2022-12-31-accounts - The British Deer Society

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Trustee/Directors' Annual Report
Administrative Details ofthe Society, Trustee/Directors		and Advisors
Structure, Governance and Management			3to 6
Objectives and Activities
Achievements and Performance
Plans for Future Periods
Financial Review			9to10
Chairman's Report			11 to 12
Statement ofTrustee/Directors'	Responsibilities
Independent Examiners Report			14to 15
Consolidated Statement of Financial Activities			16to 17
Consolidated and Charity Balance Sheets			18to 19
Consolidated Statement of Cash Flows			20 to 21
Notes to the Financial Statements			22 to 46

			Unrestricted	Restricted	Designated	Total
		Note	funds	funds	funds	2022
					F
Income and Endowments		from:
Donations and legacies		3	353,682	18,750		372,432
Charitable activities			330,489			330,489
Other trading activities		5	62,843			62,843
Investment income		6	17,636			17636
Total income			764 650	18,750		783,400
Expenditure on:
Raising funds			(313,881)	(7,810)		(321,691)
Charitable activities			449,595	10,940	21,870	482 405
Total expenditure			(763,476)	(18,750)	(21,870)	(804,096)
Net gains/(losses)	on
investment assets			676			676
Net income/(expenditure)			498		21,870	21,372
Net movement in funds			498		(21,870)	(21,372)
Reconciliation of	funds
Total funds brought	forward		742,755	89,588	43,497	875 840
Total funds carried	forward	22	743,253	89,588	21 627	854,468

202 i Compar	ison	Accou	nts
			Unrestricted	Restricted	Designated	Total
			funds	funds	funds	2021
		Note	F			E
Income and Endowments		from:
Donations and legacies		3	415,160	39,380		454,540
Charitable activities		4	204,570			204,570
Other trading activities		5	65,091			65,091
Investment income		6	13,575			13,575
Total income			698,396	39,380		737,776
Expenditure on:
Raising funds			(185,630)	(32,386)	(5,451)	(223,467)
Charitable activities			471,097		9549	480,646
Total expenditure			(656,727)	(32,386)	(15,000)	(704,113)
Net gains/(losses)	on
investment assets			70,289			70289
Net income / (expenditure)			111958	6,694	15,000	103,952
Net movement in funds			111,958	6,994	(15,000)	103,952
Reconciliation of	funds
Total funds brought	forward		630,797	82,594	58497	771,888
Total funds carried	forward	22	742,755	89,588	43,497	875 840

31 December		2022
					2022	2021
				Note
Fixed assets
Intangible assets				14	3,149	12,608
Tangible assets				15	21,420	16,700
Investments				16	511,259	633,135
					535,828	662,443
Current assets
Stocks				17	4,327	15,921
Debtors				18	16,699	21,509
Cash at bank and	in	hand		19	392,982	355,226
					414,008	392,656
Creditors: Amounts		falling due within one year		20	93,471	174,094
Net current assets					320 537	218,562
Total assets less	current		liabilities		856 365	881 005
Creditors: Amounts		falling due after more than one		year 21	1,897	5,165
Net assets					854,468	875,840
Funds ofthe group:
Designated funds					21,627	43,497
Restricted income funds
Restricted funds					89,588	89,588
Unrestricted income		funds
Unrestricted funds					743,253	742,755
Total funds				22	854,468	875,840

31 December	2	022
					2022	2021
				Note
Fixed assets
Intangible assets				14	3,149	12,608
Tangible assets				15	21,420	16,700
Investments				16	511,259	633,135
					535,828	662 443
Current assets
Stocks				17	4,327	2,306
Debtors				18	19,878	22,904
Cash at bank and	in hand			19	390,482	352,720
					414,687	377,930
Creditors: Amounts		falling due within one year		20	94,150	169,418
Net current assets					320,537	208 512
Total assets less	current		liabilities		856,365	870,955
Creditors: Amounts		falling due after more than one		year 21	1,897	5,165
Net assets					854,468	865,790
Funds ofthe charity:
Designated funds					21,627	43,497
Restricted income funds
Restricted funds					89,588	89,588
Unrestricted income		funds
Unrestricted funds					743,253	732,705
Total funds				22	854,468	865790

