The British Deer Society
(A company limited by guarantee)
Annual Report and Financial Statements
Year Ended 31 December 2023
A Charity Registered in England & Wales
Charity No 1069663
A Charity Registered in Scotland
Charity No SC037817
Company No 03485785
*ADOUV08H•
1210412024
COMPANIES HOUSE
A4
#175

The British Deer Society
Contents
TrusteelDirectors' Annual Report........................................................
ADMINISTRATIVE DETAILS OF THE SOCIETY, TRUSTEEIDIRECTORS, AND
ADVISERS.......
THE STRUCTURE, GOVERNANCE AND MANAGEMENT OF THE SOCIETY.......................
OBJECTIVES AND ACTIVITIES....................................................................................................
ACHIEVEMENTSAND PERFORMANCE....................................................................................
PLANS FOR FUTURE PERIODS...........
FINANCIAL REVIEW...........
CHAIRMAN'S REPORT..
STATEMENT OF TRUSTEEIDIRECTORS RESPONSIBILITIES..........................................
INDEPENDENT EXAMINER'S REPORT...
.12
Statement of Financial Activities for the Year Ended 31 December 2023.................................14
Balance Sheet as at 31 December 2023........................................................................................16
' Statement of Cash Flows for the Year Ended 31 December 2023......................................
.17
.Notes to the Financial Statements...................................................................
18to36

The British Deer Society
TrusteelDirectors' Annual Report
Year Ended 31 December 2023
ADMINISTRATIVE DETAILS OF THE SOCIETY, TRUSTEEIDIRECTORS, AND ADVISERS
THE ADDRESS OF THE CHARITY
Registered office.. The Walled Garden. Burgate Manor, Fordingbridge, Hampshire, SP6 1EF
DETAILS OF THE GOVERNING DOCUMENT
The Articles ofAssociation as amended May 2012
NAMES AND ADDRESSES OF RELEVANT ORGANISATIONS AND PERSONS
Company Secretary
Mrs. S. J. Stride, The British Deer Society,
The Walled Garden, Burgate Manor, Fordingbridge, Hampshire. SP6 1EF
Bankers
Barclays Bank, Mid Thames Group,
PO Box 27, Reading, RG212HD
Sollcltors
Virgin Money, Timor House, Mariner Court,
Clydebank, G812NR
Wilsons, Alexandra House, St Johns Street,
Salisbury SP12S8
Accountants
Francis Clark LLP, Hilchcock House, Hilltop Park, Devizes Road, Salisbury, SP3 4UF
Independent Examiner
Geoffrey Thomas, Fletcher & Partners, Chartered Accountants & Registered Auditors
Crown Chambers, Bridge Street, Salisbury, Wiltshire, SP12LZ
DETAILS OF THE TRUSTEEIDIRECTORS
The Society is a company limrted by guarantee and the serving TrusleelDirectors are the individual
guarantors in the sum of £10-00 each.
The TrusteelDirectors in office throughout the period from 181 of January 202310 31￿ December 2023
(unless stated otherwise) and since the year-end lo this report date were as follows..
Lord Andrew Hay- President
Mr Hugh van Cutsem- Chairman
Mr Dominic Griffrth- Vice Chairman (resigned 14 May 2023)
Mrs Sarah Gubbins- Treasurer
Mr John Bruce-Area Chaiman, Scotland (resigned 1 July 2023)
Dr Morris Charllon- Area Chaimian, England and Wales
Prof. Simon Gibson
Mrs Dorolhy Ireland (resigned 31 December 2023)
Mr Alistair Monkman- Area Chairman, Scotland (2 July 2023)
Mr Leigh Welch (resigned 14 May 2023)

The British Deer Society
Trustee/Directors' Annual Report
Year Ended 31 December 2023
THE STRUCTURE, GOVERNANCE AND MANAGEMENT OF THE SOCIETY
ADDRESS AND REGISTERED CHARITY NUMBERS
THE BRITISH DEER SOCIETY, The Walled Garden, Burgate Manor, Fordingbridge, Hampshire, SP6
1EF
A company limited by guarantee.
The Society headquarters are al Fordingbridge.
The Society is regislered as a Charity with The Charity Commission for England and Wales Charity
Registration Number 1069663.
The Society is also registered as a Charity registered in Scotland with the Office of the Scottish Charity
Regulator SC037817.
DETAILS OF THE GOVERNING DOCUMENT
The Articles ofAssociation approved by the Charity Commission and registered at Companies House,
last amended May 2012.
HOW THE SOCIETY IS CONSTITUTED
THE BRITISH DEER SOCIETY is constituted as a Company Limited by Guarantee, registered Number
3485785.
RECRUITMENT, APPOINTMENT AND TRAINING OF TRUSTEEIDIRECTORS
The President and Chairman are elected annually by the general membership. One third ofall the other
TrusteelDirectors retire each year but are eligible for re-election. They are elected by the general
membership with the exception of the Chairman of the English and Welsh Area Council {Incorporating
Northern Ireland). a position currently held by Dr Morris Charlton and the Chairman ofthe Scottish Area
Council currently Alistair Monkman.
These two TrusteelDirectors are elected Area Chairmen by their respective Area Councils at the Area
Council AGM and hold office as TrusteelDirectors by virtue of that appointment. As sel out above, the
English and Welsh Area Council and the Scottish Area Council are enlitled lo nominate their chairman
for the time being as a Trusleeloireclor for the period for which they hold the office of Area Chairman.
TrusteelDirectors are nominated based on their experience, empathy, and professional skills to ensure
the composition of the Board supports the needs of the charity. TrusteelDirectors receive copies of the
governing documents and information on Charity and Company Law and are encouraged to read
information held on the England and Wales Charity Commission and the Office of the Scottish Charity
Regulator web siles. Links lo new English and Welsh and Scottish Charity information is also made
available to the TrusteelDirector$.
An introductory pack offinancial information, budget packs and quarterly financial reports are also made
available to potential and new TrusteelDirectors. TrLtsteelDirectors are offered additional training lo help
them undertake their dulie5.
The Society is a member of National Council of Voluntary Organi5ations [NCVOI which issues
regular infomalion and provides training and support on matters of concern to charitable and other not
for profit organisalions.
CORPORATE GOVERNANCE
The Board meets on a regular basis, at least 6 time per year, primarily bi-monthly online meetings and
has at least one annual face to face meeting whenever possible. The Board is supported by a number
of sub-board groups with responsibilities for Finance, Policy, Science & Research. Education,
Training. Marketing and Communications. Additional work continues be￿een online meeling and

