**REGISTERED CHARITY NUMBER: 261800** 

## **REPORT OF THE TRUSTEES AND** 

**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **FOR** 

## **THE BRITISH GRASSLAND SOCIETY** 

Rose Rowland and Co Limited Chartered Accountants High Street Weaverham Northwich Cheshire CW8 3HA 



**THE BRITISH GRASSLAND SOCIETY** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** 

||**Page**|
|---|---|
|**Report of the Trustees**|1 to 7|
|**Independent Examiner's Report**|8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10|
|**Notes to the Financial Statements**|11 to 18|
|**Detailed Statement of Financial Activities**|19 to 20|





**THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

The trustees present their report and the unaudited financial statements of the charity for the year  ended 31 December 2022. 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objectives of the Charity are as follows: 

1. The improvement of economic methods of production and utilisation of grass and forage crops for the promotion of profitable agriculture. 

2. The advancement of education and research in grass and forage crop production and utilisation. Publication of the results of relevant research to an international audience via a quarterly Journal and academic symposia. 

3. Interpretation of research and active communication of improved methods of production and utilisation to the farming community. 

4. Promotion of grassland farming as an example of sustainable agriculture, which is environmentally benign and visually attractive, for the public benefit. 

5. Its Research and Development Committee represents members' interests to Government by responding to consultations and identifying priorities for research. 

## **Public benefit** 

The Trustees have considered the Public Benefit provided to the general public and relevant sector of the public which it serves and are satisfied that it meets the requirements of the Charity Commission.  In line with its objectives, the society aims to support sustainable grassland management and protection  of the environment for future farming generations and the general public. For the relevant sector of the public, benefits include: 

a) Providing information on the website and through interaction with the Press, open membership and membership fees which are subsidised by other activities and reduced rates for students and retired members; 

b) By holding some open events each year; 

c) By seeking sponsorship to subsidise conference and workshop fees; 

d) Through a bursary award scheme open to members and non-members; 

e) Contributing to government consultations on behalf of members; 

f) Offering publications below the cost of their production. 

Page 1 



**THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **ACHIEVEMENT AND PERFORMANCE** 

Recorded membership of the society at the end of 2022 totalled 408 compared with 416 on record in 2021. There were 30 resignations, including a number written off because of continued non-payment. New members in 2022 totalled 22, similar to the 27 new members who joined in 2021. Payments by Direct Debit continue to increase, with a number of standing order and invoice payees and new members moving to this method. Corporate membership increased by 3 companies from 15 to 18 during the year. There are 48 fully paid active affiliated societies on record in 2022. Together with  full members the network in total is currently estimated at 4000 people. 

In 2022, the Society returned an overall decrease in funds of £40,298 compared to a surplus in funds of £56,156 in 2021. The decrease was due to a fall in the investment value by £42,605. If we exclude  this then the society made a small surplus of £2,307 in 2022, compared to £15,393 in 2021. 

The overall staffing level at the end of 2022 remained at just over 2.1 FTE. The BGS office location at Dunston Business Village continued to work well during 2022. The location and space has allowed various meetings relating to BGS activities to take place on site. The ability to work flexibly remains in place through the various cloud based office systems. 

Following 2 years of COVID-19 disruption of normal BGS and industry events, 2022 was an opportunity to start to resume normal BGS activities and re-establish industry connections face to face. This included farm walks, the Summer Meeting and technical industry events 

BGS event activity summary during 2022: 

a) BGS attended The Royal Welsh Grassland Event that took place on 12th May 2022. The day included working machinery demonstrations, forage trial plots and representation from the grassland trade.  This was a very good networking opportunity for BGS. 

b) BGS attended ScotGrass on May 18 2022 at SRUC Crichton, Royal Farm, Dumfies. This provided an opportunity to raise the BGS profile within the Scottish grassland community. 

c) The BGS Grassland Farmer of the Year award winners farm walk was hosted by 2021 winner Marc Jones at Trefnant Hall, Berriew, near Welshpool in Powys on May 24th 2022. This was an excellent day with over 100 people attending the event. 

d) BGS attended the new Down to Earth event at The Farm, Longnor, Shrewsbury on June 15th 2022. This event focused on regenerative agriculture and was an opportunity for BGS to connect into a new network of growing interest. 

e) BGS sponsored the inaugural Carbon Calling event on the 25th of June 2022 at Kirkby Thorne,  near Penrith.  The farmer-led event focused on regenerative livestock farming. 

Page 2 



## **THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

f) After a break of two years the BGS Summer Meeting returned to an in person event between June 27th and June 29th 2022 in Northern Ireland. More than 150 delegates had the opportunity to see a fantastic range of systems over the course of three days. The event also incorporated the 2019 BGS Grassland Farmer of the Year Award winners farm walk, hosted by John Martin from Gordonall  Farm, Greyabbey, Co Down. 

g) BGS attended the NSA Sheep event in Malvern on the 27th July 2022. This was a good  opportunity to support the NSA and raise the profile of BGS. 

h) BGS attended the UK Dairy Day September on September 14th 2022. This was an opportunity  for BGS to renew and make new connections within the Dairy Industry. 

i) The BGS Grassland Farmer of the Year Awards took place on the evening November 1st 2022 at  the Royal Oak Hotel in Welshpool.  Aled and Owain Rees were announced as the 2022 winners. 

