COMPANY REGISTrATION NUMBER: 01743500
CHARITY REGisfRATION NUMBER: 1108263
THE BRITISH BLUE CAThLE SOCIETY
COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Davld Allen
Chartered Accountsnts
Dalmar House
Barras Lane Estste
Dalston
Catllsle
CA5 7NY

THE BRrrIsH BLUE CAThLE SOCIETY
COMPANY LIMrrED BY GUARANTEE
coNrENTS
Trustees, report (Incorporatlng the directors, report)
Ito6
Independent examiner's report
Statement of financial aC￿vItIeS
8t09
Balance sheet
iotoii
Notes to the finanaal statements
12to28

THE 8RrrIsH BLUE CA￿LE SOCIErY
COMPANY LIMrrED BY GUARANTEE
TRUSTEES. REPORT (INCORPORATING THE DIREcfoRS' REPORT)
The trustees, who are dlrectors for the purposes of company law, present the annual report together
wlth the finanaal statements and Independent examlner's report of the charitable company for the
year ended 31 De￿rnber 2024. The annual report seNes the purpose of both trustees, report and a
dlrectors, report under company law.
OBJEcfIvES AND ACTIVITIES
The objective of the charlty Is the promotlon of agriculture, for publlc benefit, by the encouragement,
promotlon and Improvement of the breedlng of the BrStlsh Blue breed of Ilvestod( and the
rna1ntenan￿ of the purlty of the breed. The trustees have considered the gUIdan￿ produced by the
Charity CommSssion on the provlsion of the publlc beneflt and they confirm that publlc benefit has
been provlded ty carrylng out this objectlve.
The charlty operated throughout the UK and also worklwlde vthere necessary and approprfate to Its
objectlves.
The trustees confirm that they have cornplled wlth the requlrements of sectlon 17 of the Charltles Act
2011 to have due regard to the publlc benefit gUIdan￿ publlshed by the Charlty Commlsslon for
EnglarKI and Wales.
ACHIEVEMENTS AND PERFORMANCE
Durlng the year the charity was Involved In the followlng actlvltles:
Handllng of pedlgree reglstratlons In the year, safeguardlng the Integrlty of the Herd book at all
tlmes, Issulng transfer ￿rtIficateS, facllltstlng DNA parentage analysls and dlscusslng varlous querles
from members.
Promoting the beef Industry, through the soclety, at natlonal summer agriojltural shows and wlnter
events whlch have been very successful. Provldlng Rosettes and awards for these show.
ProducSng the annual Herd book and a breed promotlonal publlcatlon for the clrculatlon to charlty
members and other interested organ5sations.
Supportlng the quallty of pedlgree anlmals reglstered on the Herd book.
Provldlng 'onllne' bull semen marketlng opportunities in whlch semen was sold both at home and
overseas.
Admlnistering a cattle Inspectlon seri1￿, at sales held under the ausplces of the charity wlth the
objectlve of ralslng beef cattle quality standards in the beef industry.
Continuing to monitor compulsory minimum cattle health standards at sales held under the charity s
auspices, with a view to raising general health stsndards within the natlonal teef herd.
Representing the society on the Breedplan UK userfs group.

THE BRITISH BLUE CA￿LE SOCIETY
COMPANY LIMrrED BY GUARANTEE
TRUSTEES, REPORT (INCORPORATIIIG THE DIREcfoRS' REPORT) (CONTXNUED)
FINANCIAL REVIEW
The Ststement of Flnancial Activities on page 8 shows a net deficlt of £5,908 {2023: £4,974). The
total income for the year amounted to £146,745 (2023: £165,178). The main income stream for the
tharity being reglstrations, followed by membership income.
The total expendlture for the year amounted to £165,313 (2023: £179,416). The main expenditure
Incurred by the charlty was for breed promotion and Offi￿ and administrative overheads. Total funds
carried forward at 31 December 2024 amounted to £315,503 (2023: £321,411). Of these total funds,
£2,431 were restricted funds. The results for the year and the charlty's financlal posltlon at the end of
the year are shown in the attached flnancial statements.
The trustees have revlewed the charlty's needs for reserves In Ilne wlth the guidance Issued by the
Charity Commis510n.
Over a perlod of years the trustees have followed a pollry to establlsh financlal reseDies that would
be sufficient to cover foreseeable contingencies. The trustees alm to be able to retain sufficient
reserves necessary to meet Ilabilities and expenses for a perlod of one and a half years, should any of
the funding sources become unreliable or be delayed due to an extended period of economlc
downtum in the agrlcultural industry.
InveStmt￿Iky andobjedlves
Flnanaal Investment p)wers and management Ile with the charity treasurer, wlth all final decisions
belng ratified by a majority decislon of the charity's trustees.
Prlndpalrfsks ￿ndUn￿rtaIn￿es
The board of trustees has conducted a revlew of the major risks to whlch the charlty is exposed
through internal and external processes. Where appropriate, system5 or procedures have been
established to mltigate the rlsks the charity faces. The signlficant extemal risks being managing
inter-beef breed competition and upholding the reputation and ststus of the British Blue breed.
Intemal control risks are minimised by the implementation of procedures for authorisation of all
transactions. Procedures are in Pla￿ to ensure compliance with health and safety of staff and visitors
to the premises and programmes. These procedures are periodlcally reviewed to ensure that they
conb'nue to meet the needs of the charlty.
The key priorfty regardlng financial rlsks being, firstly, the secure investment of the charlvs finanaal
assets and secondly, achieving the highest retum without incurring any financial risk.

