Charity registration number 1158301 (England and Wales) BIODYNAMIC AGRICULTURAL ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 BIODYNAMIC
BIODYNAMIC AGRICULTURAL ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trusto•s Mr I S Bailey Ms J Rosenbrock Mr J Stephen5 Mr R Thornton Smith Mr M Emous Mr T Petherick (Appointed 31 October 2024) (Resigned 31 October 20241 Charlty number (En9land and Wales) 1158301 Company numboy CE001856 Reg15tered ofllce Open House Painswick Inn Gloucester Street stroud Gloucestershire England GL5 1QG Ind•p•nd•nt •xamlnor BK Plus Limited 6 Manor Park Business Centre Mackenzie Way Cheltenh8m Gloucestershire England GL519TX Bank•rs Triodos, Deanery Road, Brislol BS15AS Lloyds, 134 High Stre8t, Stourbridge, DY8 1 DS Executlve director Gabriel Kaye
BIODYNAMIC AGRICULTURAL ASSOCIATION CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activitie5 Statement of financial position Stalement of cash flows 10 Notes to the financial statements
BIODYNAMIC AGRICULTURAL ASSOCIATION TRUSTEES. REPORT FOR THE YEAR EJVDED 31 DECEMBER 2024 The trustees present their annual report and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comp5y with the charity's governing document, the Charities Act 2011, FRS 102 "The Flnancial R8POrting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "P£counling and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" Objectlves and activltles The alms and obJgctlv•s of th• Blodynaml¢ Asso¢latlon Objects: as per the Charity Incorporated Organisation constitution ofthe BDA "The object of the CIO is to research and develop. promote and disseminate knowledge of the Biodynamic methods in8ugurated by Dr Rudolf Steiner for the betterment offarming. forestry and gardening." Our Purposa: To research, inspire, enthuse ancl empower increasing numbers of people in the UK lo practice, engage with and explore biodynamic farming and gardening and food, as part of the global sustainability movement. Tho biodynamic method of farmlng and gardening: works with and harnesses the natural rhythms of the forces of earth, planets. constellations, sun anc to heal and regenerate the soil, plants, animals, people and ecosystems., empower5 the farmer and gardener to work creatively. compassionately and intuitively with Nature I respectful relationships with the farm and garden as a living natural and social organism and ecosy51 produces nourishing food with provenance, aiming lo feed the mind and spiril, support our en engage with our life purpose and support our evolving consciousness. 5-year Stratoglc Plan 2019 For promoting biodynamic knowledge, practice and research and running the charity.. Strategy 1 Making biodynamics more accessible to more people Strategy 2 Engaging and sustaining new and existing biodynamic supporters Strategy 3 Expanding and slrengthening the Biodynamic food neOrk from producer lo consu Strategy 4 Consolidating the biodynamic movements position as a pioneer, partner and influenc Strategy 5a) Nurturing and sustaining the Biodynamic organisational network and its peopl8 Strategy 5b) Governance. Charitable status, leadership and delegation Publ1¢ Benèflt In planning the charity's activilles for the period the trustees kept in mind the Charity Commission's guidance on public benefit. The focus of the charity's activities during the period, which explains the delivery by the charity ol public benefit, 1$ set out below under 'Achievement and performan, and above under'objectives and aims,.
