INrERNATtONAL DENDR0￿y SO(:JETY UNAUDrrED RF.PORT AND ACCO[￿j FOR THE YEAR F.NDF.D 30 SEPTEMBF.R 2022 R¢iMered Ch217tV iyo. 11782i2 C.h2ritable Ineorw)r*ied Or%aDisatx)o CFJ114010 IwrF.RNATIONAL DENDR0L￿y %OCXETY REPORT AND Accouwr F()R THE YEAR ENDED 30 SF.PTEMBER 2022 15 Feb 2023 Rcfcrcnce and adMi￿Ve infonnation IndeFn(knt I.￿l0cr,S Rcport Statement of financial activiiies 8-16 Notcs to the accounts 15 Feb 2023 t￿rERNATIONAL DENDR0￿y sOc￿y REFERENCE AND ADMINLrnTIVE INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 C'.harity Name: Govérniuu iDstr•me•tr. The C'harity is a C'haritable IncoTP)rated (hsanisation rni having a 5h3Te capitsl. governed by ILS C.or￿Llution dated 4 May 2018 as amended on 5 septunber 2019. Rc%i%tered Cbarity No: 1178252 Cbarit*ble Incorporated C.omp4y No: CFA)14010 tady D Rowlatyl (Lhairnianl {appoinwt 16 lthebn￿ry 20221 Mrs C van Be￿Ing•FRaUw¢fthoff {8ppointed 16 kebruary 2022) Mr A Bruncl The EArl of c.ork & Orrery Colonel J R G C'TISP (restgnal 26 July 2022) Mt5 (" Felthnan ITEsiwKd 22 2022) Mrs F N'on Finck (apwinted 26 Juty 2022) Howard of Penrith Mrs A M Johnson MrWWRKerr Nqr A S Kirkham (ap￿Inted 16 2022) Mrs Ml" de laubar¢d¢ Mr A Rallllnek￿1 Hergest Ftstste ()tfKe Kington Heteford5hire HRS 3F.G Miss E A Malcolm Bankers: CAF Bank 25 Kin￿ Elill Av¢nu¢ Kin J Flill West Mallin Keni Mb.194JQ Invtstment MaD%gen: Caz¢novc Capital I IA)ndon Wall Place IA)ndon F.1'2Y SAU Independent ExamiDer. Satah J Morley ACA Kendall Wadley LLP Cjfdnts IAx4ge 71 (iTaham R(￿1 MalN'crn WR142JS INTE￿NATIONAL DE￿DR0L￿y SOC.IETY TRUSTFF_S. RF.poiYr FOR THF. YEAR ENDF.D 30 sY.vfF.MBER 2022 The trustees present the reFKTrrt and accounts forthe IMernational l)endrolo£v S planty and to individual d¢ndrol(vdists (often from d¢v¢lopinTh ¢oufAEries) lo enhanc¢ iheir professional development or to allow th¢ir participaiion in d¢ndrological cvents worldwide. The tnMces confmn th￿ ￿Y havc rAid duc re0￿ to the Euidance given ty the Charitv C'ommission on publi benefit and reviewed the obicaiv¢s of the (Thaw. this TXTI￿ in the conlexl olthis guidance. The public i*ncfIl ol the (ljatity's w(*k is to wvm(x¢ ￿b]IC unthrstsnthn(tr aThJ I￿(￿110￿ of w(￿Y piants across the world through its publication4 wjjects and educalK￿l bursari￿. AcHIEVEm￿s AND PF.RFORMAIIC.E In-personaciivities have ststrtcd asain followryngthe C'OVll>19 pandcmic. Includin￿ a 5eri¢s orsucc￿srul Siudy Pcri(MJs. a Winlcr IAXtur¢. and a C'(Kktsil ParN' M4)ich f￿U$&I up)n fundTaisin£ for Trees ¢￿d.shr￿hs c)nline. ttte elemenis of online orKralion have been relained including Videoconferencin￿ some mLYtin¥. and rcmol¢ working. The￿ has IKen increased f(Kus on enCO￿1ng participation of yO￿ger M￿llb￿s. W(?Tk on publicaii(ms bas ¢ontinueJL including the Y￿k aDd th¢ Tn'es uNI.¥hrnh.s l)nline website which is IL"ing UTKI￿ed gcnui bv g¢nus. As Show￿ in note 6 to the accoun1& a wt of £18,000 (2021: £5,000) ￿'aS awarded from uox¢stricted funds lo￿1rdS. nwagemeni cos1$ of Trw and Shrubs ()nline. Against this. SUPF COS15 of £8,000 <2021: £7,166) have been charged allrtated based uwn cstim*ed stsff time Spent. In an unccrtain inlcrn81ioftal situation and volatile markets. the value of Investments fell during the )ear. The unrraliscd lo&% Im investments in Schrod¢r Multi-Awt Fund S l)istribution Ilnits £24.038 in the yeat (compared to a 8ain on investmelrts of £29.954 durxng the previous year). IwrERNATIONAL DENDR0￿y SOCIETY TRUSTEES, REPORT FOR THE PERIOD ENDED 30 SEFfEMBER 2022 (eoRtiDued) FINANCIAL REVIEW ["'or the year ended 30 September 2022. t*t income was £43.857 after losses on investments (2021: net incom after gains on investment¥ of £21586}. The main exr*nditure during the )'ear was the publication of the Yearlx)uk and development of the Trees und.SITubs ()nline proje￿. No pa￿ents were rnade in respect of political donations during the perioj. Futfher detsils of the fu)a￿l￿ ￿SitIon of the C"Iwity are set out in the accounts on pages 6 to 16. analyscd betwcen unrestricted funds and Testridcd funds. Rcstrict¢d funds arc funds subj¢¢i Io SFtcifi¢ usage. tk)nations received for the deveIopment and mainienance of Trees and Shrubs Online. iticluding additio new gcnera to thc web51t¢, are treated as a r¢5trided fund. Work on the Mtbsite in th¢ period included editing and new authorship and the unspent balance ￿ the end of the ￿Li)d w&8 £126,097 (2021.. £98,4S6). A further re5trictd fund foT education purposes has been incr¢as¢d ihrouJ doftaiions durin¢Tr th¢ y¢ar as well as a ￿t of £5.000 from unrLMri¢icd funds. Burwies hav¢ Ixen paid fr￿n this fund durins the )'¢ar to allow young dendrologists to anend a tour in Sloveni& The FAlu¢alion Fund stsnds at £9.669 (2021: £4.32)). Donations io restrieied funds include grants rec¢ivcd from unrcstricted fijnds as explaincd ID notes l and 12 to thc accounts. Unrethicted funds are &xtaable at the discreiion of th¢ irv￿¢¢$ in further￿¢ of objects of the (Tharity. At 30 Septevnkr 2022. unrestricted funds totalled £296.704 (2021: £285.834). All gtants and donaiionsreceived by the Cjwity are applied a¢cordingto itsobjects. The trU￿eeSagre¢ annualh, where to apply these funds as part of the budgding pr(*¢ss and monitor th¢ir applicalion during th¢ period considerdtion of repxts at Irustees. m¢eliD&S. RLvrYes policv The trustees aim to ensure that tlwe is sufficient unrestri￿￿ funding in plac< or available, to ensure that commitments for the following tweli'e Months can ￿ met including the el￿cted requirements for projects and office COS￿ and review fuTurc plans in this contcxL includino . the investmevrt p)licy. tjudgetej unre5tricied expenditure for the next twelve months. net of memtKrship subKriptions and apFX)rtionment of support cost is £71.J)5 and thcrcforc ihc ass¢ts of the Clwitv are considered adquate to fulfil its oblisation. Risk Thc trustees review the risks to the C'harity annually. and the risLs hvc been review¢d dwing thc l&%t peri(xl. Th¢ major risk concerns the on-going fundintt orth¢ Charity. which reli¢s its mcmbership and donaiions from individuals and other organisations to supp(xt lis chatitable actii'itics. The publication of Ixx)ks is an imw)rtant ￿'aV in which the C"hartfv Tneets its objectiv(%; this can M￿￿ Si￿lf1¢an1 CO￿ othlav befor¢ publication and makes the managesnent of fun&% particularl> imEK>rtaffl. A fvnding strdtegy is in place to ensure the work of Ihe ('harity can continue forat lea￿ twclvc mmihs 8h(*L The C"harity has comprehensive ingjrdnce Folicies in place. STRUCTURE, GOVERNANCE AND MANAGEMENT Th¢ activities of tlK Lharity are governed by its CoLqituti(m regigued on 4 Mav 