Year Ended 3'i December 20	22
		Note	2022 E	2021f
Cash flows from operating activities
Net cash income/(expenditure)			(21,371)	103,952
Adjustments to cash flows
Depreciation		13	10,987	10,272
Amortisation		13	9,459	16,416
Loss/(profit) on sale offixed assets			(13,664)
Revaluation of investments			(7,545)	(63,309)
investment income			17,636	13,575
			(39,770)	53,756
Working capital adjustments
(increase) / decrease in stocks		17	11,594	(6,365)
Decrease/(increase) in debtors		18	4,809	31,471
(Decrease)/increase in creditors		20	3,138	(36,500)
(Decrease)/increase in deferred income			87,030	22,038
Net cash flows from operating activities			107,259	64 400
Cash flows from investing activities
Purchase of intangible fixed assets		14		(9,261)
Purchase oftangible fixed assets		15	(16,540)	(4,359)
Sale oftangible fixed assets			14,500
Purchase of investments			(50,061)	(36,406)
Proceeds from sale of investments			179,480	14,320
income from dividends			17,636	13,575
Net cash provided by (used in) investing	activities		145,015	22,131
Cash flows from financing activities
Net increase in cash and cash equivalents			37,756	42,269
Cash and cash equivalents at 1 January			355,226	312,957
Cash and cash equivalents at 31 December			392,982	355,226

Year Ended 33 Decem	ber 20	22
				2022	2021
			Note	E
Cash flows from operating activities
Net cash income/(expenditure)				(11,321)	103,952
Adjustments to cash flows
Depreciation			13	10,987	10,272
Amortisation			13	9,459	16,416
Loss/(profit) on sale offixed assets				(13,664)
Revaluation of investments				(7,545)	(63,309)
Investment income				17,636	13,575
				(29,720)	53,756
Working capital adjustments
(Increase) / decrease in stocks			17	(2,021)	(847)
Decrease/(increase) in debtors			18	3,024	39,422
(Decrease)/increase in creditors			20	8,494	(49,975)
(Decrease)/increase in deferred income				87,030	22 038
Net cash flows from operating	activities			107,253	64,394
Cash flows from investing activities
Purchase of intangible fixed assets			14		(9,261)
Purchase oftangible fixed assets			15	(16,540)	(4,359)
Sale oftangible fixed assets				14,500
Purchase of investments				(50,061)	(36,406)
Proceeds from sale of investments				179,480	14,320
Income from dividends				17,636	13,575
Net cash provided by (used in)	investing	activities		145,015	22,131
Cash flows from financing activities
Net increase in cash and cash	equivalents			37,762	42,263
Cash and cash equivalents at	1 January			352 720	310,457
Cash and cash equivalents at 31 December				390,482	352,720

residual value, ofea	ch asset evenly over its expected u	seful life: as follows:-
Asset class		Depreciation	method	and rate
Computer equipment		3years
Office equipment		5 years
Films and library		5 years
Show equipment		5 years
Motor vehicles		5years
Leasehold premises	over the period ofthe lease	4 years
Equipment held by branches		up to 5 years

		Unrestricted
		funds	Restricted	Total
		General	funds	2022
			E	E
Donations and legacies;
Subscriptions		285,778	-	285,778
Donations		11,643		11,643
Gift aid tax recovered		53,576		53,576
Sponsorship	receivable
Lonsdale Trust income receivable		2,685		2,685
Lonsdale Trust grant			18,750	18,750
Legacies
		353,682	18,750	372,432

			Unrestricted
			funds	Restricted	Total
			General	funds	2021
					E
Donations	and legacies;
Subscriptions			338,065		338,065
Donations			20,594		20,594
Giff aid tax recovered			54,146		54,146
Sponsorship		receivable
Lonsdale	Trust income receivable		2,355		2,355
Legacies				39,380	39,380
			415,160	39,380	454,540

4 Inco	me from charitable activities
		Unrestricted
		funds	Total
		General	2022
			E
Training	income	291,093	291,093
Branch	activities	39395	39,395
		330,488	330,488
		Unrestricted
		funds	Total
		General	2021
			E
Training	income	203,170	203,170
Branch	activities	1,400	1 400
		204 570	204,570

5 Inco	me from other trading activities
		Unrestricted
		funds	Total
		General	2022
		f.
Fundraising		24,049	24,049
Trading	income	38,794	38,794
		62,843	62,873
		Unrestricted
		funds	Total
		General	2021f
Fundraising
Trading	income	65 091	65,091
		65,091	65,091

