|Report ofthe Trustees||1|to|6|
|---|---|---|---|---|
|Report ofthe Independent
Auditors||I|to|10|
|Statement of Financial|Activities||||
|Balance Sheet||12|to|13|
|Cash Flow Statement|||||
|Notes to the Cash Flow|Statement||15||
|Notes to the Financial|Statements|16|to|28|
|Detailed Statement of|Financial Activities|29|to|30|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|for the Year Ended 3|0June 2|022||||||
|---|---|---|---|---|---|---|---|
|||||||30.6.22|30.6.21|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|fund|funds|funds|
||||Notes|E|E||f|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||||||
|Charitable
activitIes||||||||
|Furtherance
of the breed||||612,640||612,640|615,560|
|Investment
income
Other income|||3|59,584
~58 932||59,584
~58 932|49,849
56,764|
|Total||||~731 156||~731 156|~722 907|
|EXPENDITURE OH||||||||
|Raismg funds|||5|3,783||3,783|3,232|
|Charitable
activities|||6|||||
|Furtherance
of the breed||||~710884||~710884|~639 189|
|Total||||~714667||~714 667|~642 421|
|Net gains/(losses)
on|investments|||~46 840)||~46 840)|~105843|
|HET INCO/6E/(EXPENDITURE)||||(30,351)||(30,351)|186,329|
|RECOHCILIATION
OF|FUHDS|||||||
|Total funds brought|forward|||1,662,945|2,905|1,665,850|1,479,521|
|TOTAL FUNDS CARRIED FORWARD||||~1632 594|~2905|~1635 499|~1665 850|
##
##
##
|for the Year Ended 30June|2022|||||
|---|---|---|---|---|---|
|||||30.6.22|30.6.21|
||||Nol.es|6|6|
|Cash flows from operating|activities|||||
|Cash generated
from operations||||~66 964|~60 587|
|liet cash provided
by operating
activities||||~66 964|60 587|
|Cash flows from investing|activities|||||
|Purchase of tangible
fixed assets
Purchase of fixed asset investments
Sale offixed asset investmcnts
Sale ofinvestment
property||||(1,384)
(221,784)
191,9D3
25,0DO|(7,073)
(248,350)
158,322|
|Dividends
received
Reva(uation of Investment|Property|||32,362
~25 000)|22,705|
|Net cash provided
by/(used|in) investing||activities|~1097|~74 396)|
|Change
in cash and cash equivalents||ln||||
|the reporting
period
Cash and «ash equivalents|at the|||68,061|(13,809)|
|beginning ofthe reporting|pel(od|||~87 777|101 586|
|Cash and cash equivalents|at the end|of||||
|the reporting
period||||~f55 838|87,777|
|o the Cash Flow Statement
Year Ended 30June 2022|o the Cash Flow Statement
Year Ended 30June 2022||||
|---|---|---|---|---|
|RECONCILIATION
OF NET (EXPENDITURE)/INCOME||TO NET CASH FLOW|FROM OPERATING ACTIVITIES||
||||30.6.22|30.6.21|
||||E|E|
|Net (expenditure)/income
for the reporting|period (as per the||||
|Statement of Financial Activities)|||(30,351)|186,329|
|Adjustments
for:|||||
|Depreciation
charges|||4,387|4,889|
|Losses/(gain)
on investments|||46,840|(105,843)|
|Dividends
received|||(32,362)|(22,705)|
|(Increase)/decrease
in stocks|||(932)|216|
|Decrease/(increase)
in debtors|||30,234|(27,'l1 6)|
|increase
in creditors|||~49 148|24,817|
|Net cash provided
by operations|||~66 964|~60 587|
##
|AHALYSis OF CHANGES
IN NET FUNDS||||
|---|---|---|---|
||At 1.7.21|Cash f(ow|At 30,6.22|
||E|E|f,|
|Net cash||||
|Cash at bank and in hand|87,777|~68 061|~155 838|
||~87 777|~68 061|~155 838|
|Total|~87 777|68 061|~155 838|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|30.6.22|30.6.21|
|---|---|
|E||
||734|
##
|The income from|The income from|donation|s
and legacies was ENil (2021:E734)of whi|ch fNil
was unrestricted
(|2021:67|34).|
|---|---|---|---|---|---|---|
|Grants received,||included|in the above, are as follows:||||
|||||30.6.22|30.6.21||
|||||c|||
|Furlough|Grant|||||734|
|INVESTMENT INCOME|||||||
|||||30.6.22|30.6.21||
|||||E|E||
|Rents received||||27,222|27,144||
|Dividends||||~32 362|~22|705|
|||||~59 584|~49|849|
##
||||30.6.22|30.6.21|
|---|---|---|---|---|
||Activity||E|E|
|Membership
income
Gift aid
Registration
fees
Transfer fees
Beefscheme levies
Export fees
Sales and commissions
DNA testing
Herd prefix|Furtherance
Furtherance
Furtherance
Furtherance
Furtherance
Furtherance
Furtherance
Furtherance
Furtherance|ofthe breed
of the breed
of the breed
ofthe breed
ofthe breed
ofthe breed
ofthe breed
of the breed
ofthe breed|88,503
14,398
232 845
41,494
42,834
575
68&132
121,484
~2375|88,7(3
14,768
239,288
45,048
51,146
650
63,317
109,805
2,775|
||||~612 640|~6(5 560|
##
|The income
from charitable
unrestricted
funds.
