## # ## ## ## ||~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|||||