**REGISTERED COMPANY NUMBER: 00480001 (England and Wales) REGISTERED CHARITY NUMBER: 271147**
## **British Cattle Breeders Club Ltd**
**Report of the Trustees and**
**Unaudited Financial Statements**
**for the Year Ended 30 September 2021**
R T Marke & Co Ltd Chartered Accountants 69 High Street Bideford Devon EX39 2AT
**Contents of the Financial Statements for the Year Ended 30 September 2021**
## **British Cattle Breeders Club Ltd**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Balance Sheet**|8|to|9|
|**Notes to the Financial Statements**|10|to|16|
|**Detailed Statement of Financial Activities**|17|to|18|
## **British Cattle Breeders Club Ltd (Registered number: 00480001)**
## **Report of the Trustees for the Year Ended 30 September 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
To improve the breeding of livestock by promoting knowledge, by collecting, collating and distributing available information and data of practical and scientific interest, by promoting the exchange of all such information and data amongst breeders of cattle at home and overseas, and by doing all other things incidental or conducive to the attainment of these objects. To further these objects by ensuring a continued balance between practicality and science in every objective with focus on the encouragement of both experience and youth throughout both the structure and activities of the club.
The principal funding sources for the charity are members' subscriptions, conference fees and sponsorship.
The main objectives for the year were to run a successful conference and maintain membership numbers in the face of financial pressures in the agricultural sector.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The company is a registered charity and exists to improve the breeding of livestock by promoting knowledge, and by collecting, collating and distributing the available information. In the financial year in question the Club ran a successful virtual conference and produced the proceedings (called the Digest) which was widely circulated electronically with a few copies printed and posted to those members without email access. The website contains recent Digests and past Digests continue to be added from our archive.
The committee have recently implemented a student membership rate of £25 and membership enrolment is now available on the charity's website.
The 2021 virtual conference was a huge success with over 800 people registering to view the presentations. Going virtual was attractive to students with a large proportion of the delegates registering from 8 different colleges/universities. The virtual element gives delegates the flexibility to view on demand after the event, and gave delegates the option on the day to dip in a out as required.
The virtual AGM was well received with a good number of attendees.
Due to various reasons the committee have not committed to a printed newsletter within the Cattle Breeder magazine. The trustees would like to thank the publishers of the magazine, Shepherd Publishing, for continuing to support BCBC by continuing to add 2 or 3 pages about the club and conference in the main Spring and Autumn issues. The committee continue to expand production of E-Newsletters and online information via social media and the website to keep members updated more regularly.
Despite the clubs face to face activities not being able to take place this year, we have continued to promote the club and what we do and have worked in conjunction with key sponsers and other organisations on a number of successful online events.
The membership stood at 348 at 30 September 2021 and the committee are actively taking steps to increase membership.
Page 1
**British Cattle Breeders Club Ltd (Registered number: 00480001)**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **ACHIEVEMENT AND PERFORMANCE**
## **Summary of the measures used to assess performance/success of achievements**
Success is measured through delegate and member feedback received from the conference, which relates to the content of the virtual 2021 conference and its relevance to the industry. The consistency of the club members, relating to renewed members and new members over the year is monitored plus the members not renewed and the reasons why. The consistency of the delegate numbers attending the conference is also assessed.
## **Financial effect of significant events**
The conference surplus this year was £18,153 which then assists the running of the club for the next year. There were no other significant financial events during the year.
## **Factors likely to significantly affect the financial performance or position**
Due to the impact of Covid-19, the conference held early in 2021 was switched from its usual hotel based format to an online event. The Trustees carefully planned the organisation of this virtual conference which was very successful.
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
The charity previously invested surplus funds in National Savings Bonds, a low risk investment considered to be appropriate for its requirements. The return on these was reviewed during the year in question and was considered to be insufficient leading to the withdrawal of these funds pending reinvestment with Shawbrook Bank.
## **Reserves policy**
The net expenditure for the year amounted to £104 (2020 - net incoming resources of £133), all of which was the amount attributable to general reserves, which now stand at £46,653 (2020 - £46,757).