6 Invest	men	t	incom	e
						Unrestricted
						funds	Total
						General	funds
							f,
Income from		dividends;
Dividends	receivable			from other listed investments		17,636	17,636
Total for	2022					17,636	17,636
						Unrestricted
						funds	Total
						General	funds
						E	F
Income from		dividends;
Dividends	receivable			from other listed investments		13,575	13575
Total for	2021					13,575	13,575
7 Expenditure			on raising funds
				Unrestricted
				funds	Restricted	Designated	Total
				General	funds	funds	funds
					E	F
Donations				32,714			32,714
Membership,		marketing
and data	management			242,373	7,810		250,183
Trading				38,794			38,794
Total for	2022			313,881	7,810		321,691
				Unrestricted
				funds	Restricted	Designated	Total
				General	funds	funds	funds
					F	F
Donations				25,350		1,604	26,954
Membership,		marketing
and data	management			95,189	32,386	3,847	131,422
Trading				65,091			65,091
Total for	2021			185,630	32,386	5,451	223,467

	Unrestricted
	funds	Restricted	Designated	Total
	General	funds	funds	funds
			E	E
Research and education	22,866		21,870	44,736
Technical and advisory	139,890	10,311		150,201
Media and publications	76,689			76,689
Training	184,600	629		185,229
Other activities	34,566			34,566
(Gain)/Loss on disposal	(13,664)			(13,664)
Deer initiative	4,648			4 648
Total for 2022	449,595	10,940	21,870	482,405

	Unrestricted
	funds	Restricted	Designated	Total
	General	funds	funds	funds
	F		E
Research and education	111,907		1,190	113,097
Technical and advisory	93,359		6,418	99,777
Media and publications	105,272		1,063	106,335
Training	133,614			133,614
Other activities	23,428		637	24,065
Deer initiative	3,517		241	3,758
Total for 2021	471,097		9,549	480,646

				2022	2021
					E'
Independent	examination fees and other services			600	600
Governance	costs	of	subsidiaries	1,805	1,805
Legal and professional			fees	35	35
AGM and statutory		expenses		9,053	10,826
				11493	13,266

Support cos	ts all	ocate	d to	raising funds
					Governance	General	Total	Total
				Basis of	costs	support	2022	2021
				allocation			E	E
Salaries and	related costs			Allocated based upon time		137,722	137,722	115,177
General office expenses				Allocated based upon usage		123,912	123,912	93,009
Accountancy	fees			Governance	2,405	15,405	17,810	14,165
Legal and professional			fees	Governance	35		35	35
AGM and meeting		expenses		Governance	9,053		9,053	10,826
					11,493	277,039	288,532	233,212

		2022	2021
Gross salaries		284,860	267,559
Employers National	Insurance	31,088	26,910
Pension Contributions		14,878	11,330
Total staff costs and	emoluments	330,826	305,799

of2022.	,		,
						2022	2021
During the year the following			number	ofemployees	accrued retirement
benefits	under the	Money	Purchase Scheme
During the year the following			number	ofemployees	accrued retirement
benefits	under the	SIPP Scheme
13 Net income
						2022	2021
Net income	is charged	with the following costs				E	F
Depreciation						10,987	10,272
Amortisation						9,459	16,416
Fees for accountancy		and other services				2,400	2,400
						22,846	29,088

Group
	Website		&other
	intangible		asset	Total
			E
Cost
At 1 January 2022		110,445		110,445
Additions
At 31 December 2022		110,445		110,445
Amortisation
At 1 January 2022			97,837	97,837
Charge for the year			9,459	9459
At 31 December 2022		116,076		116,076
Net book value
At 31 December 2022			3,149	3 149
At 31 December 2021			12,608	12,608
Charity
	Website	&other
	intangible		asset	Total
			F	E
Cost
At 1 January 2022	110,445			110,445
Additions
At 31 December 2022	110,445			110445
Amortisation
At 1 January 2022			97,837	97,837
Charge for the year			9,459	9,459
At 31 December 2022	107,296			107,296
Net book value
At 31 December 2022			3,149	3,149
At 31 December 2021			12,608	12,608

