THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED5 April 2025
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Scottish Charity Number: $C016908
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
CONTENTS
,
| Page | |
|---|---|
| Legal and administration information | 1 |
| Trustees’ report | 2 |
| Independent examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notestothefinancialstatements | 9 |
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Legal and administrative information
Trustees
Secretary
Principal Address
Bankers
The Co-Operative Bank Business Direct PO BOX 250 Skelmersdale WN86 6WT
Stockbrokers
Stockbrokers Evelyn Partners (formerly Tilney Bestinvest) Private Wealth Management 148 Morrison Street Edinburgh EH3 6EX — ae Independent Examiner Emma Marshall, CA MHA
Chartered Accountants 6 St Colme Street Edinburgh EH3 6AD
Scottish Charity Number $C016908
1
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Trustees’ Report (continued)
for the year ended 5 April 2025
Trustees’ responsibilities statement
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these accounts, the Trustees are required to:
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¢ select suitable accounting policies and then apply them consistently;
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¢ observe the methods and principles in the Charities SORP 2019 (FRS 102);:
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make judgements and estimates that are reasonable and prudent;
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e state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to
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presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 4 Chair of Trustees 1 September 2025
5
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
| report on the financial statements for the year ended 5 April 2025 set out on pages 7 to 17.
Respective responsibilities of Trustees and independent examiner
The charity’s Trustees are responsible for the preparation of the financial statements 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 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 independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the financial statements.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements:
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e to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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e to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
a 1 September 2025 Independent Examiner MHA
Chartered Accountants 6 St Colme Street Edinburgh EH3 6AD
6
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Statement of Financial Activities
(Incorporating Income and Expenditure Account) For the year ended 5 April 2025
| Note | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |||
| £ | £ | £ | £ | |||
| income from: | ||||||
| Donations and legacies | 2 | 163,460 | - | 163,460 | 87,500 | |
| Other trading income sale of books | 935 | - | 935 | 819 | ||
| Investment income | 3 | 7,659 | 25,896 | 33,555 | 26,184 | |
| Total income | 172,054 | 25,896 | 197,950 | 114,503 | ||
| Expenditure on: | ||||||
| Raising funds - Investment | ||||||
| management fees | 2,853 | 6,528 | 9,381 | 7,527 | ||
| Charitable activities | 4 | 83,002 | 18,921 | 101,923 | 116,886 | |
| Total expenditure | 85,855 | 25,449 | 111,304 | 124,413 | ||
| Net income/(expenditure) before | ||||||
| gainsand lossesoninvestments | 86.199 | aay | 86.646 | (9,910) | ||
| Net (losses)/gains on | ||||||
| investment assets | 7 | (8,033) | (35,333) | (43,366) | 38,317 | |
| : | Net income/(expenditure) | 78,166 | (34,886) | 43,280 | 28,407 | |
| Transfers between funds | (1,948) | 1,948 | - | - | ||
| Net movement infunds | 76,218 | (32,938) | 43,280 | 28,407 | ||
| Total funds brought forward | 9,10 | 378,098 | 1,024,990 | 1,403,088 | 1,374,681 | |
| Totalfundscarriedforward | 9,10 | 454,316 | 992,052 | 1,446,368 | 1,403,088 |
7
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
| Balance Sheet | |||
|---|---|---|---|
| as at 5 April 2025 | |||
| Note | 2025 | 2024 | |
| £ | £ | ||
| Fixed assets | |||
| Heritage assets | 6 | 2,800 | 2,800 |
| Investments | 7 | 1,239,144 | 853,746 |
| 1,241,944 | 856,546 | ||
| Current assets | |||
| Debtors | 8 | 3,469 | 40,000 |
| Cash on deposit with broker | 8,531 | 1,993 | |
| Cash at bank | 304,209 | 613,718 | |
| 316,209 | 655,711 | ||
| Liabilities: creditors due within one year | |||
| Grants and awards payable | (107,645) | (105,275) | |
| Accruals | (4,140) | (3,894) | |
| (111,785) | (109,169) | ||
| Net current assets | 204,424 | 546,542 | |
| Net assets | 1,446,368 | 1,403,088 | |
| Funds | |||
| Unrestricted funds: | |||
| General | 9,10 | 454,316 | 378,098 |
| 454,316 | 378,098 | ||
| Restricted funds: | |||
| Permanentendowment | 9,10 | 523,657 | 548,350 |
| DavisTaxonomic Research Fund | 9,10 | 24,996 | 17,418 |
| Heather Fairlie Fund | 9,10 | 194,154 | 201,164 |
| Balfour Fund | 9,10 | 249,245 | 258,058 |
| 992,052 | 1,024,990 | ||
| 1,446,368 | 1,403,088 |
The financial statements were approved and authorised for issue by the Trustees on 1 September eir behalf by:
Chair of Trustees
8
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Notes to the accounts
for the year ended 5 April 2025
- 1
Accounting policies
The significant accounting policies adopted in the preparation of the financial statements are set out below. These have been applied consistently to all years unless otherwise stated.
