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|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Trustees' Report|2|to|4|
|Independent<br>Examiner's<br>Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|8|to|12|
|Detailed Statement ofFinancial Activities||||





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|TRUSTEES|C Antrobus|
|---|---|
||Miss RSN Came|
||Lord WRF V Inglewood|
||G Lyon|
||A Quinney|
||JThorley|
||DR Richardson|
||JR Stevens|
||P G Wynn|
||JW Stanley|
|PRINCIPAL ADDRESS|Bat's Loft|
||The Sheep Centre|
||Malvern|
||Worcestershire|
||WR13 6PH|
|REGISTERED CHARITY NUMBER|1151449|
|INDEPENDENT EXAMINER|Martin and Company|
||25 St Thomas Street|
||Winchester|
||Hampshire|
||SO23 9HJ|
|BANKERS|HSBC|
||2Market Place|
||Cirencester|
||Gloucestershire|
||GL7 2NS|





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|||||31.12.20|31.12.19|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME|AND ENDOWMENTS FROM|||||
|Donations|and legacies|||52,491|98,955|
|Investment|income|||3)023|3,180|
|Total||||55,514|102,135|
|EXPENDITURE ON||||||
|Raising funds|||||4,295|
|Charitable|activities|||||
|Education||||44,609|53,162|
|Total||||44,609|57,457|
|NET INCOME||||10,905|44,678|
|RECONCILIATION||OF FUNDS||||
|Total funds brought||forward||385,526|340,848|
|TOTAL FUNDS CARRIED FORWARD||||396,431|385,526|





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|||31.12.20|31.12.19|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|CURRENT ASSETS||||
|Cash at bank||397,451|386,546|
|CREDITORS||||
|Amounts<br>falling due within one year||(1,020)|(1,020)|
|NET CURRENT ASSETS||396,431|385,526|
|TOTAL ASSETSLESSCURRENT|LIABILITIES|396,431|385,526|
|NET ASSETS||396,431|385,526|
|FUNDS|10|||
|Unrestricted<br>funds||396,431|385,526|
|TOTAL FUNDS||396,431|385,526|






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|3.|INVESTMENT INCOME|INVESTMENT INCOME|INVESTMENT INCOME|||||
|---|---|---|---|---|---|---|---|
|||||||31.12.20|31.12.19|
||Deposit account interest|||||3,023|3,180|
|4.|CHARITABLE ACTIVITIES COSTS|||||||
||||||Grant|||
||||||funding of|||
||||||activittes|Support||
||||||(see note|costs (see||
||||||5)|note 6)|Totals|
||||||||5|
||Education||||31,430|13,179|44)609|
|5.|GRANTS PAYABLE|||||||
|||||||31.12.20|31.12.19|
||Education|||||31,430|40,500|
||The total|grants paid to institutions||during the year was as fogows:||31.12.20|31.12.19|
||||||||5|
||Scottish Association ofYoung Farmers Clubs||||||3,000|
||National|Federation ofYoung Farmers Clubs|||||2,000|
||Harper Adams University||Trust||||3,000|
||St James'|School, Lesotho|||||1,000|
||||||||9,000|
||The total|grants paid to individuals||during the year was as follows:||31.12.20|31.12.19|
||||||||5|
||Grants to|individuals||||31)430|31,500|





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|6.|SUPPORT COSTS|SUPPORT COSTS|||||
|---|---|---|---|---|---|---|
||||||Governance||
|||||Management|costs|Totals|
||||||6|g|
||Education|||12,099|1,080|13,179|
||Support costs, included||in the above, are as follows:||||
||Management||||31.12.20|31.12.19|
|||||||Total|
||||||Education|activities|
||||||0||
||Travel and subsistence||||2,386|2,709|
||Website||||1,322|864|
||Administration|expenses|||8,391|8,069|
||||||12,099|11,642|
||Governance|costs|||||
||||||31.12.20|31.12.19|
|||||||Total|
||||||Education|activities|
|||||||g|
||Independent|examiner's|fees||1,080|1,020|



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|STAFFCOSTS|STAFFCOSTS|STAFFCOSTS|STAFFCOSTS|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|There are no employees||||so consequently|||no staff costs have been incurred.|||||
|CREDITORS; AMOUNTS|||||FALLING||DUK WITHIN ONE YEAR|||||
|||||||||||31.12.20|31.12.19|
|||||||||||6||
|Accrued|expenses|||||||||1,020|1,020|
|MOVEMENT|||IN FUNDS|||||||||
|||||||||||Net||
|||||||||||movement|At|
|||||||||At|1.1.20|in funds|31.12.20|
||||||||||f||6|
|Unrestricted||funds||||||||||
|General|fund|||||||385,526||10,905|396,431|
|TOTAL|FUNDS|||||||385,526||10,905|396,431|
|Net movement|||in funds,|included||in the|above are as follows:|||||
|||||||||Incoming||Resources|Movement|
|||||||||resources||expended|in funds|
||||||||||||X.|
|Unrestricted||funds||||||||||
|General|fund|||||||55,514||(44,609)|10,905|
|TOTAL|FUNDS|||||||55,514||(44,609)|10,905|
|Comparatives|||for movement||in|funds||||||
|||||||||||Net||
|||||||||||movement|At|
|||||||||At|1.1.19|in funds|31.12.19|
|Unrestricted||funds||||||||||
|General|fund|||||||340,848||44,678|385,526|
|TOTAL|FUNDS|||||||340,84$||44,678|385,526|





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|Comparative|net movement<br>in funds, included<br>i|n the above are as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||102,135|(57,457)|44,678|
|TOTAL FUNDS||102,135|(57,457)|44,678|



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|||31.12.20|31.12.19|
|---|---|---|---|
|INCOME AND ENDOWMENTS||||
|Donations<br>and legacies<br>Donations||52)491|98,955|
|Investment<br>income||||
|Deposit account interest||3,023|3,180|
|Total incoming<br>resources||55,514|102,135|
|EXPENDITURE||||
|Raising donations<br>and legacies<br>Events|||4,295|
|Charitable<br>activities||||
|Grants to institutions|||9,000|
|Grants to individuals||31,430|31,500|
|||31,430|40,500|
|Support costs||||
|Management<br>Travel and subsistence<br>Website<br>Administration<br>expenses||2,386<br>1,322<br>8,391|2,709<br>864<br>8,069|
|||12,099|11,642|
|Governance<br>costs<br>independent<br>examiner's|fees|1,080|1,020|
|Total resources expended||44,609|57,457|
|Net income||10,905|44,678|