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2022-03-31-accounts

Charity Registration No. 295911

Company Registration No. 02154580 (England and Wales)

THE BRITISH SOCIETY OF DOWSERS

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

THE BRITISH SOCIETY OF DOWSERS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr R Fry (President)
Mr C Cavendish
Mrs J Webber
Dr N Haywood
Charity number 295911
Company number 02154580
Registered office Wyche Innovation Centre
Walwyn Road
Upper Colwall
Malvern
Worcestershire
WR13 6PL
Independent Examiner Kendall Wadley LLP
Granta Lodge
71 Graham Road
Malvern
Worcestershire
WR14 2JS
Bankers Barclays Bank Plc
54 High Street
Worcester
WR1 2QQ

THE BRITISH SOCIETY OF DOWSERS

CONTENTS

Page
Trustees report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 17

THE BRITISH SOCIETY OF DOWSERS

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charitable company's memorandum and articles of association, the Companies Act 2006 and "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 (FRS102) 1A (as amended for accounting periods commencing from 1st January 2019).

INTRODUCTION AND EXECUTIVE SUMMARY

Introduction

British Dowsers is the working name of The British Society of Dowsers. Founded in 1933 it is a national charity offering education and training support to members and non-members through courses, meetings and events and through its annual national conference. In addition, British Dowsers acts as the voice for Dowsing in both the UK and beyond.

President's address 31 March 2022

Trustees and Volunteers

Our Council of management started 2021-22 with four Trustees: Graham Wayt as President, Jane Court as Treasurer and Vice President, Richard Fry as Vice President and Barbara Mastropirro as Trustee.

Due to Graham Wayt’s ill health, Richard Fry continued to act with the President’s delegated authority in order to support Graham until he recovered enough to return to his duties. This also allowed the Council to function in a more effective way and was in keeping with the Society’s governing document.

However, at the Annual General Meeting on 2nd October 2021 Graham Wayt retired as the President as he was unable to continue and was not seeking to be re-elected as a Trustee having served for a three year period. Jane Court, who had also served a full term of office for three years retired as Vice-President and Treasurer. Barbara Mastropirro resigned as a Trustee as she was in the process of relocating her home.

However, Jim Doyle, Jonquil Webber and Cornelius Cavendish were co-opted onto the Council on 15th September and Richard Fry was subsequently co-opted as President which enabled to Council to remain quorate. Nick Haywood was co-opted onto the Council on 7th January but unfortunately Jim Doyle had to resign due to personal reasons on 21st February.

We have continued to produce three editions of our magazine Dowsing Today and have been supported by our editor, Chris Taylor and proof readers, Jane Placca and Nick Haywood. A new volunteer, Trish Mills, has also stepped forward to assist who has had much experience in the publishing world. This has been timely as Chris was wishing to stand down at some point and Trish took over as editor in January.

THE BRITISH SOCIETY OF DOWSERS

TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

BSD Office

As a result of necessary cost saving exercises over the last number of years we now have only one member of staff employed at our office in Malvern who currently works on a part-time basis. However, the work involved in supporting the Society still exceeds our ability to pay for it and we are most grateful to the volunteers who assist us.

Although our website has been problematic for quite some time, we have now moved to a new website host. More importantly Nick Haywood has volunteered to assist with the maintenance and design of new features that will make it more attractive and useful for members to use. He has already planned how to post videos which will be available as ‘pay for view’ following our Symposium which is to be held in June and where the speakers will be recorded. This facility is for members and non-members but will also make a profit for the Society.

Covid -19

The Coronavirus pandemic continues to have a serious effect on us. First and foremost, we hope and pray that our members have been staying safe and well during this unprecedented time.

The main impact for the Society has been the postponement of our annual Symposium and Conference. We not only again lost revenue for this financial year because of lost ticket sales but also our shop sales have been reduced. Several training courses have also had to be cancelled.

However, as we come to the end of this financial reporting period, the outlook seems more promising as the Covid ‘19’ vaccination programme appears to allow more of the government restrictions to be lifted and the Symposium that we had planned for in March this year will now be held during June. We also hope to hold our Conference and AGM in September.

Tutor Programme

Since the BSD tutoring stopped operating a few years ago, there has been a need to review and revitalise the whole programme. Members of a new ‘education committee’ have been working on the best solution that will ensure any BSD courses will be taught to a high standard by Approved Tutors. The courses will also follow the original educational curriculum. Sue Skinner has volunteered to run a ‘pilot course’ starting on 2nd April and if successful the scheme will be rolled out to all previous Tutors and others who wish to join the Tutor Register.

In summary

We leave this financial year having experienced a downturn in activity due to the Covid ‘19’ pandemic but with a promising outlook for next year and beyond. We have substantial plans in place and more volunteers coming back into the fold to help make the Society great again. We also have new members on the Council who are just as determined as ever to repay the loyalty of those stalwart members who continue to support the Society throughout.

