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|Stallions licensed and listed in 2021-|24|
|---|---|
|Breeding Mares|81|
|Foals born in 2021-||
|Fillies|18|
|Colts|20|
|Total UK Population|482|



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|||||Unrestricted|Restricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||Notes|Funds|Funds|Funds|Total|Total|
|INCOME & ENDOWMENTS|||||||||
|Membership<br>Subscriptions||||22,254|||22,254|19,077|
|Donations||||24,733|73,500||98,233|57,486|
|Legacies||||108,333|||108,333|107,805|
|Trading Activites||||19,627|||19,627|13,575|
|Investment<br>Income||||26,064|3,214||29,278|23,404|
|Total Income||||201,011|76,714||277,725|221,347|
|EXPENDITURE|||||||||
|Raising Funds||||6,273|||6,273|30,141|
|Grants|||||26,532||26,532|30,139|
|Charitable<br>Activities||||117,462|18,914||136,376|106,247|
|Total Expenditure||||123,735|45,446||169,181|166,527|
|Net income and net|movements|in funds|||||||
|before gains and losses on investments||||77,276|31,268||108,544|54,820|
|Net gains on Investments||||125,091||7,515|132,606|4,512|
|Net income and net|movement|in funds||202,367|31,268|7,515|241,150|59,332|
|RECONCILIATION|OF FUNDS||||||||
|Total Funds brought|forward|||974,172|20,270|56,200|1,050,642|991,310|
|at 1 January 2021|||||||||
|Total Funds carried|forward|||1,176,539|51,538|63,715|1,291,792|1,050,642|
|at 31 December 2021|||||||||





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|||||Unrestricted|Restricted|Restricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||||Notes|Funds|Funds||Funds|Total|Total|
|FIXEDASSETS||||||||||
|Heritage Assets|||8|60,960||||60,960|60,960|
|Tangible Assets|||9|1,402||||1,402|1,895|
|Investments|||10|995,779|||63,715|1,059,494|826,337|
|||||1,058,141|||63,715|1,121,856|889,192|
|CURRENT ASSETS||||||||||
|Stocks|||11|27,200||||27,200|13,853|
|Debtors|||12|15,368||181||15,549|19,459|
|Investments|||13|73,000|77,774|||150,774|75,000|
|Cash at Bank||||30,054|(1,757)|||28,297|80,610|
|||||145,622|76,198|||221,820|188,922|
|CURRENT LIABILITIES||||||||||
|Creditors: Amounts||falling due within one year|14|(27,224)|(24,660)|||(51,884)|(27,472)|
|NET CURRENT ASSETS||||118,398|51,538|||169,936|161,450|
|TOTAL ASSETS|LESSCURRENT LIABILITIES|||1,176,539|51,538||63,715|1,291,792|1,050,642|
|NET ASSETS||||1,176,539|51,538||63,715|1,291,792|1,050,642|
|FUNDS OF THE|CHARITY|||||||||
|Unrestricted<br>Funds:||||||||||
|General<br>Fund||||||||1,176,539|974,172|
|Restricted<br>Funds:||||||||||
|Breeding<br>Fund||||||||51,538|20,270|
|Endowment<br>Fund:||||||||||
|Breeding Appeal|Fund|||||||63,715|56,200|
|Total charity Funds|||15|||||1,291,792|1,050,642|





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|4.Other Trading Activities|4.Other Trading Activities|4.Other Trading Activities|||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|
|Income from Events|||||||10,705||1,978|
|Sale of Promotional|Items||||||5,118||7,135|
|Advertising<br>Income|||||||0||734|
|Other Income (Including||semen|sales)||||3,804||3,728|
||||||||19,627||13,575|
|5.Investment<br>Income||||||||||
|||||||2021|||2020|
|||Unrestricted|||Restricted|Total|Unrestricted|Restricted|Total|
||||Funds||Funds|Funds|Funds|Funds|Funds|
|Dividend<br>Income|||25,803||3,030|28,833|19,962|2,241|22,203|
|Interest Received||||261|184|445|1,174|27|1,201|
||||26,064||3,214|29,278|21,136|2,268|23,404|
|6.Raising Funds|||||||2021||2020|
|Direct fundraising<br>costs|||||||||592|
|Costs of Membership|||||||9,720||6,741|
|Promotion<br>and Furtherance|||||||2,524||11,459|
|Breeding Costs|||||||(13,565)||4,319|
|Expenditure<br>on Events|||||||4,048||2,160|
|Promotional<br>Items|||||||3,546||4,870|
||||||||6,273||30,141|
|7.Charitable<br>Activities||||||||||
|Employment<br>Costs|||||||67,287||64,681|
|Office Costs|||||||26,927||20,775|
|Sundries|||||||2,950||1,253|
|Depreciation<br>ofTangible||Assets|||||1,117||631|
|Bank Charges|||||||1,323||1,320|
|Accountancy,<br>Legal|and|Professional||fees|||17,858||17,587|
||||||||117,462||106,247|
|Restricted Funds-||||||||||
|Semen Collection Costs|||||||15,478|||
|Frozen Semen storage||costs|||||1,210|||
|Mare Breeding Sub|Fertility||||||500|||
|Stallion Licensing Expenses|||||||1,726|||
||||||||136,376||106,247|





