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|||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|
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||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|
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|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|
##
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##
|||||||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|
##
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||||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|
##
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##
|||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|
##
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##
|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|
##
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##
||||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|
##
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||||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|