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2022-08-31-accounts
|
|
Page |
|
| Report o f the Trustees |
1 |
to |
5 |
| Report o f the Independent Auditors |
6 |
to |
8 |
| Statement of Financial Activities |
|
9 |
|
| Balance Sheet |
|
10 |
|
| Notes to the Financial Statements |
11 |
to |
18 |
| Detailed Statement o f Financial Activities |
19 |
to |
20 |
|
|
|
|
31.8.22 |
31.8.21 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Donations and legacies |
|
34,868 |
|
34,868 |
31,345 |
| Charitable activities |
|
|
|
|
|
| Registration & Inspection Fees |
|
42,879 |
|
42,879 |
42,845 |
| Breed Promotion |
|
7,394 |
|
7,394 |
7,223 |
| Expense Recharged |
|
132 |
|
132 |
157 |
| Sheep Fair & Competition |
|
5,147 |
|
5,147 |
2,967 |
| Other trading activities |
2 |
2,234 |
|
2,234 |
1,823 |
| Investment income |
3 |
190 |
|
190 |
200 |
| Total |
|
92,844 |
|
92,844 |
86,560 |
| EXPENDITURE ON |
|
|
|
|
|
| Raising funds |
|
1,089 |
|
1,089 |
2,000 |
| Charitable activities |
|
|
|
|
|
| Breed Promotion |
|
13,192 |
|
13,192 |
11,276 |
| Flock Book |
|
2,886 |
|
2,886 |
3,863 |
| AGM |
|
|
100 |
100 |
100 |
| Office |
|
51,337 |
|
51,337 |
48,963 |
| Governance & Finance |
|
2,242 |
|
2,242 |
2,252 |
| Sheep Fair & Competition |
|
7,749 |
|
7,749 |
7,916 |
| Total |
|
78,495 |
100 |
78,595 |
76,370 |
| Net gains/(losses) on investments |
|
(180) |
|
(180) |
690 |
| NET INCOME/(EXPENDITURE) |
|
14,169 |
(100) |
14,069 |
10,880 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
117,293 |
1,100 |
118,393 |
107,513 |
| TOTAL FUNDS CARRIED FORWARD |
|
131,462 |
1,000 |
132,462 |
118,393 |
|
|
|
|
31.8.22 |
31.8.21 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangible assets |
8 |
1,259 |
|
1,259 |
2,446 |
| Investments |
9 |
2,722 |
|
2,722 |
2,902 |
|
|
3,981 |
|
3,981 |
5,348 |
| CURRENT ASSETS |
|
|
|
|
|
| Stocks |
10 |
6,942 |
|
6,942 |
5,324 |
| Debtors |
11 |
7,612 |
|
7,612 |
5,451 |
| Cash at bank and in hand |
|
121,718 |
1,000 |
122,718 |
109,715 |
|
|
136,272 |
1,000 |
137,272 |
120,490 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due within one year |
12 |
(8,791) |
|
(8,791) |
(7,445) |
| NET CURRENT ASSETS |
|
127,481 |
1,000 |
128,481 |
113,045 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
|
|
| LIABILITIES |
|
131,462 |
1,000 |
132,462 |
118,393 |
| NET ASSETS |
|
131,462 |
1,000 |
132,462 |
118,393 |
| FUNDS |
13 |
|
|
|
|
| Unrestricted funds |
|
|
|
131,462 |
117,293 |
| Restricted funds |
|
|
|
1,000 |
1,100 |
| TOTAL FUNDS |
|
|
|
132,462 |
118,393 |
| 2. |
OTHER TRADING ACTIVITIES |
|
|
|
|
31.8.22 |
31.8.21 |
|
Flock Books |
225 |
350 |
|
Tattooing |
132 |
122 |
|
Website Adverts |
230 |
45 |
|
Memorabilia |
1,647 |
1,306 |
|
|
2,234 |
1,823 |
| 3. |
INVESTMENT INCOME |
|
|
|
|
31.8.22 |
31.8.21 |
|
Dividends |
144 |
127 |
|
Deposit account interest |
46 |
73 |
|
|
190 |
200 |
|
31.8.22 |
31.8.21 |
| Auditors' remuneration |
850 |
837 |
| Auditors' remuneration for non audit work |
