Company No. 0190341)S Charitv No. 292268 DONKEY BREED SOCIETY {A company limited by guarantee) REPORT AIND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Young & Co. Chartered Accountants & Registered Auditors St Etlielbert House Ryelands Street Hereford HR40LA DONKEY BREED SOCIETY INDEX Statutory Accounts Page No. General Infonnation Trustees, Report Independent Examiner5, Report Statenient of FinanLial ALtivities Bal(Ince Sheet Cash FloNw Statement Note5 to the Financial Statements 10 12- 17 DONKEY BREED SOCIETY GENERAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021 President Mr J Porter Trustees (At dai¢ ofgpptt)Yal) Mrs T Affleck Miss C Bailey Mrs E Barrett Mrs K Bentley Mrs S Booth Ms E O Brown Mr T Bysouth Mr S Cherry Mrs R A Clarke Mrs L Evans Mr N J Glover Mrs P Moon Mrs B Roger Mr R Sims Ms A Slater Mrs A Siaveley (Vice-chair) Mrs R stronge Mrs C A Travell (Chairniall) Mrs K Youn Society Secretary Mrs C E Morse Charity and Registered Office The Hermitsge Pootin¥s Edeiibridge Kent TN8 6SD Bankers Lloyd5 Bank plc Pall Mall Branch 8-10 Waterloo Place London SWIY4BE Legal Advisor ro Council MrT Oddv The Old Barn Staden Lane Buxton Derbyshire SK179SZ Veterinary Advisor to Council Mrs J L Eley BVSC MRCVS HUrs￿'00d Cottage All qtretton Church 8treiton Shropshire SY6 6LA Independent Examiner MrG JohTI. F.C.A. Young & Co. Chartered Accountant5 St Ethelbert House Ryelands Street Hereford HR4 OLA DONKEY BREED SOCIETY TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees have pleasure in presenting their report and the unaudited financial statements of the charity forthe year ended 31 Dcccmber 2021, which are a150 prepared to meet the requirement5 for a directors, report and accounts for Companies Act purposes. The financial statements comply M'ith the Charities Act 2011, the Companie5 Act 2006. the Meinorandutn and Articles of Association, and Accountingl and Reporting by Charitie5.' Statement of Recommended Practice applicable to charities preparin¥ their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January ?0191. CHAIRMAN'S REPORT Trugiee directors. Regional and Activity committee members. as well as ordinary Society Ineinbers continue to use various online means of communicating and discussing Society matters. Zoom is our main means of connection and it coniinues to bring benelits of inclusivity for geographically spread members. as ivell as Iinancial cost savings. Zoom has also been used lor social gatherings guch as quiz sessions. Council continues to act in its role of providing leadership and Governance of the Society's matters and encouraging promotion of the Society amongst the general public and donkey owner. Breeding Genelic Resedrch Our Stud book reiains its status as a respected record of pedigree, enabling research to be done by breeders prior to undertaking any mating of prospective parents. Our Stud Book committee and its members continue 10 promote a responsible approach to breeding, particular amongst non-members, utilising social media platforms as ￿'ell as our piiblicaiions gnd website. Showing, and the opportunity 10 accumulate points in the show ring, or as a brood mare, ￿&$ geo£raphically patch) diiring 2021, with a retiim to near-nornial in some areas, and no shows at all in others. Some awards were made, recognising the need to balance encouragement for those able to attend shows withoui alienating those who Could not. St￿￿1￿rY Muller.$ The T￿steeS, meetiiig as governing Council, continue to review Society activitie5 to ensure adhcrence to the applicable le£i51ation. 