Richard Fry President

THE BRITISH SOCIETY OF DOWSERS

TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Trustees, who are also the directors for the purpose of company law, and who served during the year were: Mr R Fry (President) Mr C Cavendish (appointed 15/09/2021) Dr N Haywood (appointed 07/01/2022) Mrs J Webber (appointed15/09/2021) Mr G Wayt (resigned 02/10/2021) Ms J Court (retired 02/10/2021) Mr J Doyle (appointed 15/09/2021) (resigned 21/02/2022) Mrs B Mastropirro (resigned 02/10/2021)

Recruitment and appointment of members of the Council of Management

The directors of the company are also charity Trustees for the purpose of charity law and under the company's Articles are known as the Council of Management. Under the terms of the Memorandum and Articles of Association, Council members are required to be members of BSD and elected by members. The President is elected by members. The membership is invited to nominate candidates for any vacancies on the Council of Management. A range of relevant skills is represented on the Council but in the event of any perceived gaps in skills the Articles provide for co-option by Council to fill vacancies. New Trustees take part in an induction programme, in line with guidance issued by the Charity Commission.

Organisational structure

The Council meets regularly to review finances and investments and decide matters of policy. An Office Manager is appointed by the Council to run the day-to-day operations of the Society who is supported as required by additional members of staff. The remuneration of management is set by the Trustees.

Related parties

Please refer to note 17 of the accounts which discloses related party transactions.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed. The risk assessment has been reviewed and updated where appropriate and is used as a guide for Council to manage these risks.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are to encourage and support the study and practice of dowsing and its application in every field of human interest; to maintain a public dowsing information service, including a Register of Dowsing Practitioners and a Register of Dowsing Tutors; and to relieve communities, particularly those in less well developed countries, who are suffering hardship by reason of their economic and social circumstances, especially in relation to water supplies.

Public Benefit Statement

The charity's Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.

THE BRITISH SOCIETY OF DOWSERS

TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Grantmaking

Previously, the charity had a small research fund available for grant making. As of April 2016 the Charity Commission gave consent to change the objects of the fund and the balance was transferred to the Unrestricted fund.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The objectives of the charity have been achieved through a number of activities which can be summarised as follows:

Communications:

Education and Training:

Other Activities:

THE BRITISH SOCIETY OF DOWSERS

TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Reserves policy

The total amount of reserves held at the year end amounted to £55,329 (2021 £69,898) of which all related to unrestricted reserves, the charity did not hold any restricted funds as at the year end.

After making allowances for tangible fixed assets the free reserves of the charity amounted to £53,572 (2021 £67,283). This includes £54,336 (2021 £52,000) investment funds which are convertible at short notice if required.

The charity needs reserves invested at current levels, as represented by the unrestricted fund, and these need to be invested to generate income to supplement that from subscriptions, donations and activities in order to meet its objectives.

Principal funding sources

The charity is funded primarily through members' subscriptions, fees for meetings and conferences and the sale of educational books and equipment.

Investment policy and objectives

The Council of the charity invests in common investment funds with the aim of maintaining a balance between income and capital growth and to ensure secure management of the charity's assets. There are no restrictions on either the investment powers of the Council or the way in which the charity operates, except that they must be in furtherance of the charity's objectives and in accordance with the Memorandum and Articles of Association.

The Trustees report was approved by the Board of Trustees.

Mr R Fry

Dated: 14 December 2022

THE BRITISH SOCIETY OF DOWSERS

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE BRITISH SOCIETY OF DOWSERS

I report on the financial statements of the charity for the year ended 31 March 2022, which are set out on pages 7 to 17.

Respective responsibilities of Trustees and examiner

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no 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 company as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities

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.

Sarah Morley ACA

Kendall Wadley LLP

Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS

Dated: 14 December 2022

THE BRITISH SOCIETY OF DOWSERS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Total
funds
2022
Notes
£
£
Income from:
Voluntary Income
3
24,045
24,045
Charitable activities
4
11,711
11,711
Investments
5
2,072
2,072
Total income
37,828
37,828
Expenditure on:
Charitable activities
6
54,734
54,734
Total resources expended
54,734
54,734
Net (losses)/gains on investments
10
2,337
2,337
Net movement in funds
(14,569)
(14,569)
Fund balances at 1 April 2021
69,898
69,898
Fund balances at 31 March 2022
55,329
55,329		 Total
2021
£
42,299
6,290
1,237
49,826
49,598
49,598
7,848
8,076
61,822
69,898

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE BRITISH SOCIETY OF DOWSERS

BALANCE SHEET

AS AT 31 MARCH 2022

2022
Notes
£
Fixed assets
Tangible assets
11
Investments
12
Current assets
Stocks
13
2,150
Debtors
14
1,938
Cash at bank and in hand
7,041
11,129
Creditors: amounts falling due within
one year
15
(11,893)
Net current (liabilities)/assets
Total assets less current liabilities
Income funds
Unrestricted funds		 2021
£
£
1,757
54,336
56,093
2,424
3,118
21,742
27,284
(12,001)
(764)
55,329
55,329
55,329		 £
2,615
52,000
54,615
15,283
69,898
69,898
69,898

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006 relating to small companies, for the year ended 31 March 2022. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 December 2022 and are signed on its behalf by:

Mr R Fry

Trustee

Company Registration No. 02154580

THE BRITISH SOCIETY OF DOWSERS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Company information

The British Society of Dowsers is a private company limited by guarantee and was registered in England and Wales. The registered office Wyche Innovation Centre, Walwyn Road, Malvern, Worcestershire, WR13 6PL.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's trust deed, the Companies Act 2006 and “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)” 1A (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared on the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

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. The purposes are set out in the notes to the accounts.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business.

