The Poulty Club of Great Britain
2021 National Show
Income and Expenditure Account
Poultryclub (
TYNEREDE
ACCOUNTANCY
**The Poultry Club of Great Britain National Show Income and Expenditure Account 2021**
|National Show Admissions
Sales Pens
Catalogue sales
Entry Fees
Sponsorship
Donations
Raffle income
Supreme Champion Prize Pot
Income refunded
Deferred income ringfenced
Opening stock
Biosecurity costs
Closing stock
Show staging costs
Medals, rosettes and awards
Catalogue printing costs
Postage, printing and stationary costs
Raffle costs
Website improvement costs
**(Defecit) of expenditure over income**
**Income**
**Expenditure**|**£**
**£**
4,246
2,100
1,372
32,105
120
227
624
320
41,114
25,275
14,868
822
247
(2,644)
1,037
2,101
872
449
156
475
(43,658)
(2,544)
**2021**|
|---|---|
Charity registration number: 298415
## The Poultry Club of Great Britain
Annual Report and Financial Statements
for the Year Ended 31 March 2022
## **The Poultry Club of Great Britain**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Statement of Trustees' Responsibilities|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 15|
## **The Poultry Club of Great Britain**
## **Reference and Administrative Details**
**Chairman** Mr Lee Grant **Trustees** Mr Alexander James Young Mr Paul Kerfoot Mr Andrew Vincent Marment Mr Thomas William Oldcorn Prof. Philippe Barrie Wilson Mr Lee Grant Mr Martin Torr Anderson Mr Jonathan Michael Grubb Mr Ewan Jones Mr Roger Thomas Mr John Halley (to 20 April 2021) Mr David Pannell Mr Daniel Nixon Rev. Daniel Reed (to 12 February 2022) Mr Michael Hatcher Mr Matthew Barrett (to 25 June 2021) **Secretary** Mrs Kate Dickinson **Principal Office** Chattlehope House Catcleugh Newcastle upon Tyne NE19 1TY **Charity Registration Number** 298415 **Bankers** National Westminster Bank PLC Boston Branch 10 Market Place Lincolnshire PE21 6EJ **Accountant** TyneRede Accountancy Ltd Lloyds Bank House Bellingham Hexham Northumberland NE48 2AZ
Page 1
## **The Poultry Club of Great Britain**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 16 August 2022 and signed on its behalf by:
Lee Grant Trustee
Page 2
## **The Poultry Club of Great Britain**
## **Independent Examiner's Report to the trustees of The Poultry Club of Great Britain**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 4 to 15.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of The Poultry Club of Great Britain you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Poultry Club of Great Britain's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of The Poultry Club of Great Britain as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Christopher Gillie FCCA TyneRede Accountancy Limited
Lloyds Bank House Bellingham Hexham Northumberland NE48 2AZ
16 August 2022
Page 3
## **The Poultry Club of Great Britain**
## **Statement of Financial Activities for the Year Ended 31 March 2022**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investment income
5
Other income
6
Total Income
**Expenditure on:**
Raising funds
Charitable activities
Gain/(loss) on programme related investments
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18|**Unrestricted**
**£**
4,180
32,539
19,994
2,149
-
58,862
(7,537)
(48,345)
3,839
(52,043)
6,819
271,519
278,338|**Total**
**2022**
**£**
4,180
32,539
19,994
2,149
-
58,862
(7,537)
(48,345)
3,839
(52,043)
6,819
271,519
278,338|**Total**
**2021**
**£**
5,027
23,989
16,745
1,643
(4,433)|
|---|---|---|---|
||||42,971|
||||(7,115)
(43,413)
17,493|
||||(33,035)|
||||9,936
261,582|
||||271,518|
The movement in funds before and after gains and losses on programme related investments are disclosed below:
- Fund movement before gain/(loss) on programme related investments £2.980 (2021 - (£7,557)).
- Fund movement after gain/(loss) on programme related investments £6,819 (2021 - £9,936).
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2022 and 2021 are shown in note 18.
