Annual Accounts 2011-2012 (pdf - 973 kB) - Royal Botanic Garden ...

More documents

Recommendations

Info

The Royal Botanic Garden Edinburgh - Annual Report and Accounts for the year to 31 March 2012 £4.6m was spent on other operating costs excluding depreciation. Capital expenditure of £1.3m was incurred. The consolidated accounts for the year show a deficit of £9.8m. This is because grant in aid for revenue purposes is credited directly to the General Fund rather than being shown as income on the face of the Income and Expenditure Account. Once this is allowed for, there is a surplus on the Income and Expenditure Account of £52k. The Botanics Trading Company made a profit of £381k (£340k in 2010-11) of which £380k was Gift Aided to RBGE. This represents an increase of 12% compared to the prior year and an increase on budget of 10%. The majority of the increase is attributed to strong growth within the private and corporate events sector and to recent capital investment in enhancing facilities including the Caledonian Hall, John Hope Gateway, Dawyck Visitor Centre and Benmore Fernery. The year to 31 March 2012 was the second year of trading for the Centre for Middle Eastern Plants. The aim of the company was to raise revenue through botanical consultancy. The intention was that this would be gift aided back to the Garden. During the year it became apparent that the continuing losses were becoming unsustainable and it was decided to put the company into a dormant phase with the accumulated losses being met from a grant within RBGE. With effect from 1 January 2012 responsibility for delivering the existing CMEP projects was moved back within RBGE. No important events have occurred since 1 April 2012 that will have an impact on these accounts. Fundraising Activities within Enterprise Fundamental to the success of the achievement of RBGE’s strategies is the need to generate income from a variety of sources. In addition to Grant-In-Aid, grants from research councils and commercial activities, the Enterprise Division aims to raise funds from membership and development activity. The financial year ending 31 March saw the first full year of operation for the Enterprise Division, having been established in autumn 2010. Membership subscription income for the year fell very slightly by 1.6%, despite an increase in overall membership numbers. Value for money was a key driver, with many members choosing family and concession subscription rates. A new Development Officer was recruited in April 2011, with experience in securing funds from Trusts and Foundations. Targeted applications to external funders helped to generate almost £280k towards RBGE capital projects, such as the new Alpine House and Rare Books Room in Edinburgh and the Logan conservatory project. A further £30k was secured from donations to our Commemorative programme. The role of Development Manager continued to be gapped for a second year, although a strategic decision was recently taken to recruit for this role with immediate effect, in support of expanding our fundraising capabilities. Page 10 of 47
The Royal Botanic Garden Edinburgh - Annual Report and Accounts for the year to 31 March 2012 Land and Buildings Land and Buildings are owned by Scottish Ministers. The land and buildings occupied by the Garden are leased to the Board with such conditions as permit adequate operational freedom for their needs. Information on land and buildings can be seen in Note 11. Estates Management Strategy The RBGE Estates Management Strategy sets out a plan that is affordable and sustainable using guaranteed funding. It has two elements, revenue and capital spend. Revenue elements, which include maintenance and utility costs, are managed by analysing monthly financial reports and adjusting commitments accordingly. It incorporates a ten year plan for capital works in support of the Garden’s Corporate Plan and documents the existing wide variety of built assets providing valuable data on these that allows maintenance planning and costing to be undertaken. This ten year plan is reviewed periodically when funding projections are made known to the Garden from Scottish Government. Other Fixed Assets Significant changes in other fixed assets are shown in Notes 11 and 12. Volunteers Volunteers continue to contribute greatly to the work of RBGE by providing additional support in education, horticulture and science development. There are currently 251 volunteers (up from 222 in 2010-11). Within Horticulture there are a number of regular volunteers working throughout the Garden and glasshouses, helping to maintain plant specimens and contributing to the overall appearance of the Garden. Included within the Horticulture volunteer group is the continued expertise and assistance of the Garden Guides. In addition, in Education, Events and Science Communication there is a growing number of volunteers, who continue to lead and assist with a variety of events, including interactive demonstrations and educational mini tours of the Garden. RBGE continues to be greatly indebted to its volunteers for their commitment and hard work. Sustainability Report The Climate Change (Scotland) Act 2009 In 2009 the Scottish Government set what remains, one of the most ambitious pieces of climate change legislation anywhere in the world, namely: The Climate Change (Scotland) Act 2009 commits Scotland to reduce its emissions by at least 80% from 1990 levels by 2050; with an interim emissions reduction target of at least 34% by 2020, increasing to 42% if the EU increases its 2020 target to 30% in the event of a global deal on climate change. Section 44 of Act places duties on Scottish public bodies in relation to climate change. From 1 January 2011 any public body, has, in exercising its functions, to act: �in the way best calculated to contribute to the delivery of the Act’s emission reduction targets; �in the way best calculated to help deliver any statutory programme for adapting to the impacts of climate change; and �in a way that it considers most sustainable. By way of meeting these duties RBGE shall include a report on sustainability within its Annual Report and Accounts. Page 11 of 47
Page 1 and 2: The Royal Botanic Garden Edinburgh
Page 9: The Royal Botanic Garden Edinburgh
Page 47: The Royal Botanic Garden Edinburgh

Annual Accounts 2011-2012 (pdf - 973 kB) - Royal Botanic Garden ...

Create successful ePaper yourself

Delete template?

Save as template?