OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Reference and administrative Reference and administrative details ofthe Company, its Trustees and advisers 1-2
Trustees' report 3-14
Independent
auditors'		 report on the financial statements 15-19
Statement offinancial activities 20
Balance sheet 21
Statement ofcash flows
Notes to the financial statements 23-44

As restated
Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
Note R F
INCOME FROM:
Donations
and legacies		 39,154 12,753 51,907 89,5?5
Charitable
activities		 501,382 4,016 505,398 605,490
Other trading
activities		 34,748 34,748 495,646
Investments 44,714 44,714 41,721
Other income 27,644 27,644 33,597
TOTAL INCOME 647,642 16,769 664,411 1,266,029
EXPENDITURE ON:
Charitable
activities		 T17,?83 16,730 734,513 1,278,452
TOTAL EXPENDITURE ?17,783 16,?30 734,513 1,278,452
NET (EXPENDITURE)/INCOME
BEFORE NET (LOSSES)/GAINS ON
INVESTMENTS (TD,141) 39 (70,102) (12,423)
Net (losses)/gains
on investments		 (4,166) (4,166) 120,793
NET MOVEMENT
IN FUNDS		 (74,307) 39 (74~8) 108,370
RECONCIUATION
OF FUNDS:
Total funds brought~		 1,?T1,09T 18,606 1,789,703 1,681,333
Net movement
in funds		 (74,307) 39 (74+68) 108,370
TOTAL FUNDS CARRIED FORWARD 1,696,790 18,645 1,715,435 1,?89,?03

As restated
2020 2019
Note F.
FIXEDASSETS
Tangible assets 14 180,853 187,261
Investments 16 879,378 905,506
Investment
property		 15 350,000 350,000
1,410,231 1,442,767
CURRENT ASSETS
Stocks 17 3,14? 3,271
Debtors 18 87,01? 115,548
Cash at bank and in hand 602,679 473,411
692,843 592,230
Creditors: amounts falling due within one
year 19 (337,639) (245,294)
NET CURRENT ASSETS 355,204 346,936
TOTAL ASSETS LESSCURRENT
LIABIUTIES 1,765,435 1,789,703
Creditors: amounts falling due after more
than one year (50,000)
NETASSETS EXCLUDING PENSION
ASSET 1,715,435 1,789,703
TOTAL NET ASSETS 1,715,435 1,789,703
CHARITY FUNDS
Restricted funds 23 18,645 18,606
Unrestricted
funds		 23 1)696,790 1,771,097
TOTAL FUNDS 1,715,435 1,789,703

As restated
2020f 2019f
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating
activities		 101,038 98,645
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends,
interests and rents from		 investments (44,714) {41,271)
Purchase of tangible fixed assets (3,185) (12,426)
Proceeds from sale ofinvestments 77,182 19,413
Purchase of investments (55/19) (13,901)
Revaluation
ofinvestments		 4,166 (120,793)
NET CASH USED IN INVESTING ACTIVITIES (21,770) (168,978)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash infiows from new borrowing 50,000
NET CASH PROVIDED BYFINANCING
ACTIVITIES
CHANGE
IN CASH AND CASH EQUIVALENTS		 IN THE YEAR 129,268 {70,333)
Cash and cash equivalents
at the beginning
ofthe year		 473,411 543,744
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 602,679 473,411
The notes on pages 23to 44 form part ofthese financial statements

As restated
Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
Donations 39,154 39,154 40,902
Grants 48,673
Government grants 12,753 12,?53
39,154 12,753 51,907 89,575
TOTAL 2019AS RESTATED 40,902 48,673 89,575

As restated
Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
K
Ram Sales 9,356 9,356 127,240
Sheep Farmer Advertising 101,217 101,21? 97,110
Other Charitable Income 40,023 4,016 44,039 17,542
Sustainable Control ofParasites in Sheep 3,425 3,425
Membership Services 347,361 34?,361 363,598
501,382 4,016 505,39& 605,490
TOTAL 2019AS RESTATED 605,490 605,490

Unrestricted Total Total
funds funds funds
2020f 2020
K		 2019
Fundraising events 34,748 34,748 495,646
TOTAL 2019 495,646 495,646

Unrestricted Total Total
funds funds funds
2020 2020f 2019
Rental income 20,515 20,515 19,936
investment
income		 23,776 23,776 20,609
Interest receivable 423 423 1,176
44,714 44,714 41,721
TOTAL 2019 41,721 41,?21

As restated
Unrestricted Total Total
funds funds funds
2020 2020 2019
R E
Other income 5,446 5,446 15,310
Promotional items 433 433 367
P &0Transport 21,765 21,765 17,920
27,644 27,644 33,597
TOTAL 2019AS RESTATED 33,597 33,597

Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
E E E
Breeding improvement Other Costs 25,330 25,330 98,313
Membership Services and Enquiries 89,485 89,485 96,552
Education and Promotion Other Costs 480,153 16,730 496,883 598,314
Fundraising Costs 122,815 122,815 485,273
717,783 16,730 734,513 1,278,452
TOTAL 2019 1,200,206 78,246 1,278,452

Actlvltl8S
undertaken Support Total Total
directly costs funds funds
2020 2020 2020 2019
E E E E
Breeding Improvement Other Costs 25,330 25,330 98,313
Membership Services and Enquiries 4,249 85,236 89,485 96,552
Education and Promotion Other Costs 177,650 319,233 496,883 598,314
Fundraising Costs 27,551 95,264 122,815 485,273
234,780 499,733 734,513 1,278,452
TOTAL 2 01 9 699,2S2 579,170 1,278,452

INembers hip Education
Breeding Services and
Improvement
OtherCosts		 and
Enquiries		 Promotion
Other Costs		 Fundraising
Costs		 Total
funds		 Total
funds
2020 2020 2020 2020 2020 2019
R f.
SCOPS 2,217 2+17 1,680
iSage
Sheep Farmer costs		 2,028
72,262		 2,028
7~2		 3,977
63,023
Design and Printing 15,751 15,?51 11,247
Next Generation
Ambassadors 3,997 3,997 14,104
Branding and
Merchandise 2,859 2,859
Moredun
Initiative		 10,000 10,000 10,000
DBEISGrant
Expenditure 10,066 10,066 12,863
Regional
Secretaries &
Officers fees 55,018 55,018 62,230
Membership
Promotion 4,249 4+A9 1,387
Ram sale expenses 864 864 109,524
Storage ofSemen
P &0Expenditure		 7,128
17,338		 7,128
1?,338		 8,217
14,710
Room Hire &
Refreshments 26,945
Ram Longevity 7,264
Subscriptions for
other bodies 3,092 3,092 3,821
Awards and
Donations 360 5,928
Costs ofgenerating
funds 27,551 27,551 342,362
25,330 4,249 177,650 27,551 234,780 699,282
TOTAL 2019 98,313 232,686 342,362 699,282

Membership Education
Services and
and Promotion Fundraising Total Total
Enquiries Other Costs Costs funds funds
2020 2020
E		 2020 2020f 2019
Staff costs 65,459 187,733 73,161 326,353 315,374
Depreciation 1,654 6,222 1,848 9,724 9,796
Printng,
Photocopying,
8 Stationery		 Postage 2,058 2,299 12,103 27,579
General oflice expenses 1,053 2,776 1,177 5,006 8,988
Telephone,
Computer
Website		 8 4,698 17,688 5,251 27,637 26,339
Travelling expenses 8
Subsistences		 3,359 13,474 3,755 20,588 45,311
Rates, Utilities 8 Insurance 3,147 3,517 18,511 20,803
Property Repairs 367 1,380 410 2,15? 25,730
Legal 8 Professional 288 1,083 321 1,692 12,497
Accountancy 2,107 7,933 2,355 12,395 8,098
Bank Charges 445 1,677 498 2,620 3,832
Bad Debts 601 2,263 672 3,536 169
Governance
—Audit Fees		 10,075 101075 6,500
Governance - Salaries 46,207 46,20? 68,154
Board and AGM Meeting Costs 1,129 1129
85,236 319,233 95,264 499,?33 579,170
TOTAL 2019 96,552 339,707 142,911 579,170

AUDITORS' REMUNERATION
2020f 2019
P
Fees payable to the Company's auditor for the audit ofthe Company's
annual accounts 10,075 6,500

2020
Wages and salaries 281,210 267,589
Social security costs 17,397 25,292
Contribution to defined oontribution pension schemes 27,'746 22,493
Wages and salaries included within governance 46,207 68,154
372,560 383,528
2020 2019
No. No.
Employees 13
The charity paid regional secretaries on an honorarium and subcontractor basis:
2020 2019
No. No.
Regional Secretaries and Officers 11
Ram Sales Secretaries and Officers 5
Regional Event Managers 6
10 22
2020 2019
K
Regional Secretaries
Ram Sales Managers
Regional Events Managers		 30,945
25,500
9,000		 33,077
28,600
35,000
The number
of employees
E60,000was:		 whose employee benefits (exduding employer pension
costs)		 exceeded
2020 2019
No. No.
In the band f70,001-f80,000

