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2025-03-31-accounts

Financial Statements at 22 December 2025 at 10:15:43

THE JAPANESE GARDEN AT COWDEN SCIO TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in the note to the financial statements and comply with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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

The charity's objectives are the advancement of heritage, culture or science and the advancement of environment protection and improvement in the county of Clackmannan and there has been no change in these during the year. Main activities:

The trustees have paid due regard to guidance issued by the OSCR in deciding what activities the charity should undertake.

Achievements and performance

The 24/25 Financial year was the 4[th] year the garden was open all year round, other than a short 2-week closure after New Year. The Charity continued to see steady visitor numbers. The weather throughout the 24/25 season was unfortunately quite wet especially in July. Winter, as usual, saw a drop in visitor numbers due to the outdoor nature of the attraction, and high winds forcing closure of the Stewart Woodland quite frequently. The total number of tickets sold in the financial year amounted to 48,204, compared to 23/24 (44,588) showing a marked increase.

During the 24/25 year the Charity was supported by several funders.

Garfield Weston - £10,000 Grant for Outreach building

Japanese Society, Scottish Book Trust and Edinburgh Mathematics – All grants were spent to support Outreach activities - £1700

Clackmannanshire Council – £3,200 Grant to improve the private water supply to the garden

Clackmannanshire Council - £23,980 Grant for the improvements to the car park, including measures to improve accessibility for Blue Badge holders as well as active travel improvements.

Financial Statements at 22 December 2025 at 10:15:43 THE JAPANESE GARDEN AT COWDEN SCIO TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structures

The new Bothy completed in September, which increased the possibility of hosting classes and workshops

Events

There were a large number of events throughout the 24/25 period. These included:

Weddings

7 weddings (255 attendees)

Workshops

27 Workshops (261 attendees)

Day Events

Easter Weekend

An egg hunt in the garden for our younger visitors – each egg with a letter painted on so if they found all the eggs – it spelled out Happy Easter. In the Stewart Woodland we had colourful craft activities in our craft cabin - 190 childrens tickets sold over the weekend.

The 10 year Anniversary Event – 2 days of cultural celebration – with 700 guests marking the completion of the restoration.

The Japanese Team returned to host the weekend. On the Saturday Japanese Tea ceremonies were held in the Garden throughout the day, a Garden Tour with the Professor was booked out and 350 garden entry tickets were sold. On the Sunday we held a Ikebana workshop and sold 351 Garden Entry tickets

The Scottish Bonsai Association

Two dates in 2024 including the Scottish Members displaying in August and the Scottish Bonsai Display in September with 27 exhibitors and 500 visitors over the two days.

Halloween

Christmas at Cowden

Instead of the usual craft fair we held a festive weekend with a visit from Santa and Mrs Claus – craft activities were set up for our younger visitors and each young person got the chance to talk to Santa and receive a small gift, write a letter to Santa and post it in a Special North Pole letterbox. Seasonal treats were available in the Tearoom. Unfortunately, the weather was against us so that affected the usually high turnout and only 40 tickets were sold

We also held two Festive themed workshops which sold out – 20 people.

Group Bookings

33 Groups - 589 attendees in total

Financial Statements at 22 December 2025 at 10:15:43

THE JAPANESE GARDEN AT COWDEN SCIO TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Education & Outreach / free events

The Education & Outreach Officer has been doing a fantastic job at expanding the programme and reaching more members of the community.

Between April 2024 and March 2025, the following activities took place:

Actvites carried out Number of Sessions Number of Partcipants
Schools/educaton sessions –
garden		 15 295
Schools sessions - outreach 6 177
Under 5s sessions -garden 24 614
Community group visits -
garden		 18 216
Community group actvites -
outreach		 5 96
Talks - outreach 10 310
Total Numbers 78 1708

Schools: Alloa Academy Park Primary Dollar Academy Star Primary Coaltown of Balgonie St Andrew High School Banchory Primary Park Primary St Bernadette’s Primary Menstrie Primary Clackmannan Primary Craigclowan Prep School St Modan High Glencairn Primary Lornshill Academy Auchmuchty High School

Community Groups: Homestart The Brock Lodging House Mission Fife Boomerang Group Kinross Womans Group OYCI Dunning Scouts Cruickshank Botanic Garden Various Origami Workshps with Families and children and Carers Groups Kokedama Workshop

A free tear-off Visitor map adds to the existing Garden Guidebook for visitor orientation, and the GeoTourist audio tour continues to be popular.

