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||**Page**|
|---|---|
|Trustees|1|
|Legal and Administrative Information|2|
|Council Members Report|3|
|Independent Examiner's Report|11|
|Statement of Financial Activities|12|
|Balance Sheet|13|
|Statement of Cash Flows|14|
|Notes to the Financial Statements|15|





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|**Risk**|**Mitigation**|
|---|---|
|Poor weather significantly impacts cancellation of events|Discounts are offered for advance purchase of|
|outside of the Society's control.|tickets.|
||Insurances are in place to cover any financial|
||liability should the show or other events be|
||cancelled.|
||The reserves policy reflects the need to continue|
||to operate after a poor year.|
|Employment law failure|A procedure is in place to deal with disciplinary|
||actions relating to members of staff to include|
||professional advice if required.|
||A staff handbook has been issued.|
||Contracts are reviewed on an annual basis with|
||staff assessments.|





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|**Membership**|**2020**|**2019**|**2018**|**2017**|**2016**|
|---|---|---|---|---|---|
|Single Member|529|668|677|680|717|
|Double Members *2 Persons|152|182|193|206|206|
|Life **Members**|440|451|458|460|479|
|Silver Members — previously Associate|18|18|30|29|25|
|Bronze Members — previously Junior|163|247|230|244|216|
|Overseas — Single|17|14|**18**|19|17|
|Overseas — Double|4|3|5|3|3|
|Overseas — Life|40|43|47|47|51|
|Overseas — Silver|1|1|1|1|1|
|Overseas — Bronze|8|6|9|7|8|
|Total Membership|1372|1633|1668|1696|1723|
|Total Members|1528|1818|1866|1905|1932|





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|**National Championship Show**|**2020**|**2019**|**2018**|**2017**|**2016**|
|---|---|---|---|---|---|
|Pure Bred Arabs||491|534|503|482|
|Anglo Arabs|−|28|19|19|25|
|Part Bred Arabs||100|115|134|162|
|Open & Special Classes||233|247|197|240|
|Dressage||94|125|108|137|
|Show lumping||20|41|64|74|
|Total Entries||966|1081|1025|1120|
|Exhibitors||247|256|256|305|
|Horses||396|429|426|498|



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|**Registrations**|**2020**|**2019**|**2018**|**2017**|**2016**|
|---|---|---|---|---|---|
|Pure Bred Arabs|225|240|309|389|378|
|Anglo Arabs|15|6|15|12|20|
|Part Bred Arabs|132|228|271|289|277|
|Total Registrations|372|474|595|690|675|
|Transfers of Ownership|618|715|575|941|882|
|Imports Registered|50|62|86|79|81|
|Exports Registered|85|149|160|185|142|
|Stallions Licensed/Entered|36|29|30|35|39|



|**Exports 2020**||**Imports 2020**||
|---|---|---|---|
|Austria|1|Bahrain|2|
|Bahrain|3|Belgium|1|
|Belgium|5|Denmark|2|
|Denmark|1|France|16|
|Egypt|2|Germany|5|
|France|31|Hungary|1|
|Germany|1|Italy|2|
|Italy|2|Netherlands|2|
|Iran|1|Poland|7|
|Jordan|2|Russia|1|
|Kuwait|6|Saudi Arabia|1|
|Netherlands|5|Spain|2|
|Poland|2|Sweden|2|
|Qatar|1|UAE|3|
|Saudi Arabia|6|USA|3|
|Spain|5|||
|Sweden|3|||
|UAE|8|||
|Total|85|Total|50|





