Registration number 02516635 Charity number 328717 The Society of Wildlife Artlsts Limlted Dlrectors. report and unaudited financlal statements for tha year ended 31 December 2023
The Soclety of Wildlife Artists Limited Company Infomiation Directors RR Greenhalf CA Rose M Angus H Mead Secretary J Foker Company number 02516635 Charity number 328717 Registered office clo Federation of British Artists 17 Carlton House Terra London SW1Y 5BD
The Society of Wildlife Artists Limited Contents Page Directors. report Accountants report Profit and loss account Balance sheet 4&5 Notes to the financlal statements 6&7
The Society of Wlldlife Artists Limited Directors. report for the year ended 31 December 2023 The directors presents their report and the financial statements for the year ended 31 December 2023 Principal actlvity The principal activity of the company in the year under review was that of advancing public appreciation of works of art depicting wildlife, to pursue charitable work via the Bursary Scheme and to continue with our educational work. Directors The directors who served during the year are as stated below". RR Greenhalf CA Rose M Angus H Mead Statement of Directors. responsibilitoes The directors are responsible for preparing the Directors, report and the accounts in accordance with applicable law and regulations Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally ACpted Accounting Practice (United Kingdom Accounting standards and applicable law). Under company law the directors must not approve the accounts unless they arethey are satisfied that they givea true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to.. select suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it would be inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the board on and has been prepared in accordance with the small companies regime of the Companies Act 2006 by order of the board C Rose {Director) Page 1
The Society of Wildlife Artists Limited Report to the Board of Dlroctors on the preparation of unaudited financial statements of The Society of Wildlife Artists Limlt6d for the year ended 31 December 2023 In order to assist you to fulfil your duties under the Companies Act 2006,1 have prepared for your approval the accounts of The S¢xiety of Wildlife Artists Limited for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the Company's accounting records and from information and explainations you have given me. This report is made to the company's board of directors in accordan with the terms of my engagement. My work has been undertaken solely to prepare for your approval the accounts of The Society of Wildlife Artists Limited and state those matters that I have agreed to state to the company's board of directors, as a body, in this report. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's board of directors, as a body, for my work or for this report. It is your duty to ensure that the company has adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Society of Wildlife Artists Limited. You consider The Society of Wildlife Artists Limited is exempt from the statutory audit requirement for the year. I have not been instructed to carry out an audit of the financal statements. For this reason, I have not verified the accuracy or completeness of the accounts'ng records or information and explainations you have given me and I do not, thefore, express any opinion on the financial statements. M Ellison Jacob House Accountancy Services 139 Farndon Road Newark Notts Page 2
The Society of Wildlife Artlsts Llmited Profit and loss account for the year ended 31 December 2023 2023 2022 Notes Turnover 34,177 8,940 Administrative expenses 26,531 6,576 Operating proflt 7.646 2,364 Interest receivable 178 10 Profit on ordinary activities before taxation 7,824 2,374 Tax on profit on ordinary activities Profit for the financial year 7,824 2,374 Transfer to legacy reserve Accumulated profrt brought forward 36,712 34,338 Retained profit carried forward 44,536 36,712 The notss on pages 6 to 7 form an Integral part of thes& financial ststemonts Page 3
The Society of Wildlife Artists Limlted Balance sheet as at 31 December 2023 2023 2022 Notes Fixed assets Tangible assets Current assets Stock of books for resale Cash at bank and in hand 1,218 43,618 44,836 1,319 35,693 37,012 Creditors: amounts falling duo within one year -300 -300 Net current assets 44,536 36,712 Total assets less current liabilities 44,536 36,712 Reserves Legacy Profit and loss account 44,536 36,712 44,536 36,712 The directors, statement required by Sections 475{2} and (3) are shown on the following page which forms part of this Balance Sheet. The notes on pages 6 to 7 form an Integral part of these financial statements. Page 4
The Society of Wildlife Artists Limited Balance sheet (continued) Directors, statements requlred by Sections 475(2) and (3) for the year ended 31 December 2023 In approving these financial statements as director of the company we hereby confirm: (a) that for the year stated above the company was entitled to the exemptions conferred by Section 477 of the Companies Act 2006 ' (b) that no notice has been deposited at the registered office of the company persuant to Section 476 requesting that an audit be conducted for the year ended 31 December 2023 ', and (c)that we acknowledge our responsibilities for.. {1) ensuring that the company keeps accounting records which comply with Section 386 . and (2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Section 393 and which othewise comply with the provisions of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statements were approved by the Board on and signed on its behalf by C Rose Director Registration number 02516635 The notes on pages 6 to 7 form an integral part of those financial statements. Page 5
The Society of Wildlife Artists Limited Notes to the financlal statements for the year ended 31 December 2023 1 Accounting policies 1.1 Basls of preparation The financial statements have been prepared in accordance with applicable accounting standards including The Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concem basis under he historical cost convention. 1.2 Turnovar Turnover represents the total invoice value of sales made during the year and income from other incidental services and sundry reiPtS. 1.3 Tangible fixed assets and depreciatlon Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows.. Fixtures, fittings and equipment 200/0 straight line 1.4 Stock Of books for resale are valued at the lower of cost or net realisable value. 2 Turnover The total turnover of the company for the year has been derived from the principal activity wholly undertaken in the UK. 2023 2022 3 Operating profit Operating profit is stated after charging-. Depreciation and amounts written off tangible fixed assets 4 Tax on profit on Ordinary actlvities The Society of Wildlife Artists is a registered charity and exempt from any charge to taxation. Page 6
The Society of Wlldlife Artlsts Limited Notes to the financial statements continued for the year ended 31 December 2023 5 Tangible Flxed Assets Fixtures fittings and equipment Cost At 1 January 2023 Addits'ons Disposals At 31 December 2023 2564 2564 Depreciation At 1 January 2023 Charge for the year On disposals At 310ecember 2023 2564 2564 Net book values At 31 December 2023 At 31 Dernber 2022 2023 2022 6 Credltors: amounts falling due within one year Accruals 300 300 300 300 7 Legacy During the 2015 accounting year, a legacy of £10,000 was received. This money is to be specifically used to further the SWLA work with artists, projects and is recorded as a separate reserve. At 1 January 2023 Website costs At 31 December 2023 Page 7
The Society of Wildlife Artists Limited The following page does not form part of the statutory accounts. Detailed tradlng and profit and loss account for the year ended 31 December 2023 2023 2022 Sale8 Commissions Sales Birdfair Art Draw Birdfair sales External Exhibition SWLA Friends Exhibitions etc Legacies and donations 4,022 38 3,887 1,356 4,799 3,765 14,152 3,431 2,895 1,107 3,272 380 34,177 Other Income Interest reiVed 8,940 178 34,355 10 8,950 Administrative expenses Book and other purchases and costs (net of stocks) Bursary awards and prizes Website expenses Travelling and expenses Accountancy General expenses SWLA Friends Birdfair Art Draw Birdfair Artist sale External Exhibition Exhibition DepreGiation 213 4,052 144 430 325 240 631 2,048 2,456 12,886 3,106 2,655 455 325 106 467 1,977 360 147 26,531 7,824 Net profi't 6,576 2,374