciting opportunity to expand the garden offering. It is planned to docJJment the developrrEnt to prowde opportunrfcies to sh(Mcase the increase in biodiversity which can be achieved in changing the land trom grade 3 agriculture to trees, shrubs, hedging and wildflowers. In the change of use pLanning application, we were able to show that the expected increase in biodiversity within the new area ts anticipated to be 260QA. Fencing will begin in February with planting and sowing taking place in 5pnng and then in aubtmn.
Illoughbridge Garden Trust Curator's report For the year ended 31 December 2025 In December we were able to form a nevi access to the area. The photcsrdph show5 some of the g8rden team one of the volunteers at work preparing the area for trlor Cess. The nexi step will be fencing. A fundraising campaign, '8eyond the Garden,, has Lwi launched to help create a nationalty recognised collection of trees. shrubs and wildflowers. This has initially been well supported by friends and members enabling"a strong start to the project. Ross Undewood joined us in April 2025 as the new Head Garde. He setded in very quickty having previously been a Trustee and knowing Ihe garden over many years. The whole garden team were very pleased to welcome him. Volunteers continue to be invaluable to the garden enabling us to reach ever rising Standards of horticulture. 2025 saw another record number of hours donated to the garden for whth we are extremely grateful. Online reviews of the garden have been consistentty 5 stsrs wth the siandard of planting and maintenance regulady called 'outstan¢Jing'.
Willoughbridge Garden Trust ststement of Financial Activities for the year ended 31 December 2025 2025 Unrestricteql Restrthd Funds Funds 2024 Total Lknrestrickd Funds FLV¥ 2024 PEstricl FurK15 2024 Tdal Funds Note Income froTh£ Donati($ and18pcie5 charitab actiMties Clher trajing tities 1nstrnents Cther Total incon 34.7 219,444 330,554 15,3 74, 205.417 271,697 15,765 45.109 119,978 21,417 277.697 15,765 1,903 620,7&) 219,444 330,554 15,399 2,070 575,253" e4J2,247 575.651 45,109 Expenditure on: chitab &tiMtes R2ising Funds Total 8xpenditure 287,875 321,537 fK@,412 13,819 JJ1.694 321,537 623,231 252,1725 276,125 528,150 18,791 270,818 276.125 546,941 13,819 18,791 Net Incomdlexpgndkure) beforg gains and losses on investThnts Net gainslliosses) on Inknnts (34,159} 1&175 I20.) 47.)1 26,318 73.819 26,25 11,9J3 11, Net inGomdlexpond*ure) (7,534) 13,175 5.641 59,404 26,318 85,722 Transfers batweon fvnds 732 {7321 Net movgrngnt in funds ReCOlI1at1on of funds: Total broUt forwdrd (7.534) 13.175 5.641 60, 136 25.5B6 845.813 129.088 974,)1 785,677 103,502 889,179 Totsl fuFThts carried forw 14 838.279 141263 980.542 845,813 129,088 974,901 l income and expendre derive from continuing athitses. The Statement of Financtal ActeS indudes all gains and bsses recognised in the year. The notes on pages 12 to 22 form part of these financial Strtents 10
Independent Examinerfs Report to the Trustee of Willoughbridge Garden Trust for the year ended 31 December 2025 I report to the charity trustees on my examination ofthe accryjnts of ihe charrty for the year ended 31 December 2025, which are set ¢xrt on paJes 10 to 22. Respeclive respon61bllhles of trustees and examlner As the charity's trustees of Wlloughbrbjge Garden Trust you are responsible forthe preparation of the accounts in a¢cortsnce with the requirements of the Charilies Act 20111'the Act'l. l port in respect of my examination of the WllcAJghbndge Garden Trust unt5 carried out under section 145 of the 2011 Act and in carrying out rny examinatK)n I have followed all the applicable Directions given by thè Charity Cornmissn under section 145151(b) ot the Act Independent examinerfs statement sin will0ughbrge Garden Trusys gross income exceeded £250,0110 your examiner musl be a member of a body listed in s¥tion 145 of the 2011 Act. I confimi that l am qualified to undertake the examination becaLtse l am a nEmber of Chartered Institijte of Manennt ACUn12nts, which is one of Ihe listed bodies. I have completed my exarnination. I confirm that no matters have rrE to my aitention in connection with the examination giving rne cause to belreve- 1. accounting records were not kept in resFect of Wlloughbridge Gden Trust as required by section 130 of the Act., or 2. the accounts do not accord with those re(xJrds,' or 3. the accounts do not comply wth the accounbng requiremerrt5 (xnceming the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 otherthan ary requirement that the accounts gNe a'true and fair view, whTrch ts not a matter consKlered as part of an independent examination. I have no concerns and have come across no other matters in ¢¢)nne¢tion wth the examination to which attenlion should be drawn in this rewt in order to enaESe a proper understanding of the accounts to be reached. Signe on 0510312025 Daryl Denson ACMA VAST The DLrdson Centre stoke on Trent ST15DD