The notes on pages 6 to 15 form an integral part of these financial statements. Page 4
## **The Poultry Club of Great Britain**
## **(Registration number: 298415) Balance Sheet as at 31 March 2022**
|**Note**
**Fixed assets**
Tangible assets
12
Investments
13
**Current assets**
Stocks
14
Debtors
15
Cash at bank and in hand
16
**Creditors: Amounts falling due within one year**
17
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted
18
**Total funds**
19|**2022**
**£**
27,347
138,275
165,622
14,241
64,989
61,159
140,389
(27,673)
112,716
278,338
278,338
278,338|**2021**
**£**
28,421
133,058|
|---|---|---|
|||161,479|
|||10,575
13,871
89,899|
|||114,345
(4,306)|
|||110,039|
|||271,518|
|||271,518|
|||271,518|
The financial statement on pages 4 to 14 were approved by the tustees, and authorised for issue 16 August 2022 and signed on their behalf by:
Lee Grant Trustee
The notes on pages 6 to 15 form an integral part of these financial statements. Page 5
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
The Poultry Club of Great Britain meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. All figures are quoted in sterling and there are no overseas currency conversions.
## **Exemption from preparing a cash flow statement**
The charity adopts Bulletin 1 (February 2016) and have therefore not included a cash flow statement in these financial statements.
## **Going concern**
The 2021 National Show was cancelled due to Avian Influenza restrictions and the 2020 National Show was cancelled due to Covid-19. The 2019 Show resulted in a very small surplus. Not having this surplus will have a negligible effect. It is recognised that without a December Show membership could fall as many members pay membership with their show entry. Given the strength of the balance sheet and availability and liquidity, the trustees believe that while uncertainty exists, this does not pose a material uncertainty that would cast doubt on the charity's ability to continue as a going concern. The trustees therefore consider it appropriate for the accounts to be prepared on a going concern basis.
## **Reserves**
Sufficient reserves exist to ensure that any liability that may occur in the following 12 months may be met. At 31st March 2022 the trustees consider that £70,000 is sufficient.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Investment income**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Page 6
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to any given category. Costs not yet invoiced, but where goods or services have been provided, are included where the amount owed can be estimated reliably. Where timing of costs are uncertain, amounts are classified as a provision.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Taxation**
The Poultry Club of Great Britain is a charity within the meaning of Paragraph 1 Schedule 6 Finance Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992,to the extent that such income or gains are applied exclusively for charitable purposes. No tax charge arose in the period.
## **Tangible fixed assets**
Individual fixed assets costing £100.00 or more are initially recorded at cost.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Website|20% straight line basis|
|Office equipment|25% straight line basis|
|Equipment|25% reducing balance|
## **Impairment of fixed assets**
Trophies are held at fair value where this can be reliably measured and assets are impaired for any reduction in value.
## **Fixed asset investments**
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Page 7
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **Leases**
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the surplus or deficit on a straight-line basis over the period of the lease.
Included within the financial statements office equipment was leased at an annual cost of £792 this lease has now completed and there is no lease commitment at 31 March 2022.
## **Stock**
Stocks are valued at the lower of cost and net realisable value.
## **Trade debtors**
Debtors are amounts due from customers and members for merchandise sold, services provided and subscriptions occuring in the ordinary course of the charity's activities.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the charity from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
## **Financial instruments**
## _**Classification**_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Page 8
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## _**Fair value measurement**_
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Gift aid reclaimed|**Unrestricted**
