COMnY RegistrAtion Nth 739676 (England aDd Wales) Cb4rlty R¢Kls¢ra¢lon No. 260942 (England Wales) BRITISH POULTRY SCIENCE LIMITED DIRECTORS, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Ili'.i)(11'1's1111 Black I. l.-.D
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS P•g• Directors. R8port Indop8nd•nl Examingrfs Report sta18mt of FSnan¢l•l Actlvlties And Ini>Jmo and Expendlture Attounl Balaft Sheet Nol•8 to tho Flnandal Slal•m•nts 8-13
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The directors PSent their annual report ond financial statomonis for the ye8r end8d 31 Decemb•r 2023. Thg financial stateménts have been pr&pBred in accordanc8 wlth Ihe accounting pollcies sot out In Th)t• 1 to Ihe a¢eounts and comply wlth the Memorandum and Artides of Associatlon. the Compani8s Act 2006. The Charities Act 2011 and Accounllng and R•porting by ChanS.. Stalemenl of Re¢ommended Practice applic0e lo charill88 pr¢parlThJ their accounts in accordanco with the Financi81 Reporting Standard 8ppllcable In ihe UK and Républ of Ireland IFRS 1021 leffectlve 1 January 20191- Charltles SORP IFRS1021, and The Financial Rewhng Standard applicable In the UK and Republ1¢ of Ifaland IFRS 1021. OblKllv•• And Actlvttl•• for th• Publlc B•n•fit The principal oblecllve and mctlvlty of th• company eonllnu•s lo be the Promofjon of poultry sclènce by dlsseminallng research flndings throjgh the publlcallon of a journal and tho award of educational gr8nl$ to Indlvidual8. The Irustoos ¢onffimi they hyve referred to the guldance ¢ontalned in the CharSty Commlsslon's genèral guidance on publ1¢ b•n&fft whèn reviawng the alms and oblectlves and In plannlng future athllles and satting the granl maklng poIY for the year. A¢hl•v•m•nts and P•rf¢rn)an¢• Tho company has eonlinued to promote poulty 8dence by publlshlng res•arch flndlngs in Its uma1 and by awarding travgl grants to indlvSdu¥l8 and Small prolecl grants to oth8r educational establshments, Detailg of SLtb8¢dpfjons for the y•8r ar¢ shown in rle 3 10 tho 3¢Unt3. Det8ils ol awards made are shown In not8 5 to the accounts. Fln•n¢l•l R•vl•w Th8 Stalemenl of Fln8n¢lal Actlvllles for tho Or •nd8d 31 t>e¢embeT 2023 Shows net Income lOre 9oln$ or k>sses c Inv88tments of £13,11312022 net income before gglns or IoBBes on Inve81monts £25,7091. The Slaltrmenl ol Flnanclal Activltleg show8 8 nel mov8m8nt in fund8 01 £8,96012022 net movement in funds 01 £15.2841. Fixed 888et inv•stmonts are shown In th8 balance $ho81 at falr value a8 detall8d In noto 9. The director8 ¢on4d8r flnan¢lèl poslllon of the company lo b8 S8tl8la¢tory. R•••rv•• Poll¢y Tho d1ctorS considor the held should be malntalned al around 3 to 5 Ume8 Iho amount ol annual Incom8. The amount ol r¢8erves held 18 £463,07812022 . £454,118) a8 d8tallod In thg Ilnonclal slalem•nl8. Rg8orva8 are m8intaln 10 Secure the luWro flnanul vlabiif¢y of Iha charfty. Inv••lment Poll¢y The dlrectorn have consldered Ihalr pollcy for Invesn0 lunds and have conduded that the currant Investm8nl8, d8slgned for iha chaTIty seclN, continu8 to meet requirements, providing $atlsfactory levelB of incom8 and long term capital Rlsk R•vl•w Tha dlrectors hovo revlewtd U)e major risks io whlch the company is eKpo$ad and th& syslems In FAaeo to mrtlgate these risks. Given th& nature and aims ol thé compony, it has concluded that Ihero arg no slgnificanl exlemal funding rlsks al pre8onl. Authortsation and rèview proc8duros are in pL2ce lo minimisfr Inlgrnol rfsks and Ihe Un¢11 h88 onduded th8t th&$& COnnUe to operate satr¥f8dorily.
