# # ## |||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| ## ## ## |10|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| ## ## ## |13|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| ## ## ||||Ne
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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| ## ## |||||g
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a|| ## ## ## ||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||||||||