Basis of accounting
The financial statements have been prepared on a going concern basis under the historical cost convention as modified for the revaluation of listed investments. They are presented in sterling which is the functional currency of the charity rounded to the nearest £.
The financial statements have been prepared in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and Charities Accounts (Scotland) Regulations 2006 (as amended), the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice. The charity constitutes a public benefit entity as defined by FRS 102. Going concern The Trustees consider there are no material uncertainties about the Trust’s ability to continue as a going concern. Trustees have considered the impact of the current economic environment on the financial position and future performance of the charity and will continue to ensure grant awards are given only where there is sufficient income available to do so. Trustees are satisfied these efforts are sufficient and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
Income recognition
All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Interest on funds held on deposit is included upon notification of the interest paid or payable by the Bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure recognition
Expenditure is recognised once there is a constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classed under headings that aggregate all cost relating to the category. The charity is not registered for VAT, therefore all expenditure is stated gross of irrecoverable VAT.
|
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
.
9
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Notes to the accounts (continued)
for the year ended 5 April 2025
1 Accounting policies (continued)
Expenditure recognition (continued)
Grants payable are payments made to third parties in the furtherance of the charitable objects of the charity.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the cost of independent examination.
Heritage asset
The John Steell bust of Patrick Neill is reflected in its valuation at the time of its donation in 1992. No depreciation has been applied as its estimated useful life is indeterminable and therefore any depreciation charge applicable is considered immaterial.
Investments
investments are included at fair value at the year end. 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.
Debtors
Debtors are measured at their recoverable amount and included when reasonable certainty exists over their receipt.
Cash at bank in hand
Cash at bank and in hand include cash and short term highly liquid investments with a short maturity date of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured reliably.
Fund Accounting
Restricted funds are funds that can only be used for particular restricted purposes. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds are funds which have been earmarked by the Trustees for specific purposes. Unrestricted funds are funds which can be used at the discretion of the Trustees. Details of the nature and purpose of each fund is set out in the Report of the Trustees.
Taxation
The charity is exempt from tax on income and gains to the extent that these are applied to its charitable activities. No tax charges have arisen in the charity.
10
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Notes to the accounts (continued) for the year ended 5 April 2025
| 2 | Donations and legacies | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| General fund | 163,460 | 87,500 | |
| 3 | Investment income | 2025 | 2024 |
| £ | £ | ||
| Unrestrictedfunds | |||
| Dividends | 7,484 | 6,940 | |
| Interest | 175 | - | |
| 7,659 | 6,940 | ||
| Restrictedfunds | |||
| BalfourFund | |||
| Dividends | 3,351 | - | |
| Interest | 2,502 | 1,492 | |
| 5,853 | 1,492 | ||
| Davis Taxonomic Research Fund | |||
| Interest | 14,641 | 3,841 | |
| Dividends | 854 | 12,746 | |
| 15,495 | 16,587 | ||
| Heather Fairlie Fund | |||
| Dividends | 2,676 | - | |
| Interest | 1,872 | 1,165 | |
| 4,548 | 1,165 | ||
| 33,555 | 26,184 |
Investment income in the year totalled £33,555 (2024: £26,184) of which £7,659 (2024: £6,940) related to unrestricted funds and £25,896 (2024: £19,244) related to restricted funds.
