Charity registratlon number.. 249444 THE LONDON CHILDREN'S FLOWER SOCIETY ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (f*4", REGISTERED CHARITY No. 2494
THE LONDON CHILDREN'S FLOWER SOCIETY CONTENTS 80¢lety Informatlon Page Tru8lee$' rèport Ind¢p&ndent txamln•r'$ rnport Slatemgnt of flnanclal &ctlv1119S alancfr 8hfr8t Notos lo the flnanclal 8tatem&nts
THE LONDON CHILDREN'S FLOWER 80CIETY SOCIETY INFORMATION Prg¥ld9nt A. Tilchmarsh Vlc8 Prosld•nts Slr D. Howard Bl D. M. H. Longman N. Ev8ns (Chalrl P. Webb Tru8teè¥ Councll Lady M. A$h¢¢rnbo S. Brook8b8nk H. 8arr611.mold C. Ca88 M. Dea$y R. Glassborow J. Gotch r D. Gw$n J, Mead N. Thomson M?$lw ol the Wor8hlpful Company ol Gardeners lax offkio) E, M¢Gralh S. Woodirn Dlrè¢tor Treasurèr Cliarlly number 249444 Arjdrèss 61A Hloh st?1 Orpington Kant BR6 OJF Webslte .londffi¢hlldren8n¢)werstKlely.grg D&nlel Crawford F. W. Srnllh, Rl¢h&s & Go. Chsrt¢red Accountanl$ 15 iWllah811, London, SW1A 2DD Indepèndont Examln&r kers Lloyds Bank 156 High Street Orplngton Kent Y26 OJR Pag8 1
THE LONDON CHILDREN'S FLOWER SOCIETY TRUSTEES, REPORT FQR THE YEAR ENDED 31 AUGU8T2024 The Tru$lees present Ihelr rtrport logetrw wSlh the Ilnanclal glalgmenls of thé So¢l¢ty for th9 year ¥nded 31 August 2024. The report and financlal slalemonls have beon proparod In socordancè wllh the 8ccounllng pollcles 6el out In nolo 110 the flnanolal statements and comply wSlh the Soclell¥ Declarallon of Trust, thè Charlvtrs A¢1 2011 and A¢¢ountlng and Repcrllny by Charllles.- Slalemenl of Recommendèd Praclleè gpplScablp lo ¢hgrllies preparlng Ih?Ir 80wun18 In accardan¢e with the Flnanclal Reportlng Standard 8pplleable In the UK and the RtspubS1¢ of Ir8land (FRS 1021. 8tiU¢tU? gov8rnan¢g, and m4nagemont The Socigly Irace$ 11$ orlglns to the perlod followln9 the seC%d Wodd War andwas fomi8lly e81abll6htsdthrough a Doclarallon of Trust on 13 February 1Q51,18ler endor8èd on 15 September 1986. Inlllally name(I the London Flower Lovers Lèaguè, the Sooi&ty changod Ils name lo Ihe LL)ndon Chlldren'$ Flower Soclety on 11 September 1974. Trust&8$ and thg i¢ppolntmgnl of Tru$tge$ Th9 Tru$le6$ who Servèd during the year N. Evan$ and P. Wgbb. The Soclety's Board vf Truslg98 18 Gompos¢d of no fower than Iwo 8nd no rnore than four m¢mb?r8. en vacancy arl898, new Trustees are appolnl&d by the ¢urrenl Truste88, subled lo approval by Ihg Coun¢ll 91 tha Ilm8. Coun¢ll In line vAlh tho Declemlion of Trv81, thg Trusl6e8 have appolnled a Councll lo over$?e the day-lo.day operallon8 of th8 Soclely. Thè Counc51 tyally con81815 of 11 member8 and mg018 person or vlrtually on four ¢810nS throughout Ihg yègr. The members oftho Coun¢ll are $el Olrt on pag& l. The Coiincll admlnl81or¢ the So¢lfjly In accordan¢9 th the objèct1¥ and provlslon$ ollha Tnjsl Deed. N8llhor th8 Trustees nor the Councll members racglve any remunarallon from Ihg So¢lety durfng the year, ObJ6ctlve8 ond aellvlllo$ Th& Soclely's obleclivgs, 88 gulllneil In thé Declar811on of Trust, are lo bo8ulify spacos thIn tho Clty of London and thè Molropolrtan Pollce Dlslrlcl whllo fosl&Tlng a love of Ilowers In dlsadvanlaged communllles ond among