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 2014.  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 read here or a copy can be requested from the Friends Administrator Liz Woolley.

 

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

Source of Funds

2013/14

2012/13

 

£

£

Membership fees

83,707

84,807

Special events and garden visits, net of related costs

41,772

25,446

Gift aid tax recovery on fees and donations

21,030

19,414

Legacy income

0

97,226

Other donations and grants

2,655

17,579

Interest on cash deposits

888

333

 

 

 

Total net income

150,052

244,805

 

How was this income spent and what was left?

Use of funds

2013/14

2012/13

 

£

£

Total net income (as above)

    150,052

244,805

Less newsletter and other communication costs

(18,641)

(22,345)

Less administration and governance costs

(1,107)

(1,050)

Funds available for distribution as grants

130,304

221,410

 

 

 

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

96,233

79,500

Net income in the year after grants

34,071

141,910

 

 

 

Reserves brought forward from earlier years

214,983

73,073

Reserves available at the year end for future grants

249,054

214,983

 

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

Category of grant support

2013/14

2012/13

 

£

£

Facilities improvement

42,887

6,500

Staff development

5,100

1,000

Plant collection activities

8,900

26,500

Public education support

16,296

23,000

Other equipment

23,050

22,500

 

 

 

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

96,233

79,500

 

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

Assets and liabilities at the year end

2013/14

2012/13

 

£

£

Cash at bank and bank deposits

280,581

221,781

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

(19,845)

(19,225)

Cash less prepaid life members’ fees

260,736

202,556

Tax recoverable from HMRC under gift aid

21,030

19,081

Other assets – sundry debtors and office equipment

541

277

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

(33,253)

(6,931)

 

 

 

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

249,054

214,983

 

How many fee-paying members do we have?

 

2013/14

2012/13

Members at start of year

3,006

2,979

Net joiners

5

27

Members at end of year

3,011

3,006