##
|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|