THE NATIONAL VEGEfABLE soaETY Rewitered Charfty No. 11188979 Annual Report and Ac¢ounts For the yur ended Jlsl D•Eernber 2024 Tre Notlonql Vegetable Soclety wosfounded In 1960 and became a reglstered chartty on 22nd Ortober 21 Its charitable o¥ects Include to advance the culture study and improvement OA vegetables, to odvance knowledge ond tofvrtherpubllc Interest in vegetable5
THE NAIIONAL VEGETABLE soaErY Contents Independent examlner's report Balance sheet Notes to the accounts
THE NATIONAL VEGEfABLE soaETY Indeppndert Examlnees Rewt to the Truste&s of the N•tlonal V•tyable Soclety 31" Decembw 2014 Resp•¢Uv• rnsponslbilltl•s The charlty's trustees are respon$lble for the preparntlon of the actounts. The of trujttts gnd examlner charws trustees con5iderthat an audtt Is not requlred for thls year under sectK)n 144 of the tharFtles Att 2011 {the Charltles Act) and that an Independent examination Is needed. It Is my responslblllty to: examlne the accounts under settlon 145 of the Chafft5es Act, to follow the procedures lald down In the general Dlrertlons 8lven bythe Charlty Comrnl551on {under settlon 145(5)(b) of the Charltles Act, and to state whether partkular matters have co* to my attention. B4515 of Indep•ndent My examlnatlon was carrled out In accordan wlth leneral Dlrettions Elven ty the •Mm5Mrfs statsm•nt Charfty Comm1551on. An examinatlon Indudes a re4lew of the accountlng records kept by the charlty and a comparlson of actounts presented wlth those records. It also Includes conslderation of any unusual Iterns or dlsclosures in the accounts, arKI seekSnB explanatlons from the trustees Concerni ary such matters. The procedures undertaken do Mt provlde all the eVkIen that would be requlred In an audlL and consequentty no oplnlon Is 8lven is to whether the accounts pSe1rt a true and falrf vlew 4nd ihe report is1Smlted to those matters set out In the 5tstement below. Ind•Pdent examlner's In connection wlth rny exarnlnatlon, no matter has come to ry attontlon Statèment l. whlch Elves me reasonable ciuse to belleve thtt In, any materlal resFrt the requlrernents: to keop arUntI remrds In accordance wlth section 130 of the Charltles ACL. and to prepare acwunts whlch accord wlth the accountlng records and complv th the accountlng requlrements of the Chawltles Act have not been rnet: or 2. towhlth, in my oplnlon. attention 5houkl tse drawn In orderts enable a proper understsndln8 of the accDunts to be reached. Slned: A Cutler F Date: Cutler & Co Chartered Certffied Accountsnt5 Brook House Church Lane Garforth Leeds L525 IHB Page I
THE IIATIUNAL VEGErA0 SOCIEIY 211 211 212 212 5to¢tsfrt Lwots •Thl Imrthirnlbe elL 72J35 9L657 li} 25U79 92? &391 ounts were 4ppro¥td by the Trustee5 Dn •Th14nwJ on fjwlr behalf h: &indts Hal. Ch•kperJon Jean F sior- Hon TRaswer
THE NATIONAL VEGETABLE SOCIETY Note5 to the accounts for the yr ended 311t December 2024 L Pth)untEw Polk1•5 The prlTrclpal accountlnE pollcle5 adoptedi judgements and key sources of estlmatkjn urrta1nty In the preparatlon of the fjnancial statemert5 are as fcllow& al Basls of preparatlon: The flnanclal statements have been prepared in accordance wlth ountin8 and Reportln8 by Charltlek Statement of Recommended Practlce appllcable to charltles preparfn8 thÉlr accourrt5 In accordance with tho Financlal Reportln8 Standard appllcable In the UKand Republlc Df Ireland IFRS