## **THE RED POLL CATTLE SOCIETY** **(A COMPANY LIMITED BY GUARANTEE)** **Company Registration Number 27159** ## **ANNUAL REPORT** ## **AND** ## **UNAUDITED FINANCIAL STATEMENTS** **For the year ended 31 December 2023** **THE RED POLL CATTLE SOCIETY** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **ANNUAL REPORT AND UNAUDITIED FINANCIAL STATEMENTS** **For the year ended 31 December 2023** ## **INDEX** |**NOTICE OF ANNUAL GENERAL MEETING**
**REPORT OF THE COUNCIL**
**INDEPENDENT EXAMINER’S REPORT**
**STATEMENT OF FINANCIAL ACTIVITIES**

**STATEMENT OF FINANCIAL POSITION**

**NOTES TO THE UNAUDITIED FINANCIAL STATEMENTS**|**Page No.**
**1 - 2**
**3 - 8**
**9**
**10 – 11**
**12 – 13**
**14 – 17**| |---|---| ## **THE RED POLL CATTLE SOCIETY** ## **C O U N C I L** President: M.R. Cheetham Retiring President: Q.G. Edwards President Elect: A.I. Blenkiron Vice Presidents: A.L. Barratt, Mrs. T.J. Booker, Col. J.R.G. Crisp, A.M.G. Darby, A.L. Fletcher, R.H. Smith Chairman: M.J. Martin Vice-Chairman: D.P. Hunt Finance: Miss A-M Hamilton Secretary: R.J. Bowler Secretary to Council: R.J. Bowler Legal Adviser B. Woolf Regional Field Officers: R.J. Bowler, Miss J. Broughton, Mrs. A. Daw, J.R. Williams **Retire 2024 Retire 2025 Retire 2026** Arthan Miss H.R. Clack C.D. Bellamy Ms. J. Daw Mrs A. Grimwood Ms. S-A Broughton Miss J. Wisden P Hunt D.P. Grainger P. Martin M.J. Kirk A.J Williams J.R. Stinton T. Co-opted: Mancey T.R. 1 Nabbott Road, Chelmsford, Essex, CM1 2SW 01245 600032 secretary@redpoll.co.uk www.redpoll.org Charity Reg. No. 213132 Company Reg. No. 27159 Notice is hereby given that the Annual General Meeting of the above Society will be held at **Church Lawford Village Hall, School Street, Church Lawford, Rugby, CV23 9EE** at 2.00 pm on Saturday, 20[th] April 2024 ## **AGENDA** 1. To receive apologies for absence 2. To confirm the Minutes of the Annual General Meeting held on Saturday, 22[nd] April 2023 3. To receive the Annual Report with Accounts for the year ended 31st December 2023 4. To consider and pass a Special Resolution that the Society’s Articles of Association be changed as follows: ## **OLD** _4A Rights and privileges of members_ _4A.1. Registering Life Members and Registering Annual Members shall in addition to all of the rights set out elsewhere in these Articles: (i) Be entitled to receive one free copy of the Society’s annual Herd Book for each year of membership; and (ii) Be entitled to register cattle that comply with the requirements of the Society (‘Registerable Cattle’) in the Society’s Herdbook ._ ## **NEW** 4A.1. Registering Life Members and Registering Annual Members shall in addition to all of the rights set out elsewhere in these Articles: 1 - (i) Be entitled to register cattle that comply with the requirements of the Society (‘Registerable Cattle’) in the Society’s Herdbook. (ii) Be entitled to receive one free copy of the Society’s Herdbook; provided that they have registered at least one animal in the Pedigree register in that year. (iii) All members not complying with Article 4A(ii) above will be entitled to purchase a copy of the Herd Book , for the sum of £15.00, or such other sum as Council may from time to time prescribe. 5. To appoint Accountants 6. To elect a President for the ensuing year 7. To elect a President Elect for the ensuing year 8. To elect Council members 9. To select and confirm Field Officers and areas 10. To elect Vice Presidents 11. To receive the Chairman’s report 12. Any other business 2 ## **THE RED POLL CATTLE SOCIETY** _Established 1888_ Charity Registration No. 213132 Company Registration No. 27159 Registered Office: 1 Nabbott Road, Chelmsford, Essex, CM1 2SW Tel: 01245 600032 email: secretary@redpoll.co.uk www.redpoll.org Accounts Office: Finance: Miss A-M. Hamilton, Mill Farm, Honeycombe Road, Salhouse, Norwich NR13 6JR Tel: 07748 903971 email: finance@redpoll.co.uk The Red Poll Cattle Society will serve its members through enhancing the development of Red Poll cattle and promoting their use within the livestock industry. ## **ANNUAL REPORT FOR 2023** Your Council begs to present the Annual Report with Accounts for the year ended 31st December 2023. ## **COUNCIL** : The officers elected were:- President: M.R. Cheetham Retiring President: Q.G Edwards President Elect: A.I. Blenkiron Chairman: M.J. Martin Vice Chairman: D.P. Hunt Finance: Miss A-M Hamilton Secretary: R.J. Bowler Secretary to Council: R.J. Bowler Legal Adviser B. Woolf Regional Field Officers: R.J. Bowler, Miss J. Broughton, Mrs. A. Daw, J.R. Williams Members re-elected to the Council were Ms. J. Bellamy, P. Grainger & A.J. Kirk. Members voted onto Council were: Miss J. Broughton & T. Stinton. T.R. Mancey was co-opted onto Council. Members due to retire in 2024 and who are eligible for re-election are: Miss H.R. Arthan, Mrs. A Daw & P. Wisden. Vice President Miss H.R. Philipson-Stow sadly passed away during the year. Mrs. T.J. Booker was made a Vice President. Miss A-M. Hamilton resigned from Council due to her taking up the position of Finance Officer. **COUNCIL MEMBERS’ ATTENDANCE** : There were four Council meetings in 2023 either in person or on Zoom. Miss J. Broughton, D.P. Hunt, A.J. Kirk, M.J. Martin, J.R. Williams and P. Wisden attended all four;, Mrs