##
##
##
##
|||Page||
|---|---|---|---|
|Report ofthe Trustees|40|to|45|
|Report ofthe Independent
Auditors|46|to|48|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||51||
|Notes to the Cash Flow Statement||||
|Notes to the Fmancial Statements|53|to|65|
|Detailed Statement ofFinancial Activities|66|to|67|
##
##
##
##
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##
##
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##
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##
##
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##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestrioted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||||||as restated|
|||Notes|||||
|INCOME AND ENDOWIVKNTS FROM|||||||
|Donations
and legacies|||90,390||90,390|1S1,039|
|Charitable
activities|||||||
|Membership
and subscriptions
Other charitable
activities|||560)697
218,048||560,697
218,048|530,706
137,992|
|Other trading activities
Investment
income|||1,135
574||1,135
574|2,499
1556|
|Total|||870,844||870,844|823,792|
|EXPENDITURE ON|||||||
|Raising funds|||12,484||12,484|21,628|
|Charitable
activities|||||||
|Other charitable
activities|||787)660||787,660|752,862|
|Total|||800,144||800,144|774,490|
|Net gains on investments|||8317||8317|1l,996|
|NKT INCOME|||79,017||79,017|61,298|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought forvrard|||1/27)224|8)664|1,235,SS8|1,l74,590|
|TOTAL FUNDS CARRIED FORWARD|||1306241|8 664|1@14905|1,235,888|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||||||as restated|
||Notes|f-||||
|FIXEDASSETS||||||
|Tangible assets
Investments|13
14|418,450
~350
14||418,450
350,314|261,386
341997|
|||768,764||768,764|603,383|
|CURRENT ASSK1TS||||||
|Stocks|15|17,969||17,969|18,902|
|Debtors|16|72,520||721520|46,366|
|Cash at beni& and in hand||544492|8664|553 156|635,177|
|||634/81|8,664|643,645|700,445|
|CREDITORS||||||
|Amounts
falling due within one year|17|(97,504)||(97,504)|(67,940)|
|NKT CURRENT ASSETS||537,477|8,664|546141|632,505|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||1,306,241|8,664|1,314,905|1,235,888|
|NET ASSETS||1306,241|8664|2414,905|1,235 888|
|DS|19|||||
|Unrestricted
funds||||1,306,241|1,227,224|
|Restricted
funds||||0,664|8 664|
|TOTAL FUNDS||||1,314,905|1 235 888|
##
|||||CASH FLOW STATEMENT|||
|---|---|---|---|---|---|---|
||||for|the year ended 30September|2021||
||||||2021|2020|
|||||||as restated|
|||||Notes|||
|Cash flows fiom operating
activities
Cash generated
fiom operations||||1|119,341|118,552|
|Net cash provided
by operating
activities|||||119341|118552|
|Cash flows from investing|activities||||||
|Purchase oftangibk
fixed assets
Interest received|||||(2017936)
574|(66,228)
1,556|
|Net cash used in investing|activities|'|||i220~ 362)|~64 672)|
|Change in cash and cash
the reporting
period|equivalents||in||(82,021)|53,880|
|Cash and cash equivalents
beginning
ofthe reporting|at the
period||||635,177|561297|
|Cash and cash equivalents
the reportiug
period|at the|end|of||553156|635 177|
##
##
##
##
||ACTIVITIES|||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||as restated|
||Net income for the
Activities)|reporting|period (as per the Statement ofFinancial|79,017|61,298|
||Adjustments
for',
Depreciation
charges
Gain on investments|||44,596
(8,317)|21,013
(11,996)|
|'|Loss on disposal offixed assets
Intei'est received|||276
(574)|(1,556)|
||Decrease/(increase)
(increase)/decrease|in stocks
