2021-09-30-accounts

INTERNATIONAL DENDROLOGY SOCIETY UNAUDITED REPORT AND ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Registered Charity No. 1178252 Charitable Incorporated Organisation No. CE014010

INTERNATIONAL DENDROLOGY SOCIETY

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

CONTENTS

Page
1	Reference and administrative information
2 - 4	Trustees’ Report
5	Independent Examiner’s Report
6	Statement of financial activities
7	Balance sheet
8 - 16	Notes to the accounts

INTERNATIONAL DENDROLOGY SOCIETY

REFERENCE AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Charity Name:	International Dendrology Society
Governing Instrument:	The Charity is a Charitable Incorporated Organisation not having a
	share capital, governed by its Constitution dated 4 May 2018 as
	amended on 5 September 2019.
Registered Charity No:	1178252
Charitable Incorporated Company No:	CE014010
Trustees:	Colonel J R G Crisp (Chairman)
	Mr A Brunel
	The Earl of Cork & Orrery
	Mrs C Feldman
	Mrs A M Johnson
	Lord Howard of Penrith (appointed 17 February 2021)
	Mr W W R Kerr
	Mrs M-C de Laubarède
	Sir John Parsons (resigned 17 February 2021)
	Mr A Rammeloo (appointed 17 February 2021)
	Vicomte P de Spoelberch (resigned 23 May 2021)
Registered Office:	Hergest Estate Office
	Kington
	Herefordshire
	HR5 3EG
Secretary:	Miss E A Malcolm
Bankers:	CAF Bank
	25 Kings Hill Avenue
	Kings Hill
	West Malling
	Kent
	ME19 4JQ
Investment Managers:	Cazenove Capital
	1 London Wall Place
	London
	EC2Y 5AU
Independent Examiner:	Sarah J Morley ACA
	Kendall Wadley LLP
	Granta Lodge
	71 Graham Road
	Malvern
	Worcestershire
	WR14 2JS

1

INTERNATIONAL DENDROLOGY SOCIETY

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2021

The trustees present the report and accounts for the International Dendrology Society (“the Charity”), which are unaudited, for the year ended 30 September 2021. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's governing document, the Charities Act 2011, and the requirements of the Statement of Recommended Practice 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 (FRS102) (as amended for accounting periods commencing from 1 January 2019).

The Charity was established by a Constitution registered on 4 May 2018. Under Agreements dated 12 December 2018, the International Dendrology Society, an unincorporated organisation registered in Jersey, and the Dendrology Charitable Company (Registered charity number 1041395 and Company Registered number 02816525) both transferred their assets and undertakings to the Charity at midnight on 31 December 2018. This combination was treated as a gift.

OBJECTIVES AND ACTIVITIES

The Charity has a membership across the world and was formed primarily for the advancement of science and spread of scientific knowledge particularly in the field of woody plants and related botany; the advancement of education particularly in the field of botany and botanical research by any charitable means including the publication and dissemination of the useful results of such research and by the provision of scholarships, grants or bursaries for the study of botany and by the promotion of study through visits to forests, woods, gardens and plantations in all parts of the world for botanical study and debate; and the advancement of environmental protection and improvement through the cultivation, preservation and protection of rare and endangered species, varieties and cultivars of woody plants in all parts of the world.

The Charity produces a Yearbook and is responsible for the development and updating of Trees and Shrubs Online , and makes grants to organisations around the world that are involved in the cultivation, preservation and protection of woody plants, and to individual dendrologists (often from developing countries) to enhance their professional development or to allow their participation in dendrological events worldwide.

The trustees confirm that they have paid due regard to the guidance given by the Charity Commission on public benefit and reviewed the objectives of the Charity this period in the context of this guidance. The public benefit of the Charity’s work is to promote public understanding and protection of woody plants across the world through its publications, projects and educational bursaries.

ACHIEVEMENTS AND PERFORMANCE

As a result of the COVID-19 pandemic, measures have been taken to continue to operate in a COVID-secure manner, including the introduction of online lectures and webinars, videoconference meetings. and remote working. No study periods were able to take place during the year although plans are in place to restart the schedule. Members have been encouraged to donate after attending online webinars and this has been successful. Work on publications has continued, including the Yearbook and the Trees and Shrubs Online website which is being updated genus by genus. As shown in note 6 to the accounts, a grant was awarded towards management costs of Trees and Shrubs Online.

