ho stein UK
holstein & british friesian
¢*
Annual Report
& Accounts
For the year ended 31 December 2023
www.holstein-uk.org

Officers of the Society
Ple￿dent- Mr A Jones
Chaimian- Mrw Gregg
Contents
Presldent's Report
Reglstered Offic•
Scope House, HortonV￿0d 33,Telford,
Shropshlre.TFI 7EX
Advisors to the Society
Audltors
WR Partners
Chartered Accountant5 and Statutory Auditors
Belmont House, Shrewsbury Buslness ParK
Shrewsbury, Shr¢Jpshlre SY2 6LG
Bankers
Barclays Bank PLC
32 Clarendon Road, Watford,
Hertfordshire WDI I LO
Chalrman% Report
Chlef Executlve's Report
Report of theTrustees
Strateglc Report
14
Report of the Independent Audltors
18
Consolldated Statement of Flnanclal Actlvltles
20
Consolldated Balance Sheet
21
Charty Balance Sheet
22
Fund Managers
Close Brother5 Asset Management
10 Exchange Square, Primrose Street,
London EC2A 2BY
Consolidated Statement ofcash Flow5
23
Notes to rhe Flnancial Statements
24
knnual Report&A<counts FDrthEyear ended 31 DecembEr2023

PRESIDENT'S REPORT
ANDREWJONES
Whatanexceptlonalyearthls ha5beenforJennyand l.youspend311
yourli¥tstyn9tobulkl somethlng Inthe indu5tryandthenikrtofthe
blueyvugttawlvllegè Ilke'becoming presldent tsf Ho￿t￿nUK..
started myfarmlng caTeerclipplng and wa5hingCOW51orsale5whilst
tryngtobuild upa bu51ne55athomethatwould 5UStalna faMI￿,We
thensotd0urm￿sreied mllklng herd everyfiveyearsandbulhltbockup
galnvthlth wasa chalknge l enjoyed Immensety. Itwasthx3alesof
reg15teredanlma15that made ttpv551bleforustobLry¢uitenantedfarm,
50methlngthotlwNI a￿aysbeetern0Ity Indobtedtothe reglsteiedbla
andwhmecowfor.
telorrfjfrfendsthey have made.The
Llttlestaraward thlsyearwa5won
/Tityfrten IYork5hire). the Dick
aw¥dwa5won byGEor9e
OuhramlWe51ern) andthe Loulse
Harttyaw* wo5won by Ellles
tYi*kshlr•l.
MovlngOThto theP￿$1dents Medal
where1￿S￿oIned byctrludges
A￿n 0￿￿n Isemex UKland Kafje
Jones IFamiersGuardlanl.ThIswa5a
partkularNghll9thformèwlththe
51andard ofessays5ubmthed belng
hlghandthefinal sLXlndlV￿uaL% we InteNlewed•llkelng9reat
ambassadNsfoTourlndusty.The￿nnerth1SYÉarwa5AllsonLawrfe
Iscothndl whos•ctsntrlbufjon to HYBhas been ￿ept￿)nI1akn9wIth
thevlslon shepJs5e55e5forthe Industry.Weare Indebt￿tOSernQKft¢
the*nual>wnsorshlpofthlsse(Jon otthe Socw.
The Sodetyls In Iwod p051fjgn rlght nowwtth a 9reatte8rn l•d by
Mebnl•Harmlttand w￿h the addltlon of MlkeyH4lllwellV￿are now
•b￿t9$t4rtfiThsr1thlrthan runnlny around puttlngfiTe$￿rtwotChthls
Spac¥.
Myyearstarted outwltha fantastlc coupleofdays laAJweba5edat
theGrosvenorAmis In Pulford, 5pendlngtwoexceptlon￿day5tOur&rVj
vad￿Jg wlts Intheareaforwhlch I would Ilketothonkourhosts andall
theSpons￿$Whlth rnadelt posslbk. Notforgettlng ourts¥o ifter41nner
speakersand oworganlslng cornmtttee. Myfirstdutywastoattend
Tht(JreatYo￿shITtshOw, I vAIITemernbernotonlymeeilng knsof our
trkntsteln famltythere butaL%owltnesslng thecoètss famltywlnnlng
Holstelncharnplfmwtth thedav9hter¢fthi prevlous y￿￿$ChamPIon (a
5toryln ltstw). ¢on9thtuhtlons. Movlng on toothei $h￿sand opend¥s
Itherewev￿eats1Qto c*th up wtth lots 0tfrlÈndsoklindn￿￿hlth
enrfchthe natknal Holsteln famlly.
Th•HYBWeekend Rallytookplacè In AugusLwhlch was hosredty
theSwthWe5tclutsthlswas ryfir5tVl5￿to aweekend ra1￿. Iwas
¥eryTThJchlookkngfrJrwardtothls event411 ama blg beI￿verthatUI
young membersare an Investmem In the IndUsty¥fUture,￿staSYO￿
youngstockareln >￿rda1ryherd. As I sald4tthe￿rnA thes•young
FeopkwlllshèpethefiJtureofL>ur Indu5tryandfeedlhe populalkirn bui
theyunfortunatetyhavetheadded burdonofturnln9 aroundtheclmlte
thangebu5 ty spreadlngthe messa9e.Wh115twe accewa9ilcukurÈis
partofthEem15Ions PrOb￿M,Itl5 thesOlu￿0n,<bl(•u* pkntosynthesls
Isthe ontyTh•turalwayofcapturlng arbonl.
Nextjennyand I v15tted UKDalryDty, an Industryflagshlp ￿ntha￿ed
byHo15teln UL Thefin•l Ilne-up ofHo15teln51n the champJgn5hlpihat
daywould havegraced any$how-rlng In thewortd andwe,a5 members.
shwklbe extremelyproud ofthls.Con9ratulatlon5 totheWIYs Famfyhr
wlrffiln9theNaUonil PremlerHerd Competltlon.
Gettlngtos•e ¥•that goeslntothEorgantsatlonand runnkng ofe¥*rtS
Ilk• UKOalryDayandtheWeekend Rally L% sornethlng Ih•Jnlbeen
exposedtobEfore. Iwasoxtremely proud towftne55 the Imrneh5elevelof
ieèmworkandcommltmenifrom theteam led byHanTrahWlTham5 and
of course mostofthe£ks5hler5whowere In¥olved.Theteamofpeople
auossalthe5eeventsgoabovo and beyond toensuTethelrsmooth
Nnnlng.
Iwoulj Ilkètowtsh NlckandTop5y Hetyerallthe beMfo1t￿C{ffj1rtgYear.
F1nalty,Iw￿￿ Ilke t0thankthe1aé￿5 In the offlcewho haveorgantsed
ourWstlcsov•rthepa5tyear. Iwoukl also Ilketo thankallthèclubs who
hove IThv￿d and hostedjennyand ltothelrclubdlnnersand5h￿•
grtat hoswa1tygl￿n9 mean ¢pwrtunTtyto meet nèwMem&e￿on*
weekendlnthdeda Mday nFghttrfpto North AllertoThfollowedby•
s0turdaytrfptoca￿ffIS0needltIStO say.lennyand I hB￿clocked up
then￿1
l¥K)uld alsollketsihankthe memberswho wted Intoth•Presthrrt
roJethlsye•rln£ludlngthe nornlnatlonfrorn the NorthW*5and
W•stemClubsand finallyjennyand rnyfamltywhohave 5UPPOrted rn•
ry stepofrnyloumey.
Th15 ha5 b1￿the￿n￿adeoff￿Y cattb breedkngCareU-th￿k>yJu.
Andr•wJon
51denl
ThedaybetseUKDalryDaywA5 theefficlal openlngofS¢opeHou$4the
Holsteln uKoffi￿$ and laboTatorles inTelft)rd, openedbyTomCope
andfatnilyin memoryofthelate5ueCopEwhose legacywrymuchll%*s
i)nbMthintheSodety.
inourdlarywas theAII BreedsAII 8rltsln Caifshow,th155sanewrt
thlchenable5yoww membersto developthelrlwejkllls irKluding
teamwcrKconyetln Jwlnnlngp10slngi 50clallsln> butaboveallknmrThJ
teamand leadershlpskilb.Ourthreedaughter5 haveall benefrtedfmrn
g Involved In HYBfN)mtht 5killsiheyhavedevebppdandthe
null R•portaA¢<o4nts Fortheyearended 31 De￿Mber10z3

CHAIRMAN'S REPORT
WALLACE GREGG
Thè pa5tyearforThe Holsteltt UKGroup has been perhaps more
knornal'than pievlous years a5 all ourevents retUFned lo norrn)I
after dlsnjptlondueto Cothd-19. Oursoclety is kn a robust fivanclal
state blrtllke 50 many othew bu51nesse5 In the currentcllmète we
4re not Immumto Inciea51ng costs and ststlc Inrorne but I can
assureyov thattheTwustee5, through our newly Implemented
five year strategyiare determlned to dellver resuhs so that our
memberscan rèalty seethe benefit of ￿gIsterIng cattle by
Incieaslng profftabillty, Improvlng Infoimatlon transferi provldlng
educatlonal opportunltlesand rbQtfr•rgèttirtg provldlrwj numerou$
opportunltles for sotlal Interartlon. To thlsend Mlchael Halllwell
took up h15 Posifion as Group Comrnerclal Dlfectoiacr055 Holsteln
UK the CIS and NBDC and Iwelcome hlm to the staff. Wlthln
Holsteln UK, reglstTatlons and MeMbe￿hIP has ￿maIned qulte
5tsble whl<h l$•n<ouraglng a515 the performance ol C55 whlch
1$ mllk recordlng about halfthe GB mllkworded dalry cow
populatlon as well as offerlng numerous dlfferent bovlné health
tssts. NBOC ir•classlfylTrg more anlmals than ever and Thow offer
servlc• to22 dlfferent breeds of catth asw•ll 8$ genomlcte5tlng.
It was a pleasure to wekome the Cope fBmlly In Septomber to
offlclalty open Scope House,our new Headquarters. The51mplé
definltloTh of Scope Is'spaco or opportunlty ftIT actlon oi thoughv.
nd our new premlses h￿e
encapsulateil th15wfth thè CIS
laboratory now fully owratlonal
aml fully VKAS accredlted in
the la5ttwelve month$. modem
spaclous accommodatlon forour
staff and Meeting roomfacilltles to
accornmodate Holstein UK Group
and other a9ri¢ultur41 organlsatlons.
The Premler Herd Open Day atthè
Alrebuin h•rd of the Moorhouse
tamlty wa5 a treme1￿0v5 Success
and we lookforwaTdtothls yeai's
Open Dayon the July hosted at Pawton Dalry by thewllls famlly
fW1115bro Ho15teSn5 In CorThwall. Our Natlonal Holsteln 5howwa5
once ag?In held In mld.Septemberat UK Dalry Day and I know no
one would dlsagree thatwe were treated to probablythe besl Show
oIHolstelns forqulte some tlm• and Indeed thewhole show hos
grown to bethe preml•r on•4ay dalry Industry ev•ni wlthln the UK,
A$ Chaliman but also as a parent of HY8 member4 It wa5 a prlvllege
to wltness the 5klll. knowledge, dedk3tlon,and not forgettlng the
bllltyio haw fun, of all ouryoung mernber5 overthe18st twelve
krdhYeth'uKPK￿￿￿tr¢?1)pttittSF1.R¢gldhaIIl'j1D -
AThTrual Report& Actounts Fortheyearended 31 Decernber2023

All Bre
Britain
SE
Ex
SEMEX
Holsteln Natlon41 Shwrnanship Ch4mplonshlp-Wlll Hotslty,JodlèNutsford
androm DennI￿n
months whètherthèt was ot the ABAB Calfshow, HY8Weekend
Rally or PresldeTrts Medal applicants.The future is In sale handsl
Truste￿ both past and p￿se￿[ It has been an hoThouitO 51t
On a boord wlth you ond I thankyou all for dedlcbtloTh and Ilm•
commltmentto ensureth• contlfiued succo5$ of Holsidn UK.
On behallof Holsteln UK I would Ilke to th•nkoui outyolng
pr•sldent AndrewJone& and hls wlfe Jenny. forthelr work In
the lastyeartravelllng farand w5de across ihe UK repre5entlng
the Soclety at mectlngs, 5how5 and dlnners prornotlng all thai
Is good •bovt reglstering cattle.we wtlcome ourln¢omlng
presldent Nkk Helyer and lookforward to our annual AGM
Incorporated In the Ho15teln Celebratlon In WItshI￿ thls summer.
Fln)IL¥.lo the Ntsrthern ITeiand club and e5peclilly n)y
famlty and 51off a huge thankyou. ￿WaS your SUPFbort and
•n¢ouragemtnt that enabled me to be a Tyustee and Chalrman
of Holsteln UL tt has been an honourto represent the largest
Independent breed s￿￿ety In Euroy and can I wlsh all our
members and th• 5ocS•ty •very success In theI￿vre.
A51 nearthe end of myterm as Chalrnmn and slx years as aTrustee.
could I thank all th* stsff on your be￿lf and per$tsnalty.They are
tslented, hard.worklThg and a pleisureto workvAlh.To myfellow
W•llK•Gr•49
Chalrman
Rqport&AcmuntsForthe year ended 31 D￿eMbEr2023

