**Charity Registration No. 1108464 Company Registration No. 5333054 (England and Wales)**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **EXAMINED IN COMPLIANCE WITH CHARITY COMMISSION REQUIREMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Contents**
|**Description**|**Page(s)**|
|---|---|
|Annual Report tothe Charity Commission|1 to 6|
|Independent Examiner’s Report|7 to 8|
|Statement of Financial Activity (SOFA)|9|
|Balance Sheet|10|
|Note 1 to the accounts–Basis of Preparation|11 to12|
|Note 2 to the accounts–Accounting Policies|13 to 15|
|Note 3 to the accounts-Income|16|
|Note 6 to the accounts - Expenditure|17|
|Note 18 to the accounts-Stocks|18|
|Note19tothe accounts –Debtors andPrepayments|19|
|Note 20 to the accounts–Creditors and Accruals|20|
|Note 22 to the accounts–Other Disclosures|21|
|Note24 tothe accounts – Cashatbankandin hand|22|
|Note 25 to the accounts–Fair value of assets and
liabilities|23|
|Note 27.1 to the accounts–Charity funds 2022|24|
|Note27.2 tothe accounts – Charityfunds2021|25|
|Note 27.3 and 27.4–charity funds notes|26|
|Note 28 to the accounts–Transactions with trustees
and related parties|27|
# **Trustees’ Annual Report for the period 1/1/22 to 31/12/22**
**Charity name:** Bees Abroad
**Charity registration number:** 1108464
## **Objectives and Activities**
||SORP
reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To promote locally appropriate beekeeping to
enable participants to generate income to
enhance their livelihoods, alleviate poverty and
improve their quality of life.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17
and 1.19|Our UK based partnership managers support our
trusted in country delivery partners to ensure our
projects achieve their goals. Our projects enable
selected members of small community groups to
improve their life livelihoods though the
production and sale of honey, wax, value-added
products and related activities.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Yes, the trustees believe that Bees Abroad meets
the guidance.|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
||SORP
reference||
|---|---|---|
|Policy on grant making|Para 1.38|Before funding a project we always make face
to face assessments with the groups. We
always plan co-operatively and work closely
with our local delivery partners. We never just
give money. We evaluate every project as if it
were an investment before committing funds|
|Policy on social investment
including program related
investment|Para 1.38|Not applicable.|
|Contribution made by
volunteers|Para 1.38|In our UK team we have very experienced
beekeepers and others who have skills
appropriate to directing our projects,
managing our charity and fundraising. We
have a team of 17 partnership managers who
give on average 6 weeks of their time each
year to their projects which we value at a total
of £100,000.|
|Other|||
1
## **Achievements and Performance**
||SORP
reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its
beneficiaries and any wider
benefits to society as a whole.|
Para 1.20|We are proud of the fact that all our project is in
country. This is achieved because or UK based
partnership managers are volunteers.
The purpose of all our projects is poverty relief.
income from beekeeping is typically used to pay
for education, medicines and household essentials.
Bees also improve crop pollination and thus the
yield of agricultural crops. Honey provides families
with an excellent source of extra nutrition.
Some of our projects are exclusively for women
and others embed beekeeping in schools which
enhances pupils’ education and provides a
vocation when they leave.
Beekeeping is environmentally friendly, sustainable,
culturally accepted and its benefits continue year
after year.
The environmental circumstances for beekeeping
in most African countries are good the market for
honey is huge.|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41|Following the success of the appointment of a
fundraiser the we decided to appoint a part time
CEO. The trustees believe this is necessary to
secure the future of Bees Abroad and to enable it
to grow.
The implementation of new systems for accounting
and project management was commenced and
a new donor care system was implemented.|Following the success of the appointment of a
fundraiser the we decided to appoint a part time
CEO. The trustees believe this is necessary to
secure the future of Bees Abroad and to enable it
to grow.
The implementation of new systems for accounting
and project management was commenced and
a new donor care system was implemented.|
|---|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41|2022 saw our highest ever income. We exceeded
our campaign targets, grew our donor base and
improved our social media presence.||
|Investment performance
against objectives|Para 1.41|We have no investments.||
|Other||||
|**Financial Review**|||During 2022 the charity’s balances increased
by £49,973 making our total balances at the
end of the year £154,505 of which
£128,853 is in liquid funds. This would allow
us to carry on for over 12 months at the
current rate of spending and without additional
income.|
|Review of the charity’s
financial position at the end of
the period|
Para 1.21||During 2022 the charity’s balances increased
by £49,973 making our total balances at the
end of the year £154,505 of which
£128,853 is in liquid funds. This would allow
us to carry on for over 12 months at the
current rate of spending and without additional
income.|
2
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves are held in five separate bank
accounts. The overall policy of the charity is to
hold sufficient to cover six months running
costs. At our present rate of spend this means
holdingat least £67,000|
|---|---|---|
|Amount of reserves held|Para 1.22|128,853|
|Reasons for holding zero
reserves|Para 1.22|N/A|
|Details of fund materially in
deficit|Para 1.24|None|
|Explanation of any
uncertainties about the charity
continuingas agoingconcern|
Para 1.23|None|
**Additional information (optional)** You may choose to include further statements where relevant about:
|The charity’s principal sources
of funds (including any
fundraising)|
Para 1.47|Our sources were:
Individuals including those closely
associated with the work of the charity.
UK Beekeeping Associations
On line fundraising initiatives
Various smallgrants.|
|---|---|---|
|Investment policy and
objectives including any social
investment policy adopted|
Para 1.46|We have no investments.|
|A description of the principal
risks facing the charity|Para 1.46|Our principle risk Is our dependence on
people. Our local delivery partners each
rely on a small number of experts and we
are very dependent on the support of our
expert UK basedpartnershipmanagers.|
|Other|||
## **Structure, Governance and Management**
|Description of charity’s trusts:|||
|---|---|---|
|Type of governing document
(trust deed,royal charter)|Para 1.25|Articles of Association.|
|How is the charity constituted?
