2023-12-31-accounts - National Hedgelaying Society

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National Hedge Laying Society

Charity No. 288850

Trustees' Report and Unaudited Accounts

31 December 2023

National Hedge Laying Society Contents

	Pages
Trustees' Annual Report	2
Independent Examiner's Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Accounts	6 to 12
Detailed Statement of Financial Activities	13 to 14

Page 1

National Hedge Laying Society Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 288850

Trustees

The following trustees served during the year:

C. Bethell (Resigned 13 May 2023) M.A. Budding J.R. Craig A.C. Crow M.D. Hartnell R.W.S. Hooker C.E. Maymon (Elected 13 May 2023)

Key Management Personnel

Key Management Personnel
Chair	J.R. Craig
Vice Chairman	C. Bethell (Resigned 13 May 2023)
Vice Chairman	M.D. Hartnell (Elected 13 May 2023)
Treasurer	A.C. Crow

Accountants

Lealindis Limited 71 London Road Newark NG24 1RZ

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

J.R. Craig Trustee 11 May 2024

Page 2

National Hedge Laying Society Independent Examiners Report

Independent Examiner's Report to the trustees of National Hedge Laying Society

I report to the trustees on my examination of the financial statements of National Hedge Laying Society for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 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

I have completed my examination. I can 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:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.

Chris Wade

ICAEW Lealindis Limited 71 London Road Newark

NG24 1RZ

11 May 2024

Page 3

National Hedge Laying Society Statement of Financial Activities

for the year ended 31 December 2023

Unrestricted funds	Restricted funds	Total funds	Total funds
2023	2023	2023	2022
£	£	£	£

5,186	-	5,186	15,686
54,878	-	54,878	51,331
1,657	-	1,657	1,161
2,361	-	2,361	394
64,082	-	64,082	68,572

1,445	-	1,445	1,349
39,258	8,291	47,549	32,085
25,221	-	25,221	10,643
65,924	8,291	74,215	44,077
-	-	-	-
(1,842)	(8,291)	(10,133)	24,495
-	-	-	-
(1,842)	(8,291)	(10,133)	24,495

(1,842)	(8,291)	(10,133)	24,495

128,998	69,655	198,653	174,158
127,156	61,364	188,520	198,653

Page 4

National Hedge Laying Society Balance Sheet

at 31 December 2023

Charity No. 288850 Fixed assets Tangible assets 12 Current assets Stocks 13 Debtors 14 Cash at bank and in hand Creditors:Amount falling due within one year 15 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 16 Restricted income funds Unrestricted funds 16 General funds Reserves 16 Total funds	2023 £ 24,864 24,864 1,751 2,934 159,013 163,698 (42) 163,656 188,520 188,520 188,520 61,364 61,364 127,156 127,156 188,520	2022 £ 26,287
		26,287 2,056 330 170,017
		172,403 (37)
		172,366 198,653
		198,653
		198,653
		69,655
		69,655 128,998
		128,998
		198,653

Approved by the trustees on 11 May 2024

And signed on their behalf by:

A.C. Crow Trustee 11 May 2024

Page 5

National Hedge Laying Society Notes to the Accounts

for the year ended 31 December 2023

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 6

National Hedge Laying Society Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Equipment % Straight line Trophies % No depreciation

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 7

National Hedge Laying Society Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 8

National Hedge Laying Society Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations The Tree Council Grant	Unrestricted funds 2022 £ 685 39,331 1,161 394 41,571 1,349 26,923 10,643 38,915 2,656 2,656 2,656 126,342 128,998 Unrestricted £ 650 4,536 5,186	Restricted funds 2022 £ 15,000 12,000 - - 27,000 - 5,161 - 5,161 21,839 21,839 21,839 47,816 69,655 Total 2023 £ 650 4,536 5,186	Total funds 2022 £ 15,685 51,331 1,161 394
			68,571 1,349 32,084 10,643
			44,076
			24,495
			24,495
			24,495 174,158
			198,653
			Total 2022 £ 15,686 -
			15,686

