frr4 (L6 Collaboratlve Internatlonal Pastlcldes Analytlcal Councll Limlted (Company Ilrnlted by guarantee and not havlng share capltal) Report and Financial Statements For The Year Ended 31 Dec8mber 2024 Company Number. 00984076 Charity Number. 261553
Collaboratlve Internatlonal Pestl¢ldes Analytical Councll Llmited Financial Statement5 For The Year Ended 31 December 2024 Contents Pages Trustees. Report 1-5 Audltorfs Report Revenue Account 10 Statement of Financial Activ1tr8S 11 Balance Sheet 12 Notes to Iha Flnanttial Statements 13-17
Collaborative International Péstleideg Analytlcal Councll Llmltad Trustees, Report For The Year Ended 31 De¢ember 2024 Refèrenc• and Administratlon detslls The Directors of Ihe charitabte company I'yhe chariv) are ils TNstees for the purpose of ¢harity law and throughout this report are collectively ref&rr8d lo as the Trustees. The Trustees psent their annual report with the financlal stslem8nts of the charty for the year ended 31 December 2024. Con$titutlon Collaborative Intemauonal Pestlad8s Analytical Council Limited (known as CIPACI is a company Ilmhed by guarantee and not hawng any share capital and a reglstÈred charity. 11 is governed by its Memorandum and Articles of AssoGbatlon. Company number.. 00984076. Charity number.. 261553. Honorary Offlcors l Trusttes l Dlre¢tors The Trustees serving during tha year were as follows.. Chairman l Dlrgctor Secretary Treasurer l Director Assistant Secretary Dr FL Hanel l Ms E Karasali Mr L. Bura Mr B.E. Hocken MrT. Rijk Managgmgnt Cornmittge l Trustees l Dlrect•rs Ms M. Cardeal De Oliveira Mr B. Patrian MrA. Plumb Mr F. Mathieu Ms D. Julinkova R&gistwed Officp The Plnnacle 170 Midsummer Boulevard Milton K&ynes Bucks MK9 1BP Auditor MerGer & Hole LLP The Pinnacle 170 Midsurnmer Boulevard Milton Keynes Bucks MK9 1BP Prjncipal Bankers HSBC Bank plc 1 High Stre8t Harpenden Herts AL5 2RS
CoNaboratlve Intsrnatlonal Pestlcld85 Analytlcal Councll Llmlt@d Trustees, Report contlnued Structure Govemance and Man ent Governing Document Collabor8tlve Intemational Pesticides Analytical Coundl Llmlted is a charitsble company limited by guarantee and not having any share capital. It is governed by ts Memorandum and Artides of Association datéd 8 July 1970. ReGrunment and Appolntment of Trustees Current Tslee$ are automatically eligible for re-election. Prospective Trustees are nominated al tho annual general meetings, and are elected subject to approval by majority vote. Induction & Tralning New Trustees are inducte(l and trained al the annual Symposium conferences. Risk Management The management commlt18e have examlned the major strategi¢, business and operationgl risks that CIPAC f8S 2nd confimi that syst8m$ have been establlshed to lessen these risks. Ob ectlves and Activlt" ObJeGts of the charlty l. To promote the intema.onal agrfjement on methods for the analysls of pesticidé products and physi0-chemical tesl methods for fomiulations. 2. To promote Inler-laboralory programmes. 3. To sponsor symposia to encourag8 dav8lopment in the fields mentioned above. 4. To collaborate with othor organisations. Princlpal Aclivltlos The principal activity of the charity In the year was the promotion of agriGulture In the fiekl of pesticides for the benefit of the communtiy. Thère have been no material chan Jes in these actrvilies or in th8 polides adopted by the Council since the last annual report of the Council. Public Benofft In setting out the charitls aims and objectives the Trustees have given reful consideration lo the Charlty Commisslons guidance on public benefit. During the year the councll sponsored and supported symposia, researth and publiGalion of sclentsfic papers to encourage development of the analysis of pesticide products and physlo- chemical test methods to improve p8slicid8 us8 for the advanrnent of agrieulture. Our publlcations are available to all irrterested in this area and have deali wtth many issu8s which Bre of benefit to th8 wider community.