THE BRrnSH BLUE CArrLE SOCIErY
COMPANY UMrrED BY GUARANTEE
TRusfEES' REPORT (INCORPORATING THE DIRECTORS, REPORT) (CONTINUED)
srRucfuRE, GOVERNANCE AND MANAGEMENT
Naturn ofgovemlnq doCUm￿t
The British Blue Cattle Society is a charltsble company Ilmlted by guarantee, Incorporated on 29 July
1983 arKI registered as a charty on 23 February 2005. The charitable company Is governed under its
Memorandum and Ar￿cleS of Assoclatlon dated 29 ju￿ 1983 as amended by special resolutions dated
9 May 1997, 12 May 1998 and 20 January 2005.
Any person can be admltted as a trustee of the tharltsble company provldlng all other trustees gfve
thelr approval.
The charltsble company Is made up of 13 elected dlrectors, each setvlng a perlod of office for four
years. Each year three natlonal seats come up for re-electlon, wlth four reglonal members belng
elected On￿ In four years.
Trustees are Inducted through a process of best pract1￿. They have the opportunlty to meet, study
and understsnd the vlslon, mlsslon and walues of the organlsatlon and darlfy thelr roles and
responsibilltles. The trustees are selected for thelr contrlbutlon, skllls and expertlse that they can
brlng to manage the organlsatlon.
The board of trustees admlnlsters the charlty and they meet f￿r tlmes durlng the year to dlscuss and
formulate the charlty s management pollcy. At the first trustees, meetlng, followlng the AGM In Mayi
the board of trustees appolnts the company Offi￿r$ for the forthcomlng year. A company secretsry Is
engaged by the t)oard of trustees to Implement agreed management pollcy and to be responslble for
the day to day management of the tharity.
The company officers durlng the year were as follows:
Mr J G Brlndley
Mr S T Hough
Mr A J Wllklnson
Mr J Barber
Mr A Ryder
Chalrnian:
Vlce Chalrman:
Treasurer:
Vlce Treasurer:
Secretary:

THE BRrrIsH BLUE CAThLE SOCIETY
COMPANY LIMrrED BY GUARANTEE
TRUSTEES. REPORT (INCORPORATING THE DIREcfoRS' REPORT) (CONTINUED)
REFERENCE AND ADMINIsfRATiVE DETAILS
Trustees
Mr J G Brlndley
Mr S T Hough
Mr A S Haste
Mrs H M Paterson
Mr R S Pattinson
Mr A J Neachell
Mr J Barber
Mr J O'Kell
Mr A J Wilkinson
Mrj RHall
Mrs A V Morrlson (reslgned 10 March 2025)
MrAPri
Mrs L Morgan
Mr Ollver Mccann (appolnted 26 September
2024)
Company Secretary
Charlty Reglstratlon Number
Company Reglstratlon Number
MrA Ryder
1108263
01743500
The charity is incorporated In England and
Wales.
Reglstered Offl¢e
Holme House
The Dale
Ainstable
Carlisle
CA4 9RH
Independent Examiner
Alison Welton FCA
David Allen
Chartered Accountants
Dalmar House
Barras Lane Estate
Da15ton
Carlisle
CA5 7NY

