2022-12-31-accounts

COMPANY REGISTRATION NUMBER: 00063906 CHARITY REGISTRATION NUMBER: 1000520

DEXTER CATTLE SOCIETY (THE) COMPANY LIMITED BY GUARANTEE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

David Allen

Chartered Accountants Dalmar House Barras Lane Estate Dalston Carlisle CA5 7NY

DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

CONTENTS

Trustees' report	1 to 5
Independent examiner's report	6
Statement of financial activities	7 to 8
Balance sheet	9 to 10
Notes to the financial statements	11 to 22

DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

TRUSTEES' REPORT

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2022.

The annual report serves the purposes of both a trustees' report and a directors' report under company law.

OBJECTIVES AND ACTIVITIES

The principal activities and objects of the Society are to advance the education of the public at large by registering, monitoring and exhibiting Dexter Cattle and investigating and encouraging efficient breeding of Dexter Cattle with a view to improving and increasing the numbers of the breed.

Attracting, supporting and retaining members to enable us to fulfil our objects, conserving the breed through maintaining a herd book and consistent application of support based on a basis of parent verification. Promoting and explaining our work to organisations, new breeders and the general public.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Dexter Cattle Society (The) is a charitable company limited by guarantee, incorporated on 20 October 1899 and registered as a charity in October 1990. The charitable company is governed under its Memorandum and Articles of Association dated 1 October 2020.

Trustees are appointed by the members by election following nominations from the voting membership.

The charitable company is made up of elected members, together with staff appointed by the trustees at time of appointment. Trustees are normally appointed for a 3 year term on the basis of 3 trustees stepping down each year when their terms of office expire. Provision within the Articles allows for re-appointment of trustees.

Trustees are inducted through a process of best practice. The trustees are nominated on a regional basis and selected by ordinary resolution at the AGM for the contribution, skills and expertise that they can bring to manage the organisation.

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

TRUSTEES' REPORT (CONTINUED)

The board of trustees administers the charity and they meet at least 4 times during the year to discuss and formulate the charity’s management policy. At the first trustees’ meeting, following the AGM in October, the board of trustees appoints the company officers for the forthcoming year. A company secretary is engaged by the board of trustees to implement agreed management policy and to be responsible for the day to day management of the charity.

ACHIEVEMENTS AND PERFORMANCE

The Council have continued to work hard to turn the losses seen in recent years to a more positive financial position and will continue to do this in the future. The society made a deficit this year of £11,059 compared to a deficit last year of £10,807. They hope to improve the operations of the society and it's performance going forward. Income was down slightly this year and remains low compared to the years before Covid-19 restrictions.

Covid–19 did not have a major impact on the society, or on it’s activities in 2022. It operates remotely and members are mainly farmers whose activities continued under lockdown. It is not expected to have a major impact in the future either.

FINANCIAL REVIEW

The Statement of Financial Activities on page 8 shows a net deficit of £11,059 (2021: £10,807).

The total income for the year amounted to £87,638 (2021: £92,929). The main income stream for the charity being membership income, followed by registrations.

The total expenditure for the year amounted to £98,697 (2021: £103,736). The main expenditure incurred by the charity was for office and administrative overheads and herd book costs.

Total funds carried forward at 31 December 2022 amounted to £57,452 (2021: £68,511). The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements.

The trustees aim to maintain free reserves in unrestricted funds at a level equivalent to six months unrestricted charitable expenditure. The trustees consider that a level of six months unrestricted charitable expenditure is prudent.

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

TRUSTEES' REPORT (CONTINUED)

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees

Mr S Adcock (resigned 10 October 2022) Mr A J Lochhead (resigned 10 October 2022) Miss L A McKendrick Mr C Davis (resigned 10 October 2022) Mr D J Bloomer Ms L Blackford (resigned 22 October 2022) Ms C King Ms C Bickerton Ms K Darnbrook (appointed 4 January 2023) Mr M A Black (appointed 4 January 2023)

Mr A Ryder

Company Secretary Mr A Charity Registration Number 1000520 Company Registration Number 00063906

The charity is incorporated in England and Wales.

Registered Office

Independent Examiner

Holme House The Dale Ainstable Carlisle CA4 9RH

Alison Welton FCA David Allen Chartered Accountants Dalmar House Barras Lane Estate Dalston Carlisle CA5 7NY

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

TRUSTEES' REPORT (CONTINUED)

Bankers

NatWest Bank plc 9 The Parade Minehead TA24 5ZD

Barclays Bank plc Kenilworth 48/50 The Parade Leamington Spa CV32 4DD

FINANCIAL INSTRUMENTS

The charity's activities expose it to a number of financial risks including credit risk and cash flow risk. The charity does not use derivative financial instruments.

The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates.

