CYMDEITHAS GWARTHEG DUON CYMREIG WELSH BLACK CArrLE SOCIETY Notice of the 2025 ANNUAL GENERAL MEETING and STATEMENTS OF ACCOUNTS 2024 Re9lStered Charity Incorporoted Or9anisation Number1159937 NOTICE OF THE 2025 ANNUAL GENERAL MEETING AND ANNUAL FINANCE REPORT FOR 2024 Notice is hereby given that the Annual General Meeting of Members of the Welsh Black Cattle Society will commence at 4.00pm on Saturday, 27th of September 2025 at Bala Golf Club, Penlan, Bala, Gwynedd, LL23 7YD Please RSVP to the Office b no later than Frida tember 19th 2025 CYMDEITHAS GWARTHEG DUON CYMREIG WELSH BLACK CArrLE SOCIETY Mr. Alwyn Jones President l Llywydd 2024- 2025 CYMDEITHAS GWARTHEG DUON CYMREIG WELSH BLACK CArrLE SOCIETY Patron: H.R.H. King Charles111 Llywydd | President: Mr. Alwyn Jones Tyn y Caeau Uchaf, Betws Road, Abergele, Denbigh Llywydd-Etholedig I President-Elect." Mr. William J Davies Brynglas, Ponterwyd, Aberystwyth, Ceredigion Honorary Life Presidents: Mr. GORONWY JONES, Ty Newydd, Nebo, Llanrwst, Gwynedd Mrs GWENFAIR JONES, Hafod-yr-Esgob Isaf, Bala, Gwynedd Mr TREFOR JONES, Cwmcae, Bow Street, Ceredigion Mr. R.E. WILLIAMS, Penywern, Talybont, Ceredigion Mr. J.B. LAWSON, BVSC, MRCVS, FRAgS, Tyn y Celyn, Llanelltyd, Dolgellau Miss LORRAINE HOWELLS Bsc (Honsl, Cwmcarno Farm, Rhymney, Gwent Mr RICHARD HUGHES, Glanrafon, Bodorgan, Angelsey Honorary Life Members: Hon. JULIAN GIBSON-WATT B.A., Doldowlod, Llandrindod Wells, Powys. Mr. L.A. PRESTON, Coombe Farm, Green Hitchings, Great Milton, Oxford. Mrs. S. EVELYN JONES M.A. Erwlas, Llanarthney, Carmarthen Mr. R.E. WILLIAMS, Penywern, Talybont, Ceredigion Mr. W.G. ROBERTS, Groesffordd Farm, Glan Conwy, Colwyn Bay, Clwyd Mr. J.B. LAWSON, BVSc,MRCVS,FRAgS, Tyn y Celyn, Llanelltyd, Gwynedd Mr. ARVID PARRY-JONES, Is-allt, Talybont, Ceredigion, SY24 SHB Mr. DEI TOMOS, Ty'n Twll, Nantperis, Gwynedd Miss. PAT THOMPSON, 7 Ffridd Terrace, Caernarfon, Gwynedd REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 Contents Page Legal and Administrative information Agenda Report of the Trustees Report of the Independent Examiner Statement of Financial Activitiès 10-12 13 14 Balancè Sheet 15 Notès Forming Port of the Financial Statements Minutes of 2024 Welsh Black Cattle Society AGM 1¢>24 25-28 PLEASE NOTE: "Assoclato Members" will not be allowed to vote by virtue of Clause 916llbl of the Constitution. If you are unsure of your current status, or wish to enrol as a "Full Member please contact the Builth Wells Office on 01982 551111 LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs Marian Phillips, {Chairl Mr Rowland Rees, Mr Edward Ll. Williams BVSC, MRCVS Mr Dilwyn B. Jenkins Mr Chris Thorpe Mr Michael Wyn Jones Llywydd I President: Mr. Alwyn Jones, Tyn y Caeau Uchaf, Betws Road, Abergele, Denbigh LlyWYdd￿tholedl9 I Presidenl-Eleet: Mr. William J Davies, Brynglas, Ponterwyd, Aberystwyth, Ceredigion Chairman of Council: Mrs Marian Phillips Viee Chair of Council: Mr Rowland Rees Chairman of Finance & General Purposes Committee: Mr Edward Ll. Williams BVSC MRCVS Viee Chairman of Finance & General Purposes Committee: Mr loan Roberts BA Eleeted Couneil Members: 24 in total Breed Secretary: Miss. Lynfa Jones, BSC (Honsl Offie6 Royal Welsh Agricultural Showground, Llanelwedd, Builth Wells, Powys LD2 3NJ Bankers H.S.B.C. Caernarfon, Barclays Bank, Builth Wells Aeeountants W J Matthews & Son,11-15 Bridge Street, Caernarfon, Gwynedd LL55 IAB Legal Advisers Harrisons Solicitors LLP, 30 Broad St, Welshpool, SY217RR Official Insurers NFU Mutual Insurance Services, Dolgellau, Gwynedd CYFARFOD CYFFREDINOL BLYNYDDOL 2025 ANNUAL GENERAL MEETING AGENDA To be held al Bala Golf Club, Ponlan, Bala, Gwynodd, LL23 7YD On Saturday, 27th of September 2025 at 4.00pm l. Chalrman'8 wol¢om• 2. To r•¢olvo apologlos. 3. To conflrm Iho Mlnuto8 (Printed with the Noticel of Iho Annual G•noral Mootlng h•ld on Saturday 218t SoPt•mbor 2024 Bala Golf Club, P•nlan, Bulu Gwynodd, LL23 7YD. 4. To ¢onsld•r mutt•rs arlslng from th• mlnutO8. 5. To r•¢olv• a roport from th• Chulr ol Tru8t•o8 - Mrs Marian Phillips 6. To receive the Aeeount8 and Balanee Sheet8 and Aeeoun18 for the year ending 3 D•¢•mbor 2024. (Printed with the notice). 7. To appolnt W. J. Matthows & SO￿ Brldgo St. Cuornarfon as tho So¢lety' A¢¢ountants. 8. To appolnt Hurrl8on8 Soll¢ltor8, Wo18hpool u8 th• So¢l•rf8 Lo9al Advl$•r8. 