Charity number: 209222 Company number: 00463819 (England and Wales) International Bee Research Association Report of the Trustees and Unaudited Financial Statements For the year ended 31 December 2022 International Bee Research Association Contents Page For the year ended 31 December 2022 |Report of the Trustees|1 to 6| |---|---| |Independent Examiner's Report to the Trustees|7| |Statement of Financial Activities|8| |Statement of Financial Position|9| |Notes to the Financial Statements|10 to 14| |Detailed Statement of Financial Activities|15 to 16| ## International Bee Research Association Report of the Trustees ## For the year ended 31 December 2022 The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 December 2022. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). ## Aims and Objectives The objective of the company is to promote the value of bees by providing information on bee science and beekeeping worldwide. The International Bee Research Association (IBRA) continues to collect, collate and disseminate information on all bees and maintains a network of expertise. The association reviews its aims, objectives and activities each year. This review looks at what IBRA has achieved, and the outcome of its work during the year ended 31 December 2022. In complying with the requirements of section 17(5) of the 2011 Charities Act, reference has been made to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning future activities. In particular, the Association refers to the specific guidance on charities on the advancement of science and the conservation of the environment. ## Strategies and activities The Association maintains its services through the support of members, subscriptions, grants, donations and sales and royalties from publications. ## Achievement and performance overview IBRA continues to be very reliant on the services of volunteers and although financial performance is good it would not be viable to attempt to recruit paid employment. Considerations relating to appropriate long-term storage of archived materials, book stocks, website host and maintenance and management accounts are ongoing. We report that in 2022 we achieved a net income of £8,851 compared with a net income in 2021 of £39,402. So, an overall decrease in net income of £30,551. A decrease in the value of CAF Investments of £22,513 which is due to the drop in the value of units/shares from 99.880p to 82.430p ## IBRA Offices Bees for Development (BfD), 1 Agincourt Street, Monmouth, Wales, NP25 3DZ serve as IBRAs Registered office address and accommodate IBRA's archives. The Trust has no employees, only contractors and no physical operations office. ## IBRA collections The IBRA library of historical books, IBRA's records and reference collection of IBRA publications, and a few historical artefacts remain in store at Quince Honey Farm. Work is currently in hand to identify the antiquarian books in store at Quince Honey Farm which are to be moved to Bees for Development in Monmouth or suitable alternative accommodation. All of the artefacts in the IBRA / Eva Crane Historical Collection and known as the Historical Collection were donated to The Trustees of the Eva Crane Trust (ECT) on 25th April 2022. ## The following terms apply: 1.The ECT will accept the Historical Collection on the understanding that it will preserve, curate and display the Historical Collection artefacts for the educational benefit of the general public and the continuation of Eva Crane's legacy. 2.Where the Historical Collection artefacts are displayed, a prominent notice should be included which recognises and acknowledges the donation from IBRA to the ECT. 3.If Quince Honey Farm should request to borrow an item from the Historical Collection to display at its own site for a specified period, the ECT should consider this generously, in light of Quince's support for IBRA over many years. 