A number of free activities continue to run. Our craft cabin is kept stocked with fun crafts, changing seasonally. Within the garden we now have an activity sheet replacing the Cowden Challenge as our wooden plaques were sadly being stolen too regularly to maintain this. All children are also given a tag and pencil to write a wish and attach this to our Wishing Tree in the Woodland.

Outreach – transport for school groups remains an issue – it costs too much money for them to get here

Financial Statements at 22 December 2025 at 10:15:43

THE JAPANESE GARDEN AT COWDEN SCIO TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Volunteer numbers

There was an average of 15 volunteers between April 2024 and March 2025.

Garden Tours resumed for the Spring/Summer season in April 2024 on Fridays and Saturdays and ran twice a day. These continue to prove very popular with visitors. Our Head Gardener also guided some horticultural tours for garden groups.

Financial review

The total income for the year was £479,013 (2023: £1,441,086) and expenditure was £508,577. Cowden Trading Ltd accounts (ancillary income) to be included in the audit

Reserves policy

The trustee's policy is to retain six months’ worth of normal running costs in order to meet the charity's commitments

Risk management

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a Scottish Charitable Incorporated Organisation (SCIO). It was registered in its current legal form on 20 August 2014.

The trustees who served during the year were:

Any person, nominated individual or body who/which wishes to become a Charity Trustee must sign a written application of Charity Trusteeship. The application will then be considered by the Board at its next Board meeting. The maximum number of Charity Trustees is ten, and the minimum is three.

The Trustees' report was approved by the Board of Trustees.

The Japanese Garden at Cowden SCIO

Charity No. SC045060

Trustees' Report and Unaudited Accounts

31 March 2025

The Japanese Garden at Cowden SCIO Contents

Pages
Trustees' Annual Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7 to 17
Detailed Statement of Financial Activities 18 to 20

Page 1

The Japanese Garden at Cowden SCIO Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. SC045060

Principal Office

Cowden Gardens Upper Hillfoot Road Dollar FK14 7PL

Registered Office

Cowden Gardens Upper Hillfoot Road Dollar Clackmannanshire FK14 7PL

Trustees

The following Trustees served during the year:

Accountants

Count (Scotland) Limited. The Old Byre Mill Hills Farm Crieff Perthshire PH7 3QW

Bankers

Clydesdale Bank 56 Murray Place Stirling FK8 2BX

Solicitors

Brodies 31 - 33 Union Grove Aberdeen AB10 6SD

Page 2

The Japanese Garden at Cowden SCIO Trustees Annual Report

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 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 (FRS102).

The trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

The Japanese Garden at Cowden SCIO Independent Examiners Report

Independent Examiner's Report to the trustees of The Japanese Garden at Cowden SCIO

I report on the financial statements of The Japanese Garden at Cowden SCIO for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Respective responsibilities of trustees and 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 2006 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 report

My examination was 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 financial statements, 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 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:

have not been met: or

Count (Scotland) Limited. The Old Byre Mill Hills Farm Crieff Perthshire PH7 3QW 31 March 2025

Page 4

The Japanese Garden at Cowden SCIO Statement of Financial Activities

for the year ended 31 March 2025

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Investments
6
Other
7
Total
Expenditure on:
Raising funds
8
Charitable activities
9
Other
10
Total
Net gains on investments
Net (expenditure)/income
11
Transfers between funds
Net (expenditure)/income
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
funds
funds
Total funds
Total funds
2025
2025
2025
2024
£
£
£
£
46,083
38,880
84,963
171,234
392,148
-
392,148
509,636
384
-
384
923
1,518
-
1,518
11,935
440,133
38,880
479,013
693,728
-
-
-
163
7,329
-
7,329
7,550
446,763
54,485
501,248
601,390
454,092
54,485
508,577
609,103
-
-
-
-
(13,959)
(15,605)
(29,564)
84,625
-
-
-
-
(13,959)
(15,605)
(29,564)
84,625
(13,959)
(15,605)
(29,564)
84,625
128,120
474,605
602,725
518,100
114,161
459,000
573,161
602,725