BIODYNAMIC AGRICULTURAL ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevemonts and performance Activiti•s In 2024 Overvlew: During this year the Biodynamic Association has continued to consolidate its position in the UK and Membership and number ol Licences have remained stable compared to the previous year. The Association continues to provide certification to organic and Demeter standards. Quarterly newsletters and the tmice-yearly magazine 'Star and Furrow, continue to inform members and promote animated discussion. as does the Association's online presence through different social media platfoms. Actlvlty reports: 2024 was a special year of celebration as it was 100 years Sin the indications for what became biodynamics were given in a series of lectures by R Steiner al Kobemitz in what is now Poland. These elebrations a 100 years on were greeted wilh joy and enthusiasm in all seclors of biodynamics, farming, gardening, vineyarding, children's activities, trainlngs, preparation-making, processing and food culture. There were events in the UK and abroad from January to December, slarting with a special stand and great presentations al Oxford Real Farming Conference, continuing with workshops, farm visits, stands at events and a party and awards for over 100 people at Steiner House in November. A very special year. Books and Pr•paratlons and the webshop activity have, as usual. performed well. Our two wonderful volunteers help with orders, and pack and dispatch. The preparation group continues to meet at least once a year and are in contact by email al other times to ensure that produclion meets demand and maintains the required quality. The majority of preparations are made by Bernard Jarman and Briony Young to order. The Three Kings Preparation is, as ever, a strong favourite with members of the Gardening Club and ready- prepared, sm811 quantities are availabl8 to order in December and January. The afteieffects of BSE tt)ntinue to mean that horns and other ingredients are sourced from as far afield as Latvia. Many thanks to Bernard Jannan and Hawkwood College for providing a home for the Prep Store. Communlcatlons and outreach nowsl•tt•rs and Star & Furrow: The teams carrying this work are continuing to ensure that published content is relevant and progressive. Educatlon the increase In online courses which was precipitated by the pandemic continues to widen the audience for 8D courses. Our partners, the BD Agriculture College, Ruskin Mill Trust, Apricol Centre, Whollstic Heallh Inslitute, Wallham Place and others provide an increasingly large variety of high quality courses,
BIODYNAMIC AGRICULTURAL ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Farm Services: Farm Services supports potential biodynamic and organic farmers and growers as well as existing licensees and members. Farm Services can also provide support for grant applications for Suslainable Farming Incentive, Countryside Stewardship and ELMS. Gaydening Club: The Club is an important area of sharing information about biodynamic methods with a wider audience and the Club has a fantastic team of professional BD gardening advisors as well as its dedicated leaders. 11 continues lo offer gardening support and advice via its Facebook group, regular email updates about séasonal gardening activities, events and related news, and webinars on related subjects. Marketing and Supply ¢h•ln'. The restrictions of recent years have largely abated and physical outreach has returned. while our online and web-based presence has been maintained. The new logo (2021), representlng the earth and soil, plant life. human and animal warmth, and the Sky and cosmos above us, has given theAssociation fresh, modern feel. Membershlp: Membership numbers remain around the long tem average levels. Many members not only pay their subscription but also give an extra donation which is always greatly appreciated and allows us to do that little bit mor8. As a membership organisation it is important for us lo understand more fully the requirements and interests of our membership. A database to improve communication with members has been Introduced and we can communicate with the majority of members by email newsletter- we also understand that some members do not have computers or connect to the internet. The Assoclatlon's genoral actlvlty.. The day-lo-day business of responding to enquiri88 and informalion needs about biodynamics Is an ongoing, core activity. Our October 2024 AGM was held at Clervaux Garden School in conjunction with a weekend workshop with Vincent Masson °Biodynamic agriculture and ils ability to build health. with a special focus on the use of Ihe biodynamic preparations" This was kindly hosted and sponsored by Ruskin Mill Trust. The BDA also participated in two important event8. One was the annual global Biodynamic Agriculture Conference in Dornach Switzerland. The second was the Oxford Real Farming Conference (ORFC)- There were many other speclal workshops and events - more than usual to celebrate biodynamic practice over 100 years. Certlflcation is a key area for the BOA wilh numbers of licensees holding sleady at around 300, There has been little change from last year, with around 100 Demeter and 50 organic producers {farmers Igrowers), and 50 Demeter and 100 organic processorsltraders, this latter including importers. The BDA engages with DEFRA, UKAS and the EU organic regulations, the last of which underpins the Demeter stand8rds. This critical work also enables better working partnerships with other UK Organic Certifiers, and working wilh the requirements of our own government brings challenges, especially post Brexit. We continue to work with our Irish licensees by offering a Demeter top-up through the Irish OrganicAssociation {IOA). Reaching outside the UK, the BDA, including the Certification team. plays an active part in Biodynamic Federation Demeler International (BFDII, holding several roles on their committees including Standards, Accreditation, Research and Training. The BDA is a full member of BFDI. Government change5 in farming policy and regulation remain an important area and the BDA is involved in dealing with DEFRA consullations, workshops, supporting other organisations and being part of pressure groups such as the English Organic Forum, Sustain, Beyond GM etc. on matters such as ELMS and the National Food Strategy, gene editing proposals and more.