Collaborative Intématlonal P68tlclde3 Analytlcal Councll Llmltsd Trustees, Report Contlnued continued s and Activitles Organisatloft of work At CIPAC'S annual meetlngs, resuits ol collaborative studies are evaluated. the slatus of Ihe methods ar6 discussed. progrdmmes forfuture WO are *t up, and new pesticides are allocated mber courrtrie8. National or regional committees. so called Pesticide Analyh'cal Committees, carry out most worl These committees not onty e£)ndud the actual collaborative studles, Indudingthe statistical evaluation of th6 results, but also are respon81ble forthe extenslve preliminary work. The 'Guidelina$ for thè CIPAC Collaborative Study Proc&dures for Ihe Assessment of Performance of Anatytical Methods" aro the internal CIPAC standard for conducting inter- laboratory trials and are In agreement Wtth IUPAC recommendations & ISO standards. The intemational studies arè announced through CIPAC InfOrtIon Sheets. An Informatlon Sheet is issued on request of the leader or the commiltoo. whan the preliminary work h8s proved the method concerned 18 ruggedt precise and accurate enough to be tested at a full-scale level. The informatton Sheets have a worldwide distribution and givo infonnation about the kn.nd and extent of the method. special equipment and the Gonducl address for partiapalion, Once 8 method has been accepted il may be classilgd as a CIPAC Method. a Provisionol CIPAC Molhod, or a tentative CIPAC Method. If or mor8 methods are acc8Ptabl@. one is selected as th& Refere8 MethTrl. A symposium has become an inlegral parl of the annual CIPAC rneeling. 11 not only serves a purely scientific purpose bul is also a meeting point for the officials and analysts of the pestiad8 Industry. The programma IÈ usually such. that it placas the CIPAC work In a wider agricultural and environmental context.
Collaborative International Pestlcldes Analytical Councll Limlted Trustees, Report Contlnued Achievemen d Performance CIPAC has responded to the repre5enlatlon of a commercial wodd in that handbooks are provided on CD-ROMS in addition to the traditional paper fomiats. The charity now also produces pre-publlshed methods to order. CIPAC has approximately thity volunteers around th8 worfd who comprise highly qvalified sclenllsts who give thelr time for free to produce analytical work that is ongoing and has been the subject of several handbook publications that arg available on a worldwide basis. Flnanclal Rèview The surplus for Iho yo8r amounted to £212 {2023= £827}. It is proposed that this is transferred lo reseNe$. Total funds at th8 year end amounted to £402,638 (2023.. £402,426). The present sto¢ks of Handbooks and CD ROMS will enable CIPAC to satisfy orders for the )ming year. A dedslon has been taken by the commlttee lo write down the value of old handbooks over a five year period. Resgrves policy: CIPAC invests its fvnd8 In a Bank Money Market Account. These funds represent the net sale proceeds of CIPAC Handbooks and CD ROMS aftar deducting printing and carriage costs ov8r approximately thity year5. The funds ar8 kept in low risk invgstments. refl8cting the need to access funds at short noticg. INhilst sctenlific work is giv8n on a fr88 of charge basis there has been a buildup of cash resoNes agalnst the lime when scientistslconsultants are paid for Iheir s&rvlces. The produclion of future publications will be made on a 'break even, basis lo en$ufe a slow r8duclion of r9serves (represonted by cash). The incorporated charity's IrF¢omo is derived from sal& of CDS and publications via mail c*der and th8 market for this has stayed relatively slable. On 24 July 2024 the incorporated chariV8 Fulfilment Housè. Marston Book Services {'M8S'I, want into Administration leaving the incorporated charity as an unsecured creditor being owed £14.922. following this event Incorporated charty's mail order and s8les activities were immediately suspended and no operations look place forthe remalnder of the year to 31 December 2024. Another entlty, BCQ Bucklngharn took over as 8 web5hop in January 2025 to undertak8 the role previously filléd by MBS and the irbcorporated ch8ritls activities rgcommenc¢d. The Incorporated Ghan'ty holds monies at bank to cover any small deficits in the future. The incorporated tharity is therefore considered to be 8 going concem. Plans for Future Period It is the deslre and Intenth)n of the charity lo continue the promolion of agriculture In the fieby of pesticides. The Trustees do nol anticipate that there will be any fundamental chang6 in the development ot the Gharity during the coming year. 8ub8e uent Events Seè th8 going concern section above In relation to subsequenl event$.
