OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2022

REGISTERED NO: 02419964 CHARITY NO: 702017

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Contents
Pages
Company information 1
Report of the Council of Management 2-4
Auditors' report to the Council of Management 5-6
Consolidated Statement of Financial Activities 7
Consolidated Balance Sheet 8
Company Balance Sheet 9
Consolidated Statement of Cash Flows 10
Company Statement of Cash Flows 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13-22

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

COMPANY INFORMATION AT 31 DECEMBER 2022

PRESIDENT:

S Mackaness

MEMBERS OF THE COUNCIL OF MANAGEMENT:

D. Beardall S.A. Hopps J.M. Makin M.J. I'Anson C.S.H. Smith D. Kilburn M.A. Dabell D.R. Barker C. Stewart R. Beckwith C.J. Bayliss L. Compton P.A. Grant C. Gregg Lady P. L. Mowbray (appointed 9 March 2022) S.M. Brown K. Gargan (appointed 9 March 2022)

COMPANY SECRETARY: Mrs J. Robinson REGISTERED OFFICE: Unit 6, The Stables Newby Hall Ripon HG4 5AE COMPANY REGISTRATION NUMBER: 02419964 CHARITY REGISTRATION NUMBER: 702017 AUDITORS: DSC Accountants Limited Chartered Accountants Tattersall House East Parade Harrogate North Yorkshire HG1 5LT PRINCIPAL BANKERS: National Westminster Bank Plc 3 Cambridge Crescent Harrogate HG1 1PJ SOLICITORS: LCF Law The Exchange Station Parade Harrogate HG1 1TS INVESTMENT MANAGERS: Brown Shipley 10 Wellington Place Leeds LS1 4AP Williams Investment LLP 34 Victoria Avenue Harrogate HG1 5PR DIRECTOR OF SHOWS: N Smith FINANCE MANAGER: J Robinson

Page 1

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NO: 02419964)

(A REGISTERED CHARITY LIMITED BY GUARANTEE) (CHARITY NO: 702017)

COUNCIL OF MANAGEMENT'S REPORTS ON THE GROUP ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the audited financial statements for the year ended 31 December 2022. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

OBJECTIVES OF THE CHARITY, PRINCIPAL ACTIVITIES AND ORGANISATION OF OUR WORK

The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.

The charity’s object and principal activity continues to be that of educating, promoting and developing the science, art and practice of horticulture, the advancement of environmental protection, with special reference to the conditions existing in the North of England by the promotion of shows and events. Within these events the charity supports numerous other horticultural charities, enabling them to increase public awareness of these charities. In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’.

The charity also wholly controls a trading company, Harrogate Flower Show Limited, a company incorporated in England and Wales. The trustees feel it is important to highlight the fact that the trading company (which runs the shows) has, since its incorporation, paid over its profits to the charity under a deed of covenant. The annexed accounts show that in the year 2022 no payment was able to be made to the charity by way of a gift (2021: £nil), but charitable aims would be met from financial reserves. The Charity has established its grant making policy to achieve its objectives for the public benefit. The Charity receives and considers direct application for assistance. Detailed consideration is given to each application on the basis of information provided, additional information the trustees see as necessary to form an opinion, visits and follow up reports.

The charity cooperates with and provides support via the platform of the Harrogate Flower Shows for a wide range of horticulturally based groups, organisations and individuals. This includes support of over a dozen specialist plant societies, including, but not limited to chrysanthemum, dahlia, cacti, fuchsia, geranium, daffodil, gladioli and bonsai. The charity also engages with grown edibles through its work with the Northern Fruit Group, National Vegetable Society and regional allotment groups. The organisation works closely in promoting the valuable work of recognised charities, including Perennial (The Gardener’s Charity), Horticap, Wades Charity and various wider ranging groups.

The charity also supports learning and education in horticulture, via commitment to regional colleges including Askham Bryan, Shipley College, Bishop Burton, Kirkley and Craven College. A continued relationship with the Chartered Institute of Horticulture ‘Young Horticulturalist of the Year’ and the Yorkshire in Bloom ‘Young People’s Award’ ensure that such support is highlighted and widened in the sphere of learning.

Work of the organisation also extends to individuals and small groups, from horticultural exhibitors, nursery growers, floral societies and gardening clubs to community growing initiatives, historical organisations and volunteering groups.

THE COUNCIL OF MANAGEMENT

There is a Council of Management which consists of a minimum of 15, maximum of 18, elected members. All of the members of the council of management are named within the company information, as directors of the charity, and served throughout the year unless stated otherwise in the company information. There is a President of the charity who is eligible to serve for an initial period of two years. The term in office may be extended at the discretion of the Council. The Chairman and Vice Chairman are elected annually by Council.

