CHARITY REGISTRATION NUMBER: SC050710
British & Irish Society of Animal Science SCIO
Unaudited Financial Statements
31 December 2025
British & Irish Society of Animal Science SCIO
Financial Statements
Period from 1 December 2024 to 31 December 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 7 |
| Statement of fnancial actvites | 9 |
| Statement of fnancial positon | 10 |
| Notes to the fnancial statements | 11 |
British & Irish Society of Animal Science SCIO
Trustees' Annual Report
Period from 1 December 2024 to 31 December 2025
The trustees present their report and the unaudited financial statements of the charity for the period ended 31 December 2025.
Reference and administrative details Registered charity name British & Irish Society of Animal Science SCIO Charity registration number SC050710 Principal office 18 North Street Glenrothes Fife KY7 5NA The trustees Dr Helen Warren (President) Prof Nicolas Jonsson (Snr Vice President) Prof Nigel Scollan (Vice President) (Appointed 8 April 2025) Prof David Kenny (Past President) Prof Elizabeth Magowan Dr Gareth Arnott Mr David Elliot Mr Kim Matthews Dr Sokratis Stergiadis Prof Nick Wheelhouse Mr David Wilde Dr Steven Morrison Mr Diarmuid Moloney Mr Stefan Yerby (Appointed 8 April 2025) Dr Grace O'Gorman (Appointed 8 April 2025) Prof Lisa Collins (Resigned 8 April 2025) Dr Jordano Rivero-Viera (Resigned 8 April 2025) Dr Paul Smith (Resigned 8 April 2025)
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British & Irish Society of Animal Science SCIO
Trustees' Annual Report (continued)
Period from 1 December 2024 to 31 December 2025
Chief Executive Ms Maggie Mitchell Honorary Treasurer Dr Cledwyn Thomas Bank Royal Bank of Scotland 36 St Andrew Square Edinburgh EH2 2YB Independent examiner Craig Wallace
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British & Irish Society of Animal Science SCIO
Trustees' Annual Report (continued)
Period from 1 December 2024 to 31 December 2025
Structure, governance and management
British Society of Animal Science SCIO was registered as an incorporated charity from 1 June 2021.
Constitution and objects
The Society has a Memorandum and Articles of Association formally set out and available for consultation via the members area of the website.
Organisation
The board of trustees of the Society is an elected body, with new members being elected at each Annual General Meeting to serve for four years. Candidates for President, Senior Vice-President, VicePresident and Honorary Treasurer are proposed by trustees for election at the Annual General Meeting. Members of the board holding office during the period ended 31 December 2025 are as stated on page 1.
The CEO of the Society is chosen by the Trustees following an open recruitment process and ratified by the members at the AGM.
The Trustees meet at least every three months in virtual meetings and, post-pandemic, at least once a year in person, in order to discuss strategic and operational matters relating to the Society.
A number of Committees carry out work in furtherance of the charity's objectives, and report directly to the Board of Trustees. These key committees are led by a Trustee. The Finance, Governance and Income Generation Committee is responsible for oversight of all governance and financial planning and activities.
Newly appointed Trustees are provided with a copy of the governing document, a copy of the financial statements, recent minutes of meetings and handbooks of governance and codes of practice. In addition, a verbal briefing is given by the President and the Honorary Treasurer. They are also provided with the following documents issued by OSCR: Guidance and Good Practice for Charity Trustees; Who's in Charge: Control and Independence in Scottish Charities; and also with additional independent information on Trustee boards. On an ongoing basis, confirmation is obtained that Trustees understand their responsibilities through discussion in person at Trustee meetings and by conference calls.
Key Management Personnel
The Trustees and the Chief Executive are deemed to be the charity's key management personnel. The Trustees are not remunerated for their services.
Risk Management
The board of Trustees has assessed the major risks to which the Society is exposed, in particular those related to the operations and finances of the Society and are satisfied that systems are in place to mitigate our exposure to the major risks.