CHIEF EXECUTIVE'S REPORT
MELANIE HARMI
2023 sawtheofklal openkn9oftheHols*in UKGroutys new
HeadqUart￿SInTe￿OTd. NaMèdaftèrourpre￿OU$C£QSuecQp&,
osadlypassed awayln Mty2022folbMnyaverybra%ebatt
111r￿% Scope Hou5ewovidescontemp)rary0ffic￿ cthknc•
e5andCISjab￿1t￿ySpJLeWhlchd￿mI)Ie5lhefloofspaCe
of*rHou5taNJg￿5 uscapacltyforfvtu￿exP￿u10n.
On 12th Septernb￿ 2023.over i¢)oxaff.TNs*es and mtmbor4
p￿and present,wereiointd bytheDepLtyLord Lleutenant
of5hropshlreandfelowlndustrypeopJetoseetheCope
FaMllyarttheAbbon.Every¢rn￿Joyedètour0ft￿faciir(È
lurKh andan0pportunttyt0utch-￿th Mend*
Th￿We￿efe1MgenomICte$ts
p￿essed[W NBDCln 2023 a5the
AHDBHÈtdAilvffjrePfoJertfintsh
InQl.Ihethr***argok￿IIc
teS￿n9(￿t￿CI whlth %ya5award
tt*Neogw began InJune2023.
AHDBlrthased ruTh5tofortnlghtly
InOctobw23 pmldlngtsster re5utt
tuMar0￿d1olrnembeTh AHDBp￿n
tomovetoweeklynms IrornApr1124.
TheCISlatx>raW movedto kopeHou5eatthEendofOctober
2023.Th15was laterthBn orlglna1￿an1ldPat•dtrththèUKAS
accredkafjonprixesscannrtberusWThemo¥etooka huge
amauntofplannlng1omknlmlsedlsr￿10n tOs*￿CeS butDena
and herteamdldatsemendousl0￿1to$￿jndtrfult0h1vt
all¢fth•T•Word thff underonerr>)fo￿ea9a1n.
Thètsam Inspected 141A21 cattkdurlng 2023,4nlncrea5eof
5296on2022arKlexceedlngthèprevloushlghln 2017.3A50
herds auos$ 22 breeds IrwltedoutCh551fiersonfami artd￿
arewy9ratefulf0rihewarn)￿￿OmetheYrÈ¢e1¥&
M*R•¢•nI1ho•ndAhhn￿ HM*hT•rfng
AnthIl¢k>nal74h￿dIbI1ry1ng 20ffj7SctyvsJoknediheCattlè
Infmtk)ThSèthcèlCISIkn 2023 &dthng tothewth In pr•vlous
rs.Oftho5e ￿Whe¥d&38wern ntwtomllkrecordlrgand ar•
rn8p1ngthe￿rthour$ervkeSi8n pr0vld&Vnfortunately,￿ bst47
heMJ51n2023,le55ihlln1Th2021'28 duetothefam15(ea51ng woductlon
whkh Is sadlya recur￿n9theMee1Chye8i.TheClsWnikn￿è5toprOve
a wl5elrwest￿￿ntf￿thesO(kty.I￿￿gS1gThffiCanlprOfit$e0rhye•r,
and0urknwstrnentlThn￿ye laborntoryspaceand newequlpmentat
HortonwoOdwlller￿UreWe4rewe1IPè(e￿l tomantyefutu￿9ro%￿.
Th•besF4*ecothMntèfacllltle5 createdat ScoFe Househave been
la￿l0￿S addI￿ont90￿rp￿1l￿weIr•lntheé4¢tys￿0•S ofmaklr
sycèava1la￿éI0rU5ebYo￿ts[de9TgInlS￿tI￿s butdurkn9 2023
thw¢were4 ran9e•fbooklngsbthlch u5hortor9nl￿tknS swh
a5MoleV*yFarmer5, Lanc85hlYe Holsielncluband RedTractor.
Bor*lngs*ea*thnfor2024 Ind￿ethestaIfoTdShIreWd Detyhlre
Fljlstdn ClubsandlheBeelBreedGwuB Ifyou are In￿eSted ITh
arranglng a Holslelnaub￿slt0r kn￿ ofa Ilke mlndedorganlsbtlon
thlltneed5a centralhxaYonforthelrmeotkngst4easekt usknow.
are¢rtCéagaln re￿rfng posthefinanclal resullsforthefjro
Ho15teln UKcontlnuestf>tradeata b55(athoughat kMrJevels1,
howevu, thetharStyrema5nsvlab￿throUghthe supprrtofHolsteln Ufs
Investm•ntsandoth•rcompan*s Mthln thefThB The updatedfive-
ywstsotwofasplratlon¥oblectlve5 andactljnswhlchmustbe m•tlrb
+yd*rtod•llvwourcharltabIeobJttt￿oscontInuest0gL4dee¥*ryth1ry
do.Théstrategycovthng 2023.271savallaWeonwrwebslte.
HolrtdnlA(contlnues In Itsconwnltmqntto promot•
nd ImpTovethebr8edswthlnthtHerd Bookby
supportlngand represenllryjowmtmbeys.
rcontlnuèd pYwnc*ateven15throughouttheyw.froM
DalryTech stsnlry the shows￿1￿n In FebTUarytothe W
UlSttr￿￿tlrFa1rdoslngIhe$h￿s1ftDQcQmk¢rv1all1Ofth1
faTht45tlcvenue5 In Eetsveeryglve$usthtopportuntytomeet
mwwofowmembersand5eelngamazlng pethgreeco
IA•mb•rthlp
Membershlpnumbers In2023 arE51yhttydobvncompredto20211n
InEwhh lndu5trytrendsweunlortunatetylost444menknrs, ￿￿¥ever,
173 newmernberssawthevtheofpedkJreeandldr*dihe5oclety.
Thenomlnatton51orthL%yearYHoLffelnYoung BrpederlHYBloward5
w￿￿one*a9a1n¥orystrOn9 Ma￿r￿thede<15IQns verydlfficull
Congratula￿0￿$ toPresklent¥MedalAwardwlnnerAIls￿ Laurle
(Scotlard,Lothse HardeyAward*knneTEllleSaxbylYorkthIMl￿d
iMestarAWard￿nnerTrllyGr¢en<Yarkjhfjre>v￿0areall great
ambassadorsftJrHYB. 2023sawthefilsta￿rds fromthesuecope
Bwsary.'Wlll*nNeale,SionedMorwlsandl￿Tht)rnO$ recelved
Co￿￿￿on$t0￿￿rdSt￿￿r0ngo1ng edUCat￿nand tralni
After reglstratÈ￿s In 2027 and 2022 oftwer200,(1)0,20235awa
falof 7%to 194A54wegi5tradon5,51milarto 20201ovel&2024wlll
seethestartdourpr4ectto ImWoveour￿mbeT4nd cuAcmer
fèckng ty5tem5.W0rkis¢n￿ngtoen5UreWeale preparedfor
changes InGoveMmentSyStem￿PwCe$St$fOrth*fQ9i$tra￿0n
ofènknal blrthsand movtments acrossallthehomenatkn
The￿bMISSIonsforIhe 2023 L￿me￿h￿nentAwardwereso
thatthe BoardofTrLtstÈÈsmukl noideckleonlustmel Mary
MeadDenn15 smth andAubreyGreenhaW ￿t￿nomInated bythelr
b5forthwrdedlcat4oTrtotheHo15tth and Brft15hFrfeslan breedsov*r
ManY￿a¢sandthe Board decldedilvwerealworthyl￿nners. Mary
recefved herawardattheBCBCAnnualCOnferen￿ DIn￿rinjanUary,
SalesofApprovedRegisteredcatt￿eartags contlnuetobestr
andP￿e$are[égU1aty￿e￿edtr> en5urethis reMalThSava￿ab
rnemberbenefiLOppryiunft*stOsdltomorecolowed breÈdsoe
bang Investlgatedtobenefitfromfixthetvolumedi5count
Annual Report&A¢¢ounts Fortheyearended 31 December 2023

Autwr￿lVe￿hls awardattheAII BrSts1nAWa￿rl￿er4Thd Dmat
DalryExpo In FebN4ry•nd Dennl$MAII receivt hi1*4ard Ltsintheyear.
The AIIBreedsAJI8rftth (ABABI Cawshowhad a nvwvenue,
NAEcSton*￿h.Th1SwdS￿F￿ntastic locafjon to showcaselhe
handling skil&ofouryoung mÈmbEf5 and theli ca￿.
Brfan and JudrthMoorhouseoftheAlrebum Holstelns wlnrffi of
t￿2022 PremluHerd CornpetTtIDn, h05ted membersat Fk5peT
Farrn cfi 15tAugust 2023. Robert& MatthewWllsofWIL%bro
H)lstein&PaWt￿ Oairyarethe2023 PrernlerHeTdCompetllkn
%%lnneTS ondwlll hc4dthelrOpen Dayon 2ndJuty2024.
AndrewJon@stookt>verthÈ pre5idencylnJune 2023.Supportedbyhls
wlf<Jerww,and the Northwalesand West•mClub5,the HolstsnUK
CelebrthnandAGMwis htld *theGrowen¢rPuWoTd Hotellncheshlre
aTrJgavememberstheopportunltyi0v15￿loca1fam75, eatfabuk>usfood
aNlwatchfantastTcentertainment Andrewand lennyhave been a real
a5settothe Sodetytravelllngfarand wlde iepre5ent5ngHo15*kn UK
TheHYBWeekend Ra1￿InAUgUst2O23 was ho$ted bythe
SthWe5¢c￿tsITrsDrnerSet Fami v15h%natlonalstoth
Ju&3lngand lkne4r)$5e5smentcompeUtlons Int•K￿b
Mesandt￿FI81&24OtocornPèrftlon provhled afantastk
£hancetocompet¢soclallsearnd relaxwhh friends.
lam4*rygratsfvlto havehadthe 5UPPOrtoftheChalm)an,Wollxe
fye9&andchal￿an Ele¢ Steve Hlll, du￿￿9 thel•styear. Belrwj
Chalnnan ofthesodety Is asl9nlfiranttlmecommRmontond Iwouk
Ilketoextend mythank5toWallacesand Stev¥5fam111•5foTthdvsupporL
FI￿11Y,thank>￿U toattofour m•mbersand custorner50fC15
arA4 NBtK.IMthtArtOUTmemberstherewould ￿ M50thty
and l kn0kfOn¥a￿t0yOur¢oNtinUed support In 2024.
The5Un5hone In Septemberfor UKDalryDaywhkhWè5￿ce
•J3ln a huge su¢wswthafantssUrdlsplayof pEd￿rEea￿lrna
onslww,re(ordexhlbltoi numbers anda steidystieamofv15ko
throughouttheday.Theon9olngsupportfrom the Industryand
ourmembtrs Makè5 allthe hardworkwhlch goes lntoh0s￿￿gthe
eventworthwMe.L12zleY*e&ontofouremployee4wasawar
thEHward Snee5by Awardfortheworkshe has put Intomaklng
UKDalryD)y4succ•M ovttth•y•ars. UK Dalry Day2024wlll 5e¢us
(￿bratIng the 10th annlver5aryof ourevent, pleoseiome alorwj
tosee the speclal<ommernOratlvethlny5￿ hiveplanned
Chlef E¥ocudvè
?02.3 Nation31 Holsteln Show Champi
Ivening Sideklck Jennifer EX93
'Ito
Annual R•port&knwunts Fortheyearended 31 Decernber2023

REPORT OF THE TRUSTEES
TRUSTEES'REPORT
TheTrustees p¥esent thelrannual reporttogetherwlth audfted
financla15tatementsofthe char￿able Groupforthe year l January
2023to31 December2023.TheAnnual Re￿rtSerVeS thepurp05esof
b)thaTrusteEs'reportand a Dlrectorfreportundercompany law.The
Tru5teesconfwm thatthe Annu•1 ReportandfiNn<lal statementsof
theth￿tabl*s￿P£OMpIY￿ththe(UrrÈnt statutory requlYemeAt%
Iherequlrementsofthechorltsble GIoup5govemlng thcument ènd
Iheprov151on5 ofthe Ststement of Recomrnend￿ PractlcelSORPI
applcableto£harltIÈ5 preparlng thelraccounts In aCcordèThCe￿h
IheFknanclal Reportlng Standard appllcable In the UKandAepubllcof
IrelandlFR51021 leffeL11ve l January20191.
Thttiusteeswho served durlng the perlodwewv.
Elprtèd 2014
Mlchael Smale
Retlfed 28.0623
FarWe5tern
Peter Prfor
Rrtlred 26.0623
South Eall &Ea$tern
Elected 2017
Sandy Plrfe
scotland
El•cted ?01 S
W411ace Gr•99
Northèrn Ireland
TheaudltedcM5011dated financlal st*ements compty wlth the
Charkle5 Act 2011.thc Companles Act120061 and theChartt5es
ccDunt5and Report51 Regulatlon5 2008.TheTrusteegRepc+rt
Ilncludlng thestrateglc report) andfinanclal statemerbts ale submltted
ttsthtcharltycommlsslonfollowlng approval bythe membershlpat
the AGM.
JaneWhltt4ker
NorthWe5tem
John Hartley
Lancashlrt
TheChJtltyl•lso r+f+r￿ to asth•"Socl•tyl was Incwporated on 25
November 1998 and Is governed by Its MemoiBndurn•ndArtlc1•50f
A55o¢latlon.
M4tthew Wlnt•r
East Mldlands
Stephen Hlll
North Mldlands
Illam Imllhn
Northwales
Ho15teln UK Pre51dent¥
MedalWDner
Allson Lawrlè
Andrewlmlllamson
North•m
Elected 2021
RlchirdThomas
sc￿thwa1eS
B•nYates
Southern
Dèvld Lawson
Yorkshlr•
Elocied 1022
Jamés Ballle
Scotland
aalTeJones
West Mldland5
Da￿ Coryn
From28.0623
Farwestern
Wallace Patton
From280623
rthern I￿ts￿d

OBJECTIVES AND ACTIVITIES
1% ￿rat•gleS1ora￿leW5n9 •bJ•dlves
The Charfty alms tC*lncreasethèefficlencyofdalry¢attle,
specfficalty Holsteln and 8rltlsh Frie5ian breeds, in asustainable
manner con515teThtwith the athancementof anlmalwelfareand
environmentsl proteaion.
. Pollcksand •bJe¢tlves
The oblettyves of thetharityare tOSLlPPOrtthe devekspmeni of
the UKdalrylndu51rybyfocu51rw on breedlng pedigreeHolstelTh
and Brlt15h FT4e51an cattle in the Vnlted KIngdOm.T￿ SO[￿tya150
supports other tharftlEs *Y)rklng In the dairy industrythrough the
prov151on of seivices in support olthelroblethes. A5 a member
or9anlsatlon. Holsreln UK repre5entsthevlews of Itsmembers to
those wlth Influenceor Interest In d•lrylng ft)i the furtherlnterestof
thelndustry.
Adlthle6ynd•rt•k•Nts•rhlmoW•alv•s
Atthe Af4A In Juve 201&theCharty l)unched itsfirst5-year5tTrteyy
foriheperlod 2018-22 whkh IncoTporatedleedback frorn Member5.
The Mraregydocumtntwa5 updated by theTru5tee5 durlng 2023¥nd
thestrategyfor 2023-27 (an befound on the Holsteln uKv￿b5lte,
however.fjn sumrnary¥the 5trategycovers the folowlng..
Insettlng Oblert￿ and plannlng for actlvkles,theTrustees have
given dueconslduatlon to 9enerèl yuldance publlshed bythe Charlty
Commlsslon relatlngto publlc benefi¢ Includlng the guldancePubllc
Benefft.. runnlng ad7artylPB2Y.
BREED DEVELOPMENT ASPIRATION
To h•¥•th• Idul<ow￿l￿Inth• Holrt•ln UK Httd Bookforth• iIK •ndlnl•rn•tlon•l m¥k•ts.
owecTNE
ACTION
l.Dev¢lop the Socletybreed$to melt the
demands of dalry producer$,
2. Provldetools and servlco5 toald
Improvement Inthe fin•nclil v•lu• ofthè
SrKlety breeds.
. Encourage and •duut• produc*rs iboutthe benefits of 9enetk galn,
. Become fam)ers'fir$i <holcefvr genornlcte5tlngi a n)tlonal IEadèrfor the5ervlc•.
. ￿ornote1he beneffits of uslng Independent mDtSng5ervlcoL
. Mtasutsthefinanclal Impact oftype Impwvementand promotethe beneffts.
.ConfjnuallyTevlewtralt5 collected and add new tralts when n•cessary.
. AThnualty revlwthé model cowtoensuie Its relevance tD &lry pYoduc•
. Intsoduce )n Inteipretatlon s•rvlcifollowlThg herd type wltsotlon v15Jts In ord•Tto m￿lmISe
usefuln•s
RESEARCH & DEVELOPMENT ASPIRATION
Th• UKHo15t•ln •Thd0￿lISh Frl•thn br••d•tob•th•l)Mtplllud br••d ¢hol¢•sft4r411 UKf4rmkn9*ylt•ms•nd b•r•wgnlMd
Intsrn•tloMIIy.
OBJECTIVE
ACTION
l. Ensure VKdalry farmers recognlse
evldence arKI under5tsnd thebenefits.
. Introduce researchto deternilnethe relatlonshlpbetween conforma￿Ofi and Pfofitabiltty.
. Investlgate corielatlon oftypetraltsagalnst productlory heakh and fertlllty.
.AThalyse productlon an(1 typedata toestsb115h lOnge￿ty3Thd profitablltytr¢ndsfor
tompar150ns whh other breeds and ctYJssbreÈds.
. Partner vlth ￿se81Ch estab￿shme￿tsto Investlgatelssues reyardlng sustalnablllty.
robustne5sand envlronmentsl Issu•
2. Ensure Internatlonal dalry<attle Ixeeder5
understand thestrength5 ofUKgenetlu.
3. Share data to provethe relatlon5hlp
between the use of Hobteln UKservk•s
nd herd profirablllty.
.Woth wilh typeevaluatlon team5totrnck wogressand dliertlon.
.Communltate re5eaKh findlngs wlth member5 8nd promote benefiis to awidEraudknce.
. KeÈp up to dalewith external research and Commu￿8teffindlngS tomemb¢r5.
. Recommend changes to seTvl<e5 and product5followth9 research projects.
Annual Aoport&AccountsForthe year endEé 31 DecembeT2023

