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|||Page|
|---|---|---|
|Notice ofAnnual
General Meeting|||
|Charity
Information|||
|Chairman's
Report|||
|Trustees'
Report||6-12|
|Statement ofTrustees'|Responsibilities|13|
|Independent
Auditors'|Report|14-16|
|Statement
of Financial|Activities|17|
|Balance Sheet||18|
|Statement
ofcash flows|||
|Notes to the accounts||20-31|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||Notes|2023
6|2023
6|2023f|2022
6|2022
8|2022
6|
|Income from:|||||||||
|Charitable
activities||2|454,911||454,911|527,193||527,193|
|Investments||3|286,151|1,604|287,755|268,144|1,437|269,581|
|Total income|||741,062|1,604|742,666|795,337|1,437|796,774|
|x enditure on:|||||||||
|Raising funds||4|884,060||884,060|1,159,666||1,159,666|
|Charitable
activities||5|319,020||319,020|296,384||296,384|
|Total expenditure|||1,203,080||1,203,080|1,456,050||1,456,050|
|Net gains/(lasses)
investments||on
10|(49,037)|324|(48,713)|(1,080,882)|(8,646)|(1,089,528)|
|Net movement|in|funds|(511,055)|1,928|(509,127)|(1,741,595)|(7,209)|(1,748,804)|
|Fund balances|at 1 October||||||||
|2022|||7,336,063|70,605|7,406,668|9,077,658|77,814|9,155,472|
|Fund balances|at|30|||||||
|September 2023|||6,825,008|72,533|6,897,541|7,336,063|70,605|7,406,668|
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|f||||
|Fixed assets|||||||||
|Tangible assets||||12||269,475||261,112|
|Investment|properties|||13||2,588,400||2,588,400|
|Investments||||14||3,909,281||4,268,931|
|||||||6,767,156||7,118,443|
|Current assets|||||||||
|Debtors||||15|107,050||98,959||
|Cash at bank and in||hand|||114,300||306,206||
||||||221,350||405,165||
|Creditors:|amounts|falling due within|||||||
|one year||||16|(90,965)||(116,940)||
|Net current|assets|||||130,385||288,225|
|Total assets less current|||liabilities|||6,897,541||7,406,668|
|Income funds|||||||||
|Restricted|funds|||19||72,533||70,605|
|Unrestricted|funds|||||6,825,008||7,336,063|
|||||||6,897,541||7,406,668|
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|||6||
|Cash flows from operating||activities||||||
|Cash absorbed
by operations|||23||(778,563)||(899,045)|
|Investing|activities|||||||
|Purchase|oftangible fixed assets|||(12,034)||(5,440)||
|Purchase|of investments|||(876,125)||(1,336,466)||
|Proceeds|on disposal of investments|||1,187,061||2,086,053||
|Investment|income received|||287,755||269,581||
|Net cash|generated
from investing|||||||
|activities|||||586,657||1,013,728|
|Net cash|used in financing|activities||||||
|Net (decrease)/increase
in||cash and|cash|||||
|equivalents|||||(191,906)||114,683|
|Cash and|cash equivalents
at beginning||of year||306,206||191,523|
|Cash and|cash equivalents|at end of|year||114,300||306,206|
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||||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|
||||||||2023|2022|
||||||||8||
||Fundrais'|||and|ublicit||||
||Shrewsbury|||Flower||Show|845,637|1,106,444|
|||nt|man||||38,423|53,222|
||||||||884,060|1,159,666|
|5|Charitable||activities||||||
||||||||2023|2022f|
||Depreciation|||and|impairment||3,672|1,901|
||Grant funding|||of|activities (see note 6)||27,550|15,000|
||Share of|support|||costs (see note 7)||269,553|265,451|
||Share of|governance||||costs (see note 7)|18,245|14,032|
||||||||319,020|296,384|
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||||2023|2022|
|---|---|---|---|---|
|||||E|
|Grants to|institutions:||||
|Royal Horticultural||Society|5,000|5,000|