in debtors||933
(26,154)|(7,832)
24,096|
||Increase in creditors|||29 564|33,529|
||Net cash provided|by operations||119341|115,552|
||ANALYSIS OFCHAN GESIN NET FUNDS|||||
||||At 1.10,20|Cash flow|At 30.9.21|
||Net cash|||||
||Cash at bank and in|liand|635,177|82,021|553 156|
||||635,177|82 021|553156|
||||635177|82,021|553,156|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
|||||as restated|
|Gilt aid|||2,600||
|Grants|||5,812|15,414|
|Apiary &Education
Research fund|Centre fund||50,555
12,631|51,400
3,898|
|Education &Husbandry||fund||17,055|
|General donations|||18,792|63/72|
||||90 390|151039|
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||||as restated|
||Coronavirus job retention||scheme|||~5812|~I5 414|
|3.|OTHER TRADING ACTIVITIES|||||||
|||||||2021|2020|
||||||||as restated|
||Shop income|||||1,135|~2499|
|4.|INVESTMENT INCOME|||||||
|||||||2021|2020|
||||||||as restated|
||||||||fi|
||Interest reoeivable|||||574|~1556|
|5.|INCOME FROM CHARITABLE ACTIVITIES|||||||
|||||||2021|2020|
||||||||as restated|
|||||Membership|Other|||
|||||and|charitable|Total|Total|
|||||subscriptions|activities|activities|activities|
|||||||K||
||Capitation
fees from member Associations|||522,465||522,465|497,651|
||Individual
membership|subsoriptions||30,143||30,143|30,231|
||Specialist Members|||1,080||1,080||
||Gift Aid tax recovery|||7,009||7,009|3,433|
||Corporate &sponsorship||||||900|
||Spring Convention
Examinations
Board||||20,607
44,854|20,607
44,854|5,304
10,098|
||BBKANews Advertising||and other|||||
||publications||||109,921|109,921|115,364|
||Other||||732|732|5,717|
||Education
and Husbandry||||41934|41,934||
|||||568 697|218,848|778745|668698|
||%amber ofkfembers|||||28,486|30,043|
##
##
##
|6.|RAISING IrUNDS|RAISING IrUNDS|RAISING IrUNDS|||||
|---|---|---|---|---|---|---|---|
||Other trading activities|||||2021|2020|
||||||||as restated|
||Opening stock
Purchases|||||18,902
11,551|11,070
29,460|
||Closing stock|||||~17969|LI8,902)|
|||||||12484|~21 628|
|7.|CHAMTABLE||ACT1VITIES COSTS|||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 8)|Totals|
||Other charitable||activities||467 329|320,331|787 660|
|8.|SUPPORT|COSTS||||||
|||||||Governance||
||||||Other|costs|Totals|
||Other charitable||activities||290,475|21856|320331|
||Support costs, included|||in the above, are as follovvs;||||
||Other|||||||
|||||||2021|2020|
||||||||as restated|
|||||||Other||
|||||||charitable|Total|
|||||||activities|activities|
||StafFcosts|||||174,076|175,446|
||Social security
Pensions|||||12,150
3,096|12,129
3,219|
||Rent, facilities & other costs|||||479041|43,182|
||Postage and
Professional|stationery
fees||||10,179
79337|5,182
7,238|
||Depreciation|oftangible||fixed assets||44,596|21013|
|||||||298475|267,409|
##
|||||2021|2020|
|---|---|---|---|---|---|
||||||as restated|
|||||Other||
|||||charitable|Total|
|||||activities|activities|
|Auditors'|remuneration|||4,750|4,750|
|Insurance||||6,338|6,502|
|Executive|k|committee|activities|8,819|26,924|
|Standing orders and governance
Accountancy
fees
ProfitlLoss on sale oftangible fa||||723
950
276|11,567
1,370|
|||||~21 856|~51 113|
##
##
##
|Reimbursement
ofexpen
as follows;|ses to Tru|stees and ofIicers ofthe chari|ty, paid or|accrued during|the fmancial year, was|
|---|---|---|---|---|---|
||||2021||2020|
|Executive Conunittee-|Trustees|||||
|John IIendrie|||1,250||988|
|Margaret Murdin|||||1/09|
