|'|UFAW Report and Financial|Statements: Year Ended 31March 2022||
|---|---|---|---|
||Contents||Page|
||Legal and Administrative|Information|2-3|
||Council's
Report||4-19|
||Independent
Auditors'|Report to the Members|20-22|
||Statement of Financial|Activities|23|
||Balance Sheet||24|
||Cash Flow Statement||25|
||Notes Forming
Part of|the Financial Statements|26-33|
##
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|Vice-Presidents:|L A Brown MBE BVScBA PhD FRSBMBA FRCVS|
|---|---|
||Professor P H Holmes OBE BVMS PhD FRCVS FRSE|
||8 Howard
BVMS PhD FRCVS|
||3 H Pratt BVMRS DVSM FRCVS|
||G DSales BScPhD AKC MRSB DipTCDHE|
##
|CounciL||
|---|---|
|(who are the Directors|ofthe Limited Company)|
|Chairman:|A G Simmons
BVMS MSc MRCVS (until 13.10.21)"'|
||M Radford OBE LLB(from 14.10.21)'|
|Vice-Chairman:|M Radford OBE LLB (until 13.10.21)'|
|Honorary Treasurer:|C McCann BScACA"|
||SAbeyesinghe
BScMSc PhD|
||Professor
R M Bennett BScMSc PhD"|
||3 Downes BVScMRCVS|
||A Enticknap
PhD|
||Professor A Nolan OBE MVB DipECVA DipECVPT DVA MRCVS (until 13.10.21)|
||A Olsson MSc PhD'|
||D Pritchard
BScBVetMed MPH MRCVS'|
||D RSargan
MA PhD
A G Simmons
BVMS MSc MRCVS (from 14.10.21)"'|
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|||||Note||Unrestricted|Restricted||Total Funds||TotalFunds|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds||2022||2021|
|||||||E|E||E||E|
|Incoming Resources||||||||||||
|Voluntary
Income:||||||||||||
|Subscripfions
8 Donations||||||37,687|206||37,893||25,167|
|Appeals||||||2,990|||2,990||1,130|
|Legacies||||||58,477|||58.477||94.299|
|||||||99154|206||99,360||120,596|
|Charitable
Activities:||||||||||||
|Publications||||||89.793|||89,793||91,841|
|Royalties
& Lecture Fees||||||8.412|||8,412||25,263|
|Symposium|||||||||||4,293|
|Interest &Recoveries||||||33|||33||68|
|||||||98,238|||98,238||121.465|
|Investment
Income||||||||||||
|Interest Bearing Deposits||||||39.567|||39,567||19.788|
|Securities||||||134.551|11,616||146,167||165.136|
|||||||174.118|11,616||185,734||184.924|
|Total Incoming Resources||||||371,510|11,822||383,332||426,985|
|Resources Expended||||||||||||
|Costs ofGenerating
Funds||||||78.828|6,812||85,640||88,916|
|Charitable
Activities||||||378.375|||378,375||309,586|
|Other Resources Expended||||||178,903|15||178,918||167.806|
|Total Resources Expended||||||636.106|6,827||642,933||566,308|
|Operational
(Outgoing)/incoming|||Resources for|the Year *|(|264,596 )|4,995|(|259,601 )|(|139,324 )|
|Other Recognised
Gains &Losses:||||||||||||
|Net Realised Gain/(Losses)|on|Investmenls||||444,926|||444,926||98,588|
|Net Unrealised
Gains/(Losses)||on|Market Value of|||||||||
|Investments||||6, 10,11|(|209,431 )|56,706|(|152,725 )||1.427,666|
|Net Movement afFunds||||||(29,101)|61,701||32,600||1,386,930|
|Balance Brought Forward||||||8,128,837|596.211||8.725,048||7,338.118|
|Balances Carried Forward||||10,11,8 12||8,099,736|657,912||8,757,648||8,725,048|
##
||||Note|2022|2021|
|---|---|---|---|---|---|
|Fixed Assets||||||
|Tangible
Fixed Assets||||402,415|406,850|
|Investments||||8,058,372|8,042,533|
|||||8,460,787|8,449,383|
|Current Assets||||||
|Debtors||||35,111|37,066|
|Money Market &Deposit Accounts||||392,294|308,952|
|Cash at Bank and in Hand||||29,214|22,277|
|||||456,619|368,295|
|Current Liabilities||||||
|||One Year|8|159758|~87630|
|Net Current|Assets|||296861|280,665|
|Total Assets less Current Liabilities||||8,757,648|8,730,048|
|Creditors:|Amounts|Falling Due after More than One|9||5000|
|Net Assets||||8,757,648|8,725,048|
|l-unas||||||
|Unrestricted|||10|8,099,736|8,128,837|
|Restricted|||11|657,912|596,211|
|||||8,757,648|8,725,048|
##
||||Note|2022|2021|
|---|---|---|---|---|---|