Collaborative Internatlonal PestlGldes Analytlcal Gouncll Ltmlted Tru5tees' Report Contlnugd udltors In accordance with the companvs artrcles, a resoluOn proposing that Memr & Hole LLP be reappointed as auditor of the company will be pul at a General Meetlng. eme onslblllties of the Trustees The Gharfty trustees Iwho are also the dlreclors of Collaborative Intemational Pesticides Analytical Council Lilnited for the purposes of company law) are iesponsiblg for preparing a tnjstees, annual report gnd financial ¥tatements in accotdanc8 wtth appliGable law and United Kingdom Accounllng Standards (Unlle(1 Klngdom Generally A0pted Accounting Pr8Ctice). Company law requires the charity frustees to prepare financial slalements for each year which give a true and fair view of the state of affairs of the charitable company and of the Incoming resources and appllcatlon of resources, InGluding the Income and expenditure, of the charitablo company for that pèriod. In preparlng the linanciai statements. the trustees are requiied lo.. sdeGI suitable acGounting PDlicies and then apply them conslstently. observe the methods anrj prlnclples In the GhaTilies SORP 2019 IFRS102)'. make judgements and estimates that are reasonablg and prudent., state whelhei applicable UK accounting slandaids have been followed. subject lo any matsrkl departuTes disclosed and explained in the )Inancial stalemenls., prepar6 the financial statements on the going conc8Tn b?si$ unless it is inappropriats lo presume that the charily wlll continue in operation. The Trustees a Tesponslble foi keeping adequate a¢¢ounting records that disclose with reasonable accuracy atany time Ihefinancial posilitsn ol the charitable company and lo enable them to ensure that the financial slalements Bomply wth the Companle5 Act 2006. They are also responsible for safeguarding tho assets of the Gharitable Gompany and hen for taking reasonable steps for thg preventlon and detection of fraud and other irroyulaiities. Statement of dtsGlosure to the audlÉors In so far as the trustees are aware at the time of approving our tru5tees' annual report: there rs no relevant audit informatlon, of which the charitable company's auditor is unaw8re.' and the trustees hav8 taken all tstsps that thèy ought lo have taken to make themselves aware of ar¢y relevant audit information and to establlsh that the auditor is aware of that informatlon. This report is prepared in ac¢o¥dance wrth the special provisions relating to small companlès within Part 15 Cil the Companles Act 2006. On behaw ot the Board Dr R Hanèl DATE: Signed on behatf of the Committee of Management
Collaboratlvg Internatlonal Pestt¢ldes Analytlcal Councll Llmlted Independent Audllor's Report to the Trustees For The Year Ended 31 DecÈmber 2024 Opinion We have audited Ihe financial statemenls of Collaborative Intemational Pesticides Analytical Council Limited (the '¢haritable company,) for the year énded 31 Decemb8r 2024 which compris8 the R8V8nu& Account. the Statement of Financial Aclivitl8S. the Balance Sheet and notes to the flnancial statements, including a summary of slgnificant accountlng pollcie5. The financlal reporung framework that has bgen applled In their prèparation Is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Repothng Stand8rf applicable in the UK and RgpubllG ol lTrland (United Kingdom Generally Accepled Accounting Practice). In our opinion the financlal 3t8tements'. give a true and fair vlew of the slate of the charitable company's 8ff8irs as 8t 31 December 2024, and of incomlng resources and application of resources, including its income and exp8nditure, for the year thèn ended- have b*n properly prepared in accordance wrth United Kingdom Gener811y Accepled Accounting Pract. and have been prepared in accordance with the requirements of the Companies Act 2006. Basi5 for opinion We Gonducted our audrf( in