850 |
838 |
| Depreciation −owned assets |
1,187 |
1,178 |
| Other operating leases |
3,115 |
1,873 |
|
|
31.8.22 |
31.8.21 |
| Office |
|
1 |
1 |
| During the year the Company Secretary received remuneration o f £26,630 (2021 −£27,819). |
|
|
|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
|
Unrestricted |
Restricted |
Total |
|
funds |
fund |
funds |
| INCOME AND ENDOWMENTS FROM |
|
|
|
| Donations and legacies |
31,345 |
|
31,345 |
| Charitable activities |
|
|
|
| Registration & Inspection Fees |
42,845 |
|
42,845 |
| Breed Promotion |
7,223 |
|
7,223 |
| Expense Recharged |
157 |
|
157 |
| Sheep Fair & Competition |
2,967 |
|
2,967 |
| Other trading activities |
1,823 |
|
1,823 |
| Investment income |
200 |
|
200 |
| Total |
86,560 |
|
86,560 |
| EXPENDITURE ON |
|
|
|
| Raising funds |
2,000 |
|
2,000 |
| Charitable activities |
|
|
|
| Breed Promotion |
11,276 |
|
11,276 |
| Flock Book |
3,863 |
|
3,863 |
| AGM |
|
100 |
100 |
| 7. |
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES ** |
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES ** |
−continued |
|
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
fund |
funds |
|
Office |
48,963 |
|
48,963 |
|
Governance & Finance |
2,252 |
|
2,252 |
|
Sheep Fair & Competition |
7,916 |
|
7,916 |
|
Total |
76,270 |
100 |
76,370 |
|
Net gains on investments |
690 |
− |
690 |
|
NET INCOME/(EXPENDITURE) |
10,980 |
(100) |
10,880 |
|
RECONCILIATION OF FUNDS |
|
|
|
|
Total funds brought forward |
106,313 |
1,200 |
107,513 |
|
TOTAL FUNDS CARRIED FORWARD |
117,293 |
1,100 |
118,393 |
| 8. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
Office |
|
|
|
|
Equipment |
|
COST |
|
|
|
|
At 1 September 2021 and 31 August 2022 |
|
|
9,817 |
|
DEPRECIATION |
|
|
|
|
At 1 September 2021 |
|
|
7,371 |
|
Charge for year |
|
|
1,187 |
|
At 31 August 2022 |
|
|
8,558 |
|
NET BOOK VALUE |
|
|
|
|
At 31 August 2022 |
|
|
1,259 |
|
At 31 August 2021 |
|
|
2,446 |
|
|
|
Listed |
|
|
|
Investments |
|
COST |
|
|
|
At 31 August 2022 |
|
2,481 |
|
FAIR VALUE MOVEMENT |
|
|
|
Movement b/f |
|
421 |
|
Movement for year |
|
(180) |
|
At 31 August 2022 |
|
241 |
|
MARKET VALUE |
|
|
|
At 31 August 2022 |
|
2,722 |
|
At 31 August 2021 |
|
2,902 |
|
There were no investment assets outside the UK. |
|
|
| 10. |
STOCKS |
|
|
|
|
31.8.22 |
31.8.21 |
|
Stocks |
6,942 |
5,324 |
| 11. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
31.8.22 |
31.8.21 |
|
Trade debtors |
5,280 |
3,418 |
|
Prepayments and accrued income |
2,332 |
2,033 |
|
|
7,612 |
5,451 |
|
|
31.8.22 |
31.8.21 |
| Trade creditors |
|
3,231 |
2,279 |
| VAT |
|
2,248 |
1,972 |
| Accrued expenses |
|
3,312 |
3,194 |
|
|
8,791 |
7,445 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1.9.21 |
in funds |
31.8.22 |
| Unrestricted funds |
|
|
|
| General fund |
116,872 |
14,349 |
131,221 |
| Fair Value Reserve |
421 |
(180) |
241 |
|
117,293 |
14,169 |
131,462 |
| Restricted funds |
|
|
|