2018 and amended on 5 8epteTnber 2019 aTMI Tnanaged by th¢ trnstees. The minimuTn number of tru#e¢s is three and trU￿ee$ genernlty m¢¢t thr¢¢ tim¢s a year. The tntstee5 are responsible for safeguarding the assets of the ChaTity and for tskiog reason￿le st¢P5 for Ihe prevention and detection offrdud and othw iTre8lllarwties. I￿RNATIONAL DENDR0L￿y SOCIETY TRUSTEF.S' REPORT FOR THF. PF.RIOD ENDED 30 SF.vfEMBER 2022 (¢olltinued) Trust¢es a￿ re¢ruitoJ ihrouJ r¢commcndaliorL WTth a Tr'icw io maltrtaining a balance of eiperience on the Iloard. Appointment generally takes place at the Annual (ieneral Meeiing and tru￿e¢S offer themselves for re- ¢l¢clion ai cach Annual (icn¢ral M(tiin1) (34,018) (75,735) (1532120) ( I I OJ06) (79,122) (193J81) (144,324) Total resourees expended Net xncfyme for the period before gai and losses oll in￿eStMents 32,987 67W5 (¥038) (8,i68) 29,954 (Los5e5ygaiJJs OD ijJve5tments Net income for the period 2nd movement ID fvnds (24.038) 10070 32.987 43*57 21.586 Total funds #t the brynnin• of the ptriod 285834 102,779 38&613 367.027 Total funds at the end of Ihe period 296,704 135,766 432,470 388,613 The notes on pages 8 10 16 forni part of ihese xcounts. All rccogtiised gains and lo￿ arc included in the alx)ve. All income and cxpenditur¢ derive from continuing 0￿r￿1 INTERNATIONAL DENDROL(KY SOCIETY BAL￿￿1c.E SHF.F.T AT 30 SEvfEMBER 2022 N'o 2022 2021 Fixcd a&￿ts Intangible assets Invvtithients 3236 299,161 32i.199 C'urrent assets C&8h at bank and in haThl 215,010 21i,010 li5,526 l j5,5?6 Liabilities C'reditor5 fallin- due within one year Net current assets {44.401) {3i,540) 170,609 (40,536) 432.47Q 101,986 (40.4041 .388.613 Lrediiors falling due after more than one year 9 Total net ￿￿ets Funds of the C.'hxrity Ilnrestrictcd fi]nds Restricted funds Total C.'harity funds 296.71M 13i,766 432.470 285.834 102.779 -)88.613 The notes on pages 8 to 16 forni p2rt of these accou1￿. These accounts are prepared in accordance with thc Cbaritics Aa of ?01 l and Financial ReN)rtintr Standard 102 and SORP (FR% 102). Although the C harities (Accounts and Rermxts) RcgulatiotL% 2008 refer to an earlier withdrawi SC)RP. these accounts follow SORP (FRS 102) as ih¢ applithlc oenerdlly ac£eptLxI accounting practicc. The acwunts on pages 6 to 16 were approved by the th￿teeS and W¢Te signcd ofi its ￿haIrby. IAd% l) Rowland 'I'rusl¢¢ 15 E.'ebruary' 2023 ## **INTERNATIONAL DENDROLOGY SOCIETY** ## **NOTES TO THE ACCOUNTS** ## **30 SEPTEMBER 2022** ## **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. Where restricted funds are separately managed, are treated as restricted income in the Statement of Financial Activities. ## **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 2022** **(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 and are ring-fenced for such 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 2022** ## **(continued)** ## **2 Donations** |**2022**
**£**
Unrestricted funds:
Donations
**72,610**
Restricted funds:
Trees and Shrubs Online
Donations received for development and maintenance
**50,334**
Donations received for addition and updating of new genera
**55,679**
Education Fund
**6,096**
**112,109**
Total
**184,719**
Donations received for restricted funds include £23,000 (2021: £5,000) from the C
funds as detailed in note 6.
