##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Trustees||||
|---|---|---|---|
|R D Wood||||
|M Aitchison||||
|J Baker||||
|SBrook-Shanahan||||
|A Grey||||
|Dr A R Leake||||
|R C Mayo||||
|R H Miles||||
|Chief Executive Officer||||
|R D Wood||||
|Senior Statutory||Auditor||
|Peter Smith ACA||||
|Auditors||||
|J W Hinks
LLP||||
|Chartered
Accountants||||
|and Statutory|Auditors|||
|19Highfield
Road||||
|Edgbaston||||
|Birmingham||||
|B153BH||||
|Solicitors||||
|Knights pic||||
|The Brampton||||
|Newcastle-Under-Lyme||||
|Staffordshire||||
|STS OQW||||
|Bankers||||
|HSBC Bank pic||||
|Mid Lincolnshire||and the Fens Commercial|Centre|
|Unex House||||
|Bourges Boulevard||||
|Peterborough||||
|PE1 1NG||||
|Investment
manager||||
|Charles Stanley|&Co. Limited|||
|4th Floor||||
|Mercury
Place||||
|St George Street||||
|Leicester||||
|LE1 1QG||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|E|E|
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and legacies|||126,425|81,218|
|Charitable
activities|||||
|Annual
show|||139,896||
|Investment
income|||56,321|25,832|
|Total|||322,642|107,050|
|EXPENDITURE ON|||||
|Raising funds|||9,398|2,873|
|Charitable
activities|||||
|Charitable
activities
—direct|||324,107|208,688|
|Charitable
activities
—support|||47,002|54,923|
|Total|||380,507|266,484|
|Deficit before net loss on investments|||(5746S)|(159,434)|
|Net losses on investments|||(265,952)|(6,622)|
|NET INCOME/(EXPENDITURE)|||(323,817)|(166,056)|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought forward|||3,468,928|3,634,984|
|TOTAL FUNDS CARRIED FORWARD|||3,145,111|3,468,928|
##
|||2022|2021|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|E|E|
|FIXEDASSETS||||
|intangible
assets|14|6,273||
|Tangible assets|15|1,449,418|1,456,927|
|Investments|16|1,421,012|1,695,384|
|||2,876,703|3,152,311|
|CURRENT ASSETS||||
|Debtors|17|84,536|28,750|
|Cash at bank and in hand||229r458|315,418|
|||313,994|344,168|
|CREDITORS||||
|Amounts
falling due within one year|18|(45,586)|(27,551)|
|NET CURRENT ASSETS||268808|316,617|
|TOTAL ASSEISLESSCURRENT LIABILITIES||3,145,111|3,468,928|
|NET ASSETS||3,145,111|3,468,928|
|FUNDS|19|||
|Unrestricted
funds||~3,145 111|~3,468928|
|TOTALFUNDS||3,14S,111|3,468,928|
##
|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|E|E|
|Cash flows from operating|activities|||||
|Cash generated
from operations||||(102~1)|(193,074)|
|Net cash used in operating|activities|||(102,S41)|(193,074)|
|Cash flows from investing|activities|||||
|Purchase ofintangible
fixed assets||||(6,273)||
|Purchase oftangible
fixed assets||||(12,441)|(7,206)|
|Purchase offixed asset investments||||(50,911)|(1,654,705)|
|Sale oftangible fixed assets||||3,500||
|Sale offixed asset investments||||38,145||
|Interest received||||498|134|
|Dividends
received||||44,063|8,698|
|Net cash provided
by/(used|in) investing||activities|16,581|(1,653,079)|
|Change
in cash and cash equivalents||in|the|||
|reporting
period||||(85,960)|(1,846,153)|
|Cash and cash equivalents|at the beginning|||||
|ofthe reporting
period||||315,418|2,161,571|
|Cash and cash equivalents|at the end|ofthe||||
|reporting
period||||229,458|313,418|
##
|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES||
|---|---|---|---|---|
||||2022|2021|
|||||E|
|Net expenditure
for|the reporting|period (as per the Statement of|||
|Financial Activities)|||(323,817)|(166,056)|
|adjustments
for:|||||
|Depreciation
charges|||17,090|26,301|
|Losses on investments|||265'952|6,622|
|Profit on disposal of|fixed assets||(639)||
|Interest received|||(498)|(134)|
|Dividends
received|||(44,063)|(8,698)|
|Decrease/(Increase)|in uninvested|cash|21,185|(43,165)|
|Increase
in debtors|||(55,786)|(13,940)|
|Increase in creditors|||18,035|5,996|
|Net cash used in operations|||(102,541)|(193,074)|
##
||AI 1.1.22|Cash flow|At 31.12.22|
|---|---|---|---|
||E|f|E|
|Net cash||||
|Cash at bank and in hand|315,418|(85,960)|229,458|
||315,418|(85,960)|229,458|
|Total|315,418|(85,960)|229,458|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||2022|2021|
|---|---|---|---|
|||E|E|