Investments appreciated during the year following a difficult previous year when values were impacted by economic uncertainty when the pandemic started. The unrealised gain on investments in Schroder Multi-Asset Fund S Distribution Units was £29,954 in the year (compared to a loss on investments of £2,559 during the previous year).

2

INTERNATIONAL DENDROLOGY SOCIETY

TRUSTEES’ REPORT

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

(continued)

FINANCIAL REVIEW

For the year ended 30 September 2021, net income was £21,586 after gains on investments (2020: net expenditure, after losses on investments, of £9,718). The main expenditure during the year was the publication of the Yearbook and development of the Trees and Shrubs Online project. No payments were made in respect of political donations during the period. Further details of the financial position of the Charity are set out in the accounts on pages 6 to 16.

The Statement of Financial Activities summarises the incoming resources and resources expended and these are analysed between unrestricted funds and restricted funds. Restricted funds are funds subject to specific usage. Donations received for the development and maintenance of Trees and Shrubs Online, including adding new genera to the website, are treated as a restricted fund. Work on the website in the period included editing and new authorship and the unspent balance at the end of the period was £98,456 (2020: £122,224). A further restricted fund of £4,323 for educational purposes remains unspent at the end of the period.

Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the Charity. At 30 September 2021, unrestricted funds totalled £285,834 (2020: £240,480).

All grants and donations received by the Charity are applied according to its objects. The trustees agree annually where to apply these funds as part of the budgeting process and monitor their application during the period by consideration of reports at trustees’ meetings.

Reserves policy

The trustees aim to ensure that there is sufficient unrestricted funding in place, or available, to ensure that commitments for the following twelve months can be met including the expected requirements for projects and office costs, and review future plans in this context, including the investment policy. Budgeted unrestricted expenditure for the next twelve months, net of membership subscriptions and apportionment of support costs, is £60,800 and therefore the assets of the Charity are considered adequate to fulfil its obligation.

Risk

The trustees review the risks to the Charity annually, and the risks have been reviewed during the last period. The major risk concerns the on-going funding of the Charity, which relies upon its membership and donations from individuals and other organisations to support its charitable activities. The publication of books is an important way in which the Charity meets its objectives; this can mean significant cost outlay before publication and makes the management of funds particularly important. A funding strategy is in place to ensure the work of the Charity can continue for at least twelve months ahead. The Charity has comprehensive insurance policies in place.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The activities of the Charity are governed by its Constitution registered on 4 May 2018 and amended on 5 September 2020 and managed by the trustees.

The minimum number of trustees is three and trustees generally meet three times a year. The trustees are responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

3

INTERNATIONAL DENDROLOGY SOCIETY

TRUSTEES’ REPORT

FOR THE PERIOD ENDED 30 SEPTEMBER 2021

(continued)

Trustees are recruited through recommendation, with a view to maintaining a balance of experience on the Board. Appointment generally takes place at the Annual General Meeting and trustees offer themselves for reelection at each Annual General Meeting. There is no fixed term of appointment. The Charity undertakes an induction process which includes meetings with other trustees and the Secretary and provides support for instruction on the responsibilities of trustees in the management of the Charity.

The trustees delegate responsibilities to the Secretary to manage the operation of the Charity on a day-to-day basis, but decisions of a strategic nature are reserved for the Board of trustees.

FUTURE PLANS

The Charity’s activities will continue to advance the public understanding of woody plants and to promote the cultivation, preservation and protection of endangered species and varieties, through its membership, publications, the development of Trees and Shrubs Online and support of international projects.

Colonel J R G Crisp Trustee

27 January 2022

4

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF

THE INTERNATIONAL DENDROLOGY SOCIETY

I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 September 2021 which are set out on pages 6 to 16.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Sarah J Morley ACA 27 January 2022 Kendall Wadley LLP Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS

5

INTERNATIONAL DENDROLOGY SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Note Income from: Donations 2 Charitable activities 3 Investments 4 Total incoming resources Expenditure on: Raising funds 5 Charitable activities 5 Total resources expended Net income for the period before gains and losses on investments (Losses)/gains on investments Net income for the period and movement in funds Total funds at the beginning of the period Total funds at the end of the period

Unrestricted funds £ Restricted funds £ Total 2021 £ Total 2020 £ 29,567 48,050 77,617 85,785 45,848 - 45,848 49,787 12,491 - 12,491 11,288 87,906 48,050 135,956 146,860 (31,310) (2,708) (34,018) (26,527) (41,196) (69,110) (110,306) (127,492) (72,506) (71,818) (144,324) (154,019) 15,400 (23,768) (8,368) (7,159) 29,954 - 29,954 (2,559) 45,354 (23,768) 21,586 (9,718) 240,480 126,547 367,027 376,745 285,834 102,779 388,613 367,027

The notes on pages 8 to 16 form part of these accounts.