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British & Irish Society of Animal Science SCIO
Trustees' Annual Report (continued)
Period from 1 December 2024 to 31 December 2025
Objectives and activities
The British Society of Animal Science SCIO was formally constituted as a Scottish Charitable Incorporated Organisation on 1 June 2021 in order to:
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Provide opportunities for those interested in and concerned with the science relating to animals and its application to meet and exchange information, ideas and experiences.
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Encourage the investigation of problems and matters pertaining to the science related to animals and its application.
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Collect and publish information about the science relating to animals and its application; to print and publish any periodicals, books and leaflets which the Society may think desirable.
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Stimulate the incorporation into practice of advances resulting from research, experimental work and practical experience.
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Co-operate with any other organisation in furthering any of the objects of the Society.
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Do all such things as may be incidental or conductive to the attainment of the above objects or any of them.
Achievements and performance
Activities carried out in the year included:
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Successful annual meeting BSAS 2025 delivered as an in-person event.
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Successful Equine Conference delivered as an in-person event.
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Successful R and Statistics Workshop delivered as a virtual event.
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Publication of animal family of journals in partnership with INRAE and EAAP - animal has an Impact Factor of 4.2 (2020 - 3.240), ranking 5/86 in the Agriculture, Dairy & Animal Science category (2023 - 4/80) and 7/170 in the Veterinary Science Category (2023 - 8/167).
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Grew and developed BSAS communications content and reach.
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British & Irish Society of Animal Science SCIO
Trustees' Annual Report (continued)
Period from 1 December 2024 to 31 December 2025
Financial review
The report shows a small financial gain on activities in line with the strategic aim of achieving a balanced budget. Increased costs of additional staff and for marketing were matched by improved income, particularly from sponsorship of the annual conference and strict control of the budget. Investments performed well for the second year with gains of £55,077. Charity funds have increased by £58,025 to £638,863 giving us a good buffer for future headwinds and for investment in activities.
Reserves Policy
Unrestricted funds represent the general funds that the charity is free to use in accordance with the Society's charitable objectives. It is the policy of the charity to maintain unrestricted funds at a level that equates to a minimum of approximately one year's unrestricted income. This provides sufficient funds to cover management and administration costs and to respond to any emergencies that may arise from time to time. Unrestricted funds were maintained at or above this level throughout the year.
At the year end the Society had unrestricted reserves of £638,683 (2024: £580,658).
The charity confirms that, in their opinion, the assets of the Society are available and adequate to fulfil its obligations.
Investment Policy
In accordance with the constitution of the charity, the Trustees have the power to invest in shares, bonds and other investments as they see fit. This has been a better year for investments with our investment portfolio increasing in value from £460,551 to £520,595.
The treasurer and chief executive met with the BSAS investment managers, Brooks Macdonald twice in the year. It was agreed by trustees not to move investment management at this stage but to continue to maintain a constant review of performance.
Plans for future periods
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In the coming years, the Society will:
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Focus on income and impact related activities to enhance the resilience of the society in the longer term.
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Continue to tightly manage expenditure.
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Continue its structure, governance procedures and constitution, particularly in relation to financial procedures.
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Continue to consult with stakeholders and members to promote an animal science agenda to a wide audience.
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Organise or assist with the organisation of animal science conferences in the UK and Ireland.
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Support the management of the Animal Consortium (part ownership).
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Deliver activities specifically aimed at supporting the development of early career scientists.
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Focus membership retention and increasing membership numbers in the UK and Ireland.
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Develop new activities to meet the needs and aspirations of current and future members.
