| Page | |||
|---|---|---|---|
| Report o f the Trustees | 1 | to | 5 |
| Report o f the Independent Auditors | 6 | to | 8 |
| Statement o f Financial Activities | 9 | ||
| Balance Sheet | 10 | ||
| Notes to the Financial Statements | 11 | to | 18 |
| Detailed Statement o f Financial Activities | 19 | to | 21 |
| 31.8.21 | 31.8.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 31,345 | 31,345 | 27,951 | |||
| Charitable activities | ||||||
| Registration & Inspection Fees | 42,845 | 42,845 | 41,126 | |||
| Breed Promotion | 7,223 | 7,223 | 3,040 | |||
| Expense Recharged | 157 | 157 | 74 | |||
| AGM | 7,802 | |||||
| Discretionary Grant | 10,000 | |||||
| Sheep Fair & Competition | 2,967 | 2,967 | 621 | |||
| Other trading activities | 2 | 1,823 | 1,823 | 1,400 | ||
| Investment income | 3 | 200 | 200 | 794 | ||
| t h e r income | 1,452 | |||||
| otal | 86,560 | 86,560 | 94,260 | |||
| EXPENDITURE ON | ||||||
| aising funds Charitable activities |
2,000 | 2,000 | 575 | |||
| Breed Promotion | 11,276 | 11,276 | 8,221 | |||
| Flock Book | 3,863 | 3,863 | 3,591 | |||
| AGM | − | 100 | 100 | 8,784 | ||
| Office | 48,963 | 48,963 | 44,990 | |||
| Governance & Finance | 2,252 | 2,252 | 2,238 | |||
| Sheep Fair & Competition | 7,916 | 7,916 | 1,849 | |||
| otal | 76,270 | 100 | 76,370 | 70,248 | ||
| e t gains/(losses) on investments | 690 | 690 | (493) | |||
| NET INCOME/(EXPENDITURE) | 10,980 | (100) | 10,880 | 23,519 | ||
| CONCILIATION | OF FUNDS | |||||
| otal funds brought |
forward | 106,313 | 1,200 | 107,513 | 83,994 | |
| TOTAL FUNDS CARRIED FORWARD | 117,293 | 1,100 | 118,393 | 107,513 |
| 31.8.21 | 31.8.20 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| funds | fund • | funds | funds | ||||||
| Notes | £ | f. | £ | ||||||
| FIXED ASSETS | |||||||||
| Tangible assets − |
8 | 2,446 | 2,446 | 3,550 | |||||
| Investments . |
9 | 2,902 | 2,902 | 2,212 | |||||
| 5,348 | 5,348 | 5,762 | |||||||
| CURRENT 'ASSETS'• ' | |||||||||
| Stocks • |
10 | 5,324 | 5,324 | 5,498 | |||||
| Debtors | 11 | 5,451 | 5,451 | 6,296 | |||||
| Cash at bank and | in | hand | '108,615 | 1,1.00 | 109,715 | 96,850 | |||
| 119,390 | 1,100 | 120,490 | 108,644 | ||||||
| CH | |||||||||
| Amounts falling due within one year | 12 | (7,445) | |||||||
| NET CURRE!..TASSETS | 111,945 | 1,100 | • | ' | |||||
| T O T A L ASS4TF;.LESS CURRENT | |||||||||
| LIABILITIES | • | 117,293 | .1,100 | 118,393. | 107,51.3 | ||||
| NET ASSETS | 117,293 | 1,100 | • | 118,393 | 1.07,513 | ||||
| i iz |
1 | ||||||||
| FUNDS | 13 | ||||||||
| ., ,. 'Unrestricted fundK |
• 117,293 | 106,313 | |||||||
| Restricted tiinqs | . | 1,100 | 1,200 | ||||||
| . | |||||||||
| TOTA L FUNDS''' | 118,393 | 107,513 |
| 31.8.21 | 31.8.20 | |
|---|---|---|
| £ | £ | |
| Flock Books | 350 | 225 |
| Tattooing | 122 | 251 |
| Website Adverts | 45 | 160 |
| Memorabilia | 1,306 | 764 |
| 1,823 | 1,400 |
| INVESTMENT INCOME | ||
|---|---|---|
| 31.8.21 | 31.8.20 | |
| Dividends | 127 | 135 |
| Deposit account interest | 73 | 659 |
| 200 | 794 |
| 31.8.21 | 31.8.20 | |
|---|---|---|
| Auditors' remuneration | 837 | 825 |
| Auditors' remuneration for non audit work | 838 | 825 |
| Depreciation −owned assets Other operating leases |
1,178 1,873 |
1,172 2,888 |
| 31.8.21 | 31.8.20 | |
|---|---|---|
| Office | 1 | 1 |