4.The ECT will honour the contract between IBRA and the Municipality of Kalmthout (signed 17 July 2014) concerning the display of items from the Historical Collection. The IBRA Bee Boles Register was also donated to The Trustees of the Eva Crane Trust (ECT) on 21st June 2022 in its entirety - both electronic and paper files along with the management of the Bee Boles Register website. This donation will be appropriately acknowledged and managed in order to preserve and promote this important archive for the educational benefit of the general public and the continuation of Eva Crane's legacy. ## Noteworthy News It is with much sadness that we include in this report the untimely passing of Panuwan Chantawannakul, a member of the 1 of 16 ## International Bee Research Association Report of the Trustees Continued ## For the year ended 31 December 2022 editorial board of Journal of Apicultural Research and the Vice President of COLOSS on March 18th, 2022. Panuwan was with her family and many of her current and former students and is terribly missed. ## Extension of IBRA publishing contract with Taylor & Francis (T&F) Our publishing contract was due to expire at end 2021 after giving 12 months' notice. Because of the difficulties caused by the Covid-19 pandemic lockdowns we have negotiated an extension of 12 months so that the contract now expires at end 2022. A further extension was agreed to expire at end of 2023. ## Publications - journals ## Bee World Our Editor, Dr. Robert Brodschneider, has done a tremendous job in revitalising this journal. Four issues with 144 pages (each issue with the scheduled 36 pages) were published. These included twenty-two articles, seven review articles, three articles in the forum section, one book review, and one art and culture article. Issue 99(1) was a special issue on COLOSS - all articles open access. ## Journal of Apicultural Research Editors Dr Maria Bouga (Senior Editor) and Dr Melanie Parejo (Assistant Editor). The third issue of Volume 61 (2022) includes an editorial by Prof. Pickard dedicated to Prof. Panuwan Chantawannakul, who passed away in March 2022. Her death is a big loss to JAR Editorial Board and also to other organisations dedicating her life to bees. The fifth issue of Volume 61 (2022) is the Special issue on Stingless bees (Editors: Deborah Smith, Juliana Rangel, Maria Bouga, and Melanie Parejo). Prof. Deborah Smith was Guest Editor. The cover photo of the five issues of Volume 61 (2022 depicting Melipona fasciculata forager harvesting nectar from a Cosmos flower at the research station of Embrapa Eastern Amazon Research Station in Belém, Brazil, is related to the special issue on stingless bees. JAR's impact factor (2021) is 2.407. The Cite Score (2021) (Scopus) is 4.6 (i.e., the average number of citations received by articles in the journal over a four-year period). ## COLOSS BEEBOOK articles Four updated chapters have been submitted to JAR. These updated chapters are intended to replace the first version of the chapters online. ## Apimondia contest best scientific journal We gave an effort but without success, with the kind help of Prof. Pickard, Dr Fani Hatjina and Prof. Irfan Kandemir. EURBEE awards IBRA IBRA offered a JAR and a BEE WORLD subscription to the best student oral and best poster presentation, which were awarded by Prof. Robert Paxton (IBRA council) at the Eurbee conference held in Belgrade, Serbia, in September 2022. ## Current situation of JAR The Editorial Board currently, consists of 16 members, including Prof. Pickard as Emeritus member, Mr Stuart A. Roberts (IBRA), and a new member, Prof. Orawan Duangphakdee from Thailand with expertise in Asian bees. Björn Dahle has decided to reduce his workload and rescind from JAR Editorial Board after he has finalized his assigned papers. The Editorial Board performs regular virtual meetings, and its members are working in close collaboration with the Editors. The Editors of JAR and BEE WORLD are in close collaboration. Regular JAR updates are also posted on social media to increase Journal's visibility. ## Publications - books We sold a total of 876 items through Quince Honey Farm (IBRA bookshop sales). This brought in an income of £8,148.50. Of these items, 713 were wholesale sales to bookshops etc. which accounted for £5,615.62. We also sold 501 books through Ligntning Source (Ingram) in conjuction with Northern Bee Books (NBB). This brought us income an income of £6,591.77. 