## |||||Page|| |---|---|---|---|---|---| |Report ofthe Trustees|||I|to|8| |Chairman's|Report||9|to|10| |Treasurer's|Report||11|to|12| |Report ofthe Independent||Auditors|13|to|16| |Consolidated|Statement ofFinancial Activities|||17|| |Consolidated|Balance Sheet|||18|| |Charity Balance Sheet||||19|| |Consolidated|Cash Flow|Statement||20|| |Notes to the|Consolidated|Cash Flow Statement||21|| |Notes to the|Consolidated|Financial Statements|22|to|35| |Detailed Statement ofFiaancial Activities|||36|to|38| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||BRITISH LIMOUSIN CATTLE SOCIETY LIMITED|BRITISH LIMOUSIN CATTLE SOCIETY LIMITED|BRITISH LIMOUSIN CATTLE SOCIETY LIMITED|BRITISH LIMOUSIN CATTLE SOCIETY LIMITED|BRITISH LIMOUSIN CATTLE SOCIETY LIMITED|BRITISH LIMOUSIN CATTLE SOCIETY LIMITED||| |---|---|---|---|---|---|---|---|---|---|---| |||REGISTERED COMPANY NUMBER
00989511|||||n land and||Wales|| |||CONSOLIDATED|||STATEMENT OFFINANCIAL ACTIVITIES|||||| |||NCORPORATING
AN INCOME AND EXPENDITURE ACCOUNT
FORTHE YEAR ENDED 31DECEMBER 2020||||||||| |||||A COMPANY LIMITED BYGUARANTEE||||||| ||||||||||2020|2019| |||||||Unrestricted|Restricted||Total|Total| |||||||fund|fund||funds|funds| |INCOME|AND ENDOWMENTS|||FROM|Notes||8||E|| |Donations|and legacies||||2|137,400|||137,400|141,335| |Charitable|activities||||5|||||| |Charitable|activities|||||736,899|||736,899|709,380| |Other trading activities
Investment
income|||||3
4|71,701
33403|||71,701
53403|73,851
75 829| |Total||||||999,403|||999,403|1,000,395| |EXPENDITURE ON||||||||||| |Raising funds|||||6|42,204|||42,204|51,125| |Charitable|activities||||7|||||| |Charitable|activities|||||848,134|||848,134|1,079,205| |Total||||||890,338|||890,338|1,130,330| |Net gains on investments||||||20 033|||20 093|210465| |NET INCOME||||||129,158|||129,158|80,530| |RECONCILIATION||OF FUNDS||||||||| |Total funds brought||forward||||2,933,038|||2,933,038|2,852,508| |TOTAL FUNDS CARRIED|||FORWARD|||3062 196||-|3 062 196|2,933038| ||BRITISHLIMOUSIN CATTLE SOCIETYLIMITED
REGISTERED COMPANY NUMBER
00989511
n land and|BRITISHLIMOUSIN CATTLE SOCIETYLIMITED
REGISTERED COMPANY NUMBER
00989511
n land and|BRITISHLIMOUSIN CATTLE SOCIETYLIMITED
REGISTERED COMPANY NUMBER
00989511
n land and|BRITISHLIMOUSIN CATTLE SOCIETYLIMITED
REGISTERED COMPANY NUMBER
00989511
n land and|BRITISHLIMOUSIN CATTLE SOCIETYLIMITED
REGISTERED COMPANY NUMBER
00989511
n land and|Wales|| |---|---|---|---|---|---|---|---| ||||CONSOLIDATED BALANCE SHEET||||| ||||31DECEMBER 2020||||| |||A|COMPANY LIMITED BYGUARANTEE||||| |||||||2020|2019| |||||Unrestricted|Restricted|Total|Total| |||||fund|fund|funds|funds| |FIXEDASSETS|||Notes||||6| |Intangible
assets
Tangible
assets
Investments|||13
14
15|41,735
979,272
I 833552||41,735
979,272
~1833552|49,735
984,262
1,801,606| |||||2,854,559||2,854,559|2,835,603| |CURRENT ASSETS|||||||| |Stocks
Debtors
Cash at bank and in hand|||]6
17|8514
256,168
319875||8,514
256,168
319875|12,048
220,236
~212632| |||||584,557||584,557|444,916| |CREDITORS|||||||| |Amounts
falling due within||one year|18|(376,920)||(376,920)|(347,481)| |NET CURRENT ASSETS||||207637||207 637|97435| |TOTAL ASSETSLESSCURRENT|||||||| |LIABILITIES||||3,062,196||3,062,196|2,933,038| |NET ASSETS||||3,062 196|-|~3062,196|2,933038| |FUNDS|||20||||| |Unrestricted