9. Pr•8ld•ntlul Addro¥8- Mr Alwyn Jones 10. Pr•sontallon of 2024 Award8: {ulTho Hord of th• Y•ar Tro h to D G & B Thomas, Ab•rdylnant, Llanddou8ant, Llungudod on the performance of the DYFNANT Herd {blH•rd of tho Your Tro Small Hord8 to T & C Dyko, Ball•y Brlth, Howoy, Llundrlndod W•ll8, Powy8 on the performonce of the BAILEY Herd {clTh• T -B n Chall•n ocu is awarded to the vendor of the highest priced bull ot one of the Society's Soles, this trophy is oworded to D G & B Thoma8, Abordyfnunt, Llandd•u8ant, Llangadod for the performance of DYFNANT ADDA 18TH Vol. 112 born 15/0612022 thot sold for 14,0009ns ot Dolgellau January 2024 Show & Sole to Mr. William Gwynfor Evans, Llys Enlli, Talybont, Bermo. {dlTho Cu•rb•rllan Per •tuul Tro is presented annually to the vendor of the highest priced female at one ol the Society's Sales and on this occosion the Caeberllan Perpetuol Trophy is awarded to Mr. l G Rob•rt8, Tryfll Isuf, Llun•r¢hym•dd, Yny8 Mon on the performonce of TRYFIL BRIALLEN 21ST Vol 111, born on 17107/2022 sold for 5,4009ns at Dol9ellau s 2024 November Show & Sale to Miss. Elin Fflur Williams, Adwy'r Nant, Pantglas, Garndolbenmaen. {•lTho J O Prll¢hard Momorlal Chullon •Cu is presented to the vendor of the highest priced heifer under two years of Oge, sold ot one of the Society sales. The successful vendor wos A & R C Wllllam8, Pontro, Cwmtlrmyna¢h on the performance ol MYNACH GWfNETH 80TH Vol 112, born 09/07/2022 sold lor 2,900gns ot Dol9ellou s 2024 November Show & Sale to Ms S J Laytron, Knoakes Court Livestock, Leominster. ROYAL WELSH WINTER FAIR 2024: {fl Tho Co8t•ll Chall•n ocu is presented to the Breed Chompion ot the Royol Welsh inter Fair 2024 ond will be aworded lo Ow•n Bro¥, Br0nforla￿h, Glan Conwy on the performonce of COEDENA LLEWELYN {glTho Dolwon Chall•n ocu is presented to the Best Pedigree Welsh Block Steer ot the Royol Welsh Winter Foir 2024, ond will be aworded to Owen Bros, Bronforlo•th, Glan Conwy on the performance ol COEDENA LLEWELYN {hlFarmer8 Mart8 Award: £500 owarded to the Champion and Reserve INelsh Black Champion ot the Royal Welsh Winter Foir 2024.. l. Owen Bros, Bronleriaeth, Glan Conwy LLEWELYN) 2. E & S Evans Tynont, Talybont, Ceredi9ion IDDOLFACH ROBI £200 Champion ICOEDENA £100 Reserve Chompion 2025 SHOW SEASON {1} Bull ol tho Your Tro will be owarded to the Bull 9ainin9 the highest number of points In the 2025 showin9 seoson, olon9 Wlth £250 owarded sponsored by Pennont Finance. Ul F•mal• ol tho Your Tro will be awarded to the female 90inin9 the highest number of points in the 2025 showin9 season, along with £250 aworded sponsored by Tithebarn Ltd. Please Note.. It would be much a reciated if the alk rize winners would make eve effort to attend . To r•¢olv• a brlof addr088 from th• rotlrlng Young Mombor Ambas8ador- Mr Ben Willioms, Gorth Uchof Farm, Pentych, Nr. Ctsrdiff b. To prosonl tho Young Momb•r Ambu88ador'8 Porp•tual Trophy for 202& 2026-Mr Deio Clwyd Williams, Pentre, Cwmtirmynach, Bala 12. Eloetlon of OKl¢•rs: President President Elect 13. To r•¢•lv• r•8ults of the Eloctlon of M•mb•r8 to 8orv• on the Coun¢ll for th• p•rlod of 2025 -2028 To pr•$onl tho Pr•8ldont'8 Chaln ol offl¢• for 2025- 2026 To mov• u vot• of thank8 to th• rotlrlng Prosld•nt, tho oHl¢lul8 and staff of tho So¢l•ty 16. Any othor bu8lno88. By order, Miss Lynfo Jones Welsh Black Cattle Society Royal Welsh Showground Bui Ith Wells Tel.. 01982 551111 Mob: 07943138 480 E-mail.. seeretary@welshblackcattlesociety.com Website.. www.welshblackcattlesociet .com Registered - Charity Incorporated Or9anisation Numbar.. 1159957 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees hove pleasure in presentin9 their report tO9ether with the f inancial stalements for the Welsh Block Cattle Society for Ihe year ended 31 Decernber 2024. The legal ond administrative information sel out on po9e 5 forms port ol this report. This report ond the finonciol stotements comply with the Charities Act 2011, the constitution of Ihe Charitable Incorporated Or9onisation ond Accountin9 and Reporting by Charities- Stotement of Recommended Praclice applicable to chorities preparin9 their accounts in accordonce with the f inancial Reporting Standard opplicoble in the UK and Republic of Irelond IFRS 102, eflective I January 20151. Purp08•8 and Alm¥ The Society wos established to promote and mainloin the purity of the Welsh Black Cattle breed. The Society benefits the public by promolin9 Woles s only native breed of cattle and produces o Herd Book onnuolly confirmin9 the f ull troceability of cattle re9lStered during the year. In shaping our objectives for the year and plannin9 our activities, the trustees hove considered the Charity commission's 9uidance on public benefit, including Ihe guidance 'public benef it.. running a charity IPB21'. Organisation The Chority was re9lStered with the Chority Commission on 14, Jonuary 2015, as a Charitoble Incorporated Or9anisation ICIOI with Charity number1159957. The Society Patron is Former HRH The Prince of Wales KG, KT, GCB, OM, AK, QSO, PC, ADC. The Charity previously operated as on unincorporated charity, Welsh Black Cottle Society, formed in 1904. Mombor8hlp Contrlbullon to So¢l•ty A¢tlvlllo8 The Council Chairmon and oll members of Council continue to oddress Ihe day-to-day runnin9 of the Society and all volunteers ore appreciated. The fulptime breed secretory is employed to support Council, Trustees and members in order to meet the Society's aims. Council is further support by the President ond the Youn9 Member Ambassador. The two re9ional clubs, the North ond South Wales Clubs are important direct local points of contact for new mernbers ond have been proven to be of 9reat benelit to all