11
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Notes to the accounts (continued) for the year ended 5 April 2025
| 4 | Charitable activities | 2025 | 2024 | |
|---|---|---|---|---|
| £ | £ | |||
| Grants andawards approvedorawarded during the year: | ||||
| GeneralFund | ||||
| Revision of Globb Tavern Visit to RBGEes... Centre for Biosystematics and Evolution, Indonesia |
2,460 860 |
- - |
||
| Taxonomic revision of Viola sub. Neoandinium sect. Rosulatae (Violaceae) | ||||
| in Peru. Visit to RBGE | 2,500 | - | ||
| Poster presentation at 8th Global BotanicGarden Congress Singapore | 1,200 | - | ||
| Taxonomic revision of the genus Cinchona (Rubiaceae) in Peru. Visit to |
||||
| RBGE | 2,500 | - | ||
| Attendance at the 12th International Mycological Conference in Maastricht, | ||||
| Netherlands to present a Sibbald funded project | 1,265 | - | ||
| Publishing updated 1UCN Red List status of Rhododendron |
(Ericaceae) | |||
| subsection Maddenia species | 2,500 | - | ||
| The genusAeschynanthus in New Guinea and Solomon Islands | 11,782 | - | ||
| Cyperaceae of Nepal: contributing to the Flora of Nepal. Volume | 9 | 6,900 | - | |
| A revision to the ginger genus Epiamomum A.D. Poulsen & Skornick | 11,985 | - | ||
| Optimizing destructive sampling of herbarium specimens with data-driven | ||||
| policy | 3,150 | - | ||
| Taxonomy of Amazonian trees: taxonomic revision, biogeography and trait | ||||
| evolution ofthe florally distinct legume Aldina | 12,000 | - | ||
| Open Ecosystem Orchids: a means to better understand the biogeography | ||||
| ofopen-ecosystems | 11,369 | - | ||
| Phylogeny ofthe charismatic peas and vetches (tribe Fabeae, Leguminosae | 12,000 | - | ||
| ae cing a legacyfrom theArchives Student work placement for 2 students Diversityof Plants ofNewGuinea -2dayvisittoRBGEii a stecyVisit UK BotanicGardens |
3,557 - - - |
- 2,554 350 2,000 |
||
| Taxonomic revision ofThomasiifolium clade ofSolanum (Solanaceae) | - | 2,500 | ||
| Sikkim Rhododendrons - red listing and conservation collections | ~ | 2,500 | ||
| Expedition to North Vietnam October 2023 | - | 2,500 | ||
| Advancing Stereocaulon taxonomy and diversity studies |
photobiant | |||
| associations in the Svesuvianum complex | - | 2,435 | ||
| Nomenclature and synonymy ofWeinmannis (Cunoniaceae) in the Norther | ||||
| Andes | - | 2,250 | ||
| A floristic and Molecular Study of Polytrichaceae in the Himalaya | - | 3,000 | ||
| Taxonomy and Biogeography of Dryopteris on Mt Kinabalu | - | 2,200 | ||
| Floral ontogeny and Mophology ini Assessing the | ||||
| Androecium Structure and its implications in reproduction | - | 3,998 | ||
| Eriosema phylogenomics (Leguminosae - Papilionideae); an amphiatlantic | ||||
| genus, recent and adapted to the tropical savannah | : | 6,216 | ||
| Genetic diversity ofAneura murbilis and relatives | - | 16,330 | ||
| Travel grant to Nepal for Poaceae research | - | 1,300 | ||
| Commitments written back | (1,733) | (1,908) | ||
| (Under)/overspends on projects | (3,421) | 347 | ||
| 80,874 | 48,572 |
12
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Notes to the accounts (continued) for the year ended 5 April 2025
| 4 | Charitable activities (continued) | 2025 | 2024 | |
|---|---|---|---|---|
| £ | £ | |||
| Davis Taxonomic Research Fund | ||||
| Filling the void: Advancing taxonomy | of Inga from the Colombian Andes | 10,667 | - | |
| A revision ofGentiana in Nepal and surrounding regions: contributing to | ||||
| Gentianaceae for Flora of Nepal | 6,630 | - | ||
| Exotic conifer associated fungi in Scotland | - | 12,000 | ||
| Taxonomic revision ofOceaniopteris; | A malesian genus of hard-ferns | - | 9,900 | |
| The Malabaric Conundrum; Taxonomic clarification and typification ofthe | ||||
| cane begonias of Sri Lanka and the Western Ghats | - | 16,899 | ||
| Taxonomic revision ofthe Oleaceae forthe Flora of Nepal | - | 13,989 | ||
| Building a multi-access key to the mega-diverse genus Solanum | - | 1,570 | ||
| (Under)/overspendson projects | (446) | (68) | ||
| 16,851 | 54,290 | |||
| CFJenkins Fund | ||||
| CF Jenkins project | - | 10,000 | ||
| Total | 97,725 | 112,862 | ||
| 2025 | 2024 | |||
| £ | £ | |||
| Total grants | 97,725 | 112,862 | ||
| Support costs | ||||
| Bank and othercharges | 58 | 130 | ||
| Governance costs (note 5) | 4,140 | 3,894 | ||
| 4,198 | 4,024 | |||
| 101,923 | 116,886 |
Charitable expenditure in the year totalled £101,923 (2024: £116,886) of which £83,002 (2024: £50,648) related to unrestricted funds and £18,921 (2024: £66,238) related to restricted funds.