IQ2) (effertlve lJanuary2019) and the Companles Act 2Cn6. A55ets and liab511tles are Inltlalty rnco8nlsed at historlcal cost or transactlon value unlessothenvlse stated In the relevant accountln8 pollcy notels}. b) Income and expendlture: Income Is brnht Into the flnanclal statemènts when received. Expendllurels accwnted for on an accrua15 ba515. Unrestrkted funds are avallable to spend on artlvltles that further any of the purposes of charlty. DesMtod furKls are unrestrlclod funds of the charlty whlch the trustees have decided at thelrdlscretlon to set aslde to use for a speclflc purpose. Restrlcted funds are donatbns whlch the donor has specffled arn to be solely used for partlcular areas of the sock$ work or for 5pKlfic projects belrq undertaken by the 5(xlety. ¢) Subscrlptlon5: Subscrlptlons aro r•co8nlzed when receNed. d) Flxed 855ets: Thls comprfses only an item of sound equlpmant and trophles. e> Stock. Stock Is Included at the lower of cost or net rea115able value. Donated Items of stock are recosnised on recelpt at falr value whkh 1$ the amount the charlty would have been wiinng to pay for Ihe Items on open market. 2. Traniartloni wlth Memberj olth• Natlonal Execulfve ND trustee or person defined by accounting 5tarKlards as 'related to them. reIVed an¥ remuneratlon for serviL5 as a trustee or In a mona8ernent capaclty durlnE the year. or for any relrnbursement of expenses oth@r than for expendlture Incurred as an agent of the soclety. Travel to the Natlonol Executlve meetlngs was relmbursed 10 those trusiees who claimed IL 3. Shows Events These comprlse the Natlonal Champlon5hSps of the NVS, the Regk>nal Branth Champlonshlps, Igcal chafflplon5hlps by D15trlct AwKiatlon, and other events wlth lectures, membe Informatlon and soclal evenlngs and exhibftlons. Incklental fvndrai5in8 actfvttks at these everts {eg. Raffles) are treated as tvents revenues. Mernbws Magazine5 et¢ Each n*mber recelve5 a quarterly magazlne with infomiatlon and advlce on the cultlvation of ve8etable5, together wkh news of the event5 IMIn6 vegetable cultivatlon and exhibition In thelr Reglonal Branch and D]strfct Assoclation. PaBe 3
THE NATIONAL VEGETABLE SOCIErY Notes to the attounts for the year 31st Dq¢ember 2024 (contlnued) 5. 60Mne& 2023 Postage 628 Prfntln& statlonery and publiclty 271 204 Natlonal & AGM 1,133 915 Insurance 1,024 969 Examlners fee I00 1,5(X) Sundry Expens 4,637 Pa8e 4
THE NAIIONAL VEGETABLE SOCIErY 5t•tement of Financlal Acti¥ltles for the ymr •nded Ytst Decembor 2024 G•n2ral Restrkkni Total 2024 Funds Fund% 2023 Intomkns R•sour¢4s from gen•rat•d fuNIi Voluntary Income 79,997 1646 81643 87,362 Actfvltles for genergtlng funds 7.320 ,078 25,398 27,208 Bank Interest 1,288 914 2,202 1.743 Totsl Incomln8 resources 88.605 20,638 109343 116.313 Cost olyn•rntlryfundi Fundralsln8 tradlni: Cost of 80(K15 sold Ind otr costs 17,625 2,689 20,314 13,771 Charltab&7 Acllvltles 78,159 16,622 94.781 94.071 Govwn•n 4,637 4637 Tolal rnsources ex nded I(XJN21 19,311 I,732 liih30 Nrt Incomln¥ reJow¢ (1&816) ¥327 - Total fvnds br(ght forward Mat Exec and Branches Holderne5S Dlslrlrt Assocl*lo Charnplonshlp Reserve Tatsls 153,lJ42 153,042 542 9U07 5,WO 91107 25£391 145,217 542 95,749 s00 92,807 158,Wl Not Incom1 reKwrc•s Transfer between lundj (11,816) ¥750 1,327 (10.4891 &750 - 24l920 Totsl funds carrled forward 145018 95W 240.W12 251A91 Pa8e 5