Charity Commission British Goat Society Reglstratlon number. 210646 Annual Report and Finanelal Statements 31 October 2025 dOdd&co
Brltlsh Goat Society Contents Tnjstees, report Tmstees. resptsnslbllltles Independent exarnlners report S¢aternent of ffinancial activities 10 Balance sheet 11 Notes to the ffinancial statements 12
Brltlsh Goat Soclety Trustees. Report for the Year Endod 31 October 202S The trustees are ple8Sgd to present their report togethar wlh the ffinancial siaternants of the charity for the year ending 31 October 2025_ The financial statements have been prepar8d in accordance wllh the a¢counting policies set out in the notes and comply ryth the ¢haritVs govemning document, Ihe ChErities Act 2011, amd Accounting and Reporting by Ch8riti8s.' Ststement ol Recc*nmgnd6d Pradlce applicable to ch8rities preparing their accounts in accordanrA wilh the Financial Reporting Standard applicable in the UK and Republic of Irelsnd IFRS 1021. ce aodadmlnlstratlv Princi al QtfjG&'. PO Box 137, Swdnley, Kent BR8 9BW .. D(Kld & Cts, FIFfEEN ROsehl, Montgomeryway, Rosehill Estate, Carfisle, Curnbria CA1 2RW Eatht8'. Lloyds Bank PLC, Fore Strget, Ok8harnptL¥). Devon, EX20 1 HJ &too% The Trustees sarndng during th8 year and sinGe the y8ar-end ad any offices h&kl or other 8P8cial r88ponsibiliUeswere 88 follows.. PresldÈnt= Vacant PrevFOUS Presidant entiued to serve as Committee member.. Mrs M Hardman lil Chalm)an.' Miss 8 Fairfey lrnl ico<halrn.' Mrs M Hardman lil. MT8 A Altken111 other Committ98 members.. Mr T Baker lil Miss H Campbdl O'l DrJ Cdbeck Ic,ql Mr M G81bralth Mrs V Hardy Ihl Mr J Matthews Ic, ql. Mr T O'Neill Idl (ol Mr C Newton IQ Dr A Sieker Ipl Mrs R Sparkes Irl Mr G Webster Ibl Mr C Williarns Igl Custodlan Trustees (not necessarilycommitteel r D Bra¢e Mr B Pery Mr R Wood Other elected Offi¢ers Inot Commthel Mr M Ackroyd Ikl Mr T Gatry Irl SoGlety Secretary (to thom the day to day man8gem8nt is delegated by th8 tharitys trusteesl= Mrs R Fox {al Inl- Alg Joumal Editor Ilhe elected oftiTrrptsst being vacantl lal Archivist, Ibl CtsmmercSal Liaison Officer, Icl Goat Health & Welfareco-ordinator. Gov8mment Liaison Officer and Sclentific L18I50n Offlcer, Idl Hgrd Book & &assroots Officer, lel Honorary Solicitor, (Q Overseas Repr8sentative, Igl Public Relations Offic8rlCommunirAtions, Ihl Puhlipity Officer, lil Show C(FOrdinator, til Web Manag8r, Ikl Year Book Edltor, 11} Milk Recordlng Ctrordinator, Im) Flnance Offic8r. Inl Journal Editor. lo} Al COrdInatOr. Ipl Publicaty"ons Co-ordinator, Iql Goat H&aKh & Wellare Officer, Irl Liriear Assessm8nt cOrdInator Thè BriSh Goat Sou8ty is regist8red as a charity with the Charity Commission. It Is govemed by tts Rules and ReguSations. which date back [0 1879 and are regularfy amended to allow lor current govemance angerneftts. A Committ8è of eleeted members rn8nagès the chailty. All rn8rnb8rs are arcuSated with inwtations to nominate Cornmittee members for election on a tri-annuÈl basls. Thg Committee consists of 14 eleclèd mèmbers, the Pr8sidènt and the previous Presldent. who are all enliued to vote. Page 1
British Goat Society Trustees. R•port for the Yèar Ended 31 October 2025 Committee inducti New Committee members receive an induction pack to brief on their18gal obligations under charity law and the rnanagemgnl and op&r8tion of charity. A Eollection of jDb descriplions oudining the duti88 of each Hon. OffS¢w is also in¢luded. Or anisatlon The Committee administers the charity. Four Committee rneetitvJs are hdd each year, two of these arg fgee to face in p8rson rneetings, I7th further meetinos via video link as and wh8n required. There are cUntlY three sub*raups which 8r8 181 Adtnin & Flnanco Ibl Herd Book, Shows and Milk R8cording {cl Cotnmunlcatlons, Publicily & Website. Relat& The tharity delivers many of its obj8CtivÈs through partnership rkIng with its Affiliatod Soci8ti8s. including the various Breed Societigs. Thare is no formal raprasentation of these psrtner5 Oll the Committee. Risk Mana 6ment The Commiltee undertakes annually to identify and review major risks the ch8rity rnay fa. This infomiatyon is used to develop a risk regSster which records the sy818ms and proc8dur85 whith th8 charity will implement to mitigate the risks that have b88n id8ntified and to Tninimise the impact on the eA8rity should any of those rt5ks materlallse. A key element In the mgn8g8m8nt of financial 15 the setting of a reserves policy and its regular review by the CcKnnNi(ee. ectlves •nd activit185 The object5 of the charity are.. To circulate knoedge and general infomiation upon goats. To extend and encourage the kegping of goats. 