The journal Grass and Forage Science continues to be wholly online, with full BGS members offered log-in access. The journal continues to be co-edited by Dr Anjo Elgersma and Dr Kevin Smith. The new agreement between Wiley and BGS based on a royalty payment came to effect on the 1st of January 2022. The reason for this change are continued developments within the publishing environment such as open access, which puts increased pressure on pricing. This pressure is reflected in a reduced payment from the journal in 2022. 

Article downloads via Wiley Online Library increased by 3,086 from 95,593 in 2021 to 98,679 in  2022. The top five countries from which articles were downloaded in 2022 include: China (12.3%), the United States (10.0%), United Kingdom (7.8%), Brazil (7.5%), and Ireland (6.4%). In 2022 the United Kingdom and Ireland had an increase in downloads of 459 and 1066 respectively in comparison to 2021. 

The BGS Grazing Mentors project continued during 2022 with support from the AHDB Grass campaign. At the end of 2022, 31 farmers were taking part in the mentoring programme. This included 7 beef enterprises, 5 sheep enterprises, 5 dairy enterprises, 11 beef/sheep enterprises, 2  beef/dairy/sheep enterprises and 1 dairy/sheep enterprise. 

The BGS website www.britishgrassland.com continues to work well, further strengthening the  Society's profile, communication channels and accessibility. The website is updated regularly with content and information on BGS activities and acts as a hub for event bookings. The BGS YouTube channel launched in October 2021 continued to be updated during 2022 with new content. This has further helped to raise the profile of BGS events and activities and sharing knowledge. 

Work on joint activity with industry partners has continued during 2022 and has allowed the Society's profile to grow. The technological experience within the BGS team continues to grow. This offers significant opportunities to develop the society going forward with a blend of both in person and  virtual activity. It also offers the ability to share technical information through a variety of communication routes. 

Page 3 



## **THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

The Societies social media profile has continued to rise during 2022. At the end of the year the Society had 2708 followers on Twitter, up 117 from 2591 at the end of 2021. The BGS Facebook profile also increased to 3355 followers, up 210 from 3145 at the end of 2021. 

Working with the Herbage Grass and Clover Recommended List Project Board, the Society continues to promote the Recommended Grass and Clover Lists for England and Wales. Our profile also continues to be raised by committee activity with the Professional Nutrient Management Group and Championing the Farmed Environment. 

The Society seeks to work in partnership with many like-minded industry organisations, such as its corporate members, as well as not for profit organisations such as agricultural levy boards. Corporate membership remains important and the society continues to seek to interact and engage more actively with our existing members, as well as attracting potential new ones. Following a review of the corporate member package 2021 an updated package was launched in 2022. This generated new interest in corporate membership and 3 additional companies joined BGS during 2022 bringing the  total to 18. 

The Society uses the cloud-based Xero accounts system. The system continues to work well allowing work consolidation and streamlining of account management. There remains further opportunities for further development with regard to integration with the ACT! membership database. 

The Society uses the card payment systems iZettle and Stripe to ensure the security of card transactions. The systems allows card payments to be accepted remotely and in person at events. These systems ensure that BGS is compliant with the Payment Card Industry Data Security Standard. 

The Society receives untiring support from all segments of the membership and grassland community scientists, farmers, industry and advisors. Many give their time for free and work with dedication to achieve success. We are continually grateful for their efforts. 

The written policies for the running of the Society have all been reviewed by Trustees. 2022 continued to be challenging in terms of budget management. No income was drawn down from the investment portfolio during 2022. The Society will need to continue to look to develop alternative funding opportunities away from the investment portfolio and Journal. This will maintain the society in a strong position going forward, allowing future investment in activities supporting growth of the Society. 

The BGS investments are held in an Abrdn (formerly Standard Life) portfolio Wrap account administered by RDBIFS Ltd. Investment monitoring and management has been significantly improved allowing adjustments to the investments held if required at regular review meetings. This  has ensured a suitable risk/return-balanced portfolio in line with the BGS investment policy. 

Page 4 



**THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **FINANCIAL REVIEW** 

## **Financial position** 

In 2022 the total funds of the Society decreased by £40,298. This is arrived at by a surplus of £2,307 in the society's general operations, publication activities and organisation of meetings and events whilst the investments produced an unrealised loss of £42,605. At 31 December 2022 total investment funds were £495,189 compared with £537,795 at 31 December 2021. 

## Total Fund 

The Total Account relating to management and administration produced a deficit of £40,298  compared with a surplus of £56,156 in 2021. 

Total income increased by £19,833 compared with 2021. This resulted from an increase in income  from meetings and events of £30,838 and subscriptions and fees of £3,651 and a decrease in income from publications of £10,296 and other income of £4,175. Investment income decreased by £185 in the year. 

Total expenditure increased by £32,919 compared with 2021, as a result of increased overheads and direct costs. In particular a noticeable increase in meeting expenditure, due to events including the summer meeting coming back after Covid-19. 

The production of Society publications in various forms produced an income of £78,262 compared  with £88,558 in 2021. 

Net income from Grass and Forage Science totalled £64,526 compared with £75,838 in 2021. The publishers, Wiley, continue to explore and develop further extension of the publication via online facilities and expand into developing areas such as China and Brazil. The journal was co-edited by Dr Kevin Smith and by Dr Anjo Elgersma. 

## Bursary Award Fund 

No BGS bursary awards were made during 2022. However, Trustees are continuing to explore ways to utilise the surplus funds the Society now holds in the form of academic and non-academic awards. 