|Gareth Morgan
Margaret Wilson
Stephen 3 ames||||289|658
1,713
2,005|
|Diane Drinkmater|||||970|
|Susanne Bennett|||||174|
|Pam Hunter|||||2,142|
|Anne Rowberry|||1,799||2,351|
|John Canning|||||1,147|
|Richard Bond|||||637|
|Robert Hogge|||||862|
|Attendees
(not Trustees)||||||
|Leigh Sidaway
Sharon Blake||General Manager
BBKANews Editor||121|1,174
8,485|
|Val Francis||Exam Board Secretary|3,486||6902|
||||6|945|31,417|
##
||Exam Board expenses|||||||
|---|---|---|---|---|---|---|---|
|||||2021|||2020|
||John Hendrie|||1 505|||1900|
|||||1505|||1900|
|10.|STAFF COSTS|||||||
||||||2021||2020|
||||||||as restated|
||||||f.|||
||Wages and salaldes
Social security costs
Other pension costs||||174,076
12&150
3096||175,446
12,129
3,219|
||||||189 22||190,794|
||The average monthly|nmnber ofemployees||during the year was as follows:||||
||||||2021||2020|
||||||||as restated|
||Head Oflice staff||||||7|
||No employees received emoluments||in excess of660,000.|||||
|11.|CONPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||(2020)|||
|||||Unrestricted|Restt|icted|Total|
|||||funds|funds||fulids|
||||||||as restated|
||INCOME AND ENDO~NTS||FROM|||||
||Donations
and legacies|||1,51,039|||151,039|
||Charitable
activities|||||||
||IVlembership
and subscriptions
Other chal'itable
activities|||530,706
137,094||898|530,706
137,992|
||Other trading
activities|||2,499|||2,499|
||investment
income|||1,556|||1556|
||Total|||822,894||898|823,792|
||EXPENDITURE ON|||||||
||Raismg funds|||21,628|||21,628|
||Charitable
activities|||||||
||Other charitable
activities|||752,136||726|752,862|
||||||||continued. ..|
||||||||58 ~Page|
##
|NOTES TOTHE FINANCIAL STATEMENTS -continued
for the year ended 30September 2021|NOTES TOTHE FINANCIAL STATEMENTS -continued
for the year ended 30September 2021|NOTES TOTHE FINANCIAL STATEMENTS -continued
for the year ended 30September 2021|||
|---|---|---|---|---|
|COMPARATIVKS FOR THK STATEMENT OF1 FINANCIAL ACTIVITIES|||(2020)- continued||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||||as restated|
|Total||773,764|726|774,490|
|Net gains on investments||11996||11996|
|NE&TINCOME||61,126|172|61,298|
|Transfers
between funds|||1978||
|Net movement
ln funds||59,148|2,150|61,298|
|RECONCILIATION|OF FUNDS||||
|Total funds brought|forward||||
|As pieviously reposed
Prior year adjustment||932,008
236,068|6,514|938,522
236068|
|As restated||1,168,076|6,514|1,174,590|
|TOTAL FUNDS CARRIED FORWARD||1 227 224|8 664|1233 8811|
##
##
##
|TANGIBLE PT8IKD ASSETS|||||
|---|---|---|---|---|
||||Short||
|||Leasehold|term||
|||property|improvements|Trophies|
|COST
At 1October 2020||172,127|142,537|19|
|Additions|||179,190||
|Disposals|||||
|At 30September 2021||172127|321727||
|DEPRECIATION|||||
|At 1October 2020||33,012|30,108||
|Charge for year||1,781|32,142||
|Eliminated
on disposal|||||
|At 30September 2021||34793|62250||
|NKT BOOIC VALUE
At 30September 2021||137334|259 477|19|
|At 30September 2020||139115|112429|19|
||Show|Fuieiture|Computer||
||equipment|&fittings|equipment|Totals|
|COST|||||
|At 1 October 2020
Additions
Disposals|8,841
1,400
~3,964|21,023
~26,243)|19,481
21/46
~1,104)|364902S
201,936
~21,281|
|At 30September 2021|6277|4 810|39,723|544683|
|DEPRECIATION|||||
|At 1 October 2020
Charge for year
Hliminated
on disposal|8,841
467
~3,964)|21,023
~16213)|93658
10,206
~S28)|102,642
44,596
~Xl 00|
|At 30September 2021|5,344|4810|19036|126233|
|NET BOOICVALUE