BIODYNAMIC AGRICULTURAL ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnancial review Flnan¢es and appreciation of support Change of Flnanclal Year: It was decided to move to a financial year starting in January rather than September, making 2023 a nine-month year. For this reason figures for 2024 may not be directly comparable with those from the pr8vious year. Sponsorshlp and Partnershlps: these have come in many guises, including lh8 recently updated corporate membership ancjlor donations, funds for printing the newsletter, and support fr)r events and all these are very much appreciated. We would lik8 to thank in particular. Wallham Place and the Oppenheimer family, the Dewcross Centre for Moral Technology, Weleda, Aonghus Gordon and Ruskin Mill Trust, Botton and Newton Dee Camphill Communities for their ongoing support and of course we thank the individuals who make substantial donations or those who take out organisational membership such as Miranda Brooks Landscaping. Partnerships are particularly helpful in enabling us to tackle and have more impact on the issues that maller- here are some.. Herme5 Trust continue5 to offer grants for specific activities supporting the work of biodynamics in generel and certain projects in particular Aonghus Gordon and various m6mbers of his team at the Ruskin Mill Trust, collaborating on a variety of projects including delivery of the Step-by-step gardening courses in six venues around the country and the GeniLJS Loci process. Dewcross Centre for Moral Technology continues to generously support our printed newsletters with annual fundlng. Wallham Place supports Ihe BDA'S work generously in both staff time and oth8r material support with events, gardening courses. advice for the Gardening Club and more. We thank the anonymous donor who has once again Supplied substantial funding to support our work and that of the Land Trust by recycling income receive by her family over the centuries from industrial profits. Legacles: ReseNes created through legacies and specific large donations over the past few years have enabled the continued funding of a part time Executive Director post, for continuing a good level of social media and other communications work, supporting the continuation of the Gardening Club, the Farm Services. as well as keeping some reserves for Ihe8e posts for the next financial year. The work and results achieved with this funding will be reviewed in 2025 Donatlons including membership continued to be of major support, providing approx. £34,000 of incom8 this last year. Many membefs make regular donations by giving some extra wtth their membership. This is greatty appreciated and really helps us cover the running costs of the charity which can be difficult to get funding for. We can and do get GiftAid where applicable on donations, which gives an added bonus of 250/0 (usually about £3,000). Both legacles and donations holp to •nabl• spoclal projects and the furthor d•v•lopm•nt of activities to meet our strateglc objectlves. Grants: DEFRA continues to provide funds to support the reporting required of organic certif1110Tr bodies. this was approximately £27,500, this is no longer a tax-exempt grant but a service agreement where BDA Certification is paid for services and data provided to Defra. Hermes Trust provided a grant to support the project coordinator roll for coordinaling the 100 years celebralions and an anonymous supporter has provided £60,000 to help support 8D Farmer Training. This support is being prepared so that more farmers can take on the sludents and fill places where a BD farmer is needed with mentoring in their first years. Investments: Income from a legacy from Grange Kircaldy (GKK), invested in 'charitable ethlcal, Investments, contributes a variable amount of annual interest. Over the last few years il produced inlerest of around £10,000 10 support the charitable work. £1,000 of which is put aside for bursaries to support students and young people to attend BD tr8inings and events of various sorts. Thls reservo Investmont fund (GKK) supports our risk policy in that if somelhing extreme should happen, the funds are available to support the charity through a temporary crisis. The value of this lund at the end of any financial year can vary hugely - this year il has regained some of what it lost and is substantially above ils 2018 value and is now at £182,000.