50 8S to increase the prtsduction and use of their products. To improve the various breeds of goats and especially io develop Ihose qualiti8s which are generally recognised and valued. To safeguard ag8inst (yuelty from whatever source. In fUrtheTan of the foregoing objects but not further or otheNAse, the so01Y sh811 h8ve Ihe tx)wer to further the wellbeing of the gtral and fulfil its role as the focal point for all goat keeping activities in th8 United Kingdom. includlng close lialson wlh relevant Govemment departm8nl8. The charity has the general aim ol providing a ser¥ic8 for all who 8re inter9St8d in goat keeping. Thls Is achieved Und the broad headings d85cribed below. In planniThJ our aclivitres for the year the trustees have Complied wth the duly in the Charities Act to have due regard to guidance published by the Charity Commission on publ benefit. In pafawlar. the British Goat Society concentrates on the 8dvancernent of education and the advancement of animal husbandry through the following aclivilies and puEA1eats. Production 0fMOnth1 Lutllal&AD XoLrRoo& Ld mana The Monthly Journal is published 11 tmes per year and contains ne% of cuThent legislats"on. artlcles, photographs and carries advertisernents. mentLf the website www.british oatsocie .com The Year Book is published annually and Ix)ntain5 articles, photographs and infomiabon on awards won at shows. The website acts as a hub to make contact wth many other goat~keeping organlsations, suppliers and indidUal¥ as well as providing current and long.term infomation aul g08ts in Ihe UK and Wortdvde. P#ge 2
Brltlsh Goat Society Trusteès. Roport for thg Yfjar Ended 31 October 2025 duc nnual H A Herd Book is published annallY detaillng all new regK5tr8tlons, officAal milk r¢cording lactations and various awards won at shows. Conference Each year Autumn Conferences are held in ¢onjunclion wth and hosted by Affiliated &)clettes. These events prowde the opportunity for anyone interesled In goat keeping Io rn9gt and share information. MSlk rec4rding and awards at shows are ided indicators of the potential productiwty of goat8. The Society actively prornotes the improv8rn8nt of milk elds. Memb8rship'. at end of October 2025 Member5 FamSly M8mb8rs Partnership Members Lrfe Members Affilia¢ed Societi85 Totals 601 16 111 25 20 18 107 21 16 770 There were 58 prefix applications approved thls year, a iJ8crease from 67 the previws y8ar. 1,728 reglstralions wer& processed %thich was a drop on lh8 pr8vious yeals figure of 1.826. Out 011,728 registr8tions. 1,298 were completsd online. During the same pericKI 1.117 transfers wts complet8d a slight decrease on th8 premous year of 1,358. There were 157 servic8 Certificates o)rnpleted online. The use of Grassroots by fflembers Is increasing y88T on year. The total numb8r of shows in 2025 was 74 whSch is three less than in 2024. Movement restrictions due to Bluetongue particu1arty affeded entries al the earfy shows. Apart from th8 very earty shows there was no mov8ment of animals between Scotland and England. The Welsh shws wore also affected with no goats at any shows in W81es after the Welsh Spring Show in May. Sadly some shows had less than 10 milkers present Mthich gives the Comrnittee concern plus ther8 W8re several male sw$ nth between on& and thre8 ma18s present. On a much more po81'Ve nol8 th818 were some 8xcellent milk yields in 2025. Six goats milked over 8kg- 8everal on more than one caS1On - twy) of them mllking over 9kg, htsw6ver, the highest yield was 10.45kg - just ovèr 18 pinls of Milk. Stars and Q's were gained by 44 goats164 in 2024 and 53 In 20231. Fiv8 f8male goats liwo In 20241 and one ma18 goat lon8 in 2024) gained ihalr full championship. There were 10 famale breed ehampioDS 115 in 20241. two ma18 breed champlons (the same as 20241 and two fema18 British Goats of Merit (six in 20241. Despite the challenges of 2025 the overall $W succ8S5es are vÈry pleasing. Pao8 3
British Goat Society Trustees. Report for the Year End•d 31 O¢tobor 2025 Milk R8cord' The British Goat Society IBGSI Milk R8GcKdir¥J Scheme enables members of affiliated BGS mlk recording dub5 to obtain milknng performance dat8 of their Stock over a lactation period, or in some c8ses. an extended lactstion p6ri0(J. The y'eld, average butterfat and aVere protein analysis figu$ ol an Indlvidual animal, providing they meet the minirnum standards defined ¥wthin the Scheme. are officially verified 8nd recorded as a mllkSng awar(I prefix thIch forrn5 parl ol the goal's regisiratlon dotalls. A qualifying mÈlk recorded goat's figures cary through to her progeny (featuring in both rnale and female offspring) and sarve as evidence of lactation p8rform8NC8 to potential hobbyist and cornrnercial purchasers both within the UK and worldwide. Prior to verifi¢8tionlpubli&glion, 18etation figures a carefully scrutinlsed to ¢onlim) )mplIanCe with the milk reeording scheme rules, any questionable 18Ctalion certificate data 15 referred to committee for discussionldecision. It is very imwrtant to maintain the schgm8'5 int8grily. The BGS currently has clubslgroups offering a fflilk recording seMc4 In dlfferent afeas of the UK. on8 in Scouand an4J the remainder in England. These dubs are run by vo5unteer secretaries who monthly collate and send members. mllk samples to the laboratory for analysi8. Th8y maintain det8i18d r8suIt5 records, disthbute results amongst rnembers and administer the finances associated Vth milk