funds||||||3,062 196|2,933038| |TOTAL FUNDS||||||3,062 196|2,933038| ## |||||2020|2019| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| |FIXEDASSETS|Notes||f.||g| |Intangible
assets
Tangible
assets
Investments|13A
14A
15A|41,735
979,272
1 859052||41,735
979,272
1 859052|49,735
984,261
1,827,106| |||2,880,059||2,880,059|2,861,102| |CURRENT ASSETS|||||| |Stocks
Debtors
Cash at bank and in hand|16A
17A|5,754
381,056
113604||5,754
381,056
113,604|9,288
305,772
44,895| |||500,414||500,414|359,955| |CREDITORS|||||| |Amounts
falling due within one year|18A|(351,715)||(351,715)|(321,568)| |NET CURRENT ASSETS||148,699||148699|38387| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||3,028,758||3,028,758|2,899,489| |NET ASSETS||3,028 758||3 028,758|2 899,489| |FUNDS|20||||| |Unrestricted
funds||||3,028758|2,899489| |TOTAL FUNDS||||3,028,758|2,899489| |||Notes|2020
6|2019| |---|---|---|---|---| |Cash flows from operating
activities||||| |Cash generated
from operations
Tax paid|||110,964
~21|(174,270)
21| |Net cash provided
by/(used
in) operating||activities|110943|174249| |Cash flows from investing
activities||||| |Purchase oftangible fixed assets
Purchase offixed asset investments
Sale offixed asset investments
Interest received
Dividends
received|||(23,265)
(204,491)
128,553
464
30953|(4,431)
(1,003,951)
1,141,191
2,094
46 317| |Net cash (used in)/provided
by investing||activities|~67786)|181,220| |Change in cash and cash equivalents
the reporting
period
Cash and cash equivalents
at the|in||43,157|6,972| |beginning
ofthe reporting
period|||509533|502,561| |Cash and cash equivalents
at the end|of|||| |the reporting
period|||552 690|509,533| ## ## |ACTIVITIES|CASH FLOW FROM|PERATING|| |---|---|---|---| |||2020|2019| |Net income for the
Activities)
Adjustments
for:|reporting
period (as per the Statement ofFinancial|129,158|E
80,530| |Depreciation
charges
Gain on investments
Loss on disposal offixed assets
Interest received
Dividends
received
Decrease/(increase)
in stocks
(increase)/decrease
in debtors
Increase/(decrease)
in creditors||36,147
(20,093)
108
(464)
(30„953)
3,534
(35,931)
29458|29,878
(210,465)
(2,094)
(46,317)
(3,496)
12,313
~34619| |Net cash provided|by/(used
in) operations|110,964|| ## ## ||At 1.1.20|Cash flow|At 31.12.20| |---|---|---|---| ||6||| |Net cash|||| |Cash at bank and in hand|509533|43 157|552,690| ||509533|43,157|552 690| |Total|509533|43 157|552 690| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||2020|2019| |---|---|---|---| |Subscriptions||K
137400|~141335| |OTHER TRADING ACTIVITIES|||| |||2020|2019| |Shop/promotional
goods
Miscellaneous
Semen sales
Remitted to suppliers
Entry fees
Packing and delivery||5,041
4,106
127,563
(99,098)
6,472
27,617|6,847
2,515
184,956
(156,798)
7,395
28 936| |||71701|~73 851| |INVESTMENT|INCOME||| |||2020|2019| |Rents received
Interest receivable
Income from UK|on cash deposits
listed investments|f.
21,986
463
30,954|27,418
2,094
46317| |||53,403|75,829| ## ## ||Bitth registration
fees
POT fees
Import/export
fees
DNA testing
Shows and events
Livestock commissions
Semen royalty (net)
Society publications
and||Activity
Charitable
Charitable
Charitable
Charitable
Charitable
Charitable
Charitable|activities
activities
activities
activities
activities
activities
activities||2020
6
372,778
53,000
5,250
194,893
3,915
44,145
12,233|2019
f.
