Company Regkqtratlon No. 739670 (EDglaDd Wales) Charlty Registrntioll No. 260942 (England and Walu) BIUTISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUAtL41YTEE) DIRECTORS, REPORT AND UNAUDKTED FllYANCL4L STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ili'n(li'rson Bl&iik { I
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) CONTENTS Pag• OirectoTr' Rep)rt Ind8pond8nt Examinorfs Report Statemonl of Flnandal Acllvldes and Income and Expenditure Account Balance Sheet Not•8 lo lh• Finanual Statemen18 8-13
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) DIRECTORS. REPORT (INCORPORATING THE TRUSTEES REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Tho directors, also known as Iw8tee8, presont their 8nnug1 r8PQrt and fin8nci81 slatsments lor the year endeil 31 December 2024. The flnanclal stBtèm&nts have been prepared in accordance with the accounting policies set out In note 1 to the accounts and comply wlth the Momorandum and Artid$$ of Assodatlon. tha Companiès Acl 2006, Thè Charftiès Act 2011 and Accxjunting and Reporting by Charill6s'. Slalemtrnl tsf Re¢ommended Pra¢tl¢o appli¢8bl& lo ¢harfll•s prtsp8rfng Ihelr accounts in accordance wlh the Financial Reports'ng Standard applicable in the UK and Republic o( Ireland IFRS 102) {8ff8Ctiva 1 January 2019)- charits SORP IFRS1021, and Th• Flnanclal Raportlng Standard applICab in the UK and Republlc of Ireland IFRS 1021. ObJ•ctlvM and Actlvltl•s for th• Publlc B•n•flt The prlnclpal obiecllve and acttvlty of the company continues lo be Ihe prornollon of poultry science by dissernlnating rosearch findings through the publication of a journal and the award of educational grant8 10 indivhluals. The fruslees conflmi thoy have referred to the guldance contained in the Chartty Commisslon's general guld8nce on public benefit wh•n rwwwing Iho alms and objo¢tive$ and In k4annln9 lulure a¢Uvi11os and setting the grant m8kln9 poli¢y lor tho yo9r. Achl•v•m•nts and P•rform4nc• The company has continued lo promote PK*uIty 8dence by pub118hlng research flndlng8 In It3 loumal and by awardlng travel grants to Indlviduals and small project grants to other educat4.onal 8Stabllshments. Detalls of subscrfptlons for the year 8r8 shown In noto 3 to tho account$. Detail$ ol aw8rd$ made aro $hown In notg 5 to the accounts. Fln•n¢lal R•vl•w The Stslemgnl of Flnanclal Acllvltl¢$ lor the year gndod 31 Dember 2024 shows net Incomg before galn$ or losses on nve3trnenly of £33,200 12023 nèt in¢om& baforè gains or lossès on inve$tm8nts £13,113). The Sl8tem8nt ol Fln8nclg1 AcUvllle8 shows a nel movement fvnd3 of £37,69912023 n&t movement In funds of £8,960). Fl¥ed 888gt Inve8tmént$ are shown In the balance sheel al lair valut as detailed in note 9. The directors Consider the financial position of tho rnpany to be sa118faclory. R•••Th•s Pollcy Thg dlrgctor$ ¢onsld&r th8 res•rv8 h8ld Should b8 mainiAlngd at around 3 10 5 tlm8s th8 amount ol annual Income. The amount of reserv9$ held 1$ eS00,77712023 - £463.07818$ detalled In the finan¢lal st81gm&nls. Res&rve8 aro m8intainad 10 Secure the fulufe financial viability of tho charity. All resems afe unfestricted.
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Inv•slm•nt Pollcy The dlrectors have considered Ih8ir Fdicy for investing funds and have conduded Ihat the current investments, desjgned for tho charlty sector, contlnue lo meet requlrements, pfovSdlng satlslactory levels ol IncA)me and long term capital growth. Rlsk R•vl•w The directors hav& mSèwo¢J thg mar rf$k$ lo whl¢h the ¢omp8ny 1$ exposed 8nd the $y$t&m8 in pl8¢0 lo mltlgat• Ih•s rlsks. Given thè nature and alms ol th8 tr)mpany, It h88 conduded that there a no $ignifi¢anl extem81 lundlng risks al presenl. Authorisation and review procedures are in F4ace lo minirnise intemal risks and the council has concludtrd th81 these continue lo operate satisfactorily.
