FLOWERS NORTH WEST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Company Reglstration No. (England and Wales)
FLOWERS NORTH WEST LEGAL AND ADMINISTRATIVE INFORMATION Trustees MsMLe8 Mrs R Bond Mr D Ryland Charlty number 517215 Independent examlner ChampSon TLL Llmlled 7-9 statlon Road Heskelh Bank Preston Lancashlre PR4 6SN
FLOWERS NORTH WEST CONTENTS Page Trusl88s' report Independent examlnerfs report Statement of financlal actlvllles Balance Sheet Notes to the financlal slatements 7-12
FLOWERS NORTH WEST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared In accordance wilh the accounllng pollcies set oul In note 1 to the financlal statements and comply with the ch8riVs [governing document]. the Charities Acl 2011 and "Accounting and Reportlng by Charilles.. Statement of Recommended Practlce appllcable to charities preparlng Ihelr accounts In accordance with the Flnanclal Reportlng Standard applicable In the UK and Republic of Ireland (FRS 102). {effectlv8 1 January 2019). Objectlves and actlvltlos The Assoclatlon, whlch Is afflllaled to the Natlonal Assodation of Flower Arrangement Societles, has charllable objeclives to advance public education in the art of floral art and deslgn In all ils forms and related sublects In Ihe Northwest of England and Isle of Man and to further any other charltable purposa or purposes. To fulfil these oblectlV8s the charity provldes 8ducalional workshops and access to educational publications. Each club has the rlght to use a Ilst of quallfied demonstrators, speakers. judges and teachers to further enhance the knowledge of ils members. The judges, demonstrators, speakers and teachers are managed by a team of subject expert volunt8ers, who ensure Ihat tralnlng and performance are of 8 conslstent and hlgh standard. Members are also Involved In festivals, shows and competilions wllhln the reglon, nationally and Internationally. A bursary 58 avallable for those chosen to represent the organlsalion at national and inlernalional events. This enabl8s members wlth the talent to learn about competlng at a hlgher level, and to Internatlonal rules, to take part whatever thelr financlal clrcumstances. Publlc benefit The Iru81ees have paSd du8 regard to guldance issued by the Charity Comrnlsslon In d8cidSng what actlvitles Ihe charlty should undertake. Volunteers Besldes the trustees who work on a voluntary basis the charlty acknowledges Ihe support of Ihe wlder team of speclallst odvlsors. and the numerous volunteers wlthln the clubs around the reglon In supportlng the educatlonal alms of thls charlly. The trustees wlsh to record Ihelr gratltude to clubs and Ihelr commlllee members for Ihelr unstlntlng dedlcatlon In contactlng and provldlng for Ihelr members during this challenglng year. Achlevemenls and performance Slgnific8nl aclivities and achievements against objeclives Flnanclal revlew Prlnclpal fundlng 80urce8 The malorlly of the charltvs funds 8re ralsed through afflllatlon fees and events. Membershlp of flower dubs continues to fall thls relates malnly to the clubs slruggllng to find committee members. The trustees conlSnue to monltor and closely control the flnances of the assoclatlon at every Management Team meetlng. whlch are normally held 6-8 tlmes a year, Ihough since Covld 19 these are moslly held by electronic means Investmont pollcy and flnanclal revlew of the year The Trustees alm to maxlmlse any Investment of funds to achleve the best low-rSsk Interest rates avallable whllst keeping Ihe required level of cash for Instant access to meet the level of cash for the Association's day to day expenses.
