2021-12-31-accounts - Welsh Pony And Cob Society

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		Page
Trustees report
Statement oftrustees	responsibilities
Independent auditor's	report
Statement offinancial	activities
Balance sheet
Statement ofcash flows		19
Notes to the financial	statements	20-39

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2021	2021	2021	2020	2020	2020
			Notes	E	E	E	E	E	E
Igg~mfrom:
Donations and legacies			3	17,469		17,469	3,341		3,341
Charitable activities			4	573,901	2,721	576,622	547,766	7,414	555,180
Other trading activities			5	1,721	10,598	12,319	2,048	7,365	9,413
Investments			6	34,263		34,263	24,673		24,673
Total income				627,354	13,319	640,673	577,828	14,779	592,607
gzy~ni~Jttu
Raising funds			7	3,659	15,235	18,894	3,210	260	3,470
Charitable activities			9	597,342	2,721	600,063	500,617	7,414	508,031
Total resources
expended				601,001	17,956	618,957	503,827	7,674	511,501
Net gains/(losses) investments		on		202,070		202,070	29,461		29,461
Net movement	in	funds		228,423	(4,637)	223,786	103,462	7,105	110,567
Fund balances at 1
January 2021				2,460,883	27,613	2,488,496	2,357,421	20,508	2,377,929
Fund balances	at	31
December 2021				2,689,306	22,976	2,712,282	2,460,883	27,613	2,488,496

				2021		2020
			Notes			6
Fixed assets
Intangible assets			14		13,700		18,949
Tangible assets			13		389,286		405,299
Investments			15		2,334,389		1,861,093
					2,737,375		2,285,341
Current assets
Stocks			17	49,075		48,480
Debtors			18	13,214		4,876
Cash at bank and in		hand		94,297		361,724
				156,586		415,080
Creditors: amounts		falling due within
one year				(94,992)		(124,351)
Net current assets					61,594		290,729
Total assets less current liabilities					2,798,969		2,576,070
Creditors: amounts		falling due after
more than one	year		20		(86,687)		(87,574)
Net assets					2,712,282		2,488,496
Income funds
Restricted funds			23		22,976		27,513
tLJtddi t d t	d
Designated funds			24	474,986		496,248
General unrestricted		funds		2,214,320		1,964,635
					2,689,306		2,460,883
					2,712,282		2,488,496

				2021		2020
			Notes	8
Cash flows from operating		activities
Cash (absorbed by)/generated		from	29
operations					(26,568)		665,634
Investing	activities
Purchase	oftangible fixed assets			(3,896)		(3,873)
Purchase	of investments			(676,619)		(756,143)
Proceeds	on disposal of investments			405,393		302,211
Investment	income received			34,263		24,673
Net cash	used in investing	activities			(240,859)		(433,132)
Net cash	used in financing	activities
Net (decrease)/increase in		cash and cash
equivalents					(267,427)		232,502
Cash and	cash equivalents at beginning		ofyear		361,724		129,222
Cash and	cash equivalents	at end ofyear			94,297		361,724

				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				6	f
Donations		and gifts		17,469	227
Legacies	receivable				3,114
				17,469	3,341
Donations		and gifts
Donations		and sponsorship		14,652	179
Pavillion	donations		and income	2,817	48
				17,469	227

				UnrestrictedUnrestricted	UnrestrictedUnrestricted
				funds	funds
				2021	2020
Subscriptions and life members			income	137,668	134,543
Journal sales and advertising				16,563	21,561
Other membership	income	incl	insurance	350	630
Registration and passports				270,851	250,969
Transfers and other registration			income	122,002	80,351
Promotional goods				6,218	4,189
Judging, medal and rosette		income		7,249	15,523
Grants				15,721	47,414
				576,622	555,180
Analysis by fund
Unrestricted funds				573,901	547,766
Restricted funds				2,721	7,414
				576,622	555,180

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
			F	E	E	F	E
Internet advertising
revenue						67		67
Young people's fund							4,925	4,925
Presidents	fundraising
and dinner				10,598	10,598		2,440	2,440
Solar panel		income	1,721		1,721	1,981		1,981
Other trading		activities	1,721	10,598	12,319	2,048	7,365	9,413