-The British Deer Society
TrusteelDirectors' Annual Report
Year Ended 31 December 2023
email. The Board is responsible for setting policy, agreeing business plans and budgets, overseeing
sub- boards, publishing an annual report and accounts, managing risks, directing and overseeing the
work of the CEO and Management Team.
The CEO and Management Team are responsible for implementing policy and delivering the charity's
objeclives, financial management, developing new initiatives, setting largels and monitoring progress,
making and maintaining links with partner organisations, supporting research. They contribute to
regional and national developmen15 and respond to deer-related issues, promoting ihe society's
activrties while protecting and enhancing its reputation.
OTHER RELATED PARTIES
THE LONSDALE TRUST
The Society is entitled to nominate all the TrusteelDirectors of the Lonsdale Trust, a grant making
Charity with similar aims to The British Deer Society. The British Deer Society currently receives all the
income from the Lonsdale Trust. This is specifically allocated to the Designated Research and
Education Funds. The British Deer Society meets the administrative expenses of the Lonsdale Trust.
DEER MANAGEMENT QUALIFICATIONS LTD
The British Deer Society also nominales a Director to the Board of Deer Management Qualifications
Ltd, a non-charitable Company Limited by Guarantee, which sets the National Standards in Ihe humane
management of deer with the rifle.
The British Deer Society meets all the out-of-pocket expenses of the Nominee Director. who receives
no remuneration or expenses from Deer Managemenl Qualifications Ltd.
The British Deer Society is a member of several collaboralive organisalions.
The British Deer Society Chairman is an ex Off￿10 Trustee of the Kenneth Whitehead Trust at Durham
University.
RISK MANAGEMENT POLICY
The Society's TrusteelDirectors take a responsible view of risk management, and in accordance with
the provisions of FRS 102 SORP {Stalement of Recommended Practice) Accounting for Charities,
examine major risks to which they consider the Society might be exposed, reviewing and putting in
place systems and procedures to manage and mitigate them. The process is recorded in a risk register
which is subject to regular review by the board.
INVESTMENT POLICY AND INVESTMENT REVIEW
The specific investment powers of the Society are contained in the Articles of Association as follows..
Paragraph 3{10}'.
To invest the money of thé Society not immediately required for its Objects in or on such investments,
securities or property as may be Ihought fit, subject nevertheless lo such conditions lif any) and such
consents {rf any) as may for the time be imposed by law and subject also as provided below.
The Society's investment policy can be summarised as follows..
1. To invest the current liquid assets for security of capital and income.
2. To deposil cash in banks covered by the FSCS deposit protection guarantee scheme.
3. For longer term investments to invest with reputable investment brokers.
4. To distribute the income to further the Objects ofThe British Deer Society.

The British Deer Society
TrusteelDirectors' Annual Report
Year Ended 310ecember 2023
FUNDS POLICY
The reserve policy is based on an assessment of risk to future income flows. The aim is that there
should be a minimum level of liquid reseNes of at least £400,000 which equates to at least 6 months
expenditure.
The Education and Research designated funds were set up to sponsor these specrfic activities of the
Society and to attract grants from other individuals and bodies for the purposes ofsponsoring education
and research into deer related matters. Currently an amounl may be transferred to the funds,
representing the investmenl income receivable by the Society plus the income granted by the Lonsdale
Trust It does not include any interest receivable by the branches, nor any interest allocated to the
Restricled Fund.
JIM Taylor Page Restrl¢ted Fund
The fund originated from the receipt of a legacy from the estate of Jim Taylor Page in 2000. which was
matched by an equal transfer from the unrestricted general fund of the Society The purpose of the Jim
Taylor Page Restricted Fund is for the income from this fund to be used for yearly bursaries within the
educational field.
Legacy Endowment Fund
The Board agreed that from 1st January 2022 all future legacies should be credited lo Legacies
Endowment- Restricted Fund. The income, and if necessary, the capital, may be used lo cover costs
aligned with the charitable objectives of the Society, including IT, Training, Educational Research, and
limited central charity costs.
These policies are reviewed annually.
GRANT MAKING POLICY
The Society is interested in making grants in connection with the furtherance of knowledge in
accordance with objects of The British Deer Society.
OBJECTIVES AND ACTIVITIES
A SUMMARY OF THE 08JECTS OF THE SOCIETY AS SET OUT IN THE GOVERNING DOCUMENT
The Articles of Ass￿lation, as amended May 2012, is the Goveming Document of the Society.
The principal objects of the Society are..
1. The promotion in the public interest of research into the habits of and the scientrfic study of deer in
the British Isles with particular reference to their relationship to the natural habitat, forestry,
agriculture and areas to which the public have access.
2. The promotion in the public interest knowledge of methods of management humane treatment and
humane control of deer.
3. For the promotion of the foregoing primary objects the Society shall have power.
a. To formulate, publish and disseminate f8clual information, expert reports and other educational
material on deer, their ecology and environment.
b. to fomulale and publish standards of human behaviour in the treatment of deer deS￿ned to
secure by voluntary observance the elimination of avoidable cruelty.
c. lo secure by publication, laying information or by prosecution of offenders or in any other la￿ul
manner. the due observance of the provisions protective of deer contained in the Deer Act
1991, The Deer {Scotl8nd) Act 1996 or any other or subsequent legislative enactment for the

The British Deer Society
TrusteelDirectors' Annual Report
Year Ended 31 December 2023
time being in force applicable to deer and intended by Parliament to prohibit avoidable cruelty
including the illegal taking of deer in the close season.
d. to do all such acts as shall be conducive to Ihe promotion of the foregoing primary objects or
any of them provided always that nothing in these objects or powers or in any rule or regulation
forming part of the constitution of the Society shall aulhorize or pemiit the Society as a body
established exclusively for charitable purposes lo do any act or thing or apply any part of the
Society's funds to any purpose not recognized by law as charitable.
4. The Society is non-political and as such shall not engage in any party-political activity bul may do
all such other lawful things as are necessary for the achievement of the Society's objects saving
that it shall not advocate or adopt any policy for or against any lawful field sport.
PRIORITIES IN 2023:
In 2023, the Board of Trustees identified hvo primary obieclives. Firstly, they aimed to convene a face-
to-face purpose day in early Spring to initiate the process of refining the Society's vision and strategy.
Secondly, there was a strong emphasis on updating the current articles of association. The CEO was
asked to sel up the meeting to develop a new purpose, and in March 2023, this workshop took place,
resulting in the Society adopting a fresh purpose slalement.. "to educate and inspire everyone about
deer., Subsequently. in September. the CEO commenced the review of the articles of association. We
are pleased lo report that a new set of revised articles will be presented to the members at the May
2024 AGM.
ACHIEVEMENTS AND PERFORMANCE
In our 6(Mh year, the Charity set a goal to ensure that everyone had an opportunity to meet and
celebrate this remarkable milestone. The central team surpassed all their objectives, culminating in an
immensely successful 60th Anniversary Dinner, in November 2023, which raised over £100,000.
Our membership remains stable, and in 2023, we introduced a new monthly Direct Debit option to
assist bolh current and prospective members in managing their financial commitments. This
innovative payment service has garnered significant success, particularly in attracting a younger
demographic. With a commitment to doubling our membership by 2030, coupled with a revilalised
strategy, we are poised to achieve this ambitious target. Additionally. we are diligently working
towards launching a new online interactive digital journal and have secured a contract with a new
provider to tran511ion to this plattorm by October 2024. This initiative not only aims to minimise our
environmental impact but, in tandem with our newly Implemented flexible working policy, also
endeavours lo reduce our carbon footprint.
Our training initiatives remain robust and constitute a cornerstone of our charitable endeavours. In
2023, we successfully launched our inaugural online course. which has proven immensely popular
and has prompted us to invest in a new. fully integrated digital learning platform. Throughout the year,
we continued to refine and update our training programs, with our dedicated training team
unwaveringly committed lo delivering excellence.
Tralnlng Income:
In the past few years, we've observed significanl variances in our annual training income. These
variances began in 2020, and we've since been diligently investigaling their causes. Our current
understanding attributes these variances to the Covid lockdown, during which we were unable lo
conduct any Iraining sessions. In 2021, we intensified our training efforts to address the backlog,
resulling in higher income figures. Additionally, in 2022. we adjusted deferred income, further
influencing the income figures. By 2023, we achieved a more realistic income figure of £177.2k.
Consequently, we've decided to revise our 2024 budget to ensure it aligns with achievable targets.