(e.g unincorporated
association,CIO)|
Para 1.25|Company limited by guarantee.|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled to
appoint one or more trustees|Para 1.25|Trustees are elected by members at our
AGM for a 3-year term which may be
followed by two further terms.|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|During the year we continues to routinely
review procedures and policies.|
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the charity|
Para 1.51|The trustees managed all aspects of
charity with the support of a part time
paid administrator.|
3
|works|||
|---|---|---|
|Relationship with any related
parties|Para 1.51|None|
|Other|||
## **Reference and Administrative details**
|Charityname|Bees Abroad|
|---|---|
|Other name the charityuses|None|
|Registered charitynumber|1108464|
|Charity’s principal address|The Keepers, Symn Lane, Wotton Under Edge, Glos. GL12
7BD.|
|||
## **Names of the charity trustees who manage the charity**
||**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee (if**
**any)**|
|---|---|---|---|---|
|1|Richard Ridler|Chair||Members at AGM|
|2|John Daffern||||
|3|Neil Brent|Treasurer|||
|4|Bisi New||||
|5|Andrew
MacCormack||||
|6|KayWilliams||||
Corporate trustees – names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
|**Trustee name**|**Dates acted if not for whole**
**year**||
|---|---|---|
|Not applicable.|||
||||
||||
||||
||||
||||
4
**Funds held as custodian trustees on behalf of others**
Description of the assets held None in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**mes and addresses of advisers (Optional information)**|**mes and addresses of advisers (Optional information)**|**mes and addresses of advisers (Optional information)**|
|---|---|---|
|**Type of**
**adviser**
**Name**
**Address**|||
|None|||
||||
||||
||||
## **Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
None
## **Other optional information**
5
## **Declarations**
## **The trustees declare that they have approved the trustees' report above.**
**Signed on behalf of the charity's trustees**
**Signature( s)** � **Full name(s)** Richard Ridler Neil Andrew Brent **Position (eg Secretary, Chair, etc)** Chair Treasurer **Date** 22 August 2023 i
•
6
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF BEES ABROAD**
I report to the trustees on my examination of the accounts of Bees Abroad (the charity) for the year ended 31 December 2022
## **Responsibilities and basis of report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). The charity’s trustees consider that an audit is not required for this years under section 144 of the Act and that an independent examination is required.
It is my responsibility to:
- examine the accounts under Section 145 of the Charities Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 14s(5Xb) of the 2011 Act); and
- to state whether particular matters have come to my attention.
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
7
Bees
Abroad
INDEPENDENT EXAMINER'S REPORT- CONTINUED
I have no concams and have come across no other matters in connection with the
examination to which attention should be drawn in this reFQrt in order to enable a
proper understanding of the accounts to b8 reathed.
Signed
GLLA
Date..
V4sE ao23
Name..
Bees Abroad Charity NoCompany No 11084645333054 Annual accounts for the period Period start date 1/1/2022 **To** Period end date 31/12/2022
## **Section A Statement of financial activities (including summary income and expenditure account)**
|Guidance
Note
**Income**
(Note 3)
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
**_Total_**
S07
**Expenditure**
(Notes 6)
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material expense item
S10
Other
S11
**_Total_**
S12
S13
Tax payable
S14
S15
S16
**Net**
S17
**Extraordinary items**
S18
**Transfers between**
S19
**Other recognised**
S20
Other gains/(losses)
S21
**_Net movement in funds_**
S22
**_Reconciliation of funds:_**
Total funds brought forward
(note 27.2)
S23
**_Total funds carried_**
**_forward_**
(note 27.1)
S24
Gains and losses on revaluation of fixed
assets for the charity’s own use
Net gains/(losses) on investments
**Net income/(expenditure) before tax for**
**the reporting period**
**Recommended categories by activity**
**Income and endowments from:**
**Net income/(expenditure) after tax before**
**investment gains/(losses)**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|
|---|---|---|---|---|---|
||121,376|57,460|-|178,836|109,659|
||-|-|-|-|-|
||4,140|-|-|4,140|7,340|
||-|-|-|-|-|
||370|-|-|370|-|
||-|-|-|-|-|
||125,886|57,460|-|183,346|116,999|
|||||||
||20,467|-|-|20,467|8,326|
||-|76,055|-|76,055|97,046|
||28,400|-|-|28,400|8,597|
||8,451|-|-|8,451|3,784|
||57,318|76,055|-|133,373|117,753|
|||||||
||68,568|18,595
-|-|49,973|754
-|
||-|-|-|-|-|
||68,568|18,595
-|-|49,973|754
-|
||-|-|-|-|-|
||68,568|18,595
-|-|49,973|754
-|
||-|-|-|-||
||31,880
-|31,880|-|-|-|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||36,688|13,285|-|49,973|754
-|
|||||||
||70,948|33,584|-|104,532|99,867|
||107,636|46,869|-|154,505|99,113|
9
Bees Abroad
Balance sheet
1108464
5333054
Section B
fund
Fixed assets
Intaroible assets
FOI
F02
F04
FOS
(Nots 15)
(Note 14}
{Note 16)
(Not8 17)
Totsl fix•d••••ts
Current assets
(Note 18)
(Note 191
INoto 17.41
INot• 241
Debtor5
Investments
Cash at bank and in hand
117.057
11.7S
128.853
86.631
rotsl cun•ntaM•ts
BIO
141.437
16.VJJ
157.887
Crodltors: am¢>unts hllhvd
IN4 20}
811
B12
139.517
14.989
154.506
ii•tsiW•s
B13
139,517
14.989
154.508
Cr•dltors: •mounts fthlllnq
due after one year
Provlslons for Ilablllll••
INoto 201
B14
815
31.880
Tol•l etts or
107.637
154.