Page 9

National Hedge Laying Society Notes to the Accounts

4 Income from charitable activities

Membership subscriptions Championship Skill development fees Shows Patron's event 5 Income from other trading activities Merchandise Advertising 6 Income from investments Bank interest 7 Expenditure on raising funds Fundraising trading costs Merchandise	Unrestricted £ 18,943 26,351 5,330 1,850 2,404 54,878 Unrestricted £ 1,507 150 1,657 Unrestricted £ 2,361 2,361 Unrestricted £ 1,445 1,445	Total 2023 £ 18,943 26,351 5,330 1,850 2,404 54,878 Total 2023 £ 1,507 150 1,657 Total 2023 £ 2,361 2,361 Total 2023 £ 1,445 1,445	Total 2022 £ 16,905 19,926 12,250 2,250 -
			51,331
			Total 2022 £ 1,061 100
			1,161
			Total 2022 £ 394
			394
			Total 2022 £ 1,349
			1,349

Page 10

National Hedge Laying Society Notes to the Accounts

8 Expenditure on charitable activities

8 Expenditure on charitable activities
Expenditure on charitable activities Membership subscriptions Advertising & Marketing Championship Skill development fees Shows Patron's event 9 Other expenditure Website costs Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 10 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets Independent Examiner's fee 11 Staff costs Salaries and wages Pension costs	Unrestricted £ 2,894 5,000 22,483 4,634 1,752 2,495 39,258	Restricted £ - - - 8,291 - - 8,291 Unrestricted £ - 11,148 483 674 1,722 7,415 3,779 25,221 2023 £ 1,722 350 2023 10,148 85 10,233	Total 2023 £ 2,894 5,000 22,483 12,925 1,752 2,495 47,549 Total 2023 £ - 11,148 483 674 1,722 7,415 3,779 25,221	Total 2022 £ 2,956 - 20,600 5,755 2,773 - -
				32,084
				Total 2022 £ 796 - - 224 1,516 7,334 773
				10,643
				2022 £ 1,516 - 2022 - -
				-

No employee received emoluments in excess of £60,000.

Page 11

National Hedge Laying Society Notes to the Accounts

12 Tangible fixed assets

12 Tangible fixed assets
Cost or revaluation At 1 January 2023 Additions At 31 December 2023 Depreciation and impairment At 1 January 2023 Depreciation charge for the year At 31 December 2023 Net book values At 31 December 2023 At 31 December 2022 13 Stocks Finished goods Carrying value analysed by activities Merchandise 14 Debtors Trade debtors 15 Creditors: amounts falling due within one year Trade creditors Accruals	Equipment	Trophies £ 21,342 - 21,342 - - - 21,342 21,342	Total £ 28,640 299
	£ 7,298 299 7,597 2,353 1,722 4,075 3,522 4,945 2023 £ 1,751 1,751 2023 £ 1,751 1,751 2023 £ 2,934 2,934 2023 £ 42
			28,939
			2,353 1,722
			4,075
			24,864
			26,287
			2022 £ 2,056
			2,056
			2022 £ 2,056
			2,056
			2022 £ 330
			330
			2022 £ 36
	-		1
	42		37

Page 12

National Hedge Laying Society Notes to the Accounts

16 Movement in funds

Restricted funds: Restricted income funds: Skill development - PCF Trainer development Education & training Youth fund Apprenticeships Funding Total Unrestricted funds: General funds Total funds	At 1 January 2023 7,319 15,845 28,056 3,435 15,000 69,655 128,998 198,653	Incoming resources (including other gains/losses ) £ - - - - - - 64,082 64,082	Resources expended £ (8,291) - - - - (8,291) (65,924) (74,215)	At 31 December 2023 £ (972) 15,845 28,056 3,435 15,000
				61,364
				127,156
				188,520

