## ||||Page| |---|---|---|---| |Charity
Information|||| |Trustees'
Report|||3-8| |Report ofthe independent||auditor|9-1 I| |Statement offinancial|activities||12-13| |Balance sheet|||14| |Statement ofCash Flows|||15| |Notes to the accounts|||16-25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## Butchers and Drovers Charitable Institution INDF.PLNDLN"f AUDI'I'OR'S KEPORT'"I'O"FHE MEMBERS OF THE BIJTCHF.RS AN[) DRI)VF,RS CHARITABLF. INSTITIJTIo￿4 IdLlliifying anit lesiin8 Journal eniiies. in iJariiculaT any Joumal eniries po$ied wIth unu5ltal ilCCOUIII ¢ombinalTons htip..Ili%'￿￿.riL urgi uklOLir-WorklAudiilAiidil-dnd-assiiiancelSiandards-and-guidantL'l%landard£-and-guidth)¢c-for- audiiÉ)rslAudilOTS-r¢sponsibiliiics-lor-audiVDc8crii?Lion-ol-.audiior£-re.%ponsibilil1Cs-lOT-alidI￿ aspx [Isc of our report 'I'his rL'porl Is Imade s1)lely 10 Ihc tharilable compaiiy's Ineinbers. *% a body. In aLLOTd￿lcc w'ith Chapi¢r 3 ofpart 16 ofthe CoiiipdniLS Acl 2006. Our Audii ¥York undenaken $0 Iliai ive iiiighi siaLe 10 ihe chantable coinpgiiy'.q In¢niiK'rs 111oSL matiers are required io slai¢ 10 111¢5n in an auditor's rcpnrt and liTrr no oihLr purpo5c. lo the liillesi exieni permiiied by law. s a body. fvr i)ur audit ivork. for iliis rL'pori, or lor Ilie opinions we hav¢ forincd. ILVJ L&0 J￿71¢¢ Maiihews FCA 18¢nior Siaiuiory Audiiorl 'Trr and on b¢htill'or MenLies Ll.P Chari¢r¢d A¢¢ounianis Cvnlrum HO￿S¢ 36 51aiTon Road Suffey I'W20 91.r 11 2oL3 Pax¥ 11 ## ||||||Notes|Unrestricted|Restricted|Permanent|Year|Year| |---|---|---|---|---|---|---|---|---|---|---| |||||||General|Fund|Endowment|Ended|ended| |||||||Fund||Fund|31/12/22|3 I/12/21| |lNCOME AND ENDOWMENTS||||||||||| |FROM:||||||||||| |Donations
and Legacies||||||435|||435|50| |Charitable
Activities|||||||88,402||88,402|94,124| |Other Trading Activities|||- Fundraising|||||||| |Investment
Income||||||7,544|366,345||373,889|374,236| |Other Income|||||||34,475||34,475|22,865| |Total Income||||||7,979|489,222||497,201|491,275| |EXPENDITlJRE|ON:|||||||||| |Raising Funds|||||2/4||37,932||37,932|43,593| |Charitable
Activities|||||5|19,047|305,189||324,236|338,958| |Other|||||7||24,596||24,596|22,879| |Total Expenditure||||||19,047|367,717||386,764|405,430| |Net gains/(losses)|on|investments||||(24,716)|(1,198,855)|(46,806)|(1,270,377)|1,329,249| |Net Income/ (expenditure)||||||(35,784)|(1,077,350)|(46,806)|(1.159,940)|1,415,094| |Other Recognised|Gains/(Losses):|||||||||| |Gains/ (losses) on|revaluation|||of I.ived|||(460,000)||(460,000)|| |Assets||||||||||| |Net movement
in|funds|||||(35,784)|(1,537,350)|(46,806)|(1,619,940)|1,415,094| |Reconciliation
of|funds:|||||||||| |1otal I'unds brought||forward||I January||326,740|15,353,321|490,625|16.170.686|14,755,592| |Total Funds carried||forward||31||290,956|13,815,971|443,819|14,550,746|16,170,686| |December||||||||||| ## ## |||||Notes|Unrestricted|Restricted|Permanent|Year| |---|---|---|---|---|---|---|---|---| ||||||General|Fund|Endowment|ended| ||||||I'und||Fund|31/12/21| |INCOME AND ENDOWMENTS||||||||| |FROM:||||||||| |Donations
and I,egacics|||||50|||50| |Charitable
Activities||||||94,124||94.124| |Other Trading Activities||- I'undraising||||||| |Investment
