| Page | |||
|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, its Trustees and Advisers | ||
| Trustees' Report |
2 - 16 | ||
| Independent | Auditors' Report |
17-21 | |
| Consolidated | Statement ofFinancial Activities | ||
| Consolidated | Balance Sheet | 23 | |
| Company Balance Sheet |
24 | ||
| Consolidated | Statement ofCash Flows | ||
| Notes to the | Financial Statements | 26-47 |
| REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, |
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, |
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, |
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, |
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, |
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, |
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, |
ITSTRUSTEES AND ADVISERS |
|---|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED | 31 DECEMBER | 2022 | |||||
| Trustees | Prof James Lionel | Norman | Wood | ||||
| Mr Roly Alan Owers | |||||||
| Ms Frances James | |||||||
| Mr Neil Townsend | |||||||
| Mr Huw Griffiths | |||||||
| Mr David lan Rendle | |||||||
| Dr Roger Kenneth | Whealands | Smith | |||||
| Mr Bruce Bladon | |||||||
| Company | registered | ||||||
| number | 07164745 | ||||||
| Charity registered | |||||||
| number | 1138672 | ||||||
| Registered | office | Mulberry House |
|||||
| 31 Market Street | |||||||
| Fordham | |||||||
| CB7SLQ | |||||||
| 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 | |||||||
| 100 Hills Rd | |||||||
| Cambridge | |||||||
| CB2 1PH |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Note | E | E | 8 | ||
| INCOME FROM: | |||||
| Donations and legacies |
9,515 | 9,515 | 6,009 | ||
| Charitable activities |
1,118,437 | 1,118,437 | 903,664 | ||
| Other trading activities |
921,597 | 921,597 | 802,062 | ||
| Investments | 14,907 | 6,163 | 21,070 | 13,237 | |
| Other income | 6,357 | 6,357 | |||
| TOTAL INCOME | 2,061,298 | 15,678 | 2,076,976 | 1,724.972 | |
| EXPENDITURE ON: | |||||
| Raising funds: | |||||
| Fundraising trading |
919,197 | 919,197 | 830,980 | ||
| Investment management |
3,384 | 3,384 | 3,394 | ||
| Charitable activities |
8 | 1,108,955 | 14,124 | 1,123,079 | 925,252 |
| TOTAL EXPENDITURE | 2,028,152 | 17,508 | 2,045,660 | 1,759,626 | |
| NET INCOME/(EXPENDITURE) | |||||
| BEFORE NET (LOSSES)/GAINS ON INVESTMENTS |
33,146 | (1,830) | 31,316 | (34,654) | |
| Net (losses)/gains on investments |
13 | (68,663) | (16,938) | (85,601) | 79,567 |
| NET (EXPENDITURE)/INCOME | (35,517) | (18,768) | (54,285) | 44,913 | |
| Transfers between funds |
17 | 8,000 | (8,000) | ||
| NET MOVEMENT IN FUNDS |
(27,517) | (26,768) | (54,285) | 44,913 | |
| RECONCILIATION OF FUNDS: |
|||||
| Total funds brought forward |
17 | 1,516,699 | 232,180 | 1,748,879 | 1,703,966 |
| Net movement in funds |
(27,517) | (26,768) | (54,285) | 44,913 | |
| TOTAL FUNDS CARRIED FORWARD | 1,489,182 | 205,412 | 1,694,594 | 1,748,879 |
| 2022 | 2022 | 2021 | 2021 | |||
|---|---|---|---|---|---|---|
| Note | 6 | 6 | 6 | 8 | ||
| FIXEDASSETS | ||||||
| Tangible assets | 12 | 383,290 | 401,040 | |||
| Investments | 13 | 762,492 | 833,492 | |||