BIODYNAMIC AGRICULTURAL ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal overvlew Continued development of the different activities of the BDA was planned in 2021-22 and since reviewed. This investment in growth activities was funded by the reserves built from previous legacies and donations as well as a contribution from the Certification work. The next 5 year strategy is being developed. The BDA works carefully with its finances, preparing a budget in advance of each year with regular monitoring by staff and reporting lo the Trustees, il is great to have an active Treasurer. All key financial decisions are made by the Trustees with support from the Executive Director. this has enabled a continuation of meeting the charitable aims by carefully spreading the larger legacy and donation income over several years of activity. Financial risk and general risk are monitored by the Trustees and the Executive Director as part of the regular Council meetings. Risk policies and assessments are regularly reviewed, and measures taken to meet emergency or crisis with the value 6 months, turnover kept in reserve. Structure and governance The BDA is currently supported by trustees bringing a variety of skills, some of whom have supported the charity for many years and are an their second term of office. Trustees wilh special responsibility.. Jenni Rosenbrock is chair and also represents the BDA with BDAC. lan Bailey is vice-chair and Jeremy Stephens is Treasurer. structur•y gov•rnan¢• and manag•mont Autonomous assoclated actlvltles The Association operates at the heart of the Biodynamic Movement with structural connections to organisations with a shared common purpose. Though associaled, the following are fully autonomous organisations with no financial dependency between them and the BDA. Blodynamlc Agrlcultural College (BDAC): The Biodynamic Agricullufal College {BDAC} became an independent charity in 2010. BDAC runs the Biodynamic Work-ba5ed Diploma training which is similar to an apprenliceship, and the online Introduclion to Biodynamics and is developing other training courses such as the Viticulture Course, and supporting biodynamic training across the English speaking world. Blodynamlc Land Trust Ltd: The Biodynamic Land Trust (BDLT) started with a generous donation in 2011 to hold land for biodynamics. It is a Community Benefil Society and exempt Charity. The purpose of the Trust is to retain & secure land for Biodynamic farming, gardening and food growing with community connections where possible. The BDA Is a Custodian Trustee and holds an asset lock. Sectlon for Agrlculture and the Experlmental Clrcle In UK: The BDA, including the Certification team. works closely with the UK part of the international biodynamic research group called the Experimental Circle, whose task it is to continue to research and develop the application of biodynamics. 11 works with the international coordination, promotion and research hub that is the Section for Agriculture, based at the Goetheanum in Dornach, Switzerland, the annual agriculture conference and other workshops, These activities are connected to the internalional Biodynamic Federation Demeter International of which the BDA is a member, supports and participates in certification workshops etc. There is also a regular meeting of the UK Agriculture section for those seeking to share and deepen their work wilh biodynamics.
BIODYNAMIC AGRICULTURAL ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Governlng document The Biodynamlc Agricultural Associatlon (BDAA), tradlng as the Biodynamlc Association {BDA). is a Charity Incorporated Organisalion (CIO) updated as a CIO In May 2014 governed by a Constitution first adopted 71h February 1975. Registered as a UK charity with the Charity Commisslon No. 1158301 and company registration no CE001656. Appolntment ol trustees Trustees are appointed by the members of th8 Assodatlon at th8 Annual General Me81ing. The Trustees meet regularly, 5-6 tlmes a year to oversee the affalrs of the charity, wlth exe¢utiV8 Staff attendlng to r8POrt progress and Inform decision-rnaklng. structuro The Council of Trustees defines the stral8gic direction and carrles the legal re5porisibilities of the whole Charity. Th8 Certlfication activity Is held as a dlstinct separate cost. The