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS. REPORT {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Structur•, Gov•manc• and M•n•g•ment Gov•rnlng Documènt Bribsh Poulty Science Limiltd 5$ a private company limit•d by guarantèts. not havirvJ a Sha capit818nd is govemod by memorandum and articles of asso¢i8tion and company18w. It 1$ registered 88 a charity with the Chafity Commission, registrntl nlber 260942. Org•nlsatlonal Stru¢lur• British Poultry scnCe Limited 18 contr1¥ by the 8oard of 011gctors as elected by th• m•mbers ol the Company. The DIrt01$ are 8180 ch8rity trustees for thg purposes ol ch8nty law. Thg Joint Editors and Scianlffic Copy Edltor 8re not •li9iblè to serve as Dir¢ctors and matter8 Such as their honorari8 aro dgdded by the Board of Dlr8ctors. Dire¢tor8 remunaration Is detailod In note 6. Admini3tr8tSon of the charitable 8$p8cts of Iha company is ¢ontrdled by the Council ol Managament, which con$i$ts ol th& OirectOTS, Socretary plus the Joint Edllofs. Pollcy Is 801 by Ihesg tsvo bodSe8. ImplernontBtr'on of pollcy Is Ih&n ¢Jolegaled to the bu8Snes$ commlttee, whSch conslsls of 80me DITeclor8, tho Sfjcrntary and tho Jolnt Edbtor8. Appolnlm•nt of Dlr•¢tor• Dlr8ctOTS are normally apw'nted al the AGM 9h yoar. R•f•r•nc• •nd •dmlnlstratlv• d•t•lls Company R•gistralion Numbor.. 739678 (England and Wale81 Charlty Reglstratlon Numbèr.. 260942 (England ¥nd Wakn81 Rogistered Offi¢•.' Brftlsh Pouw Sc19n Llmlle(I Inlemation81 Hou$¢ 61 Mo$ley Slrgot Monchester M2 3HZ BuslnessAddrnss.' Roslin In81ilule Univorsity of Edlnbur9h East&r Bush, Midlothian EH25 9RG IndOndent Examln8r.' Matthew SITUthers BA CA Henderson Black & Co 22 Crossgate Cupar KY15 5HW Bankers.. Bank of Scolland Teviot House 41 Soulh Gylè Crescenl Edinburgh HSBC UK City Offica PO Box 85 Cambridge
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Olr•¢to Tho followlng dlre¢tors hav• hold office sinc• 1 January 2023.. G K 8ag90tt MMB8in R Bedford J S Bentlèy WBèss•l E Burton A Buttenvorth ICDunn D Gu6m&ne P KonleGzka N Mory&n G M P&sb' VPirgozliev ABMRaJ J Rotsgrts 8 Rodenbu V S&ndil8nd$ NA M Sleeckx N H C Sparks B Svlhus J Taylor.Flck8rd N Yang R Zhao IResvJned 19 Sept&mr 20231 IOInt•d 25 August 20231 IOInted 25 Augu8120231 IAppolnt•d 26 August 2023 (Rasigned 19 August 20231 (Appolnled 25 August 20231 C•mpany S•Gret*ry: G A Mlgr48 Jolnt edltor•: J B Kla•r Ito July 20231 SPRose O Malika S¢l•ntlflt Copy Edltor: L W8ldron