FINANCE ASPIRATION
HDIBt•in UKto hav•*socure longt•rmfutur**nd remaln th•larg•stindtp¢ndentbre•d S*Ki•tyin EuroF
OBJEcn¥E
AclloN
l. Ensure FkJ15telrtuKtsfinandal￿V1abIe
both 5hortand longteThr
2. Ensure the Holsteln UKGroup Mmalns
arelevant bodywllhln the thmestlc
and Intemational daty 5ector5 through
Inve5tmEnt.
. EThwre the Holsteln UKGroupoperate5 ata profitto allow relnvestment.
.Spreadthe rlskof Investhien15 vJ6th an empha515 on pr)￿rty.
.Aetum revénuèttsthe ¢h¥i(ty th*u9h the subsld4rl•s wtthts￿ ￿rMIn9th* C+)mynl•<
growth.
. Produce monthty rnanagtrnentJccounts byworklr4J dayten ofeath newmonth.
.Compllethè Ho15teln UKAnnual Reportfollowlng complètlon of audthl accoun
. Have roburt Intema14nd extemalaudltsand procedures.
.Malntaln rfsk reglster and revlew annual￿ta Rduceexp05ureto knblifty.
. Revlewsuppltercontractson an annual ba$ls.
. FoliowcoTrect protoco15for purthists and expendlture.
VOICE ASPIRATION
Ho15tdn UK m•mb•ri ts ha￿¥ volc•atlnd4b5twy and Govwnm4ntl•v•l.
OBJECTIVE
ACTION
i. ensure Plol>tekn UK understands membÈr
tsplnlon.
2. Havta unSfied rnessageas a polnt of
referenc¢forall member5.
3, Have an èstabllshed avenue of
communlcatlon tolndustryand
Goverrffient.
• Dewlopa PrO￿55t0 mlect mtmb•r oplnlon and dl35emlnateleedbJ¢
. Devekp a unlted messay r•gardlngthefvture olthedalry Industy, whkh represents the
mtmbershl
+Forge pJrtTher5hlpswlth Cu[￿nt Industrylobtyn9 partle5.
.Prornote the benefits of ieglstered cattl•to mllkbuyer$8nd Mallw5.
.Workwlth Industry partner510 $￿port wnsumew enga9ement and piomotlonof dalry
products.
* 5hBrelndustry ￿W&edUCatIon and d•velopmentswlth memb•rs.
. E5tsbllsh key datèthatwlll support communIca￿0Th.
.Traiktrends whhlnthe Herd Book9enetk5 anddeveloppredktlon5 based on pJst d•t•.
. Address lffjlilaiion mattws I￿tdOreCtty Impart memb•rs.
. Compllèa <omrnuThlc8tlon document hlghllghtlng theforw•rd plènnlng requlred by
memb¢r5 to mé* fuiur• mllkcontracts.
4. Have robustfads and figuresto support
communlcatlon.
5. Become a 50ur<eof dats for the Industry.
i Respond toGovémm•ntconsuhatlons on behalfof rrt•mber
. Develop dlre¢tcornmurdcBtlon wlrh servlThg Mp'k
COMMUNICATION ASPIRATION
All m•mhrs •r•fullySThfovm•d •hd•du¢•t•d•nlh•Sochtyand r•l•v*htlnduitry¥thllw.
ACTK)N
1. Ensurn Holsteln UKmernbersfiAIy
understand the acti￿tIeS gf the Soclety.
2. Understand Ho15ts1n UK member need&
. Use TheJourrrt71a$ a tool to keepmembÈrs Infomie
.Gother communlcatlon data from members. su<h a5emalladd￿s5es and moblle numbers.
. En$U￿GroUp new5 iontalns upto dth Informatlon on ser￿CeS andthelrbenefrt
. Revlewcommuhlcètlon avenue5 and make ￿sE use of newtechnologles8nd tools.
. Ensure UK Dalry Dèy. Holmeln UKevents and attended sh¢M5 become a portsl tosh¢)w(asÈ
Socletyactfvlty.
. Use the nèws stclons ofihe Groupwebstte5and soclal medla ttskeep memlxrslnfomed
. EnsuretlM•lycommunl￿tl0n of eoawd ded$lo￿t0 all members.
. EnsureTrust••s have upto dateSocietynwdM tocommunlcat*N%4th Clubs and member
. Effeclively(aptureaffillated Clubs'oplnlons.
. &itherfeedbackfrom mtmbersand acllon a5appropriale.
. EThsureallways of communkatlt)n meetGCfR leglslatlon.
3. Ensure HolstelrbUK members <ontrlbuteto
and knowthe strntegyforthe Soclety.
4. s￿re rèlevaThtlndustry developments
through socletycomMunl<a￿on thannel
Afftnuil Report&Accounts FNthe yearended 31 Détember2023

RECOGNITION ASPIRATION
Hokt•ln UK awardito bÈheld wlth high r•Jird wrihinthe dom05tlcandlnteMatloMllndustrl•i.
ACTION
1.En5ure Indfvldualcowawards gre relevant
to the whole Industry and recognised as
addlng value to theanlmal.
2. Ensure herd awards recognlse
management a5 well a5 genellc quallty.
3. Ensu￿ memberawards aiknowledge
pefsonèl achlevement&
. Revlew all awards and assessthe relevanctof eath Soclety accolade.
. Invesll9ale [￿W award5 ￿[ch re(0gn15eherd maniyem¢nL ￿ttle healrh and wetra￿,
9enetksand effirlenry.
* Compare UK awardswlth Internatlonal competltlons and d•v•lop owards thèt haye glob•l
recv9nltlon.
. Introduce markellny plan5foreachaw8rd.
. Develop a calendar of award5 and rnaelt avalable to all member5.
. Promoteaward wlnners Internolty Ind pxtemally to ra15e proflla of awards.
. Engège￿th natlonal a9rlcultural pre55 to helghten coverage of iward wlnne
. Complle a datsbaseof reglonal press contsrtsto recogn15e ¥w?rd wlnners wlthlnthelr local
awea.
. Develop and malntaln a Hallof Fame ofawaid wlnner5.
GOVERNANCE ASPIRATION
Holst•ln UK c•ntlnu•s to strfv•to m••t Ill th*rft&bl• obJ•clSv•wh4st •thptlhg tgth••volvlng dalry•ndigrl¢ultur•l Indurtrl•s.
OBJECTIVE
ACTION
l. Introduce? fveyear strit•glc plan forthe
Charltywhlch Incorporates the sub51dlary
companles.
2. Meet Holsteln UK'S rharltable oblertlv•
through consultatlon wlth 5tskeholdevs
Imembersl.
. Ensuie 9o¥ernonceofthe Ch)rlty Me•ts kglslitlon, followlng ChirltyComm155lon guld•llnès
nd r*pT•5•ntlng 5takehold•rs wlthoutdlscrlmlnatlon.
. EnsuieTrust••s conllnuéto r•presthtthe S¢)dety and member5 wlthlnthelr•l•cted reglon,
actlng as a volceformembersand communlcatlng develgpmlnts at Soclètylevel.
. Ensuiethe Board ofTrustees meets the Charlty Cornrn1s51on guldelln•s, ru1•5 and regulatlon$.
. Ensuwe nomlnatedTrustees recelvetralnlThg beforelolnlng the B¢•rd.
. Ensuvethechalr Df the Board contlnuesto actas the dlrect cornrnunlcatl?n polnt between
theTIu5tees and CEO.
3. Have robust procedures In placeforall
processe
4. Meetthe requltwnents of new and
exlstlng ￿le¥artt leg151atlon.
. En5uieTru5tees contlnueto beresponslbl•for$hort•nd lon9 term strat•gy.
. Ensuie man4ement rernaln5 re5pon51ble for all operatlonal actlvlty.
. En5uieTrustee procedures follow theArtlcle5 of Assocl)tlon,whlch wlll be revlew•d ènnually
pilorto thèAGM.
. Revls* the 5tTrtegk plan and amend, wh•r• n•c•ssiry. èverythreeyears.
OPERATIONS ASPIRATION
Hol¥t•ln VKIs op•r•t•d uilng m4xlmum •ffl<l•ncy.
ACTION
l.work efficlentlytD enable members to
galTh the maxlmum benefit.
2. Ensure rnanagementand processes are
relevaTht and meet the requlyements of
Memb￿$.
. Ensu¥ethattheoffice facllitles and employmentterrn5 mett leglslatlon.
. Invest In currentand new employees bylntroduclng personal d•velopment plarL
. En5uiefuture Group offi£efacllltlesencouioye retentlDn of experlenced stèff.
. Attraci 5kllled Indlvldualstoemplowntwlthln Holsteln UK.
. Keep employee5'knowledge uptodatewlth Industryond member needs.
. Introduce new processes to meet memberneedsfollowln9 annual ievlews.
.Annualty revlewand update the Member5hlp Handbook.
. Drlve COOTdlnation and CoThslste￿Y betwÈÈn Ho15teln UKGroup departments.
. C¢>ntinue to buikl on the Integrftyofthe Herd BDOK wlth on emphasls on iracèab4ity.
. Devek)pa rEsDurcEforthe mernbeTshlp to FKovlde advlcewhen In tlmes of Industryadversttyi
1 5ucha5 disea5eoutbreatrsorantt dalrycampalgn5.
. Ensuiè Grwp rore 5ervite5 remain a5thefirst pr{oT￿y.wh1l5t looklng for opportubrtlesihat
will directty OT indlrectly benefit members.
3. Maketheapwoprlate Investments In IT
and equlpment to glve maxlmum benefit
tothe membership.
4. Ensure operational processes areflexlble
to meetfuture developments.
Aqport&Accounts Fortheyearended 31 December2023

QUALITY ASPIRATION
Ho15tsin UKGroupdat4 is provqns ind•pend•nt and rq(09niMda5fir5tdau.
08JECTIVE
ACTKIN
l. Have accmdltatlons In plate from
extefflal bodle5 to glvÈ confidente In dat
lleCt￿ and distribution.
. Follow guldellnesand rtcommendatlonsfor ISO..17025 IUKASI for ill approprlaie servke
. Partlclpateln Internattonalcommltteeof Anlmal Recording IICARI ac(vedlt3tlon Schemes.
. P•rt•k• In •xt•mal audftsfrom rlng t•St(NJ wlth Ilk• rnlnded organlsatlon4 both formaltyand
lnfowma1￿.
. ConfoTmto UK and Intematlonal leglslatlon.
. Revlew domestkand InterThatlonal procedure5 to vlew opportunnles for Internal
Improvement.
. Documentall processesto ensure servlcesandlor ploducts •redellveredcon515tentlyevery
tlme.
l Have con515tent procedure&
3. En5U￿fUll confidenceln data handllngi
3tgragearKI ￿PortIng.
.Ensuwe seiurftyof system&
MEMBER DEVELOPMENT ASPIRATION
L•Jd•rJ wlthin th•dilTy industry hav•b•n•fit•dfrorn b•ing Th•mbwsof Ho15t•inYoun9 Br••d•r5 IHYBI.
OBJECTIVE
ACTION
l. Ensure HY8ls s••n asan •ducatlonal
organlsatlon.
2. Ensure HY8mèmbtrs*xpèrfènte 4 ringt
oldatry related opeiatlons.
3. Usecompetitlons to Improve knowle<t9e
whllst enctyjraglng new partlclpatlon.
4. Include a networklng element sn events
whlch bullds Indlvldual connectlons.
. Fwm p8rtMrshlpswth 8grlcukur•lcoll•g•$ tocmatè opportunltleslo speakto dalry
student&
.Wden areasof Iriterèstwlthln HYB toittnct nort Holsteln uKfamI￿ member$.
.Cieote awords In partner5hlp extemal bodl*s.
. Encouwag•ix(haThgt PTogrnms natlonallyand Int•rnatlonalty.
. Revlewèn411 nete5sary, Iniroducecthnpetltlon5 that encourageall 5klll levelsto pe*ii¢lpate.
. Expand wards avallableto Incorporate al elements ofthe dalrylndu5try.
. Introduce publk 5peaklng tralrslng and opportunltles.
. Promtstèthè bÈThÈfits of Dalry Protralrtlng to HYB mèmbers.
. Reglsier Holsieln UK and HYB •venis and actlvltles wfth Dalry Pro to addvaluefor rntmbets.
. Stiu<lui• m•ntorfn9 schem•s betW￿Tr ￿nIorand HYB mémbers.
. Intiodu<eonl1￿ competltlonsand award5 to glve rnaxlmum rèturn on lThv•stMènl,
5. Ensure HYBactlvltles broaden knowled9e
bnd sknls thatprov• us•ful In car••i
development.
d.VolubTh
Holstdn VK does llot usevolunteer5 to achleve Its 0b1￿tfveS.
•.M•lN thrtl¥ttl•i und•rt•k•n iofvrth•rth•Chirhyts puwimlforth•￿bl( b•b*fii
In sètfjng outour alms and obJectlves, theTru$iees have glven (Jrelul conslderatlon tothecharfty C¢mmls510rfs general guldance on publlc
benefit and In partkularto it5 supplementary publlc benefit guldanceon the advancementof anlmal welfar¢ the èdv¥ncemElltof envlronmentsl
prote(tlon or Imwovement and the advancement ofeducatlon. and fee ¢harglng.The Chailtyalm5 to Inireasetheefficlencyof dalrycattle,
5pedfically Ho15teln and Brltlsh Frfe51an breeds, ln a su5talnable manner cons15tent wlth theadvancement of anlmalwelfare and envlwonmental
protQttlon.
Membership of ihecharfty Is ovallable not only tothose whose Interestsare In the hu5bandryof Holstein and Biltlsh Frle514n (attle butthe wlder
publlc.Wthln thecategorles of mernbershlp there b5alunlor sectlonforthose aged up to 27 years of agewlth 5irnl￿r Intorè5t£ tothoseabo%
d againthis sortion is not r•strlct•d.Tho Charity also off@rs a roducéd aS￿clat• m@mb*shlpfor thosewhowlsh to malntaln ac(wnmunlcatlon
lth theCharlty.TheTrustees do not conslderthe membershlpfeesfoi theabove categorle5 restrlctlve.Tiustee5 are leviedwithihe5amefeesfor
5eivice5a5th05e incurred by othEr member5 olthE ChaThy.
Annual R•port&A¢(O￿ftIIFOrthe yearend•d 31 DecernbeT2023

