| Page | Page | ||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Report of the Independent Auditors | **6 ** | to | 8 |
| Statementof Financial Activities | 9 | ||
| Balance Sheet | 10 | ||
| Notes to the Financial Statements | 11 | to | 18 |
| Detailed Statement of Financial Activities | 19 | to | 21 |
| 31.8.23 | 31.8.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 37,014 | 37,014 | 34,868 | ||
| Charitable activities | |||||
| Registration & Inspection Fees | 43,692 | 43,692 | 42,879 | ||
| BreedPromotion | 7,525 | 7,525 | 7,394 | ||
| Expense Recharged | 109 | 109 | 132 | ||
| AGM | 3,180 | 3,180 | − | ||
| Sheep Fair & Competition | 5,291 | 5,291 | 5,147 | ||
| Other trading activities | 2 | 2,633 | 2,633 | 2,234 | |
| Investment income | 3 | 375 | 375 | 190 | |
| Total | 99,819 | 99,819 | 92,844 | ||
| EXPENDITURE ON | |||||
| Raising funds | 6,109 | 6,109 | 1,089 | ||
| Charitable activities | |||||
| Breed Promotion | 13,243 | 13,243 | 13,192 | ||
| Flock Book | 4,247 | 4,247 | 2,886 | ||
| AGM | 3,632 | 100 | 3,732 | 100 | |
| Office | 55,399 | 55,399 | 51,337 | ||
| Governance & Finance | 2,244 | 2,244 | 2,242 | ||
| Sheep Fair & Competition | 9,297 | 9,297 | 7,749 | ||
| Total | 94,171 | 100 | 94,271 | 78,595 | |
| Net gains/(losses) on investments | (319) | (319) | (180) | ||
| NET INCOME/(EXPENDITURE) | 5,329 | (100) | 5,229 | 14,069 | |
| RECONCILIATION O F FUNDS | |||||
| Total funds brought forward | 131,462 | 1,000 | 132,462 | 118,393 | |
| TOTAL FUNDS CARRIED FORWARD | 136,791 | 900 | 137,691 | 132,462 |
| 31.8.23 | 31.8.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 8 | 4,461 | 4,461 | 1,259 | |
| Investments | 9 | 2,403 | 2,403 | 2,722 | |
| 6,864 | 6,864 | 3,981 | |||
| CURRENT ASSETS | |||||
| Stocks | 10 | 2,819 | 2,819 | 6,942 | |
| Debtors | 11 | 4,851 | 4,851 | 7,612 | |
| Cash at bank and in hand | 129,057 | 900 | 129,957 | 122,718 | |
| 136,727 | 900 | 137,627 | 137,272 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 12 | (6,800) | (6,800) | (8,791) | |
| NET CURRENT ASSETS | 129,927 | 900 | 130,827 | 128,481 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 136,791 | 900 | 137,691 | 132,462 | |
| NET ASSETS | 136,791 | 900 | 137,691 | 132,462 | |
| FUNDS | 13 | ||||
| Unrestricted funds | 136,791 | 131,462 | |||
| Restricted funds | 900 | 1,000 | |||
| TOTAL FUNDS | 137,691 | 132,462 |
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 31.8.23 | 31.8.22 | ||
| Flock Books | 480 | 225 | |
| Tattooing | 100 | 132 | |
| Website Adverts | 20 | 230 | |
| Memorabilia | 2,033 | 1,647 | |
| 2,633 | 2,234 | ||
| 3. | INVESTMENT INCOME | ||
| 31.8.23 | 31.8.22 | ||
| Dividends | 149 | 144 | |
| Deposit account interest | 226 | 46 | |
| 375 | 190 |
| 31.8.23 | 31.8.22 | |
|---|---|---|
| Auditors' remuneration | 875 | 850 |
| Auditors' remuneration for non audit work | 875 | 850 |
| Depreciation. owned assets | 1,865 | 1,187 |