Truslees are kept fully informed of all developments. Governanco The Associatlon uses tha NCVO 'Code of Good Governanc8' to Inform Its governance procedures. Partlcular attentlon is paid to correct procedure concerning conflicts of interest vlz a viz transactions with Trustees and voting rlghts in Council meetlngs. Guidance Is sought through the Charity Commlsslon and18gal advlsors wher8 relevant. Trustees may clalm expenses If approprlate these are reported In th8 accounts under costs of Govemanc8 and 8r8 minirnal. Rlsk As&••sment The Irust88s risk assess the actlvltl88 and responsSbllitl8s of the BDA and Councll and seek to be awar8 and mlnlmise risk when f8aslble. Statement of trust•es' re•ponslbllltl•s The trustees are re5ponslble for pr8parlng the Trusle8s' Report and the financial statements In accordance with applicable law and United Klngdom Accountlng Standards (Unlted Kingdom Generdlly Acc8Pted Accounting Practlce). The law appllcabl6 to charities In England and Wales requires the trustees to prepare flnanclal statements for each flnanclal year which give a true and fair vi8w of the state of affairs of Ihe charity and of the incoming resourc8s and appllcation of resources of the charity for that year. Tha trustees ar8 responslble for k88ping sufficlent accounting records that disclos8 With r88sonable accuracy at any lim8 the financial position of the charity and enable them to ensure thal th8 financial statements Gomply with the Charltles Act 2011, the Charily (Accounts and Reports) Regulatlons 2008 and the provisions of the trust d88d. They are also responsible for safeguarding the assets of the charity and hence for taking reasonabl& steps for the prevention and detection of fraud and other irregularities. e trustees, report was approv8d by the B08rd of Trustees. Mr I S B8lley Trustoe
BIODYNAMIC AGRICULTURAL ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BIODYNAMIC AGRICULTURAL ASSOCIATION I report to the trustees on my examination of the financial statements of Biodynamic Agricultural Association {the charity) for the year ended 31 December 2024. Responsibilitles and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respecl of my examination of the charity's financial slatemenls carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed Ihe Direclions given by the Charity Commission under section 14515)(b) of the Charities Act 2011. Independent examlner's statement Since the charity's gross income exceeded £250,000. the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies, Your allention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable lo charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 in preference lo the Accounting and Reporting by Charitlas: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been wilhdrawn. l understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally A¢c8Pted Accounting Practice. I have completed my examination. I confirm that no matters have come to my attenlion in connection with the examination giving me cause lo believe that in any material respect. accounting records were not kept in Tespect of the charity as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of financial stalernents set oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give 8 true and fair view, which is not a maller considered as part of an independent examination. I have no Concerns and have come across no other matlers in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. Roger F Downe5 FCA BK Plus Limited Association of Chartered Certified Accountants 6 Manor Park Business Centre Mackenzie Way Chellenham Gloucestershire GL519TX England Date..
BIODYNAMIC AGRICULTURAL ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 3d DECEMBER 2024 Unrostrlctod Restrlctod funds funds 2024 2024 rotal Unrostrlcted Restrlcled funds lunds 2023 Total 2024 2023 2023 Notes Incomo from: Donations and legacies Charitable activities Investments 133,437 336,821 16,644 4,735 138,172 336.821 16,644 56,979 311,644 9,653 188,000 244,979 311,644 9,653 Total Income 486,902 4.735 491.637 378,276 188,000 566,276 Expondlture on: Raising funds Charltable activities 120 533,412 120 563,799 1,792 329,760 1,792 344,402 30,387 14,642 Total exp•ndltur• 533,532 30,387 563.919 331,552 14,642 346,194 Net gainsl(losses) on investments 4.636 4,636 (5,971) (5,971) Not Incomo1(oxpendlture) {41,994) (25,652) (67,646) 40,753 173,358 214,111 Transfers between funds (41,323) 41,323 14,360 {14,360} N•t movament in funds (83,317) 15,671 (67.646) 55,113 158,998 214,111 R•conclllatlon of funds: Fund balances at 1 January 2024 221.502 390,503 612,005 166,389 231,505 397,894 Fund balances at 31 December 2024 138,185 406,174 544,359 221,502 390,503 612,005
