CHARrrY REGISTRATION NUMBER: 290786 British Cactus and Succulent Society Unaudited Financial Statements 30 September 2025 LLErr HULANCE NTANTS Chartered Certffied Accountants 40 Kimbolton Road Bedford MK40 2NR
British Cactus and Succulent Society Flnancial Statements Year ended 30 September 2025 Page Trustees, annual report Independent examiner's report to the trustees Ststement of financial activities Statement of financial position Notes to the financial statements
British Cactus and Succulent Society Trustees. Annual Report Year ended 30 September 2025 The trustees present their report and the unaudrted financial 5tatement5 of the charity for the year ended 30 September 2025. Refereneè and admlnl8tratlve detalls Registered charity nam• 8ritish Cxtus and s(lIent &iety Charlty registratlon number 290786 Prlnclpal offk• Boot Fam) Walctr8t Lane Litu8 Kingshill Gt Missenden HP16 ODR Tho tru8tO•8 R Chanller R James E Maddwks P Binl I D ATm5trong Or F Sengpiel M Doorbar RAPitts (Resigned 26 Apnl 2025> (Reslgned 1 March 20251 (Appointed 26 April 20251 (Appointed 26 April 2025} (Appointed 24 May 20251 Ind•p•ndent examlner Mark Botlomby ACA 40 Kimbolton Road Bedford MK40 2NR Structurn, governance and management The Soclety is an unincorporated assooabon governed by a deed dated January 3rd 1985, as amendeé April 26th 2025. There are no corporale tru$lee$. The $o¢i@ty ts managed by a Board of Trustees IBoT} c#)nsisling of six dected mernbers, one member nominated by thè shows ccmmrttee and nine rnber$ appointed by the trustees lo carry the following jobs.'_ Treasurer. Membership Secretary, Journal Editor, Bradleya Editor. Journal Adverti5irig Officer, Joumal Production Officer. Markeb'ng Officer. Publicabons OffKer and Website and Forurn Administrator. Thè elected members are'.- Chairrnan, Vwhairman, Secretsry and two members without portfollo. Thè BOT carries out its work through a senes of meetsngs held throughout the year and by a system of 616ctronic de&sion making via e¥11. The managernenl of scciety is camed oul on an entirely wntary basis wilh only reasonable expenses being refunded.
British Cactus and Succulent Society Trustses. Annual Report (conthiu•d) Year ended 30 September 2025 Objectives The objectives of the soctty a to advance the educatM)n of the public by the study, culture and propagation of cacti and other succulent plants and tr) promote the conservatM)n of such plants. In furtheran of these general objectp4es, but not further or otheNe. the $iety may.'- 1. gather and dissemine particulars of cuttNat'on and propwjatw, 2. hold meetFngs, shows, lectures, exhibitK)n5, visits lo colleth"ons', exchange plants. seeds and study materials.. publish joumals, books. manuals and other materials.. and such other activrties as may promote the objeelives 3. raise funds and invite and recewe contn"butions from any person or Fersons whatever by way of subscriptions, publication of bjoks, manuals and other materials and otherwise. provided that the society shall not undertake any permanent trading activit in raisiry hjnds for its primary charitable objectives. Actlvbtl•8 The SOcty offers a programme of meebngs. shlY and events. The BCSS nonnalty holds a Nstsonal Show as a fiagship event every four years. The last Natlonal Show was in 2022 and the 2026 show is currentty being planned. The Show will take pl&e over days, *tyth slaging and judging of the exhibits taking place on Saturday, and the show is open to thè publlc on Sunday. The BCSS rnonthty free online talks conkn'nue lo attract a large worldwide audi8nc8 and is open to anyone interested in our plants In many cases these talks on Zcom may be the only intsractive means of people linking in with the society owing lo factors such as.. distance from a branch. age. illness, or disabilrty. The work of the Research Commrtt8e and the Conservation Comfflrttee 1$ central to our objectives. The Society has decided lo increase the budget of the Research Committee up to a maximum spend of £20,000 per year. The Board has also been reviewng the complrance of the Society wrth General Data Protection Regulation (GDPR} and the Online Safety Act (OSA). The &Kiety conb"nue$ to modernise its IT hardware and sothvare and lo adapt rts digital presence to a constantly changing environment. The Board has appointed an IT professional as IT markiger, a fo previously filled by a trustee on voluntary basis. This will put the Society in a much stronger posrtion to deal with IT-relaled threats and keep our InfraStCture up lo dale. The Society's online presence remains to be very popukr. Thousands of people, t¥)th members and non members, receive the monthty eNews Hundreds tune in to the mTh)thly Zoom talks, and we are very grateful to our excellent speakers for gNing up their time for the BCSS. Our F0k group has nearly 6,(M)O members, wrf(h many contn"bubng regulaty. Our print publtalions Caclusworld and Bradley contsnue to be of the highest quality and flagships of our Society, and we thank tKJth the editonal teams and the aUthS of the arb.cles for their efforts. The local branches are the lifeblood of the Society,. they are the F)n'mary means for members lo meet, buy and show plants and listen to talks. We are grateful to 1 the branch officials for the work they do.
