| Page | ||||
|---|---|---|---|---|
| Strategic Report | 1 | to | 2 | |
| Trustees' Report | 3 | to | 7 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Statement ofFinancial | Position | 10 | ||
| Notes tothe Financial Statements | 11 | to | 16 | |
| Detailed Statement of Financial Activities | 17 | to | 18 |
| Bulls | Females | ||||
|---|---|---|---|---|---|
| 100%Original Population |
Bred | 4 | 96 | ||
| Pedigree Lincoln Red |
68 | 584 | |||
| Breed Development | Animals | 8 | 31 | ||
| Breed Development | Animals | A | |||
| 72 | 711 |
| Mr R E Dennett | Mr R E Dennett | Patron | Re-appointed 07.07.2021 |
|
|---|---|---|---|---|
| Mr H M Needler | Life Vice-President | |||
| Mrs CI Bettinson | Life Vice-President | |||
| Mr R I Clough | Life Vice-President | |||
| Mr A Mylius | Life Vice-President | |||
| Mrs 5Stennett | Life Vice-President | |||
| Mr I McNee |
President | Elected 07.07.2021 | ||
| Mr D Hullah | President | Elect | Elected 04.05.2022 | |
| Mr 0 W Bolton | Co-opted | Elected 04.05.2022 | ||
| Mr EJ Middleton | Co-opted | Elected 04.05.2022 | ||
| Mr N Burton | Elected 05.08.2020 | |||
| Mr W Jackson | Elected 05.08.2020 | |||
| Mr P Beginn | Elected 07.07.2021 | |||
| Mr P M Clough | Elected 07.07.2021 | |||
| Mr N Hodgson | Elected 07.07.2021 | |||
| Mr M Bagley | Elected 04.05.2022 | |||
| Mrs I Hurst | Elected 04.05.2022 | |||
| Mr I Kennedy | Elected 04.05.2022 | |||
| Mr C Mylius | Scottish | Representative | Elected 04.05.2022 | |
| Mr EI Middleton | Young Farmers Representative | |||
| Secretary | Mrs J J Borrows | |||
| Independent | Examiner | |||
| Allison Cowell | BFP FCA BA (Hens) | |||
| Haines Watts | ||||
| Chartered Accountants |
||||
| 23 Algitha Road | ||||
| Skegness | ||||
| IJnited Kingdom | ||||
| PE25 2AG |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | |||||
| fund | Total funds | ||||
| Notes | E | 1 | |||
| Income and endowments | from | ||||
| Donations and legacies |
12,788 | 13,610 | |||
| Charitable activities |
|||||
| Breed promotion and other charitable |
activities | 35,615 | 30,140 | ||
| Other trading activities | 7,820 | 7,227 | |||
| Investment income |
55 | 72 | |||
| Total | 56,278 | 51,049 | |||
| Expenditure on |
|||||
| Raising funds | 553 | 639 | |||
| Charitable activities |
|||||
| Breed promotion and other charitable |
activities | 14,289 | 13,379 | ||
| Maintenance of herd book |
and administration | 31,123 | 32,636 | ||
| Total | 45,965 | 46,654 | |||
| Net gains/(losses) on investments |
(1D1) | 479 | |||
| NET INCOME | 10,212 | 4,874 | |||
| Reconciliation offunds | |||||
| Total funds brought forward |
158,142 | 153,268 | |||
| Total funds carried forward | 168p354 | 158,142 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | Totalfunds | |||
| Notes | 6 | 6 | ||
| Fixed assets | ||||
| Tangible assets | 4,058 | 4,354 | ||
| Investments | 1,913 | 2,014 | ||
| 5,971 | 6,368 | |||
| Current assets | ||||
| Stocks | 10 | 5,676 | 6,155 | |
| Debtors | 11 | 4,104 | 1,715 | |
| Investments | 12 | 90,800 | 90,745 | |
| Cash at bank | 64,029 | 55,875 | ||
| 164,609 | 154,490 | |||
| Creditors | ||||
| Ainounts falling due within one year |
13 | (2,226) | (2,716) | |
| Net current | assets | 162,383 | 151,774 | |
| Total assets | less current liabilities | 168,354 | 158,142 | |
| NET ASSETS | 168,354 | 158,142 | ||
| Funds | 14 | |||