T.J. Booker, C.D. Clack, Mrs. A. Daw, P. Grainger, Ms. S-A. Grimwood & T.R. Mancey attended three; Miss H.R. Arthan, Ms. J. Bellamy & A.I. Blenkiron attended two: M.R. Cheetham, Q. G. Edwards & T. Stinton attended one. R.J. Bowler & Miss A-M. Hamilton attended all meetings as Secretary and Finance Officer respectively to the Society **WORK OF THE COUNCIL** : The Council is responsible for the promotion of the Red Poll breed in general and in particular to maintain the beef and milking qualities of the breed. The Council’s activities are governed by the Articles of Association of the Society. Earlier in the year the Council and the Annual General Meetings were held at the Jersey Pavilion, Stoneleigh and via Zoom. The summer meeting was held at: Dairy Farm, Holt Lane, Barkby, Leicester with the autumn meeting being held at Church Lawford Village Hall, School Street, Church Lawford, Rugby. The usual number of Council 3 meetings is four a year: attendance at Council meetings is reasonably good. Various committees have been set up which meet as and when required. Recommendations from these meetings are made to Council for ratification. The committees are: Finance, Breeding, Show & Sales, Publicity & Promotion, Human Resources, Articles & Bye-Laws, Archive and Chairman’s Emergency. Council is starting to implement a Strategic Plan so as to provide a framework for the future development of the breed. The following resolution is what the Society is working towards. _The Council of the Red Poll Cattle Society recognises that there are a variety of valid herd objectives amongst its members and a number of strategies to meet those objectives. Council confirms that it is not its role to promote any one objective or strategy but to support all its members with such assistance as they may require. Council further recognises that it should encourage the use of Red Poll cattle and the resulting product so as to expand the overall market_ . **PROMOTIONAL ACTIVITIES** : The Breeding Committee considers bulls for semen collection to ensure the future of the breed’s AI stocks and to preserve bloodlines. Full Igenity Beef Profiles have been carried out on all bulls registered since 2017 together with all AI bulls. A selection of females has also been tested. This is so that the Society has more data to select bulls with specific traits that can be mated to females with specific traits to enable genetically superior stock to be bred. To date there is data for 235 bulls and 258 females. Regional Herd Competitions again took place this year. They always prove popular and successful, the regional winners going forward to the National Competition. The Society’s National Show, at the Cheshire Show, was very successful with over 50 entries forward. Eastern area shows had disappointing entries but entries in the west of the country continue to improve which is very good news for the Society and breed. **EDUCATION:** It was disappointing that the College Competitions weren’t held in 2023 due to the colleges not allowing students to attend. Capel Manor College was the exception, attending the Hertfordshire, and Suffolk Shows however the Society is still very keen to support the College Initiative. **MEMBERSHIP:** 25 new members joined the Society during the year; 21 resigned for a variety of reasons. The total membership at the end of the year was 345 **THE WEBSITE** : The new up-dated website is proving invaluable in taking the Society forward. The Society has its own Facebook page and Twitter account which are also proving popular. Merchandise sales through the website are steady but sales at shows and events are good. **ANNUAL GENERAL MEETING** : The Annual General Meeting was held on Saturday 22[nd] April 2023. The meeting was held at the Jersey Cattle Society’s Pavilion, Stoneleigh Park. **SOCIETY FIELD DAY** : An excellent day was held by kind invitation of Fir Farm Ltd. Rectory Farm, Lower Swell, Cheltenham where the Horestone Herd of Red Polls are being milked. **ANNUAL DINNER** : A very well attended Annual Dinner was held at the Lee Wood Hotel, Buxton **SHOWS** : The usual shows held Red Poll classes, but as stated earlier, entries were generally disappointing. Classes were held at Shropshire, Stafford, Hertfordshire, South Suffolk, Suffolk, Three Counties, Cheshire, Norfolk, and Westmorland with additional shows with Red Poll classes at Ashbourne & Oswestry Carmarthen Livestock Market held a calf show in early December where we had our own classes. Some of our members also exhibited at the Winter Fair at Stafford. **SHOWS & SALES:** No Society sales took place in 2023, however, members took cattle to various sales throughout the year with good prices being made. Private sales have been buoyant this year with several new herds starting up. 4 ## **JUDGES’ STANDARDISATION DAY:** No event was held in 2023 but it will be back in 2024. **HERD COMPETITIONS:** The Regional and National Herd Competitions took place with very good participation levels from members. The awards are presented at farm walks at each area’s winning farm which prove to be enjoyable social and cohesive events. The National Herd Competition winners were presented with their trophies at the Annual Dinner. This year’s winning herd was the Lawford Herd of Martin Holdings, Rugby. |**REGISTRATION NUMBERS**
:

