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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees'<br>Report|||2 - 16|
|Independent|Auditors'<br>Report||17-21|
|Consolidated|Statement ofFinancial Activities|||
|Consolidated|Balance Sheet||23|
|Company<br>Balance Sheet|||24|
|Consolidated|Statement ofCash Flows|||
|Notes to the|Financial Statements||26-47|





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|REFERENCE AND ADMINISTRATIVE<br>DETAILS OF THE COMPANY,|REFERENCE AND ADMINISTRATIVE<br>DETAILS OF THE COMPANY,|REFERENCE AND ADMINISTRATIVE<br>DETAILS OF THE COMPANY,|REFERENCE AND ADMINISTRATIVE<br>DETAILS OF THE COMPANY,|REFERENCE AND ADMINISTRATIVE<br>DETAILS OF THE COMPANY,|REFERENCE AND ADMINISTRATIVE<br>DETAILS OF THE COMPANY,|REFERENCE AND ADMINISTRATIVE<br>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<br>House|||||
||||31 Market Street|||||
||||Fordham|||||
||||CB7SLQ|||||
|Chief executive officer|||Mr D R Mounfford|||||
|Independent||auditors|Peters Elworthy<br>&|Moore||||
||||Chartered<br>Accountants|||||
||||Salisbury<br>House|||||
||||Station Road|||||
||||Cambridge|||||
||||CB1 2LA|||||
|Solicitors|||Mills &Reeve LLP|||||
||||Botanic House|||||
||||100 Hills Rd|||||
||||Cambridge|||||
||||CB2 1PH|||||





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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
||Note|E||E|8|
|INCOME FROM:||||||
|Donations<br>and legacies|||9,515|9,515|6,009|
|Charitable<br>activities||1,118,437||1,118,437|903,664|
|Other trading<br>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<br>trading||919,197||919,197|830,980|
|Investment<br>management|||3,384|3,384|3,394|
|Charitable<br>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<br>INVESTMENTS||33,146|(1,830)|31,316|(34,654)|
|Net (losses)/gains<br>on investments|13|(68,663)|(16,938)|(85,601)|79,567|
|NET (EXPENDITURE)/INCOME||(35,517)|(18,768)|(54,285)|44,913|
|Transfers<br>between<br>funds|17|8,000|(8,000)|||
|NET MOVEMENT<br>IN FUNDS||(27,517)|(26,768)|(54,285)|44,913|
|RECONCILIATION<br>OF FUNDS:||||||
|Total funds brought<br>forward|17|1,516,699|232,180|1,748,879|1,703,966|
|Net movement<br>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|





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||||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<br>funds||17||1,489,182||1,516,699|
|TOTAL FUNDS||||1,694,594||1,748,879|





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|||||2022|2021|
|---|---|---|---|---|---|
||||Note|6|E|
|CASH FLOWS FROM OPERATING ACTIVITIES||||||
|Net cash|used in operating<br>activities||19|(107,358)|88,711|
|CASH FLOWS FROM INVESTING ACTIVITIES||||||
|Dividends,|interests<br>and rents from investments||5|21,070|13,237|
|Purchase|oftangible<br>fixed assets||12|(22,919)|(82,996)|
|Net cash|withdrawn<br>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<br>at the beginning<br>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|||||





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||Restricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022<br>6|2021f|
|Donations|9,515|9,515|6,009|
|TOTAL 2021|6,009|6,009||





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|||||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<br>ACTIVITIES|||1,330|1,330|(28,918)|





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|||||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<br>5|2022f|2021<br>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||





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||Activities|Grant||||
|---|---|---|---|---|---|
||undertaken|funding<br>of|Support|Total|Total|
||directly<br>2022f|activities<br>2022|costs<br>2022f|funds<br>2022<br>6|funds<br>2021<br>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|





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||||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'<br>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'<br>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|





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|||||||||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 <br>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<br>2022|Group<br>2021|Company<br>2022|Company<br>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|





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|Group|Group|
|---|---|
|2022|2021|
|No.|No.|





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||Land and|Other fixed||
|---|---|---|---|
||buildings<br>6|assets<br>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|





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||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|





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||||||Group<br>2022|Group<br>2021|Company<br>2022|Company<br>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|





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||||||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2022|2021f|2022<br>5|2021<br>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|





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|STATEMENT OF FU|NDS -CURRENT|YEAR||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||Balance at 1||||||31|
||January<br>2022|Income|Expenditure|Transfers<br>in/(out)|Gains/<br>(Losses)||December<br>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<br>Limited|32,360|514,655|(463,205)||||83,810|
|Equine Veterinary<br>Journal<br>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<br>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|





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|||||||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<br>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<br>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|





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|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|



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|||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021f|
|Net<br>income/expenditure<br>for|the|year|(as|per|Statement|of|Financial|||
|Activities)||||||||(54,285)|44,913|
|ADJUSTMENTS FOR:||||||||||
|Depreciation<br>charges||||||||40,669|33,969|
|Gains/(losses)<br>on investments||||||||85,601|(79,567)|
|Dividends,<br>interests<br>and rents from||investments||||||(21,070)|(13,237)|
|(Increase)/decrease<br>in stocks||||||||18,629|(3,023)|
|(Increase)/decrease<br>in debtors||||||||(197,612)|180,874|
|Increase/(decrease)<br>in creditors||||||||20,710|(75,218)|
|NET CASH PROVIDED BY/(USED||IN)|OPERATING ACTIVITIES|||||(107,358)|88,711|





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|||||||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|



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|payments|und|er non-cancellable<br>operating<br>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|





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