THE NORTH OF ENGLAND HORTICI)LTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 REGISTERED NO: 02419964 CHARITY NO: 702017
THE NORTH OF EIYGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE) FINANCIAL STATEMEf4TS FOR THE YEAR Ef4DED 31 DECEMBER 2023 Contents Pages Reference alld Administrative Details Report of the Council of Mall8gement 24 Audiwrs, report to the Coullcil of Manageznent Consolidated Ststement of Financial Actiyiiies Con801id&ted Balance Sheet Company Balan¢e Sheet Consolidatrd Ststement of C&sh Flows 10 Company StatellLellt of Cash Flows Notes to the Flow Statement l2 Notes to the Financiaj statellnts 13-22 The following page& do not forn part of the gtathtory fanCIal Statements Detsiled ittcome and expenditure account 23
THE NORTH OF ENGLAND HORTICULTUIL4L SOCIETY (A REGISTERED CHARTTY LIMITED BY GUARANTEE) REFERENCE AND ADh(tNISTRATtVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023 PRESIDENr: C Blundell MEKBERS OF THE COUNCIL OF MANAGEMENT: D. B¢ord8Jl C.S.H. Smith M.A. Dab¢ll C.J. BaylTSS P.A. Grant Lady P. L. Mowbray M.J. I'Ansoo S.A. Hopps J.M. Makin Resigtted 8 2023 C. Stewart ResigDed 8 Marcb 2023 D.R. Barker R. B¢ckwith L. Compton D. Kilburn S.M. Brow K. Gargan C. Greg8 COI¥IPANY SECRETARY: Mrs J. Robinson REGISTERED OFFICE: Unit 6. The Stable5 Newby Hall Ripon HG4 SAE COMPANY REGISTRATION NUMBER: 02419964 CHARrrY REGISTRATION NUMBER: 702017 AUDITOKS: DSC AG¢oulltollts Lilted charter Ac¢ount8nts Tattet5all House Et Parade Harrogate North Yorkshire HGI 5LT PRINCtPAL BANKERS: National We5tTlliDster BBnk Pl¢ 3 Cambridge Crescent Harrogate HGI IPJ SOLIcrroRS: LCF Law The Ex¢bBnge Station Fade HaTTO8ate HGI ITS INVESTMENT NL41¥AGERS: Brown Shipley 10 WdliDg¢on PlaGE Leeds LSI 4AP Williams Investment LLP 34 Victoria Avenue Harrogate HGI SPR DIRECTOR OF SHOWS: N Smith FINANCE MAf4ACER: J Robinson Page I
THE NORTH OF ENGLAND HORTICULTUIL4L SOCIETY (REGISTERED IYO: 02419964) (A REGISTERED CHARrrY LIMITED BY GUARANTEE) (CHAIUTY NO: 702017) COUNCIL OF MANAGEMENT'S BEPORTS ON THE GROUP ACcos FOR THE YEAR ENDED 31 DECEMBER 2023 The tswtees. who #r¢ atso directors of th¢ thTity for the purpose5 of the Compatiies Act, 5ubrnit th¢ir almual report alld th¢ audited finallciaÈ statements for the year ended 31 December 2023. The fmanciai staterneats comply with the Charities Act 2011. the C4)mpaDies Aei 2006. the Memorandum and Articles of Associativo and Accounting and Reporting by Charities". Statement of R¢cotnmended Practice applicable to cIMn"ties preparing th¢ir 4ccoullts ill accordance th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). OEcr[VEs OF THE CHARITY. PRtNCIPAL ACTIVMES AND ORGANISATION OF OURWORK Th¢ chaTity is eottstiDJted as a c¢)mpany limited by guarantee, and is therefor¢ governed by a memorandum and artide$ of &gsociation. The ¢harity's object and ptillcipai attivity ¢ontirLues to be that of educating. promoling ond developitig the science. art and practice of honi¢uitur¢, the advattcement of environm¢nial Protectio wEth specÈal reference to the conditiODS existing in the Nortb of En8ialld by the prowotiou of shows 2nd events. Within these events the clwi.ty 5uppons numerou5 other biJrt%cUltUr Gharities. enabling thern to incre&se publi¢ awareness ofthe5e cILatities. In shaping our obj¢ctive8 for the yeat alld plam)ing our activities. the trtteS have considered th¢ Charity Commission's guiilauce oll public benefiL includ&ng th¢ gui¢lan¢¢ 'public bEllefii'. rut]lli a charity B2).. The charity also wholly controls a trkdillg company, Harrogate Flow Sbow Lirnite4 a eompany incorporated in Eogiand 2nd Wales. The trustee5 feel it is impottani io highligbt the fact that the trdding COpY (whith runs the sbows) bas, since its Incorporatio Dvet sts profits to thE charity under a deed of covenant. The allnexed acc()uDts sh¢)w that iu the yeat 2023 no payment was able to be rnade to the charity by w&y of Y4 gift (2022.. £niL). but ¢haritable aitDs would be et from fjn8n¢i81 rerVES. The Chatity ]w established ils grallt akEll8 policy to aLbieve its objectÉve5 for the public benefit. The Charity receiv¢s Bnd CODsidus ditect application for as5i5tance. Detailed considerutioll is given to each appli¢ation on the b&sis of iknatioll provide¢l additional iDforttLation the trustees see as ne¢cssary to foT opinio4 visiis and follow up r¢ports. Th¢ ¢barity COOPErates with aud provides support Yia the platfoEm of the HogatE FliJwer Shows for a de rauge of hortiGultutally based ups. or8anisatioDS inth"vidual8. This includes suptth of over a dozen specialist plant societie5. including, but nirt limited to c]llysanthemum. ilahli4 Cacti. geraBium, daffodil, gladioli and bonsai. The chsrity a150 engages with ¢dibles througb its woAt with the Northern Frukt Group. National Vcgctable Sooety alld regional allotment groups. The orgatiisatioll works dosely in prornot tbe Yaluable work of recogls¢d Lhdrities. includiDg Perennial CtILe Gatdener's Charity). Horticap. Wades Charity and various wider rsnging groups. The charity also supports Icarning gnd educatioll in hortiGulnw4 via conlmiiment to r£gioDa] colleges including A5kbam Bryw4 Shipley College, Bishop BurtOJL Kirkley and Crdven College. A conttnued relationship with the Chartered Institste of Horticulture 'Young Horticulturalist of the Year, and the Yorkshire in Bloom 'Young PeoplE'S Awatd. ensure that sucb support is hi8bligbted and widened in the spbeTe ok'ledrnitt& Work of the organisation also extendy to individuals and small groups. frorn horticultural exhibitors. nursery grow5. floral SOVAeties aJd gardening clubs to cotomunity growillg initiativ&%, historkcal orgallisations and volunteering grollps. THE COVTr4CIL OF IVIAf4AGKMENT There is a Council of Manage]nent wl)ich CODsists of a minimum of 15, maximum of 18. elected m¢rllb¢Th. All of the [lleMbe of the ¢ouDcil of management are nard wlthiti the wnpany inforDJ&tion. 85 directo of the Ihatity. and served throughout the year ulllcss stated otherwis¢ in the conipany itrforniation. There is & Presidenl of the charity who is dlgible to setve for an initial period of two years. The term in office may be &fflended at the ("setion of tbe CouDcii. The Chairmall and Vice Chairnian are elected allnually by Cowicil. The day-to-day management of the charity is bpndl¢d by J Robinsoll {the company s¢cret8ry} and N Swith (the show director). COMMIE£s Therc 55 all executive ¢onllnitTre ¢ompri5ing th¢ thiaD ofthe compally. the vicewcbRirm8JJ of th¢ company. the co]npany secretpry. th¢ 3how director, the solicitor. a represeDtatiYe from th¢ HoThogaie Flower Show Limited who is iDd¢p¢nd¢nt of the ch&rity. alld up to four other ember5 of the council. Its fictIon is io Admillt¢r the ¢ODJPaDy in ali its aspecLS. to respond to instrurti¢)ns fri)m the coullcil, to bring to the counc&l matters as nece5s8ry and to report to the council on its activits'e5. Page 2