Society members in their respective oreas. How our a¢lfvltlo8 d•llvor publlc bon•llt Office Staff and the Secretary ore providin9 a service to members and the 9eneral public, both on the phone and e-mail as well as attendin9 organised events held to promote the breed eoch year. The Society produces o Newsletters and o Journol which includes annual news, results and information re9ordin9 the breed pro9ress and Society activities. The Journal olso provides a useful item of promotion. The Society 'Herd Book, is published to 9iYe details of all cattle reglstralions and these con olso found on the Society website on www.welshblackcattlesocie .com. The Welsh Black animal is a hardy breed, able to withstond the conditions of our climote and compliment sheep to 9roze oreas of wet ond hi9h altitude which, in turn, benelits wildlife habitats, producing the environmentol benefits that the public desire. 10 The Society olso promotes the morketin9 of Welsh Block beef benefittin9 farmers ond consumers, who deserve to know the Iraceobility of food production. The Society also organises several pedigree sales each year. The purpose of the sales is to galher tO9ether in one sale sufficient numbers of pedigree cattle to enoble lorrners thinking of startin9 o new pedigree herd to occess the cottle they require. It also allows estoblished breeders the opportunily to choose and purchose the cottle they require to improve their herd, ond the breed. The Society polices these soles, ensurin9 pedigrees are correct, thot all bulls have been DNA tested and thot the Johne's diseose stotus is declared for all caHle on sale. This promotes and maintains the purity and health of Ihe breed. The soles ond quolities of the breed ore promoted ot agricultural shows, form visits and competitions, and advertising in the national press ond TV and radio covero9e. 2024 Ov•rvl•w In 2024, the Welsh Black Cottle Society celebroted a busy ond successf ul year, marked by events promotin9 the breed both within and outside Wales. Highli9hts included the President's Open Day at the renowned Rhiwaedo9 herd, the Annual Generol Meetin9 Wlth o chon9e of presidency, ond promotionol visits to Okehampton Show ond A9ri Expo in Carlisle. The Society also engoged wilh politicians al the Senedd to showcose the breed's importonce in todoys economic ond environmental climate. Throughout the year, members, olficiols, and supporters contributed Sl9nilicantly to roising the breed's profile and fosterin9 Its growth. Flnun¢lal Informatlon and Futur• Dov•lopmont The statement of finonciol activity shown on po9e 14 shows total incomin9 resources in the 9eneral fund £88,396 compored with £85,695 recorded in 2023. The expenditure hos increased from £79,418 to £85,694. There is a profit for Ihe year of £2,702. Pay polley for 8laK The Trustees consider thot the Council members comprise the key mono9ement personnel of Ihe charity, in chor9e of directin9 and controlling, runnin9 and operatin9 the charity. All Trustees give of their lime f reely ond no trustee receives remunerotion in the year. Detoils of Trustee expenses ond related poty transactions ore disclosed in note 8 to the accounts. Employed staff are subject to an annual performance review. Ro¥oN•8 polley and rl8k munagom•nt The unrestricted reserves of the society ore shown at £590,100. Included in these reserves ore f ixed assets of £110,554 ond investments of £30,047. The current net assets of the unrestricled f und amount to £249,499. This should be suff icient to provide short term doy to doy operoting capital and cover six months expenditure if no other income wos received. Tru8to08' r•8pon8lbllltl08 In r•latlon to Iho flnanclul 8tatomonts The Chorities Act 2011 requires the Trustees of the charity to prepore f inonciol statements for each f inancial year thot gives a true ond fair view of the charity's finoncial activities during the yeor ond ol its finonciol position ot the end ol Ihe yeor. In preparin9 the f inanciol statements the Trustees should follow best proctice ond Select suitable accountin9 policies and apply them constantly . Moke judgements and estimates thot are reosonable and prudent Follow applicable occounting Standards ond the Chority's SORP, disclosing and explainin9 any deportures in the f Inancial slatements- ond The Trustees are responsible for keeping occountin9 records thot are such os to disclose, with reosonable occuracy, the finonciol position of the charity ot ony lime, and to enable them as Trustees to ensure thot the financial stotements comply with charity law. The Trustees are olso responsible for sofe9uardin9 the charity's assets, ond hence for takin9 reasonable steps for the prevention ond detection of fraud and other irregularities. Approved by the Trustees of the Welsh Black Cattle Society on 29h Au9USt 2025 ond si9ned on its behalf by.. Chalrman Board of Tru8t•O Welsh Black Caltle Society 12 INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE WELSH BLACK CAThLE SOCIETY Independent Examiner6, Report to the Trustee8 of the