Bulls
Heifers
Grading-up Heifers
|**2023**

35
754
70
**859**
|**2022**| |---|---|---| |||30
731
44
**805**| **LEGACIES:** No legacies were received in 2023 **GIFT AID:** The use of Gift Aid by members for subscriptions and donations provides a substantial increase in income from this means, the Society receiving £12.50 on a £50 subscription and £6.25 on one of £25. **REGIONAL FIELD OFFICERS:** The Society’s Regional Field Officers liaise with the Secretary to ensure that members throughout the UK have a local contact. The contact details for the Regional Field Officers can be found on the website or by contacting the office. **SEMEN SALES** : The stock of semen held by the Society on 31st December 2023 is shown below in comparison with the stock held at the end of 2022. 100 straws of Wheatfield Duke’s Nigel were transferred from the RBST to our Genus storage. We destroyed 1500 straws of Castlefields Nu Duke, 500 Chalkhill Buzzard, 170 Dungate Faunes, 450 Onenfawr Prince & 450 Sandilands Romeo to put us into a lower storage bracket with Genus to save costs. There were 214 straws sold. ||**2023**|**2022**| |---|---|---| |Battlies Parole M0|0|2| |Bowland Ferdinand M0 (Genus)
Bowland Ferdinand M0 (UK Sire Services)|81
100|108
100| |Bowland Vincentio M1 (Genus)
Bowland Vincentio M1(UK Sire Services)|114
100|114
100| |Bowland Zeus M1 (Genus)
Bowland Zeus M1 (UK Sire Services)|87
100|90
100| |Bradwell Rosemaster M0|0|11| |Brabham Duke Richard M0|6|6| |Castlefields Nooky M0 (Genus)
Castlefields Nooky M0 (UK Sire Services)|762
1146|762
1146| |Castlefields Nu Duke M0 (Genus)
Castlefields Nu Duke M0 (UK Sire Services)|436
1522|1936
1522| |Chalkhill Buzzard M0|466|966| |Datchworth Concorde M0|200|200| |Dungate Faunus M0|51|227| |Eurimbla Gladstone M1|0|3| |Fedw Stig M1|70|83| |Fedw Tomos M1 (Genus)
Fedw Tomos M1 (UK Sire Services)|710
50|730
50| |Foxearth Claret M0|88|98| 5 |Foxearth Defiant M0|93|93| |---|---|---| |Gedding Badger M0|19|25| |Gedding Viscount M0|8|14| |Hallingbury Paddy M0|0|4| |Honest Martian M0|11|17| |Kemerton Vulcan M0|51|51| |Kirton Supreme Duke M0|41|42| |Knepp Charity M0|87|87| |Knepp Factor M0|438|466| |Knepp FantasticM0|665|665| |Knepp Quality M0|60|60| |Knepp Quartet M0|163|165| |Knepp Rambler M0|232|242| |Lavenham Sir Galahad M0 (Genus)
Lavenham Sir Galahad M0 (UK Sire Services)|908
930|918
925| |Lavenham Sir Lancelot M1|687|712| |Longdendale Unique M0|18|18| |Lowpark Applepippin M0|29|29| |Mistley Linking Licias M0|54|36| |Onenfawr Prince M0|1163|1601| |Pinguis Jacob M0|130|140| |Pinpur Intercontinental M0|200|200| |Sandilands Romeo M0|541|955| |Underhills Likely Lad M0|10|10| |Underhills Super Jet M0|769|769| |Wheatfield Dukes Nigel M0|100|| ||**13496**|**16598**| **DATA PROTECTION:** The Society reserves the right to release the Herd Book to interested parties who might be able to give members products or services that they would find of interest. If you do not want us to release your name, please let the office know. **RISK ASSESSMENT:** During 2004 the Council carried out a detailed review of the Society’s activities and produced a comprehensive strategic plan, setting out the major opportunities available to the Society and the risks to which it is exposed. The Council will monitor progress against the strategic objectives set out in the plan at each meeting and a comprehensive review of the plan will be carried out annually. As part of this process the Council will implement a risk management strategy that covers: 1. Financial risks. 2. Reputational risk. 3. Statutory and legal requirements. 4. Operational risk. The Council will establish systems and procedures to mitigate those risks identified in the plan. The implementation of procedures as set out below is designed to minimise any potential impact on the charity, should any of these risks materialise: 1. A budget will be produced at the beginning of each year and a financial statement issued at each meeting showing financial performance against budget. All payments are paid by the Treasurer after agreement with the Secretary who sees copies of all invoices. Year end accounts are examined by an independent examiner. 