acttsrdance with Intemational Standards on Audlting (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards arÈ further described in the Audltor's responslbililles for the audit of the financial statements sectlon of our report. We are independent of the charllable company in accordance wlth the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other 6thical responsibilities in accordanGe with these requirements. We believe that the 8udft evlden¢e we have obtained is Sufficient and appropriat8 to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have ¢onGluded that the trjstees, use of the golng concem ba6is ol aontIng in th8 preparation of the financial statements is appropriate. B85ed on the work we have performed, we have not identled any material uncertainlles relating to events or conditions that, individually or collectively. may cast significart doubt on the charitable company'& ability to contlnue ag a golng concern for a period of at least twelve months from when the financial ststements are authorfsed for [Ue. our responsibilities and the rosponsibilitles of the trugte8S With respect to going ncern ate d8scrlbed in the relevant sections of Ihis report.
Collaboratlve International Pe$tlGldes Analytlcal Council Llmited Indapendent Audltor's Report to the Trustees Contlnued other infomiation The other infomiatlon comprlses the infomiation included in the trustees annual raport, other than the financial statements and our auditor's report. thereon. The trustees are responsible for the other Inform8Von contained wlthin the annual report. Our opinion on the finandal statements does not cover th8 Other infOatrOn and, exrEpt to the extent otherwise explicitly stalgd in our report, we do not expres8 any form of assurance conclusion thereon. QLtr responsibility Is to read the other Informatlon and, in doing so, consider whether the other information is maleri8lly inconsist8nt with th8 financial statements or our knowledge obtained in the course of the audit or othewse appears to be materially misstated. If we Identrfy such material inconsistencies or apparent material misstatements. we are requlred lo determine whether this gives rise to a material misstatement in the financial statements thgmselves. Ir, based on the work we have perfomied, we conclude that the is a mateAal mlsstatemeni of this other infonnation, we arg required lo r8POrt that fact. We have nothin9 to r8pori in thls reg8rd. Oplnlons on other matters prescribed by the Companles Act 2006 In our opinion, based on the worf< undertaken in the course of the audlt.. the Infomiatlon glven In Ihe Iruslee8' report {incorporating the directors, report) for the financial year for which the financial sta18m8nts are prepared is consistent with the financial statements,. and the directors, report has been prepared in accordance wtth applicable legal requirements. Matters on which wo are requlrèd to report by oxceptlon In the light of our knowledge and understanding of the charitable company and its environment obtalnéd In the course of the audit. we have not identified material misstatements in Ihe directors, report. We have nDthlng to report In respect of the following matters in relatton to whlch the Companies Act 2006 requires us to report to you rf. in our opinion: 8dequate accounting records have not been kepL or retums adequate for our audit have not been received from branches not visited by u5; or the financ181 statements are nol in agreement with the ac¢ounting records and returns: or certsin disclosures of directors, remuneration speCifd by law are not made; or we have not received au the infomiation and expianations we require for (MJr audlt or the trustees were not enlitled to prepare the flnanc4al statements In accordan with the small companies. regime and take advanlag8 of the small companies. exemption in preparing the directors, report.
