2022-06-30-accounts - The British Simmental Cattle Society Limited

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Reference	and administration	and administration	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
				CVB 2LG
Delegated	Management:			I Kerr
Council Members:				W 5Stronach (President)
				AN Robson (Vice President)
				C Martindale (Chairman of			Finance)
				M Durno (Chairman	ofShows 8 Sales North)
				KThomas (Chairman	of Shows			&Sales South)
				1Boyd (WSFF Representative:				Re-appointed)
				BWynter
				RStorer Smith
				A Ivory
				DJones
				A Clarke
				J Barlow (Appointed	18/10/21)
				I Willison (Appointed	18/10/21)
				J Moore (Resigned 18/10/21)
				M Barlow (Resigned	18/10/21)
				S Key (Resigned 18/10/21)
All council	members		are also trustees	and directors ofthe	charity.
Accountants:				Burgis & Bullock Chartered			Accountants
				23-25Waterloo Place
				Leamington Spa
				Warwickshire
				CV32 SLA
Bankers:				Barclays Bank pic, Kent
Solicitors:				Wright Hassall, Leamington			Spa

				THE BRITISH SIMMENTAL	THE BRITISH SIMMENTAL	THE BRITISH SIMMENTAL	CATTLE SOCIETY	CATTLE SOCIETY	LIMITED
STATEMENT OF			FINANCIAL ACTIVITIES INCLUDING					INCOME AND	EXPENDITURE	ACCOUNT FOR
					THE	YEAR ENDED 30JUNE 2022
						Notes		2022	2022	2021
							Unrestricted		Total	Tatal
								g	6	f
Incoming resources
Voluntary income
Members subscriptions								51,051	51,051	51,410
Gift aid								7,276	7,276	7,613
Activities togenerate funds
Commission received								29,773	29,773	15,280
Advertisements								4,300	4,300
Publications								17,476	17,476	20,275
Shows and demonstrations
Promotional goods								333	333	666
Investment income								17,405	17,405	17,184
Administration services								9,209	9,209	11,007
Interest received										33
Charitable activities
Registrations and ONA kits								292,882	292,882	255,289
Transfers								12,764	12,764	13,323
Bull levies								16,816	16,816	18,838
ABRI —performance recording								34,560	34,560	35,390
Other incoming resources
Sundry income								92	92	512
Total incoming resources								493,937	493,937	446,820
Resources expended
Costs ofgenerating funds
Advertising and breed promotion								31,633	31,633	35,365
Advertising								34,036	34,036	15,887
Shows and demonstrations								41,989	41,989	8,046
Allocations to area clubs								2,218	2,218	300
Promotional goods								2„704	2,704	6,448
Subscriptions and conference fees								1,183	1,183	1,211
Charitable activities
Technical developments	and website							33,731	33,731	24,599
Administration of registrations								87,978	87,978	84,403
Bull levy payments								12,154	12,154	12,243
Support costs
Staff salaries, national insurance			and subcontractors'		fees			136,351	136,351	143,141
Travel and expenses
Computer costs								780	780	332
Office running costs								41,879	41,879	40,101
Building demolition costs								23,960	23,960
50th Anniversary Costs										374
Accounting and other professional				charges				14,834	14,834	14,177
Depreciation								9,139	9,139	1,815
Governance coats
Independent examination								4,900	4,900	4,600
Council travel and expenses										2,415
Total resources expended								479,469	479,469	395,457
Net incoming/outgoing	resources							14,468	14,468	51,363
Gains / (losses) on investment		assets
Realised								-5,308	-5,308	-2,514
Net income/(expenditure)	for	the		year				9,160	9,160	48,849
Unrealised								-71,169	-71,169	56,361
Net movements in funds								-62,009	-62,009	105,210
Transfer between fund
Total funds brought forward								877,569	877,569	772,359
Total funds carried forward								815,560	815,560	877,569

			2022	2022	2021
			Unrestricted	Total	Total
Incoming resources			493,937	493,937	446,820
Resources expended			479,469	479,469	395,457
Net incoming resources			14,468	14,468	51,363
Gains / (losses) on	investment	assets
Realised			-5,308	-5,308	-2,514
Unrealised			-71,169	-71,169	56,361
Net movements in	funds		-62,009	-62,009	105,210
Transfer between	funds
Total funds brought forward			877,569	877,569	772,359
Total funds carried	forward		815,560	815,560	877,569

				THE BRITISH SIMMENTAL	THE BRITISH SIMMENTAL	THE BRITISH SIMMENTAL	CATTLE SOCIETY	CATTLE SOCIETY	LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING								INCOME AND	EXPENDITURE	ACCOUNT FOR
					THE	YEAR ENDED 30JUNE 2021
						Notes		2021	2021	2021		2020
							Unrestricted		Restricted	Total	Total
								E	E	E
Incoming resources
Voluntary income
Members subscriptions								51,410		51,410		52,037
Gift aid								7,613		7,613		8,208
Activities togenerate	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
Traveland 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
Total resources expended								395,457		395,457		475,090
Net incoming/outgoing		resources						51,363		51,363		-27,491
Gains / Ilosses) 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
Total funds brought forward		772,528	-169	772,359	820,386
Total funds carried forward		877,569		877,569	772,359

