The Suffolk Horse Society Limited Annual Report & Financial Statements For the year ended 31[st ] December 2022 Charity Number 220756 **Suffolk Horse Society** ## **Report of the Trustees** ## **for the Year Ended 31 December 2022** The Trustees who are also directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I 02) (effective I January2015). ## **OBJECTIVES AND ACTIVITIES Objectives and aims** The Charities Act 2011 sets out an explicit requirement for all charities to have purposes which are for public benefit. Reporting on that benefit became a requirement from 31 March 2009. In response to Section 4 of the Act requiring charity trustees to have due regard to public benefit guidance published by the Charity Commission and being aware that the Society must report the activities undertaken to further its charitable purposes for the public benefit the Trustees are satisfied that the charity's objectives are in accordance with the principles of public benefit and that the activities undertaken by the Society during 2022 are in pursuance of those objectives. Objective: To preserve and promote the breed known as the Suffolk Horse (commonly known as The Suffolk Punch) encouraging ownership and long-term interest in the breed. The Suffolk breed of heavy horse is a livestock animal indigenous to the United Kingdom that has been developed and refmed over many generations through careful selection to possess a set of specific inherited characteristics. It is recognised as classified as a Priority Breed on the current RBST Watchlist. However, the Suffolk horse as a breed remains critically endangered. The continuity and prevention from extinction of the Suffolk as a breed conforms to the frst principle of public benefit, that the benefit must be identifiable,[i] because not only is the Suffolk a manifestation of a rural cultural heritage but also it constitutes a genetic reservoir and as such is included in the DEFRA conservation strategy for UK Farm Animal Genetic Resources. The system of stallion licensing, which the Society has maintained since the cessation of the (former) Ministry of Agriculture scheme, continued. In 2013 a new methodology whereby the veterinary assessment and Society inspection were conducted at the same time was introduced. This proved effective so was continued in 2022. Three colts were examined during the year. Of these, two were licensed. During 2022 applications for grant funding were received from 67 Suffolk horse owners. In 2022 an encouraging number of coverings were reported which it is hoped will result in a pleasing number of foals in 2023. The demand for Suffolk horses continues to increase, and not just for breeding purposes, therefore geldings are being sold as rapidly as mares and stallions. The Trustees are extremely grateful to the Horserace Betting Levy Board (HBLB) for the annual grant which it pays to the Society to be used for the preservation and promotion of the Suffolk breed of heavy horse. In 2022 the Society received £25,000 from the HBLB, £5,000 from Felix Cobbold Trust and £3,000 from the Chadacre Trust which have been used to pay grants to stallion and mare owners in the following categories: stallion and mare health, blood sampling, travelling mares and stallions for the purpose of breeding, stallion licensing, foal registration and promotion of the Suffolk horse breed. The Society augments the HBLB grants by twenty percent from its own resources. The Society owns semen stocks from 18 stallions and plans on collecting more semen in 2023. At least 20% of all semen stocks will not be sold and will be kept in storage to help the diversity of blood lines in the future. The trustees have decided not to value Semen stocks in the accounts as it is unknown which semen stock have a[n] y value. Any semen purchased from the Society must have permission from the Chairman oftbe Suffolk Horse Society, the Chairman of the Scientific Committee and the Chairman of the Stud Book and Grants Committee. The SPARKS reports will be used to determine the blood lines of the breeding and semen will be released only for a green mating unless under significant circumstances. The Society continues to work with Suffolk horse owners to support and encourage more breeding in 2023. Objective: To collect, verify, preserve and publish pedigrees