BRITISH POULTRY SCIENCE LIMITED {COMPANY LIMITED BY GUARANTEE) DIRECTORS. REPORT {INCORPORATING THE TRUSTEES REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Strucknr•. Gov•rnance and Manapm•nt Govemlng Oocument British Poultry Science Limited is 8 private company limited by guarante8, not having a share capital and is govom8d by memorandurn and articles of as8ociabon and company law. It is re9iStered as a charity vAlh the Charlty Commi$*on, registration numbor 260942. Organl••tlonal Structur• British Poultry ScAence Limited is controlled by Ihe Board of Oirectors as elected by the members ol the company. T Direclors aro also charity truste8s for ihe pufpos•s of charity law. Tho Jolnt Editors and S¢lenriC Copy Edllor 8re nol ligibla to seNe as Directors and matters such as theSr honor8rl8 8r¥ de¢ld•d by the Board of Diroclors. OirectOTS rgmunerallon Is delaile<l In nol& 6. Admlnlstrallon of the ¢h8ritsble 88P¢Ct8 of th& company is controlled by the Coundl of Manag6m•nt, which consists of Diwlors, Secr81ary plus the Jolni Editor8. Pollcy 15 Sel by these bodles. Implernentation of pollcy is then delegated to the busirwJ8 committee, vthich consi8ts of som8 Diractors, S8er8tary and the Joint Edltors. AppGlntm•nt of Dlr•ctors Directors are normally appoinl8d al IheAGM each year. Rof•r•nc• and admlnlstratfv• d•t•ll• Company Reglstr8tlon Number 739676 IEngland and W81881 Chanty R8gi8lrahon Number.. 280942 (England and Wal981 Rgglslered Offl¢o.' 6riti.sh Poultry Sci•n¢o Llmlled Inlfrmallonal Hou 61 Moslgy Stregt Manchester M2 3HZ Bu8ine&sAddre&s.' Ro8lln In8dlut Unlversity ol Edlnburgh Ea8ter Bush, MMJlothi#n EH25 9RG Indopendgnt Examlnw.. Matthew Strulhers BA CA Hentjorson 61a¢k & Co 22 Crossgat8 Cupar Fll KY15 5HW Bankarts.. Bank of Scotland Teviol House 41 South Gylg CronI Edlnburgh HSBC UK 76 Hanover Street Edinburgh EH2 1EL
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) DIRECTORS. REPORT (INCORPORATING THE TRUSTEES REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Dlr•ctor• Tha followlng dlre¢lor5 have held office since 1 January 2024.. MMBain M R Bodford J S 8enlley W8essei E B(4rton A 8utt&nworth ICDunn D Gu8m8n• P Konieczk8 N Jllorgan G M P8sIi V Pirgozliev ABMR8j J Roborts 8 Rod8nburg V S&ndilands NA M Sleeckx N H C Sp8rt(s B Svihvs J r4ylor-PKkard R Zhao Company S•cr•l•ry: GAMl•ra$ Jolnt Edltorn: SPRoso O Matika Scl•ntlfl¢ Copy EdFtor'. L Waldron
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) DIRECTORS. REPORT (INCORPORATING THE TRUSTEES REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 stat•ffl•nl ol TN•t••s R•4pon•lbllltl•8 The trustees (who are directors of British Poultry Science Limited for tho Purposes of company lawl are rosponslbl& for preparing the trustees, annual report and the finanaal statements in accordancé with applicablè18w and r•gulalons. Company