The day-to-day management of the charity is handled by J Robinson (the company secretary) and N Smith (the show director).

COMMITTEES

There is an executive committee comprising the chairman of the company, the vice-chairman of the company, the company secretary, the show director, the solicitor, a representative from the Harrogate Flower Show Limited who is independent of the charity, and up to four other members of the council. Its function is to administer the company in all its aspects, to respond to instructions from the council, to bring to the council matters as necessary and to report to the council on its activities.

Page 2

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NO: 02419964)

(A REGISTERED CHARITY LIMITED BY GUARANTEE) (CHARITY NO: 702017)

COUNCIL OF MANAGEMENT'S REPORT ON THE GROUP ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

THE METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

All potential trustees are vetted by existing trustees and actively participate in and gain experience of the shows under the guidance of existing trustees. Once appointed, all trustees receive a copy of the Society’s Memorandum and Articles of Association and Byelaws. In addition they receive a copy of the Charities Act 2011 sections 178-184 and a copy of the Charity Commission documents - "The Essential Trustee - what you need to know", “Charities and Risk Management” and “A Guide to Conflict of Interest for Charity Trustees”. The trustees are required to sign a declaration that they either have no conflicting interests or divulge any interest, which may conflict with those of the charity. Ongoing training is provided as necessary, including attendance at relevant courses.

RESPONSIBILITIES OF MEMBERS OF THE COUNCIL OF MANAGEMENT

Company and charity law requires the members of the council of management to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for the period. In preparing those financial statements, the members of the council of management are required to:

(c) Make judgments and estimates that are reasonable and prudent;

The members of the council of management are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

PROFESSIONAL ADVISORS

As company information on page 1.

DEVELOPMENTS, ACHIEVEMENTS AND FUTURE ACTIVITIES

In contrast to the COVID-19 related limitations of 2021, 2022 offered the opportunity for large consumer events to return to a level of normality both in scale and content.

As the Harrogate Flower Shows continue to form the charity's key route to engagement and awareness of its aims, NEHS trustees agreed that the level of support and education offered to northern horticulture should continue through staging of both spring and autumn events in 2022. Hosting both shows at scale provided the opportunity to re-engage with the charity's core audience in different ways, with Spring offering the anticipation of the horticultural year ahead whilst Autumn celebrated the achievements of the season past in both plant and produce.

The Spring 2022 event offered a 'back to basics' approach, intended to engage and enthuse those new to gardening as a result of the lockdowns of 2020 and 2021. Practical demonstrations, advice theatres and the showcasing of high quality plant material provided an accessible route into the fascinating world of horticulture for beginner and expert alike. New for 2022, the 'Human Gardener' stage welcomed the 'people behind the plants', exploring the many routes into horticulture from a wide range of outside industries.

Autumn 2022 staged an unrivalled celebration of the gardening year, with 'Incredible Edible' welcoming championship fruit and vegetable entries from across the country. Over a dozen plant societies shared their knowledge of a range of plants and flowers, from dahlia to fuchsia, gladioli to pelargonium. The autumn event also allowed the charity to develop and share its commitment to the culture of gardening, with commissioned exhibitions including a history of Rock Gardens (with GARLAND - Garden & Landscape Group) and a theatre stage dedicated to the benefits of no-dig gardening.

Outside of the shows, the charity continued to utilise a variety of methods and channels to share and promote its work. Gardening tips were shared throughout the year via social media platforms including Twitter, Facebook and Instagram, reaching virtual audiences of up to 15,000. A members e-newsletter, delivered through Harrogate Flower Shows Ltd, continued to promote positive stories relating to horticulture, issued regularly and reaching audiences of 20-30,000 per issue.

Lectures and talks were provided to gardening groups, horticultural institutions and charitable partners, both in-person and supported by remote working systems such as Zoom and Microsoft Teams. These reached an estimated 1,500 people during the year.

Page 3

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NO: 02419964)

(A REGISTERED CHARITY LIMITED BY GUARANTEE) (CHARITY NO: 702017)

COUNCIL OF MANAGEMENT'S REPORTS ON THE GROUP ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

DEVELOPMENTS, ACHIEVEMENTS AND FUTURE ACTIVITIES CONTINUED

The charity continues to maintain and develop relationships with key horticultural partners, working alongside organisations including Perennial, the Chartered Institute of Horticulture, the British Association of Landscape Industries, the Horticultural Trades Association, the National Association of Flower Arranging Societies and the National Allotment Society. The charity has further continued its relationship with a wide range of specialist society groups, hopefully enabling a stronger and brighter future for both their and our work and ambition.

