CHARITY COMMISSION Blue Texel Sheep Soclety Reglstration numb•r: 1118056 Annual Report and Financial Statements 31 Decombor 2023 dOdd&co
Blue Texel Sh•op 8o¢lety Contents RefOr•e and AdministratNe Details Tru$loe$' ropty1 Trustees, responsibilllies Indepondent examinerfs report Statement of financSal aclivities Balance sheet Notes lo the finanerdl stslements
Blue Texel Sheep Soclety Reference and Admini8trntive Details Charity n•mg Blue Texel Sheep Soc Charity r•gigtration number 1118056 Prfnclpal offic• Holme HOL Dale Atnslable CARLISLE CA49RH R•gi$t•r•d offie• Holme House Dale Ainslable CARLISLE CA4 9RH Tru$tO0• A Bishop K Coles D A Cormack (Appointed 30 November2023} M J Dames (Appointed 30 Nov¢mber2023) J Gargett l Hartley {Appointed 20 April 2023} C Henderx (Resigned 20 April 2023) M Holrnbe¥g H J•wtt R Mawer (Appointed 20 April 20231 H M¢Curthe IAptx)inted 20 April 20231 S M Renfree IRe$igne(123 May 2023) {Re5igned 23 May 2023) M R Sivill M Stephenson (Appolnled 20 April 2023) D WThompson {Re81gned 30 November 20231 Bank•rn HSBC Middleton Street Llandrinded Wells powys LD15EU Accountsnt Dodd & Co Limited FIFTEEN Ro8ehill Montgomery Way Rosehill Estate CARLISLE CAI 2RW Pag8 1
Blu¢ Toxol Sheep Society Trustees. Roport for the Year Ended 31 Dec•mb•r 2023 The trustee6 pie8enl their rep1 with Ihg finano81 statements of the ch8rity for Ihg yoar ended 31st December 2023. The trustees hav8 adoptèd the provtsions of Accounting and Rèporting by Charities.. Statement of RecorTwnended Pra¢tiee 8pplicable to charbtses preparing their aGcounts in accordance with the Financi Reporting Sl¥ndard applcable In the UK and Republic of Irdand IFRS 1(r21 leff•ctNe 1 January 20191. OWECTIVES AND ACTMTIES Obje¢bv•# and alms The Charity's rJjèctlS and princyal acl'viiies are.. -to benefrt the publK by promoting ts broedSThJ of Blue Texel sheep and -to maintain the purity of the breed and devek)p it. The mÈin aa of tharitable actwty are the maintenance of a flock book of recognised pwfrbred sife and thg annual registration of the pedigrees of the sheep and tts promot• ihe breed wth a view lo encixjraging invofvement from members of the faming ¢ommunty and public alike and to encour8ge young pècple to CA)ntinue to ensure the future of the breed and the erwironmenl in which it thrive5. The prin¢Op81 funding sources for the tharity aTe members, 8ubs¢ription$. ewe and ram registTation fee8, transfer f¢98 and Sa ccmmission. Publlc benefft As trustees of the charity, we have ¢ompikd wfth the duty in Section 1715) of the 2011 Charitio5 Act lo have due regard lo guidance published by the Charity Commisslon. The charity heS and eno)urage8 farmerB lo keep Bluè Texel sheep by assisting with inlomatitsn, malntsng a flock book, prowding marketing sUPPOrt suth as demonstrations, Open days. kafiets. wèbsitè and soaal media. Infomi81ion is disseminaled lo colleges, fairs, sthools, and n8liono1 libraries. The charity meets its ch8rtsble obje¢tivès via tts annual shows and sales. which bèneffts f8rm8rs by maintaining the purity of the breeij. The committ¢e 1$ keen to involve young people in the breed and hold an annual Young Handlers compètilion at the RoyÈl Welsh Show, which has become increasingly well sUPPOrted. A trophy is also awarded to the you person nominated as having most inlluence on the breed in th• Or through shomng, helping other fnefflberB etG. ACHIEVEAIENT AND PERFORMANCE FundrAl8lng actlvlt