Collaborative Intornatlonal Pestlcld&8 Analytical Councll Llmlted Independent Audltorfs Report to Ihe Trustee¥ Continued Responsibilitles of trustees As explalned mor8 fijlly In the trustees. résponsibilities statement set out on page 5. the trustees Iwho are also th8 diredors of the ch8ri1able company for the purposes of company law) s responsible for kne preparation of the flnancial stslements and for being satisfie{1 that th8y give a true and fair view. and for such inlarnal control as the Itee$ detemine 18 necessary to enable tha preparation of financial 81atements that are free from material misststemenl, whether due to fraud or error. In preparing tha financial statement8, the trugte88 are responsible for assessin9 the charltable company's ability lo continue as a going concern, disGloslng, as apF4icabl8, matters related to going concern and using tho going conc8rn basis of accounting unless the trustees either intend to liquidate the ¢haritabl8 company or to cease operations, or have no realists'c altemalive but to do so. Auditor'$ respon8ibFlStles for tho audFt of the flnancial staternents Our objectives are to obtain reasonable assurancè abt whether the finanaal stat8monts as wholè are froe from material mis8talem8nt, whether due to fraud or error, afid to Issue an auditor's report that Indudes our oplnlon. Reasonable assurance Is a high level of assurance bul is not a guarantee that an audit conductéd in accordance with ISAS (UK) will 8Kvay8 detect a material misstatement when it exists. Misstatements Gan arisu from fraud or error and are considered material if, individu811y or in the aggregat8, they could reasonably b8 expected to inffuence the 8conomic deusions of users taken on tha basis of these financial statements. Irregularities, including fraud, ar8 instances of non-complianc8 With laws and regulations. We doslgn procedures In line with our responsibilits'es, outlined above. to delect material misstatemonts in respect of Irregularities, Including fraud. The specific procedur88 for thls engagemenl and the extent to whiGh thes8 are capable of detecling irregularities. including fraud is detailed bglow: Explanation as to what extent the audlt was considered capable of detectlng irregularitl•$. includlng fraud We galned an understanding ofthe legal and regulatorytramework apph'cable lo the company and the industy in which it operate5 and considered the rfsk of acts by the eompany that were contrary to applicable laws and regulations, Induding fraud. These Induded, bul were not limited lo. th8 Companies Act 2006, Charities Aet 2011, Charitl8s SORP 2019 and tax 18gislation. We evaluated managemenvs incentives and opportunilios for fraudulont manipulation of the financial statements and the financial report {including the risk of overrtde of controls), and det¢miined the principal ri8ks were related to postlng Inappropriate entdes includ5ng joumals to overstate revenue or understatè gxpenditure and management bias in accounting estimates. Audrt procedur8s perfofmed by the 8ngagernent team included.. discussions with management. including considerations of knDwn or suspected Instances of non- compliance with laws and regulotions and fraud: gaining an understandiro of managemenvs control8 designed to prevent and detecl iriegularltles- and identrfying and testing Joumal onlrla8.