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|||**Restricted**|**Unrestricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**funds**|**funds**|
|||**2020**|**2020**|**2020**|**2019**|
||Note|£|£|£|£|
|**INCOME FROM:**||||||
|Donations and legacies|2|1,115|43,385|44,500|96,829|
|Charitable activities|4||87,750|87,750|207,108|
|Investments|3|632|12,417|13,049|14,234|
|Job retention scheme grants||−|5,050|5,050|−|
|**TOTAL INCOME**||1,747|148,602|150,349|318,171|
|**EXPENDITURE ON:**||||||
|Charitable activities|5|500|205,573|206,073|324,123|
|**TOTAL EXPENDITURE**||500|205,573|206,073|324,123|
|**NET INCOME/ (EXPENDITURE) BEFORE**||||||
|**INVESTMENT GAINS/(LOSSES)**||1,247|(56,971)|(55,724)|(5,952)|
|Net (losses) / gains on investments|11||(2,191)|(2,191)|44,183|
|**NETINCOME!(EXPENDITURE) BEFORE**||||||
|**OTHER RECOGNISED GAINS AND LOSSES**||1,247|(59,162)|(57,915)|38,231|
|**NET MOVEMENT IN FUNDS**||1,247|(59,162)|(57,915)|38,231|
|**RECONCILIATION OF FUNDS:**||||||
|Total funds brought forward||71,828|1,535,651|1,607,479|1,569,248|
|**TOTAL FUNDS CARRIED FORWARD**||73,075|1,476,489|1,549,564|1,607,479|





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|||**2020**|2019|
|---|---|---|---|
||Note||**E**|
|**FIXED ASSETS**||||
|Tangible assets|10|**558,254**|522,579|
|Investments|11|**240,348**|242,539|
|||**798,602**|765,118|
|**CURRENT ASSETS**||||
|Stocks|12|**12,493**|9,917|
|Debtors|13|**34,640**|33,153|
|Investments|14|**242,527**|502,089|
|Cash at bank and in hand||**532,627**|327,467,|
|||**822,287**|872,626|
|**CREDITORS:** amounts failing due within||||
|one year|15|**(71,325)**|(30,265)|
||||_|
|**NET CURRENT ASSETS**||**750,962**|842,361|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||**1,549,564**|1,607,479|
|**CREDITORS:** amounts falling due after|16|||
|morethan one year||||
|**NET ASSETS**||**1,549,564**|1,607 479|
|**CHARITY FUNDS**||||
|Restricted funds|18|**73,075**|71,828|
|Unrestricted funds|18|**1,476,489**|1,535,651|
|TOTAL FUNDS||**.1,549,564**|**'1,607,479,**|



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|||2020|2019|
|---|---|---|---|
||Note|||
|Cash flows from operating activities||||
|Net cash used in operating activities|20|(18,792)|(20,071)|
|**Cash flows from investing** activities:||||
|Dividends, interest and rents from investments||13,049|14,234|
|Purchase of tangible fixed assets||(48,659)|(220,794)|
|**Net cash (used in)/provided by investing**activities||(35,610)|(206,560)|
|**Change in cash and cash equivalents in the year**||04,402);|(226,631)|
|Cash and cash equivalents brought forward||,829,556.|1,056,187|
|Cash and cash equivalents carried forward|21|775,154|829,556|





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|**ME FROM DONATIONS AND LEGACIES**|||||
|---|---|---|---|---|
||Restricted|Unrestricted|Total|Total|
||funds|funds|funds|funds|
||2020|2020|2020|2019|
||£|f|f|f|
|Membership subscriptions|720|39,459|40,179|57,135|
|Legacies|−|−|−−|26,949|
|HON'S fund|395|−|395|505|
|Malvern donations|−|−.|,|6,977|
|General donations||79|79|488|
|Gift Aid||3,847|3,847|4,775|
|Total donations and legacies|1,115|43,385|44,500|96,829|
|Total 2019|505|96,324|96,829||



## 

|**STMENT INCOME**|||||
|---|---|---|---|---|
||Restricted|Unrestricted|Total|Total|
||funds|funds|funds|funds|
||2020|2020|2020|2019|
||f|f|f|E|
|Investment income|632|12,417|13,049|14,234|
|Total 2019|628|13,606|14,234 s||