Page 5

The Japanese Garden at Cowden SCIO Balance Sheet

at 31 March 2025

Charity No.
SC045060
Notes
2025
£
Fixed assets
Tangible assets
13
662,153
Investments
14
1
662,154
Current assets
Stocks
15
9,794
Debtors
16
6,524
Cash at bank and in hand
16,781
33,099
Creditors:Amount falling due within one year
17
(74,996)
Net current (liabilities)/assets
(41,897)
Total assets less current liabilities
620,257
Creditors:Amounts falling due after more than one year
18
(47,096)
Net assets excluding pension asset or liability
573,161
Total net assets
573,161
The funds of the charity
Restricted funds
Restricted income funds
19
459,000
459,000
Unrestricted funds
General funds
19
114,161
114,161
Reserves
19
Total funds
573,161		 2024
£
673,699
1
673,700
11,035
28,661
22,542
62,238
(50,665)
11,573
685,273
(82,548)
602,725
602,725
474,605
474,605
128,120
128,120
602,725

The trustees have prepared the accounts in accordance with section 44 of the Charities and Trustee Investment (Scotland) Act.

Approved by the board on 31 March 2025

Page 6

The Japanese Garden at Cowden SCIO Notes to the Accounts

for the year ended 31 March 2025

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

The Japanese Garden at Cowden SCIO Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Assets under construction % Not depreciated

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions 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 or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for nay trade discounts due.

Page 8

The Japanese Garden at Cowden SCIO Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Charitable status

The Charity is a Scottish Charitable Incorporated Organisation (SCIO), governed by a constitution.

Page 9

The Japanese Garden at Cowden SCIO Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Grants - restricted
Grants - unrestricted
Donations and legacies -
unrestricted		 Unrestricted
£
-
3,815
42,268
46,083		 Unrestricted
funds
2024
£
72,084
509,636
923
11,935
594,578
163
7,550
562,690
570,403
24,175
6,343
30,518
30,518
97,602
128,120
Restricted
£
38,880
-
-
38,880		 Restricted
funds
2024
£
99,150
-
-
-
99,150
-
-
38,700
38,700
60,450
(6,343)
54,107
54,107
420,498
474,605
Total
2025
£
38,880
3,815
42,268
84,963		 Total funds
2024
£
171,234
509,636
923
11,935
693,728
163
7,550
601,390
609,103
84,625
-
84,625
84,625
518,100
602,725
Total
2024
£
99,150
2,746
69,338
171,234

Page 10

The Japanese Garden at Cowden SCIO Notes to the Accounts

5 Income from charitable activities

Garden income and plant
sales
Tearoom sales
Shop income
Events
6
Income from investments
Interest received
7
Other income
Net gain on disposal of
tangible fixed assets
Other income
8
Expenditure on raising funds
Fundraising trading costs
9
Expenditure on charitable activities
Governance costs
Audit fees
Accountancy fees		 Unrestricted
£
326,091
8,924
56,308
825
392,148
Unrestricted
£
384
384
Unrestricted
£
-
1,518
1,518
Unrestricted
£
3,850
3,479
7,329		 Total
2025
£
326,091
8,924
56,308
825
392,148
Total
2025
£
384
384
Total
2025
£
-
1,518
1,518
Total
2025
£
-
-
Total
2025
£
3,850
3,479
7,329		 Total
2024
£
266,737
182,918
50,417
9,564
509,636
Total
2024
£
923
923
Total
2024
£
1,467
10,468
11,935
Total
2024
£
163
163
Total
2024
£
5,550
2,000
7,550