## **Investment policy and objectives** 

It is the policy of the Trustees to invest any surplus of resources available in order to achieve a level of return as considered acceptable by the Trustees. The investments held by the Society have been acquired in accordance with the powers of the Trustees. 

Page 5 



## **THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **FINANCIAL REVIEW** 

## **Reserves policy** 

The Trustees have considered the requirement for reserves held by the society and believe the optimum level of free reserves (those not invested in Tangible Fixed Assets) should be 18 months expenditure, with an absolute minimum of 1 year's expenditure, to cover the risks of the society relating to events, publications and obligations to staff and creditors. 

At 31st December 2022 reserves held total £773,023. The Trustees consider that total funds are sufficient to meet future financial obligations of the Society. A written policy on reserves has been agreed by the Trustees and is reviewed annually. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Charity is organised and run by an elected Council, who during their period in office are  recognised as Trustees of the Charity. The Trustees operate under the incorporated title of "The Trustees of the British Grassland Society" but the granting of this incorporated status by the Charity Commissioners does not alter the powers or liabilities of the individual Trustees to comply with the Charities Act  1993 as set out at the end of this report, and the Society remains an unincorporated association that is governed by its Constitution. Other societies with objectives in accordance with the British Grassland Society can become affiliated societies, and this should be encouraged for the benefit of the Society, its objectives and agriculture in general. 

The Council is supported by regional advisers to Council, other Committees formed for specific functions as and when the Trustees determine and affiliated local grassland societies in the UK. These committees comprise of Trustees and members of the Society co-opted in relation to the particular expertise required on these committees. Chairs of committees report to Council with  recommendations. Election of Trustees to Council is by nomination and then, if necessary, by vote at the Annual General Meeting. The Trustees are unpaid for services rendered to the Society. A new constitution was agreed in 2006, amended in 2009, and is approved by the Charity Commission for England and Wales. A further amendment was made following the 2018 AGM, when a proposal to reduce the period after which membership was terminated for non-payment of the subscription invoice was reduced to three months instead of six. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 

261800 

## **Principal address** 

Log Cabin 13b Dunston Business Village Stafford Road Dunston ST18 9AB 

Page 6 



**THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **Trustees** 

Dr P J Murray Honorary Treasurer Dr E Genever Honorary Secretary Mr R H Simpson Immediate Past President (resigned 28.6.22) Mr A King (resigned 28.6.22) Mr D McConnell Immediate Past President Mr P Muto Dr F V Crotty Dr E A Stockdale President Miss M G H Dawson Mr P P Cosgrave President Elect. (appointed 28.6.22) Mr L D Diepenbroek (appointed 28.6.22) 

## **Independent Examiner** 

Rose Rowland and Co Limited Chartered Accountants High Street Weaverham Northwich Cheshire CW8 3HA 

Approved by order of the board of trustees on 27th June 2023 and signed on its behalf by: 

Dr E A Stockdale - Trustee 

Page 7 



**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRITISH GRASSLAND SOCIETY** 

## **Independent examiner's report to the trustees of The British Grassland Society** 

I report to the charity trustees on my examination of the accounts of The British Grassland Society  (the Trust) for the year ended 31st December 2022. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in  accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content  of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to  which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Rosemary Rowland FCA 

Rose Rowland and Co Limited Chartered Accountants High Street Weaverham Northwich Cheshire CW8 3HA 

27th June 2023 

Page 8 



## **THE BRITISH GRASSLAND SOCIETY** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** 


**----- Start of picture text -----**<br>
31.12.22 31.12.21<br>Unrestricted Total<br>funds funds<br>Notes £ £<br>INCOME AND ENDOWMENTS FROM<br>Charitable activities<br>Meeting and events  48,460 17,622<br>Publication costs  78,262 88,558<br>Other  1,574 5,749<br>Subscriptions  40,626 36,975<br>Investment income  2 713 898<br>Total  169,635 149,802<br>EXPENDITURE ON<br>Charitable activities<br>Meeting and events  37,911 (7,448)<br>Publication costs  24,187 38,109<br>Other  105,230 103,748<br>Total  167,328 134,409<br>Net gains/(losses) on investments  (42,605) 40,763<br>NET INCOME/(EXPENDITURE)  (40,298) 56,156<br>RECONCILIATION OF FUNDS<br>Total funds brought forward  813,321 757,165<br>TOTAL FUNDS CARRIED<br>FORWARD  773,023 813,321<br>**----- End of picture text -----**<br>


The notes form part of these financial statements 

Page 9 



## **THE BRITISH GRASSLAND SOCIETY** 

## **BALANCE SHEET** 

## **31ST DECEMBER 2022** 


**----- Start of picture text -----**<br>
31.12.22 31.12.21<br>Unrestricted Total<br>funds funds<br>Notes £ £<br>FIXED ASSETS<br>Intangible assets  6 3,341 4,455<br>Tangible assets  7 1,031 1,133<br>Investments  8 495,189 537,795<br>499,561 543,383<br>CURRENT ASSETS<br>Debtors  9 83,056 81,385<br>Cash at bank  196,273 203,328<br>279,329 284,713<br>CREDITORS<br>Amounts falling due within one year  10 (5,867) (14,775)<br>NET CURRENT ASSETS  273,462 269,938<br>TOTAL ASSETS LESS CURRENT<br>LIABILITIES 773,023 813,321<br>NET ASSETS  773,023 813,321<br>FUNDS  11<br>Unrestricted funds  773,023 813,321<br>TOTAL FUNDS  773,023 813,321<br>**----- End of picture text -----**<br>


The financial statements were approved by the Board of Trustees and authorised for issue on 27th June 2023 and were signed on its behalf by: 

Dr E A Stockdale - Trustee 

The notes form part of these financial statements 

Page 10 



**THE BRITISH GRASSLAND SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **1. ACCOUNTING POLICIES** 

## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have  been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. 