The Soclety member8hlp currenly stand6 at around 835 members, who ar8 currenlty paying full 8ubs¢xIpti) and regl$terfng sheep. The numbers have increased sub31anlialty over the past few years. The bréèd is ComIng increasingly more popular in new ¥Te?s of the country is attractive to both smaUholder¥, comm•rcial breed due for many fanners wshing for an easy lambing female. The breed ¢onlinu¢$ to b$ 8 main attraction at many of Ihe main 3hryw8 and has seen an inuease in member showing and shows offering dedicated classes. The committee maintsins vigilan¢e of the shvmng of sheep and the prèsentation of the breed for both breed lype and any aclivhties whith they consider detrimental to the breed, rnembers or thè society. Anyone found to be contrary lo the benefit of the mèmbers and or the breed is dealt wlih in and 8dvisory way or through our N8wsletter and anyone continuing to usg unaeptable pracii5e is dealt with by Ihè soci•ty committ88 as they see fft. The annual sales contlnue to attrad a good $el¢dion of sheep for all buyers bul th8r8 is still an issue %yith the breed type 1ft9 CLxnplied with and Mll continueto be monitored. The websile is kept up lo dalè and mèmb8rs received informatic¢n via the website, facebook. newsletters, email and direct mailing throughout in the year keeping them well infornied of what is happening. Page 2
BluoT•xel Sheep Soci•ty Trustees. Report for the Year Ended 31 December 2023 FINANCIAL REVIEW Inve8lment poli¢y •nd oblectlve The tsusleès do nol have an invesknont poliq. All funds are currentty held %wth tho d4rty bank•rs. RoT¥rv•s policy The Trustees policy is to reviw the reseNe leve13 of charity on an annual basls. ThL8 miew will encDmpa$$ Ihe naturè of the income and eypendilure streams, the neèd to malch income wlh commilm8nts and the n81ure of the Charit1$ reserves. The trustees also take into ¢¢nsideration frjture plans of the Charity. the urKert8inty over some elements of fulure Irbcome streams and other kèy risk factors identifieil during the risk review pro¢8SS. Total Corne for thè financkil period 8mounted to £156,410 {2022.. £140.9181 with expèndrture of £128,187 P022'. £156.8721 tesulting in a surplus of £28.223 (2022.. deficit of £15,954.) This resuhs in o net fund balance of £167270 al lh¥ y•ar end. The trustee$ ¢onsider this result lo be 881i$f8Ctory. STRUCTURE. GQVERNANCE AND MANAGEMENT Governlng do¢um•nt The tharity is controlled by its goveming document, a deèd of tru and constitutes an unin¢¢wJTaled chanty. Approved by the Trustee8 on 23 May 2024 and signed on their behalf ty. M Holmberg Trust86 H Jewtt Trustee Page 3
Blue Tgxgl Shoep Socioty Trustoes. Responsibilities in relatlon to the Flnanclal Statements The twstees are responsible for preparing the Trustees, Report and the ffinanclal stst¢mgnts in arLordance with appll¢able law and United Kingdom Aeex)untin9 Standards. The 18w applicable to charitie5 in England and Wale$ rgquires the truste to prèpaT8 financial ststements for èach finanual y8ar which give 8 Irutr $nd fair view of the slate of affairs of the charity and of the incoming re8our¢os and application of resources of the charity for that period. In preparing th•se finanual statements. the trust¢¢5 ar¢ r&quir8d to.. 8elect suitable accounting policies and then 8pply them nSIStentty- obseNe the rnethod3 and yineiples in the Charities SORP- make judgements and 8s1im81es that are reasonable and prudent.. stale