THE NORTH OF ENGLIND HORTICULTURAL SOCIETY (REGISTERED NO: 02419964) (A REGISTERED CEL4RfrY LIMTfED BY GUAIL4NTEE) (CHAIUTY NO: 702017) COUNCIL OF MANAGEMKNT'S REPORT ON THE GROUP Accoiwrs FOR THE YEAR ENDED 31 DECEMBER 2023 THE METHOD OF AppoINfMENf OR ELECTION OF TRUSTEES All potential èustees are vetted by existing ttijstees and actively participate in and gain experiefjc¢ of the show5 Under tbe guidance of existing trugttts. Once appointe4 2ll tntstees re¢¢ive a ¢opy of the Soeiety's Memoran(hun and Articles of Association and Byelaws. tn additiots they receive a ¢opy of the Clwities A¢t 2011 s¢¢tiolls 178-184 and a Copy of the Charity Con]mission documents - "The Essential Tntstee- what y05] need to know" -CltieS and Risk MaBa8¢tr¢ent" and"A Guid¢ to CoafjiGt of Interest for Clwity TnLqtees" The trustee8 are required to sigll a declaratioTJ that they eitber have no conflicting inierests or divu]g¢ aDy interesL which tnay collflict with those of the ch]ty. Ongoillg training is provided as necessary, including attendance at relevant coiirs¢5. REspof4SIBILrriES OF MEMBERS OF THE COUNCIL OF hWIAGEMENr Company and charity law requires the melljbers of tbe COUDcii of mallagement to prepare financial ststemellts for ead) finatseial year whieb give A trne and fair view of the $tllt¢ of aff4trs of th¢ ¢omparLy and of the surplus or deficit of the company ftsr the period In preparing those finaDeial statcm¢ut$. the m¢rnbers of the wuncil of managem1 ar¢ required to.. (a) SelECt suitablr aGcounting poliGirs and thEll apply consistently. (b) Obsetve the Eth0th aud PIiDciples in the Charities SORP (c} Make judgtlleDts estiat£S that are rc&4onable aud prudent. (d) Stat¢ whether applicable UK Accounling Standards have beell followe¢L subject to any materiaI departures disclosed and explained Én th¢ financial statements.. and (e) Prepare fjnancial stslements on the going concern basis unless it is inappropriate to presume that the coTnpaBy will G(JDtEnue in business. The members of the coullcil of llgement are wponsibl¢ for kecping proper 4ccounting record8 whi¢b disclose with reasonable ac¢uracy at ally timc the finallciat position of the cornppny aud io ¢Dabl¢ tbellE to ¢usur¢ that th¢ financial stal¢ments comply with the Companxes Act 2006. They are also respoDsiTr>le for safeglwding the assets of the COpanY and h¢n£e tsking reasonable Steps for the prevention and deteGtioD of fraud and other irre8ularilies. In so far as the council management are aware.. - there is no relevant audit infomiation ofwhich the charitable compajy's auditots are wiaware; and - the council management have taken all steps that they ought to have taken to ake thelltselvE5 awAre of aDy relcvallt audit Infortion and to e5tabli5h that the aud]"t0¥5 art uwate of that illforniation. PROFESSIONAL ADVISORS As GOpaY illformatioll on pagt l. DEvELOP1Nfs. ACHtEVEMENTS AM) FtrruRE AcfiviTIKS Th¢ thaT1S bosting of both Harrogate Spring and Autwnn shows in 2023 continued th¢ opp¢)rti]nEty to re¥¢ngage with the NEHS'5 cor¢ audicnc¢ in differ¢Dt wdys. with Spring anticipating the horticultural year ahead whilst Autumn c¢lcbrat¢d the seas¢)n past in both pl8llt and produce. The h05ting of both sh(5 remained the cb8xity's main a¢hi¢van¢nt for the y¢8r. The Spring 2023 event offered a aiue of denIng, approacL intended to Mtlcojne back those gardeners wbo had felt unable to attend events in previous years. alongside CJLgaw8 a llew diverse audience lo the joy of plants alld gardell8. A ncw cate80ry of 'CreativE Borders,. supported by the Associati(n of Professional Lalldscapers. offered stthts, desigllers aud orgatiigations the cbance to create a practicsl aDd attractive space in a limited are4 the Gardenev stage contin]]cd to attract a f&8ciDaling seri&8 of speakers demonstrator5 to explore the'people khind th¢ plants,. The annual HFS Chwity Breakfast returned to tbe show, r855in8 a]most £3.000 to the work of Demelltia Forward wbilst fidraIsing for Perennial Tr Gdenc¢S Charity) continued for 2023 by means of Plant Creche doDation5 and produ¢t sal. AutUTnn 2023 staged att unrivalled celebration of the gardenitig year. welcoming the National Chalupionshtps of the NVS attd thE breakw of the World's Heaviest Ow"on record ill the NEHS frw"t and vegetable competition. Over a dtsz¢D societies shaTed thtir knowledge of a rge of plants and dowers. frotn dathlia to fibS1< wbiist forty plant nurseries sbowc8sed a sttmning seasond display. The auttunn event 8Jso loWed the tharity to develop its commilmcnt to the societal Cultu of gardening in a unique lanthnapping project with the Yorksbire Gd¢ll5 TnwL raising awarene55 of some of the fantastic htstoric gardens and18nds¢apes around Yorkshire. Fulldraising witbitt the show also attracted over £1,500 to the work of Macmillall. Outside of the shows, the ¢hority continued to utilise a variety of m¢thods and chBnnds to share 8nd promote its work Gardening tips were shared througbout the year via social media platforms including Twitter. Facebook gnd Jnstagram. reaching virtU0J audience5 of up to 15.000. A members e•newsletter,delivered througb H8xrogate Flower Shows Ltd continued to promote positive stories Telating to horticu1tte. issued regularly and reaching audi¢nce5 of 230.000 per issue. L¢¢tures and talks were provided to gardenillg group5. borticultural institution5 aod haritabl¢ p8rth¢rs, r¢athan8 an ¢stimat¢d 2,000 people during 2023. Pag¢ 3
THE NORTH OF ENGLAIYD HORTICULTURAL SOCIETY (REGISTERED NO: 02419964) (A REGISTERED CHAIUTY LlllllTED BY GUAIL4NfEE) {cHATy NO: 702017) COUNCIL OF MANAGEMENf's REPORTS ON THE GROUP ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 DEVELOPMENTS, ACHIEVEMENTS AND FUTURE AcfIviTIES CONTINUED The charity continues to maintain and (kvelop relationships wAth key horticultural parthers. wor]Dng 81ongsid¢ orgatiisatiotjs including Perennial, the Chart¢r¢d ID5titute ofHorticulture, the British Associotion ofLand5cJp¢ lttdll8tri, the Horticultur81 Trades Associatio the Nationat Asso¢iation of Flower ArrBngillg Societies alld the National All0tellt Society. The ¢Ilty has fjjrther contirLued its relationship with a wide raage of speciatist society groups. hopefiY eThabLiug & stronger and brigbter thtur¢ for both their and our work and #Lobition. IiESUL'fs AfqD FINAf4CIAL POSITION Ill e(mmtsn with mony large scule national events, the cl15 trading subsidiw Harrogate Flower Show Limited colltinued to face si8tuficant challenges ill 2023. The c4)ntinued after-effects of the COVLD pandeEtiie on audience attendan¢4 cobIned wÈtb 3ubstalltial cost inCteasES a¢iL)ss ¢vellt hire and pl1 atLd Iising infi&tion resulted in figures which still Rmaiti below those of 2019 The gucessfjjl b05ttllg ofboth event$ have, however. continued to allowthe ¢lwity to engage 2n its aim5 and ambitions durillg ullcenain