REGISIERED COMPANYNUMBER: (WH278 (England and Walesl REGISTERED CHARITY NUMBER: 215662 UNCOLN RED CATfLE SCKIEiyiniQ STRAIEGIC REPORT.IRUSTEES' RÉPORT AND UNAUDITED FlNANaALATEMEPIrS FOR THEYEAR ENDED 31 DECEMBER2025 Haine5 Watts 23 4Wgitha Road Skegne5S Un¥ted Kingdom PE25 ZAG
coiirEPITSOFIHE FINANaAL STATEMEPIts FOR THE YEAR E14DEO 310ECEMBER2025 Independent Emarninerfs Repxt ststementof rtnan(ial P£6ttk 11 to 16 17 to 18
STRATEGIC REPORT FOR THE YTAR ENDED 31 DECEMBER2025 The trustees presentthelr str8k reportfrthe yearenthd 31 tietemir 2025. sTrucruRE. GOVERNANCE AND MANAGEPJIENT Recruitment and Appolntmert of IlewTrustses 7he councll conslsts of tsvelve memter5 e£d for thtee by romion at the Annual General Meetlng by the members then present. Each Full Member can then have orvoteforthe norninated •Aemberto becomea Trustee. Induction and Trainin8 of NewTnis¢ees on Full Members of the Assoclation can be ekrted to the C(¥Jnul, as thi% ts the case rnember5 fulty aware of th2 prrKedure5 and w)Ilcies of the tharty. Furthertrainin8 is given as and when required. ganisationalstwuclure The Council consists of e1Ve mernbers and the Offir5 are.. President a Secretary and an Independent Examiner. All chosen at the first meeting afterthe Annual General MeetirK The Pident acts as an -Official President Electfor l year prtDr tt) 2 years as PTesident and then becomes an ex-offictalfor I year during thefiftal year. Wlder Netwowk There is no wdernetwork ofthe accounts othertrAn crcubl to nnber$Of thesocth. Relatsd Parties The Socvdty ha5 8 close relatiooship wth The iIKoln Sheep Breedas Associathjn and the LlncolTrshire Agricu181 Society. b)th are reg15tered charities. OBIEcllvES A14DACFNmES The princlpal oblective of the SOC b to promte ts Lknco]n Red Breed of cAtde wlthln the County of LiK01nShyre but also national and internatyonalty. Siunilic8rttAttfvltSes The Society its objettives tty W[4rrIng Show5 artyJnd Country fthere Red Cattle are exhibited. organlslng PedTgree Breeding stock Sales and Organing a Fa Walk Iwbjett to DEFRA regulationsl. It 11 continue to SLlP¢M)rt the Young Farmers Heifer Rearing and Handling cornpetr(n atthe LIrlShIr Show and at a5 nwry rOmOtional events as possible. As well as pru£1n8 the Herd Book. Newsletter and a Journal the organises a Jutyng and catdÈ evaluat¥)n training day. The k)ciety maintsin5 a digtkl preserKe onfine and through social medla pJatform5to promth the Breed. DNA PTofil¢ng of BulLs attime of Reglstrat#Jn is Th)w compuL%ory. the package irKIuL5 &re Veriation. SNPS Profilin& Polled and Myoststin Status. DNA Profiling of Females Is erKoura8ed ho¥¥e¥er remains volunlary. Member5 had Free a¢$S to E8V Recordlng through the Signet Pfoiect whith was provlded as afi irKentNe to entourage the collertion of dats but will end (n the next financial year asthe Society repurw)se5 thtsse fvndsto other promotwjnal èCtivft*s. The National Herd compets.tion continues to well supw>rted with 29 Herds part(dpatirtg in 2025. Members may joi SellMyLfvestock whKh the society Website has a linkto vfa a portal to assist vith sales of pethree [01Th Reds and prornotK)n of Ihe ed to a wSderonllne audienceof catdefarffors. Volunteers The Soclety continues to be reliant on the many Indkndua15 who gr¥e up their tlme and resources for the benefrt of the Charity. Particutsr thanks should be recorded to all CourKil Members. the Finan &JWmm(ttee and Marketing &I0mm[ttee fortheir voluntaryworkon behaff of the Society.