whether applicable accounting stand8rds have been followed. subject lo any material departureB d18d¢)sed end explained in the financial 81alem6nts: and prepare the financial statements on the goino ¢oncem basis unless it is inappropriats to presume that the charity will continue in business. The trustee8 are responsible for keepin9 proper accounling reCrdS that disdose th reasonablo a¢¢ura¢y ot any time the financial posrbon of th& charity and enable them lo ensurè that the fin8nc4al statÈmènts comply wth the Charities A¢t 2011. the Charity (Accounts and Reports) Regulations and the provisions of the Iwst deed. They are responsiblo for safeguarding the assets of the tharity ¥nd hence for taking reasonable $l&ps for Ihe prevention and dete(aion of fraud and othw irregulantiès. Page 4
Independent Examlngrfs Report to the Trustees ol Blue Texel Sheep Soclety I port cffi the aUnts of the chadty forthe year ended 31 December 2023, whlth ar9 $91 out on paggF 6 to 14. Your attention is to drawn lo the fact that the Charity has PTep8red the fin8n¢ial ststem8nts in attdanCe With Accounting and Reporting by Charitses pr•paring their accounts in accordan¢ts with th& Fin8ncial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 102) kn preference to 1he Accounfjng and Reportin9 by Charrties.. Slatem?ni of Recommended Pia¢li¢¢ issued on 1 A1 2005 wl¥¢h 1$ referred lo In the exlant gUlatn$ but has sinr bÈÈn wthdrawn. We Ule{stand that this ha3 bgon done in order for the accounts lo provid a true and fair view in accordance wlh the Generally Aceepled Accounting Practice effective lor rtIng periods beginning on or after 1 January 2019. R•sp•ctlv• r•sponslbllltl•g of Inrntsos and examSner The Chartys truslegs are rgsp¢)nsible for the preparalion ofthe a¢Munts. The trustees n$thr Ihal an audii is not requi for this year uThJer seCtn 14412} of the Charities Act 2011 (the 2011 Act) and that an independent examination Is neéded. It Is my resFonsibilityto= ex8mine the acu)unts under sectlon 145 ofthe 2011 Acl.. follow the prOdureS L8id down in the General DirÈdionA gwen by the Charity Ctsmmi8sKJn utvjer sacts.on 14515) {bl of the 2011 Aol- and state whether particular matters have Come to rny attention. Ba81s of Independentexamlneffs report My examination was carried out in accordance with the Gener81 Directions given by the Charity Commission. An examinathon includes a review of the 8ccounling records kept by the ¢harity and a comparison of Ihe accounts Presented wth those records. It also indudes con8ideralion of any unusual items or disdo8ur#$ in the accounts, and seeking explanations from you as trustees con¢erning 8ny 8u¢h m8tter8. The procedures undertakèn do not provide all the evidence that would be required in an $udil and ¢tsnsequenty no opinion is giv•n as to whether the ac16 pre8enl a 'lrue and fair view and the report ib limf(ed lo Ihose fflatters set out in fv 8ts1&ment below. Indgpendont examinorfs 8tatsm¢nl In connection with my examinlOn. no matter has comg to my aitgntion: (1} which gives me re&Sonae cause to believe that in any material re8pect the requiremonts.. to keep coUnting records in accordance wtth section 130 of the Charities Acl 2011,. arKI to Ppare acunt5 %thich accord wth th8 accounting records. comply with th8 accounting requirements of the 2011 Act have Th)1 been met,. or 121 to which, in my opinion, attention Should be dravffl in order lo enable a proper understsnding of th• acunt$ to be reached. FIFTEEN Rostrhill Montgomery Way Rosehill E8tats CARLISLE CA12RW nne mnson FCA (Id & Co Limited charte Accountgnts 23 May 2024 Pagg 5
