THE BRITISH PIG ASSOCIATtON
(A company lin]ited by Guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Charity No: 248119
CoTnpany No: (M)022088 {England and Wales)
Agutter . Khanderia
Chartered Accountants and Registered Auditors
27 ItllpeTiai Drive. Harrow HA2 7DG

## THE BRlTISH PIG ASSOCIATION 

(A company limited by Guarantee) 

## REPORT AND FINANCIAL STATEMENTS 

## FOR THE YEAR ENDED 31st DECEMBER 2020 

## CONTENTS 

|Charity Reference and Administrative Details|1 - 2|
|---|---|
|Trustees' Annual Report||
|(including Directors' Report)|3-9|
|Independent Auditor's Report|10 - 12|
|Statement of Financial Activities||
|(including Income and Expenditure Account)|13|
|Balance Sheet|14 - 15|
|Notes to the financial statements|16 -28|





THE BRTfIsH PIG ASSOCIATION
(A company limited by Guarantee)
CHARITY REFERENCE ADMINIST12ATtVE DETAILS
FOR THE YEA
ENDED 3 1st DECEMBE
20
Charity name:
The Britisb Pig Association
Charity registration numb¢r:
248119
Company registration number:
00022088 (England and Wales)
R¢gistered olTice and
Operational address..
TTumpingtOD M¢ws
40B High Street
Trumpington
Cambridge
CB2 9LS
Bankers:
National Westminster Bank Plc.
72-74 High Street
Watford
Hertfordshire
WDI 2BQ
Investment advisers and bankers:
Cazenove Capital Management
Schroder & Co. Limited
l London Wall Place
London
EC2Y SAU
Audilors:
Agutter . Kbanderia
Chartered Accountants
27 Imperial Drive
Harrow
HA2 7DG

THE BRITISH PIG ASSOCIATtON
(A company limited by Guarantee)
CHARITY REFERENCE ADMINISTRATIVE DETAILS
Continu
FOR THE YEAR ENDED
1st DECEMBER 2020
Tn￿ee8 and management Committ¢e:
President:
The Most Hon. The Marquess of Salisbury KCVO,
P.C.,D.L.
Acting Chairy)erson.'
C. Impey
Vice Chairyersons..
B. Kelly
Mrs. M Naylor
Honorary Vic¢-Presidents:
P. Brier
B. Knight
J. Millard
Mrs. V. Mills
Chief executive oificer
and Secretary..
M. Bates
Directors and Trustees:
Mrs. T. Bretherton
Mrs. C. Coe
Dr. M. Giles
C. Impey
B. Kelly
S. Loveless - resigned 3010312021
Mrs. S. Lugg
Ms. J. MatheNvs- resigned 3010312021
Mrs. M Naylor
N. Overend

THE BRITISH PIG ASSOCIATION
(A cotnpany limited by Guarantee)
RUSTEES, ANNUAL REPORT
CLUDNG DIREC
ORS, REPOR
FOR THE YEAR ENDED 3 1st DECEMBER 2020
The trustees, who are also directors of the charity for the PUryKises of the Companies Act, present
their annual report together with the audited financial stafrments for the year end￿ 31 st December
2020. The tTUStees have adopted the provisions of the Sthtement of Recommended Prdctice (SORP)
"Accounting and Reporting by Charities" the FinanciaI Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102) in preparing the annual ￿port and financial statements
of the charity.
The fll)ancial statements have been prepared in accordance with the accounting policies set out in
notes to the accounts and comply with the ¢harity'5 governing document, the Charities Act 2011 and
Accounting and Reporting by Charities.. Ststemenl of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland published in October 2019.
Trnstees of the charity
The directors of the charitable company are its lrnstees for the Purposes of charity law. List of
trustees who served during the year and since the ye4r-end are list&1 on page 2 of the financial
statements.
Publle benefit statement
The charity is a public benefit ¢ntity.
Our Aims, objeclivu *nd aethrities
se
dAim
Our charity's purposes set out in the objects clauses contained in the wmpany's memoraodum of
&ssociation are to:
Procure advancement of breed society fijnctions in p&Jigree pig breeding, LY)ns¢rYation and
recording of all major breed and in patticular, native br￿$.
The aims of our charity to provide comprehensive services to pedigree pig farn)ers in
maintenance of their individual pigs and herds. educate members about the risks of dise&8e through
organising training workshops, shows and exhibitions iK)th in the U. K. and overseas. development
of the pedigree pig industy both in the United Kingdom and overseas by exchanges between
countries. Ow aims fully reflect the putposes that the charity was set up.
nsurin
our work delivers ow aims
We teview our aims, objectives and activities each year. ReguIar meetings are arranged by dedicated
conllnittees to review training, organisauon of show5 and events, ￿gIOnal and specific matteTS. and
conservation of rare breeds, inspection of animal herds, welfatE and special projects. The executive
Committee meets at least once a year to review the work of the individual committees.