|Net cash inflow/(outflow)
from operating|activities||16|(366,891 )|( 314,816 )|
|Returns on investments
and servicing of|finance||17|185,734|184,924|
|Capital expenditure
and financial
investment|||17|271 437|219556|
|Increase/(decrease)
in cash in the period||||0 280|89,664|
|Reconciliation
ofnet cash flow to movement||in net debt|18|||
|Increase/(decrease)
in cash in the period||||90280|89,664|
|Movement
in net debt in the period||||90,280|89,664|
|Cash and Cash Equivalents
at the start ofthe||Year||331 229|241 565|
|Cash and Cash Equivalents
at the end of|the|Year||421 509||
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||||||||||Total||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|Funds||
|Note|||||||Funds|Funds|2022|2021|
||||||||6|||6|
|2|Costs ofGenerating||Funds||||||||
|||Fundraising|||& Publicity Costs||33,225|6,812|40,037|46,380|
|||Investment|||Management
Fee||45,603||45,603|42,536|
||||||||78,828|6,812|85,640|88,916|
|3|Charitable|Activities|||||||||
||||Scientific Staff Salaries||||235,790||235,790|204,221|
|||||||University
Links|2.322||2,322|4,141|
|||Early Career||Scientist of the Year|||1,000||1,000|1,000|
|||||||UFAW Medal|1,005||1,005|1,008|
||||||Research Awards||71,539||71,539|26,977|
||Animal Welfare|||Student Scholarships|||23,884||23,884|20,433|
|||||||Publications|39,170||39,170|29,637|
||||||Fees & Expenses||1,378||1,378|4,017|
||||E-Commerce/Website||||2,287||2,287|2,862|
|||Garden||Bird||Project Support||||15,000|
|||||||Symposia||||290|
||||||||378,375||378,375|309,586|
|4|Other Resources Expended||||||||||
|||Legal and|||Professional Fees||7,266||7,266|2,424|
|||||||Audit Fee|5,940||5,940|5,700|
|||Administration||||Staff Salaries|96,953||96,953|110,580|
|||||||Office Costs|58,185|15|58,200|39,668|
|||||||Bad Debts|1,198||1,198|2|
|||||||Depreciation|9,361||9,361|9,432|
||||||||178,903|15|178918|167,806|
||Staff Costs||||||||||
|||||||Salaries|290,657|6,812|297,469|288,696|
|||||||Social Security|37,154||37,154|37,068|
|||||||Pensions|32,179||32,179|31 106|
||||||||359,990|6,812|366,802|356,870|
||||FOR THE YEAR END|ED 31 March 20|ED 31 March 20|22||
|---|---|---|---|---|---|---|---|
|||||Freehold||||
|||||Land|and|Fixtures &||
|||||Buildings||Equipment|Total|
|5|Tangible Fixed Assets|||E||E|E|
||Costs or Market Value|||||||
||At 1 April 2021|||413,333||55,394|488,727|
||Additions|||||4,925|4,925|
||At 31 March 2022|||413,333||60,319|473,652|
||Depreciation|||||||
||Accumulated
Depreciation
at 1 April 2020|||11,481||50,395|61,876|
||Charge for the Year||||6,888|2,473|0361|
||At 31 March 2021|||18,369||52,868|71,237|
||Net Book Value at 31 March 2022|||394,964||7,451|402,415|
||Net Book Value at 31 March 2021|||401,852||4,998|406,850|
||Histodcal
Freehold|Buildings||||||
||Cost|||||||
||At 01.12.1997|||280,000||||
||Depreciation|||||||
||Depreciation
at 1.4.21|||108,500||||
||Charge for the year|||4,667||||
||At 31 3.22|||113,167||||
||Historic Net Book|Value at 31.3.22||166,833||||
|||||||2022|2021|
|6|Investments|||||E|E|
||Quoted|||||||
||Market Value at 1 April 2021|||||8,042,533|6,737,357|
||Additions
at Cost|||||1,282,571|1,389,185|
||Less Disposals at Book Value|||||(1,163,911)|( 1,417,224 )|
||(Decrease)/increase||in Balance with Stockbroker|||49,904|(94,450)|
||Net Unrealised
Gains/(Losses)|||||1527251|1 427,666|
||Market Value at 31||March 2022|||~05|8,042,633|
||||Analysis|UK||E4,887,625|4,989,678|
|||||Overseas||E3,170,746|3,052.855|
||Historical Cost at 31 March 2022|||||6,207,793|6 088 656|
|7|Debtors|||||2022|2021|
||||||||E|
||Tax Recoverable|||||1,978|1.771|
||Prepayments|||||24,473|19,710|
||Legacies|||||||
||Other Debtors|||||8,660|15505|
|||||||35,111|37066|