BIODYNAMIC AGRICULTURAL ASSOCIATION STATEMENT OF FINANCIAL POSITION AS A T 31 DECEMBER 2024 2024 2023 Notes Flxed assets Inveslments 11 258,495 253,859 Current assets Stocks Debtors Cash at bank and in hand 12 12,887 55.450 234,146 10,530 55,721 371,149 303,083 437,400 Credltors: amountg falllng du• wlthln on• year 14 (17,219) (79,254) Net curr•nt ass•tg 285,864 358,146 Total assets less curr•nt Il•bllltleB 544,359 612,005 The funds of the charlty Restricted income funds Unrestricted funds 15 16 406.174 138,185 390,503 221,502 544,359 612,005 The flnancl81 stat8mentS Were approved by the trustees on Mr I S Bailey Trustee
BIODYNAMIC AGRICULTURAL ASSOCIATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from oporatlny activiti•s Cash (absorbed by)Igenerated from operations (153,047) 242,684 Investlng activltles Investment income received 16,644 9,653 Net cash g•nerated from Investlng actlvltles 16,644 9,653 Net cash generated from flnanclng actlvltles Net (docrea$e)Ilncreas• In cash and cash •qulvalentS (136,403) 252,337 Cash and cash equivalents at beginning of year 371,149 118,812 Ca8h and cash Oqulvalents at and of year 234.746 371,149 10-
BIODYNAMIC AGRICULTURAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIVDED 31 DECEMBER 2024 Accounting policios Charlty Informatlon The Charity is an Charitable Incorporated Organisation 'CIO' registered in England, CE001656. The registered office is Open House, Painswick Inn. Gloucester Street, Stroud, GL5 1 QG. 1.1 Aecountlng convention The financial slatements have been prepared in accordance with the charity's goveming document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicab18 in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charily is a Public Benefit Entity as defined by FRS 102, The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for Charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financlal statements are prepared in sterting, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepar8d under the historlcal cost convention. The principal accounting policies adopted are set out below. 1.2 Charltabl• lunds Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 1.3 Income All Income is recognised in the Slatemenl of Financial Activities once the charity has enlillement to the funds, il is probable that the incom& will be received and the amount can be measured reliably. 1.4 Exp•ndlturo Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals b85is and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed to particular headings they have been allocated to activilies on a basis consislent with the use of r8sourc@s. 1.5 Social Invostment5 Social investments are made exclusively to further the charity's aims by funding specific activities. Equity instruments are measured at their fair value al the reporting dale if this can be measured reliably, or at cost less impairment. Concessionary loans are either initially measured at the amount received and paid and Ihen adjusted in subsequent years to reflect repayrnents, interesl and any impairment, or they are initially measured at the fair value and subsequently at their amortised cost using the effective interest method. Social investments that are measured at cost or amortised cost are assessed for objective evidence of impairment at the end of each reporting period. Any impairment losses are recognised immediately as a cost within 'expenditure on charitable aclivilies. in the statement of financial activlties. 11