We18h Black Cattle Soeiety I report to the trustees on my examinotion ol the accounts of the Welsh Block Cottle Society lor the yeor endin9 31st December 2024, which are set out on pa9es14to 24. R•¥pon8lbllltl08 and ba818 of r•port As Ihe charity trustees of the Welsh Block Cattle Society, you are responsible for the preparotion of the accounts in accordonce with the requirements of the Chorities Act 20111'the Act'l. I report in respect of my examination of the occounts corried out under section 145 of the 2011 Act ond in corryin9 Out my examinotion I have followed oll the applicoble Directions 9iYen by the Charity Commission under section14515llbl of the 2011 Act. Ind•p•ndont oxamlnor'8 8tatom•nt I hove completed my examination. I conf irm that no material motters have come to my attention in connection with the examination 9ivin9 me cause to believe thot in any moterial respect- 11 accountin9 records were not kept as required by section 130 01 the Act,. or 21 the accounts do not accord with those records,. or 31 the accounts do not comply with the applicable requirements concernin9 the form and content of occounts set out in the Charities IAccounts and Reports) Regulotions 2008 other thon any requirement thot the accounts 9iYe a 'true and fair view which is not a matler considered as part of on independent examination. I have no concerns and have come ocross no other matters in conneclion with the examination to which attention should be drawn in this report in order to enable a proper understandin9 of the accounts to be reoched. Davld Chldl•y W. J. Matthows & Son Charlorod A¢¢ountonts Ik15 Brldg0 Slr•ot, Caornarfon, Gwyn•dd. Dut•d: Dated.. 27th August 2025 13 WELSH BLACK CArrLE SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Not•$ Income Subscriptions and donations Income from charitable octivilies 24,280 21,763 41,925 44,727 Income f rom commercial operations 17,314 15,822 Investment income 4,879 3,383 Total In¢omo 88,390 85,695 Exp•ndlturo Expenditure on charitable activities 85,694 79,418 Net income and net movement in f unds lor the year 2,702 6,277 Reeoneiliation of lunds Total fund8 bmught lonvurd 587,598 581,121 Total funds eorrl•d fonvurd 590,100 587,398 All gains and losses recognised in the year are included in the Statement of Financial Activities. All income and expenditure derive frorn conlinuing activities. 14 WELSH BLACK CArrLE SOCIETY BALANCE SHEET AS AT 51 DECEMBER 2024 2023 2022 Notes Flxod Assets Tangible assets Investrnents 110,554 114,020 10 50,047 29,639 140,601 145,059 Current As8Ot8 Stock 1,000 1,000 Debtors 30,739 28,170 Cash at bank and in hand 12 229,149 225,071 260,888 254,241 Current Llabllltles: omounts falling du• within onè year 13 111,3891 110,5021 Net current a88Ots 249,499 243,739 Not aSSOts 590,100 587,S98 Ineom• Funds Unrestricted Funds General Fund 15 590,100 387,S98 590,100 387,S98 Approved by the Trustees ol the Welsh 81ack Cattle Society on 29th August 2025 and Sign￿ on its bèhalf by.. Mr. Edward Ll Williams 15 WELSH BLACK CArrLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Aeeounling polieie8 The principol occounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Ba81¥ of propuratlon The f inonciol statements hove been prepared In occordonce with Accounting and Reporting by Charities: Statement ol Recommended Proctice applicable to chorities preporin9 their occounts in occordonce with the Financial Reportin9 Stondord applicoble in the UK ond Republic of Ireland IFRS1021- (Charities SORP IFRS10211, the Financial Reporting Standard applicoble in the UK and Republic of Ireland IFRS1021 and the Charities Act 2011. The f inancial statements are prepared in sterlin9, which is Ihe functional currency ef the entity. The Welsh Block Cattle Society meets the definition of a public benefit entity under FRSIO2. Assels ond liabilities are initially reco9nised at historic cost or transaction volue unless otherwise stated in the relevant occounting policy nete. bl Preparation of aeeounts on a going eoncern ba818 The Trustees are of the opinion thot there are no reasons why the charity accounts should not be prepared under the going concern provisions. Incomo ro¢ognltlon poll¢lo8 Items of income are reco9nised and included in the occounts when all of the followin9 criteria are met- The Charity has entillement to the funds,. Any perforrnonce conditions ottoched to the ilems of income have been mel or are lully within the control of the charity,. There is sufficient certointy that receipt of Ihe income is considered probable,. and The amount can be measured reliobly. Subscriptions ore accounted for in the period to which they relote. Income from services are accounted for when the services are provided. dl Expondlturo und Irrocov•rabl• VAT Expenditure is recognised once there is a le901 or constructive obligation to make o poyment to o third porty, it is proboble that settlement will be required and the amount of the obli9ation can be measured reliably. Charitoble activities include expenditure associated with projects and include the direct costs ond support costs relating to those activities. Fund a¢¢ountlng Unrestricted funds ae avoilable to spend on activities thot further ony of the purposes of the charity. Designated funds are unrestricted funds ol the charity which the trustees have decided ot their discretion to set aside to use for o specif ic purpose. Restricted funds can only be used for porticular restricted purposes within the objects of the charity. Restrictions orise when restricted by the donor or when funds ore roised lor particular restricted purposes. 