| Unrestncted | funds | 168,354 | 158,142 | |
| Totalfunds | 168,354 | 158,142 |
| Pavilion | 4%on reducing | balance |
|---|---|---|
| Office equipment | 13%on reducing | balance |
| Fixtures and fittings | 10%on reducing | balance |
| Other trading | activities | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| E | E | |||
| Income from | social functions | and adverts | 6,603 | 6,327 |
| Merchandise | sales | 1,217 | 900 | |
| 73/20 | 7,227 |
| Investment | income | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| E | E | |||
| Deposit account interest | 55 | 72 | ||
| Net income/(expenditure) | ||||
| Net income/(expenditure) | isstated after charging/(crediting): | |||
| 2022 | 2021 | |||
| E | ||||
| Depreciation | - owned assets | 296 | 329 | |
| Independent | reviewer | 550 | 500 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Employees | 1 | 1 | ||
| No employees received emoluments |
in excess of660,000. | |||
| Comparatives for the statement offinancial activities |
||||
| Unrestricted | ||||
| fund | ||||
| E | ||||
| Income and endowments | from | |||
| Donations and legacies |
13,610 | |||
| Charitable activities |
||||
| Breed promotion and other charitable |
activities | 30,140 | ||
| Other trading activities | 7,227 | |||
| Investment income |
72 | |||
| Total | 51,049 | |||
| Expenditure on |
||||
| Raising funds | 639 | |||
| Charitable activities |
||||
| Breed promotion and other charitable |
activities | 13,379 | ||
| Maintenance of herd book |
and administration | 32,636 | ||
| Total | 46,654 |
| Comparatives for the statement offinancial activities - continued |
|
|---|---|
| Unrestncted | |
| fund | |
| 6 | |
| NET INCOME | 4,874 |
| Reconciliation offunds | |
| Total funds brought forward | 153,268 |
| Total funds carried forward | 158,142 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Fixtures | ||||
| Office | and | |||
| Pavilion 6 |
equipment E |
fittingsf | Totals E |
|
| Cost | ||||
| At 1January 2022 and 31December 2022 | 9,677 | 9,594 | 749 | 20,020 |
| Depreciation | ||||
| At 1January 2022 | 6,476 | 8,543 | 647 | 15,666 |
| Charge for year | 128 | 158 | 10 | 296 |
| At 31December 2022 | 6,604 | 8,701 | 657 | 15,962 |
| Net book value | ||||
| At 31December 2022 | 3,073 | 893 | 4,058 | |
| At 31December 2021 | 3,201 | 1,051 | 102 | 4,354 |
| Fixed asset investments | |
|---|---|
| Listed | |
| investments | |
| E | |
| Market value | |
| At 1January 2022 | 2,014 |
| Revaluations | (101) |
| At 31December 2022 | 1,913 |
| Net book value | |
| At 31December 2022 | 1,913 |
| At 31December 2021 | 2,014 |
| Cost orval | u | ati | on a |
t 3 | 1December 2022 is represented by: |
||||
|---|---|---|---|---|---|---|---|---|---|
| Listed | |||||||||
| investments | |||||||||
| F. | |||||||||
| Valuation | in | 2022 | (101) | ||||||
| Cost | 2,014 | ||||||||
| 1,913 | |||||||||
| 10. | Stocks | ||||||||
| 2022 E |
2021f | ||||||||
| Stocks | 5,676 | 6,155 | |||||||
| 11. | Debtors: amounts | falling due within one year | |||||||
| 2022 | 2021 | ||||||||
| 6 | f | ||||||||
| Trade debtors | 2,468 | ||||||||
| Other debtors | 1,306 | 1,396 | |||||||
| Prepayments | 330 | 319 | |||||||
| 4,104 | 1,715 | ||||||||
| 12. | Current asset | investments | |||||||
| 2022 | 2021 | ||||||||
| f | f | ||||||||
| Cash investments | 90,800 | 90,745 | |||||||
| 13. | Creditors: | amounts | falling due within one year | ||||||
