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|||**Page**|**Page**|
|---|---|---|---|
|**Report of the Trustees**|**1**|to|5|
|**Report of the Independent Auditors**|**6 **|**to**|**8**|
|**Statement****_of Financial Activities_**||**9**||
|**Balance Sheet**||**10**||
|**Notes to the Financial Statements**|**11**|**to**|**18**|
|**Detailed Statement of Financial Activities**|**19**|**to**|**21**|
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|||||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|
|**_Breed_**Promotion||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|
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|||||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|
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|**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|
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||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|
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||31.8.23|31.8.22|
|---|---|---|
|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|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 F****_FUNDS_**||||
||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|
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||||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|
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||||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|
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|||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|
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|**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|