**REGISTERED CHARITY NUMBER: SC007298**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026**
## **FOR**
## **GALLOWAY HOUSE GARDENS TRUST**
Bell Ogilvy Chartered Accountants 36 King Street Castle Douglas Dumfries & Galloway DG7 1AF
**GALLOWAY HOUSE GARDENS TRUST**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7 to 14|
|**Detailed Statement of Financial Activities**|15 to 16|
**GALLOWAY HOUSE GARDENS TRUST**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2026**
The Trustees present their report with the financial statements of the charity for the year ended 5 April 2026. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects for which the Trust is established are principally to maintain the historic integrity of Galloway House Gardens at Garlieston to promote and encourage public access and make use of the grounds for the purposes of recreation and leisure, for the benefit, enjoyment and social welfare of the public.
## **Significant activities**
Galloway House Gardens are located on the Solway coast in the part of Galloway known as The Machars, close to the village of Garlieston in Wigtownshire. (Galloway House does not form part of the trust and is in separate, private ownership and is not open to the public).
The main activity is the maintenance and management of the Gardens, which have substantial historical and scenic significance. The Trust has a formal management plan already in place that detail our overall strategy to restore and develop the Gardens and woodlands to maintain their historic integrity and format and to promote and to enhance public access. A copy of the management plan is available upon request.
The Trustees continue to operate a maintenance programme, within the confines of our resources and continue to strive to improve the Trust's income. Our principle and regular sources of income are two holiday cottages owned by the Trust, entrance fees via the ticket machine in the car park, season tickets, voluntary donations and seasonal sales of firewood and produce, that collectively provide a valuable contribution towards the continued upkeep and administration of the Trust
There are three Trustees and whilst it is not restricted to this number, at the moment we consider it an appropriate level given the size of the Trust.The Gardens & Grounds are open to the public from 1 March to 31 October each year - although by prior appointment access can be arranged at other times of the year.
## **Volunteers**
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Page 1
**GALLOWAY HOUSE GARDENS TRUST**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2026**
## **OBJECTIVES AND ACTIVITIES Chairman's report**
I report the situation and general events within the year under review.
Activities in arboretum have mainly centred around tree surgery and clearance of fallen timber and general maintenance. The condition of the mature trees is of ongoing concern, as, inevitably, they are suffering from age related decline and while regularly monitored and actioned for safety, the impact of their losses is profound.
I am pleased to report that the refurbishment of the Vinery, our principal glasshouse, has nearly reached completion, ready to open this summer (2026). A visitor seating area has been created in the adjoining building for use by visitors and working groups to add and improve the experience & facilities within the walled garden. The entrance door to that section of the walled garden has been modified and fitted with an electronic payment terminal for access. It is hoped that the revenue generated will make a useful contribution to the general maintenance of the Vinery.
The holiday cottage bookings are up on the previous year, and while cost of maintenance has proportionately increased the net result was positive. Car park entrance fees also showed an encouraging increase on the previous year.
Despite the various economic and political challenges, the Trust investment portfolios have maintained their value well over the last 12 months, so I am satisfied with the overall performance and to continue with our current medium-low risk investment approach.
Notwithstanding the scale of the task of managing an historic coastal garden & woodland policies, the Trustee's continued underlying endeavour is to maximise our available resources to enhance and improve the gardens and facilities to strive to provide the most rewarding recreational public space possible.
I would like to record my great appreciation of the voluntary contribution, time and effort of all the Trustees. I'm sorry to announce that David Miller, our regular & enthusiastic garden maintenance contractor, has left us earlier in the year. I would like to thank him for his dedicated support and service over the years. Also, to thank Shaun and Lyndene Adamson for stepping into the breach so willingly. I would like to record our thanks for the invaluable support of all our visitors and contributors. Lastly, a special mention to Mrs Susan Roper-Caldbeck for her loyal voluntary administrative support, on behalf of the Trust.
## **FINANCIAL REVIEW**
## **Financial position**
Our main source of income is from the holiday cottages supported by the investment portfolio and from visitors and donors.
Revenue receipts for the year amounted to £74,402, a decrease from the previous year's receipts of £76,812. Payments amounted to £84,611 down from £89,669 in the previous year. As a result, there is a deficit of £10,209 (2025: £12,857) before taking account unrealised gains and losses on the investment portfolio. Total reserves held at the year end were £765,404, of which £305,603 were restricted funds.
## **Investment policy and objectives**
The investment policy is aimed at maintaining the real value of the General Fund over a period of years and thereby providing a reasonable level of income to meet the requirements of the Trust. During the period the Trustees reviewed the investments with the professional advisers. The Stockbrokers have discretionary powers in relation to the management of the listed investments and exercise these within the agreed investment policy. The market value of the investments as at 5 April 2026 was £475,732 (£443,165 at 5 April 2025) compared to the cost of £380,398 (£398,410 at 5 April 2025).