RESPONSIBiunÉsoFTHEIRusfEES The trustees Iwho are also the director5 of Lincokn Red Catde Sotw for tt purp)ses of company kw) are responsible for prEpaTing the Tru5tee5 Annual Report and the finarThl st3ternerts in accofdarte appllcable and Unltsd Klngdom Accounting Standards (Untted ngdoM GenerdltyceptedAccounting Pra¢bl. Company law requiTes the trustees to preF¢re finarThl statements for each finanaal year which give a and falr vlew of the stste of affairs of the charltsble cornpany and of thÈ Incomtng resources and appfKation of ¥esource5, including the income and expenditure, of the charitsble companyforthat period. In preparingthesefinarbial siatementy thetrusteesare qulred to: seleetsuitsble actourting policie5 and then apptythern consslenty, oter¥e the methods and prinapks in the Charitie% SORP.. make judgements and estsrnatesthatare rea%)nab and pruden¢ State whether ap3e UK coUnting Standard5 have Fen foikn¥e¢ suLyÈtt kn any materièl deparnjres dlscbsed and explained in the finarKial ststemeDts- prepare the fmancral sratements on the 8olng cortem tjw untess Ir is to wesume ththe Cha[trab company w511 confjnue in operation. The trustees are responsiNe for keeping prowracowntin8 Yeo)rd5thatithsdDse wlth reasonaWe acojrw atanybttthefin8Trd81 pos¥tion ofthe charitsWe company and enable them to utsure thatthefinart(ial statemes)ts comptywlth the Cornpanies Act 2C¥)6. The trustees are also resrK)nsible for *egUarthI the assets of the rJJartt3bk comparby and hen fortsklng reasonable steps for the preventlon and detection offrl and ots irwukiritle> INDEPENDENT EXAMINER Hal Watts Accountsnts are be prOSed for a5 Ind2w¢knt EXam1T foi the enA4ing year at the Annual General Meeting. Registered offits: Llncolnshire Showground Grange de Llngs Lincoln Lincolnshl LN2 2NA Approved byoTderof the boa and W on tts behaKty. MfAWJ b¥ldge-T
TrUSTEE REPORT F(XtThEYEAR ENDED 31 DÉCEMBER 2025 132nd ANNUAL REPORT FOR THE YEAR ENDED31 DECEM8ER 2025 It enfes me to presentthe KsAnTl ReFrfKtforthe yearer¥Jed 31 DKemtr 2035. Flnan A statement of the Soclety's financ1 operath)ns for the.year appear5 in the Accounts 7•thlch forrn part of this port. I would also draw your attention to the Report Independent Examlners whKh sets out the respongblleS of memEets tsf Courtil and to the Report of the Council. 2025 began strongty with the Sale of Trnin¥1? CaopJs at the StirhTrd Bull Sale in Fe for 13.(W 6. bred by JasTs Cameron. Angus. Scotland. sired by Anwick fTreld P3673. out of SL Fort Frosty Y989 and sold to A Myliu5 & Partnerfs St. Fort Herd. Frfe. Scotland. A record price for Lincoln Reds at StlrllNx. Soclety Shows & Sales- Prernier Ped- rees Show & Sale and Multi-Breed Sale 22nd March 2025 at Melton Mowbray Market. NottinghamTrent Universitys 8rackenhurst Captain, 1st in hts CLiss. Senlor and &Jpreme Champion Lincoln Red sold for B,000 Gns. R I Cbugh & Son's Beverley Constable. 2nd in hi5 aass sokl for 5,(KKJ 3 bu115 501d tts an overall average of 5.400 Gn5, up a Little on 2024. 