| Trustees | Mr S Heenan | |||||
|---|---|---|---|---|---|---|
| Mr A Laughton | ||||||
| Mr E Ritchie | ||||||
| Mr A Watson | ||||||
| Mr D Mitchell | ||||||
| Dr J Capper | ||||||
| Mr G Boyes | ||||||
| Mr R Venner | ||||||
| Mrs STomlinson | (Appointed | 1April 2021) | ||||
| Chief Executive Officer | Mr N Shand | |||||
| Charity number | 1115366 | |||||
| Company | number | 03678612 | ||||
| Registered | office | Concorde House | ||||
| 24 Warwick | New Road | |||||
| Leamington | Spa | |||||
| Warwickshire | ||||||
| CV32 SJG | ||||||
| Independent | examiner | Burgis & Bullock | ||||
| 23-25 Waterloo Place | ||||||
| Leamington | Spa | |||||
| Warwickshire | ||||||
| CV32 5LA | ||||||
| Bankers | Lloyds TSBBank Pic | |||||
| 48 Belle Vue | Terrace | |||||
| Malvern | ||||||
| Worcestershire | ||||||
| WR14 4QG | ||||||
| Solicitors | Blythe Liggins | |||||
| Edmund House |
||||||
| Rugby Road | ||||||
| Leamington | Spa | |||||
| CV32 6EL |
| Page | |||
|---|---|---|---|
| Trustees' report |
1-4 | ||
| Independent examiner's |
report | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Notes to the financial | statements | 9-22 |
| Unrestricted Unrestricted |
Unrestricted Unrestricted |
||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2020 | ||||
| As restated | |||||
| Notes | f | f | |||
| Income from: | |||||
| Voluntary income |
92,758 | 86,380 | |||
| Charitable activities |
52,675 | 58,824 | |||
| Investments | 4 | 12 | |||
| Total income | 145,437 | 145,216 | |||
| Ex enditure on: |
|||||
| Raising funds | 23,532 | 15,116 | |||
| Charitable activities |
7 | 176,117 | 189,756 | ||
| Total expenditure | 199,649 | 204,872 | |||
| Net expenditure | for the year/ | ||||
| Net movement | in funds | (54,212) | (59,656) | ||
| Fund balances at | 1January 2021 | 37,109 | 96,765 | ||
| Fund balances | at | 31December 2021 | (17,103) | 37,109 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| as restated | ||||||
| Notes | f | |||||
| Fixed assets | ||||||
| Tangible assets | 11 | 44 | ||||
| Investments | 12 | 1 | ||||
| 45 | ||||||
| Current assets | ||||||
| Debtors | 60,965 | 107,429 | ||||
| Cash at bank and in | hand | 111,444 | 120,167 | |||
| 172,409 | 227,596 | |||||
| Creditors: amounts | falling due within | |||||
| one year | 15 | (160,602) | (155,532) | |||
| Net current assets | 11,807 | 72,064 | ||||
| Total assets less current liabilities | 11,808 | 72,109 | ||||
| Creditors: amounts | falling due after | |||||
| more than one year | 16 | (28,911) | (35,000) | |||
| Net (liabilities)/assets | (17,103) | 37,109 | ||||
| Income funds | ||||||
| Unrestricted funds |
(17,103) | 37,109 | ||||
| (17,103) | 37,109 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2020 | ||
| f | f | ||
| Government | grants | 875 | |
| Sponsorship | 720 | ||
| Membership | fees | 56,676 | 52,299 |
| Gift aid | 22,670 | 23,068 | |
| Corporate subscriptions | 4,182 | 6,290 | |
| Breed society | subscriptions | 8,355 | 4,003 |
| 92,758 | 86,380 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2020 | |||
| f | f | |||
| Cattle warranty | sales | 10,122 | 18,674 | |
| Other income | 3,604 | 21,859 | ||
| Advertising | income | 38,949 | 18,291 | |
| 52,675 | 58,824 |
| 5 | Investments | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||
| funds | funds | |||||
| 2021 | 2020 | |||||
| f | f | |||||
| Interest receivable | 12 | |||||
| 6 | Raising funds | |||||
| Unrestricted | Unrestricted | |||||
| funds | funds | |||||
| 2021 | 2020 | |||||
| f | f | |||||
| Fundraisin | and | ublicit | ||||
| Advertising | 23,532 | 15,116 | ||||
| 23,532 | 15,116 | |||||
| 7 | Charitable | activities | ||||
| Members | Members | |||||
| services | services | |||||
| 2021 | 2020 | |||||
| f | f | |||||
| Other event costs | 804 | 9,289 | ||||
| Motor and | travel | expenses | 7,983 | |||
| 8,787 | 9,289 | |||||
| Share ofsupport costs (see note 8) | 90,019 | 98,916 | ||||
| Share ofgovernance | costs (see note 8) | 77,311 | 81,551 | |||
| 176,117 | 189,756 |
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| The average monthly number ofemployees during |