The Trustees consider the charity's funds to be adequate to fulfil its charitable objectives.
The management committee have established a policy whereby surplus funds not committed are to be held as unrestricted funds.
## **FUTURE PLANS**
The clubs aims and objectives are to continue presenting and distributing available information and data of practical and scientific interest to the industry to improve the breeding of livestock. The activities through which these aims and objectives can be met are the annual conference where papers are presented by scientists, veterinarians, breeders and industry representatives, with the presence of International speakers.
To continue the promotion of knowledge with the Digest publication distributed shortly after the conference. Further promotion of knowledge to a wider audience is available electronically. This is done through visits to research facilities and farms, where practical, and further collaboration with other UK based scientific organisations.
The charity Trustees' continue to add individual experiences, knowledge and guidance to the club, enabling the club to move forward, influencing new ideas in promoting knowledge through the means available. Previous activities are reviewed on a regular basis with adjustments made as required to suit the charity's needs.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The organisation is a charitable company limited by guarantee, incorporated on 24 March 1950. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
## **Recruitment and appointment of committee members**
Members of the Management Committee are nominated and appointed at the annual general meeting. Members serve for a four year term before resigning and can be reappointed to serve a second term.
Page 2
## **British Cattle Breeders Club Ltd (Registered number: 00480001)**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The Management Committee meet a minimum of three times per year when major decisions concerning the club are made. The day to day running of the club is delegated to the company secretary, Ms Heidi Bradbury.
## **Induction and training of new trustees**
Prior to attending their first management committee meeting, new trustees are provided with the following documents:
- Memorandum and Articles of Association of the British Cattle Breeders Club Ltd
- British Cattle Breeders Club Ltd Management Committee Rules, Conventions and Standing Orders
- British Cattle Breeders Club Ltd Byelaws
- Roles and Responsibilities of the British Cattle Breeders Club Ltd Office Bearers and Meeting Procedures
- CC3 Charity Commission for England & Wales Responsibilities of Charity Trustees
- Minutes of previous management committee meetings
- Expenses claim form
- Conflict of Interest Policy & Declaration of Interests.
## **Key management remuneration**
The directors consider the Management Committee, who are also the Club's trustees, to be the key management personnel in charge of directing and controlling the Club. All directors give their time freely and no director received remuneration in the year. Details of directors' expenses and related party transactions are disclosed in notes 6 and 12 to the accounts.
The pay of senior staff is arranged by the Steering Group, looking at the general performance of key management personnel, through the success of the charity's conference and general duties surrounding the administration of the club and activities.
## **Public benefit statement**
As trustees of the charity we have complied with the duty in Section 17 of the 2011 Charities Act to have due regard to guidance published by the Charity Commission.
The charity aims to link practical cattle breeding with science, to improve the quality and productivity of cattle breeding to benefit UK dairy and beef production by means of a conference, farm walks and publications and via electronic communication including social media and newsletter.
Publications are circulated to members, sections of the agricultural industry and the libraries of the universities and agricultural colleges as well as published on the internet. This information is provided free of charge to agricultural colleges, and so benefits the public by broadening access to information that improves the qualitative and quantitative aspects of UK beef and dairy production.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The management committee has conducted its own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimized by the implementation of procedures for authorization of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
The usual policy of the charity is to put in place insurance to cover costs in the event of a conference being cancelled. Due to the virtual nature of the 2021 conference, no insurance was purchased for this event.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
00480001 (England and Wales)
Page 3
## **British Cattle Breeders Club Ltd (Registered number: 00480001)**
## **Report of the Trustees for the Year Ended 30 September 2021**
**Registered Charity number** 271147
## **Registered office**
Underhill Farm Glutton Bridge Earl Sterndale Buxton Derbyshire SK17 0RN
## **Trustees**
Dr K Wonnacott Chairman Mrs A Hughes Vice-Chairman Mr C Brown Past Chairman Mr A Dodd Treasurer Mrs L Andrews-Noden Mr C Askew Dr A Brown (appointed 2.2.21) Dr T J Byrne Mr T M Gue Mr B Harman (appointed 2.2.21) Mr A King Mr R Martin Ms F Pearston Mrs M Roberts Mr J Roskell (appointed 2.2.21) Mrs A Westland Mr H Richardson Ass. Treasurer Co-Opted (resigned 2.2.21) Mr J Shouler Co-Opted (appointed 2.2.21) Mr R Williams Co-Opted (appointed 2.2.21) Mr A Wilson Co-Opted (appointed 2.2.21) Dr G Evans (resigned 2.2.21) Mr L Loxam (resigned 2.2.21)
## **Company Secretary**
Ms H Bradbury
## **Independent Examiner**
Edward Meardon FCA R T Marke & Co Ltd Chartered Accountants 69 High Street Bideford Devon EX39 2AT
## **President**
Professor M Coffey
Page 4
## **British Cattle Breeders Club Ltd (Registered number: 00480001)**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **RESPONSIBILITIES OF THE DIRECTORS**
The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Principles.