of the said breed, and other useful information relating thereto. Objective achieved in 2021 by the publication of Volume 97 of the Stud Book, the issuing of equine passports in compliance with UK and EU legislation, and by the gathering of information and registration of animals eligible to appear in Volume 97. Publication has continued in an uninterrupted sequence since Volume I produced in 1880. The integrity of the breed is maintained through meticulous record keeping and careful management of the Stud Book which complies with Commission Decision 96/78/EC laying down the criteria for the entry of animals into equine stud books with the objective of harmonising stud books in European Union countries to enhance the trade in pedigree animals. The Society continued as a passport issuing organisation during the year and participated in focus group work. 2 **Suffolk Horse Society** ## **Report of the Trustees for the Year Ended 31 December 2022** The statistics relating to the population of Suffolk horses in the UK in 2022 are set out below. Those relating to foals registered and stallions licensed are known to be correct, but the other population statistics are dependent upon owners notifying tbe Society's office of horses which have died and male horses which have been castrated. The accuracy of these statistics has undoubtedly improved as a result of horse owners being reminded, repeatedly, that it is their legal responsibility to report deaths and castrations to the Society. This would account for the fall in total numbers and this figure may still be somewhat overstated. |Stallions licensed and listed in 2022|23| |---|---| |Breeding Mares|96| |Non breeding mares & geldings
Registered Foals born in 2022|330| |Fillies|19| |Colts|18| |**Total UK Population**|**486**| Objective: To promote the general interests of members of the Society in connection with the breeding and ownership of Suffolk horses. Objective achieved in 2022 by provision of information and broader education about the breed at all levels through publication of two full-colour magazines and a six-page supplement. The Society attended a number of shows around the country to promote the Suffolk horse and at the end of2022 purchased a van which has been wrapped with pictures of working Suffolks that will attend a large number of shows in 2023 to promote the breed and encourage the increase membership subscriptions to the society. Objective: To offer prizes or premiums or grants for Suffolk horses." ln 2022 The Society paid out£ I 820 .00 in grants _and_ from the Foal & Youngstock Show, the Young Handlers Affiliated Shows. Objective: To raise and manage funds, and generally to do all such lawful things which may be incidental or conducive to the attainment of the above objectives. The Society increased its number of memberships in 2022 whilst attending events to promote the Suffolk horse. Although donations are still down in 2022, legacies have increased. In 2023 the Society hopes to do more fund raising by putting on events, attending shows and by selling more merchandise. The Society is fortunate to receive regular donations from members and supporters but is hoping to encourage more to sign up to Gift Aid to help increase donations in 2023. ## **FINANCIAL REVIEW** The Society's financial position strengthened further during 2022 due largely to a legacy received from the estate of MH Aggar deceased. In addition, significant grants and donations were received for breeding and semen collection purposes. The society has funds available for investments in projects and activities designed to strengthen the Society and increase its capacity to fulfil its charitable objectives and to safeguard the future of the Suffolk horse. The net assets of the Society increased by £23,553 , which was lower than hoped for because of the reduction of 11 % in the market value of our investments and the trustee's decision to not continue to value semen stocks in the Balance Sheet. World events have impacted the value of most investments and the trustees having reviewed our investments during the year and are content with the holdings currently held. The Society's reserves policy is to maintain financial reserves in excess of two years' running costs of the Society. 