RESULTS AND FINANCIAL POSITION

Despite the removal of all restrictions associated with COVID-19, our trading company Harrogate Flower Show Limited continued to face significant challenges in 2022. A continued reticence with the Spring show's core audience to join large gatherings impacted both exhibitor and admission incomes significantly, resulting in a much reduced profit for the event. Whilst such hesitation had been largely overcome by September's Autumn show, the sad death of HM Queen Elizabeth II and uncertainty around the funeral date immediately before the event led to a sudden and unrecoverable break in momentum of pre-booked admissions. The sucessful hosting of both events have, however, continued to allow the charity to engage in its aims and ambitions during uncertain times. Directors of the trading company remain acutely aware of the core aims and ambitions of the charity and continue to implement and monitor cost economies within the trading company.

The financial profit by the trading company was offset by brought forward trading losses meaning that no gift (2021: £nil) is payable in 2022. Part of costs is charitable expenditure and is separately identified in the SoFA. During the year, the charitable expenditure incurred by the subsidiary on behalf of the charity totalled £323,784 (2021:£170,377).

The Income and Expenditure Account shows a loss of £152,307 (2021: £99,043 gain) on investments, in addition to highlighting that charitable donations of £164,315 (2021: £3,049) were made. A donation of £162,000 (2021: £nil) was made from The North of England Horticultural Society to Harrogate Flower Show Limited.

THE CHARITY’S RESERVES POLICY

In light of circumstances, in particular during the COVID-19 pandemic, as part of on-going policy the trustees have decided to amalgamate the previously designated funds with general funds, to apply from 31 December 2022.

The reserves are required to meet the objects of the Charity. Charity Commission guidelines require us to have reserves equivalent to three months’ operating costs. Due to the annually cyclical nature of our work, we are more comfortable with a higher figure, and reserves at the year end were £511,057 (2021: £888,652). All reserves are unrestricted funds.

INVESTMENT POLICY AND TARGET RETURN

The charity has an investment committee comprising the chairman, vice-chairman and company secretary and up to two other members of council who meet as necessary and report regularly to the executive committee of the charity.

The aim of the committee is to manage investments conservatively, to obtain a balanced portfolio and a return in line with current market conditions and, in the long term, some capital gain.

To do this the committee makes use of the CCLA charity funds and has two portfolios of investments managed by two brokers, who submit regular reports and advice and meet with the investments committee.

RISK MANAGEMENT

The trustees have an on-going policy of reviewing the major risks to which the charity is exposed and systems have been and are being established to mitigate those risks by means of increasing the weather independence of the shows, a major factor in their success. There are obviously factors beyond the control of the charity which may result in the cancellation or curtailment of shows.

A Health & Safety Officer is consulted leading up to and during all events to ensure the charity conforms with all current legislation.

Signed on behalf of the Council on 8 March 2023.

Lady P. L. Mowbray: Trustee

Page 4

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY

(A REGISTERED CHARITY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS REPORT TO THE COUNCIL OF MANAGEMENT OF THE NORTH OF ENGLAND HORTICULTURAL SOCIETY

OPINION ON THE FINANCIAL STATEMENTS

We have audited the financial statements of North of England Horticultural Society (the 'company') for the year ended 31 December 2022 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In the previous accounting period, the members of the charity took advantage of audit exemption under s477 of the Companies Act. Therefore, the prior period financial statements were not subject to audit.

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The trustees are responsible for the other information. The other information comprises the information in the Report of the Trustees, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

Page 5

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY

(A REGISTERED CHARITY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS REPORT TO THE COUNCIL OF MANAGEMENT OF THE NORTH OF ENGLAND HORTICULTURAL SOCIETY

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION CONTINUED

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

RESPONSIBILITIES OF THE COUNCIL OF MANAGEMENT

As explained more fully in the Council of Managements’ Responsibilities Statement, set out on page three, the Council of Management are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group’s and the parent company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and the inspection of other regulatory and legal correspondence. We addressed the risk of management override of internal controls, including testing journals and estimates and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud and the completeness of income recognition by testing the income from a database of members. We did not identify any key audit matters relating to irregularities, including fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

USE OF OUR REPORT

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Graham French (Senior Statutory Auditor) for and on behalf of DSC Accountants Ltd Chartered Accountants Statutory Auditors Tattersall House East Parade Harrogate North Yorkshire HG1 5LT

Date: 8 March 2023

Page 6

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022 (INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT) SUMMARY INCOME AND EXPENDITURE ACCOUNT