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|**4 **|**INCOME FROM CHARITABLE ACTIVITIES**|||||||
|---|---|---|---|---|---|---|---|
|||Restricted||Unrestricted||Total|Total|
|||funds|||funds|funds|funds|
|||2020|||2020|2020|2019|
|||f|||f|f|f|
||Public relations and marketing||||8,527|8,527|9,894|
||Stud book and registration||||78,608|78,608|96,252|
||Shows and events||||615|615|91,195|
||HOYS Fund|||||−|9,767|
||||||87,750|87,750|207,108|
||Total 2019|10,617|||196,491|207,108||
|**5 **|**EXPENDITURE BY CHARITABLE ACTIVITY**|||||||
|||Restricted||Unrestricted||Total|Total|
|||funds|||funds|funds|funds|
|||2020|||2020|2020|2019|
|||f|||f|f|f|
||Public relations and marketing||||59,985|59,985|63,457|
||Stud book and registration||||109,883|109,883|116,826|
||Shows and events|500|||25,790|26,290|122,178|
||HOYS fund|||||−|10,600|
||Governance costs||−||9,915|9,915|11,062|
||Total|500|||205,573|206,073|324,123|
|**6 **|**ALLOCATION OF SUPPORT COSTS TO ACTIVITIES**|||||||
||Included within the figures above are the following support||costs.|||||
|||||||2020|2019|
|||||||f|£|
||Staff costs|||||87,483|87,424|
||Printing, postage and telephone|||||6,797|11,416|
||Depreciation|||||2,641|1,665|
||Legal and professional|||||8,945|9,801|
||Office costs|||||9,015|9,427|
||Computer support|||||10,828|9,219|
||Travel, training and conferences|||||628|1,078|
||Welfare fund|||||500|1,000|
||Other costs|||||2,723|2,235|
||Total support costs|||||129,560|133,265|



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||**2020**|**2019**|
|---|---|---|
|**Public relations and marketing**|**29,151**|**29,985**|
|**Stud book and registration**|**77,736**|**79,959**|
|**Shows and events**|**16,195**|**16,658**|
|**Governance**|**6,478**|**6,663**|
|**Total**|**129,560**|**133,265**|



## 

|**GOVERNANCE COSTS**|||
|---|---|---|
||**Total**|**Total**|
||**funds**|**funds**|
||**2020**|**2019**|
|**Independent Examiner's fees**|**3,100**|**3,500**|
|**Annual General Meeting**|**100**|**303**|
|**Council travel**|**237**|**596**|
|**Support costs**|**6,478**|**6,663**|
||**9,915**|**11,062**|





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||2020||2019||
|---|---|---|---|---|
|**Income from donations and** legacies|||||
|Membership subscriptions|39,679||57,135||
|Gift Aid|3,847||4,774||
|||43,526||61,909|
|**Income from charitable activities**|||||
|Arab Horse Society News|8,002||8,601||
|Promotions|525||1,293||
|||8,527||9,894|
|**Expenditure**|||||
|Membership costs|14,222||13,205||
|Arab Horse Society News (including postage)|16,455||15,994||
|Promotion|157||4,273||
|Support costs|29,151||29,985||
|**Total expenditure**||59,985||63,457|
|**Net surplus / (deficit)**||(7,932)||8,346|





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||2020||2019||
|---|---|---|---|---|
|**Income from charitable activities**|||||
|Registration fees (incl. DNA testing)|32,755||38,870||
|Exports and imports|15,317||27,106||
|Transfer fees|14,574||15,153||
|Breed entries and licences|6,952||5,133||
|Duplicate certificates|2,316||3,533||
|Bloodtyping and DNA analysis|550||623||
|Stud books|1,585||2,022||
|Microchips|442||269||
|Other income|4,117||3,543||
|**Total income**||**78,608**||**96,252**|
|**Expenditure**|||||
|Bloodtyping and DNA fees|10,640||13,130||
|Printing, postage and stationery|6,144||13,099||
|Weatherbys system maintenance|||||
|Stud book|364||403||
|Premium scheme costs|367||392||
|WAHO fees|1,406||1,449||
|Subscriptions, conference and meeting fees|727||2,920||
|Committee expenses|||445||
|Travel expenses|||2,153||
|Microchips|1,353||2,168||
|Other costs|11,145||708||
|Stud book printing|||||
|Support costs|77,736||79,959||
|Total expenditure||109,882||116,826|
|Net surplus / (deficit)||(31,274)||20,574)|





