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2021-12-31-accounts

Trustees Ms Lucy Grieve
Dr Timothy Stephen Mair (resigned 4 October 2021)
Prof James Lionel Norman Wood
Dr Jonathan
Francis
Pycock
Mr Roly Alan Owers
Ms Frances James
Mr Neil Townsend
Mr Huw Griffiths
Mr David lan Rendle
Dr Roger Kenneth Whealands Smith (appointed 4 November 2021)
Company registered
number 07164745
Charity registered
number 1138672
Registered office Mulberry
House
31 Market Street
Fordham
CB75LQ
Chief executive officer Mr D R Mounfford
Independent auditors Peters Elworthy
& Moore
Chartered
Accountants
Salisbury House
Station Road
Cambridge
CB1 2LA
Solicitors Mills &Reeve LLP
Botanic House
100Hills Rd
Cambridge
CB2 1PH

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note 2
INCOME FROM:
Donations
and legacies
6,009 6,009 2,500
Charitable
activities
903,664 903,664 614,987
Other trading
activities
802,062 802,062 555,761
Investments 7,755 5,482 ' 13,237 13,234
Other income 4,265
TOTAL INCOME 1,713,481 11,491 1,724,972 1,190,747
EXPENDITURE ON:
Raising funds:
Fundraising
trading
830,980 830,980 450,094
Investment
management
3,394 3,394 3,051
Charitable
activities
8 917,230 8,022 925,252 658,081
TOTAL EXPENDITURE 1,748,210 11,416 1,759,626 1,111,226
NET (EXPENDITURE)/INCOME
BEFORE NET GAINS ON
INVESTMENTS (34,729) 75 (34,654) 79,521
Net gains on investments 13 54,781 24,786 79,567 35,318
NET INCOME 20,052 24,861 44,913 114,839
Transfers
between
funds
17 8,000 (8,000)
NET MOVEMENT
IN FUNDS
28,052 16,861 44,913 114,839
RECONCILIATION
OF FUNDS:
Total funds brought
forward
17 1,488,647 215,319 1,703,966 1,589,127
Net movement
in funds
28,052 16,861 44,913 114,839
TOTAL FUNDS CARRIED FORWARD 1,516,699 232,180 1,748,879 1,703,966

Note 2021f 2021
2
2020
p
2020
6
FIXEDASSETS
Tangible assets 12 401,040 352,013
Investments 13 833,492 769,232
1,234,532 1,121,245
CURRENT ASSETS
Stocks 14 21,250 16,227
Debtors 15 252,775 433,649
Cash at bank and in hand 20 918,224 663,965
1,192,249 1,335,641
Creditors: amounts falling due within one
year 16 (677,902) (753,120)
NET CURRENT ASSETS 514,347 562,721
TOTAL NET ASSETS 1,748,879 1,703,966
CHARITY FUNDS
Restricted funds 17 232,180 215,319
Unrestricted
funds
17 1,516,699 1,466,647
TOTAL FUNDS 1,748,879 1,703,966

2021 2020
Note F 2
FIXEDASSETS
Tangible assets 12 339,080 344,633
Investments 13 612,687 569,845
951,767 914,478
CURRENT ASSETS
Stocks 14 1,261 2,147
Debtors 15 228,215 333,182
Cash at bank and in hand 549,162 401,254
778,638 736,583
Creditors: amounts
falling due within one
year 16 (444,374) (420,081)
NET CURRENT ASSETS/(LIABILITIES) 334,264 316,502
TOTAL NET ASSETS 1,286,031 1,230,980
CHARITY FUNDS
Restricted
funds
17 (1,755) (742)
Unrestricted
funds
17 1,287,786 1,231,722
TOTAL FUNDS 1,286,031 1,230,980