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		E	E
Income	from listed investments	32,726	23,185
Interest	receivable	1,537	1,488
		34,263	24,673

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2021	2021	2021	2020	2020	2020
					E	E		E
nr'in		and	ulii
Premium	awards			1,898		1,898	2,560		2,560
Donations		and bursaries		1,761	10,310	12,071	650		650
Young people's fund					4,925	4,925		260	260
Fundraising		and	publicity	3,659	15,235	18,894	3,210	260	3,470
				3,659	15,235	18,894	3,210	260	3,470

	MembershipRegistrationEducation	MembershipRegistrationEducation	&	Judging	&	Total	Total
		promotion		showing		2021	2020
		6			6	F.
Journal costs	23,853					23,853	18,321
Membership costs	25,389					25,389	20,146
Central prefix register
and stud books		14,449				14,456	5,771
DNA blood typing and microchips		39,943				39,943	35,253
Passport binding		637				637	340
Promotional goods and stock			12,134			12,134	9,639
Exhibition unit expenses			878			878	1,263
Publicity officers
expenses and
educational visits			17,592			17,592
Medals, rosettes and
engraving				2,731		2,731	2,488
Judges conferences							47
Judges and showing
handbook							1,089
	49,249	55,029	30,604	2,731		137,613	94,357
Share ofsupport costs
(see note 10)	65,696	182,781	40,078	112,216		400,771	369,924
Share ofgovernance
costs (see note 10)	9,870	28,372	6,168	17,269		61,679	43,750
	124,815	266,182	76,850	132,216		600,063	508,031
Analysis by fund
Unrestricted funds	122,094	266,182	76,850	132,216		597,342
Restricted funds	2,721					2,721
	124,815	266,182	76,850	132,216		600,063
Forthe year ended 31	December 2020
Unrestricted funds	98,662	230,233	52,270	119,452			500,617
Restricted funds	7,414						7,414
	106,076	230,233	52,270	119,452			508,031

Support costa	Support costa
			Support	Governance	2021	Support	Governance	2020
			costs	costs		costs	costs
			f	8
Staffcosts			200,733		200,733	194,855		194,855
Depreciation			25,157		25,157	27,172		27,172
Other staff costs			942		942	100		100
Postage and stationery			52,161		52,161	36,010		36,010
Computer	costs		21,954		21,954	26,083		26,083
Equipment	rental		13,659		13,659	3,910		3,910
Repairs, renewals		and
sundry			20,732		20,732	25,491		25,491
Rates and	utilities		8,031		8,031	10,000		10,000
Insurance			10,254		10,254	7,055		7,055
Travel and	subsistence		961		961	100		100
Telephone			21,334		21,334	19,662		19,662
Bank charges,
investment	and other
costs			24,853		24,853	19,486		19,486
Audit fees				11,000	11,000		11,000	11,000
Accountancy fees				1,295	1,295		2,515	2,515
Legal and	professional
fees				36,653	36,653		23,939	23,939
AGM expenses				10,647	10,647		3,996	3,996
Council expenses		and
training				2,084	2,084		2,300	2,300
			400,771	61,679	462,450	369,924	43,750	413,674
Analysed	between
Charitable	activities		400,771	61,679	462,450	369,924	43,750	413,674

The average	monthly number ofemployees during	the year was:
		2021	2020
		Number	Number
Office staff		10
Employment	costs	2021	2020
		E
Wages and salaries		184,237	178,800
Social security costs		9,934	10,265
Other pension costs		6,562	5,790
		200,733	194,855

Tangible fixed assets
		Freehold land	Leasehold	Plant and Motor vehicles		Total
		and bugdlngs	land and	equipment
			buildings
			6
Cost
At 1 January 2021		468,805	95,614	316,964	17,500	898,883
Additions				3,896		3,896
At 31 December 2021		468,805	95,614	320,860	17,500	902,779
Depreciation and Impairment
At 1 January 2021		97,772	75,373	309,748	10,691	493,584
Depreciation charged	in the year	10,029	2,609	5,909	1,362	19,909
At 31 December 2021		107,801	77,982	315,657	12,053	513,493
Carrying amount
At 31 December 2021		361,004	17,632	5,203	5,447	389,286
At 31 December 2020		371,033	20,241	7,216	6,809	405,299