STRATEGIC REPORT
ACHIEVEMENTS AND PERFORMANCE
TheChartyeywrest￿tp￿f0￿an£els mgnaged egalnst approptlate
benchmark&Thekncomefromlnve$tmtntsfortheyearwas£45,284
(2021. £445931andkn￿5ImeThtgaInstota11ed £88A3912021.£179M8
lossliecovemg almosthalfofthe k)55es madein 2022. A(￿Sthe055t1
dJ55E%return5weregener311yin lineknrfth bÉnthma￿. A reviewofthe
l$C￿d￿tede¥￿ryyear.
.M*ln xhlev•maffttsof the Charfty
Thèprinapalact￿ltyotthe char￿ISthat0fthe promotlonolihe
Holstekn and Brtttsh Frie5ian breed5and the recording and malnteNqnt•of
pethgreeTecordsforihebenefitofChartymembe
Thecharftyhascontlnued toundertakÈ wlstr•tlon50foThlmbl
reg15tedng 184,986full pedlgwfem4k5durln9thefvllyeoTJ4nuary
D¢￿mber292j (2022.. 19&(M81.TheCharfty has establ￿hèd proce55es
f¢rlts member&or￿ ofwhlchauthenfjcatss parentsgevSa DNA$amp￿%
IheCharfty¢onUnuestsexploretechnologkal ad￿nCeS Inthecolectlon
andanaty515 ofgeThet(¢ genomlcand phenotyplcdata and L%woiklry
wlthotherlndustylxKlle5 tofurtherlrnprovethe accurdcyof such
measurementsTheChartyha5 an on golng proleato monrtorthetstsl
mberofteAsundert*en toensure accepta￿e(oMPlIance
FINANCIAL AEVIEW
.fj0kng
ThoTwstees havecDn51dered the ongolng financlal vlablllty of the
Charftyand theapproprlateness of preparlng the account$ on a golng
Concem bas15.wth the p051tlve tradlng resuhs dtllvered, ongoln9
provlslon of servkel posltlvt year end cash balances and banklng
supportln plott, theTrustee$3re c¢nfidentthat the Charlty can
contlnue tooperate In thefuture.
D￿￿¥theft11tye￿rja￿tsaryto DKernber2023,the Charltyundertook
126,166 (2022:11709tllnspe(don5 of Ho15teln and B￿tISh Frfeslan catt
whkh %4*re•ssesSedM27virylngtra￿1TrÉ rtsults ottheseassessments
*èty￿shed Inthechatltys Journal anda￿free1yava1kb1ettsV*w
0nthecharltlsweb￿te.ThetrIrtseol1t¢ted areatso used forresearth
pury>ose5.Thea55essments ireacknovdedged bythe IndU￿ryfor
Ind•p•nd•ntus•lnth•valuatkinofinlmal5.
R•wvw polky
Our reseNes poll<y Is Jetto ensure Ourwo￿lS protected from the
skof dlsruptlon at short I￿lIce due to a lackof lunds, whllst atth•
same tlmeensuilng we do not retsln Inc?meforlong•rthan req￿Ired.
Itls the pollcy otth•Charltyto malntsln unrestrl¢ted funds, whlch 4re
fmé r￿•r¥t5 of the Chailty.The purpos? of rnalntslnlng unrestrfrt*d
fvnds lsto cover..
TheCharity'5 tradlng subsldlirte$4re4ctyvetyln¥oW In dlse45eie5tln9
and Yecord ) nun*erofonfarm •v•nts both on a<omputsoryand
optk>nal bè515. Durfngthereportlryj perlod $1gnSficant Investment has
8galn been madetoenhancetheupabllltlesforwklenlng the nLmber
and varfetyofte5tsavallabl4and UKAS accredltatlon has beenobtslned
fr(anumberofthesetests.TheCh•ityencoura9es.whereverp0554Jle.
thelntlusk)nof regular1￿￿and￿ffaTe programsfor￿1jnttortn9 ofthe
herd.
.admlnlstr*ion and supportcosts forthe Charlty
.dt51gThoted projects to beundertaken when approprlate
- 5ufficlent promotlon of Its oblectlvè5
TheGroupS re5erv•sètth•*ndof 2023 were £17,368,54812022..
£17,835t,8391.A substantlal prwrtlon of the reserves are held In
property and asset50therthèn'mina9￿ cash and Investments,.
Thocharltyls commrttedto hostlng evMtsthatshareknowkOJe
Ihrowjhout thtdalry Industy. UK DalryDay, Prernler Herd Open D4y, HYB
Weekend Rally,TheAilÈreedsAII grf()In C•lfShowandtheHOl￿th)VK
C*knAtloTh&AGMlnCheshlrewere all well attendedi wovldlng a mlxture
ofnetworWry¥nd edu<atlon.ThEGroupa150 ¢tsntlnuedto fad1ltaleo￿1ne
ntsln 2023 whlth enabkd u5to¢ontlnueengaglns wfth memb•v$to
deeducarknal, neN¥thlng ènd markelng OPP¢rtunrtle
Atthe reportlng date, assets itpresented by Net Current Ass•ts
wer• £1,237.25612022: £1.424A701, repre5entlng on avérage S
12022.. 71 wèeks runnlThg Costs. Assots whlch could be reasonèb
reatlsed w•r• £&498,20712022.. £6.699,3711. ￿PreSentIng 55%12022..
61861 ofannual runnlng costs.TheTrustees conslder tt prud•ntihèt
unrestrleted ie5erve55hould be sufflcleni..
Ihecharftyhas made repre5entatlonsand respondedon a nurnbei
ofmatter5 relatlng tothedalrylndustywlthln n¥tbn41 and devofved
Go￿rnMentsandQ￿¢IbDdIeS. Informatlon Isaval￿b￿t0t￿￿d0r
comnwnltyvlathèChariV5websttewww.holsteln ukotYJ andvla Its
trnthng sd)sldlarfeswww.thecisLauk andY•ww.nbdcuk
-ts a￿[d the n•ctssityof reauslng fixed as$et$ heldfoT Ch?Iltyl use
-to Coveroneyta￿34dmlnl5tr3t1o￿ and $upportC05ts
The re5Eives pollcy15 kept under perlodlc revlew and reserves levels
wlllbeadlusted as percept(ons of rlsk and otheTfartors chan9e.
L fvlnclpal rlsksand unt•rt•lntl
The Board have examlned the maloT5trateglc, bu51nessand
oper•lion¥l rlsk5 whlch thecharlty fa￿5 and confimi that systems
have been establlshed ro enab¢e regular reptsrts to be produced so
that rtécéssaryrecommeThdat4ons can be rnadeto reduce thes* rlsks.
The 8oard alsoconslders non financial ri5k5 arf51ng from fire, ènd
health and safety aspects of theemployment oflts 5taff.The finance
commlllee regUla￿re￿ewS the r15k reglster, dlscu5sln9 the rlsks
factd bythecharltyand the rnltlgating artionstaken to manage
these rlsks.The rlskmanagomontapproach Is revlewed annualty by
Ihe Board.
Fundr41Alnq art1￿*1¢1 and lTr¢om• 9•n•r4tlon
Holsteln UKdoesnot undertakefvndralslng actly￿e1.
¢. bw•strn•nt pdky•thd p•rfoim4h
UndertheMeM￿afftdUMan￿Arllck$ olA550clath)n,the Charky h)svlde
poKvsto invest atthediscrdbn of theTNsree%Theinvestment pdlcy
tsd￿9ntdto supwthe reserves pollcy.TheCharityseèksto adopt
acautbJ4wudentatKlwelldiversffied irwestmentstanceto bahkKe
potEn￿al ietumswthapproprlate leve150f r15
Charitysaim i5tt)en5urethat reservE5maintalna iea1va￿eaCloss
anlnve5tmentcyde.aose BrothersAssetManagementmanagedthe
reserves￿ adIscre￿onary ba515.The portfollowa51nve51ed Ina raryeof
5ecurftle5 In lIne￿¢h leve55agreed byth¢Ch8NIy.
Annual Report&Accounts Forthe year ended 31 DecembEr2023

ZIONALE I
AZIONALE
Ehl-j U N,1
AFI8
SIVA
.a! In Y¢un
ie4'
nJLinlof
how, Iti
ThÈmiln rlsktotho Chirfty¥flnan¢lal well belny would beCIS
cea51ng to glft ald sufficlent profits to enable Holsteln UKtoachl•vo
ltscharltableobJ•¢tI￿$.Th11 Is • rl$kwhl¢h Is rèvltwed by the
Trustees at the quarterty board meetln9%The servkes delfvered by
CIS areion5tantty revlewed wlth new product5developed tomeet
haTh9lrvJ need5 and protert market sharnwhère approprlate. Spend
wtthln Holsteln UK lsalso undercon5tsnt revlewto ensure maxlmurn
ietyrn15 recelvedfgreach pound expende
NBf(dld nOt￿CeIVe anyGovunment support In 2023 (2022.. £NIU.
Th*Tru￿￿eS Implemented a prl¢e IncreasefoiTrpeClasslficallon
Servke vlsksfrom 1st N¢Mmber 2022 to r+d￿lI•S$*$ golng
and thefullyear ImpBrtof th1$ d•clsion can been seen In 2023.
The Cattle Infomiatlon Servlce Ltd ICISI Con￿r￿e￿i9 contrlbuteto
the Ho15teln VK Groupwlth 5UTPtuses of £448,00012022- f1.0805351.
Surpluses are nomially glftaSded to thecharlty Inthe subsequent
year. howew. no surpluse5wIII be gfftalded for2023 profftsdueto
CapltalAllowance$4vollable for rhewequlpment purchased.
d. PrlD¢lp•lfvndlThg
Theannual acwunls p￿ented ire the wiorton théyearto
D•c•mbtr2023.
STRUCTVRI GOVERNANCE AND MANAGEMENT
TheCharlty¥ prlnclpal fundlng source5 are.. voluntary Income
ImembershSA rogI511atlon and classfficifjon Income contilbute
malntyttsthlsl. kn￿tMent In¢ome (th￿￿9h propertles held bythe
Chailty for rent and return on sha￿5 via dividend51 and profit from
ts4din9 sub5i¢Jiafle5whlch yndertakevarfous bctfvltl•s Including
healthtestlnN mllk rec￿dIn￿ genomictestln￿typeClasslfiCat1On and
other larm even
Holrteln UK Ith•"Ch•rltyl Isa Company Ilmlted bY9￿rInteé (not
havlng a shore capltall and15 a registertd Charlty. It Is govÈrnÈd by
oard ofTrusiee5 (the Boordl.The Board sets slrateglc dlrectlon 4nd
énsurestheCharltyachleve5 hs objectives. It over5ee5 govemance
nd Is responsible for uphDldlng ihe Charltys valuek It Is supported
by fourcomrnlttee5 (FI￿nCe Ilncl. Scotsbrfdge House 54lel, Show
& Sale, Sclen<e and Cpèratlon5ltowhlch11 delegatescertaln
authtsiitie5.Theday to day runnlNJ ofthe Charity i5theresponsibilSty
of the ExetutlveTeank
Groupconsolldated Incomefortheyeariotslled £12.089.14512021.
£71956,4581. Ona l*ekn IlkeComparat￿e hsis, Income Is up l.l%.
Thebudget set for 2024 wlllenablethe Societytooperatewlthln Ils
re50urce5whllst stlll delfverln9 the hlgh qualItyse￿£es membe
deseNe.
Memb•rs
The Charity's constitutlon allow5 forthe appolntsnentof members
nd ha5 M restrfctlon on memi*rnurnberkThey areentitledto
attend allgeneral meetings induding theAGM.where they recelve
theAnnual Rep)rtand acrounts and ekctor re-elertTw#oe&
Naiional BO￿ne DataCÈntrt Ltdwa5 SetUpar￿ began tTadlng In
2017. In 2023 a1055 of£24540 was recorded1£141A081055 in 2022).
Athhu•I keport&Ac£ounts F0rt￿yearend￿d 31 Decernber2023

Regularcontact15 maintalned wkh member5, malnly thmughthe b
monthly magazlne Thejournal.
d.P•lcle8adopt•d knth• Inductlohindtralnlng olTNst••s
TheTwstees offer a wide range of skills and experfence es5entlal
tothegoodgovemènceof thecharlty. NiwTrustees undergoan
orlentstlort dayto brlefthem on their ￿gaI obligatiun5 vndttCha￿ty
and Companylaw.Ihecontentof the Memcrandum and Articles
of Associauon, the commlttee5 and decislon making pwoce$4the
buslness plan and iecentfinancial performance ofthe Chartty. Durfn9
the InducUon d3y,Trusrees meet key employees ofthe cha￿ty.
Trurtees are encouraged to attend approprlaté external tralnlng
events where the5ewlll facllliate thè performanceof thelr role.
Pypollrylwk•y m•nagom•ht p•rwnn•l
Key management staff do not have annual salary wlews, however,
annual costof Ilvln9 pay Increases are givtn to key management staff
at the 50rne Inflatlonaryrate asforall other $taff.The salarlesawarded
to new keymanag•m*nt staff are benchmaTked a9alnst the marketio
tnsvrè approprlatelyqualffied staff are attra<ted tothe￿9&nI10tl0n.
f. R•knt•dwrty r•litlonihlpi
TheCharltYw0￿$w1th othtr organlsatlcn5 lo further Its oblèctfve5
Ind hb$ clos• Ilnks wlth l￿dIeS such 45 AHDB.
There are currentty 5,348 membÈTS, of whlch ?5 aweTrvstee& Each
memberguarantees tocontrlbute up to one pound sterlng l£ll to
thetharitys debts, Ilabllitle5 and costs in the eventof the Chailty
belng wound up and foroneyear afterieasing tc bea member.
Ory•nts•tlon•l stryrtyY• and d￿lI10n.Mik￿n9 poUd•s
Ih• Bomvd
The Board over5ee5 a robust govèrnanceframework.TheCharltys
9ovemance complles wlth the Code forthevoluntary and
Communlty Sector endor5Ed bythe CharltyCommlsslDn, and wlth
other best practlceguldellnes. It has ayreed a 5che(lule of matters
reserved to the Board whlch Includes approval of annual budgets. tt
delegate5 oper*lonal responslblltyfor the charlty¥ actbvrtles tothe
Chlef Executlvèand EvecutlveTe8m and provldes athlce, guldan¢e
and svpport on an on yolng ba515. FlfteenTrustees cornprlsed the
Btsard at09 May 2023.AIITrustees are mernbers of the Charlty•nd
Dlrectors of thetharftabletompany. Durfng th• rtportkng perlod
th•r• w¢re612022.. 6ITru5tees'meetlnys, all held In peisorn ¥Yhl¢h
hloved an 88%12022, 90.2%) attendan¢e.The IndlvldualTrusteei'
percentage attendance forthe reportlng perlod w¥s asfoltows:J
8alllle 100%, D Coryn I00* W Gre99 IOO*J Hartley IOO%, S HIII
83.396, CJone5 Im D Lawson 83.3%W Pattt>n 10081 5 P5rle 100%, P
rlth m•n•9•m•nt
TheTTU5tee5 have as$e$5ed the malor rl$ks t¢ whlch the group ind the
charlty a¢eexp05ed, In paitlcularth05e related to theopewatloTrs and
Ei
Prlor O*M 5male IOO%, R Thoma$ fj6.7%, MWlnterSO%.JWhlttaker
83.3%,WWllllaffj5 IOO*A Wlllamson 100% and B Yate5 100%.The
amountolexp•nses ielmbursed toTru5tees durlng the r•poitlng
pthod was £20,81512022.. £16,511].
ffinance5 ofthe Gioup and the Charlty. and are sètlsfied t￿t 5y5terns
and proctdurts are In placeto mltlgate exposvretothe major rlsks.
Plth6hrfv¢yY• p•rlodi
The Chailty wlll contlnue to PTomote and encourage the breedlrwj of
Ho15teln and Bdtlsh FTleslan cattlewlthln the UK d•lry herd.Where
¥pproprtat•. Ilnkswlth other Industry bod1è5 wlll contlmue to achleve
thecharltys oblectlve5.Centrallslng Informatlon and dataforth•
beneficlal Improv•m•nt ofthè dalry bTe¢ds and the promotlon of
hoiiMlcmanigem¢rt tystems ferd?Iry¢Bttle wlll b• a key obhctlve.
Tht expanslon of health and weWarete5¢1ng w￿h￿￿th¢uKaDd
ttsllertlon olon farrn data for research purposes to Improvèthe
Charfl￿5 5ervlces to tts members remalns a keyfeature of theTiurtees'
plans.
Commltt•
AIITnJstees Se￿On at lèast one commlttee.The commrttees are
delegated spwlfic re$ponslbllltles bytheTruste•$.Th*y provlde
<ouns*l, éxpertlse and sUPPOrt to tht ExetutlveTeam Cornmltte•5
undertakean ￿lts￿l0n of thelr own performance OD a pellodl
basls artd us* anyfeedbackto support Improvements In th• overil
governan¢eof the Charlty,
Ex•tutlv•T•Jm
The Exe(utlveTeJm1s respon51ble forthe dayto day runnlng of
thecharftyunderauthorftydelegated bytho Board. It proposes
tothe Board Whe￿ the Charlty should Invest Its tlme, moneyand
experfjse. It Mvkws wlth the Board any changesto strategyon an
annual basls. It propose5 an annual operatlng budget to thefinance
£ommltteeand the Board for approval •nd monltors fi￿n(la1
performance accordIng￿. It re<omrnends anychan9es to budgèt In
Ilghtof perfomiance to date.The Exe<utivefeam comprises of the
followlng keyemp10yees.. Chlef Exécutlve OfficÈr, Head of Flnanc
He•dof Ev4nt$ & Marketlng Head of ff.and Head of N8DC & 8re•d
Development, and forC15, Head of ￿eld Servlces •nd Head of
LaboratoryOperatloTr5..
The Charltywlll undertake research Into futuretvends In dalrycattle
breedIr￿ and management and wlll dlssernlnaté these iesult5 to
membersand thewlder Indu5try.The Charlty wlll maintaln Its posklon
i$thepre*mlnent source of Independent daliycottle breÈdln9
Inlormatlon In Europe.
The Charltyls very awa￿ olthe Issuesfaclng the dèlry Industryand
the need to develop the next 9eneratlon of pedlgreefarmers.fulty
equlppod to bt suttessful In a rapldly changlng Industry.The Charfty
wlll contlnuetolnvest In Ho15teln Young Broeder5Khemelo
ensuiethatfvture ddlryfarrner5wIII continue to enloy5uccess.
knhual Rewt&Arwwbts Fortheyear ended 31 De(embei2023

