Dilston Physic Garden Ltd

	Page
Trustees' Report	1—2
Independent Examiner's Report	3
Statement of Financial Activities (including Income and Expenditure Account)	4
Balance Sheet	5
Notes to the Financial Statements	6—10

The trustees present their report and the financial statements for the year ended 30 November 2025.

Reference and Administrative Details

Trustees

Honourable Charles Beaumont

Viscountess Elizabeth Devonport

Ms Davina Hopkinson

Professor Anya Hurlbert

Professor Elaine Perry

Dr Nicolette Perry

Mrs Margot Bromley (resigned 30/06/2026)

Ross Menzies (resigned 30/06/2026)

Charity Number

1120141

Company Number

05505041

Registered Office

Dilston Physic Garden

Corbridge

Northumberland

NE45 5QZ

Independent Examiner

Storey & Dodd Ltd t/a Christian Dodd

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Dilston Physic Garden Ltd

Trustees' Report (continued)

For The Year Ended 30 November 2025

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Dr Nicolette Perry

Trustee

22nd October 2026

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Dilston Physic Garden Ltd

Independent Examiner's Report to the Trustees of Dilston Physic Garden Ltd

For The Year Ended 30 November 2025

Independent Examiner's Report to the Trustees of Dilston Physic Garden Ltd

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Storey & Dodd Ltd t/a Christian Dodd

22nd October 2026

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Dilston Physic Garden Ltd

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 30 November 2025

Statement of Financial Activities (including Income and Expenditure Account)

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Unrestricted funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	3,260	30,180	33,440	18,460
Other trading activities	4	109,845	-	109,845	66,442
Investments	5	51	-	51	31

		113,156	30,180	143,336	84,933

EXPENDITURE ON:
Charitable activities:	8
Dilston Physic Garden		(127,857 )	(14,689 )	(142,546 )	(80,230 )

NET INCOME		(14,701 )	15,491	790	4,703


NET MOVEMENT IN FUNDS		(14,701 )	15,491	790	4,703
RECONCILIATION OF FUNDS:
Total funds brought forward		60,892	-	60,892	56,189

TOTAL FUNDS CARRIED FORWARD	14	46,191	15,491	61,682	60,892

The notes on pages 6 to 10 form part of these financial statements.

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Dilston Physic Garden Ltd

Balance Sheet

As At 30 November 2025

Balance Sheet

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	11	27,576	-	27,576	28,499

		27,576	-	27,576	28,499
CURRENT ASSETS
Stocks	12	15,000	-	15,000	15,000
Cash at bank and in hand		6,815	15,491	22,306	17,392

		21,815	15,491	37,306	32,392
Creditors: Amounts Falling Due Within One Year	13	(3,200 )	-	(3,200 )	1

NET CURRENT ASSETS (LIABILITIES)		18,615	15,491	34,106	32,393

TOTAL ASSETS LESS CURRENT LIABILITIES		46,191	15,491	61,682	60,892

NET ASSETS		46,191	15,491	61,682	60,892

FUNDS OF THE CHARITY
Restricted Funds				15,491	-
Unrestricted Funds				46,191	60,892

TOTAL FUNDS	14			61,682	60,892

For the year ending 30 November 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Dr Nicolette Perry

Trustee

22nd October 2026

The notes on pages 6 to 10 form part of these financial statements.

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Dilston Physic Garden Ltd

Notes to the Financial Statements

For The Year Ended 30 November 2025

Notes to the Financial Statements

1. General Information

Dilston Physic Garden Ltd is a company limited by guarantee, incorporated in England & Wales, registered number 05505041 and registered charity number 1120141 . The registered office is Dilston Physic Garden, Corbridge, Northumberland, NE45 5QZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.

The trustees have reviewed the charity’s income, expenditure and cash flow for a period of at least twelve months from the date these financial statements are approved. Taking into account confirmed grant funding and earned income from admissions, courses and the physic shop, the trustees consider that the charity has adequate resources to continue its activities for the foreseeable future. The trustees do not consider there to be any material uncertainties about the charity’s ability to continue as a going concern.

2.3. Incoming Resources

All incoming resources in the form of cash have been included in income.

Donations and grants are credited to the income and expenditure account on a receipts basis, gross of income tax where applicable.

2.4. Resources Expended

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	25% Straight Line
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	33% Straight Line

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Dilston Physic Garden Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

			2025
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Grants	3,260	30,180	33,440

			2024
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Grants	18,460	-	18,460

4. Income from Other Trading Activities

	2025	2024
	Unrestricted funds	Unrestricted funds
	£	£
Income from other trading activities	109,845	66,442

5. Investment Income

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	51	31

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Dilston Physic Garden Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Government Grants

Government grants recognised in the accounts were as follows:

	2025	2024
	£	£
Northumberland County Council	2,500	-

7. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets - owned	923	266

8. Analysis of Expenditure

			2025
	Activities undertaken directly	Support costs (see note 9 )	Total
	£	£	£
Dilston Physic Garden	22,636	119,910	142,546

			2024
	Activities undertaken directly	Support costs (see note 9 )	Total
	£	£	£
Dilston Physic Garden	4,374	75,856	80,230

9. Support Costs

	2025	2024
	Dilston Physic Garden	Dilston Physic Garden
	£	£
Employee costs	-	1,139
General administration	118,987	74,451
Depreciation	923	266

	119,910	75,856

10. Average Number of Employees

Average number of employees during the year was: 2 (2024: 2)

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Dilston Physic Garden Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

11. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 December 2024	34,850	2,050	659	37,559

As at 30 November 2025	34,850	2,050	659	37,559

Depreciation
As at 1 December 2024	8,528	92	440	9,060
Provided during the period	212	492	219	923

As at 30 November 2025	8,740	584	659	9,983

Net Book Value
As at 30 November 2025	26,110	1,466	-	27,576

As at 1 December 2024	26,322	1,958	219	28,499

12. Stocks

	2025	2024
	£	£
Stock	15,000	15,000

13. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	(1 )
Accruals and deferred income	3,200	-

	3,200	(1 )

14. Movement in Funds

	As at 1 December 2024	Income	Expenditure	As at 30 November 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	60,892	113,156	(127,857 )	46,191
Restricted funds
National Lottery	-	19,720	(4,229)	15,491

...CONTINUED

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Dilston Physic Garden Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

Community Foundation	-	7,960	(7,960)	-
Northumberland County Council Community Chest	-	2,500	(2,500)	-


Total restricted funds	-	30,180	(14,689 )	15,491




Total funds	60,892	143,336	(142,546 )	61,682

	As at 1 December 2023	Income	Expenditure	As at 30 November 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	56,189	84,933	(80,230 )	60,892


Total funds	56,189	84,933	(80,230 )	60,892

15. Transactions with Trustees

Medical Herbalist Trustee Mr Ross Menzies was paid for FPM Tutor consultancy 3.5 days and providing physic shop Heavenly Herb stock (£3,025.80) and Science Trustee Dr Nicolette Perry was paid for Managing Director consultancy continuation 4 days a week and providing Brain Balms physic shop stock £53,742.13.

No trustee expenses have been incurred.

16. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure, except those disclosed in the Transactions with Trustees note.

17. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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