Funds of the Charlty
(Not85 27.18nd
27.2}
B18
46,869
107,637
19
107 637
R8valuatr"c#) reserye
Fair valu8 r8serve
Total lund•
107.637
46.869
154.506
104.532
Shjned by one or hvotsu$teosldirocM ¢)n b8h•if of 811 Iho
1ruslees1¢irerior5
Dale of
apprcval
Ilm
Print Name
Richard RKll8r
22108r2023
Nell 8nt
SKJnabJre
Dale
22108IXJ23
2210812023
io
## **Section C**
## **Notes to the accounts**
## Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have ~~been prepa~~ red in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts • and with* ü in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
• and with the Charities Act 2011.
> The charity constitutes a public benefit entity as defined by ü FRS 102.*
* -Tick as appropriate
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue**_
_**as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support the _**The Charity has substantial reserves in it's bank accounts**_ conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going _**Not applicable**_ concern assumption doubtful; Where accounts are not prepared on a going concern _**Not applicable**_ basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.
|Yes*
No*|ü|* -Tick as appropriate|* -Tick as appropriate|
|---|---|---|---|
|||||
|**_Please disclose:_**||||
|**_(i) the nature of the change in accounting policy;_**|||_Not applicable_|
|**_(ii) the reasons why applying the new accounting_**
**_policy provides more reliable and more relevant_**
**_information; and_**|||_Not applicable_|
|**_(iii) the amount of the adjustment for each line affected_**
**_in the current period, each prior period presented and_**
**_the aggregate amount of the adjustment relating to_**
**_periods before those presented, 3.44 FRS102 SORP._**|||_Not applicable_|
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
|Yes*
No*|ü|* -Tick as appropriate|
|---|---|---|
||||
## _**Please disclose:**_
|**_Please disclose:_**||
|---|---|
|**_(i) the nature of any changes;_**|_Not applicable_|
|**_(ii) the effect of the change on income and expense or_**
**_assets and liabilities for the current period; and_**|_Not applicable_|
|**_(iii) where practicable, the effect of the change in one_**
**_or more future periods._**|_Not applicable_|
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).
Yes* * -Tick as appropriate No* ü
11
## **Section C**
## **Notes to the accounts Continued**
## _**Please disclose:**_
|**_Please disclose:_**||
|---|---|
|**_(i) the nature of the prior period error;_**|A review of donations made since 6 April 2018 identified additional gift aid to be
applied for. The amendments required were: (a) an addition to debtors as at 1 Jan
2022 of £6,418.53, (b) an impact on income reported for the pior year (column F05
on the SOFA), and (c) a change to equity namely a need to recalculate table N27.2
(2021 charity funds) with a subsequent impact on table N27.1|
|**_(ii) for each prior period presented in the accounts, the_**
**_amount of the correction for each account line item_**
**_affected; and_**|(a) impact on debtors shown on B Sheet and N19 HMRC: Gift Aid is set out below
Financial Year
Unrestricted
Funds
Restricted
Funds
Total
Debtors
Debtors as per
published 2021
Accounts
£6,482.08
£4,679.25
£11,161.33
**Time lapsed GASDS - Written Off**
2019
-£240.14
-£240.14
2020
-£12.38
-£12.38
**Total GASDS W/O**
**-£252.52**
**-£252.52**
**Additional Gift Aid Claimed**
2018
£651.97
£235.31
£887.28
2019
£995.64
£327.61
£1,323.25
2020
£1,023.53
£2,437.60
£3,461.13
2021
£1,116.02
-£116.87
£999.15
**Total Added**
**£3,787.16**
**£2,883.65**
**£6,670.81**
**Total Adjustment**
**£3,534.64**
**£2,883.65**
**£6,418.29**
**Final GA Debtors**
**£10,016.72**
**£7,562.90**
**£17,579.62**
Rounded
£10,017
£7,563
£17,580
Add all other debtors
£5,866
£5,866
**Total 2021 Debtors**
**£15,883**
**£7,563**
**£23,446**
**Changesper Review of Accrued Gift Aid**|
||(b) the impact on 2021 (prior year) gift aid income S01 on SOFA is £999.15 (U=
£1,116.02, U = -£116.87.79)|
||(c) there is a consequent impact on prior year's equity funds which also affects the
net transfer from unrestricted to restricted which covers the overspends on restricted
projects. This is complex but the changes to N27.2 can be summarised:|
|**_(iii) the amount of the correction at the beginning of_**
**_the earliest prior period presented in the accounts._**||
12
**Section C Notes to the accounts**
**(cont)**
**Note 2 Accounting policies** _**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_ **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Please provide a description of the nature of each change in Not Applicable accounting policy** _**Reconciliation of funds per previous GAAP to funds determined under FRS 102**_ **End of Start of period period £ £ Fund balances as previously stated** _**Adjustments:**_ **Fund balance as restated** _**Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_ **End of £ Net income/(expenditure) as previously stated** _**Adjustments:**_ **Previous period net income/(expenditure) as restated**
13
|**Section C**
**Notes to the accounts**|**(cont)**|**(cont)**|**(cont)**|
|---|---|---|---|
|**Recognition of income**
Membership subscriptions which gives a member the right to buy services or other benefits are
recognised as income earned from the provision of goods and services as income from
charitable activities.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition criteria are
met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and any gain
or loss resulting from revaluing investments to market value at the end of the year.
**Volunteer help**
The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can be
measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations and
Legacies.