recording. Th8 BGS is indebted to all rnilk recordlng secretaries for their d8dicAtion in promding this Servi to milk wording members. The BGS committee has arranged ctsnsultalive meetings 1th MR s8cr8tari88 181ating to issue5 relevant to the scheme and their rdes. Every year, goats whose figures achiev8 lh8 minimum qu81ifyryng stsndanl have their detali s wblished in the BGS'S Heid Book. these achT8vements can also be viewed by members on4ine Grassroots. The BGS CoMmitt80 k8 fully aware of challenge5 for mllk recording members and secretaries, but. thllst always acling in compliance Ntrith stherne rules, there is a continual 8GS drive lo rew8W the 8cheTrE in an attempt to identify ways of making il more appe811nal1ra1v8 to Membe airned al increasing Ihe number of mllk recorded goats. The 8GS committee is supportiv8 of and s88k8 to 8nrA)ur8g8 rnilk recording members thenever possible. Liaison &vernmenl departments is OnoIng. Mr Matthews Bsc BVMS MRCVS has continurJd in the role as the Society's HonoTary Goal Health and WelfÈre Officer. He 8ttends meetsngs on thè SotAety's behalf, and reports on these Ihrough the month Joumal and in person to the Commlttge when appTopriate. Th8 Brihsh Goat Society and the Goat Veterinary Swely enjoy an eX18t working relationship which is greatly vÈlued by the British Goal Society. The Goat Vat8rinary sOetY has prodUd a questionnaire, which will be distributed to BGS members and other intgrested groups this spring. The British Goat Society continues to monitor th8 incid8nc8 of CAE positive goats bEing Corded by the testing labor8tories. The submL%sion forms f( GAE lest submissions by members have been modified lo Include a declaration that that memb8rs' goats are not in contaGt th sheep that are not free from Ma8di ifjsna ViTUS. a virus similar lo CAE that can b8 transmitt8d to goats. Th8re is also ongoing discussions wth th8 Gtsat Veterinary Swety about control of th)hS disfjase. Th8 comm8rdal goat sector remains f8lrty st8b18 with the majority of larg6 producers well established and ryth long term contractslortheir produce. Smaller, artisan producers 8re continuing to develLV goat products and som8 new on85 8ntering the sector there is a good var¢ely avai18b19 lch helps io support the market. Th9 constraints on rnilk production are easing sllghly and the m8at makkel continues to irnprovè. Thère is now capaaty at abattoirs to deal with goats p8Y due to shrinkage in the national sheep flk as well as 8 r8du¢tion In sucklercattle and dairy herd numbers and overall meat prices, induding goat M8at. have imyoveil. Many herds havo b8tter developed br88ding programrne5 to irnprove the quality and productivity of th&ir stock and Al is being used to introduce needed genetic material. A proj8Ct to dèvÈlop saxad semen 19 ongoing which if successful wll allow h8rds to use 6xpensive semen MO effectiV81y. He81th and w81far8 remain a lop priority, especAally wilh the increasing inter@st how food is produced from customgr8 8nd other intere5t8d bodies. Pag8 4
Brltish Goat Society Trustges. Report for th8 Year Ended 31 Odobor 2025 Both these functions are monitored by Mr Matthews, MRVCS for issues of relevanc8 to BGS member& Any ch8nges are notified to members via the MLthlY Journal and induded tsn the web sit8. The BGS social media presence continu8s to grow wth its availability to both BGS mernber$ 8nd non-memberJ. We use the S181 media platfom)$ to shar8 goat rolated artides, information. plclurès and during the show Sgason, show rèsults. The FaCebk page has a great followng which allow3 US to use Ihis to shar8 our off8rings to all of those Interested In the page and BGS content. The plattorm enables the BGS io k88p our fdlowers up to date relevant new5 in all areas of ooat keeping as well as promoting the 8GS as a soci8ty- The BGS has a selection ol rner¢handise which is available to pur¢hase from the shop page IhroLvJh BGS website and al shows. W8 continue to update many of the BGS Snform81ion 18aflets to help thos8 are inter851ed in goat keeping and husbandry, these vary frorn feeding to facts about goat5. All of these are avallable to dowfftload directly from the BGS wabslta. The webin8fB continuo to be a great suecess and reach not only BGS members but non-mèmbers too. The webinars are a gr8at way of information sharino and showng whal the 8GS has to offer wilh regards to areas of inl6rèst. Ov8rsaas LDloto&ts A number of export enquiri8sWe te1ved. These are difficulttr) fulfil du8 10 the limited numwof breeders hav8 the required health status, and the add wrnplic31ions in getting stod( into the EU. The thr8at of Bluetongue could further Itnplicate exrtS in the wning tTh)nths. The British Goat Society websile continues to prOle a user-fiiendly online resource for members and non-members alikg. Accass Is now mainly through smartphones, though compu18rs and tablets remain popar. We ar8 currenuy working to irnprtsve the website. wth 8 partioular focLJS on mobile cotnpabbility. to ensure users have 8a5y and rellable acces5 to the Informati av8ilable. For