|Donations||121,805|57,650|
|Grants receivable||2,667|19,032|
|Subscriptions||419|4,106|
|Miscellaneous|income|1,534|430|
|||126,425|81,218|
##
|||Unrestricted|Restricted|||
|---|---|---|---|---|---|
|||funds|funds|2022|2021|
|||E|E|E|E|
|Rutland|County Council:|||||
|Covid-19 revenue grant||2,667||2,667|19,032|
|||2,667||2,667|19,032|
|4.|INVESTMENT INCOME|||
|---|---|---|---|
||Rents received|||
||Dividend
income receivable|||
||Deposit account interest|||
|S.|INCOME FROM CHARITABLE|ACTIVITIES||
|||Activity||
||Annual
show income|Annual|show|
|6.|RAISING FUNDS|||
##
||Investment|management
fees|
|---|---|---|
|7.|CHARITABLE ACTIVITIES COSTS||
||Charitable|activities
—direct|
||Charitable|activities
—support|
||2022|2021|
|---|---|---|
|||E|
||11,760|17,000|
||44,063|8,698|
||498|134|
||56,321|25,832|
||2022|2021|
||E|E|
||139,896||
||2022|2021|
||E|E|
||9,398|2,873|
|Direct|Support||
|Costs (see|costs (see||
|note 8)|note 9)|Totals|
|E|E|E|
|324,107||324,107|
||47,002|47,002|
|324,107|47,002|371,109|
##
|DIRECT COS|TS OF|CHA|RITABL|E ACTIVITIES||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||f|f|
|Staff costs||||||42,673|63,328|
|Annual
show expenses||||||138,147||
|Insurance||||||5,727|6,095|
|Light and heat||||||11,330|9,301|
|Telephone||||||8,034|5,432|
|Advertising|and promotion|||||1,529|4,206|
|Postage and|stationery|||||2,324|1,072|
|Sundries||||||3,274|315|
|Rates||||||2,073|509|
|Facilities management||||||33,875|30,000|
|Grounds
maintenance||||||57,208|61,257|
|Equipment
hire||||||1,462|662|
|Recruitment|expenses||||||210|
|Depreciation||||||17,090|26,301|
|Loss on sale|ofassets|||||(639)||
|||||||324,107|208,688|
|SUPPORT COSTS||||||||
||||||Sundry|||
||||||support|Governance||
||||||costs|costs|Totals|
||||||f|f|f|
|Charitable
activities||—support|||32,743|14,259|47,002|
|Support costs, included|||in the|above, are as follows:||||
|SUNDRY SUPPORT||COSTS||||||
|||||||2022|2021|
|||||||Charitable||
|||||||activities|Total|
|||||||-support|activities|
|||||||f|f|
|Bookkeeping|and accountancy|||fees||19,107|20,580|
|Bank interest|and charges|||||1,409|1,051|
|Subscriptions||||||436|135|
|Motor and travel expenses||||||2,389|1,616|
|Legal and professional|||fees|||9,402|21,869|
|||||||32,743|45,251|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||Charitable||
|||||activities|Total|
|||||-support|activities|
|||||E|E|
|Auditors'|remuneration|||6,000|6,000|
|Legal and|professional|fees||7,$09|3,072|
|Trustees'|expenses|||450|600|
|||||14,239|9,672|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)|||is stated after charging/(crediting):|||
|||||2022|2021|
|||||E|f|
|Auditors'|remuneration|||6,000|6,000|
|Depreciation
—owned||assets||17,089|26,301|
|Surplus on disposal of||fixed|assets|(639)||
##
##
##
##
|12.|STAFF COSTS|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||2022||2021|
||||||||f||f|
||Wages and salaries||||||41,946||60,923|
||Other pension costs|||||||727|2,405|
||||||||42,673||63,328|
||The average
monthly
number||of|employees||during the year was as follows:||||
||||||||2022||2021|
||Management
and administrative|||staff||||1|2|
||No employees
received emoluments||||in excess ofE60,000.|||||
|13.|COMPARATIVES FOR THE STATEMENT OF|||||FINANCIAL ACTIVITIES||||
||||||||||Unrestricted|
||||||||||fund|
||||||||||E|
||INCOME AND ENDOWMENTS||FROM|||||||
||Donations
and legacies||||||||81,218|
||Investment
income||||||||25,832|
||Total||||||||107,050|
||EXPENDITURE ON|||||||||
||Raising funds||||||||2,873|
||Charitable
activities|||||||||
||Charitable
activities|—direct|||||||208,688|
||Charitable
activities|—support|||||||54,923|
||Total||||||||266,484|
||Net gains/(losses)
on investments||||||||(6,622)|
||NET INCOME/(EXPENDITURE)||||||||(166,056)|
||RECONCILIATION
OF FUNDS|||||||||
||Total funds brought|forward|||||||3,634,984|
||TOTAL FUNDS CARRIED FORWARD||||||||3,468,928|
##
##
|INTANGIBLE FIXEDASSETS||
|---|---|
||Website|
||costs|
||f|
|COST||
|Additions|6,273|
|NET BOOK VALUE||
|At 31December 2022|6,273|
|At 31December 2021||
##
##
|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