| 1,145,782 | 1,234,532 | |||||
| CURRENT ASSETS | ||||||
| Stocks | 14 | 2,621 | 21,250 | |||
| Debtors | 15 | 450,387 | 252,775 | |||
| Cash at bank and | in hand | 20 | 794,416 | 918,224 | ||
| 1,247,424 | 1,192,249 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 16 | (698,612) | (677,902) | |||
| NET CURRENT ASSETS | 548,812 | 514,347 | ||||
| TOTAL NET ASSETS | 1,694,594 | 1,748,879 | ||||
| CHARITY FUNDS | ||||||
| Restricted funds | 17 | 205,412 | 232,180 | |||
| Unrestricted funds |
17 | 1,489,182 | 1,516,699 | |||
| TOTAL FUNDS | 1,694,594 | 1,748,879 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | 6 | E | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||
| Net cash | used in operating activities |
19 | (107,358) | 88,711 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Dividends, | interests and rents from investments |
5 | 21,070 | 13,237 | |
| Purchase | oftangible fixed assets |
12 | (22,919) | (82,996) | |
| Net cash | withdrawn from investments |
(14,601) | 15,307 | ||
| NET CASH USED IN INVESTING ACTIVITIES | (16,450) | (54,452) | |||
| CHANGE | IN CASH AND CASH EQUIVALENTS | IN THE YEAR | (123,808) | 34,259 | |
| Cash and | cash equivalents at the beginning ofthe year |
918,224 | 883,965 | ||
| CASH AND CASH EQUIVALENTS AT THE END | OF THE YEAR | 20 | 794,416 | 918,224 | |
| The notes | on pages 26 to 47 form part ofthese financial statements |
| Restricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 6 |
2021f | |
| Donations | 9,515 | 9,515 | 6,009 |
| TOTAL 2021 | 6,009 | 6,009 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| 6 | 5 | F | ||||
| Membership | 593,934 | 593,934 | 571,701 | |||
| Congress | 242,332 | 242,332 | 115,704 | |||
| CPD | 274,944 | 274,944 | 210,222 | |||
| Other | 7,227 | 7,227 | 6,037 | |||
| 1,118,437 | 1,118,437 | 903,664 | ||||
| TOTAL 2021 | 903,664 | 903,664 | ||||
| 4. | TRADING ACTIVITIES | |||||
| Unrestricted | Total | Total | ||||
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| 5 | 6 | 5 | ||||
| INCOME NET OF GROUP TRANSACTIONS | ||||||
| BEVA Enterprises | Limited | 342,345 | 342,345 | 270,007 | ||
| Equine Veterinary | Journal | Limited | 579,252 | 579,252 | 532,055 | |
| 921,597 | 921,597 | 802,062 | ||||
| EXPENDITURE NET OF GROUP TRANSACTIONS | ||||||
| BEVA Enterprises | Limited | 547,524 | 547,524 | 448,640 | ||
| Equine Veterinary | Journal | Limited | 372,743 | 372,743 | 382,340 | |
| (920,267) | (920,267) | (830,980) | ||||
| NET INCOME I(EXPENDITURE) FROM TRADING ACTIVITIES |
1,330 | 1,330 | (28,918) |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| 5 | E | 6 | F | ||||
| Investment | income | 11,488 | 6,161 | 17,649 | 12,732 | ||
| Interest receivable - BEVA Limited | & | Trust | 2,632 | 2 | 2,634 | 465 | |
| Interest receivable - Equine Veterinary | Journal | ||||||
| Ltd | 787 | 787 | 40 | ||||
| 14,907 | 6,163 | 21,070 | 13,237 | ||||
| TOTAL 2021 | 7,755 | 5,482 | 13,237 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2022 5 |
2022f | 2021 8 |
| 6,357 | 6,357 |
| Restricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| 6 | |||||
| Investment | management | fees | 3,384 | 3,384 | 3,394 |
