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|Council ofManagement's
Report||
|---|---|
|Report ofthe Independent
Auditors||
|Statement ofFinancial Activities|10|
|Balance Sheet||
|Notes to the Financial Statements|12|
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|SORP 201|9(FR|S102).|S102).|S102).||||||
|---|---|---|---|---|---|---|---|---|---|
|Reference|snd|Administrative|||Information
(see addiTional
information)|||||
|Chadity Name:||||||Suffolk Sheep Society||||
|Chadity
registration|||number|||211348||||
|OSCR registration|||number:|||SC043459||||
|Company
registration||||number:||22684||||
|Registered|office|||||and operational
address:||||
|One Eastwood||||||Unit 19Ballymena
Business Centre||||
|Hany Weston Road||||||62 Fenaghy
Road||||
|Binley|Business Park|||||Galgorm,
Ballymena,||||
|Coventry||||||Co Antrim,
N Ireland||||
|CV3 2UB||||||BT42 1FL||||
|President:||||||A Barkley||||
|President-Elect:||||||P Machray||||
||||||COUNCIL OF MANAGEMENT|||||
||||||Area represented|||||
|Chairperson:||JSoulsby|||Northumberland,|Cumbria,
Durham|and|Isle of Man||
|Vlce-||||||||||
|chsirperson:||A Evans|||Wales excluding|Monmouthshire||||
|Members:||||||||||
|I R Barbour|||||South ofScotland|||||
|W Fleming|||||Co-opted by Council (appointed
3 November 2022)|||||
|D Lindon|||||South East|||||
|D Miskelly|||||Northern
Scotland|||||
|L Needham|||||Lancashire,
Yorkshire and Lincolnshire|||||
|M Pinny|||||Middle and Eastern Counties|||||
|M Priestley|||||Northern
Ireland|||||
|A Reed|||||South West|||||
|J Stewart|||||Northern
Ireland|||||
|M Weaver|||||West Midlands|and Monmouthshire||||
|Chief Executive|||||B LTurner (appointed
31 December||2022)|||
||||||R Mcllrath (resigned
31 December 2022)|||||
|Personal Assistants|||||A McCullough,|M Fenton, G Farmer,|and|H Hare||
|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,||Strafford|upon Avon, CV37 6PA|
|Invesbnent|advisors:|||Charles|Stanley 8 Co.,|9-10 St Andrew Square,||Edinburgh,|EH2 2AF|
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|||Note|2023|2022|
|---|---|---|---|---|
|||||restated|
|||||6|
|INCOME FROM:|||||
|Voluntary
income
Members
subscriptions
Gift aid|||86,276
11,240|60,436
11,400|
|Charitable
activities|||194,968|207,731|
|Investments|||||
|Investment
income|||13,324|13,601|
|Interest receivable|||191|26|
|Total income|||305,999|293,194|
|EXPENDITURE ON:|||||
|Voluntary
income
Charitable
activities|||57,555
250,434|40,943
224,020|
|Head Office costs|||56,311|57,776|
|Total expenditure|||364,300|322,739|
|Net income
/ (expenditure)|||(58,301)|(29,545)|
|OTHER RECOGNISED GAINS AND LOSSES:|||||
|Net gains/(losses)
on investments|||14,249|(78,013)|
|Net movement
in funds|||(44,052)|(107,558)|
|RECONCILIATION
OF FUNDS:|||||
|Funds brought
forward at beginning
Prior year adjustment|ofperiod|15|793,551
(6,674)|894,435|
|Funds brought forward at beginning|ofperiod,|restated|786,877|894,435|
|Balances carried forward at end|ofperiod||742,825|786,877|
##
||||Company
registration|number: 2268|
|---|---|---|---|---|
|||BALANCE SHEET|||
|||30September 2023|||
|||Note|2023|2022|
|||||restated|
|||||E|
|FIXEDASSETS|||||
|Tangible assets
Investments|||5,989
554,580|8,413
602,464|
||||560,569|610,877|
|CURRENT ASSETS|||||
|Stocks||9|3,031|2,325|
|Debtors||10|39,012|67,538|
|Cash at|bank and in hand||166,427|149,531|
||||208,470|219,394|
|CREDITORS|||||
|Amounts|falling due within one year||26,214|(43,394)|
|NET CURRENT ASSETS|||182,256|176,000|
|TOTAL|ASSETS LESSCURRENT||||
|LIABILITIES|||742,825|786,877|
|NET ASSETS|||742,825|786,877|
|FUNDS|||||
|Unrestricted
funds|||||
|General|reserves|12|742,825|786,877|
|TOTAL|FUNDS||742,825|786,877|
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|are
g
differences
and realised foreign exchange differences are|are
g
differences
and realised foreign exchange differences are|are
g
differences
and realised foreign exchange differences are|
