ZWARTBLES SHEEP ASSOCtAnoN REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL 5TATEMEhTrs FOR THE YEAR ENDED 28 FEBRUARY 2025 Charity number. 1062319 Company number. CE014713
ZWARTBLES SHEEP A&SOCIATION Referenc• and Admlnlstratlon Inforniatlon Trustegs. Report Independent Ex•nlnofs Report Statemant of Flnanclal Acllvitles Balaneè Sheat Not¢• to the FinaneW Stat•m•nt• 7-10
ZWARTBLES SHEEP ASSOCIATION REFERENCE AND ADMINisfRATION INFORMATION CHARfTY NAME: Zwartbles Sheep Assoclauon CHARrrY NUIIJBER: 1062319 COMPANY NUMBER: CE014713 TRUSTEES: Mr G P Addi50n Mr A Baird Ms C A 8issett Mr5 G M Blamire (ReshJned 14 November 2024) Mr C J Cromie (Reslgned 14 Novemb8r 2024> Mr B J Gil)son Mr R J Hgi9h Mr D Jon85 Mi55 L Slmpson Mrs G Smith Mrm R Pe8r80 Mr J Casa MrCRae MsRSHurd (Appoiniad 14 November 2024) Ms P Browma (Appointed 14 Nov8mb8r 2024) Ms A M Robinson (Appointed 14 November 2024) Mr S R Gibson (Appointed 14 November 2024) (R8sp3ned 14 November 2024) {Résign&J 14 November 2024) SECREfARY: Mrs C M Corrnack OPERATIONAL ADDRESS: Oxn8m Neuk Farm Jedburgh Roxburghshirn T08 6RE INDepENDENT EXAMINER: Geoffrey Cox BA FCA Oaffems Audit Limited One Easiwood Hary Weston Road 81nley 8usiness Park Coventy CV3 2UB SOuC0Rs'. Wrighl H8@11 LLP Olympus Avenue Royal LeB wnirglon SFO CV34 68F BANKERS: Uoyds Bank 48 Beile Vue TerTac8 Malvem Worcester WR14 4QG
ZWARTBLES SHEEP ASSOCIATION REPORT OF THE TRUSTEES For the year ended 28 February 202S Tha Trustees present thelr port and Ihe financlal statements of the Charity for the year ended 28 February 2025. The Tw5tees have a(lopted ihe provtstons oflhe Statement of Recommended Practice (SORP) -Accounling and Reporting by Ch3rilies- in preparing Ihe Annual Report and financial stalernents of the Charity. Theftnancial Statements have been preparad In accordan wlth the Charltles Act 2011 and Accounllng and Reporting by Charities: Ststement of Recommended Practlce appliGable to charltie5 preparing their accounts in accordance wlth the Financial Reportin9 Standard appllcable In the UK and Republic of Ireland published in October 2019. Activltles and charitable objectives Tha wncipal activsties and charitable objecl've5 of the Assoclation are to advance the edutIOn orth8 public at larg8 by registering, monitoring and exhibiling Zwaribles sheep and Investigatsng and encoufaglng efficient breedlng ofzwartblos sheep with a view to improvlrvJ and Increasing ihe numbers of Ihe breed. Attracilng. stspporting and rélalning members to enable us to fv1fiS our objects. Conserving the breeo thTough consislent application of support based on a basis of veriffcaljon. Promoting and explaining our work lo organisations, new breeders and the general public. M8lntslning a flock book for regtstrauon of sheep In accordance wlth the rul•s and iegulotion$ tsf Ihe Ns8ociaknon. The Zwartblas Sheep Assoclali¢)n (ZSA) yearbook Is produced annually. This publkcallon Indudes the present members, details. the breed standards and arb"c18s of interest and general infommtion, as well as the AssociatiDn Rules. The Associabon website also contsins infDm)ation abDUt Zwartbles sheep. Publlc Bgnefft The Trust88s consider they have complied viilh their duty to have due regard to the guidance on public bgnefrt a5 published by the Charity Cornrnission, in exercising iheir power5 and duttes. Achievements and perfornianca The Council hefvs Iwo council melings in ihe financial year which were held in person. Thè AEsocia1Son continues lo encour3g8 classes at major shows. Th8 Royal Ulster Agri¢xllural Show, Th6 Royal Welsh, rhè Grèal Yorkshire. Thè Roya Highland. The Royal Bath and Wesl and other selected A9ricullural shows. The exhibition stand5 wenl lo three NSA sheep events. North Sheep. South Wesl Sheep and Sheep. The Association did not hold any open days. Sales of Zwartbles sheep were hele(I