| ~Pb | |
|---|---|
| List of2022Trustees. ..... | |
| Trustee's Annual Report Introduction. ... |
|
| Financial Overview. | |
| Support Fund Performance lk Outlook...... |
|
| Membership Review...... |
|
| Society Review (Project 2020)...... | |
| Management Function Reports...... |
13 |
| Independent Examiners Report...... |
16 |
| Statement ofFinancial Activities. ..... | 17 |
| Balance Sheet. | 18 |
| Notes tothe Accounts. ..... | 19-23 |
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|
| Total Funds on 1Jan. | 163k | 186.5k | 187.5k | 187.4k | 198.3k | 216.5k | 225.7k | 247.7k |
| To NCS main fund | 15k | 4.8k | 11.2k | 15.0k | 11.2k | 25.7k | 22.4k | 24.7k |
| Surplus/Deficit | -28k | 4.6k | -1.0k | 0.1k | -10.9k | -18.2k | -9.1k | -22.0k |
| MEMBERSHIP | REVIEW |
| ~ | ' ~ | ~ | ~ |
|---|---|---|---|
| Patron | f33 | ||
| Family | E33 | ||
| Fellow | f22 | ||
| Overseas Fellow | E44 (i.e.: - extra | E22 to cover p8 p) | |
| Junior (under 16) | Free | ||
| Affiliated Society | f22 | ||
| Overseas Affiliated | Society | E44 (i.e.:- extra | E22to cover ~p&p) |
| rships | totals: | - | - | |||
|---|---|---|---|---|---|---|
| Consolidated | Individual | Affiliated | ||||
| Year | Memberships | Memberships | Societies | |||
| 2010 | 1477 | 1116 | 361 | |||
| 2011 | 1361 | 1028(-88) | 333(-28) | |||
| 2012 | 1227 | 927(-101) | 300(-30) | |||
| 2013 | 1143 | 865(-62) | 278 (-22) | |||
| 2014 | 1043 | 776(-89) | 267(-11) | |||
| 2015 | 964 | 712(-64) | 252 (-15) | |||
| 2016 | 893 | 658(-54) | 235(-17) | |||
| 2017 | 851 | 631(-27) | 220 (-15) | |||
| 2018 | 786 | 574 (-57) | 212(-8) | |||
| 2019 | 726 | 522 (-52) | 204 (-8) | |||
| 2020 | 613 | 450 (-72) | 163(-41) | |||
| 2021 | 630 | 482 (+32) | 148(-15) | |||
| 2022 | 2020 | PatronsI71, Fellows fb | 443(-39) 312,FamilyI59,Junior |
142(-6) Ca 38 Life C8 5=450 |
||
| Consolidated | membership | revenues for 2020 amounted | to E10.1k | |||
| 2021 | Patrons 5 94, Fellows fb | 319,Family g 59,Junior | Cw 3& Life @7 = 482 | |||
| Consolidated | membership | revenues for 2021 amounted |
to E14.0k | |||
| 2022 | Patrons Cw 93,Fellows @278, Family @64,Junior |
g 3&Life N 5 =443 | ||||
| Consolidated | membership | revenues for 2021amounted | toE13.3k |
| Nominal | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| General | Support | ||||||||||
| Income | Note | Fund | Fund | 2022 | 2021 | ||||||
| 6 | |||||||||||
| L280 | Donations and legacies |
998 | 998 | 1,264 | |||||||
| Income from chari table acti vi tics | |||||||||||
| L260 | Affiliation Fees |
2,728 | 2, | 728 | 2,819 | ||||||
| Subscriptions | 9,857 | 9,857 | 10,767 | ||||||||
| Income fi om other trading | activities | ||||||||||
| Charitable trading income |
- items for resale | 3,286 | 3,286 | 2 949 | |||||||
| Early show | 438 | 438 | 589 | ||||||||
| Late show | 20 | 20 | 503 | ||||||||
| L310 | Investment Income |
385 | 385 | 6 | |||||||
| Other income | 7,348 | 7,348 | 9,139 | ||||||||
| Total income | 24,675 | 385 | 25, | 060 | 28,036 | ||||||
| Expenditure | |||||||||||
| Costs ofraising funds | |||||||||||
| Costs ofgoods sold | 4,162 | 4, | 162 | 2,244 | |||||||
| Expcndkture on charitable |
activities | ||||||||||
| Shows and exhibitions | 17,051 | 17,051 | 20,888 | ||||||||
| Other expenditure | 18,109 | 60 | 18,170 | 18,363 | |||||||
| Total expenditure | 5 | 39,323 | 60 | 39,383 | 41,495 | ||||||
| Net Expenditure before |
gains and | 14,647 | 325 | - | 14,323 - | 13,459 | |||||
| losses on investments | |||||||||||
| Transfer between funds |
IS,OO0 | - | IS, | OOO | |||||||
