REGISTERED COMPANY NUMBER: 03974594 (England and Wales) REGISTERED CHARITY NUMBER: 1101183 (England and Wales) $C039030 (Scotland) , REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 : ## FOR , -1HSGB LIMITED COMPANY LIMITED BY GUARANTEE **----- Start of picture text -----**
: S\ON
FARITY CONMISS:
. 43 cl 200
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, Bevan Buckland LLP Chartered Accountants - 45 High Street Haverfordwest Pembrokeshire SA61 2BP , ; ‘ ; . . | ## IHSGB LIMITED COMPANY LIMITED BY GUARANTEE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 | ||||Page|Page| |---|---|---|---|---| |Reportofthe Trustees||1|to|3| |IndependentExaminer's Report|||4|| |Statement ofFinancial Activities|||5|| |Statement ofFinancial Position|'|6|to|7| |Notes to the Financial Statements||8|to|13| |DetailedStatementofFinancialActivities||14|to|15| 7 e : ; . : ## (IHSGB LIMITED COMPANY LIMITED BY GUARANTEE , REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of 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). ## OBJECTIVES AND ACTIVITIES - QObjectives and aims The principal activities of the society are: _ To educate the public about the Icelandic horse and its origins, preservation and standards in accordance with the standards of FEIF (The Federation of Icelandic Horse Association). - To improve general standards in the management, use and treatment of horses with particular owners, judges,reference to the specialveterinarians,features oftrainers the Icelandicand membershorse byof thethe educationpublic. of breeders,: importers, We have continued to encourage participation in as many different activities as possible. The presence of the Icelandic horse in Great Britain continues to grow. The society has continuedits efforts to promote the breed and educate the public about its unique qualities. Significant activities ; The IHSGB publishes regular newsletters with information about Icelandics at home and abroad. Various IHSGB items may be purchased including sweatshirts, car-stickers, spare-wheel covers etc. National Championships are held every year, and every two years is the World Championships for Icelandic Horses to which Britain sends a team to compete. The IHSGB has members all over Great Britain and there are training courses, pleasure rides, competitions and social events held all over the country. Junior members have their own events and can take part in several international events organised by FEIF. ## Public benefit The charity has had due regard for; the Charity Commission's general guidance on, public benefit when reviewing its objectives and planning its future activities. The charity meets the public benefit requirement of advancement of animal welfare. . Creation and use of the IHSGB General Development Fund To maintain our status as a registered charity that is able to claim tax relief, we are required to demonstrate annual achievement of the Society's aims. The creation of this fund will help us achieve our goals and will also demonstrate our charitable credentials. The aim of the fund is for the interest earned to be used to award grants that will further the Society's objectives. Applications for grants ‘are to be made in writing to the Board of Trustees by 31st July each year for the following year. The application should include the reasoning why the applicant believes that the Society objectives would be enhanced and state the benefits to be gained. , . Applications may be from anyone, and there is no limit to the number of times an individual may apply. ; The Board of Trustees shall consider the merits of each and every application, seeking clarification where necessary. Any awards so granted will be announced at the Society AGM in November. If no applications are received or none is considered sufficiently worthy then the interest will be reinvested into the fund. If the total amount asked for by those applications considered worthy exceeds the amount of interest available then the Board will decide which applications will provide the Society with the greatest return. The Board decision is final and there will be no right of appeal, however the individual may apply again the following year. The capital of the fund may only be spent in exceptional circumstances and the trustees will need the majority of fully paid up members to give their written agreement. This will reassure people that their donations will be fully used to create a lasting legacy. Page 1 e t . |) ; . . ## tHSGB LIMITED COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021 ## ACHIEVEMENT AND PERFORMANCE Charitable activities Please see Annual Report - FINANCIAL REVIEW . Financial position , Total funding received during the year was was £38,523 (2020 £26,820) and resources expended during the amounted to £25,171 (2020 £25,556) resulting in reserves of £49,893 (2020 £36,541) of which (2020 £30,355) are unrestricted. Reserves policy . 