Page 2
**GALLOWAY HOUSE GARDENS TRUST**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2026**
## **FINANCIAL REVIEW**
## **Reserves policy**
The Trustees seek to ensure that sufficient funds are held in reserve, including capital, to meet necessary expenditure for at least two years in the event of a substantial reduction in income.
## **RISK MANAGEMENT**
The Trustees have considered the major risks to which the trust assets are exposed and have taken appropriate steps to seek to limit these risks.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Galloway House Gardens Trust was established by a Deed of Trust by Mr and Mrs E A Strutt in 1987. The Trust was recognised by the Inland Revenue as a charity in 1987.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
SC007298
## **Principal address**
Garlieston NEWTON STEWART Wigtownshire DG8 8HF
## **Trustees**
A S Roper-Caldbeck Chairman R S Walter R A Baines
## **Independent Examiner**
Bell Ogilvy Chartered Accountants 36 King Street Castle Douglas Dumfries & Galloway DG7 1AF
02/07/2026
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. A S Roper-Caldbeck - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GALLOWAY HOUSE GARDENS TRUST**
I report on the accounts for the year ended 5 April 2026 set out on pages five to fourteen.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention :
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mrs Eilidh J Harman BA (Hons) CA The Institute of Chartered Accountants of Scotland
Bell Ogilvy Chartered Accountants 36 King Street Castle Douglas Dumfries & Galloway DG7 1AF 02/07/2026 Date: .............................................
Page 4
**GALLOWAY HOUSE GARDENS TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2026**
**----- Start of picture text -----**
2026 2025
Unrestricted Restricted Total Total
funds fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 400 - 400 10,850
Charitable activities
Garden maintenance 13,262 - 13,262 14,296
Other trading activities 2 690 - 690 -
Investment income 3 55,115 4,799 59,914 51,666
Other income 136 - 136 -
Total 69,603 4,799 74,402 76,812
EXPENDITURE ON
Raising funds 4 28,971 1,622 30,593 24,390
Charitable activities
Garden maintenance 58,441 (4,423) 54,018 65,279
Total 87,412 (2,801) 84,611 89,669
Net gains/(losses) on investments 30,463 25,153 55,616 (14,783)
NET INCOME/(EXPENDITURE) 12,654 32,753 45,407 (27,640)
Transfers between funds 13 12,000 (12,000) - -
Net movement in funds 24,654 20,753 45,407 (27,640)
RECONCILIATION OF FUNDS
Total funds brought forward 435,147 284,850 719,997 747,637
TOTAL FUNDS CARRIED FORWARD 459,801 305,603 765,404 719,997
**----- End of picture text -----**
The notes form part of these financial statements
Page 5
**GALLOWAY HOUSE GARDENS TRUST**
## **BALANCE SHEET 5 APRIL 2026**
**----- Start of picture text -----**
2026 2025
Unrestricted Restricted Total Total
funds fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 7 139,900 109,751 249,651 246,804
Investments 8 283,194 192,538 475,732 443,165
423,094 302,289 725,383 689,969
CURRENT ASSETS
Debtors 9 1,107 - 1,107 640
Cash at bank 42,851 3,314 46,165 43,365
43,958 3,314 47,272 44,005
CREDITORS
Amounts falling due within one year 10 (7,251) - (7,251) (12,510)
NET CURRENT ASSETS 36,707 3,314 40,021 31,495
TOTAL ASSETS LESS CURRENT
LIABILITIES 459,801 305,603 765,404 721,464
CREDITORS
Amounts falling due after more than one year 11 - - - (1,467)
NET ASSETS 459,801 305,603 765,404 719,997
FUNDS 13
Unrestricted funds 459,801 435,147
Restricted funds 305,603 284,850
TOTAL FUNDS 765,404 719,997
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 02/07/2026
.............................................
A S Roper-Caldbeck - Trustee
The notes form part of these financial statements
Page 6
**GALLOWAY HOUSE GARDENS TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026**
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Going concern**
The financial statements have been prepared on a going concern basis. The executive committee has assessed the charity’s ability to continue as a going concern and has reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **EXPENDITURE**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **TANGIBLE FIXED ASSETS**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
- 25% on reducing balance
## **TAXATION**
The charity is exempt from tax on its charitable activities.
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **FINANCIAL INSTRUMENTS**
Cash and cash equivalents comprise cash on hand and call deposits, and other short term high liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade Debtors**
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.
Page 7
continued...
**GALLOWAY HOUSE GARDENS TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2026**
## **1. ACCOUNTING POLICIES - continued**
## **FINANCIAL INSTRUMENTS**
Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.
## **Trade Creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Accounts payable are classified as current liabilities if the organisation does not have conditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are represented as non current liabilities.