| TOTAL 2021 | 3,394 | 3,394 |
| Activities | Grant | ||||
|---|---|---|---|---|---|
| undertaken | funding of |
Support | Total | Total | |
| directly 2022f |
activities 2022 |
costs 2022f |
funds 2022 6 |
funds 2021 E |
|
| Membership | 12,221 | 343,646 | 355,867 | 353,985 | |
| Congress | 138,351 | 149,338 | 287,689 | 150,728 | |
| CPD | 241,119 | 169,994 | 411,113 | 349,252 | |
| Safer Horse Rescues | 1,744 | 1,744 | 1,013 | ||
| Other | 2,298 | 38,726 | 4,468 | 45,492 | 58,358 |
| BEVA Trust | 8,485 | 12,689 | 21,174 | 11,916 | |
| 404,218 | 38,726 | 680,135 | 1,123,079 | 925,252 | |
| TOTAL 2021 | 334,491 | 32,630 | 558,131 | 925,252 |
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| E | 6 | |
| Membership | 12,221 | 22,076 |
| Congress | 138,351 | 82,599 |
| CPD | 241,119 | 227,204 |
| Safer Horse Rescues | 1,744 | 1,013 |
| Other | 2,298 | 1,168 |
| BEVA Trust | 8,485 | 431 |
| 404,218 | 334,491 |
| Membership | Congress | CPD | Other | |||
|---|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2022 | |||
| 6 | K | 5 | 6 | |||
| Staff costs | 212,099 | 102,507 | 116,685 | 3,067 | ||
| Depreciation | 4,719 | 1,919 | 2,185 | 57 | ||
| Administration | expenses | 77,353 | 24,043 | 27,368 | 719 | |
| Auditors' remuneration |
3,092 | 1,258 | 1,432 | 38 | ||
| Accountancy | costs | 1,502 | 1,148 | 1,307 | 34 | |
| Trustees travel reimbursed | 8,794 | 3,576 | 4,071 | 107 | ||
| Trustees expenses | reimbursed | 5,336 | 2,170 | 2,470 | 65 | |
| Council meeting costs | 8,856 | 3,812 | 4,339 | 114 | ||
| Presidential | stipend | 21,830 | 8,878 | 10,106 | 266 | |
| Legal expenses | 65 | 27 | 31 | 1 | ||
| 343,646 | 149,338 | 169,994 | 4,468 | |||
| Total | Total | |||||
| BEVATrust | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| E | F | |||||
| Staff costs | 8,794 | 443,152 | 382,529 | |||
| Depreciation | 8,880 | 8,811 | ||||
| Administration | expenses | 2,575 | 132,058 | 98,342 | ||
| Auditors' remuneration |
5,820 | 5,082 | ||||
| Accountancy | costs | 1,320 | 5,311 | 5,118 | ||
| Trustees travel reimbursed | 16,548 | 77 | ||||
| Trustees expenses | reimbursed | 10,041 | 11,255 | |||
| Council meeting costs | 17,121 | 1,024 | ||||
| Presidential | stipend | 41,080 | 45,893 | |||
| Legal expenses | 124 | |||||
| 12,689 | 680,135 | 558,131 |
| Grants to | Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Individuals | funds | funds | ||||||||
| 2022 | 2022 | 2021 | ||||||||
| 6 | 6 | |||||||||
| Low & middle | income countries | memberships | 38,726 | 38,726 | 32,630 | |||||
| TOTAL 2021 | 32,630 | 32,630 | ||||||||
| AUDITORS' | REMUNERATION | |||||||||
| 2022 | 2021 | |||||||||
| 6 | 6 | |||||||||
| Fees payable accounts |
to the group's | auditor for | the | audit ofthe | Company's | annual | 14,340 | 12,210 | ||
| Fees payable | to the Company's | auditor | in | respect of: | ||||||
| All taxation advisory services | not included | above | 2,000 | 1,190 | ||||||
| All non-audit | services not included | above | 7,260 | 8,001 |
| Group 2022 |
Group 2021 |
Company 2022 |
Company 2021 |
||
|---|---|---|---|---|---|
| 6 | F | 6 | 6 | ||