15Tangible fixed asset	s
	Land and	Training	Motor	Computer	Office	Branch
	buildings	equipment	vehicles	equipment	equipment	assets	Total
		E				F
Cost
At 1 January 2022	102,619	30,154	24,883	25,743	27,436	54,835	265,670
Additions		1,167		3,340	2,850	9,185	16,542
Disposals	1,233	8,399	24,883	6,423	13,058		53996
At 31 December 2022	101386	22 922		22,660	17,228	64,020	228,216
Depreciation
At 1 January 2022	102,619	29,815	19,868	24,599	25,638	46,431	248,969
Charge for the year		431	4,179	1,748	1,101	3,528	10,987
Eliminated on disposal	1,233	8,399	24,047	6,423	13,059		53 160
At 31 December 2022	101,386	21,847		19,924	13,680	49,959	206 796
Net book value
At 31 December 2022		1,075		2,736	3,548	14,061	21 420
At 31 December 2021		339	5,015	1,144	1,798	8,404	16,700

	Land and	Training	Motor	Computer	ONce	Branch
	buildings	equipment E	vehicles E	equipment	equipment f	assets	Total E
Cost
At I January 2022	102,619	30,154	24,883	25,743	27,436	54,835	265,670
Additions		1,167		3340	2 850	9,185	16542
Disposals	1 233	8,399	24,883	6,423	13,058		53 996
At 31 December 2022	101,386	22,922		22,660	17,228	64,020	228 216
Depreciation
At 1 January 2022	102,619	29,815	19,868	24,599	25,638	46,431	248,970
Charge for the year		431	4,179	1,748	1,101	3,528	10,987
Eliminated on disposal	1 233	8 399	24,047	6423	13,059		53,161
At 31 December 2022	101,386	21 847		19,924	13,680	49 959	206,796
Net book value
At 31 December 2022		1 075		2,736	3548	14061	21,420
At 31 December 2021		339	5,015	1,144	1,798	8,404	16,700

Group
	2022	2021
		F
Other investments	511,259	633,135
Other investments
	Listed
	investments	Total
	F
Cost or Valuation
At 1 January 2022	633,135	633,135
Additions	50,061	50,061
Disposals (OMV)	(196,599)	(196,599)
Revaluation	24 662	24,662
At 31 December 2022	511259	511,259
Net book value
At 31 December 2022	511,259	511,259
At 31 December 2021	633,135	633,135

Notes to the Financial Statements Year Ended 31 December 2022
Charity
	2022	2021
	E	F
Other investments	511,259	633,135
Other investments
	Listed
	investments	Total
		F
Cost or Valuation
At 1 January 2022	633,135	633,135
Additions	50,061	50,061
Disposals (OMV)	(196,599)	(196,599)
Revaluation	24,662	24,662
At 31 December 2022	511,259	511,259
Net book value
At 31 December 2022	511,259	511,259
At 31 December 2021	633,135	633,135
17Stock

17Stock
		Group		Charity
	2022	2021	2022	2021
		E
Stocks	4,327	15,921	4,327	2,306
18Debtors
		Group		Charity
	2022	2021	2022	2021
Trade debtors	121	1,241	121	270
Due from group undertakings			3,179	2,366
Prepayments	16,578	20,268	16,578	20,268
VAT recoverable
Other debtors
	16,699	21 509	19878	22,904

19Cash	and cash equivalents	and cash equivalents	and cash equivalents
					Group		Charity
				2022	2021	2022	2021
						E
Cash at	bank			392,982	355,226	390,482	352,720
20 Creditors: amounts			falling due	within one year
					Group		Charity
				2022	2021	2022	2021
					f,	E	F
Trade creditors				15,192	14,245	15,192	13,513
Due to group undertakings
Other taxation		and social
security				8,806	16,915	10,985	14,471
Life subscription		fund		3,268	3,268	3,268	3,268
Other creditors				475	526	475	526
Accruals				20,620	7,000	19,120	5,500
Deferred	income			45,110	132,140	45,110	132,140
				93,471	174,094	94,150	169,418
21 Creditors: amounts			falling due	after one year
					Group		Charity
				2022	2021	2022	2021
				F	f.	E
Life Subscription		fund		1,897	5,165	1,897	5,165
				1,897	5,165	1,897	5,165