**funds**
**General**
**£**
2,680
1,500
4,180|**Total**
**2022**
**£**
2,680
1,500
4,180|**Total**
**2021**
**£**
2,527
2,500|
|---|---|---|---|
||||5,027|
## **3 Income from charitable activities**
|Subscriptions
National Show income|**Unrestricted**
**General**
**£**
31,568
971
32,539|**Total**
**2022**
**£**
31,568
971
32,539|**Total**
**2021**
**£**
23,989
-|
|---|---|---|---|
||||23,989|
Page 9
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **4 Income from other trading activities**
## **Unrestricted**
|Trading income;
Judging tests
Ringing scheme
Sales of merchandise
Sale of British Poultry Standards
Royalties
Advertising and sponsorship income|**General**
**£**
263
11,228
720
277
106
7,400
19,994|**Total**
**2022**
**£**
263
11,228
720
277
106
7,400
19,994|**Total**
**2021**
**£**
150
14,219
693
1,502
181
-
16,745|
|---|---|---|---|
## **5 Investment income**
|Income from dividends;
Dividends receivable
Interest receivable and similar income;
Interest receivable on bank deposits
Other investment income
**6**
**Other income**
Investec Capital Loss Guarantee Value|**Unrestricted**
**General**
**£**
1,746
149
254
2,149||**Total**
**2022**
**£**
1,746
149
254
2,149
**Total**
**2022**
**£**
-|**Total**
**2021**
**£**
1,074
569
-
1,643
**Total**
**2021**
**£**
(4,433)|
|---|---|---|---|---|
Page 10
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **7 Expenditure on raising funds**
## **a) Costs of trading activities**
## **Unrestricted**
||**Unrestricted**|||
|---|---|---|---|
|Opening stock
Ringing scheme
Merchandise (incl standards book)
Closing stock
Marketing and publicity|**General**
**£**
6,840
6,475
1,400
(7,670)
492
7,537|**Total**
**2022**
**£**
6,840
6,475
1,400
(7,670)
492
7,537|**Total**
**2021**
**£**
6,359
5,925
1,671
(6,840)
-|
||||7,115|
## **8 Expenditure on charitable activities**
## **Unrestricted**
||**Unrestricted**|||
|---|---|---|---|
|Staff costs
Trustees expenses
Secretary's expenses
Insurance
Rosettes, awards and prize cards
Junior promotional packs
European entente and memberships
Postage expenses
Telephone and fax
Computer and website costs
Printing and stationery
Room hire and meeting costs
National show expenditure
Sundry expenses
Advertising and promotional expenses
Accountancy fees
Legal and professional fees
Investment fees
Bad debts written off
Bank charges
Depreciation (incl website)|**General**
**£**
18,837
2,363
768
2,197
(864)
2
132
4,668
634
352
3,872
873
3,515
206
590
2,237
2,370
1,401
(1,007)
1,817
3,382
48,345|**Total**
**2022**
**£**
18,837
2,363
768
2,197
(864)
2
132
4,668
634
352
3,872
873
3,515
206
590
2,237
2,370
1,401
(1,007)
1,817
3,382
48,345|**Total**
**2021**
**£**
17,940
-
110
2,028
1,341
-
222
4,725
628
537
5,966
14
170
78
420
1,717
882
2,132
294
1,320
2,889|
||||43,413|
Page 11
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **9 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
Expenses totalling £2,363 were paid to the trustees this year.
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year. However P Wilson received royalties from the publishers of Standards Books.
## **10 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries|**2022**
**£**
18,837|**2021**
**£**
17,940|
|---|---|---|
No employee received emoluments of more than £60,000 during the year
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **12 Tangible fixed assets**
|**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021|**Equipment**
**£**
6,288
-
6,288
5,253
260
5,513
775
1,035|**Office**
**equipment**
**£**
1,319
2,308
3,627
1,021
726
1,747
1,880
298|**Trophies**
**£**
162,702
-
162,702
140,408
-
140,408
22,294
22,294|**Website**
**£**
11,982
-
11,982
7,188
2,396
9,584
2,398
4,794|**Total**
**£**
182,291
2,308|
|---|---|---|---|---|---|
||||||184,599|
||||||153,870
3,382|
||||||157,252|
||||||27,347|
||||||28,421|
Page 12
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **13 Fixed asset investments**
|**13 Fixed asset investments**||||||
|---|---|---|---|---|---|
|Investments
**Other investments**
**Cost or Valuation**
At 1 April 2021
Revaluation
Additions
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021
**14 Stock**
Stocks
**15 Debtors**
Trade debtors
Prepayments
Other debtors
**16 Cash and cash equivalents**
Cash on hand
Cash at bank
Short-term deposits|||**2022**
**£**
138,275
**Listed**
**investments**
**£**
133,058
3,838
1,379||**2021**
**£**
133,058|
||||||**Total**
**£**
133,058
3,838
1,379
138,275
138,275
133,058
**2021**
**£**
10,575|
||||138,275|||
||||138,275|||
||||133,058|||
||||**2022**
**£**
14,241
**2022**
**£**
6,476