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 St•t•m•nt ol Trust••s Re¥pon$lbllltl•s The tru61ees Iwho are dirèctors of Brrtish Poulty Sdenco Llmited fof th& purposes of c(xnpany lawl arè rnsponsibltr for preparing the trustees. annu81 repNt and the financial ststemanis in accordanee wth appll¢able law and re9ul8tSon8. Company law rU1reS the tru51ees to prepare flngndal slalemgnts for each financial year. Under that law the trustees hav• elected lo prepafe the finanelal staternenls In accordancè vAlh Uniled Klngdom Generally Accepted A¢¢¢KJnllng Praclico (United lQngdom Accounllno Slandards arKI applirable lawl. Un¢Jgr company law the trustees must not approv8 the financial stateThnts unl$$$ Ihey are tr"$fi¥d that they givè a true and 18lr view ol the stalo ol affairs of the Charitable company and of ihe incom¥ and expenditurè of the charil8blè company lor th81 perlod. In prgparfng these finandal Statements, th trustee8 are required to: Select $uit8bl8 8ccountlng policies and thon oppty Ihem conglstgntly.. observe th8 mthod8 and prtncipl8s in Ihg Charities SORP; make ludg8m•nts and 8ccounling estimat&$ Ihal are rea51 and prudent.. gtate whethèr applicable UK Accountsng Stsndards have be¥n followed, to gny mal•rfal d8Parture8 dlsclosèd and &xplained In tha financial slatomgnts.. prepare th• flnancial statements on the wlnp ncern ba81s unl•$$ rt 18 Inappropriate to presum• thot th charitsble Company wlll contlnua In buBln&ss. Tho InJ8l•e8 ara re8pon8lbl• for keeFdng adwuata accounllng r•¢ord8 that are suffl¢lanl lo show and explain th charitable company's Ir8n38cllons and dis¢lose wlth reasonable aecuracy at any lime tho flnandal po811ion of the charltable ¢ompany and en8blè Iham to ensu Ih8t the financial $lat8m8nts comply wlth tha Companles Acl 2006. They are also responsible for 8af8guarding the 8S$&t$ of the charity and hance for laklng re8sonae steps th preventlon and d•locdon of frauJ and olher iTregul8witi•$. 8m•ll ¢omyny •x•mptlon Thi$ roport hos bèèn prep8r8d In a¢Idanc* vAth the 8pedal provl8lon$ r•laUng to Sm81 compan3 thIn Part 15 of the Companlgs Act 2006. y ordèr ol t1 on 20 May 2024 lor- Pick d I Dlr•ctor olrmanl GA ioraf S•cr•tary
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH POULTRY SCIENCE LIMITED I reFKJrt the oe¢wnts of thg ¢hartty fortho yoar •nded 31 D¢£èmb•r 2023 whl¢h arg sel out on pages 6 to 13. R••p•¢llwi r•spon¥lbllltl•• of tho tru•t••s and •x•mln•r The ¢hariV5 truslees (who are 8150 dlrectors of the mpanY lor th• purposes of cornpany lawl are r8spon$itAe lor Ihe preparatlcffl ol the accounts. Tha trustees consicler that an audll 1$ not required for thi3 y¢or under secbon 144 of lh• Charities Act 20111the Charilks Act) and that an Independenl examlnation is nlled. Havlno 18tl8fl8d my88W thal tho thartty 18 not subJg¢t ty #udh undef company law Bnd 15 ell91b for Independent 8¥8rninallon, It18 my responslbility lo.. oxamlng th• ae¢tyJnt$ undor 145 01 th8 CharfJes Act. fdlow tha procedur¢B 18ld Il(trwn In the general Dlrertbnj given by the Charlty Commilslon und•i S8ction 145(5llbl ol the Ch8ntie$ Ad., Stats whelher wrb'eular matt•rs hove comg to my ott•nth)n. Th18 r*port 1$ made to the trust0 In acLiJrdance wth the lèm18 01 my •NJag8manl. My WO ha8 been undertgk•n 80 Ihjl l rnlght 8tal• to the tru81ees Ihose rnAttèrs l am r•qulred to 8ts1? to thgm In an Ind•pend8nt e¥arnln•rfs rgpsyt and lor no other purpo. To the fijllesl exlenl pernlttgd by law, I do nol accept or aJ$um¢ rèsponslbilty lo anyone other Ihan the tru81998 for my w)rk or fcrf Ihls report. 