The charity has incurred expenditure on support costs.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of the gift
to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with
an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
**Support costs**
Donated goods for resale are measured at fair value on initial recognition, which is the expected
proceeds from sale less the expected costs of sale, and recognised in 'Income from other
trading activities' with the corresponding stock recognised in the balance sheet. On its sale the
value of stock is charged against 'Income from other trading activities' and the proceeds from
sale are also recognised as 'Income from other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets and
included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations when
receivable.
**Contractual income and**
**performance related grants**
This is only included in the SoFA once the charity has provided the related goods or services or
met the performance related conditions.
**Donated goods**
Donated goods are measured at fair value (the amount for which the asset could be exchanged)
unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair
value of those gifts at the time of their receipt and they are recognised on receipt. In the
reporting period in which the stocks are distributed, they are recognised as an expense at the
carrying amount of the stocks at distribution.
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant
of probate, the executors have established that there are sufficient assets in the estate and any
conditions attached to the legacy are either within the control of the charity or have been met.
**Legacies**
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on donations**
**and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any
Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an
addition to the same fund as the initial donation unless the donor or the terms of the appeal
have specified otherwise.
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the extent that
the charity has provided the specified goods or services as entitlement to the grant only occurs
when the performance related conditions are met (5.16 FRS 102 SORP).
**Note 2**
**Accounting policies**
**2.2 INCOME**
These are included in the Statement of Financial Activities (SoFA) when:
·
the charity becomes entitled to the resources;
·
it is more likely than not that the trustees will receive the resources;
·
the monetary value can be measured with sufficient reliability.|Yes*
No*
N/a*
|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||||ü|
||Yes*
No*
N/a*|||
||||ü|
||Yes*
No*
N/a*|||
|||ü||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||||ü|
||Yes*
No*
N/a*|||
||||ü|
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||||ü|
||Yes*
No*
N/a*|||
||||ü|
||Yes*
No*
N/a*|||
||||ü|
||Yes*
No*
N/a*|||
||||ü|
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||||ü|
||Yes*
No*
N/a*|||
||ü|||
||Yes*
No*
N/a*|||
||||ü|
||Yes*
No*
N/a*|||
||||ü|
||Yes*
No*
N/a*|||
||||ü|
14
|**Section C**
**Notes to the accounts**|**Section C**
**Notes to the accounts**|**(cont)**|**(cont)**|**(cont)**|
|---|---|---|---|---|
|**Note 2**
**Accounting policies**
**Grants with performance**
**conditions**
**2.4 ASSETS**
**POLICIES ADOPTED**
**ADDITIONAL TO OR**
**DIFFERENT FROM**
**THOSE ABOVE**
**Current asset investments**
The charity has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity of loss than one year held for investment purposes rather than to
meet short-term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive
obligation committing the charity to pay out resources and the amount of the obligation can be
measured with reasonable certainty.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support. Governance
costs comprise all costs involving public accountability of the charity and its compliance with
regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
Where the charity gives a grant with conditions for its payment being a specific level of service
or output to be provided, such grants are only recognised in the SoFA once the recipient of the
grant has provided the specified service or output.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**2.3 EXPENDITURE AND LIABILITIES**
Not applicable
The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific,
technological, geophysical or environmental qualities that are held and maintained principally
for their contribution to knowledge and culture. The depreciation rates and methods used as
disclosed in note 16.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are valued at
initially at cost and subsequently at fair value (their market value) at the year end. The same
treatment is applied to unlisted investments unless fair value cannot be measured reliably in
which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a maturity
date of less than 1 year are treated as current asset investments
The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7
FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102
SORP.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at
the best estimate of the amount required to settle the obligation at the reporting date
**Basic financial instruments**
**Tangible fixed assets for**
**use by charity**
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.
**Intangible fixed assets**
The charity has intangible fixed assets, that is, non-monetary assets that do not have physical
substance but are identifiable and are controlled by the charity through custody or legal rights.
The amortisation rates and methods used are disclosed in note 15.
They are valued at cost.
**Heritage assets**
No material item of deferred income has been included in the accounts.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be recognised.
