THE LONGHORN CAThLE SOCIETY TRUSTEES REPORT AND FINANCIAL STATEIIENTS FOR THE YEAR ENDED 31 AUGUST 202S Chwrlty No: 1159780
THE LONGHORN CAThLE SOCIErY INDEX TO THE FINANCLAL STATEMENTS For the year ended 31 August 2025 Page Tnjstees Report Finarra1 RepKJrt IndepeThYenl Examinerfs ReFX)rt ststement ol Acbvrbes Bance Sheet Notes lo FinaThial Slalernerts 8-12
THE LONGFMJRN CATTLE SOCIErY TRUSTEES REPORT FOT the year ended 31 August 2025 The Trustees preserrt their rewt together wrth the finarKJal statements for the yeaT ended 31 August 2025. The Trustees have a(knpled pio¥isions of Its Slalement of Recommeryjed Piactice ISORPI "AccountsThJ and Reporbng ty charrt8. In prepanng ihe Bral rep(xt and finawal statements of the Charity. The finarrial stslements have been twepared in or(late ¥Ath am)unlJrYJ polics set out in the rKJles to the accounts and compty wth the Chaity's governing j0Ment, the Chantses Act 2011 and Accountiro and Reporting by Charrties Statement ol RecoMMeIe Pra1 applicablè to charities preparing their accounts In aCCAydance w¢h the Finarval Reporb"ng Standard appluble in the UK and Republic of Ir8latKI p(sblishèd in O¢iob81 2019. Reffernn and Admlnl$tratk>n Inlofmatio Charty name.. The LO[n Callle Scciety Charty reStrat?ft number". 1159780 East Lc#Yge Stond•gh Park KeniNvorth CV8 2LH Coun¢ll Mombér•lTrubtw• B Facon B M Llewellyn T Mills D Phillips C Roads 8 Stanley P Stanley E Sutton G Walker T Woollatt Appointed 05. 10.2024 Res¢gned 05. 10.2024 S•cr•tary D Dann Bonk*rs HSBC Bank plc 126 The Parade Leamington Spa Warwickshire CV32 41 Independent ExamlneY• DaffÈrns Audrt Limrted One EaSoOd Harry Weston Road Binley Business Park Coventry CV3 2UB
THE LONGRN CATTLE SOCIETY TRUSTEES REPORT (continued For the year ended 31 August 2025 Actlvltles ar charltabte objects The obiecDves for which the Socety is establtsw are to encourage. promote and irnPTOV8tht brèèding of Longhorn cattk and lo maintain their purty To maintain a Herdbook of Longhom cattle In fijrtherance lo the above ¢)biecis but nol fvrther or otheNnse the SCW shall have the folknwrvJ ptrwers". To promote shThvs an(Vor sa$ of LonglK)m Calu To do all IhiThJs ne(£ssary for the attanment ol the at4)ve objeLts. Thtr Soc4ety ¢Jepends on Ihe surt ol rts member8 for rt8 conbwing succes8. Publlc b8n8flt The Council corksider they have (x)mFIa Ihwr duty to have due regard to the guidance on public benefit. as published by the Charty CcMnmII0n. in expJci$irrfJ their powers and duties. A¢hl¢¥•m•nts •nd perfornun H¢rdbogk actrty lor thè ffin8ncial yar w8$ 1.233 fèmales registerad, 1,047 animals birth rKJty'fied. 88 males registered, 42 registered births and 1 236 lrnrvsfers Exdththng deaths. 8 totsl of 3.624 i1vidual transacts'ons took F4ace n order to maintain an acturate registy The Society held a herd wsrt to the Stoke her(J at Natural Er¥Jland's Parsonage Dovm stte. This wsil enae membefs to leam at¢Jut the h¢story ol herd and aL80 leam 8t)ut grazing techniques and gr85s sward rnanagemenl. The National Show i(>Jk pl at th• Grtral Yorkshire Show aThJ enabd members to showcase their h8r¢Js and breedirrfj to a WM1e auth'ence. Members also took catue to over 30 shows acyoss the country. again to prom¢ br¢el to th If tsming rnraM11rg COMMUnrt In their area. The Socjety had a promotional stsnd at the Groundswell Event for the first