**3**
**Charitable activities**
**£**
Annual membership subscriptions
**36,790**
Amortised life membership subscriptions
**6,133**
Study periods income
**15,945**
Sales of publications and royalty
**228**
Other
**4,320**
**63,416**
**4**
**Investment income**
**£**
Dividends
**12,833**
Interest
**308**
**13,141**|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| 10 ## **INTERNATIONAL DENDROLOGY SOCIETY** ## **NOTES TO THE ACCOUNTS** ## **30 SEPTEMBER 2022** **(continued)** |**5**
**Total resources expended**
Basis of
apportionment
_Costs directly allocated_
_to activities_
Tour costs
_Direct_
Other activities
_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_
Secretary 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**
**2022**
£
£
**£**
5,658
-
**5,658**
-
6,997
**6,997**
-
6,516
**6,516**
-
30,359
**30,359**
-
70,372
**70,372**
-
23,750
**23,750**
-
870
**870**
2,576
-
**2,576**
3,838
1,935
**5,773**
16,290
7,373
**23,663**
3,981
2,008
**5,989**
7,218
3,640
**10,858**
31,327
14,956
**46,283**
39,561
153,820
**193,381**|Total
2021
£
4,989
2,548
-
25,229
64,652
5,000
876
1,916| |---|---|---| |||6,116
22,106
633
10,259| |||39,114| |||144,324| Accountancy fees comprise £960 (2021: £960) in respect of independent examination and £4,813 (2021: £5,156) for accounts preparation and related costs and support with management reporting. Support costs include governance costs of £11,627 (2021: £6,033) comprising year end accounting and independent examination and meeting expenses, and an allocation of Secretary 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 £22,974 (2021: £21,462) and pension cost of £689 (2021: £644). No trustees received remuneration nor reimbursement of expenses. Trustees place. 11 ## **INTERNATIONAL DENDROLOGY SOCIETY** ## **NOTES TO THE ACCOUNTS** ## **30 SEPTEMBER 2022** ## **(continued)** The analysis of the previous period |Basis of
apportionment
_Costs directly allocated_
_to activities_
Tour costs
_Direct_
Other activities
_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| |**6**
**Grants and bursaries**
Unrestricted funds:
Grant awarded for management of_Trees and Shrubs Online_
Grant awarded to Education Fund
Restricted funds:
Student bursaries for tours
Education Fund|**2022**
**£**
**18,000**
**5,000**
**23,000**
**750**
**23,750**|2021
£
5,000
-| |---|---|---| |||5,000
-
5,000| Applications for bursaries are encouraged through publicity to students and young members. 12 ## **INTERNATIONAL DENDROLOGY SOCIETY** ## **NOTES TO THE ACCOUNTS** ## **30 SEPTEMBER 2022** ## **(continued)** ## **7 Intangible fixed assets** Intangible fixed assets at the end of the period relate to costs incurred on development of membership database systems. |Cost
At beginning of the period
Additions
Cost of intangible assets at end of the period
Amortisation
At beginning of the period
Charge for the period
Amortisation at end of the period
Net book value at end of the period
**8**
**Fixed asset investments**
Market value of investments at beginning of the period
Change in value in the period
Market value of investments at end of the period
Cost of investments at end of the period|**2022**
**£**
**6,762**
**1,980**
**8,742**
**2,930**
**2,576**
**5,506**
**3,236**
**2022**
**£**
**323,199**
**(24,038)**
**299,161**
**291,488**|2021
£
1,014
5,748| |---|---|---| |||6,762| |||1,014
1,916| |||2,930
3,832
2021
£
293,245
29,954| |||323,199
291,488| 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 2022** ## **(continued)** |**9**
**Creditors**
**Creditors falling due within one year**
Trade creditors
Accruals
Deferred income (Note 10):
Life membership subscriptions
Study period income
**Creditors falling due after more than one year**
Deferred income: Life membership subscriptions (Note 10)