8a•li ol Ind•p•nd•nt •x•mln•ff• r•port My examinatlon WAS earrtad Jt In 8ccordanc8 wllh g$n8ral Dlrectlon8 gfven by the Chadty Commls8K)n, An •xaMInaOn Indudgs a r&vi•w of the accounting record¥ ktrpl by the charfty and a ccffjp•rison of Ihè accnts pr•$•nted wlth th08e record8. It also Indud8s con81der8llon ol any unu$uo1 Ilems or d18closure$ h thè aeeounts, and 888king trxplan&tion$ from you as trusltes eonceming any 3u¢h mBttgr#. Tha pr¢>c8duro8 undertaken do not pro¥Ad? a th• eYld¢nco that would be rgqulred In an audlt. and consequently no opinion is giv•n as to whether the accounts pr•¥enl a'tr and fak vlovl and tho re1 IlmK8d to tho88 matters Bet out In Ihg stalgmÈnt b81ow. Ibxl•p•nd•nt •xamln•e• #tst•m•nt In nne¢tiOn wlth my examlnatlon, no mattar has eom• to my attentk)n'. Whlth gN•$ me rga8onable c8ug¢ lo beIv9 that In any mat•rbal r•6pect the reqUlreThnts'. to kéep A¢11ng rKord¥ in aetordAnca wlh S8ction 386 01 the Cornpaniè8Act 2006., and to pr8pare actwnts whlch accord th the accounting r8cord5 and compty th Ihe accounting roquirernents gf Sectlon 396 of the Cornpan48s ALI 2006 and wllh the melhod3 and prindpb3 or thg St•tom8nl of Recornmended PractSce'. Accounting and Reporting by Charilles have not been m01.. or To whl¢h, in my opinlon. attentlon shwhl be drawn In ordar to ènablè 8 Pfop•r understandlng ol the a¢¢4unts bo roached. M•tth•w Stfuth•r•, BA CA Partn•r H•ndortyon Black a Co Ch•rt•r•d Accountant• Ed&nbank House Cupar Fifg KY155HW
BRITISH POULTRY SCIENCE LIMITED STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unr•strfct•d •nd Tot1 funds UtrICted lund 2023 Total fvndA 2023 2022 Nol•s Incom• from.. Ch•rltbl• aetlvltS•• Royatties 8nd ¢ornmissh)n Conlribulon8 iowards Costs Inv••tm•nt Incom• Diwdend8 rg¢9ivad Bank Int8r•8t rocolv•d 71,557 4,010 71,557 4,010 70,385 10,010 10.283 3,028 10,283 3,028 9,982 165 Total Inctsm• 13 8B,878 88,878 ,542 Exp•ndltur• on: Ch•rlt•bl• a¢tlvltl•• Grgnls and donadons other ch•rithbl• 8xpen¢Jllur 11,596 64,169 11,598 84,189 8.884 55,969 Total •xp•ndMur• 13 75,765 75,765 64.833 N•t Incom• b•for• g•ln• nd l¢)w• on In¥Mtrn•nt• 13,113 13,113 25.709 N•t Ilo••y9aln ¢)n In¥•#lm•nt• 14,1531 14,1531 {10,4251 M•t Ineom• and n•t mov•m•nt In fund 8,960 15,284 R•conclllatlon of fund•. Tothl fund8 brought forw•rd 454,118 454.118 438,834 Tol•l fund• earrf•d forward 463.078 463,078 454,118 Statemenl of Flnaw¥l A't95 indude5 all gains kjsses reco9nised in the year. All inwme and expendllur8 ere from continuin9 activith85.