taken to the profit and los|s account.|
|---|---|---|---|---|
|INCOME FROM CHARITABLE ACTIVITIES|||2023|2022|
|||||restated|
|||||6|
|Flock book registration
Surplus from Society sales and promotion
Year book income||levy|126,109
29,911
5,399|123,229
32,792
7,843|
|Flock book sales|||2,155|2,646|
|Testing
Other|||29,681
1,713|27,086
14,135|
||||194,968|207,731|
|INVESTMENT INCOME|||2023
6|2022f|
|Income from UK listed investments|and||||
|unit trusts|||13,324|13,601|
##
|EXPENDITURE|||2023|2022|
|---|---|---|---|---|
||||8|8|
|Voluntary
income|||||
|Support costs
Salaries and wages
Office administration|costs
costs||47,078
9,469|33,525
5,934|
|Depreciation|||1,008|1,484|
||||57,555|40,943|
|Direct charitable
activities|||||
|Breed promotion expenses
Flock book expenses
Cost ofyear book
Testing
Other|||48,825
2,480
13,950
36,742
50,439|53,140
4,779
11,864
27,101
24,419|
|Support costs
Salades and wages
Office administration|costs
costs||80,161
16,122|84,106
14,887|
|Depreciation|||1,715|3,724|
||||250,434|224,020|
|Support costs are allocated||based on the proportion|ofincome generated.||
|HEAD OFFICE COSTS|||2023|2022|
||||8|8|
|Legal fees and professional
Audit||fees|3,471
2,800|9,421
2,600|
|Accountancy
fees
Stockbrokers fees|||13,503
5,287|12,000
5,476|
|Head oflice running
costs
Council meetings
and AGM|||22,009
9,241|20,305
7,974|
||||57,776|56,311|
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|STAFF COSTS AND COUNCIL OF MANAGE|MENT
REMUNERATION||
|---|---|---|
||2023|2022|
||2|6|
|Staffcosts|||
|Wages and salaries
Social security costs
Pension costs|109,331
5,720
4,543|101,744
5,030
3,703|
|Other staff costs|7,645|7,154|
||127,239|117,631|
|The average
monthly
number|ofemployees
and full time equ|ivalents
(F|TE) was:||
|---|---|---|---|---|
||2023|2023|2022|2022|
||Number|FTE|Number|FTE|
|Administration|4|4|4|4|
##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||||Challenge||
||Ofgce||cups and||
||equipment
E|Database
8|trophies|Totalf|
|Cost or valuation|||||
|At 1 October 2022|32,128|14,037|10|46,175|
|Additions|299|||299|
|At 30September 2023|32,427|14,037|10|46,474|
|Depreciation
At 1 October 2022|23,723|14,037||37,762|
|Charge for year|2,723|||2,723|
|At 30September 2023|26,448|14,037||40,085|
|Net book value|||||
|At 30September 2023|5,979||10|5,989|
|At 30September 2022|8,403||10|8,413|
##
|INVESTMENTS|||||
|---|---|---|---|---|
|||Listed|Unlisted||
|||invesbnents|investment|Total|
||||F|E|
|Valuation|||||
|At 1 October 2022||602,464||602,464|
|Additions||45,729|500|46,229|
|Disposal proceeds||(108,362)||(108,362)|
|Net realised and unrealised|gains I(losses)|14,249||14,249|
|At30September 2023||554,080|500|554,580|
|company
incorporat
trading.|ed
on 16January 2023 At the year en|d the company
had not co|mmenced|
|---|---|---|---|
|Listed investments|at market value comprise:|2023|2022|
|British Government|securities|131,132|168,601|
|Ordinary
stocks and shares||422,948|433,863|
|||554,080|602,464|
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||Investments
in ind
are:|ividual
entiti|es
held at 30 September
2|023 which are over 5% o|f porffolio
by val|
|---|---|---|---|---|---|
||||||Market value|
||||||8|
||Foreign &Colonial|Investment|Trust 25p ord||33,996|
||UK Govt Stk Index Linked 17/07/24||||44,740|
||UK Govt Stk 2.25%GILT07/09/23||||30,574|
||Finsbury
Growth &Income Trust||||43,973|
||AXA Framlington
Scottish American|UK Select Opps
Investment
Co.25p ord|||30,503
31,280|
||STOCKS|||2023f|2022|
||Promotional
items|||3,031|2,325|
|10.|DEBTORS|||||
||Trade debtors|||18,167|33,111|
||Other debtors|||11,000|33,583|
||Pre payments
Amounts
owed to|group undertakings||2,579
7,266|844|
|||||39,012|67,538|
|11.|CREDITORS - due within one year|||||
||Trade creditors|||9,506|22,285|
||Accruals|||3,901|7,076|
||Other taxes and social security|||12,256|13,627|
||Other creditors|||551|406|
|||||26,214|43,394|
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