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**||Yes*
No*
N/a*|||
|||ü|||
|||Yes*
No*
N/a*|||
|||ü|||
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||ü|||
|||Yes*
No*
N/a*|||
|||ü|||
|||Yes*
No*
N/a*|||
|||ü|||
|||Yes*
No*
N/a*|||
|||ü|||
|||Yes*
No*
N/a*|||
|||ü|||
||||||
|||Not applicable|||
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||||ü|
|||Yes*
No*
N/a*|||
|||ü|||
|||Yes*
No*
N/a*|||
||||ü||
|||Yes*
No*
N/a*|||
|||||ü|
||||||
||Not applicable||||
15
**Notes to the accounts (cont)**
## **Section C**
|Donations and gifts
Gift Aid
Legacies
General grants provided by government/other
Membership subscriptions and sponsorships
which are in substance donations
Donated goods, facilities and services
Other
**Total**
**Total**
Shop sales
**Total**
Interest income
Dividend income
Rental and leasing income
Other
**Total**
Raffles and Lotteries
Sundry items of income
**Total**
Conversion of endowment funds into income
Gain on disposal of a tangible fixed asset held for
Gain on disposal of a programme related
Royalties from the exploitation of intellectual
Other
**Total**
**Income from**
**investments:**
**Separate**
**material item**
**of income**
**Other:**
**TOTAL INCOME**
**Charitable**
**activities:**
**Other trading**
**activities:**
**Note 3**
**Income**
**Analysis of income**
**Donations and**
**legacies:**|**Income**
**Analysis of income**|**Unrestricted Restricted**
**Endowment**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted Restricted**
**Endowment**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted Restricted**
**Endowment**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted Restricted**
**Endowment**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted Restricted**
**Endowment**
**Total funds**
**Prior year**
**£**
**£**|
|---|---|---|---|---|---|---|
||Donations and gifts
|112,317|52,900|-|165,217|103,611|
||Gift Aid|8,945|4,560|-|13,505|5,919|
||Legacies|-|-|-|-|-|
||General grants provided by government/other|-|-|-|-|-|
||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|125|
||Donated goods, facilities and services|-|-|-|-|-|
||Other
**Total**|114|-|-|114|4|
|||121,376|57,460|-|178,836|109,659|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
||Shop sales|4,140|-|-|4,140|7,340|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|4,140|-|-|4,140|7,340|
||||||||
||Interest income|-|-|-|-|-|
||Dividend income|-|-|-|-|-|
||Rental and leasing income|-|-|-|-|-|
||
Other|-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
||Raffles and Lotteries|370|-|-|370|-|
||Sundry items of income|-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|370|-|-|370|-|
||||||||
||Conversion of endowment funds into income|-|-|-|-|-|
||Gain on disposal of a tangible fixed asset held for|-|-|-|-|-|
||
Gain on disposal of a programme related|-|-|-|-|-|
||
Royalties from the exploitation of intellectual|-|-|-|-|-|
||
Other|-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
|||125,886|57,460|-|183,346|116,999|
## **Other information:**
**All income in the prior year was unrestricted except for: (please provide description and amounts)**
Not applicable
**Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.**
Not applicable
**Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)**
Not applicable
**Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).**
Not applicable
16
**Section C Notes to the accounts (cont)**
|**Section C**|**Notes to the accounts**
**(cont)**|**Notes to the accounts**
**(cont)**|**Notes to the accounts**
**(cont)**|**Notes to the accounts**
**(cont)**|**Notes to the accounts**
**(cont)**|**Notes to the accounts**
**(cont)**|**Notes to the accounts**
**(cont)**|
|---|---|---|---|---|---|---|---|
|**Analysis of expenditure o**
**Separate material item of**
**expense**
**Expenditure on charitable**
**activities**
**Note 6**
**Expenditure on raising**
**funds:**
**TOTAL EXPENDITURE**
**Other information:**
**Other**|**Unrestricted Restricted Endowmen Total funds**
**Prior year**
**£**
**£**
**£**
**£**
**£**
**Expenditure**
**Analysis of expenditure**|||||||
||Incurred seeking donations||5,606|-|-|5,606|-|
||Fundraising Agents||12,007|||12,007||
||Incurred seeking legacies||-|-|-|-|-|
||Incurred seeking grants||-|-|-|-|-|
||Operating membership schemes and social||-|-|-|-|-|
||Staging fundraising events||157|-|-|157|304|
||Fundraising agents / Fundraiser Costs||-|-|-|-|3,577|
||Operating charity shops||-|-|-|-|3,992|
||Operating a trading company undertaking non-||-|-|-|-|-|
||Advertising, marketing, direct mail and publicity||207|-|-|207|137|
||Start up costs incurred in generating new||-|-|-|-|-|
||Database development costs||-|-|-|-|-|
||Other trading activities||2,490|-|-|2,490|316|
||Investment management costs:||-|-|-|-|-|
||Portfolio management costs||-|-|-|-|-|
||Cost of obtaining investment advice||-|-|-|-|-|
||Investment administration costs||-|-|-|-|-|
||Intellectual property licencing costs||-|-|-|-|-|
||Rent collection, property repairs and
maintenance charges||-|-|-|-|-|
||||-|-|-|-|-|
||**Total expenditure on raising funds**||20,467|
-|-|20,467|8,326|
|||||||||
||
Approved BeekeepingProjects||-|75,584||75,584|95,825|
||Assessment Visits||-|386||386|-|
||Other Expenditure||-|85||85|1,221|
||**Total expenditure on charitable activities**||-|76,055|-|76,055|97,046|
|||||||||
||Administration||15,944|-|-|15,944|8,584|
||Audit, Accountancy and Legal Fees||13|-|-|13|13|
||
Bees Abroad Branding||8,690|-|-|8,690|-|
||
Social Media and Donor Support||600|-|-|600|-|
||
Policy Development-Theory of Change||3,153|-||3,153|-|
||
**Total**||28,400|-|-|28,400|8,597|
|||||||||
||Bank Charges||278|-|-|278|608|
||Office and administrative overheads||6,412|-|-|6,412|2,404|
||Sundryitems of Expense||700|-|-|700|158|
||Trustee and volunteer expenses||1,061|-|-|1,061|614|
||||-|-|-|-|-|
||**Total other expenditure**||8,451|-|-|8,451|3,784|
||**n charitable activities**|||||||
||||57,318|76,055|-|133,373|117,753|
|||||||||
|**Activity or programme**|**Activities undertaken directly**|||**Grant**
**funding of**
**activities**|
**Support**
**Costs**|**Total this**
**year**|**_Total_**
**_prior year_**|
||**£**|||**£**|**£**|**£**|**£**|
|Projects in Cameroon|Training and support for beekeeping projects|||-|-||-|
|Projects in Fiji|Training and support for beekeeping projects|||-|-|-|-|