FLOWERS NORTH WEST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves pollcy The trustees have reviewed the pollcy on resenies (to hold three years, worth of expenditure In general funds) and calculate Ihat we currently hold too much capital; therefore. we have initiated a freeze In affilialion fees for the foreseeable futura. Addillonally, w6 provlde a subsidised Insuranc8 policy which covers all members. Both of these Initiatives benefit every member of every club, therefore greatly helplng clubs that are struggllng. The Manag8ment Team are working on future initiatives wilh the aim of reducing the capllal reserves to a more approprlate level, so whllst also looklng at ways to Increase Income io speclllcally help stwggllng clubs. Plans for future p8rlod8 Many local classes for flower arranging have ceased. to fill the gap and fulfil our educational alms therefore we are trylng to encourage Interested recruits vla workshops. Our regular workshops and presence at Soulhport, Chorley and Counlryfest Shov resumed 8S these events allow us to showcase flowers and flower arranglng. All meetlngs have now been reinstated during 2023 allhou9h many of Speclallst teams contlnue to be held vla Zoom, whlch we wlll contlnue to use for some meelings In the future. Meetlngs held wlth Assoclates of Honour, Speclallst Advlsors, and Club representatlves to dlscuss the way forward for Flowers North West. Members are once more preparlng for flower festlvals and local show8 durlng 2024, We hav8 also organlsed a vlslt from Franclne Thomas, an Snlemallonal demonstrator for a show Sn Blackburn followed by two days of workshop In June 2024. We have solldlfted sever81 teams of volunteers to co-ordlnate dlfferent dlsclpllnes. Durlng 2023 we contlnued to meet wllh the Educallon. Strategy, Events and Administrallon teams vla Zoom to develop new Ideas. We Invlled addlllonal members wlth partlcular areas of exparilse to partlcSpate as requlred, as we seek to develop our fulure strategy and to explore ways to glve practical support to dubs and increase membership. Slructure, governance and management The North West Area of NAFAS is a Chaiiiy which was firsl registered on 24th February 1986 and Is governed by Its ConstltutS0n. The Charlly Is managed by an Management Team (who are also th& Trustees of the charlty) conslstlng of Chalrman, First Vlce-chairman, Second Vice-chairman, Secretary and Treasurer. They are appolnted annually at the AGM. There Is an induction programme for Trustees which will ensure that they are kept up to dale and are aware of Ihelr responsibilltles and have suffici8nt knowledge of the background to the Charily. The Trustees meet slx to eight times a year to review and monitor the affairs of the Charity. They meet wlth a represenlatlv8 of each member club at least three tlmes a year and Teceive regular reports from the Chalrs of Commlltees and of Specialist Appointments. The Managemenl Team is responsible for Ihe day to day running of the Charlty. The name of the CharSty has been changed from The North Wesl Area of NAFAS to Flowers Norlh West and the Charlty Constitullon was revised In Sept8mber 2017. The trustees who seNed during the year and up to the date of signature of the financial statements were: MsMLee Mrs R Bond Mr D Ryland
FLOWERS NORTH WEST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, report was approved by the Board of Trustees. MsMLee Trustee
FLOWERS NORTH WEST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FLOWERS NORTH WEST I report lo Ihe Irustees on my examination of the financlal statements of Flowers North West {Ihe charfly) for the year 8nd8d 31 March 2024. Responslbllllles and basls of report As the trustees of the charity you are responslble for the preparation of the financial statements In accordance wlth Ihe requlffjments of the Charities Act 2011 (the 2011 Act). I report In respect of my examination of the charltys financial statements carrled oul under section 145 of the 2011 Act. In carrylng out my examlnalion I have lollow8d all th8 applicable Dlrecllons glven by th8 Charlty Commlsslon under sectlon 145(5)(b) of the 2011 Act. Independent examlnerf8 8tat8ment Your altenlion is drawn to Ihe fact that the charity has prepared financlal slalements in accordance wlth Accounting and R8porllng by Charllles preparlng thelr accounts In accordance wllh the Flnancial Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) in preference lo the Accounling and Reporting by Charities: Statement of Recommended Praclice issu8d on 1 April 2005 which