2020-12-31-accounts - British Poultry Science Ltd

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	Page
Directors' Report	1-4
Independent Examiner's Report
Statement ofFinancial Activities
and Income and Expenditure Account
Balance Sheet
Notes to the Financial Statements	8-12

Directors
The following	directors have held office since	1 January 2020:
GKBaggott
MMBain
MRBedford
JSBentley
WBessei
EBurton
A Buttenvorth
ICDunn
D Guemene
G MPesti
VPfrgozliev
IKempen
ABM Raj JRoberts
BRodenburg
VSandilands
N H CSparks JTaylor-Pickard
N Yang
Company Secretary:		GA Mieras
Joint Editors:		BSvihus
		JBKjaer
Scientific Copy Editor:		LWaldron

				Unrestricted
				and
		Unrestricted	Totalfunds	Totalfunds
		funds
		2020	2020	2019
	Notes	6	6	6
Income from:
Charitable activities
Royalties and commission Conference expense contribution Investment income		69,106 5,010	69,106 5,010	69,321 5,010
Dividends received Bank interest received		8,058 89	8,058 89	9,982 166
Total income		82,263	82,263	84,479
Expenditure on:
Charitable activities
Grants and donations Other charitable expenditure	4	15,191 52,920	15,191 52,920	5,362 53,490
Total expenditure	12	68,111	68,111	58,852
Net income before gains and losses
on investments		14,152	14,152	25,627
Net (losses)/gains on investments		(34,651)	(34,651)	28,462
Net income and net movement
in funds		(20,499)	(20,499)	54,089
Reconciliation offunds:
Total funds brought forward		415,205	415,205	361,116
Total funds carried forward		394,706	394,706	415,205

Royalties and commission	Royalties and commission	Royalties and commission
Gross subscription income for the year, being receipts from the sale ofjournals, accounted for by Taylor and Francis Limited amounted to 6153,570(2019 - 8154,047). British Poultry Science Limited receives royalties amounting to45%(2019-45%)ofthis total.
Investment income	2020	2019
	8
Income from fixed asset investments Bank interest	8,058 89	9,982 166
	8,147	10,148
Grants and donations
During the year no travel grants were made due to the impact ofCovid-1 9(2019-64,202 to 6 individuals). Small project grants totalling 814,191were paid during the year to Scotland's Rural College, Nottingham Trent University and University ofGlasgow (2019- Scil). Charitable donations totalling 61,000were also made in the year to the Gordon Memorial Trust (2019 - 81,160to the Gordon Memorial Trust).
Net income	2020	2019
	6	8
Net income is stated after charging:
Depreciation		496
Honoraria for 1 director (2019- 1 director)	630	605
(8630to G K Baggott, 2019-8605 to G K Baggott).
Loss on disposal oftangible assets No directors received reimbursement oftravel and subsistence (2019-6 directors) Joint editors honoraria, travel and computer software expenses	(6) 16,817	1,354 16,515
Company Secretary/Administrator fees and expenses (post, stationery and and travel)	20,808	20,408
Independent examiner's fee	1,270	1,240
The company had no employees during the year.

	The company is a registered charity and, as such,	is exempt from taxation on any surplus.
7	Tangible fixed assets	Fixtures,	Fixtures,
		fittings and	fittings and
		equipment	equipment
		2020	2019
		5	8
	Cost orvaluation
	At 1 January 2020	6,381	6,381
	Disposals	(4,219)
	At 31 December 2020	2,162	6,381
	Depreciation
	At 1 January 2020	6,370	5,874
	On disposals	(4,213)
	Charge for the year		496
	At 31 December 2020	2,157	6,370
	Net book value
	At 31 December 2020
	At 31 December 2019		507
8	Fixed asset investments
	Listed investments	2020	2019
			8
	iwarket value
	At 1 January 2020	199,725	171,263
	Net gain/(loss) on revaluation	(34,651)	28,462
	At 31 December 2020	165,074	199,725
	Investments at fair value
	At 31 December 2020	165,074	199,725

	considered i	n the	fi	nancia	l revie	w and i	nvestm	ent policy sections o	fthe trustees' annual report.
9	Debtors								2020	2019
									8	8
	Trade debtors								45,106	39,321
	Other taxes	and social security				costs				31
	Prepayments								246	239
									45,352	39,591
10	Creditors: amounts			falling due within			one	year	2020	2019
									8	8
	Taxation and	social		security					267
	Accruals								1,152	1,152
									1,419	1,152
11	Reconciliation ofmovements					in members'		funds	2020	2019
									8	8
	Net movement in funds								(20,499)	54,089
	Net addition	to/(depletion			in) members'		funds		(20,499)	54,089
	Opening members'		funds						415,205	361,116
	Closing members'		funds						394,706	415,205

12	Detailed income and expenditure	Detailed income and expenditure	Detailed income and expenditure	Detailed income and expenditure	Detailed income and expenditure
							6	2020 6	f	2019 6
	Income
	Royalties and commission							69,106		69,321
	Conference and other expense				contributions			5,010		5,010
	Investment income Bank interest							8,058 89		9,982 166
	Total income							82,263		84,479
	Expenditure
	Grants and donations							15,191		5,362
	Other charitable expenditure:
	Editorial expenses						15,700		15,050
	Directors' honoraria						630		605
	Editors' honoraria						16,817		16,169
	Other honoraria						7,890		7,285
	Journal supplement	and on line access fee					4,536		3,860
	Website costs						321		366
	Bank charges						167		255
	Post, stationery and	sundry expenses					195		212
	Business committee	meeting		and subsistence		costs	25		454
	Secretarial and administration				fee		5,083		4,865
	Depreciation								496
	Loss/(gain) on fixed	assets
	AGM meeting and subsistence				costs				2,580
	Independent examination		fee				1,270		1,240
	Other costs						280		53
								52,920		53,490
	Total expenditure							68,111		58,852
	Surplus							14,152		25,627
13	Control