| Net gains on investments | 13,392 | - | 13,392 | 9,333 | |||||||
| Net movement in funds |
353 | 28,067 | - | 27, | 714 | 4,126 | |||||
| Reconciliation ofFunds |
|||||||||||
| Funds at 1stJanuary 2022 | 6,401 | 191,167 | 197,568 | 201,694 | |||||||
| Funds at 31stDecember | 2022 | 6,754 | 163,100 | 169,854 | 197,568 |
| 2.d | Expenditure recognition |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Expenditure is accounted |
for when the society has a legal or constructive | obligation | to pay | |||||||
| out resources. | ||||||||||
| All expenditure is accounted for on the accruals |
basis. | |||||||||
| Governance costs include |
costs ofthe examination ofthe accounts, trustee meetings, |
and any | ||||||||
| professional advice given |
to the trustees. | |||||||||
| 2.e | Tangible fixed assets | |||||||||
| Fixed assets are recorded | at valuation, cost or, in cases where fixed assets have been |
|||||||||
| donated to National Chrysanthemum Society, at |
valuation at the time ofacquisition. |
|||||||||
| Depreciation | ||||||||||
| Depreciation has been provided at the following |
rates | in order to write down | the cost | or | ||||||
| valuation, less estimated |
residual value ofall tangible |
fixed assets, with the exception | ||||||||
| offreehold land, by equal |
annual instalments on |
areducing balance method over |
||||||||
| their expected useful lives. | ||||||||||
| Furniture and equipment |
25% | |||||||||
| 2.f | Leasing | |||||||||
| Assets held under finance | leases and hire purchase agreements are capitalised |
in the | balance | |||||||
| sheet at their fair value and depreciated over theu useful lives. The interest element |
oflease | |||||||||
| payments represents a constant proportion ofthe |
capital balance outstanding | and is charged | ||||||||
| to the profit and loss account over the penod ofthe lease. | ||||||||||
| All other leases are regarded as operating leases |
and the payments made under them |
are | ||||||||
| charged to the profit and | loss account on a straight line basis over the lease term. |
|||||||||
| 2.g | Investments | |||||||||
| Quoted investments are valued at the mid market |
puce | at the close ofbusiness at the | year end. | |||||||
| Unquoted investments are valued by the Trustees |
afier | talung appropriate | professional | advice. | ||||||
| Unitised investments are |
valued at the average ofthe bid and offer prices | or ifthe bid pnce is | ||||||||
| not available, by adjustment to the offer price. |
||||||||||
| 2.h | Stock | |||||||||
| Stocks are stated at the lower ofcost and net realisable | value. | |||||||||
| 2022 | 2021 | |||||||||
| f | ||||||||||
| 3 | Investment income |
|||||||||
| Interest | received | 385 | ||||||||
| 385 |
| 4 | Other income | 2022 | 2021 | |
|---|---|---|---|---|
| Chelsea | 7,075 | 8, | 149 | |
| Gifi Aid | 273 | 990 | ||
| 7,348 | 9,139 |
| Irerus for | Shows R | Governance | Governance | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Resale | exiiihirious | casts | 2022 | 2021 | |||||||||
| Medals and | DVDs and books | 3,716 | 2,382 | 475 | 6,573 | 8,501 | |||||||
| Gentech | 2020 accrual written back | 1,785 | |||||||||||
| Equipment | maintenance | &hire | 880 | 880 | 880 | ||||||||
| Chelsea | Costs | 5,751 | 5, | 751 | 5,246 | ||||||||
| Early Show | 8,364 | 8,364 | 7,704 | ||||||||||
| Late Show | 6,306 | 6,306 | 6,969 | ||||||||||
| Honoraria | to Trustees | 2,500 | 2,500 | 2,700 | |||||||||
| Postage | 446 | 1,920 | 2,366 | 3,525 | |||||||||
| Printing | and | stationery | 4,902 | 4, | 902 | 5,848 | |||||||
| Insurance | 309 | 309 | 294 | ||||||||||