Group
		Balance at 1		Incoming	Resources	Balance at 31
		January	2022	resources	expended	December 2022
			F	E	f,
Unrestricted	funds
General		742,755		764,650	(764,152)	743,253
Restricted	funds		89,588	18,750	(18,750)	89,588
Designated	funds
Expendable			43,497		21,870	21,627
Total funds		875,840		783,400	804,772	854,468
		Balance at 1		Incoming	Resources	Balance at 31
		January	2021	resources	expended	December 2021
			E	E	E
Unrestricted	funds
General		630,797		768,685	(656,727)	742,755
Restricted	funds		82,594	39,380	(32,386)	89,588
Designated	funds
Expendable			58,497		15,000	43,497
Tota I funds		771,888		808,065	704,113	875,840

Charity
		Balance at 1	Incoming	Resources	Balance at 31
		January 2022	resources	expended	December 2022
		E		F
Unrestricted	funds
General		732,705	725,856	(715,308)	743,253
Restricted	funds	89,588	18,750	(18,750)	89,588
Designated	funds
Expendable		43,497		21,870	21,627
Total funds		865,790	744 606	755,928	854,468
		Balance at 1	Incoming	Resources	Balance at 31
		January 2021 E	resourcesf	expended E	December 2021
Unrestricted	funds
General		620,747	742,030	(630,072)	732,705
Restricted funds		82,594	39,380	(32,386)	89,588
Designated	funds
Expendable		58,497		15,000	43,497
Total funds		761,838	781,410	677,458	865,790

Group
				Total funds at
	Unrestricted funds		Restricted	31 December
	General	Designated	funds	2022
	E	F
Intangible fixed assets	3,149			3,149
Tangible fixed assets	21,420			21,420
Fixed asset investments	511,259			511,259
Current assets	302,793	21,627	89,588	414,008
Current liabilities	(93,471)			(93,471)
Long term liabilities	1,897			1,897
Total net assets	743,253	21,627	89,588	854,468
				Total funds at
	Unrestricted funds		Restricted	31 December
	General	Designated	funds	2021
Intangible fixed assets	12,608			12,608
Tangible fixed assets	'I6,700			16,700
Fixed asset investments	633,135			633,135
Current assets	244,845	43,497	89,588	377,930
Current liabilities	(169,418)			(169,418)
Long term liabilities	5,165			5,165
Total net assets	732 705	43,497	89,588	865,790

Charity
				Total funds at
	Unrestricted funds		Restricted	31 December
	General	Designated	funds	2022
	E		F	E
Intangible fixed assets	3,149			3,149
Tangible fixed assets	21,420			21,420
Fixed asset investments	511,259			511,259
Current assets	303,472	21,627	89,588	414,687
Current liabilities	(94,150)			(94,150)
Long term liabilities	1,897			1,897
Total net assets	743,253	21,627	89,588	854,468
				Total funds at
	Unrestricted funds		Restricted	31 December
	General	Designated	funds	2021
		F	E
Intangible fixed assets	12,608			12,608
Tangible fixed assets	16,700			16,700
Fixed asset investments	633,135			633,135
Current assets	244,845	43,497	89,588	377,930
Current liabilities	(169,418)			(169,418)
Long term liabilities	5 165			5,165
Total net assets	732,705	43,497	89,588	865,790

25 Comm	ercial trading	operations and investment in tra	ding subsidiaries	ding subsidiaries
			BDS(S&S)Ltd
			2022	2021
Total income			38,794	65,091
Less direct expenditure			25,057	40,307
Gross profit			13,737	24,784
Administrative costs			13,737	24,334
Profit/loss	before interest	and taxation		450
Interest				(450)
Profit after interest and taxation
Donation	to parent under	Gift Aid	10,050
Retained	in subsidiary
			BDS(S&S)Ltd
			2022 E	2021f
Retained	profit for the financial year
Balance brought forward		at 1 January 2022	10,050	10,050
Donation	to parent under	gift aid	10,050
Retained	in subsidiary			10,050

The asse	ts and liabilities ofthe subsidiary was a	s follows:	s follows:
		BDS(S&S)Ltd
		2022	2021
		E
Fixed assets			13,615
Net current assets		2,179	971
Cash		2,500	2,506
Creditors	& 1 year	4,679	7,042
Total net	assets		10,050