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2022-09-30-accounts

Page
Report ofthe Trustees 43 to 48
Report ofthe Independent
Auditors		 49 to 51
Statement ofFinancial Activities 52
Balance Sheet 53
Cash Flow Statement 54
Notes to the Cash Flow Statement 55
Notes to the Financial Statements 56 to 67
Detailed Statement ofFinancial Activities 68 to 69

for the year e nded 30Septemb er
2022
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 73,139 73,139 90,390
Charitable
activities
Membership
and subscriptions		 643,032 643,032 560,697
Other charitable
activities		 281,528 281,528 219,183
Investment
income		 3 3089 3089 574
Total 1000 788 1000 788 870,844
EXPENDITURE ON
Cost ofgoods sold 20,348 20,348 12,484
Charitable
activities
Other charitable
activities		 886853 886,853 787,660
Total 907201 907201 800,144
Net gains/(losses)
on investments		 ~57421) ~57421) 8,317
NET INCOME 36,166 36,166 79,017
Transfers
between funds		 17 2,150 ~2,150)
Net movement
in funds		 38,316 (2,150) 36,166 79,017
RECONCILIATION
OF		 FUNDS
Total funds brought forward 1,306,241 8,664 1,314,905 1,235,888
TOTAL FUNDS CARRIED FORWARD 1,344557 6514 ~151071 1 314,905
CONTINUING
OPERATIONS
All income and expenditure has arisen &om continuing activities.

2022 2021
Unrestricted Restricted Total Total
funds funds funds fllilds
Notes
FIXEDASSETS
Tangible assets 11 384,&03 384,803 418,450
Investments 12 292893 292 893 350,314
677,696 677,696 768,764
CURRENT ASSETS
Stocks 13 16,778 16,778 17,969
Debtors 14 66,568 66,568 72,520
Cash at bank and in hand 641,946 6514 648 460 553,156
725,292 6,514 731,806 643,645
CREDITORS
Amounts
falling due within one year		 15 (58,431) (58,431) (97,504)
NET CURRENT ASSETS 666861 6514 673375 546,141
TOTAL ASSETSLESSCURRENT
LIABILITIES 1,344,557 6,514 1,351,071 1,314,905
NET ASSETS 1,344557 6514 1351071 1,314,905
FUNDS 17
Unrestricted
funds		 1,344,557 1,306,241
Restricted funds 6514 8,664
TOTAL FUNDS 1351071 1,314,905
CASH FLOW STATEMENT
for the year ended 30September 2022
2022 2021
Notes
Cash flows from operating activities
Cash generated
irom operations		 105684 119,341
Net cash provided by operating
activities		 105684 119,341
Cash flows from investing activities
Purchase oftangible fixed assets (13,469) (201,936)
Interest received 3,089 574
Net cash used in investing activities ~10 80) ~201,362)
Change in cash and cash equivalents in
the reporting
period		 95,304 (82,021)
Cash and cash equivalents at the
beginning
ofthe reporting		 period 553,156 635,177
Cash and cash equivalents at the end of
the reporting
period		 648 460 553,156

RECONCILIATIO
ACTIVITIES		 N
OF NE		 T INCOME TO NKT CASH FLOW FROM OPERATING
2022 2021
Net income for the reporting period (as per the Statement ofFinancial
Activities) 36,166 79,017
Adjustments
for".
Depreciation
charges		 44,438 44,596
Losses/(gain)
on investments		 57,421 (8,317)
Loss on disposal of fixed assets 2,678 276
Interest received (3,089) (574)
Decrease in stocks 1,191 933
Decrease/(increase) in debtors 5,952 (26,154)
(Decrease)/increase in creditors ~39093) 29,564
Net cash provided by operations 105684 119,341

At 1.10.21 Cash liow At 30.9.22
Net cash
Cash at bank and in hand 553156 95@04 648 460
553 156 95,304 648,460
Total 553 156 95304 648,460

DONATIONS
AND LE		 GACIES
2022 2021
Gift aid 1,744 2,600
Grants 5,812
Apiary &Education Centre fund 11,324 50,555
Research fund 15,027 12,631
General donations ~45 044 ~18 792
~73 139 90,390
Grants received, included in the above, are as follows:
2022 2021
Coronavirus job retention scheme ~5812

2022 2021
Interest receivable ~3089 574
INCOME FROM CHARITABLE ACTIVITIES
2022 2021
Membership Other
and charitable Total Total
subscription s activities activities activities
f.
Capitation fees from member Associations 587,332 587,332 522,465
Individual membership subscriptions 48,093 48,093 30,143
Specialist member 960 960 1,080
Gift Aid tax recovery 6,647 6,647 7,009
Spring Convention 63,803 63,803 20,607
Examinations
Board		 53,170 53,170 44,854
BBKANews Advertising and other
publications 110/26 110,326 109,921
Other 2,902 2,902 1,867
Education and Husbandry 51327 51,327 41934
643 832 281528 924,560 779,880

