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|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|||||
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|||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||||||
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|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|
##
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##
##
##
##
|||||||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|
##
##
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##
##
##
|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|
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|||||||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|
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|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|
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