Purposes and restrictions in relation to the funds: Restricted funds: Skill development - PCF Trainer development Education & training Youth fund Apprenticeships Funding

17 Analysis of net assets between funds

Fixed assets Net current assets	Unrestricted funds £ 24,864 160,722 185,586	Restricted funds £ - 2,934 2,934	Total £ 24,864 163,656
			188,520

Page 13

National Hedge Laying Society Notes to the Accounts

18 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents Net debt	At 1 January 2023 £	Cash flows £	At 31 December 2023 £
	170,017	(11,004)	159,013
	170,017 170,017	(11,004) (11,004)	159,013
			159,013

Commitments *Operating lease commitments* Annual commitments under non-cancellable operating leases 2023 Land and buildings £ Operating leases with expiry date: *Pension commitments* The pension cost charge to the charity amounted to:	are as follows: 2023 Other £ 2023 £ 85	2022 Land and buildings £	2022 Other £ 2022 £ -

19 Commitments

Page 14

National Hedge Laying Society Detailed Statement of Financial Activities

for the year ended 31 December 2023

Income and endowments from: Donations and legacies Donations The Tree Council Grant Charitable activities Membership subscriptions Championship Skill development fees Shows Patron's event Other trading activities Merchandise Advertising Investments Bank interest Total income and endowments Expenditure on: Costs of other trading activities Merchandise Total of expenditure on raising funds Charitable activities Membership subscriptions Advertising & Marketing Championship Skill development fees Shows Patron's event Total of expenditure on charitable activities Other expenditure Website costs	Unrestricted funds 2023 £ 650 4,536 5,186 18,943 26,351 5,330 1,850 2,404 54,878 1,507 150 1,657 2,361 2,361 64,082 1,445 1,445 1,445 2,894 5,000 22,483 4,634 1,752 2,495 39,258 39,258 - -	Restricted funds 2023 £ - - - - - - - - - - - - - - - - - - - - - 8,291 - - 8,291 8,291 - -	Total funds 2023 £ 650 4,536 5,186 18,943 26,351 5,330 1,850 2,404 54,878 1,507 150 1,657 2,361 2,361 64,082 1,445 1,445 1,445 2,894 5,000 22,483 12,925 1,752 2,495 47,549 47,549 - -	Total funds 2022 £ 15,686 -
				15,686
				16,905 19,926 12,250 2,250 -
				51,331
				1,061 100
				1,161
				394
				394
				68,572 1,349
				1,349
				1,349 2,956 - 20,600 5,755 2,774 -
				32,085
				32,085 796
				796

Page 15

National Hedge Laying Society

Detailed Statement of Financial Activities

Employee costs Salaries/wages Pension costs Staff recruitment Staff welfare Temporary staff Motor and travel costs Travel and subsistence Premises costs Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Equipment Depreciation of Trophies Bank charges General insurances Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Other legal and professional costs Total of expenditure of other costs Total expenditure Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds:	10,148 85 102 10 803 11,148 483 483 674 674 1,722 - 334 1,162 566 4,750 431 40 108 24 9,137 890 2,889 3,779 25,221 65,924 (1,842) (1,842) - (1,842)	- - - - - - - - - - - - - - - - - - - - - - - - - 8,291 (8,291) (8,291) - (8,291)	10,148 85 102 10 803 11,148 483 483 674 674 1,722 - 334 1,162 566 4,750 431 40 108 24 9,137 890 2,889 3,779 25,221 74,215 (10,133) (10,133) - (10,133)	- - - - -
				-
				-
				-
				224
				224
				1,516 - 324 2,142 148 4,680 - 40 - -
				8,850
				420 353
				773

				10,643
				44,077
				24,495
				24,495 -
				24,495

Page 16

Total funds brought forward Total funds carried forward National Hedge Laying Society Detailed Statement of Financial Activities	128,998 127,156	69,655 61,364	198,653 188,520	174,158
				198,653

Page 17