Income|||||7,822|366,414||374,236| |Other Income|||||2,658|20,207||22.865| |Total Income|||||10,530|480,745||491,275| |EXPENDITURE ON:||||||||| |Raising Funds||||2/4||43,593||43,593| |Charitable
Activities||||5|18,300|320,658||338,958| |Other||||7||22,879||22,879| |Total Expenditure|||||18,300|387,130||405,430| |Net gains/(losses)
on investments|||||26,758|1,253,512|48,979|1,329,249| |Net Income/(Expenditure)|||||18,988|1,347,127|48,979|1,415,094| |Other Recognised Gains/(Losses)||||||||| |Gains/(Losses)
on Revaluation|||of|||||| |I"ixed Assets||||||||| |Net movement
in funds|||||18,988|1,347,127|48,979|1,415,094| |I'unds brought
forward|I|January|||307,752|14,006,194|441,646|14,755,592| |Funds carried forward|31 December||||326.740|15,353,321|490,625|16.170.686| ## ## ||||tVotes|Year|Year| |---|---|---|---|---|---| |||||ended|ended| |||||31/12/22|31/12/21| |I'IXED ASSETS|||||| |Tangible assets||||2,000,000|2,460,.000| |Investments||||12,049.811|13,320.,188| |'I'otal I'ixed Assets||||14,049,811|15,.780,188| |CURREN'I' ASSETS|||||| |Debtors|||10|92,153|93,739| |Cash at bank
A, in hand||||539,625|407,891| |l otal Current Assets||||631,778|501,630| |CREDITORS: Amounts|falling due within|one year||(86,843)|(62,132)| |NET CURRENT ASSETS||||544,935|439,498| |TOTAL ASSETS LL'SS|CURRENT LIABILITIES|||14,594,746|16.219,686| |CREDIl ORS: Amounts|falling due af'ter|more than one year||(44,000)|(49,000)| |'IOTAL NFT ASSETS||||14,550,746|16,170,686| |THE FUNDS Ol
I'I-IL CHARITY|||||| |Permanent
Endowment|||12|443.819|490,625| |Restricted
Fund|||13|13,815,971|15,353,321| |Unrestricted
General
Fund|||14|290,956|326.740| |||||14,550,746|16.170,686| ## ||||||2022|2021| |---|---|---|---|---|---|---| |Cash flows from operating|Activities|||||| |Net (Expenditure)/Income|for|the year|||110,437|85,845| |Adjustments
for:||||||| |Investment
Income|||||(373,889)|(374.236)| |(Increase)/Decrease
in debtors|||||1,586|(4,543)| |Increase
in Creditors|||||19,711|2,527| |Net cash (used in) operating||activities|||(242,155)|(290.407)| |Cash flows from investing|activities|||||| |Purchase ofInvestments||||||| |Interest and Dividends
and|Rent fiom Investments||||373,889|374,236| |Net cash from investing
activities|||||373,889|374,236| |Change
in cash and cash equivalents|||in|the year|131,734|83,828| |Cash and cash equivalents|at|beginning||ofthe year|407,891|324.063| |Cash and cash equivalents|at|end ofthe||year|539,625|407,891| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Year|Year| |---|---|---|---|---|---| |||||ended|ended| |||||31/12/22|31/12/21| |INCOME|||||| |Donations,|Legacies and|Gif'ts||435|| |Fundraising|Activities||||| |FXPENDITURE|||||| |Direct Costs ofFundraising|||Activities|(2,957)|(8,097)| |Investment|Management|Costs||(29.102)|(29,833)| |Suppoit Costs of I undraising|||Activities (see note 4)|(5,873)|(5,663)| |(Deficit) arising||||(37,497)|(43,543)| ## |||||Year|Year| |---|---|---|---|---|---| |||||ended|ended| |||||31/12/22|31/12/21| |Income|from equities|||238,534|234,590| |Income|from fixed interest securities|||2,271|5,866| |Income|fi.om Common|Investment|I"unds|132,660|133,780| |Bank Interest||||424|| |||||373„889|374,236| ## |charity).