Notes
UNRESTRICTED
£
INCOMING RESOURCES
Voluntary income:
Members subscriptions and donations
5
3,817
Income from other trading activities:
Commercial trading operations
9
1,224,107
Investment income
11
14,636
Other operating income
Government grants
-
Storage rental
9
770
TOTAL INCOMING RESOURCES
1,243,330
RESOURCES EXPENDED
Costs of generating funds:
Trading expenses
9
1,060,577
Expenditure on charitable activities:
Donations, grants and sponsorship
7
2,315
Charitable expenditure by subsidiary
8
323,784
Other expenditure:
Support costs
6
81,922
TOTAL RESOURCES EXPENDED
1,468,598
(225,268)
Net gains/(losses) on investments
(152,327)
(377,595)
Corporation tax
18
-
(377,595)
Fund balances brought forward
888,652
FUND BALANCES CARRIED FORWARD
511,057
NET INCOMING/(OUTGOING) RESOURCES
NET INCOME AND EXPENDITURE AND NET
MOVEMENT IN FUNDS AFTER TAXATION
NET INCOME AND EXPENDITURE AND NET
MOVEMENT IN FUNDS BEFORE TAXATION		 TOTAL
2022
£
3,817
1,224,107
14,636
-
770
1,243,330
1,060,577
2,315
323,784
81,922
1,468,598
(225,268)
(152,327)
(377,595)
-
(377,595)
888,652
511,057		 2021
£
1,200
850,791
15,859
34,802
-
902,652
788,865
3,049
170,377
73,340
1,035,631
(132,979)
99,043
(33,936)
-
(33,936)
922,588
888,652

The statement of financial activities incorporates the income and expenditure account and the results for the year derive from continuing activities and there are no gains or losses other than those shown above.

Page 7

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NUMBER: 02419964) (A REGISTERED CHARITY LIMITED BY GUARANTEE)

CONSOLIDATED BALANCE SHEET AT 31 DECEMBER 2022

Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
15
NET CURRENT LIABILITIES
NET ASSETS
UNRESTRICTED FUNDS
General
19
Non-charitable trading
19
Designated
19
TOTAL FUNDS
CREDITORS:amounts falling due within one
year
CREDITORS:amounts falling due after more
than one year
16		 £
£
20,242
712,889
733,131
125,417
184,759
310,176
(415,582)
(105,406)
(116,668)
(116,668)
511,057
871,896
(360,839)
-
511,057
2022		 £
£
16,095
984,576
1,000,671
98,594
248,249
346,843
(292,194)
54,649
(166,668)
(166,668)
888,652
508,235
(369,583)
750,000
888,652
2021

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the act with respect to accounting records and for the preparation of the accounts.

The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the Council on 8 March 2023 and signed on its behalf by the following members:

C.S.H. Smith

C.J. Bayliss

Page 8

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NUMBER: 02419964) (A REGISTERED CHARITY LIMITED BY GUARANTEE)

COMPANY BALANCE SHEET AT 31 DECEMBER 2022

Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
15
NET CURRENT ASSETS
NET ASSETS
UNRESTRICTED FUNDS
General
19
Designated
19
TOTAL FUNDS
CREDITORS:amounts falling due within one
year		 £
£
12,837
712,893
725,730
129,475
38,933
168,408
(22,242)
146,166
871,896
871,896
-
871,896
2022		 £
£
14,846
984,580
999,426
134,723
142,062
276,785
(17,976)
258,809
1,258,235
508,235
750,000
1,258,235
2021

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the act with respect to accounting records and for the preparation of the accounts.

The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the Council on 8 March 2023 and signed on its behalf by the following members:

C.S.H. Smith

C.J. Bayliss

Page 9

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NUMBER: 02419964) (A REGISTERED CHARITY LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Investment income
Net cash from operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Proceeds from sale of fixed asset investments
Net cash from investing activities
2
2
Increase/(decrease) in cash and cash
equivalents in the year
Cash and cash equivalents at the beginning
of the year
Cash and cash equivalents at the end of the
year		 2022
£
(188,756)
14,636
(174,120)
(8,730)
(458,839)
578,199
110,630
(63,490)
248,249
184,759		 2021
£
(109,307)
15,859
(93,448)
-
(513,980)
619,567
105,587
12,139
236,110
248,249

Page 10

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NUMBER: 02419964) (A REGISTERED CHARITY LIMITED BY GUARANTEE)

COMPANY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Investment income
Net cash from operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Proceeds from sale of fixed asset investments
Net cash from investing activities
2
2
Cash and cash equivalents at the end of the
year
Increase/(decrease) in cash and cash
equivalents in the year
Cash and cash equivalents at the beginning
of the year		 2022
£
(235,888)
14,636
(221,252)
(1,237)
(458,839)
578,199
118,123
(103,129)
142,062
38,933		 2021
£
(152,343)
15,859
(136,484)
-
(513,980)
619,567
105,587
(30,897)
172,959
142,062

Page 11

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NUMBER: 02419964) (A REGISTERED CHARITY LIMITED BY GUARANTEE)