## **INCOME** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **EXPENDITURE** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.  Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **TANGIBLE FIXED ASSETS** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Equipment - 25% on reducing balance 

## **TAXATION** 

The charity is exempt from tax on its charitable activities. 

## **FUND ACCOUNTING** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

continued... 

Page 11 



**THE BRITISH GRASSLAND SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **1. ACCOUNTING POLICIES - continued** 

## **PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS** 

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

## **2. INVESTMENT INCOME** 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|31.12.22|31.12.21|
|£|£|
|Deposit account interest|713|898|

**----- End of picture text -----**<br>


## **3. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31st December 2022 nor for the year ended 31st December 2021. 

## **TRUSTEES' EXPENSES** 

There were no trustees' expenses paid for the year ended 31st December 2022 nor for the year ended 31st December 2021. 

## **4. STAFF COSTS** 

The average monthly number of employees during the year was as follows: 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|31.12.22|31.12.21|
|Management|1|1|
|Administration|2|2|
|3|3|

**----- End of picture text -----**<br>


No employees received emoluments in excess of £60,000. 

continued... 

Page 12 



**REGISTERED CHARITY NUMBER: 261800** 

## **REPORT OF THE TRUSTEES AND** 

**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **FOR** 

## **THE BRITISH GRASSLAND SOCIETY** 

Rose Rowland and Co Limited Chartered Accountants High Street Weaverham Northwich Cheshire CW8 3HA 



**THE BRITISH GRASSLAND SOCIETY** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** 

||**Page**|
|---|---|
|**Report of the Trustees**|1 to 7|
|**Independent Examiner's Report**|8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10|
|**Notes to the Financial Statements**|11 to 18|
|**Detailed Statement of Financial Activities**|19 to 20|





**THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

The trustees present their report and the unaudited financial statements of the charity for the year  ended 31 December 2022. 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objectives of the Charity are as follows: 

1. The improvement of economic methods of production and utilisation of grass and forage crops for the promotion of profitable agriculture. 

2. The advancement of education and research in grass and forage crop production and utilisation. Publication of the results of relevant research to an international audience via a quarterly Journal and academic symposia. 

3. Interpretation of research and active communication of improved methods of production and utilisation to the farming community. 

4. Promotion of grassland farming as an example of sustainable agriculture, which is environmentally benign and visually attractive, for the public benefit. 

5. Its Research and Development Committee represents members' interests to Government by responding to consultations and identifying priorities for research. 

## **Public benefit** 

The Trustees have considered the Public Benefit provided to the general public and relevant sector of the public which it serves and are satisfied that it meets the requirements of the Charity Commission.  In line with its objectives, the society aims to support sustainable grassland management and protection  of the environment for future farming generations and the general public. For the relevant sector of the public, benefits include: 

a) Providing information on the website and through interaction with the Press, open membership and membership fees which are subsidised by other activities and reduced rates for students and retired members; 

b) By holding some open events each year; 

c) By seeking sponsorship to subsidise conference and workshop fees; 

d) Through a bursary award scheme open to members and non-members; 

e) Contributing to government consultations on behalf of members; 

f) Offering publications below the cost of their production. 

Page 1 



**THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **ACHIEVEMENT AND PERFORMANCE** 

Recorded membership of the society at the end of 2022 totalled 408 compared with 416 on record in 2021. There were 30 resignations, including a number written off because of continued non-payment. New members in 2022 totalled 22, similar to the 27 new members who joined in 2021. Payments by Direct Debit continue to increase, with a number of standing order and invoice payees and new members moving to this method. Corporate membership increased by 3 companies from 15 to 18 during the year. There are 48 fully paid active affiliated societies on record in 2022. Together with  full members the network in total is currently estimated at 4000 people. 

In 2022, the Society returned an overall decrease in funds of £40,298 compared to a surplus in funds of £56,156 in 2021. The decrease was due to a fall in the investment value by £42,605. If we exclude  this then the society made a small surplus of £2,307 in 2022, compared to £15,393 in 2021. 

The overall staffing level at the end of 2022 remained at just over 2.1 FTE. The BGS office location at Dunston Business Village continued to work well during 2022. The location and space has allowed various meetings relating to BGS activities to take place on site. The ability to work flexibly remains in place through the various cloud based office systems. 

Following 2 years of COVID-19 disruption of normal BGS and industry events, 2022 was an opportunity to start to resume normal BGS activities and re-establish industry connections face to face. This included farm walks, the Summer Meeting and technical industry events 

BGS event activity summary during 2022: 

a) BGS attended The Royal Welsh Grassland Event that took place on 12th May 2022. The day included working machinery demonstrations, forage trial plots and representation from the grassland trade.  This was a very good networking opportunity for BGS. 

b) BGS attended ScotGrass on May 18 2022 at SRUC Crichton, Royal Farm, Dumfies. This provided an opportunity to raise the BGS profile within the Scottish grassland community. 

c) The BGS Grassland Farmer of the Year award winners farm walk was hosted by 2021 winner Marc Jones at Trefnant Hall, Berriew, near Welshpool in Powys on May 24th 2022. This was an excellent day with over 100 people attending the event. 

d) BGS attended the new Down to Earth event at The Farm, Longnor, Shrewsbury on June 15th 2022. This event focused on regenerative agriculture and was an opportunity for BGS to connect into a new network of growing interest. 

e) BGS sponsored the inaugural Carbon Calling event on the 25th of June 2022 at Kirkby Thorne,  near Penrith.  The farmer-led event focused on regenerative livestock farming. 