schoolchlldrèn. Thès$ obl¢¢llvès aro largely achl8vgd by prov5dSng se8 Bnd bulb8 lor sprlng and summor compelillons In 8chools across London Borough8. Around 70 volunlo¥rludg&s, Includlntt somo fruslees and Councll Momber8, oversee the ¢ompèlliion$, In 2024, some judging was ¢onduclgd uslng pholographlc evldgnce. Judge8 award certmcoles lo suce¢ssful puplls and submll report$ lo the Soclety'8 Qfflce. Trophles and prlz&s are pre$onl¢d lo tho lop Sohools In varlous cale9Drio8 durlng an autumn award ceremony. In 2024. 27 awards were pr98enlod by the Soclely's Pr&sldenl Mr. Alan Tll¢hmarsh and the Master ol th¥ Worshlpful Company of Gardeners. Publlc bgngflt The Tru8180$ Conflrm theli compllance with Secllon 4 of the Charlll&$ Act 2011, havlng con81dered the publlc bgneffl guldancè from tho Charlly Comml&8lon. They b&li8ve th01 all the Soclely'8 a¢llvllles lulfil this publ1¢ bet)efil requlr&meni. Th$ prlmory focu8 91 the Soclely 15 to educate sehookhildren 9nd Improve the onvlronmen18 In whlch Ihw live and learn. Pagg 2
THE LONDON CHILDREN'S FLOWER SOCIETY TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Achlevements For the year endlng 31 August 2024, c6rtlficate$ wère awarded lo puplls In 175 schoo18. Th8 lop 27 Gold Award. nnlng enlrl&8 reIved trophies and prlzos durfng en award eoromony al th8 Gulldhall In Ihg Clty of London. Flnahclal porforman¢e managemènt 2024 2023 Incomlng re8our¢og 43,699 64,725 Resou*8 expended Cost of acllvlllfjs In furthttrance of th& objects ol th¢ 8ociefy Fund ralsing costs G0vemar9 c0818 26,629 3,452 1,636 85,101 2,983 1,495 Total re8ourcè8 &XPond Net In¢omlnglloutgolngl r6sourc•$ 31,716 89,579 11,983 14.8541 Tho Bglance Shg018how$ tf>tal lunds of £82,42e12023.. £50,443). Flnanclal rl$k managgmonl and wsèrves pollcy Th9 Soclely op9rales wllhln an annual budgol opprovad by the Councll In Novomber. Avallablo funds depend on donallons from a small group of ben&laclor$, To mlligale risks arlslw Irorn polenllal 10$5 ol support, the So¢lely has bulll ie8eNÈ8 $uffl¢l¢nl to oper&l& for approxlmalely 18 months. Addivonally, a Frlend8 Group has been eslabllshed lo expand communlly Involv8menl and kncre¥se the donor Olh&r risk810 the Socltsty Include polenUo11088 of IT $y81em8, and damag& lo the pr8n71$0$ fr¢)M fire, lthdlng, or Ihgft. The r&serv&s pollcy and approprf8le Insurancg Gov&Tage are In plaee lo mlllgale th689 rlsk& £1,500 wa5 donated lo the Socloly from onfy d¢nor, th Ihe speobllc condlllon of being spent on our Sprlng and Summer Garden CompelStions lo b& held durlng the y¢ar ended 31 Augu812025. Th18 donallon Is Iherelor¢ Included In dèferT8d Income In Ihg finanel81 slalemenl8. We also have restrictèd lunds left In r8$erv8 from a donor lo carry out support lo schools toklng part In the Planllng Sn the Playground prol&d. No other donor has 8pè¢lfled that Ihglr donallon musl be usèd lor a 8pèciflc purpo88 and Ihereloro oll those monl#s arg re¢ordod In the un1Cted lund$, Currgnt 6tatu$ ol thfr 80¢1ely 11 Is encouraglng 10 ¢onllnufyd parllcipallon from 80hool8 In our annual ¢ompollllon$, wllh puplls growlng bulb8 and sowlng $ts8sonal fi0r$ and vègel?l)l&s. These