2021 2020
Note 2 6
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used
in operating
activities
19 88,711 (22,553)
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interests and rents from investments 5 13,237 13,234
Purchase of tangible fixed assets 12 (82,996) (7,667)
Net cash withdrawn from investments 15,307 7,438
NET CASH (USED IN)/PROVIDED BYINVESTING ACTIVITIES (54,452) 13,005
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 34,259 (9,548)
Cash and cash equivalents
at the beginning
of the year
883,965 693,513
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 20 918,224 683,965
The notes on pages 26 to 47 form part of these financial statements

Restricted Total Total
funds funds funds
2021 2021 2020
6 6 6
6,009 6,009 2,500
2,500 2,500

Unrestricted Total Total
funds funds funds
2021 2021 2020
6 6 6
Membership 571,701 571,701 542,977
Congress 115,704 115,704 270
CPD 210,222 210,222 66,301
Other 6,037 6,037 5,439
903,664 903,664 614,987
TOTAL 2020 614,987 614,987
TRADING ACTIVITIES
Unrestricted Total Total
funds funds funds
2021f 2021f 2020
E
INCOME NET OF GROUP TRANSACTIONS
BEVA Enterprises Limited 270,007 270,007 32,104
Equine Veterinary Journal Limited 532,055 532,055 523,657
802,062 802,062 555,761
EXPENDITURE NET OF GROUP TRANSACTIONS
BEVA Enterprises Limited 448,640 448,640 104,123
Equine Veterinary Journal Limited 382,340 382,340 345,971
(830,980) (830,980) (450,094)
NET INCOME/(EXPENDITURE)
ACTIVITIES
FROM TRADING (28,918) (28,918) 105,667

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
F 6 6 6
Investment income 7,278 5,454 12,732 12,015
Interest receivable 437 28 465 856
Interest receivable 40 40 363
7,755 5,482 13,237 13,234
TOTAL 2020 7,789 5,445 13,234

Unrestricted Total Total
funds funds funds
2021 2021 2020
2 6
Other operating income 4,265
TOTAL 2020 4,265 4,265

Restricted Total Total
funds funds funds
2021 2021 2020
2 6 6
Investment management fees 3,394 3,394 3,051
TOTAL 2020 3,051 3,051

Activities Grant
undertaken funding
of
Support Total Total
directly activities costs funds funds
2021 2021 2021 2021 2020
E 8 E F 8
Membership 22,076 331,909 353,985 443,087
Congress 82,599 68,129 150,728 (8,856)
CPD 227,204 122,048 349,252 143,665
Safer Horse Rescues 1,013 1,013 2,374
Other 1,168 32,630 24,560 58,358 65,383
BEVA Trust 11,916 11,916 12,428
334,060 32,630 558,562 925,252 658,081
TOTAL 2020 110,253 32,630 515,198 658,081

Total Total
funds funds
2021 2020
8 8
Membership 22,076 19,785
Congress 82,599 (9,064)
CPD 227,204 92,687
Safer Horse Rescues 1,013 2,374
Other 1,168 3,184
BEVA Trust 1,287
334,060 110,253

Membership Congress CPD Other
2021 2021 2021 2021
E 8 8 2
Staff costs 227,483 46,695 83,650 16,834
Depreciation 5,350 1,098 1,967 396
Administration expenses 58,243 11,955 21,416 4,310
Auditors'
remuneration
3,086 633 1,135 228
Accountancy costs 2,379 488 875 176
Trustees
travel reimbursed
(1,168) 395 708 142
Trustees expenses reimbursed 7,874 981 1,758 354
Council meeting costs 797 164 293 58
Presidential stipend 27,865 5,720 10,246 2,062
331,909 68,129 122,048 24,560
Total Total
6EVA Trust funds funds
2021 2021 2020
8 2
Staff costs 7,867 382,529 380,243
Depreciation 8,811 10,249
Administration expenses 2,849 98,773 76,760
Auditors'
remuneration
5,082 4,550
Accountancy costs 1,200 5,118 5,651
Trustees travel reimbursed 77 606
Trustees expenses reimbursed 10,967 3,632
Council meeting costs 1,312 1,429
Presidential stipend 45,893 32,078
11,916 558,562 515,198