1 The Trustees of IHSGB Ltd. should seek to achieve a reserve of unrestricted funds equivalent to 12.5% of its annual income to meet an unforeseen emergency or other unexpected need. (c. £2,500) - 2 That this reserve be invested in a Managed Trust Account through an organisation such as the Charities Aid Foundation (CAF). , - ACAF Trust Account is a simple system that is a bit like having your own charitable trust, except ’ itoperates as a subsidiary fund of CAF. You can put money into the Trust Account, call it what you like and specify what charitable purposes the money can be used for. As CAF is a charity, the same charitable tax benefits apply to the Trust Account. It is like having your own independent trust, but the trustees of CAF take responsibility for carrying out your charitable wishes. - 3. That any interest on this account is made available to the Society in the year as part of its general income stream and and allocated to the annual budget. Total funding received during the year was was £38,523 (2020 £26,820) and resources expended during the year amounted to £25,171 (2020 £25,556) resulting in reserves of £49,893 (2020 £36,541) of which £42,644 (2020 £30,355) are unrestricted. - income stream and and allocated to the annual budget. ‘ - 4 That Trustees aim to invest any growth on this account, plus any year on year profits generated through trading (the Income & Expenditure account) into a second unrestricted fund/reserve - This fund is now known as the Genera! Development Fund. . - Given the capital of the General Development Fund is only to be spent ‘in exceptional circumstances’ the Board of Trustees need to be mindful of the need to retain some budget flexibility year on year and of the need to protect the cash flow. Given this it may be appropriate to carry forward some I&E surplus year on year in the IHSGB Ltd general trading accounts (the bank accounts). This should be at the discretion of the serving Board of Trustees. - § That the Board of Trustees agree to set a rolling three year budget to permit reserves/surpluses to be deployed to their best advantage and ensure cyclical events (Youth & World Cups for example) are adequately planned and budgeted for. - STRUCTURE, GOVERNANCE AND AND MANAGEMENT Governing document . ## STRUCTURE, GOVERNANCE AND AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The constitution of the Icelandic Horse Society of Great Britain (IHSGB Ltd) is defined by its memorandum and articles of association. Founded in 1986, the IHSGB exists to maintain the purity of the unique Icelandic horse, to promote interest in the breed, to protect the welfare of the breed, and to encourage Icelandic horse breeding and riding competitions. The British Society is a full member of FEIF, the International Federation of Icelandic Horse Associations, which has 20 members including Canada and the USA. IHSGB is the only Icelandic horse association in Britain recognised by FEIF as representing the whole of the United Kingdom. IHSGB is a Passport Issuing Organisation, authorised by DEFRA. We provide passports for Pure-bred Icelandic horses. IHSGB also provides data on Icelandic horses to the National Equine Database. Please note - if a horse does not have a passport from the IHSGB or another FEIF organisation then it may not be a pure, registered Icelandic horse, and it will not be able to enter IHSGB events. Page 2 ‘ ## IHSGB LIMITED COMPANY LIMITED BY GUARANTEE REPORT OF THETRUSTEES FOR THE YEAR ENDED.31 JULY 2021 **----- Start of picture text -----**
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STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment. and appointment of new trustees Trusteesofeach-yeartrustees,areIn subject rotationelectedto:andby the themay:offersubsequentAnnual: themselvesGeneral approvalMeetitigf **o** fr re-election: the. of next the society.AGM. OneTrustees third ofmaythe betrustees co-opted. will7 by standthe board down. REFERENCE:AND ADMINISTRATIVE DETAILS ' Registered Company. number 03974594 (England and Wales) Registered Charity number: 1101183 (England and Wales) $C039030. (Scotland) ; Registered office Se Midfield Farm Galsgill Tebay , Penrith. Cumbria _ CA10 3UH * Trustees OC ° J Adams (re-elected 14.11.20) . M Adams \ + F Glansdorp (re-elected 14.11.20 resigned 18.08.2021) K Smith ; ‘P. Heathcote-(Chair) : . . Independent Examiner ) Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwest Pembrokeshire SA61 2BP ; Approved by order ofthe’ board-of trustees on Jn. Deco zat Pree -and signed on its behalf by: **----- Start of picture text -----**
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P Heathcote - Chair Page3 . ## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IHSGB LIMITED COMPANY LIMITED BY GUARANTEE ## ’ Independent examiner's report to the trustees of IHSGB LIMITED COMPANY LIMITED BY GUARANTEE (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021. ## 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, | 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 | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's statement , | have completed my examination. | 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 the Company 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. Alun Evans. BCom (Acc) FCA MABRP Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwest Pembrokeshire SA61 2BP Date: 8October2021 | Page 4 ; , ## IHSGB LIMITED COMPANY LIMITED BY GUARANTEE ## STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2021 |||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---| |||Unrestricted
fund
—|Restricted
funds|||Endowment
fund||Total
funds|Total
.