E42,834
E51,146),The remainder
being|The income
from charitable
unrestricted
funds.
E42,834
E51,146),The remainder
being|The income
from charitable
unrestricted
funds.
E42,834
E51,146),The remainder
being|The income
from charitable
unrestricted
funds.
E42,834
E51,146),The remainder
being|activities
was E612,640 (2021;
of Beef Scheme
Levies
was
general fund Within
unreStriCted|activities
was E612,640 (2021;
of Beef Scheme
Levies
was
general fund Within
unreStriCted|activities
was E612,640 (2021;
of Beef Scheme
Levies
was
general fund Within
unreStriCted|activities
was E612,640 (2021;
of Beef Scheme
Levies
was
general fund Within
unreStriCted|activities
was E612,640 (2021;
of Beef Scheme
Levies
was
general fund Within
unreStriCted|activities
was E612,640 (2021;
of Beef Scheme
Levies
was
general fund Within
unreStriCted|E615,560) of which
designated
fund
-
fundS,|E615,560) of which
designated
fund
-
fundS,|E615,560) of which
designated
fund
-
fundS,|all is incoming
resources
of
breed
improvement
(2021;|all is incoming
resources
of
breed
improvement
(2021;|all is incoming
resources
of
breed
improvement
(2021;|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|RAISING FOHDS||||||||||||||||
|Investment|management||costs|||||||||||||
||||||||||||||30,6.22|30.6.21||
|Portfolio management|||||||||||||E
~3783|f.
~3232||
|CHARITABI.|E ACTIVITIES||COSTS|||||||||||||
|||||||||||Grant||||||
|||||||||||funding|of|||||
|||||||||||activities|||Support|||
|||||||||Direct||(see note|||costs(see|||
|||||||||Costs||7)|||note 8)|Totals||
|||||||||E||E||||E||
|Furtherance|of the breed|||||||~636|246|~1572|||~73 066|~710 884||
|GRANTS PAYABLE||||||||||||||||
||||||||||||||30.6.22|30.6.21||
||||||||||||||E|E||
|Furtherance|ofthe breed||||||||||||1 572|641||
|The total grants
paid to institutions|||||dudng the year was||||as follows:|||||||
||||||||||||||30.6.22|30.6.21||
||||||||||||||E|E||
|Area Association
Grant||||||||||||||||
||||||||||||||~1572|||
##
##
|||||Governance||
|---|---|---|---|---|---|
||||Finance|costs|Totals|
||||6|8|E|
|Furtherance|of the breed||2 102|~70 964|~73 066|
|NET INCOhlE/(EXPENDITURE)||||||
|Net income/(expenditure)||is stated after charging/(crediting):||||
|||||30.6.22|30.6.21|
|||||c|E|
|Auditors'
remuneration
Depreciation
- ovmed assets||||4,575
~4387|3,760
~4889|
##
##
##
##
##
|STAFF COSTS|||||
|---|---|---|---|---|
||||30.6.22|30.6.21|
||||E|E|
|Wages and salaries|||179,611|182,742|
|Social security costs|||15&227|12,113|
|Other pension costs|||~5221|~8397|
||||~200 059|~203 252|
|The average month(y|number of employees|dunng the year was as follows;|||
||||JO.6.22|30.6.21|
|Administration|||4|4|
##
|12.|COMPARATIVES
FOR|THE STATEMENT OF FINANCIAL|THE STATEMENT OF FINANCIAL|ACTIVITIES||||
|---|---|---|---|---|---|---|---|
||||||Urtiestlktvdl|Restricted|Total|
||||||funds|fund|funds|
||||||E|E|E|
||INCOME AHD ENDOWMENTS||FROM|||||
||Donations
and legacies||||734|||
||Charitable
activities|||||||
||Furtherance ofthe breed||||615,560||615,560|
||Investment
income
Other income||||49,849
56 764||49,849
56 764|
||Total||||722 907||~722 907|