3 **Suffolk Horse Society** u ## **Report of the Trustees for the Year Ended 31 December 2022** ## **STAFF** The Society in 2022 continues to operate with two part time staff, Mrs Jessica Ellis and Mrs Belinda Rudderham, The combined hours of the staff is 53 hours a week. The website is regularly updated with all infonnation that Suffolk Horse Society members and owners need. The Grassroots database system has been looked at closely and all memberships have now been updated or chased. The membership system is fully operational to members to look and change details for themselves and the office staff are able to produce accurate reports as and when required. The telephone system was amended in 2022 and has three phone lines to call in and a process whereby messages can be left out of office hours or a trustee can be contacted directly with urgent queries. ## **FUTURE PLANS** The Society will continue to raise the public profile of the Society with the objective of significantly increasing the Society's membership and of encouraging more people to own and breed Suffolk horses. The purchase of the Suffolk Horse Society van will help with this as it will give staff accommodation and facilities to attend shows all over the country for more than one day at a time. New grants have been added for 2023 to include embryo transfer and to help with costs associated with the transportation of semen to mare owners. Grants in 2023 are also using SPARKS to pay out depending on mating and to encourage diversity as wide as possible, by monitoring mean kinship. Progress is still being made, but there are still more people who need to be persuaded to become members of the Society to give their support to the breed even though they may not own a Suffolk horse. The Society's website contains infonnation about horses which are for sale and details of people seeking a horse to buy. The Society will continue to promote newer uses for Suffolk horses including riding and private driving. The aim is to create a growing demand for Suffolk horses which will, in turn, encourage more mare owners to breed from their animals. ## **STRUCTURE, GOVERNANCE** _**AND**_ **MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Suffolk Horse Society is a charitable company limited by guarantee, incorporated on 27 October 1891 (registration number 35060) and registered as a charity on 7 January 1964 (charity number 220756). The principal activity of the charitable company continues to be a charity whose purpose is to preserve and promote the Suffolk horse breed. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association as originally defined and as subsequently amended by Special Resolutions filed with Companies House. In 2022 a working party of trustees has reviewed and updated the Articles of Association using the model recommended by the Charity Commission. The updated Articles of Association will be put to the membership for approval at the 2023 AGM. ## **Recruitment and appointment of new trustees** The Trustees who have served during the year are set out on page six. The Society is governed by its Trustees who are elected to the governing Council from the membership at the Annual General Meeting (AGM) and serve for a period of four years, after which period they may put themselves forward for re-election. All Council and Committee members are volunteers and receive no remuneration in respect of their services. Any paid-up member of the Society who is willing to serve and to attend meetings and who wishes to stand for election to the Council may put forward in writing his or her name, which must be supported in writing by two members. The AGM in 2022 was conducted in person and via zoom. Ten members applied to be a Trustee and a ballot paper was sent out to all paid up members. The count was undertaken by Ensors LLP Chartered Accountants. At the council meeting the six members with the highest number of votes were elected. At the AGM in 2021 it was decided to split the Breeding Committee into four smaller committees. The Marketing Committee, the Studbook and Grants Committee, the Shows and Events Committee, and the Scientific Committee. The Council meetings have been increased to six meetings a year and the Sub Committees meet six times a year. This has continued to work well in 2022. 