2022 2021
Opening stock 17,969 18,902
Purchases 19,157 11,551
Closing stock ~16778) ~17969)
~20348 12484
CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
Other charitable activities 537127 349,726 886853

SUPPORT COS TS
Governance
Other costs Totals
Other charitable activities 315978 33748 349726
Support costs, included in the above, are as follows:
Other
2022 2021
Other
charitable Total
activities activities
Staffcosts 189,071 174,076
Social security 13,993 12,150
Pensions 3,431 3,096
Rent, facilities &other costs 50,878 47,041
Postage and stationery 10,674 10,179
Professional fees 3,493 7037
Depreciation oftangible fixed assets 44,438 44 596
315978 298,475
Governance costs
2022 2021
Other
charitable Total
activities activities
Auditors'
remuneration		 5,400 4,750
Insurance 5,691 6,338
Executive & committee activities 17,272 8,819
Standing orders and governance 1,555 723
Accountancy fees 1,152 950
Profit/Loss
on sale oftangible fa		 2,678 276
~33 748 ~21856

2022 2021
Executive Committee - Trustees
John Hendrie 1,030 1,250
Gareth Morgan 171
Margaret Wilson 408 289
Stephen Barnes 2,580
Diane Drinkwater 905
Suzanne Bennett 238
Anne Rowberry 2,187 1,799
Richard Bond 229
Julie Coleman 296
Clare McGettigan 801
Jane Medwell 70
Jennifer Morgan 657
Howard Pool 1
Joe Widdicombe 308
Attendees
(not Trustees)
Leigh Sidaway General Manager 223 121
Sharon Blake BBKANews Editor
Val Francis Exam Board Secretary 3,486
Nicky Campbell Exam Board Secretary 1,905 1,117
12,009 8 062

STAFF COSTS
2022 2021
Wages and salaries 189,071 174,076
Social security costs 13,993 12,150
Other pension costs 3431 3,096
206 495 189,322
The average monthly number ofemployees during the year was as follows:
2022 2021
Head Ofnce staff 6 6
No employees
received		 emoluments in excess off60,000.
COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES (2021)
Unrestricted Restricted Total
funds funds funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 90,390 90,390
Charitable
activities
Membership
and subscriptions		 560,697 560,697
Other charitable
activities		 219,183 219,183
Investment
income		 574 574
Total 870,844 870 844
EXPENDITURE ON
Raising funds 12,484 12,484
Charitable
activities
Other charitable
activities		 787,660 787,660
Total 800,144 800,144
Net gains on investments 8,317 8,317
NET INCOME 79,017 79,017
RECONCILIATION OF FUNDS
Total funds brought forward 1,227„224 8,664 1,235,888
TOTAL FUNDS CARRIED FORWARD 1,306,241 8,664 1,314905

TANGIBLE FIXEDASSETS
Short
Leasehold term
property improvements Trophies
COST
At 1 October 2021 172,127 321,727 19
Additions
Disposals		 8,862
~5,021)
At 30 September 2022 172127 325,568 19
DEPRECIATION
At 1 October 2021 34,793 62,250
Charge for year 1,781 33,136
Eliminated
on disposal		 ~2343)
At 30 September 2022 36574 93043
NET BOOKVALUE
At 30September 2022 135553 232 525 19
At 30 September 2021 137334 259,477 19
Show Furniture Computer
equipment &fittings equipment Totals
E
COST
At 1October 2021 6,277 4,810 39,723 544,683
Additions 2,160 2,447 13,469
Disposals ~4810) ~5255) ~15 086)
At 30 September 2022 6 277 2 160 36915 543 066
DEPRECIATION
At 1 October 2021 5,344 4,810 19,036 126,233
Charge for year 467 540 8,514 449438
Eliminated
on disposal		 ~4810) ~5255) ~12408)
At 30September 2022 5811 540 22 295 158 263
NKT BOOK VALUE
At 30September 2022 466 1620 14620 384 803
At 30 September 2021 933 20,687 418450
Listed Unlisted
investments investments Totals
MARKET VALUE
At 1October 2021 350,284 30 350,314
Revaluations ~57,421) ~57421)
At 30September 2022 292,863 30 292,893
NKT BOOK VALUE
At 30September 2022 292863 38 292 893
At 30September 2021 350,284 30 350,314
There were no investment assets outside the UK.
Cost or valuation at 30 September 2022 is represented by:
Listed Unlisted
investments investments Totals
Valuation
in		 2022 292,863 292,863
Cost 30 30
292863 30 292 893
13. STOCKS
2022 2021
Stocks ~16778 17,969
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
Trade debtors 30,770 30,485
VAT 1,326 1,130
Prepayments and accrued income ~34 472 40,905
66,568 72,520

CREDITORS: AMOUNTS FALLING DUK WITHIN ONE YEAR
2022 2021
Trade creditors 4,829 40,430
Social security and other taxes 4,396 4,156
Other creditors 1,912 2,886
Deferred income in advance 28,605 41,338
Accrued expenses 18,689 ~8694
58,431 97,504
Balance as at 1 October 2021 41,338
Amounts released to income during the year (41,338)
Amounts deferred during the year 28,605
Balance as at 30September 2022 28 605