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Flx•d a•••ts Tangible 8$88ts Invostmnts 172,581 176,734 172,586 176.739 Curr?nt ••••ts D¥btors Cash al bank and In hand 10 48,445 248.237 50.783 232.746 296,682 283,529 Cr•dStor•: amounts l•lllng du• wlthln {8,190 16,1501 N•t curr•nt a•••ts 290,492 277.379 N•t M••t• 463,078 454,118 R•s•r¥• Falr v8lu• r•s•rve Gan•ral lund 81,461 361.617 85.614 368.504 M•mb•rn' fvnd• 12 483.078 454,118 For the flnanclal year ended 31 Dèc8mber 2023 the company wa8 &nUtl•d to exemptlon from 8udlt un¢Jgf Secll 477 01 th& Companles Act 21X)6 relatlng to smo11 companies. DIr1(¥s, ro8pon8ikn'lib'os-. The members have not raqulred tho rnpanY to oblaln an oudh ol Its financial stslemonts for the year In quttstlon in aecordance wtth section 4Y6' Tha directors ackno099 ihoir responsibilities foT comptyin9 With th8 requirements of the Act vAlh rg8PeCt to •ccounting record8 and the proporatlon of financial $talèm&nls. Thase flnancral slalemgnts hav• • prepared in accordan wrth the proVionS applicablo lo companias sublect lo th• $mall compani08 roglm¢. The financial slalem$nts w•re opproved by the bts8r(J of dlr¢¢tors and aLrthorised for l$$ue on 20 May 2024 and are $ignÈd on ils behalf by.. MMBain Dlr•ctor J Taylor-Pickard I Dire¢tor Comp•ny R•glstratlon No. 73967¢
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng poli¢l•• Company Informallon Brlush Poultry Science Ltd Is a pn'vate company Ilmited by guaranlee incorporated in England and Wale8. The registered tsffice is Intemational Hous8, 61 Mosley Slre&l, Manthe81er, M2 3HZ. Th& buslnoss addre8818 Roslin In5tltule, MSdlothi8n, EH25 9RG. 1.1 Ac¢ountlng ¢an¥•ntlon Tho financial 6ts1ements h8ve b8en prepared In accordan wlth Accountlng and Roportong by Charltl•s.' Statement of Recommendod Pr8¢Uce appllcable io charfJes prwarfng their accounts in ac¢ordan¢8 th the Finandal Roporting Standard appllcablè in th& UK and Republlc of IrdBnd IFRS 1021 (effective 1 January 2019) - ICh8rbtlos SORP IFRS 1021. tho Flngnaal Reportlng Stsndard 8ppllc•bla Sn the UK and Republlc ol Ifel8nd IFRS 1021 and th8 CompanSes Acl 2006 as applicabb8 io compani•s subl$¢t lo the small cc¥npanles regime. 8ri118h Poultry S¢i•n¢• Llmltgd constitutes a public nefit &ntity a$ d•finod by FRS 102. Thg dir8ctots eonslder that there are no m8lerial uncertalnli•s that would lead thgm to quesbon thé charllablo company'8 abllSty io contsnuè a8 a going conc•m. Th8 flnandal Stotfjments are prepEred In slertlng, lh¥ fvnctk)nal currency ol tho company. •nd the am¢)unts are rounded lo th• no8rgSt £. 1.2 Fund• Unrtr$trfet&d funds aro availabl• lo u$& for ony purpoge in the fvthernnce of the eh8rit8bl• actlvrtle8. Designatad funds are unre8tricted fvnds whlch twst¥gs have d•clded. al their dbscrellon. to set 88id8 for SPo¢lfic purposo. Re8thcted funds arts fvnd8 are to bg u$8d in accordance bwth 8pgafic re31rt$ Imposed by donor. All fundB ld by th• charfty gr* unraslrict8d. 1.3 Incom• r•cognltlon Income IB recogni when the Ghority haB ent411ement lo th InM•. il 18 prot)8blg tho Incomo wlll b receivtd and Iho 8rrwnl ol Incom8 can be rollabty measured. 1 A Exp•ndltur• All expgndltur• 18 a¢¢ounled for on an accrual8 basiB. Grants pay8Ne aro payments m8d8 to third porties In Ihe furtherance of th¥ ¢haritoblo obj¢¢ilv65. Expenditure includes irrever&b1e VAT a$ tho ¢h&rity is no longar registered ftjr VAT. 1.5 Supwl costs Support costs have not been 8•par8tsiy id&ntffigd gs the tru8iee8 consider there 13 onty Mo ¢harilabl¥ actiwty. 1.6 Tanglbl• fix•d Ms•t• Ind d•pr•cl•llon ProvisN)n is madg ltsr dèprad8tion on all tsngible assets, other than freehold land, at rates c81¢ulalgd to wrtt oll Ihe cost or valualK)n. Igss ostlmatod rg$idual value, of each as68t over Ils expected us9fv1 lifg. Flxtures. Ibttlngs & equipment 33% Str81ght I1 method 1.7 FIn•neI instrum•nts The company only has fln8nual assèts and liabilhl&s of 8 nd that quallfy as baslc financJal instnjments. Basic ffinancial instruments ar& initially recogni5 al tr4n$a¢tion valu• and subqUent measured at their sttMAt valuè.