BIODYNAMIC AGRICULTURAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles (Contlnued) 1.6 Stocks Slocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 1.7 Forelgn exchange Asséts and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling al the dale of transaction. Exchange differences are taken into accounl in arriving at the operating result. Incomo from donatlons and legaci•s unro8trlct RoStrlct•d fundB lunds 2024 Total Vnrestrl¢tod Restrlcted funds funds 2023 2023 Total 2024 2024 2023 Donations 8nd legacies Subscriptlons & membership Defra payments Fundraising income 74,816 4,735 79,551 13,336 188,000 201,336 29,078 27,491 2.052 29,078 27,491 2,052 20.938 20,662 2,043 20,938 20,662 2,043 133.437 4,735 138,172 56,979 188,000 244,979 Incomo liom eharltabl• actlvltl•s Unrestrlct•d fund8 Unro8trlct•d funds 2023 2024 E(tucalional income - Training Books & Preparations BFDI Recharge Certification activities Advertising income Farm Services Gardening Club 6,606 32,765 55,083 238,604 3,763 7,313 22,723 40,862 236,770 2,726 1,008 242 336,821 311,644 12-
BIODYNAMIC AGRICULTURAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from Investments Unrostrlcted Unr•strlcted funds lunds 2024 2023 Income from listed investments Deposit account interest 11,155 5,489 8,986 667 16,644 9,653 Expenditur• on ralsing funds Unr•strlct•d Unrostrlcted fwd8 funds 2024 2023 Bad debts 120 1,792 xpandltur• on charltabl• actlvltlos Total 2024 Total 2023 Dlrect costs staff costs Participation & subscriptions Books & Preparations Star & Furrow, newslelt&r Gardening Club Farm Services Outreach Genius Loci Education, training & Bursaries 100 Year Celebration 68,972 1,673 19,213 14,513 2,221 2,884 27,493 40,617 1,200 16,508 12,790 4,215 1,355 16,315 30 1,302 2,761 30,387 170,117 94,332 Share of support and governanco costs (see note 7) Support 393,682 250,070 563,799 344,402 Analysis by fund Unrestricted funds Reslricled funds 533,412 30,387 329,760 14.642 563,799 344,402 13-
BIODYNAMIC AGRICULTURAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to actlvltles 2024 2023 Managemenl Certif1cation Activity Governance costs 12,804 359,100 21,778 49,244 228,711 12,732 393,682 290,687 Trustees None of the trustees {or any persons connected with them) received any remuneration or benefits from the charily during the year. Trustees. expenses All expenses are paid In accordance with Charity Commission guidelines and all transactions with trustees are at market value. During the period to 31 December 2024, four (2023-. three) trustees claimed expenses or had their expenses met by the charity. In total £1,526 <2023: £1,851) of expenses were reimbursed to trustees during the year. Employe•s The average monthly number of employees during the year was: 2024 Number 2023 Number Certification Office Admlnlstration Total 10 There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 14-
BIODYNAMIC AGRICULTURAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 q 1 Flxed asset Investments Llsted Investm•nt$ Programma r•latod Inv•stments oqulty Total Mark•t value At 1 January 2024 Revaluations 177,859 4,638 76,000 253,859 4,636 At 31 December 2024 182,495 76,000 258,495 Carrylng amount At 31 Decernber 2024 182,495 76,000 258,495 At 31 December 2023 177,859 76,000 253,859 2024 2023 Listed investments at fair value comprise.. Valuation in 2019 Valuation in 2020 Valuation in 2021 Valuation In 2022 Valuation in 2023 Valuation in 2023 Valuation In 2024 Cost 2,329 (42,579> 34,326 13.299 (11,9661 {5,971) 4.636 188.421 2,329 142,579) 34,328 13,299 {11,966) (5,971) 188,421 182,495 177,859 The balance of listed inveslments above represents £133,103 from the Grange Kirkcaldy fund and £44,756 of general funds. Interest received on these investments is treated as general unrestricted income. Soclal Invostments Shares in Biodynamic & Organic Plant Breeding & Seeds Limited (Seed Co-operative) Shares in Tablehursl & Plaw Hatch Community Farm Limited The Seed Co•Operalive has gone into administration. placing at risk the Associalion's investment of £75,000. As the trustees are uncertain as to how much, if any, of the investment will be recovered, no impaimient of the investment valuation has been included in these financial statements. 12 Stocks 2024 2023 Books & preparations 12,887 10,530 15-