2. The maintenance of good governance in the running of the affairs of the Society is monitored at each meeting to avoid any occurrence of bad practice that might lead to adverse publicity. 3. The Society will insure, insofar as is possible, against known risks. Our current insurance policy meets the known risks identified by Council. 6 4. It is believed that the Council has the resources to deliver the objectives of the Society, taking into account all known risks. To this end the Council intends to maintain reserves sufficient to meet one year’s commitments in full. - The strategy was updated in 2009 and 2023 ## **GENERAL DATA PROTECTION REGULATION (GDPR):** ## **Privacy Policy.** We are committed to protecting the privacy of our members. We take your privacy seriously and treat all the information you give us with great care and will never sell your personal details to third parties. If you have any questions concerning your personal data and how we look after it then please contact us. Members enter a contract with the Society when they join and the Society needs to process and store your data in order to perform this contract. Membership data held by the Society consists of: name, address, telephone/mobile number, email address, method of payment of subscription, whether listed for Gift Aid, prefix, holding number, animals owned/bred. Selection codes are used to indicate members who are Council Members/Judges/Owners of cattle/pay by invoice for the purpose of targeted communication. The Grassroots Systems Ltd. membership and animal database is held securely at the registered office of the Society and the Sage accounts database with the Finance Officer: Miss A-M. Hamilton, Mill Farm, Honeycombe Road, Salhouse, Norwich NR13 6JR. Both systems are password protected and backups exchanged between the two establishments. The membership/animal database is also backed up on The Cloud. Contact details by way of address labels containing names and addresses are occasionally supplied to agricultural associations or agricultural auctioneers for the purpose of distributing information concerning upcoming shows or auctions. If members do not wish their name and address to be supplied to such organisations then they let the office know. All fully paid up members receive copies the Red Poll Newsletter – three copies are produced annually and Registering & Life Registering Members receive the annual Herdbook. **THE FUTURE** : The Council believes the breed is well placed to benefit from UK government supported initiatives to move agriculture towards low input, extensive and environmentally sensitive management systems. The Council will seek to capitalise on these trends by finding ways to promote the beef and milking properties of the Red Poll. 7 ## **THE RED POLL CATTLE SOCIETY (A COMPANY LIMITED BY GUARANTEE)** ## **Council Members’ Responsibilities** Company law requires the Council Members to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the Company, and of the result of the Company for that period. In preparing those Financial Statements the Council Members are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent, and - prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Council Members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company, and enable them to ensure that the Financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. On behalf of the Council on 2024. M. J. Martin Chairman J.R. Williams Finance Committee Chairman 8 ## **INDEPENDENT EXAMINER’S REPORT ON THE UNAUDITED FINANCIAL STATEMENTS TO THE COUNCIL MEMBERS OF THE RED POLL CATTLE SOCIETY (A COMPANY LIMITED BY GUARANTEE)** I report to the council of members on my examination of the accounts of the Company for the year ended 31[st] December 2023. ## **Responsibilities and basis of report** The council members (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirements that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. M J Mortimer FCA FCCA Ballams Chartered Accountants Crane Court 302 London Road Ipswich IP2 0AJ 2024 9 ## **THE RED POLL CATTLE SOCIETY (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2023** |**Note**