Willoughbridge Garden Trust Trustee's Annual Report (continued) for the year ended 31 December 2025 Annual audit Under clause g of the conveyance ITrust Deed) dated 12 Aw'l 1958 the Trustee re501¥ed to dispense wilh the annual audit requirement and to comply wth the Charity Comini5sioner's normal rule5 which require an Independent EXaMinatn for a charity of our stte. Appointment of trustees Truslees of the Willoughbridge Garden Trust Ltd are appointed fr¢)m time to tim& to provtde 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 pmr lo formally being appointed. Appropriate induction and training is prowded rf ¢onsKlered necessary. Risk managemgnt The risks to whh the charity is expjsed are reviewed regulaty. The major rtsks include adverse weather conditions which have a detrirrEntal impact on the number of visitors to the garden and volatility in investment markets. System5 have been established to mttwjate these and all other signifficant risks to the extent that this is tKsssible. Going concern There are no risks Klentffied wtth the g(Hng cOnM slatus of the trust. For and on behalf of the Trustee Signed on 2nd March 2026 Sir B E F Fender, Chalman
Willoughbridge Garden Trust Trustee's Annual Report (continued) for the year ended 31 December 2025 Expenditure on chan"tsble activities totalled £301.694 compared to £270.816 in 2024 and is detaited in note 7. Govemance costs are no longer shown as a sepale line on the Statement of Financial Activities in accordance with Charities SORP (FRS 102) - Second editKJn OctoLw 2019. The c£tsts are allocated between expenditure on rasing funds and charttabie acbvities. The Trustee nltorS the Fevel of these costs on a regular basis. Support costs have been allocated xross the ¢hariVs principal actwities in line with Charities SORP {FRS 102) - send edition Octot¢r 2019. Investment gairLs11055es in the year are splrt betsveen realL%ed and UnrliSed reserves relating to the extent of the monies withdrawn from Ihe wrt1) in the peri11. Policy on reserves The Trustee's Fdicy is to maintain free reserves sLrffiC to cover anticipated capilal expenditure requirements and improvements to the collethon of plants, shrubs atMI trees, to provHle sUffiCnI working cawtal to finance the ¢hwty's operations dunng the winter mnths when the garden is closed for three days each week and to gerwale investment income and gains to help improve the sustainability of the garden. Free reserves anKJunted to apprOXirnate £386,000 on 31 December 202512024.. approxirnately £481,000). These are held as an income generation fund with the objects've of realising a Slrfficient return of Cats1 and irtrcome to enable the Trust to operate at an approxmate break-even posits'on. This polry over the last ten-year Fenod tffoadty &hieved this objective. The level of admission fees is restric by competition from Oth 8ttr*ions, and they are kept at a modest level in line with other gardens of a simiLar srLe and quality- In(x)me from this source is irssufficient to cover the mst of maintaining the garden to a high standard and the i[ue frorn the charty's investsllenls is wholty used to (x)ver the Srtfall. Investsnent pollcy The charity's investsment p)licy has been fcffiiulaigj aft taking full account of Part11 of the Trustee Act 2000 and the advice of their investnnt managers. The policy seeks to achieve the efficaent and prLent management of the Charity's ir)vestr)ents wth the aim of maximising the return on them. Goveming do¢umen¢ The Wlloughbridge Garden Trust is an unincorporated b¢xly consliluted by a conveyance and deed dated 12 April 1958, a supplemental deed dated 11 November 1958 as modified by a Scheme of the Secretary of State for Education and Science dated 8 June 1965 an(1 by SChe£s of the Charity Commissioners dated 11 August 1993 and 17 March 1998. The trLtstees of Wlloughbridge Garden Trust Ltd are invofved in all aspects of these procedures. Govgrnanco Procedures are in pL4ce to ensure that income, expendrture and performance are nItOred, and that appropriate management infomiation is prepared and reviewed reguL4rly. The system5 of intemal controls are designed to provide reasonab a&sutances against material misstaterTEnt or Ioss. They include.. A Strateg five-year plan An annual budget Regular consKlerats"on of financial results Delegation of day-to4ay management authority Identification and managerrent of risks_