|||Buildings||||
||Freehold|and|Plant and|Computer||
||land|facilities|machinery|equipment|Totals|
||f|f|f|f|f|
|COST||||||
|At 1January 2022|706,250|705,486|83/75|5,976|1,501,187|
|Additions||4,359|8,082||12,441|
|Disposals|||(3,300)||(3,300)|
|At 31December 2022|706,250|709,845|88,257|5,976|1,510,328|
|DEPRECIATION||||||
|At 1January 2022||20,889|20,363|3,008|44,260|
|Charge for year||6,945|9,165|979|17,089|
|Eliminated
on disposal|||(439)||(439)|
|At 31December 2022||27,834|29,089|3,987|60,910|
|NET BOOK VALUE||||||
|At 31December 2022|706,250|602,011|59, 60|1,909|8,449,410|
|At 31December 2021|706,250|684,597|63,112|2,968|1,456,927|
##
||||2022|2021|
|---|---|---|---|---|
||||f|E|
|Listed investments|||1,416,876|1,691,248|
|Investment
in trading subsidiary|||100|100|
|Cups and trophies|||4,036|4,036|
||||1,421,412|1,695,384|
|MOVEMENTS
IN FIXEDASSET|INVESTMENTS - LISTED|INVESTMENTS|||
|||Listed|||
|||investments|Total|Total|
|||2022|2022|2021|
|||f||E|
|Market value at 1January 2022||1,648,083|1,648,083||
|Additions
at cost||50,911|50,911|1,654,705|
|Sale proceeds on disposal||(38,145)|(38,145)||
|Gain/(loss)
in the year:|||||
|—realised||(12,960)|(12,960)||
|—unrealised||(252,991)|(252,991)|(6,622)|
|Market value at||1,394,898|1,394,898|1,648,083|
|31December 2022|||||
|Cash on deposit at||21,978|21,978|43,165|
|31December 2022|||||
|Total market value||1,416,876|1,416,876|1,691,248|
|ofinvestments
at|||||
|31December 2022|||||
|Historic cost at||6626,472|1,628,472|1,654,805|
|31December 2022|||||
|ANALYSIS OF INVESTMENTS - LISTED INVESTMENTS|||||
||||2022|2021|
||||f|f|
|UK quoted equities|||1,020,366|1,186,432|
|UK quoted bonds|||374,532|461,651|
|Cash held for reinvestment|||21,978|43,165|
||||1,416,876|1,691,248|
##
##
##
|Class ofs
Ordinary|ha|re||Holding
100|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||f|f|
|Aggregate|capital and||reserves||232|232|
|Profit/(loss)||for the year|||||
|ANALYSIS|OF INVESTMENTS - NEITHER|||LISTED NOR UNLISTED|||
|Investments||(neither|listed nor unlisted)|were as follows|||
||||||2021|2020|
||||||f|E|
|Cups and|trophies||||4,036|4,036|
|DEBTORS:AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||
||||||2022|2021|
||||||f|f|
|Trade debtors||||||3,015|
|Amounts|owed by group undertakings||||30,563|15,426|
|Tax|||||447|431|
|VAT|||||9,932|4,417|
|Prepayments||and accrued income|||43,594|5,461|
||||||84,536|28,750|
##
|CREDITORS:|AMOUNTS|FALLING DUE WITHIN O|NE YEAR|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|f|
|Trade creditors||||31,684|7,781|
|Social security and other taxes||||905||
|Other creditors||||1,244|7,175|
|Accruals and|deferred|income||11,753|12,595|
|||||45,586|27,551|
|MOVEMENT|IN FUNDS|||||
|||||Net||
|||||movement|At|
||||At 1.1.22|in funds|31.12.22|
||||E|f|E|
|Unrestricted|funds|||||
|General fund|||3,468,928|(323,817)|3,145,111|
|TOTALFUNDS|||3,468,928|(323,817)|3,145,111|
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||E|E|E|E|
|Unrestricted|funds|||||
|General fund||322,642|(380,507)|(265,952)|(323,817)|
|TOTALFUNDS||322,642|(380,507)|(265,952)|(323,817)|
##
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.21|in funds|31.12.21|
|||E|E|E|
|Unrestricted|funds||||
|General fund||3,634,984|(166,056)|3,468,928|
|TOTAL FUNDS||3,634,984|(166,056)|3,468,928|
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||E|E|E|E|
|Unrestricted|funds|||||
|General fund||107,050|(266,484)|(6,622)|(166,056)|
|TOTAL FUNDS||107,050|(266,484)|(6,622)|(166,056)|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.21|in funds|31.12.22|
|||E|E|6|
|Unrestricted|funds||||
|General fund||3,634,984|(489,873)|3,145,111|
|TOTALFUNDS||3,634,984|(489,873)|3,145,111|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||E|E|E|E|
|Unrestricted|funds|||||
|General fund||429,692|(646,991)|(272,574)|(489,873)|
|TOTAL FUNDS||429,692|(646,991)|(272,574)|(489,873)|
##
##
##
##
##
##
||2022|2021|
|---|---|---|
||E|E|
|Within one year|10,000|10,000|
|Between two and five years|40,000|40,000|
|In more than five years|33I333|43,333|
||83,333|93.333|