t1c¥. Dsr¢ctor5 of the tradIg compally remain acutely aware of th¢ core 8Am8 alld ambitions ofthe chlty and ¢ontinue to Emplemellt and monitor cost ecollolnies witlull th£ tr&ding company. The financiat profit by the tradiog subsidary w&8 offset by brought fonvard trading losses meaning that no gift {2022.. £DiI) is payable in 21Y23. The tradKng 5llb5idary reaInS iti deficit as can be seen ia note 19 of the a¢Ullts. The defi¢it is a Tesult olthe Ha¥rogate Spring pnd Autumn shows not tsking place in 2020 due to the COVID 19 p8nd¢mic. Steps are being tsken to reduce this deficit by contitiU5ng to hold SULLessfill Harrogate Spiing and AlltUD 5bows along with the Jnonitoring of Costs. Part of Gosts 18 rlLarAtable expenditure glld i3 Separately identified in the SOFA. During the year, the chaTitsble expenditure incurred by the $ubsidLary belwlf of the chaxiry iotalled £339.079 (2022.. £323,784). The IucoD]e alld ExElldilure Account shows a gain of £41.059 (2022.. £152,324) on &nveslm¢nts. ILI additioll to "8blIsht1llg that charitabl¢ dollatii)ll5 of £83,240 (2022". £164.315) W¢ m&d£. A donation of £80,000 (2(Y22: £k62.000) way ttLade fro The Nortb of England Hi)rtiGu1tstr21 Society to Harn)gate Flower Show Limite(L THE CllèKRfTY'S RESERVES POLICY The reserves ar¢ rcquircd to m¢¢t the object5 of the Chatity. Charity Commissioll guid¢lines tequRte us to have rcseThc5 ¢quival£nl to thrce ollths, opatIng costs. Due to the aDnually cyclicd Dature of our worL we are rn0 comfortable a higher figure. aDd res¢ry£% at the year elld werc £433,767 (2022.. £511.057). All rcserycs ar£ ullrestricted fi]n¢l8. INVLS'I'MENT POLICY AND TARGET RETURN The ch8n.ty all inVestellt Lunrtllttee ¢omprising the Chairni VICChaIrman and company 5ecrctary and to two other membcrs of ¢ouncd who meet 14 necessary and report Tegularly to the executive Gon]mittee of the charity. The aittl of the G(mllnittee is to manage 2nYeslmcnts ¢¢Jnsuvatively, to obtain a balanced portfolio a rdurn in line with current market ondÈtLOllS in the long teml. some capital gai To do this the conlluittc¢ rnakes use of the CCLA charity funds and h&5 two portfoli05 of ]llveStellts mallaged by two brok8, who subo)it regular report5 and advice Snd meet with the investEnents con)mittee. RISK MANAGXMENT The tmstees have an on-going policy of revi¢wiDg the major risks to which the Chity is ¢xp05¢d aud systems have Ixen be]ng estsblished to mitigate those risk5 by mwJ5 of iD¢Teasing th¢ weather independence of the shows, a wajor factor sn their success. There ar¢ obviously factors beyond the control of the charity which may result iu the cattcellation or alielll of 3bows. A Health & Safety Officer 15 wn5ult¢d l¢adillg up to alld during all events to ¢Vre th¢ chtirity conforms with all cutreni le8i51atlDIL Si8ued behalf of the Council on 6 Marcll 2024. Lady P. L. Mowbr*y: Truste¢ Pa8e 4
THE NORTH OF ENGLAND HORTICULTUIL4L SOCIETY (A REGISTERED CHARrrY LIMrrED BY GuAlL4TrE} INDEPENDENT AUDrroRS REPORT TO THE COUNCIL OF MANAGEMENf OF THE NORTH OF ENGLAND HORTICULTURAL SOCIETY opt¥lON ON THE FINANCL4L STATELiffKrs We bave audited th¢ finon¢iai statements of The North of England Horticultural Society (the 'c1ty) and its subsidiaTie5 {the '0p,) for the year ended 31 De¢emb¢r 2023, comprise the Consolidated Statement of FiDallCTal Activities, Consolidated and chity Ba]ance Sheet, StatemeDI of C&qh Flows and CoD501idated Stat¢ment of Cash Flows, and Notes lo the Finan¢ial Statemellts. including a swllm4ry of significant aecoullting policies. The fillan¢ie] reporting framework that h&8 b¢¢n applied ill their preparati¢)D is UDlt¢d Kingdom Accounting St8JJdards, co]nprisillg Charitie5 SORP - FRS 102 'The Financial R¢portillg Stattderd applicable ill the UK and RUbliC Of Ireland. and app1]ble law (United Ktngdom Generally Accepted Accountimg Pra1). In our opinion th¢ finaD¢ial ststements.. - 8iv¢ a true and fair view of the stat¢ of the group's attd of the Chlty,5 affaiTS as at 31 December 2023 end of the 0Up.8 r¢sults for the year th¢n end¢d., - have b¢en properly prepared in accord2n¢e with United Kingdom Genetally Accepl¢dAccounting Prdctice. and - have bECll prepared in a¢wrdauce witb the t4uirements of th¢ CompaDies Aet 2006. BASIS FOR OPINION We conducted our auilit in aeeord8nce with International Stpndards oll Auditing (UK) aSAs IUK)) ¥lld appliGable law. Our responsil)ilitic8 under those standard8 are fither desGtibeAI in the Auditors, respoDSIbilits"rs for the audit of the financial StateEttts section of our report. We arc indepelldellt ofthe gtoup in ac¢ordao¢e with the ethical tequirements that wre relevallt to our audit of the financial statements in the UK includEllg the FRC'S Ethical Stand4r¢L alld WE havr fulfilled our other thical re5PDusibilities in accordance with the require¢llts. We believe that the audit evidencL w¢ have obtained is guffieienl find appropriate lo provkde & blS for our opinion. CONCLUSIONS RELATIIYG TO GOING CONCERN In auditing the finallciaK statements. we have conduded that the trustccs, us¢ of th¢ going concern basis of aocouutiDg in the preparation of the fmancial statewcuts i3 appropriate. Based i)n the worft we have perfomi¢(L we have llot identified any rngt¢rial Unrta]ntieS relating to events or c(mditions thaL individually or oollcctively. rnay cast significant doubt on the charity's abaity to Colltinue as a goiDg foT a petiod ofat least twelve months from when the finallcial statements are authorised for issue. Our responsibiliti&8 the rrsponsibilities of the trusteu with re5PC¢t lo going con¢¢rn ar¢ described in the relevallt Sectio of thi5 report. OTHER INFORMATION The trustees ar¢ respi)Dsible for the other inforniation. The other inforniation comprises the informatioD ID the Report of the Tn]ste. but does not in¢lude the financial stateulents and ouf Rq)ort of the Auditor5 thrreijll. Our i)PiDion on the fillan¢i81 staternents does llol c4>ver the other inforuwtion excq>t to the extent otherTrise explicidy stated ill our report, we do not express any form of a5svr8ncc conclusioll thereon. In connection with our audit ofth¢ fiDanciaE statements. our responsibility 18 to &d th¢ other inforniation an¢ in doing so. considEr whether the othEr illfonnation is mat¢ria]Iy iDCODSiStellt with the financial ststements or our knowlcd8e obtained in the audit or oth¢rwise appears to be terIally misstated. Ifwe idensify such aterIal inconsistencies or apparcnt In4t¢rial 15Stalemettts. we are required to d¢t¢rmin whether this vEs IiS¢ to a niat¢rial misstatement in the fiacial ststem¢nts thenelves. I£ based oll tht work we haye perfOrne we couclude that there i5 a material mi5Stai¢m¢nt of this Other informatioo we are r¢quir¢d to Tqjort that fact. We have nothing to report in this regard. OPINIONS ON OTHER mAERs PRESCRIBED BY THE COMPANIES A 2006 In our Opinio based on th¢ work undertaken in tht course of the audit.. - the illforniation given in the Report of the Tru5tres for the filloll¢ial y¢ar for whirh tbe fjnancial statements pr¢par¢d IS COD5iStent Mryth the financial stat£mcnts' gnd - the Report of th¢ Tn]stees h&4 been pwared in accdance with applicable legal requirements. 14qATTERS ON WHICH WE AR£ REQUIRED TO REPORT BY EXCEPTtON In the light of tb¢ kDowled8¢ and ulldertanding of the 0UP and its environinejit obtained in th¢ wur5¢ of the audit, we have not id¢ntifiEd material misStatern¢nts tn the Report of the Trustees. We bave nothing to [Ort ITJ Tespect of the following matt5 wher¢ the Componies Act 2006 requires w to report to you 1£ in our opinion.. - adequate acci)unting records hav¢ Dot been kep¢ or retums adequatr for our audit have not been re1ved from branches not visiled by us. or - the financia] statem¢Dts are not ill agreement with the accounting records atsd returns.. or Page 5