Willoughbridge Garden Trust Balance Sheet for the year ended 31 December 2025 2025 2024 Nots Flxed assets Tangible assets Investments 418,359 517,083 935,442 32g,400 531,664 861,064 10 Current assets Stock Debtors Cash al bank and in hand 11 12 14,200 11,332 83,713 109,245 14,500 8,900 141,360 164,760 Credltors amounts falllng due wlhln on¢ yr 13 164,145) (50,923) Nel current assets Credltors :amounts falllng due after one year Nel assets 45,100 113,837 13 980,542 974.901 The funds of the charfty Unrestricted income funds Restricted irKome funds Totsl funds 838279 142,253 980,542 845,813 129,088 974,901 14 The financial statements were approved and aulhorised for issue by the Trustee on 2nd March 2026. Signed on behalf of the Trustees &gned on Sir B E F Fender. chaian The nots8 on pages 13 to 22 fomi part of these financial statem8nts 11
Willoughbridge Garden Trust Statement of Cash Flows For the year ended 31 December 2025 2025 2024 Cash flows from operating activities: Nel cash flow from operating acllvtties 16 12.617 103,412 Cash flows from investing aclfvltlos: Purchase of property plant and equipment Net ¢ash flow frcrfn Investlng actlvltles 125.268 125268 49,380 49,380 Sales of Investments Bank interest receiv8J 50,000 5,004 Net movement In and cash equlvalents 57,647 54,032 Cash and cash equivalents at beginning of year 141,360 87,328 Cash and cash equlvalents at end of year 83,713 141,360 The notes on pages 13 to 22 form part of these financial slatemenls 12
Willoughbridge Garden Trust Notes to the Accounts for the year ended 31 December 2025 1. Accountlng policios Summary of signlflcant accountlng pollcles and key accounting e5tirnates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistenty aptAied to all the years presented. unless otheise stated. statsmont of compliartce The financial statements have b prepared in acc(xdance wrth Charities statent of Recommended Practice (SORP}.' A(Lounting and Reporb"ng by chariti.es {20191 applicable to charities preparing their accounts in accord" ance wtth FRS 102 effe(ve frorn 1 January 2019, the Financial Reporting Standard applicable in the United KIn10M and Republic of Ireland {FRS 102), the Charities Act 2011 and UK Generaly Accepted Accountsng Praclice as it applies from 1 January 2015. Ba$1$ of preparation Mlloughbridge Garden Trust rts the definition of 8 public benerrt entity asdefined by FRS 102. A&8ets ané liabilities are initially recCned at hiStOral cost or transactm value unkn OtherSe ststed the accounting policy notes. Going concorn The trustees consider that there are no material uncertainties abrt the charrty's abilty tr) conlinue as a going concern nor any snificant areas of UnrtaInty that affect the carrying value of assets held by the charity. Incorning resources The value of all resources accruing to the Charity are recorded in the Statement of Financial Actwilies as soon as it is legalty entided to the incorne afterany perfom)ance C(l'0nS have been met, 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 peTK)d. No amount is included in the f nancial statements for volunteer bme in line with the SORP (FRS 1021. Further detail is given in the Tnjstee's Annual Repo For legacies, entittement is the eadier of the charity being notified of an impending distrtbubon or the legacy being received. At this point income is recognised. On occasion legaaes will be notified to the charrty however it is not possible to measure the amount expecled io distributed. On these occasions, the legacy is treated as a conts"ngent asseL and rt is disdosed rf Thwterial. Resources expended All expenditure is accounted for on an accrua15 basis and has classified under the headings that agggate all costs relating lo the category. Expendire is reccgnised where there is a legal or constwctive obligation lo make payments to third parties. il is probable that the settlement will b6 required, and the amount of the obligation Can be measured reliabty.11 is categorised underthe following headings-. Costs of raising fvnds includes (x)sts of generating vduntary income, fund-raising, trading and investment fees, plus a share of support costs. EXpedrfure on chaiitable activiti8s IudeS details of all ¢osts associated with the maintenan and developrnent ofthe garden dir•. Support Costs are those costs incutred in the support of the fund raising. govemance and charitable activities which cannot be diredy atln"buted. <veManCe costs comprtse all costs involving the public accountability of the charity and its compliance with regulaticffl and good practi. These costs include 13