2 of 16 International Bee Research Association Report of the Trustees Continued ## For the year ended 31 December 2022 We invested £13,110.00 in marketing and production of new book. They were as follows: ## World Meliponine Taxonomy Nomenclature - Abu Hassan Jalil Geometry & Colours of Meliponine Brood Cells - Abu Hassan Jalil Indonesian Meliponiculture & Beyond - Abu Hassan Jalil Form and Function in the Honey Bee - Lesley Goodman Field Notes on Queen Rearing - Oliver Field Meliponiculture & Beyond in The Philippines - Abu Hassan Jalil Abu Hassan Jalil has a number of books that he wants to produce. However, to make the most of this investment we need to have a strategy to promote these books in the right markets. ## Website The IBRA website (https://ibra.org.uk ) is the public face of IBRA. It provides information about bee science and beekeeping through its links to its journals, bookshop, FAQs and the IBRA Bee Boles Register. Members use the website to access all current and past issues of Bee World and Journal of Apicultural Research, while non-members can follow the links to our many open-access journal articles. The website remained substantially the same in 2022, but behind the scenes many some aspects of the operation of the membership and subscription system are not functioning as well as they migh. CFC was taken over in early 2022 necessitating a change of support company. We made a smooth transition to We Grow Forest Foundation , an environmental non-profit organisation also based in India. ## Twitter (@IBRABee) 6,368 followers as of May 2023 ## Facebook (https://www.facebook.com/IBRAssociation) 11k followersas at May 2023 ## Financial Review PayPal Total Sales through PayPal for 2022 = £13,018 across 195 transactions with a mean average selling price of £67.00 compared to sales performance through PayPal during 2021 Total Sales and transactions are down by £3,648 and 74 respectively but the mean average selling price has increased by £5.00 Of Total Sales for 2022, £4,959 (38%) was through domestic sales (UK) and £8,059 (62%) was through international sales. This equates to a 2% drop in domestic sales and a 2% increase in international sales compared to 2021. The highest proportion of these sales came from the UK (£4,959 - decrease from £6,747 in 2021) and the USA (£2,627 - marginal increase from £2,594 in 2021) and Germany (£735 decrease from £1,173 in 2021). ## Nat West Bank Closing Balances as at 31 December 2022: Current Account: £103,040.02 (31 Dec 2021 - £64,437.02) Reserve Account: £21,205.46 (31 Dec 2021 - £21,159.43) ## Barclays Bank Community Account: £2,174.45 (31 Dec 2021 - £2,328.84) Euro Account: £177.04 (31 Dec 2021 - £177.04) Dollar Account: £624.54 (31 Dec 2021 - £624.54 ## PayPal Current Account: £4,348.40 (£4,228.80) Cash Balance £236.29 (£351.51) ## CAF Value of holding £106,346.97 units/shares as of 30 Dec 2022 at 82.430p Value of holding £128,860.07 units/shares as of 31 Dec 2021 at 99.880p 3 of 16 International Bee Research Association Report of the Trustees Continued For the year ended 31 December 2022 Accrued unclaimed outstanding distribution payments from the IFSL CAF Fixed Interest Fund B Income will be paid in 2023. Donations received by IBRA: ·PayPal Giving - £97.96 ·Amazon Smile - £13.23 ·Holskjaer Charitable Trust via CAF - £300.00 ·Ms Lash - £10.00 Donations paid by IBRA: ·COLOSS - £1,000 ·Bees for Development - £50 Royalty payments received by IBRA: ·INFORMA UK -£71,030.86 Royalty payments paid by IBRA: ·David J Heaf-£373.97 ·William Kirk-£51.90 ## Policy on Reserves The International Bee Research Association (IBRA) is a not-for-profit membership organisation that is primarily involved in three activities. 1.Production of a peer-reviewed international scientific journal on bees and beekeeping (Journal of Apicultural Research) 2.Production of an international science-based journal on all aspects of beekeeping and all species of bees worldwide, acting as a bridge between beekeepers and bee scientists (Bee World). 