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British & Irish Society of Animal Science SCIO
Trustees' Annual Report (continued)
Period from 1 December 2024 to 31 December 2025
Plans for future periods (continued)
Trustees' responsibilities statement
The Trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustees Investments (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006, and the terms of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' annual report was approved on 2 April 2026 and signed on behalf of the board of trustees by:
Dr Helen Warren BISAS President
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British & Irish Society of Animal Science SCIO
Independent Examiner's Report to the Trustees of British & Irish Society of Animal Science SCIO
Period from 1 December 2024 to 31 December 2025
I report to the trustees on my examination of the financial statements of British & Irish Society of Animal Science SCIO ('the charity') for the period ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the ‘2005 Act’) and the Charities Accounts (Scotland) Regulations 2006 (as amended). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the charity's financial statements as carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
Independent examiner's statement
Since the charity has prepared its accounts on an accruals basis your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:
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accounting records were not kept as required by section 44(1)(a) of the 2005 Act and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006 (as amended); or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
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British & Irish Society of Animal Science SCIO
Independent Examiner's Report to the Trustees of British & Irish Society of Animal Science SCIO (continued)
Period from 1 December 2024 to 31 December 2025
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.
Craig Wallace Independent Examiner
Paterson Boyd & Co 18 North Street Glenrothes Fife KY7 5NA
2 April 2026
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British & Irish Society of Animal Science SCIO
Statement of Financial Activities
Period from 1 December 2024 to 31 December 2025
| Period from | 1 Dec 24 to | Year to | ||
|---|---|---|---|---|
| 31 Dec 25 | 30 Nov 24 | |||
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donatons and legacies | 4 | 44,700 | 44,700 | 43,881 |
| Charitable actvites | 5 | 163,052 | 163,052 | 168,159 |
| Investment income | 6 | 8,958 | 8,958 | 7,670 |
| -------------------------------------- | -------------------------------------- | -------------------------------------- | ||
| Total income | 216,710 | 216,710 | 219,710 | |
| ====================================== | ====================================== | ====================================== | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of raising donatons and legacies | 7 | 2,789 | 2,789 | 2,584 |
| Expenditure on charitable actvites | 8,9 | 210,973 | 210,973 | 181,060 |
| -------------------------------------- | -------------------------------------- | -------------------------------------- | ||
| Total expenditure | 213,762 | 213,762 | 183,644 | |
| ====================================== | ====================================== | ====================================== | ||
| Gain/(loss) on Actvites | 2,948 | 2,948 | 36,066 | |
| Net gains on investments | 11 | 55,077 | 55,077 | 69,326 |
| -------------------------------------- | -------------------------------------- | -------------------------------------- | ||
| Net income and net movement in funds | 58,025 | 58,025 | 105,392 | |
| ====================================== | ====================================== | ====================================== | ||
| Reconciliaton of funds | ||||
| Total funds brought forward | 580,658 | 580,658 | 475,266 | |
| -------------------------------------- | -------------------------------------- | -------------------------------------- | ||
| Total funds carried forward | 638,683 | 638,683 | 580,658 | |
| ====================================== | ====================================== | ====================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 11 to 20 form part of these financial statements.
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British & Irish Society of Animal Science SCIO
Statement of Financial Position
31 December 2025
| 31 Dec 25 | 30 Nov 24 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Investments | 16 | 520,595 | 460,551 |
| Current assets | |||
| Debtors | 17 | 12,848 | 37,278 |
| Cash at bank and in hand | 144,195 | 123,523 | |
| -------------------------------------- | -------------------------------------- | ||
| 157,043 | 160,801 | ||
| Creditors: amounts falling due within one year | 18 | 38,955 | 40,694 |
| -------------------------------------- | -------------------------------------- | ||
| Net current assets | 118,088 | 120,107 | |
| -------------------------------------- | -------------------------------------- | ||
| Total assets less current liabilites | 638,683 | 580,658 | |
| -------------------------------------- | -------------------------------------- | ||
| Net assets | 638,683 | 580,658 | |
| ====================================== | ====================================== | ||
| Funds of the charity | |||
| Unrestricted funds | 638,683 | 580,658 | |
| -------------------------------------- | -------------------------------------- | ||
| Total charity funds | 21 | 638,683 | 580,658 |
| ====================================== | ====================================== |
These financial statements were approved by the board of trustees and authorised for issue on 2 April 2026, and are signed on behalf of the board by:
Dr Cledwyn Thomas Honorary Treasurer
The notes on pages 11 to 20 form part of these financial statements.