All recognised gains and losses are included in the above.

All income and expenditure derive from continuing operations.

6

INTERNATIONAL DENDROLOGY SOCIETY

BALANCE SHEET

AT 30 SEPTEMBER 2021

Note Fixed assets Intangible assets 7 Investments 8 Current assets Other debtors Cash at bank and in hand Liabilities Creditors falling due within one year 9 Net current assets Creditors falling due after more than one year 9 Total net assets Funds of the Charity 11 Unrestricted funds Restricted funds Total Charity funds	2021 £ £ 3,832 323,199 - 135,526 135,526 (33,540) 101,986 (40,404) 388,613 285,834 102,779 388,613	2020 £ £ - 293,245 956 150,372 151,328 (34,372) 116,956 (43,174) 367,027 240,480 126,547 367,027	2020 £ £ - 293,245 956 150,372 151,328 (34,372) 116,956 (43,174) 367,027 240,480 126,547 367,027
			367,027
			240,480 126,547
			367,027

The notes on pages 8 to 16 form part of these accounts.

These accounts are prepared in accordance with the Charities Act of 2011 and Financial Reporting Standard 102 and SORP (FRS 102). Although the Charities (Accounts and Reports) Regulations 2008 refer to an earlier withdrawn SORP, these accounts follow SORP (FRS 102) as the applicable generally accepted accounting practice.

The accounts on pages 6 to 16 were approved by the trustees and were signed on its behalf by:

Colonel J R G Crisp Trustee

27 January 2022

7

INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2021

1 Principal accounting policies

Basis of accounting

The accounts have been prepared under the historical cost convention modified for the revaluation of investments and on a going concern basis.

The Charity constitutes a public benefit entity as defined by Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the financial statements have been prepared in accordance with FRS 102 (issued on 16 July 2014), the Charities Act 2011, and the Statement of Recommended Practice 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 (FRS102) (as amended for accounting periods commencing from 1 January 2019). As permitted by FRS 102 Section 1A, the accounts do not include a cash flow statement.

Taxation

The company is a registered charity and as such is not generally liable to taxation. For this reason, there is no tax reconciliation note.

Income

All income is included in the Statement of Financial Activities when the Charity is legally entitled to the income, its receipt is probable, and the amount can be measured reliably.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. Support costs, including the governance costs of general running of the Charity and fulfilling statutory and constitutional requirements, are apportioned across activities based upon estimated time spent.

Grants are made in accordance with the objectives of the Charity and authorised by the trustees.

Intangible fixed assets

Intangible fixed assets are stated at cost. Amortisation is charged by equal annual instalments commencing with the date that the cost is incurred at rates estimated to write off their cost or valuation less any residual value over the expected useful lives which is 3 years for information systems.

Investments

Investments are shown in the accounts at market value. Gains or losses on realisation or revaluation are added to or deducted from capital as appropriate and shown separately in the Statement of Financial Activities.

Cash and cash equivalents

Cash and cash equivalents include deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

8

INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2021

(continued)

Creditors

Creditors are measured at settlement amount. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Life membership subscriptions are treated as deferred income within creditors and amortised to income over a period of twenty years, being the estimated length of time over which life membership benefits are expected to be used by the members.

Financial instruments

In accordance with section 11 of FRS 102, the charity has basic financial instruments that are recognised in the balance sheet when the charity becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. Liabilities are recognised when there is a measurable present obligation for a likely transfer of economic benefits upon settlement.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds is charged against the specific fund, where appropriate.

Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

9

INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2021

(continued)

2 Donations Unrestricted funds: Donations Restricted fund: Trees and Shrubs Online Donations received for development and maintenance Donations received for addition and updating of new genera Total 3 Charitable activities Annual membership subscriptions Amortised life membership subscriptions Study periods income Sales of publications and royalty Other 4 Investment income Dividends Interest	2021 £ 29,567 31,780 16,270 48,050 77,617 £ 36,558 6,167 - 363 2,760 45,848 £ 12,479 12 12,491	2020 £ 31,206 26,797 27,782 54,579 85,785 £ 30,900 6,202 11,870 545 270 49,787 £ 11,154 134 11,288

10

INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2021

(continued)

5 Total resources expended Basis of apportionment Costs directly allocated to activities Tour costs Direct Other activities Direct Membership and events administration Direct Study period costs Direct Yearbook and other publication costs Direct Trees and Shrubs Online Direct Grants & bursaries (Note 6) Direct Membership subscriptions Direct Amortisation Direct Support costs apportioned to activities Accountancy fees Staff time Administration and other office salaries Staff time Meeting costs Staff time General office costs Staff time Total support costs Total resources expended	Raising funds Charitable activities Total 2021 £ £ £ 4,989 - 4,989 - 2,548 2,548 - - - - - - - 25,229 25,229 - 64,652 64,652 - 5,000 5,000 - 876 876 1,916 - 1,916 4,035 2,081 6,116 15,075 7,031 22,106 418 215 633 7,585 2,674 10,259 27,113 12,001 39,114 34,018 110,306 144.324	Total 2020 £ 5,216 - 10,941 5,278 29,649 61,811 5,631 1,298 -
		7,995 14,437 3,333 8,430
		34,195
		154,019

Accountancy fees comprise £960 (2020: £960) in respect of independent examination and £5,156 (2020: £7,035) for accounts preparation and related costs and support with management reporting.

Support costs include governance costs of £6,033 (2020: £8,943) comprising year end accounting and independent examination, meeting expenses and legal costs, and an allocation of administration and other office salaries. Support costs are apportioned across activities based upon estimated staff time spent.

Salaries in respect of two part-time employees include wages and salaries of £21,462 (2020: £12,962) and pension cost of £644 (2020: £155).

No trustees received remuneration nor reimbursement of expenses. Trustees’ liability insurance is in place.

11

INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2021

(continued)

The analysis of the previous period’s costs was as follows:

Basis of apportionment Raising funds Charitable activities £ £ Costs directly allocated to activities Tour costs Direct 5,216 - Other activities Direct - - Membership and events administration Direct 8,206 2,735 Study period costs Direct - 5,278 Yearbook and other publication costs Direct - 29,649 Trees and Shrubs Online Direct - 61,811 Grants & bursaries (Note 6) Direct - 5,631 Membership subscriptions Direct - 1,298 Support costs apportioned to activities Accountancy fees Staff time 3,064 4,931 Administration and other office salaries Staff time 5,533 8,904 Meeting costs Staff time 1,277 2,056 General office costs Staff time 3,231 5,199 Total support costs 13,105 21,090 Total resources expended 26,527 127,492 6 Grants and bursaries Student bursaries for tours and related costs Contribution to management of_Trees and Shrubs Online_	Raising funds Charitable activities £ £ 5,216 - - - 8,206 2,735 - 5,278 - 29,649 - 61,811 - 5,631 - 1,298	Total 2020 £ 5,216 - 10,941 5,278 29,649 61,811 5,631 1,298 7,995 14,437 3,333 8,430 34,195 154,019 2021 £ - 5,000 5,000	2020 £ 631 5,000
	3,064 4,931 5,533 8,904 1,277 2,056 3,231 5,199	7,995 14,437 3,333 8,430
	13,105 21,090
	26,527 127,492
			5,631

12

INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2021

(continued)

7 Intangible fixed assets

Intangible fixed assets at the end of the period relate to costs incurred on development of membership database systems.

2021 £ Cost At beginning of the period 1,014 Additions 5,748 Cost of intangible assets at end of the period 6,762 Amortisation At beginning of the period 1,014 Eliminated on disposals - Charge for the period 1,916 Amortisation at end of the period 2,930 Net book value at end of the period 3,832 Fixed asset investments Investments Total 2021 £ £ Market value of investments at beginning of the period 293,245 293,245 Acquisitions at cost - - Change in value in the period 29,954 29,954 Market value of investments at end of the period 323,199 323,199 Cost of investments at end of the period 291,488 291,488	2021 £ Cost At beginning of the period 1,014 Additions 5,748 Cost of intangible assets at end of the period 6,762 Amortisation At beginning of the period 1,014 Eliminated on disposals - Charge for the period 1,916 Amortisation at end of the period 2,930 Net book value at end of the period 3,832 Fixed asset investments Investments Total 2021 £ £ Market value of investments at beginning of the period 293,245 293,245 Acquisitions at cost - - Change in value in the period 29,954 29,954 Market value of investments at end of the period 323,199 323,199 Cost of investments at end of the period 291,488 291,488	2020 £ 1,014 -
		1,014
		1,014 - -
		1,014
		-
		Total 2020 £ 296,428 (624) (2,559)
	323,199 323,199	293,245
	291,488 291,488	291,488