law r8quiros the tru51ees lo prepare financial stslements for each finanual year. Under that law the tru5188S have elected to prepare the finanraal stalefflents in accordance with Uniled Kingdom Generally Accepted Accounting Pradlcg Iunited Kingdom Accounting Stsndard$ and 8pplicabl8 18wl. Undgr company law the tfU8188s musl nol appiove thè financial statèmènts unlo9s Ihoy 8ffj sats"sfied that they give a tnje and fair view of the slate of affair8 01 the charitable company and of the inwne and expenditure of the charitable company for that riod. In pr8paring thase financial stalements, th8 Irust8es are required to.. $91g¢t sultablg 8c¢oyndng pollcle8 and Ihen apply them con8lstsnUy', observe the methods and principles in the Charities SORP,. make judgements and accountlng esllmales that are r8aBonabl8 and prudent., stste whether applIcaa UK Accnunting Standards hava bgon followgd, sublgct lo any matorlal departurgs dlsclosed and &xplain&d in th• finandal stal8m•nts". prep8rg tho Iln8n¢lg1 slalemenls on tt)e gobng concom b8858 unless it is inapproprOat8 lo presume that th ch8rllabl8 MpanY wlll conllnue in buslness. Th• trusto•s arn rOSps1b1• lor k8epirvJ adfjqLtalo g¢¢ounUng records that are sumdenl Io Show and explaln the charftable ¢ompany's tran¢tOn$ and dl$do$& wllh reasonable 8c¢ura¢y al any lime the financial positlon of the ¢haritable company and enabl8 them Its engure th81 the financi815tal8ment5 comply wth the Companies Act 2006. They are 8150 responsible lor 5afeguardlng Ihe assets of the charlty and hence for taklng r•asonabl8 stops for th• preventlon and delectlon ol fraud and olh6r irregularities. Small company •x•mptlon Thls Tepjrt ha5 been prepared In a¢rdn¢9 wlth Iho ¥poclo1 provlslon• r•lalng lo small companlos Yllhln Part 15 01 th• Comp8ni•s Act 2006. y older ol the ljoard on 16 June 2025. or- Pickard (Ch r•ctor manl GAMi8ras 8ecr•tary
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH POULTRY SCIENCE LIMITED I report on tho accounts of the tharlty for Iha ar endèd 31 Deeèmber 2024 whkh ar• s•t tyjl on pag•s 6 10 13. R•p•¢Uv• rè8ponilbllStl•s ofth• tru•t••• and •xamln•r Thg trustees Iwho are aho th8 directo of the company for the purposes ol cphY lawl are resp51l18 for the preparation of the &tnts. The tnjsteeg consider Ihat an audit is not required for this ye8r under section 144 of th8 CharMg8 Act 2011 (the CharltiesActl and that an Sndepondenl ?xamin•tk?n 1$ nèèdèd. Having satisfigd my881f that the thArity Is sublacl to audlt und•r company law and is •11b1• for Ind•p•ndent •xamlnaUon. it18 my fe8pcnsibilty to.. gxamine thè t¢ounts undar $6etion 145 01 the Ch8rlli&s Acl., rollow tho prc•dur8s lald down In the general DSredcn6 g+veTh by Ihe Charfty Comrn1$8bn under 14515llbl Oft Ch8rill•s Aet; and it•lo v4h8th8r p8rteular mattern h8 CAyne to rny attentK)n. Thls