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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|||
##
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||||||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|
##
|||Notes|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|
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|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|
##
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|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|
##
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|---|---|---|---|---|---|---|
|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|
##
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|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|
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