THE BRrnSH BLUE CATfLE SOCIETY
COMPANY LXMrrED BY GUARANTEE
TRusfEES' REPORT (INCORPORATING THE DIREcfoRS' REPORT) (CONTINUED)
Bankers
Barclays Bank pk
32 Clarendon Road
Watford
Hertfordshire
WD17 IGT
FINANCIAL INsfRUMENTS
The charlty's activifjes exrx)5e it to a number of finandal rlsks indudiw credit risk, cash flow risk and
liquidlty rlsL The use of financial derivatlve5 Is governed by the charlvs pollcles approved by the
board of trustees, whlch provlde written prlnciples on the use of financial derivatives to manage these
rlsks. The charity does not use derivatlve financlal instruments for speculatlve purpose&
Crndlt rfsk
The charlty s prlncipal flnancial assets are bank balan￿S and cash, trade and other recdvable5.
The charlty's credlt risk Is primarily attributable to its trade receivables. The amounts presented In the
balance sheet are net of allowances for doubthjl receivable5. An allowance for impalrment Is made
where there is an Idenb'fied loss event whlch, based on previous experience, is eviden￿ of
reduttlon In the recoverabllity of the cash flows.
The credit rlsk on Ilquld funds and derlvative financlal Instruments is limited because the
counterpartles are banks with high credlt-ratin9s assigned by international credit-rating agende&
The charity has no slgnificant concentratlon of credlt risk, with exposure spread over a large number
of counterpartles and cu5tomer5.
srATEMENT OF TRUSTEES, RESPONSIBILrrIES
The trustees (who are also the dSrectors of The Brltish Blue Cattle Soclety for the purposes of
company law) are responsible for preparing the trustees, retY)rt and the finanaal statements In
accordan￿ with applicable law and United Klngdom Accounting Standards (United Kingdom Generally
Accepted Accountsng practi￿), Including FRS 102 "The Flnanclal Reportlng standard applicable in the
UK and Republlc of Ireland
Company law requires the trustees to prepare finanoal statements for each financial year. Under
company law the trustees must not approve the finanaal statements unless they are satisfied that
they give a true and fair view of the stste of affairs of the charitable company and of the incoming
reSoUr￿S and application of resources, Including Its income and expenditure, of the charitable
company for that perlod. In preparing these financial statements, the trustees are required to..
select suitable accounting polloes and apply them consistentlyi
observe the methods and prlnciples in the Charitles SORP;
make jtjdgements and estimates that are reasonable arKI prudent;
state whether applicable accounb'ng Standards, comprising FRS 102 have been followed, subject to
any material departures di5dosed and explained in the financial statements; and

THE BRITISH BLUE CAThLE SOCIErY
COMPANY LIMrrED BY GUARANTEE
TRUSTEES, REPORT (INCORPORATING THE OIREcfoRS' REPORT) (CONTINUED)
prepare the financial statements on the going con￿rn ba%s unless it Is Inapproprlate to presume
that the charitsble company will contlnue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraLxl and other Irregularities.
The annual report was approved by the trustees of the tharity on 9 May 2025 and signed on its
behalf by..
ilkinson
Trustee

THE BRrrIsH BLUE CATfLE SOCIErY
COMPANY LIMrrED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRITISH BLUE CATfLE
SOCIETY (ThE COMPANY")
I report to the charlty trustees on my examlnation of the accounts of the company for the year ended
31 December 2024, whlch are set out on pages 8 to 28.
Rqsponslbllltles and basls of report
As the charlty s trustees of the company (and also Its dlrectors for the purposes of company law) you
a￿ responslble for the preparati￿ of the accounts In accordan￿ wlth the requlrements of the
C(xnpanies Act 2006 Cthe 2006 Act?.
Havlng satlsfied mysdf that the accounts of the company are not requlred to be audlted under Part
16 of the 2006 Act and are ellglble for Independent examlnatlon, I report In respect of my
examinatlon of your charity's accounts as carrled out under settion 145 of the Charltles Act 2011 Cthe
2011 Act?. In carrylng out my examlnatlon I have followed the Directions glven by the Charlty
Commlsslon under sectlon 145(5)(b) of the 2011 Act.
Independent examlner's statement
I have completed rny examlnatlon. I confirm that no matters have come to my attentlon In connectlon
with the examlnatlon givlng me cause to belleve:
l. accountlng records were not kept In respect of the company as requlred by sectlon 386 of the
2006 Act; or
2. the accounts do not accord wlth those records; or
3. the accounts do not comply wlth the accounting requirements of sectlon 396 of the 2006 Act
other than any requlrement that the accounts glve a 'true and fair view, whlch Is not a matter
consldered as part of an Independent examlnation. or
4. tr￿ accounts have not been prepared In accordance wlth the methods and prlnclples of the
Statement of Recommended pract1￿ for accountlng and reportlng by charltles [appllcable to
charltles preparlng thelr accounts in accordance wlth the Flnanclal Reportlng Stsndard appllcable
In the UK and Republlc of Ireland (FRS 102)].
I have no cOn￿rn5 and have come across no other matters In connectlon with the examinatlon to
whlch attentlon should be drawn In this report In order to enable a proper understartding of the
accounts to be ￿aChed.
Alison Welton FCA
IndeFendent Examlner
David Allen
Dalmar House
Barras Lane Estate
Dalston
Carlisle CA5 7NY
9 May 2025

