Registration Charity Number 292789 THE SOUTH MIDLANDS AREA OF NAFAS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 THE SOUTH MIDLANDS AREA OF NAFAS FOR THE YEAR ENDED 31 AUGUST 2023 ||CONTENTS|| |---|---|---| |||Page| |Legal and Administrative Information||3| |Report of the Management Committee||4| |Independent Examiner’s Report||5| |Statement of Financial Activities||6| |Balance Sheet||7| |Notes to the Financial Statements||8 to 10| Page 3 THE SOUTH MIDLANDS AREA OF NAFAS ## LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2023 Charity Number 292789 Management Committee Mrs L Pirrie Chairman Mrs G Williams 1[st] Vice Chairman - 2[nd] Vice Chairman Mrs L Rigden Treasurer Mrs A Burgess Secretary Mrs E Hall Projects Mrs K Lines Media Mrs B Collins JDS & E - Photography Mrs D Everton The Flower Arranger Mrs S Badger Trading Independent Examiner Mr C Thomas Little Pinley Farm Manor Lane Claverdon Warwick CV35 8NH Bankers Lloyds TSB Solihull West Midlands Page 4 THE SOUTH MIDLANDS AREA OF NAFAS ## REPORT OF THE MANAGEMENT COMMITTEE ## FOR THE YEAR ENDED 31 AUGUST 2023 The Management Committee present their Report together with the independently examined financial accounts for the year ended 31 August 2023. ## Principal Activity Principal activity of the Association is to advance public education in the art of flower arranging and related subjects and to further any other charitable purpose or purposes. ## Business Review The year to 31 August 2022 shows a profit of £866 compared to a deficit in the previous year of £163, as shown on page 6. The Association is dependent on the individual flower clubs to provide the income of the Charity either through annual affiliation fees or the support of events organised by the Management Committee and the purchase of various publications and other articles sold by the Association. The Association’s Balance Sheet, as detailed on page 6, shows unrestricted funds amounting to £39,338 which is more than satisfactory. Signed on behalf of the Management Committee by: Mrs L Pirrie Chairman Date: Page 5 ## THE SOUTH MIDLANDS AREA OF NAFAS ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE SOUTH MIDLANDS AREA OF NAFAS ## FOR THE YEAR ENDED 31 AUGUST 2023 I report to the Trustees on my examination of the accounts of The South Midlands Area of NAFAS for the year ended 31 August 2023, which are set out on pages 6 to 7. ## Responsibilities and basis of Report As the Charity Trustees of The South Midlands Area of NAFAS 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 The South Midlands Area of NAFAS accounts 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 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 Charity, 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. Mr C Thomas Date: Page 6 ## THE SOUTH MIDLANDS AREA OF NAFAS ## STATEMENT OF FINANCIAL ACTIVITES ## FOR THE YEAR ENDED 31 AUGUST 2023 |Incoming Resources
Affiliation Fees
Sale (publications, etc)
Income from Events
Other Income
Total Incoming Resources
Expended Resources
Direct Charitable Expenditure
Fundraising and Publicity (events)
Management and Administration
Total Expended Resources
Net Outgoing Resources for the year
Reserves brought forward at 31.08.2022
Reserves carried forward at 31.08.2023|2023
£
12,827
7,678
8,390
183
29,078
16,718
5,788
5,706
28,212
866
38,472
39,338|2022
£
8,164
6,790
14,436
46
29,436
13,572
14,553
1,474
25,599
(163)
38,635
38,472| |---|---|---| Page 7 THE SOUTH MIDLANDS AREA OF NAFAS ## BALANCE SHEET ## FOR THE YEAR ENDED 31 AUGUST 2023 |Current assets
