REGISTERED CHARITY NUMBER: 263156
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2022
FOR
BRITISH WATERFOWL ASSOCIATION
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
BRITISH WATERFOWL ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
BRITISH WATERFOWL ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 30th September 2022. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 263156
Principal address
81 Browning Road Ledbury Herefordshire HR8 2GA
Trustees
Mrs B Burman Mr J Burrell (resigned 1.1.22) Mr G Chase Mr O Llyr Davies Mr T Davis Mr R Hedges Mrs J Waller Mrs M Jones Mr I Parrish Mr S James (resigned 18.7.22) Mr M Rubery Mr E Giles (appointed 1.10.21) Mr L Millward (appointed 1.4.22)
Patrons
Mr J Richards Mrs R Sharpe
Independent Examiner
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr R Hedges - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH WATERFOWL ASSOCIATION
Independent examiner's report to the trustees of British Waterfowl Association
I report to the charity trustees on my examination of the accounts of British Waterfowl Association (the Trust) for the year ended 30th September 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
D B Foot FCA Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
Date: .............................................
Page 2
BRITISH WATERFOWL ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2022
| 30.9.22 | 30.9.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 16,237 | 15,429 | |
| Other trading activities | 2 | 9,031 | 5,339 |
| Investment income | 3 | 1,050 | 902 |
| Total | 26,318 | 21,670 | |
| EXPENDITURE ON | |||
| Raising funds | 4 | 27,715 | 23,234 |
| NET INCOME/(EXPENDITURE) | (1,397) | (1,564) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 27,410 | 28,314 | |
| TOTAL FUNDS CARRIED FORWARD | 26,013 | 26,750 |
Surplus and Deficit Account 968
Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968.
| Unrestricted | ||
|---|---|---|
| funds | Total funds | |
| £ | £ | |
| Brought forward - 968/1 | 27,410 | 27,410 |
| Carried forward | 26,750 | 26,750 |
| Difference | (660) | (660) |
Post to relevant accounts (see UCHA chart of accounts for further details)
The notes form part of these financial statements
Page 3
BRITISH WATERFOWL ASSOCIATION
BALANCE SHEET
30TH SEPTEMBER 2022
| 30.9.22 | 30.9.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 2,473 | 2,473 |
| Investments | 7 | 14,699 | 14,699 |
| 17,172 | 17,172 | ||
| CURRENT ASSETS | |||
| Stocks | 8 | 1,086 | 1,010 |
| Debtors | 9 | 1,737 | 1,588 |
| Cash at bank and in hand | 6,018 | 7,703 | |
| 8,841 | 10,301 | ||
| CREDITORS | |||
| Amounts falling due within one year | 10 | - | (660) |
| NET CURRENT ASSETS | 8,841 | 9,641 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 26,013 | 26,813 | |
| ACCRUALS AND DEFERRED INCOME | 11 |
- | (63) |
| NET ASSETS | 26,013 | 26,750 | |
| FUNDS | 12 | ||
| Unrestricted funds | 26,013 | 26,750 | |
| TOTAL FUNDS | 26,013 | 26,750 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr R Hedges - Trustee
The notes form part of these financial statements
Page 4
BRITISH WATERFOWL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 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.
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
Tangible fixed assets are reflected at cost and are not depreciated.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 30.9.22 | 30.9.21 | |
| £ | £ | |
| Open days & events | 848 | 1,560 |
| Exhibitions | 4,621 | 772 |
| Publications | 917 | 1,580 |
| Website | 325 | 305 |
| Merchandise | 2,320 | 1,022 |
| Sponsorship | - | 100 |
| 9,031 | 5,339 |
Page 5
BRITISH WATERFOWL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2022
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 30.9.22 | 30.9.21 | |
| £ | £ | |
| Dividends M&G | 1,047 | 901 |
| Deposit account interest | 3 | 1 |
| 1,050 | 902 |
4. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 30.9.22 | 30.9.21 | |
| £ | £ | |
| Exhibitions | 3,560 | 284 |
| Publications | 3,918 | 5,731 |
| Marketing | 981 | 122 |
| Open days and events | 303 | 720 |
| Employee costs | 12,022 | 11,561 |
| General admin | 4,425 | 2,592 |
| Expenses | - | 971 |
| Merchandise | 980 | 60 |
| Bank charges | 246 | 330 |
| Donation | 100 | 186 |
| Other show rosettes | 118 | 17 |
| Council Expenses | 372 | - |
| Support costs | 690 | 660 |
| 27,715 | 23,234 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th September 2022 nor for the year ended 30th September 2021.
