Registration Charity Number 292789
THE SOUTH MIDLANDS AREA OF NAFAS
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
THE SOUTH MIDLANDS AREA OF NAFAS
FOR THE YEAR ENDED 31 AUGUST 2024
| 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 2024
Charity Number 292789
Management Committee
Mrs L Pirrie Mrs G Williams - Mrs L Rigden Miss A Perkins Ms C Williams Mrs K Lines Mrs B Collins Mrs S Morgan Mrs S Badger Mrs R Mahon
Chairman (to 04/06/24) 1[st] Vice Chairman 2[nd] Vice Chairman Treasurer Secretary Projects Media JDS & E Chairman The Flower Arranger Trading Newsletter Editor
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 2024
The Management Committee present their Report together with the independently examined financial accounts for the year ended 31 August 2024.
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 2024 shows a profit of £2,935 compared to a profit in the previous year of £866, 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 £ which is more than satisfactory.
Signed on behalf of the Management Committee by:
Mrs G Williams Vice 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 2024
I report to the Trustees on my examination of the accounts of The South Midlands Area of NAFAS for the year ended 31 August 2024, 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:
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accounting records were not kept in respect of the Charity, as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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 2024
| 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 31.08.2023 Reserves carried forward at 31.08.2024 |
2024 £ 15,040 7,019 10,558 2,069 34,686 19,013 6,947 5,791 31,751 2,935 38,472 41,407 |
2023 £ 12,827 7,678 8,390 183 29,078 16,718 5,788 5,706 28,212 866 38,472 39,338 |
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Page 7
THE SOUTH MIDLANDS AREA OF NAFAS
BALANCE SHEET
FOR THE YEAR ENDED 31 AUGUST 2024
| 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 Area show entries Affiliation fees in advance AGM ticket The Flower Arranger Total Net Assets Unrestricted Funds Balance brought forward Deficit for the year Total Unrestricted Funds Mrs G Williams Vice Chairman ______ Date: |
2024 2023 £ £ £ £ 300 388 256 506 - 275 100 150 546 225 4,120 4,068 8,572 9,589 1,180 1,041 4,998 3,237 4,322 3,072 22,455 20,823 89 100 46,938 43,474 100 200 - 111 1,165 692 - 933 65 - 310 - 25 - 3,000 2,200 4,665 4,136 42,273 39,338 39,338 38,472 2,935 866 42,273 39,338 _ |
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Registered Charity Number 292789
Page 8
THE SOUTH MIDLANDS AREA OF NAFAS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
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 2024
3. Incoming Resources
| 3. Incoming Resources |
|
|---|---|
| Affiliation Fees NAFAS South Midlands Area Sales (Publications, etc) Flower Arranger Trading Income From Events JDS&E AGM Area Show Members Day Tea Party Other Income and Interest Bank interest and compensation Sundry income Sales table Area Book Advertising income Total Income |
2024 2023 £ £ £ £ 11,280 9,662 3,760 3,165 15,040 12,827 5,401 6,252 1,618 1,426 7,019 7,678 4,781 4,142 2,363 3,044 - 406 3,414 - - 798 10,558 8,390 1,683 21 - 45 149 17 113 - 124 100 2,069 183 34,686 29,078 |
Page 10
THE SOUTH MIDLANDS AREA OF NAFAS
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 AUGUST 2024
| 4. Expended Resources Direct Charitable Expenditure Affiliation Fees to NAFAS Flower Arranger (Publication) Trading NAFAS course (Education) Fundraising (events) JDS&E 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 Bank charges Other Insurance Website National Show entry Malvern Show entry Chelsea Elimination competition New drapes Sound system SUMUP machines Committee Members Day Total Expended Resources |
2024 2023 £ £ £ £ 11,280 9,662 4,910 5,784 1,559 1,237 1,264 35 19,013 16,718 3,301 4,078 -321 94 3,967 - - 1,616 6,947 5,788 1,136 852 166 230 88 88 2,117 2,490 154 246 - 14 100 100 79 - 169 49 140 196 191 149 - 1,098 511 - 343 - 106 - 341 - - 80 150 114 5,791 5,706 31,751 28,212 |
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