**Incoming Resources**
Members Subscriptions
Registrations
Semen Sales
Legacies
Donations
3
Sale of Promotional Items
Investment Income
Interest Receivable
Sale of Advertising
Transfer Fees
Herd Competition
Annual Dinner
Sundry Income
**Resources Expended**
Direct Charitable Expenditure:-
Semen Distribution Storage etc
Semen Collection
Signet Beef Recording Subsidy
Other Expenditure:-
Secretarial Salary
Secretarial Expenses
Publicity
Show Expenses & Prizes
Insurance
Printing
Postage
Telephone
Company Registration Fee
AGM and Meeting Expenses
Accountancy
Subscriptions & annual charges
College Support
Office Stationery
Archive Storage
Field Officer’s Expenses
Cost of Promotional Items
Igenity Testing
Sundry Expenses
Depreciation
**Net Incoming/(Outgoing) Resources**
**for the Year Carried Forward**||**Unrestricted**
**General Fund**
**£**
13,088
12,573
2,488
-
104
992
14,259
473
465
2,190
(434)
2,282
290
48,770
4,820
-
-
4,820
10,079
3,536
3,229
1,566
1,861
2,457
1,399
1,127
13
360
1,260
1,629
(1.000)
1,079
1,500
1,022
1,583
2,997
281
489
41,287||**Unrestricted**
**Life Fund**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Unrestricted**
**Life Fund**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-||**Restricted**
**Fund**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2023**
**£**
13,088
12,573
2,488
-
104
992
14,259
473
465
2,190
(434)
2,282
290
48,770
4,820
-
-
4,820
10,079
3,536
3,229
1,566
1,861
2,457
1,399
1,127
13
360
1,260
1,629
(1,000)
1,079
1,500
1,022
1,583
2,997
281
489
41,287|**Total**
**2022**
**£**
13,927
14,232
2,922
54,183
1,147
1,364
11,728
104
550
2,200
(516)
783
-| |---|---|---|---|---|---|---|---|---|---| ||||||||||| ||||||||||102,625| ||||||||||4,228
-
-| ||||||||||4,228
11,369
4,076
5,233
3,113
1,862
2,527
1,809
1,268
13
522
1,380
1,810
1,000
977
1,500
1,348
272
10,830
63
95| ||||||||||55,295| |||7,483|||-||-|7,483|47,3
30| The Notes on Pages 14 – 17 form part of these Unaudited Financial Statements 10 ## **THE RED POLL CATTLE SOCIETY (A COMPANY LIMITED BY GUARANTEE)** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **For the year ended 31 December 2023** |Net Incoming/(Outgoing) Resources for
the Year Brought Forward
Transfer between Funds
Unrealised Investment Gains/(Losses)
Net Movement in Resources in Year
Fund Balances at 1 January 2023
**Fund Balances at 31 December 2023**||**Unrestricted**
**General**
**Fund**
**£**
7,483
279
13,585
21,347
351,780
373,127|**Unrestricted**
**General**
**Fund**
**£**
7,483
279
13,585
21,347
351,780
373,127||**Unrestricted**
**Life Fund**
**£**
-
(279)
-
(279)
2,788
2,509||**Restricted**
**Donations**
**Fund**
**£**
-
-
-
-
9,184
9,184||**Total**
**2023**
**£**
7,483
-
13,585
21,068
363,75
2
384,82
0|**Total**
**2022**
**£**
47,330
-
(11,952
)| |---|---|---|---|---|---|---|---|---|---|---| |||||||||||| |||||||||||| |||||||||||35,378
328,374| |||||||||||363,752| 11 The Notes on Pages 14 – 17 form part of these Unaudited Financial Statements ## **THE RED POLL CATTLE SOCIETY LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **STATEMENT OF FINANCIAL POSITION** ## **As at 31 December 2023** |**Not**
**e**
**Fixed Assets**
Tangible Assets
5
Investments
6
**Current Assets**
Promotional stock
Semen stock
Debtors
7
Cash at Bank and in Hand
**Creditors: Amounts falling due**
**within one year**
8
**Net Current Assets**
**Net Assets**
**Restricted Funds**
Donations Fund
**Unrestricted Funds**
Life Fund
General Fund|**2023**
**£**
**£**
2,872
