2021-06-30-accounts - The British Simmental Cattle Society Limited

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		REPORT	REPORT	OF THE COUNCIL FOR THE YEAR ENDED 30JUNE 2021	OF THE COUNCIL FOR THE YEAR ENDED 30JUNE 2021	OF THE COUNCIL FOR THE YEAR ENDED 30JUNE 2021	OF THE COUNCIL FOR THE YEAR ENDED 30JUNE 2021
The Council present		their report and		financial statements for the year ended 30June 2021.
Reference	and administration		information
Charity name:				The British Simmental Cattle	Society Limited.
Charity registration		number:		264090
Company	registration number:			0985570
Registered	office and operational			The National Agricultural Centre
address:				Stoneleigh Park
				Kenilworth
				Warwickshire
				CV8 2LG
Delegated	Management:			I Kerr
Council Members;				W SStronach (President)
				A N Robson (Vice President; Co-opted 26/10/20)
				J Moore (Chairman of Finance)
				C Martindale (Vice Chairman	of Finance;	Appointed	26/10/20)
				M Barlow (World Simmental	Federation	Representative)
				S Key (Chairman ofShows RSales South)
				M Durno (Chairman ofShows	RSales North)
				BWynter
				RStorer Smith (Appointed 26/10/20)
				KThomas (Appointed 26/10/20)
				R Boyd (Re-Appointed 26/10/20)
				A Ivory (Appointed 26/10/20)
				DJones (Appointed 26/10/20)
				A Clarke (Appointed 26/10/20)
				JTallentire (Resigned 26/10/20)
				A Davies (Resigned 26/10/20)
All council	members	are also trustees		and directors ofthe charity.
Accountants:				Burgis L Bullock Chartered Accountants
				23-25 Waterloo Place
				Leamington Spa
				Warwickshire
				CV32 SLA
Bankers:				Barclays Bank pic, Kent
Solicitors:				Wright Hassall, Leamington	Spa

					THE	YEAR EN	DED 30JUNE 2021
						Notes	2021	2021	2021		2020
							Unrestricted	Restricted	Total	Total
							f	6
Incoming resources
Voluntary income
Members subscriptions							51,410		51,410		52,037
Gift aid							7,613		7,613		8,208
Activities to generate	funds
Commission received							15,280		15,280		14,551
Advertisements											250
Publications							20,275		20,275		13,299
Shows and demonstrations											460
Promotional goods							666		666		1,285
Investment income							17,184		17,184		20,003
Administration services							11,007		11,007		28,788
Interest received							33		33		216
Charitable activities
Registrations and DNA	kits						255,289		255,289		234,455
Transfers							13,323		13,323		12,843
Bull levies							18,838		18,838		18,859
ABRI —performance recording							35,390		35,390		40,784
Other incoming resources
Sundry income							512		512		1,561
Total incoming resources							446,820		446,820		447,599
Resources expended
Costs ofgenerating funds
Advertising and breed	promotion						35,365		35,365		32,468
Advertising							15,887		15,887		4,183
Shows and demonstrations							8,046		8,046		56,845
Allocations to area clubs							300		300		10,004
Promotional goods							6,448		6,448		1,326
Subscriptions and conference fees							1,211		1,211		1,282
Charitable activities
Technical developments		and website					24,599		24,599		24,797
Administration of registrations							84,403		84,403		36,913
Bull levy payments							12,243		12,243		14,818
Support costs
Staff salaries, national	insurance		and subcontractors'		fees		143,141		143,141		184,192
Travel and expenses											150
Computer costs							332		332		325
Office running costs							40,101		40,101		61,917
50th Anniversary Costs							374		374		290
Accounting and other	professional			charges			14,177		14,177		33,758
Depreciation							1,815		1,815		3,642
Governance costs
Independent examination							4,600		4,600		4,500
Council travel and expenses							2,415		2,415		3,680
Totalresources expended							395,457		395,457		475,090
Net incoming/outgoing		resources					51,363		51,363		-27,491
Gains / (losses) on investment			assets
Realised							-2,514		-2,514		-1,516
Net income/(expenditure)		for	the	year			48,849		48,849		-29,007
Unrealised							56,361		56,361		-19,020
Net movements in funds							105,210		105,210		-48,027
Transfer between fund							-169	169
Total funds brought forward							772,528	-169	772,359		820,386
Total funds carried forward							877,569		877,569		772,359