54,511
4,002
64,989
**2022**
**£**
69
20,265
40,825
61,159|||
||||||**2021**
**£**
(82)
11,453
2,500|
||||||13,871|
||||||**2021**
**£**
69
49,150
40,680|
||||||89,899|
Page 13
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **17 Creditors: amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals
**18 Funds**
**Unrestricted**
General
**Unrestricted**
General|**Balance at 1**
**April 2021**
**£**
271,519
**Balance at 1**
**April 2020**
**£**
261,582|**Incoming**
**resources**
**£**
58,862
**Incoming**
**resources**
**£**
42,971|**2022**
**£**
1,528
590
1,678
23,877
27,673
**Resources**
**expended**
**£**
(52,043)
**Resources**
**expended**
**£**
(33,035)|**2021**
**£**
589
781
1,321
1,615|
|---|---|---|---|---|
|||||4,306|
|||||**Balance at 31**
**March 2022**
**£**
278,338|
|||||**Balance at 31**
**March 2021**
**£**
271,518|
Page 14
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **19 Analysis of net assets between funds**
|**19 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
**20 Analysis of net funds**
Cash at bank and in hand
Net funds
Cash at bank and in hand
Net funds|**Unrestricted**
**funds**
**General**
**£**
27,347
138,275
140,389
(27,673)
278,338
**Unrestricted**
**funds**
**General**
**£**
28,421
133,058
114,345
(4,306)
271,518
**At 1 April**
**2021**
**£**
**Financing cash**
**flows**
**£**
89,899
(28,740)
89,899
(28,740)
**At 1 April 2020**
**£**
**Cash flow**
**£**
86,373
3,526
86,373
3,526||**Total funds at**
**31 March**
**2022**
**£**
27,347
138,275
140,389
(27,673)
278,338
**Total funds at**
**31 March**
**2021**
**£**
28,421
133,058
114,345
(4,306)
271,518
**At 31 March**
**2022**
**£**
61,159|
||||61,159|
||||**At 31 March**
**2021**
**£**
89,899
89,899|
|||3,526||
Page 15
## **The Poultry Club of Great Britain**
## **Statement of Financial Activities by fund for the Year Ended 31 March 2022**
|**Income and Endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investment income
Investec Capital Loss Guarantee
Total income
**Expenditure on:**
Raising funds
Charitable activities
Gain/(loss) on programme related investments
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Unrestricted**
**funds**
**2022**
**£**
4,180
32,539
19,994
2,149
-
58,862
(7,537)
(48,345)
3,839
(52,043)
6,819
6,819
271,519
278,338|**Unrestricted**
**funds**
**2021**
**£**
5,027
23,989
16,745
1,643
(4,433)|
|---|---|---|
|||42,971|
|||(7,115)
(43,413)
17,493|
|||(33,035)|
|||9,936|
|||9,936
261,582|
|||271,518|
This page does not form part of the statutory financial statements. Page 16
## **The Poultry Club of Great Britain**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022**
|**_Donations and legacies_**
Sundry income and donations
Gift Aid tax reclaimed
**_Charitable activities_**
Subscriptions
National Show income
**_Other trading activities_**
Judging tests
Ringing scheme
Sales of merchandise
Sale of British Poultry Standards
Royalties
Advertising and sponsorship income
**_Investment income_**
Gift aid payments from group undertakings
Dividends from shares in associated undertakings
Interest on cash deposits
**_Other income_**
Investec Capital Loss Guarantee
**_Raising funds_**
Opening stock
Ringing scheme
Merchandise (incl standards book)
Closing stock
Advertising|**Total**
**2022**
**£**
2,680
1,500
4,180
31,568
971
32,539
263
11,228
720
277
106
7,400
19,994
254
1,746
149
2,149
-
-
(6,840)
(6,475)
(1,400)
7,670
(492)
(7,537)|**Total**
**2021**
**£**
2,527
2,500|
|---|---|---|
|||5,027|
|||23,989
-|
|||23,989|
|||150
14,219
693
1,502
181
-|
|||16,745|
|||-
1,074
569|
|||1,643|
|||(4,433)|
|||(4,433)|
|||(6,359)
(5,925)
(1,671)
6,840
-|
|||(7,115)|
This page does not form part of the statutory financial statements. Page 17
## **The Poultry Club of Great Britain**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022**
|**_Charitable activities_**
Trustees expenses
Secretary's expenses
Insurance
Rosettes, awards and prize cards
Junior promotional packs
European entente and memberships
Postage expenses
Telephone and fax
Computer and website costs
Printing and stationery
Room hire and meeting costs
National show expenditure
Sundry expenses
Advertising and promotional expenses
Accountancy fees
Legal and professional fees
Investment fees
Bad debts written off
Bank charges
Depreciation (incl website)
Staff costs
**_Other expenditure_**
Gain/(loss) on programme related investments|**Total**
**2022**
**£**
(2,363)
(768)
(2,197)
864
(2)
(132)
(4,668)
(634)
(352)
(3,872)
(873)
(3,515)
(206)
(590)
(2,237)
(2,370)
(1,401)
1,007
(1,817)
(3,382)
(18,837)
(48,345)
3,839
3,839|**Total**
**2021**
**£**
-