|Projects in Ghana|Training and support for beekeeping projects|||21,644|6,386|28,030|19,338|
|Projects in India|Training and support for beekeeping projects|||-|-|-|-|
|Projects in Kenya|Training and support for beekeeping projects|||2,575|7,267|9,842|13,173|
|Projects in Malawi|Training and support for beekeeping projects|||-|-|-|6,246|
|Projects in Nepal|Training and support for beekeeping projects|||1,500|-|1,500|4,000|
|Projects in Nigeria|Training and support for beekeeping projects|||-|-|-|10,482|
|Projects in Rwanda|Training and support for beekeeping projects|||823|1,839|2,662|1,660|
|Projects in Sierra Leone|Training and support for beekeeping projects|||2,050|-|2,050|6,880|
|Projects in Tanzania|Training and support for beekeeping projects|||6,022|388|6,410|8,220|
|Projects in Uganda|Training and support for beekeeping projects|||13,970|11,591|25,561|27,047|
|Projects in Zambia|Training and support for beekeeping projects|||-|-|-|-|
|Other||||-|-||-|
|**Total**||||48,584|27,471|76,055|97,046|
|||||||||
|**Prior year expenditure on charitable activities can be**
**analysed as follows:**||Not applicable||||||
|||||||||
|**Within the expenditure items above the following items**||Not applicable||||||
|||||||||
|**Where sums originally denominated in foreign**||Not applicable||||||
17
**Section C**
**(cont)**
**Notes to the accounts**
## **Note 18 Stocks**
## _**Please complete this note if the charity holds any stock items**_
## **18.1 Please state the carrying amount of stock and work in progress analysed between activities.**
|**For distribution**
**For resale**
**For**
**distribution**
**For resale**
**£**
**£**
**£**
**£**
**£**
**Charitable activities:**
**_Opening_**
-
-
-
-
-
**_Added in period_**
-
-
-
-
-
**_Expensed in period_**
-
-
-
-
-
**_Impaired_**
-
-
-
-
-
**_Closing_**
**-**
**-**
**-**
**-**
**-**
**Other trading activities:**
**_Opening_**
-
2,361
-
-
-
**_Added in period_**
-
254
-
-
-
**_Expended in period_**
-
-
1,554
-
-
-
**_Stock Revaluation_**
-
-
-
-
-
**_Impaired_**
-
-
-
-
-
**_Closing_**
**-**
**1,061**
**-**
**-**
**-**
**Other:**
**_Opening_**
-
-
-
-
-
**_Added in period_**
-
-
-
-
-
**_Expensed in period_**
-
-
-
-
-
**_Impaired_**
-
-
-
-
-
**_Closing_**
**-**
**-**
**-**
**-**
**-**
**Total this year**
-
-
-
-
-
**_Total previous year_**
-
-
-
-
-
**18.2 Please specify the carrying amount of any**
**stocks pledged as security for liabilities**
None
**Stock**
**Donated goods**
**Work in**
**progress**|
**Stock**|
**Stock**|
**Donated goods**|
**Donated goods**|
**Work in**
**progress**|
|---|---|---|---|---|---|
||**For distribution**|**For resale**|**For**
**distribution**|**For resale**||
||**£**|**£**|**£**|**£**|**£**|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
|||||||
|||||||
||-|2,361|-|-|-|
||-|254|-|-|-|
||-|-
1,554|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**1,061**|**-**|**-**|**-**|
|||||||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
||-|-|-|-|-|
||-|-|-|-|-|
|||||||
|||None||||
## **18.3 Additional note**
18
**Section C**
**(cont)**
**Notes to the accounts**
## **Note 19 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
## **19.1 Analysis of debtors**
|**Trade debtors**
**Prepayments and accrued income**
BBKA
**Other debtors (amounts due from**
**subsidiary undertakings)**
Enthuse: Gift Aid
Goosebec
HMRC: Gift Aid
Just Giving
PayPal Giving Fund
The Coles-Medlock Foundation
Step-up Fund
Miscellaneous Personal
Donations / Purchases
**Total**|**This year**|**This year**|**This year**|**Last year**|**Last year**|**Last year**|
|---|---|---|---|---|---|---|
||**Unrestri**
**cted**|**Restrict**
**ed**|**Total**|**Unrestri**
**cted**|**Restrict**
**ed**|**Total**|
||**£**|**£**|**£**|**£**|**£**|**£**|
||||||||
||||||||
||120|-|120|120|-|120|
||||||||
||350|-|350|
-|-|-|
||6,000|-|6,000|
-|-|-|
||6,571|4,654|11,225|10,017|7,563|17,580|
||278|-|278|66|-|66|
||-|-|-|325|-|325|
||-|-|-|5,000|-|5,000|
||10,000|-|10,000|
-|-|-|
||-|-|-|355|-|355|
||**23,319**|**4,654**|**27,973**|**15,883**|**7,563**|**23,446**|
_**Complete 19.2 where a material debtor is recoverable more than a year after the reporting**_ **19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)**
|**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**
|**This year**
|**This year**
|**This year**
|**Last year**
|**Last year**
|**Last year**
|
|---|---|---|---|---|---|---|
||**Unrestri **|**Restrict**
|**Total**
|**Unrestri **|**Restrict**
|**Total**
|
||**£**|**£**|**£**|**£**|**£**|**£**|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||~~-~~|~~-~~|~~-~~|~~-~~|~~-~~|~~-~~|
19
**Section C**
**(cont)**
**Notes to the accounts**
## **Note 20 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|**20.1 Analysis of creditors**|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Accruals for grants payable|**Amounts falling due within one year**||||||**Amounts falling due after more than one year**||||||
||**This year**|||**Last year**|||**This year**|||**Last year**|||
||**Unrestr**
**icted**|**Restric**
**ted**|**Total**|**Unrestr**
**icted**|**Restric**
**ted**|**Total**|**Unrestr**
**icted**|**Restric**
**ted**|**Total**|**Unrestr**
**icted**|**Restricte**
**d**|**Total**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
||-|-|-|-|-|-|-|-|-|-|-|-|
|Bank loans and overdrafts|-|-|-|-|-|-|-|-|-|-|-|-|
|Trade creditors
Payments received on account for
contracts or performance-related
grants
Accruals and deferred income
Taxation and social security
Other creditors
**Total**|-|-|-|-|-|-|-|-|-|-|-|-|
||-|-|-|-|-|-|-|-|-|-|-|-|
||-|-|-|-|-|-|-|-|-|-|-|-|
||-|-|-|-|-|-|-|-|-|-|-|-|
||1,920|1,461|3,381|2,995|4,911|7,906|
-|-|-|-|-|-|
||1,920|1,461|3,381|2,995|4,911|7,906|
-|-|-|-|-|-|
## **20.2 Deferred income**
_**Please complete this note if the charity has deferred income.**_
_**Please explain the reasons why income is deferred.**_
|**_Movement in deferred income account_**
**Balance at the end of the reporting period**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**|**This year**|**This year**|**This year**|**Last year**|**Last year**|**Last year**|
|---|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|**£**|
||||-|||-|
||||-|||-|
||||-|||-|
||||-|||-|
20
**Section C**
**(cont)**
**Notes to the accounts**
## **Note 22 Other disclosures for debtors, creditors and other basic financial instruments**
22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.