rnport Is made to the trustees In accordance witr the terms of my engaogrnènt. Kly work has bèèn und8rtak8n so that I mSght gtate lo th• tnJgte8s thos• mallers l am requlred to stsle to them In an Indepèndènt èxaMlrfI rèport #nd for no other purpo89. To th8 luM8s18Xtent p8miitted by18w. I do not accept or assume iesponsibility to anyone olher Ihon Ihe tN3toe$ lor my Wts or lor th1$ r•porL 81•l• ot Ind•p•nd•nt •x•mln•rf• r•port My •xarnlnatkJn was carri8d out sn Bccordanee wlth gen8ral Dlrrttbns gSvèn by tha Charlty Commlsslon. An •X8minatKJn in¢lud8s a revSew ol Ihe accounting rec4)rd3 kept by the charity and a wrnpartjon of th¢ 3c¢ount8 prg8entod wlth those reeords. 11 d80 Include6 conslderallon of any unu6ual blem6 OT dis¢loBur86 In Ih? arxounl$. and Jeekin9 explanation$ from you as truste•s eoncerning any such matters. The proc8dureg und8rtaken do nol provkle 811 evklencg that wwld bo requlwd In an audit, and ¢onsèguènUy no e)inlon 18 giv•n as to wh8lh8r Iho account8 p¥esenl a Iru• and falr vi•%V and th• rewt 18 Ilmrted to Ihose rn8tlers 881 oul In tha 8tatèmènt b81¢N. Ind•p•nd•nt •xamln•V itst•m•nt In conngction wth my exthmlnatlon, no m8tt•r has com• to my 8tt8ntlon.' Whlch gives me reQ30nJe uu¥8 to belleve that in Any m8lerial resp#et thè r•qvirèm•nt8'. to kegp aUntIng records in aceord8nc• wilh Sactth 386 ofth• Comp8nles Act 2008,. and to w•para geeounts whlch 8ecord th th• accountlng r•cords and compty with the ac¢ounlin9 requlr8m8nts of Secllon 396 of the Compani8y Act 2006 and w+th the rnethody aw¥J prfnap48s ol tho Stat8m•nt ol Recornmended Practice.. Accovnllng and RepOrry by Charl? have not been met.. or To whlch, in my opinicfj, att•nUon should b• drawn In ord•f to an8+ a propor undwstandlng ol the accounts to be reached. Matth•w Struth•r•. BA C P*rtner H•nd•rson Black & Co Chart•r•d Accountants Edenbank House Cupar Frfe KY15 5HW
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES AND INCOME ANO EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unf•Strkt•d UnrnstrlGt•d and and Total fund 2023 Totsl 2024 lrteom• from". Charbtbl• aetl¥ltl•• RoyaltSes and commls6lon Conlr4butons towd# e¢•ts w•stm•nt Incom• Dlvldan¢J$ r•c•iv•d 8•nk int•r•sl rec8fved 79,222 7,000 71.557 4.010 10,824 6,123 10,283 3,028 Tot•1 Incom• 13 103.189 88,878 Éxp•rtdllur• on.. Charltbl• •etl¥ltt•• Grants and donalon8 Other charftabla expenditur• 4,700 65,269 11,596 64,169 Tot•1 •xp•ndlturn 13 69,969 75.785 N•t In¢om• b•ftr• g•ln• and Io•Ms on Inw•tm•nt• 33,2 13,113 N•t Ilo•iVg•ln on Inv••im•nts 4,499 14,1531 N•t Incorn• •nd n•t mov•m•nt In lun 37,699 8,960 R•conclll•tlon ol fund•: Totsl fund brought forward 463.078 454.118 Totsl fund• rrI•d f¢)mrd 5CQ,777 463,078 The Statarnent of Finaal Activrfr'•5 indudes all ga$ 8nd 10858s r8cogni8ed in the year. All income and e¥peThJ1tU derive from contlnulng aCtivRs.