efforts are evaluoled by tsur dedlcated volunlger ludgg$. th many schools advan¢lng lo the Annual Award Ceromcny 01 tha London Gulldhall. The Tru8!ae8, Councll Membors, and Dire¢lor rgmgln ¢omm1119d lo ralslng awarane58 of the S¢clely'$ work ond hav8 4cliv?ly soughl addlllonal 8UPPOrt In tha past year. Tho Soclfjly looks forward lo developlng n9W partntr8hlp8 and se¢urlng fundlng lo support future Inlllallv¢s ben8fltlng London 8¢hool$. The Socloly rem8ln$ rellanl on funding from our varlous 8Pgnsor¥, bul the funding we do Tecelva piovld8S consldorablè Illelong ben&lll$ through our Ili)ks wllh Schools lo Introducè chlldrtsn lo horll¢ullure. Such experioncos Inspirg Illolong knowl&dg@ and can be a furthor edu¢allonal ald lo help 8th0018 d¢llvar 8spod8 91 Ihelr natlonal ¢urdculum. Pa98 3
THE LONDON CHILDREN'S FLOWER SOCIETY TRUSTEes' REPORT FOR THE YEAR ENDED 31 AUGUST 2024 8lat¢m•nt of Truslèg$' re8ponslbllltie8 The Trustees gfg r88pon$lblo for prèparlng the Annual Rep¢)rt and tho IlnanGlal $181emen18 In aCrdanCe th 8ppllcable law and regulaUon8. The lowappll¢abl& lo charttla8 In England & W8198 rttqulr88 tha TrLf81oe8 lo pigpare financlal 8tal&mènl8 for each Iln8nelÈl ye8r Irt 8¢¢0rdanc& wllh United Klngdom Generally Aecepled Ac¢ounllng Pracllce Iunlted Klngdom A¢counling Standards and oppll¢abl$ lawl. The Truslees musl not approve the Ilnanolal slalemenls unlass Ihgy are sallgflod thai they glve a tru¢ and lalr vlew ol the slate of affalrs of the Sodety and ol tha Sncomlng re8trurce8 and appllcallon ol resources, Includlng th9 Incomg gnd expendllur6, of the Stiaety for th81 perlod. In preparfng these financlal staleménlB, the TnJ$le68 are r¢qulred lo,. $&l¢cl sullab19 acctsuntlng pdicles and 8pply Iham ¢on$Sslenl'. observè thè rnelhod8 and princlple8 In the Charllles SORP., makg ludgemènls and aeeounliny eslim81es that are i¢asonabl8 and prudènL $14le whalher applicable UK Accounllng Sl8nclarcls havé béon followed, subloei lo any maleri&l deparluras diBd086d and &xpl#lned In the flnoncl818lat¢rngnts,' 8nd prepare thè Ilnand81 statements on the golry Concèrn basL¥ unlo$s1118 Inopproprfalo lo pr&suma that the Sodely will ¢onllnue In operalFon. bl d} Th& Trustees are spOnSIble for keeplng 8uffi¢lenl accntIng reeord8 that dlsc108e reasonable aocur8ey al any Ilme the flnanclal poslllon of the Soclely and enable them lo 6nsur8 thai th8 financial 81alem6nl8 Gomply wllh the CharSlies Act 2011. the Chatlly IA¢counl$ and Reports) Regulallon8 2008 gnd the provi$lons ol Ihg Sodely's D&darallon of Tru$l, They are also rèspon8lblè for s8leguarding Ihe assets ol Ihg Soolety and hénce for taklng r6ason8ble sl6p8 lor the prevention and delecllon of fr8ud othor Irregularllies. By ordèr ol thè Trustees N, Evans Trustaè Paga 4