AttheAGM In June 2018, t￿charIty1a￿￿ched Its2018-2023 Strategy
%thich Inco￿orated feedba<kfrom member&The 5trategywas
updated during 2023 wlth a r￿W strategyforthe period 2023-27
developed.
TheTwusteesare responslblÈfor keeplng ￿eq￿aleaCCoUnt0ng records
thatare sufficlentloshowand emplaln the Group and thechaiitys
transacrionsand dls¢lo$ewfth yéasonablè at¢ura¢y3t anytlmethe
finantial position oftheGroup and the Charrtyandenable them to
ensvre that the finantlol 5tstements comptywlthihe Compjnles Art
2O(￿.Theya￿als0 respon5iblefoT5afeguaTthng thÈa55etsofthe
Group and the Charlty and 1￿cefortakIng reasonable step5 forthE
prevention and detectlon offTrud and other irregularltie
Mpmb*rs'114bllty
The MEmber50ftheCharfty9uaMteeto contrfbute èn am¢￿ThI not
exceedlng £1 to the ass•tsoftht Charltylntheeventof wlndlng U
EhwAg¢m¢ntwkh •rnploy••*and •mplgyrnenlofth•dlMbl•d
Empl¢>yees have been con5ulied on Issues of coThcerniothem by
mean5 ofregutsrc0Dsuhat￿e£OMfft￿￿It and staff meetlng5 and have
been kepi Informed on specffic matters dlrectlyby manogemenL The
Groupand thecharlly carrle5 ¢)ut exltlnter¥lew5forall staff leavlng
theorgan15atlon and has adopted a procedure of upwardfeedba¢k
for senlor managementand theTru5tees.
DISCLOSURE OF INFORMATION TO AUDITORS
Each ofthe personswhoareTw5tees atlheilme when thlsTwsteE
RepDrt Is approved hasconfirmedthat
-sofara5thatTru5tee15awar¢there15 ￿ relevant8udrt Infomiatlon
of whlch thecha¥ltable Groups audltors ait unaware. and
TheGroup ènd theChaTlty ha5 Implemented a numberofdetslled
pollcles In relatlonto all aspectsof personnej mitters1ncl￿JIng.
- thatTrustee ha5tsken allthestepsihat ought to have b•tn taken as
èTrustee In orderto be awareof any re1evinthud￿lnfoImèt￿t)￿ and
to establshthatthe charltsble9ioupS lud￿are awaftofthat
Informatlon.
-Equal opp)rtunltles policy
-Volunleers'pollcy
AUDITORS
-He41th & safety polky
The audltors,WR Paitners. have Indkat•d th•liwllllngness to
contlnueln office.Thede519nèt•dTrustee5 wlll propos• i mofjon
reappolntlThg th• audltors èta mtrung of th•Trusteès.
In a<cwdance wlth theGroupand the Chrlty'5 equglopportunhles
poky, theGroup and the Chathy ha$ long est•b1lsh*dl￿w
empbymeni wacuces In th• m(￿ltMen¢ selectlon, retentlon and
tralnkng of dlsabled staff.
Approved bY0rd￿ ofthe membwsof th• bo•rf ofTrusleeJ and
51gned onthetr behairty:
Full detslls of thesepollcles are bvaltsbl•from thechorlty's office
St•t•m•nt ofTrurt••s'r•4WbslbMItI
TheTiustees (who are a150 the dlrectois of thecharltyforthe
rptsses of cornpany lawl are responslble ft*r preparlng theTrustee
Report lThdudln9theStrate9lc Rtport Irid thèfiThanclal statements
lThaccordan¢è w5th appllcable law and Unlted Kln9dom Ac¢ountlng
Standards Ivnlted Kln9dom GenwallyA£cepted kcountlng Pradkel.
Company lawrequlrestheTruM••s topryréfinanclal statements
foreach financlal peilod. Under company tsw, theTruslee5 must not
approve thefinancla15taiernents unless they a￿ 54t15fiedthatihey
glvea tweandfaIr￿eW of the stsieof affalrs oftheGroupandthe
Chartty and of thèlr Incomlng resources and applkatlon of re50ur£e4
IrKludln9 thelr Income and expendItu￿.kn thatperh)d. In prePa￿ng
Ihese finanelal statement5, theTru5tees are requlred t
Wth￿ Gre
Walla¢e Gre99 ICh•lmunl
D•l*09 M•y2024
-selectsuRableaccouThtlng polkles and then apply them
con51stentlyi
-observethe method5and wlnclples ofthe Chailll•s SORP IFRS 102),.
-make Judgrnentsand 1￿coUn￿Trg estlmatssth1ta￿ reasonableand
prudent,.
-5tate whether oppllcable UKAccountlng Stsndards IFRS 1021
been followed, subject toany matÈrial departure5 d15ckssedand
explalned In thefinanclal 5talement
-preparethefinanclal 5tatemeThts onthe gojng uncern basls unless it
Is Inappmprfateto P￿￿meth￿t1heG￿UpW1I conllnue In buslness.
knhual Report&AcfouThtsFortheyearended 31 Decembw 2023

REPORT OF THE INDEPENDENT AUDITOR
TOTHE MEMBERS OF HOLSTEIN UK
OPINION
Based on theworkwe have performèd, we have not Identthed
any materfaluncertalniies le1￿1ng to events or tonditions that,
Indlvldualty orcollettively, may tast 51gnificant doubt on theGroup%
orthe paent charltable companys abllhy to tonllnue as a 9oSng
corKern fora perlod gf at 1easttWe￿e monthsfrom wh•nthe
financlal$iatement5 arn authorlsed ft)r155ue.
We have audlted the financlal staternents of Hol$telTh UK Iihe
t)arent chaTltable Compan￿ and its subsidiaries Ithe'9roupJ ft*ilhe
yearended 31 December2023 whlch cornprlse the Con501idated
Statement of FtThanclal Activitle5, th¢CgnsolldJted BJlance Sheel
the CharftyBalance SheeLihe Consolldated Statementof Cash Flows
andthe related note& Includlng a 5ummaryof $1gnlfiiant arcountln9
polfjcles.The financlal repor￿ng frameworkthathas been appw In
thelrpreparatloTh15 appllcable lawand Unlted Kln9dom Accountlng
Standards. Indtsdlng Flnanclal RepDrtlng 5tsndaTd 102The Flnanclol
Reportlng Standaid appllcable In the UK ?nd Republlc of Ireland,
Iunlted Kln9dom GeneraltyAcc•pt•d Accountlng Pr￿tke1.
Our ￿sPonSIbl￿tIeS ondthe respon$lbllltlés of theTru5tees wilh
re5pectiogolng concein are déscrlbed In the relevant $￿tIOnS of thts
report.
OTHER INFORMATION
Theother Infomiatlon comprlsesthe Informatlon Included Inthe
Annual Report otherthan the financlal statements and ourAudlt•rs'
Report thereon.TheTrustee5 are rosponslble forthe other Informatlon
contslned wlthln the Annual Report. Our oplnlon onthefinanclal
srètements doe5 not coverthe other Informatlon and. except tothe
extent oihetwlse expllcltly stated In our r•port, we do not exwess any
forrn ola55ur3nce conduslon theieon. Our responslbiijiylsio Mad
theother Inform•t+on and, In dolng 30, c¢nsldoTwhetherthe other
Inforrnatlon Is mateilally Inconslsttntwlth the financlal stotements
or our knowledge obtalned In the course of the audlt. oroth•rwlse
appears to be materlally mlsstaled. sf we Identffysuch materlal
Inion515teKle50r oppaient rnaterfil mlsstatements, we ale requlr•d
to dettmilne whether thl$9lves rlsé to a rnaterlal mlsststement In
Ihefinanclal rtatements theMSe￿e$.11, based on the work we have
performed, weconclude thatthere15 a materlil mSsstatementolth15
otherlnfomiatioTh we are Tequlred to reportthltfact.
In ouroplnlon the financlal statements..
- olve a true and falrvlewofthe state olthe Group¥and of the parent
thBrltable cornpanyl affalrs as at 31 December 2023 èndofthe
GrtyJp% Incomin9 resourte5 and appllcatlon of resouices, Includln9
Its lTrcom¢ and expendlture for the yearth•n •nd•d,.
- have been properly prepared In iccordincewlth Ufihed Klngdom
G•nèrallyAccepted Accountlng Practlce,. an
- have been prepared In4(￿rdance wlth the requ5rem•nts of th•
C+)rnp•nlesAct 200&
BASIS FOR OPINION
We ¢onducted ouraudlt In accoTdancewlth Internotlonal Stondaids
on Audltlng (UK) IISAs IUKII and appllcable law.our iesponslbllltles
underthose standard$ arefurthti de5CTlbed IntheAudltors'
iespoThslbllltles forthe audlt of thefinon¢lJl Statements $edion
Olour report.Weare Independent ofihé Group In accordance
wlth the ethkal requlrements that are relevant to oui audlt oftht
fiMnclal statements ln the Unlted Klngdom. Includlng the Flnanclal
RePor￿n9 CouTrdl'5 Ethlul Standard and w• hive fUlfil￿d our othèr
eth￿1 v*$ptsnsiblllti•s In •ccordinct wlth these requlrements.we
bellevethat the audlt evSden¢e we have obtalr*ed Is suffichntand
approprlateto provlde o ba515 forouroplnion.
We have nothln9 10 report In th15 re9ard.
OPINION ON OTHER MATTER5 PRESCRIBED ￿THE
COMPANIES ACT 2000
In ouroplnlorn bas•d on th• work undertak•n Inth• couwse ofthe
audlt..
- the Informatlon glven In theTrustsÈ5'Report Includlnglhe Strnttylc
Report forthe financlal yearlor whlch the finoncla15tatements are
prépared15 con515tent wlth the financlal statements.
CONCLUSIONS RELATING TO GOING CONCERN
udlllng thefinanclal $tatement5, we have conc￿ded that
theTrustees'u5e ofthe golng concern bas1$ of accounting in th•
preporatlon of thefinanclal $tatèmtnts Is appropibate.
- theTru5tee5'Reportand the Strateglc Report havebeen prepared In
a(￿ldanCeWlth appllcable legal requlrements.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY
EXCEPTION
In the ￿ght010￿ knowledge and understsndln9 C*flhetharitsble
company and Itsenvlionment L¥btèlned in the coursèoftheaud
we havenot Identlfied rnaterlal mlsstitèménts In theTNstees'Report
Indudlng the Strateglc Report.
Ahhual Report &Ac<ounts Fortheyear ended 31 DecernbEr2021

We have nothlngto report In respett ofthe following nwtters In
rdation lo which Companies Art2006 requires u5to reporttoyou if,
ouyoplnlon..
-Wealso a55e$5ed theCharity5 internal control procedurestoensure
we could appropriatelyscrutlnlsèthe5e controls and estsbllsh
whetherourunderstandlng of the ¢ontr¢l envlronment was
sufficleni tosupplement our addriional testlng pioc*dures.
-the parentcharitiblecompany has notkept adequoteand sufficient
accountlng re(ords. or returns adequateforour audlt have not been
received from braThche5 notvisited by us.. or
-Theengagernentteam con515ted of a team thatthe engagement
partTherbelleves Is equipped wlth the relevant level Oft￿hnical3nd
Chartyawarene55 to carryout ourworkto the requlrnd 5tsndard.
-the parentcharltablecornpanyfinanclal $tstements are not In
19reementwfththeaccountln9 rocords ond Mtum5; or
Afurtherde5criptlon ofoui responslbllltle5fgrthe audlt ofthe
financlol ststements Is located on the Flnanclal Reportln9Councll
web51te aL' www.frcory.uklaudltorsresponslbllltle5.Th15 de5crfptlon
fomispartof our Audltors'Report.
-<ertatr) dlsdosuTe5 ofTrLtstee5'remuneratlon 5peclfied by law are not
made.or
-we have not recelved all the Infoimatlon and expbnatlons
reoulre forouraudlt,
USE OFOUR REPORT
RESPONSIBILITIES OF TRUSTEES
Thls Mport li madt wltlytothe CharItsb￿ company5 membe¥s, as
body, In 8c£ordance wlth ChapteT3 of Part 16 of the Companles A
2006.Ouraudltworkha5 been undertaken so thatwe mlght stateto
thecharltsble company's member5 those mattels weare requlred
to state to them In an Audltor5'Report ind for no otherpurposè.
Tothefullestextent permltted by law, WÈ do notactept or assume
r•$ponslbllltyto anyone otherthan thecharltablecomparby and Its
member¥ as a bodyi loi our audlt worKfoT thls report, orforth•
oplnlon5 wé hav* formed.
As explalned more fultyln theTrustees'Responslbiltties StatemenL
theTrustees (Whoa￿ a150 the director5 olthe chailtable companyfor
the purposesofcompany lawl are responslblefoT the preparatlonof
finantlal statement5 and ft*r beln9 $at15fied thatthty glve a true
nd falr vlew,andfor such Internal control as theTfustees determlne
Is necessèryto enable the preparallon olfinanclal rtattmenis t￿t arn
frè•from materfal mlsstatement, whether due to fraud orenor,
prepadng th¢finandNI Statements, theTru5tees are responslble I
*H•sslng th• Groups ind the par•ni chirftibli compwys abllltyto
contlnue a5 agolng concem. dSscloslns as appllcable, Matte￿ related
tO9olng corKem and u>lng the golng c?n￿rn ba515 gfaccgunllng
ur*less iheTiu5tees eltherlntend to Ilquldatethe Grouporthe wrent
<hariiabl• companyorto cease operatlons, or have no reallsllc
altematlve but to do $0,
Andiew Malpas
WR Partners
Chartered Accountants and 5tstutoryAudltoys
Belmont House
Shrew5twrygu51n•55 Pjrk
Shr•wsbury
Shropshlre
SY2 6LG
Date:
15enlor Statutory Audltorl fow and on behaifof
AUDITORS'RE5PONSIB1L￿1Es FOR THEAUDITOFTNE
FINANCIAL STATEMENTS
Ouw oblectlves areto obtaln red50nable455uranco about whether the
financlal 5tstsments a5 a whole are free from rniterlol mlsstaiem•n¢
whèthordueto fraud or error, Ind to Issue an Audltor<Report
th)t Includes ouroplnlon. Reasonable assuran<e Is a hl9h thl
ola55Uran￿, but15 not 4 guarantee thatjn audlt Condurted In
ac<ord•ncé wlth ISA5 IUKI wlll always detect a rnaterlalmi55tatem•nt
when It exlst5.M155tatements can arlse from frau4 orewror and ale
cgn$ldeied materlal If. Indlvldually or In the oggregate, theycouid
reasonabty beexpectedto Influence the economlc declslons of users
tiken on thebasls of thesefinanclal $tstements.
re9uI)rltles,In(ludlrtg lrnud are In5tantes of non-CDmpllance
whh law5 and regulations.we design procedure5 In Ilne wlthour
respoThslbllltle4OUtllned above, to detect materlal mbsstatement$
In respectof Itreyularftles Includlng fraud.The extenl towhlch OUT
procedure$ 8re cap8bleof dewrlng IrTegul4rttlek lThcludlngfraud1s
detallod below..
- We revlewed the su5ceptlbllltyof the Charltysthnanclalstatements
to matsrlal ml$si•tementand Identified the prlnclpal risk%
Implementlng a serles oftesfjng protedures to pmldÈ us wlth
sufficlent comfort to Issue our opinion.
-we rewlewed the Chadtys re9ulatory environm•ntto *n511r* w•
could conclude that It had acted In accordance wlththefRmework
I?￿Vant to thechadty and Its envlronment and identifyany
in5tance5 of non-compliance.
Reporta Accounts Fortheyearended 31 DecemJxr2023