The British Deer Society
TrusteelDirectors' Annual Report
Year Ended 31 December 2023
Despite a delay in July 2023 due to unforeseen circumstances, the installation of a new Customer
Relations Management system {CRM) is n1￿ in its final stages and is anticipated to be fully
operational by Autumn 2024. Once implemented, this system will significantly enhance our staff s
efficiency and communication capabilities.
Our marketing efforts utilised a multifaceted approach. including social media, regular emails. and the
bi-weekly electronic newsletter, Deerbytes. lo disseminate updates and information to our branches.
members, and the wider public. Our quarterly journal. Deer, continued to provide a diverse array of
editorials, scientific research, alongside valuable feedback from our branches and members.
Throughout the year, our Technical Advisor and External Affairs team diligenlly responded to
numerous inquiries from various slakeholders, including media oullels, non-profits, businesses,
government bodies, and the general public. Notably, this included meeting with The Rl Hon Steve
Barclay MP, Secretary of State for Environment, Food, and Rural Affairs to discuss ways to
reinvigorate the venison market.
In Scotland, the BDS are going from strength to strength. In July, Alistair Monkman CBE, DL, MSC,
was appointed lo the Chair of the Scottish Area Council. Once appointed Alislair sel about bringing
everyone together to share and support each other. James Scott has 81so been working lo support
Alistair and the Scottish members and we are beginning to see the benefits of their work. Throughout
2023 James and Alistair communicated and engaged with our partners and the Scottish Government,
this has placed BDS Scotland in a primary position lo react and support deer management and deer
welfare in Scotland.
We are graleful to have received a substantial grant from The Berkeley Foundation to enhance our
educational services, particularly aimed at inner-city children. This funding will support the training of
our branch volunteers lo deliver field educational programs, furthering our mission to educate and
inspire.
In November, the CEO and his team unveiled the new 'Together for Deer, 6-year strategy, signalling
an exciting phase for our organisation. Throughout 2024, we will diligently work towards implementing
this aspiralional plan, seeking funding to support its execution. The Board will continue lo review the
strategy and sel new objectives for the central team. ensuring alignment with our overarching goals
and vision.
SIGNIFICANT ACTIVITIES CONTRIBUTING TO THE ACHIEVEMENT OF THE OBJECTIVES:
Throughout 2023 we implemented strategic initiatives aimed al allowing us to effectively reach our
goals while remaining within our financial resources. We made the difficult decision lo reduce our
participation in shows, transitioned to virtual meetings, initiated online training programs, and
scrutinised every expenditure for maximum impact.
Furthermore, recognising the need to diversrfy revenue streams, we welcomed a dedicated fundraiser
to our team in May 2023. This investment yielded positive outcomes, enabling us to not only meet but
exceed our financial targets for our 601h-anniversary celebrations. Our achievements were recognised
when we were honoured lo receive the Big Give's Outstanding Charity award for a noteworthy
fundraising campaign.
PLANS FOR FUTURE PERIODS
Looking ahead, we are poised to capitalise on our accomplishments with the launch of the 'Together
for Deerf 2024 to 2030 strategy. This forward-thinking blueprint sets out a comprehensive roadmap.
positioning the society as the foremosl authority on all matters conceming deer. We will be taking this
new slrategy lo all our 2024 events, lo help to communicate and promole the strategy and consolidate
our position as the primary organisation for the UK'S wild deer.

The British Deer Society
TrusteelDirectors' Annual Report
Year Ended 31 December 2023
FINANCIAL REVIEW FOR THE YEAR ENDED 31 DECEMBER 2023
The financial performance of the Sociely for 2023, as detailed in the attached pages, comprises the
consolidated financial slalements of The British Deer Society including all the Society's branches. The
financial results are presented in the same general format as in previous years. The support costs have
been reallocated over the direct charitable and other expenditure in accordance with the current best
practice for Charities and the FRS 102 SORP, and on a consistent basis to previous years.
The current economic climate resulting in higher costs have impacted the financial outcomes of the
Society throughout 2023. Huge efforts from our small staff leam, coupled with the generous support of
our branches, members, donors and partners has enabled us to cope with many ofthe challenges these
financial pressures presented. Our strong reserves position has enabled us to maintain our financial
slabilily for the future, however, we have introduced a new strategy to improve our outcomes.
Charlty- The Brltlsh Deer Society
In light of the ongoing economic challenges, this year has proven to be demanding for our Society. and
affecting our revenue generating initiatives. However, thanks to Ihe unwavering support from our valued
members, our subscription income remained robust. Additionally, our high-qualily training program
successfully trained over 696 individuals throughout the year, with some participants attending multiple
courses. We were extremely grateful to receive funding from the Berkeley Foundation. This money will
be used lo fund educational projects for inner-city and disadvantaged children.
In honour of our 60th anniversary. fundraising events were held at our branches, and we hosted a
special auction dinner in London, increasing our donation income signrficanlly. Moreover, we received
higher legacy income and a substanlial grant which contributed lo our funding income.
Overall, our total income for 2023 was £813,627 (2022 £744,606).
The Board and staff have been working extremely hard to minimise the impact of these challenges on
the Society and we continue to be confident that we will be able lo overcome the short-term operational
drfficullies that these challenges present and move foNard as a morefinancially sustainable operation.
We continue to recognise that administration costs generally, as well of those of membership, are a
significant element of the Society's oulgoings. We strive to contain and reduce costs where possible
whilst also improving financial information for efficient and effective management of the Society. This
includes additional non-financial information such as regular reporting on membership and training
numbers.
Our funds are held in Inveslment accounts Wlth a certain level remaining in bank deposit accounts lo
ensure we have adequate liquidity for our operations. Our portfolio generated unrealised losses of
£32,323 in the year. Our investments are monitored regularly, and the relevant risks considered by the
Board as and when necessary. We continue to make improvements to our working practices, enhancing
our financial and non-financial processes and systems, and enabling the Society to be more effective
and have more impact.
I would like to record my deepest appreciation to all the Society's stsff. volunteers and other individuals
whose collective conlributions have been instrumental in sustaining our position and have paved the
way for continued impact in 2024 and beyond.
ns
Treasurer