| Wages | and salaries | 480,658 | 426,438 | 417,688 | 364,665 |
| Social | secudty costs | 45,270 | 36,437 | 38,538 | 32,050 |
| Other | pension costs | 29,570 | 26,244 | 24,901 | 21,611 |
| 555,498 | 491.119 | 481,127 | 418,326 |
| Group | Group |
|---|---|
| 2022 | 2021 |
| No. | No. |
| Land and | Other fixed | ||
|---|---|---|---|
| buildings 6 |
assets 6 |
Totalf | |
| COST OR VALUATION | |||
| At 1 January 2022 | 445,518 | 360,442 | 805,960 |
| Additions | 22,919 | 22,919 | |
| Disposals | (87,758) | (87,758) | |
| At 31 December 2022 | 445,518 | 295,603 | 741,121 |
| DEPRECIATION | |||
| At 1 January 2022 | 117,736 | 287,184 | 404,920 |
| Charge for the year | 7,169 | 33,500 | 40,669 |
| On disposals | (87,758) | (87,758) | |
| At 31 December 2022 | 124,905 | 232,926 | 357,831 |
| NET BOOK VALUE | |||
| At 31 December 2022 | 320,613 | 62,677 | 383,290 |
| At 31 December 2021 | 327,782 | 73,258 | 401,040 |
| Land and | Other fixed | ||
|---|---|---|---|
| buildings | assets | Total | |
| E | E | E | |
| COST OR VALUATION | |||
| At 1 January 2022 | 396,093 | 40,315 | 436,408 |
| Additions | 5,164 | 5,164 | |
| Disposals | (18,950) | (18,950) | |
| At 31 December 2022 | 396,093 | 26,529 | 422,622 |
| DEPRECIATION | |||
| At 1 January 2022 | 68,311 | 29,017 | 97,328 |
| Charge for the year | 7,169 | 1,711 | 8,880 |
| On disposals | (18,950) | (18,950) | |
| At 31 December 2022 | 75,480 | 11,778 | 87,258 |
| NET BOOK VALUE | |||
| At 31 December 2022 | 320,613 | 14,751 | 335,364 |
| At 31 December 2021 | 327,782 | 11,298 | 339,080 |
| Group 2022 |
Group 2021 |
Company 2022 |
Company 2021 |
|||||
|---|---|---|---|---|---|---|---|---|
| 5 | F | |||||||
| Finished | goods and goods for | resale | 2,621 | 21,250 | 1,113 | 1,261 | ||
| 15. | DEBTORS | |||||||
| Group | Group | Company | Company | |||||
| 2022 | 2021 | 2022 | 2021 | |||||
| 5 | 6 | 6 | F | |||||
| DUE WITHIN | ONE YEAR | |||||||
| Trade debtors | 29,699 | 49,966 | 1,679 | 2.205 | ||||
| Amounts | owed by group undertakings | 175,498 | 167,147 | |||||
| Amounts | owed by participating | interests | 30,961 | 11,553 | ||||
| Other debtors | 222,416 | 127,382 | 49,754 | 24,146 | ||||
| Prepayments | and accrued income | 196,772 | 75,427 | 97,779 | 23,164 | |||
| Grants | receivable | 1,500 | 1,500 | |||||
| 450,387 | 252,775 | 357,171 | 228,215 |
| Group | Group | Company | Company | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021f | 2022 5 |
2021 E |
|||||||
| Trade creditors | 130,028 | 119,395 | 40,720 | 33,692 | ||||||
| Other taxation | and | social security | 36,568 | 22,149 | 12,584 | 9,048 | ||||
| Other creditors | 17,885 | 68,676 | 16,045 | 16,375 | ||||||
| Accruals | and deferred | income | 514,131 | 467,682 | 392,545 | 385,259 | ||||
| 698,612 | 677,902 | 461,894 | 444,374 | |||||||
| Group | Group | Company | Company | |||||||
| 2022 | 2021 | 2022 | 2021 | |||||||
| 5 | E | 6 | E | |||||||
| Deferred | income at | 1 January 2022 | 326,897 | 560,835 | 323,132 | 365,993 | ||||
| Resources deferred | during the year | 337,055 | 326,897 | 336,055 | 323.132 | |||||
| Amounts | released | from previous | periods | (326,897) | (560,835) | (323,132) | (365,993) | |||