THE BRITISH BLUE CAME SOCIETY
COMPANY LIMITED BY GUARANTEE
srATEMENT OF FINANCIAL AcfIvrnES FOR THE YEAR ENDED 31 DECEMBER 2024
(INCLUDIIIG INCOME AND EXPENDITURE ACCOUNT AND sfATEME14T OF TOTAL
RECOGNISED GAINS AND LOSSES)
Total
2024
Totsl
2023
Unrestrfcted Restrlcted
Note
Income from:
Donations and legacles
Other trading activits'es
Investment Income
Other income
36,942
79,960
7,484
2,431
39,373
79,960
7,484
39,951
97,830
7,071
Total income
Expendlture on:
Raising funds
Charitable attlvlties
146 745
165 178
(2,010)
163 303
(2,010)
163 303
(2,966)
176 450
Totsl expenditure
Gains on Investment assets 16
(165,313)
(165,313)
(179,416)
Net (expendlture)lincome
Net movement in funds
Reconclllatlon of funds
(8,339)
2,431
(5,908)
(4,974)
Total fiJrKls brought forward
321411
321411
326 385
Total funds carrled fO￿ard 22
313 072
315 503
321411

THE BRMSH BLUE CAME SOCIETY
COMPANY UMITED BY GUARANTEE
srATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
(INCLUDING INCOME AND EXPENDMIRE ACCOUNT AND STATEMENT OF TOTAL
RECOGNISED GAINS AND LOSSES)
Total
2023
Unrestrlcted
Note
Income from:
Donatlons and legacies
Other tradlng actlvltles
Investment Income
Other Income
39,951
97,830
7,071
39,951
97,830
7,071
Totsl Income
Expendlture on:
Ralsing funds
Charltsble actlvltles
165 178
(2,966)
176 450
(2,966)
Total expendlture
GaSns on Investment assets
(179,416)
(179,416)
16
Net expendlture
Net movement In funds
Reconclllatlon of funds
(4,974)
(4,974)
Total funds brought forward
Totsl funds carried forward
326 385
326 385
22
321411
321411

THE BRrrIsH BLUE CAThLE SOC1ErY
COMPANY LIMrrED BY GUARANTEE
BALANCE SHEET AS AT 31 DECEMBER 2024
2024
2023
Flxed assets
Tangible assets
Investments
15
16
1,545
276 530
2,342
258 875
278,075
261,217
Current assets
stocks
Debtors
Cash at bank and In hand
17
18
638
87,902
938
123,387
95,558
130,179
CredltorJ: Amounts
falllng due wlthln one
vear
19
Net current assets
Net assets
315 503
321411
Funds of the charlty:
Restrlcted
2,431
Unrestrlthd Income
funds
Unre5tr1cted
313 072
321411
Total funds
22
315 503
321411
For the financial year ending 31 December 2024 the charity was entitled to exemption from audit
under section 477 of the Companies Act 2006 relating to small companie5.
Directors, reswnsibilities:
The members have not requlred the charlty to obtsin an audit of its accounts for the year in
question in accordance with section 476. and
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of accounts.
io-

THE BRrnSH BLUE CATfLE SOCIETY
COMPANY LIMfrED BY GUARANTEe
BALANCE SHEET AS AT 31 DECEMBER 2024 (CONTINUED)
The finandal statements on pages 8 to 28 were approved by the trustees, and authorlsed for Issue on
9 May 2025 and signed on their behalf by:
rAJ
Trustee
Reglstratlon number: 01743500
11-

THE BRITISH BLUE CAThLE SOCIErY
COMPANY LIMtfED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 DECEMBER 2024
I CHARrrY STATUS
The liability of the members is limited. Every member of the charity undertakes to contribute to the
assets of the charity, in the event of the same belng wound up while he or she is a member, or within
one year after he or she ￿aSe5 to be a member, for payment of the debts and 5iabilities of the charity
contracted before he or she ￿SeS to be a member, and of the costs, charges and expenses of
winding up, and for the adjustment of the rights of the contributlons among themselves, such amount
as may be required not exceeding one pound.
The charltable company Is a private company limited by guarantee, registered in England and Wales
and a registered charity In England and Wales. The address of the registered Offi￿ is Holme House,
The Dale, ￿"ns￿b1e, Carllsle, CA4 9RH.
These financial statements were authorlsed for issue by the trustees on 9 May 2025.
2 ACCOUNTING POLICIES
Summary of slgnlflcant accounting pollclqs and key accountlng estlmates
The principal accountlng policies applied In the preparation of these financial statements are set out
below. These policies have been consistently applled to all the years presented, unless otherwlse
stated.
Statement of compllance
The financial statements have been prepared In accordan￿ wlth Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charltles preparing thelr accounts in
accordance with the Financlal Reporting Stsndard applicable in the UK and Republlc of Ireland (FRS
102) (effectlve l January 2019) - (Charlties SORP (FRS 102), Companles Act 2006 and the Charltles
Act 2011.
Baslg of preparatlon
The British Blue Cattle Society meets the definition of a public benefit entity under FRS 102. Assets
and liablllties are Initially recognlsed at historical cost or transaction value unless Otherwi￿ stated in
the relevant accounts'ng policy notes.
The financial statements are prepared In sterling, which Is the functional Curren￿ of the entity.
Monetary amounts in these financial statements are rounded to the nearest £.
12-