The British Deer Society
TrusteelDirectors' Annual Report
Year Ended 31 December 2023
Chairman's Report- 2023
As we reflect on the achievements and milestones of the past year. l am delighted to present the
Chairman's Report for 2023. We continue to expand our ongoing efforts in fostering deer welfare,
conservation, and community engagement and l am really pleased with the progress the Society has
made thanks to the hard work of all Ihe team at Fordingbridge.
l extend my heartfell gralilude to everyone who has contributed to the Society. This past year has
posed its challenges, and like many charitable organizations, the BDS is not immune to the current
financial climate. However, through diligent financial management, such as the board's commitment to
regular bi-monthly virtual Teams meetings, we have demonstrated an efficient and cost-effective
approach lo conducting business while upholding ever increasing governance standards.
A governance review day in early Spring 2023 prompted questions and reflections, guiding a
comprehensive review of the board and governance. The outcomes set during this process will
continue lo shape the BDS'S path into 2024, ensuring a solid foundation supported by strong
leadership and governance practices.
2023 marked a year of transilion as we bid fafewell to esteemed Board Members Dominic Griffith,
John Bruce, Dorothy Ireland and Leigh Welch. Their dedication and contributions have indelibly
mpacled the 8DS, and we express our sincere gratitude for their invaluable service. The board has
initiated the process of finding suitable replacements to fill the void left by these retirements. and w
eagerly anlicipale growing and developing the strength of our trustees throughout 2024 and beyond. It
is a core focus of mine and should be for 811 levels of leadership within the BDS, that we are nurturing
the future leadership of the Society.
2023 has been a busy year for deer and government strategy. In Scotland we awaited the government
response to the Deer Working Group recommendations and as I write there is a consultation in place
which we are working hard to pul in place a BDS response. It has been hugely pleasing 10 See how
the SAC members have worked with their Scottish branches and our Policy Officer and SAC Chair to
formulate 8 response. In England. whilst we await the release of the English Deer Strategy, the
Society, alongside our partners. remained actively engaged in advocaling for deer welfare. The
DEFRAIFC consultation provided a plattorm for the BDS to voice its stance, emphasising the
importance of humane deer management aligned with local environmental goals. In furtherance of our
advocacy efforts, our CEO and I have directly engaged in a number of meetings with ministers within
DEFRA, lo ensure that the BDS remains a key advocate for deer welfare and our members voices are
heard at the highest level of Government. We want to work with government to help them achieve
Iheir broader aims but it cannot be at the expense of welfare. Most importantly, and it seems that
slowly the penny is dropping with government, wilhoul an invigorated and thriving UK venison market,
then we will not see an increase in the annual UK deer cull. To achieve Ihis, it will need government
support, both strategic and financial.
Our training team accomplished yet another successful year, highlighted by the launch of our
inaugural online course. The overwhelmingly positive feedback received serves as a teslamenl to the
exceplional quality of BDS training programmes, positioning us to reach a broader audience than ever
before.
Recognising the imperative lo cultivate a more diverse membership base, we have redoubled our
efforts to disseminate our narrative far and wide. The appointment of Charlotte Corcoran to our
membership department underscores our unwavering dedication to enhancing engagement and
communications.
Moreover, the Board of Trustees remains steadfast in its commitment to investing in our core team.
ensuring that we have the right individuals equipped to propel the society fo￿ard.

The British Deer Society
Trustee/Directors' Annual Report
Year Ended 31 December 2023
In November, we celebrated our 60th anniversary with a memorable Diamond Dinner in London. This
event, combined with our end-of-year auction and the hugely successful Big Give fundraising
campaign, collectively raised over £100.000. These funds will contribute significantly to supporting our
ongoing initiatives and projects. l am hugely proud of the work everyone put in lo make this such a
successful year for fundraising and also my enormous thanks to all those who so kindly gave auction
lols as well as so generously kept bidding.
The development and initl8tion of our new 'Together for Deel strategy marks a significant milestone.
This strategy focuses on three core pillars
Education, Science & Research and Welfare & Ethics
underscoring our commitment to expanding our impact on deer welfare and conservation.
As we anticipate the opportunities that 2024 holds, my primary focus is on inspiring and educating
others about deer. fostering a passion for their welfare and humane management Together, let us
continue lo tell our story and attract new supporters, ensuring the BDS thrives for many more years to
come.
With my very best wishes and thanks,
Hugh van Culsem
Chairman
10

The British Deer Society
TrusteelDirectors' Annual Report
Year Ended 31 December 2023
STATEMENT OF TRUSTEEIDIRECTORS RESPONSIBILITIES
The Tru5teelDireclors are responsible for preparing the TrusteelDireclors' Report and Ihe Financial
Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting
Practice.
Company and Charity law requires the TrusteelDirectors to prepare financial statements for each
financial year, which give a true and fair view of the state of the affairs of the Charity and rts subsidiaries
and of the surplus or deficit for that period. In preparing these financial stalements, the TrusteelDirectors
have..
a) selected suitable accounting policies and then applied them consistently
b) made judgements and estimates that are reasonable and prudent
c) staled whether applicable accountipg standards have been followed, subject to any material
departures disclosed and explained in the financial statements
d) prepared the financial statements on the going concern basis.
The TrusleelDirectors have overall responsibility for ensuring that the Charity has appropriale systems
of controls, financial and Othe￿1$e. They are also responsible for keeping proper accounting records
which disclose with reasonable accuracy al any time the financial position of the Charity and to enable
them to ensure that the financial statements comply with the Companies Act 2006 and the appropriate
Charity legislation. They are also responsible for safeguarding the assets of the Charity and hence for
taking reasonable steps for prevention and detection of fraud and other irregularities.
So far as the TrusleelDirectors are aware, there is no relevant audit information (information needed by
the company's auditors in connection with preparing their audit report) ofwhich the company's auditors
are unaware and each TrusteelDireclor has taken all the steps that helshe ought to have taken as a
Director in order to make himselflherself aware of any relevanl audrt informatson and to establish that
the company's auditors are aware of that information.
On Behalf of the board
Sarah Gubbins
Trusteeloirector
Approved by the Board on 26th March 2024
11