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ASAT 31 DECEMBER 2024 2024 2023 Not•• Flxed aM•ti Tanglble 8S88t8 Invè8tm8nls 177.080 172.581 177,085 172,588 Curr•ftt a•••t• D8btors Cash at bank and in hand 50,578 274,804 48,445 248,237 325,382 296,682 Cr•dltora: ameunts lalWn9 du• wlthln on• y••r 10 {1.6901 18.1901 M•t curr•nt •s••ti 323,692 290.492 STrJ.777 463,078 R•••rv•• Falr value G&ngral fund 11 85,960 414.817 81,461 381.817 M•mb•r•' lund• 500.777 463,078 For tho flnanclal •nd•d 31 D•C•mr 2024 lh& wnpany was 8nltl8d to eyomptkA) from 8udll undar wllon 477 of the Companle8 Act 2008 ro18llng to sm911 ¢ompanl&g. Dlr&¢tors' re8ponsibllllle8.' The members hav• not required the company to obtaln an audlt of its Ilnancial $tat8m8nls for th• year in qLt&sllon In accord8nc& wllh sectlon 476.. Tha dlr8ctofs Acknowl8dg& their rèsponsi11. for eomplying with th• r•9uir•ments ol th• kt with rwieci to 8<xountlng records and tho prop8ration of fin8n¢lal stat&monl$. Thès• financi81 #latements havo be8n pffjpared kn a¢cordan¢e with Ihg provision5 applocae lo companie$ Sub¢* to th& small companies regirve. The flnanclal ststements wore approved by the board of dl signed on its bahall by.. and aulhortsfjd lor Issue on 16 June 2025 ond are ICDunn Dlr•ctor JTa r-Pickard ector ompany R•gl$tratlon No. 739676
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poll¢l•• Company Inlorniailon British Poultry Suence Ltd is a private cornpany limited by guarantèè incorpofaled in England and Wales. The registered office Is Intematlonal HSe, 61 Mosley Stre8t. Manchester, M2 3HZ. The business address is Roslin Insfjlule, Mldlothlan, EH25 9RG. 1.1 A¢¢ountlng conv•ntlon The flnandal staternents have been prepared In accordance with Accounting and Reporting by Charilios.. Stat•m•nt of Recommènded Pradice applicable to charities preparing thelr accounts in accordance with the Financ181 Réportlng Standard applicablè In th8 UK and Republle of Iraland IFRS 1021 (effective 1 January 2019) - ICharltl8s SORP IFRS 1021. the Flnan¢l81 Reportlng Standard appllcabl8 Sn th8 UK and R8publlc of Ireland IFRS 1021 and the Coffffj)anlo8 Ad 2006 as appll¢abl• lo companles 8ubj¢¢t 1¢ the Small ¢wpani•$ regime. Brfti8h Poulty Sclanc• Llmlt8d conslltutas a publlc b8fit endly as dafin•d by FRS 102. The directors consider Ih81 there are no malerfal uncortainlles that would lead thom 10 9u•$tion th• ¢harltabf8 company's ability to continue as a going concem. The finanelal st8tm8ntg aro praparnd In sl•rfing. tha functn81 currency of Iho company, and tho amounts are round¢d lo th& nee$t £. 1.2 Fund• Unre31rfcl¢d lunds are av8i18L4e lo us• for any purpo$& In th& lurthor¥n¢& of Iho eharllablg act1vi•s. Desrgnaled funds are unrestn.cted funds which the trtJ8lee8 havo de¢ided, 8t Ihelr dls¢r¥lbn, lo set 8sl¢J$ for a specific purpose. Reslrlcted funds are funds whlch are to be used in accordancè with specific re8lriclion6 Smposed by the donor. I funds hold by tho Chartty ar4 unrg$trl¢tgd. 1.3 Incom• r•cognbtlon Income 13 recogni8ed when the charlty h88 enlillemenl to tho Income. 1118 probable the Incom• wlll be rec8lved and the amount of income can be rellably Measured. 1.4 Exp•ndlturo All expendibjre is accounted for on an Accruals ba8. Grants payable are payments made to Ihlrd partles In Ihe lurth8rance of the charttable oblg¢llve$. Expend6turg In¢ludes Irrgcovgrab19 VAT as thg charity Is no bnger registered for VAT. 1.5 Support ¢t8 Support costs have not b88n separately iden11fd as tho trnst8es consrder there is only one chaiitsble a¢ts"vity. 1.6 Tanglble fixed #ssets and deprlation Provision is made for depreGiatson on all t8nglble assets, other Ih8n fveehdd land, at rates calculated lo write off the cost OT valuation, less esth'mated residual value. of eath a8Bel over 115 eypected useful life. Fixtums, flttlngs & •qulpm8nt 33% Straight Iln• Mt1)d 1.7 Flnanclal Sn•trum•nts The cornpany only ha3 financial a5381s and liabilities ol a kind that qualify as basic financial instrumgnts. Basic financial instruments are initially rer3niSed at transaction value and subsequenlly measured al fftr settlement value.