16 WELSH BLACK CArrLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 A¢¢ounllng pollel•8 Tanglbl• flxod us80ts Fixed ossets are slated at cost. The cost of minor additions or those costin9 below £IQO are not copitalised. Depreciation is provided on all assets in order to write down the cost or voluation of fixed ossets to their expected residuol volue in equal instalments over their expected useful lives os follows.. Buildin9 Office Furniture ond Equipment Computer Equipment io. 35.1. gl ￿bt018 Trode and other deblors ore reco9nised at the settlement omounl due alter any trade discount offered. Prepoyrnents are Valued at the omounl prepaid ofter takin9 account ol ony trade discounts due. h) Cash ai bank and in hand Cash at bank and cosh in hand includes cash ond short-term deposits. Cr•dltor8 and provl$lon8 Creditors ond provisions ore reco9nised where the charity has o present obli9Otion resulting from o post event that will probably result in the transfer of funds to a Ihird party ond the omount due to settle the obli9Otion can be measured or estimated reliobly. Credilors and provisions are normally reco9nised at their settlement amount after allowin9 for any trade discounts. Flnun¢lal In8trum•nts The charity only has financiol assets and financial liabilities of a kind thot qualify as basic financial instruments. Bosic financial instruments are initiolly recognised at transaction value and subsequently measured ot Iheir settlement volue. L•gal Statu8 of th• Trust The Trust is a Chorilable Incorporated Or9onisation re9iStered with the Charity Commission on 14 Jonuary 2015. 17 WELSH BLACK CArrLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 ICONTINUEDI 2024 2023 3. Subscrlptlons and donatl•n8 Subscriptions President's donution 23,350 20,305 1,000 Sponsorship and uwards 930 460 24,280 21,765 4. Income from charltable a¢tlvltlo8 Registration fees Privato Hèrd Books, Volumès ètc. 25,531 25,423 5,998 4,182 The Journal.. Advertising Auction levies 2,400 1,760 2,875 5,098 Auction comrnission 2,875 5,098 Transfer fees 2,058 1,410 Steer pedigree certificate Prefix fees 3,960 4,200 250 550 41,923 44,727 5. Income from ¢ommerclal operatlons Rènttsl incom• 1,940 1,940 Catering income Website advertising Sole of Straws 14,655 15,420 50 41 Other incoma 719 505 17,314 15,822 O. Investmont Income Income Irom National &vings Bank 629 189 Bank int•r•st 4,250 3,194 4,879 5,583 18 WELSH BLACK CArrLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 ICONTINUEDI 2024 2023 7. Total Ro8our¢os expended Wages ABRI Breed Plan 18,015 17,652 4,680 5,815 Printing Herd Book Publieity Sundry printing Expenditure at shows, auctions and events Photographs and engraving Travel costs 2,225 5,720 5,055 4,978 5,515 5,860 4,618 287 252 535 Semen purchase and collection 570 Dèpraeitstion 5,208 5,208 Governance costs 6,044 6,181 Support costs 37,206 50,225 85,694 79,418 Analy61s of govornoneo und support eosts The charity initiully identifies the costs ol its support functions. It then identifies those costs which relate to the gov•rnance function. All eosts are in raspecl of thè charity's principal objectivas. 19 WELSH BLACK CArrLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 ICONTINUEDI Goneral Support Govomance Functlon 2024 2023 Salarl 7,756 4,654 12,410 11,816 Ront, rotos and Iightlng Insuraneo$ 8,313 8,315 7,359 2,855 2,855 2,683 W?b8ite 5,022 5,022 55 Stationery, p08tage and telephone Software 5,090 5,090 6,202 2,201 2,201 1,874 Sub8crlptlons Indepondvnt vxamlnatlon Professlonal fo08 802 802 324 1,990 1,990 1,750 Ropalr8 and ronewa18 Bank charges Bad debt 185 185 490 766 766 234 4,581 4,581 2,655 Depreciution Other 198 198 203 1,497 1,497 721 37,206 6044 43,910 ,406 20 WELSH BLACK CArrLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 ICONTINUEDI 6. Analys18 of 8taff c08ts. trust00 remuneratlon and oxpen808 and the c08ts of key management Person￿1. 2024 2023 Wages und salaries Pension costs 30,256 29,168 769 280 31,025 29,448 The avera9• number of full-tim• aquivolent employ8•5 wa5 2 (2025 - 2). No èmploy0è5 had èmploye• benefits in excess of £60,000. There were no prepaid pension puyments or occruals of pension costs at the year-end (2025- NIL) Tho kèy muntsgem•nt personnel of thè chority aro ils truste•s. No fo•s or soluriès wèrè paid to tsny IrustO0S during thè yaor (2023- NIL). No rèpaym•nls wèrè madè tts any trus1•• for èxpènsès incurrèd (2025- NIL). No charity trustee received payment for prolessional or other services supplied to the charity12025- NIL). 