Is referred to in the extant regulations bul has now been wlthdrawn. l understand that Ihls has been done In order for flnanclal statements to provlde a true and falr v18w In accordance wlth Generally Accepted Accounting Praclice effective for reporting perlods beglnning on or after 1 January 2015. I have completed my examination. I confirm that no mallers have come lo my attentlon In connecllon w51h the examlnalion giving me cause to beli8ve that in any materlal respect; accounllng records were not kept In respect of the charlty as requlred by Sectlon 130 of the 2011 Act; or the financlal statements do not accord with those records: or the financlal stslements do not comply wllh the appllcable requlremenls concerning the form and content of accounts set out In the Charltles (Accounts and Reports) Regulallons 2008 other than any requlrement that the 8ccounts glve a Irue and fair view which Is not a malter considered as part of an Independent examinatlon. I have no concerns and have come across no other mallers in connection with the examination to whlch attentlon should be drawn In thls report In order to enable 8 proper understanding of the financlal statements to be reached. Champlon TLL Llmlted P Buck FCA, DChA 7-9 Station Road Hesketh Bank Preston Lancashlre PR4 6SN
FLOWERS NORTH WEST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unreslrlcled Unreslrlcled funds funds 2024 2023 Notes Income from: Donallons and legacles Charitable activllles Other trading activities Inv8Stments 24 36,769 2,105 220 28.784 4,577 675 Tolal Income 34,036 39,118 Expendlture on: Ralslng funds Charltab18 8cllvltles 7,693 25,294 5,999 40,352 Total expendSlure 32,987 46,351 Nel Incomel(exp6ndllure) and movemenl In fund8 1.049 (7.233) Reconclllallon of fund8: Fund balances al l April 2023 43,815 51,048 Fund balances at 31 March 2024 44,864 43,815 The Statement of financlal actSvllles includes all ga5ns and losses recognlsed in the year. All Income and expendlture derive from contlnulng aclivitles.
FLOWERS NORTH WEST BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Current assets Debtors Cash at bank and in hand 14 1.272 58.488 1,682 47.917 59.760 49,599 Credllors: amount8 falllng duo wlthln one year 15 <14,896) (5,784) Net current assets 44,864 43,815 Nat 888ets excludlng penslon Ilablllty 44,864 43,815 The fund8 of the charlty Unreslrlcled funds 44,864 43,815 44,864 43,815 The financlal stalemenls were approved by Ihe Ifustees on MsMLee Trustee
FLOWERS NORTH WEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles 1.1 Accounllng convenllon The financial statements have b88n prepared in accordance with Ihe charilvs governlng document, the Charltles Act 2011. FRS 102 "The Flnanclal Reportlng Standard applScable In the UK and Republlc of Ireland" ("FRS 102°) and the Charities SORP "Accounling and Reporting by Charities: Statement of Recommended Pracllce appllcable to charitles preparlng theSr accounts In ac¢ordanc8 with the Flnancial Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019), The charlly Is a Publlc 88nefil Entity as defined by FRS 102. The charlty has taken advantage of the provisions in Ihe SORP for charities nol to prepare a Statement of Cash Flows. The financlal statements have departed from Ihe Charities (Accounls and Reporis) Regulallons 2008 only to the extent requlred lo provlde a true and falr vlew. Thls departure has Involved followlng the Statement of Recommended Practice for charltles applylng FRS 102 ralhar Ihan the version of Ihe Statement of Recommended Pracllc8 whlch Is referred to In lh8 Regulatlons bul whlch has slnce been wlthdrawn. The financlal statements are prepared In sterllng. whlch Is the functlonal currency of the charlty. Monetary amounts In these financlal statements are rounded to the nearest £. The financlal slalements have been prepared under Ihe hlstorical cost convention, Imodified to Include the revaluatlon of freehold prop8rt1es and to Include Inveslment properties and cerlain financlal Instruments at falr value]. The prlnclpal accountSng pollcles adopted are set out below. 1.2 Golng concern At the lime of approving the financial slatemenls. the trustees have a reasonable expeclallon that the charfly has adequate resources to conllnue In operatlonal existence for the foreseeable future. Thus the trustees continue lo adopt the golng concern basls of accounting in preparlng the financlal statements. 