								Page 10
				THE BRITISH SIMMENTAL CATTLE SOCIETY		LIIVIITED
				BALANCE SHEET
				AS AT 30JUNE 2022
				Notes	2022			2021
Fixed assets
Tangible assets						29,312		4,646
Investments						642,778		718,304
						672,090		722,950
Current assets
Debtors					94,766		86,924
Cash at bank		and in	hand		152,205		133,679
					246,971		220,603
Creditors: amounts			falling due
within one	year			10	(84,470)		(65,984)
amounts falling due			greater than
one year					(19,031)
Net current		assets				143,470		154,619
Net assets						815,560		877,569
Funds
Unrestricted
Unrestricted		funds		13		725,123		788,287
Designated	funds			13		90,437		89,282
Restricted funds				13
						815,560		877,569

	Net income					2022	2021
						E	E
	This is stated	after	charging:
	Depreciation	oftangible		fixed	assets	9,139	1,815
	Operating lease costs					5,789	5,789
	Independent	examiner's		remuneration		4,900	4,600
4	Staff costs					2022	2021
						E	E
	Salaries (including		temporary		staff)	117,274	109,630
	Social security	costs				8,120	4,974
	Pension costs					4,010	3,652
						129,404	118,256

4	Staff costs (continued)
	The average weekly number		of	persons		employed		by			2022	2021
	the association during the	year		was:							Number	Number
	Administration
	No employee received emoluments				of more		than	f60,000
	Independent examiners'	remuneration
											2022	2021
	Fees payable to the company's			examiner		and its		associates:			E	E
	For independent examination			services
	Independent examination	of	the company's				financial		statements		4,900	4,600
	For other services
	Accountancy services										7,759	7,726
6	Tangible fixed assets
									Office
								fixtures &		Computer	Motor
								equipment		equipment	Vehicles	Total
										E	E
	Cost
	At 1July 2021								75,285	98,584		173,869
	Additions									4,315	29,490	33,805
	Disposals
	At 30June 2022								75,285	102,899	29,490	207,674
	Depreciation
	At 1July 2021								73,393	95,830		169,223
	Charge for the year								582	1,799	6,758	9,139
	On disposals
	At 30June 2022								73,975	97,629	6,758	178,362
	Net book value
	At 30June 2022								1,310	5,270	22,732	29,312
	At 30June 2021								1,892	2,754		4,646

Investments
			2022	2021
			f	E
Listed investments	held 1July 2021		718,303	647,460
Purchases at cost			163,851	385,267
Sales proceeds			(162,900)	(367,594)
Realised (losses) sales			(5,308)	(2,514)
Unrealised gains /(losses) on revaluation		to market value	(71,169)	55,684
Listed investments	held on 30June 2022		642,777	718,303
Shares in Breedline	Services Limited		1	1
			642,778	718,304

Financial instruments
										2022	2021
Carrying amount offinancial			assets								E
instruments measured	atfair		value through		netincome/expenditure
Listed investments										642,777	718,303
Fixed asset investments	are	subject to normal				market	risks associated		with the	holding oflisted	investments.
The fixed asset investments		are managed		by		professional		investment	managers.
Debtors										2022	2021
										E
Debtors										54,839	52,028
Prepayments										25,676	27,175
Other debtors										14,251	7,721
										94,766	86,924

Creditors: amounts	Creditors: amounts	falling due within one year	2022	2021
			E	E
Trade Creditors			26,031	23,185
Income received	in	advance	10,399	4,501
Value added tax			9,858	10,257
Accruals			31,410	25,950
PAYE			1,820	2,091
Other Creditors			672
Lease Liability			4,280
			84,470	65,984

Creditors: amounts	falling due greater than one year	2022f	2021 E
Lease Liability		19,031
		19,031
Included within creditors are lease liabilities totalling E19,031which		are secured over the assets to which they
relate.

Deferred	income				2022	2021
					E
Total deferred income at 1July			2021		4,501	4,671
Amounts	received	in year			10,399	4,501
Amounts	credited	to statement	offinancial	activities	(4,501)	(4,671)
Total deferred income at 30June 2022					10,399	4,501

Analysis offunds	Analysis offunds
						Transfers
		At	Incoming	Resources	Investment	between	At
		01.07.21	resources	expended	gains	funds	30.06.22
Unrestricted	funds:	E	E	E	E	E	E
General fund		788,287	493,937	(479,469)	(76,477)	(1,155)	725,123
Designated funds:
Life Members	fund	89,282				1,155	90,437
Restricted funds
Young members
		877,569	493,937	(479,469)	(76,477)		815,560

non-cancellable operating leases, which fall due as follows	:
	2022	2021
	E	E
Land and buildings
Within one year	3,590	3,590
Between two and five years	14,360	14,360
Over five years	42,781	46,371
	60,731	64,321
Office equipment
Within one year	2,199	2,199
Between two and five years	1,099	3,297
	3,298	5,496