## **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** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total**
**Expenditure on:**
Raising funds
7
Charitable activities
8
Other
9
**Total**
Net gains on investments
**Net (expenditure)/income**
10
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**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