Charity registration number 109121 (Northern Iland} Company registration number N1665739 AVSPNI ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
AVSPNI LEGALANDADMINISTRATIVE INFORMATION Directors Mr P Vvalsh Mr M Watts Mrs M Spahn-Holmes Mr I Smith Mr K Sheridan Mr S O'Kanp Mr S Murray Mrs P Hart Mr C Carr Mrs L Hamilton Mr M Allison Mr G Bell Mr L Fitzsimons Mr C Mccrea Mrs l R L D'Haese Mr P Dabrowski Mr D Flynn Mr M J Woodside Mr R J Mccabe (Appointed 10 January 2024) (Appointed 10 January 2024) (Appointed 10 January 2024) (Appointed 10 January 2024) (Appointed 10 January 2024) Charity number (Northem Ireland) 109121 Company number N1665739 Principal address 6 Ross Green Lane Kilgad Road Kells Ballymena Co Antrim BT42 3JA Registered office 6 Ross Green Lane Kilgad Road Kells Ballymena Co Antrim BT42 3JA Independent examiner GMCG Lisbum Century House 40 CreSnt Business Park Lisburn BT28 2GN Bankers Danske Bank Donegall Square West Belfasl BT16JS
AVSPNI CONTENTS Page Directors, report Independent examinerfs report Slatement of financial activities Statement of financial position Notes to the financial statements 8-13
AVSPNI DIRECTORS. REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024 The directors present their annual report and financial statements for the period ended 31 Dernber 2024. The financial statements have been prepared in accordants with the accounting policies set oul in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, Ihe Companies A 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitiès preparing Iheir accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Objectives and activities 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 ofveterinary Surgeons who are in practice in Northern Ireland or elsewhere= The advancement of animal welfare by representing and advocating for Veterinary Surgeons and anima15 in need of care and protèction- and The advancement of heatth or the saving of lives of veterinary practitioners in Northern Ireland who are suffering from, have suffered from or are at risk of mental or physical health problems for thè benefit of the public particularly by the dissemination of infomiation and assistance within the veterinary profession. There has been no change in the policies adopted in furtherance of these objects during Ihe period. The charity aims to futfill it's objectives through the following: the provision of training courses and advice and to publish or distribLrte in a suitable format; lo be a member of and co-operate with all such bodies, organisations and associations, whether within Northèrn 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 activities the harity should undertake. Achievements and performance In this financial period AVSPNI has delivèred multi-day conferences - one for Small Animal vets and vet nurses and one for Small Animal and Large Animal vets. plus 7 evening meelings, 1 social and neOrkIng event and 3 fulv half days of education - one of which was a practical hands-on course for vet nurses. AVSPNI has engaged with organisations and working groups including, but not limited to the Department of Agriculture. Environment and Rural Affairs (DAERA). the Agri-Food and Bio-sciences Instrtute (AFBI)., Animal Hèalth and Wèware Northern Ireland (AHWNII. British Cattle Veterinary Association (BCVA). The Society of Practising Veterinary Surgeons ISPVS}- 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)- Vèterinary Ireland.. LANTRA Council. VetNI Board: Bovine Viral Diarrhoea Implementation Group (BVDIG)" TB Stakeholder Working Group cfBSWGI' Animal Health and Welfare Stakeholders Forum (AHWSF)., the Livestock and Meat Commission (LMC),. Vet Support Northem Ireland., British Small Animal Veterinary Association (BSAVA)- Veterinary Practice Managers Association (VPMA): Northern Ireland Sheep Scab Group.. The Links Group- the British Veterinary Association (BVA). The College of Agriculture, Foord and Rural Enterprise (CAFRE) Dairy Advisory Group and VN training., RUAS,. HSE", VSSCO (Educational Bursary Adjudication). AVSPNI remains flexible and able to respond quickly to amend its programme of education to meet changing needs, e.g. novel disease challenges. Issues of concern to the membèrs on which officers have actively engaged include, but are not limited lo= production and endernic diseases such as BVD. Johnes and TB, welfare.. APHISI NIFAIS (DAERAS animal traceability plafforms- EU Animal Health Law implementslion- Equine Welfare and Farrier Regulation,. proposed changes to Cross-COmplian Legislation- TB Compensation Consultation., vet nurse training- fami QA standards. Trade Export Certification., Anlibiotics Amnesty,. STAMP," Bluetongue,. medicinés use and threats lo supply to NI-, Sustainable Ruminant Geneti¢s-, wildlrfe and TB-, UKIXI ear tag changes. Avian Influenza.