| 2022 | 2021 | ||||||||
| E | |||||||||
| Other creditors | 1,696 | 1,916 | |||||||
| Accruals and deferred | income | 530 | 800 | ||||||
| 2,226 | 2,716 | ||||||||
| 14. | Movement | in funds | |||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1/1/22 f |
in funds E |
31/12/22f | |||||||
| Unmstricted | funds | ||||||||
| General fund | 158,142 | 10,212 | 168,354 | ||||||
| TOTAL FUNDS | 158,142 | 10,212 | 168,354 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| E | 6 | E | E | |||
| Unrestricted | funds | |||||
| General fund | 56,278 | (45,965) | (101) | 10,212 | ||
| TOTALFUNDS | 56,278 | (45,965) | lI101) | 10,212 | ||
| Comparatives | for 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 | |||
| TOTAL FUNDS | 153,268 | 4,874 | 158,142 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| E | E | E | E | ||
| Unrestdicted | funds | ||||
| General fund | 51,049 | (46,654) | 479 | 4,874 | |
| TOTAL FUNDS | 51,049 | (46,654) | 479 | 4,874 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1/1/21 | in funds | 31/12/22 | ||
| E | E | E | ||
| Unrestdicted | funds | |||
| General fund | 153,268 | 15,086 | 168,354 | |
| TOTAL FUNDS | 153,268 | 15,086 | 168,354 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| 6 | 6 | 6 | |||
| Unrestricted | funds | ||||
| General fund | 107,327 | (92,619) | 378 | 15,086 | |
| TOTAL FUNDS | 107,327 | (92,619) | 378 | 15,086 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 5 | E | |||
| Income and endowments | ||||
| Donations and legacies | ||||
| Donations | 507 | 774 | ||
| Gift aid | 1,306 | 1,396 | ||
| Subscriptions | 10,975 | 11,440 | ||
| 12,788 | 13,610 | |||
| Other trading activities | ||||
| Income from social functions | and adverts | 6,603 | 6,327 | |
| Merchandise sales |
Lp217 | 900 | ||
| 7420 | 7,227 | |||
| Investment income |
||||
| Deposit account interest | 55 | 72 | ||
| Charitable activities |
||||
| Herd book | 28,409 | 26,840 | ||
| Prefixes | 90 | 100 | ||
| Transferfees | 6,538 | 2,890 | ||
| Entrance fees | 578 | 310 | ||
| 35,615 | 30,140 | |||
| Total incoming resources | 56,278 | 51,049 | ||
| Expenditure | ||||
| Raising donations and legacies |
||||
| Members meetings |
553 | 639 | ||
| Charitable activities |
||||
| Wages and salaries | 24,750 | 25,311 | ||
| Insurance | 1,061 | 1,025 | ||
| Telephone | 454 | 588 | ||
| Postage and stationery | 1,532 | 2,007 | ||
| Sale ofsemen | 565 | 852 | ||
| Herd book costs | 3,166 | 125 | ||
| Breed promotion | 10,558 | 12,402 | ||
| Subscriptions to national | organisations | 324 | 339 | |
| Computer and training costs |
1,551 | 1,332 | ||
| Depreciation - Pavilion |
128 | 133 | ||
| Depreciation - Office equipment |
158 | 185 | ||
| Depreciation - Fixtures and fittings |
10 | 11 | ||
| 44,257 | 44,310 | |||
| Support costs | ||||
| Governance costs |
||||
| Independent reviewer fee |
550 | 500 | ||
| Carried forward | 550 | 500 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | E | ||
| Governance costs |
|||
| Brought forward | 550 | 500 | |
| Accountancy fees |
565 | 315 | |
| Premises costs | 40 | 990 | |
| 1,155 | 1,705 | ||
| Total resources expended | 45,965 | 46,654 | |
| Net income before gains and losses | 10,313 | 4,395 | |
| Realised recognised | gains and losses | ||
| Realised gains/(losses) | on fixed asset investments | (101) | 479 |
| Net income | 10,212 | 4,874 |