'Fit and Proper, declarations are required from all friistees and are updated anniiall J.. Gencral Data Protection Regulation {GDPRI trainin£ is giveii to all new occupant5 in roles that involve handling personal data, and remindcrs of Privacy notices are published in the annual magazine 'The Donkey. Refresher training is also given on GDPR matter5. Further to an Extraordinary General Meeting held in Septetnber 2021, at iyhich our Article5 of Association were amended to allow Gei)eral Meetings of members to be held electronically, the 2021 Annual General Meeting was again held via Zooin. wliicli tnadc it much ea5ltr foi sorne ineinbe15 to'attend, as thei. did not have to worry about trdvelling constraint5. The expectation 15 that future Ani)ual General Meetings will be carried out as 'h!brid' meeiings, where Slime members physicall! attend and others aitend via Zoom. As a United Kingdom Breed Society, the Donkey Breed Society is a Passport Issuing Organisation, and has successfully managed these processes, in accordance M'ith the ever-changing requirements, since 2003. The Society supports owners to enable ihem to meei theirever-changing legal obligations, which can. due to devolved governinent, differ in the various countries that make up the United Kingdom. IVelfNre Objeclives The Donkey Breed Society continues to contribute 10 the maintenance of welfare siandards by engaging with other equine w'elfare b(xJies at a national level and we continue to be a member of the National Equine Welfare Council. During 2021 we liave been unable to carry out all our usual phvsical events including displaj., exhibitions and general meetings with tlie public in order to pursue our welfare objectives as regard cducation of the widcr public. We have, however, continucd to ensure OUT web51te, social mcdia and other publications incliide articles on general welfare and our Facebook pages continiie to act as a first point of call for man) who require guidance, either ￿'1th their own donkeys, in advance of purchase or where they have a concern about donkeys potcntially in need of assistance and protection. We siipport the work of Donkey Sanc￿aries and Welfare Organisations worldwide with articles covering their activitie5 included in our publications. We have a150 run online talks, given bN' experts in their field, covering various aspect5 of donkey welfare and H'e aiill to build an online reference library of these in the ￿ture, ensuring the content is available to all. DONKEY BREED SOCIETY TRUSTEE8' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Our Volunleer. The Society can only fiinctioii becaiise of the many unpaid volunteers who sit on the various committees or who act as Regional and Area Rcpresentatives and give up untold hours to support the Society's aims. There are 9 Regions in the Society 5UPPOrted by area representatives and there are 4 Society Committees with a number of committee members. There are also groups who look after the Active Donkey Award E￿d the Stud Book. MeetingF5 for these have been carried out online ai)d have eiiabled the best to be inade of a relatively ph)'5ically inactive year, M'ith tnany plans for the fiiture itJcludin¥ how to ￿rther develop the positive5 of usiiig online interactions. Public En¥agemEllt ?021 was a more active year thali 2020, biit still very rniich reduced from pre-covid year5. The London New Year's Day Pande went ahead but on a dilTerent basis and the DBS (along with other animals} was unable to L4ke part. Palm Sunday, Nativitv services, Parades, maiiy Shows and a great number of local evei)ts did not take place due to the need, or wish. of members and the public to maintain social distancing. A new and highly successful event in 20? I for the Society was taking part in 'Your Horse Live, This was a prestigious 3 day event held in Stoneleigh. The Socielj. plus 4 donkeys, were present for all 3 days, along with the Society shop selling donkey-related goods including educational books. An educational stsnd was present, talks ivere given by experts in various donkey-related fields (such as donkey-specific foot care) and members who manned the stand had an exhausting but highly productive time talking non-stop 10 a very wide ranging audience of the public. Speci141 Qui4li¢ies Donkeys have a wonderful ability to interact calmly and safely ivith members of Slxiety who have challenging needs. Despite physical contact being restricted during mii¢h of 2021, those instances w,here it has been permitted have been extra special and photographs of donkeys have brought much joy to those unable to get oiit gnd about. For many, the interaction with their own donkqNs ai home has assisted greatly in relieving mentsl