2023-09-30-accounts

INTERNATIONAL DENDROLOGY SOCIETY

UNAUDITED REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

Registered Charity No. 1178252 Charitable Incorporated Organisation No. CE014010

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INTERNATIONAL DENDROLOGY SOCIETY

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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

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INTERNATIONAL DENDROLOGY SOCIETY

REFERENCE AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2023

International Dendrology Society

Charity Name:	International Dendrology Society
Governing Instrument:	The Charity is a Charitable Incorporated O
	share capital, governed by its Constitution
	amended on 5 September 2019.
Registered Charity No:	1178252
Charitable Incorporated Company No:	CE014010
Trustees:	Lady D Rowland (Chairman)
	Mrs C van Beuningen-Rauwenhoff
	Mr A Brunel
	The Earl of Cork & Orrery
	Mrs C Feldman (resigned 22 October 2022)
	Mrs F von Finck
	Lord Howard of Penrith
	Mrs A M Johnson
	Mr W W R Kerr
	Mr A S Kirkham
	Mrs M-C de Laubarède
	Mr A Rammeloo
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

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.

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INTERNATIONAL DENDROLOGY SOCIETY

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

The trustees present the report and accounts for the International Dendrology Society (“the Charity”), which are unaudited, for the year ended 30 September 2023. 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

The Charity has held successful Study Periods, a Winter Lecture, and a Cocktail Party which again focused upon fundraising for Trees and Shrubs Online . Some elements of online operation have been retained including videoconferencing some meetings and remote working. The increased focus on encouraging participation of younger members continues.

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 of £19,000 (2022: £18,000) was awarded from unrestricted funds towards management costs of Trees and Shrubs Online. Against this, support costs of £9,000 (2022: £8,000) have been charged, allocated based upon estimated staff time spent.

In the continued uncertain international situation and volatile markets, the value of investments fell during the year. The unrealised loss on investments in Schroder Multi-Asset Fund S Distribution Units was £9,132 in the year (compared to an unrealised loss on investments of £24,038 during the previous year).

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INTERNATIONAL DENDROLOGY SOCIETY

TRUSTEES’ REPORT

FOR THE PERIOD ENDED 30 SEPTEMBER 2023

(continued)

FINANCIAL REVIEW

For the year ended 30 September 2023, net income was £22,645 after losses on investments (2022: net income, after losses on investments, of £43,857). The main expenditure during the year was the publication of the Yearbook and development of the Trees and Shrubs Online project, including fundraising advice. 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 £157,134 (2022: £126,097). A further restricted fund for education purposes has been increased through donations during the year as well as a grant of £5,000 from unrestricted funds. Bursaries have been paid from this fund during the year to allow young dendrologists to attend tours in South Korea and North Vietnam. The Education Fund stands at £14,669 (2022: £9,669). Donations to restricted funds include grants received from unrestricted funds as explained in notes 1 and 12 to the accounts.

Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the Charity. At 30 September 2023, unrestricted funds totalled £283,312 (2022: £296,704).

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 £111,000 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 2019 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.

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INTERNATIONAL DENDROL(KY SOCIETY TRUSTEES, REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 (continued) Trustees are recruited through recommendation. with a view to maintsining a balance of experience on the Board. Appointment generally tak¢s place at the Aonual General Meeting and trnstees offer themselves for re- eleLtion at each Annual GeTEerdl Meeting. There is no fixed tern] of aP￿intment. The Charity undertakes an indu¢tion process which includes m¢etings with other trnstees and the Secretary alld providc5 SUPPOrt for instruction on the resy)nsibilities of trt￿le¢s in the management of the Charity. The trustees delegate responsibilittes to the Secrelary to manage the opeTalion of the Charity on a day-t(Fday basi5, but decisions of a strategic naturc arc Tcscrved for the Board of trustees. FUTURE PLANS The Charity's activities will continu¢ to advance the public undctstonding of wo(Kly plants and to promote the ultivation: preservation and prOt￿tIon of endangered species and varieties. through its iy]embership. publicaiions, the dev¢lopm¢nl of Trees ondshrnbs Online and support of international projects. Lady D Rowland Truste¢ 2024

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 2023 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

3. 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

7 February 2024

Kendall Wadley LLP Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS

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INTERNATIONAL DENDROLOGY SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 losses on investments Losses on investments 8 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 £ 70,704 61,216 16,554 148,474 (66,984) (85,750) (152,734) (4,260) (9,132) (13,392) 296,704 283,312	Restricted funds £ 117,388 - - 117,388 (3,606) (77,745) (81,351) 36,037 - 36,037 135,766 171,803	Total 2023 £ Total 2022 £ 188,092 184,719 61,216 63,416 16,554 13,141 265,862 261,276 (70,590) (39,561) (163,495) (153,820) (234,085) (193,381) 31,777 67,895 (9,132) (24,038) 22,645 43,857 432,470 388,613 455,115 432,470

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.