members. th8 Shows aEa Is the main go-to sectson, In contrast, non4nemb8rs tgnd to seek informaticn on br88d5. husbandry health. wlth particular Interest in pygmygoats. We continue to work dosely wth OWA Di9tal and have recent 8gr8ed an improved support 8groement to k88P ourwebsit¢ running 8t optimum efv.ency 2417. S8men from several males sokl durinu the y8ar. Inibal talks ware made wth a small o)mmerry81 hertl was IntStad In Al and would be k88n lo help hold training days rf It was possible. Semen ¢ollèctions were sadly put on hold again due to the Bluetongue restrithons and additional t#¥ting requirementsfoT mgles. Further wllections 8re Always consldered. Followng the positive feedbad¢, the position of Linear Assessment coordinator was created and 18kan on joinY by Mr5 R Sparkes and Mr T Garry who brings with him a wealth of knowledge M daSsi.Dg from the dairy cattle soctor. A8S8ssmentfomis forfomale d8iry g08ts have been ¢ompl8tèd along wlth a gukl8 including wsual aith. No training or assessments took plac8 in 2025 unfortunately for a variety of reasons. but this will be rectified in 2028. Tha wotking group will rneet in the new yearto di5(yJss further progress Ènd plans of 2026. Pagg 5
British Goat Soclgty Tru8te85' Report for tha Year Ended 31 October 2025 Total incoming resources amounted to £64,496 1£75.831 in the previous yearl. Expenditure amounted to £110,2391£94.113 in the preouS yearl resultlng in a surplus of £13.342. Fixed Ass8t Inv88trnents were valued al £698.7891£680,083 in the previou5 yearl. Total reserves at the year end were £702,364 Df £616,546 were unrestricted and £613,873 were free reserves in¢luding investments. InveslmentpowÉt& alldwlioy 1. C8pit81 grts to cover inflation BS a residual minirnum. wth addthonal capital growth bolng rUlarlY Identifigd as 8 Possible source of income Ifrorn sale5}. 2. "Inveslm8nl for incom8" valuation should be rnainlained at Dember 1998 level by additional investments so that its relative value is not eroded by inflation. 3. Maximum 0vth in value to be Sought in growth investments, consistent low to medium risk. 4. Ma%imum dividends and intsrest consisientbmth low to mlurn risk. Wha Inveslment for incorne i8 mad8. In athVing the alms the lollowng criteria ar8 to b8 applied., No more than 5% ofthe total value of Wid8 Range inv8Stmants io wlth one o)mpany," No more than 20% of the Capital base of ihe BGS to bè invèsted a slngle unit tnjst or investrnent trust or common fvnd., As wide a diversification of investments as POS8ible'. A cash reserve to 85SiSt wth day to day running of the Society of up to £20,000 which must not to be used as part of the definition of Hlgher Risk or Lower Risk inv85tm&nls. Minirnurn charges and m8ximurn intèrèst aré to be obtained from ttie Banks or Building Societie5 involved in these short-tem) accounts. ReGognition needs to be giv&n to th8 fact that banks carry a maximum liabilty to investors of £85,000 per bank group. Th6 pattem of investments ¢onforms to that rgcomm8nd8d by the Clwrity Commlssloners regardirrfJ the distribution between Higher Risk and Lower Risk investments. Th8 r8comrnelld8tions for a1catIOn and dislribubon are defined in Yhe Charities ITrustees Inveslrnents Act 19811 Order 1995.. These recommend that a maKmum of 75% of the inv8Stments shall be Lower RSsk investments and the remainiw 25% in Higher Risk investments. Ilt is pennlssible for soma investm8nis of lh8 Liyr Risk type to be induded In the 75°k of Higher Risk investments. but not victrvetsa.) The Committee (the Charity Trustees as defined by the 1961 Act), h8S aPPOlllted an independent financial adviser with over 15 yea, experien of investment management, and who is an aulhorized person 1th1n the meanlng of the FinanLyal Serwces Act 1986. The advis8r so appointed produces reports and recommendations lo go before each Committee meèting of tha BGS. The Cornrnittee take5 decisions after ¢0MmendatIonS1rOM the advi88r have been considèred. The BGS Secretary informs the ind8pandent finanual aolw5er, in writing. of Committee decisions on investments and it Is on these instrudions that chang8s are to be Made (except In urgent matters- see below). If urgent executive decisions ne8d to b8 taken be(ween Cornmittee meetings, these can be taken by the Ch&mian orthe Committoo aft8r consultstion wth the Vice-chaimien and tWD OtherTrustees of the BGS. Under the 1961 Act the Gtjslodian Trustees 'hav8 no power to tnake fflanagement decisions and rnust act on lawful instruction of the ChHrity Trustees li.e. the Commilt88 of management).. The Committee. whilst r8gnizn9 this formal limitation, wshe5 to record in Ihis p1¢Y its recommendation for the Chairman to Consult ryth the Custodian Trust88s. All urgent actions sanctioned by the Chairman of the Committee must be confirmed in writing (letter or email) lo the finan¢ial advisgr. with copies be¢ng distributed at the next Commltlee meeting. It follow5 that if the financial adviser feels that urgent action is required Ihe first line contact shoulc5 b6 the Chaimian of the Committe8, or in their absence 01 unavallability. the BGS Secretary. Pag6 6