Page 2 



## **THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

f) After a break of two years the BGS Summer Meeting returned to an in person event between June 27th and June 29th 2022 in Northern Ireland. More than 150 delegates had the opportunity to see a fantastic range of systems over the course of three days. The event also incorporated the 2019 BGS Grassland Farmer of the Year Award winners farm walk, hosted by John Martin from Gordonall  Farm, Greyabbey, Co Down. 

g) BGS attended the NSA Sheep event in Malvern on the 27th July 2022. This was a good  opportunity to support the NSA and raise the profile of BGS. 

h) BGS attended the UK Dairy Day September on September 14th 2022. This was an opportunity  for BGS to renew and make new connections within the Dairy Industry. 

i) The BGS Grassland Farmer of the Year Awards took place on the evening November 1st 2022 at  the Royal Oak Hotel in Welshpool.  Aled and Owain Rees were announced as the 2022 winners. 

The journal Grass and Forage Science continues to be wholly online, with full BGS members offered log-in access. The journal continues to be co-edited by Dr Anjo Elgersma and Dr Kevin Smith. The new agreement between Wiley and BGS based on a royalty payment came to effect on the 1st of January 2022. The reason for this change are continued developments within the publishing environment such as open access, which puts increased pressure on pricing. This pressure is reflected in a reduced payment from the journal in 2022. 

Article downloads via Wiley Online Library increased by 3,086 from 95,593 in 2021 to 98,679 in  2022. The top five countries from which articles were downloaded in 2022 include: China (12.3%), the United States (10.0%), United Kingdom (7.8%), Brazil (7.5%), and Ireland (6.4%). In 2022 the United Kingdom and Ireland had an increase in downloads of 459 and 1066 respectively in comparison to 2021. 

The BGS Grazing Mentors project continued during 2022 with support from the AHDB Grass campaign. At the end of 2022, 31 farmers were taking part in the mentoring programme. This included 7 beef enterprises, 5 sheep enterprises, 5 dairy enterprises, 11 beef/sheep enterprises, 2  beef/dairy/sheep enterprises and 1 dairy/sheep enterprise. 

The BGS website www.britishgrassland.com continues to work well, further strengthening the  Society's profile, communication channels and accessibility. The website is updated regularly with content and information on BGS activities and acts as a hub for event bookings. The BGS YouTube channel launched in October 2021 continued to be updated during 2022 with new content. This has further helped to raise the profile of BGS events and activities and sharing knowledge. 

Work on joint activity with industry partners has continued during 2022 and has allowed the Society's profile to grow. The technological experience within the BGS team continues to grow. This offers significant opportunities to develop the society going forward with a blend of both in person and  virtual activity. It also offers the ability to share technical information through a variety of communication routes. 

Page 3 



## **THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

The Societies social media profile has continued to rise during 2022. At the end of the year the Society had 2708 followers on Twitter, up 117 from 2591 at the end of 2021. The BGS Facebook profile also increased to 3355 followers, up 210 from 3145 at the end of 2021. 

Working with the Herbage Grass and Clover Recommended List Project Board, the Society continues to promote the Recommended Grass and Clover Lists for England and Wales. Our profile also continues to be raised by committee activity with the Professional Nutrient Management Group and Championing the Farmed Environment. 

The Society seeks to work in partnership with many like-minded industry organisations, such as its corporate members, as well as not for profit organisations such as agricultural levy boards. Corporate membership remains important and the society continues to seek to interact and engage more actively with our existing members, as well as attracting potential new ones. Following a review of the corporate member package 2021 an updated package was launched in 2022. This generated new interest in corporate membership and 3 additional companies joined BGS during 2022 bringing the  total to 18. 

The Society uses the cloud-based Xero accounts system. The system continues to work well allowing work consolidation and streamlining of account management. There remains further opportunities for further development with regard to integration with the ACT! membership database. 

The Society uses the card payment systems iZettle and Stripe to ensure the security of card transactions. The systems allows card payments to be accepted remotely and in person at events. These systems ensure that BGS is compliant with the Payment Card Industry Data Security Standard. 

The Society receives untiring support from all segments of the membership and grassland community scientists, farmers, industry and advisors. Many give their time for free and work with dedication to achieve success. We are continually grateful for their efforts. 

The written policies for the running of the Society have all been reviewed by Trustees. 2022 continued to be challenging in terms of budget management. No income was drawn down from the investment portfolio during 2022. The Society will need to continue to look to develop alternative funding opportunities away from the investment portfolio and Journal. This will maintain the society in a strong position going forward, allowing future investment in activities supporting growth of the Society. 

The BGS investments are held in an Abrdn (formerly Standard Life) portfolio Wrap account administered by RDBIFS Ltd. Investment monitoring and management has been significantly improved allowing adjustments to the investments held if required at regular review meetings. This  has ensured a suitable risk/return-balanced portfolio in line with the BGS investment policy. 