3.Commissioning, reprinting, production and distribution of books and pamphlets about bees and beekeeping to support the education and training of beekeepers, bee scientists and the general public worldwide. To achieve our prime purpose of providing information to further the understanding of bees and beekeeping internationally, it is important that our Editors can attend conferences and maintain contact with a wide circle of bee scientists. In addition, commissioning and producing books can have a slow return on capital invested. For these reasons and to ensure we can continue in business following any unexpected drop in income, IBRA's policy on reserves is to maintain our long-term reserves at a multiple of between three- and four-times annual turnover. This policy will be reviewed every two years to account for changing circumstances. ## Public Benefit Statement The Trustees have considered the public benefit guidance published by The Charity Commission for England and Wales and they believe that a public benefit is being delivered by the Association's work in promoting the value of bees, facilitating the study of bees and providing information on bee science and beekeeping worldwide. They consider that the Association's activities continue to advance education and research on bees and an appreciation of the value of all kinds of bees. ## Structure, governance and management ## Nature of governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## Recruitment and appointment of Trustees The Members of Council who are listed on page 2, above, are Directors of the Company and Trustees of the Charity. They are appointed by vote at the Annual General Meeting. Every year one third of the existing Trustees have, in turn, to submit themselves for re-election. ## Organisational structure Council has delegated Executive Authority to a Management Team (MT), in effect asking the MT to act as Chief Executive Officer (CEO) for IBRA. The MT is responsible to the Council in all matters. The MT, currently consisting of Trustees William Kirk, Stuart Roberts and Jacqueline Hart who met regularly throughout the year using video conference facilities. There is no physical administrative office. ·The Council is chaired by Trustee Fani Hatjina (took over from Robert Pickard on 1 September 2022) ·Trustee Hans Kjaersgaard is the Company Secretary 4 of 16 ## International Bee Research Association Report of the Trustees Continued ## For the year ended 31 December 2022 ## ·Trustee Jacqueline Hart acts as Treasurer. ·Trustee Martin Kunz has the responsibility of managing IBRA's relationship with Taylor & Francis who publish our journals. ·Trustee Martin Kunz has the responsibility of managing the Journals supported by Maria Bouga, Melanie Parejo and Robert Brodschneider as editors of our journals. ·Trustee Stuart Roberts has responsibility for commissioning and publication of new books and organizing the reprinting of out-of-print IBRA books, often within our partnership with Northern Bee Books. Stuart manages book and corporate promotions through contractor Louisa Cartwright. He also acts as the link between the MT and the IBRA Bookshop at Quince Honey Farm, South Molton, Devon, that is managed by Quince Director Paddy Wallace. ·Trustee William Kirk is responsible for monitoring and maintaining records and the historic artefacts. He also manages the relationship between the MT and our contracted Website manager, which changed from CFC to WeGrowForest on 1 March 2022. It is current IBRA policy to purchase work that is not done by volunteers. Thus, Maria Bouga and Robert Brodschneider are contracted to edit JAR and BW respectively while Melanie Parejo is contracted to Assist the editing of JAR. The complete Editorial Boards for JAR and BW are listed above in the Journals section of this report. Except for Maria Bouga, Melanie Parejo and Robert Brodschneider, all are unpaid volunteers. (N.B. Jessica Wilson is the volunteer manager of our Social Media operations and, as such, reports to Trustee Martin Kunz.) ## Major risks and management of those risks The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## Objectives and policies The charity's activities expose it to financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of Trustees. The charity does not use derivative financial instruments for speculative purposes. ## Cash flow risk The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity tries wherever possible to negotiate contracts in sterling to minimise exchange rate