REGISTERED COMPANY NUMBER.. 01892440 [EglAnd and Wales) REGISTERED CHARITY NUJMBER: IIISIIS Report of tbe Trustees UnAudited Fknancial Statements for ¢be Year Ended 31 Deeember 2023 for Salers CAttle So¢ltty of the UK Llmlted {A Company Llmlted by Guarantee) Gall Robertsen CA Tweedside Park Tweedbank Galashiels Selkirkshi TDI 3TE
Salers Cattle Soeiety of the UK LiAnittd Collt¢nts of the Fin2tttlg1 Sta¢ernertts for the Year Ended JI December 2023 Page Report of the Trll5tee3 IndepeHdtttt ExAmin¢rls Report Stittment of Flts8n¢lAI Aetivldes Balance Sheet Note5 to th¢ f4ln*nciAI Sthtemtnts to 14
Salers CAttle Society of tbe UK Limited Report of the Trustte5 for the Year Ended 31 Dectjllber 2023 The Mi8te£s who are also dir¢¢iors of the Charity for the purposes of th¢ Companies ACE 2rJ)6, present their report with the financial statements of the chariry for the year cnded 31 Decembcr 2023. The tnlee$ have adopted the PTOVi5ions of Accounting and Reporting by Charities.. Statement of Rt¢ommended Prn¢iice applitabl¥ lo charities prepal'ing their accounts irt accordance with the Financial Reporting Siandaril applicabl¢ in Ihe UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTtVES AND ACTIVITIES Obje¢rfves Th¢ Charity's objerlives are the promotion of wcultujt by managtmeni, promotitsn and the im]xovem¢nt of the breeding of ihe SaleT5 bTeed of livestwk and the maintenance of purity of the breed and in conncction ther¢with Ibui without limitsiionl to compile, keep, Maint. edit, i85ue and publish a Herd Book of recognised and pure-bred Salws cattle and a register or regisiers supplementary IheTelu of other r¢Gognised qualified cattle for bre£ding purpose5. A5 part of thi5 the charity provides educalivn artd dir¢¢tion io cattle farniers te llnprove their herd health, and achieve o¢¢reditation with CHeCS krd health scherne. The Charity attends variou5 shows, exhibition5 and events whete they promote the S4lers breed. At ihe Same time, they also introduce the breed io rhe younger generation. The Society $81es are an important day out, a time to Catch up wilh colleagues and understand market conditions, well &8 benchmark their cattle against oth¢r% Fanning is an increasingly solitary existence, and the auction Tnart(et provsdes a hub to not only conduct busines5. but Also share and leam fronJ pemnal exp¢rieDces. Publit benefit Th¢ ¢hority is a publi¢ Ixnefit entity. ACHIKVEMENT AND PERFORMANCE The Charity maintained ils ongoing effons. mentioned aknve, to promote the Saler5 brced. lrt plarming its activities for Ihc year, the Member5 Council has considered the Chariiy Cornmissiorts guidance on publi¢ benefit. The on-going Covid 19 panderlli¢ is llnpactg i)n the ability to deliver sorne of the So¢iety's Ch1t#bIe activities and fund-ralsg. Most will resume when easing of restritiions allow. 'fhe fixed Costs of the OTganisatiotL ar¢ minimal and while the income wall drop, so will the expenditu. It is unlikely that Covid 19 will have a lOng-te impact on the finances of the Society. Jn partitular. when setting membership and regi5traiiotJ fees the following have been considered.. l. In light of COVID-19 rcstri¢iions, social JDedia and online methods and auctions have been and will continue lo be adopted and utilised io compliment tradttional show and sale activities to the benefit all member5 in all areas throughout the Uniied Ksngdotn. artd, 2. To promote the SaleTS breed and edu(aie the fat]ning community about the breed. Our agricultural shows