		2021	2021	2021	2020
		Unrestricted	Restricted	Total	Total
Incoming resources		446,820		446,820	447,599
Resources expended		395,457		395,457	475,090
Net incoming resources		51,363		51,363	-27,491
Gains / (losses) on investment	assets
Realised		-2,514		-2,514	-1,516
Unrealised		56,361		56,361	-19,020
Net movements in funds		105,210		105,210	-48,027
Transfer between funds		-169	169		820,386
Total funds brought forward		772,528	-169	772,359	820,386
Total funds carried forward		877,569		677,569	772,359

										Page	8
					THE BRITISH SIMMENTAL CATTLE SOCIETY			LIMITED
STATEMENT OF				FINANCIAL ACTIVITIES INCLUDING			INCOME AND	EXPENDITURE	ACCOUNT FOR
					THE YEAR ENDED 30JUNE		2021 (CONTINUED}
Prior Financial Year						Notes	2020	2020			2019
						Unrestricted		Restricted		Total
							6
Incoming resources
Voluntary income
Members subscriptions							52,037		52,037		54,578
Gift aid							8,208		8,208		8,376
Activities togenerate funds
Commission received							14,551		14,551		23,648
Advertisements							250		250
Publications							13,299		13,299		19,325
Shows and demonstrations							460		460		80
Promotional goods							1,285		1,285		1,555
Investment income							20,003		20,003		22,459
Administration services							28,788		28,788		21,354
Interest received							216		216		270
Charitable activities
Registrations and DNA	kits						234,455		234,455		239,193
Transfers							12,843		12,843		13,314
Bull levies							18,859		18,859		20,992
ABRI —performance recording							40,784		40,784		40,808
Other incoming resources
Sundry income							1,561		1,561		7,176
Totalincoming resources							447,599		447,599		473,128
Resources expended
Costs ofgenerating funds
Advertising and breed	promotion						32,468		32,468		28,027
Advertising							4,183		4,183		5,019
Shows and demonstrations							56,845		56,845		123,626
Allocations to area clubs							10,004		10,004		9,863
Promotional goods							1,326		1,326		1,819
Subscriptions and conference fees							1,282		1,282		93
Charitable activities
Technical developments		and website					24,797		24,797		31,777
Administration ofregistrations							36,913		36,913		28,185
Bull levy payments							14,818		14,818		15,786
Support costs
Staff salaries, national	insurance			and subcontractors		fees.	184,192		184,192		172,425
Travel and expenses							150		150		866
Computer costs							325		325		2,668
Office running costs							61,917		61,917		48,502
50th Anniversary Costs							290		290		1,116
Accounting and other professional					charges		33,758		33,758		14,211
Depreciation							3,642		3,642		5,069
Governance costs
Audit / independent examination							4,500		4,500		4,500
Council travel and expenses							3,680		3,680		6,718
Total resources expended							475,090		475,090		500,270
Net incoming/outgoing		resources					-27,491		-27,491		-27,142
Gains / (losses) on investment			assets
Realised							-1,516		-1,516		-724
Net income/(expenditure)		for	the		year		-29,007		-29,007		-27,866
Unrealised							-19,020		-19,020		13,334
Net movements in funds							-48,027		-48,027		-14,532
Transfer between funds
Total funds brought forward							820,555	-169	820,386		834,918
Total funds carried forward							772,528	-169	772,359		820,386

Prior Financial Year
		Notes	2020	2020	2020	2019
			Unrestricted	Restricted	Total	Total
Incoming resources			447,599		447,599	473,128
Resources expended			475,090		475,090	500,270
Net incoming resources			-27,491		-27,491	-27,142
Gains / (losses) on investment	assets
Realised			-1,516		-1,516	-724
Unrealised			-19,020		-19,020	13,334
Net movements in funds			-48,027		-48,027	-14,532
Total funds brought forward			820,555	-169	820,386	834,918
Total funds carried forward			772,528	-169	772,359	820,386