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the management committee should follow best practice and:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Management Committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are also responsible for the maintenance and integrity of the corporate and financial information included on the company's website.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 2 February 2022 and signed on its behalf by:
Dr K Wonnacott - Trustee
Page 5
**Independent Examiner's Report to the Trustees of British Cattle Breeders Club Ltd**
## **Independent examiner's report to the trustees of British Cattle Breeders Club Ltd ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Edward Meardon FCA R T Marke & Co Ltd Chartered Accountants 69 High Street Bideford Devon EX39 2AT
17 February 2022
Page 6
## **British Cattle Breeders Club Ltd**
## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 September 2021**
|**2021**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Charitable activities
**27,085**
Investment income
2
**97**
**Total**
**27,182**
**EXPENDITURE ON**
**Charitable activities**
3
Charitable activities
**24,443**
Other
**2,843**
**Total**
**27,286**
**NET INCOME/(EXPENDITURE)**
**(104)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**46,757**
**TOTAL FUNDS CARRIED FORWARD**
**46,653**|2020
Total
funds
£
54,135
432|
|---|---|
||54,567
51,731
2,703|
||54,434|
||133
46,624|
||46,757|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 7
## **British Cattle Breeders Club Ltd (Registered number: 00480001)**
## **Balance Sheet 30 September 2021**
|**2021**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Investments
9
**-**
**CURRENT ASSETS**
Cash at bank
**49,169**
**CREDITORS**
Amounts falling due within one year
10
**(2,516)**
**NET CURRENT ASSETS**
**46,653**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**46,653**
**NET ASSETS**
**46,653**
**FUNDS**
11
Unrestricted funds
**46,653**
**TOTAL FUNDS**
**46,653**|2020
Total
funds
£
37,500
11,653
(2,396)
9,257
46,757
46,757
46,757
46,757|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.
## The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 8
## **British Cattle Breeders Club Ltd (Registered number: 00480001)**
## **Balance Sheet - continued**
## **30 September 2021**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 2 February 2022 and were signed on its behalf by:
Dr K Wonnacott - Trustee
Mr A Dodd - Trustee
The notes form part of these financial statements
Page 9
**British Cattle Breeders Club Ltd**
**Notes to the Financial Statements for the Year Ended 30 September 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The Club is a registered charity and so achievements cannot be measured by normal commercial criteria of profit and loss. Accordingly, in order to give a true and fair view the directors have applied the provisions of section 396(4) of the Companies Act 2006 and have presented a Statement of Financial Activities instead of a profit and loss account. This has been prepared in accordance with the SORP and in the opinion of the directors better reflects the special nature of the Club's activities.
British Cattle Breeders Club Ltd is a charitable company, registered in England and Wales. It is a public benefit entity.
The presentation currency of the financial statements is the Pound Sterling (£).
The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.
The consequences of the COVID-19 pandemic and the measures taken to control its spread have materially and adversely affected the charity's operations. The impact of the pandemic, as well as the effectiveness of government and central bank responses, remain unclear at this time. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the charity for future periods. The trustees are optimistic that necessary measures can be taken to ensure the viability of the charity and so they have continued to adopt the going concern basis of accounting as set out below.