| 5 | Governance costs Davis |
|---|---|
| Taxonomic | |
| General Research Total Total |
|
| Fund Fund 2025 2024 |
|
£ £ £ £ |
|
| - Independentexaminer’sfee 2,070 2,070 4,140 3,894 |
13
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Notes to the accounts (continued)
for the year ended 5 April 2025
6 Heritage Assets
| Heritage Assets | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| JohnSteellbustofPatrickNeill(1776-1851) | 2,800 | 2,800 |
Part of a 1992 legacy from Professor P H Davis and valued by Christies at that time.
| 7 | Investments | Davis | |||||
|---|---|---|---|---|---|---|---|
| Taxonomic | Balfour | Heather | |||||
| General | Research | Burtt | Fairlie | Total | Total | ||
| Fund | Fund | Fund | Fund | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | £ | ||
| Market value at 5 | |||||||
| April 2024 | 305,299 | 548,344 | - | - | 853,643 | 821,276 | |
| Acquisitions at cost | 41,499 | 90,563 | 247,647 | 198,502 | 578,211 | 95,322 | |
| Disposals proceeds | (48,710) | (105,121) | (486) | (389) | (154,706) | (101,272) | |
| Net (losses)/ gains on | |||||||
| revaluation | (8,033) | (10,534) | (13,875) | (10,924) | (43,366) | 38,317 | |
| Investments value at | |||||||
| 5 April 2025 | 290,055 | 523,251 | 233,286 | 187,189 | 1,233,782 | 853,643 | |
| Cash held on deposit | 1,657 | 405 | 2,047 | 1,253 | 5,362 | 103 | |
| Market value at 5 | |||||||
| April 2025 | 291,712 | 523,656 | 235,333 | 188,442 | 1,239,144 | 853,746 | |
| Historical cost at 5 | |||||||
| April 2025 | 272,872 | 510,173 | 249,210 | 199,367 | 1,231,622 | 794,046 | |
| 8 | Debtors | 2025 | 2024 | ||||
| £ | £ | ||||||
| Accrued income | 3,469 | - | |||||
| Legacies receivable | - | 40,000 | |||||
| 3,469 | 40,000 |
14
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Notes to the accounts (continued) For the year ended 5 April 2025
| 9 | Movement in funds | ||||||
|---|---|---|---|---|---|---|---|
| At6 April | income | Expenditure | Gain/(loss) | Transfers | At 5 April | ||
| 2024/25 | £ | £ | £ | £ | £ | ||
| Unrestricted funds: | |||||||
| General | 378,098 | 172,054 | (85,855) | (8,033) | (1,948) | 454,316 | |
| 378,098 | 172,054 | (85,855) | (8,033) | (1,948) | 454,316 | ||
| Restricted funds: | |||||||
| Davis Taxonomic Research | Fund: | ||||||
| -Permanentendowment | 548,350 | - | (5,103) | (10,534) | (9,056) | 523,657 | |
| - Revenue | 17,418 | 15,495 | (18,921) | - | 11,004 | 24,996 | |
| Heather Fairlie Fund | 201,164 | 4,548 | (634) | (10,924) | - | 194,154 | |
| BalfourFund | 258,058 | 5,853 | (791) | (13,875) | - | 249,245 | |
| 1,024,990 | 25,896 | (25,449) | (35,333) | 1,948 | 992,052 | ||
| Total funds at 5 April2025 | 1,403,088 | 197,950 | (111,304) | (43,366) | - | 1,446,368 | |
| 9 | Movement in funds | ||||||
| At6 April | Income | Expenditure | Gain/(loss) | Transfers | At 5 April | ||
| 2023/24 | £ | £ | £ | £ | £ | ||
| Unrestricted funds: | |||||||
| General | 352,454 | 85,259 | (53,341) | 15,341 | (21,615) | 378,098 | |
| Balfour Fund (designated) | 6,594 | - | - | - | (6,594) | - | |
| 359,048 | 85,259 | (53,341) | 15,341 | (28,209) | 378,098 | ||
| Restricted funds: | |||||||