2 Females sold to an oveAII avenge of 1,425 Gns down substantialtyon 2024. Hhest prId Helfer was Jamie Quinn & Sue OINer's Axholme Ceres C102 who was Reserve &Jpreme Champ#)n Female. wld lor 2.0 Gn& Noted all animals eftiered at S(Kkty Sales must be prerno¥ement T8 tested and thelr Herds rnu5t be in CHe(5 approved Heah hemes: Accredited Free of BVD and JOeS Risk Stst¥s l and 4. hrteMberSwlKe health stheme does not Include testing ft>r IBR & Leptts must continue to test anlmab forward for the two diseases NJ IS than 3 rntsnths prior to the Sa. It is a150 strongly recommended Females a tssted for NeosrM)ra. tt is a Pdctthis Annual Show & SBle was poorly supported bv both Verndots and Purchasers. 2025 Autumn Show & Sale and Show & Sale w cafves at Merton Mowbray Market-council decided r#Xto hold this Sale as It Wa$fe nurnbeTS would be subdued due to the Donington Herd DpeI Sale held on 17th October. National Herd Competltlon- in its sixth year- noted IN) rew Members participated with 29 Herds entered- Judging rrIed out in SèptsmbÈr/ottober by Mr Chris Page wrth a Pre5entstKsn Evening tt first ekend of November. Congratulations to all the Winners and the 2025 Overall Judges Choice was won tyTony aln5 Wesraue Bryony. Thank you to all our Sponsors and Mr I McNee for organtsingthe evenL Membership 8 new Full Members, I new Junr Mernr & I new Assockte Member joined the Socièty during the year. The membership as at 31st December 2025 stood at 6 life wic&Prdets. 3 HOrry Lite Asso(iate Members. 146 Full Members. 34 $Slate Mernbers and 2Junior Members. Membership is down due to members tseased and resKgned.Thènkyou to all our artfve Memr$ foryour continued support. Volum¢ 125 of the Nerd B¢>Dk The folbwing regtstratlons were recorded in Vdume 125 olthe Herd 80)k lat itstimeof 4oingto pnntl. Bul 100% Original Popviation Bred Pedigree ncOln Red Bre Develo mentAnimaL8A&B TOTAL 104 531 Comparatlve totsls in Volurne 124 were 66 Bulls and 783 Femak& ReOstsatxs bwer. ParDalty attributed to having k)st 3 of our most longsrandingand largest Herds In 24125. notsblythe Walmer. HeMlty3nd tlonington Herds. Sumrnershows with OffKial liOIN Red Clas Ncttinghamshire County SIK)w - 10th May - Breed Champion Ntht Breed tharnpn was 8rnckerthurst Commander hred & exhibited by Nottingham Trefit Unwersity and Reserve Breed ChampKm & Junlor Na Beef Champlon was Brackenhurst Diana D724 bred & exhibited by Nottingham Trent UnNersitv. Woodhall Spa Country SIK)w- 18TH May- Inter-Breed Reserve charnpn & Breed Champlon was La Fontsine C•saTwa bred bv Scott Thompson & exhlbited by John Capp and thampion Female & Reser%E B¥ted thampkjn was Beverfey KeIe C62 bred & exhibited by R l aovgh & n. Suffolk County Show- 28th & 29th May- Male & BreJ Cthamplon wa5 Yarn HIM oth)e bd & exhibited by Natasha & Rlchard Mann and Female & Reserve Breed Champlon was Bate5 MOOT Cara C23 & exhlbited by Izzl Rairw. 191f Rutland O)unty Show- lstJune- Breed. NatNe Breed Beef & tharnpn was Bates Moorcara C23. bred & exhibited by Izzi Rainey. 