are. without a doubt, Steeped in our rural and food heritage dating back to the 18th Century. (higinally establish by farnier5 to Promote bcst prJciice in brttdirtg livestock and crop production, these event5 k¢ep rrue to their origins, and today offer important insight into larTnin8 and rural life, &s well as an opportunity for fatmers lo ¢elebr2te their industy. Consumer interest in food. farniing and rurdl lifr increased dramati1]Y a*)d witb this, our agricultu shows now see engagement with urban audiences. AlCUltural Shows up and dowD the county ve metnbeTS of the publi¢ the opportunity to visit rural are&s and appreciate the diversity and contribution of the rural e¢onomy to wider society - from cattle and sheep, renewables and crafts, to vegetables and vintage machinery. Page I
Sgler5 Cattle Society of thè UK Limited Report of tbe Trust¢¢5 for the Yegr Ended 31 December 2023 FINANCIAL REVIEW The Louncil of the Society prepares art annual financial budget for the coming year each January. and the pcrformance against this is reviewed at C()uncil meeiings (held approximately quarterly). The final fillancial result5 ate circulated to all memb¢r5 prent by posi. The Treasurer's retKrt 15 presented at ihe Annual General Meeting for discussion by members preseni. The Council ha5 reviewed the potential risks for which the Society illay liable. The principal ¢over againsi these is provided by an in5UTante policy with AXA Insurance PLC, the temis of which are reviewed annually by the CounLil To provide for the cortiinuity of a¢iivity in the event of reduced income from memb¢T5, Ihe Council h&8 established a policy of rnainiaintng a reserve of £25,WO and th¢ annual budget spe¢ifically sets otjt io preserve ihis. The Society had a deficit forthe year of £20,735 {2022 tkficit- £20.308) The Society had Tts¢rves at the year end of £77.349 (2022- £98,562) FUTURE PLANS The major So¢iery sale5 are held in Spring and Autumn. The majority of shows ihe Salers Cattle Society of the UK uttend occur in May, June and July therefore any farm and educatLOrtal l training visits are scheduled in August / Sepiembcr. This is also a tal time of year to show off strong calves, the weather is usually kinder, but not zlways, 8nd fa. rmers fmd hosting events at this time a little ¢8sier than ai othcr key points during the year. Several event.s have been approved and the Socicry has also contacted Emma Steele at AHDB to see if we ¢ould get involved with educational visit5 Ortd programmes AHDB have organised in relaiioll to their 'Maternal Matter5, ¢ampai8n. A &)lers Cattle Society member 8nd brecder Mr P¢ter Buibage has already featured on an AHDB podcast. STRUCTURE, GOVERNANCE ANI) MANACEMENT The charity 1$ a charitable company limited by guarantee. and was set up on the 19th June 1985 and w&8 granÈed ¢twitable status on 5th July 2006. It is govem¢d by a rtLemoranduTll and articles of association. The Salers Cattle Society is govemed by a volun12ry Coun¢il eomprising representa¢ives, elected by the m¢mbEfs Within the r¢giot)s and also members ¢0p1ed by the Council. The Coun¢il members filling the fuur ¢xecutive positions of Prtsideni, Chair. Vice Chair aT Treasurer are d¢-fa¢to Injstees And directors of the SIety, with additional tNstetldirecior5 appointed by the council. The members of the Members of the Council. who also the directors for the purposes of company law, and who served during the year were.. Mr$ Kath Livesey MrAlan Howatson MrT W Wolling MrTJDPye