health isslles. With more people exploring the Countryside, the numbers who have now 'met' these gentle creatures on new- found walks has greatly increased and it is often reported that families now in¢liide adonkey visit on Iheir outings as it brings them all so much pleasure to interact with donkevs, albeit over a fen¢e. Regionul EngfigemeRI RegFional Delegate5 and Area Representative5 Continue to be the grass roots of engagement with potential members and the wider public. As Covid restrictions have lifted, soine areas have been able to hold socially distanced day5, Inainly focusing on outdoor events such as walks or picnic5. There have been variations in leve15 of activity due to the personal confjdence leve15 of members regarding meetit]g others but generally some face to lace. albeit socially distanced, activities have taken place. Media Engagement The Societ)J continues to produce an annual A4 colour magazine 'The Donkey, which is available lor public purchase as well as Ihree editions of a members, publication 'Bray Talk, Newsletters are also produced in the Regions. Copies of these are available io members and also often distributed to veis, farriers, feed merchants and anyone M,ho has expressed an interest in learning more about donkeys. Each publication invites advertisements and educational articles from stakeholder groups and includes infomiative articles from members as well as coniaci details for members of Ihe public wishing to find out more. 1veb.sile UFEdSocial Medi The Society Continues to engage with its members and the general public b). boih paper and online routes. The website has links to social media applications, such as Facebook and Twitter which are regularly gccessed by members and a miich ￿lder publi¢ audience. Whilst much of the information shared is demonstrating Correct care and use of donkeys, this glso leads to a good deal of discussion and information sharing on best prgctices amongst both members and non-members and is a valuable tool for rapid response to public enqiiiry. particularly on welfare niatters. DONKEY BREED SOCIETY TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 OUR PURPOSES AND ACTIVITIES Purpose The Donkcy Breed Society is a company. IiTnited by guarantee which was registered as a charity, INO 292268), on 05 August 1985. The puryx)ses of the charity are to. preserve and improve the standard of Donkeys in general by breeding and to encourage the use. appreciation, well-being and protection of the Doiikev by the general public a]id members of the Society to promote public education in the various arts and sciences in connection with the Donkey and the use, appreciation, care and management therelif io prevent crueli}' ro the Donkey and to help. including the option io provide financial assistance, and CO- operate with people and Societies who provide for the care and protection ol- the Donkey in need thereof by reason of sickness. maltreatment, neglect. lack of knoivledge, poor circumstances or other similar causes to promote and finanee research into matters relating to the Donkey and the publication of the results thereof Aetivities We review our aims, objectives and activities each year. This revieiv looks at i￿hat have achieved and the outcomes of our w'ork in the previous 12 months. The review looks at our successes in achieving the objects of the charity and the benefits they have brought to our long-eared friends and the people who look after them. The revieiv also helps us ensure our aim, objectives and activities remained flicused on our stated purposes. We have referred to the Charity Commission s general guidance on public benefit when reviewing our objectives and in planning our future activities. The Trustees are of the opinion the activities undertaken during ihe year provide public benefit not just in this countrv but elsewhere in the world. During 2021 we in¢re&sed our activity level from the enforced low of 2020, but manv events where we would have been preseni, failed to Tun. In addition to attendance at Your Horse Live, as mentioned above, Ive carried out the following.. The Aclive DonkeyAwffirdScheme (ADA) Whilst opportuiiitie5 for getting oiit and about with donkeys remained sonieivhat limited in 2021, tlie ADA scheine continued to encourage member to caTry Out varying activitie5 I￿.1th their donkeys. Many of these were shared ot] Social media, such as Facebook, to promote both the capabilities and the welfare benefits of these type of event5, particularly to inforn] non-members. Driving Coinpetitive driving shows were very limited however memberg took their donkeys out for pleasure driving tvent5 as w'ell as participatin¥ in event5 of¥'. The majority of unrestiieted reserveg ale held in tl)tse readilv rtalisable investments. These are intended to provide both income and Capital growth withtsut exposing the Socitty to excessive risk. A similar policy is adopted for the restricted funds. The average rate of investment income returns on interest bearing bank account balances achieved in 2021 was around 0.9(P/o (2020 - 1.16/01; that achieved on investmenis ivas much higher at around 4.79/012020- 4.30/0). TRUSTF.F.S' RF.SPON51BILITIF.S Law applicable to charities in England and Wales requires the tnjstees to prepare financial statements for each financial period, which give a true and fair view of the state of affairs of the charitv's financial activities during the year and of its financial position at the end of the year. In preparing these financial statements the trustees are required to.. > select suitable accounting policies and then apply them consisienily make judgcments and estimates that are reasoiiable and prndent > state whcther applicable accounting standaTds and statcinents of Tecommended practice hav¢ been followed, siibjcct to any dcparture5 disclosed and explained in the fiiiancial statcinents pr¢pare the financial statemciits on a going coiicern basis unless it is inappropriate to presume that the charity M'ill continue in operational existenc¢ The trustee5 are responsible for the keepin¥ of proper accountin¥ records which disclose with i'easonable accuracy at any titne the financial position of the charity and which enable them to ensure that the financial Statements coinply with the Charities Act 2011. They al'e a150 responsible foi. safebFuardingF the assets of the chai'ity and hence takingF reasonable 5tep5 for the prevention and detection of fraud and other irregularities. This report was approved by the trustees on 06 September 2022. Signed on behalf of the board.. Mr N Glover- Trustee DONKEY BREED SOCIETY {1090452) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 I report to the charity trustees on my examination Lif the accounts of the company forthe year ended 31 December ?021 which are set out on pages 9 10 17. Responsibilities and basis of report As the charity's trustees of the company land also its directors for the purposes of Compan￿ laivl you are responsible for the preparatilin of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfi¢d myself that the accounts of th¢ company are not r¢quired to be audited under Part 16 of the 2006 Act and are eligible for indepeiident exainination, I report in respect of mv examination of your charity's accounts as carried out linder section 145 of the Charities Act 2011 Itlie '2011 Act'l. In carrying out iny exainination have followed the Directions given by the Charity Commission under section 145{5llbl of the 201 l Act. Independent exan]iller's report I have completed iny exaininatioii. I coiifirtn that no matte[5 have come to tny attention in connection with the examination giving5 me cause to believe.. accountlTlbF records were not kept in respect of the company as required by Section i86 of the 2006 Act or (2} the accouiits do not accord with those accounting records or (3} the accounts do not comply with the accounting reqiiirements of section 396 of the 2(X)6 Aet othei than anv requirement that the accounts give a 'tnJe and fair, view which is not a matter considered a5 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 I have no concems and have come acrLlSS no other matters in connection with the examination to which attention should be drawn in this report in Lirder to enable a proper