| Davis Taxonomic Research | Fund: | ||||||
| -Permanent endowment | 538,480 | - | (4,834) | 22,976 | (8,272) | 548,350 | |
| -Revenue | 27,153 | 16,588 | (56,238) | - | 29,915 | 17,418 | |
| Heather Fairlie Fund | 200,000 | 1,164 | - | - | - | 201,164 | |
| BalfourFund | 250,000 | 1,492 | - | - | 6,566 | 258,058 | |
| CFJenkins | - | 10,000 | (10,000) | - | - | - | |
| 1,015,633 | 29,244 | (71,072) | 22,976 | 28,209 | 1,024,990 | ||
| Totalfundsat5April2024 | 1,374,681 | 114,503 | (124,413) | 38,317 | - | 1,403,088 |
15
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Notes to the accounts (continued) For the year ended 5 April 2025
10 Analysis of net assets between funds
| General | Restricted | ||
|---|---|---|---|
| (unrestricted) | Funds | Total | |
| £ | £ | £ | |
| Investments | 291,712 | 947,432 | 1,239,144 |
| Heritage assets | 2,800 | - | 2,800 |
| Net current assets | 159,804 | 44,620 | 204,424 |
| At 5 April 2025 | 454,316 | 992,052 | 1,446,368 |
| Investments | 305,396 | 548,350 | 853,746 |
| Heritage assets | 2,800 | - | 2,800 |
| Net current assets | 69,902 | 476,640 | 546,542 |
| At5April2024 | 378,098 | 1,024,990 | 1,403,088 |
Purposes of funds:
Designated funds
The Balfour fund is a designated fund set aside by trustees to support work of a taxonomic nature on flowering plants by experienced botanists. During the year, trustees decided to release the designated fund as there is a separate restricted fund of the same name held for the same purpose.
Restricted funds
The Davis Taxonomic Fund was created following the receipt of a substantial legacy from Professor fF Edinburgh University’s Botany Department to support taxonomic research. The fund comprises a permanent endowment and a restricted revenue fund, which is available for distribution.
The Heather Fairlie Fund was created following the receipt of a substantial legacy from Heather Salzen to support students and other persons from outwith Europe and North America in education, training or research at the Royal Botanic Garden, Edinburgh, in furtherance of promoting and encouraging botanical and horticultural research and conservation in those countries.
The Balfour Fund was created following the receipt of a substantial legacy from a. support taxonomic research on flowering plants only.
16
THE EDINBURGH BOTANIC GARDEN (SIBBALD) TRUST
Notes to the accounts (continued)
For the year ended 5 April 2025
11 Trustee remuneration and expenses
No Trustee received any remuneration or reimbursement of expenses during the year (2024: Nil).
No staff are employed by the charity and consequently no one received emoluments of more than £60,000 in the year (2024: Nil).
12 Related party transactions
There were no transactions with related parties in the current or prior year.
13 Contingent asset
The Trust was notified last year that they are a named beneficiary in the estate a 0UttttCiCd HE edge. The Trust is entitled to a 1/6 share of the estate. £140,000 was received in interim payments during 2024/25, with the balance likely to follow in 2025/26. As the estate has not yet been fully settled, it is not possible to quantify the value of the remaining legacy.
17