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|||**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|





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|||||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|





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|||||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|





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|**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|





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||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|



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|||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|





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|**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|





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||||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|





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|||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|



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||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|





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|||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|



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|**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|





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|**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|