9. Flxed as8et8 Land and Bulldlng8 Furnlture and Equlpment Total Costs At l January 2024 163,576 51,000 214,442 Additions At 51 December 2024 163,376 51,000 214,442 Depreclallon At l Jonuory 2024 Charge for the yeur At 51 December 2024 50,589 50,035 100,422 5,208 198 5,466 53057 50,231 103,888 Net Book Value At 51 Doeombor 2024 109,719 855 110,554 At Sl Decernber 2023 112,987 1,033 114,020 21 WELSH BLACK CArrLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 ICONTINUEDI 10. Inv08tment8 Openlng Balance Closlng Balance Tranuforred National Sovings Bonk Invostmont Aceount 25,639 408 24,047 National Savings Bank Incorne Account 6,000 6,000 29,659 408 30,047 All the investrnent assets are in the United Kingdorn. 2024 2023 11. Dobtors Trade Debtors 14,089 11,609 Oiher debtors 16,050 16,561 50,759 28,170 2024 2023 12. Cash at Bank and In Hand Gènèral Account 9,595 9,568 Deposit Account Breed Development Account Cash in Hand 219,577 215,524 129 129 50 50 229,149 225,071 2024 2023 13. Croditors: amounts falling duo wlthin ono yoar Taxation and social security Accruals 1,753 859 9,036 9,645 11,589 10,502 22 WELSH BLACK CArrLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 ICONTINUEDI 14. Corporatlon Tax The charity is exempi from tox on income and gains falling within section 505 of the Taxes Act1988 or section 252 01 the Taxation of Chargeable Gains Act1992 to the extent thut these are applied to its charitablè objectives. 15. Fund8 Unr08tr1ctod lund8 Bulanco 31 December 2023 Balance 31 December 2024 Incom? Ex￿ndIture Generol Fund 587,398 88,390 85,694 590,100 Unrestrfcted fund8- prevlou8 year Balance 31 December 2022 Balan¢? 31 December 2023 Ineomo Exponditur• General Fund 581,121 85095 79,418 587,398 16. Analy81s of Fund Balances kntwoen Net Assets as at 31 Docember 2024 Total 2024 Total 2023 Genoral Fund Fixèd ossèts 140,601 145,059 Cash at bunks and in hund 229,149 225,071 Other net current assets 20,350 18,668 Total Net Assets 390,1(K) 387,398 Sufficient rosourcès or• hèld to •nobl• etsch lund to b• oppli•d in occordaneè with the r•striclions irnposed. 25 WELSH BLACK CArrLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 ICONTINUEDI 17. Prlor Year Statoment of Flnanclal Actlvltles for the year endlng 31 Decembor 2023 2023 2022 Income Subscriptions and donations Incoma from trharitable octiviti•s 21,705 25,012 44,727 47,792 Income from comrnercial operations Investrnent income 15,822 14,049 3,383 430 Other incoma Total Income 85,695 87,285 Expondllure Expendilure on charitable activities 79,418 78,095 Not expondilurè and net mov•m•nt in fund5 from tho y&or 6,277 9,188 Reconclllatlon of knnd Total fvnds broughi fonvard 381,121 371,993 Tolal funds carrled lorward 387,398 381,121 All gains ond loss•s recognisèd in th• yoar orè includ•d in th• Stol•m&nt of Financiul Aetivitias. All income and expenditure derive from continuing activities. 24 # **CYMDEITHAS GWARTHEG DUON CYMREIG WELSH BLACK CATTLE SOCIETY** Patron: HRH King Charles III **President 2023-2024** Mr Emyr Jones ## **Minutes of a meeting held at Bala Golf Club, Penlan, Bala, Gwynedd, LL23 7YD On Saturday, 21[st] of September 2024 at 5.30pm** **In the Chair:** Mrs Marian Phillips, Chair of Trustees ## **Members present:** The attendance register was signed by **56** members. ## **1. Chairman’s welcome** The Society Chairman, Mrs Marian Phillips, welcomed and thanked all members for attending the Annual General Meeting. Chair thanked Mr Emyr Jones and the family for an exceptional open day this afternoon and for all their hard work preparing everything. A minute’s silence was held for those who have left us since the last AGM: - Mr Islwyn Williams - Alwyn Jones’ Father-in-law - Mr Robert John Evans, Gwern-Cynyddion - Mr Elwyn Anwyl Roberts, Llechlwyd, Tywyn. - Mrs Eiriola Williams formally of Pentre, Cwmtirmynach. - Mr Gwilym Jenkins, Tynygraig - Mr Islwyn Owen - Mrs Williams (gwraig Elfed Williams Padog) - Mrs O G Thomas ## **2. To receive apologies.** |Mr, Richard Bowen|Mr. Douglas Pennant|Mrs. Sue Williams|Mr. Glyn Jarrett| |---|---|---|---| |Mr Hugh Williams|Mrs. Jessica Evans-Williams|Ms. Sue Plant|Mr. Huw Williams| |Mr & Mrs Les Preston|Chris & Meg Thorpe|Mr Trefor Jones|Arwel & Sioned Jones| |Mrs. Gillian Lewis|Mr. Richard Stacey|Mr Iolo Davies|Mrs Beth Rees| |Mr. Carwyn Thomas|Mrs. Fiona Thomas|Ms. Lorraine Howells|Meirion & Mair Botwood| |Miss. Angaharad Davies|Mr. Meredydd Ellis|Mrs. Marian Williams|Mrs. Gwenfair Jones| |Mr. Sion Wyn Jones|Mrs. Rhiannon Thomas||| ## **3. To confirm the Minutes** (Printed with the Notice) **of the Annual General Meeting held on Saturday 23[rd] September 2023 at Woodlands Holiday Park, Tywyn.** It was proposed by Mr Gareth Roberts, seconded by Mr Ieuan Evans, to approve the minutes of the annual general meeting held on Saturday, 23[rd] of September 2023 at Woodlands Holiday Park, Tywyn as a true record of what had transpired at the meeting. ## **4. To consider matters arising from the minutes.