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

The Royal Botanic Garden Edinburgh - Annual Report and Accounts for the year to 31 March 2012
Analysis of changes in net funds in the year
The group has no borrowings or finance lease obligations. Accordingly the group’s net funds (as
defined in revised Financial Reporting Standard 1) are equal to its cash balances. The movement
in cash balances in the year is as follows:
Page 46 of 47
2011/12
£000
2010/11
£000
Opening cash balance
1,214
745
Change in year 1,248 469
Closing cash balance 2,462 1,214
24. RELATED PARTY TRANSACTIONS
The Royal Botanic Garden Edinburgh is a non departmental public body of the Scottish
Government Rural and Environment Science and Analytical Services Division (RESAS) which is
regarded as a related party. During the year, RBGE has had a number of material transactions with
RESAS.
The Regius Keeper is, ex officio, a Trustee of the Sibbald Trust and the Botanics Foundation and a
Director of the Botanics Trading Company Ltd (BTC) and the Centre for Middle Eastern Plants
Limited (CMEP). The Director of Corporate Services is a Director of BTC. Floristics Scientist Tony
Miller is a Director of CMEP. During the year, none of the Trustees, members of key management
staff or other related parties has undertaken any material transactions with RBGE.
25. CAPITAL COMMITMENTS
As at 31 March 2012 there were capital commitments contracted for but not provided for in the
accounts of £230k (2011: £48k).