## **INTERNATIONAL DENDROLOGY SOCIETY** **UNAUDITED REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** **Registered Charity No. 1178252 Charitable Incorporated Organisation No. CE014010** 1 **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| 2 **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. 3 1 ## **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). 4 2 ## **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. 5 3 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 7 5 ## **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. 8 6 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. 10 8 ## **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. 11 9 ## **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| 12 10 ## **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. 13 11 ## **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. 14 12 ## **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. 15 13 ## **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. 16 14 ## **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. 17 15 ## **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**| 18 16