British Cactus and Succulent Society Trustees. Annual Report (¢Mlinu•dJ Year ended 30 S•ptember 2025 Achlevemènts and performance The Society's membership remains buoyant. Wth 85 new subscn"bers. the total membership increase¢ from 2,912 to 2,997, compared to the same knme last year. of whom 298 (10%) were based overseas (a decrease of 13 ainSt 2024). Con18Ct contsnues to be maiftlained wtth simrtar sc¢ieties in many countries, mDSt notably the USA, and Europe. The Scciety Joumal Icaclusworldl was published to members In December, March, June and Septernber. The more technical year book BRADLEYA 2025 edilKJn was publish8d in May. Flnanclal revlew The year to 30th September saw the Society make a defiu't on ordinary activities of £9,433 which included conservation and research grants made of £8,305. Revaluation of investments shows Jeficit of £15,638 giving an overall defrt of £25.070 for the year. Total financial assets at the yearnd amounted to £453.836 of wttich £13.770 represented restrted funds primarily for conserwation and search projects. The aim outsKle these restricted fvrKls Is to hc4d the equivalent of tsvo years expendilure as a resérve. No funds are hekj on behalf ot others. The tNstees' annual report was approved on 6 Decembef 2025 and gned on behalf of the board of trustees by.. R Chanller Trustae ngpEI Trustee
British Cactus and Succulent Society Independent Examinerfs Report to the Trustees of British Cactus and Succulent Society Y•ar endod 30 September 2025 I report to the Iruslees on my examinat of the financial statements of Briti"sh Cactus and Succulent So¢Ety Ilhe charty) for the year erKied 30 September 2025. R88pon8lbllltle8 and basls of report As the trustees of the charty you are responsible for the preparab'on of the finanaal statements in accordance with the requirements of the Charities Act 2011 {'the Ad}. I report in respect of my examination of the charty's financ1 statements Carried out under section 145 of th8 2011 Act and in caing out my examinakn.on I have followed all the applicable Directions given by the Charity comrni55n under Section 145{5llbl of the Act. Ind•pondont oxamlnorfs statement I have completed my 0xaminatn. I nfirni th81 material matters have come to my ottention in connection with the examinabon gNing me Cause lo belthie that in any matenal respect.. accounting records were not kept in respect of the charity as required by secb'on 130 Of the Act., or the financial stslements do not accord with those records,. or the financial statements do n(A CoMY with the appIThb requirements coneeming the form and content of accounts sel out in the Charili8s (Accounts and Rewrtsl Regulab'ons 2008 other than any reqU1ment that the accounts gNe a 'trua and faif vth¥ which is not a matter considered as part of an inoependenl examination. I have no con which attenl. accounts I s and have come •yoss no other matters in conneCtn th the examination to should be drawn in this report in or(ler to enabk a Proper understanding of the ached. mley ACA dependent Examiner bohon Bedfoid MK40 2NR 17 February 2026
British Cactus and Succulent Society ststement of Financial Activities Year ended 30 September 2025 2025 Restricted fund5 Total fvnds Total funds 2024 Unrestricted funds Income and endowments Donations and legacies Other trading activities Investment income 13,014 101,727 12,053 126.794 10.708 23.722 101.727 12,348 6,753 109,054 12,985 295 Total Income 11,003 137.797 128,792 Expenditure Expenditure on raising fvnds". Costs of raising donations and legacies Costs of other tradirkg activities Expenditurè on chanlable activities Totsl •xpfrndlturn 3W 119,205 19,419 8.305 8.605 119.205 19.419 147,229 12,776 106,471 23,034 142,281 138,g24 8,305 Nel Ilossesllgain$ on investmènts 115.2641 {374) {15,6381 31.938 Net (OxndItulaVlnC0rno and not movement In fund8 127,3941 2,324 (25,070) 18,449 RKonclllatlon of funds Total funds brought torwar¢l Tot81 fund8 carrl•d forward 467,459 440,C65 11,446 13,770 478.905 460,457 478,906 453,835 The statement of financial xliwtses Includes all gains and reccgniséd in the yèar. All income and expendrture derive from continuing actiwts'es. Th• notes on Pa 7 to 14 forni part of financlal statements.