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

1 RECONCILIATION OF (DEFICIT)/SURPLUS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

(Deficit)/Surplus before taxation
Depreciation charges
Investment income
Loss/(Gain) on investments
Decrease/(increase) in inventories
Decrease/(increase) in trade and other debtors
(Decrease)/increase in trade and other creditors
Cash generated from operations		 2022
2021
£
£
(377,595)
(33,936)
4,583
4,888
(14,636)
(15,859)
152,327
(99,043)
(235,321)
(143,950)
-
2,942
(26,823)
(94,129)
73,388
125,830
(188,756)
(109,307)
GROUP		 2022
2021
£
£
(386,320)
36,713
3,246
4,122
(14,636)
(15,859)
152,307
(99,043)
(245,403)
(74,067)
-
-
5,248
15,112
4,266
1,723
(235,888)
(57,232)
COMPANY

2 CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

GROUP COMPANY COMPANY
Year ended 31 December 2022 31/12/2022 01/01/2022 31/12/2022 01/01/2022
£ £ £ £
Cash and cash equivalents 184,759 248,249 38,933 142,062
GROUP COMPANY
Year ended 31 December 2021 31/12/2021 01/01/2021 31/12/2021 01/01/2021
£ £ £ £
Cash and cash equivalents 248,249 236,110 142,062 172,959

Page 12

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 STATUTORY INFORMATION

The North of England Horticultural Society is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The charity is a public benefit entity. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

The North of England Horticultural Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Basis of Consolidation

These financial statements consolidate the results of the charity and its wholly owned subsidiary, Harrogate Flower Show Limited, on a line by line basis. A separate Statement of Financial Activities, or income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by Section 408 of the Companies Act 2006

Going Concern

The trustees are of the view that there are no material uncertainties about the charity's ability to continue, and the accounts have therefore been prepared on a going concern basis.

Incoming resources

Income is the amount derived from the provision of goods and services, and stated after trade discounts, other sales taxes and VAT.

Trading income

Income from commercial activities is included in the period in which the group is entitled to receipt. Income received for next year's shows is treated as deferred income.

Subscriptions and donations

Income from subscriptions and donations is included in incoming resources when they are receivable.

Investment income

Interest earned by the charity is included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Dividends are brought to account in the Statement of Financial Activities when

Resources expended

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Expenditure which is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across categories on a basis consistent with the use of these resources.

Finance and operating leases

Rentals applicable to operating leases are charged to the Statement of Financial Activities over the period they are incurred. Assets obtained under finance leases are capitalised as tangible fixed assets. Obligations under such leases are included in creditors net of finance charge allocated to future periods. The finance element of each payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate on the net obligation outstanding in each period.

Depreciation of tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset, other than cups, medals, trophies and plaques, over its useful life:

All classes of fixed assets are included at historical cost and assets below a value of £500 are not considered material and so not capitalised. Impairment reviews occur when there is an indication that the assets may be impaired.

Fixtures and fittings: 10-15% per annum on cost Motor Vehicles: 20% per annum on cost Show ground improvements: Over 9 years on a straight line basis Website Development: 25% per annum on cost

Investments

Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year

Irrecoverable VAT

The charity and its trading subsidiary are VAT registered and are partially exempt. VAT is reclaimed where possible and any irrecoverable VAT is taken to the Income and Expenditure account.

Page 13

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2 ACCOUNTING POLICIES - continued

Fund accounting

Funds held by the charity are either: Unrestricted general funds , which are funds which can be used in accordance with the charitable objects at the discretion of the Council of Management.

Designated funds , which are funds set aside by the Council of Management out of unrestricted general funds for specific future purposes.

Government grants

Government grants related to the purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets while grants related to expenses are recognised in the profit and loss account when received.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial Instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

The contributions made for the accounting period are treated as an expense and were £7,462 (2021: £6,453)

The contributions are treated as Costs of generating funds and are trading expenses of the subsidiary. They form part of the unrestricted funds of the group.

Related parties

As the company prepares publicly available consolidated financial statements, the company has taken advantage of the available exemption and has therefore not disclosed transactions or balances with its wholly owned subsidiaries.

Charitable expenditure

During the shows, the subsidiary promotes horticulture on behalf of the parent charity through a variety of means, including exhibitions, displays and sponsorship. The group deems that part of the costs of hosting the shows is charitable expenditure, and separately identifies such expenses.

