**REGISTERED CHARITY NUMBER: 254049**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022**
## **FOR**
## **NATIONAL DAHLIA SOCIETY**
Bernard Rogers & Co Bank Gallery High Street Kenilworth Warwickshire CV8 1LY
**NATIONAL DAHLIA SOCIETY**
**CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 October 2022**
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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 12
Detailed Statement of Financial Activities 13
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**NATIONAL DAHLIA SOCIETY**
**REPORT OF THE TRUSTEES for the Year Ended 31 October 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 October 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and significant activities during the year**
The objects of the society are to encourage, improve and extend the cultivation of the dahlia by means of publications, the holding of exhibitions, judging examinations, conferences, lectures, trials or by any other means.
2022 proved to be another difficult year for the National Dahlia Society. Some difficult decisions were made in an attempt to stabilize the societies financial position as it was not considered a sustainable position to lose money every year. These measures included removing the prize monies at the national shows and other cost cutting measures. As we all know inflation is running very high levels for everyone including the society and this forced the increase in the price of the society goods and memberships.. Unfortunately the investment portfolio the society holds has suffered like all investments and its value has fallen due to world economics and the continued uncertainty of the Ukraine war. The society again made a loss during 2023, despite the good levels of income being generated during the year from the shows, bureaus, membership and sales via the website, and are sad to announce that again in 2023 prize monies for the two national shows have been removed and the cost cutting measures continue.
On a happier note the society, were able to organise and hold both the national and northern national shows with the assistance of RHS Wisley and North of England Horticultural Society which we pass our thanks onto and plans are being formulated for the 2023 season. A judging exam has been arranged for September 2023 at the National Show Wisley and the 35th Edition Classification and Judging Rules has been published.
The executive council wishes to record its sincere thanks to the northern committee for their help and support and to the many people, companies and organisations who donate their time, money or goods to the society this year. We could have had such a reasonably successful without your help - thank you all.
## **Public benefit**
The Trustees confirm that they have had regard to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's objectives.
## **Volunteers**
The charity makes use of volunteers. These contributions cannot be reliably quantified and these services are therefore not recognised in the financial statements.
## **FINANCIAL REVIEW**
## **Financial position**
Net income for the year amounted to £9,136 deficit (2021: £2,332 surplus). The charity has investments of £50,232 and cash held of £17,178.
## **Reserves policy**
The Executive Committee have reviewed the Charity's needs for reserves in line with the guidance issued by the Charity Commission. The Executive Committee believe the charity should hold a minimum of £10,000 in order to cover the cost in the event of closure.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The society is governed by the constitution adopted 4th February 1967 as subsequently amended. The charity is also governed by the Executive Council Standing Orders and Terms of Reference as updated at the Annual General Meeting in 2010.
## **Recruitment and appointment of new trustees**
New trustees are nominated in line with the constitution, as displayed on the website, and confirmed at the Annual General Meeting.
Page 1
**NATIONAL DAHLIA SOCIETY REPORT OF THE TRUSTEES for the Year Ended 31 October 2022**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 254049
**Principal address** Woodside Warwick Road Chadwick End Solihull B93 OBP
## **Trustees**
D Reid M Cunningham R A Guest D Bates D Brown R J Thomas C Watkins A Robinson D Boulstridge S Nute D Hall R Thomas I Sutherland Ms L Appleby P Howell Ms J Nash G Hill McFarlane (appointed 6.3.22) D A Gillam (appointed 6.3.22) C McCormick (appointed 6.3.22) I Ledger (appointed 6.3.22) **Independent Examiner** Bernard Rogers & Co Bank Gallery High Street Kenilworth Warwickshire CV8 1LY
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ A Robinson - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NATIONAL DAHLIA SOCIETY**
## **Independent examiner's report to the trustees of National Dahlia Society**
I report to the charity trustees on my examination of the accounts of National Dahlia Society (the Trust) for the year ended 31 October 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
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 Trust 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.
David Rogers ICAEW Bernard Rogers & Co Bank Gallery High Street Kenilworth Warwickshire CV8 1LY
Date: .............................................
Page 3
## **NATIONAL DAHLIA SOCIETY**
## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 October 2022**
|2022
Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Main society activities
35,692
Investment income
2
1,500
**Total**
37,192
**EXPENDITURE ON**
Raising funds
1,023
**Charitable activities**
Main society activities
40,191
**Total**
41,214
Net gains/(losses) on investments
(5,114)
**NET INCOME/(EXPENDITURE)**
(9,136)
**RECONCILIATION OF FUNDS**
Total funds brought forward
101,192
**TOTAL FUNDS CARRIED FORWARD**
92,056|2021
Total
funds
£
33,930
1,838
35,768
7,616
32,953
40,569
7,133
2,332
98,860
101,192|
|---|---|
The notes form part of these financial statements
Page 4
## **NATIONAL DAHLIA SOCIETY**
## **BALANCE SHEET 31 October 2022**
|2022
Unrestricted
funds
Notes
£
**FIXED ASSETS**
Intangible assets
6
15,297
Tangible assets
7
748
Investments
8
50,232
66,277
**CURRENT ASSETS**
Stocks
9
12,238
Debtors
10
780
Cash at bank
17,178
30,196
**CREDITORS**
Amounts falling due within one year
11
(4,417)
**NET CURRENT ASSETS**
25,779
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
92,056
**NET ASSETS**
92,056
**FUNDS**
12
Unrestricted funds
92,056
**TOTAL FUNDS**
92,056|2021
Total
funds
£
17,847
677
55,346
73,870
9,429
-
23,708
33,137
(5,815)
27,322
101,192
101,192
101,192
101,192|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. R A Guest - Trustee
............................................. A Robinson - Trustee
The notes form part of these financial statements
Page 5
**NATIONAL DAHLIA SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 October 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Intangible fixed assets**
Website development costs are capitalised and amortised over their expected useful economic life of ten years.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on cost
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 6
**NATIONAL DAHLIA SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2022**
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**||
|---|---|
|Interest on government stocks
Deposit account interest
Greystone Financial Services|2022
2021
£
£
-
315
-
23
1,500
1,500|
||1,500
1,838|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
During the year the charity paid remuneration for secretarial services to Ms J Nash in the sum of £6,000 (2021: £6,500).