British Cactus and Succulent Society Slatement of Financial Position 30 September 2025 2025 2024 Flxed assets Investments 12 346.807 362,445 Current ¥SS8t8 Stock5 Debtors Cash at bank and in hand 13 14 41.269 2.294 82.113 125,676 45.716 2.294 85,517 133,527 Ciedltord: arnounts falllng du• within one year Nel curront assets 15 18.648 17,066 11e,461 478, 478,6 107,028 Totsl assets le88 eiirr•nt Ilablllti 453.835 Net assgts 453,835 Funds of the ¢harlty Restricted funds Unreslricled funds 13.770 440,065 11,446 467,460 Total charlty lunds 16 453,835 478,9C These financlal statements were approved by the t#)ard of tntee5 aThJ authorised for Issue on 6 Decembef 2025, and are signed on behalf of the board by. R Chantler Trustee p1 Trus Tho not•s on paw 7 to 14 farni part of th•w Ilnanclal statements.
Brltlsh Cactus and Succulent Society Notes to the Financial Statsments Year ended 30 September 2025 Gonoral inforrnation The charty is a public benefit entity and a registered charity in EngLand and Wales and is unincorporated. The address of the principal office is Suffolk House, 2 Oak Hill, Washingborou9h. LN4 18A, Lincs. ststement of Gompllanc¢ These financial statements have been prepared In compliance wth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland.. the Ststement of Recommended Practice applicabbe to tharities preparing their accounts In ardance with the Financial Reportbng Standard applicab in the UK and Republic of Ireland IFRS 1021 {Chaflties SORP {FRS 10211 and the Chantw Act 2011. Accountlng pollcl•• Ba•18 of preratIon The financial Statements have been prepared on the histon'cal cost basis, as modified by the rèvaluation of certain financial assets and Ilabllitw and investment properties measuT8d at fair value through income or expenditure. The financi81 statements are prepared in sterfing, whlch is the functsonal currency of the entity. Golng ¢oncem There are no malen'al uncertaint* about the tharitys to conts'nue. DIs¢1Ul• •x•mptlon• Th8 entity satisfies the criteria of being a qualty'ng entity as definèd in FRS 102. Its financial statements are wnsolidaled into the financial statements of lenler name of group financial stalefflenlsl whh can be obtained from lenler detail). As such, advantage has been taken of the folbwing disclosure exemptions available under paragraph 1.12 of FRS 102.. lal No cash flow statement has teen presented for the company. bl Disclosures in respect of financial instrument5 have not been presented. Judg•ments and k•y ¥our¢88 of ••tlrnatlon unc•rt•lnty The PTeparalNin of the financial ststements requires management to make judgements. eslimales and assumpknons that affect the amounts reported. These estimates and judg&ments are continually reviewed and are based on expenence and other factors, including expectstions of future events that are believed to be reasonable under the rCumstanCes. Fund accountlng Unrestricted funds are available for use at the discre1K of the trustees to further any of the ¢harity's purposes. Designated funds are unstrICted funds earmarted by the trustees for particular future proje¢t or cornrnitment. Restricted funds are subjècted to restrictions on their expenditure d&lared by the donor or through the terms of an apFeal, and fall into e of two sutrflasses.. restn'cted income funds or en(iowment fvnds.