understanding of the accliunts to be reached. Mr G John F.C.A. Chartered Accountant Young & Co. St Ethelbcrt House Ryclands Street Hereford HR4 OLA Sep 16, 2022 Date DONKEY BREED SOCIETY STATF.MF.NT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 Note Unrestriettd Funds General Designated Restrieted Funds Total Funds 2021 2020 Incorne Donations and Legacies Charitable ALtivities Other Activities Investment5 1,162 290 38,560 5,462 770 267 3,004 41 1,932 557 41,564 5,584 4,Oi3 l(A 34,924 5,382 81 Total Income 45,474 4,082 81 49,637 44,503 Expenditure Cost of Raising Funds Charitable Activities 14.678 32,707 3,600 4,190 132 18,410 36,897 12.609 Total Expenditure 47.385 7,790 132 55,307 49.948 Net Gainsl{Losse5) on Inve5tmentS 183 12,762 -20.024 Jyet IncomelExpenditure 10,668 -3,708 132 7,092 -25,469 Transfers Between Funds 1.889 2.144 -255 Net Movement in Funds 8,779 -1,56A -123 7,092 -25,469 Total Fw)ds Brought Forward 151,310 40,473 2,510 194,293 219,762 Total Funds Carried Forward 160,089 38.909 2,387 201,385 194,293 The statement of fjnancial activities includes all gains and losses recognised in the financial >ear. All income and expenditure derive from continuin¥ activities. ## **DONKEY BREED SOCIETY BALANCE SHEET AT 31 DECEMBER 2021** |**Note**
**Fixed Assets**
Tangible Assets
**10**
Investments
**11**
**Total Fixed Assets**
**Current Assets**
Stock
**12**
Debtors
**13**
Cash at Bank
**Total Current Assets**
**Creditors**
Amounts falling due within one year
**14**
**Net Current Assets**
**Net Assets**
Financed by:
**Funds**
Unrestricted Income Funds
General
Designated
**17**
Restricted Income Fund
**17**
**Total Charity Funds**|**£**
**£**
**£**
**£**
532
48
108,156
95,394
108,688
95,442
5,851
7,338
6,861
4,533
94,455
99,729
107,167
111,600
14,470
12,749
92,697
98,851
201,385
194,293
160,089
151,310
38,909
40,473
2,387
2,510
201,385
194,293
**2020**
**2021**|**£**
**£**
**£**
**£**
532
48
108,156
95,394
108,688
95,442
5,851
7,338
6,861
4,533
94,455
99,729
107,167
111,600
14,470
12,749
92,697
98,851
201,385
194,293
160,089
151,310
38,909
40,473
2,387
2,510
201,385
194,293
**2020**
**2021**| |---|---|---| |||194,293| |||151,310
40,473
2,510| |||194,293| For the year ended 31 December 2021 the company was entitled to exemption from an audit conferred by section 477 (2) of the Companies Act 2006 relating to small companies. The members have not required the directors to obtain an audit of its accounts for the year in question, in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with provisions applicable to companies subject to the small companies regime. The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and FRS102. These financial statements were approved by the board and authorised for issue on '06 September 2022 and signed on their behalf by: 10 DONKEY BREED SOCIETY STATF.MF.NT OF CA.SH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 Note 2021 2020 CASH USED IN OPERATING ACTIVITIES Net Movement ii) Fuiids Add Back Depreciation DeduLt Investment IGains}/L05se5 Deduct Income shown in Investin¥ Activities Decreaselllncrease) in Stock Decreasel(Increase) in Debtors Increase/(Decrease) in Creditors 7,092 154 -12,762 -5,584 1,487 -2,328 1,721 -25,469 48 20,024 -5,382 874 -1,069 -4,519 10 -10,220 -15.493 CASH FLOWS FROM INVESTING ACTIVITIES Investinent Income Acquisition of Fixed Assets 5.584 638 5,i82 Cash provided by investing activitie5 4,946 5,382 INCREASEIIDECREASEI IN CASH AND C.ASH EQUIVALENTS IN THE YEAR -5,274 Cash and Cash Equivalents at the beginning of the year 99,729 109,840 TOTAL CASH AND CASH EQUIVALENTS AT THE END OFTHE YEAR 94,455 99,729 DONKEY BREED SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 I ACCOUNTING POLICIES The prii)Lipal accountii)g policies adopted, judgenients and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. (a) Basis of Preparation of the Financial Statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities Statemeni of Recommended Practice applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019)- (Chariiies SORP (FRS 102)), the Financial Reponing Standard applicable in the UK and Republic of Ireland {FRS 102) and the Lompanies Act 2UO6. The Donkey Breed %ociety' meets the definition of g public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in Ihe relevant accounting policy noiels). (b) Ineorne Income is recognised when the charity has entitlement to the ￿nds, any perfonnance conditions attached to the item{s) of income have been met [￿d it is probable that the income will be received, and the amount can be measured reliably. For subscription income Annual Memberships entitlement 15 taken on the date of receipt on the basis refvnds are not gFiven. However, entitletneiit to Four Year Meinber5hip income is taken in four equal instalments on the anniversary date of receipt. Sub5criptioii income appertaiiiin¥ to future year5 is incliided on tlie Balance Sheet in DefeTred Incotne. For leuacies, entitlerneiit is taken a5 the earlier of the date on which either.. the chaTity is aware that probate ha5 beeli ¥Fiaiited, the estate ha5 been finalised and notificatiot) has been made by the executor{5) to the Trust that distribution will be made, or when a distributioii is received frotn the estate. Receipt of a lebFacy, in whole or in part, is only considered probable when the ainoui)t can be measured reliably, and ihe charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the eharity is aware of the granting of probate, and the criteria for income reeognition have not been rnet, the legacy is a treated as a contingent asset and disclosed in the notes to the accounts, if maleiial. Interest on funds held on deposit and investment income is included when receivable and the amount can be measured reliably by the charity. (c) Donated Services and Facilities Donated professional services and donared facilities are reeognised as income ivhen the charity h&$ control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliabl}'. In accordance with the Charities SORP (FRS 102), the general volunteer costs of the members are not recognised. Reference to the trustees, annual reporr should be made for more information about their ¢ontribuiion. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the chariry w,hich is the amount the charity M'ould have been M'illing to pay to obtain services or faciliiies of equivalent economic benefii on the open market. a corresponding amount is then recognised in expenditure in the period of receipt. Id) Expenditure Expenditure is recognised once there is a legal or constnictive obligation to Tnake a payment to a third party, it is PTobable that settlement will be required, and the amount of the obligation can be measured reliably. EXpendI￿re is classified under the folloNTring activity lieadings.. Costs of raising ￿ndS and expenditure on charitable activities. irrecoverable VAT is charged as a cost against the activity for which the expenditiire was inciirred. Administration costs are allocated between the costs of fund raising and chariiable activities on a mixture of a time and costs basis. These include the cosis of outsourcing the secretarial facilities for the charity as it does noi have any business premises. 12 DONKEY BREED SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (e) Tangible Fix¢d Asyets All expei)diture inLurred, or goods received by way of donation are tapitalised as fixed assets where the value is in excess of £500. Depreciation is calculated so as to write off the cost of tangible fixed assets less their estimated residual value over their estimated useful lives at a raie of 200/0 per annum. (fj Investments Investments are highly liquid but held for long temi gain; thej. are stated at market value at the balance sheet date, as determined by Ihe respective investment managers, ￿1th any gain or deficit on revaluation being taken through the ststement of financial activities. Gains or deficits on realisation are also treated in the same manner. @) Stocks All stock is bought in and is valued at the lower of cost or net realisable value after making, due allowance for SI0￿, Inoving or obsolete items. Net realisable value is based on the estimated selling price after deducting costs of distribution. (h) Debtors TTadc and other debtors