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2020-12-31-accounts

Legal and Administrative Information I
Report ofthe Council of Management 2
Report ofthe Auditors
Statement of Financial Activities
Balance Sheet 10
Notes to the Financial Statements
Profit and Loss Account

The Members ofC ouncil during the year under review were :
Mr PJ Holdstock President
Mr R Dunn Deputy President
Mr DA Wells Past President
Mr W Peters Chairman Elected 2018 retires 2022
Ms J Howard Vice Chairman Co-opted 2019retires 2023
Miss S Dykes Retired 2020
Mr E Harmer Co-opted 2020-24
Mr J Harmer Elected 2017retires 2021
Mr J Hickman Co-opted 2020-24
Mr MG Hickman Co-opted 2018retires 2022
Mrs 8 Hide Co-opted 2018 retires 2022
Mr A Hoad Retired 2020
Mr W Hurley Co-opted 2020-24
Mr D Masters Co-opted 2019retires 2023
Mr D Stevens Co-opted 2018 retires 2022
Mr SWright Elected 2017retires 2021
Secretary: Miss SG Kennedy
Registered
Office:		 Station Road, Robertsbridge, East Sussex
Bankers: National
Westminster		 Bank, 16 High Street, Battle, East Sussex
Auditors: McCabe Ford Williams, Statutory Auditors &Chartered Accountants,
Bank Chambers,
61 High Street, Cranbrook,		 Kent
Solicitors: Linklaters
& Paines, Barrington		 House, 59-67 Gresham Street, London

Beefbreeders' Contingency Life Total Total
General Support Promotion Members' Funds Funds
Note Fund Fund Fund Fund 2019 2018
Income and Endowments from:
Subscriptions
and Donations		 14,049 14,049 13,171
Other Income 3 39,435 39,435 39,878
Investment
Income		 5,594 5,594 5,557
Total Income and Endowments 59,078 59.078 58,606
Expenditure
on:
Char itable Expenditure 4 29,264 1,580 30,844 36,998
Management
&Administration
ofthe Charity 5 12,430 12,430 15,234
Total Expenditure 41,694 1,580 43,274 52,232
Net income/expenditure
before gains on investments 17,384 (1,580) 15,804 6,374
Net gains/(losses)
on investments
Reahsed
(Loss) on Investment		 Asset
Unreabsed
Gain/(Losses)
on
Investment
Assets		 9,516 9,516 19,563
Net income/expenditure 26,900 (1,580) 25,320 25,937
Transfers between
funds
Transfer to Beefbreeder Support
Fund
Net Movement
in Funds		 26,900 (1,580) 25,320 25,937
Reconciliation
offunds
Total funds brought
forward		 204,730 7,267 4,500 3,917 220,414 194,477
Total funds carried forward 231,630 5,687 4,500 3,917 245,734 220,414
31.12.20 31.12.19
Note
Fixed Assets:
Tangible assets 13,347 14,115
Investments 187,279 177,763
200,626 191,878
Current Assets:
Stocks 9 588 595
Debtors 10 11,306 7,929
Cash at bank and in hand 37,764 24,762
49,658 33,286
Creditors: Amounts falling
due within one year I I 4,550 4,750
Net Current Assets 45,108 28,536
Total Assets Less Current
Liabilities: 245,734 220,414
Funds:
Beefbreeders' Support Fund 5,687 7,267
Contingency promotion fund 4,500 4,500
Life members' fund 3,917 3,917
General
fund		 231,630 204,730
245,734 220,414

Other Income
31.12.20 31.12.19
Herd book entries 6,094 3,689
Prefixes 130 70
Herd Book &sundry sales 92 (834)
Transfer fees 5,468 3,982
Herd capitation 27,109 30,131
Show and sales commissions 477
Export certificates and sales levy
Semen project 300 400
Gift Aid 1,957
Herd competition 242 6
39,435 39,878
Charitable
Expenditure
31.12.20 31.12.19
General
Fund
Salaries 21,091 20,426
Travelling
expenses		 120
Promotions
and		 publicity 4,807 11,020
Herd Book printing 843 845
Semen project 1,755 1,707
Depreciation 768 839
Loss on disposal
29,264 34,957
Beefbreeders' Support Fund
Signet Subsidy 1,580 2,041
1,580 2,041
Total 30,844 36,998

31.12.20 31.12.19
Salaries 2,343 2,269
Office costs 2,699 2,824
General office costs 5,588 8,391
Audit and accountancy 1,800 1,750
Bad debts
12,430 15,234

The income The income and surplus are attributable to the charitable activities ofthe company after
charging:
31.12.20 31.12.19
Depreciation - owned assets 768 839
Loss on disposal
Auditor's remuneration 1,825 1,750

Tangible Fixed Assets
Freehold
Totals Property Equipment Medals
Cost:
At
I January 2020		 28,961 9,977 18,784 200
Additions
Disposals
At 31 December 2020 28,961 9,977 18,784 200
Depreciation:
At
I January 2020		 14,846 14,846
Charge for year 768 768
Eliminated
on disposal
At 31 December 2020 15,614 15,614
Net BookValues
31 December 2020 13,347 9,977 3,170 200
31 December 2019 14,115 9,977 3,938 200

Cost or Valuation:
At
I January 2020		 177,763
Addiiions
Disposal s
Surplus
on revaluation		 9,516
Loss on disposal
At 31 December 2020 187,279
Net BookValue:
31 December 2020 187,279
31 December 2019 177,763
31.12.20 31.12.19
Market value of Investments listed
on recognised
stock exchange		 187,279 177,763

31.12.20 31.12.19
Stock of promotional items 588 595

within one year
31.12.20 31.12.19
Prepayments 1,708 2,251
Trade debtors 9,598 5,678
11,306 7,929

Credit ors: Amounts
falling		 due
within one year
31.12.20 31.12.19
Trade creditors 4,549 4,750
4,549 4,750
12. Employee Costs 31.12.20 31.12.19
Salaries and wages 22,752 22,086
National insurance
Pension 682 609
23,434 22,695

31.12.20 31.12.19
Income:
Subsciiptions
and		 donations 14,049 13,171
Herd book entries 6,094 3,689
Prefixes 130 70
Herd book & sundry sales 92 (834)
Transfer fees 5,468 3,982
Herd capitation 27,109 30,131
Shows &sales commissions 477
Export certificates and sales levy
Special promotion
Semen project 300 400
Gift Aid 1,957
Herd competition account 242 6
53,484 53,049
Other Income:
Investment
income		 5,545 5,475
Deposit account interest 49 82
5,594 5,557
59,078 58,606
Expenditure:
Salaries 22,752 22,086
Pension 682 609
Travelling
expenses		 120
Office costs 2,699 2,824
General office costs 5,588 8,391
Audit and accountancy 1,800 1,750
Bad debts
Promotions
& publicity		 4,807 11,020
Herd Book printing 843 845
Semen project 1,755 1,707
Signet subsidy 1,580 2,041
42,506 51,393
16,572 7,213
Depreciation:
Equipment 768 839
Loss on disposal
768 839
Net Profit/(Loss) 15,804 6,374