successfvlly at Carrle, Worcester and Northern Ireland. Flnanclal review The nel loss for th8 year amounted lo £812 {2024: profil of £88) which has baBn added to the reserves broughl (onvard leaving fund balances of £111.036 at lh8 year end. The Trustees consid8r the r8suIts lo be sab"sfactory. Reserves pollcy Tha Assoclation aims to hold financial reserves that cover one and a half year's operating expendilure. On 28 February 2025 the Associallon held free res8Nes amounb'ng to £111.036. Strnctur• Governanco and Management Governlng Document The Assocjatson is a Charltable Incorporated Organisation (CIO), and Is governed by Its constitution. The Association was registered as a Charity on 12 May 1997 (No: 1062319). Reeruitment and appointmont of the Council The Zwartbles Sheep Assoctation is njn by th8 Council. All Counckl members are also Truslees of the Charity- Trusie95 are appoirblod at the Annual General Meebng and retire by rotstion after three years. Reliring Trust88s are eligible for rE-eleGtion.
ZWARTBLES SHEEP ASSOCIATION REPORT OF THE TRUSTEES {continuedl For the year ended 28 February 2025 Trustee Induetlon and knlnlng New Trvslees are briefed by thè Chalrmanlcouncu on thelr obfsgations as Council members and the ture plans and oblecbves of the Society. Minutes of previous meetlngs arg also available for new Coundt Members upon requesL Rlsk revl Internal corthol risks are minimlsed by the implementatlon of written procedures and Iln8s of communlcation for aulhorfsation of transacuons. Speclallst advice has been obtained io ensure compllance with health and safety requirements. Staff trainin9 has also been provlded for sle matters. Every item of work 11 be assessed and Improvements In protocol made where necessary. Approved by the rustees and signed on Its behalf by: MrA Barld Chairn18n Date..
ZWARfBLES SHEEP ASSOCIATION INDEPENDENT EXAMINERS REPORT Forthe year ended 28 February 2025 I report to the Charity Trustees on my examlnation ofthe accounts of the Charfty for year ended 28 February 2025. whlch are set out on pages 5 to 10. R•sponsibilitles and basis of report As the ChaiiV5 Trustees you are responslbte for the preparauon Of the accounts ID 8ccordanc• wlth the requlrements of the Chatiiies Act 2011 (-Ih8 Acn. I repDrt in respect of my ex2mlnatlon of ihe Charlty's accounts carried out bjnder sectlon 145 ofthe ACL In carrying out rny examlnatlon I have followed all the appllcabl8 Dlrectlons given by the Charfty Commlsslon under se¢tSon 145(5) {b) of ihe ACL Independent examlnerfs slatement I hav8 ojmpleted my examination. I confirm thal no mallgr5 have come to my attenlion In connection v41th Ihe examinath)n glvlng mg cause to belleve Ihat In any materfal respecL' aOuntIng records were not kepl in réspect of the Charity as required by seclion 386 of th8 21J06 Act., or the accounts do not accord wlth thos8 records: or the accounts do not tmplY with Ihe applicable requiraments conceming the fomi and ttirbténl of accounts set out in the Charilies {AGcounts 2tKI Reports) Regulations 2008 other Ihan any r8quirement th81 thè accAiunts give 8 Ima and lair VI8 which Is nol a matter consKknad as part of an Independent exarnlnation. I have no concerns and have come armss no other matters in connection wth the ex8min8tion io which •ttentlon should ba drawn in thls raport in order to ?nable 8 proper understanding of thè actounts to b& reached. Geoffrey Cox BA FCA (Institute of Chartered AcA)untants in England and Wales) D8ffem5 Audit Miled Chartered AcD)untsnts Onè Easiwood Hary Weston Road Blnley Business Park Coventy CV3 2UB Date.. 3 0