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|Forthe year ended|31 D|ecem|ber 2021|||||||
|---|---|---|---|---|---|---|---|---|---|
|8.Heritage Assets||||||||2021|2020|
|These consist of25 paintings||valued|by John|Day in|September||2017|||
|Market Value at 1st January||and 31|December|2021||||60,960|60,960|
|Net Book Value at 31st|December 2021 and 2020|||||||60,960|60,960|
|9.Tangible<br>Fixed Assets|||||||2021||2020|
|||||||Fixtures and|||Fixtures and|
||||||||Fittings||Fittings|
|Cost||||||||||
|At 1stJanuary 2021|||||||14,017||24,335|
|Additions<br>On Disposals|||||||624||~10,318|
|At 31st December 2021|||||||14,641||14,017|
|Depreciation||||||||||
|At 1st January 2021|||||||12,122||21,809|
|Charge for the year<br>On Disposals|||||||1,117||631<br>~10,318|
|At 31st December 2021|||||||13,239||12,122|
|Net Book Value||||||||||
|At 31st December 2021|||||||1,402||1,895|
|At 31st December 2020|||||||1,895||2,526|
|Depreciation<br>is provided|at 25% on||a reducing|annual|balance.|||||
|10.Investments||||||||||
|Listed Investments-||||||||||
|||Unrestricted||Endowment||||Total|Total|
||||Funds|||Fund||2021|2020|
|Cost or Valuation-||||||||||
|At 1st January 2021|||770,137|||56,200||826,337|728,762|
|Purchases|||152,498|||||152,498|93,063|
|Sales|||(51,947)|||||(51,947)||
|Fair Value Movements|||125,091|||7,515||132,606|4,512|
|At 31st December 2021|||995,779|||63,715||1,059,494|826,337|
|All investments<br>shown above||are held at valuation.||||||||
|11.Stocks||||||||||
|||||||||2021|2020|
|Semen||||||||25,746|12,180|
|Merchandise||||||||1,454|1,673|
|||||||||27,200|13,853|
|Stocks are valued at the|lower ofcost and net|||realisable||value.||||
|12.Debtors||||||||||
|||||||||2021|2020|
|Trade Debtors||||||||39|6,150|
|Prepayments<br>and accrued income||||||||15,229|7,229|
|Other debtors||||||||281|6,080|
|||||||||15,549|19,459|





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|Forthe year ended <br>13.Investments|3|1 December 2021|2021|2020|
|---|---|---|---|---|
|Short-Term<br>deposits|||150,774|75,000|
|14.Creditors: Amounts||falling due within one year|||
||||2021|2020|
|Trade Creditors|||27,530|11,141|
|Social security and other||taxes|632|461|
|Pension<br>Liabilities|||159|314|
|Accruals and Deferred|Income||23,563|15,556|
||||51,884|27,472|



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|15.Total|Charity Fun|ds|||
|---|---|---|---|---|
|||At|Income|Expenditure|
|||01/01/2021|||
|Unrestricted|Fund|974,172|201,011|123,735|
|Restricted|Fund|20,270|76,714|45,446|
|Endowment|Fund|56,200|||
|||1,050,642|277,725|169,181|
|||At|Income|Expenditure|
|||01/01/2020|||
|Unrestricted|Fund|913,251|186,480|136,388|
|Restricted|Fund|15,541|34,867|30,139|
|Endowment|Fund|62,518|||
|||991,310|221,347|166,527|




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|Analysi|s of Net Ass|ets|||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||Funds|Funds|Funds|2021|2020|
|Heritage|Assets|60,960|||60,960|60,960|
|Tangible|Assets|1,402|||1,402|1,895|
|Investments||995,779||63,715|1,059,494|826,337|
|Current|Assets|145,622|76,198||221,820|188,922|
|Current|Liabilities|(27,224)|(24,660)||(51,884)|(27,472)|
|||1,176,539|51,538|63,715|1,291,792|1,050,642|





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|During the year, the charity made gran<br>ofthe charity:|ts to the following<br>perso|ns who ar|
|---|---|---|
||2021|2020|
|Mr J Fleming|200|775|
|Mr FA Kinge|1215|945|
|Mr G W Paul|505|100|
|Clare Countess of Euston||70|
|Mr G Pratt|520|855|
|Mrs A Hoskins|880|1,045|
|Mr N Syrett||660|
|SWager|425||
|J Groom|460||
|J Turner|275||



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