BRITISH POULTRY SCIENCE LIMITED {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Aceountlng poll¢l•• IContinu•d) Inv•stm•nts Investments af8 a fom) of basic flnancial instrurnenl antj arè InallY recognisèd at Iheir transaclkn valLte and subsequenlty MsUred at thelr lalr valu• 0$ at Ihe balance shegt data using tho doslng quolad market pri¢8. All gains and lossès aro taken to the Ststèmenl ol Financlal Advldfjs as they aris8. Reallsed galns and losses on investments are calculated as th8 dlffer&n¢8 beeen sales prac8S and their openlng earying valu8 or thèir purchase value11 acquired during the flnancial year. Unrealised gains and losses are calculal•d s the dlff•wnce behyeen th8 f8ir value at the year end and thelr calng valuè. Rea116ed and unfe81ised Inveslmtsnl galn$ and1088es arè ccynbin•d In the Slalemenl of Fln8nc191 Acllvltles. Judg•m•nt• and k•y #our$ of Mtlm•lbon uncertalnty In the applicallon of the company's a¢¢ountlng polScl88, the InJ818•8 ara raqulfed lo make ludgoments, 0gtlm8t8s and a8Bumptk)ns about the carrying amount of assets and Ilabililig$ that ara not readily apparent Imm other sources. The èstlmat8s and associated assumpllons afe based on hlstorf¢al OX8nc0 and other lactors thgt are conBldffie(I to bè rnl•vant. Actual resultB may dlff¥r Irom thgse eSllmal•$. The esumotes and und8rtylng assumptlons are revlewed on an ongolng bas18. Revlslons lo accounllng 811m818s ar• recognlsed in tho p•rfod In whlch the estimate 1$ r•vl$8d wh•re the revision 8lfed$ onty that period, or In the period ol the reviston •nd fvlure perlods where th8 revblon gff8cts both current and lulure perM)d8. Roy•ltl•• •nd ¢omml••lon Gross subscriptlon income lh8 year, belng re¢glpts from $818 olloume18, 8rxount8d for by Ta01 and Francls Lbmlled Amounted lo £159,01612022- £156,412). Brftlsh Poultry Sclèneo Llmlled recalv8s royalUe$ anw)unllng to 45V•12022- 45%) ol this total. Inv•stm•nt lThcom• 2023 2022 Income from fixed au•1 Investments Bank inl•r•st 10,283 3,028 9.982 165 13,311 10.147 Gr•nt and donatlons Durfn9 the year Iravel grants lotslllrwj £8,096 werg made to 6 Indlvlduals12022- £3,864 to 2 Indlvidualsl. A $mo11 proh&ct grant of £4,500 w85 awardad dltrlng the year I2022- £5,000 10 1 in$lilutlonl. A ch8rltable onalion 01 £1,000 was paid tts thè Gordon Memortol Trust durfng the year12022- £nill.
