Friends' financial accounts

What do the latest Friends’ accounts show?

The information below has been extracted from the Financial Statements of the Friends of the Oxford Botanic Garden Limited for the year ended 28 February 2013.  Critchleys, one of the leading firms of accountants in the Thames Valley, examined these accounts as Reporting Accountants and issued an unqualified report. Full copies of the accounts can be inspected by Friends in the Garden Office or requested by email from Liz Woolley, the Friends Administrator.

 

How much money was raised by the Friends in the year?

Source of Funds

2012/13

2011/12

 

£

£

Membership fees

84,807

80,335

Appeal donations

0

0

Special events and garden visits, net of related costs

25,446

17,781

Gift aid tax recovery on fees and donations

19,414

19,802

Legacy income

97,226

0

Other donations and grants

17,579

1,938

Interest on cash deposits

333

867

Total net income

244,805

120,723

How was this income spent and what was left?

Use of funds

2012/13

2011/12

 

£

£

Total net income (as above)

244,805

120,723

Less newsletter and other communication costs

(22,345)

(17,079)

Less administration and governance costs

(1,050)

(1,377)

Funds available for distribution as grants

221,410

102,267

 

 

 

Grants made to the Oxford Botanic Garden and Harcourt Arboretum (see below)

79,500

(267,000)

Net (outgoings)income in the year after grants

141,910

(164,733)

 

 

 

Reserves brought forward from earlier years

73,073

237,806

Reserves available at the year end for future grants

214,983

73,073

What grants were made during the year by the Friends to the Oxford Botanic Garden and Harcourt Arboretum?

Category of grant support

2012/13

2011/12

 

£

£

Facilities improvement

6,500

217,300

Staff development

1,000

0

Plant collection activities

26,500

4,600

Public education support

23,000

25,400

Other Equipment

22,500

19,700

Total grants made to the Garden and Arboretum (as above)

79,500

267,000

What assets and liabilities made up the undistributed reserves at the year end?

Assets and liabilities at the year end

2012/13

2011/12

 

£

£

Cash at bank and bank deposits

221,781

82,419

Less life members’ fees already received,
but not yet recognised as income

(19,225)

(18,361)

Cash less prepaid life members’ fees

202,556

64,058

Tax recoverable from HMRC under gift aid

19,081

17,575

Other assets – sundry debtors and office equipment

277

1,005

Less amounts due to suppliers and income for next year’s events

(6,931)

(9,565)

Total net assets making up the year end reserves (as above)

214,983

73,073

How many fee-paying members do we have?

 

2012/13

2011/12

Members at start of year

2,979

2,871

Net joiners(leavers)

27

108

Members at end of year

3,006

2,979