Blue Texol Sh•op Slety ststemenl of Flnanclal Actlvltles for the Year Ended 31 Decembor 2023 Urntiicted Totsl Funds Total Fun(ts Fund• 2023 2022 Incomo and endowments from: Other trading actwities Investm¥nt income Charitsble activities Total Incm• 4.380 979 151,051 156,410 979 151.051 156,410 130 140,788 140,918 Exp•ndltur• on.. Raising funds Charitable actNf(s Total eyndrture 3.721 124.466 128,187 3,721 124.466 128,187 156,872 156,872 Net movèments in funds 28.223 28,223 115,9541 Re¢¢)nclllailon of funds Totsl funds brought forward Total funds carried forwawd 139,047 167,270 139.047 167.270 155,001 139,047 l income and expenditure in 2022 wa$ #Ibut8b1e to unrestricted fund8. The notes on pages 8 to 14 forrn an int•9ral part of these financial statements. P898 6
Blue T?x81 Sheep Soclety Balance she as at 31 Decemb•r 2023 2023 2022 Curr8nt 888ets Stock$ and work in progress Debtor8 Cosh It bank and In hand 4.170 8,885 182,664 8,201 179.071 196.719 188,213 Credbtor6: Amounts falllng due within onè y•ar 10 P8.449) 149,166) N•t current ass•ts 167,270 139,047 N•t 889ets 167,270 139,047 Th• funds of the ¢harty: Unrn8trfct•d fund Unrestricted incom• funds 187.270 139,047 Totsl charity funds The financial ststements havè b8en prepa in accordancE vth the Finan¢io1 Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}. 167,270 139,047 4)proved by the 808rd on 23 May 2024 and $igned on ils behalf by.. M Holmberg Trustee H Jewtt Trustee The notes on p8ge3 8 10 14 form an integral part of these finanoal stslgments. Page 7
Blue Texel Sh¢w So¢lgty Nolos lo tho Flnanclal Stat•rnents for the Year Ended 31 December 2023 Accounting policie• St•toment ol compllance The accounts (financial stslementsl he been Prepared vnder Ihe histori1 ¢o8t convent*Jn 1th items Tecognised at cost or transaction value unless oiherwise sialed in thè relevant not&lsl to these accourts. The fancal statements havè been prepared in acmrdanra with the $e¢ond edition of the Charities Statement of Recommen(kd Practice issued in October 2019. the Flnan¢ial Reporting Standard appli¢able in the United Kingdom 8nd R•public of Ireland IFRS 102) and the Charrties Act 2011. accounts Ifinawal slalementsl have been prepared to giv8 a Iru8 and fairf view and havè dèparted from the Charities IAccounts and Repcfftsl Regulations 2fx18 only to the extent required to provide o Irue and fair viev/. This departure has inVoed following AGcounting and Reporting by Charitses prepn9 their a¢¢ounts in accordance with the Financi81 Rèporting Standard applicable in the UK and RepUbC of Ireland IFRS 102) rather than the Alxounting and Reporting by Charities'.Stalement of Rewmmendeil Pocti¢g elfeclfvefrom 1 Aprll 21x15 which has sinctr bè8n wthdravm. Basis ol pr•paratlon The charity meets the definition of a publK Lwnefrt enliiy under FRS 102_ Assets and liabilities are initialty recognisad al historical cost or transactK)n value unless otherwise stsled in the relevant accounting policy Golng concern These finBncial statements have been prep8rèd on B going concem basis. Fund accounting policy Unrestricted income fvnds are general funds that are available for use 81 the trustees. disuelion in furlherance of the objectives of tho ¢hoty. Further details of each