This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2023-03-31-accounts

Trustees			Mr PJAlvis
			Mr J Brierley
			Mr RK Craig
			Mr TJ Downes
			Mr LR C Edwards
			Mr MP King
			Mr GN Trehane
			Mrs DR Wastenage
			Mr WJ Westacott
			Mr WH Whiteford
			Mr WLArmltage
			Mrs SJTomlinson
			Mrs KE Halton
Charity	number		213782
Company		number	00013393
Registered		offic	Rase Centre
			6th Street
			Stoneleigh Park
			Kenilworth
			CV8 2LG
Auditor			Cottons Accountants	LLP
			The Stables
			Church Walk
			Daventry
			Northamptonshire
			UK
			NN11 48L

				Page
Trustees' report				1-5
Independent	auditor's	report
Consolidated	statement offinancial		activities
Consolidated	balance	sheet
Charity balance sheet				12
Consolidated	statement ofcash flows
Notes to the	financial	statements		14-26

					Unrestricted Unrestricted	Unrestricted Unrestricted
					funds	funds
					2023	2022
				Notes	6
ncom endovvmen			s
Donations and	legacies			3	61,363	34,746
Other trading activities				4	1,058,437	92,937
Investmsnts				8	19,353	14,985
Other income				8	95	800
Total income					1,139,248	143468
~EEgftg)~re o:
Raising funds				7	422 903	1 581
Charitable activities				8	566,743	258,349
Total expenditure					989,646	259,930
Net gains/(losses)		on investments		13	(40,401)	33,054
Net movement	in	funds			109,201	(83,408)
Fund balances	at 1 April		2022		754,033	837,441
Fund balances	at	31 March 2023			863,234	754,033

						2023		2022
					Notes	f		5
Fixed assets
Tangible assets					15		3,915		3,076
Investments					16		550,977		593,041
							554,892		596,117
Current assets
Debtors					17	88,948		257,797
Cash at bank	and	in	hand			364,107		449,423
						453,053		707,220
Creditors: amounts			falling due within
one year						(144,711)		(549,304)
Net current assets							308,342		157,916
Total assets	lees	current		liabilities			863,234		754,033
Income funds
Unrestricted	funds						863,234		754,033
							863,234		754,033

					2023		2022
				Notes			6
Cash flows from operating			activities
Cash (sbsorbed by)/generated			from	26
operations						(104,088)		67,234
Investing	activities
Purchase	oftangible fixed	assets			(2,758)		(1,360)
Proceeds	from disposal of	tangible fixed
assets					514
Proceeds	from disposal of	investments			1,683		1,763
Investment	income received				19,353		14,985
Net cash	generated from	Investing
activities						18,772		15,388
Net cash	used In financing		activities
Net(decrease)/increase		in	cash and cash
equivalents						(85,318)		82,622
Cash and	cash equivalents	at beginning		of year		449,423		366,801
Cash and	cash equivalents		at end of	year		364,107		449,423

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
			5	6
Dairy Tech	income		945,943	35,575
Charitable	events income		112,494	57,362
Other trading		acbvities	1,058,437	92,937

Unrestricted	Unrestricted
funds	funds
2023 5	2022f
19,353	14,985

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
				8
Net gam on	disposal oftangible	fixed assets	95
Professional	services			800
			95	800

								Unrestricted	Unrestricted
								funds	funds
								2023	2022
									5
~Ti	co	I2
Operating		trading	company	undertakfng	non-charitable	trading	activity	422,903	1,681
								422,903	1,581

						Promotion	Promotion
						of UK dairy	of UK dairy
						farming	farming
						sector	sector
						2023	2022
							8
	Staff costs					375,070	171,527
	Depreciation		and impairment			1,500	1,697
	Insurance					1,233	3,637
	Telephone					2,015	1,993
	Postage end		stationery			5,167	6,771
	Sundry expenses					6,115	3,032
	Premises expenses					24,813	18,174
	Membership		costs			1,925	1,616
	Conference,		events and awards			107,489	31,804
	Policy advisors					5,418	5,232
	Bank charges					906	416
	Investment	broker's fees				1,429	1,488
	Legal and professional			fees		321	1,455
						533,401	248,842
	Share ofgovernance			costs	(see note 10)	33,342	9,507
						566,743	258,349
9	Description		ofcharitable		activities

						Supportand	2023	2022
						Governance
						costs
						f
Independent		examiners'		fees				1,685
Accountancy		services				7,475	7,475	3,585
Coundl members'			expenses		and meeting costs	10,067	10,067	2,545
Audit fees						12,000	12,000
Legal and	professional					3,800	3,800	1,692
						33,342	33,342	9,507
Analysed	between
Charitable	activities					33,342	33,342	9,507

The average	monthly number ofempl	oyees during the year was:
		Group	Group	Company	Company
		2023	2022	2023	2022
		Number	Number	Number	Number
		Group	Group	Company	Company
Employment	costs	2023	2022	2023	2022
		6	6	8	8
Wages end salaries		313,071	143,616	313,071	143,616
Social security costs		31,984	13,496	31,984	13,496
Other pension costs		30,015	14,415	30,015	14,415
		375,070	171,527	375,070	171,527

12	Employees						(Continued)
	The number of employees	whose	annual	remuneration	was more than f60,000
	is as follows:
						Group	Group
						2023	2022
						Number	Number
	f70,001 to f80,000
	f80,001to f90,000