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 October 2022 nor for the year ended 31 October 2021.
## **4. STAFF COSTS**
|Wages and salaries
The average monthly number of employees during the year was as follows:
Administration
No employees received emoluments in excess of £60,000.
**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Main society activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Main society activities
**Total**|2022
2021
£
£
6,000
6,500
6,000
6,500
2022
2021
1
1
Unrestricted
funds
£
33,930
1,838
35,768
7,616
32,953
40,569|
|---|---|
continued...
Page 7
**NATIONAL DAHLIA SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2022**
**----- Start of picture text -----**
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
Net gains on investments 7,133
NET INCOME 2,332
RECONCILIATION OF FUNDS
Total funds brought forward 98,860
TOTAL FUNDS CARRIED FORWARD 101,192
6. INTANGIBLE FIXED ASSETS
Computer
software
£
COST
At 1 November 2021 and 31 October 2022 25,497
AMORTISATION
At 1 November 2021 7,650
Charge for year 2,550
At 31 October 2022 10,200
NET BOOK VALUE
At 31 October 2022 15,297
At 31 October 2021 17,847
**----- End of picture text -----**
continued...
Page 8
**NATIONAL DAHLIA SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2022**
## **7. TANGIBLE FIXED ASSETS**
|**7.**
**TANGIBLE FIXED ASSETS**||
|---|---|
|**COST**
At 1 November 2021
Additions|Office
equipment
£
2,819
174|
|At 31 October 2022|2,993|
|**DEPRECIATION**
At 1 November 2021
Charge for year|2,142
103|
|At 31 October 2022|2,245|
|**NET BOOK VALUE**
At 31 October 2022|748|
|At 31 October 2021|677|
|**8.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 November 2021
Revaluations|Listed
investments
£
55,346
(5,114)|
|At 31 October 2022|50,232|
|**NET BOOK VALUE**
At 31 October 2022|50,232|
|At 31 October 2021|55,346|
|There were no investment assets outside the UK.
Cost or valuation at 31 October 2022 is represented by:
Valuation in 2021
Valuation in 2022
Cost|Listed
investments
£
(1,660)
(5,114)
57,006|
||50,232|
continued...
Page 9
**NATIONAL DAHLIA SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2022**
|**9.**
**STOCKS**
Stocks
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
Accruals and deferred income
**12.**
**MOVEMENT IN FUNDS**
At
1.11.21
£
**Unrestricted funds**
General fund
101,192
**TOTAL FUNDS**
101,192
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
37,192
(41,214)
**TOTAL FUNDS**
37,192
(41,214)|2022
2021
£
£
12,238
9,429
2022
2021
£
£
780
-
2022
2021
£
£
1,100
-
3,317
2,498
-
3,317
4,417
5,815
Net
movement
At
in funds
31.10.22
£
£
(9,136)
92,056
(9,136)
92,056
Gains and
Movement
losses
in funds
£
£
(5,114)
(9,136)
(5,114)
(9,136)|
|---|---|
continued...
Page 10
**NATIONAL DAHLIA SOCIETY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2022**
## **12. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund|At
1.11.20
£
98,860|Net
movement
in funds
£
2,332|At
31.10.21
£
101,192|
|---|---|---|---|
|**TOTAL FUNDS**|98,860|2,332|101,192|
|Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
35,768
(40,569)||Gains and
losses
£
7,133|Movement
in funds
£
2,332|
|**TOTAL FUNDS**
35,768|(40,569)|7,133|2,332|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At
1.11.20
£
98,860
98,860|Net
movement
in funds
£
(6,804)
(6,804)|At
31.10.22
£
92,056
92,056|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund|Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
72,960
(81,783)
2,019
(6,804)|
|---|---|
|**TOTAL FUNDS**|72,960
(81,783)
2,019
(6,804)|
continued...
Page 11
**NATIONAL DAHLIA SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2022**
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 October 2022.
Page 12
**NATIONAL DAHLIA SOCIETY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 October 2022**
|**INCOME AND ENDOWMENTS**
**Investment income**
Interest on government stocks
Deposit account interest
Greystone Financial Services|2022
2021
£
£
-
315
-
23
1,500
1,500|
|---|---|
|**Charitable activities**
Subscriptions and other income from members|1,500
1,838
35,692
33,930|
|**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Costs of society sales
**Charitable activities**
Wages
Telephone and internet
Printing, postage and stationery
Insurance
Year book & bulletin
Show costs & prize money
General committee
Amortisation of website
Depn of office equipment|37,192
35,768
1,023
7,616
6,000
6,500
2,613
2,556
5,472
6,372
145
-
13,363
4,892
6,428
8,343
1,996
521
2,550
2,550
103
119|
|**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees|38,670
31,853
351
-
1,170
1,100|
|Total resources expended|41,214
40,569|
|**Net expenditure before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset investments|(4,022)
(4,801)
(5,114)
7,133|
|**Net (expenditure)/income**|(9,136)
2,332|
This page does not form part of the statutory financial statements
Page 13