Freehold Motor Fixtures and
property vehicles
f.		 fittings Totalf
COST OR VALUATION
At 1January 2020 247,517 9,430 105,484 362,431
Addmons 3,185 3,185
At 31 December 2020 2471517 9,430 108,669 365,616
DEPRECIATION
At 1January 2020 85,803 9,151 80+16 175,170
Charge for the year 3,421 70 6,102 9,593
At 31December 2020 89,224 9+21 86,318 184,763
NET BOOK VALUE
At 31December 2020 158,293 209 22,351 180,853
At 31December 2019 161,714 279 25,268 187,261

Listed Unlisted
investments investments Total
E K K
COST OR VALUATION
At 1 January 2020 635,489 270,018 905,507
Additions 55,219 55+19
Disposals (57,182) (20,000) P7,182)
Revaluations (20,358) 16,192 (4,166)
AT 31 DECEMBER 2020 613,168 266,210 8'7$,378
NET BOOK VALUE
AT 31 DECEMBER 2020 613,168 266,210 879,378
AT 31 DECEMBER 2019 635,489 270,018 905,507
STOCKS
2020 2019
K
Finished goods and goods for resale 3,147 3,271

DEBTORS
2020 2019
DUE WITHIN ONE YEAR
Trade debtors 47,448 54,061
Other debtors 20,375 17,943
Prepayments and accrued income 15,862 31,830
Gift Aid recoverable 3332 11,714
87,017 115,548
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2020 2019
Trade creditors 64,596 63,404
Other taxation and social security 7&414
Other creditors 26,807 17,061
Accruals and deferred income 238,822 164,829
337,639 245,294
CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR
2020 2019
F
Bank loans
lnduded
within the above		 are amounts falling due as follows:
BETWEEN TWO AND FIVEYEARS
Bank loans 30,000
OVER FIVEYEARS
Bank loans

2020 2019
E
FINANCIAL ASSETS
Financial assets measured at fair value through income and expenditure 602,679 473,411

STATEMENT OF F UNDS «CURRENT YEAR
Balance at 1 Balance at
January Transfers Gainsl 31December
2020 Income Expenditure infout (Losses) 2020
R
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
Central Region 23,578 (2+55) (1,800) 19&523
Cymru Region 230,189 13778 (11,352) (1,800) 8,662 239,478
Eastern Region 33,091 12,644 (8,885) (1,800) 35,050
Marches Region 14,840 (3,365) (1,050) 10,425
Northern
Region		 83,680 (7,847) (1,800) 74,095
Northern
Ireland
Region 46,256 279 (9,366) 4,200 41,369
Scottish Region 19,250 2,817 (19,784) (1,800) 483
South East Region 321 1,437 (1,758)
South West Region 23,911 37 (5,926) (1,800) 16,222
South West Ram
Sales 76,307 2,737 (2,238) (1,800) (659) 74,347
Wales 8 Border
Ram Sales 182,756 13,205 (32,096) (500) 7,530 170,895
734,179 46,997 (104,872) (8,950) 15,533 681,887
Balance at
Balance at 1 31
January Transfers Gainsl December
2020 Income Expenditure in/out (Losses) 2020
E E E E E E
GENERAL FUNDS
General Funds 1,036,918 600,645 (612,S11) 9,950 {19,899) 1,014,903
TOTAL
UNRESTRICTED
FUNDS 1,771,097 647,642 (717,783) (4,166) 1,698,790
Balance at
Balance at 1 31
January Transfers Gainsl December
2020 Income Expenditure in/out {Losses) 2020
E E E E E E
RESTRICTED
FUNDS
British Heritage
Sheep 8,825 1,000 (1,S49) 7,876
Echlnococcus
Parasite in Farm
Dogs 899 899
Lameness Study 1/19 1+19
DBEIS 7,663 7,663
ISage 3,018 (2,028) S88
Job Retention
Scheme Grants 12,753 (12,753)
18,606 16,769 (16,730) 18,845
TOTAL OF FUNDS 1,789,703 684,411 (734,513) (4,166) 1,715,435