(110)
(2,028)
(1,341)
-
(222)
(4,725)
(628)
(537)
(5,966)
(14)
(170)
(78)
(420)
(1,717)
(882)
(2,132)
(294)
(1,320)
(2,889)
(17,940)|
|---|---|---|
|||(43,413)|
|||17,493|
|||17,493|
This page does not form part of the statutory financial statements. Page 18
Charity registration number: 298415
## The Poultry Club of Great Britain
Annual Report and Financial Statements
for the Year Ended 31 March 2022
## **The Poultry Club of Great Britain**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Statement of Trustees' Responsibilities|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 15|
## **The Poultry Club of Great Britain**
## **Reference and Administrative Details**
**Chairman** Mr Lee Grant **Trustees** Mr Alexander James Young Mr Paul Kerfoot Mr Andrew Vincent Marment Mr Thomas William Oldcorn Prof. Philippe Barrie Wilson Mr Lee Grant Mr Martin Torr Anderson Mr Jonathan Michael Grubb Mr Ewan Jones Mr Roger Thomas Mr John Halley (to 20 April 2021) Mr David Pannell Mr Daniel Nixon Rev. Daniel Reed (to 12 February 2022) Mr Michael Hatcher Mr Matthew Barrett (to 25 June 2021) **Secretary** Mrs Kate Dickinson **Principal Office** Chattlehope House Catcleugh Newcastle upon Tyne NE19 1TY **Charity Registration Number** 298415 **Bankers** National Westminster Bank PLC Boston Branch 10 Market Place Lincolnshire PE21 6EJ **Accountant** TyneRede Accountancy Ltd Lloyds Bank House Bellingham Hexham Northumberland NE48 2AZ
Page 1
## **The Poultry Club of Great Britain**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 16 August 2022 and signed on its behalf by:
Lee Grant Trustee
Page 2
## **The Poultry Club of Great Britain**
## **Independent Examiner's Report to the trustees of The Poultry Club of Great Britain**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 4 to 15.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of The Poultry Club of Great Britain you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Poultry Club of Great Britain's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of The Poultry Club of Great Britain as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Christopher Gillie FCCA TyneRede Accountancy Limited
Lloyds Bank House Bellingham Hexham Northumberland NE48 2AZ
16 August 2022
Page 3
## **The Poultry Club of Great Britain**
## **Statement of Financial Activities for the Year Ended 31 March 2022**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investment income
5
Other income
6
Total Income
**Expenditure on:**
Raising funds
Charitable activities
Gain/(loss) on programme related investments
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18|**Unrestricted**
**£**
4,180
32,539
19,994
2,149
-
58,862
(7,537)
(48,345)
3,839
(52,043)
6,819
271,519
278,338|**Total**
**2022**
**£**
4,180
32,539
19,994
2,149
-
58,862
(7,537)
(48,345)
3,839
(52,043)
6,819
271,519
278,338|**Total**
**2021**
**£**
5,027
23,989
16,745
1,643
(4,433)|
|---|---|---|---|
||||42,971|
||||(7,115)
(43,413)
17,493|
||||(33,035)|
||||9,936
261,582|
||||271,518|
The movement in funds before and after gains and losses on programme related investments are disclosed below:
- Fund movement before gain/(loss) on programme related investments £2.980 (2021 - (£7,557)).
- Fund movement after gain/(loss) on programme related investments £6,819 (2021 - £9,936).
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2022 and 2021 are shown in note 18.
The notes on pages 6 to 15 form an integral part of these financial statements. Page 4
## **The Poultry Club of Great Britain**
## **(Registration number: 298415) Balance Sheet as at 31 March 2022**
|**Note**
**Fixed assets**
Tangible assets
12
Investments
13
**Current assets**
Stocks
14
Debtors
15
Cash at bank and in hand
16
**Creditors: Amounts falling due within one year**
17
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted
18
**Total funds**
19|**2022**
**£**
27,347
138,275
165,622
14,241
64,989
61,159
140,389
(27,673)
112,716
278,338
278,338
278,338|**2021**
**£**
28,421
133,058|
|---|---|---|
|||161,479|
|||10,575
13,871
89,899|
|||114,345
(4,306)|
|||110,039|
|||271,518|
|||271,518|
|||271,518|
The financial statement on pages 4 to 14 were approved by the tustees, and authorised for issue 16 August 2022 and signed on their behalf by:
Lee Grant Trustee
The notes on pages 6 to 15 form an integral part of these financial statements. Page 5
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
The Poultry Club of Great Britain meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. All figures are quoted in sterling and there are no overseas currency conversions.
