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





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



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|||||2021|2020|
|---|---|---|---|---|---|
|||||Unrestricted||
|||||fund|Total funds|
||||Notes|E|E|
|Income and endowments|from|||||
|Donations<br>and legacies||||13,610|14,573|
|Charitable<br>activities||||||
|Breed promotion<br>and other charitable||activities||30,140|23,903|
|Other trading activities||||7,227|7,940|
|Investment<br>income||||72|428|
|Total||||51,049|46,844|
|Expenditure<br>on||||||
|Raising funds||||639||
|Charitable<br>activities||||||
|Breed promotion<br>and other charitable||activities||13,379|9,963|
|Maintenance<br>ofherd book|and administration|||32,636|29,587|
|Total||||46,654|40,436|
|Net gains/(losses)<br>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|





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||||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<br>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|





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|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|



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|||||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<br>and|legacies||||14,573|
|Chaditable<br>activities||||||
|Breed promotion<br>and other charitable|||activities||23,903|
|Other trading|activities||||7,940|
|Investment<br>income|||||428|
|Total expenditure<br>on|||||46,644|





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|Comparatives<br>fo|rthe statement<br>off|inancial activitie|s - continued||||
|---|---|---|---|---|---|---|
|||||||Unrestdicted|
|||||||fund|
|||||||E|
|Raising funds||||||886|
|Charitable<br>activities|||||||
|Breed promotion<br>and other charitable<br>activities<br>Maintenance<br>ofherd book and administration||||||9,963<br>29,587|
|Total||||||40,436|
|Net gains/(losses)|on investments|||||(1,077)|
|NET INCOME||||||5,331|
|Reconciliation<br>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<br>2021<br>Chargeforyear|||6,343<br>133|8,358<br>185|636<br>11|15.337<br>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|





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||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<br>in|2021|||||||||(364)|
||Cost||||||||||2,378|
||||||||||||2,014|
|10.|Stocks|||||||||||
|||||||||||2021f|2020<br>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|





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|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources<br>f|expended<br>f|lossesf|in funds<br>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<br>activities|||||
|Income from social|functions|and adverts|6,327|6,349|
|Merchandise<br>sales|||900|1,591|
||||7,227|7,940|
|Investment<br>income|||||
|Deposit account interest|||72|428|
|Charitable<br>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<br>meetings|||639|886|
|Charitable<br>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<br>costs<br>Depreciation<br>- Pavilion|||1,332<br>133|927<br>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<br>reviewer||fee|500|550|
|Accountancy<br>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|