THE IYORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE) INDEPENDENT AUDITORS REPORT TO THE COUNCIL OF MANAGEMEwf OF THE NORTH OF ENGLAI¥D HORTICULTUIL4L SOCIETY MATTERS ON WHICll WE ARE REQUIRED TO REPORT BY EXCEplloN CONTINUED - certaiti digclosures of ttSteeS, remuneratioll specified by law ar¢ not made. or - we have not received all the infonnation and explanations we require for our audit. or - tbe tnjstees were not eDtitled io tak¢ adyautage of the small companies, exemption from the requir¢llt to prepare Strategic Report or in preparing the Report of the Trust¢es. RESPONSIBILITIES OF THE COUNCIL OF hL4NAGEMENr As explaied more fully in the Council of Managements, Resp¢)nsibiliti¢5 Statement, set out on page thre4 the Council of Management (who are also the direetors of The North of England Horticultural Society for th¢ purp05es of cornpally law) are responsible for the preption of the finart¢ial statements and for being satisfied that they give a true and fair view, and for stscb internaj control as tbe trnstees deterrnine is necessary to enable the preparation of flljancial stat¢tneDts that are free from Matla1 misststemenL whetber due to fraud or ¢rror. ltt preparing the financial stat¢ni¢rLts, th¢ trustees arc responsible for esSIng tbe group's and the charity's ability to contiuue &8 a going ¢ou¢<rn, th"sclvsin& as applicable. Illatt relat¢d to going collcern alld Usi8 thE going basis of accoutLting ull]¢s5 th¢ trustees eitber intend to liquili¢ th¢ group or tbe chariry or to cetse owations, or have llo realistic Alterng4tiv¢ but to do so. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to Ob]n r¢ason3ble &%surance about whetlLer the financial statements as 8 whol¢ are free from tnaterial ]nisstateJnent. whEthEr du¢ to fraud or error, and to IUg an auditor's rewrt that indude5 our opinion. Reasonable assurance is a tu'gh level of assutance, but is llot a guaralltee that aLkth"t ¢OLduited in accordance with LSAS (UK) will always detect a m&*rrial misstalement when it extsts. Misstatements can arise from hud or error and are ¢on5idered ]nateria] if, individually or iti the aggregate. tbey wuld rEasoDably be expected to influence thc economic deGiSiOnS of users tokell on the basis of these fjaancial ststernets. Thc extent to which our procedutes capablr of det¢¢iing &Negularitie5. including fraud 18 d&ailed below. We gaAned an understandiog of the leg81 alld regulatijry fratllework applicable to the cornpaoy alld the itidustry which it operdtes and ¢onsideTed the risk of acts by tbe copEnY that were c4)ntr8ry to appticabl¢ laws 8od regulation4 illcluding fraud We fo¢us¢d on laws and regulations which could 8iVE Iise to a ateral misstatement in the financial statements, includin& but not limited to. the Companies Act 2006 and UK tsx Icgi51atioll. Our ttsts illcluded agreeing the finclaI statement disclosures to ulldctlying supporting dMentatIO enquiries with mallagemeni and the inspection of otbcT iegulatory alld legal correswidence. We addtwed tlLE risk of management override of internal Gontrols. including testing journals and estimates and evaluating whether there was evidence of biss by the tustees that repr¢5ellted a risk of aterIal misstatcmenl due to fr&ud 8Ad the complet¢n¢ss of income recognition by testing the incom¢ a dat&b&se of Jnembers. We did llot identify alky kcy audtt matters relating to irr¢gularitie5. including fraud. BtLdUS¢ tst the inberent limitations of yo audit. th£ is a iisk t1 we will not detert all irr¢gularities, ill¢llldin8 those leadiag to a material i5statrellt in the fillan¢i8J stament5 or non-compliallcc with regul&ion. This risk inoreBse3 the more thai COttLpliallc£ with 8 law or Te8ulatii)ll i5 rrmoved from the events and transaotions r¢fjccted in the fi8¢#1 statements. a5 w¢ will be less likely to becojne aware of instances of noll-COllLpEiallce. The risk is also eat Iegarding irr¢gulprities occuuing due to fraud rather than ctror. as fraud involves intonti0J concealttLenL 1018ery. ¢o]]u5ion, omission or mi5representstion. A furtber description of our r£spoDsibslities for the audit of the fitwicial 5tat¢ments ES localed on the Financial Report2ng Council's w¢bsite at www.frc.org.uklauditor5re5ponssbilities. ThES degcription fonns part of our Report of th¢ Auditor5. USE OF OUR REPORT This report is made solely to the charitable compglly'3 m¢mlxrs. as a body, ill accordance with Chapt¢i 3 of Part 16 of the Compallies Act 2006. Our audit work h&s been undertaken so that we might se to tbe eharity's members th05c matteTS w¢ are required to state to them in a Rwt olthe Auditors and for no other purpose. To the fiJlest ext¢nt p¢nnitted by IAW, we do not accept or assurne respollsibility to any(me ijther tban the ch3ritsble company and its member5 as a body. for our audit for this reporL or for the opinions we have forrned. Groh4m Fr¢neh (SeLtor St#tutory Auditor) for And OD behalf of DSC Accountants Ltd Chartered Accountants Statutory Auditorj Tatter8all House East Parade Harrog8te Iyorth York8hlre HGI SLT Date.. 6 March 2024 Page 6
THE NORTH OF ENGLAP4D HORTICULTURAL SOCIETY (A REGISTERED cHARy LIMITED BY GUAllEE) CONSOLIDATED STATEMENT OF FtNANCtAL ACTtVlTIES FOR THE YEAR ENDED 31 DECEMBER 2023 (INCLUDING CONSOLtDATED INCOME AND EXPENDITURE ACCOUNT) SUMMARY INCOME AND EXPENDITURE ACCOUNr TOTAL 2023 2022 Notes UNRESTRIcfED INcoMtNG RESOURCES Volulltary income: Mernbers subscriptions 8J)d donatioDS 2.016 2,016 3.817 Ineome frDDI Other trgdKng Aetivities: Commercial trading opuation5 1.352,096 1,352.096 1.224,107 IDvestm¢n* ineorne li 10.962 10.962 14.636 Other operating income Storage rcntsl 770 TOTAL tNCOl¥ItNC RESOURCLS 1365 074 1365 074 1243 330 RESOURC EXPENDED Costs of gellernting fynds: Trading ¢xpenses 1.051.897 1.051.897 1.060.577 Exptnd¥ture OD cbaritable aetivitits: Donations. grallts and sponsorship Ch8ritable expendxture by subsidiary 3,240 339.079 3.240 339,079 2.315 323.784 other expeDditure: Support costs 89,207 89.207 81.922 TOTAL RESOURCES EXPENDED 1.483,423 1.483.423 1.468,598 NET INCOLWGI(OtrrGOING} RESOURCES (118,349) (118.349) (225.268) Net 8ainslOosses) on investments 41,059 41,059 (152.327) NET INCOME AND EXPEI¥DITURE ATr4D NET MOVEMENT IN FUNDS BEFORE TAXATION 377 595 CoTPOT#tion tax 18 NET INCOME AND EXPETr4DITURE AND NET MOVEMENT IN FUNDS AFfER TAXATION 377 595 Fund balances brougbt fonlwd 511,057 511,057 888.652 FUND BALANCES CARRIED FORWARD 433.767 433,767 511,057 The statement of financial activities incorporates th¢ iD¢Qm¢ and expenditure account alld th¢ results for the Y derive from Continuing activities ond there ar¢ no gains or losses other thaD thos¢ shown above. Page 7