Willoughbridge Gardan Trust Notes to the Accounts (continued) for the year ended 31 December 2025 cost related to independent examination fees. Support costs are Inrred diredy fvi support of expenditure on the objects ofthe chanty and are apporb.oned beeen the categories noted above either direcuy or on a basis (xinsistentwith the use of resources. In the rnain these apportionrnents have been made in relation to inixJrTE received. The anatysE of these costs is induded in note 6. Govemment grants Govemment grants are recognised based on the acc¥ual nde1 and are raSured at the fair value of the assel received or receivable. Grants are classtfied as reLating either to revenue or to assets. Grants relating to revenue are recognised in inrne over the wiod in which the related costs are recognised. Grants relating lo assets are recognised over the exF*Ct8J useful Itfe of the asset Where part of a grant relating to an asset is deferred. it is recognised as deferred inconE. Tangible fixed sets and depreclatk•n Tangible fixed assets are ststed at cost less lmUlated deprth0n. Depreciation is provided on a straigh14ine basis ¢alcukted to wnte off the cost of tangible assets, less estimated residual value, over their expected usefvl lives as fdk7•S.' Freehold land Freehold buildings Plant and machinery 4°A - 20QA pa 10%-50% pa Deprecation rates are variable to relt the econoffic lrfe ol the asset. Fixed as59ts inve5tm8nts and rnlatad income Investments are included in the balance sheet * market value. Gains and Losses are taken to the StaterrEnt of Financial Activities as they arise Realised gains and losse5 on investments are calculated as the difference behveen sale prweeds and opening market values (purchase dale if later). Unrealised gains and losses are calculated as the differen beeen the market value al year end and the opening market value lor purchase dale rf lalerl. We onty stK)w realised gains or losses separatety in the statement of Finanual Acty'vities that relate to anmxjnts that are ublised to direcuy benefit cash flow. stock stock is valued at the lower of cost and net realisaNe value.. Debtors and creditors receivable I payable within one year Debtors and creditors with no stated interest rate and eVable or payable within one year are recorded al transaction price. Any losses arising from impa'rment are recognised in expenditure. Fund accounting Unreslricled funds are available for use at the discretion of the Trustee to SFend on activities that fijrther any of the purposes of the charity and which have not been designated for any other purposes. Designated funds are unreslricted funds of the charity Wh the Iwstees have decided at treir discretion to set aside lo use for a specifi¢ purpose. The aim and use of any designaled fvnds is set out in the notes lo the financial stalements. Restricted fUrS are fvnds which the (knnor has sIfied are to te sdely used for particular areas of the Trusvs work or for specffic projects being undertaken by the charrty. 14
Willoughbridge Garden Trust Notes to the Accounts (continued) for the year ended 31 December 2025 1. A¢countlng polklos {contlnu•d Employee benerts The charty operates a defined contribution plan through NEST for the benefit of some of its employees. Contributions are expensed as they beco payable. Other employees. where eligible. are auto- enrolled into a NEST penSn scheme. 2. Donations and legacies Unrestrfctod Restrthd funds T(knl LlYeslrKXed Restricted furkls fu 2024 2024 Total 2025 2025 2024 th)Nqlior6 aTrJ grfts Legacy 34,780 45,11 50,447 69,531 119,978 69.531 74,869 34.780 45,109 3. Charitablo aGtivilies Total L&Yeslrided Restrkted furKIs fLnJs fuTrd5 2024 2024 Total fuTrJs 2C124 fund5 2025 funds Gate receipts memberslip 219,444 219.444 219,444 219.444 205,417 205.417 205.417 205.417 4. Othgr trading activities Unrestrfcted RestrKted funds funds 2025 Totsl ihestricted fund5 fLmds 2025 224 Restricted fUS 2ff24 Total funds 2024 Catering irtome Grft strK)p income otr IradiTrJ irOrne 196.717 37.707 43,273 2T7.697 196.717 37,707 43,273 277,697 41.269 40,865 330,554 41,269 40.865 5. Investrnents Unreslricted Restrictgd funds fund8 2025 2025 Total fund9 2025 Lknrestrted fu$ 2024 Restrded funds 2024 Total fdS 2024 Irwne from listed irNeslmerts Bank interest 10,395 10,395 9.358 6.407 15,765 9,358 6,407 15,765 15.399 15.399 15