M|anagement
costs apportioned
as t'ollows. b|ased on stat'f time:|| |---|---|---|---| |||'ro|| |Charitable|Expenditure|60|17,620| |Fundraising|activity|20|5,873| |Ot.her
—Governance||20|5,873| |||100|29,366| |||||||Year|Year| |---|---|---|---|---|---|---|---| |||||||ended|ended| |||||||31/12/22|31/12/21| |Cost Type||||Charitable|Support Costs|Total|Total| |||||Act.ivity|||| |Smoothfield||Homes (see note 6)||74,878|5,873|80,751|83,245| |Ongoing|financial||support|149,000|3,916|152,916|143,076| |payments|||||||| |One-off Grants to|||individuals|50,571|4,405|54,976|67,473| |Education|Grants|||12,000|1,468|13,468|18.276| |Bursary Scheme||||20,167|1,958|22,125|26,888| |||||306,616|17,620|324,236|338,958| ## |||||||Year| |---|---|---|---|---|---|---| |||||||ended| |||||||31/12/21| |Cost Type||||Charitable|Support Costs|1otal| |||||Activity||| |Smoothfield||Homes (see note 6)||77,581|5,664|83,245| |Ongoing|linancial||support|139,300|3,776|143,076| |payments||||||| |One-off Grants to|||individuals|63,225|4,248|67,473| |Fducation|Grants|||16,860|1,416|18,276| |Bursary Scheme||||25,000|1,888|26,888| |||||321,966|16,992|338,958| |||Year||Year| |---|---|---|---|---| |||ended||ended| |||31/12/22|3|I/12/21| |Property|expenses|58,200||60,613| |Agency|management|16,678||16,968| |||74.878||77,581| ||||||Year|Year| |---|---|---|---|---|---|---| ||||||ended|ended| ||||||31/12/22|31/12/21| |Bank|charges||||242|260| |Audit|fees||||14,220|12,000| |Meel.|ing Costs and|Sundry|Fxpenditurc||2,376|3,215| |20%|apportionment|of' management||charges|5,873|5,663| |Other|pro fessional|lees|||1,885|1,741| ||||||24,596|22,879| ## |8|TANGIBLE I-IXED ASSETS|TANGIBLE I-IXED ASSETS||| |---|---|---|---|---| ||(Leasehold
Property)||Year|Year| ||||ended|Ended| ||||31/12/22|31/12/21| ||COST/Revaluation|||| ||Brought
forward|at I January|244604000|2,4604000| ||Disposal|||| ||Revaluation||(460,000)|| ||Carried
forward|at 31 December|2,0004000|244604000| |Land and Bu|ildings||| |---|---|---|---| |||2022|2021| |Cost||2,3134250|2,313,250| |Accumulated|Depreciation|(227.968)|(182.822)| |Accumulated|Impairments||| |Carrying
Amount||2 083 282|2 130428| ## |INVESTMENTS|INVESTMENTS|||Year|Year| |---|---|---|---|---|---| |||||ended|ended| |||||3 I/12/22|31/12/21| |Market value|at. I January|(less opening|cash)|13,2744406|11,252,488| |Additions||||3514984|1,377,009| |Disposals||||(343,276)|(684,340)| |Gain/(loss)
upon disposal||and revaluation|ofinvestments|Lll27~ 377|1.329 249| |||||12,012,737|13.274,406| |Retained
cash|for re-investment|||37,074|45,782| |Market value|at 31 December|||12 049 811|13 320 188| ## ||||||||||2022||2021| |---|---|---|---|---|---|---|---|---|---|---|---| ||Analysis|ofInvestments|||||||||| ||Quoted|investments
at market||value|||||||| ||I'ixed interest|||||||0||I|133,536| ||Equities|||||||62|7,484,204|60|7,976,599| ||Common|Inv. I'und —L'quity|based|||||30|3,679,551|31|4,193,776| ||Common|Inv. Fund —Fixed|Interest|||||7|848,982|7|970,495| ||Cash retained
for re-investment|||||||I|37.074|I|45,782| ||Market Value at 31 December|||||||100|12,049,811|100|13,320,]88| ||Analysis|oflisted Investments||forming|||more|Market|%of|Market|%of| ||than