140th Lincolnshlre Show & ScoeWs National SIThT- 18th & 19th June- Champ>)n Bull, SUrne Breed Champion & Supreme Beef & Native Champion & ReseNe 8eef Overall wa$ 8ratkenhursr Commander bred & e¥hibtted by [U. Charnpitsn Female & ReseNe Breed Champion was Howte Jessle C214 tKed & exhlbited by Ed Middleton; JuThr Champion Bull & Reserve Junior Champion was Hobarr Dylan bred & exhibited by Tony & Emily Barnbrfdge: Junior ChampKJn Female & overall Breed Junior Charnpion was Brackenhyrstjessle 0738 bred ty Kru & exhibited ty thris Page & Melissa 8otbn- Junior Reserve Champion Bull wa5 Brackenhurst Dw bred & exhlbited by fftj.. Reserye ChaMprt Bull was iA Fontsine Casanova bred by kott Thornpson & exhibited by John Capp: Reserve Junior thampion Female was Holegate MO1 D239 & exhlblted by Ed Middleton," Reserve Champlon Female was Bates Moorcard C23 bred &exhitrited lry lui Raww. Page 3
KIRIHE YEAR ENDED310ECEMBER ZQ25 YFC Heifer HandllngCompetit#Jn Winnerwas Lou55 Brayfrom SpilsbyYFCwrth Holegate Molfy D239 who won best Hetter.. Rlup was Amy Baldry from Spi15by YFC with Beverley Gfft Dll: Rlup Heifer was Rtseholme Hannah D802. A record 11 YFC Competitors this yearl Royal Highland Show- 19TH TO 22ND June - Best Junfor Female. jUftr Champkjn. Charnpkjn Female & Breed Champion was Auchmacoy Ada D73 bred & exhibited by Sharon Buchan: PJJchrnacoy Ada 073 aLs0 won the Ny)5t prestigious Gold115 carat, 37 TrOYou Trophy) Fffe and nIo$S Perpetual Challenge comrn55sw)ned try MP Lord Nlnkan Crichton-SttJart to comrnerrK)rate the Sta8 of the Highland Show in Ojpai ip 1912. The Cup awarded to a dIFfent Bld Champion each year and 2025 was the Lincoln Red'5 tUTn for thefirsttlmel Champbjn Mak & Reserve Breed Champion was Tralnview Cassius tsd byjames Carneron & exhibited by A Mylius & Pathers of St. Fort. Reserve ChaMpn Female a5 SL Fort Anne C410 bred & exhiblted by A Myliu5 & Partners of St. Fort. Reserve Junlor thampfon. Reserve (thamplon ma Champlon olal Popuktlon St Fort Hill Duke bred & exhibited by Mrs H Myliu& Royal Norfolk Show- 2Sth & 26th June- Fema (hamphjn. Breed thèmpion. & Reserve Native fema Charnpitsn was Bates Moor Cara C23 bred & exhibited by Izzl Rainey. ma tharnixory Junlor Champion & IteseTve Breed Champw)n wa5 Hobart wlan bd & exhibited by Tony & Emily Bambrldge. Great Yorkshire Show- 8th to Ilth Jutyt-fin Native Bd aass- Interbreed B&f(hamon was BckenhurstjesSte D738 bd by Nottingharn Trent UnNetstty & exhibi by C Page & M Bollon. Driffield Show- 16th Juty - Femak Charnpion. 8ed charnph) JuTrr Native Breed chaMp)n Beef Charnp was 8rackenhurst Jessie 0738 bd Nottirgham Trernt UnNetsrty & exhibited by C Page & M Bolbn. 141alE aMpIon & Reser¥e Breed thampion was La Fontaine Casanova bred by ScottThornpson &exhiblted byjohn Capp. Heckington Show- 27th Jttly- Male (tsmpv)n and 6ed Chamton was La Foniaine CaSava bred ScortThomp50n & exhlbited by John Capp. Female Champk)n & ReseThe Breed th•mpk)n was Cory%arth NarKy C299 bred by Marun & Derrick Cooper and exhibited by Hayleywilliamson. Aysham Show - 25th August- Junior Champion. ChaFllPiOD Female. Breed (hampKJn & [3[1 