CONSOLIDATED STATEMENT
OF FINANCIAL ACTIVITIES
(incorporating income and expenditure account)
FOR THEYEAR ENDED 31 DECEMBER 2023
UnMstrl¢t•d
fvnd¥
202J
Tot•1
lund•
3033
Total
2022
Not•
INLOM
Donatlon5
26,919
26,919
2¢103
Chatftable actlvktles
2.944,122
2,944,122
1851130
Othertradlngactlvltle5
8,977.970
8,977,970
&94U32
Imiestments
140,134
140,134
135J93
Ttytsl Inom•
12,069,145
11019.145
EXPÉNOITUAE ON.
Ra151ng fund5
8.558,510
8,551510
7,797,755
Charftable actlvltle5
3,400,365
3.400.36S
3,78¢890
T￿•1 •xp•ndlwM
11.95&875
11.951.875
14984645
Net11055esl19alns on Investments
86,439
88A39
1179.688)
N•t In￿m• lJ•loM
21&709
218,709
Taxatlon
141379)
N•tmov•m•ni INf￿d$b•I￿r•olh•r M<ognlMdg4lhi
211,709
31•,709
747,746
Lossesl Garn5 on revaluatlon of fixed assets
1690,0001
1090.OIK*l
325,OWJ
•tmov•m•nt In lurtds
1471,2911
1471,2911
1071740
Totalfunds broughtforward
17,839,838
17,839.838
1fj767,092
Nèt movérnérttln fufids
1471,2911
1,072,746
Tot*lfvhdiwil•d foNird
17,568,547
17.>08.347
I7￿3*•31
TheConsolld)ted Statement of Fln8nclal Actlvmes In¢￿deS 411 galnsand losses re(09nlsed In theyeai.
7henoies on page5 24to 38 form part ofthese hnanclalstatement5.
Annu41 R•port&A¢wunts Forthe yearended 31 December2023

CONSOLIDATED BALANCE SHEET
AS AT31 DECEMBER 2023
2022
Not•
Intanglbleass¢t5
14
40,029
Tanglbleassets
1$
12,132,818
12,379.3091
Investments
17
1,758843
1,642,152
Investmentpropety
16
23￿,000
2,325.000
1&131.290
CiJANÈi4 I ASSETS
Stocks
19
252,e60
107.382
D•btors
20
1,642,937
1.753.138
Cash at l>ankarKI In hand
643,961
877.699
1519.764
Crethtors.-Imounts fallln9 duewiihln oneyear
21
11.3025061
11,307,749)
N*tcyn•nt •M¢tr
1.2372SJ
1,424,47Q
17JO8J4B
17,839,839
Rellrlctedfunds
22
Unre5tr1rtedfunds
17,368,548
17,839A39
T•t4lfvnds
I7.3￿540
17.839AJ9
TheTru5tee5acknowledgethelr resp0nslbfjlltlesfor¢or￿ty1ng wlththe requlrernentsofthe Act wlth resptttoaccountlng ￿01d$and
preparatlon of financlal Statements.
Thefinanclal ststernent5 were •pprov•dandauthorls•d for Issue bytheTrusteesand slgned on thelr behawty.
W•llK• Gr•gp(Chalrni￿}
D•t•:09 May 2024
Thenotes on pages 24to 38form part ofthèsefinanclal 5tstements.
Rwrt&A(<OUhtsForthe yearended 31 Decembw 2023

CHARITY BALANCE SHEET
AS AT31 DECEMBER2023
As restaied
2022
2025
Intanglble a55et5
14
14,029
Tanglbka5S<ts
15
10.273,209
10,674647
Investments
17
1524A28
2,404137
Investment propetty
16
2,200,tKKI
2,325,000
15.01IM6
I ASSETS
Debtors
20
IA17,818
2285,166
Cash at bankand In hand
8,367
329,87S
1h20,2JJ
2014041
Credltors.. )mounts folllThg duewlthlnoneyejr
21
1417,1701
(1.1OZ2513
curMnt•is•ts
1.009.005
1,431790
14020,731
14911,U2
('blAHITY FUNOS
Restrlcted funds
22
UnTe5trfcted funds
16,020,731
14911,482
Totslfuffi&
1fj020.7JI
14gIIM3
TheTrustees 4cknry4ledgethelrresponslbllRlesforcomptylngvAth the Tequlrem¢nts of tht Act wlth resperttoaccountlng records and
preparatlon olfinanclal statements.
Thefinandal statements were approved and authorlsed for155uebytheTTUSlees )nd $19ned on thelr beh•Wby.'
Wkn£ Gre
Wolht• Gr•pg IChalrni•nl
D•t•:09 Mèy 2024
Thenotes on pages 24 to38form p4rtof these financl•l statements.
Annual R•port &Auounts Fortheyearended 31 December2021

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THEYEAR ENDED 31 DECEMBER2023
2023
2022
Not•
CAS11 fLOWS
NetC45h used In operitlng a¢tlvSrles
24
279,051
767,513
Lmvldends, Intere5t5 and rents from Investmènts
140.134
135,393
Proceed5 from the Sale oflang1b￿ fixed asset5
45,000
Purthase of Intinglblefixecl •ssèts
12¢CW)
Pur<hase of tan9lblefixed asset$
1579,7041
11349,0911
Dlspoml of Investments
217,843
154390
Purthase of Investment5
1264M621
(185A)31)
N•tush lumd Inllpp•vld•d by Ib)¥￿tIng Klfvlil
7891
11197.JJg)
Chan9eln cash Ind <45h equlvilents Inth• y•ar
1227,7381
(1.429,0201
Cash and cash equlvalents atthe beglnnlng ofthe
871,699
2,301.52$
Calh Ind •qylv•l•nts al th••nd olth•y•4r
25
643,961
877.099
The note5 on pages 24to 38form parl olthe5efin•nclal 5tst•menis
Annual Report&Att¢untsForthe yearended 31 De£ernber2023

NOTESTO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2023
I. GENERAL INFORMATION
The ConsolldatedStatemen¢ of FlnanclalActlvltles (SCfAI aTr
Con501dited Bolanct Sheet consolldate thefinanclal ststements
of thecharlty and btssubsldlary undertaklngThe r•su115 of the
subsldlaryare consolklated on a Ilne by Ilne basl
Hotsteln UK lsathathble¢ompJny Ilmlt•d byguaranteeand Is
Incorporated Inthe Unlt•d Klngdom.The reglsteredoffice and
operatlng addre5515 SCo￿NOu¥ Fh)rtonwood 33,Teltsd Shrop$hlr•
TFI 7EK In theeventoftheChaAty belngwound Ilabllty In
respettofthe guarnntte Is Ilmlted to £1 permemberof tho Charlty.
The Charfty hastsk•nacfvantage Dfthe exernptton ¥lltyw•d under
sectlon 408 of the Cornpanle5Ac¢ 21x16 )nd ha3 notpresenled Its own
StatementDf FlnarKlal Actlvltles Inthesehnanclal Staternen￿The [￿t
movemeni Infvndsforthecharltywas adeficltof £89YJ.751
(2022.. sU￿1￿S of £99I9691.
2. ACCOUNTING POLICIES
11 kn%lAolpp•p•r•llon of fin*n¢l•l it•t•m•nts
The financlal statemeftts have bEen prepared In acc?rd4nce wlth th•
5e(ond edltlon Charltles X)AP IFRS 1021- Ac(+)unllng aThd Reportlng
tychirlfjes.. Statemeni of Récommended Practlce appllcableto
charltlès prepailng thelra<counts In a<cordanctwlth the Flnancl?I
Reportlng Stand4id appllcableln the UKand Repybllcof lrnllnd (FR5
102) leffecrive l )&nuiry 20191, FlnaK5al Reportlng Standard
app11￿￿•1*In the UKaThd Republlcollieland IFRS 1021 andthe
Ccrfnpanles Act 2￿6.
2.3 fJOln9con￿n
After maklng enqulres, theTrustées have a reasonableexpectatlon
thatthe Group has ad•quatè resourcesto contlnue In operatton•l
*xlstencefortheforeseeablefuture.The Group ￿￿r*foreconIITrUeS 10
adoptthe golng conctrn ba515 In pr•parlng ltsfin4ndal 51at•m•nts
2.4 kn¢•m•
AN lThtomè Is itctynlsed oncetheCharftyh45 entltlement to the
Inwme, It Is probablethatthe Incorne￿Il be rocelved and the
arnount of IncomerKelv•blec•n bèmeawred reliably.
GrantsareInClud￿ In theconsolldated Statementof Flnanclal
Actwles on a recelvableba515.The tsalan<•of Income recelved I
Holsteln UKmed$ thedefinltlon of a publ1£ benefitentlty under FRS
IOIAsMts ind Ilabllltles are Inltlaly recognlsed èt hl$torlcalc05tor
Èl
transèctlon value unless otherw15e ststed In the reknntaCcoun￿n9
pollcy.
spe(Ific PUiPDse5 but notexpended durlThg theperlod155howTh In
the relevantfvnds on ih•ealance Sheet.there Income Is recelved
In advance of Èntltlernent of recelp( Its recognltlonls deferred and
Induded In credltors as deferred lnc0me.wThe￿ent1t7eMeAto¢CUIs
before Incorne15 recelved,the Income Is accrued.
Theconsolldited Statement of Flnanclal ktlvltles ISOFAI and
Consolldated Balan￿ Sheet consolldatethefin3n£lal ststements
of the Charlty and115 5ubsldlary undertaklng.Ther*sulrs of the
substdl•ry èr•consolldatéd ¢)n a Ilneby Ilne ba51%
Intome taK iecoverable In relat5on todonatlons welved under rlft
Ald oideeds ofcovenant15 recognised at the tlme ofthe don•th)n.
Thecharlty ha5 taken advantage of the exemptlon èllowed und•r
5ertlon408of Ihe Comp8nle5 Art2006and has ntst presented hs ovm
Statem•ntof Flnandal Actlvltl•s In thesefiThèncSal statements.
Incomeiax Mciwerablt In relatSonto Investment Income Is
recognlsed at thetlme the l￿eStrnenl IrKome Is recelvable.
IX BulJ•f ¢onwlld•tlon
Theconsolldated financlal 5taternents pie5enlthe results of the
companyand IV5 own subshllarles I'Thefjrourf> is Iftheyfomi a
$lngle entlty. Inter<oMpanyiran54Ctlons and balances betweerbfjroup
companlesarethereforeellmlnated In fulL
15 Exp¢ndllyr•
Expendlture Is reco9nlsed oThrethere Is a le941 t¥ron5tsurtlve
obllgatlon totran5fereconomlcbenefitto a thlrd pty, ft Is probable
thatatransferof economlc benefitswlll be requlred In 5ettlementand
the amount of the obllgatlon ran tse meosuTed rellabty. ExpEndlture
15classlfied by ocllvlty.The ¢ostsof each acllvlty aremade up of
thei￿al otdlrect costs and shared cost5, Includlng 5UPPOrtcosts
Invofved In undertakSn9 Èa<h actlvity- Dlrertcosts athibutableto
a slngle artivityare allocated directtyttsthat actlvlty. Shared costs
whlch cothbuteto morethan one actlvltyand supportcosts whkh
are not atttlbutsbleto J51ngleKtl¥￿è1e apporfjoned ￿tween
those actfvitles on a bas1sconslstentvAth the useof ￿$0￿r￿Central
Thecon5011dated financlal statements IncO￿rItethe r•sults of
buslness combIna￿on$ uslngthe Pu￿￿se method. In the Balance
Sheet,theacqulrees Identifiableasset¥ Ilablltie5 and contingent
Ilabllltles a￿ Inltlally recogn15ed at thelrfalrvalLtes attheacqulsltlon
date.The resultsofacqulred operatTronsare Included in the
Consolldated Statsmtht of Comprehensive Incomefrom the date
on which £ontrol Is obtsined.They are deconsoldated frm) the datt
control ceases.
AThTrual Rep•rt&A¢¢oUnts For theyear ended 31 December2023

5tsff ctssts are allocated on the basls of tlme spent and dÈpreclatlon
thar9e5 allocated on the portlon ofthe asset5 Use.
Amorttsatkjn Is provlded on Intanglble agset$ &t r&te5 calculated
towrtteoff the cost ofeach asset on a stralght-jlne ba$ls over Its
exptcted u$eful11
Expend￿lU￿￿ <hth¢dble adI￿treS Is Intuired on dlrert
undertaklng the artlvltles which furtherthe Grou￿50b)e(tfve4 a5
wela5 anyas50clated support£05t5.
Amort15ation is provided on the following basls..
Developmentexpenditur¢.2
All expenditure 15 inclu51ve of IrrecoverableVAT.
Zl1 Tanglblafix•d asJ•ts ind d•préclatlon
Tan9lblefixed assÈts costlng £500 OT more are rapha115ed and
reco9nlsed whenfuture ￿onOmIC benefits are prebobleandthe c05t
orvalueof the a55etc4n be measured Mllèbly.
2.6 R•seai<h and d•v•lopm•nt
DevelopmentCQ5ts are capltallsed wtthln Intan9lbk assets where
theycan beldentlfitdwlth b speclfic pr¢xJuct or piolffi antIcIp￿ed to
pwduce futuiebenefits, and are amortlsed on the stralght Ilne bas15
overthe antldpated Ilfe of the benefit$ ar151ng from theiompkte<l
product orprolect
Tan9lble fixed assets are Inltlally recogn15ed at C05t.Aftei wecognltlon.
underthe revaluatlon model,tsnglble fixed 45sets whosefalr value
can bemeasured rellably shall be tarrltd ati Mialued amount,
beln9 thelrfali valueatthedate of revaluatlon less any subsequent
accurnulated depredatl¢N and subsequent aCCUrnLlated Impalrment
losses.
Deferred rewrth development ¢osis are revlewed annually.and
wherefuture benefit5 are deerned to have ce35ed ortobe In doubt
the balan<eof anyrelated research and developmentls wrhten off to
theCoThsohdated Statement of Flnanclal ActlvltlE5.
Revaluatlons are made wlth sufficlent regulaiStyto ensure thatthe
carylng amoL¢ntdoes not d5ffer materlallyfromthatwhlch would be
determlned uslng falrvalue at the end oftho r*portln9 dète.
3.7 lTht•r•Jtr•r•lvabl•
Int•rnston funds held on deposlt Is Included when re(elvable and the
amount tan be mtJsured ￿110￿￿ bythe Group., thls Js kjomièlly upon
notlficatlcffl of thelnleiest Pold or payable bythe In>tltutlonwlth
whom th•lundsar• d•posft•d.
Falr values are determlned from market-based evldence by4ppra15al
that15 norrn4lly undertaken by profe551onalty qualIfied￿lU•r$.
If there 1$ Tho m)rket-bp5ed evlden<• oftslrv•lu• b•c•use of the
$pèdalistd naturé of th•tanglble fixed asset and It Is r4Telyso14
except as part L)f a contrfbutlng bu51ness, a Charlty m4y need to
estlmatsfalr¥alu* uslng in Intome or depreclated repla¢*ment tost
apprth<h.
2AFoTolgnafftn¢l
Plonetary asset5 and Ilabllltlès dtnomlnated In fomlgn curréntl•s are
translated +ntO 5tertlng ot rDte5 of exchangE rullng atihe reportin9
dat¢
Trnn$actlons In forelgn currencles aretranslated Int05teillng atihe
raterullng Dn thedate ofthetransa¢tlDn.
Galns and1055e5 Qn revaluotlon are recogn15ed Inthe Consolldated
ststement of Flnanclal Actlvhlei wlth a separate revaluatlon reserve
befjng shown In the Statement of fund5 nete.
Exchangé9iln$ ind losses are reco9nlsed In the Coniolldated
ststement of Flnanclal Actlvltles.
Investment property Is m￿sured InltlallyatC05t. For subwu•nt
rne45urement the Charlty accepts the faly valuo model and
Investment property Is remeasured atthe end of each reportl
perlod. Changes In falrvaluÈ are recogn15ed In the Flnanthl Actlvhlek
2.9T•xatlon
Thechèrlty li ¢￿s{￿ered to pass ihe tests set out In Paiagr3ph
I 5th￿u￿ 6 of the Flnance Act 2010 and themfore It m•etsth•
definltlon of a charltable company for UK corporatlontax puwptsseL
Accordlngly. theCharky15 Potentlallyexernpt from taxatlon In resptd
of Incorn*of capltal gJln$ r•celved wlthln cate9orlescovere(I by
Chapter 3 Part I l of the CorporallonTax Act 2010 orsectlon 256 of
theTaxation of Chèryeabie Galns kt 1992. tothe extent that such
Ir￿n•orgaInsare applled exclu51vely to chilbtsble purp05e5.
Depreclatlon15 charged 50 as to allocatethe co$tof tanglbléfixd
assets Itssthdr reswual vilu• overthelrè5tlmattd usefvl Ilve5, usln9
I the stral9ht-Ilnemethod.
Depredprlon1swo￿ded on the follawlng ba5U'.
. Fieehold property-not depTeclated
LIO Int•nilbl• iii•ti •nd•m•rilsiilon
Intanglble assetsof a capltal nature4re £apltalised and rtto9nis•d
when future economic benefits are probable andthe cost orvalue of
th•assetcan be measured Tellably.
-Mgtor vehlcles- 2 to 3 years
-office equlpment- 2to IQ yelrs
-Computerequlpment- 2 to 5years
Intangible assetsare Initially Ttcognlstd at cost. Aftér rétt*gnbtlon,
Lmderthecost model, Intanglbte asset$ are measvyed at cost kss any
accumulated amortlsatlon and ary accumulated Impalrment1055es.
- Promotlonalequlpment- notdepre¢lated
Z12 1Th￿Stm•￿ts
xed asset investments are a form of finan¢lal Instrumentand
are Inltlalty recogn15ed at thelrtransactlon cost and subsequent
measured atfalrvalue èt the Balance Sheet date, unless the valu*
cannotbe measured rellablyln whlch case It Is mÈasuved at ¢0
less Impairment. Investment gain5 ond1055es. whelhei reallsed
or unreallsed, are£omblned and presented as'Gains/lix)55e51 on
investment5. in the Consolidated Slalement of Financlal Actfvltle&
Ateach ￿OrtIng datethe charity a5Sè$5ts wh•thèrther* Is any
Indcatlon of Impalmient. If5uch Inditatltrn ex55t4the iecoverèble
amouThtofthe355el15 determlned to be the hlgher ol11slali value
le55 ro45 tostll and its valu• In use. An Impalrment Ioss Is recogntsed
wherethecarWng amount eKeeds th• wcov•rable amounL
Annual R•port&Ar<ounts Forthe yearended 31 December2023