## **Exemption from preparing a cash flow statement**
The charity adopts Bulletin 1 (February 2016) and have therefore not included a cash flow statement in these financial statements.
## **Going concern**
The 2021 National Show was cancelled due to Avian Influenza restrictions and the 2020 National Show was cancelled due to Covid-19. The 2019 Show resulted in a very small surplus. Not having this surplus will have a negligible effect. It is recognised that without a December Show membership could fall as many members pay membership with their show entry. Given the strength of the balance sheet and availability and liquidity, the trustees believe that while uncertainty exists, this does not pose a material uncertainty that would cast doubt on the charity's ability to continue as a going concern. The trustees therefore consider it appropriate for the accounts to be prepared on a going concern basis.
## **Reserves**
Sufficient reserves exist to ensure that any liability that may occur in the following 12 months may be met. At 31st March 2022 the trustees consider that £70,000 is sufficient.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Investment income**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Page 6
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to any given category. Costs not yet invoiced, but where goods or services have been provided, are included where the amount owed can be estimated reliably. Where timing of costs are uncertain, amounts are classified as a provision.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Taxation**
The Poultry Club of Great Britain is a charity within the meaning of Paragraph 1 Schedule 6 Finance Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992,to the extent that such income or gains are applied exclusively for charitable purposes. No tax charge arose in the period.
## **Tangible fixed assets**
Individual fixed assets costing £100.00 or more are initially recorded at cost.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Website|20% straight line basis|
|Office equipment|25% straight line basis|
|Equipment|25% reducing balance|
## **Impairment of fixed assets**
Trophies are held at fair value where this can be reliably measured and assets are impaired for any reduction in value.
## **Fixed asset investments**
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Page 7
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **Leases**
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the surplus or deficit on a straight-line basis over the period of the lease.
Included within the financial statements office equipment was leased at an annual cost of £792 this lease has now completed and there is no lease commitment at 31 March 2022.
## **Stock**
Stocks are valued at the lower of cost and net realisable value.
## **Trade debtors**
Debtors are amounts due from customers and members for merchandise sold, services provided and subscriptions occuring in the ordinary course of the charity's activities.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the charity from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
## **Financial instruments**
## _**Classification**_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Page 8
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## _**Fair value measurement**_
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Gift aid reclaimed|**Unrestricted**
**funds**
**General**
**£**
2,680
1,500
4,180|**Total**
**2022**
**£**
2,680
1,500
4,180|**Total**
**2021**
**£**
2,527
2,500|
|---|---|---|---|
||||5,027|
## **3 Income from charitable activities**
|Subscriptions
National Show income|**Unrestricted**
**General**
**£**
31,568
971
32,539|**Total**
**2022**
**£**
31,568
971
32,539|**Total**
**2021**
**£**
23,989
-|
|---|---|---|---|
||||23,989|
Page 9
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **4 Income from other trading activities**
## **Unrestricted**
|Trading income;
Judging tests
Ringing scheme
Sales of merchandise
Sale of British Poultry Standards
Royalties
Advertising and sponsorship income|**General**
**£**
263
11,228
720
277
106
7,400
19,994|**Total**
**2022**
**£**
263
11,228
720
277
106
7,400
19,994|**Total**
**2021**
**£**
150
14,219
693
1,502
181
-
16,745|
|---|---|---|---|