Page 14

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

3 FINANCIAL PERFORMANCE OF THE CHARITY

The consolidated statement of financial activities includes the results of the charity’s wholly owned subsidiary. The summary financial performance of the charity alone is:

Income
Investment income
Expenditure on charitable activities
Support costs
Gains/(losses) on investments
Net income
Fund balances brought forward
Fund balances carried forward
Represented by:
Unrestricted income funds
4 (DEFICIT)/SURPLUS OF FUNDS FOR THE YEAR
(Deficit)/Surplus of funds is stated after charging:
Staff costs
Auditor’s fees for audit services
Independent examiner's fees
Auditors/Independent examiner's fees for accountancy and other services
Operating lease costs
Depreciation
5 INCOME FROM MEMBERS SUBSCRIPTIONS AND DONATIONS
Members subscriptions
Donations and grants
6 SUPPORT COSTS
Rent and rates
Insurance
Light and heat
Hire of plant and machinery
Telephone
Travel expenses
Bank charges and interest
Printing, postage and stationery
Computer expenses
Sundry expenses
Depreciation of fixtures and fittings
Depreciation of motor vehicles
Auditors remuneration
Independent examination
Accountancy
Legal and professional fees including investment management costs
Governance costs		 2022
£
16,087
14,636
30,723
(164,315)
(97,921)
(2,500)
(152,307)
(386,320)
1,258,235
871,915
871,915
2022
212,081
2,500
-
6,031
28,005
4,583
2022
£
981
2,836
3,817
2022
£
28,501
10,532
1,674
1,752
1,730
495
(3)
458
13,654
459
3,246
-
2,500
-
6,031
10,893
81,922		 2021
£
14,700
15,859
30,559
(3,049)
(88,790)
(1,050)
99,043
36,713
1,221,522
1,258,235
1,258,235
2021
223,647
-
1,050
5,361
28,005
4,888
2021
£
1,050
150
1,200
2021
£
27,911
10,574
1,430
1,400
1,430
790
69
583
7,873
189
3,122
1,000
-
1,050
5,361
10,558
73,340

Page 15

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7 DONATIONS, GRANTS AND SPONSORSHIP
Donations
Other sponsorship and subscriptions		 2022
£
2,022
293
2,315		 2021
£
1,000
2,049
3,049

During 2022, financial support continued to be offered to individuals, groups and organisations taking part in the creation of horticultural features at spring and autumn events, whilst sponsorship of awards relating to the promotion of horticulture in the north of England was also maintained. Support costs associated with grant making activities form part of the overall support costs but are not separately identified.

8 CHARITABLE EXPENDITURE BY THE SUBSIDIARY

During the shows, Harrogate Flower Show Limited promotes horticulture through a variety of means, including exhibitions, displays and sponsorship. The Charity deems that part of the costs of hosting the shows is charitable expenditure, and is shown as such in these accounts. A breakdown of the charitable expenditure by the subsidiary is shown below:

Rent
Marquees
Staging
Floral Art
Judges expenses
Prize Money
Show Features
Sponsorship		 2022
£
80,561
102,211
3,090
29,176
2,273
46,773
22,991
36,709
323,784		 2021
£
31,800
67,152
2,490
12,236
1,086
17,593
9,840
28,180
170,377

9 RESULTS OF SUBSIDIARY UNDERTAKING

The Charity has a trading subsidiary undertaking, Harrogate Flower Show Limited, which is incorporated in England and Wales (registered number 02485663). The registered office address is the same as the parent, and can be found on the Company Information page. The subsidiary undertaking runs two flower shows each year. A summary of its trading results is shown below.

Turnover
Cost of sales
Gross profit
Charitable expenditure
Administration expenses
Other operating income
Net profit/(loss) before tax
Net profit/(loss) after tax
Amount gifted to The North of England Horticultural Society
Surplus / (deficit)		 2022
£
1,386,107
(748,697)
637,410
(323,784)
(304,880)
-
8,746
8,746
-
8,746		 2021
£
850,791
(477,881)
372,910
(170,377)
(307,984)
34,802
(70,649)
(70,649)
-
(70,649)

Page 16

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY

(A REGISTERED CHARITY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

9 RESULTS OF SUBSIDIARY UNDERTAKING - continued

Turnover of the subsidiary comprises of:
Revenue from provision of trading services
Donation from The North of England Horticultural Society
Trading expenses of the subsidiary comprises of:
Cost of sales
Administration expenses
Less: management charge to The North of England Horticultural Society
Add: management charge from The North of England Horticultural Society
Donations and sponsorship
Other operating income:
Government grants
Storage rental
10
Wages and salaries
Social security costs
Pension costs
Other employee benefits
All employees are employed by the subsidiary undertaking.
Office and management:
ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE
COST OF KEY MANAGEMENT PERSONNEL
The average monthly number of employees during the period was made up as follows:		 2022
£
1,224,107
162,000
1,386,107
2022
£
748,697
304,880
18,500
(11,500)
-
1,060,577
2022
£
-
770
770
2022
£
186,648
17,971
7,462
212,081
6,763
No.
5
5		 2021
£
850,791
-
850,791
2021
£
477,881
307,984
16,500
(13,500)
-
788,865
2021
£
34,802
-
34,802
2021
£
202,077
15,117
6,453
223,647
8,725
No.
6
6

For the duration of the shows, additional staff are employed. An average of 60 people are employed during each show. The spring show lasts for 4 days and the autumn show lasts for 3 days.