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British & Irish Society of Animal Science SCIO
Notes to the Financial Statements
Period from 1 December 2024 to 31 December 2025
1. General information
The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal office is 18 North Street, Glenrothes, Fife, KY7 5NA.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended).
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis of accounting with the exception of investments which are carried at market value. The financial statements are prepared in sterling, which is the functional currency of the entity.
Value added tax
The charity is VAT registered and a partial exemption scheme is in operation. Irrecoverable VAT is charged to resources expended in the period the expense was incurred.
Going concern
The financial statements have been prepared on a going concern basis. The Council members and Trustees have assessed the charity's ability to continue as a going concern and have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing these financial statements.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the charity. (b) Disclosures in respect of financial instruments have not been presented.
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British & Irish Society of Animal Science SCIO
Notes to the Financial Statements (continued)
Period from 1 December 2024 to 31 December 2025
3. Accounting policies (continued)
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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Interest receivable is included upon notification of the interest paid or payable by the bank.
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Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
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British & Irish Society of Animal Science SCIO
Notes to the Financial Statements (continued)
Period from 1 December 2024 to 31 December 2025
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Investments
Investments are included in the financial statements at market value. Realised and unrealised gains or losses are reflected within the Statement of Financial Activities when they arise. Investments are valued at middle market prices. Unrealised gains and losses are calculated as the difference between the opening market value on the first day of the financial year and the closing market value at the year end. Gains and losses are allocated to the appropriate fund (restricted or unrestricted)based on what fund holds the investment.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
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British & Irish Society of Animal Science SCIO
Notes to the Financial Statements (continued)
Period from 1 December 2024 to 31 December 2025
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
Grants awarded
All grants awarded during the year were awarded to individuals rather than institutions and are accounted for on the accruals basis.
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British & Irish Society of Animal Science SCIO
Notes to the Financial Statements (continued)
Period from 1 December 2024 to 31 December 2025
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Donatons | |||||
| Donatons | 3,250 | 3,250 | 7,650 | 7,650 | |
| Subscriptons | 41,450 | 41,450 | 36,231 | 36,231 | |
| --------------------------------- | --------------------------------- | --------------------------------- | --------------------------------- | ||
| 44,700 | 44,700 | 43,881 | 43,881 | ||
| ================================= | ================================= | ================================= | ================================= | ||
| 5. | Charitable actvites | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Income from publicatons | 49,029 | 49,029 | 58,200 | 58,200 | |
| Income from conferences | 114,023 | 114,023 | 109,959 | 109,959 | |
| -------------------------------------- | -------------------------------------- | -------------------------------------- | -------------------------------------- | ||
| 163,052 | 163,052 | 168,159 | 168,159 | ||
| ====================================== | ====================================== | ====================================== | ====================================== |
6. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Income from other investments | 295 | 295 | 186 | 186 |
| Bank interest receivable | 1,203 | 1,203 | 913 | 913 |
| Dividends receivable | 7,460 | 7,460 | 6,571 | 6,571 |
| --------------------------- | --------------------------- | --------------------------- | --------------------------- | |
| 8,958 | 8,958 | 7,670 | 7,670 | |
| =========================== | =========================== | =========================== | =========================== |
7. Costs of raising donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Raising funds | 2,789 | 2,789 | 2,584 | 2,584 |
| =========================== | =========================== | =========================== | =========================== |