THE BRrrIsH BLUE CA￿LE SOCIErY
COMPANY LIMrrED BY GUARAIITEE
NOTES TO THE FINANCIAL STATEMEiifs FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
2 ACCOUNTING POLICIES (coKfINUED)
Golng concern
The trustees consider that there are no materlal uncertalntles about the charity's ability to continue as
a going con￿rn nor any slgnbficant areas of un￿rtaInty that affect the carrying value of assets held
by the charity.
Group accounts not prepared
As dlsdosed wlthln Note 16, the company held a 100% holdlThJ In Pedlgree Llvestock Servlces
Llmited. In accordance with FRS 102 Paragraph 9.3 the company is exempt from the requlrement to
prepare consolldated financlal statements.
As at 31 De￿mber 2024 tr￿ company now holds 0% holdlng In Pedlgree Uvestock Servlces Llmlted.
Judgements and key Sourcu of ertlmatlon uncwtalnty
The preparatlon of the financlal statements requlres management to make Judgements, estlmates
and assumptjons that affect the amounts reported. These estlmates and judgements are contlnually
revIev￿d and are based on eXperIen￿ and other fattors, Indudlng expectations of future events that
are believed to be reasonable under the circumstan￿. Actual results may dlffer from these
estlmates.
Income
All Income Is recognlsed once the charlty has entltlement to the Income, It Is probable that the Income
wlll be recelved and the amount of the income recelvable can be measured reliably.
Donatlons are recognlsed when there Is eVIden￿ of entltlement to the gfft, recelpt Is probable and Its
amount can be measured rellably.
Legacy glfts are recognlsed on a case by case basls following the grant of probate when the
admlnlstratorlexecutor for the estate has communlcated In wrlting both the amount and settlement
date.
Income re￿IVed by way of subscrlptlons are Induded In the perlod to which they relate.
other tradlng artlvlues
Income from other trading actlvltles Is recognised when there Is eVIden￿ of entitlement, recelpt Is
probable and Its amount can be measured reliably.
Investment income is recognlsed when re￿1Vable.
13-

THE BRITISH BLUE CArnE SOCIETY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL sfATEMErfrs FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
2 ACCOUNTING POLXCIES (CONTINUED)
Other income is recognlsed when there is evidence of entitlement, receipt is probable and its amount
can be measured reliably.
Expendlture
All expenditure Is recognlsed once there is a legal or constructlve obligation to that expenditure, it Is
probable settlement Is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Dlrect costs
attributable to a single activity are allijcated directly to that activity, Shared costs are apportioned
between the activltles they contrlbute to on a reasonable, Justifiable and cons'stent basis.
Ralslng funds
These are costs Incurred in attracting voluntary income, the management of investments and those
incurred in trading ath'vities that ralse funds.
Charftable artlvltles
Charitable expendlture comprlses those costs incurred by the charity In the delivery of its acbvlties
and seNices for its beneficlaries. It includes both costs that can be allocated directly to such ath'vities
and those costs of an indirect nature necessary to supp)rt them.
Govemance costs
These include the costs attrlbutable to the charity's compllance wlth constitutional and statutory
requlrements, Induding independent examination, strategic management and trustees meeting5 and
reimbursed expenses.
Taxatlon
The charity Is exempt from corporation tsx on its charitsble activitles.
Tangible flxed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation
and subsequent accumulated impaimient105ses.
Depreciatlon and amortlsation
Depreciation Is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows:
Asset class
Depreciation method and rats
Fixtures, Fittings and Equipment
15% reducing balance
Computer Equipment
33 % straight line
14-