brne, promoting ts breod to a large nurnber ol farrners. Indu5ty derS and Influencts A numLw ol pogbve loads werè established by our oxpo$urg at the event. and new mnbtrs r• 9aintd. An online timed ath0n was lkl, enabliThJ memters to markelthÈire8lUÈ ¥Attut1hem having lo leave Ihe farm and mornI• heallh and ts'osevyty ¥l¥lu$. Th8 Society's soa81 media eSen Iwe8sed in Ihe18st yew wrth lolkwRrs being gained 8¢ro$s all the atforM5 the Socw has xcryjnts wrth. The annual 'The Long)M. magazine ¢onkn"nued to e high prcKluction values and was the sty,3 main print marketing tcol. Members also m use of the Soaety'5 marketing 8nd branding material al shS and events. The Sodety continued wth the type ctsssificatron stheme wilh exisknng herds and new herds partyUP8lINJ. This Independent assessmenl stheme assJ$i8 members wrth selethon ol caNe and herd irnyovement hdps lulfil Ihè Setty's 0ation for br88d improvement. Th6 Society continued to DNA lest and parent verify selecled ferDale5 3rKJ all ixjlls submitted for registration in order to rna1nta purty of the LxeeLI and lo compty wtth Ihe Zoolechnical R&Jul8tions 2020. Flnanclal revlew The so¢ty'SrIa show a dellc¥t on orthnary a[ of£6.7 in the year eIe 31 AUt 2025 12024 £12,098 defi¢)tl. 1jnrestr1ed camed frmward at 31 AwJust 2025 totsl tIC6, 130 121Y24 £113.11n.
THE LONGHORN CAThLE SOCIErY TRUSTEES REPORT Icontlnuedl For the year ended 31 August 2025 Re8eryes poll¢y The Council has examined the Sctievs requirements for SerVeS in the Iht of the main risks to the organisation. The Society aims to hokl f nanod reserves that cover one year's Idgeted expendrtuie. The S(ety has budgeted to SFend £86.424 in the yèar to 31 August 202612025". £90.8001. At 31 August 2025 Souety held reserves wnounts.ng lo tI(.13012024 £113.117) Stfucture, governance and management Govemlng document Society Is governed ty rts const1j. The &x• wa6 WLecl a5 a CW S J8rKJary 2015 (No 11597801. Roerullmtnt and appolnbmnt ol c0CH The Longhorn Cattle Soaety is run by the Sou"ety Counal. AJI Counc41 mèmbeTS are also Trustees ol lh• Socièty. Nominathorns are InMt•d lor e¢tion to Counal and both an online and a paper ballot are dlsiribuied pr to the AGM to determine their electhn shoukj suffioent nominatKJns be received. Council members are elected by the membershp for a three year lenn 8nd then retire by rotation. After their Ind wnstCJJti thr•• y•ar twm c1 membors cannot stand lor re-eleth.on for one year. The Council elect their own Chairman at the first meebng after the AGM. Council meelirYJs a lorm81 agend8 minlrtes are taken There 1$ an Annu Gener81 Meeling lo wtti¢h all members are Invrte(l ThLs meeling ikndeS an adopbon of the x£ounts and the presentation ol the Chairman's pOrt lor the year. The Council of the sO¢ty appoinl a se?ryrt3Ur to QLrt th? daify admini$trath"on ol the Society and maintain the account $. Rlsk revlew Th8 Truslees have revM%dth8 may ri$kstovthththe Socaety Is expo8edto and nfirrn thal SyBt•ms have been established to mitsgate thc6e nsks. Truste$ wxlu¢X strne meebngs aThJ discussions wa line ¢xJnlerenang to reduct the need lo meet lace to face. Registratson and memtership income have been rewewed and rernain stable. Ongoing marketing and prornobon ol the breed focuses 0•ne and soc1 media plattorms tts support the expe4ure the breed has from 0tterKIa¢ 81 S+ and events. Approved by order of Ihe 8oard T11ee8 on 10 Febru 2026 and $b3r*d ty. Chair of Twst