THE BRITISH PIG ASSOCIAIION
(A company limited by Guardntee)
TRUSTEES. ANNUAL REPORT
INCLUDING DIRECTORS. REPO
FOR THE
ED 31 st DECEMBE
20
The reviews look at the success of each core activity and the benefits they have delivered to those
ups of people we set to help. The ￿vIewS also help us to ensure our aims. objectives and
activities remain focused and deliver the planned benefits. We have referred to the guidance
contained in the Charity Commission's general guidance on public benefit when reviewing our aim
and objectives and in plantiing our future activities. In particular, the trustees consider how planned
activities will contiibute to th¢ aims and objectives they have set.
The f￿uS
f our work
Our main objectives for the year continued to be that of the advancement of F¢digr¢e breeding,
Conservation and recording. The strategies we used to meet these objectives included:
Electronic and manual registrations of breed society functions in paigree pig recordings;
Adive supw)rt for members by t¢lephone, correspond¢nce, Internet and educational workshops.
Cohservation of rare ￿dIgree pigs semen strKks as part of our heritage. and
Organising events, shows and exhibitions both ID the United Kingdom arKI worldwide to promote
breeding and conservation of pedigre¢ pigs.
How our aetivities deliver public benefit
Our main activities and whom we ty io help are described below. All our charilable activities focus
on delivering advanc¢ment and conservation within the pig industy that helps in delivering public
benefit to a wider community.
Who used and benefited f
Our objects and our coverage helped us to provide services to the ￿lgree pig famiers throughout
the United Kingdom. Advanced methods deployed in animal husbandry help the ultimate consumers
in obtaining safe source of food and promote the t*digree farniing to regions outsid¢ the UK.
Our activities of organising shows and missions both in the Unita Kingdom and overse&8 countries
deliver services to improve n]eth(Kls of pedigree breeding, control and help to eradicate disease and
improve the quality of food supply chain that deliver a much wider public benefit.
Advice and inforn]ation
Members and other users may obtain advice and infonnation by Internet. We bave developed our
website to meet the &ssuranc¢ and accreditstion stalld￿. We have a dedicated website
'www.british '
s.or
We provide dedicated support to members by telephone. electronic mail and by correswndenc¢.

THE BRrrIsH PIG ASSOCIATION
(A company limited b> Guarantee)
TRUSTEES. AKNUAL REPORT
CLUDING DIRECTORS, REPOR
Continued
FOR THE YE
ED
1st DECEMBER 2020
Finaneial Review
The Statement of Financial Activities and balance sheet for the year are set out on pages 13 and 14
of the financial slatements. A summary of the fllwicial results and the work of the charity are set out
below.
The trustees consider that the perforniance of the charity this year has been severely affected by the
5pr¢ad of covid-19 pandemic throughout the world aDd Government lockdown of the county. The
continuing restrictions resulting from the presence of the corona virus in the UK and rest of the
world has resulied in cancellation of most of our shows and exhibitions from March 2020 onwards.
We still operate in extremely challenging and uncertain financial and operattonal environment
Caused by the unpredictable global economy, corona virus pandemic in the year 2020 and into 2021,
increased regulation and continued uncertainty following United Kingdom's cancellation of tts
membership of th¢ European Union at the beginning of year 2021.
The ststement of fmancial activities shows net deficit for the year of £21,959 (2019: Deficit of
£26,723).
Gains arising from revaIuation of our Quoted Slock Market Investments for the year were £12,870
(2019: Gains of £34.655).
Our reserves after revaluation of assets and investment gains Stand at £590,690 (2019: £599,779).
The t￿￿teeS have reviewed fimd-raising strategies and return on fund-raising costs. We have
managed to wntrol costs to achieve stable delivery of services in an extremely difficult year. Fund-
raising costs were financed by sp)nsorships, grants and contrlbutions from members participating in
the activities.
Global stock markets were extremely volatile during the first half of year 2020 due to uncertainties
caused by covid-19 pandemic restrictions. However, our investments recovered during the second
half of year 2020 and have continued to perforni well in the year 2021. Current investments consist
of SUTL Cazenove Charity Class S Multi-Asset Fund income units at a cost of £397,856.
The trustees expect a yield of around 4.ly/o on our investsnents.
The activities of the charity hav¢ remained the same as in previous year.
Princi
Fund-raisin
Our Charity receives principal funding from membership subscriptions, donations and pedigree
recording services together with sponsorships. grants and voluntary donations.

JHE BR￿lSH PIG ASSOCIATION
(A compally limited by GuaraDtee)
TR
STEES. ANNUAL REPORT
CLUDtNG DIRECTORS, REPOR
Continued
FOR THE YEAR ENDED 3 1st DECEMBER 2020
The Council has authoris¢d io continue to promote and expand the pedigree pig industry both in th¢
Unitd Kingdom and overseas. Overseas schemes were mainly funded by grants and sponsorships.
Events organised in the United Kingdom for the year 2020 were either cancelled or postponed due
to corona virus pandemic Testriction during the year 2020. All events and shows are nornially
financed from our owa funds and from supwt of our sponsors.
estment lic
and ret
The executive committee has Considered the most appropriate policy for investing funds and has
found that specialised unit tnLSts, designed for the charity sector to control financia] and other risks,
meet their requirements to generate both income and capital growth. Our portfolio of investments
should deliver siability and income return of approximately 4.000/0.
eserve
and funds available
The Charity funds its various activities partly from membership subscriptions and fees, investment
income and other fund-raising activities including grants and sponsorships. The current levels of
Services we provide are nornially expected to resu]t in a deficit of income over expenditure in the
short tern, which is financed by reserves of the Charity.
The trustees have reviewed the level of reserves requir￿1 to effectively continue the breed society
functions in pedi8re¢ pig recordings and conservation and provide other related services to its
members.
The review Conclud￿ that to allow the charity to be managol efficiently and to provide
unintemipted service5, the current level of reserves should be maintain￿.
The present level of funding is adequate to support the continuation of the charity's functions for the
short to mediutn temi and the trustees consider the financial w)sition of the charity to be
satisfactory.
We aIso hold as part of our uDrestricted resetves, designated fimds of £313 for the Irish Mernbers,
Committee. and £1.207 for Large White Breeders. Committee, which is available to facilitate
continuation of White b￿ed conservation actÈvitie&
The cbarity has one designated and restricted Ilmd, which is repttSent￿ by investment in a savings
'Geoffrey Clok¢ Memorlal Fund, lo honour Mr. G. E. Cloke. was set up durtng 2004 from
donations to s¢rve th¢ interests of the Association and its members. This fund currently holds a
balan￿ of £3,168 (2019: £3,164).