are recognised at the settlement amount due after any trdde discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. (i) Cash at Bank and in Hand Cash at bank and casli in hand iiicludes casli and Short ttTm Iii¥hly liquid itjvestments M'itli a short inaturity of three inonths or Itss from the date of acquisition or openin¥ of the deposit or similar account. (i) Creditor5 and Provi5ion5 Crediiors and provisions are recognised w'here the charity has a present obligation resulting from a past event that w'ill probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nornially recognised at their settlement amount after alloNwing for any trade discounts due. (k) Financial Instruments The Society only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially reeognised at transaction value and subsequently measured at their settlement value. (l) Taxation Under section 478 CTA 2010 the companv is exempt from t&x on certain profits. However, when the income from its animal passport scheme exceeds 25010 of the total incoming resource it is subject to corporation tax at the rate applicable to the size of the company. (rn) Funds The cliariry maintains an unrestricted fund consisting of a general fund, ￿'hICh is for use in accordance with the objectives of the company at the Trustees discretion and a designated fund where funds have been set aside by the Truste£s froTn general ￿ndS for specific purposes. There is also a restricted ￿nd coiisisting of several siib funds where the fi]nds can only be used for the purpose for which they were set up in accordance M'ith the restrictions made by the donor. 2 LEGAL STATUS The Society is a company limited by guarantee and has no share capital. In the event of the charity. being wound up, the liability in respect of the ¥uarantee is IiTniled to £1 O per member of the charity. The total number of such guarantees at 31 Deceniber 2021 was 696 {2020- 6861. 13 DONKEY BREED SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021 Unrestricted Funds General Designated Restricted Funds Total Funds 2021 2020 3 INCOME Donations and Legaeies Bequests Donations, including Gift Aid 1000 i,033 1.162 770 1.932 1,162 770 1.932 4,033 The Donkey Breed Society benefits greatly from the involvement and enthusiasiic support of its many volunteers. deiails of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in these accounts. Charitable Activities BreedinbF Standards Education Wclfare 290 290 267 267 164 267 557 164 Other Activities Advertising Passport Isguing Oiganisation Shop and Sundry Income Society Sliows aiid Activities Subscription5, including Gift Aid 1.474 12.379 3.659 1,039 20,009 1,474 12,i79 3,659 3,683 20,i69 1.859 791 593 20,060 2.644 360 38,560 3,004 41,564 34,924 Invcstmcnt Ineome Interest bearing Bank Accounts Investments 598 4.864 41 10 649 4,935 838 4,544 5.462 41 i,584 5,i82 4 EXPF.NDITURE Cost of Raising Funds Adminisiration Passport Issuing Organisation Promotional Shop and Sundry Purchases Society Shows and Activities 1,160 8,271 1,491 3.756 177 1,337 8,271 1,491 3,756 3,555 7,560 419 1.564 1.922 3,423 14,678 3.600 li2 18,410 12,609 Charitable Activities Administrgtion Communication - Members and the Public t)onations Education, including Grants Governance Meetings Professional Charges Breeding Standards 15,712 14,576 15,712 17,922 14,591 13,749 6,974 188 547 1.220 70 3,346 836 836 908 900 407 407 32.707 4,190 36,897 37,3i9 14 DONKEY BREED SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021 Unrestricted Funds General Designated Restricted Funds Total Funds 2021 2020 5 NET GAINSI(LOSSES) ON INVESTMEP4TS Revaluation L)f Investments 12,579 183 12,762 -20,024 12,579 183 12,762 -20,024 6 TRANSFERS BETWEEN FUNDS Allocations tolfrom General Fund Net Committee Costs 426 -1,463 426 ,718 -255 -1,889 2,144 -255 7 NET INCOMEIEXPENDITURE FOR THE YEAR This is ststed after charging.. Depreciation, including loss disposal Accountsncy Services 154 48 1,220 8 STAFF COSTS AND NUMBERS The company does not einploy any staff, nor doe5 It remunerate any trustee5 in their position as trustee. Pavmeiits to meinbers aiid office15 for services provided, including