| COMPARATIVES FOR THE STATEMENT OF FI | NANCIAL ACTIVITIES | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | fund | funds | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 27,751 | 200 | 27,951 |
| Charitable activities | |||
| Registration & Inspection Fees | 41,126 | 41,126 | |
| Breed Promotion | 3,040 | 3,040 | |
| Expense Recharged | 74 | 74 | |
| AGM | 7,802 | 7,802 | |
| Discretionary Grant | 10,000 | 10,000 | |
| Sheep Fair & Competition | 621 | 621 | |
| Other trading activities | 1,400 | 1,400 | |
| Investment income | 794 | 794 |
| **COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES ** | **COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES ** | −continued | |
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | fund | funds | |
| Other income | 1,452 | 1,452 | |
| Total | 94,060 | 200 | 94,260 |
| EXPENDITURE ON | |||
| Raising funds | 575 | 575 | |
| Charitable activities | |||
| Breed Promotion | 8,221 | 8,221 | |
| Flock Book | 3,591 | 3,591 | |
| AGM | 8,384 | 400 | 8,784 |
| Office | 44,990 | 44,990 | |
| Governance & Finance | 2,238 | 2,238 | |
| Sheep Fair & Competition | 1,849 | 1,849 | |
| Total | 69,848 | 400 | 70,248 |
| Net gains/(losses) on investments | (493) | (493) | |
| NET INCOME/(EXPENDITURE) | 23,719 | (200) | 23,519 |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 82,594 | 1,400 | 83,994 |
| TOTAL FUNDS CARRIED FORWARD | 106,313 | 1,200 | 107,513 |
| TANGIBLE FIXED ASSETS | |||
| Office | |||
| Equipment | |||
| COST | |||
| At 1 September 2020 | 9,743 | ||
| Additions | 74 | ||
| At 31 August 2021 | 9,817 | ||
| DEPRECIATION | |||
| At 1 September 2020 | 6,193 | ||
| Charge for year | 1,178 | ||
| At 31 August 2021 | 7,371 | ||
| NET BOOK VALUE | |||
| At 31 August 2021 | 2,446 | ||
| At 31 August 2020 | 3,550 |
| Listed | |||
|---|---|---|---|
| Investments | |||
| £ | |||
| COST At 31 August 2021 |
2,481 | ||
| FAIR VALUE MOVEMENT Movement b/f Movement for year At 31 August 2021 |
(269) 690 421 |
||
| AR | KET VALUE At 31 August 2021 |
2,902 | |
| A | t 31 August 2020 |
2,212 | |
| There were no investment assets outside the UK. | |||
| 10. | STOCKS | ||
| 31.8.21 | 31.8.20 | ||
| £ | £ | ||
| oc | ks | 5,324 | 5,498 |
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.8.21 | 31.8.20 | ||
| £ | £ | ||
| Trade debtors | 3,418 | 4,700 | |
| pa | yments and accrued income |
2,033 5,451 |
1,596 6,296 |
| **CREDITORS: AMOUNTS FALLING ** | **DUE WITHIN ONE ** | YEAR | ||
|---|---|---|---|---|
| 31.8.21 | 31.8.20 | |||
| Trade creditors | 2,279 | 907 | ||
| VAT | 1,972 | 2,676 | ||
| Accrued expenses | 3,194 | 3,310 | ||
| 7,445 | 6,893 | |||
| MOVEMENT IN FUNDS | ||||
| Net | ||||
| movement | At | |||
| At 1.9.20 | in funds | 31.8.21 | ||
| Unrestricted funds | ||||
| General fund | 106,582 | 10,290 | 116,872 | |
| Fair Value Reserve | (269) | 690 | 421 | |
| 106,313 | 10,980 | 117,293 | ||
| Restricted funds | ||||
| David Matthews Bursary | 1,200 | (100) | 1,100 | |
| TOTAL FUNDS | 107,513 | 10,880 | 118,393 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 86,560 | (76,270) | 10,290 | |
| Fair Value Reserve | 690 | 690 | ||
| 86,560 | (76,270) | 690 | 10,980 | |
| Restricted funds | ||||
| David Matthews Bursary | (100) | (100) | ||
| TOTAL FUNDS | 86,560 | (76,370) | 690 | 10,880 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.19 | in funds | 31.8.20 | |