316,130
319,002
2,700
3,304
5,714
55,318
67,036
1,218
65,818
384,820
9,184
2,509
373,127
384,820|**2023**
**£**
**£**
2,872
316,130
319,002
2,700
3,304
5,714
55,318
67,036
1,218
65,818
384,820
9,184
2,509
373,127
384,820|**2022**
**£**
**£**
3,361
302,545
305,906
3,605
4,151
6,052
45,492
59,299
1,453
57,846
363,752
9,184
2,788
351,780
363,752|**2022**
**£**
**£**
3,361
302,545
305,906
3,605
4,151
6,052
45,492
59,299
1,453
57,846
363,752
9,184
2,788
351,780
363,752| |---|---|---|---|---| |||319,002
65,818||305,906
57,846| ||67,036
1,218||59,299
1,453|| |||||| |||384,820||363,752| |||9,184
2,509
373,127||9,184
2,788
351,780| |||384,820||363,752| 12 The Notes on Pages 14 – 17 form part of these Unaudited Financial Statements **THE RED POLL CATTLE SOCIETY (A COMPANY LIMITED BY GUARANTEE)** ## **STATEMENT OF FINANCIAL POSITION (Continued)** ## **As at 31 December 2023** The Council have taken advantage of the exemption conferred by Section 477 of the Companies Act 2006 not to have these Financial Statements audited and confirm that no notice has been deposited under Section 476 of the Companies Act 2006. The Council acknowledge their responsibilities for:- - ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006, and - preparing Financial Statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395, and which otherwise comply with the requirements of the Companies Act 2006 relating to Financial Statements, so far as applicable to the Company. These Financial Statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies. The Financial Statements were approved by the Council on and were signed on its behalf by: M J Martin Chairman J.R. Williams Finance Committee Chairman 13 The Notes on Pages 14 – 17 form part of these Unaudited Financial Statements ## **THE RED POLL CATTLE SOCIETY** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE UNAUDITED FINANCIAL STATEMENTS** ## **For the year ended 31 December 2023** ## **1. STATUTORY INFORMATION** The Red Poll Cattle Society is a private company, limited by guarantee, registered in England and Wales. The company’s registered number and registered office address can be found in the Report of the Council. ## **2. ACCOUNTING POLICIES** ## Basis of preparing the financial statements The Financial Statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)”, Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the U K and the Republic of Ireland” and the Companies Act 2006. The Financial Statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## Income Investment income and bank interest are included in the Financial Statements when due. Other income is accounted for on a receipt basis. ## Expenditure All expenditure is accounted for on an accruals basis. ## Investments Investments are stated at market value. ## Depreciation Depreciation is provided to write off the cost, less estimated residual values, of all fixed assets over their useful economic lives. It is calculated at the following rate:Office Furniture and Equipment - 10% reducing balance Specialist Software and Tele-Visual Equipment - 33% straight line Display Stand - 15% reducing balance Fixed asset additions are capitalised where appropriate and depreciated in accordance with the above policy for items in excess of £100. ## Stock Stock is stated at the lower of cost and net realisable value. ## Fund Accounting Unrestricted Funds comprise those funds which the Trustees are free to use in accordance with the charitable objectives. 14 ## Life Funds Life subscriptions received are credited to the Life Fund. 10% of the Life Fund is credited to the General Fund each year. ## **THE RED POLL CATTLE SOCIETY** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (Continued)** ## **For the year ended 31 December 2023** |**3.**
**4.**|**DONATIONS**
Field Day – Various
Sundry Donations
D Bailey
Nat West – Compensation
Mrs C Girvan
J R Williams
Lynch Family
Gift Aid Tax Reclaimed