Page 4 



**THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **FINANCIAL REVIEW** 

## **Financial position** 

In 2022 the total funds of the Society decreased by £40,298. This is arrived at by a surplus of £2,307 in the society's general operations, publication activities and organisation of meetings and events whilst the investments produced an unrealised loss of £42,605. At 31 December 2022 total investment funds were £495,189 compared with £537,795 at 31 December 2021. 

## Total Fund 

The Total Account relating to management and administration produced a deficit of £40,298  compared with a surplus of £56,156 in 2021. 

Total income increased by £19,833 compared with 2021. This resulted from an increase in income  from meetings and events of £30,838 and subscriptions and fees of £3,651 and a decrease in income from publications of £10,296 and other income of £4,175. Investment income decreased by £185 in the year. 

Total expenditure increased by £32,919 compared with 2021, as a result of increased overheads and direct costs. In particular a noticeable increase in meeting expenditure, due to events including the summer meeting coming back after Covid-19. 

The production of Society publications in various forms produced an income of £78,262 compared  with £88,558 in 2021. 

Net income from Grass and Forage Science totalled £64,526 compared with £75,838 in 2021. The publishers, Wiley, continue to explore and develop further extension of the publication via online facilities and expand into developing areas such as China and Brazil. The journal was co-edited by Dr Kevin Smith and by Dr Anjo Elgersma. 

## Bursary Award Fund 

No BGS bursary awards were made during 2022. However, Trustees are continuing to explore ways to utilise the surplus funds the Society now holds in the form of academic and non-academic awards. 

## **Investment policy and objectives** 

It is the policy of the Trustees to invest any surplus of resources available in order to achieve a level of return as considered acceptable by the Trustees. The investments held by the Society have been acquired in accordance with the powers of the Trustees. 

Page 5 



## **THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **FINANCIAL REVIEW** 

## **Reserves policy** 

The Trustees have considered the requirement for reserves held by the society and believe the optimum level of free reserves (those not invested in Tangible Fixed Assets) should be 18 months expenditure, with an absolute minimum of 1 year's expenditure, to cover the risks of the society relating to events, publications and obligations to staff and creditors. 

At 31st December 2022 reserves held total £773,023. The Trustees consider that total funds are sufficient to meet future financial obligations of the Society. A written policy on reserves has been agreed by the Trustees and is reviewed annually. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Charity is organised and run by an elected Council, who during their period in office are  recognised as Trustees of the Charity. The Trustees operate under the incorporated title of "The Trustees of the British Grassland Society" but the granting of this incorporated status by the Charity Commissioners does not alter the powers or liabilities of the individual Trustees to comply with the Charities Act  1993 as set out at the end of this report, and the Society remains an unincorporated association that is governed by its Constitution. Other societies with objectives in accordance with the British Grassland Society can become affiliated societies, and this should be encouraged for the benefit of the Society, its objectives and agriculture in general. 

The Council is supported by regional advisers to Council, other Committees formed for specific functions as and when the Trustees determine and affiliated local grassland societies in the UK. These committees comprise of Trustees and members of the Society co-opted in relation to the particular expertise required on these committees. Chairs of committees report to Council with  recommendations. Election of Trustees to Council is by nomination and then, if necessary, by vote at the Annual General Meeting. The Trustees are unpaid for services rendered to the Society. A new constitution was agreed in 2006, amended in 2009, and is approved by the Charity Commission for England and Wales. A further amendment was made following the 2018 AGM, when a proposal to reduce the period after which membership was terminated for non-payment of the subscription invoice was reduced to three months instead of six. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 

261800 

## **Principal address** 

Log Cabin 13b Dunston Business Village Stafford Road Dunston ST18 9AB 

Page 6 



**THE BRITISH GRASSLAND SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **Trustees** 

Dr P J Murray Honorary Treasurer Dr E Genever Honorary Secretary Mr R H Simpson Immediate Past President (resigned 28.6.22) Mr A King (resigned 28.6.22) Mr D McConnell Immediate Past President Mr P Muto Dr F V Crotty Dr E A Stockdale President Miss M G H Dawson Mr P P Cosgrave President Elect. (appointed 28.6.22) Mr L D Diepenbroek (appointed 28.6.22) 

## **Independent Examiner** 

Rose Rowland and Co Limited Chartered Accountants High Street Weaverham Northwich Cheshire CW8 3HA 

Approved by order of the board of trustees on 27th June 2023 and signed on its behalf by: 

Dr E A Stockdale - Trustee 

Page 7 



**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRITISH GRASSLAND SOCIETY** 

## **Independent examiner's report to the trustees of The British Grassland Society** 

I report to the charity trustees on my examination of the accounts of The British Grassland Society  (the Trust) for the year ended 31st December 2022. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in  accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content  of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to  which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Rosemary Rowland FCA 

Rose Rowland and Co Limited Chartered Accountants High Street Weaverham Northwich Cheshire CW8 3HA 

27th June 2023 

Page 8 



## **THE BRITISH GRASSLAND SOCIETY** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** 


**----- Start of picture text -----**<br>
31.12.22 31.12.21<br>Unrestricted Total<br>funds funds<br>Notes £ £<br>INCOME AND ENDOWMENTS FROM<br>Charitable activities<br>Meeting and events  48,460 17,622<br>Publication costs  78,262 88,558<br>Other  1,574 5,749<br>Subscriptions  40,626 36,975<br>Investment income  2 713 898<br>Total  169,635 149,802<br>EXPENDITURE ON<br>Charitable activities<br>Meeting and events  37,911 (7,448)<br>Publication costs  24,187 38,109<br>Other  105,230 103,748<br>Total  167,328 134,409<br>Net gains/(losses) on investments  (42,605) 40,763<br>NET INCOME/(EXPENDITURE)  (40,298) 56,156<br>RECONCILIATION OF FUNDS<br>Total funds brought forward  813,321 757,165<br>TOTAL FUNDS CARRIED<br>FORWARD  773,023 813,321<br>**----- End of picture text -----**<br>