_The risk of debtor default is very low given that the debtors are Just Giving (who have paid most of what is owed), HMRC for estimated gift aid, the other two significant debtors relate to the Big Give fundraiser at the end of the year and paid early in 2023. Creditors represent around 1.8% of the charity's turnover_
22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conditions related to its pledge should be given here.
_Not applicable_
21
**Section C Notes to the accounts**
**(cont)**
## **Note 24 Cash at bank and in hand**
|(less than 3 months maturity
Short term deposits
Cash at bank and on hand
Other
**Total**|**This year**|**This year**|**This year**|**Last year**|**Last year**|**Last year**|
|---|---|---|---|---|---|---|
||Unrestric
ted|Restricted|Total|Unrestricte
d|Restricte
d|Total|
||**£**|**£**|**£**|**£**|**£**|**£**|
||||||||
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||117,057|11,796|128,853|116,377|-29,746|86,631|
||-|-|-|-|-|-|
||117,057|11,796|128,853|116,377|- 29,746|86,631|
22
**Section C**
**(cont)**
**Notes to the accounts**
## **Note 25 Fair value of assets and liabilities**
25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.
The charity's debtors are: HMRC for Gift Aid, Just Giving, PayPal, Enthuse Goosebec, and Step-up Fund all of which we deem to be at low risk of defaulting. All but HMRC was settled early in 2023
25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.
No change, creditors are valued at the level payable on invoices received within the time period allowed for the completion of accounts.
23
**Section C**
**(cont)**
**Notes to the accounts**
## **Note 27 Charity funds**
## **27.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet. * Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|Fund names|Type PE,
EE R or
UR *|
Purpose and
Restrictions|Fund
balances
brought
forward
£|Income
£|Expenditure
£|Transfers
see note
27.3
£|Gains
and
losses
£|Fund
balances
carried
forward
£|
|---|---|---|---|---|---|---|---|---|
|Projects in Cameroon|R|Training and support for
beekeeping projects in
these Countries|6,145|-|-|-|-|6,145|
|Projects in Fiji|R||-|-|-|-|-|-|
|Projects in Ghana|R||5,934|21,644|-
28,030|10,975|-|10,523|
|Projects in India|R||-|-|-|-|-|-|
|Projects in Kenya|R||3,814|2,575|-
9,842|4,768|-|1,315|
|Projects in Malawi|R||-
|-|-|-|-|-|
|Projects in Nepal|||1,600
|7,590|-
1,500|-|-|7,690|
|Projects in Nigeria|R||249|-|-|-|-|249|
|Projects in Rwanda|R||1,201|823|-
2,662|1,786|-|1,148|
|Projects in Sierra Leone|R||-|3,500|-
2,050|2,050|-|3,500|
|Projects in Tanzania|R||684|6,022|-
6,410|388|-|684|
|Projects in Uganda|R||7,418|13,970|-
25,561|11,913|-|7,740|
|Projects in Zambia|R||170|-|-|-|-|170|
|Beekeepers for Life|R|Training and support for
women beekeepers|6,369|1,336|-|-|-|7,705|
|Sub-total restricted|||33,584|57,460|-
76,055|31,880|-|46,869|
|_Other funds (balancing_
|N/a|N/a|70,948|125,887|-
57,318|-
31,880|-|107,637|
|~~_fi_~~
~~_)_~~
**Total Funds as per balance sheet**|||104,532
|183,347|-
133,373|-|-|154,506|
|Fund balances carried forward include assets and liabilities denominated in a
foreign currency|Fund balances carried forward include assets and liabilities denominated in a
foreign currency|~~Yes~~*
No*|~~Yes~~*
No*|
|---|---|---|---|
||||ü|
|||||
|_If yes, please state the basis on which the assets and/or liabilities_
_have been translated into sterling (or the currency in which the_
_accounts are drawn up)._|Bees abroad accounts to all income and
expenditure, assets and liabilities in
sterling|||
24
## **Section C**
## **Note 27**
## **Notes to the accounts**
## **Charity funds**
## **(cont)**
## 27.2 Details of material funds held and movements during the PREVIOUS reporting period
_Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet._
_* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds_
|**Fund names**|**Type PE,**
**EE R or**
**UR ***|
**Purpose and**
**Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|
**Income**
**£**|**Expenditure **
**£**|**Transfers**
**£**|**Gains**
**and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|---|---|---|
|Projects in Cameroon|R|Training and
support for
beekeeping projects|6,145|-|-|
-|-|6,145|
|Projects in Fiji|R||-|
-|
-|-|
-|-|
|Projects in Ghana|R||7,935|4,500|-
19,338|12,837|-|5,934|
|Projects in India|R||-|
-|
-|-|
-|-|
|Projects in Kenya|R||4,310|1,858|-
13,173|10,819|-|3,814|
|Projects in Malawi|R||-|
-|-
6,246|6,246|-|-|
|Projects in Nepal|R||1,600|-|-
4,000|4,000|-|1,600|
|Projects in Nigeria|R||1,435|-|-
10,482|9,296|-|249|
|Projects in Rwanda|R||1,504|-|-
1,660|1,357|-|1,201|
|Projects in Sierra Leone|R||56|1,345|-
6,880|5,479|-|-|
|Projects in Tanzania|R||684|6,498|-
8,220|1,722|-|684|
|Projects in Uganda|R||7,083|18,461|-
27,048|8,922|-|7,418|
|Projects in Zambia|R||170|-|-|