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British & Irish Society of Animal Science SCIO
Notes to the Financial Statements (continued)
Period from 1 December 2024 to 31 December 2025
8. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds |
Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 |
Funds | 2024 | |
| £ | £ | £ | £ | |
| Charitable actvites | 36,619 | 36,619 |
26,261 | 26,261 |
| Support costs | 174,354 | 174,354 |
154,799 | 154,799 |
| -------------------------------------- | -------------------------------------- | -------------------------------------- | -------------------------------------- | |
| 210,973 | 210,973 |
181,060 | 181,060 | |
| ====================================== | ====================================== | ====================================== | ====================================== | |
| Expenditure on charitable actvites by actvity type | ||||
| Actvites | ||||
| undertaken | Support |
Total funds | Total fund | |
| directly | costs |
2025 | 2024 | |
| £ | £ | £ | £ | |
| Charitable actvites | 36,619 | 170,739 |
207,358 | 171,857 |
| Governance costs | – | 3,615 |
3,615 | 9,203 |
| --------------------------------- | -------------------------------------- | -------------------------------------- | -------------------------------------- | |
| 36,619 | 174,354 |
210,973 | 181,060 | |
| ================================= | ====================================== | ====================================== | ====================================== | |
| Analysis of support costs | ||||
| Analysis of | ||||
| support costs | Total 2025 | Total 2024 | ||
| £ | £ | £ | ||
| Staf costs | 81,730 | 81,730 | 69,656 | |
| Communicatons and IT | 14,764 | 14,764 | 7,434 | |
| General ofce | 3,951 | 3,951 | 7,845 | |
| Finance costs | 611 | 611 | 539 | |
| Governance costs | 3,615 | 3,615 | 9,203 | |
| Professional fees | 9,293 | 9,293 | 18,008 | |
| Subscriptons to other organisatons | 14,995 | 14,995 | 5,314 | |
| PR and Press | 31,564 | 31,564 | 26,820 | |
| Subscriptons and expenses | 4,959 | 4,959 | 2,315 | |
| Honorarium | 3,000 | 3,000 | 3,000 | |
| Commitee meetngs, trustee and CEO expenses | 2,340 | 2,340 | 2,412 | |
| Foreign exchange diferences | 3,532 | 3,532 | 2,253 | |
| -------------------------------------- | -------------------------------------- | -------------------------------------- | ||
| 174,354 | 174,354 | 154,799 | ||
| ====================================== | ====================================== | ====================================== |
9. Expenditure on charitable activities by activity type
10. Analysis of support costs
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British & Irish Society of Animal Science SCIO
Notes to the Financial Statements (continued)
Period from 1 December 2024 to 31 December 2025
11. Net gains on investments
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Gains/(losses) on other investment | |||||
| assets | 55,077 | 55,077 | 69,326 | 69,326 | |
| ================================= | ================================= | ================================= | ================================= | ||
| 12. | Net income | ||||
| Net income is stated afer charging/(creditng): | |||||
| 31 Dec 25 | 30 Nov 24 | ||||
| £ | £ | ||||
| Foreign exchange diferences | 3,532 | 2,253 | |||
| =========================== | =========================== | ||||
| 13. | Independent examinaton fees | ||||
| Period from | |||||
| 1 Dec 24 to | Year to | ||||
| 31 Dec 25 | 30 Nov 24 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examinaton of the fnancial statements | 1,875 | 1,785 | |||
| Other assurance services | 1,740 | 7,418 | |||
| --------------------------- | --------------------------- | ||||
| 3,615 | 9,203 | ||||
| =========================== | =========================== |
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| Period from | ||
|---|---|---|
| 1 Dec 24 to | Year to | |
| 31 Dec 25 | 30 Nov 24 | |
| £ | £ | |
| Wages and salaries | 75,983 | 65,179 |
| Employer contributons to pension plans | 5,747 | 4,477 |
| --------------------------------- | --------------------------------- | |
| 81,730 | 69,656 | |
| ================================= | ================================= |
The average head count of employees during the period was 2 (2024: 1).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
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British & Irish Society of Animal Science SCIO
Notes to the Financial Statements (continued)
Period from 1 December 2024 to 31 December 2025
14. Staff costs (continued)
Key Management Personnel
The key management personnel of the charity comprises of the Trustees and the Chief Executive. The total employee benefits of the key management personnel of the charity during the year were £68,613 (2024: £63,746).
15. Trustee remuneration and expenses
Trustees were reimbursed travel and subsistence expenses totalling £332 (2024: £522).
The Chief Executive was reimbursed travel and subsistence expenses totalling £409 (2024: £1,094).