The notes form part of these financial statements 

Page 9 



## **THE BRITISH GRASSLAND SOCIETY** 

## **BALANCE SHEET** 

## **31ST DECEMBER 2022** 


**----- Start of picture text -----**<br>
31.12.22 31.12.21<br>Unrestricted Total<br>funds funds<br>Notes £ £<br>FIXED ASSETS<br>Intangible assets  6 3,341 4,455<br>Tangible assets  7 1,031 1,133<br>Investments  8 495,189 537,795<br>499,561 543,383<br>CURRENT ASSETS<br>Debtors  9 83,056 81,385<br>Cash at bank  196,273 203,328<br>279,329 284,713<br>CREDITORS<br>Amounts falling due within one year  10 (5,867) (14,775)<br>NET CURRENT ASSETS  273,462 269,938<br>TOTAL ASSETS LESS CURRENT<br>LIABILITIES 773,023 813,321<br>NET ASSETS  773,023 813,321<br>FUNDS  11<br>Unrestricted funds  773,023 813,321<br>TOTAL FUNDS  773,023 813,321<br>**----- End of picture text -----**<br>


The financial statements were approved by the Board of Trustees and authorised for issue on 27th June 2023 and were signed on its behalf by: 

Dr E A Stockdale - Trustee 

The notes form part of these financial statements 

Page 10 



**THE BRITISH GRASSLAND SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **1. ACCOUNTING POLICIES** 

## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have  been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. 

## **INCOME** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **EXPENDITURE** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.  Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **TANGIBLE FIXED ASSETS** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Equipment - 25% on reducing balance 

## **TAXATION** 

The charity is exempt from tax on its charitable activities. 

## **FUND ACCOUNTING** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

continued... 

Page 11 



**THE BRITISH GRASSLAND SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **1. ACCOUNTING POLICIES - continued** 

## **PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS** 

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

## **2. INVESTMENT INCOME** 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|31.12.22|31.12.21|
|£|£|
|Deposit account interest|713|898|

**----- End of picture text -----**<br>


## **3. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31st December 2022 nor for the year ended 31st December 2021. 

## **TRUSTEES' EXPENSES** 

There were no trustees' expenses paid for the year ended 31st December 2022 nor for the year ended 31st December 2021. 

## **4. STAFF COSTS** 

The average monthly number of employees during the year was as follows: 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|31.12.22|31.12.21|
|Management|1|1|
|Administration|2|2|
|3|3|

**----- End of picture text -----**<br>


No employees received emoluments in excess of £60,000. 

continued... 

Page 12 



**THE BRITISH GRASSLAND SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** 


**----- Start of picture text -----**<br>
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES<br>Unrestrict<br>funds<br>£<br>INCOME AND ENDOWMENTS FROM<br>Charitable activities<br>Meeting and events  17,622<br>Publication costs  88,558<br>Other  5,749<br>Subscriptions  36,975<br>Investment income  898<br>Total  149,802<br>EXPENDITURE ON<br>Charitable activities<br>Meeting and events  (7,448)<br>Publication costs  38,109<br>Other  103,748<br>Total  134,409<br>Net gains on investments  40,763<br>NET INCOME  56,156<br>RECONCILIATION OF FUNDS<br>Total funds brought forward  757,165<br>TOTAL FUNDS CARRIED<br>FORWARD  813,321<br>**----- End of picture text -----**<br>


continued... 

Page 13 



**THE BRITISH GRASSLAND SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** 


**----- Start of picture text -----**<br>
6. INTANGIBLE FIXED ASSETS<br>Website<br>£<br>COST<br>At 1st January 2022 and<br>31st December 2022  21,935<br>AMORTISATION<br>At 1st January 2022  17,480<br>Charge for year  1,114<br>At 31st December 2022  18,594<br>NET BOOK VALUE<br>At 31st December 2022  3,341<br>At 31st December 2021  4,455<br>7. TANGIBLE FIXED ASSETS<br>Equipmen<br>£<br>COST<br>At 1st January 2022  32,165<br>Additions  242<br>At 31st December 2022  32,407<br>DEPRECIATION<br>At 1st January 2022  31,032<br>Charge for year  344<br>At 31st December 2022  31,376<br>NET BOOK VALUE<br>At 31st December 2022  1,031<br>At 31st December 2021  1,133<br>**----- End of picture text -----**<br>


continued... 

Page 14 



**THE BRITISH GRASSLAND SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **8. FIXED ASSET INVESTMENTS** 

|**MARKET VALUE**<br>At 1st January 2022<br>Revaluations<br>At 31st December 2022<br>**NET BOOK VALUE**<br>At 31st December 2022<br>At 31st December 2021<br>There were no investment assets outside the UK.<br>Cost or valuation at 31st December 2022 is represented by:<br>Valuation in 2021<br>Valuation in 2022|**Listed**<br>**investment**<br>**£**<br>537,795<br>(42,606)<br>495,189<br>495,189<br>537,795<br>**Listed**<br>**investment**<br>**£**<br>537,795<br>(42,606)<br>495,189|
|---|---|



All investments shown above are at market value. 

continued... 

