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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent examiner's report to the trustees |
7 |
Statement of financial activities (including income and expenditure account) |
8 |
Statement of financial position |
9 |
Notes to the financial statements |
10 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
7 Castle Street |
office |
Bridgwater |
TA6 3DT |
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(Died
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(Appointed
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Company secretary |
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Independent examiner |
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7 Castle Street |
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Bridgwater |
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Somerset |
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TA6 3DT |
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2023 |
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£ |
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Farmlink |
16,000 |
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Ploughing Match |
14,500 |
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South West Winter Fair |
1,450 |
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West Somerset Training Group |
2,150 |
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Somerset Holsteins & Calf Show |
3,000 |
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RABI |
5,000 |
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Travel & Course Grants |
19,075 |
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Brymore Academy |
1,250 |
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FWAG South West |
8,000 |
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Other grants under £1,000 |
2,750 |
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ÄÄÄÄÄÄÄÄ |
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Total grants |
73,175 |
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ÍÍÍÍÍÍÍÍ |
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Market Valaution |
Income from Investments |
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£ |
£ |
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2012 |
1,131,779 |
43,854 |
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2013 |
1,284,614 |
55,658 |
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2014 |
1,370,907 |
53,756 |
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2015 |
1,407,860 |
49,294 |
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2016 |
1,271,102 |
59,843 |
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2017 |
1,434,542 |
56,059 |
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2018 |
1,379,402 |
61,790 |
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2019 |
1,369,546 |
57,875 |
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2020 |
1,320,748 |
58,273 |
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2021 |
1,320,718 |
42,556 |
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2022 |
1,450,200 |
54,346 |
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2023 |
1,502,256 |
52,648 |
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Trustee |
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Company Limited by Guarantee |
Independent Examiner's Report to the Trustees of
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2023 |
2022 |
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Unrestricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
Donations and legacies |
5 |
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Investment income |
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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Total income |
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ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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Investment management costs |
(
7,192) |
(
7,192) |
(
6,960) |
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Expenditure on charitable activities |
6,7 |
(
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(
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(
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Other expenditure |
9 |
(
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(
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(
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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Total expenditure |
(
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(
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(
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ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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Net gains/(losses) on investments |
10 |
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄ |
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Net (expenditure)/income and net movement in funds |
(
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(
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ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍ |
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Total funds brought forward |
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ÄÄÄÄÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄÄÄÄ |
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Total funds carried forward |
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ÍÍÍÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
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Company Limited by Guarantee |
Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Investments |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄ |
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Creditors: amounts falling due within one year |
17 |
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄ |
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Net current assets |
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ÄÄÄÄÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄÄÄÄ |
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Total assets less current liabilities |
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ÄÄÄÄÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄÄÄÄ |
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Net assets |
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ÍÍÍÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
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Unrestricted funds |
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ÄÄÄÄÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄÄÄÄ |
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Total charity funds |
18 |
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ÍÍÍÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
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Trustee |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Equipment |
- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Donations |
8 |
8 |
9 |
9 |
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ÍÍÍÍ |
ÍÍÍÍ |
ÍÍÍÍ |
ÍÍÍÍ |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Grants paid |
73,175 |
73,175 |
29,720 |
29,720 |
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Support costs |
5,359 |
5,359 |
8,789 |
8,789 |
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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Grant funding of activities |
Support costs |
Total funds 2023 |
Total fund 2022 |
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£ |
£ |
£ |
£ |
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Grants paid |
73,175 |
– |
73,175 |
29,720 |
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Governance costs |
– |
5,359 |
5,359 |
8,789 |
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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2023 |
2022 |
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£ |
£ |
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Grants to institutions |
54,100 |
27,800 |
Grants to individuals |
19,075 |
