2021-12-31-accounts

			Page
Strategic Report		1	to	2
Trustees' Report		3	to	6
Independent Examiner's	Report
Statement ofFinancial	Activities
Statement ofFinancial	Position
Notes tothe Financial Statements		10	to	15
Detailed Statement of Financial Activities		16	to	17

5917				Bulls	Females
100%Original Population		Bred		16	125
Pedigree Lincoln Red				80	650
Breed Development	Animals		8		45
Breed Development	Animals		A		9
				96	829

				2021	2020
				Unrestricted
				fund	Total funds
			Notes	E	E
Income and endowments	from
Donations and legacies				13,610	14,573
Charitable activities
Breed promotion and other charitable		activities		30,140	23,903
Other trading activities				7,227	7,940
Investment income				72	428
Total				51,049	46,844
Expenditure on
Raising funds				639
Charitable activities
Breed promotion and other charitable		activities		13,379	9,963
Maintenance ofherd book	and administration			32,636	29,587
Total				46,654	40,436
Net gains/(losses) on investments				479	(1,077)
NET INCOME				4,874	5,331
Reconciliation offunds
Total funds brought forward				153,268	147,937
Total funds carried forward				158,142	153,268

			2021	2020
			Unrestncted
			fund	Total funds
		Notes	E	E
Fixed assets
Tangible assets			4,354	4,683
Investments			2,014	1,535
			6,368	6,218
Current assets
Stocks		10	6,155	6,481
Debtors		11	1,715	2,151
Investments		12	90,745	90,672
Cash at bank			55,875	48,757
			154,490	148,061
Creditors
Amounts falhng due within one year		13	(2,716)	(1,011)
Net current	assets		151,774	147,050
Total assets	less current liabilities		158,142	153,268
NET ASSETS			158,142	153,268
Furitls		14
Unrestricted	funds		158,142	153,268
Total funds			158,142	153,268

2.	Other trading	Other trading	activities
						2021	2020
						6	E
	Income from		social functions		and adverts	6,327	6,349
	Merchandise		sales			900	1,591
						7,227	7,940
	Investment	income
						2021	2020
						E	E
	Deposit account interest					72	428
4.	Net income/(expenditure)
	Net income/(expenditure)			is	stated after charging/(crediting):
						2021	2020
						E	E
	Depreciation		—owned assets			329	330
	Independent		reviewer			500	550

				2021	2020
Employees				1	1
No employees	received emoluments		in excess of660,000.
Comparatives	for the statement offinancial activities
					Unrestncted
					fund
					E
Income and endowments		from
Donations and	legacies				14,573
Chaditable activities
Breed promotion and other charitable			activities		23,903
Other trading	activities				7,940
Investment income					428
Total expenditure on					46,644

Comparatives fo	rthe statement off	inancial activitie	s - continued
						Unrestdicted
						fund
						E
Raising funds						886
Charitable activities
Breed promotion and other charitable activities Maintenance ofherd book and administration						9,963 29,587
Total						40,436
Net gains/(losses)	on investments					(1,077)
NET INCOME						5,331
Reconciliation offunds
Total funds brought forward						147,937
Total funds carried forward						153,268
Tangible fixed assets
					Fixtures
				Office	and
			Pavilion	equipment	fittings	Totals
			E	6	E	E
Cost
At 1January 2021and 31December		2021	9,677	9,594	749	20,020
Depreciation
At 1January 2021 Chargeforyear			6,343 133	8,358 185	636 11	15.337 329
At 31December	2021		6,476	8,543	647	15,666
Net book value
At 31December	2021		3,201	1,051	102	4,354
At 31December	2020		3,334	1,236	113	4,683
Fixed asset investments
						Usted
						investments
						E
Market value
At 1January 2021						1,535
Revaluations						479
At 31December	2021					2,014
Net book value
At 31December	2021					2,014
At 31December	2020					1535

	Fixed asset	investments	investments	investments	investments	-	continued
	There were	no investment					assets outside the UK.
	Cost or valuation			at	31	December 2021 is represented		by:
											Listed
											investments
											E
	Valuation in	2021									(364)
	Cost										2,378
											2,014
10.	Stocks
										2021f	2020 E
	Stocks									6,155	6,481
11.	Debtors: amounts			falling			due within one year
										2021	2020
										E	E
	Other debtors									1,396	1,471
	Prepayments									319	680
										1,715	2,151
12.	Current asset		investments
										2021	2020
										E	E
	Cash investments
13.	Creditors: amounts				falling		due within one year
										2021	2020
										E	6
	Other creditors									1,916	811
	Accruals and		deferred			income				800	200
										2,716	1,011
14.	Movement	in funds
										Net
										movement	At
									At 1/1/21	in funds	31/12/21
									E	E	E
	Unrestricted		funds
	General fund								153,268	4,874	158,142
	TOTALFUNDS								153,268	4,874	158,142

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	E	E	E
Unrestricted	funds
General fund			51,049	(46,654)	479	4,874
TOTAL FUNDS			51,049	(46,654)	479	4,874
Comparatives	for movement	in funds
					Net
					movement	At
				At 1/1/20	in funds	31/12/20
				E	E	E
Unrestricted	funds
General fund				147,937	5,331	153,268
TOTALFUNDS				147,937	5,331	153,268

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
				E	E
Unrestricted	funds
General fund		46,844	(40,436)	(1,077)	5,331
TOTALFUNDS		46,844	(40,436)	(1,077)	5,331

			Net
			movement	At
		At 1/1/20	in funds	31/12/21
		E	E	E
Unrestricted	funds
General fund		147,937	10,205	158,142
TOTALFUNDS		147,937	10,205	158,142

		Incoming	Resources	Gains and	Movement
		resources f	expended f	lossesf	in funds f
Unrestricted	funds
General fund		97,893	(87,090)	(598)	10,205
TOTAL FUNDS		97,893	(87,090)	(598)	10,205

			2021	2020
			E	E
Income and endowments
Donations and legacies
Donations			774	800
Gift aid			1,396	1,473
Subscriptions			11,440	12,300
			13,610	14,573
Other trading activities
Income from social	functions	and adverts	6,327	6,349
Merchandise sales			900	1,591
			7,227	7,940
Investment income
Deposit account interest			72	428
Charitable activities
Herd book			26,840	20,300
Prefixes			100	130
Transfer fees			2,890	2,380
Entrance fees			310	1,093
			30,140	23,903
Total incoming resources			51,049	46,844
Expenditure
Raising donations	and legacies
Members meetings			639	886
Charitable activities
Wages and salaries			25,311	23,820
Insurance			1,025	1,011
Telephone			588	821
Postage and stationery			2,007	1,494
Sundries				7
Sale ofsemen			852	576
Herd book costs			125	1,344
Breed promotion			12,402	7,749
Subscriptions to national organisations			339	329
Computer costs Depreciation - Pavilion			1,332 133	927 139
Depreciation - Office equipment			185	229
Depreciation - Fixtures and		fittings	11	12
			44,310	38,458

			2021	2020
			6	6
Support costs
Governance costs
Independent reviewer		fee	500	550
Accountancy fees			315	415
Premises costs			890	127
			1,705	1,092
Total resources expended			46,654	40,436
Net income before	gains and losses		4,395	6,406
Realised recognised	gains and losses
Realised gains/(losses)		on fixed asset investments	479	(1,077)
Net income			4,674	5,331