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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|
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|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||
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||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|
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|||||Note|f|2020||2019
6|
|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||
|Tangible
fixed assets||||13|||5,579|6,842|
|Current assets|||||||||
|Stocks||||14|860|||850|
|Debtors||||16|2,885|||2,023|
|Cash at bank and|in|hand|||344,159|||314,004|
||||||347,894|||316,877|
|Creditors: amounts||falling|due within one year|16|14,915|||28,982|
|Net current assets|||||||332,979|287,895|
|Total assets less|current||liabilities||||338,558|294,737|
|Funds ofthe charity|||||||||
|Unrestricted
funds|||||||338,558|294,737|
|Total charity funds||||17|||338,558|294,737|
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||||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|
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|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).|||
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||||||||Fixtures and|||
|---|---|---|---|---|---|---|---|---|---|
||||||||fittings
f|Equipmentf|Total
f|
||Cost|||||||||
||At 1 January||2020|and|31 December|2020|7,164|7,749|14,913|
||Depreciation|||||||||
||At 1 January|2020|||||5,216|2,855|8,071|
||Charge for the||year||||967|296|1,263|
||At 31 December 2020||||||6,183|3,151|9,334|
||Carrying
amount|||||||||
||At 31 December 2020||||||981|4,598|5,579|
||At 31 December 2019||||||1,948|4,894|6,842|
|14.|Stocks|||||||||
|||||||||2020
f|2019
f|
||Raw materials||and|consumables||||850|850|
|15.|Debtors|||||||||
|||||||||2020|2019|
||||||||||f|
||Trade debtors|||||||2,885|2,023|
|16.|Creditors: amounts|||falling due within||one year||||
|||||||||2020
f|2019
f|
||Other creditors|||||||14,915|28,982|
|17.|Analysis
ofcharitable||||funds|||||
||Unrestricted|funds||||||||
|Unrestri|cted
funds|||||||
|---|---|---|---|---|---|---|---|
|||At|1 January|||At|31 December|
||||2020|Income
f.|Expenditure
f.||2020
f|
|General|funds||294,737|211,433|(167,612)||338,558|
|||At|1 January|||At|31 December|
||||2019f|Income
f|Expenditure
f||2019
f|
|General|funds||314,642|192,889|(212,794)||294,737|
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|At|1|January|||At|31|December|
|---|---|---|---|---|---|---|---|
|||2020
f|Cash|flows
E|||2020
f|
|||314,004||30,155|||344,159|
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|||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)|
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||||||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|