Stock
Prepaid expenses:
Rent
NAFAS course
AGM
Area Show
Lloyds TSB Business Account
Lloyds TSB Current Account
Lloyds TSB Trading Account
Lloyds TSB JDS&E Account
Lloyds TSB Flower Arranger Account
Scottish Widows Bond
Cash in hand
Current Liabilities
Examiner’s fee payable
Purchases for sales table
Funds received in advance:
JDS&E workshop
Members Day
The Flower Arranger
Due on photo shoot
Total Net Assets
Unrestricted Funds
Balance brought forward
Deficit for the year
Total Unrestricted Funds
Mrs L Pirrie
Chairman _________________________|2023
2022
£
£
£
£
388
405
506
-
275
-
150
-
225
773
4,068
4,047
9,589
9,440
1,041
658
3,237
2,054
3,072
2,603
20,823
20,823
100
64
43,474
40,867
200
100
111
-
692
-
933
-
2,200
2,200
-
95
4,136
2,395
39,338
38,472
38,472
38,635
866
(163)
39,338
38,472
| |---|---| ||| Date: Registered Charity Number 292789 Page 8 THE SOUTH MIDLANDS AREA OF NAFAS ## NOTES TO THE FINANCIAL STATEMENTS ## FOR THE YEAR ENDED 31 AUGUST 2023 ## 1. Basis of Accounting These financial statements have been prepared in accordance with the relevant accounting standards and under historical cost convention. The statements comply with the Charities SORP (Statement of Recommended Practice). ## 2. Accounting Policies ## Incoming Resources All incoming resources are unrestricted funds, that is, funds available for charitable purposes within the objectives of the Charity. Income is credited on the Statement of Financial Activities in the year to which it relates. ## Resources Expended Expenditure is allocated on the Statement of Financial Activities between direct charitable expenditure, fundraising and publicity, and management and administrative costs. Page 9 THE SOUTH MIDLANDS AREA OF NAFAS ## NOTES TO THE FINANCIAL STATEMENTS (Continued) ## FOR THE YEAR ENDED 31 AUGUST 2023 ## 3. Incoming Resources |3.
Incoming Resources||||| |---|---|---|---|---| |Affiliation Fees
NAFAS
South Midlands Area
Sales (Publications, etc)
Flower Arranger
Trading
Pot Pourri
Income From Events
JDS&E
Diamond Anniversary
AGM
Area Show
Members Day
Harrogate
Tea Party
Other Income and Interest
Donations
Bank interest and compensation
Sundry income
Sales table
Advertising income
Total Income|£
9,662
3,165|2023
£
12,827
7,678
8,390
183
29,078|£
7,234
930
5,483
1,227
80
2,053
5,336
-
-
6,347
700
-
-
35
11
-
-|2022
£
8,164
6,790
14,436
46| ||6,252
1,426
-|||| ||4,142
-
3,044
406
-
-
798|||| ||-
21
45
17
100|||| |||||| |||||29,436| Page 10 THE SOUTH MIDLANDS AREA OF NAFAS ## NOTES TO THE FINANCIAL STATEMENTS (Continued) ## FOR THE YEAR ENDED 31 AUGUST 2023 ## 4. Expended Resources |4.
Expended Resources||||| |---|---|---|---|---| |Direct Charitable Expenditure
Affiliation Fees to NAFAS
Flower Arranger (Publication)
Pot Pourri (Publication)
Trading
NAFAS course (Education)
Fundraising (events)
JDS&E
Diamond Anniversary
Harrogate
Gardeners World Live
Members Day
Area show
Management and Administration
Rents/Hire of Halls
Travel Expenses
Zoom Expenses
Annual General Meeting
Print, Post & Stationery
Sales table purchases
Examiner’s Fee
Other
Insurance
Website
National Show entry
SUMUP machines
Club Officers Day
Total Expended Resources|£
9,662
5,784
-
1,237
35|2023
£
16,718
5,788
5,706
28,212|2022
£
£
7,234
5,164
60
1,114
-
13,572
1,930
5,903
700
238
5,782
-
14,553
811
43
130
-
275
-
(200)
88
178
149
-
-
-
1,474
29,599|| ||4,078
-
-
94
-
1,616|||| ||852
230
88
2,490
246
14
100
49
196
149
1,098
80
114|||| |||||| |||||29,599|