THE BRrrIsH PIG ASSOCL4TION
(A company limited by Guarantee)
TR
STEES, ANNUAL REPORT
CLUDING DIRECTORS.
Continued
RT
FOR THE YEAR ENDED 31st DECEMBER 2020
Plan8 for future periods
The trust¢es ¢xp¢ct to continue its breed society fijnctions in pedigree pig Tecordings and
conservation. organise events. shows a￿1 exhibitions l)oth in the United Kingdom and worldwide to
promote anima] welfare and the recording and cons¢rvation of p&Jigree pigs.
The chief executive monitors progress to ensure that the charity delivers the services specified and
that key perfom]ance targets are m¢t to include individual supervision of the staff teanL
Structure, Governance and Management
rnin
ument
The charity is a charitable company limited by guarnntce. It is governed by its Memorandum and
Articles of Association.
Structure and mana
The charity is organtsed so that the tr￿ meet regularly to manage its affairs.
All director8 of the wmpany ar¢ also twstees of the Charity. and there are no other InLsiees. All of
the trustees named on page 2 served partly or thmughout the year. The Board has the power to
appoint additional truslees, as it considers fit to do so.
All tA￿tee$ serve for a three-year period and may be re-¢lected.
st e Tnduction and Trainin
Most trustees are already familiar with our charity's work through their activities as pedigree pi8
farrners.
Our charity regularly organises training workshops, inward mission lo the United Kingdom from
overseas pedigree pig farniers atMI outward missioLs to learn and exchange expertise with overseas
pedigre¢ pig farniers.
isk Mana
ement
The executive committee has conductd its own review of the major risks to which the charity is
exposed and systems have been established to mitigate those risks. Significant external risks to
funding have led to the development of regular appraisals of plan& which would allow for the
diversification of resour￿.
Internal risks are minimised by the implementation of pro¢￿ureS for authorisation of tronsactions
and projects. All projects and procedures are regularly review¢d for compliance with our obj￿tives.

IHE BRITISH PIG ASSOCIATION
(A company limited by Guarantee)
TRUSIEES, AFTNUAL REPORT
INCLUDING D￿EcToRs, REPOR
Continued
FOR THE YEAR ENDED 3
5t
ECEMBER 2020
The trustees have Tecently undertaken additional covid-19 pandemtc risk assessment and have
implemented me&sur¢s to overcome short-tern) problems that may arise due to the continued
PTesence of corona virus pand¢mic.
anis
tional Structure
There is one full time chief executive who manages the day-to-day administration of the charity, and
organises fundraising initiativ¢s. The remaining staff members are deployed to assist with
fimdraising and administration. The trustees volunteer their services to the company.
Our Ch￿1£Y has several committees that meet regularly to review the achievement of our aims. There
e separate commitle¢s that manage shows and events. pedigree pork schemes, regional igsues,
conservation, hettt inspections, and breed enhancement and protection projects. The Council of
trustees and the executive committee meet at least once a year to review progress and assess
achievement of our aims.
Trustee8' re$ponsibilRties
Company and Charity i&w requires the trustees to p￿pa￿ financial St￿eMentS for each financial
year, which give a true and fair view of the financial activilies of the cknty and of its financial
position at the end of that year. In preparin8 those financial statements, the tn￿te¢S have..
(a) s¢lected SUAtable accounting policies and then applied them CO￿]stentIy1
(b) made judgements and estimates that re&8onable and prudent.
(c) stated whether applÈcable accounting stsndards have been followed, subject to any material
departure disclosed and explained in the fmancial statements. and
(d) prepared the f￿anCIal statements on the going conc¢m basis.
Stat¢ment of t￿￿te¢s. tes
8ibilities
The tntstees (who are also the directors of the company) are responsible for preparing a trustees,
annual report, keeping proper accounting records ￿thieh disclose with reasonable accura¢y at any
time, the financial position of the charity and enable them to ensure that the financtal ststements
comply with the Companles Act 2006 and Statement of Recommended Practice applicable to
harities preparing their accounts in accordance with the Financial Re￿}rtIng Standard applicable in
the UK and Republic of Ire18nd (FRS 102).They are aIso resp)nsible for safeguarding the &8sets of
the Company and hence for tsking reasonable steps for the prevention and detection of fraud and
other irregularities.

THE BRITISH PIG ASSOCIATION
(A comp8ny limited by Guarantee)
TRUSTEES, ANNUAL REPORT
INCLUDING DIRECTORS. REPOR
Continued
FOR THE YEAR ENDED 31st D
CEMBE
2020
Audilors
We, the directors of the company who held office at the date of approval of these Financial
Ststements as set out Above each confllm, so far as we are aware. that:
there is no audit inforniation of wh.ich the company's auditors are unaware, and
we have laken all the steps that we ought to have taken &$ directors in order to make ourselves
. aware of any relevant audit infornlation and to eslablish that the company's auditors are awar¢
of that infornmtion.
Approval
The boaTd of directors and trustees approved this ryort on the 23rd September 2021 and signed on
its behalf.
On b¢half of the board
L. Imp¢y
Chair Person and Trustee
23rd September 2021

elo
THE BRrfisH PIG ASOCIATION
(A company limited by Guarantee)
PORT
THE INDEPEND
AUDfTORS
Independent Auditor's Report to the members of The British Pig Association
Opinion
We have audited the financial statements of The British Pig Association for the year ended 31st
December 2020, which comprise the Statement of Financia] Activities. the SUMM￿ Income and
Expenditt￿ Account, the Balall￿ Shed and not¢5 to the financial statements, including a summary
of significant accounting policies. The financial reporting framework that has been applied in their
prepardtion is applicable law and United Kingdom Accounting Standards, including Financial
Reporting SL￿dard 102: The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the fu￿qnCIal statements:
give a true and fair view of the state of the charitable company's affairs as at 31 st December
2020 and of its incoming resources and application of resources, including its income and
expenditure, for the year then ended;
have been properly prepared in ac￿rdanCe with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordane£ with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with ￿ternatIonal Standards on Auditing (UK) (ISAS (UK))
and applicable law. Our responsibÉliti¢s under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the chariiable company in accordance with the ethical requirements that are relevant to our audit of
the financial statements in the UK, including the FRC'S Ethical Siand8rd, and we have fvlfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sU￿1CleDt and appropriate to provide a basis for OUT opinion.
Conelusions relaling to going ¢on¢ern
We have nothing to report ITh r¢sF¢Ct of the following matters in relation to which the ISAS (UK)
require us to report to you where..
the tnths use of the goiDg concem basis of accounting in th¢ preparation of the financial
statements is not appropriate, or
the trustees have not disclosed in the f￿ancIal statements any identified materiaI un¢ertainties
that may cast significant doubt about the Cl]arity's ability to continue to adopt the going concern
'basis of accounting for a period of at le&st twelve months from the date when the f￿anciaL
. statements are authorised for issue.
Other inforniation
The trustees are responsible for the other inforn]ation. The other infOrn￿tiOTh comprises the
infornution included in the annual rewrt other than the financial statements and our auditor's report
thereon.