| 337,055 | 326,897 | 336,055 | 323,132 |
| STATEMENT OF FU | NDS -CURRENT | YEAR | |||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at 1 | 31 | ||||||
| January 2022 |
Income | Expenditure | Transfers in/(out) |
Gains/ (Losses) |
December 2022 |
||
| 6 | 6 | 6 | E | E | E | ||
| UNRESTRICTED | |||||||
| FUNDS | |||||||
| DESIGNATED | |||||||
| FUNDS | |||||||
| Property fund | 327,782 | (7,169) | - | 320,613 | |||
| GENERAL FUNDS | |||||||
| BEVA Limited | 937,967 | 895,260 | (1,105,608) | 227,443 | (68,663) | 886,399 | |
| BEVA Enterprises Limited |
32,360 | 514,655 | (463,205) | 83,810 | |||
| Equine Veterinary Journal Limited |
218,590 | 651,383 | (459,339) | (212,274) | 198,360 | ||
| 1,188,917 | 2,061,298 | (2,028,152) | 15,169 | (68,663) | 1,168,569 | ||
| TOTAL | |||||||
| UNRESTRICTED FUNDS |
1,516,699 | 2,061,298 | (2,028,152) | 8,000 | (68,663) | 1,489,182 | |
| RESTRICTED | |||||||
| FUNDS | |||||||
| Other restricted | |||||||
| funds | (1,755) | 5,945 | (1,744) | 2,446 | |||
| BEVA Trust | 233,935 | 9,733 | (15,764) | (8,000) | (16,938) | 202,966 | |
| 232,180 | 15,678 | (17,508) | (8,000) | (16,938) | 205,412 | ||
| TOTAL OF FUNDS | 1,748,879 | 2,076,976 | (2,045,660) | (85,601) | 1,694,594 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | 31 | |||||
| 1 January | Transfers | Gains/ | December | |||
| 2021 | Income | Expenditure | in/(out) | (Losses) | 2021 | |
| 6 | E | 6 | 6 | 6 | F | |
| 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 |
| ANALYSIS OF NET ASSETS BETWEEN FUN | DS - PRIOR YEAR | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| 6 | 6 | 6 | |
| Tangible fixed assets | 401,040 | 401,040 | |
| Fixed asset investments | 612,584 | 220,908 | 833,492 |
| Current assets | 1,178,022 | 14,227 | 1,192,249 |
| Creditors due within one year | (674,947) | (2,955) | (677,902) |
| TOTAL | 1,516,699 | 232,180 | 1,748,879 |
| Group | Group | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021f | ||||||||
| Net income/expenditure for |
the | year | (as | per | Statement | of | Financial | ||
| Activities) | (54,285) | 44,913 | |||||||
| ADJUSTMENTS FOR: | |||||||||
| Depreciation charges |
40,669 | 33,969 | |||||||
| Gains/(losses) on investments |
85,601 | (79,567) | |||||||
| Dividends, interests and rents from |
investments | (21,070) | (13,237) | ||||||
| (Increase)/decrease in stocks |
18,629 | (3,023) | |||||||
| (Increase)/decrease in debtors |
(197,612) | 180,874 | |||||||
| Increase/(decrease) in creditors |
20,710 | (75,218) | |||||||
| NET CASH PROVIDED BY/(USED | IN) | OPERATING ACTIVITIES | (107,358) | 88,711 |
| At 1 | At 31 | |||||||
|---|---|---|---|---|---|---|---|---|
| January | December | |||||||
| 2022 | Cash flows | 2022 | ||||||
| 6 | F | |||||||
| Cash | at | bank | and | in | hand | 918,224 | (123,808) | 794,416 |
| 918,224 | (123,808) | 794,416 |
| payments | und | er non-cancellable operating leases as follows: |
||
|---|---|---|---|---|
| Group | Group | |||
| 2022 | 2021 | |||
| E | F | |||
| Not later than | 1 year | 7,740 | 7,740 | |
| Later than | 1 year and not later than 5years | 13,072 | 20,542 | |
| 20,812 | 28,282 |