||EXPENDITURE ON|||||||
||Raising funds||||3,232||3,232|
||Charitable
activities|||||||
||Furtherance
of the breed||||~639 189||~639 189|
||Tote I||||~642 421||642 421|
||Net gains on investments||||~105843||~105843|
||HET INCOME||||186,329||186,329|
||RECONCILIATION
OF|FUNDS||||||
||Total funds brought|forward|||1,476,616|2,905|1,479,521|
||TOTAL FUNDS CARRIED FORWARD||||~!662945|~2905|~1665 850|
|13.|INTANGIBLE FIXEDASSETS|||||||
||||||Certified|Breedplan||
||||||trade|selUng||
||||||mark|up cos'ts|Totals|
||||||E|f.|E|
||COST|||||||
||At 1 July 2021 and 30June 2022||||3,966|25 480|29 446|
||AMORTISATION|||||||
||At 1 July 2021 and 30June 2022||||3,966|~25 480|~29 446|
||NET BOOK VALUE|||||||
||At 30June 2022|||||||
||At 30June 2021|||||||
##
##
##
|TANGIBLE FIXED ASSETS|||||
|---|---|---|---|---|
||I reehold|ssotvr|Office||
||property|vehides|equipment|Totals|
||E|E|E|E|
|COST|||||
|At 1 July 2021
Additions|46,645|20,798|155,014
1c384|222,457
1 384|
|At 30June 2022|~46 645|~20 798|~156398|223 841|
|DEPRECIATION|||||
|At I July 2021
Charge for year||15,863
~1234|141,717
~3153|157,580
~1387|
|At 30June Z022||~I7 097|144,870|~161 967|
|NET BOOK VALUE|||||
|At 30June 2022|~46 645|~3701|~II 528|~61 874|
|At 30June 2021|~46 645|4,935|~13 297|64,877|
|HERITAGE ASSETS|||||
|||||Iotal|
|||||E|
|IAARKET VALUE|||||
|At 1 July 2021 and 30June 2022||||~382 050|
|NET BOOK VALUE|||||
|At 30June 2022||||~382 050|
|At 30June 2021||||382,050|
##
##
##
|FIXED ASSET INVESTI6ENTS||
|---|---|
||Listed|
||investments|
||E|
|66ARKET VALUE||
|At I July 2021
Additions
Disposals
Revaluations|735,085
221,784
(161,786)
{101,957)|
|At 30June 2022|~693 126|
|NET BOOK VALUE||
|At 30June Z022|~693 126|
|At 30June 2021|~735 085|
##
||||Listed|
|---|---|---|---|
||||investments|
||||C|
|Valuation|in 2022||693,126|
|INVESThhENT
PROPERTY||||
|FAIR VALUE||||
|At 1 July 2021
Revaluation|||350,000
~25 000|
|At 30June|2022||~375 000|
|NET BOOK VALUE||||
|At 30June|2022||~375 000|
|At 30June|2021||350000|
|Fair value|at 30June 2022 is represented|by:||
||||E|
|Valuation
in 2022|||~375 000|
|18.|completed
23
STOCKS|/03/202|2
by Sunderlands.|||
|
|---|---|---|---|---|---|---|
||||||30,6,22|30,6.21|
|||||||E|
||Stocks||||~6890|~5958|
|19.|DEBTORS: AMOUNTS||FALLING DUE WITHIN|ONE YEAR|||
||||||30.6.22|tn, 6,21|
||||||C|C|
||Trade debtors
Prepayments|and accrued income|||50,136
~12 083|85,828
~6625|
||||||~62 219|~92 453|
##
||||30,6.22|30.6.21|
|---|---|---|---|---|
||Trade creditors
VAT
Other creditors
Accruals and deferred income||E
80,433
'I8,593
668
~1804|E
34,411
11,681
658
~5600|
||||~101 498|52,350|
|21.|MOVEMENT
IH FUNDS||||
||||Net||
||||movement|At|
|||At 1.7.21|in funds|30.6,22|
||Unrestricted
funds||E|E|
||General
fund
RevaluatIOn
fund
Designated
fund - Breed Improvement|813,270
576,550
?73 125|(95,216)
25,000
~39 865|718,054
601,550
~312 990|
||Restricted funds|1,662,945|(30,351)|1,632,594|
||Restricted
fund|2,905||2,905|
||TOTAL FUHDS|~1665 850|~30351)|~1635499|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted||funds|E|f.|E|E|
|Generalfund
Revaluation
Designated|fund
