##
|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|
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||||||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|
##
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|||||||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|
##
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||||||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|
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||||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|
##
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||||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|
##
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##
|||||||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|||
##
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|||||||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|
##
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||||||||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|
##
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##
||||||||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.|||||||
##