-|-|170|
|Creating Beekeepers for Life
(Women's Campaign)|R|Training and support
for women
beekeepers|3,083|3,286|-|-|
-|6,369|
|Sub-total restricted|||34,005|35,948|-
97,047|60,678|-|33,584|
|Other funds (balancing figure)|UR|General Funds|71,282|81,051|-
20,707|- 60,678|-|70,948|
|Fund balances carried forward include assets and liabilities denomina
foreign currency
**Total Funds as per balance sheet**|||105,287
|116,999|-
117,754|-|-|104,532|
||||ted in a||||||
||||||ü||||
25
**Section C**
**(cont)**
**Notes to the accounts**
## **Note 27 Charity funds (cont)**
## **27.3 Transfers between funds**
|**27.3 Transfers between**|**funds**||
|---|---|---|
||**Reason for transfer and where endowment is converted to**
**income, legalpower for its conversion**|**Amount**|
|Between unrestricted and
restricted funds|To cover expenditure on projects covered by a restricted fund
where restricted income was insufficient|31,880|
|Between endowment and
restricted funds|||
|Between endowment and
unrestricted funds|||
## **27.4 Designated funds**
|**27.4 Designated funds**|||
|---|---|---|
|**Planned use**|**Purpose of the designation**|**Amount**|
|All restricted funds|
Tp promote locally appropriate beekeeping to enable
participants to generate income to enhance their livelihoods,
alleviate poverty and improve their quality of life.||
||||
||||
||||
||||
||||
26
**Section C Notes to the accounts (cont)**
## **Note 28 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
**28.1 Trustee remuneration and benefits**
**None of the trustees have been paid any remuneration or received any other benefits from an** TRUE **employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**Name of trustee**|**Legal**
**authority**
**(eg order,**
**governing**
**document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|
|---|---|---|---|---|---|---|---|
|||**This year**|||||**Last year**|
|||Remuner
ation
|Pension
contributio
n|Redundan
cy
(including
loss of
office)/ex|Other|TOTAL||
|||**£**|**£**|**£**|**£**|**£**|**£**|
|We record here any payments paid to trustees to reimbures expen
three manage beekeeping projects in Africa.||se incurred or to support the costs of projects they manage. All||||||
|John Daffern-Expenses, e.g. travel and accomodation|||||108|108||
|Kay Williams-Expenses, e.g. travel and accomodation|||||331|331||
|Neil Brent-Reimbursement of bees abroad costs paid|||||13|13||
|Neil Brent-Reimbursement of Beekeeping Project Costs|||||2,050|2,050|8,420|
|Richard Ridler-Reimbursement of Beekeeping Project Costs|||||30,324|30,324|26,744|
|Richard Ridler-Reimbursement of bees abroad costs paid|||||6,548|6,548||
|Richard Ridler-Expenses, e.g. travel and accomodation|||||2,091|2,091|614|
|Richard Ridler-Fundraising Expenses|||||20|20|50|
|Richard Ridler-Recruitment Expenses|||||0|0|175|
||||||**41,485**|**41,485**|**36,003**|
|||||||||
|_Please give details of why remuneration or other employment_
_benefits werepaid._||Not applicable||||||
|_Where an ex gratia payment has been made to a trustee, provide_
_an explanation of the nature of thepayment._||Not applicable||||||
|_If a third party has been reimbursed for providing one or more_
_trustees, state the nature of thepayment and amount of the_||Not applicable||||||
|_State the number of trustees to whom retirement benefits are_
_accruing under a defined contributionpension scheme._||Not applicable||||||
## **28.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
||||
|---|---|---|
|**No trustee expenses have been incurred (True or False)**||**_FALSE_**|
||||
|**Type of expenses reimbursed**|**This year**|**Last year**|
||**£**|**£**|
|**Travel**|887|1,806|
|**Subsistence**|0|207|
|**Accommodation**|199|160|
|**Other (please specify):**|||
|**Beekeeping projects in Africa**|4,141|9,363|
|**Telephone**|25|50|
|**Fundraising Expenses**|119|0|
|**Purchases for the shop**|193|355|
|**TOTAL**|5,564|11,941|
**Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity**
**3**
## **28.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**_TRUE_**|
|---|---|---|---|---|---|---|
||||||||
|**Name of the trustee or**
**related party**|**Relationship to charity**|**Descriptio**
**n of the**
**transactio**
**n(s)**|**Amount**|**Balance**
**at period**
**end**|**Provision for bad**
**debts at period**
**end**|**Amounts written off**
**during reporting**
**period**|
||||**£**|**£**|**£**|**£**|
|None|||||||
|None|||||||
|None|||||||
|None|||||||
|_For any related party, please provide details of any guarantees_
_given or received._
_In relation to the transactions above, please provide the terms and_
_conditions, including any security and the nature of any payment_
_(consideration) to be provided in settlement._|||||||
||||
Not applicable||||
||||||||
||||Not applicable||||
27