Investments In subsldlarles aievalued at cost k$s provlslon for
impairmenL
From Aprll 2015, underthe Pen51ons Act2008,theGroup must put
rtaln staff Into a pen$lon scheme and tontrlbutei¢)waTds ItThis
Is called automatlt ènrolment.To comply wlth automatit enrolment
laws, theGroup signed a participatlon agreementwitha penslon
provtder bywhkh staff becorne member5 On Independent
dmlnistered pen5¢0n plan.The Group and staff makecontrlbutloThs
asspeclfied th the plan.
113Slocks
Stocksare V￿Ued atthÈ ltswerof cost ènd net realisablevalueafter
making due allowancefor obsoleteand 51ow-rnovln9 5toth5. Cosi
Intlude$811 dlre(tC05tsand an appropfiate pioportlon olfixed and
ableoverheads.
2.141)•btors
Atth• rtportlnydate contrlbutlons out5tandlng amounted to£NII
12022.. £NID.
Trade8nd1)th￿ debtf)ts a￿ recognised at the 5ettlernent amount
afteranytrade dlscount offered. Prepayments arevalued ètthe
amountprepald netof anytrade dlscounts due.
3JQFvnd a¢￿￿￿11￿9
Generalfvnds are uniestrlcted funds whlch areavallableloru5eat
the d15cretlon of theTru5tees In furtherance of the genernl oblectyves
of theGroup and which have not been deslgnated forother purposes.
Investment Inc*)mé, galns ind10sses are allo¢ated to unrestrkted
funds
2.15 C•sh •t b•nk•thd Ih hind
Cash at bankand In hand Includes cash and short4erm hbghty Ilquld
Investments wlth a short maturlty of three month5 or less from the
date ofa¢qu151tlon orupenlng cf the dep051tor s1m1hra￿OuTht.
2.11 U•bllltl•*•nd provlilon•
Uabllltlesare recogn15ed when th•r• Is an obllgatlom atthe Balance
Sheetdate as a tesuli of i pJstevent, h Is probable that3transler of
Ètonomlc benefit wlll b¢ requlr¢d In settlement, and the amount of
the settlementcan beestlm•t•d r•llably.
3.CRITICAL ACCOUNTING ESTIMATES
AND AREAS OF JUDGMENT
E5tlmates and ludgmefit5 Ire <ontlnu•l1y•valuat￿ and are based
on hlitorfcal ey*)erlen¢• ind other lortors, Includlng expectatl¢)ni
of futureeventsthatare belleved tv b• r•asonable underthe
clr<umst4nce5.
L1èbllltl￿ar* rtto9n1S￿ at the amount that the Charlty anllclpates It
fjll pay to settle the debt orthe amount K has recelved a5 advanced
payrnent5for the goods or5ervlces It must provlde.
Prov151on5 oremea5vred atthe best e5tlmats of the amount5 requlred
to setile the oblgatlon, Where the effect of thetlme ¥a￿e01 money
Is mBterlal, the prov151on15 based on the p￿sentYaI￿e of those
amounts.dlscounted at the pre-tixdlscount rate that ieflect5 the r15k5
5peclfi£ tothe Ilablllty.The unwlndlng of thed15courit15 IKO9nlsed In
theC*)nsglldated St)tement of Fln•nclal Actlvltlls as afinancècosL
crtd¢•l •ttOUhllng •rtlrnatsi•nd •Mumptlvns:
ThE Charltyrnake5estlmate5 and 45sumpiions coftternlngthe
future.The resulrin9 accouniln9 •Stlmates and assumptlon5 wlll by
d•finltloN s•ldom •qual the Telated actual re5ultk
Flxed a55ei propertles are Included at valuailon. Formal revalL*tlons
lorall propertle5 except Scotsbrfdgt House took place Inthe yeaT.
Scot8brld9• Hovs• Is Intluded alTruste¥s valuatltsn, Informed bythe
negotlatlons In relatlon to It$ planned sale,
2.17 Plnancl•llnJtrum•nti
Th• Grouponlyhèsfinanclal assèts and financlal1Sabllltles of a klnd
that quallfyas ￿sIC financlal Instruments. 8aslc finaKS•l Inllruments
are lnltlallyreroyn15ed attransartlon value and subsequent
measured at thelr Settlement value wlth the exceptlon of bank
loan5 whkhare 5ub5equently rnea5ured at amortlsedco5t U51n9 the
effertlve lThtefe5tmethod.
4. INCOME FROM DONATIONS
AND LEGACIES
Unre5trlcted
fvnds 2023
118 Op•r•tlnq
Rentals pald undeioperatlng leases are charged to ihe Con5011dated
Statementof Flnan£lal ALtlvltles on a 5tralght Ilne basls overthe lease
temi.
Totsl
fvndi 2023
Totol
funds2022
Glft Ald
Totsl 2023
Toto12022
26,919
26,919
24103
26,103
26,703
26,919
2¢7QJ
2.19 P•nslons
TheGroup operntes an occupatlonal penslon s<heme prtsvldlng
mDneypurchase benefits on a defined contrlbutlon basls. Emplgyees
whglolned the monty puichase pensl¢n schem• coniiactdlrtrtty
v+lth the pensloA tompany, Now Penslons Ltd. Contributions by
the Group and eM￿OYeeS are determlned by the scheme rule
The Group act5 a5 an agent In collectln9 and p8yln9 overemployee
penslonwntrlbuilon5. Once the c¢ntrlbuiions have been pald, the
GrouB osemployer. ha5 no fvrtherobllgatlons.
nual Report&A￿ount5 Forlheyearended 31 De￿rnber2023

5. INCOME FROM CHARITABLE ACTIVITIES
Umestrkted
T+)t•l
fwlds
202>
Totol
funds
2022
2023
Membersubsthptlonf￿s
277,665
2Y7M65
290275
Hwd Book entryfee5
I.844￿19
7,714398
Heyd BOokSe￿ceS andsundry income
242,097
2411197
263871
Journal 4dVertI￿n9
23518
2>￿18
23,527
Lwtockevents
439,374
439.J74
425.140
Othersodotyservkès
2A96
2A90
1290
C*alogue and herd brochure servlce5
666
1.610
Sreeder awards
101560
101.$60
91723
Re4ssu<transfer fees and fine5
11.927
11.927
43216
Tots1202J
1944.122
1944,121
Z851130
Totd12022
Z852,730
6. INCOME FROM OTHER TRADING ACTIVITIES
Tot•1
Toiol
14tnds
2022
fvnd•
2025
MF, *"H
i.
AC.
202J
The Cattle Informatlon S*vlce Llmlted
75lJh26
7,513A20
7.549,889
Natlonal 8ovln¢ Data Centre Llmlted
1464544
1,391943
T•tal 2021
8,977,970
4977,970
8.941032
Toto12022
4941832
&942A32
7. INVESTMENT INCOME
Unr•Atrkt•d
Total
fvnth
2021
Total
tunds
2022
2023
Rents recelvable
94,850
94.850
90,800
Divldendsfrom irted Inbwtments
45.284
44593
Totsl 2023
14KI,134
140.134
135J93
Tota12022
135,393
135,393
Annual R•pDrt&A((ounts Forthe year ended 31 DecembeT2023

8. EXPENDITURE ON RAISING FUNDS
UDrestrltt•d
ds
Total
fun&
X+2J
Total
fvnds
2022
C05tot5ale5
3A47.715
3.847.715
3.79￿95
Admlnexpenses
1,080.551
ImO.551
814958
Admln staff costs
3.4￿4￿39
JAO4839
Depre(lallon
225.405
225AOS
F49WY
Totsl 2023
8,558,510
&558,510
7.797.Y55
Tolu12022
7,797,755
7.797.755
9. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Total
Totttl
fvnds
2022
202
2033
Ho15teln SodetySer¥lce5
3,400,365
3,1￿890
Tot•1 2023
3AOO.365
3,18&890
Tolo12022
3.784890
3,184890
10. ANALYSIS OF EXPENDITURE BY ACTIVITIES
Adlvlt
und•rt•k•n
dli•¢dy
2023
Toi•l
T¢tol
luTrds
2022
2013
Ho15teln Soclety Servke5
3.400,365
JAOts,J65
3,188,890
T•t*1202J
3,40a305
3AOOJ65
1184890
rotsl
funds
2022
fvndi
2023
2023
Staff costs
1,294￿3
1.294M3
1,O9¢734
DepreclatlDn
87￿04
87Jb04
101,641
Researchand buslnessdevelopment
70SB9
70.589
64610
Testin9 parentage
210239
210239
104522
Uvestock shows
743.151
743.151
644972
Journal printfjng and drajthin
11&686
118.686
117,756
Annual Report&Ac¢0￿nts Fortheyearended 31 December2023

10. ANALYSIS OF EXPENDITURE BY ACTIVITIES ICONTINUED)
Facilities mana9emenland utllltle5
197,957
197.957
174747
Telephone
40,823
40.823
32.663
Posts9e and #atlwery
),863
Computermalntenance
223,309
223.309
20Z050
eld staff
59.517
59.517
43,013
Audltfees
19.220
19.220
16050
GoverTh3ncecoAs
41.636
34130
Bankcharges
12,163
I116J
12J81
Marketlng and publlc
74,133
74.133
45,517
Profe551onal fees and¢￿rge5
97A07
97,407
285293
HIM tsféqulpmentand vehlcle5
18.785
10,785
1&163
Tota12025
3.400,365
3400,36S
3,18&89Q
Toto12022
3,184890
3,184890
I I. AUDITORS'REMUNERATION
202>
2022
Fees payable tothe Chjrltys audltorlorthe audltof the ChaYlty5 4nnual
accounts
1•,570
17,200
Fees payable tothe Charltys audltorln Fespectof..
Audltof subsldlarya(counts
16JS0
15,150
12. STAFF COSTS
Gmup
2023
Ch•Ylty
202J
Cho
20
2022
Wages and salarles
3.999.574
1448.728
IMI.541
88(1,897
Soclal securlty Costs
437.502
397,304
151,939
124678
Penslon costs
261640
25Z913
81,403
83,159
4.099,722
4.IH945
1,294WJ
1,090,734
Annual Report&AttountsFortheyear ended 31 December2023

12. STAFF COSTS (CONTINUED)
The average numberof personsemployed bytheChari¢ydyring the year was as fDIw
Grow)
2023
Charily
2021
Chthty
2022
2022
Employees Oncludlng casual and part-tlme staff)
120
41
36
Included In the average number Dfernployees are 812022: 81 employees vknowerenotemployed on a full tlme baslsthioughout the remlng
The numberofemployee5 whosternployee benefits lext11￿￿ny employer penslon c05ts1 e￿eeded £60￿0Ow4s-
GroUP
2023
Group
2022
In the band £60,001-£70,orxJ
In the band £70,1)01 .£80,orKI
Inthe band £100,001- £110,¢)00
Inthe band £110,001- £120,QOO
The key management per50nnelotthe Charftoble Cornpany ctsmprlseof ihechlef Executlve Officerand theGwoupCommertlal Dlrector.The
t4)tal *mployee benefits Ilndudlng pen51on (onlrfbutlons and emP￿yerS natlonal Insurance) amtyjnted to £215.35512022.. £183A66k
The key mana9ement personnèl of thè Gmp comprlse ofthos• 1$t￿on p•9• 2.Th•totsl employee Ixnefits of thos* Ilsted on page 16
amount•d to £657,94212021' £562,726).
13.TRUSTEES'REMUNERATION AND EXPENSES
Durfng th•￿ar+nd￿31 December2023,expenses totallln9 £20I15 were r¢lmbursed or pald dlrertlyto14Trustee$ (2022- £16,511 to l 1
Trusteesl,Theseexpense5 relateth• paymentor rèlmbursement oltrav•l and sul>slst•nce In relatlon toartendancé ètme•tSng$ of theTtustees, at
meetlngs ofTru5tees of 5ub51dkry<ompanles Jnd other ma￿ge￿nt artI￿les.
Ho15tdn UKttustee5 do notTecelveiemuneratlon lorthelrtSme.
14. INTANGIBLE ASSETS
webs￿•/
application
devtiopmént.
costs £
Cort
At l January 2023
1,080,117
Addttlons
26,00
At 310ecember 2023
1,106.827
Amortliatlon
At 1 JaTruaTy 2023
1.011.919
Chargefortheye•r
SI￿79
At 31 Decembei 2023
1,006,79•
N•tb•okvalu•
At 31 Derember2023
40J129
At31 December2022
AAnual R•port&AcMuntsForthe year ended 31 DecembEI2023