Mr A A Sleigh Mr G A Jones None of the members of the Member5 of ihe Council has any beneficial intcrcst in the company. All of the members of the Members of the Council are members of the company and 8uaranÈe¢ io Contribu £1 in the event of winding up. The membe of the Charity are re¢ruited bas¢d on the qualities they display and their relevant expeT¥¢n¢e. The Council meets quarterly includillg th¢ AGM. Being awaT¢ of their responsibilities they are in regular ¢onsultation with the 5e¢retary. Mis5 Emily Simpson, to review financial matters and tts oversee the general adminisir81ion of the charity. A direct line of communication i5 kept open to the admsnistration offi¢e to ensurt the efficienÉ running of the ehaTi¢y. The MemkT5 of the Council have asseed the major risks to which the society is exposed. and are satisfied that system5 are in place to mitigate ¢xposure to the major risks. Page 2
SAIL'fg Cattl¢ 5wicty ofihe UK Llmited Reyortof thoTruylt¢$ thL. End¢d 31 DeCemblr 2UZ3 REFV.RENCE AIYD ADISINISTRATIVE DE'rlS Re¥ere Compsmy OIIIIK440 Icnglana und Wal&%) ]irytTe Ch•rllv nuRnber RegpteTert Dffl¢e l.alle Farm Crwklan MilnL'ihuip¥ LA7 7NI I Trusltts Myb K M Liv£yLryTr¢4tir{yci8II¢d 14.11.231 .Q I.1VOn Tr¢osurer T W wlin¥ PLXI PrLidLmt TJDPy£ A A Slti&kh Presidenl G A JonesLhaittnJ M D F Pyc Vice Chllin)wL lappvint¢d 6.11.231 IttdependotLt Examlttt Sliiila Robcrtgon G311 RubErt5ott CA 'rwiU(i¥idi PJA( Tweedboi (itsl&%hiel Selkirkshi TDI 3TE Approved by order ofih¢ b¢Mrd VI'L5$¢t5 On... Ic G A I&-TrUStee Pa8d 3
IndepeDdent ExamiDer15 Report to the Trustees of Salers Cattle Society of the UK Limited llldepeLdent examiner's report to th¢ trnstees of S#l¢rs C&ttle Soeiety of the UK Lited I'tbe COpAnY') I port to the charity trustees on my exatninaiion of the a¢¢i)unts' of the Company for the ye2r ended 31 DeCemr 2023. Responsibilities bASiS of report A8 the charity's trustees of the Company land also its director5 for the purposes of company lawl you are sponSible for Ihe prepardtion of the accounts in acctsrdance with the requlrements of the CompaE)i¢s Act 20061'the 2006 Act,). Having satisfied myself ihai the accounis of the Cotnpany are llot required to be audited under Part 16 of rhe 2006 A¢1 and aTe eligible for independent examin81ion, I report in respect of my examination of your charity's accounts a5 carried out under Seciion 145 of Ihe Chwitie5 Act 201 1 I'th¢ 2011 Act,). In caTrylrtg out my examination I have followed the Direction5 giv¢0 by ihe Charity Commission under Section 145151 (b) of the 2011 Act. IndepEndellt examiN¢r $ statemellt I have completed my exanJination. I confirni that rto matter5 have come to my attention in connection with the examination giving me ¢ause to believe: a¢¢ourtting rccord5 were not kept in rrspect of the Company as required by Sectiosj 386 of the 2006 A. or the accuunis do not ac¢oTd with those records., or the accounts do not comply with the #¢¢ountng requirements of Section 396 of the 2006 Act Other than any requiretnent Th the accounts give a true attd fatr view which is not a matter considcred os part of an independent examination. or Ihe account5 have not b¢tD pryred in a¢¢ordance with the methods and principl¢s of the Statement of Recomm¢nd¢d Practice for a¢¢ounting and reporting by charities lapplicable to charitie5 PTeparing their CounT$ in accordance with the Financial Reporting StsTLdard applicable in the UK and R¢public of Ireland {FRS 10211. I have no uineerns and have come across no other matt¢T5 in connection with the examination to whiGh attention should be drawn in this report ordeT to enable a proper understanding of the accounis 10 be reached. Sheila Robertson Gall Robertson CA Tweedside Park Twecdbank Ga1&8hicls Selkirkshire TDI 3TE Date.. a4lio12_+ Page 4