1.3 Charltable funds Unrestricted funds are avallable for use at the dlscretlon of Ihe trustees In furtherance of thelr charltable objectives. Restrlcted funds are subject to specSfic condltlons by donors or grantors as to how they may be used. The purposes and uses of the reslrlcled funds are sel out In the notes to Ihe financlal statements. Endowment funds are subl8Ct lo speclfic condlllons by donors that the capllal must be malntalned by the charity. 1.4 Income Income Is recognlsed when the charily Is legally enlllled toll after any performance condltlons have been mel, Ihe amounts can be measured reliably, and11 Is probable that income will be recelved. Cash donallons are recognlsed on receipt. Other donatlons are recognised once the charily has been nollfled of the donation, unless performance conditions require deferral of the amount. Income lax recoverable In relatlon lo donatlons recelved under GiftAid or deeds of covenanl Is recognised at the tlm8 of Ihe don8tlon. Legacies are recognised on receipt or olhenNise if the charity has been nolified of an impending distribution, the amount Is known, and recelpl Is expected. If the amount is nol known, the legacy Is treated as a contlngenl assel.
FLOWERS NORTH WEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Contlnued) 1.5 Expendlture Expenditure Is recognlsed once there Is a legal or constructive obllgation to transfer economlc benefit to a thlrd party, it Is probable that a transfer of economic benefits wlll be required in settlement, and the amount of the obllgatlon can be measured rellably. Exp8nditur8 Is dassifi8d by aclivlty. The costs of each activity are made up of the total of direct costs and shared costs, Includlng support costs involved In undertaking each actlvlly. Dlrect costs atlrlbulable to a slngle acllvlty are allocated dlreclly to that aclivity. Shared cosls which contribute lo more than one actlvity and support costs whlch are not attrlbulable to a slngle activity ar6 apportloned b8tW8en those actlvltles on a basls conslslent wllh the use of resources. Central staff costs are allocated on the basls of time spent, and depreclatlon charges are allocated on the portlon of the assel's use. 1.6 Cash and cash equlvalenl8 Cash and cash equivalents Include cash In hand. deposits held at call with banks, other short-lerm Ilquld Investments wSth orlglnal maturltles of three months or less, and bank ov8rdrafts. Bank ov8rdrafts are shown wllhln borrowlngs In current Ilabllltles. 1.7 Flnanclal Inslrumenl8 The charlly has elected to apply Ihe provisions of Section 11 'Baslc Financial Instruments, and Secllon 12 'Other Flnancl81 Instruments Issues, of FRS 102 to 811 of Ils financlal Instruments. Flnanclal Instruments are recognlsed in Ihe charilsls balance sheet when the charily becornes party to the contractual provlslons of the Instrument. Flnanclal assets and Ilabllltles are offset, with Ihe net amounts presented In the flnanclal statements, when there Is a legally enforceable rlght to set off the recognised amounls and there Is an Intentlon to sellle on a net basls or to realise the asset and setlle the Ilabilily simultaneously. Baslc Ilnanclal assets Baslc flnanclal assets, whlch Include d8btOTS and cash and bank balances, are Inlllally measured at Iransactlon prlce includlng Iransaclion costs and are subsequenlly carried at amortlsed cost uslng the effeclive Inler8sI melhod unl8SS the arrangement constitutes 8 financing transaction, where the transaction Is measured at the present value of the future recelpts dlscounted at a markel rate of Interest. Flnanclal asset8 classSfied as recelvable withln one year are nol amortised. Baslc financlal Ilabllllles Baslc financl81 liabllities. Includlng credStors and bank loans are Inlllally r8cognlsed at transactlon PTlc8 unless the arrangement conslilutes a financing Iransaction, where the debt instrumenl is measured at Ihe present value of the future payments discounted al a market rate of Interest. Flnanclal Ilabllilles classlfied as payable w51hln ane year are not amortlsed. Debt Instruments ar8 subsequently carried at amortlsed cost, uslng the effectlve Interest rate method. Trade creditors are obllgalions lo pay for goods or services that have been acquired in th8 ordinary course of operallons from suppllers. Amounts payable are classified as current Ilabllltles If payment Is due wlthln one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaclion price and subsequently measured at amortised cost usin9 the effective interest melhod. Derecognltlon of flnancl81 Ilabllltles Flnanclal liabilities are derecognlsed when the charily's conlractual obligalions expire or are dlscharged or cancelled.