8 Fixed asset investments

At the end of the year, all investments are held by Cazenove Capital in Schroder Charity Multi-Asset Fund S Distribution Units.

13

INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2021

(continued)

8 Fixed asset investments (continued)

The movements in fixed assets investments in the previous period were:

			Funds for	Funds for			Total
		Investments	reinvestment				2020
		£		£			£
	Market value of investments at beginning of	226,428		70,000	296,428
	the period
	Disposals	-		-			-
	Acquisitions at cost	69,376		(70,000)		(624)
	Change in value in the period	(2,559)		-		(2,559)
	Market value of investments at end of the	293,245		-	293,245
	period
	Cost of investments at end of the period	291,488		-	291,488
9	Creditors
					2021			2020
					£			£
	Creditors falling due within one year
	Trade creditors			7,917				13,537
	Other creditors				-			70
	Accruals			17,660				13,175
	Deferred income (Note 10):
	Life membership subscriptions			5,858				6,005
	Study period income			2,105				1,510
	Subscriptions in advance				-			75
				7,963				7,590
				33,540				34,372
	Creditors falling due after more than one year
	Deferred income: Life membership subscriptions	(Note 10)		40,404				43,174

14

INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2021

(continued)

10 Deferred income

Life membership subscriptions Deferred income at the beginning of the period Subscriptions received in the period and deferred Amounts released Deferred income at end of the period Being: Creditors falling due within one year Creditors falling due after more than one year	2021 £ 49,179 3,250 (6,167) 46,262 5,858 40,404 46,262	2020 £ 54,756 625 (6,202) 49,179 6,005 43,174 49,179

Deferred income for study period income relates to amounts received during the period for attendance at study periods due to take place after 30 September 2021. Subscriptions in advance relate to membership subscriptions received in respect of future years.

11 Movements in funds

At beginning of the period Incoming resources Resources expended Gains/(losses) on investments At end of the period	2021 Unrestricted funds Restricted funds (Note 12) Total £ £ £ 240,480 126,547 367,027 87,906 48,050 135,956 (72,506) (71,818) (144,324) 29,954 - 29,954 285,834 102,779 388,613	2020 Unrestricted funds Restricted funds (Note 12) Total £ £ £ 237,097 139,648 376,745 92,281 54,579 146,860 (86,339) (67,680) (154,019) (2,559) - (2,559)
		240,480 126,547 367,027

15

INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2021

(continued)

12 Restricted funds

At beginning of the period Incoming resources Resources expended At end of the period	2021 2020 Education Fund Trees and Shrubs Online Total Education fund Trees and Shrubs Online Total £ £ £ £ £ £ 4,323 122,224 126,547 4,323 135,325 139,648 - 48,050 48,050 - 54,579 54,579 - (71,818) (71,818) - (67,680) (67,680) 4,323 98,456 102,779 4,323 122,224 126,547

During the year, donations were received to continue the Charity’s Trees and Shrubs Online project, both for development, editing and maintenance of the website (including a grant awarded by the Charity itself) and for authorship of information about new genera not included in the original W J Bean publication. Resources expended in the year include apportioned support costs of £7,166 (2020: £5,869).

13 Analysis of net assets

Analysis of net assets
		2021			2020
	Unrestricted	Restricted		Unrestricted	Restricted
	funds	funds	Total	funds	funds	Total
	£	£	£	£	£	£
Intangible fixed assets	3,832	-	3,832	-	-	-
Fixed asset investments	323,199	-	323,199	293,245	-	293,245
Current assets	18,197	117,329	135,526	6,319	145,009	151,328
Current liabilities	(18,990)	(14,550)	(33,540)	(15,910)	(18,462)	(34,372)
Non-current liabilities	(40,404)	-	(40,404)	(43,174)	-	(43,174)
	285,834	102,779	388,613	240,480	126,547	367,027

16