Charity registration number 109121 Company registration number N1665739 (Northern Ireland) AVSPNI ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
AVSPNI LEGALAND ADMINISTRATIVE INFORMATION Directors Mr P Walsh Mr M Watts Mrs M Spahn-Holmes Mr I Smith Mr K Sheridan Mr S O'Kane Mr S Murray Mr K McKeeman Mrs P Hart Mrcca Mrs L Hamilton Mr M Allison Mr G Bell Mr L Fitzsimons Ms K Henderson Mr C Mccrea Ms S Menzies Charity number 109121 Company number N1665739 Principal addre55 6 Ross Green Lane Kilgad Road Kells Ballymena Co Antrim BT42 3JA Registered offlce 6 Ross Green Lane Kilgad Road Kells Ballymena Co Anlrim BT42 3JA Independent examiner GMCG Lisbum Century House 40 Crescent Business Park Lisbum BT28 2GN Banker5 Danske Bank Donegall Square West Belfast BT1 6JS
AVSPNI CONTENTS Page Directors. report Independent examinerfs report Statement of financial activities ststement of financial position Notes to the financial statements 7-11
AVSPNI DIRECTORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2023 The direclors present their annual report and financial statements for the year ended 31 August 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity'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 (FRS 102)" (effective 1 January 20191- Objectives and aGtivities The charity's objects are specifically restricted to the promotion of the following purposes for the benefit of the public: The advancement of education by promoting, managing, co-ordinating. and developing a programme for education of Veterinary Surgeons who are in practice in Northem Ireland or elsewhere: The advancement of animal welfare by representing and advocating for Veterinary Surgeons and animals in need of care and protection. and The advancement of health or the saving of lives of veterinary practitioners in Norihem Ireland who are suffering from, have suffered from or are at risk of mental or physical health problems for the benefit of the public particulady by the dissemination of information and assistance within the veterinary profession. There has been no change in the policies adopted in furtherance of these objects during the year. The charity aims to fulfill it's objectives through the following: the provision of training courses and advice and to publish or distribute in a suitable format- to be a member of and co-operate with all such bodies, organisations and associations, whether within Northern Ireland and United Kingdom or not, as may be thought fit by the directors; to raise funds by subscription. donations, grants, loans or otherwise for the purposes of the charity. The directors have paid due regard to guidance issued by the Charity Commission in deciding what activrties the charity should undertake. Achievements and performance In this financial year AVSPNI has delivered 2 x multi-day conferences - one for Small Animal vets and vet nurses and one for Small Animal and Large Animal vets. plus 7 evening meetings and 1 full day of education and networking. AVSPNI has engaged with organisations and working groups including, but not limited to the Department of Agriculture, Environment and Rural Affairs IDAERA)- the Agri-Food and Bio-sciences Institute (AFBI),. Animal Health and Welfare Northern Ireland (AHWNI),. British Cattle Veterinary Association (BCVA)., The Society of Practising Veterinary Surgeons (SPVS)., The North of Ireland Veterinary Association (NIVA),. Rural Support,. Ulster Farmers Union (UFU},' Royal College of Veterinary Surgeons {RCVS)', RCVS Knowledge - Farm Vet Champions,. Young Vet Neork {YVN-NI)' Veterinary Ireland., LANTRA Council,. VetNI Board.. Bovine Wiral Diarrhoea Implementstion Group (BVDIG): TB Stakeholder Working Group cfBSWG): Animal Health and Welfare Stakeholders Forum (AHWSFI" the Livestock and Meat Commission {LMC)- Vel Support Northem Ireland. British Small Animal Veterinary Association (BSAVA),. Veterinary Practi Managers Association (VPMA),. Northern Ireland Sheep Scab Group., The Links Group,. Harper Adams University. the British Velerinary Association {BVA)', The College of Agriculture. Foord and Rural Enterprise (CAFREI. Ongoing engagement with the bodies listed above is anticipated in the coming year. AVSPNI also initiated a Graduate Developmenl Programme - a series of full and practical days. training with topics careful chosen to upskill and build confidence for new veterinary graduates working in Northern Ireland. This series of events rolled out from September 2023 but the planning took place in financial year ending 31stAugust 2023. AVSPNI remains flexible and able to respond quickly to amend its programme of education to meet changing needs, e.g. novel disease challenges.
AVSPNI DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Financial review The results are set out in detail on pages 5 to 11. The company retumed net incoming resources for the year of £6,249 {2022= £37.449) leaving unrestricted funds of £436,402 {2022: £430.153). The unrestricted funds are considered to be essential to provide sufficient funds to cover any unforeseen costs which may arise and fulfil legal obligations of the charity in the event that current levels of income are not maintained. It IS the policy of the charity that unrestricted funds whiGh have not been designated for a specific use should be maintsined at a level equivalent to between three and six month's expenditure. The directors consider that reserves al this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Structure, governance and management The charitable company is govemed by its Memorandum and Articles of Association. The company is not for profit and limited by guarantee. The directors who served during the year and up to the date of signature of the financial statements were: Mr P Walsh Mr M Watts Mrs M Spahn-Holmes Mr I Smith Mr K Sheridan Mr S O'Kane Mr S Murray Mr K McKeeman Mrs P Hart Mr C Carr Mrs L Hamilton Mr M Allison Mr G Bell Mr L Fitzsimons Ms K Henderson Mr C Mccrea Ms S Menzies The Gharity is govemed by its Board of Directors who meet regularly. None of the directors has any beneficial interest in the company. All of the directors are members of the company and guarantee to contribute £1 in the event of a winding up. This report has been prepad in accordance with the provisions applicable to companies entitled to the small Companies, exemption. The directors, report was approved by the Board of Directors. Mr P Walsh Director Date:
AVSPNI INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF AVSPNI We report to the directors on our examination of the financial statements of AVSPNI (the charity) for the year ended 31 August 2023. Respective responsibilitie of directors and exaiminer As the directors of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006Actl. Having satisfied ourselves that the charity is not subjeci to audit under company law, and is eligible for independent examination. it is our responsibility to: examine the accounts under section 65 of the Charities Act (Northem Ireland) 2008., follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 6519)(b) of the Charities Act., and state whether particular matters have come to our attention. Basis of independent examiners. report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9}{b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosuEs in the accounts, and seeking explanations from you as charity trustees Conceming any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: accounting records were not kepl in respect of the charity as required by section 386 of the 2006 Act. or the financial statements do not accord with Ihose records; or the financial ststements do not comply with the accounting requirements of section 396 of the 2006 Act and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh Financial Reporting Standard applicable in the UK and Republic of Ireland that there is further infomiation needed for a proper understanding of the accounts to be reached.