THE BRMSH BLUE CA￿LE SOCIETY
COMPANY LIMrrED BY GUARANTEE
NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
2 ACCOUNTING POLICIES (CONTINUED)
Flxed asset Investments
Flxed asset investments are Included at market value at the balance sheet date. Reallsed gains and
losses on investments are calculated as the dlfference between sales proceeds and their market value
at the start of the year, or their subsequent cost, and are charged or credited to the Statement of
Flnanclal Actlvltles In the perlod of disposal.
Unreallsed galns and losses represent the movement In market values durlng the year and are
credlted or charged to the Ststement of Financial Actlvlties based on the market value at the year
end.
stock
Stock is valued at the lower of cost and estlmated selllng price less costs to complete and sell, after
due regard for obsolete and slow moving stocks. Cost includes all costs of purchase, costs of
conversion and other costs incurred In bringing the stock to Its present locatlon and condltlon.
Trade debtors
Trade debtors are amounts due from customers for merchandlse sold or services performed in the
ordinary course of buslness. Trade debtors are recognlsed initially at the transactlon pri￿. They are
subsequently measured at amortised cost uslng the effective interest method, less provision for
Impairment, A provislon for the Impairment of trade debtors Is established when there Is objectlve
evidence that the charlty wlll not be able to collect all amounts due according to the orlglnal terms of
the r￿1VableS. Other debtors are measured at their recoverable amounts. Prepayments are
calculated as amounts paid during the financial year, but whlch relate to a future financial perlod.
Accrued income Is recognlsed when the entity is entitled to the income In the financlal year, but the
receipt does not occur untll a future financial year.
Cash and cash equlvalents
Cash at bank and in hand comprises all cash held, In bank current and deposit accounts.
Trade credltors
Trade creditors are obligations to pay for goods or services that have been acquired In the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if the charity
does not have an unconditional right, at the end of the reporting period, to defer settlement of the
creditor for at least twelve months after the reportlng date. If there is an unconditional right to defer
settlement for at least twelve months after the reporting date, they are presented as non-current
liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured
at amortised cost using the effective interest method. Accruals are calculated as amounts relating to
the financial year, but which are paid after the year end. Deferred income includes amounts received
In the financial year for revenue relating to future periods.
15-

THE BRfrIsH BLUE CA￿LE SOCIETY
COMPANY LIMITED BY GUARANTEE
NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
2 ACCOUNTING POLICIES (CONTINUED)
Forelgn exchange
Transattions In foreign currenaes are recorded at the rate of exchange at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies at the balan￿ sheet date are
reported at the rates of exchange prevailing at that date.
Fund structure
Unrestrlcted income funds are general funds that are available for use at the trustees discretlon In
furtherance of the objectlves of the charity.
Restritted income funds are those donated for use In a partlcular area or for speciflc purposes, the
use of whith is restricted to that area or purpose.
Flnanclal Instruments
Financlal assets and financial Ilabilltles are recognised when the tharity becomes a party to the
contractual provisions of the instrument.
Recoonlllon •ndnmwrnn￿nt
All flnancial assets and liablllties are initially measured at transaction price (including transaction
costs), except for those flnanclal assets dassified as at fair value through profit or loss, which are
initially measured at falr value (which is n¢Ymally the transaction price excluding transaction costs),
unless the arrangement constitutes a finandng transaction. If an arrangement conth'tutes a financing
transaction, the financlal asset or financial liabillty Is measured at the present value of the future
payments discounted at a market rate of Interest for a similar debt instrument.
Financlal assets and Ilabilitles are only offset In the Balance Sheet when, and only when there exists a
legally enforceable right to set off the recognised amounts and the charity intends either to settle on
a net basls, or to reallse the asset and settle the Ilability simultaneously.
Financlal assets are derecognised when and only when a) the contraciual rights to the cash flows
from the financlal asset expire or are settled, b) the charity transfers to another party substantially all
of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained
some, but not all, significant risks and rewards of ownership, has transferred control of the asset to
another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged,
cancelled or expires.
16-

THE BRrrIsH BLUE CA￿LE SOCIEIY
COMPANY LIMfrED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
3 INCOME FROM DONATIONS AND LEGACIES
Unrestrlcted
Total
2024
Total
2023
General
Restrlcted
Donatlons and legacleB
Donations
Tax recoverable on glft ald
donatlons
2,431
2,431
4,337
4,337
4,473
SponsorAhlp
Promotlonal and spjnsorshlp
Income
Sub8crlptlon•
4 INCOME FROM OTHER TRADING ACTivrrIES
Unrutrlcted
Total
2024
Totsl
2023
General
Merchandlse sales
Reglstratlons
140
140
160
17-

THE BRITISH BLUE CArrLE SOCIETY
COMPANY LIMrrED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
S INVEsfMENT INCOME
Unrestrlcted
Total
2024
Total
2023
General
Income from dlvidends;
Dividends
Interest re￿1vable and similar Income.
Bank interest receivable
7,429
7,429
7,070
55
55
6 OTHER INCOME
Unrestrlcted
Totsl
2024
Total
2023
General
Late fees 45190 days
Auctlon levy commisslon
Income from seNlces provided
Herd book advertislng
Intemet income
1,630
5,740
1,468
8,940
1,630
5,740
1,468
1,825
4,932
414
10,655
7 EXPENDMIRE ON RAISING FUNDS
A) COSTS OF RAISING FUNDS
Unrestrlcted
funds
General
Total
2024
Total
2023
Investment management fees
18-