funds| ||Notes|£|£|||£||£|£| |INCOME AND|||||||||Lo| |ENDOWMENTS FROM|||||||||| |Donationsand legacies||14,863||-||-||14,863|11,292| |Charitable activities|||||||||| |Promotion, welfare and care||17,587||-||-||17,587|19,201| |Investment income|2|4,926||-||1,063||§,989|(3,673)| |Other income||84||-||-||84|-| |Total||37,460||-|;|1,063||38,523|26,820| ||||||||)||| |EXPENDITURE ON|||||||||| |Charitable activities|||||||||| |Promotion, welfare and care||25,114||-||-||25,114|25,556| |NET INCOME||12,346||-||1,063||13,409|1,264| |RECONCILIATION OF|||||||||| |FUNDS|||||||||| |Totalfunds brought|||||||||| |forward||30,355||-||6,186||36,541|35,277| |TOTAL FUNDS CARRIED|||||||||.| |FORWARD||42,701||-||7,249||49,950|36,541| . The notes form part of these financial statements . Page 5 . | | : ## IHSGB LIMITED COMPANY LIMITED BY GUARANTEE ## STATEMENT OF FINANCIAL POSITION 31 JULY 2021 **----- Start of picture text -----**
; 2021 2020
Unrestricted Restricted Endowment Total Total
fund funds fund funds funds
Notes £ £ £ £ £
FIXED ASSETS
. Tangible assets ' 6 37 - - 37 46
|
CURRENT ASSETS
Debtors 7 1,435 - - 4,435 2,503
Investments 8 20,583 - 7,249 27,832 22,382
Cash at bank 24,039 —__- —___— 24,039 15,077
46,057 - 7,249 53,306 . 39,962
CREDITORS
Amounts falling due within
one year 9 (3,393) - - (3,393) (3,467)
NET CURRENT ASSETS 42,664 - 7,249 49,913 36,495
TOTAL ASSETS LESS
CURRENT LIABILITIES 42,701 - 7,249 49,950 36,541
NET ASSETS 42,704 - 7,249 49,950 36,541 :
FUNDS 10
Unrestricted funds 42,701 30,355
Endowment funds 7,249 6,186
TOTAL FUNDS 49,950 36,541
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021. : The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006. - The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 6 a EeeRasp eeetnnnnn enn # IHSGB LIMITED. COMPANY LIMITED BY:GUARANTEE. STATEMENT OF FINANCIAL POSITION -:continued 31 JULY.2021 These financial statements have been prepared in accordance with. the provisions applicable. to charitable companies subject to the small companies regime. }OcinS28,..202.\....and-were.signedfinancial statements were. approved on:itsby the Board,behalf by: of: Trusteés. and. authorised for ‘issue on P Heathcote -Chair Mi Adams—Trustee _ - . J Adams.-Trustee: E Brimble - Trustee R Hughes ~ Trustee K'Smith.- Trustee The notes form part of these financial statements Page.7 . ae ## {HSGB LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 1. ACCOUNTING POLICIES | ## Basis of preparing the financial statements . The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## Income . All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. . Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity, this is normally upon notification of the interest paid or payable by the Bank. ## Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in setttement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a , commitment but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 20% reducing balance Taxation . The charity is exempt from corporation tax on its charitable activities. ## Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes.to the financial statements. . Page 8 continued... a tts tite a < . . ## {1HSGB LIMITED COMPANY LIMITED BY GUARANTEE . NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2021 ||NOTES TO THE FINANCIALTO THE FINANCIALTHE FINANCIALFINANCIAL|NOTES TO THE FINANCIALTO THE FINANCIALTHE FINANCIALFINANCIAL|STATEMENTS-- continued|STATEMENTS-- continued|STATEMENTS-- continued|STATEMENTS-- continued|||||;| |---|---|---|---|---|---|---|---|---|---|---|---| ||FOR THE YEAR ENDED 31 JULY 2021||||||||||| |||||)|||||||| |2.|INVESTMENT INCOME||||||||°||| ||||||||2021||2020|;|| ||||||||£||£||| ||CAFendowment fund value||||||5,450||(4,444)||| ||CAF endowmentfund interest|ce|||||537||771||| ||Otherinterest||||||2||-||| ||||||||5,989||(3,673)||| |3.|NET INCOME/(EXPENDITURE)||||||||||| ||Net income/(expenditure) is stated after|charging/(crediting):|||||||||| ||;||||||2021||2020|-|| ||||||||£||£||| ||Depreciation - owned assets||||||9||12||| |4.|TRUSTEES’ REMUNERATION ANDBENEFITS||||||||||| ||There were no trustees' remuneration or other benefits for|||the year|ended||31 July|2021 nor for the|||| ||yearended 31 July 2020.||||||||||| ||Trustees‘ expenses||||||||||| ||||||||2021||2020||| ||||||||£||£||| ||Trustees’ expenses||||||19||1,106||| |||||||vv.|||||| |5.|COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES|||ACTIVITIES|||||||| |.||Unrestricted