4 **Suffolk Horse Society** ## **Report of the Trustees for the Year Ended 31 December 2022** New Trustees are invited to visit the Society's office to gain an understanding of the working of the Society they are also provided with a Trustees' Handbook in order that they should understand their responsibilities. They are also made aware that, as Trustees, they have become Related Parties and therefore the transactions that they have with the Society have to be recorded as Related Party Transactions. All Trustees have confirmed any conflicts of They are also made aware that, as Trustees, they have become Related Parties and therefore the transactions that they have with the Society have to be recorded as Related Party Transactions. All Trustees have con finned any conflicts of ## **Risk management** The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ln cognisance of their obligations and of Charity Commission Guideline CC25 Managing Charity Risk and Resources, the Trustees make periodic examinations of the major strategic, business and operational risks that the charity may face and monitor the Society's exposure to major risk. The major risks of the Society have been identified and a management strategy for dealing with them has been drawn up. The major risks are: - l. That a fire or other disaster might destroy the Society's office and the records contained in it. Fire alarms and fire prevention equipment are in place. Duplicate records are downloaded and stored in another place. - That the Society's secretaries might, for some reason, be prevented from working for an extended period of time, in which case temporary replacements would be hired. - 2. 3. That the Society's funds might be plundered by fraud or failure of an institution with which they were invested. The funds of the Society are invested and held by a number of different institutions. Regular checks and balances are made to ensure that all funds remain in place. 4. That there might be a serious accident at one of the Society's events causing personal injury or even death. The Society ensures that a Risk Assessment is produced for each event and that action is taken to mitigate risks that have been identified. The Society has public liability insurance up to £10,000,000; employers' liability up to £10,000,000; and trustees' indemnity cover up to£ 1,000,000 per trustee. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 00035060 (England and Wales) ## **Registered Charity number** 220756 ## **Registered office** Suite 8 Britannia House Bentwaters Business Park Rendlesham Suffolk IPl2 2TW 5 Suffolk Horse Societ Report ofthe Tru5tttS for the Year Ended 31 De¢etnber 2022 REFERENCE AND ADMINISTRA TIVE DETAILS Trustees Mr Neil Adams Dr Fred Barrelet R¢$i ed Jul ?022) ned Jul 2022 Ms Alison Clarke Resi Mr Charles Cooke Mr Mark Don5WOrth Suffolk Horse Sociery Chairman (Ai)ril 2• . March 23) I Chairnian Scientifi Committee (From All￿￿$1 2022) Clare. Countess of Eusion Mrs Fiona Flerning Mr John Flemin¥ Mrs Jayne Groom Mrs Ch¢rs".l Grover Mr Jeff Hallett PreSid￿t Chaiman Stud Bogk &. Gr4nrs Committee Chairman Marketing Committee Mr Alan Hawes Treasurer Mrs Andrea Hoskins Past Presideni Mr Frank King¢ Mr John Latham Mr George Paul Mr George Pratt Mr Jonaihan Purse Dted October 20?2) es ed Jul ?02?) President Eleci 2022 Mrs Mary Ryd¢r-Davie5 Mrs Gail Sprake Mr Paul Smith Vi¢e Chaimian & Com ' Secreta Chairn18n Shows & Events Ctsminillee Mr Chris Spalding Mr Neil SJTett Mrs Julie Twrter Mis5 Sue Wa er Comp8ny Secr¢t#ry Mr5 Gail Sprake Res1 edA ril 20221 Stud book ¥oordinaror (From Jul 20?2 Independent Examiners Ensors LLP Charter¢d Accountants Bl>th House R¢ndham Road Saxmundham Suffolk IP17 IWA Approved by the Board of Trust¢es OD 21" March and signed on its behalf by.. MrsGS ake - Secretary ## **Suffolk Horse Society Statement of Financial Activites For the year ended 31 December 2022** |**INCOME & ENDWMENTS**
**Memberhip**Subscptins
**Donatons**
**Legacie**
**Gift Aid**
**Tradin Actvites**
**Investment Incme**
**Totl Incom**
**EXENDITURE**
**Raising Funds**
**Grnt**
**Charitable Acivities**
**Total Exnitr**
**Net inme and net movement in funds**
befr**gains and**lsses**on investment**