## **5 Investment income**
|Income from dividends;
Dividends receivable
Interest receivable and similar income;
Interest receivable on bank deposits
Other investment income
**6**
**Other income**
Investec Capital Loss Guarantee Value|**Unrestricted**
**General**
**£**
1,746
149
254
2,149||**Total**
**2022**
**£**
1,746
149
254
2,149
**Total**
**2022**
**£**
-|**Total**
**2021**
**£**
1,074
569
-
1,643
**Total**
**2021**
**£**
(4,433)|
|---|---|---|---|---|
Page 10
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **7 Expenditure on raising funds**
## **a) Costs of trading activities**
## **Unrestricted**
||**Unrestricted**|||
|---|---|---|---|
|Opening stock
Ringing scheme
Merchandise (incl standards book)
Closing stock
Marketing and publicity|**General**
**£**
6,840
6,475
1,400
(7,670)
492
7,537|**Total**
**2022**
**£**
6,840
6,475
1,400
(7,670)
492
7,537|**Total**
**2021**
**£**
6,359
5,925
1,671
(6,840)
-|
||||7,115|
## **8 Expenditure on charitable activities**
## **Unrestricted**
||**Unrestricted**|||
|---|---|---|---|
|Staff costs
Trustees expenses
Secretary's expenses
Insurance
Rosettes, awards and prize cards
Junior promotional packs
European entente and memberships
Postage expenses
Telephone and fax
Computer and website costs
Printing and stationery
Room hire and meeting costs
National show expenditure
Sundry expenses
Advertising and promotional expenses
Accountancy fees
Legal and professional fees
Investment fees
Bad debts written off
Bank charges
Depreciation (incl website)|**General**
**£**
18,837
2,363
768
2,197
(864)
2
132
4,668
634
352
3,872
873
3,515
206
590
2,237
2,370
1,401
(1,007)
1,817
3,382
48,345|**Total**
**2022**
**£**
18,837
2,363
768
2,197
(864)
2
132
4,668
634
352
3,872
873
3,515
206
590
2,237
2,370
1,401
(1,007)
1,817
3,382
48,345|**Total**
**2021**
**£**
17,940
-
110
2,028
1,341
-
222
4,725
628
537
5,966
14
170
78
420
1,717
882
2,132
294
1,320
2,889|
||||43,413|
Page 11
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **9 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
Expenses totalling £2,363 were paid to the trustees this year.
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year. However P Wilson received royalties from the publishers of Standards Books.
## **10 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries|**2022**
**£**
18,837|**2021**
**£**
17,940|
|---|---|---|
No employee received emoluments of more than £60,000 during the year
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **12 Tangible fixed assets**
|**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021|**Equipment**
**£**
6,288
-
6,288
5,253
260
5,513
775
1,035|**Office**
**equipment**
**£**
1,319
2,308
3,627
1,021
726
1,747
1,880
298|**Trophies**
**£**
162,702
-
162,702
140,408
-
140,408
22,294
22,294|**Website**
**£**
11,982
-
11,982
7,188
2,396
9,584
2,398
4,794|**Total**
**£**
182,291
2,308|
|---|---|---|---|---|---|
||||||184,599|
||||||153,870
3,382|
||||||157,252|
||||||27,347|
||||||28,421|
Page 12
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **13 Fixed asset investments**
|**13 Fixed asset investments**||||||
|---|---|---|---|---|---|
|Investments
**Other investments**
**Cost or Valuation**
At 1 April 2021
Revaluation
Additions
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021
**14 Stock**
Stocks
**15 Debtors**
Trade debtors
Prepayments
Other debtors
**16 Cash and cash equivalents**
Cash on hand
Cash at bank
Short-term deposits|||**2022**
**£**
138,275
**Listed**
**investments**
**£**
133,058
3,838
1,379||**2021**
**£**
133,058|
||||||**Total**
**£**
133,058
3,838
1,379
138,275
138,275
133,058
**2021**
**£**
10,575|
||||138,275|||
||||138,275|||
||||133,058|||
||||**2022**
**£**
14,241
**2022**
**£**
6,476
54,511
4,002
64,989
**2022**
**£**
69
20,265
40,825
61,159|||
||||||**2021**
**£**
(82)
11,453
2,500|
||||||13,871|
||||||**2021**
**£**
69
49,150
40,680|
||||||89,899|
Page 13
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **17 Creditors: amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals
**18 Funds**
**Unrestricted**
General
**Unrestricted**
General|**Balance at 1**
**April 2021**
**£**
271,519
**Balance at 1**
**April 2020**
**£**
261,582|**Incoming**
**resources**
**£**
58,862
**Incoming**
**resources**
**£**
42,971|**2022**
**£**
1,528
590
1,678
23,877
27,673
