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2023-12-31-accounts
| Stallions licensed and listed in 2023 |
24 |
| Breeding Mares |
75 |
| Registered Foals born in 2023 |
40 |
| Fillies |
23 |
| Colts |
17 |
EFERENCE AND ADMINIS
Trustees |
TRATIVE DETAILS |
| Mr Neil Adams |
|
| Mr Charles Cooke |
|
| Mr Mark Donsworth |
Suffolk Horse Society Chairman (April 22 - March 23)
Chairman Scientific Committee (From August 2022) |
| Clare, Countess of Euston |
|
| Mrs Fiona Fleming |
Retiring President |
| Mr John Fleming |
Chairman Stud Book & Grants Committee |
| Mrs Jayne Groom |
Chairman Marketing Committee |
| Mrs Cheryl Grover |
|
| Mr Jeff Hallett |
Retired April2023 |
| Mr Alan Hawes |
Treasurer |
| Mrs Andrea Hoskins |
|
| Mr Frank Kinge |
|
| Mr Bruce Langley McKim |
Elected April 2023 |
| Mr John Latham |
|
| Mr George Pratt |
|
| Mrs Mary Ryder-Davies |
President |
| Mrs Gail Sprake |
Vice Chairman & Company Secretary |
| Mr Paul Smith |
Chairman Shows & Events Committee |
| Mr Chris Spalding |
|
| Mr Neil Syrett |
President Elect |
| Miss Sue Wager |
Suffolk Horse Society Chairman (since April 2023)
Stud Book Coordinator |
|
|
Unrestricted |
Restricted |
Endowment |
2023 |
2022 |
|
Notes |
Funds |
Funds |
Funds |
Total |
Total |
| INCOME & ENDOWMENTS |
|
|
|
|
|
|
| Membership Subscriptions |
|
30,238 |
- |
- |
30,238 |
33,196 |
| Donations and Grants |
|
18,497 |
41,870 |
- |
60,367 |
112,434 |
| Legacies |
|
6,250 |
- |
- |
6,250 |
161,000 |
| Gift Aid |
|
0 |
- |
- |
0 |
5,724 |
| Trading Activites |
4 |
45,011 |
- |
- |
45,011 |
23,824 |
| Investment Income |
5 |
39,548 |
6,867 |
- |
46,415 |
35,615 |
| Total Income |
|
139,544 |
48,737 |
- |
188,281 |
371,793 |
| EXPENDITURE |
|
|
|
|
|
|
| Raising Funds |
6 |
50,007 |
- |
- |
50,007 |
32,684 |
| Grants |
|
- |
31,130 |
- |
31,130 |
33,002 |
| Charitable Activities |
7 |
100,300 |
6,356 |
- |
106,656 |
158,860 |
| Total Expenditure |
|
150,307 |
37,486 |
- |
187,793 |
224,546 |
| Net income and net movements in funds |
|
|
|
|
|
|
| before gains and losses on investments |
|
-10,763 |
11,251 |
- |
488 |
147,247 |
| Net Loss /gains on Investments |
|
101,224 |
- |
-1,411 |
99,813 |
-123,694 |
| Net income and net movement in funds |
|
90,461 |
11,251 |
-1,411 |
100,301 |
23,553 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
|
| Total Funds brought forward |
|
1,176,445 |
78,734 |
60,166 |
1,315,345 |
1,291,792 |
| Total Funds carried forward |
|
1,266,906 |
89,985 |
58,755 |
1,415,646 |
1,315,345 |
Balance Sheet
31st December 2023 |
|
|
|
|
|
|
|
|
|
|
Unrestricted |
Restricted |
Endowment |
2023 |
2022 |
|
Notes |
|
Funds |
Funds |
Funds |
Total |
Total |
| FIXED ASSETS |
|
|
|
|
|
|
|
| Heritage Assets |
|
8 |
60,960 |
|
|
60,960 |
60,960 |
| Tangible Assets |
|
9 |
20,342 |
- |
- |
20,342 |
22,622 |
| Investments |
|
10 |
1,076,858 |
- |
58,755 |
1,135,613 |
1,035,800 |
|
|
|
1,158,160 |
- |
58,755 |
1,216,915 |
1,119,382 |
| CURRENT ASSETS |
|
|
|
|
|
|
|
| Stocks |
|
11 |
2,110 |
|
|
2,110 |
835 |
| Debtors |
|
12 |
16,334 |
2,032 |
- |
18,366 |
10,294 |
| Investments |
|
13 |
120,000 |
79,542 |
- |
199,542 |
201,364 |
| Cash at Bank |
|