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I￿TERNATIONAL DENDROLOGY SOCIETY BALANCE SHEET AT 30 SEFfEMBER 2023 No 2023 2022 Fixed a$$¢t$ Intangible assets Investments 3,236 299,161 289,150 Current assets Cash at bank and in hand 272272 617 215,010 Prepayments 272089 215.010 Liabilities Creditors falling due within one year Net current asset5 {65,170) (44,401) 207,719 (42,414) 455,115 170,609 (40,536) 432,470 Creditors falling due after more than one year 9 Total net assets Funds of the Charity Unrestricted fimds Restricted funds Totsl Charity funds 283J12 171,803 455,115 296,704 135.766 432.470 The notes on pages 8 to 16 foTm part of these accounts. These ￿coUnts are prepared in accordance wilh the Charities Act of 2011 and Finan¢ial Rewrting 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 t￿￿ and We￿ signed on its behalf by". Lady D Rowland Trustee 2024

INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2023

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, grants awarded from the Charity’s unrestricted funds 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.

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INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2023

(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.

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INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2023

(continued)

2 Donations

2023 £ Unrestricted funds: Donations 70,704 Restricted funds: Trees and Shrubs Online Donations received for development and maintenance 61,050 Donations received for addition and updating of new genera 46,338 Education Fund 10,000 117,388 Total 188,092 Donations received for restricted funds include £24,000 (2022: £23,000) from unrestricted funds as detailed in note 6. 3 Charitable activities £ Annual membership subscriptions 41,375 Amortised life membership subscriptions 5,443 Study periods income 10,910 Sales of publications and royalty 423 Other 3,065 61,216 4 Investment income £ Dividends 12,987 Interest 3.567 16,554	2022 £ 72,610
	50,334 55,679 6,096
	112,109
	184,719 the Charity’s £ 36,790 6,133 15,945 228 4,320 63,416 £ 12,833 308 13,141

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INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2023

(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 Fundraising consultancy 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 2023 £ £ £ 8,533 - 8,533 - 6,302 6,302 - 5,895 5,895 - 38,324 38,324 25,000 - 25,000 - 67,351 67,351 - 29,000 29,000 - 870 870 2,576 - 2,576 4,534 2,286 6,820 20,144 8,572 28,716 2,385 1,203 3,588 7,418 3,692 11,110 34,481 15,753 50,234 70,590 163,495 234,085	Total 2022 £ 5,658 6,997 6,516 30,359 - 70,372 23,750 870 2,576
		5,773 23,663 5,989 10,858
		46,283
		193,381

Accountancy fees comprise £1,020 (2022: £960) in respect of independent examination and £5,800 (2022: £4,813) for accounts preparation and related costs and support with management reporting.

Support costs include governance costs of £9,982 (2022: £11,627) 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 £27,880 (2022: £22,974) and pension cost of £836 (2022: £689).

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

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INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2023

(continued)

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

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 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

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	2023 £ 19,000 5,000 24,000 5,000 29,000	2022 £ 18,000 5.000
		23,000 750 23,750

Applications for bursaries are encouraged through publicity to students and young members.

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INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2023

(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 Disposals Change in value in the period Market value of investments at end of the period Cost of investments at end of the period	2023 £ 8,742 - 8,742 5,506 2,576 8,082 660 2023 £ 299,161 (879) (9,132) 289,150 290,614	2022 £ 6,762 1,980
		8,742
		2,930 2,576
		5,506 3,236 2022 £ 323,199 - (24,038)
		299,161 291,488

All investments are held by Cazenove Capital in Schroder Charity Multi-Asset Fund S Distribution Units.

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INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2023

(continued)

9 Creditors

Creditors falling due within one year Trade creditors Accruals Deferred income (Note 10): Life membership subscriptions Lecture 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	2023 £ 28,959 31,418 4,772 21 4,793 65,170 42,414 2023 £ 45,629 7,000 (5,443) 47,186 4,772 42,414 47,186	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

As explained on page 9, life membership subscriptions are amortised over the future period that the benefits are expected to be used by the members.

Income totalling £21 received for autumn/winter webinars taking place within one year has also been deferred.

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INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2023

(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	2023 Unrestricted Funds Restricted funds (Note 12) Total £ £ £ 296,704 135,766 432,470 148,474 117,388 265,862 (152,734) (81,351) (234,085) (9,132) - (9,132) 283,312 171,803 455,115 2023 Education Fund Trees and Shrubs Online Total £ £ £ 9,669 126,097 135,766 10,000 107,388 117,388 (5,000) (76,351) (81,351) 14,669 157,134 171,803	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

12 Restricted funds

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 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 £9,000 (2022: £8,000).

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 a business donation 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. During the year, bursary grants were paid for a young attendee on a tour to Korea and for two attendees on trips to Vietnam.

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INTERNATIONAL DENDROLOGY SOCIETY

NOTES TO THE ACCOUNTS

30 SEPTEMBER 2023

(continued)

13 Analysis of net assets

Analysis of net assets
		2023			2022
	Unrestricted	Restricted		Unrestricted	Restricted
	Funds	funds	Total	funds	Funds	Total
	£	£	£	£	£	£
Intangible fixed assets	660	-	660	3,236	-	3,236
Fixed asset investments	289,150	-	289,150	299,161	-	299,161
Current assets	77,882	195,007	272,889	64,464	150,546	215,010
Current liabilities	(41,966)	(23,204)	(65,170)	(29,621)	(14,780)	(44,401)
Non-current liabilities	(42,414)	-	(42,414)	(40,536)	-	(40,536)
	283,312	171,803	455,115	296,704	135,766	432,470

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