The British Deer Society
Independent Examiner's Report to the TrusteelDirectors of The British
Deer Society
I report to the charily Twsteeloirectors on my examination of the accounts of The British Deer Society
for Ihe year ended 31 December 2023 which are set out on pages 14 - 36.
Respective responsibilities of TrusteelDirectors and Examiner
As the TrusteelDirectors of the group, you are responsible for the preparation of the accounts of The
British Oeer Society in accordance with the requirements ofthe Companies Act 2006 ('the 2006 Act'i.
Having satisfied myself that the accounts of The British Deer Society are noi required to be audited
under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of the accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,).
In carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(51{b) of the 2011 Act.
An independent examinalion does not involve gathering.￿ll,.1he evidence that would be required in an
audrt and consequently does not cover all the matters that an auditor considers in giving their opinion
on the a¢¢ounts The planning and conduct of an audit goes beyond the limited assurance that an
independent examination can provide. Consequently, l express no opinion as lo whether the accounts
present a'true and fair, view and my report is limited to those specific matters set out in the independent
examinerfs statement.
Independent examlner's statement
Since The British Deer Society's gross income exceeded £250,000 your examiner must be a member
of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination
because l am a member of the Institute of Chartered Accountants in England and Wales, which is one
of the listed bodies.
I have completed my examination. I confirm that no matters have come lo my attention in connection
with the examination giving me cause to believe.,
1. accounting records were not kept in respect of The British Deer Society as required by section 386
of the 2006 Act- or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give 8 'true and fair view, which is not a matter considered
as part of an independenl examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities lapplicable to
charities preparing their accounts in accorclance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be
reached.
12

The British Deer Society
Independent Examiner's Report to the TrusteelDirectors of The British
Deer Society
Geoffrey Thomas
FCA
Crown Chamber5
Bridge Street
Salisbury
Wiltshire
SP12LZ
Date..
26 So L-*
13

The British Deer Society
Statement of Financial Activities for the Year Ended 31 December 2023
Unrestricted
funds
Restricted
funds
Designated
funds
Total
2023
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activrties
Investment income
389,524
206,230
175,702
17,543
24,628
414,152
206,230
175.702
17,543
Total income
788,999
24,628
813,627
Expenditure on:
Raising funds
Charrtable activities
(105,297)
{719,113>
(105.297)
(720.663)
(1,550)
Total expenditure
Net gainsl{losses) on
investment assets
(824,4101
(1,550)
(825,960)
(32,323)
(67,734)
<32,323)
Net incomel{expendrture)
24,628
(1,550)
{44,656)
Net movement in funds
<67,734)
24,628
{1,550)
<44,656)
Reconcillation of funds
Total funds brought forward
743,253
89,588
21,627
854,468
Total funds carried forward 22
675,519
114,216
20,077
809,812
14

The British Deer Society
Comparative Statement of Financial Activities for the Year Ended 31
December 2023
Unrestrlcted
funds
Restricted
funds
Designated
funds
Total
2022
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activrties
Investment income
353,682
330,489
24,049
17,636
18,750
372.432
330,489
24,049
17.636
Total income
725,856
18,750
744,606
Expenditure on:
Raising funds
Charitable actNities
(32,714)
1681,918)
(32.714}
(722,538)
(18,750)
{21,870)
Total expenditure
Net gainsl{losses) on
investment assets
(714,632)
118,750)
(21,870)
(755,2521
(676)
{6761
Net income l (expenditure)
10,548
21,870)
11,322
Net movement in fijnds
10,548
(21,870)
{11,322)
Reconciliation of funds
Total funds brought forward
Total funds carried foDNard 22
732,705
89,588
43,497
865,790
743,253
89,588
21.627
854.468
All of the charty's activities derive from continuing operations during the above iwo periods.
The funds breakdown for 2022 is shown in note 22.
15

The British Deer Society
Balance Sheet as of 31 December 2023
2023
2022
Note
Fixed assets
Intangible assets
Tangible assets
Investments
14
15
16
93
28,072
613,830
641,995
3,149
21,420
511,259
535,828
Current assets
Stocks
Debtors
Cash at bank and in hand
17
18
19
6,904
32,600
258,107
297,611
4,327
19,878
390.482
414,687
Credltors: Amounts falling due wlthln one year
20
(129,794)
(94.150)
Net current assets
167,817
320,537
Total assets less current1Sabilities
809,812
856,365
Creditors: Amounts falling due after more than one year 21
(1,897)
Net assets
809,812
854,468
Funds of the charity:
Designated funds
20,077
21.627
Restricted income funds
Restricted funds
114,216
89,588
Unrestrlcted Income funds
Unrestricted funds
675,519
743,253
Total funds
22
809,812
854,468
For the year in question, the charitable company was entitled to exemption from an audit under section
477 of the Companies Act 2006.
The members have not required the charitable company to obtain an audit of its accounts for the year
in question in accordance with section 476 of the Companies Act 2006.
The financial statements on pages 14 to 36 were approved by the Finance Team and Exiernal
Examiner. and aulhorised for issue to the Board of TrusteelDirectors on 26 March 2024 and signed on
their behalf by..
Mrs Sarah Gubbins
TrusleelDirector'.
Company Registration Number.. 03485785
16

The British Deer Society
Statement of Cash Flows for the Year Ended 31 December 2023
2023
2022
Note
Cash flows from operating activities
Net cash incomel(expenditure)
(44,656)
(11,321)
Adjustments to cash flov
Depreciation
Amortisalion
Lossl(profitl on sale of fixed assets
Revaluation of investments
Investment income
13
13
10.222
3,056
1,662
32,323
(17,543)
(14,936)
10,987
9.459
{13.664)
(7.545)
{17,636)
{29,720)
Working capital adjustments
(Increase) I decrease in stocks
Decreasel{increase) in debtors
{Oecreasellincrease in creditors
{Decrease)lincrease in deferred income
17
18
20
12,577)
{12,722)
(10,148)
43,895
(2,021)
3.024
8,494
(87,030)
Net cash flows from op8rating activities
3,512
{107,253)
Cash flows from Investlng activitles
Purchase of intangible fixed assets
Purchase of tangible fixed assets
Sale of tangible fixed assets
Purchase of investments
Proceeds from sale of investments
Income from dividends
14
15
(20,036)
1,500
1134,894)
{16.540)
14.500
(50,061)
179,480
17,636
17,543
Net cash provided by (used in) investing activities
135,887}
145,015
Cash flows from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalenls at 1 January
Cash and cash equivalents at 31 December
(132,375)
390,482
37,762
352,720
258,107
390,482
All of the cash flows are derived from continuing operations during the above two period5.
17

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
1 Charity status
The charity. is limited by guarantee. incorporated in England and Wales, and consequently does not
have share capital, Each of the TrusteelDireclors is liable lo contribute an amount not exceeding £10
towards the assets of the charity in the event of liquidation.
These financial statements were authorised for issue by the TrusteelDirectors on 26 March 2024.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to 811 the years presented, unless otherwise
stated.
Statement of compliance
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 applicab18 in the UK and Republic of Ireland IFRS
1021 issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland IFRS 1021. the Charities and Trustee Investment (Scotland) Act 2005, the Charities
Accounts (Scotland) Regulations 2006 (as amended) the Charities Act 2011, the Companies Act 2006
and UK Generally Accepted Practice as it applies from l January 2015.
Basis of preparation
The British Deer Society meets the definition of a public benefrt entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy notes.
Golng concern
The TrusteelDireclors have reviewed the charity's financial position. As a result of ils review the
TrusteelDirectors believe that the charity is well placed to manage operational and financial risks.
Accordingly, the TrusteelDireclors have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. Thus, the TrusteelDirectors
continue to adopt the going concem basis of accounting in preparing the annual financial statements.
Income and endowments
All income is recognised Once Ihe charity has entrtlement to the resources, it is certain that the
resources will be received, and the monetary value of incoming resources can be measured with
sufficient reliability.
Income received in advance are deferred until entitlement to the income has arisen, at which time. il is
credited to the statement of financial activities.
18