THE NORTH OF ETrIGLAND HORTICULTURAL SOCIETY (REGISTERED NUMBEL. 02419964) (A REGISTERED CHARITY LITrIITED BY GUAIL41YTEE) COI¥SOLIDATED BALANCE SHEET FOR THE YLIR ENDED 31 DECEMBER 2023 Notes 2023 2022 FIXED ASSETS Tallgible assets Investtttent$ 12 13 21.284 596 901 20.242 712 889 618,185 733,131 CURRENf ASSETS Debtors Cash ai bank and in I]d 14 46.400 179.780 226.180 125.417 184.759 310.176 CREDIIDKS: amounts fallirLg due within one ye 15 343,930 415,582 NET CURREiYf LIABILITtES (117,750) {105,406) CREDITORS: attaounts falling due aftEr tTrore thall i)llr year 16 66.668 116668 (66.668) (116,668) NET ASSETS 433 767 511057 UNRESI'iucfED FUNDS Generat Non-chariiable trad8 Desigllad 746.733 (312,966) 871,893 (360,836) 19 E9 TiYfAL FUM)S 433 767 511057 The mellLbers have required thE COrnP8lly to obtain audit of its fiuanci315tatements for thc year eTrdcd 31 December 22] ill accordauc¢ with Sectioll 476 of the Compallies Act 2006. The members a¢knowledge the&r responsibilities for.. (a)enswing that the charitable cojnpally keeps accounting recor(ts wkn"¢b comply with SectiODS 386 and 387 of the Companies Act 2006 (b)preparing financial statements which give a true and fEir view of the state of #ffairs of tbe charitable company &$ at the end of each finattcial year and of its surplus or deficit for tach fiuanci21 Y¢ in acrordance with tb¢ require£llts of SectlOll5 394 aud 395 and which otherwise comply Mqth the requireDMts of the Companies Act 2006 lat]ll8 to financial statements. 50 far a5 appkn.bIe to the ChIlable compally. The meMbS have prepared group accouttts in accordance with section 398 ofthe Companies Act 2006 and section 138 of the Clwitics Art 2011. These fil1£1a1 statements have been prepared in accordance with the special provisions of Part 15 of the Compallies Act 2006 r¢lating to 8m811 ¢haritabl¢ wmpani¢5. Approved by the Coun¢il on 6 Mch 2024 alld signed on its behalf by the following m¢mb¢r5.' C.S.H. Smitb C.J. Bayliss Pag¢ 8
THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NUMBER: 02419964) (A REGISTERED CEL4RITY LIMITED BY GUAIL4NTEE) COMPANY BAL4NCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes FIXED ASSETS Tallgible assets InVesentS 12 13 9,591 596.905 12.837 712 893 606.496 725,730 CURRENT ASSETS Debtots C&8h at bkuk and iti bond 14 125,630 129.475 169,069 168.408 CREDrroRS: amounts f4lling due withiti one yc 15 22.242 NET CURRENT ASSETS 140.237 146.163 NET ASSETS 746 733 871893 UNRESTRICTED FUNDS Gener Desi8Dated 19 E9 746.733 871.893 TOTAL FUNDS 746 733 871893 The Tnembers have required the company to obtain an audit of its financial ststernents fiTrT the year ended 31 December 2023 in accordanc¢ with Section 476 of the Companie5 Art 2006. ThE Enembers acknowl¢dg¢ th¢ir r¢sponsil>ih"ty for complying with the requiremenls of the aGt with respect to accountin8 r¢cord5 and for the prEpardtion of the accounts. The financia] siat¢m¢uts have beell prepared in accordanre tb¢ Spla1 provisio of Part 15 of the Companie5 Ath 2006 relating to small companies. Approved by the Councll ijn 6 MarGh 2024 alld 5iglled on its bgbalf by th¢ following Ubemb¢rs'. C.S.H. Smtth CJ. Bgyli& Page 9
THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NUMBER: 02419964) (A REGISTERED CHARrrY LIMITED BY GUAIL4NTEE) CONSOLIDATED sTATE1r OF CASH FLOWS FOR THE ITAR ENDED 31 DECEMBER 2023 2023 2022 Notes C&sh flows from operating activlties Cash g¢nerat¢d from operations Invegtlnent income (164,628) 10,962 {188,756) 14.636 Net cash from operatillg activities 153 666 174 120 Casb flows from illvestinE activities Purchase of tonble fixed ass¢ts Purch&¥e ot'fixed &sset investments PrLKeeds frotn sale of fixed asset investmen (8,360) (577.887) 734,934 (8,730) (458,839} 578.199 Nd c&8b from 3uve3ting Activities 148 687 110630 tncreasel(decrea5e) in £h and £asb equivalents in the y¢ar (4.979} (63.490) C&8h alld cash equivalents at the be8]Dn]n8 of the y£ar 184.759 248,249 Cash alld (Esh eqllivalents at thr eud ofth¢ ycar 179 780 Page 10
THE NORTH OF KNGLAND HORTICULTURAL SOCIETY (REGISTERED NUMBER; 02419964) (A REGISTERED CHARifY LIMITED BY GUARANTEE) COhlPANY STATEMETrU OF CASH FLOWS FOR THE YEAR Ef4DED 31 DECEMBER 2023 2023 2022 Note Cash tlows from operatlng activities C&sh generdtcd from opcrations Investment income (163,503) 10,962 (235.888) 14.636 Net cash from op¢rating activities 152 541 221 52 Cash flows frorn investiDg 4¢tiYities Purchase of iangible fixed a55ets Purch&%e of fixed asset invcstments Proceed5 frow sale of fjxed &%set inveSth]ts {1.237) (458.839) 578.199 {577.887) 734.934 Net ¢ash frolu investing activilies 118 123 Incr¢as¢l(d¢cre&8¢) c&8h cash equivaJ¢nts in the year 4.506 (103.129) C&sh aud cash ¢quivaients at the beginDiag ofthe year 38.933 142.062 Casb alld c&8h tquivaients at the end of th¢ year Page 11
THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NUMBER: 02419964) (A REGISTERED CHARrrY LIMITED BY GUARANTEE) NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 I RECONCILL4TION OF (DEFICIT)ISURPLUS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS GROUP COMPANY 2023 2022 2023 2022 IDeficitySurplus before taxAtion Depreciation charges lllV¢Stment iD¢ome Lo5(Gain) on ittvesttlleuts {77,290) 7.318 (10,962) (41.059) (377,595) 4.583 (14,636) 152,327 (125,163) 3.246 (10,962) (41,059) (386,320) 3,246 (14,636) 152,307 (121.993) (235,321) (173,938) (245,403) Deere&seI{incree} in inveniories Decitase/(iticre&4e) in trade and other debtors (Decredseyiticrease in trade and other creditors 79.017 (121.652) (26.823) 73.388 3.845 6.590 5.248 4.266 Ch geTrerated from operations 164,628 188.75 163.503 235.888 2 CASH Af4D CASH EQUtVALENrs The amotmts dis¢los¢d on the Cash Flow Statement in r¢sPCCt of cash aud cash equivaiellts are iD respect of these Balance She ajnounts.. GROUP 3111212023 OUOill023 COMPANY 3U12ll023 OUOill023 Ye4r ended 31 December 2(123 Cash and cash equivalerkts 179.780 184,759 43,439 38.933 GROUP 3111212022 OMI012 COMPANY 3111212022 0110112022 Year ended 31 Dtcember 2022 Cash and c8sh cquiv8leDts 184.759 248.249 38.933 142,062 Page 12
THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CEL4RITY LIMITED BY GUARANfEE) NOTES TO THE FINANCIAL STATEMEP4TS FOR THE YEAR ENDED 31 DECEMBER2023 I STATufoRY INFORMATION The Nortb of England Horti¢u]tUTal Society is a private compauy, limited by guarantee. registetrd in England and Wa]es. Th¢ company's r¢gistered number and r¢stered offi¢¢ addttss ean be foulld on the Company Information page. Th¢ chaTity is a public benefit entity. In the event of th¢ ¢harity being wounil up, the liability in respe¢t of the guaralltee 1$ IiJDited to £1 per member of the charity. 2 AccouTrrriThG POLICIES Basis of pr¢pgr4ti0ty The financial statem¢rAts have b¢en prq)ared in accordance with Accounting aud Reportiog by Charities.. Statement of Recotnmended Pra¢t5ce applEc4bl¢ tt> chtiTities preparing tbeir ¢ullts in accordance with the FÈDancial R¢portiug Standard appltcable in the UK and Republic of trelalld (FRS 102) (eff¢ctiv¢ l JaTLuary 2019) - (chltieS SORP (FRS 102)). th¢ FiDanciai Reportills Standard applkcable io the UK and Republic of frelalld (FRS 102), the Companies Act 2006 and the Charities Ad 2011. The North of England Hort[Cra7 SoGiety meets the definition of a public bfit clltity uDder FRS 102. Assets and liabilities a initially r¢wiscd at histlal cost or transactioa value UDles5 otherwise stated in th¢ rel¢v4Ut 4¢COUTEtiug poh'cy nol¢($). Bllsis of CDIISDlidgti0 These fillaDGial sthtements consolidat¢ the results of the clwity and its wholly owned subsidiary. Harrote Ftower Show LiD)iteiL 00 a line by lille b&sis. A sepat¢ Statement of Triuarycial Actisqties, 01 incotBe and expenditure account. for the charEty itself 15 not presenied becau8e the rh&ity bas taken advantage Df the ex¢llLptioll3 affor(kd by Scdion 408 of the Companies Act 2006 Going Colleern The tru5tezs are of the Niew that ther¢ are no mat¢rial ullcertaintics about the charity's abdity to ¢onlinu4 and th¢ Ount5 bave therefoTe been prepared on a going ¢(Trncern b&8i5. Incoming rejources Income is th¢ amount dld fro tILe provi0 of goods and services. and ststed aftertrade discounts. Oth spl¢8 alld VAT. Trading income lllcome from comJn¢rcial activitiu is in¢luded in thc period in which the wp is entitlcd to r¢¢cipt. Inci)to¢ received for next yeaV5 show5 is treated deferred illcome. SubscnplioR¥ athldonatiorLf Inci)m¢ frorn sub5criptioDS alld dimatsoDs is included in Incoming resi)UTces when they arc re¢¢ivabl¢. IeNIent Tncomff Int¢wt garned by the charity 15 included in the Statemenl of Financiai Activiti when the charity is le8a]ly elltrtled to the inc4)me at]d th¢ amount can be quantifjed with rr&gonablc arGura¢y. Divid¢nds are brougbt to account in th¢ Statement of Financial ALtivitic5 wben reIved. Resourees expellded R£soutces &wertded are included in the Ststem¢nl of Finallcial Activkties on all aCGruS b&siy, illclusive of ally VAT which cannot be recovereiL Expenditure whith is dir¢ctly attributable to 8PEcific activities beerL illcluded in these cost Categories. Where cosLs are attributable to moI¢ than (yn¢ activity. they have been apportiollcd across categorie5 on a basis cthisistent with the use of these r¢8ources. Fitt8ttee and operating 1¢05¢s Rtlltals applicable to operating le&ses are charged to the Statement of Fingneial Activitics over the period they are incurred. Assets Oa]ned under )Snance leases are capitalised tangible fixed &ssets. Obligations under lease5 are included in creditors net of fjDallce charge allocated to firture penods. The finattce element of each paymellt is charged to the Statement of Financi81 Activities so 88 to produc¢ a wDstant n0d]r rate QD tb¢ nEt obligati[ outstattding in each period. Deprecistion of tgngible ed assets Depre¢iation is provided at the following aDDua] rat¢5 in order to write off each wel other than cups. medals. trophie5 and plaques. over its usefvl life: All classe5 of fixed as8¢ts are 5ncluded at btstorical cost and &ssets below a value of £500 are not considered material and so niA capital]L Impairm¢nt r¢viEWS occur wheu there is an indication that the assets may be impaire(L Fixti]res and fittiw.. I(159/0 per anllijm on c05t Motor Vebicles.. 21P/o per on cost Show ground improvements.. ¢er 9 years on a straigbt line basis Website DevelopDJ¢nt'. 250/4 p¢r anni]In (m ¢ost InvestDJ¢nts Inve8tments are stat¢d al uwket value the balance sheet date. The Statell)ellt of FitLaD¢iat Activitie5 in¢lud¢s th¢ D¢t gairys and losse5 arisizi8 ou revaluations and disposals throughout the year Pag¢ 13
THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARtTY LIMITED BY GUARANfEE) NOTES TO THE FINANCiAL STATEMEKrs FOR THE ITAR ENDED 31 DECEMBER 2023 2 AccouKfiNG POLICIES- ¢oDtiDued Irrecover8ble VAT The charity ils tradin8 Subsidiary are VAT restered alld are partially exempt. VAT ts reclaimed wbere POSSLble and any iThe¢overable VAT is taken lo the ILcome and Expthditure aceouttt. FuDd ac£ouDtinE Funds held by the chariry are either.. Unrestricied general fyKds. whi¢h are fiwds whi¢b cart b¢ used iti &ccordance with the clwitable objects at the discretion of the Coun¢il of Management. Destgnaied fwds, which are fiwd8 set aside by the CouocEI of MaTL2gement out of unrestriffled Beller fijnds for sp¢cific futu purp05¢5. Guvernmtnt grants GQvernrn grauts r¢lated to trA¢ purthase of &vets are treated &8 deferred income and allocated to the profit and Iosg acwunl OV¢ usefvl Rives of the T¢lat¢d assets while allts related to exp¢nscs ar¢ recogllised ill the profit and loss account wbell receiveiL Debtors Trade alld other debtors are recwised at the settlement amount after any trade discount offered. Prep&5Tnents ar¢ v#lu¢d the amoUt prepaid llel of ally trade discoullts dut. Cash at ballk G&8h ill had indudes c&8h and short temi bEgbly liquid investments witb a short Matity of three rnonths or le85 from thc dato of a¢quisilion or opening ofthe deposit or 8itnilat account. Creditors Rnd provisiOllS credito and provisions ar¢ ols¢d wbere the charity h&s R present Obligatio resulting fr[ll a Pts5t event that will probably result i the transfer of fjJn&8 to a third party and the amount due lo settle the obligation can b¢ m¢8sured w &Qirnated rEliably. Creditors and PTOViSiODS arc tMillY recogtiised At their settlement amoullt after allowing for any trade discouThts due. In8trumeTrts The trust Only has fillattcial assets aDIE fiuallcattl liabiliues of a kÉnd that quality as basic finan¢ipl Instruents. B&8ic fjD8ncial Anstnunents are initiglly recognised at tra8CtiO value and sub8equendy me&8wed at their settiem¢nt vblue. Support eosts Support sts are those fimctions thal a8Si8t the Work of the cl]arity but do not direcdy undertake dwitable activitTrcs. Pewion costs other post-retirernent benefits The cottLpatsy operates a defsned contribution pensti)n scheme. Contributions payable to the company's pension scheme are thargcd to the profit alld Ao&8 accouttt in the pttiod to which they relate. The contributii)n5 are treated ps Costs of 8eneratin8 fulld8 and are trading expenses ofthe subsidiary. Thcy foTm part of the unrestricted fimds of the group. RtlAted parties As the compatty preparts publiGly available consolidated financial statcmcnts, the company has takert advantage of the available exemption and ha5 th¢refoT¢ not di8do3ed ttaDsa¢tions or balauces with its wholly owned subsidi1¢3. CharitAble expenditure Durillg the shows. the subsidiary promotes hortiwltur¢ i)D behalf of the parent clwity througb a variety of Djeans. inoludin8 exhibitions. displays and sponsorship. The group that part of th¢ c(bsts of hosting the shows is charitable expelliliSur4 and Separately tdentifies su¢h expense5. Pag¢ 14