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||2020||2019||
|---|---|---|---|---|
|**Income from donations and legacies**|||||
|Donations −AHS National Show||||6,977|
|**Income from charitable activities**|||||
|**AHS** National Show|433||75,722||
|BACS|||10,365||
|Other activities|182||2,394||
|Judges and training|||2,714||
|Marathon|||||
|||615||91,195|
|**Expenditure**|||||
|**AHS** National Show|3,774||90,637||
|BAGS|96||7,956||
|Marathon|||||
|Judges and training|40||3,101||
|Other activities|6,184||3,827||
|Support costs|16,195||16,658||
|Total expenditure||26,289||122,179|
|Net surplus/ (deficit)||(25,674)||(24,007)|





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||2020|||2019||
|---|---|---|---|---|---|
|||_£_||||
|**Income from donations and legacies**||||||
|Donations −AHS National Show|||||6,977|
|**Income from charitable activities**||||||
|Entries|433|||24,264||
|Stabling||||28,225||
|Sponsorship||||5,489||
|Show supporters||||6,540||
|Trade stands||||1,425||
|Catalogue sales and advertising||||3,400||
|Other show income||||6,379||
|||433|||75,722|
|**Expenditure**||||||
|Showground hire||||20,789||
|Extra stabling||||6,400||
|Stable expenses||||3,870||
|Grandstand hire and PA equipment||||5,822||
|Sponsors Tent||||5,492||
|Stewards and DCs (lodging, food & expenses)|304|||10,616||
|Judges (lodging, food & expenses)||||4,905||
|Staff|2,500|||5,000||
|Show Director fees and expenses||||78||
|Printing and postage (schedule & catalogue)|20|||2,627||
|Rosettes|28|||5,266||
|Affiliation fees and subscriptions||||169||
|Security||||4,871||
|Medical cover||||1,606||
|Trade stands||||1,120||
|Weatherbys system and support||||212||
|Insurance||||1,176||
|Gelding prize money||||1,850||
|2019 cancellation refunds||||3,310||
|Other expenses<br>Total expenditure|922 _<br>_|3,774|0|5,458|90,637|
|Net surplus / (deficit)||(3,341):.|||17;938)|





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|**NETINCOME/(EXPENDITURE)**<br>This is stated after charging:|||
|---|---|---|
||2020|2019|
|Depreciation of tangible fixed assets:|||
|−owned by the charity|15,515|1,665|
|Independent Examiner's fees|3,100|3,500|



## 

|**STAFF COSTS**<br>Staff costs were as follows:|||
|---|---|---|
||2020|2019|
|Wages and salaries|73,026|72,684|
|Social security costs|17,280|17,781|
|Other pension costs|2,177|1,959|
||92,483|92,424|



|The average number of persons employed by the company|during the year was as follows:|||
|---|---|---|---|
||2020||2019|
||No.||No.|
|Stud book||||
|Administration and support||1||





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|**TANGIBLE FIXED ASSETS**||||||
|---|---|---|---|---|---|
||||**Office**||**Weatherbys**|
||**Freehold**|**Property**|**equipment &**|**Computer**|**bespoke**|
||**property**|**improvements**|**trophies**|**equipment**|**systems**|
|**Cost**||||||
|At 1 January 2020|297,746|2,532|55,204|172,700|288,033|
|Additions|−|9,230||1,929|37,500|
|At 31 December 2020|297,746|11,762|55,204|174,629|325,533|
|**Depreciation**||||||
|At 1 January 2020||2,532|52,206|170,789|68,111|
|Charge for the year|||643|941|11,399|
|At 31 December 2020||2,532|52,849|171,730|79,509|
|**Net book value**||||||
|At 31 December 2020|297,746|9,230|2,355|2,899|246,024|
|At 31 December 2019|297,746||2,998|1,912|219,923|
||||||Total|
|**Cost**||||||
|At 1 January 2020|||||816,215|
|Additions|||||48,659|
|At 31 December 2020|||||864,874|
|**Depreciation**||||||
|At 1 January 2020|||||293,637|
|Charge for the year|||||12,983|
|At 31 December 2020|||||306,620|
|**Net book value**||||||
|At 31 December 2020|||||558,254|
|At 31 December 2019|||||522,579|