## **Income**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
Investment income is included when receivable.
No incoming resources are included in the Statement of Financial Activities net of expenditure.
## **Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of fundraising.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
Page 10
**British Cattle Breeders Club Ltd**
**Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Resources expended**
Support costs comprise those costs related but not directly attributable, to charitable activities.
Support costs are apportioned on the basis of secretarial time.
Governance costs comprise the cost associated with regulatory and compliance matters including compiling the charity's financial statements.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
The charity had no restricted or designated funds during the year.
## **Going concern**
Having regard to the charity's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the trustees consider that it is appropriate to prepare the financial statements on the going concern basis.
## **Fixed asset investments**
Fixed asset investments are stated at market value.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**||||
|---|---|---|---|
|||**2021**|2020|
|||**£**|£|
|Investment income and interest|receivable|**97**|432|
Page 11
**British Cattle Breeders Club Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **3. CHARITABLE ACTIVITIES COSTS**
|**3.**|**CHARITABLE ACTIVITIES COSTS**|||||
|---|---|---|---|---|---|
|||||Support||
||||Direct|costs (see||
||||Costs|note 4)|Totals|
||||£|£|£|
||Charitable activities||**9,187**|**15,256**|**24,443**|
|**4.**|**SUPPORT COSTS**|||||
||||Charitable|Governance||
||||activities|costs|Totals|
||||£|£|£|
||Other resources expended||**-**|**2,843**|**2,843**|
||Charitable activities||**15,256**|**-**|**15,256**|
||||**15,256**|**2,843**|**18,099**|
||Support costs, included in the above, are as follows:|||||
|||||**2021**|2020|
|||Other||||
|||resources|Charitable|Total|Total|
|||expended|activities|activities|activities|
|||£|£|**£**|£|
||Insurance|**-**|**58**|**58**|**-**|
||Sundry|**-**|**70**|**70**|**245**|
||Telephone|**-**|**235**|**235**|**245**|
||Postage and stationery|**-**|**325**|**325**|**1,698**|
||Secretarial fees|**-**|**14,193**|**14,193**|**12,460**|
||Bank charges|**-**|**375**|**375**|**538**|
||Sundry|**13**|**-**|**13**|**13**|
||Cost of trustees' meetings|**-**|**-**|**-**|**9**|
||Secretarial fees|**1,774**|**-**|**1,774**|**1,558**|
||Accountancy|**856**|**-**|**856**|**923**|
||Independent Examiner's fees|**200**|**-**|**200**|**200**|
|||**2,843**|**15,256**|**18,099**|**17,889**|
**5. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
|**2021**||2020|
|---|---|---|
|**£**||£|
||**-**|66|
Page 12
**British Cattle Breeders Club Ltd**
**Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|**Charitable activities**||
|Charitable activities|54,135|
|Investment income|432|
|**Total**|54,567|
|**EXPENDITURE ON**||
|**Charitable activities**||
|Charitable activities|51,731|
|Other|2,703|
|**Total**|54,434|
|**NET INCOME**|133|
|**RECONCILIATION OF FUNDS**||
|**Total funds brought forward**|46,624|
|**TOTAL FUNDS CARRIED FORWARD**|46,757|
Page 13
**British Cattle Breeders Club Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
|**8.**|**TANGIBLE FIXED ASSETS**|||||
|---|---|---|---|---|---|
|||||Computer||
|||||equipment||
|||||£||
||**COST**|||||
||At 1 October 2020 and 30 September 2021|||**200**||
||**DEPRECIATION**|||||
||At 1 October 2020 and 30 September 2021|||**200**||
||**NET BOOK VALUE**|||||
||At 30 September 2021||||**-**|
||At 30 September 2020||||-|
|**9.**|**FIXED ASSET INVESTMENTS**|||||
||There were no investment assets outside the UK.|||||
||Investments (neither listed nor unlisted) were as follows:|||||
||UK National Savings Income and Capital Bonds £nil (2020 - £37,500).|||||
|**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||||**2021**|2020||
||||**£**|£||
||Accrued expenses||**2,516**|2,396||