THE LONGHORN CAThLE socIErY FINANCIAL REPORT Forthe year ended 31 August 2025 rhe SocJety h1 a year 01 maintained InrA)me bLrt Increased expendrtLWe. Herdb)ok activity lor the finanaal year was 1,233 females wistered 11,181 in 20241, 1,047 1893 in 20241 animals birth Tr)tified. 42151 In 20241 mdes birth register. e6166 In 20241 males registered and 1,236 11.000 in 20241 transfers. ExdudirrtJ death5, a lotsl of 3.624 13.158 in 20241 indThiMlual Iransthns took pla In order to maintan an acCUe r89isty. As a mernbwship baseLI orwisation the Sc¢K?ty's matn fft¢))me strè¥ms remaiwj subscrtptions, re91*ratn$ and transfrtr8. Secretarial salary. s(rJal secLtrty and ¢xcJjpaliorl perow expendrtvre were Ihe Soryety's largest sin91¥ OLrtgoJn9. The Longhorn CatNe Soaety is a Charity and the Trustee5 Oftt Soaety are enliLL%ted with the role ol ensuring the monies held are well rnan3 and Ihal there 15 a prudent reserve and thèn ensure that lund8 are used to ¢arry th¢ prI1paI obJe¢tsv¢s ol the sety It Ls Councd Folicy to ensure that the routsne running cnsts ol fv Soaety are sell-fiJTrJing and that the Society has reserves rough equiv8nI to a year's annual eXpendre. bn4jf D Dann Swety Treasurer and Breed Se Dated 10 FebrLtary 28
INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF THE LONGHORN CA TfLE %)CIETY Independent Examlnerfs Report to the Trnstees ofThe Loryhorn Catue S¢xiety I report to the Charity Trustees on my examinatu% ofthe xcounts ofthe Chanty foi the year ended 31 August 2025 which are sel out on pages 6 to 12. R¢spon8lbllltle8 and ba818 of report As the Charity"s Tiustees you are respJnsiL4e foi the prepwats"C of the accounts in xccffdance wrth th8 requirements ofthe Chath'es Act 2011 Ilhe ). I report respect of my ex8mination ol the Chanty's ac¢ounts carned OLrt under sectson 145 of the Act and In carryirrfJ out my examinth'on I have fdiowed all the applicat4e DirectnS Ven by the Charty CommiSs)n under 8ection 14515llbl of the Aci Indepéndènt examlMrf stat•m•nt I have completed my examination. l ojnfirm that no material matters hav? come to my •ttnlion in connection with the exarninabon giving me cwse to belve that in any material leSpt. accounlirrfJ reccffds were not kept in resFd of the Charty as requir&J by seclk)n 130 01 ts Act." or the lnIS not ac£ord th tlw tecxx(Js.' crf the accounts do not compty wrth the applicable reouirements conTrming the form and content of 8ccountS set out In the Charitjes lknunts and Rewrts) Re9ulabon5 2008 other than any requir&m8nt that th8 untS gNe a 'ln and fr vw. vhich Is not a matter D)nsiderecJ as part ofan 1rn1ependent exarninatsc. I have no concems and have ¢tyne auoss no oth¢f matters in ¢onw¢bon with the examination lo which attentson should be drawn In this rep(x1 In order lo enable a w¢)per understanding ol the accountB to be reached. Geoffr•y Cox BA FCA Ilnslrtute ol Chartered Accountants in England and Wales) Dalferns Audrt Limtsd One E83fv4ood Harry Weston Road Coventry CV3 2U8 D8led l o &£
STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 August 2025 2025 2024 Unrestrlct8d funds Income from.. embors subscriptions Gift aid Donations Registration fees Transfer fees Al receipt5 Handbook and newsletter adverts Breed devek)pment Sale ol merchandise Interest receNed other income 21.569 1.761 45 38,631 5,974 1.176 1.590 4.145 133 3,191 75 22,74.. 1,61 38.50,. 9.251 31. 2.021 2,841 3,62 Total Income 81.071 Expenditure on.. Shows and demonstratic$ Breed development Cost of meebngs Prints'ng and ststionery Cost of tneichandise Al costs Subscriptions payable Secretary's sa13ry and stxial security costs Secretary's expenses Office expenses ebsite and other computer expenses Independent examinab.on Professional fegs Depie¢iats"on Stock write off Other Costs linduding bank chargesl 9,541 6,899 3,481 4.038 137 2,588 388 39,322 37 13,094 1,282 1,965 241 1,625 335 304 14,96. 2,91.. 8,75.. 17 1,951 57" 39,55 12.. 13,92., 821 2.03,. 22: 1,62,. 38,. otal expenditure 85.277 93,17. Net Income 112,098
THE LONG)RN CAThLE SOCIErY BALANCE SHEEf AS AT 31 AUGUST 2025 202S 2024 Flxed assets Tarigible assets Inveslments 697 1.651 2,322 1,651 3,973 Current a89•ts Stock Debtors Bank balances and 2.016 7,522 117.417 126,955 108,273 119,226 Credltors: amounts falllng dufr rfthin one year 15,444 17.811 N•t curr•nt a•••ts 103.782 109.144 Net a$8ets 1(6 130 113.117 Rar¥ General lund- Unr•stn"dad 10 106.130 113.117 The Inanaal stalements were apprcNed bytt* Board ofTnJ6tees on 10 February 2026 3rLJ wer• signed on its tsehall by". C Roads Chair of Tru6teeL- The Th)tes on pages 8 10 12 part of these finarKial statements.
THE LONGFRN CAThLE socIErY NOTES TO THE FINANCIAL STATElIEIs For the year ended 31 August 2025 1. Accountlng policies The folltswTYJ acctyJntiThJ PLIe$ have been Us1 constsnty In dealitYJ wth items which are cOndered mater¢al in nature to the Charty's accounts. General Informatlon and basls ol preparntk)n The Longhorn Catue Sctiety Is a Charrtab Incuporated organisabon ICIOI In England and wa5. The operational address Ls gNen In the Charty inforrnat on page 1 of these finanaal ststements. The nature ol the Charity's OFeratK)nB and prirKtpal athvib¢5 are stated on page Th$ financial Siements of Ihe Charty. is a publr bonefli entty under FRS 102, have been prepared In accordance wth the Charibes SORP IFRS 1021 'Accounling and Reportiry by Charities Statement ol Recommended PrXtI aFvluble to charthes wepanng thèir accounts In accordance wth the Finaroal ReporbThJ Standard aPFAic3ble In the UK and R&publi¢ ol Irdand IFRS 1021 published In Oaober 2019. Finawal Reporbng Standard 102 'The Finanual Reportjng Standard applicabk In Ihe UK and Republ of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The financial statements have been Prepared lo gwe a true and fair. view and ha d•parted from the Chanties lAC(nts 8TrY Reports) ReguL4tsons 2W8 only to the èKtenl required to provide a 'true aThJ lair view.. Th deparbjre has Invaed fdkThving the Accounts'ng and RewtirrfJ ty Chantses. Statement of Re¢(nnWed Prath applicat4e to charrties preparing their accounts In accordance wth the Financral Reporting Standard appluble In the UK and Republicol IrelaTrJ IFRS 1021 Issued In October 2019 r8therthan the Acctsunling and Repothng by Charities Slatemenl ol Recommele4 Prth from 1 Aprll 2ts)S vthich h88 Binc8 been wrthdrawn. Thè financial statèmÈnts aro preparsd on a gn9 concem basis undef the historical c03t convents'on. The financial stslem8nts are presented In Pound Sterfing 1£) which Is the fvnctional currercy ol Charity and are rourthd to the nearest E1. rhe