THE LONDON CHILDREN'S FLOWER SOCIETY INDEPENDENT EXAMINER'S REPORT TO TRUSTEES OF THE LONDON CHILDREN'S FLOWER SOCIETY I roport lo the Tru$leos on my examlnallon ol Ihe fSn8nclal 81aternenls ol Tho London Chlldron's Flower 8o¢lfjly {'Ih6 So¢loly'l lor th& year ended 31 SI Altgusl 2024 whlch compr18e tho Stal¢menl of Financlal Actlvlllèg, the eal8n¢e Shael and rèlated nol¢$. Th1$ report15 made so18ly lo the 8ocloty'8 Trustees, a$ 8 body, In accordan wllh Sectlon 146 of Ihg Charitl8S Act 2011. My work has been undgrtaken so that I mlghl slate lo the So¢lely'$ Trustee$ those maller$ l am rgqulrttd 10 slate lo thom In Ihls report and for no other purpose. To th* fullest extent pemilled by law, I do not aw8pI or 8$sume rospons5blllly to 8nyone other than Ilie Soclety and th& Soclely's Trusloe8 a$ a body. lor my work, lor Ihls roport, or lor Ihv opinlons I havo formod. Rg8pon¥lbllltlg8 and basls of report As thè Trusloès of tho Soclely you or6 responslble for the preparallon ol the Inanclal 8lat¢menl8 In ac¢ordanc8 wlth the requlremonl8 ol the Charllles Act 2011 I'iho Act'l. I réport In respect of my gxamlnalion ol th8 Socl8ty'8 flnanclal staltrmenls carrted out undar 8ecllon 145 of the Act and in Carrylng out my examlnallon I h8v& followed oll the 8pplltablo Dlrg¢Uon8 glvon by the Charlty Comml8slon under secllon 1451511bl of the 2011 Act. As pwmllled by Diréction 2, Issued by the Challly Commlsslon Ihg flrm lor whlch I wcwk h88 provlded Ihe Sodèiy wSih b()okkgeplng servlce? durlng thè year ended 31¥1 Augu8t 2024. As a consèqugnce I hav$ followecl the rèquirement of Ihe FRC'S Elhl¢al Standard wh8n undèrlaklng INS as81gnmenl. An kittepondenl examlnauon dggs not Involve gatherlng all the evidenco that wovld b8 requlr¢d In &n and on8equenlly does not covor all thè matters that an audllor conslder$ In glvlng Ihelr opinlon on tho fln8nclal stalemenl3. The plannlng and conduct of on audll gDQS beyond the 1Smll&d as8uranco Ihal an Sndependonl OX8mlnallon can wovlde. Gon$&quenlly I gxpress no oplnlon As lo wholh9r the financ181 Blalemen18 present 'truo and falr, vlew and my report 1$ Ilmited lo Ihoso spe¢lfiG mallers sol out In the Indgptrndonl gxpmlnerf$ stalemenl. Ind8pend&nt ¢xamln61'$ slat&mènt I havg completed my &xgmlnallon. I conlirrn that no malerlal matters hav¢ como lo my 8ttenllon In Gonneollon wllh Ihe ¢xamlnailon glvlng me caus6 lo bell¢ve that In any malerfal respect.. ac¢ounllng records were not kept In respect ol th$ Soclely a8 requlred by Section 130 ol the Act., or the Ilnanclal slal¢mgnl$ do not a¢cord wlltt Ihose re¢ords.' Dr the financial $181ernonls do not comply with the 8ppll¢able requlramgnls Con¢)Illg Ihe form and conlgnl ofa¢¢ounls sel oul in the Charllies IAccounis and Reports) Regulations 2008 olh$r than any r8qulremènl that the accounts gwe a 'lruè and falr. v18w whloh Is nol a m8118r Gonslder8tl 89 part of on Indepond•nl examlnalion. I have no concorns and hav& comè Ècr088 no other mallèr$ In conng¢llon vllh thè èxamlnallon lowhlch allonlbn 8hould be drawn In th18 report In ordor lo eneble a proper understanding of thè flnanclal stglemanls lo ba reachod, Oanl•l Cr?wford . ACA F. W. Smllh, Rloh98 & Co Chèrter¥d Ac¢ountanl$ 15 knknllehall London SW1A 20D 5 March 2025 Pago