At 30September 2021|933||20 687|418,450|
|At 30September 2020|||9,823|261,386|
##
##
|14.|FIXK1DASS|ETI|NVEST|MENTS|||||
|---|---|---|---|---|---|---|---|---|
|||||||Listed|Unlisted||
|||||||investments|invest tnents|Totals|
||MARKK&TVALUE||||||||
||At 1 October
Revaluations|2020||||341,967
8317|30|341,997
~S17|
||At 30 Septetnber 2021|||||350284||350,314|
||NKT BOOK|VALUE|||||||
||At 30 September 2021|||||350284|30|350,314|
||At 30September 2020|||||341967|30|341 997|
||There were no investment|||assets outside the UK.|||||
||Cost or valuation||at 30September 2021 is represented||by;||||
|||||||Listed|Unlisted||
|||||||investments|investments|Totals|
|||||||f.|f.||
||Valuation
in 2021|||||350,284||350/84|
||Cost||||||30|30|
|||||||350204|30|350314|
|15.|STOCKS||||||||
||||||||2021|2020|
|||||||||as restated|
||||||||17,969|18@02|
|16.|DEBTORS:|AMOUNTS||FALLING DUE WITHIN|ONE|YEAR|||
||||||||2021|2020|
|||||||||as restated|
||Trade debtors||||||30,485|17,789|
||VAT||||||1,130||
||Prepayments|and|accrued|mcome|||~40 905|~28 577|
||||||||72,520|)
46 366|
##
##
##
|CRKB1TORS|:AMOUNTS I4'ALLING DUK WITMN|ONK YEAR||
|---|---|---|---|
|||2021|2020|
||||as restated|
||||f.|
|Trade creditors||40,430|13,694|
|Social security
VAT|and other taxes|4,156|3,922
3,504|
|Other creditors||604|597|
|Deferred income in advance||41,338|33277|
|Accrued expenses||~10976|~12946|
|||97,504|67,940|
|Balance|as at 1 October 2020|33 277|
|---|---|---|
|Amounts|released to income during the yeat|(33,277)|
|Amounts|defen ed during the year|41,338|
|Balance|as at 30September 2021|4 338|
##
##
||2021|2020|
|---|---|---|
|||as restated|
|Within one year
Between one and tive years
In more than 6ve years|2,660
5,999
64 997|2,660
7,024
86,632|
||93,656|96 316|
##
##
##
|MOVEMEM|' IN 1|44NDS|||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
||||At|movement|between|At|
||||1,10,20|in funds|9.mds|30.9.21|
|Unrestricted|funds||||||
|General
fund|||799,150|76,181|(4,500)|870,831|
|Stoneleigh
dilapidations|||109„750||5,500|115,250|
|Research|||8,736|(17,436)||(8,700)|
|Education
and Husbandry
JHopkins
legacy fund
Apiary & Education Centre|||11,970
226,379
71239|13,088
(40,560)
47 744|(5,470)
4 470|259058
180,349
123453|
||||1P,279224|79,017||19306/41|
|Restricted funds|||||||
|Posh Bee|||29150|||2,150|
|IMYB Fund|||6 514|||6514|
||||8,664|||8,664|
|TOTAL FUNDS|||1235 888|79,017||1314,905|
|Net movement|in funds, included||ln the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||||E||
|Unrestricted|funds||||||
|General
fund|||765,723|(697459)|89317|76,181|
|Research|||12,631|(30,067)||(17,436)|
|Education and|Husbandry||41,935|(28,847)||13,088|
|JHopkins
legacy fund
Apiary &Education
Centre|||50555|(40,560)
~2,021||(40,560)
47,744|
||||870 844|~800,144|8 317|79 017|
|TOTALFUN|DS||0'70 844|~800 144|8317|79017|
##
##
##
##
##
|||||Prior|Net|Transfers||
|---|---|---|---|---|---|---|---|
||||At|year|movement|between|At|
||||1,10.19|adjustment|in funds|funds|30.9.20|
|Unrestricted
funds||||||||
|General fund|||534,296|236,068|34,442|(5,656)|799,150|
|Stoneleigh
Research|dilap idations||104,250
17,403||(8,667)|5,500|109,750
8,736|
|Education
JHopkins
Apiary 2|and Husbandry
legacy fund
Education
Centre||35,020
241,039||(16,049)
51.,400|(23,050)
1,389
19839|11,970
226,379
71,239|
||||932,008|236,068|61,126|(1,978)|1,227,224|
|Restricted|funds|||||||
|IMYB Fund|||6,514||||6,514|
|Posh bee|||||172|I 978|2,150|