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
Subscrlptlons, Donations. Gift Aid, Covenant fax Refunds. Grants and Legacies receivable
Subscriptions and donations are accounted for on a receipts basis. Included within donations in Note 3
are small Individual amounts from-fomier members whose membership has lapsed, but who continue
to contribute to the Society at a level of less than the normal subscription.
Gift Aid and Covenant Tax Refunds are accounted for as receivable, based on the subscription income.
received in the year.
Lrfe members. subscriptions are allocated to Income over 15 years.
Grants and donations in respect of capital expenditure are credited against the cost of the assels to
which they relate.
Grants and donations for specific purposes are accounted for as receivable and are treated as forming
restricted funds.
Legacies are accounted for when it is probable that they will be received, and the amounts receivable
can be determined with sufficient reliability.
The Lonsdale Trust net Investment income and related tax credils granted by the Trust are accounted
for when receivable.
Delerred income
Deferred income represents amounts received for future periods and is released to incoming resources
in the period for which, it has been received. Such income is only deferred when-
The donor specifies that the grant or donation must only be used in future accounting periods., or
The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Investment income
Quoted investments held directly by the Society are valued in the balance sheet al their market value
al the year end. Gains and losses on disposal and revaluation of investments are credited or charged
to the funds in which the assets are held.
Expenditure
Support costs represent the costs ofthe Society's office and administration staff in providing support lo
the Society's charitable activities and have been allocated in accordance with SORP 2019.
Governance Costs represent the costs incurred in connection with the management of the Charity's
assets by the TrusteelDirectors and the costs of compliance with constitutional. statutory, and legal
requirements.
All other expenditure is accounted for on an accruals basis and is recognised when there is a legal or
constructive obligation to pay for that expenditure. Expenses have been allocated to the particular
activity when the cost related directly to that activity or apportioned as per note 9.
Irrecoverable VAT is included as part of the cost of the item to which it relates.
19

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
Ralsing funds
Fund raisin9 Costs Include the direct costs of fundraising events together with the costs of recruiting
and servicing the Society's members.
Charitable activities
Charitable expendrture comprises those costs incurred by the charity in the delivery of rts activities and
services for its beneficiaries. It includes both costs that can be allocated directly lo such activities and
those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received
within calegories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the
Taxation of Chargeable Gains Act 1992, to the exient that such income or gains are applied exclusively
to charilable purposes.
Intanglble assets
Intangible assets are stated in the Balance Sheet al cost less accumulated amortisation and
impairment. They are amortised on a straighl-line basis over their estimated useful lives.
Tangible fixed assets
Fixed assets are stated al historic cost less depreciation. The charity has not sel a value below which
assets are not capitalised.
Amortlsatlon
Amortisalion is provided on all intangible assets at rates calculated to write off the cost, less estimated
residual value, of each asset evenly over its expected useful life as follows'.-
Asset class
Amortisation method and rate
Websrte and software developed
CRM
3 years
3 years
Depreciatlon and amortlsation
Depreciation is provided on all fixed assets at rates calculated to write off the cost, less estimated
residual value, of each asset evenly over its expected useful life.. as follows...
Asset class
Depreciation method and rate
3 years
5 years
5yea
4 years
up to 5 years
Computer equipment
Office equipment
Show equipment
Leasehold premises over the period of the lease
Equipment held by branches
20

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
Fixed asset investments
Fixed asset investments. other than programme related investments, are included at market value at
the balance sheet date. Realised gains and losses on investments are calculated as the difference
be￿een sales proceeds and their market value at the start of the year, or their subsequent cost, and
are charged or credrted to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent Ihe movement in market values during the year and are
credited or charged to Ihe Ststement of Financial Activities based on the market value at the year
end.
Stock
Stock is stated at Ihe lower of cost or net realisable value.
Trade debtors
Trade debtors are amounls due from customers for merchandise sold or services performed in the
ordinary course of business.
Trade debtors are recognised inilially at the transaction price. They are subsequently measured at
amortised cost using the effective interest method. less provision for impairment A provision for the
impairment of trade debtors is established when there is objective evidence that the charity will not be
able lo collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and olher short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant
risk of change in value.
Trade creditors
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if the charity
does not have an unconditional right, al the end of the reporting period, to defer settlement of the creditor
for at least ￿e1ve months after the reporting dale. If there is an unconditional right to defer settlement
for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised
cost using the effeclive interest method,
Foreign exchange
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction,
Monetary a55ets and liabilities denominated in foreign currencies atthe balance sheet date are reported
at the rates of exchange prevailing at that date.
The results of overseas operations are translated al the average rates of exchange during the period
and their balance sheets at Ihe rates ruling at the balance sheet date. Exchange differences arising on
translation of the opening net assets and results of overseas operations are reported in other
comprehensive income and accumulated in equity (attributed to non-controlling interests as
appropriate).
Other exchange differences are recognised in the Statemenl of Financial Activities in the period in which
they arise except for..
21

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
Flxed asset Investments
1) exchange differences on transactions entered into lo hedge certain foreign currency risks (see
above).,
2) exchange differences arising on gains or losses on non-monetary items which are recognised in
other comprehensive income,. and
3) in the case of the consolidated financial statements, exchange differences on monetary items
receivable from or payable to a foreign operation for which settlement is neither planned nor likely to
occur (therefore forming part of the net investment in the foreign operation), which are recognised in
other comprehensive income and reported under equity.
Fund structure
Unrestricted general funds
These are funds which can be used in accordance with the charitable objects of the charity at the
discretion of the TrusleelDirectorslDireclors
Deslgnated funds
These are set aside by the TrusleelDirectors out of unrestricted general funds for specific future
purposes or projects.
Funds equivalent to the income earned from the fixed and current assets investments pertaining to non
restricted funds and the income granted by the Lonsdale Trust may be transferred from the general
unrestricted fund to the designated funds each year.
Specific expenditure for the purposes specified by the designated funds are alienated directly
to those funds each year,
Reslricted funds
These are funds which can only be used for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
In accordance with the undertakings given in the BDS legacy leaflet all legacies since 2005 have been
placed in a Restricled Endowment Fund. The Board ha5 agreed that from 1st January 2022 all future
legacies should be credited to the Restricted Endowment Fund. The income, and rf necessary, the
capital. may be used to cover costs aligned with the charitable objectives of the Society as oullined on
page six of this report.
Financial Instruments
Classificatlon
Financial assets and financial liabilities are recognised when the 9roup becomes a paty to the
contraclual provisions of the instrument.
Financial liabilliies and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the group after deducting all of its liabilities.
22