Brltlsh Goat Society Trustees. Report for the Year Endod 31 October 2025 The BGS finanaal policy is placed on the ageThYa of th8 first Cotnmittee Megting after the AGM In each year. where it is reviewed and if neces58ry, amendments made. The financial adviser submits 8ny suggesth)ns for amendment to Ihe polioy to the BGS S8(X8t8ry by April 1sL toggther %*ilh an eSrnate of fees for hi8 services for the follomring twelve mllths. The Committee T&seN85 th8 right to amend the investment policy at any Cornttee meeting. AcY(Jn could indude consultation wth th8 independent finan¢ial adviser. Th8 Socièty 11 keep its working caplial accA)unts at M less than th6 current gross c8Pital budget set by th8 committ88 in August èach year. Whénever necessary. investments should be sokl, at 8n appropriate tlme, to maintain this18V81. Webinars wll ¢ontiriue in 2026 offerlng topi¢s of Intèrost tts both rtew and 8xisting members. Linear Assessment trials wll continue in 2026 Iwth 8mpha515 on signiro up m(xe assessors and providlng traiTring. It is hoped that Linear A85essment will be av8ilatA8 to all members in 2027. Th8 Publicily, Communications and Website subgroup 8rè working towards a website update wlth the aim of improving mobile responsiveness, r8vi8wing contènt to make it more accessible. and adding 8 members. area for ilk recording. detsiled show results. and an 8rchivg of webinars, journals and herd books. Approved bythe Trustees on 11 April 2026 8nd signed on tsiT b8haifby. A Aitke Trustee P8ga T
British Goat Society Trustees, R9sponslbilities in relation to the Finan¢ial Stst8m8nts The trustees are responsibl8 for preparing the Trustees, Raport and the finanaal Statements In accordan wth applicable law and United Kingdom Accountfftg Standards. The law appllcable to chanties in Eng18nd and Wales requi the trustees to ppa financk?I statements for each financial y8ar which give 3 true and fair wew of the slate ol 8ffairs of the Gharity and of the inctsming resourc8s and application of resources of the charity for ihat period. In prgparing these finanal staternents, the trustees are required to.. select suit8EAe accounting rM)Iici85 8nd then apply Ihem consistently., observe the methods and prin¢iple5 in the Charitigs SORP., make judgements and estimates that are rè8son8ble and prudent.. state whether applicable accounting standards havè been followed, subject to any matedal departures disdosed and explained In the finanual statements,. and prepare the financial slatamants on the gcing conc£m basis unl8SS It is inappropriate to pre5urne that the charity wll continue in businès8. The trustees 8re r8sponsibl8 for k8eping proper aceountlng e0rd$ that disdose with reasonable 8ccur8cy at any ts.me the finanoal position of th8 tharity and enable them to ensure that the finan¢Aal statements ¢omply with th8 Charities Act 2011 as amanded by the Charitses Act 2022, the Charity (A{unts and Raportsl Regulations and the prowsions of the trust deed. They a responsible for safeguarding the assets ol the charity and hernce for taking reasonable steps for thè prevanfjon and detedon of h3ud and other Irregularibes. Page 8
Independent Examlnerfs R•port lo the Trustees of Britl8h Goat SoGiaty I report on th8 aocounts of the ¢hartyfr)rthe year ended 31 October 2025. which are set out on pages 10 to 20. Your atiention rs to drawn to the lact that the Charty has pr8par8d the ffnanclal stsiemgnts in accordance wlh Accounting and Reporting by Chariti&s pr8P8ring theiT accounts in 8ccordancL wth the Financi81 Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accountlng and Reporting by Charities. Statement of Recommended Practice issued on 1 )n12006 which 18 referred to In the exlant regulations bul h85 Since been wthdrawn. W6 understand th* thi$ has been done In order for th8 aGCUUnt5 to provkle a true and fair view in acrdance with the Generalty Acceptsd ACCOUnn Practlce eff8¢tiv8 for reporting periods beginning on or aft8r l January 2019. Re$pectlve responsibilities of trusteÈs and èxamlner The Charitys trustees are responsi1e for the preparation of the acwunts. The trust689 consid8r that an audit is nol required lor this year under section 144121 of the Charits'es Act 2011 as arnonded by the Charities Act 2022 (the Act) and that an independent 8x8mination is needed. It Ss my responsibililyto.. èxamine tho accounts under section 145 ofth8 Act., follow the procedur8s18id down in the Gen8rdl Drecbons given ty Ihe Charity Commission under section 145151 Ibl of the Act,. and state fftther particular rnatters have come to my att8ntion. Ba$ls of Indewndont oxaminer's roport My examlnation was carried out In accordance the General Direcli0 glven by the Chartty CoThrnlsslon. An examination includes a review ol th8 accounting recoTds kept by the charity and a comparlson of th8 accounts presented with those records. It also Includes consideratiom of any unusual items or disclosures In the accounts. 