THE BRrrisH BLUE CATfLE SOCIErY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
8 EXPENDrnIRE ON CHARITABLE ACTivrrIES
Unr¢$trlcted
General
Total
2024
Totsl
2023
Breed promotlon
Herd tx)ok
Technlcal development costs
Support costs
31,696
10,819
5,914
114 874
31,696
10,819
5,914
114 874
30,790
13,207
5,906
126 547
163 303
9 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS
Support costs allocated to charftable actlvltlqs
Support
Total
2024
Totsl
2023
Breed promotlon
Herd book
AdmSnlstratlon costs
Flnance costs
Governan￿ costs
other support costs
10,861
889
82,923
2,503
10,861
13,274
1,759
88,760
3,523
750
82,923
2,503
114874
114874
19-

THE BRrrIsH BLUE CATfLE SOCIErY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL sfATEMEKfs FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
9 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS (CONTINUED)
GOVERNANCE cosrs
Unrestrlcted
General
Total
2024
Total
2023
Independent examlner fees
Examination of the financial ststements
860
860
750
860
860
750
10 NEf INCOMINGIOUTGOING RESOURCES
Net outgolng resources for the year include:
2024
2023
Loss on disposal of fixed assets held for the charity's own use
Depreciation of fixed assets
Foreign Curren￿ losses
Independent examlnatlon fee
1,063
3,509
186
750
797
860
IITRUSTEES REMUNERATION AND EXPENSES
No trustees, nor any persons connected wlth them, have recelved any remuneration from the charlty
durlng the year.
No trustees have received any relmbursed expenses or any other benefits from the charity durlng the
year.
20-

THE BRrrIsH BLUE CAThLE SOCIETY
COMPANY UMrrED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
125fAFF COSTS
The aggregate payroll costs were as follows:
2024
2023
staff costs durlng the year were:
Wages and salarles
Soclal securlty costs
Penslon costs
27,559
78,715
3,352
The monthly average number of persons (Includlng senlor management / leadershlp team) employed
by the charlty durlng the year was as follows:
2024
2023
No
Admlnlstratlve staff
1 (2023 - 2) of the above employees partlclpated In the Deflned Contrlbutlon Penslon Schemes.
Contrlbutlons to the employee penslon schemes for the year totalled £640 (2023 - £3,015)
No employee recelved emoluments of more than £60,000 durlng the year.
The total employee benefits of the key management personnel of the charity y￿re £NII (2023
£56,783).
13XNDEPENDENT EXAMINER'S REMUNERATION
2024
2023
Examlnation of the financial ststements
750
-21-

THE BRrrIsH BLUE CATfLE SOCXErY
COMPANY LIMrrED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
14TAXATION
The tharity is a registered charity and is therefore exempt from taxati(M.
15TANGIBLE FIXED ASSErs
Flxtures
Flttlngs and
Equipment
Computer
Equiprnent
Total
Cost
At l January 2024
At 31 December 2024
Depreclatlon
At l January 2024
Charge for the year
3,601
266
2,782
531
6,383
797
At 31 December 2024
Net book value
At 31 De￿rnber 2024
34
At 31 December 2023
565
16 FIXED ASSEf INVESTMENTS
2024
2023
Shares in group undertakings and partiapating interests
other investments
loo
258 775
276 530
276 530
258 875
22-

THE BRrnSH BLUE CAME SOCIErY
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
16 FIXED ASSET INVESTMENTS (CONTINUED)
SHARES IN GROUP UNDERTAKINGS AND PARTICIPATING INTERESTS
Subddlary
undertaklngj
Total
At l January 2024
Dlsposals
At 31 December 2024
loo
100
loo
100
Net book value
At 31 December 2024
At 31 December 2023
loo
loo
OTHER INVESTMENTS
Llsted
Unllsted
Investments Investments
Totsl
C05t or Valuatlon
At l January 2024
Revaluation
Additlon5
Dlsposals
252,460
12,617
35,816
6,315
258,775
12,617
77,030
41,214
At 31 December 2024
273 630
276 530
Net ljook value
At 31 December 2024
273 630
276 530
At 31 December 2023
252 460
258 775
Valuations are prepared on the basis of the mlddle market pri￿ at the dose of buslness, or are the
latest available, on the valuation date.
The total unrealised gain for the year is £12,617 (2023: £10,815) and the total realised gains are £43
(2023: realised losses of £1,551), resulting in a net gain on investments of £12,660 (2023: £9,264).
23-