S4ler5 Cartle Society of tlie UK Limited Statement of Fin#rteial Activities for the Year Ended 31 Deetmber 2023 31.12.23 Unrestricted nd 31.12.22 TOL21 fimds Note$ INCOME AND ENDOWMENTS FROM DO[lI0n8 and Icgacies 15,986 16,056 Charithbk a¢tfjvltits Breed promo¢ion 63,101 62,157 Other trading activities Investment income 7,050 1,237 19,798 641 Total 87.374 98.652 EXPENDITURE ON Raising tilnds 10,919 22,229 Charitable attlvhles Office and support costs Breed prOotion 44,372 48,077 35,624 57,935 Total 103,368 115.788 Net goinslllos5e51 on inve5t¥Hellts 1.681 (3,650) NET INCOMEI(EXPENDITURI) {14,3131 (20,786) RECONCILIATION OF FUP4DS Total funds brought forward 98.084 118,870 TOTAL FUNDS CARRIED FORWARD 83.771 98,084 The Jjotes forni part of these financial statements Page 5
Saltrs CAttle Society of tbe UK 14imited BAlance Sheet 31 Dettmber 2023 31.12.23 Ujlltstricied fund 31.12.22 Total fvnd5 Notes FtXED ASSETS Tangible assets Investtnen 1,564 30,445 10 32,650 33,436 32,fJ)9 CURRENT ASSETS Siocks Debto Prepaymertts and accrued iTe Cash at bank and irt hand 263 12 16,290 491 38,485 440 66,315 55.266 78.158 CREDITORS Amounts falling due within urte ytrdr 13,043) 19,461) NET CURRENT ASSETS 52,223 68,697 TOTAL ASSETS LRSS CURRETrfr LIABILITIES 85,659 IQ).706 ACCRUALS AND DEFERRED INCOME 14 (1,888) 12,622) NET ASSETS 83.771 98,084 FUP4DS Unrestricted Is 83,771 98,084 TOTAL FUNDS 83.771 98,084 The chatyiable compaTJy enii¢led to exemption from audit under Section 477 of the Companies Aet 2006 for the yr ended 31 De¢mber2023. The members have not required th¢ company to obtain 8n audit of its fit)ancial 5tatettLenis for the year erKi¢d 31 December2023 in awordance with Section 476 of the Compaoies Act 2006. The inJstee5 acknowledge (he resrK>nsibilities for la) ensuring that the charitable company keeps accounting TOrdS ihai compty with Se¢iion$ 386 and 387 of the Companies Act 2006 and prepaTing financial Statements which give a true and fair view of the state of affair5 of the ¢hariLqble company as at the end of each financial year and of its Surplus or deficit for ¢aGh financial year in a¢¢ordance with thc requirements of Seclion5 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to fuclaI statem¢n¢¥, $0 far &s applacabl¢ to ihe charitable company. (b) The notes forn part of t15¢ finan¢ial statement5 Page 6 continued.
Stslers C4tite Sncletynf Ihc Llli Llmltgd Sbect- ¢onliiiu¢d 31 Dv£tB4bcF202J Tho%c linJnij'.tl it4lcniciil% hill'c kxii pryr¢d in J¢ci)ftJartce ivith the ptovisifrTh% appli¢&bl¢ kn charitable c•mpanit% .iiibjLYI lo th¥ ¢omwnikn% wryimL. 5Li¢c'mints wcrn. IpproveJ by IhL Bihittt 4Jf Try&tLYS auth¢)riSLd fo ..ZWj.l.o!/L. .. and wen ali it& bchtslt'by.. G A Jun¢s- Tiuske Th¢ no(ts fo pdrtufih¢* fin&rlI71 ¥lUWlllCilL Pa7