risk. ## Interest-bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows. ## Credit risk The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity's only large contract is with Taylor & Francis who credit the charity with royalties due on the previous year's uptake of articles from Bee World and JAR. This represents about 65% of annual income. ## Liquidity risk To maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. This annual report was approved by the Trustees of the charity on 12 June 2023 and signed on its behalf by: Ms J Hart IBRA Treasurer 5 of 16 International Bee Research Association Report of the Trustees Continued For the year ended 31 December 2022 . ## **OBJECTIVES AND ACTIVITIES** ## **Statement on public benefit** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** International Bee Research Association **Charity registration number** 209222 **Company registration number** 00463819 **Principal address** 1 Agincourt Street Monmouth Monmouthshire NP25 3DZ ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Prof. D. C. de Graaf Prof. K. Delaplane Dr. J. D. Ellis Dr. J. D. Evans Dr. F. Hatjina Prof. W. D. J. Kirk Dr. M. Kunz Mr. H. Kjaersgaard Prof. S. J. Martin Prof. R. J. Paxton Prof. R. S. Pickard Mr S. Roberts Ms J. Hart **Secretary** Mr. H. Kjaersgaard **Independent examiners** Dart Services Chartered Certified Accountants Basement Weavers House 1 Gardens Road Clevedon BS21 7QQ Approved by the Board of Trustees and signed on its behalf by ............................................................................. 18 April 2023 Mr. H. Kjaersgaard 6 of 16 International Bee Research Association Independent Examiners Report lo the Truslees For the year ended 31 December 2022 I r8POrt lo the trustegs on my examination of th8 account¥ of the charrtabS& company for the year ended 31 Dècèmber 2022 R￿PonSIbIlItIes and ba8ls of roport A5 the ¢harty Trustses, who are also dirèctors for the purpose¥ of wmpany layl. are responsib￿ for the p￿ParatIOn of Ihe accounts in ac¢ordan¢e with th8 requirements of the Compani8s Act 20061'the 2006 A¢VI. Having satisfied myself that th8 accounts ol the Company ar• not ffjquifed to be audited under Part 16 01 the 2008Act and are eligibl& fof Independent examination, I report in respect of rny examination of your charty's accounts carried out under saction 145 01 the Charit18s Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Direction¥ givan by the Charty Comm15sion und8f sects'on 14515lltsl of th8 2011 Act. Independont oxamlners statemont I have CoMp￿ted my examination. I confirrn that no mattgr8 have corn$ to my attonts.on in connection with thtr *xomination giving me cause to believe that in any material resped". 1. accounting ￿CordS were not kept in rè$pect of the Company as f8quired by section 386 of the 20(kS Act.. or 2. the aGcounts do not accord wrth those records.. or 3. the accounts do not comply with the requiromenis of 58Gtion 39$ of the 2006 Act oihtsr than any raquiremnt that the accounts give a'true and fair viow, which is not a matt8r wnsidered as part of an independent examination", Dr 4. the accounts havè not been prepar8d in aeeordance with th¢ methods and principles of th8 Statement ol RecL)mmendtrJ Practica lor accounting and rèporting by charitie¥ applicable to charities preparing their accounts in accord8n¢e with the Financ4al Reporting Standard applicable in Ihg UK and Republi¢ of Iraland IFRS 1021. I have no concem$ and have corne across no other matters in ¢onn6ction with the examination to wh￿h attention ¥houkJ be drawn in this ￿Part in order lo en8bl& a proper understanding ol the account$ lo be r8ached. ri9hlAnde ¢ipal art Servic88 Chartered Certified Accountants Basement Weavers House 1 Gardèns Road levedon 8S217QQ 18 April 2023 7of16 ## International Bee Research Association ## Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 December 2022 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Charitable Activities
Other trading activites
4
Other Trading Activities
Investments
5
Income from listed investments
**Total**
**Expenditure on:**
Raising funds
6/7/8
Costs of generating donations
and legacies
Fundraising trading: cost of
goods sold and other costs
Investment management costs
Charitable activities