**Resources**
**expended**
**£**
(52,043)
**Resources**
**expended**
**£**
(33,035)|**2021**
**£**
589
781
1,321
1,615|
|---|---|---|---|---|
|||||4,306|
|||||**Balance at 31**
**March 2022**
**£**
278,338|
|||||**Balance at 31**
**March 2021**
**£**
271,518|
Page 14
## **The Poultry Club of Great Britain**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **19 Analysis of net assets between funds**
|**19 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
**20 Analysis of net funds**
Cash at bank and in hand
Net funds
Cash at bank and in hand
Net funds|**Unrestricted**
**funds**
**General**
**£**
27,347
138,275
140,389
(27,673)
278,338
**Unrestricted**
**funds**
**General**
**£**
28,421
133,058
114,345
(4,306)
271,518
**At 1 April**
**2021**
**£**
**Financing cash**
**flows**
**£**
89,899
(28,740)
89,899
(28,740)
**At 1 April 2020**
**£**
**Cash flow**
**£**
86,373
3,526
86,373
3,526||**Total funds at**
**31 March**
**2022**
**£**
27,347
138,275
140,389
(27,673)
278,338
**Total funds at**
**31 March**
**2021**
**£**
28,421
133,058
114,345
(4,306)
271,518
**At 31 March**
**2022**
**£**
61,159|
||||61,159|
||||**At 31 March**
**2021**
**£**
89,899
89,899|
|||3,526||
Page 15
## **The Poultry Club of Great Britain**
## **Statement of Financial Activities by fund for the Year Ended 31 March 2022**
|**Income and Endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investment income
Investec Capital Loss Guarantee
Total income
**Expenditure on:**
Raising funds
Charitable activities
Gain/(loss) on programme related investments
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Unrestricted**
**funds**
**2022**
**£**
4,180
32,539
19,994
2,149
-
58,862
(7,537)
(48,345)
3,839
(52,043)
6,819
6,819
271,519
278,338|**Unrestricted**
**funds**
**2021**
**£**
5,027
23,989
16,745
1,643
(4,433)|
|---|---|---|
|||42,971|
|||(7,115)
(43,413)
17,493|
|||(33,035)|
|||9,936|
|||9,936
261,582|
|||271,518|
This page does not form part of the statutory financial statements. Page 16
## **The Poultry Club of Great Britain**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022**
|**_Donations and legacies_**
Sundry income and donations
Gift Aid tax reclaimed
**_Charitable activities_**
Subscriptions
National Show income
**_Other trading activities_**
Judging tests
Ringing scheme
Sales of merchandise
Sale of British Poultry Standards
Royalties
Advertising and sponsorship income
**_Investment income_**
Gift aid payments from group undertakings
Dividends from shares in associated undertakings
Interest on cash deposits
**_Other income_**
Investec Capital Loss Guarantee
**_Raising funds_**
Opening stock
Ringing scheme
Merchandise (incl standards book)
Closing stock
Advertising|**Total**
**2022**
**£**
2,680
1,500
4,180
31,568
971
32,539
263
11,228
720
277
106
7,400
19,994
254
1,746
149
2,149
-
-
(6,840)
(6,475)
(1,400)
7,670
(492)
(7,537)|**Total**
**2021**
**£**
2,527
2,500|
|---|---|---|
|||5,027|
|||23,989
-|
|||23,989|
|||150
14,219
693
1,502
181
-|
|||16,745|
|||-
1,074
569|
|||1,643|
|||(4,433)|
|||(4,433)|
|||(6,359)
(5,925)
(1,671)
6,840
-|
|||(7,115)|
This page does not form part of the statutory financial statements. Page 17
## **The Poultry Club of Great Britain**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022**
|**_Charitable activities_**
Trustees expenses
Secretary's expenses
Insurance
Rosettes, awards and prize cards
Junior promotional packs
European entente and memberships
Postage expenses
Telephone and fax
Computer and website costs
Printing and stationery
Room hire and meeting costs
National show expenditure
Sundry expenses
Advertising and promotional expenses
Accountancy fees
Legal and professional fees
Investment fees
Bad debts written off
Bank charges
Depreciation (incl website)
Staff costs
**_Other expenditure_**
Gain/(loss) on programme related investments|**Total**
**2022**
**£**
(2,363)
(768)
(2,197)
864
(2)
(132)
(4,668)
(634)
(352)
(3,872)
(873)
(3,515)
(206)
(590)
(2,237)
(2,370)
(1,401)
1,007
(1,817)
(3,382)
(18,837)
(48,345)
3,839
3,839|**Total**
**2021**
**£**
-
(110)
(2,028)
(1,341)
-
(222)
(4,725)
(628)
(537)
(5,966)
(14)
(170)
(78)
(420)
(1,717)
(882)
(2,132)
(294)
(1,320)
(2,889)
(17,940)|
|---|---|---|
|||(43,413)|
|||17,493|
|||17,493|
This page does not form part of the statutory financial statements. Page 18