signifi<anl a¢¢ounling Oboes In th• pr•paratwM of these financial statements are sèt out below. These polic$ hav• been c(sistenty gpplied to all years presented unle65 othervnse stated. Incom• All Incorne is rttognised in the Statemerrt of Financial ActNrts when Ihe Ctrwrlty h8S en11meI to Ihe funds, rt is WObab that Ihe Income will be receNed and amouni tan be meaSUrt reliabty. Expendlture Expenditure k8 a¢xounted on an wuals baS and has teen dassified undef headings ihat aggregate au cost ted to cat¢Y VVhere(LJsts cannot be directly attributed lo partscular headings, Ity have been alkjcated to actiV.e$ on a basis consistentwiih the use of re$our¢•s. Liabi1rtS are recDJnised as eXFendJTe as soon a5 there is a legal or CortrUC.ve obligaD'on commstting the Charty lo that expendrture. il is probable that a transfer of economic benèfrts will be reQred setknent and amouniofts obiwon can te moaswed rdbty. Investment The Investment Ihe Sry Is slated at cost Sto¢k8 Stocks are valu&J at the ltr1r ol cost and rt reali8able val. Cost Fs defined forthis purp08e as the expendrture cUrred in the rkyrnal cwrse of busiress. Stock ofAI Is not I(j as this is writt8n off when extracled.
THE LONGHORN CArrLE SOCErY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl Forthe year ended 31 August 2025 1. Accounting pCAlcI (continued) Tangible flxed a558ts Tangible fixed assets are ststed at cost less mLIated depreoats"on. At eh reporting end date, the Charity revievts thè carrying amounts ofits t8ngitAe 888ets to determinewhethw there any ind¢aon that those assets have suffered an impa"'rmenl1055. D•p1110n Depre¢iation Is provided al folowng arfflual rates In ortsr to e off each asset over rts estimat&J usefvl lrfe. Computer eqviprnent and website development Fixtures and ffttr'ngs - 25% $tWght line - 15% redltY) balar¢a Debtorn and Creditors recelvable I payable wlthln on• ytrar Debtors and ertOrS rv) slated IntÈresl rate and recewablè or pay)le within one yegr are reccKded at transadJ"on wce. Any lJsse$ arising from Impaim)ent are recognised in expenditure. Taxatlon The Chanty J$ an exempt Charity wrthin the meanirrfJ ol sd)thle 3 of the Ch8ril8s Act 2011 and 16 considered to P83S the tests set oul In Paragraph 1 Schedule 6 Finance Act 2010 and therefoie il meets the definth'on of a charrt¥blè cornpany UK rporatsOn tax purp)ses. Fund accountlng All the Chaty s fuThts ¥e unrestnct•d. UnresthrAed lunds S avala lor use 8t the d$On ol Trustees in fiharance of I general obpclN•s of Ihe Charty and wl4ch rKJt been designated for other purposes. Golng conc•m The finan081 ststements have been prepared on a going concm basts a5 the Trustees believ• that no material unrtaintieS extst. Thts TrLkBtees have c(S1dered th& k¥vel of fvjnds held and It exFECted level ol Irorne and expeThJrture lor 12 months from aLthorising ihèse financial statements. The ixjdgeled IroMe and trxpendrture ss suffioent wrth the Sevel ol reseryes for th¢ Charity to be able Io ¢Mfrnue as a g)Ing corYAm. l Tru•t••8' remuneratlon and nofft8 Ther8 were no Trtslees, remunerabon or benefits for the year dad 31 August 2025 nor the year eThJed 31 Aigu$t 2024. EXpS re1mr$8 io Ttee5 duriThJ the year amtrjntgj to £Nil12024 £841. 3. Independent IrnIne remun•r•llon The independent &xamN*rs reMunerab"C lots18 £2.050 lor the year ended 31 August 2025 12024 £2,035).