THE BRITISH BLUE CAThLE SOCIErY
COMPANY UMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
16 FIXED ASSET INVESTMENTS (CONTINUED)
DEfAILS OF UNDERTAKINGS
Details of the investments in which the charlty holds 20% or more of the nominal value of any class
of share capltsl are as follows:
Country of
incorporatlon
Proportion of voting
Principal
rl9hts and shares held activity
2024
2023
Undertaklng
Holdlng
SUBSIDIARY UNDERTAKINGS
Pedigree Livestock
servI￿s Llmited
loo%
Livestock
Se￿iceS
England and Wales Ordlnary
17sfocK
2024
2023
Stocks
638
938
18DEBTORS
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
56,172
11,666
74,362
17,453
123 387
-24-

THE BRrrIsH BLUE CA￿LE SOCIErY
COMPANY UMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
19CREDrroRS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR
2024
2023
Trade credltors
VAT liablllty
Accruals and deferred Income
6,850
6,009
17,893
7,940
2024
2023
Deferred Income at l January 2024
Resour￿5 deferred In the perlod
Amounts released from previous perlods
Deferred Income at year end
32,650
32,035
33,325
32,650
Induded wlthln accruals and deferred Income Is deferred Income amountlng to £32,035 (2023:
£32,650). These are membershlp subscrlptions relatlng to the followlng year.
200BUGATIONS UNDER LEASES AND HIRE PURCHASE CONTrACTS
OPERATING LEASE COMMrrMENTS
At 31 De￿mber 2024, the totsl of the companvs future mlnlmum lease payments under
non-cancdlable operatlng leases were as follows:
2024
2023
Within one year
Between one and five years
858
858
25-

THE BRrrIsH BLUE CAME SOCIETY
COMPANY LIMrrED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
20 OBLIGATIONS UNDER LEASES AND HIRE PURCHASE CONTRAcfs (CONTINUED)
The totsl operating lease payments recognlsed as an expense was £858 in the year ended 31
De￿rnber 2024 (2023: £858).
21 DEFINED CONTRIBUTION PLANS
The amount recognised in the Statement of Flnancial Activities as an expense in relation to defined
contribution plans was £640 (2023: £3,015).
At the year end, an amount of £Nil (2023: £1,055) relatlng to defined contrlbutlon plans was accrued
for in the Statement of Financial Activities.
22FUNDS
Balance at
Balance at
other
31
l January Incomlng Resources recognlsed December
2024
resources expended galnsl(loswJ) 2024
Unrestrlrted
General
General
321,411
144,314
(165,313)
12,660
313,072
Restrlcted
Welsh Club
Total funds
321411
146 745
165 313
315 503
Balance at
Balance at
other
31
l January Incomlng Resources recognlsed December
2023
resources expended galnsl(losses) 2023
Unrestrlcted funds
General
General
326 385
165 178
179 416
321411
-26-

THE BRfnsH BLUE CAME SOaErY
COMPANY UMrrED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
23ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS
Totsl funds
at31
De¢¢mber
2024
Unrejtrfcted
funds
General
Restrlcted
funds
Tangible flxed assets
Flxed asset Investments
Current assets
Current liabillties
1,545
276,530
93,127
1,545
276,530
95,558
2,431
Total net assets
313 072
315 503
Totsi fund•
at31
D•c•mbqr
2023
Unrejtrlrtod
fund$
General
Tanglble flxed assets
Flxed asset Investments
Current assets
Current Ilabllltles
2,342
258,875
130,179
2,342
258,875
130,179
Totsl net assets
321411
321411
27-

THE BRrrIsH BLUE CAThLE SOCIETY
COMPANY LIMrrED BY GUARANTEE
NOTESTO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(CONTINUED)
24RELATED PARTY TRANSACTIONS
During the year the tharity made the followlng related party transactions:
Pedigree Llvestock Servlces Limited (Pedigree Livestod( servI￿s Llmlted was a subsidiary of the
company untll l January 2024.)
During 2023 there was £8,794 recharged from Pedigree Llvestock servI￿s Limited to The British Blue
Cattle Society. At the balance sheet date the amount due from Pedigree Livestock Services Limited
was £5,565 (2023 - £16,505).
Mr A Ryder (Secretary)
Mr A Ryder was provlded with a short term loan for offlce Improvements. At the balan￿ sheet date
the amount due from Mr A Ryder was £9,445 (2023 - £9,845).
Mr A Ryder also owed the charlty £756 (2023: £756) at the balance sheet date relating to costs
incurred during the year.
The premlses that the charity operates from are owned ty Mr A Ryder. A commerclal rent of £7,200
(2023: £7,870) is paid for the use of these premises.
As of l January 2024, Mr A Ryder had control of the company Pedigree Livestcrk Services Llmited.
During the year there has been £61,309 recharged from Pedigree Livestock Servlces Limlted to The
British Blue Cattle Society.
-28-