fund||Restricted
funds||Endowment
fund|||Total
funds||| ||||£|£|||£||£||| ||INCOME AND ENDOWMENTS FROM||||||||||| ||Donations and legacies||11,292||-|||-|11,292||| ||Charitable activities||||||||||| ||Promotion, welfare and care||19,201||-|||-|19,201||| ||Investmentincome|(2,888)|||:||(785)||(3,673)||| ||Total||27,605||-||(785)||26,820||| ||EXPENDITUREON||||||||||| ||Charitable-activities||||||||||| ||Promotion, welfare and care||25,556||-|||-|25,556||| ||NETINCOME/(EXPENDITURE)||2,049||-||(785)||1,264||| |||Page9|||||||continued...||| ## IHSGB LIMITED COMPANY LIMITED BY GUARANTEE ## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021 . ; ||5.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|| |---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted||Endowment|Total| ||||fund|funds||fund|funds| ||||£|£||£|£| |||RECONCILIATION OF FUNDS|||||| |||Total funds brought forward|28,306||-|6,971|35,277| |||TOTALFUNDSCARRIED FORWARD|30,355||-|6,186|36,541| ||6.|TANGIBLE FIXED ASSETS|||||| ||||||||Plant and| ||||||||machinery| ||||||||£| |||COST|||||| |||At 1 August 2020 and 31 July 2021|||||2,606| |||DEPRECIATION|||||| |||At1August2020|||||2,560| |||Charge foryear|||||9| |||At 31 July 2021|||||2,569| |||NET BOOK VALUE|||||| |||At 31 July 2021|||||37| |||At 31 July 2020|||||46| |||Items above £150 are capitalised and accounted for as a fixed assets|||addition.||| |||impairment reviews are carried outwhere|necessary.||||| ||7.|‘DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||| |||||||2021|2020| |||||||£|£| |:||Tradedebtors||||1,435|2,503| Page 10 continued... . : , ## IHSGB LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021 . : . **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |8.|CURRENT|ASSET|INVESTMENTS| |2021|2020| |£|£| |Unlisted|investments|27,832|22,382| |9.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE YEAR|,| |2021|2020| |.|,|£|£| |Trade|creditors|1,341|414| |Other|creditors|2,052|3,056| |3,393|3,467| |10.|MOVEMENT|IN|FUNDS|.| |Net| |At|1.8.20|movementin|funds|31.7.21At| |£|£|£| |Unrestricted|funds| |General|fund|30,355|12,346|42,701| |Endowment funds| |CAF|youth|endowment fund|6,186|1,063|7,249| |TOTAL|FUNDS|36,541|,|13,409|49,950| |Net|movement|in|funds,|included|in the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |,|£|£|£| |Unrestricted|funds| |General|fund|37,460|(25,114)|12,346|.| |Endowment|funds.|:| |CAF|youth|endowment|fund|1,063|:|-|1,063| |TOTAL FUNDS|38,523|(25,1 14)|13,409| **----- End of picture text -----**
Page 11 continued... ‘wr . | ! | ; , ## IHSGB LIMITED COMPANY LIMITED BY GUARANTEE | ## NOTES TOFOR THETHEFINANCIAL YEAR ENDEDSTATEMENTS31 JULY 2021continued 10. MOVEMENT IN FUNDS - continued ## Comparatives for movement in funds |||movement|At|| |---|---|---|---|---| ||At 1.8.19|in funds|31.7.20|| ||£|£|£|| |Unrestricted funds||||| |General fund|28,306|2,049|30,355|| |Endowmentfunds||||| |CAFyouthendowment fund|6,971|(785)|6,186|| |TOTAL FUNDS|35,277|1,264|36,541|| |Comparative netmovement infunds, included intheabove are asfollows:||||| ||Incoming|Resources|Movement|| ||resources|expended|in funds|| ||£|£|£|| |Unrestricted funds||||| |General fund|27,605|(25,556)|2,049|| |Endowmentfunds||||| |CAF youthendowment fund|(785)|-|(785)|| |TOTALFUNDS|26,820|(25,556)|1,264|| |Acurrent year 12 months and prioryear 12 months combined position is as||follows:||| |||Net||| |||movement|At|.| ||At 1.8.19|in funds|31.7.21|| ||£|£|£|| |Unrestricted funds||||| |Generat-fund|.