2022 2021
Within one year 1,395 2,660
Between one and five years 5999 5,999
In more than five years ~83602 84,997
~90996 93,656
MOVEMKNT IN FUNDS
Net Transfers
At movement between At
1.10.21 in funds funds 30.9.22
Unrestricted
funds
General fund 870,831 69,313 (12,050) 928,094
Stoneleigh
dilapidations		 115,250 5,500 120,750
Research (8,700) 8,700
Education and Husbandry 25,059 1,022 26,081
JHopkins legacy fund
Apiary 4 Education Centre		 180848
123453		 (29+37)
~4,832)		 151,011
118621
1,306,241 36,166 2,150 1@44,557
Restricted funds
IMYB Fund
Posh bee		 6,514
2 150		 ~2250) 6,514
8,664 ~2150 6514
TOTAL FUNDS 1,314905 36 166 1,351071

Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted
funds
General fund 938,137 (811,403) (57,421) 69,313
Education and Husbandry 51,327 (50,305) 1,022
JHopkins legacy fund
Apiary &Education Centre		 11324 (29,337)
~16156)		 (29,337)
~4832)
1,000,7SS ~907201 ~57421) 36 166
TOTAL FUNDS 1,000788 ~907201) ~57421) 36166
Comparatives
for movement		 in funds (2021)
Net Transfers
At movement between At
1.10.20 in funds funds 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 11,970 13,088 25,058
JHopkins legacy fund 226,379 (40,560) (5,470) 180,349
Apiary &Education Centre 71,239 47 744 4,470 123,453
1,227,224 79,017 1,306,241
Restricted funds
IMYB Fund 6,514 6,514
Posh bee 2,150 2,150
8,664 8,664
TOTAL FUNDS 1,235,888 79017 1314,905
Comparative
net movement		 in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted
funds
General fund 765,723 (697,859) 8,317 76,181
Research 12,631 (30,067) (17,436)
Education and Husbandry 41,935 (28,847) 13,088
JHopkins legacy fund
Apiary &Education Centre		 50,555 (40,560)
~2,81))		 (40,560)
47744
870 844 ~800,144) 8,317 79017
TOTAL FUNDS 870,844 ~800,144) 8,317 79,017

DE TAI LED STATEMENT OFFINANCIAL ACTIV ITIES
for the year ended 30September 2022
2022 2021
INCOME AND ENDO%MENTS
Donations
and legacies
Gift aid 1,744 2,600
Grants 5,812
Apiary &Education Centre fund 11@24 50,555
Research fund 15,027 12,631
General donations 45 044 18,792
73,139 90,390
Investment
income
Interest receivable 3,089 574
Charitable
activities
Capitation
fees from		 member Associations 587,332 522,465
Individual
membership		 subscriptions 48,093 30,143
Specialist members 960 1,080
Gift Aid tax recovery 6,647 7,009
Spring Convention 63,803 20,607
Examinations
Board		 53,170 44,854
BBKANews Advertising and other publications 110,326 109,921
Other 2,902 1,867
Education and Husbandry 51317 41,934
924,560 779,880
Total incoming resources 1,000,788 870„844
EXPENDITURE
Cost ofgoods sold
Opening stock 17,969 18,902
Purchases
Closing stock		 19,157
~16778)		 11,551
~17,969)
20,348 12,484
Charitable
activities
Spring Convention 59,608 24,200
Shows 6,290 1,862
BBKANews 281,124 253,249
Examination
Board		 56,111 42,822
Members'
insurance		 10,106 9,512
Publicity, promotion Er, members registration 46,849 51,677
Winter and honey surveys 806
Apiary and Education 22,798 21,563
Insurance
-building/office		 9,827 7,539
Carried forward 492,713 413,230

DETAILE D STATEMENT OF FINANCIAL ACTIV ITIES
for the year ended 30September 2022
2022 2021
Charitable
activities
Brought forward 492,713 413,230
Fundraising
costs		 4,085 5,088
Education and Husbandry 33,637 18,944
Research projects 6692 30067
537,127 467,329
Support costs
Other
Staffcosts 189,071 174,076
Social security 13,993 12,150
Pensions 3,431 3,096
Rent, facilities &other costs 50,878 47,041
Postage and stationery 10,674 10,179
Professional
fees		 3,493 7,337
Depreciation oftangible fixed assets 44 438 44 596
315,978 298,475
Governance
costs
Auditors'
remuneration		 5,400 4,750
Insurance 5,691 6,338
Executive &committee activities 17,272 8,819
Standing
orders and		 governance 1,555 723
Accountancy
fees
Profit/Loss
on sale oftangible fa		 1,152
2 678		 950
276
33748 21,856
Total resources expended 907,201 800,144
Net income before gains and losses 93,587 70,700
Realised recognised
gains and losses
Gains/(losses)
on fixed asset investments		 ~57,421) 8,317
Net income 36,166 79,017