The above costs include the additional staff employed during each show.

Members of the Council of Management’s emoluments:

The Memorandum and Articles of Association do not provide for the Council of Management to receive remuneration or other benefits arising from their membership thereof. No member of the Council of Management received any expenses (2021: nil).

The key management personnel of the parent charity comprise the trustees, Show Director and Company Secretary. These also comprise the key management personnel of the group. The total employee benefits of the key management personnel were £74,672 (2021: £72,100).

All of the directors of the subsidiary undertaking are also members of the Council of Management with the exception of D. Matthewman, who is an independent director of the subsidiary. None of the directors received any remuneration from the subsidiary undertaking. The number of employees whose emoluments as defined for taxation purposes amounted to over £60,000 in the year was as follows:

2021 2020
£ £
£70,001 - £80,000: 1 1

Page 17

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

11 INTEREST AND OTHER INCOME RECEIVABLE

----- Start of picture text -----
2022 2021
£ £
Dividends & other distributions 14,636 15,859
14,636 15,859
12 TANGIBLE FIXED ASSETS
Website Show ground Motor Fixtures and Trophies, Total
Development improvements Vehicles fittings plaques &
medals
GROUP
£ £ £ £ £ £
Costs:
At 1 January 2022 6,205 125,999 5,000 36,657 811 174,672
Additions 3,580 - - 5,150 - 8,730
Disposals - - - (728) - (728)
At 31 December 2022 9,785 125,999 5,000 41,079 811 182,674
Depreciation:
At 1 January 2022 6,205 125,999 5,000 21,373 - 158,577
Charge for year - - - 4,583 - 4,583
Disposals - - - (728) - (728)
At 31 December 2022 6,205 125,999 5,000 25,228 - 162,432
Net book value
At 31 December 2022 3,580 - - 15,851 811 20,242
Net book value
At 31 December 2021 - - - 15,284 811 16,095
Motor Fixtures and Trophies, Total
Vehicles fittings plaques &
medals
COMPANY
£ £ £ £
Costs:
At 1 January 2022 5,000 30,411 811 36,222
Additions - 1,237 - 1,237
Disposals - - - -
At 31 December 2022 5,000 31,648 811 37,459
Depreciation:
At 1 January 2022 5,000 16,376 - 21,376
Charge for year - 3,246 - 3,246
On disposals - - - -
At 31 December 2022 5,000 19,622 - 24,622
Net book value
At 31 December 2022 - 12,026 811 12,837
Net book value
At 31 December 2021 - 14,035 811 14,846
----- End of picture text -----

Page 18

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

13 FIXED ASSETS INVESTMENTS

GROUP
Market Value
At 1 January 2022
Acquisitions at cost
Sale proceeds from disposals
Gain in the year
Historic cost at 31 December 2022
Historic cost at 31 December 2021
COMPANY
Market Value
At 1 January 2022
Acquisitions at cost
Sale proceeds from disposals
Gain in the year
Historic cost at 31 December 2022
Historic cost at 31 December 2021
At 31 December 2022
At 31 December 2022		 Listed
£
984,576
458,839
(578,199)
(152,327)
712,889
679,333
811,450
984,576
458,839
(578,199)
(152,327)
712,889
679,333
811,450		 Unlisted
£
-
-
-
-
-
-
-
4
-
-
-
4
4
4		 Total
£
984,576
458,839
(578,199)
(152,327)
712,889
679,333
811,450
984,580
458,839
(578,199)
(152,327)
712,893
679,337
811,454

All listed investments are shown every year at market value, obtained from the investment management reports.

Investments are held primarily to provide an Investment Return for the Charity.

All listed investments are UK listed securities. The unlisted investments for the company consist of 100% of the issued share capital of the trading subsidiary, Harrogate Flower Show Limited, a company incorporated in England and Wales.

Shares held in the subsidiary Harrogate Flower Show Limited are ordinary shares and the charity controls 100% of the voting rights.