AVSPNI DIRECTORS. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Financial review The resuEts are set out in detail on pages 6 to 13. The company returned net outgoing resources for the year of £18,747 (2023- net inwming resources of £6,249) leaving unrestricted funds of £417.655 (2023- £436.402). The unrestriGted fvnds are considered to be essential to provide sufficient funds to cover any unforeseen costs which may arise and fulfil legal obligalions of the charity in the event that current levels of income are not maintained. It is thè policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between thrèe and six month's expenditure. The directors consider that reserves at this level will ensure that, in Ihe event of a significant drop in funding. they will be able to continue the charity's urrent activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period. Structure, govemance and management The charitable company is govèrnèd by its Memorandum and Articles of Association. The company is not for profit and limited by guaranlee. The directors who served during the period 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 MGCrea Ms S Menzies Mrs l R L D'Haese Mr P Dabrowski Mr D Flynn Mr M J Woodside Mr R J Mccabe (Resigned 10 January 2024) (Resigned 10 January 2024) (Resigned 10 January 2024) (Appointed 10 January 2024) (Appointed 10 January 2024) (Appointed 10 January 2024) (Appointed 10 January 2024) (Appointed 10 January 2024) The charty is governed by its Board of Directors who meet regularty. None of the directors has any beneficial interest in the company. All of the directors are members of the company and guaranteè to contribute £1 in the event of a winding up.
AVSPNI DIRECTORS. REPORT {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 This report has been prepared in aCCljance with the provisK)ns applicable to companies entrtled to Ihe small companies, exemption. The Oirectots. repo ed by the BoaTd of Direclots. Mr P Walsh Dirèctor 27108125 Date: ...................................
AVSPNI INDEPENDENT &XAMINER'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 period ended 31 December 2024. Respective responsibilitie of directors and exaiminer As the directors of the charity you aré responsible for the preparation of the financial statements in accordance with the requiremenls ofthe CompaniesAct 2006 (the 2006 Act). Having satisfied ourselves that the charity is not subject to audit undèr Company law, and is eligible for independent examination, it is our responsibility to- examine the accounts under section 65 of the Chartties Act (Northern Ireland) 2008: follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65{9){b) of the Charities Act., and state whether particular matters have come lo our attention. Basis of independent examiners. report We have examined your charity accounts as required under section 65 oflhe CharitiesAct and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519){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 disclosures in the accounts, and seeking explanations from you as charity trustees conmIng any such matters. Our role is to state whether any malerial matters have come to our attention giving us cause to believe.. accounting records were nol kept in respect of the charity as required by section 386 of the Companies Ad 2006. the financial statements do nol accord with those records-, or the financial statements do not comp]y with the accounting requiremenls 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 with Financial Reporting Standard applicable in the UK and Republic of Ireland thal there is further infonnation needed for a proper understanding of the acGounls to be reached.
AVSPNI INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE DIRECTORS OF AVSPNI Independent examinetrs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of Chartered Accountants Ireland, which is one ofthe listed bodies. We have completed our examination and have no concerns in respect of the matters11) to (4) listed above and. in connection with frjllowing the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. GMCG Lisburn Century House 40 Crescent Business Park Lisburn BT28 2GN Daled= 27 August 2025
AVSPNI STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2024 Unrestricted funds Period ended 31 Dec 2024 Unrestricted funds Year ènded 31 Aug 2023 Notes Income from: Donations and legacies Charitable activities Investments 99,608 176,700 6,862 66,944 160,669 1,612 Total income 283,170 229,225 Expenditure on: Charitable activities 301,917 222,976 Total expenditure 301,917 222,976 Net incomel{expenditurè) and movement in funds (18,747) 6,249 Reconciliation of funds: Fund balances at 1 September 2023 436,402 430,153 Fund balances at 31 December 2024 417,655 436,402 The ststemenl of financial activtties includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.