ZWARTBLES SHEEP ASSOCIATION STATEMENT OF FINANCIAL ACTiwllES For the year ended 28 February 2023 Unrestrlcted funds 2025 INCOME FROM: Charftable activities Member5 sub5criplions Registratlons Merchandlso sal AGM. yearf>ook and adv8rtislng S81es commlsslon. lavles and entry fees Other income 19,900 20,548 188 2.200 3.113 2.154 21.125 17.219 617 2.827 2.416 Inve8bnent incorne Bank Interest 125 3.900 Totsl income 48,228 49.102 EXPENDrruRE ON: Chadtsbla aGllvlttes SAles costs Pubb'city. adv8rttslr¥J and yeartjook Merch8fidise purchases Exhibilions and open days NSA subscription Website and computer software 2,079 s,sso 1,225 356 1,348 331 2.343 650 1,507 Support Cosls (not allo¢at•d) Secrelarfs rem¢Jneralion Office runnlng costs Insurance Prfnling. stalionery. postage arKI telephone Hire of equipment retsry's travelling expenses Bank tharges AOUn1ncY C(Junul travel, expanses and wuncil meeting costs Sundnes 8ad debt provision 18,580 4.500 1.223 7.158 1,428 1,380 281 2.520 1,686 268 270 18.540 2.475 1,074 9.118 2,043 24 2.640 1.700 Totsl oxpgndllura 49.014 Net {•xpenditure)fincome {812) Fund balances at 01 March 2024 111.848 111.760 Fund balances at 28 February 2025 111,036 The noles on pages 7 to 10 fomi part of th&se firtancial statemenl
ZWARTBLES SHEEP ASSOCIATION BALANCE SHEET As at 28 February 2025 2025 2024 Flxed assets Tangibl8 assets CUnt assets Stod( DebtOF5 Im*e5trnents- d8posIts Cash at bank and in hand 867 2.311 79,965 44.437 127.5 1,034 4,381 80.000 44.004 129.419 Curront Ilabllltles CredItS - amounts falling due within onè year 17.571 Not curront a85•19 111,036 111,848 Not a$86ts 111.848 FlnanGed by. Unrestrlctad frJnds 10 111036 The financial sl temants were approved by 8oard ofTru5180s m and were 5ignad on Its behalf by". MrA 8alrd Chalrnian /,/zrf Thè nol&s on pages 7 10 fom) part of Ilwse financial stat8menb.
ZWARTBLES SHEEP ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 28 February 2025 l. General infotmatlon and basis of preparntlon The Zwartbles Sheep Associalion is a charilable incorporated organisation (CIO) in England and Wales. The operallonal address Is gwen in the Charity infoTTnation on page 1 of these tlnancial ststemenls. The nature ol the Charity's operalions and prfnapal activities are stated on pages 2-3. The Charity constilmles a public benefit 8ntity as dellned by FRS 102. The financial statemenls ave been prepared In 8CCOfdance wilh Accounting and Reportlng by Charltses.. Stalemenl of Re¢ommended Practlce applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandard appllcable in Ihe UK and Republlc Of Ireland IFRS 102) issuecl In October 2019, the Fiftancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Ihe Charities Act 2011. and UK Generally Accepted Accounting PfaGIiGg. The finanuial statements a prepared on a going concem bas15 under the historical cost convention. The financial statemenls are presen18d in sterting {£) which is the lun¢liortal currency of the Charity and rounded lo the nearesl pound. The significani accounting policies applied fft Ihe preparation of ihesa financlal stslemenis arè sel Out below. These policies have been consistenily applied to all years prnted Lsnless olherwise stated. 2. Accounilng polic149 Income reeognftion All incoming resourcas are included in the Stalement of Financial A¢ilvities (SOFA) when Charity is legally aftlill6d to ihe Incomè after any performance condiliong have beèn mot. the amount can be measured retiably and It 15 probable that ihe InGorne Yill be recelved. Investrnent Inu)mE Is earned Ihrough holdlng assets for Inv85lment purposes suGh as shares and property. It includes dNidends. intefést and renL Whare it is not pracb'¢able to identify Investment management costs incurred Wthin a scheme wllh reasonable accuracy the Inveslment income is reported net ol these cosls. It is indude(I when the amount can be measured reliably. Interest income is recognised using the effectSve Interesl method and dividend and rent Incomé Is reGognised as the Charity's nghtto receive paymant Is estsblished. Expendlture reGognition AJI expendilurg Is accounted