28,306|14,395|42,701|| |Endowmentfunds||||| |CAF youth endowmentfund|6,971|278|7,249|| |TOTALFUNDS|35,277|14,673|49,950|| continued... Page 12 . . ; . ## IHSGB LIMITED COMPANY LIMITED BY GUARANTEE . ## NOTES TO THE FINANCIAL STATEMENTS- continued . FOR THE YEAR ENDED 31 JULY 2021 10. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: . **----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |;|Incoming|Resources.|Movement| |resources|expended|in funds| |£|£|£| |Unrestricted|funds|.| |General|fund|65,065|(50,670)|14,395| |Endowment|funds| |CAF|youth|endowment|fund|278|-|278| |TOTAL FUNDS FUNDS|.|65,343|(50,670)|14,673| **----- End of picture text -----**
## TOTAL FUNDS FUNDS 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2021. 12. COMPANY LIMITED BY GUARANTEE The company is limited by guarantee and in the event of winding up of the charitable company, the liability of each member will not exceed £10. Page 13 : ||IHSGB LIMITED|||||| |---|---|---|---|---|---|---| |COMPANY LIMITED BY GUARANTEE||||||| |DETAILED STATEMENT OF FINANCIALACTIVITIES||||||| |FOR THE|YEAR ENDED 31|JULY 2021||||| |||||2021|2020|| |||||£|£|| |INCOME AND ENDOWMENTS||,||||| ||||||||| |Donations and legacies||||||| |Donations||||4,128|1,505|—| |Gift aid||||1,435|1,287|| |Subscriptions|:|||9,300|8,500|| |||||14,863|11,292|| |Investment income||||||| |CAF endowment fund value||||5,450|(4,444)|| |CAF endowmentfund interest||||§37|771|| |Other interest||||2|:|| |,||||||| |;||||5,989|(3,673)|| |Charitable activities||||||| |Breeding activities||||3,261|1,885|| |Sport activities||||10,084|10,644|| |Education and training||||3,035|6,075|| |Sundries
Awards/misc/calendars||||612
595|597
-|| |||||17,587|19,201|| |Other income||||||| |AGM||||84|:|| |Total incoming resources|:|||38,523|26,820|| |EXPENDITURE||||||| |||,||||| |Charitable activities||||||| |Publicity and promotion||||2,408|1,687|| |Sundries||||20|20|| |FEIF activities||||627|2,178|| |Breeding activities|||‘|2,067|1,693|| |Sport activities||||14,115|10,655|| |Youth activities||||25|(7)|| |Education and training||||3,118|5,892|| |Membership activities||||98|-|| |Grants to individuals||||:|225|| |||||22,478|22,343|| This page does not form part of the statutory financial statements Page 14 SS SS Orrlorrlc_—,0 02 vc37Vvw—hhnvwa—.])} =: i TN | | s Ne . ## IHSGB LIMITED COMPANY LIMITED BY GUARANTEE ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES : FOR THE YEAR ENDED 31 JULY 2021 . **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |,|2021|2020| |£|£| |Support|costs|.| |Management| |Trustees’|expenses|19|1,106| |:|Insurance|590|75| |Administration|1,143|1,017| |Professional|fees|624|1,003| |AGM|,|251|-| |Depreciation|.|9|12| |2,636|3,213| |-|Total|resources|expended|25,114|25,556| |Net income|13,409|1,264| **----- End of picture text -----**
This page does not form part of the statutory financial statements Page 15