THE LONDON CHILDREN'8 FLOWER SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Note 2024 Unrestrlcle funds 2024 Rgstrlctad furbds 2024 Toial funds 2023 Total fLind8 reslaled Incomlng resour¢•s Donallon8 and leg8cles Charilablo 4cllvlll¢8 Inl&ros1 recelvable Frfand8 Group 34,379 6,073 1,992 115 2,140 36,519 0,073 1,992 65.803 7,228 1.474 220 Total In¢omlrtg ro$ouree$ 41,559 2,140 43,899 e4,725 Resources expended Cos18 of r&islng fiinds.. Cost of genor&luvJ volunl8ry InGome 3,4S2 3,462 2,983 3,452 3,462 2,983 CharR8bl8 &ctivlllg8.' Summer compellllon Sprfng compallll(x) Planung In the 1¥Y9r0Und 10.932 13.009 10,932 13,009 2,688 10,007 11,306 43,788 2,688 23,941 2,688 26,629 65,101 Governanc8 costs 1,636 1,636 1.495 Total rg$oum$ frxpènded Nel InGomell¢xpendllur&l Tran8f¢r8 b¢twoen funds Net movomont In funds for the yoar 29,028 2,688 31,Y16 69,579 12,631 10481 11,B83 14,8541 16481 54B 10 11,983 11,98¥ 14,884) Fund balin¢e$ brought forwar<1 Funil b&lan¢os carilgd forward 10 60,443 SO,443 55,297 10 62,426 62,426 50,443 Page 8
THE LONDON CHILDREN'S FLOWER SOCIETY BALANCE SHEET AS AT31 AUGUST 2024 Note 2024 2023 Flxed assets Tanglblo a86el8 Currant 4$50t$ Stock of $gèd8 Debtor$ Cash al bank and In hand loo 98 71e 56.437 65.396 66,495 66,863 Cr¢dltors: amounts falllng duè wlthln ono year 13,0701 16,2111 Netcurrgnt 4ssgts 62,426 50.442 Total t)ot assets 62,426 50.443 Fund$ of the Soclety Unre8trfcted fund 10 62,426 50,443 62,428 50,443 Thefinanclol &laleménl8 on pages 610 14 were 81gned on Ils behalf by: oved and au¢horised lor Is9Uo by Ihfy Trusleè on rl31%Sand N. Evang Trustee Page 7
THE LONDON CHILDREN'S FLOWER SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounllng pollcles 1.1 B481$ of prep4r4tlon of flnanclal $tataments and g$sg88ment of golng cono¥rn The nnanclal 61alemenl$ have been pr9pared In a¢cord9nc? th 'Accounllng and R¢porfng by ch9rilOs.' Slalemenl of RecommenLlod Practice 8ppli¢abl& lo ¢hadllas preparlng Ihelr account$ Sn arKordanGQ wllh the Flnan¢lal Reporflno Standard applkgble in the UK and Republlc ol Ire18nd IFRS 1021 ISe¢ond EdSt5onl' and Ihe Flnanclal Reportlng Slandord appllc8bl& In th& United Klngdom 8nd Republ1¢ ol Ire18nd IFRS t021 and the Charilles Act 2011 and UK Generally Acrepted Praclleè 0811 app1198 from 1 JanLtary 2015. The Ilnanclal slalem¢nls h8vfj been prgpared lo a'lruo and falr, vlew and hav9 dep8rtgd from the Char1119$ IAccounls and Rep(¥tsl R8gulallon8 2008 only lo the gxlenl requlred lo provlde a'lru? and farr vl8w'. Thls departurg has Involved followlng 'Aceountln9 and Reportlng by Chari1S8$'. Stalernanl ol Rocommended Pracllcè appllcable lo charliies proparlng thglr 8c¢¢unls In 8ccordonce with th Flnan¢ial Reporting Standard appllcable In th$ UK gnd Republ1¢ of Ireland IFRS 1021 Isecond Edllionl. rglher than th¢ Accounilng and RepDrllno by ChaTllle8.' Slalemenl of Recomrnendgd Pr8dlco effeollve from 1 April 2005 whlch has slnee bgon wllhdrawn. The Soclely quallll&s &8 a 8m&ll charity and h#s th9refo lakgn advanlage 91 the gxgmptlon In the FRS 102 not lo prepare a $lalernenl ol cash flows. The Soclely con¥lilules a publlc enlily •s dellned by FRS 702. The Trugleos consldgr that ¢hero are no mai6risl unc6rtalnli6s about the Soolety'8 ablllly lo ctsnllnue 88 8 golng concèrn, Thè preparallon of1Sn8nGlal stalem&nls requlres th¢ ustr of ¢ortaln cr111[ a¢cgunUng e$llmates. 