AVSPNI INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE DIRECTORS OFAVSPNI Independent examiner's statement We have completed our examination and have no concerns in respect of the matters (1) to {4) listed above and, in connection with following the Directions of the Charity Commission for Northem Ireland, we have found no matters that require drawing to your attention. GMCG Lisburn Century House 40 Crescent Business Park Lisburn BT28 2GN Dated:
AVSPNI STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 Unrestricted Unrestricted funds funds 2023 2022 Notes Income from: Donations and membership fees Charitable activities Investments 66,944 160,669 1,612 56,857 128,162 918 Total income 229,225 185.937 enditure on: Charitable activities 222,976 148,488 Net income for the yearl Net movement in funds 6,249 37,449 Fund balances at 1 September 2022 430,153 392,704 Fund balances at 31 August 2023 436,402 430,153 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing adivities. The statement of financial activities also complies with the requirements for an income and expenditure account under the CompaniesAd 2006.
AVSPNI STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2023 2023 2022 Notes Current assets Debtors Cash at bank and in hand 10 63.423 462,114 59,347 441,541 525,537 500,888 Creditors: amounts falling due within one year 11 {89.135) {70.735) Net current assets 436,402 430,153 InGome funds Unrestricted funds 436,402 430,153 436,402 430,153 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2023 The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in acwrdance with section 476. These financial statements have been prepared in aGGordance with the provisions appliGable to companies subject to the small companies regime. The financial statements were approved by the directors on and signed on their behalf by= Mr P Walsh Director Company Registration No. N1665739
AVSPNI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Accounting policies Charity information AVSPNI is a private company limited by guarantee incorporated in Northem Ireland. The registered office is 6 Ross Green Lane, Kilgad Road, Kells, Ballymena, Co Antrim. BT42 3JA. 1.1 Accounting convention The financial statements have been prepared in accordance with the charty's Memorandum and Artides of Association, the Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. ("FRS 102.) and the Charities SORP 'AcGounting 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)- The charty is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional cUencY of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives. Restrictect funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial ststements. 1.4 Income I ncome 15 recognised when the charity is legally entitled to it after any perfomiance 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 GiftAid or deeds of Govenant is reGognised 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.
AVSPNI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Accounting policles (Continued) 1.5 Expenditure Expenditure is reGognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of ecoriomic benefits will b8 required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by actiwty. The costs of each activity are made up of the total of direct costs and shared costs, includino support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs which contribute to more than one activity and support costs which are not attributsble to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 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 the 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 subsequent]y carried at amortised cost using the effective interest method unless the aangement 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 cosc using the effective InteSt 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-Gurrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost Using the effective inter&st method. InanGial liabilities Derecognition of r Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
AVSPNI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Donations and membership fees Unrestricted Unrestricted funds funds 2023 2022 Donations and grfts Membership fees 3,380 63,564 1,280 55,577 66,944 56,857 Donations and gifts Raffle income 3.380 1.280 3,380 1.280 Raffle income of £3,380 (2022 - £1,280) was gathered during the year and paid out to various charities before the year end. Charitable activities 2023 2022 Income from conferences and webinars 160,669 128,162 Investments Unrestricted Unrestricted funds funds 2023 2022 Inlerest receivable 1.612 918
AVSPNI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Charitable activities 2023 2022 Speakers fees Other conference and webinar expenses 21,454 102,363 10,117 62,219 123,817 72,336 Share of support costs (see note 6) 99,159 76,152 222,976 148.488 Support costs Support Governance costs costs 2023 Support Governance costs costs 2022 Administration Fees Presidential and Council expenses Legal and professional fees Bank charges Printing, postage and stationery Insurance Accountancy Sundry expenses VSNI donations Other donations 70,529 70,529 57,548 57,548 3,848 3,848 1,019 1.019 15,000 438 15,000 438 2,400 560 2,400 560 108 1.213 2,079 168 2,000 3.776 108 1.213 2,079 168 2,000 3,776 115 1,158 6,636 716 6,000 115 1,158 6,636 716 6,000 99,159 99,159 76,152 76.152 Analysed belween Charitable activities 99.159 99.159 76.152 76,152 Directors None of the directors lor any persons connected with them) received any remuneration or benefits from the charity during the year. 10-
AVSPNI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Employees The average monthly number of employees during the year was: 2023 Number 2022 Number Total There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 10 Debtors 2023 2022 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 61.539 1,252 632 58,236 530 581 63,423 59,347 11 Creditors: amounts falling due within one year 2023 2022 Trade creditors Other creditors Accruals and deferred income 2.576 6,733 79.826 6,156 467 64.112 89,135 70,735 11