## **Borrowings**
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of financial activities over the period of the relevant borrowing.
## **Provisions and contingencies**
Provisions are recognised when the organisation has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.
## **Fixed Asset** Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value
and subsequently measured at their fair value as at the balance sheet date using the closing quoted market
price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The Trust does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
## **Realised gains and losses**
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying
value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains
and losses are calculated as the difference between the fair value at the year end and their carrying value.
Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
Page 8
continued...
**GALLOWAY HOUSE GARDENS TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2026**
## **2. OTHER TRADING ACTIVITIES**
|Sale of scrap
**3.**
**INVESTMENT INCOME**
Cottage lets
UK dividends
Fixed interest
Overseas dividends
Bank interest
**4.**
**RAISING FUNDS**
**INVESTMENT MANAGEMENT COSTS**
Portfolio management
Cottage expenses|2026
£
690
2026
£
47,551
8,464
3,048
576
275
59,914
2026
£
3,982
26,611
30,593|2025
£
-
2025
£
39,717
8,609
1,376
1,699
265
51,666
2025
£
3,976
20,414
24,390|
|---|---|---|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 5 April 2026 nor for the year ended 5 April 2025.
## **TRUSTEES' EXPENSES**
During the year three Trustees received expense payments totalling £1,087 (2025: £720) for reimbursement of mileage and business expenses.
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
10,850
**Charitable activities**
Garden maintenance
14,296
Investment income
46,932
**Total**
72,078
**EXPENDITURE ON**
Raising funds
22,725|Restricted
fund
£
-
-
4,734
4,734
1,665|Total
funds
£
10,850
14,296
51,666
76,812
24,390|
|---|---|---|
Page 9
continued...
**GALLOWAY HOUSE GARDENS TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2026**
**----- Start of picture text -----**
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds fund funds
£ £ £
Charitable activities
Garden maintenance 45,539 19,740 65,279
Total 68,264 21,405 89,669
Net gains/(losses) on investments (8,501) (6,282) (14,783)
NET INCOME/(EXPENDITURE) (4,687) (22,953) (27,640)
Transfers between funds 2,583 (2,583) -
Net movement in funds (2,104) (25,536) (27,640)
RECONCILIATION OF FUNDS
Total funds brought forward 437,251 310,386 747,637
TOTAL FUNDS CARRIED FORWARD 435,147 284,850 719,997
7. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£ £ £
COST
At 6 April 2025 242,347 23,127 265,474
Additions - 4,495 4,495
-
Disposals (1,610) (1,610)
At 5 April 2026 242,347 26,012 268,359
DEPRECIATION
-
At 6 April 2025 18,670 18,670
-
Charge for year 1,084 1,084
-
Eliminated on disposal (1,046) (1,046)
-
At 5 April 2026 18,708 18,708
NET BOOK VALUE
At 5 April 2026 242,347 7,304 249,651
At 5 April 2025 242,347 4,457 246,804
**----- End of picture text -----**
The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each period.
Page 10
continued...
**GALLOWAY HOUSE GARDENS TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2026**
## **8. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
|**MARKET VALUE**
At 6 April 2025
Additions
Disposals
Revaluations|Listed
investments
£
443,165
36,128
(54,139)
50,578|
|At 5 April 2026|475,732|
|**NET BOOK VALUE**
At 5 April 2026|475,732|
|At 5 April 2025|443,165|
The listed investments held are all dealt with on a UK Stock Exchange.
The listed investments may be summarised as follows:
|Historic cost
at 5 April 2026
Fixed interest securities - registered in the UK
90,218
Equities and Unit Trusts / OEICs - registered in the UK
226,761
Equities and Unit Trusts - OEICs - registered in Jersey, Guernsey
or Ireland
36,618
Equities and Unit Trusts / OEICs - Asia Pacific ex Japan
11,000
Property companies - registered in the UK
12,795
Alternatives
3,006|Market value
at 5 April 2026
88,896
305,162
57,889
10,905
9,503
3,377|
|---|---|
|380,398|475,732|
Cost or valuation at 5 April 2026 is represented by:
|Valuation in 2017
Valuation in 2018
Valuation in 2019
Valuation in 2020
Valuation in 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024
Valuation in 2025
Valuation in 2026
Cost|Listed
investments
£
21,067
(1,364)
8,620
(101,539)
126,939
20,799
(21,815)
6,463
(14,544)
50,578
380,528|
|---|---|
||475,732|
Page 11
continued...
**GALLOWAY HOUSE GARDENS TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2026**
## **9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 12)
Trade creditors
Other creditors
**11.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 12)
**12.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years||2026
£
571
536
1,107
2026
£
1,467
1,928
3,856
7,251
2026
£
-
2026
£
-
1,467
1,467
-|2025
£
640
-
640
2025
£
2,569
9,217
724
12,510
2025
£
1,467
2025
£
369
2,200
2,569
1,467|
|---|---|---|---|
Page 12
continued...