||||6514||172|1,978|II 664|
|TOTAL FUNDS|||938 522|236,068|61298||1,235 888|
|Comparative|net mo|vement
in funds, in|cluded
in the above are a|s follows:||||
|---|---|---|---|---|---|---|---|
||||Inconung|Resources|Gains|and|Movement|
||||resources|expended|losses||in funds|
||||||k|||
|Unrestricted|funds|||||||
|General
fund|||767,596|(745,150)|11,996||34,442|
|Research|||3,898|(12,565)|||(8,667)|
|JHopkins legacy fund
Apiary k Education
Centre|||51,400|(16,049)|||(16,049)
51400|
||||822,894|(773,764)|11,996||61,126|
|Restricted funds||||||||
|Posh bee||||(726)|||172|
|TOTAI FUNDS|||823,792|~774490)|~ll|96|61,298|
##
##
##
##
##
##
##
##
##
##
##
##
##
||||THE BRITISH BEKKEKPKRS) ASSOCIATION|THE BRITISH BEKKEKPKRS) ASSOCIATION|||
|---|---|---|---|---|---|---|
||||DETAILED STATEMKNT OF 144NANCIAL ACTIVITIES||||
|||||for the year ended 30September 2021|||
||||||2021|2020|
|||||||as restated|
|INCOME AND ENDOWMENTS|||||||
|Donations
and legacies|||||||
|Gdt aid|||||2)600||
|Grants|||||5,812|15,414|
|Apiary k Education
Research fund|Centre fund||||50,555
12,631|51,400
3,898|
|Education fund||||||17,055|
|General donations|||||18,792|63272|
||||||90,390|151,039|
|Other trading
activities
Shop income|||||1,135|2,499|
|Investment
income|||||||
|interest receivable||||||1,556|
|Charitable
activities|||||||
|Capitation fees from|Member Associations||||522,465|497,651|
|Speciahst Member
Individual
membership
Gift Aid tax recovery
Corporate k sponsorship
Spring Convention
Examinations
Board||subscriptions|||1)080
30,143
7,009
20,607
44/54|30,231
3,433
900
5,304
10,098|
|BBI4.A.News Adveihsing
Other|||and other|publications|109/2'l
732|115,364
5,717|
|Education
and Husbandky|||||41@34||
||||||778745|668 698|
|Total incoming resources|||||870,844|823,792|
|EXPENDITURE|||||||
|Other trading activiitles
Opening stock
Purchases|||||1$„4102
11,551|11,070
29,460|
|Closing stock|||||+1~769|~18,902)|
||||||12,484|21,628|
|Charitable
activities|||||||
|Spring Convention
Shows|||||24/00
1,862|14,605
6,137|
|BBKANews|||||253,249|267,171|
|Examination
Board|||||42,S22|30,87l|
|Members'
insurance|||||9,512|9,383|
|Carried forward|||||331,645|328,167|
##
|||for the year ended 30Septe|mber 2021||
|---|---|---|---|---|
||||2021|2020|
|||||as restated|
|Charitable
activities|||||
|Brought forward
Publicity,
promotion &members
Winter and honey surveys
Apiary and Education
Insurance - building/office||registration|331,645
51,677
806
21,563
7,539|328,167
47,193
489
13,176
6,774|
|Adopt abeehive
Fundraising
costs
Education
and Husbandry
Research projects|||5,088
18,944
30 067|(2,989)
23,323
5,040
13,167|
||||467,329|434,340|
|Support costs|||||
|Other|||||
|Staffcosts|||1749076|175,446|
|Social security
Pensions|||12,150
3,096|12,129
3,219|
|Rent, facihties k other
Postage and stationery
Professional
fees|costs||47,041
10,179
7437|43,182
5,182
7,238|
|Depreciation oftangible|fixed assets||~44
96|21 013|
||||298,475|267,409|
|Governance
costs|||||
|Auditors'
remuneration|||4,750|4,750|
|Insurance|||6,338|6,502|
|Executive &committee|activities||8,819|26,924|
|Standing
orders and governance
Accountancy
fees
Profit/Loss
on sale oftangible||fa|723
950
276|11,567
1,370|
||||21,856|51,113|
|Total resources expanded|||800 144|774490|
|Net income before gains|and losses||70,700|49,302|
|Realised recognised
gains and losses
Gains/(lasses)
on fixed asset investments|||8/17|11,996|
|Net income|||79017|61,290|