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 2015.  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 in the Botanic Garden office 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

2014/15

2013/14

 

£

£

Membership fees

93,511

83,707

Special events and garden visits, net of related costs

29,293

41,772

Gift aid tax recovery on fees and donations

18,974

21,030

Other donations and grants

4,318

2,655

Interest on cash deposits

1,208

888

 

 

 

Total net income

147,304

150,052

 

How was this income spent and what was left?

Use of funds

2014/15

2013/14

 

£

£

Total net income (as above)

   147,304

150,052

Less newsletter and other communication costs

(21,212)

(18,641)

Less administration and governance costs

(1,080)

(1,107)

Funds available for distribution as grants

125,012

130,304

 

 

 

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

(197,663)

(96,233)

Net (outgoings) income in the year after grants

(72,651)

34,071

 

 

 

Reserves brought forward from earlier years

249,054

214,983

Reserves available at the year end for future grants

176,403

249,054

 

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

Category of grant support

2014/15

2013/14

 

£

£

Facilities improvement

104,000

42,887

Staff development

19,510

5,100

Plant collection activities

20,925

8,900

Public education support

15,692

16,296

Other equipment

37,536

23,050

 

 

 

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

197,663

96,233

 

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

Assets and liabilities at the year end

2014/15

2013/14

 

£

£

Cash at bank and bank deposits

303,255

280,581

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

(19,547)

(19,845)

Cash less prepaid life members’ fees

283,708

260,736

Tax recoverable from HMRC under gift aid

18,974

21,030

Other assets – sundry debtors and office equipment

4,950

541

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

(131,229)

(33,253)

 

 

 

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

176,403

249,054

 

How many fee-paying members do we have?

 

2014/15

2013/14

Members at start of year

3,011

3,006

Net joiners

119

5

Members at end of year

3,130

3,011