2022 2021
£ £
Aggregate capital and reserves (360,836) (369,578)
(Loss)/Profit in the year 8,746 (70,649)

Page 19

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

**14 ** DEBTORS GROUP COMPANY
2022 2021 2022 2021
£ £ £ £
Trade debtors 30,058 - - -
Other debtors 2,238 6,232 2,238 2,486
Owed by group undertaking - - 115,737 118,737
Prepayments and accrued income 93,121 92,362 11,500 13,500
125,417 98,594 129,475 134,723
15 Trade creditors
WITHIN ONE YEAR
Accrued expenses and deferred income
Other taxes and social security costs
Bank loans and overdraft
CREDITORS – AMOUNTS FALLING DUE		 2022
£
50,000
18,974
229,605
117,003
GROUP		 2021
£
50,000
4,466
174,526
63,202		 2022
£
-
-
20,313
1,929
COMPANY		 2021
£
-
-
17,845
131
415,582 292,194 22,242 17,976
Balance as at 1 January
Amount released to income from commercial trading operations
Amount deferred in the year
Deferred income comprises of group only advance ticket sales and trade stand bookings related to the Spring
in April 2023.		 2022
2021
£
£
172,491
56,738
(172,491)
(56,738)
226,317
172,491
2023 Flower Show to be held
Balance as at 31 December 226,317 172,491
**16 ** CREDITORS-AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR
Bank loans - 1-2 years
Bank loans - 2-5 years
Bank loans - more than 5 yrs by instalments		 2022
£
50,000
66,668
-
GROUP		 2021
£
50,000
116,668
-		 2022
£
-
-
-
COMPANY		 2021
£
-
-
-
116,668 166,668 - -

The loan is a Coronavirus Business Interruption Loan. This carries a government guarantee for £200,000. The balance is unsecured.

17 OPERATING LEASE-GROUP

The total of future minimum lease payments under non-cancellable operating leases are:
Not later than one year:
Later than one year and not later than five years:
Later than five years:
The tax charge on incoming resources for the year was as follows:
TAXATION
Current tax:
UK corporation tax		 2022
£
173,200
100,440
51,000
324,640
2022
£
-
-		 2021
£
170,422
270,200
59,160
499,782
2021
£
-
-

18 TAXATION

The company, as a registered charity, is exempt from taxation. The tax charge above relates entirely to the company’s subsidiary undertaking.

Page 20

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

18 TAXATION - continued

Subsidiary tax reconciliation
Profit/(loss) on ordinary activities before tax (see note 9)
Effects of:
Donation to parent charity
Loss carried forward
Loss to carry forward against future profits
ANALYSIS OF CHARITABLE FUNDS
ANALYSIS OF UNRESTRICTED FUNDS OF THE CHARITY
GROUP
Subsidiary
trading funds
£
Balance at 1 January 2022
(369,583)
Income
1,386,107
Expenditure
(1,377,363)
-
Reclassification
-
(360,839)
Balance at 1 January 2022
Income
Expenditure
Reclassification
Profit/(loss) on ordinary activities multiplied by the standard rate
of corporation tax in the UK (19%)
Gains and losses
Balance at 31 December 2022
Balance at 31 December 2022
COMPANY
Gains and losses		 General
£
508,235
30,723
(264,735)
(152,327)
750,000
871,896
General
£
508,235
30,723
(264,735)
(152,327)
750,000
871,896		 2022
£
8,746
1,662
-
(1,662)
-
-
Designated
£
750,000
-
-
-
(750,000)
-
Designated
£
750,000
-
-
-
(750,000)
-		 2021
£
(70,649)
(13,423)
-
-
13,423
-
Total
£
888,652
1,416,830
(1,642,098)
(152,327)
-
511,057
Total
£
1,258,235
30,723
(264,735)
(152,327)
-
871,896

19 ANALYSIS OF CHARITABLE FUNDS

In accordance with the Charity’s Reserves Policy, as set out in the ‘Council of Management’s Report on the Group Accounts’ on page 4, the Council of Management have decided to amalgamate the previously designated funds with general funds, to apply from 31 December 2022.

ANALYSIS OF UNRESTRICTED FUNDS OF THE CHARITY - PREVIOUS YEAR GROUP

Balance at 1 January 2021
Income
Expenditure
Reclassification
Gains and losses
Balance at 31 December 2021		 Subsidiary
trading funds
£
(298,934)
850,791
(921,440)
-
-
(369,583)		 General
£
471,522
30,559
(92,889)
99,043
-
508,235		 Designated
£
750,000
-
-
-
-
750,000		 Total
£
922,588
881,350
(1,014,329)
99,043
-
888,652

Page 21

THE NORTH OF ENGLAND HORTICULTURAL SOCIETY

(A REGISTERED CHARITY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

19 ANALYSIS OF CHARITABLE FUNDS - continued

Balance at 1 January 2021
Income
Expenditure
Reclassification
Gains and losses
Balance at 31 December 2021
COMPANY		 General
471,522
30,559
(92,889)
99,043
-
508,235		 Designated
750,000
-
-
-
-
750,000		 Total
1,221,522
30,559
(92,889)
99,043
-
1,258,235

20 RELATED PARTY TRANSACTIONS

The society has rented office space from Newby Hall to the value of £18,700 (2021:£18,446). L Compton is employed by Newby Hall, a sole trading business operated by her husband (R Compton). At the balance sheet date, £nil is outstanding.

Page 22