AVSPNI STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 31 Decembèr 2024 31 August 2023 Notes Current assets Dei)tors Casn at bank ano in hand 10 27.573 433.S68 63.423 462.114 461.241 525.537 Creditors: amounts falling due within one year 11 (43.586) (89.135) Nel current assets 417.655 436.402 Income funds Unrestncted funds 417.655 436.402 417.655 436.402 The company is entiued to the exemption from the audrt requirement contained in sethon 477 of the Companies Act 2006, for the period ended 31 December 2024. The directors acknowledge their responsibilrties for comptying the requirements ol the Companies Act 2006 WElh respect to accounting records and the preparation of financial statements. The members have not require(I the company to obtain an audit of its financial statements for the period in question in accordance with sectton 476. These financial statements have been prepare(l in accordance with Uie provisions applicable to companies subject to the smatl companies regime. The finan al stalemen 27108125 veo by the directors on ......................... and signed on their belialf L)y: Walsh Director Company Registration No. N1665739
AVSPNI NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounting policies Charity information AVSPNI is a private company limited by guarantee incorporated in Northem Ireland. The registered officè is 6 Ross Green Lane. Kilgad Road. Kells, Ballymena, Co Antrim, BT42 3JA. 1.1 Reportrng period The financial statements presented are for a period longer than one year due lo the charity's year end being extended for commercial reasons. The comparative amounts presenled in the financial stslements (including the related notes) are not entirely comparable. 1.2 Accounting convention The financial statements have been prepared in accordance with the charity's Memorandum and Articles 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 "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). 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 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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.3 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 adopl the going concern basis of accounting in preparing the financial statements. 1.4 Charitable funds Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objeclives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the noles to the financial statements. 1.5 Income Income is recognised when the charity is legally entitled to il 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 donalion, 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 rf 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 PERIOD ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable Ihat a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activity. Direct cost5 attributable to a single activity are allocaled directly to that aclivity. Shared costs which contribute to more than one activity and support costs which are nol attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central slaff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.7 Cash and cash Èquivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher 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 thère 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 rale 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 liabilitie5. Trade creditor5 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.
AVSPNI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Donations and membership fees Unrestricted Unrestricted funds funds Period Year ended ended 31 Dec 2024 31 Aug 2023 Donations and gifts Membership fees 6,004 93,604 3,380 63,564 99,608 66.944 Donations and gifts Raffle income Other donations 5.214 790 3,380 6,004 3,380 Raffle income of £5,214 (2023 £3,380) was gathered during the year and paid out to various charities, £3,500 was not paid out until post year end. Charitable activities Period Year ended ended 31 Dec 2024 31 Aug 2023 Income from conferences and webinars 176,700 160,669 Incorne from investments Unrestrictsd Unrestricted funds funds Period Year ended ended 31 Dec 2024 31 Aug 2023 Interest receivable 6.862 1,612 10-
AVSPNI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Charitable activities Period Year ended ended 31 Dec 2024 31 Aug 2023 Speakers fees Other conference and webinar expenses 29,417 147,514 21,454 102,363 176.931 123,817 Share of support costs (see note 6) 124,986 99,159 301,917 222,976 Support costs allocated to activities Period ended Year ended 31 Dec 2024 31 Aug 2023 Administration fees Presidential and council expenses Legal and professional fees Bank charges Printing, postage and stationery Insurance Accountancy Sundry èxpenses VSNI donation5 Other donations 99,954 9,392 3,075 3,848 12 1,733 2.525 540 2,000 1,907 70,529 3,848 15.000 438 108 1,213 2,079 168 2,000 3,776 124,986 99,159 Analysed between: Charitsble activities 124,986 99,159 Directors None of the directors (or any persons connected with Ihem) received any remuneration or benefits from the charity during the period. 11
AVSPNI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Employees The average monthly number of employees during the period was: Period ended Year ended 31 Dec 2024 31 Aug 2023 Number Number Total There were no employeès whose annual remuneralion was more than £60,000. Taxation The charity is exempt from taxation on its activities because all ils income is applied for charitable purposes. 10 Debtors 31 Dec 2024 31 Aug 2023 Amounts falling due within one year: Trade deblors Othèr debtors Prepayments and accrued income 23,978 1.275 2.320 61,539 1.252 632 27,573 63,423 11 Creditors: amounts falling due within one year 31 Dec 2024 31 Aug 2023 Trade creditors Other credilors Accruals and deferred income 177 7.007 36,402 2,576 6,733 79,826 43,586 89,135 12 Unrestrictsd funds The unrestricted funds ofthe charity comprise Ihe unexpended balances ofdonations and granls which are not subject to spectfic condttions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At1 September 2023 Incoming resources Resources expended At31 December 2024 General funds 436.402 283,170 (301,91n 417.655 12-
AVSPNI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 12 Unrestricted funds (Continued) Previous year: At1 September 2022 Incoming resources Resource5 At 31 August expended 2023 General funds 430.153 229.225 (222.976) 436,402 13-