397,002
53,803
3,150
149,082
4,590
52,404
7,821| |---|---|---|---|---|---|---|---| ||advertising
Limousin performance||Charitable|activities||12,325|2,550| ||recording||Charitable|activities||38 360|38,978| |||||||736,899|709380| ||RAISING FUNDS||||||| ||Other trading activities||||||| |||||||2020|2019| ||Shop/ promotional
goods
Packing and delivery
Health certificates
Support costs|||||6
3,473
16,391
100
13 976|6
6,555
16,736
1,231
~16 000| |||||||33,940|40,522| ||Investment
management|costs|||||| |||||||2020|2019| ||Supportcosts|||||8 264|10603| ||Aggregate
amounts|||||42 204|51,125| |7.|CHARITABLE ACTIVITIES||COSTS||||| |||||||Support|| ||||||Direct|costs (see|| ||||||Costs|note 8)|Totals| ||Charitable
activities||||463370|384 764|848 134| ## |SUPPOR|T COSTS||GU|RANTEE||| |---|---|---|---|---|---|---| ||||||Governance|| |||Finance|Other|Tax|costs|Totals| |Other trading activities
Investment
management||(788)|11,792|8
(21)|6
2,993|13,976| |costs
Charitable|activities|7,490
3,442|774
310003||71319|8,264
384764| |||10 144|322 569||74312|407 004| ## ## |NET INCOME/(EXPENDITURE)||| |---|---|---| |Net income/(expenditure)
is stated after charging/(crediting):||| ||2020|2019| |Depreciation - owned assets
Deficit on disposal offixed assets
Taurus database
amortisation
Auditor's
remuneration|28,148
108
8,000
7 500|21,879
8,000
7,400| ## ## ## ## ||||||2020|2019| |---|---|---|---|---|---|---| |Wages and salaries
Social security costs
Pension costs|||||141,421
9,306
3 549|281,845
26,658
12422| ||||||154,267|329 925| |The average monthly|number ofemployees||during the year was|as follows:||| |Breed secretary
/ Chief Executive
Herd book personnel
Technical manager|||||2020
I
3
I|2019
I
4
I| |The number ofemployees||whose employee|benefits (excluding|employer pension|costs) exceeded|I60,000was:| |f150,000 - 8160,000|||||2020|2019
I| ## ||2020|2019| |---|---|---| |||E| |Gross sales
Less payment
Net amount|118,088
(105,855)
12233|120,935
(113,114)
7 821| ## ## |INTANGIBLE FIXEDASSETS(GROUP)||||| |---|---|---|---|---| |||Maternal||| ||Tamils|Traits|TSB|| ||database|project|project|Totals| |COST||||| |At 1 January 2020 and 31December 2020|69735|84980|116,863|271 578| |AMORT ISATION||||| |At 1 January 2020
Charge for year|20,000
8000|84,980|116,863|221,843
8,000| |At 31December 2020|28 000|84980|116863|229 843| |NET BOOK VALUE||||| |At 31December 2020|41,735|||41 735| |At 31December 2019|49,735|||49,735| |INTANGIBLE FIXEDASSETS(CHARITY)||||| |||Maternal||| ||Taunts|Traits|TSB|| |COST|database
6|project|project
I|Totals
I| |At 1 January 2020 and 31December 2020|~69735|~84980|116863|271 578| |AMORT ISATION||||| |At 1 January 2020
Charge for year|20,000
8 000|84,980|116,863|221,843
8 000| |At 31December 2020|28000|84 980|116863|229 843| |NET BOOK VALUE||||| |At 31December 2020|41,735|||41,735| |At 31December 2019|49,735|||49,735| ## |TANGIBLE FIXEDASS|ETS(GROUP)||||| |---|---|---|---|---|---| |||Fixtures|||| ||Freehold|and|Motor|Computer|| |COST
At 1 January 2020
Additions
Disposals|property
g
1,073,689|fittings
34,142
~14438)|vehicles
K
21,675|equipment
6
146,721
1,590
~80480|Totals
1,254,552
23,265
~94,918)| |At 31December 2020|~1073,689|19704|21,675|67831|1,182,899| |DEPRECIATION|||||| |At 1 January 2020
Charge for year
Eliminated
on disposal|99,298
18,369|33,966
125
~34439|5,419|137,026
4,235
~80,372)|270,290
28,148
~94,811)| |At 31December 2020|117667|19,652|5,419|60,889|203 627| |NET BOOK VALUE|||||| |At 31December 2020|956,022|52|16256|6,942|979272| |At 31December 2019|974,391|176||9695|984262| ## |TANGIBLE FIXEDASSE|TS(CHARITY)||||| |---|---|---|---|---|---| |||Fixtures|||| ||Freehold
properly|and
fittings|Motor
vehicles|Computer
equipment|Totals| |COST||6|||6| |At 1 January 2020
Additions
Disposals|1,073,689|34,142
~34438|21,675|127,304
1,591
~80,480)|1,235,135
23,266
~94918| |At 31December 2020|I 073 689|19704|21 675|48,415|1 163483| |DEPRECIATION|||||| |At 1 January 2020
Charge for year
Eliminated
on disposal|99,298
18,369|33,966
125
~14439)|5,419|117,610
4,235
~80,372)|250,874
28,148