| David Matthews Bursary |
1,100 |
(100) |
1,000 |
| TOTAL FUNDS |
118,393 |
14,069 |
132,462 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
92,844 |
(78,495) |
|
14,349 |
| Fair Value Reserve |
|
|
(180) |
(180) |
|
92,844 |
(78,495) |
(180) |
14,169 |
| Restricted funds |
|
|
|
|
| David Matthews Bursary |
|
(100) |
|
(100) |
| TOTAL FUNDS |
92,844 |
(78,595) |
(180) |
14,069 |
|
|
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 |
|
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 |
| Donations and legacies |
|
|
| Donations |
6 |
|
| Gift aid |
2,002 |
2,055 |
| Legacies |
3,000 |
|
| Subscriptions |
29,860 |
29,290 |
|
34,868 |
31,345 |
| Other trading activities |
|
|
| Flock Books |
225 |
350 |
| Tattooing |
132 |
122 |
| Website Adverts |
230 |
45 |
| Memorabilia |
1,647 |
1,306 |
|
2,234 |
1,823 |
| Investment income |
|
|
| Dividends |
144 |
127 |
| Deposit account interest |
46 |
73 |
|
190 |
200 |
| Charitable activities |
|
|
| Fair Entrance Fees |
3,182 |
2,307 |
| Fair Sponsorship |
1,965 |
660 |
| Ram Registration Fees |
18,440 |
18,800 |
| Individual Ewe Registrations |
23,401 |
22,555 |
| Female Registrations List |
160 |
700 |
| Flock Competition |
300 |
520 |
| Approved Sheep |
578 |
270 |
| Breed Sales Commission |
4,254 |
4,023 |
| Breed Promotion |
3,140 |
3,200 |
| Postage and Stationery |
132 |
157 |
|
55,552 |
53,192 |
| Total incoming resources |
92,844 |
86,560 |
| EXPENDITURE |
|
|
| Other trading activities |
|
|
| Opening stock |
5,324 |
5,498 |
| Tattooing |
108 |
394 |
| Memorabilia |
2,599 |
1,432 |
| Closing stock |
(6,942) |
(5,324) |
|
1,089 |
2,000 |
| FOR THE YEAR ENDED 31 A |
UGUST 2022 |
|
|
31.8.22 |
31.8.21 |
| Other trading activities |
|
|
| Charitable activities |
|
|
| Advertising |
4,561 |
3,437 |
| Printing o f Flock Book |
2,886 |
3,863 |
| Flock Competition |
1,223 |
2,045 |
| Breed Promotion |
7,677 |
6,885 |
| Fair Expenses |
6,526 |
5,871 |
| David Matthews Bursary |
100 |
100 |
| Grassroots System Expenses |
954 |
954 |
|
23,927 |
23,155 |
| Support costs |
|
|
| Management |
|
|
| Wages |
26,036 |
27,191 |
| Pensions |
594 |
628 |
| Other operating leases |
3,115 |
1,873 |
| Rates and water |
192 |
297 |
| Insurance |
830 |
750 |
| Office Running Costs |
1,373 |
1,263 |
| Telephone |
679 |
705 |
| Postage and stationery |
13,079 |
10,732 |
| Sundries |
1,818 |
1,737 |
| Computer Expenses |
2,138 |
1,876 |
| Secretarial Services |
102 |
608 |
| Office Repairs |
194 |
125 |
| Depn o f Office Equipment |
1,187 |
1,178 |
|
51,337 |
48,963 |
| Finance |
|
|
| Bank charges |
542 |
577 |
| Governance costs |
|
|
| Auditors' remuneration |
850 |
837 |
| Auditors' remuneration for non audit work |
850 |
838 |
|
1,700 |
1,675 |
| Total resources expended |
78,595 |
76,370 |
| Net income before gains and losses |
14,249 |
10,190 |
| Realised recognised gains and losses |
|
|
| Realised gains/(losses) on fixed asset investments |
(180) |
690 |
| Net income |
14,069 |
10,880 |