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|**11 **|**FIXED ASSET INVESTMENTS**||||
|---|---|---|---|---|
||||Listed||
||||securities||
||**Market value**||||
||At 1 January 2020||242,539||
||Revaluations||(2,191)||
||At 31 December 2020||240,348||
||**Listed securities at market value comprise**||||
|||2020|2019||
||CCLA Charity investment fund|140,771|128,221||
||M&G Securities|99,577|114,318||
|||240,348|242,539||
|**12 **|**STOCKS**||||
|||2020|2019||
||Promotions and general publications|710|710||
||Publications −news and books|2,797|2,925||
||Publications −stud book|2,546|2,910||
||Microchips|6,440|3,372||
|||12,493|9,917||
|**13 **|**DEBTORS**||||
|||2020|2019||
|||_£_|||
||Trade debtors|473|432||
||VAT|17,033|11,937||
||Prepayments and accrued income|17,134|20,784||
|||34,640|33,153|_|
|**14 **|**CURRENT ASSET INVESTMENTS**||||
|||2020|2019||
||Investments|242,527|502,089||





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|**CREDITORS: Amountsfalling due within one year**|||
|---|---|---|
||2020|2019|
|Bank loans and overdrafts|951||
|Trade creditors|52,820|10,059|
|Other creditors|5,174|4,854|
|Accruals|8,335|12,048|
|Deferred income|4,045|3,304|
||71,325|30,265|



## 

|**CREDITORS: Amounts falling due after more than one year**|||
|---|---|---|
||2020|2019|
|||_£_|
|Unexpired Life Membership subscriptions|||
|**DEFERRED INCOME**|||
||412(:),|2019|
|Balance b/f|3,304|3,405|
|Income released in the year|(3,304)|(3,405)|
|Deferred income received −memberships and other fees|2,725.|1,984|
|Trophy deposits|1,320,|1,320|
|Total|4,045|3,304|



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||Balance at||||Balance at||
|---|---|---|---|---|---|---|
||1 January|||Gains /|31 December||
||2020|Income|Expenditure|(Losses)|2020||
||||||_E_||
|**Designated funds**|||||||
|Property fund|297,746|.:|||297,746||
|The Lady Willingdon Bequest|65,052|651|||65,703||
|The Lady Miranda Emmet Fund|4,226|42|||4,268||
|Patricia Lindsay Bequest|19,721|197|||19,918||
|Norman Laurens Bequest|33,603|336|||33,939||
|Trophies −insurance claim|4,685||||4,685||
||425,033|1,226|||426,259||
|**General funds**|||||||
|General funds|1,110,618|142,326|(200,523),|(2,191)|1,050,230||
|Total Unrestricted funds|1,535,651|143,552|(200,523),|(2,191)|1,476,489||
|**Restricted funds**|Balance at||||Balance at||
||1 January|||Gains /|31 December||
||2020|Income|Expenditure|(Losses)|2020||
||£|£|_E_|E|£||
|HOYS Fund|8,706|395|||9,101||
|The Mary Russell Fund|61,557|616|−||62,173||
|Welfare Fund|1,565|736|' (500)||1,801||
||71,828|1,747|(500)||73,075||
|Total of funds|1,607,479|,<br>145,299|(201,023)|(2,191)|.1,549,564||
||••|||||.|