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
Recognition and measurement
All financial assets and liabilities are initially measured al transaction price (including transaction costs),
except for those financial asset5 classified as al fair value through profit or loss. which are initially
measured at fair value (which is normally the transaction price excluding transaction costs). unless the
arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction,
the financial asset or financial liability is measured al the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when. and only when
there exists a legally enforceable right to set off the recognised amounts and the group intends either
to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from
the financial asset expire or are settled, b} the group transfers to another party substantially all of the
risks and rewards of ownership of the financial asset, or c) the group, despite having retained some,
but not all, significant risks and rewards of ownership, has transferred control of the asset lo another
party.
Financial liabilities are derecognised only when the obligation specified in the contfact is discharged,
cancelled or expires.
Debt Instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost
using the effective interest method..
(a) The contractual return to the holder is li) a fixed amount., lil) a positive fixed rate or a positive variable
rate: or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to
be linked lo a single relevant observable index of general price inflation of the currency in which the
debt instrument is denominated, provided such links are not leveraged.
Ic) The contract may provide for a determinable variation of the return to the holder during the life of the
instrument, provided Ihat (il the new rate satisfies condition (a) and the variation is not contingent on
future events other than (1) a change of a contractual variable rate; 12) lo protect the holder against
credit deterioration of the issuer, {3) changes in levies applied by a Central bank or arising from changes
in relevant taxation or law, or {iil the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal
amount or any interest attributable to the current period or prior periods.
le) Contractual provisions that permit the issuer lo prepay a debt inslrumenl or permit the holder to put
it back lo the issuer before maturity are not contingent on future events, other than to protect the holder
against the credit deterioration of the issuer or a change in control of the issuer. or to protect the holder
or issuer against changes in levies applied by a central bank or arising from changes in ￿levant laxalion
or law.
{fj Contractual provisions may permit the extension of the term of the debt instrument, provided that the
return lo the holder and any other contractual provisions applicable during the extended term satisfy
the conditions of paragraphs (al to (c).
23

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
Debt instruments that are classified as payable or receivable within one year on initial recognition and
which meet the above conditions are measured at the undiscounted amount of the cash or other
consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these ￿nditionS
are measured at fair value through profil or105S.
Investments
Investments in nonthconvertible preference shares and non-puttable ordinary or preference shares
(where shares are publicly traded or their fair value is reliably measurable) are measured at fair value
through profrt or loss. Where fair value cannot be measured reliably, investments are measured at cost
less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investmenls in
subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is
measured by reference to the nominal value of the shares issued plus fair value of other consideration.
Any premium is ignored.
Falr value meaSu￿rnent
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted
prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair
value as long as there has not been a significant change in economic circumstances or a significant
lapse of time since the transaction took place. If the market is not active and recent transactions of an
identical asset on their own are not a good estimate of fair value, the fair value ¢5 estimated by using a
valuation technique.
3 Income from donatlons and legacles
Unrastricted
funds
General
Restricted
funds
Total
2023
Donalions and legacies.,
Subscriptions
Donations
Gift aid tax recovered
Lonsdale Trust grant
Legacies
299,431
25,000
56,318
8,775
299,431
25,000
56,318
8,775
24 628
414 152
24 628
389 524
24

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
Unrestricted
funds
General
Restricted
funds
Total
2022
Donations and legacies.,
Subscriptions
Donations
Gift aid tax recovered
Lonsdale Twst income receivable
Lonsdale Trusi grant
285,778
11,643
53,576
2,685
285,778
11,643
53.576
2,685
18 750
18,750
. 353,682
372,432
4 Income from charitable activities
Unrestricted
funds
General
Total
2023
Training income
Branch activities
177,211
29,019
206,230
177,211
29,019
206,230
Unrestricted
funds
General
Total
2022
Training income
Branch activities
291,093
39,396
330,489
291.093
39,396
330,489
5 Income from othertrading activities
Unrestricted
funds
General
Total
2023
Fundraising
Trading income
121,878
53,824
175,702
121.878
53,824
175.702
Unrestricted
funds
General
Total
2022
Fundraising
24,049
24,049
24.049
24,049
25

The British Deer Society
Notes to the Financial Statements for the Year
Ended 31 December 2023
6 Investment Income
Unrestricted
funds
General
Total
funds
Income from dividends.,
Dividends receivable from other listed investments
17,543
17,543
Total for 2023
17,543
17,543
Unrestricted
funds
General
Total
funds
Income from dividends;
Dividends receiveble from other listed inveslments
17,636
17,636
Total for 2022
17,636
17,636
7 Expenditure on raising funds
Unrestricted
funds
General
Restrlcted
funds
Designated
funds
Total
funds
Donations
Trading
50,404
54,893
50,404
54,893
Total for 2023
105,297
105,297
Unrestrlcted
funds
General
Restricted
funds
Designated
funds
Total
funds
Donations
32,714
32,714
Total for 2022
32.714
32,714
26

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
8 Expenditure on charitable activities
Unrestricted
funds
General
Restricted
funds
Designated
funds
Tolal
funds
Research and educalion
Technical and advisory
Membership, marketing
and data management
Media and publications
Training
Other activities
IGain)ILoss on disposal
Deer initiative
22,834
139,675
1,550
24,384
139,675
262,997
67,777
174,034
45,493
1,662
4,641
262,997
67,777
174.034
45,493
1,662
4,641
Total for 2023
719,113
1,550
720.663
Unrestrlctad
funds
General
Restrlcted
funds
DesSgnated
funds
Total
funds
Research and education
Technical and advisory
Membership, marketing
and dala management
Media and publications
Training
Other activities
(Gain)ILoss on disposal
Deer initiative
22,866
139,890
21,870
44,736
150,201
10,311
232,323
76,689
184,600
34,566
{13,664}
4,648
7,810
240.133
76,689
185,229
34,566
(13,664)
4,648
629
Total for 2022
681,918
18,750
21,870
722.538
27

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
9 Governance costs
2023
2022
Independent examination fees and other services
Governance costs of subsidiaries
Legal and professional fees
AGM and statutory expenses
2,800
600
1.805
35
1,500
The charity initially identifies the cost of its support functions. It then identifies those costs which relate
to the governance function. Governance costs and other support costs are apportioned separately
between the key activities for raising funds and charitable aclivities (see notes 7 and 8) in the year.
Refer to the table below for the basis of apportionment and the analysis of the support and governance
costs.
10 Analysis of support costs
Support costs allocated to raising funds
Governance
costs
General
support
Total
2023
Total
2022
Basis of
allocation
Allocated based
upon time
Allocated based
upon usage
Accountancy fees
Governance
Legal and professional fees Governance
AGM and meeting expenses Governance
Salaries and related costs
134,358 134,358
137,722
General office expenses
127,743 127,743
14,520 17,320
1,500
123,912
17,810
35
2,800
1,500
10,373
276,621 286,994
288,532
28