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Ilot profft 2023 2022 N&1 Income Is staled after ¢hgrglng'. No directors honor8rla thls yeaf12022- £nll) Joint edltors InOrATI8, fees, trav¥1 and computer SOare exp9n$gs Company SecretarylAdminlslialor fee$ and expen8es Ikk)sl. slatlon8ry and and travell Independent ex•mln•rf$ foe 17.946 23.165 16.415 22,408 1.878 1,500 Tho company had no employegs duilng the year. No femun8ratlon was pald to trustaos. No expen8&9 worfj pald to tru8tee Honorado wgro pald as detalled abovo. T•x•tlon Th• company Is 8 regl8tered ¢harfty and. as suth, ly oxempl from tax8Uon on Any 8urplu8. T•nglbl• flx•d M••ts FIXr•I. flttlngs •nd •qulpm•nl 2023 Flxtur•i, flttlng* and •qulpm•nt 2022 Co•t or v•luatlon At 1 January 2023 Dispo3018 2,162 2,162 At 31 Oecemb•r 2023 2.162 2,162 D•pr•clatlon At 1 January 2023 On dlspo3818 2.1S7 2,157 At 31 DBc8mbor 2023 2,157 2.157 N•t book valu• At 31 Decembèr 2023 Al 31 Do¢ember 2022 10-
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flx•d uset invo•tm•nls 2023 2022 Listed invtrslmgnts 172,581 176,734 All investm8nls a ¢grri•d al their fair value. Th$ bo$i¥ of lair value for quolgd Invastrnants is equivalent to th¢ morkel v81ue, ugbng th& quot8d price. PuTch8se$ ara racognised al the datts of tr8de at their transaction valu8. that is cost. Th& companls Investments at 31 DoG•mb8r 2023 cons181od ol 12.026 12022 - 12,0261 M & G Charmund Incom• unlts. Thé original cost of theso uni¢8 was £91.12012022- £91,120). The signlfi¢8n¢o ol Ihe Inves¢ments lo the ongolng financial sustainability of th8 charitable rAJmpany 18 consldered in th& flnaneial rev1 and investment poll¢y s8Ctlons of th• trustees, annual raport Mov•m•nts In Il•t•d InvMlm•nts 2023 2022 Ilark•t valu• Al 1 January 2023 Net galn 1110881 on Investmants 176,734 14,1531 187,159 110,42SI At 31 Oecemt4r 2023 172,581 176.734 lTrv••tm•nt¥ •t lalr v•lu• Al 31 Decgmt4r 2023 172,581 176,734 10 O•btoM 2023 2022 Amount• l•lllng du• wlthln on• y•ar: Royallles and commission Prepayments and accrued income 47,556 49.385 1,398 48.445 50.783 11 Cr•dltor•.' amount• f•lllng du• wlthln on• y••r 2023 2022 Trade creilltors Accruals and deferred incom6 5,040 1,150 S.OLK) 1.150 6,190 6,150 11
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 RKonclllatl¢)n ol mov•m•nts In membors. lund• 2023 2022 Net Tnovom•nt In funds Ownlng mambers. fvnds 15.284 438.834 454,118 C11ng mèmbers, funds 463,078 454,118 13 D•t•ll•d In¢om• 8nd •xp•ndlturn •¢¢ount 2023 2022 Incorn• Royalt1 and commls8lon Conforence conlrfbullon Travel contrlbutlon Abslra¢ts wntrIbUQn Investment income Bank InloT•sl 71,557 2,010 70.385 2,010 2.lJOO 10,283 3.028 9.982 165 Tgtal Incom• 88,878 90.542 Exp•ndllur• Grant8 and donation8 11,596 Oth•r charltabl• •xp•ndlturn: Administrator coyts Edllors, honorarta, fe•$ ond $cienllfic copy costs Oth•r honoraria Joumal supplom•nl and on Iln8 accoss f8 WobgI1¢ ¢o$ts Bank charges Po81, $ts1Sonery #nd gundry expeMo8 Trav•1 and subsistence cosls S¥crgtarial and administration fee Consullancy Indep8ndènl &xamlnatK)n fee Olher cosis 17.425 16,690 9.420 10,483 509 280 75 1,256 5,740 16,740 16,415 9,635 1,716 3.034 228 141 203 5.465 887 1,878 413 64.169 58,969 Tot•1 •xpendlture 75,765 64,833 Surplu• 13.113 25.709 12.
BRITISH POULTRY SCIENCE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 IAomb•rn' Ilablllty Thè company Is Ilmlted by guarantee, not havlng a Bharg capltsl and ¢onsfjquontly the liabillty of membtrrs Is limited. sublect lo an undortoking by each member lo contribute to th*J n•t assèts or liabilrties of the company on Mnding up such amounts as may be required not exceeding £1. 15 Control The company 18 ntrolle{l by th& mombors. 13-