British Cactus and Succulent Society Notss to the Flnancial Statsments Year ended 30 September 2025 Accounting poll¢los (coftthu Incoming rnsourc•s All incoming resources are included in the statement of financial a¢tiviti'es when entitlement has passed to the charity.. il is probable that the economic tenefils associated with Ihe Iran5adion will ow to the charity and the amount can be reliabty measured. The folbwng specific policies are applied lo PaUlar categ¢ys of 1me.. income from donab'ons or grants is recognised when there is evthn¢• of entrtlement to the gift. receipt Is probable and rts amount can b8 measured rdiably. legacy Income is rwnk8ed when receipt is probable and entitl8ment is established. incom& from donated goc>Js ts measured al the fair value of the goods unle55 this is impractical to measure reliably. in whh case the value is derived from the cost to the donor or the estsmated resale value. Donated facilit and services are rewanised in the accounts when received if the value can be relkabty measured. No amounts are included for the contributbon of general volunteers. income trom contracts for the supply of servi$ is recognised with the delery of the contracted service Thi$ classified as unrestricted funds unless ther8 is a conlra¢lual requirement for il to be spent on a partieuLar and retumed if unspent, in which case it may b8 regarded as restrKted. R••ourc•s oxpond•d Expendrture is recc¢3nised on an accruals basis as a liability ts incuffed. Expanditure includes any VAT which cannot be fully recovered, arKI is classified under headings of the statement of financ1 activities to which il relates.. expenditure on ralsing funds includes Ihe costs of all fundraising xtivitses. events, non- charitable trading activitses, and the sale of donated gcods. expenditure on charitabk aCtIvrt includes all costs Inrred by a charity in undertakin9 ath'vities that further its charIlab aims for the benefit of its beneficiaTies, induding those support costs and costs rebatsng to govemance of the charity appOrtned to Charitab activities. other expendrture includes all experllure that is neither related lo raising funds for the charity nor part of its expendrture on charrtable actNrt. I costs are allocated to eXpendrtU categorw refi8cb.ng the use of the source. Direct costs attributable lo a single actNty are allotrAted diredy to Ihal activity. Shared costs a apportioned beeen the activities they contTibute to on a reasonable, justsfiable and consistent bas. Investfflents Unlisted equity investrnenls are initHlly recorded at cost. and subsequently measured at fair value. If fair value cannot be re1k9 measured. assets are measured al cost less impairment. Listed investments are measured al fair Val vmh changes in fair value being recognised in income or expenditure.
British Cactus and Succulent Society Notes to the Flnancial Statements Year ended 30 September 2025 Accountlng pollcles (C Invostmgnt8 In auociates Investments in associates accounted for in accordance wtih the cost m(MJel are rrded al cost less any accumulated impairment bsses. Investments in associates accounted for in ac£ordan¢e with the fair value model ar& inibally recorded at the transaction price. Al each rewrting date. Ihe investments are measured at fair value, with changes in fair value taken through income or expendrture. Where it 1$ impracticable to measure fair value relrably the Cost m¢knl will be adopted. Dividends and other distritr1OnS receNed from the investment are recognised as income without regard to whether the dislributsons are fr¢)m accjjmulated proffits of the aSslate arising b8fore or aftar the date of acquisiti'on. Invo8tm•nts In 1Th1 venturn• Investments in loinlty controlled entilie$ accounted for in x£ordance wth the cost model are recorded al cost less any accumulated impaient bsses. Investments in joindy clintrold entits'es accounted for in )rdance Wth the fair valu8 model are initrdlly recorded at the transactson price. At eh reporbng date. the Investments are measured at