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|Stallions licensed and listed in 2023|24|
|---|---|
|Breeding Mares|75|
|Registered Foals born in 2023|40|
|Fillies|23|
|Colts|17|



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|**EFERENCE AND ADMINIS**<br>**Trustees**|**TRATIVE DETAILS**|
|---|---|
|Mr Neil Adams||
|Mr Charles Cooke||
|Mr Mark Donsworth|Suffolk Horse Society Chairman (April 22 - March 23)<br>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)<br>Stud Book Coordinator|



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|||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|





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|**Balance Sheet**<br>**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|





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|**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|





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|**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.|||||||



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|**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|





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|**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|



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|**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|





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|During the year, the charity made <br>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|



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