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|---|---|---|---|
|Council of Management's||Report||
|Report ofthe Independent||Auditors||
|Statement of Financial|Activities||10|
|Balance Sheet||||
|Notes to the Financial|Statements||12|
##
|SORP 2019(FR|S102).|S102).|S102).||||||
|---|---|---|---|---|---|---|---|---|
|Reference and|Administrative|||Information
(see additional
information)|||||
|Charity Name:|||||Suffolk Sheep Society||||
|Charity registration||number:|||211348||||
|OSCR registration||number:|||SC043459||||
|Company
registration|||number:||22684||||
|Registered
office|||||and operational
address:||||
|One Eastwood|||||Unit 19Ballymena
Business Centre||||
|Harry Weston Road|||||62 Fenaghy Road||||
|Binley Business Park|||||Galgorm,
Ballymena,||||
|Coventry|||||Co Antrim,
N Ireland||||
|CV3 2UB|||||BT42 1FL||||
|President:|||||W Fleming||||
|President-Elect:|||||VSamuel||||
|||||COUNCIL OF MANAGEMENT|||||
|||||Area represenfed|||||
|Chairperson:|MJ|Weaver||West Midlands|and Monmouthshire||||
|Vice-|||||||||
|chairperson:|Miss||JSoulsby|Northumberland,|Cumbria,
Durham
and|Isle of Man|||
|Members:|||||||||
|R Greig||||Northern
Scotland Retired 10/12/2020|||||
|I R Barbour||||South ofScotland|||||
|JStewart||||Northern
Ireland|||||
|I Porter||||Northern
Ireland|Retired 10/12/2020||||
|Miss L Needham||||Lancashire,
Yorkshire and Lincolnshire|||||
|Mrs SEggleston||||Midland
and Eastern Counties
Retired 10/12/2020|||||
|N STowns||||Western Area Retired 10/12/2020|||||
|Miss D Lindon||||South East|||||
|A Reed||||South West|||||
|D Miskelly||||Northern
Scotland Appointed
10/12/2020|||||
|A Evans||||Wales excluding|Monmouthshire
Appointed||10/12/2020||
|M Pinny||||Middle and Eastern Counties Appointed||10/12/2020|||
|D O'Mahony
0 Deane||||South of Ireland
South of Ireland|Appointed
10/12/2020
Appointed
10/12/2020||||
|M Priestley||||Northern
Ireland|Appointed
10/12/2020||||
|Chief Executive||||R Mcllrath|||||
|Personal Assistants||||A McCullough,|M Fenton and KAllen||||
|Auditors:|||Dafferns LLP, One Eastwood,
Harry Weston Road,||||Binley|Business Park, Coventry,|
||||CV3 2UB||||||
|Bankers:|||Lloyds Bank pic, 48 Belle Vue Terrace, Malvern,|||Worcs, WR14 4QG|||
||||Bank of Ireland,
Lower Baggot Street, Dublin 2||||||
|Solicitors:|||Lodders|Solicitors LLP,|Elm Court, Arden Street,|Stratford||upon Avon, CV37 6PA|
|Investment
advisors:|||Charles|Stanley 8 Co., 9-10StAndrew Square,
Edinburgh,||||EH2 2AF|
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|||Note|2021|2020|
|---|---|---|---|---|
|INCOME|||||
|Voluntary
income|||||
|Members subscriptions|||76,218|72,631|
|Gift aid|||11,598|8,847|
|Other income|||||
|Government
grant income|||8,819|6,381|
|Charitable
activities|||221,876|188,426|
|Activities to generate funds|||||
|Investment
income|||12,724|13,367|
|Interest receivable|||15|350|
|Gain(Loss) on foreign exchange|||(914)|126|
|Total income|||330,336|290,128|
|EXPENDITURE|||||
|Voluntary
income|||43,025|42,386|
|Charitable
activities|||225,331|183,389|
|Head Office costs|||58,057|40,708|
|Total expenditure|||326,413|266,483|
|Net incoming/(outgoing)|resources||||
|for the period|||3,923|23,645|
|OTHER RECOGNISED GAINS AND LOSSES|||||
|Net gains/(losses)
on investments|||84,243|(13,719)|
|Net income/(expenditure)|for year||88,166|9,926|
|Reconciliation
offunds|||||
|Funds brought
forward at|beginning|ofperiod|806,269|796,343|
|Balances carried forward|at.end ofperiod||894,435|806,269|
##
|||SUFFOLK SHEEP SOCIETY|||
|---|---|---|---|---|
|||BALANCE SHEET|||
|||30September 2021|||
|||Note|2021|2020|
|FIXEDASSETS|||||
|Tangible assets|||12,252|15,821|
|Investments|||690,817|601,142|
||||703,069|616,963|
|CURRENT ASSETS|||||
|Stocks||9|1,290|2,412|
|Debtors||10|54,822|45,825|
|Cash at bank and|in hand||185,963|188,396|
||||242,075|236,633|
|CREDITORS|||||
|Amounts
falling due within one year|||(50,709)|(47,327)|
|NET CURRENT ASSETS|||191,366|189,306|
|TOTAL ASSETS|LESSCURRENT||||
|LIABILITIES|||894,435|806,269|
|NET ASSETS|||894,435|806,269|
|FUNDS|||||
|Unrestricted
funds|||||
|General reserves||12|894,435|806,269|
|TOTAL FUNDS|||894,435|806,269|