THE NORTH OF ENGLAND HORTICULTtniAL SOCIETY (A REGISTERED CHARITY LIMITED BY GuARAEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 3 FINANCL4L PERFORMANCE OF THE CIL4RTrY The consolidated statewent of financial activities includes the r¢5ult8 of the charity's wholly 0}¢d subsidiary. The summary fillaDcial p¢rforD)ance of th¢ charity alone is.. 2023 2022 tncome tnvc5tmcnt in¢ome 14,016 16,087 24.978 30.723 Expenditure Oll charitable activilies Support eogts Governanc¢ costs Gain51Oosses) ou investm¢th$ Net Income (83,240) (105.282) (2.675) (164.3 15) (97.940) (2.500) (125.160) (386.339) Fund balances brougbt forward Fund bAlallces eArried forward 871,893 1,258,232 871893 746 733 RepTes¢llted by: Unro5tricled inco¢ fidS 746 733 871893 4 (DEFICITVSURPLUS OF FUNDS FOR THE YEAR (Deficit)ISurylus of fwids i8 Ststtd thr cbarging: 2023 2022 Stsff costs Auditor's fees for audit seryice5 AuditoI5 fees for accouutanry and other setvRGcs Operating l¢ase cosL4 D¢pwiation 188.519 5,785 9.988 30.226 7.318 210.881 5.500 9.672 28.005 4.583 5 INCO1% FROM MEMBKRS SUBSCRivfioNS AND DONATIONS 2023 2022 mebe[S subscriptsons Donation5 ond grants 945 1.071 981 6 SUPPORT COSTS 2023 2022 R¢nt and Tat¢s tD511fduce Light and heat Hire of plaTht and a¢bIllery Telephone Travel expenses Bank charge5 and interest Prititing, postage and stationery Computer expenses SuDdry ¢XP¢llS¢5 Depreciation of fix¢5 and fittings Auditors r¢EnuueratiOtt Awountancy Legal and prof¢s5iODal fees including investellt m8nageJnent Costs 30.795 12.416 1,829 1.303 .259 785 86 1.210 18,372 28.501 10.532 1.674 1.752 1.730 495 (3) 458 13,654 459 3,246 2.500 6.031 10.893 3.246 2,675 6.214 9.012 Page 15
THE NORTH OF ENGLAND HORTICULTUIL4L SOCIETY (A REGISTERED CHARTTY LIMED BY GUARANTEE) NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 7 DONATIONS, GRANfs AND SPONSORSHIP 21123 2022 DollatioDS Other sponsorship and subscriptions 1.000 2,240 3.240 2,022 293 2,315 Duritig 2023. fjnpllci support conlinucd to be offered tts individuals. groups and organisatiODS taking part in the creation of horticuiturai feature5 swing alld autUllllL events, wbilst sponsorship of awards rdating to the promotion of horticulture in the north of EllglaTLd w&8 also maititaitied. The donations alld Sponsorship relate to the Young HortÉeulturEst of tlLe Year. Support costs associated with Brant making activities form part of the overall support ¢osts but are llot separately identifie 8 CHAIUTABLE EXPENDITURE BY THE SUBSIDIARY Dwing the show5. Hartogafr Flower Show Limit¢d promote$ hortieulture through a wiety of means. including exhibitions, d]splays and SPODsorship. The Charity deems that part of the costs of h05ting the shows is clwitable expendiiure. And is 5howJ as such ill these AccouDlS. A breakdown of the chatitsble expenditure by tb¢ subsidiary is Shown below.. 2023 2022 Rent Marquee8 Stagillg Floral Art Judge5 expen$ Prize Money Sh¢)w Pe&tures Sponswsbip 80,561 105.768 1250 39.873 4.157 50,386 24.599 31,485 339 079 80.561 E02211 3.090 29.176 2.273 46.773 22.991 9 RESULTS OF SUBSIDIARY iJf4DERTAKtNG IILe Charity a IOO°A trading subskdiary undertakin& Hatrogate Fl¢)wer Show Lirnite4 which is iticoryorated in England and Wales (r¢stered number 02485663). The registered office addre55 15 thc 5ym£ as the parettt, and can be found on tbe Company Inforniatio page. The subsidiary undcrtaking fuD8 two flower shows each year. A summary of its trad]ng results is shown below. 2023 2022 Turnover Cost of sales 1,432,096 (747.412) 1.386.107 (748.697) Gr05s profit Charitable expenditure Administrati¢)n expenses profit before t&x N¢t profit aft¢r tax Surplu81 (deficit) 684.684 (339,079) (297,735) 637,410 (323.784) (304,880) 47.870 47.870 8,746 8.746 P#ge 16
THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARrrY LIMITED BY GUARANfEE) NOTES TO THE FINANCL4L STATEMENrs FOR TE YEAR ENDED 31 DEcEIBER 2023 9 RESULTS OF SUBSIDIARY uf4DERTAKING- continued 2023 2022 TuTDov¢r t>f tb¢ subsidlary comprises of: Revenue frojn provisiou of trad2ti8 setvices Donatioll from The Nortb of England Horti¢ulturn] Soeiety 1.352.096 1.224.107 1432 096 1386 107 2023 2022 TrAdillE expellscs of the gubsidiory ¢omprffi8 of: Cost of sales Athllinistration e4)enses Less.. management ¢hargt to The North of Ellgl8lld Horticultural Society Add.. ttwia8eIneDt charge frojll Th¢ Nortb of England Horticultural SoGiery 747.412 297,735 18.750 748,697 304.880 18.500 1051897 1060 577 2023 21122 Other operatiug in¢ome". Storage rent 770 770 10 ANALYSIS OF STAWF COSTS, TRUSTEE RELKUNERATION AND EXPENSES. AND THE COST OF KEY MANAGEMEiYf PERSONNEL 2023 2f122 Wag&q and salari Soci81 sccufEty c4>5ts PeA]sion costs 186,637 (4.898) 186.648 17.971 6.262 210 881 188519 Other ¢mployee benefits 2.921 4.731 All employees ar¢ Nnployed by the 5ub8idiary uDdertaking. The average tDouth]y number of etnployees during tb¢ pcriod was made up as follows.. Office alld mallagement: r40. For tbe duration of the shows, additional staff are employed. An a[age of 40 peopl¢ ¢mploy¢d during eath 3bow. Th¢ spting show Ip*s for 4 days and tbe autumn show1&8ts for 3 days. The abov¢ wsts include the additional staff employed during each show. Members ofthe Council ofMgnag¢m¢Dt's anolum¢llts". The M¢mor8mth]m 8nd Articles of Associatiott do not provide for the Council of MBnagement to re¢¢ive ranuneration or other benefits arising from th¢ir rncmbersbip ther¢of. No ffjernb of the Council of Mallagemenl received ally expenses {2022'. ail). The key management personnel of the parent charity compris¢ th¢ trust¢es, Sbow Dir¢ttor aDd Cotnpany Secretary. These also comprise the k¢y managemellt personnel of the 0up. The tirtal employee benefits of the key mana8¢Tneth PETsonllel were £124,676 (2022.. £122.824) of tb¢ dir¢ctor8 of thc sub$idiary uoderts&ing are 8J50 ]nembers of the Council of Managan¢ni with th¢ ¢x¢eption of D. Mattb¢Wlla who is all independent direeÈor of the subsidiary. None of the trnstees r¢c¢iv¢d any r¢mwJ¢r&tion froTD the subsid)Y The number of employees wbos¢ emoluments as d¢fin¢d for knation purposes amounted to over £60.000 in the Ye was ys follow5.. 2023 2022 £70.001- £80,000-. Page 17
THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARrrY LIMITED BY GUARAwfEE) NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2023 11 INfEREST AND OTHER INcOr* RECEABLE 2023 2022 Dividends & othtt distributions 10.962 14.636 12 TANGIBLE FJXED ASSETS Website D¢velopmellt Shojy growid improvements Motor Vehleles Ftstllres ADd fittings Tropbies, plaques & Totsl GROUP C05ts". At l January 2023 Additions DisP05als At 31 DeCebe[ 2023 9,785 8,360 125,999 5,000 41,079 811 182.674 8.360 3.665 187 369 811 Depreciation.. Ai l Jalluary 2023 Charge lor year Dwosais At 31 D0b¢[ 2023 6,205 2.985 3.665 125.999 5.000 25,228 4.333 162.432 7.318 3,665 166 085 N¢t book vaJu¢ At 31 December 2023 811 21 84 Net book valu¢ At 31 Decernr 2022 811 Motor Vehicle8 Fixthres fittings Trophiey. pIAques & JDeda15 Totsi COMPANY Costs.. At l Jattllary 2023 Additions Dispusals At 31 Dec¢utb¢r 2023 5.000 31.648 811 37.459 811 Depieciation.. At l January 2023 Charge for year OtL th"spo58ls Ai 31 December 2023 5.0(10 19.622 3246 24,622 3.246 Net book value Ai 31 December2023 Net book value At 31 DecembeI 2022 811 Page 18
THE NORTH OF ENGLAND HORTICULTUIL4L SOCIETY (A REGISTERED CHARITY LIMTTED BY GUARANfEE) NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13 FIXED ASSETS INVESTMENTS Listed Unllsted Total GROUP Market Vu¢ At l Jalluary 2023 AcquisitiOllS at cost Sale proceeds from disposals Gain in th¢ y¢pr At 31 D¢cewber 2023 712.889 577,887 (734.934) 41,059 596.901 712,889 577.887 (734.934) 41,059 596901 Historic Cost at 31 December2023 483 116 483 116 Historic eost at 31 December 2022 679.333 679.333 COMPANY Market Value Ai l January 2023 Acquisitions at COSt SalB proLee¢ls from disp05als Gain in the ye8r At 31 Dccwiber 2023 712.889 577.887 (734,934) 41,059 712.893 577.887 {734.934) 41.059 596 905 Hist1¢ cost at 31 D¢GebE[ 2023 483 116 483 120 HOriG st at 3E December 2022 679 333 679 337 All IEsted investD]ents are showiL every year at matket value. obtained from the invesLTn¢nt m&uageCllt worts. IDves¢mcnt8 are held pri]narily to provide aa Investment Return for the Charity. All listed investments arc UK listed sea]rities. The uldisted illycstments for th¢ company cijnsist of IOO/D of thc i55ued sbare capital of the ttading subsidiary. HarnJgat¢ Flow¢r Show Lite¢ a company incorporated in Eng]and and Wal¢5. sh£5 hdd in the subsidiary Harrogate Flower Show Limited are ordinary shaEes attd the charity contro[5 lo/0 ofthe voting right8. 21)23 2022 Aggregate capital and resetves (Loss)IPmfit in the year (311962) 47.870 (360,832) 8.746 Pa8¢ 19
THE NORTH OF ENGLAJND HORTICULTURAL SOCIETY (A REGISTERED CHARfTY LIMrrED BY GUARANfEE) NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14 DEBTORS GROUP COMPANY 2023 2022 2023 2022 Trttde debtors Other debtors Owed by group undertaking Prepayinents and acmied income 20,266 3,011 30,058 2.238 3,011 108.737 13.882 2,238 115.737 11.500 125 417 15 CREDITORS- AMOUNfs FALLING DUE WITHIN OP4E YEAR GROUP COMPANY 21n3 2022 2023 2022 Bank loans aud overdraft Other tax and social security costs Accrued expense5 alld deferred incomt Tra& Lteditors 50.000 21,574 225,925 S0.UOO 18,974 229.605 117.003 415 582 21,370 20.313 1.929 343 930 Defcrr£d incot comprises of advance ticket sales and trade stand bookings related to the Spring 224 FEow¢r Show ts> bc held ill April 2024. 2023 2022 Balauce 85 at L Jalluary Amount released to in¢om¢ from wmm¢rcial traiiitig OPErations Amount deferTed in the year Balomce as at 31 Decetnber 226,317 (226.317) 221,725 221,725 172,491 (172.491) 226.317 226.317 16 CREDITOR&AMouNfs FALLENG DUE AFTER MORE THAN ONE YEAR GROUP COMPANY 2023 2022 2011 2022 Ballk loalls- 1-2 years Bank loans- 2-5 year5 50,000 50.000 66,668 116668 The 108D is a Comnavitus B$ineSS Inlemiption Loan. This carrics a govern[[1 gllaralltee For £200.000. The balanc¢ is w18Eed. 17 OPERATING LEAS&GROUP Th¢ total of futur¢ minimf]m lease payments under non-cancellable operaling l¢as¢3 are: 2023 2022 Not later th8n one y¢aT.' Lat¢T thau (e year artd not l*er tba five ye8n.' Later t]L8n five yean". 243.889 32.640 42.840 319.369 173.200 100.440 51.000 324.040 18 TAXATIOP4 Tb¢ tpx eharg¢ on Attcoming resources for the Ye wa5 a5 follows.. 2023 2022 Cutrent t&¥.. The ¢oJnpany, as a r¢gi5t¢r¢d ¢lwrity, is exe]npi from ttiOn. The thge above rejates entirely to the company's Subsidiary ndert8kin Page 20
THE NORTH OF ENGLAP4D HORTICULTinL4L SOCIETY (A REGISTERED CHèKRtTY.LIMITED BY GUARANTEE) NOTES TO THE FINANCtAL STATEMEPnS FOR THE YEAR ENDED 31 DECEMBER 2023 18 TfyLXATION- ¢ontlDued 2023 2022 Subsidiary tax reeoncllladon Profitlooss) ¢)n ordtnary activities before tax {se¢ note 9) ProfiUOoss} on ordinary a¢tivitie5 mujtiplicd by thc standard rnte of corporatioll tax in the UK (19V.) Effects of.. Donation to parettt charity Loss carried forward Loss to cany forward agaiDSt fiTtute profits 9,095 1,662 (9,095) {l.662) 19 ANALYSIS OF CHARrrABLE FUNDS ANALYSIS OF UNRESTIUCTKD FUNDS OF THE CEIARrrY GROUP Subsidiary trgdin% funds G¢n¢r41 D1gad Tot&1 B8lan¢¢ at l January 2023 Income Exp¢Dditur¢ Gain5 and IossC5 Reclwification (360.830 1.432.096 (1.384,226) 871.893 24.978 {191,200) 41,059 511.057 1.457.074 (1.575,426) 41,059 BalJ4ce at 31 December 2023 31 96 746 733 433 767 COMP General De51En4ted Total Ba]an at l January 2023 tDGOttke Expendittwe Gpin5 and loss Rec1&8sificatiOD 871.893 24,978 (191.200) 41.059 871.893 24.978 {191,200) 41.059 Balanc¢ at 31 D¢G¢wbEr 2023 746 733 ANALYSIS OF UNRESTRicfED FUNDS OF THE CHARrrY. PREVIOUS YEAR GROUP Sub&idi4ry tradin% fullds G¢u¢ral Designated Tot Balance at l January 2022 (369,583) 1.386,107 (1,377,360) 508,232 30.723 {264,755) (152,307) 750.000 750.000 888.649 1,416,830 (1.642.115) (152,307) Expenditure Gatns and1055¢S Reclassificatiott (750.000) Balaoce at 31 December 2022 360 836 871893 511057 Page21
THE f40RTH OF ENGLAND HORTICULTUIL4L SOCIETY (A REGISTERED CHARITY LIMITED BY GUAK4KfEE) NOTES TO TE FINANCIAL STATENTs FOR THE YEAR ENDED 31 DECEMBER 2023 19 ANALYSIS OF CHARITABLE FUNDS- eontinued COhfPANY GeDeral D¢signated TotAi BaLance at l January 2022 IncoJn¢ Expenditure GAiDs and losses Reclassification 508,232 30.7 (264.75S) (152,307) 750,000 750.000 1,258,232 30,723 (264.755) (152,307) (750,000) Balance at 31 December 2022 871893 871 893 In a¢¢L71dance with the Charity's Reserves Policy, set out ill the 'Council of Management's Report on the Group Accounts, on page 4, the Council of Management have decided to att18aat¢ the previously d¢siguated fi(L8 with gellttai fids. io apply froEn 31 De¢emb¢r 2022. 20 RELATED PARTY TIL4NSACTIONS The society ha5 rented offi¢¢ space fro Newby Hail to the value of £20.763 (2022:£18,700). L Comptoll is employcd by Newby Hall, a sole traditig business I)pated by her hballd IR Compton). At the balance sheet date, £2,258 (2022.. £nil) is outstandin& Page 22