8nd seeking explanations from you 8$ trustees nCerning any such ma(ters. The procedure5 undertaken do not prowde all the evidence that would be required in an audit and Consequently no oplnion is given as to ether tho accounts prosgni a llrue and fair and lh8 report ¢s limited to those matters set out in the statement b810w. Indepondent examiners ststemont In conngction with my examinalon, no mattw has come to rny attention.. 11 I which gives mo reasonable caLLse to belSeve that in 8ny malerial respect Ihe requir8ments.' to keep accounting rerdS in accordan th section 130 of the Charities Act 2011 as amended by the Gharrties Act 2022.. and to prepare acrAyJnts thich accord with the a¢o)unting records, with the accounting requlrements of th8 Act have not been mel or 121 to which, In my opinion, aitention shou5d be drawi in order to enable a propbr understanding of the 8¢counts to be rea¢hed. FIFTEEN R05ehill Montgomery Way R05ehill Estate CARLISLE CA12RW nnè linson FCA dd & Co Limrted Chartered Accountants 11 April 2026 Pagg 9
British Goat Society Statement of Financial Activities for the Year Ended 31 October 2025 Unrestrictèd Funds RtstrfctÈd Total Fund8 Total Fund8 Funds 2025 2024 Donations 8fKJ legaues Invastmonls 703 703 10,041 4,909 6Q.881 4239 59,554 64,498 4,239 Chariiable advitsos 59.554 Total IncoTn8 64.496 75.831 Expenditure Raising funds Cl%gritsble activities 4,83J 4.620 4.917 105.619 105.619 89.196 Tot81 expendthJre 110.239 110,239 94.113 Other recognised 9aln5n95S¢5 Gainsllloss8sI on Inv85tnt ass815 52.494 8,591 59,085 84.381 Nat IncA)mellexp8ndltsJr81 6,751 6,591 13,342 66,099 Transfers Gross transfers befven funds Nel movement in funds 6,751 6,591 13,342 86,099 RèconclUAtl¢bn olfund8 Tal fitsnds brought forward Totsl funds c¥Jiod foThvard 609,795 616.546 79,227 85.818 689,022 702,364 622,923 689,022 Tlp rK>t&s on pages 12 to 20 form an inlegral pgrt of those finanLyal statements. P$10
Brlilsh Goat Soclety Balance Shèet 88 at 31 October 2025 2025 2024 Note Fixed assets TangitrAe assets lftvestments 11 12 2,673 698,789 701,462 3.258 680.083 683,341 Cuyrent a$t8 Stocks and work in progress Oebtor5 Cash at bank 8nd in hand 3,343 457 2.063 5.863 3,120 334 6,901 10,355 13 Cr•dltors: Amounts falllnp du• wlthln one year 14 14.9611 14,674) Net current a88ets 902 5.681 Net ass•ts 702,364 689,022 Th? funds of the charity. R•strl¢tod funds 85,818 79.227 unrest¢telfj fund8 Unrestrtcted income fund8 616,546 609.795 Total charftyfunds The financAal statements have been prepaTed in accordance with the Financial Reporting Standard applicable i the UK and Republic ol Ireland IFRS 1021. 702,364 689.022 Approvèd by the Board on 11 April 2026 and signed on its behdf by.. e Fairfoy Trustee A Aitken Ttustee The note5 on pages 12 to 20 forrn an integral part ofthgse financlal statements. P8gg11
British Goat Society Not8s to tha Financial Statements for th• Year Endad 31 October 2025 Accountlng pollcl8s Statement of compliance The accounts Ifin8naal statements) have been prepar8d under the hk8torical cost C(ventIon wryth items recognised al 5t or transaction Ydlue unless othenmse stated in the relevant notelsl to these accounls. The financial statements have been prepared in 8ccordarice with the Send edition of the Charities ststernént of Recommended Pra¢ti¢e issued in October 2019, the Finanual F<epottng StsndaTd applicable in the United Kingdom and RepJblic of Iland IFRS 1021 and the Charities Act 2011 as amended by th8 Charit183 Act 2022. The accounts Ifinancial statements) hav8 been pr8pared to give a 'true and fairf view and hav8 departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to PrOde 8 'tnJe and fair wew,. This dep8rtUTe has involved followng A¢counting and Reporting by Charilies preparing thr accounts in accordance with th8 Financial Reporting Standard applicable in the UK 8nd Republic of Ireland IFRS 1021 rather than the Ac¢ounling and Reporting by Charities".Staternent of Rec(mmend8d Practice effective from 1 April 2005 has slnce been withdrawn. Basls of pr8parallon The ¢harity m8818 the definition of a public bènofit entity under FRS 102. Aats and liabilitEs are initially recognised at historical Cost or tr8n5èCtK)n value unless othefy4se stated in the relevant a¢Inting pollcy notes. Golng con¢em These financi818t8tewrTents have been ppared on 8 oolng concgrn ba815. Fund accounting pollcy unStrICted income funds are g8n8Yal fvnds that are available for use at the trusi88s' disGretion in hjrtherance of the objectives of th8 charity. Restricted funds are those donated for us8 in a p8rticular area or for specific purposes, thg US8 01 which is re5tric18d to thatarea or purpose. Furth8r details of each fund are dlsclosed in nole 17. Ineomè and endowments Donations 8nd legacS ar8 r8cogni58d thare thefft is entitlemenl, probability of r8C8iPt and Ihe amount can be measured with sufficient reliability. Incorne from Gcbvemment and other grants. vlnether'c8Pital' grants or'revenue, grants. is recognised when the Charity has entillement 10 the funds, any performanc8 conditions attached lo the grants have been met. it is probable that the income wll be CeIved and the 8mount c8n be rne85ured reliably 8nd is not deferred. Investment income is recognised on a receivable basls. Income from charitable 2Ctivities indudes income recognis8d as e8mgd 18$ the re18ted good5 or services are provided) under contracL Page 12