Page 15 



## **THE BRITISH GRASSLAND SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** 

|**9.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>VAT<br>Prepayments and accrued income<br>**10.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade creditors<br>Taxation and social security<br>Other creditors<br>**11.**<br>**MOVEMENT IN FUNDS**<br>**At 1.1.22**<br>**£**<br>**Unrestricted funds**<br>General fund<br>797,951<br>Bursary award<br>15,370<br>813,321<br>**TOTAL FUNDS**<br>813,321|**31.12.22**<br>**£**<br>14,042<br>1,689<br>67,325<br>83,056<br> <br>**31.12.22**<br>**£**<br>1,708<br>1,617<br>2,542<br>5,867<br>**Net**<br>**movement**<br>**in funds**<br>**£**<br>(40,298)<br>-<br>(40,298)<br>(40,298)|**31.12.21**<br>**£**<br>997<br>-<br>80,388<br>81,385<br>**31.12.21**<br>**£**<br>8,514<br>3,695<br>2,566<br>14,775<br>**At**<br>**31.12.22**<br>**£**<br>757,653<br>15,370<br>773,023<br>773,023|
|---|---|---|



Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|**Incoming**<br>**resources**<br>**£**<br>169,635<br>169,635|**Resources**<br>**expended**<br>**£**<br>(167,328)<br>(167,328)|**Gains and**<br>**Movement**<br>**losses**<br>**in funds**<br>**£**<br>**£**<br>(42,605)<br>(40,298)<br>(42,605)<br>(40,298)|
|---|---|---|---|



continued... 

Page 16 



**THE BRITISH GRASSLAND SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **11. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>Bursary award<br>**TOTAL FUNDS**|**At 1.1.21**<br>**£**<br>741,795<br>15,370<br>757,165<br>757,165|**Net**<br>**movement**<br>**in funds**<br>**£**<br>56,156<br>-<br>56,156<br>56,156|**At**<br>**31.12.21**<br>**£**<br>797,951<br>15,370<br>813,321<br>813,321|
|---|---|---|---|



Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|**Incoming**<br>**resources**<br>**£**<br>149,802<br>149,802|**Resources**<br>**expended**<br>**£**<br>(134,409)<br>(134,409)|**Gains and**<br>**Movement**<br>**losses**<br>**in funds**<br>**£**<br>**£**<br>40,763<br>56,156<br>40,763<br>56,156|
|---|---|---|---|



A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**<br>General fund<br>Bursary award<br>**TOTAL FUNDS**|**At 1.1.21**<br>**£**<br>741,795<br>15,370<br>757,165<br>757,165|**Net**<br>**movement**<br>**in funds**<br>**£**<br>15,858<br>-<br>15,858<br>15,858|**At**<br>**31.12.22**<br>**£**<br>757,653<br>15,370<br>773,023<br>773,023|
|---|---|---|---|



continued... 

Page 17 



**THE BRITISH GRASSLAND SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** 

## **11. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|**Incoming**<br>**resources**<br>**£**<br>319,437<br>319,437|**Resources**<br>**expended**<br>**£**<br>(301,737)<br>(301,737)|**Gains and**<br>**Movement**<br>**losses**<br>**in funds**<br>**£**<br>**£**<br>(1,842)<br>15,858<br>(1,842)<br>15,858|
|---|---|---|---|



## **12. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31st December 2022. 

Page 18 



**THE BRITISH GRASSLAND SOCIETY** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** 

|**INCOME AND ENDOWMENTS**<br>**Investment income**<br>Deposit account interest<br>**Charitable activities**<br>Publications<br>Subscriptions and fees<br>Meetings and events<br>Demonstrating and events<br>Grants<br>Other income|**31.12.22**<br>**£**<br>713<br>78,262<br>40,626<br>36,755<br>11,580<br>-<br>1,699|**31.12.21**<br>**£**<br>898<br>88,558<br>36,975<br>4,122<br>10,500<br>5,017<br>3,732|
|---|---|---|
||168,922|148,904|
|**Total incoming resources**<br>**EXPENDITURE**<br>**Charitable activities**<br>Publication costs<br>Meeting and events|169,635<br>24,187<br>37,911|149,802<br>30,609<br>1,708|
||62,098|32,317|
|**Support costs**|||
|**Governance costs**|||
|Wages|73,515|71,490|
|Social security|1,743|2,414|
|Pensions|2,941|2,860|
|Auditors' remuneration for non audit|||
|work|2,445|2,296|
|Cost of council|2,131|-|
|Office costs|20,997|21,170|
|Carried forward|103,772|100,230|



This page does not form part of the statutory financial statements 

Page 19 



## **THE BRITISH GRASSLAND SOCIETY** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** 


**----- Start of picture text -----**<br>
31.12.22 31.12.21<br>£ £<br>Governance costs<br>Brought forward  103,772 100,230<br>Amortisation of intangible fixed assets  1,114 1,485<br>Depreciation of tangible fixed assets  344 377<br>105,230 102,092<br>Total resources expended  167,328 134,409<br>Net income before gains and losses  2,307 15,393<br>Realised recognised gains and losses<br>Realised gains/(losses) on fixed asset<br>investments  (42,605) 40,763<br>Net (expenditure)/income  (40,298) 56,156<br>**----- End of picture text -----**<br>


This page does not form part of the statutory financial statements 

Page 20