S81ers Cattle Society of the UK Limited Notes to the FlnAncial Sttements ror tbe Ye#r Kded 31 December 2023 ACCOUNTING POLICILS Basis ofpreparing the fin&ncio15tatemeuts The financial statements of the charitable company. which is a public benefit ¢ntiiy under fRS 102, have been prepared in accord#ll¢e with the Charities SORP {FRS 5021 'Accouniiiig and Rcporting by Charities.. Staiemertt of Recommended Practice dpplica61e to ¢haritieg prq)aring theiT accounts in ac¢oTdart¢e wilh the FancIal Reportn8 Sidndard applicable in ihe UK Republic of Ireland (FRS 102) (eff¢¢iive l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2(K16. The fancIal ateMentS have been prepared under the historical cost conventiow with ihe exception of vestmentS which are included at market value, as modified by the revaluation of certain assets. The accounts are prcpated on a going concem basis. There are DO material Un¢eTratIes abo( tk charity's ability lo continu& Income All income ib re¢ognised in the Stat¢rDenl of Financiul A¢tivities once the chanty entitletnent to Ihe fid8, it is probable that th¢ income will be received and the amount can be measured reliably. Exp¢ndlture Liabilities are recogni5ed as expenditure as soon Ihere is a legal or constructive obligation committing the charity to that exptnditur¢, il is probable that a transfer of economic benefits will be requiTed in selllcment and the &n)ount of the obligaiion can be m&qsured reliably. Fxpenditure is a¢¢ounied for on an a¢¢rual$ b&8is and has been cla55ified under heading5 that uggregate all Cost Telated to the category. Where c051s cannot Ee directly attributed to parti¢ul8r headtngs they have been al[(Kd 10 aciivities on a b&%is eonsistent with the use of resource5. T#rtglble ed assets DEpre¢iati<)n is provided at th¢ following rates in order to write off each Asset ov¢r its e5tirnat¢d usefijl Plant and machinery Coffipur equipment 25% on cost 20% on c05t Tangible assets ar¢ initially recorded at eOSt. 8nd are subsequently stsied at C05t le55 any accumulated depreciation and imp&irment losses. Any Lqngible asseis trIed at revalued amourtts are recorded ai the fair value at the da* of revalu2tion less any stjbsequent acGutnulated depreciatiort artd subsequent a¢¢umulated impairment lo&se5. If there is an indication that Ihcre ha5 been a significant chang¢ in depreciaiion rate, usefijl lif¢ or residual value of tsDgible assets, the depre¢iation is rcvised pmspectively Éo refl¢¢t the new estitllate5. An incre&e in the carryillg amovnt of 8n asset as a s1t of a revaluaiion, is recognised in other comprehensive incorn¢ and accumulated in ¢apital 8nd reserves ex¢ept to the extent li merse5 a revaluation decrease of the same asset previously recognised in profjt or loss. A decre¢ in the carrying amount of an Se% a5 result of revaluation is recognssed other ¢omprehensive income to the extent of any previously Te¢ognised revaluation increase ac¢umulaled in capital and reserves in re5pert of Ihat set. Where a ValuatiOn (kcrease ¢xceeds the accumulated revalualion gains accurnulated in capital and rese¢$ in re5peGt of that asset, the ex¢ess shall be Tecognised in profit or loss. Ernpairnieni A review foT indicators of itllpaiTtnent is caffied out at each reporting date, with the re¢oveTAble amount being estimated wher¢ such indicators exist. Where the carrying value exceeds the recoverable atnouni, the asset is irnpaid aCCOTdingly. Prior impainnents 8re also Teviewed for possible reversa] ai each reporting d¢. When it Is not p)ssibl¢ to estimate the re¢oveyable amount of an individual assei, an estimate is made of the re¢ov¢rable atnoutjt of Ihe cash-g¢neTaling unli lo which the assei belongs. The ¢ash-generating unit is the srnallest ideniifiable group of Sets that includes the a55et and generates Cash inflows that are largely indqKDdent of the ch inflows from other &8sets or groups of a88ets. Page 8 ¢ontinue(L..