THE BRITISH SOCIETY OF DOWSERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is accounted for on a 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.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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

Computer equipment 33.33% on reducing balance Office equipment Straight line over 6 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/ (expenditure) for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured at cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

THE BRITISH SOCIETY OF DOWSERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

THE BRITISH SOCIETY OF DOWSERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Voluntary Income

Donations and gifts
COVID-19 government grant
Membership fees		 2022
£
2,777
-
21,268
24,045		 2021
£
6,408
10,000
25,891
42,299

4 Charitable activities

Meetings and conferences
Educational books and equipment		 2022
£
8,288
3,423
11,711		 2021
£
796
5,494
6,290
5 Investments
2022 2021
£ £
Income from listed investments 2,072 1,237

THE BRITISH SOCIETY OF DOWSERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

6 Charitable activities

Charitable
activities
Support
costs
£
£
Staff costs
-
3,403
Depreciation & impairment
-
858
Meetings & conferences
3,737
-
Educational books & equipment
989
-
Agency staff costs
14,709
-
19,435
4,261
Share of support costs (see note 8)
-
26,506
Share of governance costs (see note 8)
-
4,532
19,435
35,299
Analysis by fund
Unrestricted funds
19,435
35,299
19,435
35,299
For the year ended 31 March 2021
Unrestricted funds
5,614
43,984
5,614
43,984		 Total
2022
£
3,403
858
3,737
989
14,709
23,696
26,506
4,532
54,734
54,734
54,734		 Total
2021
£
18,584
1,262
544
2,106
2,964
25,460
19,931
4,207
49,598
49,598
49,598

7 Trustees

Trustees were paid £nil in relation to council meeting expenses for the year ended 31 March 2022 (2021 - £nil).

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 (2021 £nil).

THE BRITISH SOCIETY OF DOWSERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

8
Support costs
Support
costs
Governance
costs
£
£
Rent and Rates
7,821
-
Office Expenses
3,772
-
Postage
1,044
-
Stationery and advertising
938
-
Sundries
105
-
Journal and publishing costs
11,725
-
Credit card charges
1,101
-
Professional fees and insurance
-
2,611
Accountancy
-
1,921
26,506
4,532
Analysed between
Charitable activities
26,506
4,532		 2022
£
7,821
3,772
1,044
938
105
11,725
1,101
2,611
1,921
31,038
31,038		 2021 Basis of allocation
£
7,821
4,133
816
1,245
48
4,761
1,106
2,367 Governance
1,840 Governance
24,138
24,138

The above stated accountancy fee of £1,920 (2021 - £1,840) is inclusive of both independent examination and preparation of statutory accounts.

9 Employees

Number of employees

The average monthly number employees during the year was:

2022 2021
Number Number
Management and administration 1 1
Employment costs 2022 2021
£ £
Wages and salaries 3,304 18,000
Other pension costs 99 585
3,403 18,585

There were no employees whose annual remuneration was £60,000 or more.

THE BRITISH SOCIETY OF DOWSERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

10 Net gains/(losses) on investments

2022
£
Revaluation of investments
2,337
11
Tangible fixed assets
Computer
equipment
Office
equipment
£
£
Cost
At 1 April 2021
12,987
3,089
At 31 March 2022
12,987
3,089
Depreciation and impairment
At 1 April 2021
10,607
2,854
Depreciation charged in the year
793
65
At 31 March 2022
11,400
2,919
Carrying amount
At 31 March 2022
1,587
170
At 31 March 2021
2,380
235		 2021
£
7,848
Total
£
16,076
16,076
13,461
858
14,319
1,757
2,615

THE BRITISH SOCIETY OF DOWSERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

12
Fixed asset investments
Market value at beginning of year
Change in value in the year
Market value at end of year
Historical cost
13
Stocks
Books and equipment
14
Debtors
Amounts falling due within one year:
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2022
£
51,997
2,338
54,336
44,488
2022
£
2,150
2022
£
1,938
2022
£
59
1,376
6,623
3,835
11,893		 2021
£
44,152
7,848
52,000
44,488
2021
£
2,424
2021
£
3,118
2021
£
-
3,559
1,720
6,719
11,998

THE BRITISH SOCIETY OF DOWSERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

16 Analysis of net assets between funds

Unrestricted
£
Fund balances at 31 March 2022 are represented by:
Tangible assets
1,757
Investments
54,336
Current assets/(liabilities)
(764)
55,329
Fund balances at 31 March 2021 are represented by:
Tangible assets
2,615
Investments
52,000
Current assets/(liabilities)
15,283
69,898		 Total
£
1,757
54,336
(764)
55,329
2,615
52,000
15,283
69,898

17 Related party transactions

During the year Mr R Fry loaned the charity £5,000, the loan carries no interest and is repayable on demand.