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|||Balance at|||||Balance at 31||
|---|---|---|---|---|---|---|---|---|
|||1 January||||Gains/|December||
|||2019|Income|Expenditure||(Losses)|2019||
|||E|||||£||
|**Designated funds**|||||||||
|Property fund||297,746|||.,||297,746||
|The Lady Willingdon Bequest||185,200|1,852||(122,000)||65,052||
|The Lady Miranda Emmet Fund||**4,184**|42||||4,226||
|Patricia Lindsay Bequest||19,526|195||||19,721||
|Norman Laurens Bequest||132,280|1,323||(100,000)||33,603||
|Trophies −Insurance claim|||4,685||0||4,685||
|||638,936 _|8,097|−|222,000||425,033||
|**General funds**|||||||||
|General funds||858,430|298,324||(90;319)|44,183|1,110,618||
|Total Unrestricted funds|.|1,497,366_|306,421|_|(512,319)|44,183|1,535,651|_|
||_||||||||
|**Restricted funds**|||||||||
|||Balance at|||||Balance at 31||
|||1 January||||Gains/|December||
|||2019|Income|Expenditure||(Losses)|2019||
|||E|E||E|E|f||
|HOYS Fund||9,034|10,272||(10,600)||8,706||
|The Mary Russell Fund||61,150|611||(204)||61,557||
|Welfare Fund||1,698|867||(1,000)||1,565||
|||71,882|11,750||(11,804),|..,|71,828||
|Total of funds||1,569,248|318,171||(324,123)|44,183|**1,607,479**||





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|**SUMMARY OF FUNDS −CUR**|**RENT YEAR**|||||
|---|---|---|---|---|---|
||Balance at||||Balance at|
||1 January|||Gains /|31 December|
||2020|Income|Expenditure|(Losses)|2020|
||f|f|f|f|f|
|Designated funds|425,033|1,226||−|426,259|
|General funds|1,110,618<br>1,535,651|142,326<br>143,552|,(200,523)<br>(200,523)|(2,191)<br>(2,191)|1,050,230<br>1,476,489|
|Restricted funds|71,828|1,747|(500)|−|73,075|
||1,607,479.|145:;299|(201,023)|(,2;191)|1,549,564|



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|**SUMMARY OF FUNDS −PRI**|**OR YEAR**|||||
|---|---|---|---|---|---|
||Balance at||||Balance at|
||1 January|||Gains /|31 December|
||2019|Income|Expenditure|(Losses)|2019|
||f|f|f|f|f|
|Designated funds|638,936|8,097|(222,000)||425,033|
|General funds|858,430|298,324|(90,319)|44,183|1,110,618|
||1,497,366|306,421|(312,319)|44,183|1,535,651|
|Restricted funds|71,882|11,750|(11,804)||71,828|
||1,569,248|316,171|(324;123)|44,183|1,607,479|



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|**ANALYSIS OF NET ASSETS BETWEEN FUNDS−CU**|**RRENT YEAR**|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2020|2020|2020|
||f|f|E|
|Tangible fixed assets||558,254|558,254|
|Fixed asset investments|.−|240,348|240,348|
|Current assets|73,075|749,212|822,287|
|Creditors due within one year|_|(71,325)|(71;325).|
||73,075|1,476,489|1,549,564|





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||Restricted|Unrestricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2019|2019|2019|
||£|£|£|
|Tangible fixed assets||522,579|522,579|
|Fixed asset investments||242,538|242,538|
|Current assets|71,828|800,799|872,627|
|Creditors due within one year||(30,265)|(30,265)|
||71,828|1,535,651|1,607,479|



## 

||2020|2019|
|---|---|---|
|Net income/(expenditure) for the year (as per Statement of Financial|||
|Activities)|(57,915)|38,231|
|**Adjustment for:**|||
|Depreciation charges|12,983|1,665|
|Losses / (gains) on investments|2,191|(44,182)|
|Dividends, interest and rents from investments|(13,049)|(14,234)|
|(Increase)! decrease in stocks|(2,576)|(1,480)|
|Decrease / (increase) in debtors|(1,486)|20,069|
|(Decrease) / increase in creditors|41,060|(20,140)|
|Net cash used in operating activities|(18,792)|(20,071)|



## 

|**ANALYSIS OF CASH AND CASH EQUIVALENTS**|||
|---|---|---|
||2020|2019|
|Current asset investments|242,527|502,089|
|Cash at bank|532,627|327,467|
|Total|775;154|1.829,556|



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