||||Page||
|---|---|---|---|---|
|Strategic Report||1|to|2|
|Trustees' Report||3|to|7|
|Independent<br>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|





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|||||Bulls|Females|
|---|---|---|---|---|---|
|100%Original<br>Population||Bred||4|96|
|Pedigree<br>Lincoln Red||||68|584|
|Breed Development|Animals||8||31|
|Breed Development|Animals||A|||
|||||72|711|





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|Mr R E Dennett|Mr R E Dennett|Patron||Re-appointed<br>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<br>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<br>Accountants|||||
|23 Algitha Road|||||
|Skegness|||||
|IJnited Kingdom|||||
|PE25 2AG|||||





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|||||2022|2021|
|---|---|---|---|---|---|
|||||Unrestricted||
|||||fund|Total funds|
||||Notes|E|1|
|Income and endowments|from|||||
|Donations<br>and legacies||||12,788|13,610|
|Charitable<br>activities||||||
|Breed promotion<br>and other charitable||activities||35,615|30,140|
|Other trading activities||||7,820|7,227|
|Investment<br>income||||55|72|
|Total||||56,278|51,049|
|Expenditure<br>on||||||
|Raising funds||||553|639|
|Charitable<br>activities||||||
|Breed promotion<br>and other charitable||activities||14,289|13,379|
|Maintenance<br>of herd book|and administration|||31,123|32,636|
|Total||||45,965|46,654|
|Net gains/(losses)<br>on investments||||(1D1)|479|
|NET INCOME||||10,212|4,874|
|Reconciliation offunds||||||
|Total funds brought<br>forward||||158,142|153,268|
|Total funds carried forward||||168p354|158,142|





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||||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<br>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|



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|Pavilion|4%on reducing|balance|
|---|---|---|
|Office equipment|13%on reducing|balance|
|Fixtures and fittings|10%on reducing|balance|



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|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|





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|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|



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||||2022|2021|
|---|---|---|---|---|
|Employees|||1|1|
|No employees<br>received emoluments||in excess of660,000.|||
|Comparatives<br>for the statement offinancial activities|||||
|||||Unrestricted|
|||||fund|
|||||E|
|Income and endowments|from||||
|Donations<br>and legacies||||13,610|
|Charitable<br>activities|||||
|Breed promotion<br>and other charitable||activities||30,140|
|Other trading activities||||7,227|
|Investment<br>income||||72|
|Total||||51,049|
|Expenditure<br>on|||||
|Raising funds||||639|
|Charitable<br>activities|||||
|Breed promotion<br>and other charitable||activities||13,379|
|Maintenance<br>of herd book|and administration|||32,636|
|Total||||46,654|





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|Comparatives<br>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|



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|Tangible fixed assets|||||
|---|---|---|---|---|
||||Fixtures||
|||Office|and||
||Pavilion<br>6|equipment<br>E|fittingsf|Totals<br>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|



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|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|





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||Cost orval|u|ati|on<br>a|t 3|1December 2022 is represented<br>by:||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||Listed|
||||||||||investments|
||||||||||F.|
||Valuation|in|2022||||||(101)|
||Cost||||||||2,014|
||||||||||1,913|
|10.|Stocks|||||||||
|||||||||2022<br>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<br>f|in funds<br>E|31/12/22f|
||Unmstricted|||funds||||||
||General fund||||||158,142|10,212|168,354|
||TOTAL FUNDS||||||158,142|10,212|168,354|





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||||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|





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|||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<br>sales|||Lp217|900|
||||7420|7,227|
|Investment<br>income|||||
|Deposit account interest|||55|72|
|Charitable<br>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<br>and legacies|||||
|Members<br>meetings|||553|639|
|Charitable<br>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<br>and training costs|||1,551|1,332|
|Depreciation<br>- Pavilion|||128|133|
|Depreciation<br>- Office equipment|||158|185|
|Depreciation<br>- Fixtures and fittings|||10|11|
||||44,257|44,310|
|Support costs|||||
|Governance<br>costs|||||
|Independent<br>reviewer fee|||550|500|
|Carried forward|||550|500|





|||2022|2021|
|---|---|---|---|
|||E|E|
|Governance<br>costs||||
|Brought forward||550|500|
|Accountancy<br>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|