Grants to Total Total
Individuals funds funds
2021 2021 2020
6 6
Low 8 middle income countries memberships 32,630 32,630 32,630
TOTAL 2020 32,630 32,630
AUDITORS' REMUNERATION
2021 2020
6
Fees payable
accounts
to the group's auditor for the audit of the Company's annual 12,210 12,210
Fees payable to the Company's auditor in respect of:
All taxation advisory services not included above 1,190 1,190
All non-audit services not included
above
8,001 8,230

Group Group Company Company
2021 2020 2021 2020
2 6 2 6
Wages and salaries 426,438 415,629 364,665 353,857
Social security costs 38,437 40,487 32,050 36,314
Other pension costs 26,244 26,960 21,611 22,327
491,119 483,076 418,326 412,498

Land and Other fixed
buildings assets Total
2 2 2
COST OR VALUATION
At 1 January 2021 445,518 277,446 722,964
Additions 82,996 82,996
At 31 December 2021 445,518 360,442 805,960
DEPRECIATION
At 1 January 2021 110,567 260,384 370,951
Charge for the year 7,169 26,800 33,969
At 31 December 2021 117,736 287,184 404,920
NET BOOK VALUE
At 31 December 2021 327,782 73,258 401,040
At 31 December 2020 334,951 17,062 352,013

Land and Other fixed
buildings assets Total
2 F 2
COST OR VALUATION
At 1 January 2021 396,093 37,057 433,150
Additions 3,258 3,258
At 31 December 2021 396,093 40,315 436,408
DEPRECIATION
At 1 January 2021 61,142 27,375 88,517
Charge for the year 7,169 1,642 8,811
At 31 December 2021 68,311 29,017 97,328
NET BOOK VALUE
At 31 December 2021 327,782 11,298 339,080
At 31 December 2020 334,951 9,682 344,633
Included
in
land
and
buildings is freehold land at a cost of 250,000 (2020 - 250,000) which is not
depreciated.
FIXEDASSET INVESTMENTS
Listed Cash on
investments deposit Total
GROUP 2 2 2
COST OR VALUATION
At 1 January 2021 767,629 1,603 769,232
Additions 238,203 238,203
Disposals (sale proceeds 2259,814, realised gain 216,894) (242,920) (242,920)
Revaluations 62,673 62,673
Cash movement 6,304 6,304
AT 31 DECEMBER 2021 825,585 7,907 833,492

Investments
in
subsidiary Listed
companies investments Total
COMPANY 2 2
COST OR VALUATION
At 1 January 2021 103 569,742 569,845
Additions 208,845 208,845
Disposals (206,521) (206,521)
Revaluations 40,518 40,518
AT 31 DECEMBER 2021 103 612,584 612,687

Names Company Registered office
number or principal place
of business
BEVA Enterprises Limited 03542292 Mulberry
House,
31 Market Street,
Fordham, Ely,
Gamba, CB7SLQ

Names Income Expenditure Profit/(Loss) Net assets
2 / Surplus/
(Deficit) for
the year
2
BEVA Enterprises Limited 393,078 (420,590) (27,512) 32,363
Equine Veterinary Journal Limited 608,779 (439,139) 169,640 197,153

Group Group Company Company
2021 2020 2021 2020
5 2 F
Finished goods and goods for resale 21,250 18,227 1,261 2,147
DEBTORS
Group Group Company Company
2021 2020 2021 2020
2 9 2 2
DUE WITHIN ONE YEAR
Trade debtors 49,966 110,621 2,205
Amounts owed by group undertakings 167,147 253,232
Amounts owed by participating interests 11,553 36,656
Other debtors 127,382 56,046 24,146 12,934
Prepayments and accrued income 75,427 266,982 23,164 30,360
252,775 433,649 228,215 333,162