FLOWERS NORTH WEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accountlng estlmates and ludg8ments In the application of the charity's accounting policies. the trustees 8re required to make judgements, estimates and assumptions about the carrying amount of assets and liabilili8s that are not readily apparent from other sources. The estlmates and associated assumptlons are based on historical experlence and other factors that are consldered lo be relevant. Actual results may differ from these estimates. The eslimates and underlying assumptions are reviewed on an ongoing basls. Revisions to accounting estlmales are recognised In the period In which the estimate is revised where the revision affects only that perlod, or In the perlod of the revlslon and fulure periods where the revision affects both current and future periods. Income from donatlons and legacle8 Unrestrlcled Unrestrlcted funds funds 2024 2023 Donatlons and glfts 24 Incomo from charltablo actlvltlos Unre81rlcled Unre8trlcted funds funds 2024 2023 Educatlon 28,784 36,769 Income from other Iradlng acllvllles Unre8trlcted Unre8trl¢ted funds fund8 2024 2023 Fundralslng events 4.577 2,105 Income from Inve8tments Unrestrlcted Unrestrlcled funds funds 2024 2023 Interest receivable 675 220
FLOWERS NORTH WEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on ralslng funds Unreslrlcled Unrestrlcled funds funds 2024 2023 Fundralslng and publlclty Staglng fundralslng ev8nts 7.693 5,999 Expendlture on charltable actlvltles Educatlon 2024 Educallon 2023 Dlrect cost8 Educallon 24,244 36,364 Share of 8UPPOrt and governance costs (seo note 9) Governance 1,050 3,988 25,294 40.352 Analy818 by fund Unrestricted funds 25,294 40,352 Support cos18 allocated to actlvltle8 2024 2023 Governance costs 1,050 3,988 Analysed between: Educallon 1,050 3,988 10 Net movemant In funds 2024 2023 The net movement In funds Is stated after chargingl(credlllng): Fees payable for th8 independenl examination of the charilWs financlal statements 1.050 1,020 11 Tru8te88 None of the Irustees (or any persons connected with them) received any remuneration or benefits from the charlly durlng the year. 10-
FLOWERS NORTH WEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £60.000. 13 Taxallon The charity Is exempt from laxation on Ils acllvltles because all ils Income Is applied for charitable purpose8. 14 Debtors 2024 2023 Amount8 falllng due wlthln one year: Prepayments and accrued Income 1,272 1,682 15 Credltor8: amounts falllng due wlthln one year 2024 2023 Other creditors Accruals and deferred Incom8 13,846 1,050 4,764 1,020 14.896 5.784 16 Unrestrlcted fund8 The unreslrlcted funds of the charfty comprise the unexp8nd8d balances of donations and grants whlch are not subject to specific conditlons by donors and grantors as lo how they may be used. These Include deslgnated funds which have been set aslde out of unrestricled funds by the trustees for speclfic purposes. At 1 Aprll 2023 Incomlng resources Resources At 31 March exp8ndgd 2024 General funds 43,815 34,036 (32.987) 44,864 Prevlous year: At 1 Aprll 2022 Incomlng resources Re80urces At 31 March expended 2023 General funds 51.048 39,118 (46.351) 43,815 11
FLOWERS NORTH WEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Related party transactlons There were no disclosable related party transactlons during the year (2023- none). 12-