| Unrestricted funds | |||
| General fund | 82,370 | 24,212 | 106,582 |
| Fair Value Reserve | 224 | (493) | (269) |
| 82,594 | 23,719 | 106,313 | |
| Restricted funds | |||
| David Matthews Bursary | 1,400 | (200) | 1,200 |
| TOTAL FUNDS | 83,994 | 23,519 | 107,513 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 94,060 | (69,848) | 24,212 | |
| Fair Value Reserve | (493) | (493) | ||
| 94,060 | (69,848) | (493) | 23,719 | |
| Restricted funds | ||||
| David Matthews Bursary | 200 | (400) | (200) | |
| TOTAL FUNDS | 94,260 | (70,248) | (493) | 23,519 |
| INCOME AND ENDOWMENTS | ||
|---|---|---|
| Donations and legacies | ||
| Donations | 231 | |
| Gift aid | 2,055 | 1,995 |
| Subscriptions | 29,290 | 25,725 |
| 31,345 | 27,951 | |
| Other trading activities | ||
| Flock Books | 350 | 225 |
| Tattooing | 122 | 251 |
| Website Adverts | 45 | 160 |
| Memorabilia | 1,306 | 764 |
| 1,823 | 1,400 | |
| Investment income | ||
| Dividends | 127 | 135 |
| Deposit account interest | 73 | 659 |
| 200 | 794 | |
| Charitable activities | ||
| Fair Entrance Fees | 2,307 | 91 |
| Fair Sponsorship | 660 | 530 |
| Grants | 10,000 | |
| Ram Registration Fees | 18,800 | 14,720 |
| Individual Ewe Registrations | 22,555 | 25,488 |
| Female Registrations List | 700 | 150 |
| Approved Sheep | 790 | 768 |
| Breed Promotion | 7,223 | 3,040 |
| Postage and Stationery | 157 | 74 |
| AGM Income | 7,802 | |
| Other income | 53,192 | 62,663 |
| Insurance Claim | 1,452 | |
| Total incoming resources | 86,560 | 94,260 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 5,498 | 4,209 |
| Tattooing | 394 | 161 |
| Memorabilia. | 1,432 | 1,703 |
| Carried forward | 7,324 | 6,073 |
| DETAILED STATEMENT OF FINA **FOR THE YEAR ENDED 31 ** |
NCIAL ACTIVITIES AUGUST 2021 |
|
|---|---|---|
| 31.8.21 | 31.8.20 | |
| Other trading activities | ||
| Brought forward | 7,324 | 6,073 |
| Closing stock | (5,324) | (5,498) |
| 2,000 | 575 | |
| Charitable activities | ||
| Advertising | 3,437 | 1,199 |
| Printing o f Flock Book | 3,863 | 3,591 |
| Flock Competition | 2,045 | 294 |
| Breed Promotion | 6,885 | 6,088 |
| Fair Expenses | 5,871 | 1,555 |
| AGM Expenses | 8,384 | |
| David Matthews Bursary | 100 | 400 |
| Grassroots System Expenses | 954 | 934 |
| 23,155 | 22,445 | |
| Support costs | ||
| Management | ||
| Wages | 27,191 | 23,646 |
| Pensions | 628 | 524 |
| Other operating leases | 1,873 | 2,888 |
| Rates and water | 297 | 290 |
| Insurance | 750 | 707 |
| Office Running Costs | 1,263 | 1,289 |
| Telephone | 705 | 707 |
| Postage and stationery | 10,732 | 8,878 |
| Sundries | 1,737 | 1,581 |
| Computer Expenses | 1,876 | 1,304 |
| Secretarial Services | 608 | 582 |
| Office Repairs | 125 | 1,422 |
| Depn o f Office Equipment | 1,178 | 1,172 |
| 48,963 | 44,990 | |
| (ThFinance Bank charges |
577 | 588 |
| Governance costs | ||
| Auditors' remuneration | 837 | 825 |
| Auditors' remuneration for non audit work | 838 | 825 |
| 1,675 | 1,650 | |
| Total resources expended | 76,370 | 70,248 |
| Net income before gains and losses | 10,190 | 24,012 |
| Realised recognised gains and losses | ||
| Carried forward | 10,190 | 24,012 |
| Realised recognised gains and losses Brought forward |
10,190 | 24,012 |
|---|---|---|
| Realised gains/(losses) on fixed asset investments | 690 | (493) |
| Net income | 10,880 | 23,519 |