Collaborative Intomatlonal Pesticldes Analytlcal Councll Llmlted Indepondent Audltor's Report to thg TnBtees Conlinuod Owing to the inh@renl limilations of an audlt, there is an unavoidable Tisk that we fflay nol have detected some mater1 misstatements in the financial stalemgnts. even though we have PrOpeY planned and perfonned our audit accord8nce wth audrtsng standards. Forexample, the further removed non-compllance with laws an(f regulations (Srregularllesl is from the events and transadions reflecied in the financial slatÉm8nts, thè less likety the inherently limited procedures required by auditing standards would identify it. In addltlon, as wth any audit. there remained a higher rlsk of non4etection of irregularities, as these may involve collusion. forgery. intentional ornissions. misrepresentalrons, or the ovgrrido of intemal eontrols. We are not responsible for preventing non- Complian and cannot be expected to detect non-wmpliance wlth all laws ane regulallons. A fvrther description of our responsibilities is available on the FInan8[ Reporting Council's website al- https,'Il www.frc.org.uklaudilorsr6sponsibililies. This description foms part of our auditors report. Uso of our report Thls report Is madè solety to the Gharitable company's member5, as a body, In accordance whh Chapter 3 of Part 16 of the Companies Act 2006. Our audll work has been undertaken so that we might state to the charitable company's members those mallers we are qUired lo Stalg to thèm in an auditovs report arid for no other purpose. To the fvllost exl8nt permltled by law, we do not acceptor assume responsibility to anyone otherthan the d)aritablè cnmpany and th8 charitab18 company's mem opinions we have fonned. rs as a body, for our audit work, for this report. or forfhe Steve Robinson FCA (Seni tulory Audttorl for and on behalf of Mgrcer & Hole LLP Chartered Accountants Statutory Auditor The Pinnacle 170 Midsummer Boulevard Milton Keynes Bucks MK91BP D8te: i9_-1s
Collaboratlvo Intornatlonal P8sticlde8 Analytital C•)uncil Limlted Revenue Account For The Year Ended 31 Do¢ember 2024 2024 2023 Sales of handbooks, CD ROM8 and publl¢atlons Sponsorships 19,459 21.295 4.161 6.969 C05t of Sales Opening Stock Purchases Packnng and dispatch 808 858 3.435 545 3,353 Closing Stock 11,115 08 Surplus on handbooks. CD ROMS and pubiications 88.2° 20,820 63.7% 17,957 Admlnlstratlve Expènses Ttsvel and admlnlslralion expense8 Legal Consultants, costs Conferences Accountsncy Audlt fees Computerl Website Bad dabts Bank char98s and Irrt8reyt Deprgciallon 7,931 20,983 463 4.310 1.650 1.380 3,993 14,922 30 1.806 1.280 1.320 1.281 237 0ratIng IDoflcltVSurplu$ 113,8591 18,950) other Income and Expenses Interest recelvablo Interest rsceivable B8nk deposit Interest Surplus for the Year Continulng Operation8 None of the ch8rttys 8clivie$ were 8(4ulred or dlscontinued during the financial year. Total Recognised Galns and Losses The charfty ha5 no recognised gains or losses other Ihan the surplus for the financial year. The notes on pages 13 to 17 form part of these financial statements. io
Collaborative Internatlonal Pestlcidès Analytical Council Llmlted Stalement of Financial Activlties For Tho Year Ended 31 De¢ember 2024 Unreslrl¢ted Funds 2024 2023 Notes INCOME AND ENDOWMENT8 FROM: Charitable activili8s Donatlons and lega¢ies Investments 23.620 28.264 14,071 9.777 TOTAL 37,691 38.041 EXPENDITURE ON: Charitablo actlvitiO$ Trading expenditure Management and administration 2,800 34.679 10.307 26.907 TOTAL 37,479 37.214 Net kncotne and net movement In funds RECONCILIATION OF FUNDS Total funds brought forward 212 827 402,426 401,599 Total funds carried forward 402,638 402.426 Notes InGome from charftable aGtivtties conslsts of sales of handbooks, CD ROMS and publications and sponsorship net of VAT during the year. Trading expenditure includes all direct costs relating to the trading income. Administration expenditure indudes the remuneration of the audftor and general office costs. See note 3. Continulng Actlvltles None of the charity's aclivitias were au1red or discontinued during the financial year, The charity has no regJgnlsed galns or losses other ihan th8 results shown above for the financial year.