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||EXPENDITURE||||2021|2020|
|---|---|---|---|---|---|---|
||Voluntary
income||||||
||Support costs||||||
||Salaries and wages||costs||33,220|34,071|
||Office administration||costs||8,083|6,519|
||Depreciation||||1,722|1,796|
||||||43,025|42,386|
||Direct charitable|activities|||||
||Breed promotion|expenses|||62,208|55,033|
||Flock book expenses||||2,299|2,814|
||Cost ofyear book||||9,567|11,937|
||Testing||||43,913|16,064|
||Other||||20,424|19,013|
||Support costs||||||
||Salaries and wages||costs||67,112|63,123|
||Office administration||costs||16,328|12,078|
||Depreciation||||3,480|3,327|
||||||225,331|183,389|
||Support costs are|allocated||based on the proportion|ofincome generated.||
|5.|HEAD OFFICE COSTS||||2021|2020|
||Legal fees and professional|||fees|19,943|1,933|
||Audit||||2,600|2,600|
||Accountancy fees||||12,000|12,110|
||Stockbroker fees||||5,516|6,551|
||Head office running||costs||15,621|13,380|
||Council meetings|and.AGM|||2,377|4,134|
||||||58,057|40,708|
##
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|STAFF CO|STS AND|COUNCIL O|F MAN|AGE|MENT
REM|UNE|RATIO|N||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021f|2020f|
|Staff costs||||||||||
|Wages and|salaries|||||||90,727|88,240|
|Social security costs||||||||3,733|3,814|
|Pension costs||||||||3,998|3,745|
|Other staff costs||||||||1,874|1,395|
|||||||||100,332|97,194|
|The average|number ofemployees||was:|||||2021|2020|
|Administration||||||||||
|No employee|received|emoluments|in excess||of260,000.|||||
|No member|ofthe Council ofManagement|||received any remuneration||||and the total value of||
|reimbursed|expenses|were E2,157|reimbursed||to 16members||ofthe|council.||
|Costs incurred
in the management|||and|administrations||of|the charity include:|||
|Auditors'
remuneration||—audit||||||2,600|2,600|
##
##
|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
||||Challenge|||
||Office||cups|and||
||equipment|Database|trophies||Total|
||||E|||
|Cost orvaluation||||||
|At 1 October 2020|29,125|14,037||10|43,172|
|Additions|1,633||||1,633|
|At 30September 2021|30,758|14,037|10||44,805|
|Depreciation||||||
|At 1 October 2020|18,929|8,422|||27,351|
|Charge for year|2,395|2,807|||5,202|
|At 30September 2021|21,323|11,229|||32,553|
|Net book value||||||
|At 30September 2021|9,435|2,808|10||12,252|
|At 30September 2020|10,196|5,615|10||15,821|
|administrative
purpo|ses.|||||
|---|---|---|---|---|---|
|INVESTMENTS|||Listed|Unlisted||
||||Investments|Investments|Total|
|||||F||
|Valuation||||||
|At 1 October 2020|||601,142||601,142|
|Additions|||86,750||86,750|
|Disposal proceeds|||(81,318)||(81,318)|
|Net realised and unrealised||gains|84,243||84,243|
|At 30September 2021|||690,817||690,817|
|Quoted investments|at market value comprise:|||2021|2020|
||||||E|
|British Government|securities|||176,749|178,964|
|Ordinary
stocks and|shares|||514,068|422,178|
|||||690,817|601,142|
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||Investments
in in
-are:|d|ividual
entities held at 30September 20|21 which are over 5'/o of|portfolio by value|
|---|---|---|---|---|---|
||||||Market value|
||UK Govt Stk 2.25'/o 07/09/23||||41,496|
||UK Govt Stk 2.5'/o 17/07/24||||43,026|
||Finsbury
Growth|8 Income Trust|||45,026|
||JP Morgan
Mid Cao Inv Trust Ord GBP0.25||||42,035|
||Axa Framlington|Unit Mangt Fund|||37,413|
||MLG Investment||Man Global Dividend||39,566|
||Scot Mort Inv Tst||Ord GBP0.25||42,769|
|9.|STOCKS|||2021|2020|
||Promotional
items|||1,290|2,412|
|10.|DEBTORS|||||
||Trade debtors|||31,798|28,684|
||Other debtors|||22,324|16,621|
||P repayments|||700|520|
|||||54,822|45,825|
|11.|CREDITORS - due within one year|||2021|2020|
||Trade creditors|||34,337|22,616|
||Accruals|||6,771|4,354|
||Other taxes and|social security||8,350|19,225|
||Other creditors|||1,251|1,132|
|||||50,709|47,327|
##
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|---|---|---|
|RESERVES|General||
||reserves|Total|
||E||
|At 1 October 2020|806,269|806,269|
|Retained
gain|||
|for the year|88,166|88,166|
|At 30September 2021|894,435|894,435|
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