|
10,293 |
21,497 |
- |
11,204 |
32,567 |
|
|
|
128,151 |
103,071 |
- |
231,222 |
245,060 |
| CURRENT LIABILITIES |
|
|
|
|
|
|
|
| Creditors- Amounts falling due within one year |
14 |
|
19,405 - |
13,086 |
- |
32,491 |
49,097 |
| NET CURRENT ASSETS |
|
|
108,746 |
89,985 |
- |
198,731 |
195,963 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
1,266,906 |
89,985 |
58,755 |
1,415,646 |
1,315,345 |
| NET ASSETS |
|
|
1,266,906 |
89,985 |
58,755 |
1,415,646 |
1,315,345 |
| FUNDS OF THE CHARITY |
|
|
|
|
|
|
|
| Unrestricted Funds: |
|
|
|
|
|
|
|
| General Fund |
|
|
|
|
|
1,266,906 |
1,176,445 |
| Restricted Funds: |
|
|
|
|
|
|
|
| Breeding Fund |
|
|
|
|
|
89,985 |
78,734 |
| Endowment Fund: |
|
|
|
|
|
|
|
| Breeding Appeal Fund |
|
|
|
|
|
58,755 |
60,166 |
| Total charity Funds |
|
15 |
|
|
|
1,415,646 |
1,315,345 |
| 4. Other Trading Activities |
|
|
|
2023 |
|
2022 |
| Income from Events |
|
|
|
27,091 |
|
12,264 |
| Sale of Promotional Items |
|
|
|
16,185 |
|
9,973 |
| Other Income (Including semen sales) |
|
|
|
1,734 |
|
1,587 |
|
|
|
|
45,011 |
|
23,824 |
| 5. Investment Income |
|
|
|
|
|
|
|
|
|
2023 |
|
|
2022 |
|
Unrestricted |
Restricted |
Total |
Unrestricted |
Restricted |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
Funds |
| Dividend Income |
34,308 |
3,501 |
37,809 |
29,880 |
3,398 |
33,278 |
| Interest Received |
5,240 |
3,366 |
8,606 |
1,367 |
970 |
2,337 |
|
39,548 |
6,867 |
46,415 |
31,247 |
4,368 |
35,615 |
| 6. Raising Funds |
|
|
|
2023 |
|
2022 |
| Costs of Membership |
|
|
|
13,256 |
|
10,805 |
| Promotion and Furtherance |
|
|
|
12,207 |
|
7,782 |
| Expenditure on Events |
|
|
|
13,276 |
|
7,144 |
| Promotional Items |
|
|
|
11,268 |
|
6,953 |
|
|
|
|
50,007 |
|
32,684 |
| 7. Charitable Activities |
|
|
|
|
|
|
| Employment Costs |
|
|
|
54,480 |
|
50,010 |
| Office Costs |
|
|
|
26,774 |
|
29,925 |
| Sundries |
|
|
|
271 |
|
1,673 |
| Breeding Costs |
|
|
|
0 |
|
25,746 |
| Depreciation of Tangible Assets |
|
|
|
5,516 |
|
6,380 |
| Bank Charges |
|
|
|
1,583 |
|
1,547 |
| Accountancy, Legal and Professional fees |
|
|
|
11,676 |
|
12,124 |
|
|
|
|
100,300 |
|
127,405 |
| Restricted Funds - |
|
|
|
|
|
|
| Semen Collection Costs |
|
|
|
0 |
|
28,177 |
| Frozen Semen storage costs |
|
|
|
2,037 |
|
958 |
| Mare Breeding Sub Fertility |
|
|
|
0 |
|
593 |
| Bloods & DNA |
|
|
|
2,702 |
|
0 |
| Stallion Licensing Expenses |
|
|
|
1,617 |
|
1,727 |
|
|
|
|
106,656 |
|
158,860 |
| 8. Heritage Assets |
|
|
_ |
2023 |
_2022 |
_2022 |
| These consist of 25 paintings |
valued by John Day in |
September 2017 |
|
|
|
|
| Market Value at 1st January and 31 December 2023 |
|
|
|
60,960 |
|
60,960 |
| Net Book Value at 31st December 2023 and 2022 |
|
|
|
60,960 |
|
60,960 |
| 9. Tangible Fixed Assets |
|
2023 |
|
|
|
2022 |
|
|
Plant And |
|
|
|
Plant And |
|
|
Machinery |
|
|
Machinery |
|
| Cost |
|
|
|
|
|
|
| At 1st January 2023 |
|
42,241 |
|
|
|
14,641 |
| Additions |
|
4,635 |
|
|
|
27,600 |
| On Disposals |
|
-5,937 |
|
|
_____ - |
|
| At 31st December 2023 |
|
40,939 |
|
|
|
42,241 |
| Depreciation |
|
|
|
|
|
|
| At 1st January 2023 |
|
19,619 |
|
|
|
13,239 |
| Charge for the year |