ell
THE BRETISH PIG ASOCIATtON
(A company limited by Guarante¢)
REPORT OF THE INDEPENDENT AUDITORS
ntinued
Our opinion on tbe financial statements does not cover th¢ other information and, except to the
extent otherwise explicitly stated in the reporu we do not express any fonn of &ssuraDce conclusion
thereon.
In connection with our audit of the financiaE statements, our responsibility is to read the other
infornialion and in doing so, whether the other inforn]ation is materia]ly inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be matsrially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to deterniine whether there is a material misstatement in the financial statements or a
material misststement of the other inforniation. If. based on the work we have perfornled, we
conclude that there 1$ a material misstatement of this other inforn￿tion, we are required to report
that facL
We have nothing to report in thxs regard.
Oplnions on other matters preseribed by the Companie8 Act 2006
In our opinion, based on th¢ work und¢rthken in the course of the audit:
the infom￿tIOn given in the tr￿stee$, report for the financiaj year for which the financial
statements are prepared is consistent with th¢ financial statements, and
the trustees, rep)rt has been prepared in accordance with applicable legal requirements.
Matters on which we Are required to report by exeeption
In the light of our knowledge and understanding of the charitable wmpany and its environment
obtained in the course of the audit, w¢ have not identifial material misstatements in tILe directors,
report.
We have nothlng to report in respect of the following matters in relation to which the Companies
Act 2006 requires us to rep)rt to you if, in our opinion:
adequate accounttng records have not been kept or returns adequate for our audit have not been
received from brn]ches not visited by us"
the financial statements are not in agreement with the accounting records and returns.
certain disclosures of directors, remuneration specified by law are not made; or
we have not obtained ail the inforniation and eXpla[￿tIonS necessary for the Purposes of our
audit.

e12
THE BRrrIsH PIG ASOCIATION
(A company limited by Guardntee)
REPORT OF IHE tNDEPENDENT AUDrroRS
Continu
Re8pon8lbllitie8 of truytees
As explained more fully in the trustees, resFK)nsibilities statement set out on page 8, the trustees
who are also directors of the clwitsble company for the purposes of company law. are responsible
for the preparation of the financial ststements and for being satisfied that they give a true and fair
view. and for such internal control as the trustees deternjine is necessary to enable the preparatioll of
financial stateTnents that are free from Jnateriai misstatement, whether du¢ to fraud or error.
In preparing the financial statements, the trustees are responsible for &85essing the charitable
company's ability to continue as a going Conce￿ disclosing, as applicable, matters related io going
¢onc¢rn and using the going concern b&sis of accounling unless the trustees either intend io liquidate
the charitsble company or to cease operntions, or have no realistic alternative but to do so.
Auditor's responsibilitie5 for the audit of the financial statements
Our objectives are to obtatn reasonable ￿Urance aboul whether the financial statements as a whole
are fr¢e from material misslatemenL whether due to fraud or error, and to issue an auditor's report
that includes our opinion. Re&sonable assurance is a high level of assurance, but Is not a guarantee
that ￿ audÈt conducted in accordance with ISAS (UK) will always detect a materlal misstatement
when it exists. Misstatements arise from fraud or em)r and are considered material if,
individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
A further description of our responsibilities fi)r the audit of the financia] slatements is located on the
Financial Reporting Council's website at www.frc.or
.uklauditorsresonsibilites. This description
fornis part of our Auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
might state to the Charilable company's members those matters we are required to state to thern in
an auditor's report and for no other purpose. To the fullesl exteni pemiitted by law, we do not
accept or assume responsibility to anyone other than the charitable company's members as a body,
for our audit work, for this reporL or for the opinions we have fonn￿.
shor Khanderia ACA (Senior Statutory Auditor)
(For and on behalf of Agutter Khanderia), Statutory Auditor
Chartered Accountants
271rriperiat Drtve
Harrow
HA2 7DG
UK
23rd September 2021

e13
THE BRITISH PEG ASSOCIATI
(A company limited by Guarantee)
STA TEMEwf OF FfN'ANCIAL ACTIVITIES
CLUDING IN,
OME AND EX
DITURE ACCOUNT
R THE YEAR
NDED 31st DECEMBER 2020
Unrestrictul Restricted T￿￿fUn¢t8 T tal f(mds
2020
2019
Note
Ineomlng r￿0￿ree8
Income and endowments from:
Donations and legacies
Charitable actiwties
Other income
Investments
(2)
{3)
(4)
(5)
38.888
204200
12J87
18,984
38,888
204200
12.387
18,988
41,954
364,316
3,(K)O
19,540
Total income and endowments
274,459
274,463
428,810
Resources expended
Expenditure on..
Raising funds
Charitable activities
Governance and support
(6)
(7)
(8)
30,482
137.013
128.927
30,482
137,013
128.927
31,927
285,521
138,085
Total expendilurt
296,422
296,422
455,533
Neti
Anve
com
ex
ains
iture
before
ment
(9)
{21,963)
(21,959)
(26,￿.3)
Other recognised gaIn￿(lOsSes).
Gain￿(lOSses) on revaluation
of cbarily's investments
(io)
12,870
12.870
34,665
Net movement in funds
(9,093)
(9.089)
7,942
Re¢on¢iliation of fund8:
Total funds at I st January 2020
595,095
4,684
599,779
591,837
Total funds at 31 st December 2020
586,002
4,688
590,690
599.779
All income and expenditure derive from continuing activities.
The notes on pages 16 to 28 forni part of these fllwicial statements.