Salers C&ttlt Society of th¢ UK LIlted Notes to the Finantl21 StAtemeDts- coutinued ror the Year Elldcd 31 December 2023 ACCOUNTING POLICIES- conti¢ Stotks Stocks are valued t Ihe lower of cost an(1 net a]Isable value, after making dut allowance for ob$oletc and slow moving items. Taxation The charity is exempi from corpoTatiOn tax on its charitable activlieS. Fund ae¢oullting Unrestricied fvlld5 can be used in accordance with the Charitable objectives al the discretion of the trustees. Restricted funds can only be used foT particular restricd pury)oses within the objects of the charity. R¢*rictions arise when specified by the donor or when fi]nds are raised for particulaT restricted purposes. Jf applicable, further explanation of the natu and purpose of eaGh fund 1$ included in the noies to the r]nancia slattments. Pen510tt tosts and other post-retlrtment beDefits The charitable company operates a defined centribution pension scheme. CoDtributions pay8ble to the chaTitable eotnp4ny's pension eme are charged to the Slalemenl of Financial Activitie5 in the period to whieh they relaie. Provlsions Provisions are reCOj$ed when the entity has an obliga(ion at ihe reporting date as a resul¢ of a past event., it is probable that Ihe entity will be required to tr8nsfer economic benefits in sertlement and the amount of the obligation &qn be e5tirnated r¢li2bly. Provision5 are ffciignised as a liability in the statement of financial position and th¢ amount of the provision as an expense. PTOV15ions are initj8lly measured ai ihe best estimate of ihe amount requiTed to setEle the obligalioD at the reporting dale 8nd subsequently reviewed at each reporting dat¢ and adjusted lo reflect the current btst tstijnate of the amount that would be required to settte th¢ obligation. Any adjustments to the amounts previously recognised a recognised in profit or loss unless the provssion was originally recognised as part of the cost of an asset. When a provision ts measured at ihe present value of the amount exp¢ctEd to be required lo settle the obligation, the unwindit)g of the discount is cOgnISed in finance costs in profit or loss the peri¢yJ it arise5. OTHER TRADING ACmlITIES 31.12.23 31.12.22 DNA test kits Merchandise sales 7,1)25 25 19,691 107 7,050 19,798 INVESTMENT INCOME 31.12.23 31.12.22 Investment ¢¢[£ Interest receivable- trading 660 577 505 136 1.237 Page 9 ¢oniinued...
S8ler5 Cattle Satltty of the UK Limited Notes to the Finaucial Statemertts- continued for the Year Ended 31 D¢¢tmbtr 2023 IL4ISINC FUNDS Investment eo$ts 31.12.23 31.12.22 Portfolio tnanagement 136 135 NET INCOMEIIEXPENDrruRE) Nei incomel(exrÈnditure) 15 Stated after chaTgingllcrediting}.' 31.12.23 31.12.22 Depreciation- owned 2SSelS 778 762 TRUSTEES, REMUNERATION AND BEIYEFITS TheTe were no trustees, remuneration or other benefjts for the year ended 31 December 2023 nor for the year end¢d 31 DeceMr 2022. Trustees, expenses The following tN5ttt5 were paid travel expenses dvrirtg the 2 yeaY5 ended 315t DecemEtr 2023.. A A Sleigh £ NIL {2022- £NIL) STAFF COSTS The average monthly number of employees during the year was Hs follows.. 31.12.23 31.12.22 Staff No employees received emolurTrents in excess of £60.000. INDEPENDENT EXAMINATION The Charity's fee chargeabl¢ to Gall Robertson CA for the Independent Examination of the ac¢ounts w&s £1,241 12022- £12461. Page 10 contsnued...
Salers CAttle Society of the UK Limittd Notes to the Fitiantial StateweDts- continued for the Year Ettdtd 31 Dectber 2023 TALYGIBLK FIXED ASSETS Plant artd machinery Computer equipment Totals COST At l January 2023 and 31 December 2023 2,735 633 3,368 DEPRECIATION Ai l January 2023 Charge for year 1,498 651 3&5 127 1,804 778 At 31 Decetnber 2023 2.149 433 2.)82 NET BOOK VALUE Al 31 Deccmbcr 2023 200 786 Ai 31 December 2022 1,237 327 1,564 10. FIXED ASSET INVEsfMENTS Listed investments MARKET VALUE At l January 2023 Additions Revaluaiions 30.445 524 I,681 Al 31 December 2023 32,650 NET BOOK VALUE At 31 December 2023 32,650 At 31 December2022 30,445 There were no investment a55ets outside the UK. C05t or valuation at 31 December 2023 is represented by.. Listed investmetkts Valuation irt 2017 Valuation in 2018 Valuation in 2019 Valuation in 2020 Valuation in 2W21 Valuation in 2022 Valuation in 2023 C05t 516 11,6351 3,042 2J16 (3,2801 2213 29,893 32,650 All irtvestments are initlally rccorded at Cost and revalued io market value with gain5 alld losw recognised in the statement of financial a¢tivitie& Pa8e 11 ¢onunued...