British Goat Socloty Notes to the FlnanGlal Stat8rn8Trts for the YeaT Endod 31 O¢tob8r 2025 . COFitinU6d Exp•ndliure abllltles are regniSed as 500n as there is 8 legal or constructive obligation Committing Ihe charity to the expenéSture. All 8XP8nditur8 is accounted for on an accN81s basls at)d has b88n cla5sthed under hÈadiftg8 that aggregate all costs related lo the category. Costs of raising funds are invastrnent managemartfees. Charitable 8xpenditure compri88S those eosts incurred by the charity in thè delivery of its activities and se$ for its benoficiarlos. It indud8s both costs that can b8 allocated directly to such activities and those costs of an indirect n3ture necessary lo suppryt them. Support co#t8 Support costs Include ¢9ntral functions and have been allocated to activity cosl rat8gories on a basis consistent wth the use of SourCes. for ex&mple, aUoc8tlng property costs by floor areas, or per capita, staff costs by the time spent and otheT costs by their u53ge. Flxed ass6ts Individual fixed assets costing £100 or more are lIlalY recorded at Cost. Depreclation Depreciation is provided on tangiN8 fixed assets so as to write off the cost or valuation, les8 any esb"mat8d residu81 value. overtheirexpected usgful economic Ie as follows.. Computer 8quipment Fixlures, filtings and equlpmant 20% reducing balance b881S 33% reducing balance b8SIS Cash and Cash Equivalents C88h and cash equiv818nts compdse cash on hand and call d8posils, and other short-term highly liquid Investments that are readily conv8rtilA8 to a kwthvn amounlof cash and are svbjeclto an insignfjficant risk of change in value. Inva8trnents Fixed asset investments arg included at mad¢et valu8 81 th8 balance she8t date. Realls8d gains and losses on Investments are ¢aiculated 88 Ihe d¥ere been 8ales proceeds and their rnarket value at the start ol the ygar, or thelr subsequ8nt ¢x)st. and sre Charged or credited to the stat8rNEnt ol the financial activitie5 ITI the period of disposal. Unreali58d gain5 and losses represgnt the movement in mark8t values during the y9ar and 8re credited or charged to the statement of financial activities based on the mark8t V81ue atthe year end. St*xk stock is valued at the lower of cost and net roalisable value, after due r8gard for obsolete and slow moving stocks. Net reallsable value Is based on selling price less antiapated costs to tA)mpletion and selling $ts. tems don8t8d for resale or distritwtion are not included in th8 financi81 statements until they are sold or drstiibuted. Panslons The charty operates a defined contribution penskjn scheme. Contributions arg eh8rg8d In thg sta18ment of finanoial activitles a$ thgy become payable in accordance wth the rules of the stherne. Paog 13
British Society Notes to the Financial Stat8rnents for thg Year End8d 31 October 2025 . continued Donatlon$ and l*go¢10$ Unresiricted Restrlcted Total Funds Total Funds Funds Funds 2025 2024 Donations and legacles Legacies and bequests Appeals and donations 10,000 41 10.041 703 703 703 703 or the donations and legaci8s income in 2024 £41 related to UnSl¢ted fvnds and £10.(K)O relatèd to restricted fvnds. Investments Unr8stricted Restricled Total Funds Total Funds Funds Funds 202S 2024 Income from other unlisted inv83trfi8nts 4,239 4.239 4,909 AJI of th8 inv8Stm8nt income in 2024 related to unrestricled fuls. Charltable actlv5ti8S Unrestrlcted ReBtrict8d Total Funds Total Funds Funds FLtnd8 2025 2024 Promoting and runnlng thè socS0ty Memter subscriptions Other inromg Adverting Show re¢conltson fees S81es of publication5 and goods Redairned postage Milk recording Registration fees, tonsfers, prefixes etc Semen sales 27,914 160 240 3,292 1,284 72 589 25,803 200 59,554 27.914 160 240 3.292 1.284 72 589 25.803 200 59,554 27,423 1.048 3,151 1,125 45 529 27.240 320 60,881 l of the income from charitable adivth'es in 2024 related to unrestricted funds. Pagg 14
British Goat Society Notes to the Financial Statements for the Year Ended 31 October 2025 continued Exp•nditure Ralslng funds Promoting and runnlng the $o¢ioty T¢to1 2025 Total 2024 Dired costs Printing and postagè Show 6xpenses Products for r85ale BGS semen collection Lin8ara55essment 15.862 452 960 1.242 15,862 452 960 1.242 10.fj80 850 1,585 582 13.697 18.516 18,516 Support costs Employment costs Insurance Telephone and f8X Ccmputersoliware and maintenance ty)sts Printing, post8oe and sta11onery charitab donations Offi ront Sundry expenses Cost of Irustee meetings Pnmotional 8xpenses Accountancy fees Independenl examinÈts fae Costs of obtaining investm8nl adv Legal and professional fees Bank Charges Depreciallon of compuier 8quipment Dgprecialon of fixiur8s, fitting5 and aquipment 36.367 689 2,164 4,941 13,822 7,353 7.705 1.984 7.989 220 1.860 485 36.367 689 2.164 4,941 13.822 7,353 7,705 1,984 7.989 220 1.860 485 4,620 524 75 231 694 91,723 36.010 435 1.489 4.569 14.056 250 7,836 1.199 5,319 2,018 480 4,917 1,077 15 289 477 80,416 4.620 524 75 231 4,620 87.103 4,620 105.619 110,239 94,113 All of thg exp8nditure In 2024 related to unre5tr1Gled funds. Pagts 15