BIODYNAMIC AGRICULTURAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Debtors 2024 2023 Amounts falllng due wlthin one year: Trade debtors Other debtors Prepayments and accrued income 48,564 42 6,844 54,844 40 837 55,450 55,721 14 Credltors: amounts falllng due within one year 2024 2023 Olher laxation and soc181 security Trade Creditors other creditors Accruals and deferred Income 4,046 11,861 30 1,282 3,747 9,217 65,030 1,260 17,219 79,254 15 R•strlct•d funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as to how they may be used. At1 January 2024 Incomlng Rosourcos rosources •xp•nd•d Transfers At31 December 2024 Grange Kirkcaldy Fund Cooperative Funds Communication of Biodynamics - RMET 100 Years Big Donation 133,103 76,000 11,671 (1.000) 144,774 75,000 1,400 1,400 4,735 (30.387) 25,652 5,000 180,000 185,000 390.503 4,735 (30,387) 41,323 406,174
BIODYNAMIC AGRICULTURAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Restricted funds (Contlnued) Prevlous year: At 1 Aprll Incoming Resources 2023 resourc•s expended Transfors At31 December 2023 Grange Kirkcaldy Fund Cooperative funds Genius Loci Communication of Biodynamics - RMET Newsletter Printing 100 Years Big Donation 146,526 77.000 4,479 (13,423) (1,000) 133,103 76,000 {4,479) 2.000 1,500 (600) {1,500) {3,063) (5,000) 1,400 3,000 185,000 63 180,000 231,505 188,000 {14,8421 (14,360) 390,503 Grange Kirkcaldy Fund To support those learning about biodynamics With small amount for courses and events. Cooperatlv• Funds Shares held in the Seed Communlty Benefit Society and the Tablehurst and Plaw Hatch Cooper8tlve to support and underpin the ownership of land and business for biodynamic seeds. Genlus Locl Fund Research into the history, being and activity of Biodynamics In the UK. Communlcatlon of Biodynamics Fund - RMET To engage, mainly young, people with the communication of biodynamics via text and video clips. Big Donatlon The BDA part of a donation from an anonymous long term supporter of biodynamics who gave £250,000 In October 2023 with a designation of £65,000 for the Biodynamic Land Trust and the remaining £185,000 for supporting and developing the staffing, general development and celebration of the 100 years of Biodynamics in the UK. The Trustees have d6signaled its use lo be spread over 3 years to support the activities designated by the donor. Newsletter prlnting To assist with prinling and distribution of the paper version of the newsletler. The policy for deployment of these funds is Ihat the Trustees agree to the funds being used as per their designation or restriction and any further details as needed and how much can be used in each finanaal year via the budget preparation work in the trustee meetings. Once this is decided Ihe Execulive Director agrees particular spends if needed and monitors the use as per budget agreed. 17-
BIODYNAMIC AGRICULTURAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Atl January 2024 Incomlng Resources resources expended Transfers Galns and At31 losses Decèmber 2024 Trainee support fLtnd General funds 60,000 426.902 60,000 78.185 221,502 (533,532) (41.323) 4,636 221,502 486,902 (533,532) 141,323) 4.636 138,185 Prevlous y•ar: At l April Incoming Resources 2023 resources •xp•nded Transf•rs Galns and At31 losses December 2023 Gardening Club General funds 4,305 162,084 242 378,034 (4,547) (327,005) 14.360 (5,971) 221,502 166,389 378.276 (331,552) 14,360 (5,9711 221,502 Tralnee Support Fund The Trainee Support Fund is founded by a generous donation from a donor who wishes to help the Biodynamic sector train and support more biodynamic farmers. This fund will enable more farms to lake on trainees. fund a mentoring scherne for biodynamic farmers and facilitate and feasibility study into higher levels of training in biodynamic ecological farming. This fund is open to further donations so that il can support training of farmers for many years to come. 17 Relatod party transactlons Biodynamlc Land Trust Community Beneflt Soclety of which the Assoelatlon Is custodlan trustee During the year the Association made sales totalling £364 (2023.. £1,245) to Biodynamic Land Trust and paid invoices to the relaled party tolalling £104 {2023: £nil). These transactions were at an arm's length basis. Rlchard Thornton-smlth Trustee During the year, Mr Thornton-smith carried out inspection work on an arms. length basis, for which he was paid fees and disbursements lotalling £10,239. Tom Petherick Trustee During the year, Mr Petherick carried out inspection work and provided technical advice to the charity's licensees on an amis, length basis, forwhich he was paid fees and disbursements tolalling £24,948. 18-
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