frjnd are disdosèd in note 12. Income and endowments Income from Govemmttnt and other grants, whetheT'capital' grants Or'rnue, gr8nts. is Tecognised when the charity has entitlement to the funds, Y performance conditions attached lu the grants have been mel, tt is probable thal the income will be r8eAivad and Ihe amount can be measureil reliably and is not deferred. In¢ome detlved from events 15 recognised as ¥arn•d Ilhat is, as the rel8tÈd gcA)d8 or sèNices are PTovidedl. Inve81ment InM$ is recognised on a receivable basis. Income trtsm Charltsble 8Ctivities indudes irKome T8gnised as e8med {as the related gocds or 3ervi¢¢$ are provided) under corrtr8¢t. P8p8
Blue Texel Sheep Socioty Notes to the Financlal Statements for the Year Ended 31 Decèmbor 2023 eontniued Expendlture Liabil¢ties are COgnISed as soon as thére is a legal or ¢onstru¢tive obligation mmItt1n9 the carity to the gxpanditure. All expenditure is accounted for on an accru818 basis and has been das$ffied under hèJing$ that aggreg81e 811 costs related lo the ¢zteg0ry. Co815 of raising funds are thè eosts of Ir8ding for funilralsing purposes. Chariiable expenditure compris0$ Ihose cos15 incurred by the ¢h8rity In the delivery of its acte5 and services for its beneficiaries. It Includes both o)sts that can be alloc81e<l dlredy to such actNthès and Iho3e C4)sts of on indired fialU ne¢o$$ary to support them. Grants payable are payments made to third parties in the fvrtherance of the charitable objedivès. Where Ihe charrty gTV¢S a grant wth ¢ondltSons for its payment being a specific level of service or output to be provNled. such grants aTe only recognised in th8 SOFA onGe the recipient of the grant has provided the speufic servi¢& or output. Grants payabb vAthout perforrnance condllions are only r8ccgnis8d in the •¢counts when a commotment has been made and there are no conditions to be met relating to the grant wlmch remoln in the CJ)ntfoI of th8 ch8nty. Provisions for grants a made whèn the Inlentlon to rnake 8 grant ha$ b¢8n communicat8d to the recipi•nt but there is uncert81nty about elther Ihe timing of the grant or the amount of grant payable. Support costs Support costs clude central fUnCtn8 and have been allocalad to activty cost CAte9ories on a basis consistent wth the use of resources. for example, allocating ptoperty costs by Ilw areas. or pef capila, stsff costs by the time sp8nt and other cost$ by thelr usage. Cash and Ca8h Equlvalonts Cash and cash equivalents CAJmwise cash on hwd and call dekv4its, and olhei sly)rt-term highly liquKI investments that are rdIty convertible to a krM)wn amount of cash aThJ are subje to an irtsvJnificanl rlsk of thange in value. Stock St0th Ss Vall at th8 lower of 3t 8nd net realisable value. after due regard for obsolete and slow moving 8lo¢ks. Net reali8ablo value is based on selling price less antiCAPat6d costs to completion and Selling ¢osts. Ilerns donaied for rèsale or di8tribulion a not induded in the financbal statements until ihey sold or distributed. Oth•rtradln9 a¢tivltl Unrestriet•d Totsl Funds Total Funds Funds 2023 2022 Merchandise sales 4.380 Inv•sknent income Unrestrlctsd Total Fund8 Total Fund Funds 2023 2022 Bank intere81 receivab 979 979 130 Pagè 9