Page 11

The Japanese Garden at Cowden SCIO Notes to the Accounts

10 Other expenditure

Unrestricted
£
Bank loan and overdraft
16,572
interest payable
Employee costs
265,168
Motor and travel costs
851
Premises costs
74,173
Amortisation, depreciation,
impairment, profit/loss on
16,613
disposal of fixed assets
General administrative costs
57,813
Legal and professional costs
15,573
446,763
11Net (expenditure)/income before transfers
This is stated after charging:
Depreciation of owned fixed assets
12Staff costs
Salaries and wages
No employee received emoluments in excess of £60,000.
13Tangible fixed assets
Cost or revaluation
£
At 1 April 2024
615,658
Additions
28,957
Transfers
107,774
Disposals
-
At 31 March 2025
752,389
Depreciation and
impairment
At 1 April 2024
88,830
Depreciation charge for the
year
29,379
Disposals
-
At 31 March 2025
118,209
Net book values
At 31 March 2025
634,180
At 31 March 2024
526,828		 Restricted
£
-
-
-
27,180
25,605
1,700
-
54,485
2025
£
41,051
2025
265,168
265,168
£
121,166
1,715
-
(3,141)
119,740
82,069
11,672
(1,974)
91,767
27,973
39,097		 Total
2025
£
16,572
265,168
851
101,353
42,218
59,513
15,573
501,248
£
107,774
-
(107,774)
-
-
-
-
-
-
-
107,774		 Total
2024
£
16,680
288,141
3,960
97,800
44,261
128,279
22,269
601,390
2024
£
44,261
2024
288,141
288,141
£
844,598
30,672
-
(3,141)
872,129
170,899
41,051
(1,974)
209,976
662,153
673,699

Page 12

The Japanese Garden at Cowden SCIO Notes to the Accounts

14 Investments

Cost or revaluation
At 1 April 2024
At 31 March 2025
Net book values
At 31 March 2025
At 31 March 2024
15Stocks
Finished goods
Carrying value analysed by activities
Shop income
16Debtors
Trade debtors
Amounts owed by group undertakings
VAT recoverable
Prepayments and accrued income
17Creditors:
amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Amounts owed to group undertakings
Other taxes and social security
Other creditors
Accruals		 2025
£
9,794
9,794
2025
£
9,794
9,794
2025
£
364
-
-
6,160
6,524
2025
£
11,015
10,100
27,931
5,570
1,651
18,729
74,996		 Investment
in
Subsidiaries
£
1
1
1
1		 Total
£
1
1
1
1
2024
£
11,035
11,035
2024
£
11,035
11,035
2024
£
185
5,667
17,672
5,137
28,661
2024
£
15,538
9,662
-
3,701
-
21,764
50,665

Page 13

The Japanese Garden at Cowden SCIO Notes to the Accounts

18 Creditors:

amounts falling due after more than one year

Bank loans and overdrafts
Other loans
19 Movement in funds
Restricted funds:
Restricted income funds:
Operations and projects
Japanese Garden
Development
Garfield Weston Fund
Japanese Society
Scottish Book Trust
Edinburgh Mathematics
Clackmannanshire Council
Total
Unrestricted funds:
General funds
Total funds		 At 1 April
2024
7,170
467,435
-
-
-
-
-
474,605
128,120
602,725		 Incoming
resources
(including
other
gains/losses)
£
-
-
10,000
500
700
500
27,180
38,880
440,133
479,013		 2025
£
2,096
45,000
47,096
Resources
expended
£
(350)
(25,255)
-
(500)
(700)
(500)
(27,180)
(54,485)
(454,092)
(508,577)		 Gross
transfers
£
-
-
-
-
-
-
-
-
-
-		 2024
£
12,548
70,000
82,548
At 31
March
2025
£
6,820
442,180
10,000
-
-
-
-
459,000
114,161
573,161

Purposes and restrictions in relation to the funds: Restricted funds:

Operations and projects Development of the Japanese Garden and infrastructure Japanese Garden Development projects and Japanese Garden operations support Development

Garfield Weston Fund Grant for Outreach building Japanese Society Grant for Outreach building Scottish Book Trust Support for Outreach activities Edinburgh Mathematics Support for Outreach activities Clackmannanshire Council Improvements to car park, including measures to improve accessibility

Page 14

The Japanese Garden at Cowden SCIO Notes to the Accounts

20 Analysis of net assets between funds

Fixed assets
Investments
Net current assets
Creditors due in more than one year and
provisions
21Reconciliation of net debt
Cash and cash equivalents
Borrowings
Bank loans
Net Debt
22Commitments
Capital commitments
Capital commitments contracted for at the
end of the financial year for which no
provision has been made:
Operating lease commitments
Annual commitments under non-cancellable operating leases a
2025
Operating leases with expiry date:
Land and
buildings
£
Within one year
26,600
In the second to fifth years inclusive
106,400
Over five years
277,108
410,108		 Unrestricted
funds
£
213,153
1
33,099
(122,092)
124,161
At 1 April
2024
£
22,542
22,542
(70,000)
(22,548)
(92,548)
(70,006)
2025
£
410,108
re as follows:
2025
Other
£
-
-
-
-		 Restricted
funds
£
449,000
-
-
-
449,000
Cash flows
£
(5,761)
(5,761)
25,000
10,452
35,452
29,691
2024
Land and
buildings
£
26,600
106,400
303,708
436,708		 Total
£
662,153
1
33,099
(122,092)
573,161
At 31
March
2025
£
16,781
16,781
(45,000)
(12,096)
(57,096)
(40,315)
2024
£
436,708
2024
Other
£
-
-
-
-