fair value, with changes in fair value laken through income or èxpenditure. Wher8 It is impracticable to measure fair value reIraY the ¢ost mtsjel will be adopted. Dividends and other distribut)n$ received from the investsnent are re¢ognised as income without regard to wh&thèr the dislributK)ns are from accumulated pyofits of the joint venture ansing before or after the dale of acquisition. Impalrni•nt of Ilxed as8•ts A review for indicators of impairment is Carried out al each rep)rting dale, wth the recoverable amount being esb"mated where such indicators exist Whefe the carrying value exceeds the fecoverable amount, the asset is impairéd aC)rdIn9ty. Prior impaiments are algo reviewed for possible reversal at each reporting date. For the purposes ol impainnent testing, when il ts not pos%ble to estimate the T8coverable amount of an individual asset, an estimate is made of the recoverable amount of the ¢a$h- generating unil to which the asset tdongs. The cash-generating unil is the smallest identifiablè group of assets that includes the asset and generales cash inllows that largely indeFendent of the ash inflows from other assets or groups of assel5. For impaiment tesling of goodw"Il. Ihe goodw"Il acquired in a bu5ines$ combinakn'on 1$. from the acqUisitn date, allocated lo each of the cash-generating units that are expected lo benefit from the synergies of the ¢ombinatson. irrespective of WIther other assets or liabilities of the Charity are asSned to those units. stocks stocks a measured at the lower of cost and eth'maled selling price less costs lo complete and sell. Cost includes all costs of purchase, costs of conVerSn and other costs Incurred in bringing the stock lo ils pent location and ts)ndrt.
British Cactus and Succulent Society Notes to the Flnancial Statsments (c¢wthu• Year ended 30 September 2025 Accounting policies (copthwdj Financial In8trum•nts A financial asset or a financial liability is recognised onty when the Chanty becornes a paty lo the contraclual provisions of the instrument. Bas financial instnjments are initalty recognised at Ihe amount receivable or payable induding any related transaction costs. Current assèts and current I'IrtieS are subw]uenUy measured at the cash or oth8r considgralion expected to te paid or recewed and not discounted. Debt Instruments are subsequenty measured at amortised cosL Where investments in shares are publKty traded or their far value can othewse be measured reliably. the investment is subsequently measured at fair value with changes in fair value recognised in income and expendrture. All other 8u¢h 1VeStMents are $Lbbsequently measured at cost less irnpairment. Other financial instruments. induding denvats'ves. are inib.ally recc¥ni8ed al fair value. unless payment for an asset is deferred beyond nomal business terms or financed al a Tate of Inte$t that is not a market rate, in which case the asset is measured at the present valué of the future payments discounted at a market rate of interest for a similar debt instrumenl. Other f+nanckql instruments a subsequentty measured at fair value, with any changes ognised in th¢ Statement of finala1 xlivibes, with Ihe exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amorttsed cost ar8 reviewed for objeclive evidence of impairment al the end of each reporting date If the is objects'va evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of hnancial activkies in which the inlilal gain was recognlsed. For all equity instruments regard of Si9nrfanCe. and other financial assets that are ndividually slgnrficanl, these a assessed indivalty for impairment. Other financhql assets are either assessed individually or grouped on the basis of similar credit risk chara¢terislics. Any reversals of impairment are recogntsed immediatety, to the extent that the verSal does r sull in a carying amounl of the financial asset that exceeds what the carying amount would have been had the impainnenl not preoUSty been recognised. Donatlon• and l•gacl Unrestrided FurKIs Restn'cted Total Fund• Funds 2025 Donatlons Donations and bequests Gift aid recovered 6,891 6.123 10,170 538 17,C61 6,661 23,722 13.014 10,708 -10-