11 also requlro¥ nianagemonl lo exercl8e It8 ludggm¢nl In the prc¢ess ol applylng tho SoGl¢Vs acctsunling pollcle8. Th& aréas involving a hlgher d89r8¢ ofludgèmenl or ¢omplexily, or ergas whore a9$uniplion$ and e8llm8188 aro 819nllcanl lo the flnan¢lo1 slalemenla, are dlsclosed In note 2. 1,2 Income recoynltlon All Incomo 1$ recognised once the Soctety has ènlillemanl lo the Income,11 Is probabl8 that In¢¢)me wlll be rocelved and th& amount ol Income rocelvablg can be measured reilably. Thg fcllowlng crllwla musl also bo mel bèfor8 Incom01s rg¢ognl8ed= Oonauons D¢)nallons are r8eogn180d wh6n both th8 amounl and Selllgmenl datss aré known. Donatèd s?rvl¢oS Donated prole881onal 9orvl¢&$ Bre recognlsed as Incorno when Any corKIKlons a$sod*lod wllh tho donal&d ilern have bgen mel. Ihe recélpl ol trconornlc b&n&fll from tho use by Ihe Soclety of the Item Is probable ond the oconoml¢ benefit can b¢ mea8ur&d lellably. On reo8ipl, donated prof8s$lonal 8ervl¢gs aro rocognlsed on the basls ol the valu& of the glft lo the SoGleiy Whlch Is the amount the Soclely wtsuld have bean wllling lo pay lo c¢blaln 8ervlc88 ol equlv&lènl economlc benofit on the open mark81', a correspondlng gmounl Is then rewgnlsed In the perlod of re¢elpl. Lèg4¢10S Legacifys ar$ rgcognlsed on o case by caso basls lollowlng the grant of proba19 whgn the admln151ralorlexeculor for the 981ale ha8 oornmunlcaled In wrlung both th& amount and selllemenl dale. Page 8
THE LONDON CHILDREN'S FLOWER SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 A¢counllnB pollo199 Icontlnuodl 1.2 In¢omo r¢cognltlon Icontlnuedl Incomè from ch•rltsble ac¢lvltles Income from chsrilable aclivlllè$ relatlng lo Ihe ye8r ol account Is re¢ognlsed on a ¢8gh bas18. Any amoun18 recelvèd In 8dvan¢e gre carrl¢d lopward and re¢ognised In the year819 whlch they rplale. Intèrest In¢om¢ Inlgro$1 on funds held on dep08111s In¢luded upon mtlflctsiion of th¢ Interest bèin9 pald or p8yablg. 1.3 RègOltr¢es oxpendod Expendllure18 recognlsed on &n &ccw81s basls a$ a Ilablllly 1$ Incurrgd. Expendllure Includes any Ir¢eeoverable VAT whl¢h Is reported 88 part tsf tho Qxpendlluro to whlch11 relale8'. costs olralslng funds Co818 of raislng funds compr188 the cost o$socSaled th allr4dlng volunlary In¢omg. Ch8rftabl• actlvltle$ Charllablo acllvlllès Gomprlse those costs Incurred by tho So¢l¢ty In the d6livgry 01113 acUvS1Ses and servlces for118 ben8fiGiaries.11 Includes both costs that can bg allo¢aled dlreclly lo such aGtlvlli&s 8nd Ihoso c0818 of an Indlr¢¢l nature neGes$ary lo support them. Govom4n¢e ¢ost$ Governanc& costs Inclucle those ¢o¥ls a980daled wllh mtrellng Ihg conslllullonai and statutory requlr&m8nts of Ihg Soclety and Include th6 Indewndenl examinallon fees and c08ts Ilnk¢d lo Iho stralegl¢ managomènl of the Soclely. 1.4 Complratlvo Inforn)atlon The coMparallv& Inlormalion In these financial &talomenls h&8 been rpstaled lo rene¢l the anatysl$ ol In¢omg and 8xpendllure In the SlaleM$nl ol Flnanclal Acllv511è8 80 Ih&l 11 l¥ comparabl$ with thg enalysls pre$¢nled lor11)e eurrenl year. Th1$ r¢slolemenl ha8 had no impact on the not movam¢nl In fund8 for tha year 6nd8d 31 Aligust 2023 or on the lund balance¥ carrigd fomard al that dal&. 1.6 8to¢k Slo¢ko of 8a8d arè volued 81 Ih81¢)wer of cost 8hd ng1 reg118able v&lu¢. 1.6 Funds Unrgslrleted lund8 Unreslricled funds arg fun¢J$ that tho Tnjsl Is frèè lo use for ary purp08e In furlhorance of th9 chadiablg owects. Restrl¢ted funds Reslrlcled fund8 arè Subleclod lo reslrlcllons Imposed by the donor8 and can only bg 8ponl on speaSllc Pag¢ 9