| Other operating leases | 3,150 | 3,115 |
| 31.8.23 | 31.8.22 | |
|---|---|---|
| Office | 1 | 1 |
| COMPARATIVES FOR THE STATEMENT OF FI | NANCIAL ACTIVITIES | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | fund | funds | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 34,868 | 34,868 | |
| Charitable activities | |||
| Registration & Inspection Fees | 42,879 | 42,879 | |
| Breed Promotion | 7,394 | 7,394 | |
| Expense Recharged | 132 | 132 | |
| Sheep Fair & Competition | 5,147 | 5,147 | |
| Other trading activities | 2,234 | 2,234 | |
| Investment income | 190 | 190 | |
| Total | 92,844 | 92,844 | |
| EXPENDITURE ON | |||
| Raising funds | 1,089 | 1,089 | |
| Charitable activities | |||
| Breed Promotion | 13,192 | 13,192 | |
| Flock Book | 2,886 | 2,886 | |
| 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 | 51,337 | 51,337 | ||
| Governance & Finance | 2,242 | 2,242 | ||
| Sheep Fair & Competition | 7,749 | 7,749 | ||
| Total | 78,495 | 100 | 78,595 | |
| Net gains/(losses) on investments | (180) | (180) | ||
| NET INCOME/(EXPENDITURE) | 14,169 | (100) | 14,069 | |
| RECONCILIATION O FFUNDS | ||||
| Total funds brought forward | 117,293 | 1,100 | 118,393 | |
| TOTAL FUNDS CARRIED FORWARD | 131,462 | 1,000 | 132,462 | |
| 8. | TANGIBLE FIXED ASSETS | |||
| Office | ||||
| Equipment | ||||
| COST | ||||
| At 1 September 2022 | 9,817 | |||
| Additions | 5,067 | |||
| At 31 August 2023 | 14,884 | |||
| DEPRECIATION | ||||
| At 1 September 2022 | 8,558 | |||
| Charge for year | 1,865 | |||
| At 31 August 2023 | 10,423 | |||
| NET BOOK VALUE | ||||
| At 31 August 2023 | 4,461 | |||
| At 31 August 2022 | 1,259 |
| Listed | |||
|---|---|---|---|
| Investments | |||
| COST | |||
| At 31 August 2022 | 2,481 | ||
| FAIR VALUE MOVEMENT | |||
| Movement b/f | 241 | ||
| Movement for year | (319) | ||
| At 31 August 2022 | (78) | ||
| MARKET VALUE | |||
| At 31 August 2023 | 2,403 | ||
| At 31 August 2022 | 2,722 | ||
| There were no investment assets outside the UK. | |||
| 10. | STOCKS | ||
| 31.8.23 | 31.8.22 | ||
| Stocks | 2,819 | 6,942 | |
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.8.23 | 31.8.22 | ||
| Trade debtors | 2,418 | 5,280 | |
| Prepayments and accrued income | 2,433 | 2,332 | |
| 4,851 | 7,612 |
| 31.8.23 | 31.8.22 | |||
|---|---|---|---|---|
| Trade creditors | 332 | 3,231 | ||
| VAT | 2,181 | 2,248 | ||
| Accrued expenses | 4,287 | 3,312 | ||
| 6,800 | 8,791 | |||
| MOVEMENT IN FUNDS | ||||
| Net | ||||
| movement | At | |||
| At 1.9.22 | in funds | 31.8.23 | ||
| Unrestricted funds | ||||
| General fund | 131,221 | 5,329 | 136,550 | |
| Fair Value Reserve | 241 | 241 | ||
| 131,462 | 5,329 | 136,791 | ||
| Restricted funds | ||||
| David Matthews Bursary | 1,000 | (100) | 900 | |
| TOTAL FUNDS | 132,462 | 5,229 | 137,691 | |
| 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 | 99,819 | (94,171) | (319) | 5,329 |
| Restricted funds | ||||
| David Matthews Bursary | (100) | (100) | ||