Page 15

The Japanese Garden at Cowden SCIO Notes to the Accounts

23 Related party disclosures

2025 2024 Transactions with related parties £ Name of related party Christie Stewart Limited Description of relationship is director & shareholder between the parties Description of transaction Rents of £nil (2024 £2,958) were paid by the and general amounts charity involved Amount due from/(to) the related party (45,000) (70,000) Name of related party Description of relationship Trustee between the parties Description of transaction and general amounts Rents of £26,600 (2024 £28,501) were paid involved

Page 16

The Japanese Garden at Cowden SCIO Detailed Statement of Financial Activities

for the year ended 31 March 2025

fixed assets
payable
Income and endowments from:
Donations and legacies
Grants - restricted
Grants - unrestricted
Donations and legacies -
unrestricted
Charitable activities
Garden income and plant sales
Tearoom sales
Shop income
Events
Investments
Interest received
Other
Net gain on disposal of tangible
Other income
Total income and endowments
Expenditure on:
Costs of other trading activities
Total of expenditure on raising
funds
Governance costs
Audit fees
Accountancy fees
Total of expenditure on charitable
activities
Other expenditure
Bank loan and overdraft interest		 Unrestricte
d funds
2025
£
-
3,815
42,268
46,083
326,091
8,924
56,308
825
392,148
384
384
-
1,518
1,518
440,133
-
-
-
3,850
3,479
7,329
7,329
16,572
16,572		 Restricted
funds
2025
£
38,880
-
-
38,880
-
-
-
-
-
-
-
-
-
-
38,880
-
-
-
-
-
-
-
-
-		 Total funds
2025
£
38,880
3,815
42,268
84,963
326,091
8,924
56,308
825
392,148
384
384
-
1,518
1,518
479,013
-
-
-
3,850
3,479
7,329
7,329
16,572
16,572		 Total funds
2024
£
99,150
2,746
69,338
171,234
266,737
182,918
50,417
9,564
509,636
923
923
1,467
10,468
11,935
693,728
163
163
163
5,550
2,000
7,550
7,550
16,680
16,680

Employee costs

Page 17

The Japanese Garden at Cowden SCIO Detailed Statement of Financial Activities

costs
Net (expenditure)/income
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Salaries/wages
Motor and travel costs
Travel and subsistence
Premises costs
Rent and rates
Light, heat and power
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Assets under
construction
Loss on disposal of tangible fixed
assets
Design fees and restoration of
garden
Tearoom expenses
Garden activities expenses
Marketing
Shop purchases
Event costs
Sundry expenses
Legal and professional costs
Other legal and professional
Total of expenditure of other costs
Total expenditure
Net gains on investments		 -
(13,959)
265,168
265,168
851
851
40,566
10,071
23,536
74,173
15,446
-
1,167
14,129
680
660
2,305
27,975
3,974
8,090
74,426
15,573
15,573
446,763
454,092
-
(13,959)
(13,959)		 -
(15,605)
-
-
-
-
-
-
27,180
27,180
25,605
-
-
-
-
-
-
-
-
1,700
27,305
-
-
54,485
54,485
-
(15,605)
(15,605)		 -
(29,564)
265,168
265,168
851
851
40,566
10,071
50,716
101,353
41,051
-
1,167
14,129
680
660
2,305
27,975
3,974
9,790
101,731
15,573
15,573
501,248
508,577
-
(29,564)
(29,564)		 288,141
288,141
3,960
3,960
43,094
8,235
46,471
97,800
44,261
-
-
17,604
47,233
8,596
4,509
20,318
8,948
21,071
172,540
22,269
22,269
601,390
609,103
-
84,625
-
84,625
84,625

Page 18

The Japanese Garden at Cowden SCIO
Detailed Statement of Financial Activities
Total funds brought forward
Total funds carried forward		 128,120
114,161		 474,605
459,000		 602,725
573,161		 518,100
602,725

Page 19