**Net gain on Investment**
**Net incme and**net**movement in funds**
**RECONCILIATION OF FUNDS**
**Total Funds broughtforar**
**Total Funds**cred**forard**|**Notes**|**Unrestricted**
**RestictedEnowent**

**Funds**
**Funds**
**Funds**
**33,196**
**25,149**
**87,285**
**161,000**
**5,724**
**23,824**
**31,247**
**4,368**
**280,140**
**91,653**
**32,684**
**33,002**
**127,405**
**31,455**
**160,089**
**64,457**
**120,051**
**27,196**
**-120,145**
**-3,549**
**-9**
**27,196**
**-3,549**
**1,176,539**
**51,538**
**63,715**
**1,176,445**
**78,734**
**60,166**
**2022**
**Total**
**33,196**
**112,43**
**161,000**
**5,724**
**23,824**
**35,615**
**371,793**
**32,684**
**33,002**
**158,860**
**224,546**
**147,247**
**-123,694**
**23,553**
**1,291,792**
**1,315,35**|**2021**
**Total**
**22,254**
**98,233**
**108,333**
**19,627**
**29,278**
**277,725**
**19,838**
**26,532**
**122,811**
**169,181**
**108,544**
**132,606**
**241,150**
**1,050,642**
**1,291,792**| |---|---|---|---| ||**4**
**5**
**6**
**7**
||| **The statement of financial activities includs all gains and losses recognised in the year. All income and expenditure derives from continuing activities.** **The notes on pages 10 to 14 form part of these financial statements** **Page7** Suffolk Horso So¢loty Balance Sheet 31st D&cember 2022 Unre51ricted Restricted Endowment Funds Funds Funds 2022 Total 2021 Total Notes FIXED ASSETS Heritsge Assets Tangible Assets Investments 60,960 22,622 975,834 60,960 22,622 60.166 1.035.800 60.960 1.402 1.059.494 10 1.059.216 60.166 1.119.382 1,121.856 CURRENT ASSETS Stocks Debtors Investments Cash at 8ank 835 9.734 133,0 3,537 835 10.294 201.364 32.567 27.2tKJ 15,549 150.774 28.297 12 13 560 68.364 29,030 147,106 97.954 245,060 221.820 CURRENT LIA81LITIES Cr8dilors- Arnounts falling du8 Within oTre year 14 29.877 19.220 49,097 51.884 NET CURRENT ASSErs 117.229 78.734 195,963 169,936 TOTAL ASSETS LESS CURRENT LIABILITIES 1.176,445 78.734 60.166 1.315.345 1,291,792 NET ASSETS 1,176,445 78,734 60,166 1,315,345 1.291.792 FUNDS OF THE CHARITY Unrestrictad Funds '. General Fund 1.176,445 1,176,539 R8Strict8d Fund5'. Bre¢ding Fund 78,734 51,538 Endowtnent FullLI" B￿edIng Appeal FuThJ 80,166 63.715 Total charlty FundB 15 1.315.345 1.291.792 Tho Charitab￿ Company is entitlèd to 8X8mption from audit under Secbon 477 of the Compank8s Act 21x6 for the year ended 31st December 2022. The [￿teS on pages 10 to 14 fonn part of th8se financk?I statements Pag8 8 Suffolk Horse Society Balance Sheet- Continued 31st December 2022 The trustees aGknowFedge their responsibilites for- (a) ensuring that the Gharitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and Ib) preparing financial statements which give a true and fair view of the state of affairs of affairs of the charitable company as at the end of the financial year and of its sur￿uS or deficit for each finacial yearin accordan￿ with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financail statements, so far as applicable to the charitable company. These financial statements have been prepared in accordan￿ with the provisions applicable to Gharitable companies subject to the small companies regime. These financial stalements were approved by the Board of trustees and authorised for issue on 21st March 2023 and were signed on its behalf by- ons rth Gspr Trustee Suffolk Horse Socl8ty Notes to the flnanclal statgments For the year ended 31 DKOm￿r 2022 1. General Informatlon The ch8rty is a public banèfit entity 8nd & registered chanty in EnglaTrJ Wa* and ￿ o compèny incorporated and limited by guarantee The aCId￿$S Of thè prinoplg 1)ffic• is Suit8 8 Brrtannra Housè Rendthham SuN¢lk IP12 2TZ. 2. Ststèmèftt of ¢ornplianc• The financial ststement5 have been prnpared in ar£or(Jance wrth th8 8¢counting policies set out in Ihe notes to the accounts and cornply with the charivs governing documènt, The Charitse5 Ara 2011 and Accounting and ReporhNJ by Charities".Ststement of Recommend8d Practise applicable lo char￿e5 preponr*J Ih•ir accounts in aC￿rdan0 with the Financ￿￿1 Reporting Standard applicab￿ in the UK publish•d in Odcter 2019. ar¥J the Comp8nros Act 2006. The finanoal stat•monts hpve ty•par8d to gNe a ar•J laiff vw ofthè Charity. 