Intetbreed Champion was teS Moor Qra C23 bred & eXhibid by ltti Rairw. ChompKJn & ReSee Breed 0mp}ft was Hobart Dylan bred & eXhIbed byTony & Emily Bambridge. Scottish Shows Frfe Show - 24th May - ma & gjpreme (hampfion Wds Trnlnview Casslus bred ty James Cameron & exhibited by A Mylius & Partners of St. Fort. Female Charnk4on & Reserve Breed ampion was St. Fort AnrE C410 bred & exhibtted by A Mylius & Partners of St. Fort. Central & West Fthe Sh¢)w AONB- 7th June- Lintoln Red Chamtxon St. Fort An C410 bred & exhibited by A wfius & Partners of st. Fort and Reserve ncoln Red Champion wasst Hlll t)uke bred &exhibited Mrs H MWIUS. Perth Show AONB- tsr & 2nd August- ReseNe ¢Jwmpbn wasst Fort Hill Duke bred & exhibited Mrs A Myliu5. Turrlff Show AONB- 3rtl & 4th August - ma ¢Jwmpion & Supreme ChampK)n was St Fort Hill Duke bred & exhlbr(ed by Mr H Myllus. Female Champion & Reserve Overall Champton was Atjchmacoy Brdnro D79 bred &exhiblted by Mrs S Buchan. Mrs Jayne Borrows eorrtfnuesas 5ecretsryto the Llnwln Red Sxth. A¢hievement and performan¢e Charitsble arti¥ltles lrnwrtart Even &Bnet Projec¢ which colwed and colLed bedIe¥8laITr dats forparticipaiing Herds has been supported lor another year. Beeftech 25 Scotland thankyou to Sharon Buchèn, Cameron Betts.Jarne5 Cameron, valer Orr and the Mylius farnltyfororganing and manningthe stand. Countryside Llncs and Hecknngton Show haNE pTry0t)nal stsnd5 fortt g)oety and lfve aninats Ere klndty supplied by Geoff & Jenny Bolton. Countryside Lin¢$ in April is an excellent day out for the enti Famity at the LyKolnshlre Showgrourtd. The live anlma15 aayS draw a lot of interest- thank you Jenny & Geoff. Th@ Annual Farm V15r( was hosted by the Ruttk He, in Chorley- thank Y( to Matthew Ruttle and all his Team, In particular Rlchard Jackson and his Famity, who so gerterousty knted us. Sadty Tr)t parttularly well attended but a great opportunity to view Lincoln Reds. Herefords and Water Buffalo and to see the Butchery & Farm SIKP. Thank you too to Dean Hullah, our rovlng Reporter. who gave an eXcelnt report of the day in tyjr Issue 5 Journal. Heckingtoft Show- July- thank you to Charles PirKhFck and h¥s Hecklwn SIThT Team who PTovid2 a MarqLe lor Lincolnshi Native Breeds and Rare Breeds (the Eng]h Goat). Of partKuLar Inte$t to the publK is of course being able to get up close to the Uncoln Reds, all age groups are tascinatedleThthrnlled= our special thanks to Geoff & Jenny Bolton Iwragbyl whts brought along a Cow antl Caff on Saturday. Sunday WTa5 busy with enqu1. desprte YLOt hawng INe animals on the Stand due to all LRS belng shown. The Society ran"Guess the weieht of thÈ Cowarbd Caif-thanks to b)th the Unwlnshlre A4rtcuural Sockty for providin8 FaMItiCkett0 the Food & GrFt Fèirand Rand Farm ParkfoT a Famityiicket for a dayoutat Rand Farm Park. Agri-Expo Carlsle: thank you to lan McNee and Cthrb Page who orvdned & operatsd our Stand vrith wekome a$5iStance from Martln & DerTickCooperwhotookalong Corwrth Del Boyforthe dsth. CharitabEe acti¥itles Important Events U)niNiued_.