Net Income					2021	2020
					E	f
This is stated	after	charging:
Depreciation	oftangible		fixed	assets	1,815	3,642
Operating lease costs					5,789	11,504
Independent	examiner's		remuneration		4,600	4,500
Staffcosts					2021	2020
					E	f
Salaries (including		temporary		staff)	109,630	55,734
Social security	costs				4,974	2,358
Pension costs					3,652	2,046
					118,256	60,138

	The average weekly number of	The average weekly number of	persons	persons	employed	employed	by		2021	2020
	the association during the	year	was:						Number	Number
	Administration
	No employee received emoluments			ofmore		than	f60,000
	Independent examiners'	remuneration
									2021	2020
	Fees payable to the company's		examiner		and its		associates:		E	f
	For independent examination		services
	Independent examination	ofthe company's				financial statements			4,600	4,500
	Forother services
	Accountancy services								7,726	9,273
6	Tangible fixed assets
								Office
								fixtures &	Computer
								equipment	equipmentf	Total E
	Cost
	At 1July 2020							75,285	96,905	172,190
	Additions								1,679	1,679
	Disposals
	At 30June 2021							75,285	98,584	173,869
	Depreciation
	At 1July 2020							72,811	94,597	167,408
	Charge for the year							582	1,233	1,815
	On disposals
	At 30June 2021							73,393	95,830	169,223
	Net book value
	At 30June 2021							1,892	2,754	4,646
	At 30June 2020							2,474	2,308	4,782

Investments
				2021	2020
				f	f
Listed investments	held 1July 2020			647,460	662,219
Purchases at cost				385,267	144,703
Sales proceeds				(367,594)	(138„926)
Realised (losses) sales				(2,514)	(1,516)
Unrealised gains /(losses)		on revaluation	to market value	55,684	(19,020)
Listed investments	held on 30June 2021			718,303	647,460
Shares in Breedline	Services Limited			1	1
				718,304	647,461

Financial instrume	nt	s
									2021	2020
Carrying amount	offinancial assets								f	f
Instruments measured			atfair value through net income/expenditure
Listed investments									718,303	647,460
Fixed asset investments			are subject to normal		market	risks associated		with the	holding of listed	investments.
The fixed asset investments are managed				by	professional		investment	managers.
Debtors									2021	2020
									f	f
Debtors									52,028	40,220
Prepayments									27,175	28,585
Other debtors									7,721	8,485
									86,924	77,290
Creditors: amounts		falling due within one year							2021	2020
									f	f
Trade Creditors									23,185	34,901
Income received	in	advance							4,501	4,671
Value added tax									10,257	13,710
Accruals									25,950	21,436
PAVE									2,091	667
									65,984	75,385


Deferred	income				2021	2020
					f	f
Total deferred income at 1July			2020		4,671	4,698
Amounts	received	in year			4,501	4,671
Amounts	credited	to statement	offinancial	activities	(4,671)	(4,698)
Total deferred income at 30June 2021					4,501	4,671

nalysis offun	ds
						Transfers
		At	Incoming	Resources	Investment	between	At
		01.07.20	resources	expended	gains	funds	30.06.21
Unrestricted	funds:	f	f	f	f	f	f
General fund		683,784	446,820	(395,457)	53,847	(707)	788,287
Designated funds:
Building fund
Life Members	fund	88,744				538	89,282
Restricted funds
Young members		(169)				169
		772,359	446,820	(395,457)	53,847		877,569

non-cancellable operating leases, which fall due as follows	:
	2021	2020
	f	E
Land and buildings
Within one year	3,590	3,590
Between two and five years	14,360	14,360
Over five years	46,371	49,961
	64,321	67,911
Office equipment
Within one year	2,199	2,199
Between two and five years	3,297	5,469
	5,496	7,668