3. k¢ountln9 Poliei Ba81s of Pr*parats'on The financial $tstemen15 have been prepared on the historical c¢st basis, as ftKrflified by the revaluation of ￿rtain finanoal 8$8ets and laibilities measured at fair value through incorne aThY tynditur8. Th8 financ*al statemnts are prepared In starting, which ￿ the lundional ¢urrency of th8 enw. Going Conurn The aceA)unts have preparod on the going 0)n￿rn bas￿ and the Tru6t•ts believe that no matenal Un￿rtainl￿ exist The trustees have o)nsiderad the L8vel of fvnds held and the expect¢ inujme and expenditure for Ihe 12 mortths fr(m authon5ing these financial statements. The b￿1gets￿ Inco￿ and expendrture Is $ufficwt wilh the K8vel ol ¥eserv8s for the Charity to bE able to continue as a g￿n9 ￿nCem. Th• trv51ee6 have trdken into a¢o)unf th• irnpact of COV1019 in making this assessrnent. Fund AccounVng Unrestricted funds are av8iLgblg for use at th8 di5uet.on of t￿ TnAtegs in hJrther8nc* ol Ihe Chanties objedives. R8stncted funds ar6 amounts where th• donor has $perJfied tho Purp￿ ol Ihe use of the funds 8nd relate to donations and 9ronts given for breeding purp0588. End0￿r￿nt funds rdaie lo Mnds receivèd for 8 restncted puw05e. The inve$lm$nt income re￿1Ved ffrc￿ tho wital Invested can b8 spenl on this purp0$8, With the c&pitsl remaining In¢om• Income is indud*l in th• st•t•M•￿ of finanfial aLtvibe5 when entiknxont has passe(1 to the Charity", it is probabb th81 the economK benefits ass00a￿ with tho tran8ac*on will flow to the Charity and the amount can te rel0￿Y rtsasured. sF￿h¢poIK￿S are applied to particular caiagones of Income. Income from donations or grants is r8cogni5ed vthen there is evthrK• of ontrl18ment tr) the 91ft. receipt is probable and its amount can be measur•d rdiably. Investrnent Income is recogni8ed once a dividend has been ded8red. Short temi deposit inl8rg$t is Includ8d when the amount can te measurnd. Exp•ndrlur• Expendrture is recognised on an aecrual8 basis as a liabilty is incurfod. ExFenditure is das5ffjed under I￿adIng5 ol tho $tstemeni of finanfyal activities to it r&l8t8s. expendrtUT& on rai$irg lunds indud•8 thtr costs of all fundr¥ising activit￿8, events, non-charitable trodirg 8divrte¥, and Ihe Sa￿ ofdon8ted g(￿S expendibJr8 on ¢hantsbK* aLliviles indudes all costs incurred by the ch8rity in undortakiThJ activities that further rts chantabk aims for the benefit of ts members, induclir4 those support costs an¢J costs relatsng 10 Ihts govèrnanr£ of the chanty. . Grants paya￿e ao r8cognisod rn accounts at Ihe point al which th• ch•rty has undertaktsrt an obli9alion to make payment 0￿ of existsThJ ftsThts. Gewally th18 1$ w￿n Ihe reapient has mel any tonditions of the award and the grant has been appro¥ed for pE￿nt by the tru5t8es. Page10 ## **Suffolk Horse Society** ## **Notes to the financial statements For the year ended 31 December 2022** ## **Impairment of fixed assets** A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. ## **Financial Instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and consequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **Taxation** The charity is exempt from Corporation Tax on its charitable activities. _)_ |**4. Other Trading Activities**
Income from Events
Sale of Promotional Items
Other Income (Including semen sales)
**5. Investment Income**
**2022**
Unrestricted
Restricted
Total
Funds
Funds
Funds
Dividend Income
29,880
3,398
33,278
Interest Received
1,367
970
2 337
31,247
4,368
35,615
**6. Raising Funds**
Costs of Membership
Promotion and Furherance
Expenditure on Events
Promotional Items
7. **Charitable Activities**
Employment Costs
Office Costs
Sundries
Breeding Costs
Depreciation of Tangible**Assets**
Bank Charges
Accountancy, Legal and Professional fees
**Restricted Funds -**
Semen Collection Costs
Frozen Semen storage costs
Mare Breeding Sub Fertility
Stallion Licensing Expenses|**2022**
12,264
9,973
1,587
23,824
UnrestrictedRestricted
Funds
Funds
25,803
3,030
261
184|

**2021**
10,705
5,118
3,804
19,627
**2021**
Total
Funds
28,833
445| |---|---|---| ||26,064
3,214|
29,278| ||**2022**
10,805
7,782
7,144
6,953
32,684
50,010
29,925
1,673
25,746
6,380
1,547
12,124
127,405
28,177
958
593
1,727
158,860|**2021**
9,720
2,524
4,048
3,546
19,838
67,287
26,927
2,950
-13,565
1,117
1,323
17,858
103,897
15,478
1,210
500
1,726