16. Investments
| Cash or cash | Other | ||
|---|---|---|---|
| equivalents | investments | Total | |
| £ | £ | £ | |
| Cost or valuaton | |||
| At 1 Dec 2024 | 9,398 | 451,153 | 460,551 |
| Additons | – | 85,663 | 85,663 |
| Disposals | – | (84,916) | (84,916) |
| Fair value movements | – | 55,077 | 55,077 |
| Other movements | 4,220 | – | 4,220 |
| --------------------------------- | -------------------------------------- | -------------------------------------- | |
| At 31 Dec 2025 | 13,618 | 506,977 | 520,595 |
| ================================= | ====================================== | ====================================== | |
| Impairment | |||
| At 1 Dec 2024 and 31 Dec 2025 | – | – | |
| ====================================== | ====================================== | ||
| Carrying amount | |||
| At 31 Dec 2025 | 13,618 | 506,977 | 520,595 |
| ================================= | ====================================== | ====================================== | |
| At 30 Nov 2024 | 9,398 | 451,153 | 460,551 |
| ================================= | ====================================== | ====================================== | |
| All investments shown above are held at valuaton. | |||
| Debtors | |||
| 31 Dec 25 | 30 Nov 24 | ||
| £ | £ | ||
| Trade debtors | 5,128 | 14,700 | |
| Prepayments and accrued income | 7,720 | 22,578 | |
| --------------------------------- | --------------------------------- | ||
| 12,848 | 37,278 | ||
| ================================= | ================================= |
17. Debtors
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British & Irish Society of Animal Science SCIO
Notes to the Financial Statements (continued)
Period from 1 December 2024 to 31 December 2025
18. Creditors: amounts falling due within one year
| 31 Dec 25 | 30 Nov 24 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors | 10,471 | 3,857 | |
| Amounts owed to group undertakings | – | 138 | |
| Accruals and deferred income | 26,471 | 30,998 | |
| Social security and other taxes | 1,573 | 5,328 | |
| Other creditors | 440 | 373 | |
| --------------------------------- | --------------------------------- | ||
| 38,955 | 40,694 | ||
| ================================= | ================================= | ||
| 19. | Deferred income | ||
| 31 Dec 25 | 30 Nov 24 | ||
| £ | £ | ||
| At 1 Dec 24 | 20,250 | 20,250 | |
| Amount released to income | (20,250) | (20,250) | |
| Amount deferred in period | 24,596 | 20,250 | |
| --------------------------------- | --------------------------------- | ||
| At 31 Dec 25 | 24,596 | 20,250 | |
| ================================= | ================================= |
Deferred income represent income relating to events taking place after the year end.
20. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,747 (2024: £4,477).
21. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 1 | Dec 2024 | Income | Expenditure | losses | 31 Dec 2025 | |
| £ | £ | £ | £ | £ | ||
| General funds | 580,658 | 216,710 | (213,762) | 55,077 | 638,683 | |
| ====================================== | ====================================== | ====================================== | ================================= | ====================================== | ||
| At | Gains and | At | ||||
| 1 | Dec 2023 | Income | Expenditure | losses | 30 Nov 2024 | |
| £ | £ | £ | £ | £ | ||
| General funds | 475,266 | 219,710 | (183,644) | 69,326 | 580,658 | |
| ====================================== | ====================================== | ====================================== | ================================= | ====================================== |
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British & Irish Society of Animal Science SCIO
Notes to the Financial Statements (continued)
Period from 1 December 2024 to 31 December 2025
22. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Investments | 520,595 | 520,595 |
| Current assets | 157,043 | 157,043 |
| Creditors less than 1 year | (38,955) | (38,955) |
| -------------------------------------- | -------------------------------------- | |
| Net assets | 638,683 | 638,683 |
| ====================================== | ====================================== | |
| Unrestricted | Total Funds | |
| Funds | 2024 | |
| £ | £ | |
| Investments | 460,551 | 460,551 |
| Current assets | 160,801 | 160,801 |
| Creditors less than 1 year | (40,694) | (40,694) |
| -------------------------------------- | -------------------------------------- | |
| Net assets | 580,658 | 580,658 |
| ====================================== | ====================================== |
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