TRUSTEES. REPORT FOR TIEYEARÉNDED 31DECEMBER2025 NètKnal Herd compet9 - in the Autvrnn - thank you to an our extremety generous Sponsors and to those Members who participated. Itwas good to see 29 Herdsentered. The Presentation Evenlng had to be moved at the ethnth hour-thanks to Je OINer for finding another venue at such short rK)tke. Thank you lan McNee who continue5 to ooanise this EvenL Wh assistance from the Office. Thank you too to 0urjudge-thvearChr Page and hiswife Sharon. The En8llsh Wlnter Falr. thank to lan McNee and Chrfs Page who orEaiw5ed & owated our Stsnd with welcome a5SiStance fromJenny HurstandTony Bambridge onthe Saturday Food & Gift Fair- held during the last weekend in November- ideal opportunrty to pick up the Chrtstmas Roast from the Tancred Fami Shop Stand - Dean and AngeLI Hullah 5UPPOrt Event the Sjaety Stsnd alongside all extolling the virtues of Llncoln Red Beef and discussing the Breed. Breeders Past and Present-thi% ytar we thank &Je OINer. kottThompson and the Willlamson FamllyfoT their assistarte on the siand. Developments Registrations of both Bulb and Herfers has dropped off a biL due to very good prices being pald for beef - it would be reassuring if tre We mo. The Signet Project in rts 4fH year, tske-up cgntinue5 to be disappointlng considerin8 the Society Is paying for It. Esurnated Breeding Values IEBVS) shguld begin to rnake sense as the recordsldats expands. Whilst an excellent promOtn31 tool for Breedets; cn¢11 have had to make the awkward defi0Th. due to fi¢01 constraints OTh the BudgeL to stop subsidising &gnet and repurpose those fuTrd5 irrto other promotioThal areas. However. it has aed wr(h gnet to continue 5upplyingthe birth and calving dats forthose mem15 shIng to continue PerfOrn)are RecorfirE uftderthelrown steam. In order for the Socw to maintain accurate recorits regarding the tx>pulatiTrn of Lincoln Reds in the UK we remind Memr5 it is essential you keep your Herd records Up-tdate- whether it deaths. transfers and C•knr- all calves should be nottFied to the Society: recordlng caIng ease and blrth WehtswheR wssible. Bulls are SNPS Prof51ed, Sire Verified, Polled aftd Wostatin status recorthd before Regthtion- rc Is noted 2 Myostatins are pvalent - F94L and nt821DELII - 8u115 with 2 coples nt821DELII wdl not be Registered. Only Homozygous Polled bulls a pertnitted at Officlal Society sa5. took effett from tstjanuary 2023. Hetemtygous Polled bulLs are still eliglble to regIsted. The Society continue5 to coverthe trdnsition from MKr05atell(teto SNPS of &fes already proffiled but repeatsampfing rnust be paid for by Members. Councll thanksthose Memberswho a ¥OAnrIty DNA Pn)filinBtheii Herfers. The Counc51 have agreed to join forces with SellMyLivest(Kk ISML) rtal ts set up bets¥eeA SML and the Untoln Red Websjte. Members have to join as Members of SML-once a Pedvdree L¢rKoln Red s kX)Sted/submrtted an email comes through to the OFhce for moderation: provided the animallsl are Pethigree and Member 15 In good standlng wlth the Society their beatt Is approved and appear5 on Swetys Website. These kxjstings are then e mailed to ShAL member5 and on their soclal medla channels providing fvrther exty)sure of UrKoln Red to ffKJre lfvestLKk hrrners. SOcty coniinues to offer Members the opportunity to advertise on the LR catt For Pate. JI Official Socvèty Sale5 have High Health Status: all Ven(W)rs must be Members of a CHeCs approved kheme,. Herds must