122,811| Page 11 Suffolk Horse Society Notes to tho financlal $tstements Yoor End•d 31 D•cemb•r 2022 8. H•ritag• A•￿* These con$•t of 25 paintiwa valuèl tyy John Day in September 2017 Marketvalue al 1st January and 31 Dgc8mber 2022 2022 2021 Net Book val￿ at 31st tkcernber2022 2021 60,960 9. T•ngibl• Flxed A•••ts 2022 Plant Ano Machin•ry 2021 Plant And M•chin8ry C08t Al Isl Janu¥ry 2022 Addrt￿n$ On Oispoul 14.641 27.6 14,017 624 At 31st D￿rnt￿l 2022 42.241 14,641 Depwaation At 191 January 2022 Charge lor Ihe year On Oi5POS818 13.239 12.122 1117 At 31$t t*c•mber2022 19,619 13,239 Book Value At 31st Dec•n*w 2022 22,822 1.402 At 316¢ Dec¢rnber 2021 1.402 1,895 08prwation YO prov*a•d Bt 25% on a roduang annual bahnc•. 10. Invgslm•ni• L*tsd Invesbmnts. Unrestrthd Fund8 Total 2022 Total 2021 Fund Cost or Valu8b)n- At 1st January 2022 Purchases Sales Fair Value Mov8mentS 995.779 1￿.(1X* 63.715 1.059.494 100.000 826,337 152.498 51.947 132.6( -120.145 .3.549 -123.694 At 3181 Decsrnber 2021 975.634 eo.166 1,035.PJ)O 1.059.494 l inv•sbnenl• Sh￿ are tr￿k1 a¢ ¥a￿at4)n. 11. 8toc*s 3012 2021 25.746 1,454 Merchand￿¢ 835 27.2C#J Stocks a￿ vahAd at the ol c4st and net realY*abk valug. 12. D•btors 2022 2021 TTh18 Dabtor¥ Prepayments and aCCr￿d inccm• Othèr dèbtors 75 10.044 175 39 15.229 281 10.294 15.549 Pag• 12 ## **Suffolk Horse Society** ## **Notes to the financial statements Year Ended 31 December 2022** |**13. Investments**
Short-Term deposits
**14. Creditors: Amount falling due within one year**
Trade Creditors
Social security and other taxes
Pension Liabilities
Accruals and Deferred Income
**15. Total Charity Funds**
Unrestricted Fund
Restricted Fund
Endowment Fund
Unrestricted Fund
Restricted Fund
Endowment Fund
**At**
01/01/2022
1,176,539
51,538
63,715
1,291,792
**At**
01/01/2021
974,172
20,270
56,200
1,050,642
Income
280,140
91,653
371,793
Income
201,011
76,714
277,725
Expenditure
160,089
64,457
224,546
Expenditure
123,735
45,446
169,181|2022
201,364
2022
29,799
471
216
18,611
49,097
Investment
Gains(Losses)
-120,145
-3,549
-123,694
Investment
Gains(losses)
125,091
7,515
132,606|2021
150,774| |---|---|---| |||2021| |||27,530
632
159
23,563| |||51,884| |||**At**
31/12/2022
1,176,445
78,734
60,166| |||1,315,345| |||**At**
31/12/2021
1,176,539
51,538
63,715| |||1,291,792| ## **Analysis of Net Assets** |Heritage Assets
Tangible Assets
Investments
Current Assets
Current Liabilities|Unrestricted
Restricted
Funds
Funds
60,960
22,622
975,634
147,106
97,954
29,877
19,220
Endowment
Funds
60,166
Total
2022
60,960
22,622
1,035,800
245,060
49,097
Total
2021
60,960
1,402
1,059,494
221,820
51,884| |---|---| ||1,176,445
78,734
60,166
1,315,345
1,291,792| Page 13 ## **Suffolk Horse Society** ## **Notes to the financial statements** ## **Year Ended 31 December 2022** ## **16. Related Parties** During the year, the charity made grants to the following persons who are trustees of the charity: |
of the charity:|| |---|---| |2022
Mr**J**Fleming
800
Mr FA Kinge
1875
MrG W Paul
Mr G Pratt
3342
Mrs A Hoskins
825
Mr P Smith
100
S Wager
**J**Groom
915
J Turner
**J**Latham
240|2021| ||200
1215
505
520
880
425
460
275| ## **17. Trustee remuneration and expenses** No trustee or any person connected with them received any remuneration during the year. The charity paid a total of £1,055 in Trustee Expenses during the year. (2021: £922) ## **18. Contingencies** At the 31st December 2022 the company had no contingencies not provided for in the accounts. (2021: Nil). ## **19. Controlling party** The ultimate controlling party is considered to be the Members. Page 14 **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE SUFFOLK HORSE SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2022** I report to the trustees on my examination of the financial statements of The Suffolk Horse Society (the charity) for the year ended 31 December 2022. ## **Responsibilities and basis of report** As trustees of the charity (and also its directors for the purpose of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’) and the Charities Act 2011 (‘the 2011 Act’). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect,: - i. the accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - ii. the financial statements did not accord with those accounting records; or - iii. the financial statements did not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or - iv. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Carl Page FCCA Ensors Accountants LLP Member of the Institute of Chartered Accountants in England and Wales (ICAEW) Blyth House Rendham Road Saxmundham Suffolk IP17 1WA Dated: 05/04/2023 Page 15