fund - Breed Improvement||688,3?2
42 834|(711,698)
~2969)|(71,840)
25,000|(95,216)
25,000
~39 865|
||||~731 156|~714667)|~46 840)|~3035i)|
|TOTAL FUNDS|||~731 156|~714667)|~46 840)|~30 351)|
##
##
|Comparativ|e|s
for movement
in funds||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.7.20|in funds|30.6.21|
||||E|E||
|Unrestricted||funds||||
|General
fund|||674,006|139,264|813,270|
|Revaluation||fund|576,550||5/6,550|
|Designated||fund - Breed Improvement|22e,oeo|47,oe5|273,125|
||||1,476,616|186,329|1,662,945|
|RestrIcted|funds|||||
|Restricted|fund||2,905||2,905|
|TOTAI
FUNDS|||I 479 521|186 329|I 665 850|
|Compar|ative|net movement
in funds,
include|d
in the above are|as follows:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|||||E|E|E|
|Unrestricted||funds|||||
|General|fund||671,762|(638,341)|105,843|139,264|
|Designated||fund - Breed Improvement|~51 145|~4080)||~47 065|
||||~722 907|~642 421)|~105 843|186 329|
|TOTAL|FUNDS||~722 907|~642 421)|~105 843|~186329|
|A current y|ear 12 months
and prior year 12 months|combined
position
is as follo|ws:||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.7.20|in funds|30.6.22|
|||E|E||
|Unrestricted|funds||||
|General
fund||674,006|44,04I|718,054|
|Revaluation
Designated|fund
fund - Breed Improvement|576,550
~226 060|25,000
~86 930|601,550
312,990|
|||1,476,616|155,978|1,632,594|
|Restricted|funds||||
|Restricted fund||2,905||2,905|
|TOTAL FUNDS||~1479 521|155978|~1 635499|
##
##
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources
f|expended
6|losses
6|in funds
f.|
|Unrestricted||funds|||||
|General
fund
Revaluation
fund
Designated
fund - Breed Improvement|||1,360,084
~93 979|(1,350,039)
~7049)|34,003
25,000|44,048
25,000
86,930|
||||1,~454 063|(1~357088)|~59003|~155 978|
|TOTAL FUNDS|||1~454 063|(1~357 088)|~59 003|~155 978|
##
##
##
##
##
##
##
|Number of|Number|of|
|---|---|---|
|Members 2022|hllembers 2021||
|'l64||184|
|85||80|
|274||277|
|209||215|
|110||119|
|180||179|
|181||185|
|273||268|
|20||22|
|1,496|1,529||
##
|NUMEER OF NEW|MEMBEilS|ELECTE|
|---|---|---|
|2011/2012|105|Members|
|2012/2013|104|Members|
|2013/2014|135|Mernben|
|2014/2015|133|MembeIs|
|2015/2016|135|Members|
|2016/2017|102|Members|
|2017/2018|118|Members|
|2018/2019|89|Members|
|2019/2020|113|Members|
|2020/2021|107|Members|
|2021/2022|104|Members|
##
##
##
|||2022|2021|2021|
|---|---|---|---|---|
|||E|E||
|Turnover||612,640|616,292||
|Administrative
Expenses
Other Operating
Income||(714,667)
88 154|(642,421)
83 913||
|Operating|(Loss)/Profit|(15,873)||57,782|
|Investment|Income|32 362||22 703|
|Profit on|Ordinary
Activities Before Taxation|16,489||80,487|
|Profit on|Disposal of Investments|30 117||15!09|
|Trading
Profit for the Financial Year||46.406||95 998|
##
|RECONCILIATIO|N
OF PROF|IT AND LOSS A|CCOUNT TO STA|TBAENTOF FINANCIAL ACTI|VmES|
|---|---|---|---|---|---|
|||||2022|2021|
|||||8|E|
|Trading
Profit|for the Financial Year|||46,606|95,996|
|Profit (Loss) on
Profit (Lean) on|revaluation
revaluation|of investment
property
of listed investments||25,000
~)0) 957)|90 333|
|Net htovement|ln Funds|||(30,351)|106,329|