Willoughbridgo Garden Trust Noles to the Accounts (continued) for the year onded 31 December 2025 6. Tolal expendIre. Drect Support & DIrt SuprL)rt & Costs gowBrnance costs 2024 Total 2025 2025 2024 al Sunxnary charitab &tiMbes p21ng funds 253,654 26 821 516475 301.694 200,009 217,349 417,358 37,539 45,881 237,548 263 230 500,778 Deprecialion of £13,819 is Irbjd in the restrithd ccfjts cl ch¥tt* actiifjtie5. Charitable Raising Fund5 2025 Total Charitab tivitie5 RalsirvJ Fund5 2024 Total AlloGation b} of 8UPPOrt costs cyrice sarIeS Cxher office running costs cl of governance costs Professional fees Insurances cirice salaries (Xhef office runnlng costs 2025 202S 2D24 2024 14617 20,314 19.088 24.828 3L705 45.142 14.110 17.004 17.245 20.782 31,355 37,786 1.376 4393 1755 859 4,131 14 9.762 Q123 5,tM9 3.043 9,180 50,837 92.431 dl Staff costs. trustee rgmunoration and expenses The average number of persons direcuy employed during the yearand their salary ar wage costs are set out below. Pension costs are allocated to activitEs in proportK)n to the related staffi.ng costs incurred and are wholty charged to UnreSlrted funds. Staff costs: 2025 2024 Wages and salaries So(ual securtty costs Dered contribution pension costs 332,331 22,349 18,952 373,632 310,652 17,127 13,529 341,308 staff numb•rs: The monthW average number of persons linduding senior management team) employed by the charity was 17{2024.181- The total employee benefrts ofthe key rronagement personnel of the Charity were £65.471 (2024.. £62.025) Trustee Remuneration No remuneration, directly or indirectly out of the funds of the thaty. was paid or payab for th8 year to any Trustee of WllcwJghbnd9e Garden Trust Ltd or to any person or person5 known lo be connected with any of them other than expenses of £1.571 12024. £1.620} were reimbursed to one trustee during the year in his role as a voluntser of Ihe Wlloughbridge Garden Trust. 16
illoughbridge Gard8n Trust Notes to the Accounts (continued) for the year ended 31 December 2025 7.Charltable Activitie6 2025 2024 G8rdenErs' wage costs Gale wage costs Dwect garden expErKliture D¥ect educatK)nal costs Depreciatv)n Support & gobErnare costs aljcated 162,458 17,475 48,371 1.410 152.865 15.691 37203 1.052 22,411 41.594 270,816 301,694 8.Raising Funds Tea room purchaw and wage costs Gift room purchases and wage costs Plants for resale Depreciath'on Support & governance costs all1xatl 204,782 34.682 10,988 12,369 58,716 321.537 170,414 36,593 8,423 9,858 5D,837 276,125 .Tan9ible fixed a$s8ts Freehold interest in land and buildings Plant and machinery Total At 31 December2024 Addriions Disposals At 31 December 2025 663210 . 110.620 125.409 14.648 4.3101 135,747 788,619 125.268 14,3101 909,577 n3M30 Depreciation At 31 December 2024 Charge for year On disposals At 31 December 2025 372.105 23.010 87.114 13.299 4.310 96.103 459,219 36,309 4,3101 491,218 395.115 Net book value: At 31 December 2025 378.71S 39.644 418,359 At 31 December 2024 291.105 38.295 329.400 All tsngible fixed assets are held by the charity for its own use on acttvilies and furtherance of its, objectives. The Trustee does not consider rt practcable lo quantsfy any differerKe beeen the net bwk value of its land and buildings and the market value. 17
Willoughbridge Garden Trust Notes to the Accounts {continued) for the year ended 31 December 2025 10. Investments and cash Realised Unrealised Market value at 31 DeCeMr 2025 Cash Total 4,864 21,761 513.121 3.962 517.083 11.903 528,068 3.596 531,664 Represented by. Fixed interest Investment funds Cash 20,507 7.561 3.596 513,121 3.962 517,083 492,631 4.452 531,664 448,390 83,274 Historiral ¢o$t at 31 December 2025 Unreatised investment gains at 31 December 2025 Matorial investments, representing in excess of 5% of the portfolio value are: Castlefiekj Risk Management General fund Castlefiekl Thoughtful Giowth PorttofK) fund 56.483 446.400 11. Stock %125 2024 Tea room stock. Grft room stock Plarrts 3.1)00 11,1)00 200 14200 3,0 11,500 14,500 12. Debtors 2025 2024 Prepayments Olhw debtor$ 7.485 3.847 11,332 5,445 3,455 8.90D 18.