			Unrestricted Unrestricted	Unrestricted Unrestricted
			funds	funds
			2023	2022
			f	f
Revaluation	of	investments	(40,401)	33,054


16	Tangible fixed assets
	Group & Company
				Fixtures end	Computers	Total
				fittingsf
	Cost
	At 1 April 2022			6,841	7,007	13,848
	Additions				2,757	2,757
	Disposals				(660)	(660)
	At 31 March	2023		6,841	9,104	15,945
	Depreciation	and Impairment
	At 1 April 2022			6,640	4,131	10,771
	Depreciation	charged	in the year	67	1,433	1,500
	Eliminated in	respect ofdisposals			(241)	(241)
	At 31 March	2023		6,707	5,323	12,030
	Carrying amount
	At 31 March	2023		134	3,781	3,915
	At 31 March	2022		201	2,875	3,076
16	Fixed asset	Investments
	Group &company
				Listed	Cash In	Total
				Investments	porffollo
				8
	Cost or valuation
	At 1 April 2022			591,706	1,335	593,041
	Additions				1,437	1,437
	Valuat)on changes			(40,401)		(40,401)
	Disposals			(1,437)	(1,663)	(3,100)
	At 31 March	2023		549,868	1,109	550,977
	Canylng amount
	At 31 March	2023		549,868	1,109	550,977
	At 31 March	2022		591,706	1,335	593,041

							2023	2022
								8
Listed	investments		carrying		amount		497,203	498,470
Market	value	if different		from	carrying	amount	549,868	591,706

	Fixed asset investmsnts revalued	Fixed asset investmsnts revalued	Fixed asset investmsnts revalued
	Investments ars included at revalued			amounts,		being market values	at the period	end. The investments			are
	held in the Barclays		Charity Fund, a	managed		multi-asset class fund.	If the investments were		stated	on the
	historical cost	basis	they would be valued		at F497,203 (2022:F498,470).
17	Debtors					Group	Group	Company	Company
						2023	2022	2023			2022
	Amounts falling due within one year:					8	8	6			6
	Trade debtors					62,207	40,759	60,700		31,185
	Amounts owed by fellow group undertakings							156,697			7,820
	Other debtors					15,654	19,328	710			2,838
	Prepayments	and accrued income				11,085	197,710	10,900			7,320
						88,946	257,797	229,007		49,163

18	Creditors: amounts	Creditors: amounts	Creditors: amounts	Creditors: amounts	falling	falling	falling	due within one	Group	Group	Company	Company
	year
								Notes	2023f	2022 f	2023f	2022f
	Other taxation and social
	security								9,756		9,756
	Deferred		income					19	59,943	48,251	59,943	48,250
	Trade creditors								13,347	19,135	9,796	5,223
	Accruals		and deferred			income			61,665	481,918	22,620	7,472
									144,711	549,304	102,115	60,945
19	Deferred		Income
											2023f	2022 f
	Other deferred income										59,943	48,251
	Deferred		income	is	included			in the financial statements	as follows:
											2023	2022
												f
	Deferred		income	is	included			within:
	Current	habllities									59,943	48,251
	Movements ln the			year.
	Deferred		income	at	1 April 2022						48,251	12,346
	Released		from previous				periods				(48,251)
	Resources deferred				in	the year					59,943	35,905
	Deferred		income	at	31	March 2023					59,943	48,251

							Unrestricted Unrestricted	Unrestricted Unrestricted	Unrestricted Unrestricted
								funds	funds
								2023	2022
								f	f
Fund balances	at 31 March 2023 are represented			by:
Tangible assets								3,915	3,076
Investments								550,977	593,041
Current assets/(liabilities)								308,342	157,916
								863,234	754,033
Operating lease commitments
At the reporting	end date	the Charity had	outstanding		commitments	for future	minimum	lease payments	under
non-cancellable	operating	leases, which	fall due	as follows:
								2023 f	2022f
Within one year								14,079	11,064
Between two and live years								1,782	5,346
								15,861	16,410

Name	of undertaking	Registered		Nature	ofbusiness	Class of	Class of	% Held
		office				shares	held	Direct Indirect
Events	For You Limited	Rase Centre 6th		Holding	ofevents	Ordinary		100.00
		Street,
		Stoneleigh	Park,
		Kenilworth,	CV8
		2LG
Name	of undertaking	Profit/(Loss)		Capital and		Turnover		Expenditure
				Reserves

26	Subsidiaries							(Continued)
						E	E
	Events For You Limited					945,943	(945,943)
26	Cash generated from operations						2023	2022
							E	E
	Surplus/(deficit) for the year					109,201		(83,408)
	Adjustments for:
	Investment Income recognised	In statement		offinancial	activities		(19,353)	(14,985)
	Gain on disposal oftangible fixed assets						(95)
	Fair value gains and losses on	investments					40,401	(33,054)
	Depreciation and impairment oftangible		fixed assets				1,500	1,697
	Movements in working capital:
	Decrease/(increase) in debtors					168,851		(248,834)
	(Decrease)/increase in creditors					(416,285)		409,913
	Increase in deferred income						11,692	35,905
	Cash (absorbed by)/generated	from operations				(104,088)		67,234
27	Analysis ofchanges ln net funds
	The Charity had no debt during	the year.