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounllng poll¢l•¥ IContlTrued) 1.8 I$1•nts Inve$trnents are a lom) ol bo$ financial In¥trumgnt and are initially recognised at their tronsaction volue and sub8equenlly mea8UTed al their fair valuè as al tho balance sheet d816 u8ing the doslng quol&d market wice. All gains ond losses are taken to the Ststement ol Financial Actlvities as they arlse. Reallsed gains and lossgs on Inv$stmgnts Brg calculat8d a$ th& dlffgr•nco sal8s proc08ds and thoir oponing Trying value or thelr purehasè valu• if acquirèd dLtring thè financial y8ar. Unrèaliséd galn$ and los$&s gr¥ ¢ol¢ulal as the differenco betsyètsn th& lair valuo al thè year and and their caln9 vall. Realis•d and unr8alis8d investm&nt gains and losses are combined in th8 Slatom•nt of Finane4al Activitios. Judg•m•Trts and *•y •our¢•s ol ••tlm•tlon unurt•lnty In th8 application of Ihe company's accoLtnting policies, the trustees are required lo m8ke judgements, g$tlmales and assumptlons about Ihg ryIng amount of asset$ and Ilabllitlgs thal are nol readlty appar9nt from othor sour¢o8. Thtr &stim8t•s and as$oci8ted 8ssumptions ar8 ba on historical èxp•ri•nea and othar la¢tor8 that are ¢on$idorod lo b& r•l•vanl. Actual r•$uK8 may dlffer from these o$llm8le8. The 8sbmales and undertying a8sumptions are reviewed on an ongoing basis. Revi8ion8 lo accounllng esumates are recognised In the pertod In whlch the esilmate 18 revlsed where the revision affocts onty that pariod, or in iha p&riod of tha raS1on and fuiuf• TdS wh8r8 tha ravision aff8Cts both current and future parlods. In prepadng these financial statenIS the trustees have mad8 Ihe following ludgemenl.. Trustees estimate the requirement for accruals Using post year end infomialion. This Klenthfi•8 $13 that 8r• expected to b8 Incurred lor thlrd party services relatlThJ to the accounting year but that ar8 not InvCed un Aftar ihe y•8r end. Royalt1•8 and comml••lon Gross subscription incc•me for the year, being receipts from the $8le of journals, accounted for by Ta¢< and Francls Llmited amounted to £176,05012023- £159,076). Brftlsh Poultry Sclence Llmlted recelves royaltles amountlng to 45%12023 - 45%) of Ihts lotal. Grants and donat5on• Ouring Ihe year Ir8vel grants lolalling £3.500 wero made lo 4 Indlvldual812023- £6,096 10 6 indlvidual$l. No small project grants were awarded during the year12023- £4.500 10 1 institution). A charilable donation of £1,000 was paid to the Gorilon Memorial Trust dur6ng the year12023- £1,C4)01. Charttable donatlonB of £2fyJ were made Sn mernoriam ol Or G.K. Baggott and in m¢moriam of Dr J. Klaer12023- £nlll.
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Trust•g8 •xpgns•s. r•mun•ratlrn and r•lat•d party transl10n 2024 2023 Net in¢omellexpenditur¢l is $tated after charging., Joint editors honoraria, fees, travel and compLtler SOare expenses Company SecretarylAdminislrator lees and expenses Iposl, stationery and and travell Independent examSnef3 fee 18.143 24,305 17,946 23,165 1,968 1,878 Th6 company had no &mployees dvring th& yaar. No remuneration was paid lo irustees. No expenses were paid to Irus¢885 Honorarla werg pald as dotsiled above. T•x•tlon The company18 a regl8ltsred dlarfty and, as 8ud),18 exempl Irom taxalSon on any $urplus. T•nglbl• fix•d a•••t• Flxtur••, Ilttlngs and •qulpm•nt 2024 Flxiur••, Ibttlnql and •qulpm•nt 2023 Co•t or v•lvatlon At 1 January 2024 Disposal 2,162 2,162 At 31 t)8cemb8r 2024 2.162 2,162 Deprn¢l4tk>n Al 1 January 2024 On dlsPO841$ 2,157 2.157 At 31 D8cember 2024 2,157 2,157 N•t book valu• Al 31 Dwmber 2024 Al 31 December 2023 10.