9/10
Charitable Activities
**Total**
**Transfers between funds**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
421
4,694
88,054
7,122
**100,291**
(3,621)
(61,605)
(22,513)
(3,701)
**(91,440)**
-
**8,851**
353,068
**361,919**|**2021**
**£**
-
16,048
88,565
1,398| |---|---|---| |||**106,011**| |||(4,206)
(47,981)
(6,438)
(7,984)| |||**(66,609)**| |||6,128| |||**45,530**| |||307,538| |||**353,068**| 8 of 16 00463819 Registered Number : International Bee Research Association Statement of Financial Position As at 31 December 2022 ||**Notes**|**2022**|**2021**| |---|---|---|---| |||**£**|**£**| |**Fixed assets**|||| |Heritage assets|15|33,000|33,000| |Investments|16/17|106,347|128,860| |||**139,347**|**161,860**| |**Current assets**|||| |Stocks|18|11,472|12,857| |Debtors|19|85,962|71,880| |Cash at bank and in hand||131,806|93,308| |||**229,240**|**178,045**| |**Creditors: amounts falling due within one year**|20|(6,668)|13,163| |**Net current assets**||**222,572**|**191,208**| |**Total assets less current liabilities**||**361,919**|**353,068**| |**Net assets**||**361,919**|**353,068**| |**The funds of the charity**|||| |Unrestricted income funds||361,919|353,068| |**Total funds**||**361,919**|**353,068**| For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Prof. W. D. J. Kirk Trustee 18 April 2023 9 of 16 ## International Bee Research Association Notes to the Financial Statements For the year ended 31 December 2022 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. International Bee Research Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **2. Income from donations and legacies** |**Unrestricted funds**
Donations received
**ncome from charitable activities**
**Unrestricted funds**
_Charitable Activities_
Income from charitable
activities
**ncome earned from other activities**
**Unrestricted funds**
Other Trading Activities|**2022**
**£**
421
**421**
**2022**
**£**
4,694
**2022**
**£**
88,054
**88,054**|**2021**
**£**
-| |---|---|---| |||**-**| |||**2021**
**£**
16,048
**2021**
**£**
88,565| |||**88,565**| ## **3. Income from charitable activities** ## **4. Income earned from other activities** 10 of 16 ## International Bee Research Association Notes to the Financial Statements Continued For the year ended 31 December 2022 ## **5. Investment income** |**Unrestricted funds**
Income from listed investments
**xpenditure on generating donations and legacies**
**Unrestricted funds**
Support costs
**xpenditure on other trading activities**
**Unrestricted funds**
Shop costs
**nvestment management costs**
**Unrestricted funds**
Other investment management
costs
**osts of charitable activities by fund type**
**Unrestricted funds**
Charitable Activities
Support costs|**2022**
**£**
7,122
**7,122**
**2022**
**£**
3,621
**3,621**
**2022**
**£**
61,605
**61,605**
**2022**
**£**
22,513
**22,513**
**2022**
**£**
-
3,701
**3,701**|**2021**
**£**
1,398| |---|---|---| |||**1,398**| |||**2021**
**£**
4,206| |||**4,206**| |||**2021**
**£**
47,981| |||**47,981**| |||**2021**
**£**
6,438| |||**6,438**| |||**2021**
**£**
3,087
4,897| |||**7,984**| ## **6. Expenditure on generating donations and legacies** ## **7. Expenditure on other trading activities** ## **8. Investment management costs** ## **9. Costs of charitable activities by fund type** 11 of 16 ## International Bee Research Association Notes to the Financial Statements Continued For the year ended 31 December 2022 ## **10. Costs of charitable activities by activity type** |**Support costs**
Charitable Activities
**11. Analysis of support costs**
**Charitable Activities**
**IT Costs & Support**
IT Costs & Support
Sundry Expenses
Bank Charges
Insurance
**Governance costs**
Accountancy fees
Legal fees|**2022**
**£**
3,701
**2022**
**£**
2,302
216
549
634
**3,701**
2,500
1,121
**3,621**
**7,322**|**2021**
**£**
7,984
**2021**
**£**
2,406
591
691
1,209| |---|---|---| |||**4,897**
2,450
1,756| |||**4,206**| |||**9,103**| ## **12. Net income/(expenditure) for the year** This is stated after charging/(crediting): ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |Accountancy fees|2,500|2,450| |**13. Particulars of employees**||| ||**2022**|**2021**| |Management|0|0| ||**0**|**0**| 12 of 16 ## International Bee Research Association Notes to the Financial Statements Continued ## For the year ended 31 December 2022 ## **14. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **15. Heritage assets** |Balance at 01 January