|8|Creditors Amounts||falling due in one|||||
||year|||||2022|2021|
|||||||E||
||Trade Creditors|||||133,333|57,343|
||Tax and Social Security|||||||
||Accruals|||||26,425|30,287|
|||||||150760|87,630|
##
|||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|9|Creditors:|Amounts||Falling|Due After||More than|One Year||||E|E|
||Trade Creditors:||Within two to|||four years|||||||8 6M|
||||||||||||||5.000|
|||||||||Incoming
&||||Unrealised||
|||||||||Realised||Expenditure||Gain/(Loss)||
||||||||Balance|Gains in the||in the year||on|Balance|
|10|Unrestricted|Funds|||||31.3.21|year||||Investments|31.3.22|
||||||||E|E||E||E|E|
||Unrestricted|General||Funds|||8 128837|816436|(|636,106)|(|209,431 )|8099736|
||||||||8,128837|816,436|(|636,106)|(|209,431 )|8,099,736|
|||||||||Incoming
&||||Unrealised||
|||||||||Realised||Expenditure||Gain/(Loss)||
||||||||Balance|Gains/losses||in the year||on|Balance|
|11|Restricted|Funds|||||31.3.21|in the year||||Investments|31.3.22|
||||||||E|E|||||E|
|||||Leigh|Brown||17,038|431||||2,447|19,916|
||||Lorna Gascoigne||||154,592|336||||19,796|174.724|
|||||Tomlin|Taylor||38,486|1,003||||5,623|45.112|
|||||Pennie||Bette|210,014|5,714||||31,032|246,760|
||||UFAW/SAW||I|Fund|176.081|4,338
~2|(|6,827 )|(|2,192)
~06|171,400
~657912|
##
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|Analysis of|Assets|Between Fund|s|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Tangible|||Current|Assets||
|||||Fixed Assets|Investments||less Creditors||Total|
|||||E|E||E||E|
|Restricted|Funds|||||||||
|||Leigh|Brown||19,916||||19,916|
|||Lama Gascoinge|||174,724||||174,724|
|||Tomlin|Taylor||45,112||||45,112|
|||Pennie|Bette||246,760||||246,760|
|||UFAW/SAWI|Fund||171,950|(||550 )|171,400|
||||||658,462|(||550 )|657,912|
|Unrestricted||||402,415|7,399,910|||297,411|~8,099736|
|||||452415|~8058
2|||299686|~85 6 8|
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|Reconciliation
ofthe Net (Outgoing)/Incoming|Reconciliation
ofthe Net (Outgoing)/Incoming|Reconciliation
ofthe Net (Outgoing)/Incoming|Reconciliation
ofthe Net (Outgoing)/Incoming|Reconciliation
ofthe Net (Outgoing)/Incoming||Resources|Resources|to Net Cash Inflow/(Outfiow)
from|to Net Cash Inflow/(Outfiow)
from|Operating|Operating|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Activities)||||||||||||
||||||||||2022||2021|
|Net incoming/(outgoing)|resources||||||||32,600||1,386,930|
|Profit on disposal of Investments||||||||(|444,926 )|(|98,588 )|
|Interest received||||||||(|185,734 )|(|184,924 )|
|Depreciation
charges|||||||||9,361||9,432|
|Unreaiised
(gains)/losses|on investments||||||||152,725|(|1,427,666 )|
|(Increase)/decrease
in debtors|||||||||1,955|||
|(Decrease)/Increase
in creditors
Net cash inflow/(outgow)
from operating||||activities||||67 128
~366 6||||
|Analysis ofCash Flows|for Headings||Netted||in|the Cash||Flow Statement||||
||||||||||2022||2021|
|Returns
on investments|and servicing||of|finance|||||E||E|
|Interest received|||||||||185734||184924|
|Net cash inflow for returns
on investments
offinance|||||and|servicing|||~57|||
|Capital expenditure
and|financial|investment||||||||||
|Purchase oftangible
fixed assets||||||||(|4,925 )|(|1,522 )|
|Purchase offixed asset investments||||||||(|1,332,475 )|(|1,294,735 )|
|Sale offixed assets investments|||||||||444,926||98,588|
|Sale of fixed asset investments|||||||||1,163,911||1,417,224|
|Net cash (oufflow)/inflow
financialinvestment|for capital expenditure|||||and|||~271437||219,556|
|Analysis ofChanges
in|Cash and|Cash Equivalents|||||at|||||
|Bank||||||||As at 1.4 21|Cash flow||At 31.3.22|
|||||||||8|E|||
|Net Cash:||||||||||||
|Cash at bank||||||||331229|90280||421 509|
|Total||||||||||||