Trustees' expenses
Expenses paid to the trustees during the year ended 30th September 2022 were £nil (2021 £1,380 to 1 trustee). One trustee donated expenses back to the Association totalling £1,380 (2021 £1,380 by 1 trustees).
6. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Fixtures | |
| and | |
| fittings | |
| £ | |
| COST | |
| At 1st October 2021 and | |
| 30th September 2022 | 2,473 |
| NET BOOK VALUE | |
| At 30th September 2022 | 2,473 |
| At 30th September 2021 | 2,473 |
Page 6
BRITISH WATERFOWL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022
7. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | ||
|---|---|---|
| 30.9.22 | 30.9.21 | |
| £ | £ | |
| Other | 14,699 | 14,699 |
There were no investment assets outside the UK. The market value of the investments at 30th September 2022 was £44,960 (2021 £48,894).
Investments (neither listed nor unlisted) were as follows:
| 30.9.22 | 30.9.21 | |||
|---|---|---|---|---|
| £ | £ | |||
| Listed investments | 14,699 | 14,699 | ||
| 8. | STOCKS | |||
| 30.9.22 | 30.9.21 | |||
| £ | £ | |||
| Stocks | 1,086 | 1,010 | ||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.9.22 | 30.9.21 | |||
| £ | £ | |||
| Other debtors | 1,737 | 1,588 | ||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.9.22 | 30.9.21 | |||
| £ | £ | |||
| Other creditors | - | 660 | ||
| 11. | ACCRUALS AND DEFERRED INCOME | |||
| 30.9.22 | 30.9.21 | |||
| £ | £ | |||
| Accruals and deferred income | - | 63 | ||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.10.21 | in funds | 30.9.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 27,410 | (1,397) | 26,013 | |
| TOTAL FUNDS | 27,410 | (1,397) | 26,013 |
Page 7
BRITISH WATERFOWL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2022
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 26,318 | (27,715) | (1,397) | |
| TOTAL FUNDS | 26,318 | (27,715) | (1,397) |
Comparatives for movement in funds
| Net | ||||
|---|---|---|---|---|
| At | movement | At | ||
| 1.10.20 | in funds | 30.9.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 28,314 | (1,564) | 26,750 | |
| TOTAL FUNDS | 28,314 | (1,564) | 26,750 | |
| Comparative net movement in funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 21,670 | (23,234) | (1,564) | |
| TOTAL FUNDS | 21,670 | (23,234) | (1,564) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1.10.20 in funds 30.9.22 £ £ £ 28,314 (2,961) 25,353 28,314 (2,961) 25,353 |
|---|---|
Page 8
BRITISH WATERFOWL ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022
12. 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:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 47,988 | (50,949) | (2,961) |
| TOTAL FUNDS | 47,988 | (50,949) | (2,961) |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th September 2022.
Page 9
BRITISH WATERFOWL ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2022
| 30.9.22 | 30.9.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Trustee donations | 375 | 895 |
| Donations | 2,356 | 2,584 |
| Gift aid | 1,812 | 1,820 |
| Subscriptions | 11,694 | 10,130 |
| 16,237 | 15,429 | |
| Other trading activities | ||
| Open days & events | 848 | 1,560 |
| Exhibitions | 4,621 | 772 |
| Publications | 917 | 1,580 |
| Website | 325 | 305 |
| Merchandise | 2,320 | 1,022 |
| Sponsorship | - | 100 |
| 9,031 | 5,339 | |
| Investment income | ||
| Dividends M&G | 1,047 | 901 |
| Deposit account interest | 3 | 1 |
| 1,050 | 902 | |
| Total incoming resources | 26,318 | 21,670 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Exhibitions | 3,560 | 284 |
| Publications | 3,918 | 5,731 |
| Marketing | 981 | 122 |
| Open days and events | 303 | 720 |
| Employee costs | 12,022 | 11,561 |
| General admin | 4,425 | 2,592 |
| Expenses | - | 971 |
| Merchandise | 980 | 60 |
| Bank charges | 246 | 330 |
| Donation | 100 | 186 |
| Other show rosettes | 118 | 17 |
| Council Expenses | 372 | - |
| 27,025 | 22,574 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 690 | 660 |
This page does not form part of the statutory financial statements
Page 10
BRITISH WATERFOWL ASSOCIATION
| Total resources expended Net expenditure |
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2022 30.9.22 30.9.21 £ £ 27,715 23,234 (1,397) (1,564) |
|---|---|
This page does not form part of the statutory financial statements
Page 11