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
11 Staff costs and emoluments
2023
2022
Gross salaries
Employers National Insurance
Pension Contributions
Total staff costs and emoluments
318,365
28,055
13,218
359,638
284.860
31,088
14.878
330,826
Average head count of employees
Technical
Support
Governance
There was one employee with emoluments between £60,001- £70,000 (2022 £60,001- £70,000)
The TrusteelDireclors neither received nor waived any emoluments during the year, however the
following honoraria were payable as permitted under the governing document, Out of pocket
expenses were ￿1mbur$ed lo 312022.. 4) TrusteelDirectors as follows,,
2023
2022
Travelling and accommodation
599
The charity also purchased during the year, services from Mr. D. Griffith as a part lime Course manager
for£472 (2022.. £1,200), Mr. A. Monkman for £1.385 (2022.. £1,917) and Dr Morris Charlton £554 (2022
£0).
12 Pension costs
The charity operales a defined contributions scheme. The assets of the scheme are held separately
from those of the charity in an Independently administered fund.
The pension costs represent the contributions payable by the charity to the fund. In 2023 these
amounted to £13.218 (2022 £14,878) There were no outstanding or prepaid contributions at the end of
of 2023.
2023
2022
During the year the following number of employees accrued retirement
benefits under the Money Purchase Scheme
29

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
13 Net income
2023
2022
Net income is charged with the following costs
Depreciation
Amortisation
Fees for accountancy and other seNices
10,222
3,056
10,987
9,459
18,028
22,846
14 Intangible fixed assets
Website & other
Intangible asset
Total
Cost
At 1 January 2023
Additions
110,445
110,445
At 31 December 2023
110,445
110,445
Amortisation
At 1 January 2023
Charge for the year
107,296
3,056
107,296
3,056
Al 31 December 2023
110,352
110,352
Net book value
At 31 December 2023
93
93
At 31 December 2022
3,149
3,149
Development costs
Development costs have been capitalised in accordance with FRS 102 Section 18 Intangible Assets
other than Goodwill and are therefore not treated as a defictt lo the charity.
30

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
15 Tangible fixed assets
Land and Training Computer
Office
buildings equipment equipment equipment
Branch
assets
Total
Cost
Al 1 January 2023
Additions
Disposals
101.386
22.922
11.860
(1,004)
22,660
2,029
17,228
64,020 228,216
6,147 20,036
{2,158) (3,162
At 31 December 2023
101.386
33,778
24,689
17,228
68,009 245,090
Depreciation
At 1 January 2023
Charge for the year
101,386
21.847
2,605
19,924
2,007
13,680
1,208
49,959 206,796
4,402 10,222
At 31 December 2023
101,386
24,452
21,931
14,888
54,381 217,018
At 31 December 2023
9,326
2,758
2,340
13.648 28,072
At 31 December 2022
1,075
2,736
3,548
14,061 21,420
Included within the net book value of land and buildings above is £Nil (2022 £N il) in respect of freehold
land and buildings and £Nil {2022 £Nil) in respect of leaseholds.
31

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
16 Flxed asset Investment?
2023
2022
Other investments
613.830
511,259
Other investments
Listed
investments
Total
Cost or Valuation
At 1 January 2023
Additions
Disposals (OMV)
Revaluation
511,259
134.894
511,259
134,894
32,323)
(32,323)
At 31 December 2023
613.830
613,830
Net book value
At 31 December 2023
613,830
613,830
At 31 December 2022
511,259
511,259
17 Stock
2023
2022
Stocks
6,904
4.327
18 Debtors
2023
2022
Trade debtors
Due from group undertakings
Prepayments
Other debtors
16,332
121
3,179
16,578
15,622
32,600
19,878
32

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
19 Cash and cash equivalents
2023
2022
Cash at bank
258.107
390,482
20 Creditors: amounts falling due within one year
2023
2022
Trade credrtors
Other taxation and social
security
Life subscription fund
Other creditors
Accruals
Deferred incorne
13,920
15,192
11,672
1,897
10,985
3,268
475
19,120
45,110
94,150
13,300
89,005
129,794
21 Creditors: amounts falling due afterone year
2023
2022
Life Subscription fund
1,897
1,897
33

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
22 Funds
Balance at 1
January 2023
Incoming
resources
Resources
Balance at 31
expended December 2023
Unrestricted funds
General
743,253
788,999
(856,733)
675,519
Restricted funds
89,588
24,628
114,216
Designated funds
Expendable
21,627
(1,550)
20,077
Total funds
854,468
813,627
(858,283
809,812
Balance at 1
January 2022
Incoming
resources
Resources
Balance at 31
expended December 2022
Unrestricted funds
General
732,705
725,856
(715.3081
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

The British Deer Society
Notes to the Financial Statements for the Year Ended 31 December
2023
23 Analysis of net assets between funds
Total funds at
Restricted 31 December
funds
2023
Unrestricled funds
General
Designated
Intangible fixed assets
Tangible fixed assets
Fixed assel investments
Current assets
Current liabilities
93
28,072
613,830
163,318
{129,794)
93
28,072
613.830
297,611
{129.794)
20,077
114,216
Total net assets
675,519
20,077
114,216
809,812
Total funds at
Restrlcted 31 December
funds
2022
Unrestrlcted funds
Gèneral
Designated
Intangible fixed assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Long term liabilities
Total net assets
3,149
21,420
511,259
303,472
194,150)
11,897)
3.149
21.420
511,259
414,687
(94,150)
(1,897)
21,627
89,588
743,253
21,627
89,588
854,468
24 Related party transactions
Deer Management Quallflcatlons Llmlted
This, a not-for-profit company, is a provider of accredrtation for qualifications in the management of
deer. The British Deer Society is one of several organisations who provide training within the scope of
this accreditation This is at an am's length and in line with their normal trading agreement.
Income receivable for the supply of assessment material is dealt with in The British Deer Society
Charity. During the year the charity paid DMQ £24,661 (2022 £42,518) in respect of registration fees.
Mr D Griffith is a Director of DMQ and was also a TrusteelDirector of The British Deer Society (until 14
May 2023). No remuneration or benefits are received in respect of the duties undertaken.
At the balance sheet dale, there was no outstanding amount due tomrom Deer Management
Qualifications Limited. (2022 - £2,945).
35

25 Trading income
The British Deer Society (Sales & Services) Limited
Last year the activities ofThe British Deer Society (Sales & SeNices) Limited ceased as at 31 December
2022 and the stock of the company was transferred to the charity.
The company was dissolved in 2023 and consequently the 2023 financial statements reflect the income
and expenditure of the Charity only. including the trading activities formerly operated by the company.
In the year ended 31 December 2022 the company generated sales of £38,794 and incurred
expenditure of £38,794.
36