Collaborative Internatlonal Pesticidès Analyllcal Councll LimFted Balance Sheet As At 31 December 2024 2024 NDte5 2023 FIXED ASSETS T8ngible assets CURRENT ASSETS stocks Debtors Cash at bank and In hand 553 4,844 400,041 808 12,9T4 391.444 405,438 405,226 CREDITORS: amounts folling due within one year 10 NET CURRENT ASSETS 402 402 426 TOTAL NET ASSETS 402,638 402,426 UNRESTRICTED FUNDS 402 638 TOTAL CHARITY FUNDS 11 The flnancial statemen15 have been prepared In accordance with the FinanGial Reportlng standard (FRS 102) and the special provisions of the Companies Act 2006 relating to small mpanies. The financial statements were approved by the Trustees and signe¢J on their behalf by: Dr R Hanel Chaiman DATE". Tho notes on pages 13 10 17 form part of these financial slatern8nts 12
Collaboratlve Intomatlonal Pesti¢ideg Analytieal Coun¢il Llmited Notes lo the Flnan¢lal Ststements For The Yoar Endgd 31 Decembor 2024 Aeeounting Policios The followlng 8cc0unling policies have been applied Gonsistently in dealing with Items which are considered material in relalK)n to the financial stat6ments. 1.1 Basls of Praparatlon The financial statements have been prepared In accord8nce wtth Accounting and Reporting by Charilles= Statement of Recommended Practi applicable to tharities praparing their accounts in accordancé with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 1021 (effective 1 January 20191- (Charities SORP 2019 IFRS 102)). Update Bultetin 1, the Financial Reporting Standard applioble in the UK and Républic of Ireland IFRS 102) and the Companies Act 2006. Coll8borative International Pesticides Analytical Coundl Limited meets thg definrtson of a public benefit entlty under FRS 102. Assets and liabilities are I11[81[Y r6CQgnised at historical ¢05t or tfdnsaction value unless otherwise ststed in the relevant accounting policy note(s). 1.2 Golng concern At the lime of approving the financial statements, tha trustees have a reasonable expectation that the charity has 8dequat8 resources to continue in operational 8XlSten¢e for the foreseeable future. Thus thg trustees CannUe to adopt the going CanM basis of accounung In preparing the financial stalements. 1.3 Cash tl¢)w Thè accounts do not include a cash flow statement because th9 charlty Is not a larger charity as defined by the Charllies SORP FRS 102 and is therefore exempt from the requirement to prepare such a statement. 1.4 Income Income 15 recognlsed when the charity has entitlernent to the funds, any performance conditions attached to the rtemls) of income have been met. il is probable that the income will be received and the amount can be measured reliably. Incomè from the sale of handbooks, CD ROM3 and publicattons represents the invoiced amount of goods sold net of value added lax. 1.5 Fund Accounting General unrestricted funds comprlse accun7ulated surpluses and deficits which are available for use at the discrgtion of the Trustees in furtherance of the general Gharitable objedives. 1.6 Investments CIPAC Invests tts funds in a Bank Money Market Accounl. These fun(Js represent the net sale proGeed5 of CIPAC Handbook3 and CD ROMS after deducllng printing and carriag6 costs over approximately Ihirty years. The funds are kept in low risk inv8slrnents. r8flectlng the need to access funds al short nolice. 13
Collaboratlve Intematlonal Pastlcidos Analytl¢al Councll Llmlted Notes to the FwnanGial Statements Contlnu For The Ygar Endod 31 December 2024 A¢countlng Pollcles Continued rf.7 Expendlture and irrecoverable VAT Expenditure is recognised On there is a legal or constructive obligation to make a payment to a third party, it 1$ probable that settlement bwill be required and the amount of the obfigatlon can be measured rellabty. Irr8coverable VAT is charged as a st against the actlvlty for whlch the expenditure was incurred. 1.8 Deprociation of tanglble fixed assets Depreciation is provided on the following annual rates in order to writ& off each assgt over its useful lrfe. Office equipment Computer equipment 25% on cost 50% on cost 1.9 Stocks stocks are stated at the lower of costs and net realisable value. Net realisable value is based on the estlmated selllng prlce less further costs lo completion and disposal. 