Willoughbridge Garden Trust Notss to the Accounts (continued) for the year ended 31 Dgcember 2025 13. Credltors 2024 Trade Creditors Tayation aKI sccial security AccrLds Deferred 1cTE . 6.961 9.796 4.1 4,050 7,460 6,785 2,628 145 50 923 Deferr1 Ir at LEginnir¥J irf year Resource5 deferred in perirKI AnK)unts rekased fr( preMOUS Fwityj Deferred IrKcffle at end of year 32.628 31.119 28,236 32.628 Deferred income for the peri(Kl includes membership subscriptions paid for the following calendar year. deposits lor wedding bookings and advance ticket sales for various events. 14. hlovorn¢nt in fvnds ' Balance at Incoming Resourc05 Gainsl Balance at 1 January resources expended on 31 DecembeT 2025 investments 2025 Unrestrictsd funds DothY Clive Garden 680.924 575.253 (594.5411 26,625 688.261 Dgsignated fund5 MainlenanGe Fu Strategic Developmnent Fund Education Development Fund Total unrostrlcted funds 50.000 98.364 16.525 845.813 {5.076) 16.595) 3.200 {609.412) 44,924 91,769 13,325 838.279 $75,253 26.625 Restricted funds Awards for All Tractor shed-Garfield Weston GlaSslSe- Royal Botanical Jean Masters Dog Sheker HLF Emergency Funding Olwen Mcpherson Trust Upgrade DrNe Funds Undef£5,0 Total restri¢tod fund$ 25.657 25,657 12,341 45,960 36,190 13.515 SJ,575 38.427 532 20,208 5.150 621 129.088 {4,234) 14,6151 12,237) 15321 14,2801 I3) 621 {13.819 15,928 4,850 1,337 142,263 1.337 26.994 Total funds 974,901 601247 {623.231 26.625 980.542 19
Willoughbridge Garden Trust Notes to the Accounts (continued) for the year ended 31 December 2025 Balance at In¢(Thlng Resources Galnsl 1 January resources expended (losses) on 2024 knvestments Transfern Balance at 31 DMbe 2024 Unr8strlctad funds Dorothy CINe Garden 625.313 575.651 {518,6751 11.3 {13,268) 680,924 D8slgnat8d funds Maintenance Fund SITalegK Devel4)menl Fund Education Development Fund Total unrestricted funds ,000 98,364 12,000 785,677 50,OCM) 98.364 16,525 845.813 19,4751 (528,1501 14,OCKJ 732 575.651 11.3 Restrict funds . Trlor shed-GarfiebJ Weston Glasshou$e- Royal Botanical Jean Masters fkng Shelter HLF Emergency Fundi Olwen mCphS0n Trust Upgrade Drive Funds Under £5,000 Total rostrlcted funds 14,809 55,190 11.2341 14,6151 14.4901 11.C117) 14,2801 13001 12,865 118.7911 13,575 50,575 38,427 532 20,208 5,150 621 129.088 42.917 24,488 5,450 2,026 103.502 2,192 45.109 732 17321 Totsl funds 889.179 620,760 1546.941} 974,901 Fund Descriptions Unrestricted Funds General Funds Free reserves amounted to approximately £386.000 on 31 Dember 2025. These are held principally as an income generation fvnd with the obJ"ective of realising a sUent return of capital and income to enable the Trust to operate at an approximate break-even wsition. This PDlicy over the last ten-year period achieved this object've. Designaied Funds Maintsnanco Fund To cover the costs of major wairs arKI reno¥atian5 to building5 an(J equipment Strategic D8velopment Fund This has been set up to earmark funds for the ongoing development and 8xlension of the garden. Educational Development Fund To enable the further development and extensh)n of th8 educat prc*Jramme and to cover the associated costs incurred. 20