Saltrs Cattle So¢l¢ty of the UK LIMited Notes to tht FlllAntial Statemtttts- contimucd for the Year Ended JI Dr¢ember 2023 STOCKS 31.12.23 31.12.22 Stwks 263 li DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Trdde debtors 16,290 11,140 13. CREDITORS: AMOUNTS FALLING DUE WITIIIN ONE YEAR 31.12.23 31.12.22 Payments on a¢¢ount Trade creditors Social Security and other we5 VAT 1,102 301 1,449 1,428 2,507 4,077 1,640 3,043 9,461 14. ACCRUALS AND DEFERRED INCOME 31.12.23 31.1222 A¢cruals and defrrred income 1,888 2,622 15. MOVEMEP4T IN FUNDS Net movement in fund5 At 31.12.23 At 1.1.23 UreStriCted fuDd5 GeneT81 fimd 98,084 83,771 TOTAL FUNDS 98,084 114,3131 83,771 Net movement funds, included in Ihe above are as follows: Incoming resourcrs Re50ur¢es expended Gains and 105ses Movement in fvnd5 Unrestricted Gen¢ral fund 87,374 1103 J681 1,681 114,313) TOTAL FUNDS 87J74 1103,368) 1,681 114.3131 Pag¢ 12 continued..-
Salers CAttle So¢ltty of the UK LIlted Note5 tht FlllAocial StWtetllts- Cotltiufd for the Year Ended 31 D¢e¢wber 2023 15. MOVLMENT IN FUNDS- contlnued Comparativ¢s for movement th funds Net movem¢nt in funds At 31.12.22 Ai 1.1.22 Unrestrieted fu$ Generaj fund 118,870 (20,786) 98.084 TOTAL FUNDS 118,870 120,7861 98,084 Comparative nei movement in fvtjds, included in the aErf)ve Ar¢ as follows.. Incoming regJur¢es Re&uur¢es expended Gain5 and losses Movement in funds UllrEs*rict¢d funds General fund 98,652 {115,788) {3,6501 120,786) TOTAL FUP4DS 98,652 1115.788) 13,6501 120,786) A ¢urrenl year 12 months and prrior year 12 months combined position is as follows: Ne¢ movement in funds Ai 31.12.23 At 1.1.22 Utsrestricted fuNd$ Gentral fund 118,870 135.0991 83,771 TOTAL FUWDS 118,870 {35,0991 83,771 A current year 12 months and prior year 12 months Combined net movement in funds, incILed in the 8bove are follows.. Incoming resources Resources expended Gains and losses Movement in fund$ Unrestricted fullds General fimd 186.026 1219.156} {1,9691 {35.0991 TOTAL FUNDS 186,026 1219,156) 11,969} 135,099} Page 13 ¢ontinued...
Saler$ Ckttle Society of the UK Limited Nts* to the Fiti#tttl21 staternets- ttsntinued for the YvAr Kllded 31 December 2023 16. EMPLOYEE BENBFIT OBLIGATIONS During the year £771.7812022- £840.00) of employeiE pension eontribution5 were paid. 17. RELATED PARTY DISCLOSURES There were no rrlated party tran5artions for rhe year ended 31 December 2023. 18. ULTIMATE COIYTROLLING PARTY The Charity is controlled by its member5. 19. PUBLIC BENEFIT The ¢h8rity is a public benefit entity. 20. GOINC CONCERN The Iruste£s know of no matCTial un¢¢rtainties relating 10 the charity's ability to continue as agoitt8 concern. Page 14