Balance as Balance as
restated at restated at
1 January As restated As restated Transfers Gainsl 31December
2019 Income Expenditure in/out (Losses) 2019
E F E
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
Central Region 23.298 12,8Q8 (10,728) (1,800) 23,578
Cymru
Region		 148,740 120+71 (58,407) (1,800) 21,385 230,189
Eastern Region 28,380 11,482 (4,971) (1,800) 33,091
Marches Region 19,669 275 (3,304) (1,800) 14,840
Northern
Region		 54,Q01 140,642 (109,163) (1,800) 83,680
Northern
Ireland
Region 38,426 33.262 (29,382) 3,950 46,256
Scottish Region 31,360 101,181 (113,491) 200 19,250
South East Region 5,327 5,586 (8,792) (1,800) 321
South West Region 5,949 76,145 (56,883) (1,300) 23,911
South West Ram
Sales 62,877 10,431 (3,584) (500) 7,083 76,307
Wales 8 Border
Ram Sales 160,83Q 151,492 (148,140) {1,000) 19,574 182,756
578,85? 663,575 (546,845) (9,450) 48,042 734,179
Balance as
Balance as restated at
restated at 31
1January As restated As restated Transfers Gainsl December
2019 Income Expenditure in/out (Losses) 2019
R
GENERAL FUNDS
General Funds - all
funds 1,031,159 539,071 (625,?88) 19,725 72,751 1,036,918
TOTAL
UNRESTRICTED
FUNDS 1,610,016 1,202,646 (1,172,633) 10,275 120,793 1,771,097

Balance as
Balance as restated at
restated at 31
1January As restated As restated Transfers Gains/ December
2019 Income Expenditure in/out (Losses) 2019
RESTRICTED
FUNDS
British Heritage
Sheep 13,796 2,293 (7,264) 8,825
Echlnococcus
Parasite in Farm
Dogs 1,174 (275) 899
Lameness Study 1,432 (213) 1,219
DBEIS 27,700 (20,037) 7,663
Welsh Commons
Forum 10,275 (10,275)
ISage 47,246 16,074 (63,320)
71,317 48,673 (91,109) (10,275) 18,606
TOTALOF
FUNDS 1,681,333 1,251,319 (1,263,742) 120,793 1,789,703

SUMMARY OF FUNDS - CURREN T YEAR
Balance as Balance at
restated at 1 31
January Transfers Gains/ December
2020 Income Expenditure in/out (Losses) 2020
R E
Designated
funds 734,179 46,997 (104,872) (9450) 15,533 681,887
General funds 1,036,918 600,645 (612,911) 9950 (19699) 1014903
Restricted funds 18,606 16,769 (16,730) 18,645
1,789,703 664,411 (734,513) (4,166) 1,715,435

SUMMARY OF F UNDS - PRIOR YEAR
Balance as Balance at
restated at 31
1 January As restated As restated Transfers Gainsl December
2019 Income Expenditure in/out (Losses) 2019
f. E E'
Designated
funds 578,857 663,575 (546,845) (9,450) 48,042 734,179
General funds 1,031,159 539,071 (625,7S8) 19,725 72,751 1,036,918
Restricted funds 71,317 48,673 (91,109) (10,275) 1S,606
1,6S1,333 1,251,319 (1,263,742) 120,793 1,789,703

ANALYSIS OF NET ASSETSBETWEEN FUND S - CURRENT PERIOD
Unrestricted Restricted Total
funds funds funds
2020f 2020
E		 2020
Tangible fixed assets 180,853 180,853
Fixed asset investments 879,378 879,378
Investment
property		 350,000 350,000
Current assets 653,463 39,380 692,843
Creditors due within one year (316,904) (20,735) (337,639)
Creditors due in more than one year (50,000) (50,000)
TOTAL 1,696,790 18,645 1,715,435

Unrestricted Restricted Total
funds funds funds
2019 2019 2019
E E
Tangible fixed assets 187,261 187,261
Fixed asset investments 905,506 905,506
Investment
property		 350,000 350,000
Current assets 558,355 33,875 592,230
Creditors due within one year (230,025) (15,269) (245,294)
TOTAL 1,771,097 18,606 1,789,703

As restated
2020 2019
E
Net
incomelexpenditure
for the		 period (as per Statement of Financial
Activities) (74,268) 108,370
AluUSTMENTS FOR:
Depreciation
charges		 9,593 9,796
Dividends,
interests and rents from		 investments 44,714 41,271
Decreasel(increase)
in stocks		 124 (1,313)
Decreasel(increase)
in debtors		 28,531 (10,541)
lncreasel(decrease)
in creditors		 92,344 (48,938)
NET CASH PROVIDED BYOPERATING ACTIVITIES 101,038 98,645
ANALYSIS OF CASH AND CASH EQUIVALENTS
2020 2019
Cash in hand 602,679 473,411
TOTAL CASH AND CASH EQUIVALENTS 602,679 473,411

At 1 At 31
January December
2020 Cash flows 2020
Cash at bank and in hand 473,411 129,268 602,679
Debt due alter 1 year (50,000) (50,000)
473,411 79,268 552,679

non~ncell able
operating leases as follows:
2020 2019
Not later than 1 year 6,399 14,708
Later than 1 year and not later than 5years 1,116 7,406
Later than 5years 1,209
7,515 23,323