15. TANGIBLE FIXED ASSETS
Fr¢*hold
p￿DI•￿d Prornotlonal
m•chln•ry
equlpment
C•rt or Vi￿11¢
At l JèThuory 2023
10,534091
4,613.507
16,783
15,16BJ81
Addltlons
107,003
472.701
579.704
tlsptssals
144,00¥
144,0021
Revaluatkins
I565,0￿)
I565,0￿)
At 31 December 2023
10,080,094
S￿2,206
16,783
IS,139￿83
D•pr•thtlo
At l January 2Q23
30,494
2.749A53
9,125
1789lJ72
Ch•rg•forth• y••i
257,529
257529
on dlsposals
140.3361
40.3361
At 31 ￿¢emb+r 2023
30A94
1966.646
9,125
3,006265
N•tbookv•lu•
At 31 D•c•mb•r 2023
10,1149,600
2,075,560
At31 December2022
10,507,597
1,864,054
7,658
IZ379.309
Iv
Fr••hold
pr4p•ity
Cornput•r
•qulprn•nt
Promotloml
•qulpm•nt
qqulprnqnt
Totsl
C•st •rv•lu•tl
At l January 2023
1￿538,097
5B7.298
146.063
la783 11,288235
Addltlons
107,003
57,038
29.646
193,687
Revaluitlons
I565,1￿0)
1$fj5,O￿l
A¢ 31 Decernber 2Q23
lo.080￿94
644,336
175,709
1&783 10.9?&922
Oepr•cl•llo
At l January 2023
30,494
437,282
134,687
9,125
611588
Charg*fortht yeir
21,208
10,857
31125
At 31 Decernber 2023
30A94
458,550
145,544
9,125
643.713
N•tbookv•lu•
At 31 Decernber 2023
10.fA9.000
1￿.786
30.115
7.65• 10a7¥￿9
At31 December2022
10507.597
150,016
17,376
7.658 10,676647
Th• Group•nd ChBvSty
Thtfreehold land and buildlngs at Scotsbrfdge HouseandSparHouseKYe revaluedat£7,0(x)JXX)ar￿ £725.OOOre5pedvety.The ScotsbrSdg*Hous•
valuahcn lsbased onTrustees'valuation, InfoTmed bynegollatlon5 InTelat1ontoltspl￿ned 5ale.Spelr Hou5evaluatlon was undertakenbyAndrew
Dlxonandcompanyichartered Surveyor5, In August2022.The hIstc￿C*r￿rt0f the prOwfjes￿r•£a52,948and £762,386 reSF*rtfv*￿.Addl1l)n5
madeafterihetwaluatlon hbvÈ beèn Included at(ostTheTru5teeJ haveagreod105ellScotsbrldge House and asèlels anticipated in2024.
Charlty
Thecharfty has a le9al charge in plaeewith Ba¥clay5 Bank PLC, secured again￿ the land and bullding5 held at Scotsbrld9e House, RlckmaTh5WOrt
Hertford5hi
R•port& Atcounts Fortheyearended 31 DecembeT2023

16. INVESTMENT PROPERTY
Freeholj
Investment
pioperty
At l January2023
2325mO
Revaluatlon
1125,0001
At31 December2023
&325,000
Freehold
Invellmerbt
pioperty
Itlon
At l January 2023
2,325,OOD
Rwaluatlon
1125,¢4)01
At 31 December 2023
IJ25.OIM>
Th• Group￿dchIyIty
The Invesimentpmpertles resldlng at the Scotsblldgè House ilttwere rtvaluedat f 2.325JJOO based upon valuatlon5 produced byGlbbs
GI1￿$Ple£stale A9ents. Surveyors andvaluers on 10 January 2019 and updated at l M4rch 2023.The revlluatlon In theyearls bèsed onTruste
valuatlon whlch h4$1)een Informed by n•gOtl•tk*ns In r•l•tlon to i planned sa￿.The hl$torfcal tOStofthe pr¢pertl•s was £411,295
12022.. £411,295).
17. FIXED ASSET INVESTMENTS
L15ted
Inv•stmenls
Colt or v4luat
At l January 2023
1,641152
AddltlgTrs
264,062
Dlsposals
(277,8431
Revalualh)n5
70,072
At 31 D•c•mb•r2023
1,751443
Net b0okv•￿e
Al Jl D•c•mb•r202J
1,754443
At31 December2022
1.641152
Anthu*lR•port &Accounts Fortheyear ended 31 December2023

17. FIXED ASSET INVESTMENTS ICONTINUED)
InvestmerrtS
In subslthary
compaTrles
Ltsted
Investments
Totsl
C0rtorvah￿1O
At 1 January 2023
1.041152 2A0ffj137
Addhlons
2fj&062 264062
Disposals
I7￿43) 1117.0431
Rev4luatlons
7W2
7W2
Aljl D•¢•mb•r2O23
705,985
1.754443 152V28
N•t book¥ilu•
At31 D•wThb•r2023
705.985
1.7¥443 2.524A28
At31 Detember2022
765,985
1,642,152
Z404137
18. ANALYSIS OF LISTED INVESTMENTS
202J
2033
Cwrate bonds-fixed Interest
249.S48
121,777
Equltles- Ilst•d UK
424231
420265
Equltlès- Ilsted Internatlonal
700339
672,346
Propertyand alt•matlves
J84HOS
427,764
1,7S8H43
1,642,152
19. STOCKS
Gmup
2023
Group
2022
LaboratOryCOll5um4ble5
251806
107,382
20. DEBTORS
fjmup
202J
CharSty
2023
2021
2022
Due wlthln oneyear
Trnde de￿or$
1A15.444
1.54Q425
007.336
007.749
Amounts owed byGroup undertakln9S
649216
?J27.843
Otherdebtors
14915
14,955
11.301
Prepaymentsandacoued Incorne
212,578
197.758
1SOAI15
IM873
1,642.937
1,753,138
IA17￿6•
2285,1
Annual A•port&Accounts ForthE yearended 31 Deomber2023

21. CREDITORS: AMOUNTS FALLING DUEWITHIN ONEYEAR
r*oup
2023
Group
2022
ChaTrlty
2021
Ch•rfty
2022
Trddè credltors
753A23
781493
261.065
281,607
Amounts owed toGr9￿ undertaklngs
75fj623
Othertaxatlonand soclal seCu￿ty
3W781
341978
69.514
49,809
Othercredltor5
70531
30•5
21,417
Accruals and deferre(l income
109,747
56,106
71807
1.501506
7,307.749
417,170
1.181251
Group
202J
Cha￿lY
2023
Ch4rfty
2023
2022
Deferred Income at l JaThuary2023
1319
8357
2.319
8.357
Resources deferred dulln9 theyear
1149J
1319
12.493
1319
Amwnts rd•as•d from pmlous ptrltds
12Ji•
(4357)
12,3191
18,3571
11495
1319
12A9J
2J19
CHARITY
Thècharlty ha5 èlegal charge In place wlth 8arclays BankPLC, secured agalnst ¢he l)nd and bulWln99 held at Scotsbrldg• Hous•,
Rlckman5WOrth, Hertfwd5hlre.
22. STATEMENT OF FUNDS
B•hn£• •t 31
D•c•mb•r
302>
B•lanc•411
January2023
G•ln
ILosi•sl
Intom•
Exp•ndliyM
UnM•tslrt•d fun
FM• R•Mrv••
5.395MS
3.111.175
5,194314
Nan<h•rltabl•Subildlarhi
8,977.970
1&558,5101
5.205.174
R•V•￿all￿n ruer
7,$98JlO
1690,0001
4900.J40
17.839W9
11089.14S
111.958.87SI
1601.5611
17,308.54B
Bahnce •t31
D•cemb•r
2022
Baknc••t I
J•Thuary 2022
Incom• Exp•ndltur•
IL•sswl
Uhresttht•dfvnds
SA25.017
3XI13A26
(3.10￿89￿)
145,312
5.395.065
Nortrch•rlt•bleSubsldl•rl•s
3.74J.71
8.94U32
(7.797.755)
1413791
4846M14
R•￿I￿tIon wq8•Th•
7.5A360
7.598J60
16.767,093
11.956h58
110.986h451
14lJ791
145.312
17039039
Annu41 R•pOrt&A¢￿￿￿ts Fortheyearended 31 December2023

23. ANALYSIS OF NET ASSETS BETWEEN FUNDS
pl
Unrestrltt*d
ds
Total
lunda
2023
Tlnglblethd assets
12.131818
1113UI8
Intanglble fixed a55e15
F(xed bssetlnvéstmérts
1.75W3
1.75W3
Investment property
I200￿00
I200￿0
Curréntas5ets
2,539,764
1539,704
Cre(tstQTS duewlthln one year
11,302,$061
11.3015061
Tot•1
I7,3￿548
Totol
fvnd5
2022
IQ32
Tons7lblefixedassets
12,379,30
IZ379,309
Intan9lblefixedoJseri
F(xedoSsetln￿$fft￿nrs
1,643,152
1.642,152
InKstmenfpmperty
2,325,OC
Z325,GQO
Cutwntossets
2.73Z219
Z732,219
Crtdltorsduewlrhln oneyear
(1,307.749)
fl,307,745•1
rotal
17AJ9.8Jg
17,83W9
24. RECONCILIATION OF NET MOVEMENT IN FUNDSTO NET CASH
FLOW FROM OPERATING ACTIVITIES
Group
2023
Grnup
2Q22
Netlncomeforthe perf￿[•5 perStat*ment of Ananclal Activttlesl
21B.70
747,746
AdJu51m•ntsfw.
Dep1￿￿3110n charges
257.529
161363
Amor￿SaIlon ch4rye5
54.879
89,769
Revaluatlon on Investments
(70,0721
183,332
Dlvldend¥ Intorestsand rents from ￿n￿stments
1I40.I341
(135393)
Dec￿&Sel Uncrea5el lTrsto¢ks
114S.4041
29.393
Decrease In debtors
110201
743.740
De(￿ASe In credltors
15,2431
11.04Q087)
Profit onsale of fved a55ets
11.3341
(IZ7501
Netcash provided byoperatlng actsvtt￿s
179.051
767,513
AMu41 R•port&At¢OUhtsFor the year ended 31 December2023

25. ANALYSIS OF CASH AND CASH EQUIVALENTS
Group
2022
2023
Ca$h In hand
643.961
571A99
Totslca5h and cashequfvalent5
64J.961
877099
26. ANALYSIS OF CHANGES IN NET DEBT
At l Jinuary
202J
At31
CashflowsD•r•mb•r2023
Cash at bankand In hand
871h99
1227,7381
043.961
•71,699
27,7J81
27. CAPITAL COMMITMENTS
¢￿￿P
2023
Gr￿P
2022
Charlty
2oiJ
Ch•rMy
2022
Acqulsltlon of tanglbleassets
413
19,280
28. PENSION COMMITMENTS
TheGroupoperates anoccupatlonal pen51on scheme provldlng money puKhase benefits on •defi￿d c?Thtrlbutlon basls. Employeeswhololned
the money purchase penslon schemecontrèctdl￿Cl￿Wlth the pensi¢)n company, N¢)w Pènslons Ltd.Contributlons bythe groupand employees
arè delém￿nèd bythèschèmè rules.ThtGr¢up a<ts as an agent In coll¢ctln9and Pl￿n9 overemployee pen$lon Contrf￿tlons.OTrC•th•
COnt￿but10ns have been paldtheGrouN asemploytt, nofvrtherobllgatloThk
AUTOMATIC ENROLMENT
From l Aprll 2015,theCharltyand sub51dlary,separatetyentered Intoa partlclpatlon agreementw6th NOW.. Penslon5 Ltd whlch uttlmatsly8llows
the employees oftheChailtyaMI sub51dlaryto become Memb￿$ of NOW.. PenslonsTN5t (Plan), whlch15a reglstsred occupatlonal penslon
Scheme governed bytheTTh￿ Deed and Rulesdated 29 November2011 bywhlch the Plan was è5tabllshed. NOW. Penslons Ltd Is£urrentlyth•
Trust Managerand theTrust••of th• Pl•n IscuYr*ntty NOW. P•nslonTwst••Ltd.
PLin Summary..
-15an Kcupatlonal pen51on schemetstabllshed In the Unltéd Klngdom.,
.1$ rtglst•rndw(th HM R•v•nueand Cu5tomsunderthé FlnanceAct 2004.and
-altOW5foremployeesto be enrolled Into theplan autornaticalty,wlthout thern needlng to expre55 anYd￿l￿Or provlde anylnft*rnMtlon on any
matter.
Accordlngty. th* Plan kcapabk of acttng as an automatlc enrolmentschÈmeforthe purposesoftheAutomatlc Enrolment Law&Howèv*r. in
ordertoart as an automatlc enrotrnentschemq ttvAII a150 need tosatisfycertaln contributb)n requlremontkThe¢harityand subsIdiary￿ll both
be re5pon5iblefor en5urin9 thatth05e regulrements aresattsfied, andforgfvlng •ny certlficattwhlch isr*qulRd underthe Aut(¥motlc Enrolment
Laws forthatpurp05e.
Annwal R•port&Accounts Fortheyearended 31 December2023

29. OPERATING LEASE COMMITMENTS
Ai 31 Dei•nber 2023 the Group and thècharlty hod commitments tomakefirtwe mtnimurn lease payments under non-carKellableopernbng
leasesas follows..
Gr￿P
202J
Charlty
1023
2032
2023
Not latprthan l year
707,820
20.633
4519
Laterthan l yearand notlaterthan 5yeats
197.61J
111729
28,921
Jswl
12Q555
49.554
1&371
30, RELATED PARTYTRANSACTIONS
Durfng the year,the followlng tran5affllon$tookplace beNeen the Charftyand 1tswholtycontroll￿ subsldi4rles,TheCattlo Infoimatlon str￿ct
Llmlted ICISI,TheCentrefor Dalry Infomatlon Llmlted ICDI) and Nallonal Bovlne DataCentreLlmlted INBt)a'.
theCharlty15 partyto a Group reg15tratlon forVATpurposes. A5 the representstlvemember, the chaT￿Y15101ntlY and sévèrally Ilablefoi anyVAT
Ilabllltles ofthe sub51dlarycompanles that are partofihe sameVAT reglstratS0n.'
thepwvlslon of property under lease ègre•mènt ienewablé annually bytheCharftytoCIS amounttd to £410W12022: £36.0001,'
thè piovlslon of staff bythe Chjittyto Clsand NBDC arnounted to £341.62012022.' £260,329> and £52.81612022.. £28,625) re5peitlvelyi
the provlslon of admlnlstratlve costs by th• Charltyto CIS and NBDCamounted to £55.04112022.. f49,5531 and £9,39012022.. £&9951
spectlvely..
thttfansl*rof glft ald of the tradlng profits of C15 tothe Charftyof £NII12022.. £1,066fi821,'
th•outrt•ndlng batsnctt is at 31 D•c•mb•i 2023,from th*C￿tothe Charltywas £61th)I (2022: £270,289), and from NBDC and CDltothe
Charltywas £587,21512022.. £476,08l1 and £NII12022.. £24I411 re$pectlvely¢
theout5tsndlng balancefrom N3DC1s iecured over the re$pert￿Com￿n￿$ •ss•ts, •nd Is repl￿bleon demand.
the pwvlslon of laborniorytestlng servlces byC1510 thÈCharltyl$ recéfvÈd onthé samé tèmis a5 theyare rrfelved by other beneficlartes ofth•
Charity.
u•1 R•port &Attouhts Fortheyeirended 31 December2023

31. PRINCIPAL SUBSIDIARIES
The lolb)wing were subsldlary undertaklngs of thé Charity..
i•d4
or prificlpll
<onsol
Th• (attl•
lthfomi•tltyn
Ser¥1￿ LTD
5C14H62
9 Queen5 Roa
Aberdee
AB15 4YL
Support attlvltles
for animal
prtyjuction and
data proce551n
h05ting and
related actlvltles
Ordlnary A
& 0￿1￿4¥Y B
100%
Yes
Th• C•ntr•
ft4r D41ry
Inton￿•￿•Th LTD
05409255
Scope Haust,
Hortonwood 33,
Tehrd, ShTopshlre,
TF17EX
Support actlvltles
for anlmal
productlon
curientty
dormant
Llmlted by
100%
Yes
guarantee and no
share capltal.
N•tlon•l Bovln•
Dat• C•ntr• LTD
10052419
Scope House.
Hortonwood 33,
Telford Shropshlre,
TFI 7EX
Support acilvltles Ordlnllry
for anlmal
productlon.
100%
Ye5
Thé IlnantL41 résults of the 5ub51dlarle5 forthe ye•rwew.
Profit Ihssll
lurplu￿ Id•fl£ltl
rih•yHr
In¢om•
(IIAbllltt•Jl
The Catde Inforrna￿on Servlce LTD
7,513A26
17,065A261
448,0
1600A87
Natlonal Bovlne Oata Centre LTD
1.404,544
11.493.084)
128,5401
1486,6851
knnual R•port& AC￿￿￿t$ Fortheyearended 31 December J)23

holstein UK
holstP. ill Lk, l)i-iti4h fi'iebi<lll
T: 01923 69520a I W-. www.holstein-uk.org l E-. info@liolslein-uk.org
Holstein UK, Scope House, Hortonwood 33, Telford, Shropshire TFI 7EX
Company Registered No: 3674328 (England and Wale51 I Charity No.. 1072998