**GALLOWAY HOUSE GARDENS TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2026**
## **13. MOVEMENT IN FUNDS**
|Net
movement
At 6.4.25
in funds
£
£
**Unrestricted funds**
General fund
210,211
(19,494)
Joan Strutt Charitable Trust
224,936
32,148
435,147
12,654
**Restricted funds**
Joan Strutt Charitable Trust
284,850
32,753
**TOTAL FUNDS**
719,997
45,407
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
63,959
(85,510)
Joan Strutt Charitable Trust
5,644
(1,902)
69,603
(87,412)
**Restricted funds**
Joan Strutt Charitable Trust
4,799
2,801
**TOTAL FUNDS**
74,402
(84,611)
**Comparatives for movement in funds**
Net
movement
At 6.4.24
in funds
£
£
**Unrestricted funds**
General fund
200,845
(317)
Joan Strutt Charitable Trust
236,406
(4,370)
437,251
(4,687)
**Restricted funds**
Joan Strutt Charitable Trust
310,386
(22,953)
**TOTAL FUNDS**
747,637
(27,640)|Transfers
between
At
funds
5.4.26
£
£
17,000
207,717
(5,000)
252,084
12,000
459,801
(12,000)
305,603
-
765,404
Gains and
Movement
losses
in funds
£
£
2,057
(19,494)
28,406
32,148
30,463
12,654
25,153
32,753
55,616
45,407
Transfers
between
At
funds
5.4.25
£
£
9,683
210,211
(7,100)
224,936
2,583
435,147
(2,583)
284,850
-
719,997|
|---|---|
Page 13
continued...
**GALLOWAY HOUSE GARDENS TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2026**
## **13. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Joan Strutt Charitable Trust|Incoming
Resources
Gains and
resources
expended
losses
£
£
£
66,667
(66,403)
(581)
5,411
(1,861)
(7,920)|Movement
in funds
£
(317)
(4,370)|
|---|---|---|
|**Restricted funds**
Joan Strutt Charitable Trust|72,078
(68,264)
(8,501)
4,734
(21,405)
(6,282)|(4,687)
(22,953)|
|**TOTAL FUNDS**|76,812
(89,669)
(14,783)|(27,640)|
Purpose of Unrestricted Funds:
General - for the general purposes of the charity.
Purpose of Restricted Funds:
Joan Strutt Charitable Trust - the purpose of this grant is to provide facilities in the interest of social welfare for recreation and leisure time occupation for the benefit of the public in particular by maintenance and management of the Gardens for recreational and other purposes for the benefit and enjoyment of the public and (without prejudice to the generality of the foregoing) with particular regard to fostering the enjoyment of the Gardens by persons suffering from mental or physical disability and to provide relief of those in need because of age, ill-health or disability. 50% of this grant has been provided towards the normal purposes of the charity so has been allocated as an unrestricted designated fund.
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 5 April 2026.
Page 14
**GALLOWAY HOUSE GARDENS TRUST**
**DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2026**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants received|2026
£
-
400|2025
£
10,850
-|
|---|---|---|
|**Other trading activities**
Sale of scrap
**Investment income**
Cottage lets
UK dividends
Fixed interest
Overseas dividends
Bank interest|400
690
47,551
8,464
3,048
576
275|10,850
-
39,717
8,609
1,376
1,699
265|
|**Charitable activities**
Entrance fees & season tickets
Bulb and firewood sales|59,914
12,587
675|51,666
11,366
2,930|
|**Other income**
Gain on sale of tangible fixed assets|13,262
136|14,296
-|
|**Total incoming resources**
**EXPENDITURE**
**Investment management costs**
Portfolio management
Cottage expenses|74,402
3,982
26,611|76,812
3,976
20,414|
||30,593|24,390|
|**Charitable activities**|||
|Maintenance|33,596|45,880|
|Parking meter costs|1,348|1,574|
|Fuel costs|6,677|7,020|
|Insurance|6,866|5,491|
|Posts, stat. and other cost|560|706|
|Bank charges|918|984|
|Trustees' travel & meetings|1,087|720|
|Plant and machinery|1,084|1,129|
|Carried forward|52,136|63,504|
This page does not form part of the statutory financial statements
Page 15
**GALLOWAY HOUSE GARDENS TRUST**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2026**
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2026 2025
£ £
Charitable activities
Brought forward 52,136 63,504
Bank loan interest 64 119
52,200 63,623
Support costs
Governance costs
Independent Examination 1,818 1,656
Total resources expended 84,611 89,669
Net expenditure before gains and losses (10,209) (12,857)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments 5,038 (239)
Net expenditure (5,171) (13,096)
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This page does not form part of the statutory financial statements
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