| Examiners | fee | 275 | 275 | 275 | |||||||||
| Accounting | Solbvare | 382 | 382 | 268 | |||||||||
| Depreciation | |||||||||||||
| Website | 8i | computer | 350 | 350 | 700 | ||||||||
| Bank charges | 171 | 171 | 120 | ||||||||||
| Subscriptions &donations |
35 | 35 | 35 | ||||||||||
| Meeting | expenses | 96 | 96 | 180 | |||||||||
| Sundry expenses | 123 | 123 | 35 | ||||||||||
| 4,162 | 22,802 | 12,419 | 39,383 | 41,494 | |||||||||
| 6 | Tangible Fixed Assets | Furniture | & | Total | |||||||||
| Equipment | |||||||||||||
| 6 | |||||||||||||
| Cost | |||||||||||||
| At 1st January 2022 | 18,725 | 18,725 | |||||||||||
| Additions | 208 | 208 | |||||||||||
| Disposals | ( | 2, | 0623 | ( | 2,062) | ||||||||
| At 31stDecember 2022 | 16,871 | 16,871 | |||||||||||
| Depreciation | |||||||||||||
| At 1st January 2022 | 18,725 | 18,725 | |||||||||||
| Charge for the year | |||||||||||||
| On disposals | ( | 2,062) | ( | 2,062) | |||||||||
| At 31stDecember 2022 | 16,6i13 | 16,663 | |||||||||||
| Net book value | |||||||||||||
| At 31stDecember 2022 | 208 | 208 | |||||||||||
| At 31stDecember 2021 | |||||||||||||
| 7 | Investments | 2021 |
| Listed investments | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COIF Deposit Fund | 7,506 | 9,854 | ||||||||||||||
| COIF Fixed interest | fund | 54,740 | 60,902 | |||||||||||||
| COIF Investment | Fund | 73,115 | 80,345 | |||||||||||||
| COIF George Gray | 3,285 | |||||||||||||||
| COIP Promotion | 15,747 | 15,747 | ||||||||||||||
| COIF Contingency | I,000 | 1,000 | ||||||||||||||
| COIF Future Developments | 5,000 | 10,000 | ||||||||||||||
| COIF Publications | 2,931 | 2,931 | ||||||||||||||
| COIF Shows | 56 | 3,056 | ||||||||||||||
| COIF Charity account | 4,298 | |||||||||||||||
| 160,106 | 191,418 | |||||||||||||||
| The investments are |
shown at the current market | value | at the | balance sheet date. | ||||||||||||
| Debtors | 2022 | 2021 | ||||||||||||||
| f | ||||||||||||||||
| Other debtors | 3,377 | 3,345 | ||||||||||||||
| Prepayments | 816 | 1,020 | ||||||||||||||
| 4,193 | 4,364 | |||||||||||||||
| Creditors: amounts | falling due | within | one year | 2022 | 2021 | |||||||||||
| f | ||||||||||||||||
| Subscriptions in advance |
4,331 | 2,152 | ||||||||||||||
| Trade creditors | 18,108 | 10,240 | ||||||||||||||
| Accrued expenses | 5,933 | 4,223 | ||||||||||||||
| 28,372 | 16,615 | |||||||||||||||
| Analysis ofnet | assets between | funds | General | Support | Total | |||||||||||
| funds | Funds | Funds | ||||||||||||||
| Fund balances at | 31st | December 2022 | as | represented | by: | |||||||||||
| Tangible Fixed Assets | 208 | 208 | ||||||||||||||
| Investments | 0 | 160,106 | 160,106 | |||||||||||||
| Net current assets | 9,540 | 9,540 | ||||||||||||||
| Total Net Assets | 9,748 | 160,106 | 169,854 | |||||||||||||
| Analysis of movement | in funds | |||||||||||||||
| 1.1.2022 | Income | Expenditure | Gain/loss | Transfers | 3212.2022 | |||||||||||
| General fund |
6,401 | 24, | 675 | - | 39,323 | 15,000 | 6,754 | |||||||||
| Support fund |
191,167 | 385— | 60 | - | 13,392 | - | 15,000 | 163,100 | ||||||||
| 197,568 | 25,060 | — | 39,383 | - | 13,392 | 169,854 |
| Provision | is | made for the following | to | receive honoraria. | receive honoraria. | |
|---|---|---|---|---|---|---|
| BHogg | 1,500 | |||||
| TPorter | 600 | |||||
| 1Peace | 200 | |||||
| R Watson | 200 | |||||
| 2,500 | ||||||
| Trustees | expenses | |||||
| During the | year the Society reimbursed | the following | Trustees expenses: | |||
| G Allen | ||||||
| for an annual | Zoom ltcence |