|**11.**|**MOVEMENT IN FUNDS**|||||
||||Net|||
|||At|movement|At||
|||1.10.20|in funds|30.9.21||
|||£|£|£||
||**Unrestricted funds**|||||
||General fund|**46,757**|**(104)**|**46,653**||
||**TOTAL FUNDS**|**46,757**|**(104)**|**46,653**||
||Net movement in funds, included in the above are as follows:|||||
|||Incoming|Resources|Movement||
|||resources|expended|in funds||
|||£|£|£||
||**Unrestricted funds**|||||
||General fund|**27,182**|**(27,286)**|**(104)**||
||**TOTAL FUNDS**|**27,182**|**(27,286)**|**(104)**||
Page 14
**Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **British Cattle Breeders Club Ltd**
## **11. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
At
movement
At
1.10.19
in funds
30.9.20
£
£
£
46,624
133
46,757
46,624
133
46,757|Net
At
movement
At
1.10.19
in funds
30.9.20
£
£
£
46,624
133
46,757
46,624
133
46,757|
|---|---|---|
|||46,757|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|54,567|(54,434)|133|
|**TOTAL FUNDS**|54,567|(54,434)|133|
General funds are donations and other incoming resources receivable or generated for the objects of the charity without further specific purpose and which the charity may use for its purpose at its discretion.
## **12. RELATED PARTY DISCLOSURES**
In the year the company was charged a total of £17,375 (2020 - £17,475) by Ms H Bradbury, the Company Secretary. This amount comprised secretarial fees and telephone expenses of £16,653, postage and stationery costs of £319, travel costs of £48, and other costs of £355. At the balance sheet date £1,441 (2020 - £1,330) was outstanding in respect of these transactions.
No expenses were paid to the trustees.
## **13. MEMBERSHIP**
The company is limited by guarantee and does not have a share capital.
In the event of the company being wound up, the members of the company are liable to contribute to any deficiency there may be, providing the contribution shall not exceed £1 per member.
Past members retain their liability for one year after their membership has lapsed.
The total number of members at 30 September 2021 was 348 (2020 - 227).
Page 15
**Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **British Cattle Breeders Club Ltd**
## **14. EMPLOYEES**
There were no employees during the year.
Page 16
## **British Cattle Breeders Club Ltd**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2021**
||2021|2020|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Investment income**|||
|Investment income and interest receivable|**97**|432|
|**Charitable activities**|||
|Conference receipts|**850**|18,958|
|Sponsorship of conference|**17,350**|28,742|
|Membership subscriptions|**8,885**|6,345|
|Committee and farm walk lunches|**-**|90|
||**27,085**|54,135|
|**Total incoming resources**|**27,182**|54,567|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Conference expenses|**4,507**|31,761|
|PR costs|**1,474**|250|
|The Digest and newsletter costs|**595**|2,136|
|Website costs|**789**|564|
|Cost of trustees' meetings|**-**|17|
|Secretarial fees|**1,774**|1,558|
|Other travel|**48**|193|
|Computer equipment depreciation|**-**|66|
||**9,187**|36,545|
|**Support costs**|||
|**Charitable activities**|||
|Insurance|**58**|-|
|Sundry|**70**|245|
|Telephone|**235**|245|
|Postage and stationery|**325**|1,698|
|Secretarial fees|**14,193**|12,460|
|Bank charges|**375**|538|
||**15,256**|15,186|
|**Governance costs**|||
|Sundry|**13**|13|
|Cost of trustees' meetings|**-**|9|
|Secretarial fees|**1,774**|1,558|
|Carried forward|**1,787**|1,580|
This page does not form part of the statutory financial statements
Page 17
## **British Cattle Breeders Club Ltd**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2021**
||2021|2020|
|---|---|---|
||£|£|
|**Governance costs**|||
|Brought forward|**1,787**|1,580|
|Accountancy|**856**|923|
|Independent Examiner's fees|**200**|200|
||**2,843**|2,703|
|Total resources expended|**27,286**|54,434|
|**Net (expenditure)/income**|**(104)**|133|
This page does not form part of the statutory financial statements
Page 18