e14
THE BRrrIsH PIG ASSOCIATION
(A company limited by Guarantee)
BALANCE SHEET
S AT 31 st DECEMBER 2020
Unrestricted Restrict&l
come funds
Total
funds
20
Prior year
Note
Flxed assets
Intangible assets
Tangible &8sets
Inv¢slments
(13)
(14)
(15)
8,563
2,053
469,353
8,563
2,053
469,353
4,228
2,736
456.483
Total fixed assets
479,969
479,969
463,447
Current assets
Debtors
Cash at bank and in hand
(16)
66357
114J51
66,357
117,385
93,086
101,137
3,034
Total curren¢ assets
180.708
3,034
183,742
194223
Creditors..
Amounts falling due within
one year
(17)
73,021
73,021
57,891
Net current assets
107,687
3,034
110,721
136,332
Total gssets
587,656
3,034
590,690
599,779
Chvdrity Fund8
Restricted income
Unrestricted funds
(18)
(19)
1,654
586.002
3.034
4,688
586.002
4,684
595,095
Total charity funds
587,656
3.034
590,690
599,779

·' I 

## THE BRITISH PIG ASSOCITON (i\. company limited by Gu tee) 

## Page 15 

## .BAANCE SHEET 

## AS AT 31st DECEMBER 2020 

The:trustees have prepared these accounts in accordance with the provisions of the Companies Act 4()06 and of the Charities Act 2011. These accounts· are prepared in accordance with the special pfofisions of Part 15 of the Companies Act relating to small companies .and constitute the a ual 'acc·oWits required by the Companies '[·: ] i ·•[�. ' ] . . , • .Act.2006, '. : ·� 

�it The:f?.nancial statem�nts w��e approved and authorised for issue by the Board on 23rd September· . . . Sigt+�d on behalf of the board of trustees: :,·;1;.:.�.-· **.** <.: .. '-�.·· p.:;]mpey(Director and tnh>tee)-Ll[. ] 

......... **.** .... **.** .................... . ......... Nfrs; :� ,: .C Co.. .e (Director �dtrustee) : . . ·. T.P:i�riotes on pages 16 to 28 fonn part of :t):iese financial stateme�ts . _,· . .;·I . �_ 

' cbx§i,any registration nwnber: 00022088 .[,,·.1-.,] :- . ·.·:.·>,f' .> . 

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e16
THE BRITtSH PIG ASSOCIATION
(A company limit¢d by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2020
l. Summary of significant accounting policies
The signifLcant accounting policies applied for the preparalion of th¢s¢ financial statements are
set out below. Th¢se policies have been consistently applied to all years presented unless
otberwise stated.
1.1 General inforniation and basis of preparation
The British Pig association is a company limited by guarantee in England & Wales. In the event
of the charity being wound up, the liability of the guaranfre is limited to £1 per member of the
charity. The registered address of the charity is given on page l of these financial statements.
The nature of the charity's operations and principal activtties are thal of the advancanent of
pedigree breeding, conservation and ￿dIgree pig re￿rdIngS.
The British Pig Association meets th¢ definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise statcd in the relevant accounting policy note(s).
The financial statements hav¢ been prepared in acconlance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts
in accordan¢¢ with the FinanciaI Reporting Standards applicable in the UK and Republic of
Ireland issued in October 2019, the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011. the Companies Act 2006
and UK Generally Accepted Accounting PractiL%.
The financial statements are prepared on a going concern basis under the historical cost
convention with items ￿cOgnIsed at cost or trdnsaction value unless otherwise stated in the
relevant notes to these accounts. The fll]ancial statements are presented in sterlin8 which is the
functional currency of the charity.
1.2 Funds
Unrestricted funds are available for at the discretion of the trustees in furtherance of the
general obje¢tiv¢s of the charity and which have been designated for other purEX)ses.
Restricted funds are fimds which are to be used in accordance with specific restrictions imposed
by donors or which have Ixcn raised by the clwity for particular purposes. The cost of raising
and administering such fimds are cbaTged agai[￿ the specific funds. The aim and use of each
restricted fund is set out in the notes to the financial statements.

THE BRrrisH PIG ASSOCIATtON
(A company limited by Guarantee)
TES TO THE F￿ANCIAL STATEMEwrs
Continued
FOR THE YEAR ENDED 3 1st DECEMBER 2020
'.13 Income recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when the
charity is legally entitled to the illcomc after the perf0m￿Are conditions have been m¢L the
amount can measured reliably and it is probabl¢ that the income ￿711 be received.
For donations to be recogni8￿ the chaTity will have been notified of the arno￿ts and the
settlement date in WTiting,
Donated facilities are recognised in income at their fair value when their ¢conomic benefit is
probable. it can be M￿ured and the charity has control over them. Fair value is detcrn]ined on
the basis of the value of the gift to the charity. No amount is included in the financial statements
for volunteer time in line with the SORP. FRSI 02 and Companies Act 2006.
Fixed asset gifts in kind are recognised when receivable and are included at their fair value.
They are not deferred over the life of the asseL
For legacies, entitlement is the earlier of the charity being notified of an imt*nding distribution
or the legacy being received. At this point income is recognised.
Incom¢ from membership activities and services and fundraising events to raise fimds for the
charity, ts r¢wgni5ed when goods or services are provided.
The charity receives government grants for organising trade shows for promotion of pedigree
Pl8 famiing and livestock genetics work. Income from governrnent and other grants ar¢
r￿Qgnised at their fair value when the charity has entitlement afier any perf0m￿xce conditions
have been m¢t, it is probable that the income will be receAved and the incom¢ Can be measured
reliably. If entitlement is not met then these an]ounts are deferred.
Inve8tment income is earned through holding a&8ets for investment purposes such ￿ shares. It
includes dividends and interest. Investment mana8ement costs incurred recognised as
governance costs. Dividend and interest income is recognised &s the charity's right to receive
payment is established.
Other income As recognised as the cR￿lty.$ right to receive payment is established.
1.4 Expenditure recognition
All expenditure is acwunt¢d for on an accrnals b&8is and has been classified under headings
that aggregate all costs related to the category. Expenditure is recognised wh¢r¢ there is a legal
or constructive obligation to make payments to third parties, it is probable tIHt the settlement
will be required and the amount of the obligation can be measured teliably. It is categorised
under the foltowing headings:

e18
THE BRrrIsH PIG ASSOCIATION
(A company limited by GuaTantee)
NOTES TO THE FINANCIAL STATEMENTS
Continued
FOR THE YEAR ENDED 31 st DECEMBER 2020 .
1.4 Expenditure recognition - Continued
- Costs of raising funds
- Expenditu￿ on charitable activities
- Other exp¢nditwe including itrecoverable VAT, governance and support costs
1.5 Support eosts allocation
Support costs are those that &ssist the work of the charity but do noi directly r¢pr¢s¢nt charitable
activities and include office costs, governances costs, administrative payroll costs. They are
incurred directly in support of expenditure on the objects of the charity. Support payroll costs
. are allocated between administr&tive, raising funds and charitable activities on a b&sis consistent
with use of the resources.
The ana]ysis of these Costs is included in note 8.
1.6 Intangible assets
Intangible assets are amortised on a straight-line basis over their use￿1 lives at the followAng
rdtes:
' Computer software and website- 150/0 per annum straight line
Computer software and website cost since 01101/2020_ 33.33 % per annum straight line
Provision is made for any impainnent.
1.7 TAngible fixed assets
Tangible f￿ed assets are stated at cost or valuation. Cost includes costs directly attributable to
making the asset capable of operatin8 as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset over its expected ￿eful life &s follows:
Furniture, fittings and equipment - 250/0 reducing balance method
1.8 Heritage conservation costs
Heritage assets comprise frozen semen bank of rare pedigree pigs that is donated by pedigree
pig farn]ers and purch&8ed by the charitable company. The company receives Government grant
to fund part of th¢ Cost for conseryation.
Expenditwe for co￿$ervation An the cuThent year is Charg￿ &s expenditure on tharitsbl¢
activities.
The company also supwrts its [*d]g￿e farners by providing support grants for conservation.

e19
THE BRrnSH PIG ASSOCIATION
. (A company limited by Guarantee)
NOJES TO THE FINANCIAL STATEMENrs
Continued
FOR TTrIE YEAR ENDED 3 1st D
CEMBE
2020
1.9 Investments
Investments are recognised initially at fair value wbi¢h is nornially the transaction price
excluding transaction costs. Subscquently, they arc me&8ured at fair value with changes
recognised in 'net gainsl(loss¢s) orj investments, in SOFA if shares are publicly traded OT their
fair value can otherwise be measured reliably.
1.10 Impairnient
Assets not measured at fair value are review¢d for any indication that the asset may be impaired
at ¢ach balanc¢ sheet date. If such indication exisls. the recoverable amount of the asset, or the
asset's cash generating unit, is estimated and compared to the carrying amount. Wher¢ the
' wrying amount exceeds its recoverable amounL an impairnieni loss is re¢ognised in profit and
loss unless the &sset is carried at a re-valu￿ amount wher¢ the impainnent loss is a revalu￿10n
decrease.
1.11 Provlslons
Provisions are recognised when the charity has an obligation at the balance sheet date as a result
of a past event, it is probable that an ouiflow of economic benefil will be required in s¢ttlem¢nt
and the amount can be reliably estimated.
1.12 Leases
Assets acquired under finance leases are capitalised and dep￿lated over the shorter of the lease
terni and the expected ￿fll1 life of the assel. Lease payments are apportioned between the
f￿anCe charges and the reduction of the ouistanding le￿ liability using the effective interest
meth(xl. The related obligations, net of future finance charges. are included in crnlitOTS.
Rentals payable under operating leases are chargd to the SOFA on a straight-line basis over the
period of the lease.
1.13 Foreign currency
Foreign currency transactions are initially recognised by applying to the foreign currency
amount at the sry)t exchange rate Ectween the functional currency and the foreign currency at
the date of the transaction.
Monetary assets and liabilities denominated in a foreign curreDCy at the balance sheet are
transEated using the closing rdte.
1.14 Employee benefits
When employees have rendered service to the charity, short-term employee ben¢fits to which
the employees are entided are recognised at the undtscounted amount to be paid in exchange for
' that service.