THE LONDON GHILDREN'8 FLOWER SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Ac¢ounllng polSc198 Iconllnuedl 1.7 Flnanclal Inytrumenl$ Tho Soclely h8s ch08en lo adopt Secllons 11 and 12 01 FRS 102 In ftr8p¢cI ol flnandal Inslrumenll. Short ferni debtors ?nd credlto Debtors and ¢redilors with no $18l&d Interest rote and recelvable or paygblo wllhln one year aro recorded al Iransaollon pricg. Any1086g$ arlslng from Impolrmenl gre re¢ognlsed In tho sl81omenl of Flnancial Activille8. Cash and cfftsly equlv&lènfs Ca8h an4 cash equlvalènl8 compdge 098h al bank and in hand. Offsettlng Financlol asset8 a1 liabllilles erfj olfsel and tho nel ?mounls pr9$9nt8d In the financlal 61alemgn18 when Ihero18 a legolw &nforGeablD rlghl lo sel off th& rècognl$8d amounts and thero 1$ an Inlenllon lo Settle on a n@t"basl$ or lo realls8 th& a88È1 and $?Ille Iht Ilabllfty slmullaneously. Judgements In applylng accountlng pollcl•s and k&y $ourco8 of estlmatlon un¢ertalnty In preparlng the financlal $lalemonlB manogemenl 8r8 requlred 19 m8k& ludg8menl$, esllm8le8 and 03sumpllons that affect tho amoun18 reptrrtad for asset$ and Ilabllllles as il the balincè sh6el dale and the ampur)ts reported for In¢om8 and oxpendilure durtng tho ye¥. Howgver, the n8lure of e81imalion meaF)s th81 aelual outcom&s Could dllffrr from those È81imalos, Vthllsl manag9menl have mad judgements, ¢slimalas and 888umpllons In preparlng the flnonclal stslements, they wnslder that the89 h8ve not had 8 slgnlflc&nl &lfecl on amount$ regnISed. Employees Staff cg$1s wer& as fofiow8'. 2024 2023 Wage$ and $alodo8 P$n8lon ¢onlrlbuUon5 17,221 279 16,908 250 1T,600 17,156 The average number ol employogs In Ihe yoar w88 2 {2023', 2). Key managgmenl compènsalian during the year w8s £10,44612023'. £9,866). Paue 10
THE LONDON CHILDREN'S FLOWER 80CIETY NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 AUGUST2024 Donatlon5 loga¢le8 2024 Vnr98trlGlod funds 2024 Rèstrlcted funds 2024 Total fund8 2023 Total furK18 rg$18led Donatlons Incl119 glft ald Donated servl¢e8 Legacies 13,SY9 800 20,000 2,140 15,719 800 20,000 55,803 34,3T9 2,140 36,619 55,083 In 2023 r8s1rlcted donotlon8 amounted lo £41,439. Donat 8ervl¢e6 ara In r98pe¢t ol th¢ bylepgndenl examlner'8 fees. Incom• from ¢harltable actlvltle8 2024 Unre$trlGtgd funds 2024 Ro$trl¢tgd fund¥ 2024 Total funds 2023 Total funds reslaled Spdng compolillon Summor compelltlon 2,646 2,427 2,046 2,427 3,348 3,882 ,QY3 6,073 7,228 All Incomg from ehartlabte a¢livltlgs Ss unreslrlGted. Intoro$l recelvable 2024 Unraslrlol•d fund$ 2024 Re8trlcled fund$ 2024 Total lurds 2023 Tol81 fund8 Buslness Instant Acce$8 Account Redwood Bank Sklplvn Dgposll Account Lloyd8 Deposll Account 28 1,737 227 28 1,737 227 ss 1,184 175 60 1,992 1,992 1.474 All Interest rfjcolvab181s fyarnl on unreglrfcled funds. Page 11