** **4.1 (18.1 – Trophies)** – Bull and Female of the Year Trophies have been located, and final decision will be made at the next Council meeting in October. **4.2 (18.2 – Annual Volumes)** Office have put together a list of all available annual volumes. ## **5. To receive a report from the Chair of Trustees** _– Mrs Marian Phillips_ Chair gave an overview of activities over the last twelve months. Trustees and Council members have been making decisions, a young members club has been established with over twenty members, secretary attended Okehampton and Agri Expo and following the success will be attending again this year. Zoom information evenings were also arranged for Bodysum Inspecting and Johnes Disease. A group of the Society members attended an information morning at the Senedd in Cardiff to promote the Welsh Black Cows to the ministers. Officials have also met with Streamline Catering as members can see the Society is dependent on the catering income. Trustees and Council members are always open to the members ideas. ## **6. To receive the Accounts and Balance Sheets and Accounts for the year ending 31[st] December 2023.** (Printed with the notice). Mr Edward Ll. Williams gave a detailed report and highlighted a profit of £6,277 for the year ending 31 December 2023. Three important incomes include, subscriptions, registrations and sales commission, these are alittle down on the previous year. Commercial operation which includes the rental of the Pavilion to the Welsh Kennel Club and the catering income show the importance of this on the Society accounts. Trade debtors are lower than previous years as the Office staff have been working on this, and continue to do so. ## **7. To appoint W. J. Matthews & Son, Bridge St. Caernarfon as the Society’s Accountants.** It was proposed by Mr Ioan Roberts seconded by Mr Meredydd Jones and all were in agreement that Messrs W.J. Matthews and Son should continue as the Society Accountants and this was agreed. ## **8. To appoint Harrisons Solicitors, Welshpool as the Society’s Legal Advisers.** It was proposed by Mr Alwyn Jones, seconded by Mr William Davies to re-appoint Harrisons Solicitors LLP of Welshpool as the Society Solicitors and this was agreed by all members. ## **9. Presidential Address –** _Mr Emyr Wyn Jones_ Mr Emyr Jones thanked all members for the privilege of being the Society President. President thanked Mrs Marian Phillips for being the Society Chair, thanked Lynfa and Karen at the Office for their continuous work and support. Thanked all members for attending the Open Day this afternoon, and a thank you to Emyr Evans for the hire of the tractors and trailers. Congratulations to all members for competing at the Royal Welsh Show, this was a great advertisement for the breed and thank you to all that exhibited at the local shows and it was a great shame the new TB rules affected these numbers. ## **10. Presentation of 2023 Awards:** ## **10.1 Presentation to Mr Glyn Jarrett:** Council recommended presenting Mr Glyn Jarrett with a Border Fine Art Welsh Black Bull for his contribution to the Welsh Black Cattle selling the cattle at Farmers Marts for many years. Mr Glyn Jarrett had sent his apologies, but the Society would arrange that the Bull would be passed onto Mr Jarrett as soon as possible. **(k) The Herd of the Year Trophy** to **Mr. Lewis R Williams, Tyddyn Bach, Llanfachreth, Dolgellau** on the performance of the MACHRETH Herd - **(l) Herd of the Year Trophy (Small Herds)** to **Messrs. Edward Roberts & Sons, Ty Mawr Farm, Dolgellau** on the performance of the OBELL Herd - **(m)The Ty’n-y-Bryn Challenge Cup** is awarded to the vendor of the highest priced bull at one of the Society’s Sales, this trophy is awarded to **Messrs. E W & M M & Dewi Jenkins, Tynygraig, Talybont** for the performance of TYNYGRAIG SAMUEL 5[TH] Vol. 111 born 01/05/2021 that sold for 10,000gns at Dolgellau January 2023 Show & Sale to Mr. William R. Pughe Jones, Ysguboriau, Tywyn. - **(n) The Caerberllan Perpetual Trophy** is presented annually to the vendor of the highest priced female at one of the Society’s Sales and on this occasion the Caeberllan Perpetual Trophy is awarded to **Mr. I G Roberts, Tryfil Isaf, Llanerchymedd, Ynys Môn** on the performance of TRYFIL CELYNEN 19[TH] Vol 110, born on 12/05/2021 sold for 3,650gns at Dolgellau's 2023 November Show & Sale to Miss. Elin Fflur Williams, Adwy’r Nant, Pantglas, Garndolbenmaen. - **(o) The J O Pritchard Memorial Challenge Cup** is presented to the vendor of the highest priced heifer under two years of age, sold at one of the Society sales. The successful member is **Mr. G.C Williams, Tyddyn Deicws, Gwytherin, Abergele** on the performance of DEICWS GLAIN 9[TH] Vol 111, born 23/05/2022 sold for 2,550gns at Dolgellau's 2023 November Show & Sale to Nixon Farms, Gwllynen, Cwmbach Llechryd, Builth Wells. ## ROYAL WELSH WINTER FAIR 2023: - **(p) The Castell Challenge Cup** is presented to the Breed Champion at the Royal Welsh Winter Fair 2023 and will be awarded