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flx•d M•t Inv••tment• 2024 2023 Other investsnents olher than loan8 177.080 172,561 All inv•$tments are ¢am¢d al Ihoir lair value. The ba818 of fair valu8 for quoted investments is equivalent to the m8rkel v8lue. uslng the quoted price. Purcha589 are recognised 8t the doto of trado 8t their transgctlon value, that is cost. Th• company's investmonts gt 31 Decgmbgr 2024 con8lsled 01 12.026 12023 - 12.0261 M & G Charrfund In¢om• units. Tho orl9inal ¢o$l of Ih•s• units was £91,12012023- £91.1201. Th• slgnlffcarKe of th8 investrnents to the ongoing financlal sustalnabillty of thg ¢h8rltablg ¢omp8ny 1$ con$id•rod in the financ4al revw and Investment polty $8cllons of thg tru$t••s' annual r•port Mov•rn•nts In Il•t•d Inv••tm•nts 2024 2023 M•rk•t v•lu• Al 1 January 2024 Nèl galn 1110991 on Inv•$tmgnl8 172.581 4,499 176,734 14.1531 Al 31 December 2024 177,080 172.$61 Inv••tm•nt• It f•lr valu• At 31 D¢¢¢mb&r 2024 177,080 172,581 D•btor• 2024 2023 Amounts fallng du• wlthln on• y••i: Roy8111e¥ ¥nd MMI10n Oth•r doblors 49,222 1,356 47,556 889 50.578 48.445 10 Cr•dltors: amount• falllng du• wlthln on• y•ar 2024 2023 Trad8 credltus othgr c8dltors 540 1,150 5,040 1,150 6.190
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 F¥lr valu• rg*•rve 2024 2023 At the beginning of the year Revaluation surplus arising in the year 81.461 4,499 85,614 14,1531 At the ond of the yoar 85,960 81,461 12 D•t•ll•d Incom• and •xp•ndltur• account 2024 2023 In¢om• Royaltles and commisslon Conl8r•nc& contrlbutkjn Travel ¢onlTlbullon Ab8lracts conlrfbution Instmant Ineomè Bank Intarast 79,222 2.000 3,000 2.000 10.824 6,123 71,557 2,010 2,000 10,283 3,026 Tol•1 In¢om• 103,189 88,878 Exp•ndltur• Grants and donAUons 4,700 11.596 Oth•r eh•rtt•bl• •xp•ndltur•: Admlnlslrator costs Editors, honoraria. f8os and 5d8ntMk copy ¢08ts Other honoraria Journal $upplem•nt and open ac¢&88 fe W•bslt• costs Bank charges Post, stationery and sundry expenses Travel and subslslenc8 costs Se¢retstial and 8dmlnlstraUon It8 Consult8ncy Independent examlnatlon fe¢ Olher c051s IB,275 18.143 11.080 7.483 17,425 16.690 9,420 10,483 509 280 75 1.256 5,740 326 133 6.030 720 1.968 602 1,878 413 65,269 64,169 Total •xp•ndltur• 69,969 75.f65 Surplu• 33,200 13,113 12
BRITISH POULTRY SCIENCE LIMITED (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 M•mb•r•' Il•blllty The company is limit•d by guarant99, ngt having a share capital and nSeqUentlY th¥ li8bility of rnembers is limrted, subject to an undertakiro by eath member lo contribute to th& n$¢ aswt$ or liabiliti'es ol the company on wlnaing up su¢h amounts as may be required not OKCggtJing £1. 14 Control Th• company 18 controlled by the m&mtsm. 13-