1.10 Debtors Trdde and other debtors are rewgnlsed at the settlement amount due after any trade dlscount offered. Prepayments are vafued at the amount prepaid n&t of any trado discounts du8. 1.11 Cash at bank and In hand Cash at bank and cash in hand includes cash and short tem hlghly Ilquid investments with a short maturity of Ihr88 months or less from the date of aul5[l10n or opening of the deposit or similar aceount. 1.12 Creditors and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a Ihlrd paty and Éhe amount due to settle the Dbligation can be measured or èslimatad reliably. Creditors and provigons are nomially recognised at their settlemenl amount after allowing for any trade dlscounts due. 1.13 Hnanclal Instruments The charity only has financial assets and financial liabflities of a kinii Ihat qualmy as ba51C ftnancial instruments. Basic finanGial inslrum8nts are Inltially recognised al transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 1.14 Remuneration of Tru5tee$ Tru61ees dtd not retve payments or remuneration dunng the year. Trustees, travelling and secretarial expenses Incurr when travelllng lo. or enga9ed upon. the buslnes5 of the charlty were relmbursed. 14
Collaboratlv• Internatlonal Pestlcldés Analytical Council Limited Notes to the Flnaficial Slatements Contlnued For The Year Ended 31 Docember 2024 Legal stat5 of the Charity The Gharity is a Gompany limited by guarantee in England within the United Kingdom and has no share capital. In the event of the charity being wound up, the liabllty In respeGt of Iho guarantee is limtted to £1 per member of the charity. Management and admlnlstration 2024 2023 Travel and administratlon Consultants, costs Bank charges Conf&ran¢es Governance costs - Auditors. r6muneration.' Audit Accounl8n¢y Bad debts Depreciation Computerl Website 7,931 463 30 4,310 20,983 1.806 237 1.380 1,650 14,922 1,320 1,28Q 3,993 1.281 34,679 26,907 Trustee remuneration and expenses. and the cost of key managemenl porsonnel The charlty trusteas were not paid or received any olher benefits from employment wlth the chaiity in the year {2023: £nil). Administration expenses include amounts totalling £7,931 which were reimbursed lo three Trustees for Iravel and secr8tari expenses (2023-. £12.197 to three Trustees}. No charity trusteo received payrnent for professional or other services supplied to the charity {2023.' £nil). The key management personnel of the charity comprise the trustees onty. The total employee benefits of the key managemenl porsonnel of the chanty were £nil 12023: £nil}. staff Numbers No staff were employed by the charity In the year (2023.- nil). Gorporation Taxation The tharity is 8x8mpl from tax on income and gains falling wrthin section 505 of the Taxes A¢t 1988 or s8ction 252 of th& Taxat¢on of Chargeable Gains Act 1992 to the extent Ihat these are 8pplied to its charitable objects. 15
Collaboratlve Intematlonal Pestlcldas Analytlcal Councll Llmited Notes to the Financlal Ststements Continued For The Yoar Endgd 31 D¢Gember 2024 Tanglble Fixed Assèts Office & computer Equipment Cost or valuatton., At 1 January 2024 Addition5 Disposals At 31 Decembar 2024 5,046 5,046 Depreclatlon: At 1 January 2024 Charge for year Disposals At 31 December 2024 5,046 5,046 Net book value: At 31 December 2024 Al 31 Dec8mber 2023 stocks 2024 2023 Books and CD ROM'S for resale 553 808 Doblors 2024 2023 Trade debtors Social secur¢ly and other taxes 12,298 676 259 4,844 12.974 16
Collaboratlve Int•mallonal Pestl¢lde3 Analytlcal Councll Llmited Notes to the Financlgr Statements Continued For The Year Ended 31 De¢6mber 2024 10. Credltors: amounts falling due within on8 year 2024 2023 Accruafs and deferred income 2.800 2.800 11. Unrestrlcted funds of tho ¢harlty Unrostri¢ted Funds Balance at 1 January 2024 Movements in funcjs for the year Balance at 31 December 2024 402,426 12 12. Related paty tran$actions Th&re were no transactions bethen the charitabl8 company and related partfes in the year. 17