for on an accruals basis and has been classified under headlngs that aggregate all costs related lo the category. Expenditure reGo9nised where there is a legal or Gonslruclive obligation lo make paymenls to Ihird parties, it is probable Ihat Ihe settlement will be requiréd. and the amount of the obligation can be measurèd feliab Operating leases Rentals payable and receivable under op8rating ie8Èes are charged to thè SOFA on a straighl line basis over the period of the lease. Tangible fixed assels Tangible fixed assets are stated at cost (or deemed cost) or valuatlon less accumulated d8preeiation and accumulaied impalmient losses. Cts3t includes ¢08ls dlr8clly altribulabl8 to maklng the asset capable of operating as iiitended. Depret?ation is provided at ihe fonowin9 annual rates in OTder to write off each 355et over lis estimated usefvl lrfe: Fixtures and fittings- 20Yo straighl fine Computer equipment- 33.3% straight line
ZWARTBLES SHEEP ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the year ended 28 February 202S Stocks Siock comprises goods for Tesale. Stocks are valued at the lower of cost and net realÉsable lue. after making dué allowance for obsolete and slow MoTrg items. Debt0 and credltors receivable I payable thIn one year DebloTr and Ixeditars wlth no staled inlerestrate and recetvable or payable within one year are recorded at transactlon price. Any 1055es arislng from impalmient are recognised in expenditure. Investmènts Investrnents represenl moni&s on depostt on a one ye8r red term. Fund accounlln9 Unrestrlcted fvnds are available for use at the discretion of the Trustees In furtherance of the general objectives of lh¢ Charlty and whlch have r40t been de31gnated for other purp)ses. ReSIrted funds can only b8 US8d In accordanc6 wilh Ih@ r•strlcllon imposod upon them. 3. Indndent examSneT8 remunerntion The irNlependent examin8r5 fee amounts lo £2.S20 {2024: £2,6401 Twxtee remuneration and other benefrt8 No rernuneration directly or Indifeclly out of th8 funds of th8 Ch8rily was paid or payable lor the current or prevtous year to any Trustee or lo any person or persons known to be conneGted with any of them. No reimbursement of exp8n58s has be8ri mad8 or is du8 trj b8 made Io 8ny ol the Trn8ts8$ in respect ofthe year or the preG8ding year. 5. Employoes The Ch8rity had no employees during the year (2024: N•). 6. Tanglble fixed as5•ts Fixtures and fftlingg Computer equipment Total Cost At 01 March 2024 Additions At 28 February 2025 1,417 3,383 1.966 1.417 383 Depreclatlon Al 01 March 2024 Charge for year At 28 February 2025 1.966 1,417 3,383 1.417 Net book value Al 28 February 2025 Al 28 Febwary 2024
ZWAirrBLES SHEEP ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {¢ontlnuedl Forthe year ended 28 February 2025 7. Stock 2025 '2Q24 Merthandise for resale 867 1,034 8. Dobtors 2025 2024 Tade Debtors Othar debl(¥s Pr•payrnents 1.732 1.742 2.100 539 5T9 4.381 9. Cr•dlloT5: amounts fallin9 du• wlthln on• year 2025 2024 Deferred income 2.900 13.644 2.900 14,671 Deferred inc4Jme relates io membership Subscription income in the current year and preCed1j ye8r. 10. Anafygfs of not assets betwaon funds Current y•ar Unrestrict Fund Total Fued assds CurTBnt assel Inv8Stm8nts Other current assets CUEnt liabilities 79. 47.615 (16,544) 47.615 (16,5441 Fund balance as at 28 February 2025 111.036 111,036
ZWARfBLES SHEEP ASSOCIATION OTES TO THE FINANCIAL STATEMENTS {contlnued) Forthe year ended 28 February 2025 Prior year Unrestrfcted Fund ed assets Current asset Inyesknents OttrEr current assets Current liablli118S 80.000 49.419 (17.571) 49.419 {17.S11) Fund balance as at28 February 2024 111.848 111.848 11. Relatsd party transactlons There were no ral8t8d paty transartlons during the ya8r (2024: £nfl). There were no tran8Xtbns wlth Trustees olher than those dL5rAoEed in nots 4. 10