Group Group Company Company
2021
8
2020 2021f 2020
2
Trade creditors 119,395 16,124 33,692 7,777
Other taxation and social security 22,149 18,096 9,048 9,661
Other creditors 68,676 31,808 16,375 20,596
Accruals and deferred income 467,682 687,092 385,259 382,047
677,902 753,120 444,374 420,081
Group Group Company Company
2021 2020 2021 2020
2 8 2
Deferred income at 1 January 2021 560,835 364,952 365,993 314,313
Resources deferred during the year 326,897 560,835 323,132 365,993
Amounts released from previous periods (560,835) (364,952) (365,993) (314,313)
326,897 560,835 323,132 365,993

Balance at
Balance at 1 31
January Transfers Gains/ December
2021 Income Expenditure in/(out) (Losses) 2021
F 2 2 2 6
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
Property
fund
334,951 (7,169) 327,782
GENERAL FUNDS
BEVA Limited 874,734 711,624 (888,481) 185,309 54,781 937,967
BEVA Enterprises
Limited 59,872 393,078 (420,590) 32,360
Equine Veterinary
Journal
Limited
219,090 608,779 (439,139) (170,140) 218,590
1,153,696 1,713,481 (1,748,210) 15,169 54,781 1,188,917
TOTAL
UNRESTRICTED
FUNDS 1,488,647 1,713,481 (1,748,210) 8,000 54,781 1,516,699
RESTRICTED
FUNDS
Other restricted
funds (742) 2,960 (3,973) (1,755)
BEVA Trust 216,061 8,531 (7,443) (8,000) 24,786 233,935
215,319 11,491 (11,416) (8,000) 24,786 232,180
TOTAL OF FUNDS 1,703,966 1,724,972 (1,759,626) 79,567 1,748,879

Balance at
Balance at 31
1 January Transfers Gains/ December
2020 Income Expenditure in/(out) (Losses) 2020
2 8
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
Property
fund
342,120 (7,169) 334,951
GENERAL FUNDS
BEVA Limited 692,151 467,589 (550,374) 226,281 39,087 874,734
BEVA Enterprises
Limited 106,227 122,237 (168,592) 59,872
Equine Veterinary
Journal
Limited
219,605 592,976 (382,379) (211,112) 219,090
1,017,983 1,182,802 (1,101,345) 15,169 39,087 1,153,696
TOTAL
UNRESTRICTED
FUNDS 1,360,103 1,182,802 (1,101,345) 8,000 39,087 1,488,647
RESTRICTED
FUNDS
Other restricted
funds 1,632 (2,374) (742)
BEVA Trust 227,392 7,945 (7,507) (8,000) (3,769) 216,061
229,024 7,945 (9,881) (8,000) (3,769) 215,319
TOTAL OF FUNDS 1,589,127 1,190,747 (1,111,226) 35,318 1,703,966

ANALYSIS OF NET ASSETS BETWEEN FUN DS - PRIOR YEAR
Unrestricted Restricted Total
funds funds funds
2020 2020 2020
2 2
Tangible fixed assets 352,013 352,013
Fixed asset investments 569,715 199,517 769,232
Current assets 1,281,441 54,400 1,335,841
Creditors due within one year (714,522) (38,598) (753,120)
TOTAL 1,486,647 215,319 1,703,966

Group Group
2021 2020
2 2
Net income for the year (as per Statement of Financial Activities) 44,913 114,839
ADJUSTMENTS FOR:
Depreciation
charges
33,969 25,366
Losses on investments (79,567) (35,318)
Dividends,
interests
and rents from investments (13,237) (13,234)
(Increase)/decrease in stocks (3,023) 4,624
(Increase)/decrease in debtors 180,874 (198,491)
Increase/(decrease) in creditors (75,218) 79,661
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES 88,711 (22,553)

Group Group
2021 2020
8
Cash in hand 918,224 883,965
TOTAL CASH AND CASH EQUIVALENTS 918,224 883,965

At 1 At 31
January December
2021 Cash flows 2021
6
Cash at bank and in hand 883,965 34,259 918,224
883,965 34,259 918,224

payments und er non-cancellable
operating
leases as follows:
Group Group
2021 2020
F 6
Not later than 1 year 5,049 4,656
Later than 1 year and not later than 5 years 5,820
5,049 10,476