**EMPLOYEES**|**2023**
-
41
-
-
-
-
-
63


£104
|**2022**
520
25
35
290
39
150
40
48


£1,147| |---|---|---|---| The average weekly number of employees of the Company during the period was 1 (2022 : 1) Secretarial salary consists of: |Wages and Salaries

**5. TANGIBLE ASSETS**

Cost
As at 1 January 2023
Additions/Disposals
As at 31 December 2023
Depreciation
As at 1 January 2023
Provided for the year
As at 31 December 2023

Net Book Value
As at 31 December 2023
As at 31 December 2022|£10,079
£11,369
Plant and
Machinery etc.
21,822
-
21,822
18,461
489
18,950
2,872
3,361|£11,369| |---|---|---| 15 **THE RED POLL CATTLE SOCIETY (A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (Continued)** **For the year 31 December 2023** ## **6. INVESTMENTS** |Listed on the UK Stock
Exchange
Market Value
As at 1 January 2023
Purchased (Sold) in year
Gain/(loss) on Investments
from
Change in value
As at 31 December 2023
Historical Cost||**Blackrock**
**Charities**
97,887
-
5,328
103,215
91,000||**M & G**
**Charifund**
98,494
-
(2,314)
96,180
93,000||**Charity**
**Equity Fund**
106,164
-
10,571
116,735
65,450||**Total**
302,545
-
13,585| |---|---|---|---|---|---|---|---|---| |||||||||316,130| |||||||||249,450| ## **7. DEBTORS** |**7. DEBTORS**||| |---|---|---| |
Trade debtors

All amounts shown under debtors fall due for payment within
**8. CREDITORS: AMOUNTS FALLING DUE WITHINONE**|2023

5,714

one year.
**YEAR**
2023

(162)
1,380

1,218
|2022
6,052

2022
73
1,380
1,453| |
Trade creditors

Accruals and deferred income

||| ## **9. MEMBERS GUARANTEE** The Company has no share capital but is limited by guarantee. Every member of the Company is a guarantor and undertakes to contribute to the assets of the Company, in the event of it being wound up, such amounts as may be required. Each guarantor’s liability is limited to £5. There are currently 345 members. ## **10. TAXATION** 16 The Company is a Registered Charity and is not considered liable to taxation on its income. Income Tax deducted at source from income is recoverable from H M Revenue & Customs. ## **THE RED POLL CATTLE SOCIETY (A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (Continued)** **For the year 31 December 2023** ## **11. TRANSACTIONS WITH COUNCIL MEMBERS** None of the Council Members or connected persons received any remuneration or reimbursement of expenses during the year. During 2021 the Company entered into an agreement with the Council Member Miss J. Broughton for the use of a room in her home to house and catalogue the Company’s archive. The original agreement was for two years commencing on 1 August 2021 at rate of £125 per calendar month which has now been extended at the same rate. The agreement with Miss J. Broughton replaces a more expensive one for commercial storage. 17