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|||**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|





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||||||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<br>funds<br>**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**<br>**funds brought**|**forward**||106,313|1,200|107,513|83,994|
|**TOTAL FUNDS CARRIED FORWARD**|||117,293|1,100|118,393|107,513|





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||||||||31.8.21||31.8.20|
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted||Total||Total|
|||||funds|fund •||funds||funds|
||||Notes|£|f.||||£|
|FIXED ASSETS||||||||||
|Tangible assets<br>−|||8|2,446|||2,446||3,550|
|Investments<br>.|||9|2,902|||2,902||2,212|
|||||5,348|||5,348||5,762|
|CURRENT 'ASSETS'• '||||||||||
|Stocks<br>•|||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<br>iz|1|||||||||
|FUNDS|||13|||||||
|.,<br>,.<br>'Unrestricted fundK|||||||• 117,293||106,313|
|Restricted tiinqs|.||||||1,100||1,200|
||||||||.|||
|TOTA L FUNDS'''|||||||118,393||107,513|






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||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|





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|**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<br>Other operating leases|1,178<br>1,873|1,172<br>2,888|



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||31.8.21|31.8.20|
|---|---|---|
|Office|1|1|



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|**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|





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||||Listed|
|---|---|---|---|
||||Investments|
||||£|
||**COST**<br>At 31 August 2021||2,481|
||**FAIR VALUE MOVEMENT**<br>Movement b/f<br>Movement for year<br>At 31 August 2021||(269)<br>690<br>421|
|**AR**|**KET**<br>**VALUE**<br>At 31 August 2021||2,902|
|A|t<br>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<br>and accrued income|2,033<br>5,451|1,596<br>6,296|






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|**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|





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|||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|



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|**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**<br>**FOR THE YEAR ENDED 31 **|**NCIAL ACTIVITIES**<br> **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**<br>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|





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|**Realised recognised gains and losses**<br>Brought forward|10,190|24,012|
|---|---|---|
|Realised gains/(losses) on fixed asset investments|690|(493)|
|**Net income**|10,880|23,519|