be Accredited Free of BVD and wrthin jOhS Rk LÈve15 1 to 4. Member5 conti•ue to joln Health Schemes. Purchase transfer fees are collected by the MarES on beha of the SoctyatOffidal &xletySales. Private sales transatted on lyjlls and femakscontinue. Iestment performan The value of irwe5trfients IreaSed bYEl7t0£4.I35 whlch rellects markettrend. Intsmal and external Blue Tongue 8T3 Control Zones- Membersare urged to keep checklthe relevantgo¥ernrnErtwebsttefor updates. As pressure builds on the beef and meat industry to be rTh)re carbon foot print friendty we must continue to reeducate the consumer and oursefves aboutthe value of Uncoln Redswhichfatten off grass and fixcarn l)xklnto the soil-th5s should prove perfetttime for our Breed and all NatNe Breedsto retake some of the MarkeL The Sustainable Fam)ing Initratwe ISFII provlded an oPrt to graze (le on the NatNe Breeds at Risk Ilsi of which tsncoln Red Cattle a on at a favourabk rate, and r( quite$ the cattle to be Pedi8 Rewstered to qualrfy. However the scheme was withdrawn as a wh)le by 8ovemment as it ran OLrt of dgeted lund& It has Just been annourted SFI Is coming back and the supportfor Native Breeds at Rk remains and s ntkome. Reserve5 p¢Ai¢y The reserve fijnd represents the unrestricted fitnds ar151 frorn pst operating resuks. Unre5trirted funds amounted to £173,248 of this £Z4,751 Is freety avatkble because the balarKe Invested in fL¥ed asset imiestmeThts and bank investments. The Councll Members have detemiined thaL given the current familng dimate. the approprote le¥el of free reserves should be equiwdlent to approximately two years expenditure. PFinupal funding soyr¢es Sourees of Income Include membership. Catt rstrat)n5. fjfft Aid and small amounts of rnerchandi5e. Noted the knncoln5hire AgricultuTrl Soaety Grant has beeTr reduced. The Courtil conrinues to ercise control over exFenditure wherever possible and seeks additional iome from the SaOf advertisirgznd 5pon9)rshipfrom external x)urces. Investment pollcy and objecti5 Under the memorandurn and arbclesof assocotion. the chaiity has the make arry i¢westrtntwhkh the Council members see fit. Page S
FOR THE YEAR ENDED31 OECEMBER 2025 ptan5 forhrture periods COUKII WTII continue ts pursue its otrlecti¥es and in doing so will cortinue to ensure p¥udent management of the Society's affair5. Breed and Beef prornotion will tont5nue during 2026 and Coufiol and Members are ur8ed to pull together to enhance interest in our knncoln Red cattle. Council corrtinue to look atwaysof maintaining the tharty's IrK0. Conduston The Bfltish beef industry conttnues to go tknugh a tOU8h tTrme. despriè son of hest LEef pr1 any of us will have experlenced in recent tirnes. There a continuing fall in tef suckler cow number5 and the number of farm5 WTth beef cattle. unfortunately tinwln Reds are not 1rnMur to thsfactor was with deep regretthatwe saw the dispersal Of3rer010ur krgestand mort lor51anding Herds beingthe Doniwn Herd in ottobeT. Thank you to everyone who supported the and wekome to new Member5 who started their Herds wtth foundation stock from thi5 dispersal sa. It was deend a very succe55tul sale of quality stock which wlll add to the many Herds that invested in these blood lines. However it is so very en¢oura8lng that we have weknmed 8 new Full Members, I new Jun¢Dr Mernber and I new Awclate Member Into the SLKiety. The bncoln Red Breed does love attributes that a ideal for the mdern