|Chartered|Institute|ofHorticulture|10,000|8,000|
|Other|||12,550|2,000|
||||27,550|15,000|
|7|Supportcosts|Supportcosts|||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2023|Support|Governance|2022|
||||costs|costs||costs|costs||
||||E|E||E|E||
||Staff costs||124,858||124,858|125,763||125,763|
||Show support|costs|57,040||57,040|57,908||57,908|
||Office costs||87,655||87,655|81,780||81,780|
||Audit fees|||4,300|4,300||4,500|4,500|
||Governance|costs||5,035|5,035||3,829|3,829|
||Governance|support|||||||
||costs|||8,910|8,910||5,703|5,703|
||||269,553|18,245|287,798|265,451|14,032|279,483|
||Analysed
between||||||||
||Charitable
activities||269,553|18,245|287,798|265,451|14,032|279,483|
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|Number ofe|Number ofe|mployees|||||
|---|---|---|---|---|---|---|
|The average||monthly|number ofemployees|during the year was:|||
||||||2023|2022|
||||||Number|Number|
|Permanent|office staff||||||
|Temporary|office staff||||||
|Temporary|event staff||||||
|||||||10|
|Employment||costs|||2023|2022|
||||||F||
|Wages and|salaries||||118,422|117,811|
|Social security||costs|||4,001|5,135|
|Other pension||costs|||2,435|2,817|
||||||124,858|125,763|
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|||||Unrestricted|Restricted|Total Unrestricted|Total Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2023|2023|2023|2022|2022|2022|
|||||8||6|8|8|f|
|Revaluation|of|||||||||
|investments||||25,227|46|25,273|(1,530,601)|(9,302)|(1,539,903)|
|Gain/(loss)|on|sale|of|||||||
|investments||||(74,264)|278|(73,986)|449,719|656|450,375|
|||||(49,037)|324|(48,713)|(1,080,882)|(8,646)|(1,089,528)|
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|---|---|---|---|---|---|---|---|---|
|12|Tangible fixed assets||||||||
|||||Freehold|land|Plant and|Fixtures and|Total|
|||||and buildings||equipment|fittings||
||||||6||6||
||Cost||||||||
||At 1 October|2022||253,725||266,101|112,290|632,116|
||Additions||||||12,036|12,036|
||At 30September 2023|||253,725||266,101|124,326|644,152|
||Depreciation|and impairment|||||||
||At 1 October|2022||||266,101|104,904|371,005|
||Depreciation|charged|in the year||||3,672|3,672|
||At 30September 2023|||||266,101|108,576|374,677|
||Carrying
amount||||||||
||At 30September 2023|||253,725|||15,750|269,475|
||At 30September 2022|||253,725|||7,387|261,112|
|13|Investment|property|||||||
|||||||||2023|
|||||||||6|
||Fair value||||||||
||At 1 October|2022 and|30September 2023|||||2,588,400|
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|||2023|2022|
|---|---|---|---|
|||6|8|
|Freehold||2,588,400|2,588,400|
|Long leasehold||||
|Shortleasehold||||
|Fixed asset Investments||||
||||Listed|
||||investments|
|Cost or valuation||||
|At 1 October 2022|||4,268,931|
|Additions|||876,125|
|Realised gains / (losses)|||25,274|
|Unrealised
gains|/ (losses)||(73,988)|
|Disposals|||(1,187,061)|
|At 30September|2023||3,909,281|
|Carrying
amount||||
|At 30 September|2023||3,909,281|
|At 30 September|2022||4,268,931|
|Debtors||||
|||2023|2022|
|Amounts
falling|due within one year:||8|
|Trade debtors||15,414|16,445|
|Other debtors||82,523|75,629|
|Prepayments
and|accrued income|9,113|6,885|
|||107,050|98,959|
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|16|Creditors: amount|s
fa|lling|due within one year|||||
|---|---|---|---|---|---|---|---|---|
|||||||Notes|2023
6|2022f|
||Other taxation and|social security|||||2,427|5,389|
||Deferred income|||||17|1,038|1,296|
||Trade creditors||||||38,737|48,008|