**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|**2022**
**£**
**22,739**
**16,569**
**5,093**
**-**
**5,093**
**44,401**
**40,536**
**2022**
**£**
**46,262**
**5,500**
**(6,133)**
**45,629**
**5,093**
**40,536**
**45,629**|2021
£
7,917
17,660| |---|---|---| |||5,858
2,105| |||7,963| |||33,540| |||40,404| |||**2021**
**£**
49,179
3,250
(6,167)| |||46,262| |||5,858
40,404
46,262| Subscriptions in advance relate to membership subscriptions received in respect of future years. In the previous year, deferred income for study period income related to amounts received during the period for attendance at study periods due to take place after 30 September 2021. 14 ## **INTERNATIONAL DENDROLOGY SOCIETY** ## **NOTES TO THE ACCOUNTS** ## **30 SEPTEMBER 2022** ## **(continued)** ## **11 Movements in funds** |**Movements in funds**||| |---|---|---| |At beginning of the
period
Incoming resources
Resources expended
Gains/(losses) on
investments
At end of the period
**Restricted funds**
At beginning of the
period
Incoming resources
Resources expended
At end of the period|**2022**
Unrestricted
Funds
Restricted
funds
(Note 12)
**Total**
£
£
**£**
285,834
102,779
**388,613**
149,167
112,109
**261,276**
(114,259)
(79,122)
**(193,381)**
(24,038)
-
**(24,038)**
296,704
135,766
**432,470**
**2022**
Education
Fund
Trees and
Shrubs
Online
**Total**
£
£
**£**
4,323
98,456
**102,779**
6,096
106,013
**112,109**
(750)
(78,372)
**(79,122)**
9,669
126,097
**135,766**|**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**| |||**2021**
Education
fund
Trees and
Shrubs
Online
**Total**
£
£
**£**
4,323
122,224
**126,547**
-
48,050
**48,050**
-
(71,818)
**(71,818)**
4,323
98,456
**102,779**| ## **12 Restricted funds** During the year, donations were received to continue the Charity _Trees and Shrubs Online_ project, both for development, editing and maintenance of the website (including a grant awarded from unrestricted funds by the Charity itself) and for authorship of information about new genera not included in the original W J Bean publication. Resources expended include apportioned support costs of £8,000 (2021: £7,166). _Trees and Shrubs Online_ is managed by a committee which separately oversees editorship, financial reporting, and fundraising for the project, and reports to the trustees. Consequently, when the trustees decide to award grants towards the cost of management of _Trees and Shrubs Online_ from unrestricted funds, these are treated as restricted income in the Statement of Financial Activities. During the year, the Education Fund received donations from members, including through the Young Dendrologist scheme, and a grant was awarded from unrestricted funds by the Charity itself. These funds are ring-fenced for educational purposes and managed by the Scientific & Educational Committee. Bursary grants were paid for two young attendees on a tour to Slovenia during the year. 15 ## **INTERNATIONAL DENDROLOGY SOCIETY** ## **NOTES TO THE ACCOUNTS** ## **30 SEPTEMBER 2022** ## **(continued)** ## **13 Analysis of net assets** |**Analysis of net assets**||||||| |---|---|---|---|---|---|---| |||**2022**|||**2021**|| ||Unrestricted|Restricted||Unrestricted|Restricted|| ||Funds|funds|**Total**|funds|Funds|**Total**| ||£|£|**£**|£|£|**£**| |Intangible fixed assets|3,236|-|**3,236**|3,832|-|**3,832**| |Fixed asset investments|299,161|-|**299,161**|323,199|-|**323,199**| |Current assets|64,464|150,546|**215,010**|18,197|117,329|**135,526**| |Current liabilities|(29,621)|(14,780)|**(44,401)**|(18,990)|(14,550)|**(33,540)**| |Non-current liabilities|(40,536)|-|**(40,536)**|(40,404)|-|**(40,404)**| ||296,704|135,766|**432,470**|285,834|102,779|**388,613**| 16