2022
Balance at 31
December 2022|**Heritage**
**Assets**
**£**
33,000| |---|---| ||**33,000**| ||| ## **Investments** ## **16. Analysis of movement of commercial investments** |Market value at 01
January 2022
Net gain/(loss) on
revaluation
Market value at 31
December 2022|**Listed**
**investments**
**£**
128,860
(22,513)| |---|---| ||**106,347**| ||| ## **17. Analysis of investments between funds as at year ended 31 December 2022** |**Analysis of investments between funds as at year ended 31 December 2022**||| |---|---|---| |**Unrestricted funds**
Listed investments|**2022**
**£**
106,347
**106,347**|**2021**
**£**
128,860| |||**128,860**| ## **18. Stocks and work in progress** |Stock|**2022**
**£**
11,472
**11,472**|**2021**
**£**
12,857| |---|---|---| |||**12,857**| 13 of 16 ## International Bee Research Association Notes to the Financial Statements Continued ## For the year ended 31 December 2022 ## **19. Debtors** |**Debtors**||||| |---|---|---|---|---| ||||**2022**|**2021**| ||||**£**|**£**| |**Amounts due within one year:**||||| |Trade debtors|||7,810|6,373| |Prepayments and accrued income|||78,152|65,507| ||||**85,962**|**71,880**| |**Creditors: amounts falling due within one year**||||| ||||**2022**|**2021**| ||||**£**|**£**| |Trade creditors|||4,958|1,604| |Other creditors|||(790)|(17,217)| |Accruals and deferred income|||2,500|2,450| ||||**6,668**|**(13,163)**| |**Analysis of net assets between funds**||||| ||**Tangible**|**Investments**|**Net current**|**Net Assets**| ||**fixed assets**||**assets /**|| ||||**(liabilities)**|| ||**£**|**£**|**£**|**£**| |**Unrestricted funds**||||| |_General_||||| |General|33,000|106,347|222,572|361,919| ||**33,000**|**106,347**|**222,572**|**361,919**| |**Previous year**||||| ||**Tangible**|**Investments**|**Net current**|**Net Assets**| ||**fixed assets**||**assets /**|| ||||**(liabilities)**|| ||**£**|**£**|**£**|**£**| |**Unrestricted funds**||||| |_General_||||| |General|33,000|128,860|191,208|353,068| ||**33,000**|**128,860**|**191,208**|**353,068**| ## **20. Creditors: amounts falling due within one year** ## **22. Analysis of net assets between funds** 14 of 16 International Bee Research Association Detailed Statement of Financial Activities For the year ended 31 December 2022 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
**Charitable activities**
Income From Charitable Activities
**Other trading activities**
Income From Other Trading Activities
**Investments**
Income From Listed Investments
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Opening Stocks
Closing Stocks
Printing Journals And Publications
Editorial Fees
Advertising And Promotions
Sundry Expenses
Distribution Costs
Book Royalties
Telephone & Internet
Postage And Stationery
Travel And Subsistence
Donations
**Investment management costs**
Loss On Revaluation Of Investments
**Charitable activities**
Advertising And Promotions
**SUPPORT COSTS**
**IT Costs & Support**
It Costs & Support
Sundry Expenses
Bank Charges
Insurance|**£**
**2022**
421
**421**
4,694
**4,694**
88,054
**88,054**
7,122
**7,122**
**100,291**
(12,857)
11,472
(200)
-
(39,356)
-
(18,123)
(1,279)
(101)
(4)
(107)
(1,050)
**(61,605)**
(22,513)
**(22,513)**
-
**-**
(2,302)
(216)
(549)
(634)
**(3,701)**|**£**
**2021**
-| |---|---|---| |||**-**
16,048| |||**16,048**
88,565| |||**88,565**
1,398| |||**1,398**| |||**106,011**
(13,694)
12,857
(6,357)
(26,455)
(1,208)
(1,510)
(11,614)
-
-
-
-
-| |||**(47,981)**
(6,438)| |||**(6,438)**
(3,087)| |||**(3,087)**
(2,406)
(591)
(691)
(1,209)| |||**(4,897)**| 15 of 16 This page does not form part of the statutory financial statements ## International Bee Research Association Detailed Statement of Financial Activities Continued For the year ended 31 December 2022 |**Governance costs**
Accountancy Fees
Legal Fees
**Total resources expended**
**Net Income**|(2,500)
(1,121)
**(3,621)**
**(91,440)**
**8,851**|(2,450)
(1,756)| |---|---|---| |||**(4,206)**| |||**(66,609)**| |||**39,402**| 16 of 16 This page does not form part of the statutory financial statements