| TOTAL FUNDS | 99,819 | (94,271) | (319) | 5,229 |
| 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 |
| INCOME AND ENDOWMENTS | ||
|---|---|---|
| Donations and legacies | ||
| Donations | 6 | |
| Gift aid | 2,379 | 2,002 |
| Legacies | 3,000 | |
| Subscriptions | 34,635 | 29,860 |
| 37,014 | 34,868 | |
| Other trading activities | ||
| Flock Books | 480 | 225 |
| Tattooing | 100 | 132 |
| Website Adverts | 20 | 230 |
| Memorabilia | 2,033 | 1,647 |
| 2,633 | 2,234 | |
| Investment income | ||
| Dividends | 149 | 144 |
| Deposit account interest | 226 | 46 |
| 375 | 190 | |
| Charitable activities | ||
| Fair Entrance Fees | 3,476 | 3,182 |
| Fair Sponsorship Ram Registration Fees Individual Ewe Registrations |
1,815 17,980 23,140 |
1,965 18,440 23,401 |
| −Female Registrations List Flock Competition Approved Sheep Breed Sales Commission |
180 300 548 3,995 |
160 300 578 4,254 |
| Breed Promotion | 3,530 | 3,140 |
| Postage and Stationery | 109 | 132 |
| AGM Income | 3,180 | |
| Dorset Diamonds | 1,544 | |
| 59,797 | 55,552 | |
| Total incoming resources | 99,819 | 92,844 |
| EXPENDITURE | ||
| Other trading activities Opening stock Tattooing Memorabilia |
6,942 1,986 |
5,324 108 2,599 |
| Carried forward | 8,928 | 8,031 |
| FOR THE YEAR ENDED 3 | 1 AUGUST 2023 | |
|---|---|---|
| 31.8.23 | 31.8.22 | |
| Other trading activities | ||
| Brought forward | 8,928 | 8,031 |
| Closing stock | (2,819) | (6,942) |
| 6,109 | 1,089 | |
| Charitable activities | ||
| Advertising | 3,519 | 4,561 |
| Printing o f Flock Book | 4,247 | 2,886 |
| Flock Competition | 1,770 | 1,223 |
| Breed Promotion | 8,784 | 7,677 |
| Fair Expenses | 7,527 | 6,526 |
| A G M Expenses | 3,632 | |
| David Matthews Bursary | 100 | 100 |
| Grassroots System Expenses | 940 | 954 |
| 30,519 | 23,927 | |
| Support costs | ||
| Management | ||
| Wages | 27,887 | 26,036 |
| Pensions | 649 | 594 |
| Other operating leases | 3,150 | 3,115 |
| Rates and water | 294 | 192 |
| Insurance | 902 | 830 |
| Office Running Costs | 1,265 | 1,373 |
| Telephone | 731 | 679 |
| Postage and stationery | 14,766 | 13,079 |
| Sundries | 2,355 | 1,818 |
| Computer Expenses | 1,535 | 2,138 |
| Secretarial Services | 102 | |
| Office Repairs | 194 | |
| Depn o f Office Equipment | 1,865 | 1,187 |
| 55,399 | 51,337 | |
| Finance | ||
| Bank charges | 494 | 542 |
| Governance costs | ||
| Auditors' remuneration | 875 | 850 |
| Auditors' remuneration for non audit work | 875 | 850 |
| 1,750 | 1,700 | |
| Total resources expended | 94,271 | 78,595 |
| Net income before gains and losses | 5,548 | 14,249 |
| Realised recognised gains and losses | ||
| Carried forward | 5,548 | 14,249 |
| FOR THE YEAR ENDED 31 AU | GUST 2023 | |
|---|---|---|
| 31.8.23 | 31.8.22 | |
| Realised recognised gains and losses | ||
| Brought forward | 5,548 | 14,249 |
| Realised gains/(losses) on fixed asset investments | (319) | (180) |
| Net income | 5,229 | 14,069 |