British Cactus and Succulent Soclety Notss to the Firn¢la1 Statements Year ended 30 Septernr 2025 Donations and legacles {conlinirt Unrestricied Funds Restrict&Y Total Funds Funds 2024 Donallon8 Donations and bequests Gift aid recovered 1,203 295 1,203 5,550 6,753 5,2SS 5,255 1,498 Othor trading activitlas Unrestrthd Totsl Funds Unrestricted Toi81 Funds Funds 2025 Funds 2024 Subscription$ Conventions and shows Books, publical*)ns and seed sales Advertising and miscellaneous 53,850 4.179 43.540 53.850 4.179 43,540 158 52,705 7,754 48,355 240 52.705 7.754 48,355 240 101.727 101.727 109.054 109,054 InVtrnfil Incom• Unfestrtlèd Fund$ Restricted Total Funds Funds 2025 Bank interest receivable 12.053 295 12,348 Unrestricted FurMIs Reslrieted Totsl Funds Funds 2024 Bank interest receivable 12,401 12,985 Costs of oth•r tr•dlng acllvltl•8 Unrestricted Total Funds Unrestricted Totsl Fund5 Funds 2025 Funds 2024 Costs of other tr&Jing actmties 119,205 119,205 106.471 106,471 Expendltur• on eh•rltable acllvltlgs by lund type Unresirthd Total Funds Unresthded Total Funds Funds 2025 Funds 2024 Support o)sts 19.419 19,419 23,034 23,034 11
British Cactus and Succulent Society Notes to tho Financlal Statements (¢oftllnwdJ Year ended 30 septnber 2025 Net11088osygains on investsnonts Unrestricled Restricted Tolal Fund¥ Funds Funds 2025 Gainslllosses} on listed investrnents (15,264) 13741 (15.6381 Unrestricted Funds Rèstricted Total Funds Funds 2024 Gain8lllr)s¥es) on listed invesknents 30.502 1.436 31,938 10. Independfrnt •xamlnatlon fms 2025 2024 Fees payablè lo the independent examiner for. Independent &xaminalion of the financial statements 1,300 1,150 11. TTu81•• r•muneratlon •nd expon8•S No wmurwation or other benefits from emFAoymenl wth the charity or a felalèd enttty were received by the trustees, but expenses were reimbursed totallitvj £39112024 - £5441. £91 relatèd lo postage and £300 was in relab.on lo other expenses. 12. Investment8 Llsted InvMlm•nts Cost or valuatlon Al 1 October 2024 Additicns Fair value movements 362.445 (15,638) 346,807 At 30 S•pt•mb6r 2025 Impalrnient Al 1 October 2024 and 30 Septemb•r 2025 Carrying amount At 30 Septemb•r 2025 AI 30 September 2024 346,807 362,445 All investrnents shown above are held at valuatk)n. Flnan¢lo1 assets hekl at fair valu¢ The fair value of investments is thwr market value as at the year end. -12-
British Cactus and Succulent Society Notes to the Flnancial Statsments (Cothinued) Year endod 30 September 2025 13. Stocks 2025 2024 Raw malerrals and con5urnables 41,269 45.716 14. Debtorn 2025 2024 Prepayments and awrued income 2,294 2,294 15. Cr•dltors: amounts tslllng du• withln on• year 2025 2024 Trade creditors Accruals and deferred income Sccial securty and other tsxes 11.229 2.151 5,268 18,648 13,619 1,300 2,147 17,OS6 16. An•ly•ls of charltable funds Unr•8trl¢ted fund• Gains and At losses 30 Sapt 2025 At 1 Oct 2024 Income EKpanditure General funds 467,459 126.794 1138,924) {15,2641 440,065 Gains and At bs5es 30 Sept 2024 Al 1 Ocl 2023 Income Expendrture General funds 439.753 126.710 {129.505) 30,502 467.460 Re•trSct•d funds Gains and At losses 30 Sept 2025 At 1 Ocl 2024 Income Expenditure Restricted Fund 11,446 11.003 (8,3051 {374} 13.770 Gains and At losse5 30 Sept 2024 Al 1 Oct 2023 1me Expenditure Restricted Fund 20,704 2.082 (12,776) 1,436 11,446 -13-
British Cactus and Succulent Society Notes to the Flnancial Statements (continued) Year ended 30 September 2025 17. Analysis of nel agsets betwe•n fvnds Unrestrthd Funds Restricted Total Funds Funds 2025 Investments Current assels Credrtors less than 1 year Not assets 346.807 111,905 (18,6471 440,065 346.807 125.675 118,6471 453.835 13,770 13.770 unreStrted Fund$ Restricted Totsl Funds Fund5 2024 Invèstments Currènt assets Cffjdilors less than 1 year N•t a•80ts 362.445 122.081 (17,C66) 467,460 362,445 133.527 117.0661 478.906 11,446 11,446 -14-