TFE LONGHORPI CAThLE PA)cIEr NOTES TO THE FINANCIAL STATEIAIENTS Icontlnuadl For the year ended 31 August 2025 4. Staff eosls 2025 2024 The average monthty number ol emplryees duriNJ tt* yoar was as folluws". Athinistration Stsff costs werè" Salaries Social securtty costs Pension costs 36,394 38,391 928 1.160 39,322 39.S51 No •mpltyè•s ftt8fvèd •mc4umènlÉ in èxcèÉs of È60,C¥)O fft this yèar w the w8.n9 y&ar. S. T¥ngll)le Ilx•d •¥¥•ts Computer equlpm•nt & bslt dw•lopm¢nt Flxture8 & fittlngs Totsl Co8t At 1 Septemtrer 224 Addithons Al 31 August 2tr25 547 7.843 547 D•pr¢¢l•tlon At 1 Septemb6r 2024 Charge for the year AJ 31 AwJusl 2025 4,774 1.625 6.399 547 5.321 547 N•t book v•luo At 31 August 2025 697 At 31 August 2024 2,322 2,322 10
TFE LONGKIRM CAThLE socIErY NOTES TO THE FINANCIAL STATEMENTS l¢ontlnu•dl For the year ended 31 Augltst 2025 S. Investments Shares In 8ubsldl•ry. at Cost 2025 2024 Cost At 1 septernir 2024 a1 al 31 2025 1,651 1,851 The Charty owns 1C(l% of the ordinary shwes of £1 each in The Longhorn Meat Marketlng Company Limited. This SL¢bsidiary was ttsed lor norFprirnary purp)se tradtno actsvrties. namely the markebng of Iwghom beel and reta1 of hths. The Company is cunentty dofmant. The lèst av*k4ble accounts art tr the year 31 Allgust 2025. A summory 0¢ the results of the subsKliary lor the year etKled 31 AuSt 2025 1$ Sho below. Current assets Cufrent Ikqbdrties 1051 1.051 Sharn caprtal Relained earning5 1651 {eL 1051 cong0lidat•d e£Sunta ar• not prapai•d. as tho Twst•8s cfJns#lw thatth8 results are not material. 7. D8btorn 2025 2024 Trade debiors PAYE and sojal MvJnty Prepayment and accrued IOme 4,461 3,058 7,522 8. Bank bal•ncu and cagh 2025 2024 The followiF¥J ba1CeS are i(#eI.. COIF Charities Dep)6rt FuTrd HS8C- Dep05rt account . Currerrt gceount 68.441 6,521 33,311 68,441 6.405 42.571 108,273 117.417 11
THE LONGHORN CAThLE SOCIEr NOTES TO THE FINANCIAL STATEMENTS (contin(1) For the year ended 31 August 2025 9. CredltoY8: amounts falllng due wlthln one year 2025 2024 TTade uedrtor8 VAT Amount owed lo Surtry Deferred income Accruals 3.576 1.773 1.051 6.829 2.215 4,883 2,349 1.051 2.178 17,811 Deferred i relates to MberShIp subKnpts irKwe in the (wrrenl year and preceding y¥8f. 10. Fund• All fijnds are unTestri¢Xed. 11. R•lat•d party tran•aetlon• The Socjety owns IC4)% ol Ihe Sre capital in The Lorghorn Meal Klarketsng Company Limited which is a commercA Compary establL8he(I lo yomoie Ihe markeiing and sale of Longhom beef and hides. Details warding the accounts of The Longhom Meat MarketirrfJ Cornpany Ljmited are 9181•d i JKte 6. Therè war& no transactions Th& Longhorn Meat Marketing Company Limited during Ihls financial year or Ihe previous financJal year The amount 0Ed to The Longhorn Meal Markelir Company ts'rnited at the year WKI w&5 £1,05112024 £1,051). 12