the year was: | |
|---|---|---|
| 2021 | 2020 | |
| Number | Number | |
| Employment costs |
2021 | 2020 |
| f | f | |
| Wages and salaries | 46,604 | 48,612 |
| Social security costs | 30 | 2,442 |
| Other pension costs | 1,167 | 2,262 |
| 47,801 | 53,316 |
| 11 | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Fixtures and fittings | |||||
| Cost | |||||
| At 1January 2021 | 29,356 | ||||
| At 31December 2021 | 29,356 | ||||
| Depreciation and impairment |
|||||
| At 1January 2021 | 29,312 | ||||
| Depreciation charged |
in the year | 44 | |||
| At 31December 2021 | 29,356 | ||||
| Carrying amount | |||||
| At 31December 2021 | |||||
| At 31December 2020 | 44 | ||||
| 12 | Fixed asset investments | ||||
| Other | |||||
| investments | |||||
| Cost or valuation | |||||
| At 1January 2021 gt 31December 2021 | |||||
| Carrying amount | |||||
| At 31December 2021 | |||||
| At 31December 2020 | |||||
| 2021 | 2020 | ||||
| Other investments comprise: |
Notes | f | f | ||
| Investments in subsidiaries |
19 |
| 13 | Debtors | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Amounts falling due within |
one year: | f | f | ||
| Trade debtors | 23,604 | 60,864 | |||
| Amounts owed by subsidiary |
undertakings | 18,136 | 36,575 | ||
| Other debtors | 1,964 | 1,704 | |||
| Prepayments | and accrued income | 17,261 | 8,286 | ||
| 60,965 | 107,429 | ||||
| 14 | Loans and overdrafts | ||||
| 2021 | 2020 | ||||
| f | f | ||||
| Bankloans | 32,801 | 35,000 | |||
| 32,801 | 35,000 | ||||
| Payable within | one year | 3,890 | |||
| Payable after | one year | 28,911 | 35,000 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | f | f | |||
| Bank loans and | overdrafts | 14 | 3,890 | ||
| Other taxation | and social security | 38,063 | 47,062 | ||
| Trade creditors | 24,775 | 2,478 | |||
| Other creditors | 2,489 | 2,601 | |||
| Accruals and deferred | income | 91,385 | 103,391 | ||
| 160,602 | 155,532 |
| Creditors: amounts falling due after |
more than one year | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Notes | f | f | |
| Bankloans | 14 | 28,911 | 35,000 |
| 2021 | 2020 | |
|---|---|---|
| f | f | |
| Within one year | 13,940 | 9,445 |
| Between two and five years | 5,917 | 14,857 |
| 19,857 | 24,302 |
| Name of | undertaking | Registered | Registered | Nature ofbusiness | Class of | %Held | %Held | |
|---|---|---|---|---|---|---|---|---|
| office | shares held | Direct | Indirect | |||||
| National | BeefServices | England | & | Import and export of | Ordinary | 100.00 | ||
| Limited | Wales | livestock | ||||||
| Scottish BeefAssociation | England | & | Dormant | Limited | by | 100.00 | ||
| Wales | Guarantee |
| Changes | to the | to the | balance sheet | |||||
|---|---|---|---|---|---|---|---|---|
| At 31 | December 2020 | |||||||
| As | previously | Adjustment | As restated | |||||
| reported | ||||||||
| f | f | |||||||
| Current assets | ||||||||
| Debtors due | within one year | (1)(4)(5) | 85,206 | 22,223 | 107,429 | |||
| Bank and | cash | (6) | 137,105 | (16,938) | 120,167 | |||
| Creditors | due within one year | (1)(2)(3) | ||||||
| (4)(5) | (65,366) | (90,166) | (155,532) | |||||
| Net assets | (1)(2)(3) | |||||||
| (4) (5) (6) | 121,990 | (84,881) | 37,109 | |||||
| Capital funds | ||||||||
| Income funds | ||||||||
| Unrestricted | funds | (1)(2)(3) | ||||||
| (4) (5) (6) | 121,990 | (84,881) | 37,109 | |||||
| Tota I equity | (1)(2)(3) | |||||||
| (4) (5) (6) | 121,990 | (84,881) | 37,109 | |||||
| Changes | to the | profit and loss account | ||||||
| Period | ended 31December 2020 | |||||||
| As previously | Adjustment | As restated | ||||||
| reported | ||||||||
| f | f | |||||||
| Voluntary | income | (3)(4) (5) | ||||||
| (6) | 161,738 | (75,358) | 86,380 | |||||
| Charitable | activities | (1) | 40,533 | 18,291 | 58,824 | |||
| Raising funds | (2) | 15,116 | 15,116 | |||||
| Charitable | activities | (4) (5) | 215,097 | (25,341) | 189,756 | |||
| Net movement | in funds | (1)(2)(3) | ||||||
| (4)(5)(6) | (12,814) | (46,842) | (59,656) |