¢20
BRrrIsH PIG ASSOCIATION
(A compally limited by Guarantee)
NOTES TO THE FNAN
STATEMENrs
FOR
AR ENDED
MBER 2020
1.14 Employee benefits- Continued
The ch￿lty operates workplace mon¢y purchased p¢nsion contribution plan for all ellgible
employees. Contributions payable by th¢ Ch￿1ty are expensed as they become payable.
1.15 Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and
is considered to pass the tests set oul in Paragraph I Sch¢dul¢ 6 Finance Act 2010 and therefore
meets the definition of a charilable company for UK corpordtion tax purposes.
1.16 GovernmeDt and other grants
Government and other grants are recognised using the accrual model and the perforniance
model.
Under the accrual model* grants relating to revenue are recognIs￿ on a systematic basis over
the period in which th¢ company recognis¢s the related Costs for which the grant is intendd to
compensate. Grants that are rec¢ivable &s compensation for expenses or losses already incurred
or for the purpose of giving immediate fjnancial support to the entity with no future r¢lat¢d
costs are re¢ognised in income in the period in which it becomes receivable.
Under the perfonnance model, wher¢ the grant does not impose specified future perfonnance-
r¢lated conditions on the recipient, it is recognised in incorne the grant proce￿5 are
received or receivable. When the grant does impose specified future perforn]ance-related
conditions on the recipient. it is recognised in income only when the performance-related
conditions have been met. Where grants received are prior to 8&tisfying the revenue recognition
ciiteri4 they are recognised as a liability.
1.17 GoRng Concern
The financial statements have been prepared on a going concern basis as the trustees believe
that no material uncertainties have Fttn identified that may cast significant doubt about the
ability of the charitable company to continue &s a going concern. The trustees have considered
the level of funds held and the expected level of income and expenditure for 12 months from
authorising these fuwicial ststements. The budget&J income and exFnditure is sufficient with
the level of reserves of the charity to be able to continue &8 a going concern.
1.18 Judgements and key sources of estimation uncertainty
No changcs to accounting estimat&s have oCcU￿ed in the reporting period.

THE BRITISH PIG ASSOCIATION
(A company lin]ited by Guarantee)
NOTES TO THE FINANCIAL ST
TEMENT
Continued
FOR THE
1st DECEMBER 2020
2. Income from dongtions and legaeies
U￿￿trACted Restricted
Total
Prior year
2020
2019
Donations:
Donations and gifts
Gift aid
532
38J56
532
38,356
454
41,500
Total
38,888
38,888
41,954
3. Ineome from charit#ble activities
Membership sub8criptions
Fees from breed society
Grants for trnde shows and missions
Grants for rar¢ breeds conservation
Other income for trade shows and
supporting activities
35,095
21,567
82,100
15.600
35,095
21.567
82,100
15,61)0
34,421
22,201
138,769
49,838
49,838
168,925
Totsl
2042(K)
204200
364,316
er infornjatio
There were no unfulfilled conditions and other contingencies attaching to sponsorships and grants
for activities.
UDrestricted Restricted
Fund
income fund
Totsl
funds
2020
Prior year
funds
2019
4. Income from other activities
H M Revenue & Customs:
Employment allowance
Job retention scheme
3,000
8,387
8,387
Total
12J87
12.387
3,000
5. Inconxe from investments
Interest income
Dividend income
67
18917
71
18,917
596
18,944
Total
18,984
18,988
19,540

e22
THE BRtTISH PIG ASS
CIATION
(A company limited by Guarantse)
TES TO THE F￿ANCIAL STATEMEKrs
Continued
FOR THE YEAR ENDED 31st DECEMBER 2020
Unrestricted
Funds
Restricted
income funds
Total
funds
2020
Prior year
funds
2019
6. Anaty8is of expenditure on
raising funds
Staff support costs apportioned:
Seeking donations
Advertising and marketing
Publication of Practical Pig N¢ws
Subscriptions and donations
Investment management costs
5,600
1,193
18,7(X)
3,705
1.284
5,600
1.193
18,700
3,705
1284
4,800
3,511
18.700
3,659
1,257
Total
30,482
30,482
31,927
7. Anaty$l$ of eIpenditure on eharitable aetivities
Stsff support costs apportioned:
-operating membership schemes
- Management of UK shows and events
- Management of ov¢rs¢as exhibitions
Total staff costs
UK shows and events costs
Overseas exhibitions and events costs
Herd EH)ok preparations
Conservation of traditional bre¢ds
Conservation grants
Projects consultancy
BLUP benchmarking royalties
34,500
1,500
34,500
1,500
27,500
9,500
59.500
536
47,503
59,500
536
47,503
63,500
13,695
189,046
260
18,320
20,660
1260
7,029
525
20,660
1260
7,029
525
700
Total
137,013
137,013
285,521
8. Analysis of Governance and support costs
Establishlnent
18.651
Stsff costs apportioned: _ Administrative 34,848
Other operating costs
70,540
Amortisation of intangible fixed assets
4,205
Depreciation of tangible fixed assets
683
18,651
34.848
70,540
4,205
683
17.687
24,418
91.132
3,936
912
Total
128.927
128,927
138,085

THE BRITISH PIG ASSOCIATION
(A company limited by Guarantee)
NOTES TO THE FNANCIAL STATEMENrs
Continu&J
FOR THE YEAR ENDED 31st DE
EMBER 2020
02
2019
9. Net income before investment gxinsl(10s8¢8)
And after charging:
Auditors, ￿MUneration.
- Audit fees
- Other services
Operating lease ￿ntalS
Amort15ation of owned intangible fixed assets
Depreciation of owned tangible fixed assets
4.550
4.437
27.558
4.205
683
4,550
4,660
23.675
3,936
912
10. Gatns and losses on revaluation of
Charity's investments:
Unrealised gains on revaluation
12,870
34,665
I l. Trustees, remunerntion and expenses
The trustees neither rec¢ived nor waived any remuneration duTing the year (2019.. £Nil)
There were 7 Irustees that had expenses reimbursed. Totsl expenses reimbursed for attending
meetings during th¢ year was £2.473 (2019.. £10,769).
2020
12. Staff eosts and employee benefits
Salaries and wages
Social security costs
Statutory pension costs
89.584
8,411
1,953
82,213
8,769
1,736
Total
99,948
92,718
Staff costs app)rtionm¢nt based on activities during the year:
- Seeking donations
- Operating membership schemes
Management of UK shows and events
Manag¢mcnt of overseas exhibitions and events
- Governance costs
5,600
34,500
1,500
23.5(10
34,848
4.800
27,500
9,500
26,500
24,418
99,948
92,718

e24
THE BRrrIsH PIG ASSOCIATION
(A company limitsd by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
Continu
FOR THE YEAR ENDED 31st DECEMBER 2020
12. Staff costs and employtt benefils - Continutd
There were no employe¢s who received total employ¢e benefits of more than £60,000. The average
number of persons employed by the charity during the year was 4 (2019: 3).
13. Intangible fixed as$¢ts',
Computer
software
Total
At 01.01.2020
Disposals
Additions
At 31,12.2020
82,557
(17,570)
82,557
(17.570)
Amortisation
At 01.01.2020
Disposals
Charge for the year
At 31.12.2020
78.329
(17,570)
78,329
(17,570)
964
Net Book Value
At 31.12.2020
8,563
8,563
At31,12.2019
4228
4,228
14. Tangible fixed assets
EquipmenL
Fixture
Total
AtOI.01.2020
At31.12.2020
7.008
iation
At 01.01.2020
Charge for the year
At 31.12.2020
4.272
683
4.272
683
Net Book Value
At 31.12.2020
2.053
2.,053
At 31.12.2019
2,736
2,736