British Goat Soclety Notès to the Financial Statements for the Year Ended 31 October 2025 . conbnued Governancè costs 2025 2024 Gost of truslÈe meetings Accountsncyfees Independent examiner¥ fee Legal and professional fees 7.989 1.860 5,319 2,018 460 1.077 8,874 524 10,858 Trustee¥. remunerdtion and expenses During thè ar travdliTrJ and admlnlstratlon expens8s were reimbursed to 17 Twustees tolallSng £3.483 12024- £4,351 to 15 Truste8sI. No truslee rec8ived any remunoration durfng elther year. Nat outgolng r850ur¢e$ Nel outgoing resources is 8tsted after ¢har9ing= 2025 2024 Depcl£tI( ol tangible fixed assets 925 766 Employees. remuneratlon The monthly average numberof persons lincluding senior managem8ntl 8rnploy8d by the charity during the y8ar was as follows.. 2025 No. 2024 No. Charitsble tltI85 The aggregat8 payroll costs of these persons were as follows: 202S 2024 Wages and salaries Other pension costs 35,000 1,367 36.367 35.143 867 36.010 No employee reiVed emolun)ents of mor8 tt)an £60,000 during the yegr12024- No. 01. Page 16
Briti¥h Goat Socioty Notes to the Financial Statements for the Year Ended 31 October 2025 . continued 10 Taxation The registered charity is tsx8mpt from taxation on InMe and gains. 11 Tangible fixod 4$8ats Flxtures, flttlngs and equipment Computsr equipment Total Cost As at 1 November 2024 Additions As at 31 October 2025 30,303 340 30,643 9.774 40.077 340 40,417 9.774 Depreeiation As at 1 November 2024 Charge for the year As at 31 October 2025 29.149 231 29.380 7.670 36.819 925 37,744 8,364 Net book value As at 31 October 2025 As At 31 October 2024 1,263 1,154 1.410 2,104 2.673 3.258 12 Investments held as fixed assets Listsd investments Market value As at 1 November 2024 RevaluatTon Additts)ns DispDsals As at 31 Ootober 2025 680,083 59.085 4,239 144,6181 698,789 Ngt book value As at 31 October 2025 As at 31 October 2024 698,789 680.083 All investment assets re held in Ihe UK. Page 17
Brltlsh Goat Society Notes to the Financial Statements for the Year Ended 31 October 2025 . CDnlinued 13 Dtbtors 202S 2024 Prepawments and accrued incom 457 334 14 Creditors.. Amounts falllng du• wlthln ono year 2025 2024 Trade creditors Taxation 8nd stselal security Aceruals and d6ferr8d incomo 2.220 1,046 1,695 4.961 2.760 1.914 4,674 15 Pension Sthamè Defined contribution penslon scheme Th8 tharity operates a defined contributlon pension schem8. Th8 p8nsion cost charge for Ihe period represents contributions p8y8ble by the charity to the scheme and amounted to £1,36712024- £8671. There were no ouistanding or prepaid contributions at ther the baginning or end ol the financial yéar. Page 18
British Goat Society Notes to the Financial Statements for the Ygar Endod 31 October 2025 .. conbnued 16 Relatsd partias Controlling entlty The charity is controlled by the trustees. Relat8d patytransactlons There h8vg bean no related party tranS8dlor In Ihe y88r. 17 Anatysls offvnd# At1 November 2024 Other recognised At31 ga1n81109s Octobor 2025 In¢oming resour¢es Rèsourcos •xpèndèd General Fund$ Unrestricted income fund 609,795 64.496 1110,2391 52,494 616.546 Restricted Funds The Cenlenary FLJnd P A Turner Lega 69.227 10,000 79.227 6,591 75,818 10,000 85,818 6,591 689,022 64,496 1110,2391 59.085 702.364 Th8 Centenary Fund was launched by a speclal app8al in 1978 and 1979. The purpose of the fijnd is to support worthwhile research projects Ihat the Sodety doos not fe81 able to support Lxrt of subscription and f8gistrati(x) fee income. P A Turner Legacy- thls legacy was rècolved to be usod to enhance, improve. or upgratje the inlomiation t8chnologysystem$ and cornputers ofthe Society. Page 19
British Goal Soclety Notes to the FinancSal Statements for the Year Ended 31 October 2025 . continued Prlor porfod At1 Nowmber 2023 othèr recognlgs•d galnsllosses Incoming resources Resources expended At31 October 2024 General Funds Unrestrrcted income fund 566,536 65.831 194.1131 71,541 609,795 Restricted Fund$ The Centenary FuThJ P A TumeT Legacy 56,387 12,840 69.227 10,000 79,227 10,000 10.000 56.387 12.840 622,923 75.831 194,1131 &4,381 689,022 18 Net assets by fund Unrestricted Funds Rgstd¢tod Funds Totsl Funds 2025 Total Funds 2024 Tangible assats IveStMentS Current assels Creditors.. Amounts falling due thin on8 year Nel assets 2,673 618,834 2,673 698.789 5.863 3.258 680,083 10,355 79,955 5,863 14.9611 616.546 14,9611 702.364 14.6741 689,022 85,818 Prior perlod Unrestricted Funds Restricted Fund5 Totsl Funds 2024 Total Fund5 2023 Tangible ass8ts Investments Current assets Creditors." Amounts falling due wthin one year Net assets 3.256 611,130 5.016 3,258 680.083 10,355 {4.6741 689.022 2,890 595,710 27,345 68.953 10,274 19,6111 609,795 13,0221 622,923 79,227 Pag8 20