Blug Toxel Sheep Society NotsB to the Flnancial Statements for the Year Ended 31 December 2023 continued Charitable activitie$ Unrestricted Totsl Funds Totsl Funds Funds 2023 2022 Charllable actlv5tles Memberships Registrations and birth nOtifitionS Transfer fee Creditsldebils on grassroots a)UntS Society sale levy Joining fèe Other income 31.2 1CK),520 10.468 110 31,290 100,520 10.468 110 7,S38 1,135 110) 151,051 28,095 90,546 8.463 124 11.863 1,475 222 140,788 1.135 1101 151,051 Page10
Blue Texol Sh•ep Society Notss to tho Flnanclal Stalgmgnt8 for thg Yoar Endad 31 Decemb•r 2023 Expondltyrè Raising funds Charitsble activlY¢s Total 2023 T¢>tsl 2022 Dlrnct co4tB Grants poyable- institubons Opening stock Purchases Closing Stock Insurance Gia$$r¢x*ts NSA Affiliati R¢funds. sponsors, rosetts, gifts Soaety publications and AGM Sale expenses Leaflets Ye8rbook costs Meeting costs Advertising Trade stsnds Photography Secretari81 fee8 Bank charges 530 6,950 (4.170) 805 33.862 115 1,569 195 8.819 1.778 6.525 3,481 14,462 11,061 8,660 20,675 146 115,874 970 {941) 655 33,514 215 2.150 461 18,309 4,489 (4.170) 805 33,662 115 1,$69 195 8.819 1,778 6.525 3,481 14,462 11,C61 8,660 20,675 146 111,953 2,207 46,837 13,810 12.218 18,367 152 153,743 3,721 Support costs Travellin9 Web fee Computer software anij fflaintenance costs Printh'ng, postage and stationery Accountancy fees Independent examiners fee Legal and professional fees Bad debts written off Direct debit charges PayP?I bank fees 1.094 428 376 6.344 758 428 376 319 1.223 100 7S8 2.CN)O (1.516) 741 283 3.129 751 182 12.513 751 162 12,513 3,721 124.466 128,187 156,872 Page11
Blue Texel Sheep Society Note8 to the Flnanclal Statements for the Year Ended 31 December 2023 conbnued Govam•n¢o ¢09ts 2023 2022 Accourrtoncy fees Independent examineffs fee Legal and professional fees 758 600 2,0 3,358 100 700 Tn01, r•muneration •nd expen¥e¥ 3 Trustees received travel expenses totalling £1.095 In the year P022.. 5 Truslees reujived travel and postage exp&nses totalling £922.) Taxation The registered charity is exempt from taxallon on incom8 8nd 98ln$. Debtors 2023 2022 Trade debtor8 othgr debtors Prepayments and accrued income 5,124 1,311 2,450 8,885 5.08D 3.121 8.201 10 Credltors: Amounls falllng due wlthln on• year 21)23 2022 Trade creditors T8xation s1 social secvrty ArualS an¢J deferred income 16.515 20.604 15.411 13,151 49,166 11.934 28.449 Page 12
Blue T8x•l Sheep Soelety Noles to Ihe Financlal Ststemgnts for the Yoar Ended 31 Decgmbor 2023 11 Relatgd parties Controlling entlty The charity Is controlled by the trustees. Rèlated p81ty transactbons A Bishop (trustee) was paid £4,742 12022.. £6,603) for sale in¥pa¢tions. There are no rejaled pBrty Iransactions invoknng any other trustees. 12 An8ty8lB ol funds At31 Dec¢mb•r 2023 At l January 2023 Irbcomlng re8our¢ Resour¢e8 •xpend Gèn•rnl Funds Unreslrficled income fiwld 139,047 156,410 (128.18n 187,270 Page 13
Blue Texel 8hoep Society Not8s to the Flnanclal Stalements for the Year Ended 31 December 2023 Prlor perlod At1 JAnuary 2022 Inc4ynlng resources Resour¢•$ ¢xwnd•d At31 Oèeember 2022 Ggner•l Fund¥ Unrethclgd incthne fund 155,CQ1 140.918 1.872) 139,047 13 Net asg0ts by fund UnreslTiCted Funds Total Funds 2023 Total Fund¥ 2022 Current 8ss•ts Cwdil¢x8.' Amwnts falling du8 vithin on& y¢8r Net 8ssets 195.719 128,4491 167,270 195.719 (28.4491 167,270 188,213 149,166> 139.047 Prlor wttxl Unreytrioted Funds Total Funds 2022 Total Funds 2021 Current a$$sts Credriors.. Annts falllng wlhin one year Nel assets 188.213 {49,166) 339,047 188,213 (49,1681 139,047 167,385 (12,3641 155.001 Page 14