THE BRrrtSH PIG ASSOCIATtON
(A company limited by Guarantee)
NOTES TO THE FTNANCIAL STATEMEKrs
Continued
FOR THE YEAR ENDED 3 1st DECEMBER 2020
2020
019
15. Flxed 2s8et investment
Llsted Investments: UX.
Carrying fair value at beginning of year
d: Net gain on revaluation
Carying fair value at end of y¢ar
456.483
421,818
469,353
456,483
The fair value of list￿ investments is dete￿ll]ned by reference to the quoted price for the shares on
the London Stock Exchange. Historic cost of listed investsnents on 31st December 2020 was
£397,856 (2019: £397,856).
020
2019
16. Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and other debtors
Yax recoverable
37,583
21,103
7,671
75,725
9,061
8.300
66,357
93,086
17. Creditors
Amounts falling due WAthin one year:
Trade creditors
Accruals
Taxation and social ￿UrIty
50.001
12,369
10,651
40,099
11.118
6.674
73.021
57,891
18. Charity funds
Restricted income funds availvdble for specific projeets:
Geoffrey Cloke Memorial Fund
LArge White Breeders, Memorial Fund
Irish Members, Con]mittee Fund
3,168
1207
313
3,164
1207
313
At end of the year
4,688
4,684
The committee that has control of the fund governs the aim atKI ￿￿e of eath restrict￿ fund.

e26
THE BRITISH PIG ASSOCIATtON
(A company limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
Continued
FOR THE YEAR ENDED 31 st DECEMBER 2020
2020
019
19. Charity fundy
Unrestricted income funds:
At beginning of the year
Net incomel(defJcit) for the year
595,095
(9,093)
587,160
7,935
At end of the year
586,002
595.095
Total of restricted and unrestricted funds at year end
590,690
599,779
ADAlysis of net assets betweeD funds
stricted funds..
Fixed assets
Cash
Other Cu￿ent assets less Current liabilities
Desi
ated
Cash
Other current assets I￿S current liabilities
479,969
114,351
(8.318)
463,447
98,107
33,541
3,034
1.654
3.030
1,654
Total of Vdll funds at year end
590,690
599,779
20. Future financial eommitm¢nt8
ratin
leases:
At 31 sl December 2020 the company had annual commitments under operating leases &8
set out below:
2020
2019
Land &
IAnd &
buildin
lea
he
Other
(a) within one year
(b) in the second to fifth years
(c) over 5 years
3,724
6,426
4.141
5,006
11,539
11,539
Total future financial commitments under operating le&8es, which are not included in the balance
she¢t, atnount to £62.138 (2019.. £61,479).

e27
THE BRITISH PIG ASSOCIATION
(A company limited by Guarantee)
NOTES
O THE FINANC
STAT
Continu
R THE YEAR ENDED 31 st DECEMBER 2020
21. Related party Iransactions with trnSt￿8 and members
T￿￿ees. remuneration and meetin
ex
The tn￿te¢S are entitled to claim expenses incurred wholly and exclusively in attending
meetings organised by the charity. No remuneralion was paid to trnstees in the year.
020
2019
Travel, subsistence and accommodation
2,473
10,769
Related
transactions with tn￿le¢S
The charitable company enfrred into transactions with three trustees in the nonnal course
of business activities during 2019 (previous year). There were no transactions durin8 2020..
Grants received from the Department of Trade and Industy on behalf of the trustees
amounted lo nil (2019: £19,500). These were repaid to them as part of trade shows finance.
The entity received from these trustees nil (2019: £13,740) for services and costs invoiced
to them in respect of these trade shows.
Services are provided to all trustc¢s. members and non-members on same commercial
tern]s resulting in no financial or prÈvileged tern]s.
Related
transactioLs- Other
Th¢ chief executive, who is not a trustee, acts as a director of a connected company, Export
Certification Limited to represent the interests of the charity's members. The chief
executive has no financial interest in this Company and does not personally receive any
remuneration or benefits from this source.
For the year ended 31 December 2020. the charity received income of £29,610 (2019:
£32,500) for services to the related company. Amount due from Export Certification
Limited at 31 December 2020 included in note 16 under trade debtors, was nil (2019:
£23,392).
22. Non-adju$ting ￿ents after the eDd of tbe period
Coiiid-19 corona virus pandemic that has spread throughout the world during the year 2020
and since the charitable company's year-end has resulted in material uncertainties
concerning the entity's planned events, exhibitions and trade shows scheduled for the year
2021. A small number of the trade shows scheduled for the year 2020 have been replaced
by Virtu￿ presentations or deferral to the year 2021 2022.

e28
THE BRrtlSH PIG ASSOCIATION
(A company limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
Continued
FOR THE YEAR ENDED 31 sl DECEMBER 2020
22. Non-adju8ting events after the end of the period - Continued
The trustees hav¢ widertaken covid-19 corona virus risk assessment and have implemented
measures to overcome short-t¢rni prObl¢n￿ that may arise du¢ to the continued presence of
this pandemic.
Review of our fixed asset investments since the end of the
Our investmenl manager has valued our fixed asset investments more recently on 30 June
2021 at £488,333.