Willoughbridgo Garden Trust Notss to the Accounts (continued) for the year ended 31 December 2025 Purposes of Significant Regtrkted Funds Tractor Shed Funded by the Garfield Weston Trust1£25.Cw)O) This enabd the corstruction ofa purpose-built facility ftir machinery and twls and the demolition and redevdopment of the garden on the old site. Glasshouse The glasshouse construction was mainty funded by Royal Botan1 and Hoitultural sIety of Manchester and the Northem Countles £100.OW. the friends of the fkirothy Clive Garden and the Iliam Dean Environment Trust Olwen McPherson Trust Tris grant is to fund the construdion of a wooden buildirvJ ts'lhe exhibition of bees and related educational actiwties. Upgrade Drfve Project Part funded by The Friends of the Dorothy Clive Garden. Jean Mastets Dog Shelter This was a personal donation to fvnd the construction ofan outsKle shelter where dog owners Gan srt with their pets. Moving ForwardlAwards for All Monies raised to fund plant and fully develop new land acquired in 25. 15. Analysls of net assets by nd 2025 Unr6stri¢tad funds 301,853 517,083 83,488 (64,145} 83B,279 2025 Restricted funds 116,5C6 2025 Totsl funds 418,359 517,083 109.245 (64,145} 980,542 Fixed assets Investments Currenl assets Current liabilitses 25,757 142.263 2024 Unrestrictod funds 2(KJ.312 531,664 164,760 50,9231 845,813 2024 Restrictsd funds 129,088 2024 Total funds 329,4 531,664 164,760 50,923 974,901 Fixed assets Investments Current assets CLJrrent liabilities 129,088 21
Willoughbridge Garden Trust Notes to Ihe Accounts (continued) for the year ended 31 December 2025 16. Roconclllatlon of net èxpendliure to nat cash Inflow from 0ratIng a¢tlvltl¢s 2024 N•t incomel(expenditurel for the reporting period {as per tho Statement of financial activities) (20.984) 73,819 Adjusknents for. Depreciatun charges DNidends. interest and nts from inveslmerrts I1rreaseYdecrease in stocks Ilncreaselldecrease in debtors In¢ase1[decre8sel in creditors Net cash prowded by operatiThJ aclivities 36.309 113,798) 32,270 16.5341 2,250 28 1.579 103.412 12,4321 13.222 11617 Analysis of cash and cash equiyalents 2024 Cash in hand 83,713 83,713 141.360 141,360 17. Independent ExamineVs remunerallon The independent examine¢s fee is £800 {2024: £800). 18. Related Party Transactions There We no related parties, payments in the year. The total amount ofdonations received fromtrustees ofwlloughbridge Garden Trust Limited orother related parties lor the period was £1,28012024- £1.5101- 19. Financial Commitm&nts The chaiity had comtnitted purGhases at 31 De{mber 2025 of £nil12024.. £nil). 20. Legal Status of tho Charity The Willoughbridge Garden TTUSt is an unincorporated charity. regisiered with the Charity Commission for England and Wales and o)nstituted by a conveyance and deed dated 12 April 1958, a supplemental deed dated 11 November 1958 as nK*Jified by a Scheme ofthe Secretary of State for Education and Science dated 8 June 1965 and by sChens of Charity Commissioners dated 11 August 1993 and 17 March 1998. The address of the registered office i8 given in the charty information on page 2 of these fin8ncial staleinents. The nature of the charis operab.ons and principal actNities are described in the trustee's report on pages 64 of these financial statements and in the curator's report on pages 3-5.