||Other creditors||||||1,371|1,459|
||Accruals||||||47,392|60,788|
||||||||90,965|116,940|
|17|Deferred income||||||||
||||||||2023|2022|
||||||||6|6|
||Adising from Deferred
income||||||1,038|1,296|
||Deferred income is|included||in the financial statements|as follows:||||
||||||||2023
6|2022f|
||Deferred income is|included||within:|||||
||Current
liabilities||||||1,038|1,296|
||Movements
in the year:||||||||
||Deferred
income at|1 October 2022|||||1,296|4,609|
||Released from previous||periods||||(1,296)|(4,609)|
||Resources deferred|in the year|||||1,038|1,296|
||Deferred income at|30September 2023|||||1,038|1,296|
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|||||||||Movement|Movement|in funds|||||Movement|Movement|in funds|in funds|in funds|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Balance sl|||Incomln9||Revaluations,||Balance|at||Incoming||Revaluagons,|||Balance at||
||||1|October 2021||||resources||gains|and1|October 2022|||resources|||gains and||30 September||
|||||||||||losses|||||||||losses||2023|
||||||||||f||f|||f||f|||f|||
||Percy|||||||||||||||||||||
||Thrower|||||||||||||||||||||
||Shropshire|||||||||||||||||||||
||Award|||||77,814||1,437||(8,646)||70,605||||1,604|||324||72,533|
|20|Analysis ofnet||||assets||between funds|||||||||||||||
||||||||Unrestdcted|||Restricted||Total||Unrestricted||||Restricted|||Total|
|||||||||funds||funds||||||funds|||funds|||
|||||||||2023
f||2023
f||2023
f||||2022
f|||2022
f||2022
f|
||Fund balances||at 30|||||||||||||||||||
||September|2023 are||||||||||||||||||||
||represented|by:||||||||||||||||||||
||Tangible assets|||||||269,475||||269,475|||261,112||||||261,112|
||Investment|properties||||||2,588,400||||2,588,400|||2,588,400|||||2,588,400||
||Investments|||||||3,859,551||49,730||3,909,281|||4,219,481||||49,450|4,268,931||
||Current assets/(liabilities)|||||||107,582||22,803||130,385|||267,070||||21,155||288,225|
|||||||||6,825,008||72,533||6,897,541|||7,336,063||||70,605|7,406,668||
|21|Operating|lease|||commitments|||||||||||||||||
||At the reporting|||end date|||the|society had|outstanding||commitments|||for|future|minimum||lease payments|||under|
||non-cancellable|||operating
leases, which|||||fall|due as|follows:|||||||||||
|||||||||||||||||||2023|||2022|
||||||||||||||||||||||f|
||Within one|year||||||||||||||||4,072|||3,157|
||Between two and||||five|years||||||||||||15,868|||7,411|
|||||||||||||||||||19,940|||10568|
||Lessor|||||||||||||||||||||
||At the reporting|||end date|||the|society had|contracted||with|tenants for||the|following
minimum||||lease|payments:||
|||||||||||||||||||2023f|||2022
f|
||Within one|year||||||||||||||||588,791|||603,386|
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|23|Cash generated
from|operations|operations|||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||6||
||Deficit for the year|||||(509,127)|(1,748,804)|
||Adjustments
for:|||||||
||Investment
income recognised||in statement|of financial|activities|(287,755)|(269,581)|
||Loss/(gain)
on disposal|of investments||||73,986|(450,375)|
||Fair value gains and losses on||investments|||(25,273)|1,539,903|
||Depreciation
and impairment
oftangible fixed assets|||||3,672|1,901|
||Movements
in working|capital:||||||
||(Increase) in debtors|||||(8,091)|(41,830)|
||(Decrease)/increase
in|creditors||||(25,717)|73,054|
||(Decrease)
in deferred|income||||(258)|(3,313)|
||Cash absorbed
by operations|||||(778,563)|(899,045)|
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