2022-09-30-accounts

			Page
Council ofManagement's		Report
Report ofthe Independent		Auditors
Statement of Financial	Activities		10
Balance Sheet
Notes to the Financial	Statements

SORP 2019(FRS102).	SORP 2019(FRS102).	SORP 2019(FRS102).
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						BT421FL
President:						V Samuel
President-Elect:						A Barkley
			COUNCIL			OF MANAGEMENT
			Area represented
Chairperson: MJWeaver			West Midlands		and Monmouthshire

Members:
I R Barbour		South of Scotland
JStewart		Northern Ireland
M Priestley		Northern Ireland
Miss L Needham		Lancashire, Yorkshire and Lincolnshire
Miss D Lindon		South East
A Reed		South West
A Evans		Wales excluding Monmouthshire
D Miskelly		Northern Scotland
M Pinny		Middle and Eastern Counties
W Fleming		Co-opted by Council Appointed 3 November 2021
Chief Executive		R Mcllrath
Personal Assistants		A McCullough, M Fenton, KAllen and J	Farmer
Auditors:		Dafferns LLP, One Eastwood, Harry Weston Road, Binley		Business Park, Coventry,
		CV3 2UB
Bankers:		Lloyds Bank pic, 48 Belle Vue Terrace, Malvern,	Worcs, WR144QG
		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 &Co., 9-10StAndrew Square,	Edinburgh,	EH2 2AF

		Note	2022	2021
INCOME FROM:
Voluntary income
Members subscriptions			60,436	76,218
Gift aid			11,400	11,598
Charitable activities			214,405	220,962
Investments
Investment income			13,601	12,724
Interest receivable			26	15
Other income
Government grant	income			8,819
Total income			299,868	330,336
EXPENDITURE ON:
Voluntary income			40,943	43,025
Charitable activities			224,020	225,331
Head Office costs			57,776	58,057
Total expenditure			322,739	326,413
Net income / (expenditure)
			(22,871)	3,923
OTHER RECOGNISED GAINS AND LOSSES:
Net gains/(losses)	on investments		(78,013)	84,243
Net movement, in	funds		(100,884)	88,166
RECONCILIATION	OF FUNDS:
Funds brought forward at beginning		ofperiod	894,435	806,269
Balances carried forward at end		ofperiod	793,551	894,435

	SUFFOLK SHEEP SOCIETY
	BALANCE SHEET
	30September 2022
	Note	2022	2021
		F.	E
FIXEDASSETS
Tangible assets		8,413	12,252
Investments		602,464	690,817
		610,877	703,069
CURRENT ASSETS
Stocks	9	2,325	1,290
Debtors	10	67,538	54,822
Cash at bank and in hand		156,205	185,963
		226,068	242,075
CREDITORS
Amounts falling due within one year		(43,394)	(50,709)
NET CURRENT ASSETS		182,674	191,366
TOTAL ASSETS LESSCURRENT
LIABILITIES		793,551	894,435
NET ASSETS		793,551	894,435
FUNDS
Unrestricted funds
General reserves	12	793,551	894,435
TOTALFUNDS		793,551	894,435

differences and realised foreign exchange differences are	differences and realised foreign exchange differences are	differences and realised foreign exchange differences are	taken to the profit and los	s account.
INCOME FROM CHARITABLE ACTIVITIES			2022f	2021
Flock book registration			129,903	141,820
Surplus from Society sales and promotion		levy	32,792	15,987
Flock book sales			2,646	3,521
Testing			27,086	35,429
Other			22,078	24,205
			214,405	220,962
INVESTMENT INCOME			2022	2021
Income from UK listed investments	and
unit trusts			13,601	12,724

4.	EXPENDITURE				2022	2021
					F
	Voluntary income
	Support costs
	Salaries and wages		costs		33,525	33,220
	Office administration		costs		5,934	8,083
	Depreciation				1,484	1,722
					40,943	43,025
	Direct charitable	activities
	Breed promotion	expenses			53,140	62,208
	Flock book expenses				4,779	2,299
	Cost ofyear book				11,864	9,567
	Testing				27,101	43,913
	Other				24,419	20,424
	Support costs
	Salaries and wages		costs		84,106	67,112
	Office administration		costs		14,887	16,328
	Depreciation				3,724	3,480
					224,020	225,331
	Support costs are	allocated		based on the proportion	of income generated.
5.	HEAD OFFICE COSTS				2022	2021
						E
	Legal fees and professional			fees	9,421	19,943
	Audit				2,600	2,600
	Accountancy fees				12,000	12,000
	Stockbroker fees				5,476	5,516
	Head office running		costs		20,305	15,621
	Council meetings	and AGM			7,974	2,377
					57,776	58,057

STAFF COSTS AND COUNCIL OF MANAGE	MENT REMUNERATION
	2022f	2021
Staff costs
Wages and salaries	101,744	90,727
Social security costs	5,030	3,733
Pension costs	3,703	3,998
Other staff costs	7,154	1,874
	117,631	100,332

The average	monthly	number ofem	ployees an	d full time e	quiva	lents	(FTE)was:
				2022		2022	2021		2021
				Number		FTE	Number		FTE
Administration						4	3			3
No employee	received	emoluments	in excess	of260,000.
No member	of the	Council of Management		received	any	remuneration and		the	total	valu
reimbursed	expenses	were F7,974	reimbursed	to 16members		ofthe	council.
Costs incurred in the management			and administrations		of	the charity include:
Auditors' remuneration							2,600			2,600

TANGIBLE FIXEDASSETS
			Challenge
	Office		cups	and
	equipment	Database	trophies		Total
	F	F.	F
Cost orvaluation
At 1 October 2021	30,758	14,037		10	44,805
Additions	1,370				1,370
At 30September 2022	32,128	14,037		10	46,175
Depreciation
At 1 October 2021	21,324	11,229			32,553
Charge for year	2,401	2,808			5,209
At 30September 2022	23,723	14,037			37,762
Net book value
At 30September 2022	8,403		10		8,413
At 30September 2021	9,434	2,808	10		12,252

INVESTMENTS					Listed
					Investments
					F
Valuation
At 1 October 2021					690,817
Additions					103,186
Disposal proceeds					(113,526)
Net realised and unrealised		gains	/ (losses)		(78,013)
At 30September 2022					602,464
Listed investments	at market	value	comprise:	2022	2021f
British Government	securities			168,601	176,749
Ordinary stocks and shares				433,863	514,068
				602,464	690,817

	f342,635)which	are held	outside	the UK.
	Investments in	individual	entities	held at 30 September	2022 which are over 5% of portfolio by value
	are:
						Market value f
	Foreign &col investment		trust 25p ord			34,650
	UK Govt Stk2.5% 17/07/24					43,110
	UK Govt Stk 2.25% GILT		07/09/23			39,368
	M&G Investment	Man Global				38,335
	Finsbury Growth	&Income Trust				41,120
9.	STOCKS				2022f	2021 E
	Promotional items				2,325	1,290
10.	DEBTORS
	Trade debtors				33,111	31,798
	Other debtors				33,583	22,324
	Prepayments				844	700
					67,538	54,822
11.	CREDITORS - due within		one year		2022	2021
	Trade creditors				22,285	34,337
	Accruals				7,076	6,771
	Other taxes and	social security			13,627	8,350
	Other creditors				406	1,251
					43,394	50,709