Intangible fi	xed assets
		Software
		6
Cost
At 1 January	2021 and 31 December 2021	26,245
Amortisation	and impairment
At 1 January	2021	7,296
Amortisation	charged for the year	5,249
At 31 December 2021		12,545
Carrying amount
At 31 December 2021		13,700
At 31 December 2020		18,949

Fixed asset investments				(Continued)
	Listed	Cash in	Other	Total
	investments	portfolio	investments
Cost or valuation
At 1 January 2021	1,779,725	81,366		1,861,093
Additions	676,619			676,619
Valuation changes	202,070			202,070
Cash movement		(38,161)		(38,161)
Disposals	(367,232)			(367,232)
At 31 December 2021	2,291,182	43,205	2	2,334,389
Carrying amount
At 31 December 2021	2,291,182	43,205	2	2,334,389
At 31 December 2020	1,779,725	81,366	2	1,861,093

15	Fixed asset investments	Fixed asset investments				(Continued)
					2021	2020
	Other investments comprise:			Notes	8	f
	Investments in subsidiaries			28
16	Financial instruments				2021	2020
					8	8
	Carrying amount of	financial assets
	Instruments measured	at fair value through	profit or loss		2,291,182	1,779,725
17	Stocks
					2021f	2020 8
	Finished goods and goods for resale				49,075	48,480
18	Debtors
					2021	2020
	Amounts falling due	within one year:				8
	Other debtors				13,214	4,876
19	Creditors: amounts	falling due within one year
					2021	2020
				Notes		6
	Other taxation and social security				4,048	16,447
	Deferred income			21	24,126	25,588
	Trade creditors				41,982	42,101
	Accruals and deferred	income			24,836	40,215
					94,992	124,351
20	Creditors: amounts	falling due after more than one year
					2021	2020
				Notes	8	8
	Deferred income			21	86,687	87,574

					2021	2020
					6	8
Arising	from	membership	subscriptions	and
journal	sales				110,813	113,162

		2021	2020
		8
Balance brought	forward	113,162	118,358
Income received	in the year	158,688	157,203
Released to income		(161,037)	(162,399)
Balance carried	forward	110,813	113,162

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		Balance at	Transfem	Balance at	Resources	Transfers	Balance at
		1January 2020	1	January 2021	expended		31December
							2021
							8
Educational	bursary	2,000		2,000			2,000
ITdevelopment		20,000		20,000			20,000
Miss Thelma	Carter legacy	520,000	(520,000)
Legal costs		35,000	(5,000)	30,000			30,000
Capital expenditure		15,000		15,000			15,000
Training			5,000	5,000			5,000
Fixed asset	fund		424,248	424,248	(25,158)	3,896	402,986
		592,000	(95,752)	496,248	(25,158)	3,896	474,986

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	2021	2020
	5	6
Within one year	32,358	25,410
Between two and five years	104,996	55,424
In over five years	75,178	13,824
	212,532	94,658

28	Subsidiaries							(Continued)
	The company number for the trading	company				is02946610.
	The investment in the subsidiary is stated			at	cost.
29	Cash generated from operations						2021 6	2020f
	Surplus for the year						223,786	110,567
	Adjustments for:
	Investment income recognised in statement				offinancial activities		(34,263)	(24,673)
	Fair value gains and losses on investments						(202,070)	(29,461)
	Amortisation and impairment of intangible			assets			5,249	4,737
	Depreciation and impairment oftangible		fixed			assets	19,908	22,435
	Movements in working capital:
	(Increase)/decrease in stocks						(595)	8,204
	(Increase)/decrease in debtors						(8,338)	540,560
	(Decrease)/increase in creditors						(27,896)	38,461
	(Decrease) in deferred income						(2,349)	(5,196)
	Cash (absorbed by)/generated from operations						(26,568)	665,634
30	Analysis ofchanges in net funds