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|---|---|---|---|
|Council ofManagement's||Report||
|Report ofthe Independent||Auditors||
|Statement of Financial|Activities||10|
|Balance Sheet||||
|Notes to the Financial|Statements|||
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|
SORP 2019(FRS102).|
SORP 2019(FRS102).|
SORP 2019(FRS102).||
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|---|---|---|---|---|---|---|
|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|
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|||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|
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||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|
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|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|
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|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|
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|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|
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|---|---|---|---|---|---|
|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|
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||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|
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