1,920 |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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Total grants |
73,175 |
29,720 |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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2023 |
2022 |
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£ |
£ |
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Agricultural Events and Purposes |
56,100 |
28,300 |
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Travel scholarships |
17,075 |
1,420 |
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
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73,175 |
29,720 |
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ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Printing, stationery and telephone |
53 |
53 |
76 |
76 |
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Companies House filing fee |
13 |
13 |
13 |
13 |
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Honorarium |
2,500 |
2,500 |
2,500 |
2,500 |
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Sundry expenses |
1,567 |
1,567 |
468 |
468 |
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ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
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ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Unrealised gains/(losses) on listed investments |
9,201 |
9,201 |
124,112 |
124,112 |
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Realised gains/(losses) on listed investments |
3,090 |
3,090 |
13,958 |
13,958 |
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ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄ |
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ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍ |
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2023 |
2022 |
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£ |
£ |
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Independent examination of the financial statements |
2,590 |
3,070 |
Other financial services |
3,890 |
5,640 |
ÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄ |
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ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
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Equipment |
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£ |
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Cost |
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At 1 March 2022 and 28 February 2023 |
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ÍÍÍÍÍÍÍ |
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Depreciation |
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At 1 March 2022 and 28 February 2023 |
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ÍÍÍÍÍÍÍ |
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Carrying amount |
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At 28 February 2023 |
– |
ÍÍÍÍÍÍÍ |
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At 28 February 2022 |
– |
ÍÍÍÍÍÍÍ |
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Listed investments |
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£ |
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Cost or valuation |
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At 1 March 2022 |
1,450,200 |
Additions |
47,281 |
Disposals |
(4,426) |
Fair value movements |
9,201 |
ÄÄÄÄÄÄÄÄÄÄÄÄ |
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At 28 February 2023 |
1,502,256 |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
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Impairment |
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At 1 March 2022 and 28 February 2023 |
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Carrying amount |
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At 28 February 2023 |
1,502,256 |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
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At 28 February 2022 |
1,450,200 |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
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2023 |
2022 |
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£ |
£ |
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Diageo Plc Old 28 101/108p |
88,225 |
93,125 |
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Astrazenca Plc Ord USD0.25 |
78,880 |
65,678 |
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BHP Group Plc Ord USD0.50 4 |
50,550 |
50,400 |
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Glaxosmithkline Ord GBP0.25 |
45,613 |
61,816 |
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Prudential Ord GBP0.05 |
51,415 |
46,028 |
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Reckitt Benckiser Group Plc Ord GBP0.10 |
40,334 |
44,247 |
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Relx Plc 14 51/116p |
62,575 |
57,025 |
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Rio Tinto Ord GBP0.10 |
68,544 |
69,492 |
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Smiths Group Plc 37 1/2p |
43,805 |
37,980 |
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Unilver Plc Ord 3.11p |
66,176 |
59,944 |
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Walt Disney Company Com Stk USD0.25 |
22,761 |
30,422 |
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National Grid ORD GBP0.12431289 |
40,348 |
43,536 |
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Land securities Group Ord GBP0.10661 |
31,432 |
36,295 |
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ÄÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄ |
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690,658 |
700,645 |
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ÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍ |
||
2023 |
2022 |
|
£ |
£ |
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Prepayments and accrued income |
|
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ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
|
2023 |
2022 |
|
£ |
£ |
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Accruals and deferred income |
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ÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍ |
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At 1 March 2022 |
Income |
Expenditure |
Gains and losses |
At 28 February 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
1,563,656 |
52,655 |
(89,859) |
12,291 |
1,538,743 |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
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At 1 March 2021 |
Income |
Expenditure |
Gains and losses |
At 28 February 2022 |
|
£ |
£ |
£ |
£ |
£ |
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General funds |
1,419,757 |
54,355 |
(48,526) |
138,070 |
1,563,656 |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
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Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
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Investments |
1,502,256 |
1,502,256 |
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Current assets |
44,155 |
44,155 |
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Creditors less than 1 year |
(7,668) |
(7,668) |
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ÄÄÄÄÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄÄÄÄ |
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Net assets |
1,538,743 |
1,538,743 |
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ÍÍÍÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
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Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
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Investments |
1,450,200 |
1,450,200 |
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Current assets |
122,221 |
122,221 |
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Creditors less than 1 year |
(8,765) |
(8,765) |
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ÄÄÄÄÄÄÄÄÄÄÄÄ |
ÄÄÄÄÄÄÄÄÄÄÄÄ |
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Net assets |
1,563,656 |
1,563,656 |
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ÍÍÍÍÍÍÍÍÍÍÍÍ |
ÍÍÍÍÍÍÍÍÍÍÍÍ |
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