The charity’s principal financial assets are bank balances and cash, trade and other receivables. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

TRUSTEES' REPORT (CONTINUED)

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Dexter Cattle Society (The) for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The annual report was approved by the trustees of the charity on 18 September 2023 and signed on its behalf by:

......................................... Ms C Bickerton Trustee

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DEXTER CATTLE SOCIETY (THE) ("THE COMPANY")

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.

Responsibilities and basis of report

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

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

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of Dexter Cattle Society (The) as required by section 386 of the 2006 Act; or

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

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

...................................... Alison Welton FCA Independent Examiner David Allen Dalmar House Barras Lane Estate Dalston Carlisle CA5 7NY

18 September 2023

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

						Total
		Unrestricted		Restricted		2022
	Note	£		£		£
Income from:
Donations and legacies	3	4,829		-		4,829
Charitable activities	4	82,223		-		82,223
Investment income	5	586		-		586
Total income Expenditure on:		87,638		-		87,638
Charitable activities	6	(98,697)		-		(98,697)
Total expenditure		(98,697)		-		(98,697)
Net expenditure		(11,059)		-		(11,059)
Net movement in funds		(11,059)		-		(11,059)
Reconciliation of funds
Total funds brought forward		66,436		2,075		68,511
Total funds carried forward	15	55,377		2,075		57,452

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED) (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

						Total
		Unrestricted		Restricted		2021
	Note	£		£		£
Income from:
Donations and legacies	3	5,620		-		5,620
Charitable activities	4	86,479		-		86,479
Investment income	5	830		-		830
Total income Expenditure on:		92,929		-		92,929
Charitable activities	6	(103,736)		-		(103,736)
Total expenditure		(103,736)		-		(103,736)
Net expenditure		(10,807)		-		(10,807)
Net movement in funds		(10,807)		-		(10,807)
Reconciliation of funds
Total funds brought forward		77,243		2,075		79,318
Total funds carried forward	15	66,436		2,075		68,511

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 and 2021 is shown in note 15.

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

BALANCE SHEET AS AT 31 DECEMBER 2022

		2022	2022	2021	2021
	Note	£		£
Fixed assets
Tangible assets	12		-		-
Current assets
Debtors	13	12,933		15,911
Cash at bank and in hand		79,130		75,724
			92,063		91,635
Creditors: Amounts
falling due within one
year	14		(34,611)		(23,124)
Net current assets			57,452		68,511
Net assets			57,452		68,511
Funds of the charity:
Restricted income
funds
Restricted funds		2,075		2,075
Unrestricted income
funds
Unrestricted funds		55,377		66,436
Total funds	15		57,452		68,511

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

BALANCE SHEET AS AT 31 DECEMBER 2022 (CONTINUED)

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

For the financial year ending 31 December 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements on pages 7 to 22 were approved by the trustees, and authorised for issue on 18 September 2023 and signed on their behalf by:

......................................... Ms C Bickerton Trustee

Registration number: 00063906

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

1 CHARITY STATUS

The Society is a charitable company limited by guarantee, incorporated on 20 October 1899 and registered as a charity in October 1990. The company was established under a Memorandum of Association, which established the objects and power of the charitable company and is governed by it's Articles of Association.

The address of its registered office is: Holme House The Dale Ainstable Carlisle CA4 9RH

These financial statements were authorised for issue by the trustees on 18 September 2023.

2 ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Dexter Cattle Society (The) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

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

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

2 ACCOUNTING POLICIES (continued)

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

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. Actual results may differ from these estimates.

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations are recognised when there is evidence of entitlement to the gift, receipt is probable and it's amount can be measured reliably. Income from donations received by way of subscriptions are included in the period to which they relate.

Investment income is recognised when receivable.

Income from charitable activities is derived from services provided to promote the breed.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Taxation

The charity is exempt from corporation tax on its charitable activities.

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

2 ACCOUNTING POLICIES (continued)

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. All assets which are considered capital in nature are fixed assets regardless of cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Plant and machinery

Depreciation method and rate 20% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

2 ACCOUNTING POLICIES (continued)

Foreign exchange

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.

The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Financial instruments

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

2 ACCOUNTING POLICIES (continued)

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

3 INCOME FROM DONATIONS AND LEGACIES

	Unrestricted
			Total		Total
	General		2022		2021
	£		£		£
Donations and gifts	4,829		4,829		5,620
	4,829		4,829		5,620
INCOME FROM CHARITABLE ACTIVITIES
	Unrestricted
			Total		Total
	General		2022		2021
	£		£		£
Membership income	35,424		35,424		37,133
Herd book	4,105		4,105		1,360
Registrations	28,517		28,517		31,724
DNA testing	5,003		5,003		5,600
Artificial insemination	1,715		1,715		2,365
Transfers	5,754		5,754		6,664
Advertisement	345		345		442
Dexter beef scheme	1,360		1,360		1,191
	82,223		82,223		86,479
INVESTMENT INCOME
	Unrestricted
			Total		Total
	General		2022		2021
	£		£		£
Deposit account interest	586		586		830