4%ofthe porl.folio:|||||||value|portfolio|value|portfolio| |||||||||2022|2022|2021|2021| ||CCLA COIF Fixed Interest||Fund|||||848,982|7.0|970,495|7.3| ||CCLA COII' Equity
I.und|||||||892,202|7.4|1,039,660|7.8| ||CCLA COII. Charity
Investment||||I und|||2,787,349|23.1|3,154.116|23.7| |10||DEBTORS|||||||||| |||Due after more than||one||ear||||Year|Year| |||||||||||ended|ended| |||||||||||31/12/22|31/12/21| |||Other debtors||||||||25 163|25,628| |||||||||||25.163|25.628| |||Due within
one|ear|||||||Year|Year| |||||||||||ended|ended| |||||||||||31/12/22|31/12/21| |||1rade debtors|||||||||| |||Other debtors||||||||5,271|10,465| |||Prepayments
and|Accrued||||Income|||61,719|57,646| |||||||||||66,990|68,111| ## |11|CREDITORS:|CREDITORS:||||||Restated| |---|---|---|---|---|---|---|---|---| ||||||||Year|Year| ||||||||ended|ended| ||||||||31/12/22|31/12/21| ||Amounts|falling|due after|more|than one year:|||| ||Pledged|grants|not paid||||24,000|24,000| ||Accruals|and Other Creditors|||||20 000|25 000| ||||||||~440 0|49 000| ||Amounts|falling|due within|one|year:|||| ||Trade Creditors||||||7,699|6,347| ||Pledged|grants|not paid||||23,847|2,800| ||Accruals|and Other Creditors|||||55.297|52 985| ||||||||86,843|62,132| |12|PERMANENT||ENDOWMENT|||||| ||||||||ivlovement|| |||||||Balance at|in funds|Balance at| |||||||01/01/22|Gains/(losses)|31/12/22| ||George|and Mabel Inez Clayton|||I"und|490,625|(46,8061|443,819| ## |Balance at|Incoming|Resources|Outgoing|Resources|Gains and|Balance at| |---|---|---|---|---|---|---| |01/01/22|||||losses|31/12/22| |15,353,321||489,222||(367.717)|(1,658,8551|13,815,971| ## ## |||Balance at|Incoming
Resources|Incoming
Resources|Outgoing|Resources|Gains and|Balance at| |---|---|---|---|---|---|---|---|---| |||01/01/2022|||||losses|31/12/22| |||326,740||7,979||(19,047)|(24,716)|290,956| |15
I.UNDS||Endowment||Restricted|Unrestricted|Education 2020||Total| ||||||(2014)|||| |Balance at 01/01/22||490,625||15,353,321|326,740|||16.170,686| |Income||||489,222|7,979|||497,201| |Expenditure||||(355,717)|(19,047)||(12,000)|386,764| |Allocation
to||||(12,000)|||12.000|| |Education||||||||| |Sub Total||||121,505|(11,068)|||110,437| |Gains/(Losses)|on|(46,806)||(1,198,855)|(24,716)|||(1,270,377)| |Investment||||||||| |Revaluation||||||||| |Gains/(Losses)|on|||(460,000)||||(460,000)| |Fixed Assets||||||||| |Balance at 31/12/22||443,819||13,815,971|290,956|||14,550,746| |ASSEl SBY|I'UND||||| |---|---|---|---|---|---| |FUNDS|1angible|I.ixed|Investments|Net Current|Total| |||Assets||Assets|| |Restricted|2,000„000||I 1,605.992|209,979|13,815,971| |General||||290,956|290,956| |Endowment|||443,819||443.819| |Total Funds|2,000,000||12,049,811|500,935|14,550,746| ## |||||||Balance at|Cash flows|Balance at| |---|---|---|---|---|---|---|---|---| |||||||01/01/22||31/12/22| |Cash|at|bank|and|in|hand|407,891|131,734|539,625| |||||2022|2021| |---|---|---|---|---|---| |I"inancial|Assets||||| ||Investments|measured|at Iair value|12,049,811|13.320.,188| |Iotal||||12,049,811|13,320,188|