2020-12-31-accounts - The Bluefaced Leicester Sheep Breeders' Association

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				Page
Trustees' annual report
Independent auditor's	report to	the members
Statement of financial	activities
Statement offinancial	position			10
Statement ofcash flows
Notes to the financial	statements			12
The following pages	do not form part ofthe financial statements
Detailed statement of financial		activities		20
Notes to the detailed	statement	offinancial	activities	21

Reference a	nd adm	inistrative	details	details
Registered	charity	name	The Bluefaced Leicester Sheep Breeders Association
Charity registration		number	252714
Principal office			Riverside View
			Warwick Road
			Carlisle
			Cumbria
			CA1 2BS
The trustees
			Mr D R Raine
			Mr W R C Lamont
			Mr M Roberts
			Mrs K Smith
			Mr A Bissett
			Mr J German
			Mr M Ridley
Auditor			Lamont Pridmore
			Chartered accountants 3statutory	auditor
			Arkle House
			31 Lonsdale Street
			Carlisle
			Cumbria
			CA1 1BJ

	Year ended	31 Decemb	er 2020	er 2020
			2020		2019
			Unrestricted
			funds	Total funds	Total funds
		Note		6	8
Income and endowments
Donations and legacies		4	829	829	1,146
Other trading activities		5	207,270	207,270	188,505
Investment income		6	3,334	3,334	3,238
Total income			211,433	211,433	192,889
Expenditure
Expenditure on charitable	activities	7,8	167,612	167,612	212,794
Total expenditure			167,612	167,612	212,794
Net income/(expenditure)	and net movement	in funds	43,821	43,821	(19,905)
Reconciliation offunds
Total funds brought forward			294,737	294,737	314,642
Total funds carried forward			338,558	338,568	294,737

			2020	2019
				6
Cash flows from operating	activities
Net income/(expenditure)			43,821	(19,905)
Adjustments for:
Depreciation oftangible fixed assets			1,263	1,560
Other interest receivable and similar income Interest payable and similar charges			(3,334) 566	(3,238) 341
Changesin:
Trade and other debtors			(862)	1,266
Trade and other creditors			(14,067)	3,710
Cash generated from operations			27,387	(16,226)
Interest paid			(566)	(341)
Interest received			3,334	3,238
Net cash from/(used in) operating activities			30,155	(13,329)
Net Increase/(decrease) in Cash and cash equivalents	cash and cash at beginning	equivalents ofyear	30,155 314,004	(13,329) 327,333
Cash and cash equivalents	at end ofyear		344,159	314,004

7.	Expenditure		on charita	ble	activi	ties	by	fund type	fund type
								Unrestricted		Total Funds		Unrestricted	Total Funds
									Funds		2020	Funds	2019
											6
	Charitable	activity direct		costs					86,825		86,825	131,315	131,315
	Support costs								80,787		80,787	81,479	81,479
									167,612		167,612	212,794	212,794
8.	Expenditure		on charitable		activities		by	activity type
									Activities
								undertaken			Support	Total funds	Total fund
									directly		costs	2020	2019
									F		6	5	E
	Charitable	activity direct		costs					86,625		32,975	118,800	166,677
	Governance		costs								47,812	47,812	46,117
									86,825		80,787	167,612	212,794
9.	Net Income/(expenditure)
	Net income/(expenditure)			is stated		after charging/(crediting);
												2020	2019
												5	f
	Depreciation		oftangible	fixed assets								1,263	1,580
10.	Auditors remuneration
												2020	2019
	Fees payable		for the audit of the financial					statements				2,265	2,200
11.	Staff costs
	The total staff		costs and	employee		benefits for the reporting					period are	analysed as	follows:
												2020	2019
												6
	Wages and	salaries										38,359	36,832
	The average		head count	of	employees		during		the year	was	2 (2019:2).

At	1	January			At	31	December
		2020 f	Cash	flows E			2020 f
		314,004		30,155			344,159

		Year ended 31 Decemb	er 2020
			2020	2019
			6	8
Income and endowments
Donations and legacies
Donations			829	1,146
Other trading activities
Sponsorship receipts and sundries Subscriptions Sale entry fees Registration fees			5,787 33,750 1,781 163,357	8,517 33,873 2,314 141,187
Gift aid repayment			2,595	2,614
			207,270	188,505
Investment income
Bank and building society interest			3,334	3,238
Total income			211,433	192,889
Expenditure
Expenditure on charitable		activities
Purchases Wages and salaries			45,334 38,359	49,901 36,832
Rent Rates and water			10,620 147	11,700 147
Repairs and maintenance			2,067	995
Insurance Other establishment Other motor/travel costs Legal and professional fees Telephone			3,010 6,249 862 6,688 10,020	2,786 5,048 4,461 7,363 10,226
Other office costs			20,457	23,711
Depreciation Other interest payable and similar charges			1,264 566	1,580 341
Donations, sponsorship Breed development and Sales costs	and sundries promotion		3,983 14,254 3,732	5,718 40,030 11,957
			167,612	212,794
Total expenditure			167,612	212,794
Net income/(expenditure)			43,821	(19,905)

					2020	2019
					E	E
Expenditure on charitable activities
Activity type 1
Activities	undertaken directly
Purchases	(as adjusted for stock)				45,334	49,901
Printing, stationery and advertising					20,457	23,711
Donations,	sponsorship &sundry	expenses			3,048	5,716
Breed development and promotion					14,254	40,030
Sales costs					3,732	11,957
					86,825	131,315
Support costs
Rent					10,620	11,700
Rates 8 water					147	147
Repairs &	maintenance				2,067	995
Insurance					3,010	2,786
Computer	and website expenses				6,249	5,048
Motor and	travel costs				862	4,461
Postage and telephone					10,020	10,226
					32,975	35,363
Governance costs
Governance	costs - wages/salaries				38,359	36,832
Governance	costs - accountancy	fees			2,500	2,430
Governance	costs - audit fees				2,265	2,200
Governance	costs - legal and other professional			fees	1,923
Governance	costs - costs oftrustees'		meetings		935	2,733
Governance	costs - depreciation				1,264	1,580
Governance	costs - other finance	costs			566	341
					47,812	46,116
Expenditure on charitable activities					167,612	212,794