4 INCOME FROM CHARITABLE ACTIVITIES

5 INVESTMENT INCOME

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

6 EXPENDITURE ON CHARITABLE ACTIVITIES

		Unrestricted
				Total		Total
		General		2022		2021
	Note	£		£		£
Breed promotion		3,872		3,872		406
Herd book costs		7,883		7,883		7,095
Artificial insemination		2,590		2,590		2,452
DNA/Chrondo		6,275		6,275		8,446
Linear assessment and inspection		1		1		7
Judges expenses and training		-		-		235
Groups		-		-		75
Allocated support costs	7	70,950		70,950		77,101
Governance costs	7	7,126		7,126		7,919
		98,697		98,697		103,736

In addition to the expenditure analysed above, there are also governance costs of £7,126 (2021 - £7,919) which relate directly to charitable activities. See note 7 for further details.

7 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS

Support costs allocated to charitable activities

	Administration	Administration	Administration	Total		Total
		costs		2022		2021
		£		£		£
Office expenses		66,401		66,401		72,387
Travel and expenses		1,347		1,347		1,348
Bank charges		3,202		3,202		3,366
		70,950		70,950		77,101

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

7 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS (continued)

Governance costs

Unrestricted

			Total		Total
	General		2022		2021
	£		£		£
Accountancy fees
Independent examiner fees	1,193		1,193		1,513
Trustees remuneration and expenses	164		164		603
Legal and professional fees	5,769		5,769		5,803
	7,126		7,126		7,919

8 TRUSTEES REMUNERATION AND EXPENSES

During the year the charity made the following transactions with trustees:

£164 (2021: £603) of travel expenses were reimbursed to one trustee (2021: three trustees) during the year.

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any other benefits from the charity during the year.

9 STAFF COSTS

The average head count of employees during the year was Nil (2021: Nil).

No employee received emoluments of more than £60,000 during the year.

10INDEPENDENT EXAMINER'S REMUNERATION

10INDEPENDENT EXAMINER'S REMUNERATION
	2022		2021
	£		£
Other fees to examiners
Examination-related assurance services	1,193		1,513

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

11TAXATION

The charity is a registered charity and is therefore exempt from taxation.

12TANGIBLE FIXED ASSETS

12TANGIBLE FIXED ASSETS
		Plant and
		machinery			Total
		£			£
Cost
At 1 January 2022		2,476			2,476
At 31 December 2022		2,476			2,476
Depreciation
At 1 January 2022		2,476			2,476
At 31 December 2022		2,476			2,476
Net book value
At 31 December 2022		-			-
At 31 December 2021		-			-
13DEBTORS
		2022			2021
		£			£
Trade debtors		4,474			4,892
Prepayments		6,265			8,652
VAT recoverable		2,194			2,367
		12,933			15,911

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

14CREDITORS: amounts falling due within one year

					2022		2021
					£		£
Trade creditors					21,548		9,993
Accruals					13,063		13,130
					34,611		23,123
15FUNDS
							Balance at
	Balance at 1						31
	January						December
	2022		Income		Expenditure		2022
	£		£		£		£
Unrestricted funds
General	66,436		87,638		(98,697)		55,377
Restricted funds	2,075		-		-		2,075
Total funds	68,511		87,638		(98,697)		57,452
							Balance at
					Balance at 1		31
					January		December
					2022		2022
					£		£
Restricted funds
Genetics research project					1,594		1,594
Childrens project					481		481
					2,075		2,075

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

15FUNDS (continued)

15FUNDS (continued)
									Balance at
	Balance at 1								31
	January								December
	2021		Income		Expenditure				2021
	£		£		£				£
Unrestricted funds
General	77,243		92,929		(103,736)				66,436
Restricted funds	2,075		-				-		2,075
Total funds	79,318		92,929		(103,736)				68,511
									Balance at
					Balance at		1		31
					January				December
					2021				2021
					£				£
Restricted funds
Genetics research project						1,594			1,594
Childrens project						481			481
						2,075			2,075

The income funds of the charity include restricted funds comprising the unexpended balances of donations and grants held on trust for specific purposes.

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DEXTER CATTLE SOCIETY (THE)

COMPANY LIMITED BY GUARANTEE

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

16ANALYSIS OF NET ASSETS BETWEEN FUNDS

					Total funds
	Unrestricted				at 31
	funds		Restricted		December
	General		funds		2022
	£		£		£
Current assets	89,988		2,075		92,063
Current liabilities	(34,611)		-		(34,611)
Total net assets	55,377		2,075		57,452
					Total funds
	Unrestricted				at 31
	funds		Restricted		December
	General		funds		2021
	£		£		£
Current assets	89,560		2,075		91,635
Current liabilities	(23,124)		-		(23,124)
Total net assets	66,436		2,075		68,511

17RELATED PARTY TRANSACTIONS

There were no related party transactions in the year.

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