THE LONDON CHILDREN'S FLOWER SOCIETY NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 AUGU8T 2024 Totsl reBoLir¢e8 oxpended Summor comp&t. Itlon Sprlng Plantlng ompot- In th& Itlon play. oround Fund. ralslnu Govgr- nance Total 2024 Tolel 2023 restatèd costs dlrè¢lly allo¢ated to a¢llvlllgs S8ed$ Bulbs Gardenlng lts01g and supplles Staff costs Trophy e&remony costs Trophy Ceremony pAz88 Accoiinlan¢y Prlnllng and Jlalionory FrndS Group 268 1,100 2,335 1,368 2,335 2,963 2,762 5,010 6,010 800 37,091 11,433 10,820 563 63 1,126 1,242 89 89 17B 800 100 780 8(w) 63 83 126 112 82 120 112 5,983 8,060 1,900 112 800 16,865 56,573 Support costs allo¢4led lo aGllvltlgS Staff costs Postage Slallonery Insuran¢e bsile Telephone Rgnl and ral88 Sundry Travolllng 1,180 344 166 414 63 492 2,167 135 19 1,160 344 165 414 63 492 2.167 130 19 185 56 26 68 8,840 835 6,680 743 358 894 135 1,062 4,609 292 40 5,723 693 49 1,071 4,377 196 48 78 34S 22 4,949 4,949 788 3,340 83J 14,B61 13.006 10,932 13,009 2,66B 3,462 1,636 31,716 69,579 The cost ol the servl¢es ol the Soclely's omployees Is apportioned based on Ilme $penl. Olher 318 whero dlreclly attrlbulable Io 8n 8cllvlly are olloc81ed lo th81 actlvlly, Where a Cost Is nol dlreclly allrlbulobl¢1118 allocated Irfjlllally Its support costs. 8ubsèquenlly support C081s and 9overnanca costs are allocalod on 8 bas18 ¢onslslonl wllh thè use of resoureos, In 2023 r&wurco8 expended from re81rleled funds amounlod lo £43,788 Includlng 8UPPC*t costs ol £2,349. Page 12
THE LONDON CHILDREN'S FLOWER SOCIy NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 AUGUST 2024 Bank balan0•$ 2024 2023 Troasurers Account Bu$ln¥sges Instant Acoas$ Account Sklplon Bu51dlng Soclgty Rtrdwood Bank Cash In hand 2,164 10,044 6,000 47,195 1,848 3,618 8,000 43,458 65,395 56.437 Credllois- amounts falllng due wlthln one y¥ar 2024 2023 Olhor ¢redltor8 Aecruals Deferred Incom8 112 68 2.90Q 1,861 810 3,540 3,Q70 6,211 Dolerred Income Include8 donallgns lo fund acbvlli&s In lulure years. Al 31 Augu812024 dtsfoired In¢c)me Included donations of £1,60012023'. £nlll and £1,400 (2023,, £3,640) In respect of the Sprlng and Summer compelltlons ond PlanlSng In th$ playground raspe¢llvely. £2,14012023.. £5001 In r•$pgct ol donallons for Planllng In the playground has been released lo the Slalernenl of Flnanclal Acllvlllg& 10. Fund8 Unrèstrlcted fund$ Restrl¢ted funds Total funds Al1 September 2023 Nel movfjm9nl In funds In year Al 31 Augu812024 0,443 11,983 60,443 11,983 62,426 62,426 Analy8ls of nèt g$$&18 bgtwèèn funds Unr#slrkt&d funds Restrlctod fund¥ Plantlng 8prlng and In the Summgr playground GompgtitSon$ Total fund$ Flxed as$fyl8 Cuirenl assets Curronl liabllllle8 62,595 11YOI 1,400 11,4001 1,500 11,5001 65,49S 13,0701 62.428 62,426 Pagg 13
THE LONDON CHILDREN'S FLOWER SOCIETY NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 AUGUST 2024 11. Tru$lee8 Nono ol the Trusl$e8 rg¢elvad any remun8rallon12023.' £nl118n<J no trxpènses wece relmbur8èd In th8 ye8r12023.' £nll). 12, Rglated party dlsclo$iirg$ The Soc]ety has no conlrolllng party. Page 14