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 ROseh￿l, 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 a￿d 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- A￿l￿g 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
CO￿rdInatOr. Ipl Publicaty"ons Co-ordinator, Iql Goat H&aKh & Wellare Officer, Irl Liriear Assessm8nt
cO￿rdInator
Thè Bri￿Sh 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 a￿ngerneftts.
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, I￿7th further meetinos via video link as and wh8n required. There are cU￿ntlY 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 kno￿edge 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 so0￿1Y 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 puEA1eat￿￿s.
Production 0f￿MOnth1 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 indi￿dUal¥
as well as providing current and long.term infomation a￿￿ul g08ts in Ihe UK and Wortdv￿de.
P#ge 2

Brltlsh Goat Society
Trusteès. Roport for thg Yfjar Ended 31 October 2025
duc
nnual H
A Herd Book is published ann￿allY 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 s￿w$ ￿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 c￿aS1On - 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 aVer￿e 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 V￿th 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 appe811n￿al1ra￿1v8 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 On￿oIng. 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 eX￿18￿t working relationship which is greatly
vÈlued by the British Goal Society. The Goat Vat8rinary sO￿etY has prodU￿d 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)h￿S 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 p8￿Y due to shrinkage in the national sheep fl￿k 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 ML￿thlY 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 S￿181 media platfom)$ to shar8 goat rolated artides, information. plclurès and during the show
Sgason, show rèsults. The FaCeb￿k 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 ex￿rtS in the wning tTh)nths.
The British Goat Society websile continues to prO￿l￿e a user-fiiendly online resource for members and
non-members alikg. Accass Is now mainly through smartphones, though compu18rs and tablets remain pop￿ar.
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 Int￿Stad 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 join￿Y
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 pre￿ouS 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 r￿UlarlY Identifigd
as 8 Possible source of income Ifrorn sale5}.
2. "Inveslm8nl for incom8" valuation should be rnainlained at De￿mber 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 m￿lurn risk. Wha￿ Inveslment for incorne i8 mad8.
In ath￿Ving 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 a1￿catIOn 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 Liy￿r 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
r8￿gnizn9 this formal limitation, wshe5 to record in Ihis p￿1¢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 eS￿rnate of fees for hi8 services for
the follomring twelve mllths.
The Committee T&seN85 th8 right to amend the investment policy at any Corn￿ttee 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 p￿pa￿ 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 finan￿al 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 ac￿rdance
with the Generalty Acceptsd ACCOUn￿n￿ Practlce eff8¢tiv8 for reporting periods beginning on or aft8r l January
2019.
Re$pectlve responsibilities of trusteÈs and èxamlner
The Charitys trustees are responsi1￿e for the preparation of the acwunts. The trust689 consid8r that an audit is
nol required lor this year under section 144121 of the Charits'es Act 2011 as arnonded by the Charities Act 2022
(the Act) and that an independent 8x8mination is needed.
It Ss my responsibililyto..
èxamine tho accounts under section 145 ofth8 Act.,
follow the procedur8s18id down in the Gen8rdl Drecbons given ty Ihe Charity Commission under section
145151 Ibl of the Act,. and
state fftther particular rnatters have come to my att8ntion.
Ba$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 re￿rdS 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 Inv85t￿nt ass815
52.494
8,591
59,085
84.381
Nat IncA)mellexp8ndltsJr81
6,751
6,591
13,342
66,099
Transfers
Gross transfers befv￿en funds
Nel movement in funds
6,751
6,591
13,342
86,099
RèconclUAtl¢bn olfund8
T￿al 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 Se￿nd 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 I￿land 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 PrO￿de 8 'tnJe
and fair wew,. This dep8rtUTe has involved followng A¢counting and Reporting by Charilies preparing th￿r
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. A￿ats 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 p￿pared on 8 oolng concgrn ba815.
Fund accounting pollcy
un￿StrICted 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 legac￿S 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 re￿gniSed 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 I￿e 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￿ be￿en 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 Un￿S￿l¢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 ful￿s.
Charltable actlv5ti8S
Unrestrlcted ReBtrict8d Total Funds Total Funds
Funds
FLtnd8
2025
2024
Promoting and runnlng thè socS0ty
Memter subscriptions
Other inromg
Advert￿ing
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
Dep￿cl£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 ￿tl￿tI85
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 re￿iVed 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 In￿Me 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
ga1n8110￿9s 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
I￿veStMentS
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