travel were.. Key Officers Other Fees Expenses 14,934 3,644 1,462 14,351 3,554 1,300 Paid to 7 individuals (2020- 11) 20,040 19,205 For details of amounts paid to trustees please refer ro note 19 9 TAXATION Agreement has been reached with H M Revenue & Customs as to which activities fall outside the exemptions available to charities under section 478 01. the Corporation T&xes Att 2010. The ftslloiwing liability ielates to taxation on those UK Coiporation tax at 19.OOQ/o (2020 - 19.OOQ/o 10 TANGIBLE FIXED ASSETS Equipment Cost Brought forward Additions 734 6i8 734 Carried forward 734 Depreciation Brought fonvard Charge for the year 686 154 638 48 co￿led forward 840 686 Net Book Value 532 48 DONKEY BREED SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021 Unrestricted Funds General Designated Restricted Funds Total Funds 2021 2020 11 INVESTMENTS M&G Charifund Unit Trust at mid-market valuation Broughi forward 94,021 Valuaiion GaIn￿LosseS 12,579 .373 183 95,394 12,762 -20.024 Carried fonvard 106,600 1,556 108,156 95.394 M&G Charifund Unit Trust At e05t Brought forward 47.915 176 48.091 48,091 Carried fonvard 47.915 176 48.091 48.091 J2 STOCK Goods for Own Use Goods lor Resale 816 2.766 1,994 275 2.810 3,041 i.090 4.248 3.-$82 2,269 5.851 7,?38 13 DEBTORS Trade Debtors Prepayments Accrued Income 1,378 906 4,497 80 1,458 906 4,497 603 798 3,132 6,781 80 6,861 4.533 14 CREDITORS- amounts falling due within one year Deferred Income 5,940 Other Creditors and Accruals 4,934 5,940 8,-f30 4.602 8,147 3,596 10,874 3,596 14,470 12.749 15 ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Fixed Assets Investments Current Assets Current Liabilities 532 106,6(Kl 63,S31 -10,874 532 108,156 107,167 -14,470 48 95,394 111,600 -12,749 1,556 831 42,505 -3.596 Net Assets 160.a89 3X.909 2.387 201,385 194,293 16 MOVEMEf44T Ir44 Fuf44DS Brought Forward Incomin¥ Re50urce5 Resources Expended Other Recognised Gains or Losses Transfers 151,ilO 45,474 -47,i85 12,579 -1,889 40.473 4,082 -7,790 2,510 194,293 49,637 -55,307 12,762 219,762 44,503 -49,948 -20,024 132 183 -255 2,144 Carried Fo￿ard 160,089 38,909 2,387 201,385 194,293 16 DONKEY BREED SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021 17 PURPOSES OF FUNDS Brought Forward Carried FO￿Ard Incorne Expenditure Transfers D¢signat¢d Funds Cominunications Fund Educational Bursary Fund Educational Fuiid Emergency Fund L W Morris Bequest Regional and Area Funds Society Committees 1,127 2,550 18,454 2,784 845 13,283 1,430 10 103 -1,650 513 2.654 18,455 2,784 845 12,576 1,595 4,097 -2,043 424 995 Carried Forward 40,47) 4,082 -7,790 2,144 38,909 Communicaiions Fund Educational Bursary Fund Educational Fund Emergencv Fund L W Morris Bequest Regional and Area Funds SoLiety Cotninittees rhe development of better commiinications with members and the public rhe provision of assistance to students in improving donkey welfare Educational projects aimed at improving the public's knoM,ledge of the donkey For the immediate specific needs of the donkey in times ot crisis The income is to be used for educational purposes rhe piovision of resource foi members in their local areas Foi the improvetneRt of eduLdtion and welfare of the donkey Rcstri¢tcd Funds Hcycs 13cqiiest The Summerhays Memorial Trust 521 1,989 -255 271 2,116 259 132 Carried Forward 2,510 264 132 -255 2,387 Heyes Bequest The Summerhay5 Mejnorial Trust rhe provision of fund5 for the Active Donkey Award Scheme The provision of funds to recogni5e the top brood mares each year Income includts gains on investrnents, whilst expenditure includes losses on investments. 18 CONTROL The company is controlled bv the directors, who are the trnstees for chaTity purposes. 19 RELATED PARTIES The Trustees and Iheir families are considered to be related parties; transactions with them during the financial year were.. 2021 2020 Mrs R A Clarke has been paid, with the approval of the Charity Commission, for the provision of services on behalf of the Society 3,644 3,554 Tru%lee% have been paid refunded travel dnd utheT e.xpen%es in attending tu %()LietJ iiiatter5 80 150 2021- I Trustees (2020- 1 Trustees) 17