|
6,915 |
|
|
|
6380 |
| On Disposals |
|
-5,937 |
|
|
|
-_____ |
| At 31st December 2023 |
|
20,597 |
|
|
|
19,619 |
| Net Book Value |
|
|
|
|
|
|
| At 31st December 2023 |
|
20,342 |
|
|
|
22,622 |
| At 31st December 2022 |
|
22,622 |
|
|
|
1,402 |
| Depreciation is provided at 25% on a reducing annual balance. |
|
|
|
|
|
|
| 10. Investments |
|
|
|
|
|
|
| Listed Investments - |
|
|
|
|
|
|
|
Unrestricted |
Endowment |
|
Total |
|
Total |
|
Funds |
Fund |
|
2023 |
|
2022 |
| Cost or Valuation - |
|
|
|
|
|
|
| At 1st January 2023 |
975,634 |
60,166 |
|
1,035,800 |
|
1,059,494 |
| Purchases |
|
|
|
- |
|
100,000 |
| Sales |
|
|
|
|
|
- |
| Fair Value Movements |
101,224 |
-1,411 |
|
99,813 |
- |
123,694 |
| At 31 st December 2023 |
1,076,858 |
58,755 |
|
1,135,613 |
|
1,035,800 |
| All investments shown above are held at valuation. |
|
|
|
|
|
|
| 11. Stocks |
|
|
|
2023 |
2022 |
| Merchandise |
2,110 |
835 |
|
2,110 |
835 |
| Stocks are valued at the lower of cost and net realisable value. |
|
|
| 12. Debtors |
|
|
|
2023 |
2022 |
| Trade Debtors |
75 |
75 |
| Prepayments and accrued income |
12,616 |
10,044 |
| Other debtors |
5,675 |
175 |
|
18,366 |
10,294 |
| **Year Ended 31 December ** |
2023 |
|
|
|
|
|
|
|
|
2023 |
2022 |
| 13. Investments |
|
|
|
|
|
| Short-Term deposits |
|
|
|
199,122 |
201,364 |
| **14. Creditors: Amounts falling ** |
due within one year |
|
|
|
|
|
|
|
|
2023 |
2022 |
| Trade Creditors |
|
|
|
7,183 |
29,799 |
| Social security and other taxes |
|
|
|
382 |
471 |
| Pension Liabilities |
|
|
|
378 |
216 |
| Accruals and Deferred Income |
|
|
|
24,548 |
18,611 |
|
|
|
|
32,491 |
49,097 |
| 15. Total Charity Funds |
|
|
|
|
|
|
At |
Income |
Expenditure |
Investment |
At |
|
01/01/2023 |
|
|
Gains(Losses) |
31/12/2023 |
| Unrestricted Fund |
1,176,445 |
139,544 |
150,307 |
101,224 |
1,266,906 |
| Restricted Fund |
78,734 |
48,737 |
37,486 |
• |
89,985 |
| Endowment Fund |
60,166 |
- |
- |
-1,411 |
58,755 |
|
1,315,345 |
188,281 |
187,793 |
99,813 |
1,415,646 |
|
At |
Income |
Expenditure |
Investment |
At |
|
01/01/2022 |
|
|
Gains(losses) |
31/12/2022 |
| Unrestricted Fund |
1,176,539 |
280,140 |
160,089 |
120,145 |
1,176,445 |
| Restricted Fund |
51,538 |
91,653 |
64,457 |
|
78,734 |
| Endowment Fund |
63,715 |
• |
- |
3,549 |
60,166 |
|
1,291,792 |
371,793 |
224,546 |
123,694 |
1,315,345 |
| Analysis of Net Asset |
s |
|
|
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
2023 |
2022 |
| Heritage Assets |
60,960 |
|
- |
60,960 |
60,960 |
| Tangible Assets |
20,342 |
- |
- |
20,342 |
22,622 |
| Investments |
1,076,858 |
- |
58,755 |
1,135,613 |
1,035,800 |
| Current Assets |
128,151 |
103,071 |
- |
231,222 |
245,060 |
| Current Liabilities |
19,405 - |
13,086 |
- |
32,491 |
49,097 |
|
1,266,906 |
89,985 |
58,755 |
1,415,646 |
1,315,345 |
During the year, the charity made
of the charity: |
grants to the following person |
s who are |
|
2023 |
2022 |
| Mr J Fleming |
1020 |
800 |
| Mr F A Kinge |
1000 |
1875 |
| Mr B McKim |
3114 |
0 |
| Mr G Pratt |
1017 |
3342 |
| Mrs A Hoskins |
730 |
825 |
| Mr P Smith |
130 |
100 |
| Mrs J Groom |
945 |
915 |
| Mr J Latham |
275 |
240 |