~94811| |At 31December 2020|117667|19652|5419|41473|184211| |NET BOOK VALUE|||||| |At 31December 2020|956,022|52|16,256|6942|979272| |At 31December 2019|974391|176||9,694|984,261| ## ||2020|2019| |---|---|---| |Shares||| |Other|1,596,731
236 821|1,500,700
300906| ||1 833552|1 801 606| ## |Additional
information
as follows:|| |---|---| ||Listed| ||investments| |MARKET VALUE|| |At 1 January 2020
Additions|1,500,700| |Disposals
Revaluations|204,491
(128,553)| ||20,093| |At 31December 2020|1 596,731| |NKT BOOK VALUE|| |At 31December 2020|1,596,731| |At 31December 2019|1500,700| ## ## |||2020|2019| |---|---|---|---| |Cash
Cups|deposits
and trophies|f,
232,821
4 000|296,906
4,000| |||236,821|300,906| ## ||2020|2019| |---|---|---| |Shares|6|f.| |Other|1,596,731|1,500,700| ||262 321|326,406| ||1 859,052|1,827,106| ||||Listed| |---|---|---|---| ||||investments| |MARKET VALUE|||f.| |At 1 January 2020
Additions|||1,500,700| |Disposals
Revaluations|||204,491
(128,553)| ||||20 093| |At 31December 2020|||1 596,731| |NET BOOK VALUE|||| |At 31December 2020|||1 596,731| |At 31December 2019|||1,500700| |There were no investment|assets outside the UK.||| |Investments
(neither listed|nor unlisted) were as follows:||| |||2020|2019| |Investment
in subsidiary
Cash deposits
Cups and trophies||6
25,500
232,821
4 000|6
25,500
296,906
4 000| |||2~|~2| ## ## ## ## ||Semenstore
Limited|Semenstore
Limited|||| |---|---|---|---|---|---| ||Registered office: United Kingdom||||| ||Nature ofbusiness: Commission|on sale ofsemen|||| ||Class ofshare:||holding||| ||Ordinary||100||| |||||2020|2019| ||Aggregate
capital and reserves
Loss for the year|||25,284
~132|6
25,146| ||Taurus Agridirect Limited||||| ||Registered office: United Kingdom||||| ||Nature ofbusiness: Dormant||||| ||Class ofshare:||holding||| ||Ordinary||100||| |||||2020|2019| ||Aggregate
capital and reserves
Loss for the year|||2,059|2,059
~57| |16.|STOCKS (GROUP)||||| |||||2020|2019| ||Stocks
Finished goods|||2,760
5754|g
2,760
9,288| |||||8,514|12,048| |16A.|STOCKS (CHARITY)||||| |||||2020|2019| ||Finished goods|||5
5,754|6
9,288| ## |17.|STATEMENTS-C
FOR THE YEAR ENDED 31DECEMBER 2020
A COMPANY LIMITED BYGUARANTEE
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR (GROUP)|NTINUED|| |---|---|---|---| |||2020|2019| ||Trade debtors
Other debtors
Prepayments
and accrued income|g
217,757
158
38253|205,038
200
14998| |||256 168|220,236| |17A.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR (CHARITY)||| |||2020|2019| ||Trade debtors
Amounts
owed by group undertakings
Other debtors
Prepayments
and accrued income|214,586
128,385
158
37927|201,936
89,385
14451| |18.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR (GROUP)||| |||2020|2019| ||Trade creditors
Tax|64,961|116,379| ||Social security and other taxes
Other creditors
Accruals and deferred income|45,542
266417|21
29,486
180
201415| |||376920|347481| ## ## ## |CREDITORS: AMOUNTS FALLING DUE WITHIN O|NE YEAR (CHARITY)|| |---|---|---| ||2020|2019| |Trade creditors
Amounts
owed to group undertakings
Social security and other taxes
Other creditors
Accruals and deferred income|260 200
6
48,098
137
43,280|99,835
137
26,929
180
194487| ## |MOVEMENT|INFUNDS|||| |---|---|---|---|---| ||||Net|| ||||movement|At| |||At 1.1.20|in funds|31.12.20| |Unrestricted|funds|||| |General fund||2,933,038|129,158|3,062,196| |TOTAL FUNDS||~2933038|129 158|3 062 196| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |Unrestricted|funds|||8|| |General fund||999,403|(890,338)|20,093|129,158| |TOTAL FUNDS||999403||20,093|129,158| ## ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.1.19|in funds|31.12.19| |Unrestricted|funds|||| |General fund||2,852,508|80,530|2,933,038| |TOTAL FUNDS||2 852 508|80,530|2 933038| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |Unrestricted|funds|||f.|| |General fund||1,000,395|(1,130,330)|210,465|80,530| |TOTALFUNDS|||||| ## ## ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.1.19|in funds|31.12.20| |Unrestricted|funds|6||| |General fund||2,852,508|209,688|3,062,196| |TOTALFUNDS||2 852,508|209,688|3062 196| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |Unrestricted|funds|8||6|8| |General fund||1,999,798|(2,020,668)|230,558|209,688| |TOTAL FUNDS||1,999798|(2~020668|230 558|209 688| ## ## ##