to **Owen Bros, Bronferiaeth, Glan Conwy** on the performance of CHWAEN CAI - **(q) The Dolwen Challenge Cup** is presented to the Best Pedigree Welsh Black Steer at the Royal Welsh Winter Fair 2023, and will be awarded to **Owen Bros, Bronferiaeth, Glan Conwy** on the performance of CHWAEN CAI - **(r) Farmers Marts Award:** £300 awarded to the Champion and Reserve Welsh Black Champion at the Royal Welsh Winter Fair 2023: 1. Owen Bros, Bronferiaeth, Glan Conwy - £200 2. Edward Jones (Radnor Hills), Heartsease Farm, Knighton, Powys - £100 ## **11. Young Member Ambassador** Mr William Jones, Maes y Pandy, Tywyn, Gwynedd Mr William Jones, thanked the Society for the honour of being the Young Ambassador for the past twelve months. Supporting the Society Tradestand at Agri-Expo and Winter Fair, exhibiting at the Winter Fair and Royal Welsh Show. Judging at the January Sale with Malcom James and establishing the Young Members Club and being the voice of the Young Members at Council meetings. **11.2 To present the Young Member Ambassador’s Perpetual Trophy for 2024-2025 -** Mr Ben Williams, Garth Uchaf, Nr. Cardiff Council proposed that Mr Ben Williams, Garth Uchaf Farm would be the Society Young Ambassador for the upcoming year, chair explained that Ben is a third-generation farmer that have over 50 Welsh Black Cows, and have recently opening the farm for a day annually to give the public an opportunity to learn more. Mr Ben Williams, thanked the Society for this honour and would be looking forward to the year ahead. Following advice from the Young Member Ambassador, the Council agreed that a Young Ambassador elect would be put into place, and Mr Deio Williams, Pentre would be the Young Ambassador Elect. ## **12. Election of Officers: 12.1 President** Chair thanked the outgoing president for the support over the last twelve months, and it was a great pleasure to welcome Mr Alwyn Jones as the new President for 2024-2025, an auctioneer and breeder which has given a lot of time to the Welsh Black World Conference over the years, and as a Society we wished him all the best on behalf of all members in his term of office. ## **12.2 President Elect** It was proposed by Mr Alwyn Jones that the office of President-elect should be bestowed upon Mr William Davies, Brynglas, Ponterwyd. Mr Emyr Jones seconded. This was agreed by all. ## **13. To present the President’s Chain of office for 2024 – 2025** Mr Emyr Jones handed over the Presidential Chain to Mr Alwyn Jones. Mr Alwyn Jones thanked the Society and the members for the great honour of being the Society President for the upcoming year, he was looking forward to supporting the Society over the next twelve months. It was great to see such a turnout of Welsh Black Cattle at the Royal Welsh Show this year, with a lot of young members exhibiting the cattle. Mr Jones explained his Welsh Black roots went back to 1805 to the ‘Aran’ prefix, then the ‘Dolwen’ before establishing the ‘Graig-y-Forwyn’ herd, it’s an honour to see the grandsons now exhibiting and establishing their own herd of Welsh Blacks under the prefix ‘Elwy’. Mr Jones also shared he would be running a raffle over the next twelve months for a chance to win a Welsh Black Heffer or £1,500 cash which would be announced in September 2025. ## **14. Election of Trustees:** Chair thanked Mr Meredydd Jones and Mr Dilwyn Jenkins for their support throughout their term of office as members of the Trustees, as now both will be stepping down. Two new vacancies had arisen, and the following nominations had been previously received: - Mr. Chris Thorpe - Mr. Kevin Thomas - Mr. Michael Wyn Jones - Mr. Richard Stacey Election papers will be handed to all full members of the Society by the secretary; members will then be able to vote for two members to serve for the next term of office. Following the counting of the voting papers, the new Trustees will be Mr. Michael Wyn Jones and Mr. Chris Thrope. ## **15. To move a vote of thanks to the retiring President, the officials and staff of the Society** Mr Ioan Roberts provided a comprehensive vote of thanks to the retiring president, Mr Emyr Jones and family for the great open day, he also thanked Mrs Marian Phillips for chairing the meeting this afternoon along with Miss. Lynfa Jones and Mrs Karen Groombridge for their work in the office throughout the year. Mr Roberts also thanked all the members for attending the Open Day and the Annual General Meeting, and thanked all the breeders for their continuous support. ## **16. Any other business.** **16.1 Johnes Disease:** Mr Bruce Lawson would like to take note of the comment in regards to Johnes Disease in Mr Richard Stacey’s statement as the Society’s work over the years with Johnes Disease testing has been successful, and would like to congratulate the breeders for continuing to test their herds as this is the only way to continuing to control the disease. Mrs Marian Phillips, thanked everyone for attending, and wished all a safe journey home. ## **Meeting closed at 19.15pm**