farming systems of regenerntlve mlxed farmlngaThl we have theopportunity to esJ5ure Lir01 Red Catde habt a valuable role to play In tIK)se farming system& Council are pningtO see the return of the Soclety Autumn Slx)w& sa whth Is histortil-tsdIes drf. Bfeeders do still enjov congregating at the Market andloraround Show Ring& Our annual Spring SIKSW and Sale was impacted by k)w attendartt- whllst external fac)r$ can be blèmed- we would like to mind Mernber5 ff you don't wpport this and other Events we may be in datyr of bjsing them and losing out a market Share as they a a very effective means of promoting r rnarvelkws Breed. Thank you to all of Council and Committee Memr5 for their ]Untary contribu0$ of time and ass15tsnce in ensuring the colltinued promotKJn of tyjr Breed and lor your astance in the rnnniry of the &)cW. SFecial thanks to Robin Dennett,. our proatti¥e Patron.. Thanks to Martin aouRh for tr.g up baton as Chalr of FiDarL. Thank you lart McNee who Chairs the Marketing Committee- you and yourTeam ha¥e had a busy year whh a0 irKluded the producth of anotherjoumal - thank you Jenny Hurst. Chlef Editor, arbd eVeryOr contributing artiCand suppo£thrOUgh a0ertinK. The Scothsh MernbeT5 Group Chalred byjames Camemn areas ever prart in their promotyon ot our Brd. Thank you to our Digttal marketi Gn¥Jp. compTisin8 Cameron Betts, Sue OINer. Izzl Rairw & Martha Hayes who drNe our SOcty soc] rnedia campaign. editing our FaCe1k Page and ass151ing wrth the Website. Just prr to the Spring Sale it was noted over 70.000 had interatted wlth the Society pa8e5 vthich isfar greaterthan would be p)S[twe ched through prfnt medla. Thank you, too, to Martln aough continues as ourYFC Representative. Thank you tt> Chris Page who has teen our thlef Stewardzt Offioal YKfety Saksfora numberof years. The Newsletters and Website are run fromthe Offi. thankw)u to all contritrMrtor5 of articks for the New5ther. Thank you to you our Member5 vtho corttinue w SUPFQrt U5; WttIK)Ut Breeders we wouldn't hwe a Bleed. Please erourage new Breeders io become Members when rnabng sal It would be good to see a few More Rezstratiors. are on RB5T Breeds at Rtsk i&r with less than 3CW Registeied breedl Fernale5. please remember that whibt knncoln Reds make great seT cows anLI exceln[ rnums to cro>s-bred calves we a the Custodians of our Breed and must continue to breed Pedi8¥ee placemen I'm sure with the enthussm from all Members. old and new, our8reed can go from 5trefj8th to sh. STRucfuRE, GOVERNANCE AND MANA6EMEiir REFERENCE ANO ADMINISTRATIVE DEfAEL5 Registered Company number 278 (EnEL9r and Waksl Re8lstered Charity number 215662 Rtgktered offl Uncolnshlre Showground Grange De Llng5 Llncoln LN2 2NA Page 6
TRUSTEEV REPORT Trnstee5 The trustees who served the cornpany thir1the Ferlod asfollow5:. Mr R E Dennett Mrs CJ Bettinson MrGW Botton Mr R I Clough MrA Myllus firtr GJ Parklnson Mr M Read Mrs S Stennett Patron R&apwlnted 07.052025 LifelfK&Prestdent Life w&preSeTht Lrfe Kresident Ufe WKe-President Life Vke-President life IfPreSIdeTht MrA WJ Bambrldge Mr D Hullah MrCSPage Mr R WaTlng Mr SThompson Ms S M OINer Mrw Ejackson Mr l McNee MT P M Utyjgh Mr P Beginn MrC8etts Miss M Hayes PSIdent Elected 075025 Elected 03nS.2023 Eletted 03A)52023 eLted 03D52023 Elected 03.05.2023 Ekned 15.05.2024 IS.05.2024 Ected 15A)5.2023 EJeLted 071152025 Elected 07.052025 Elerted 07.05.2025 Elecled 07.05.2025 Mr C Mylius Eiected07.05.2025 Mr P M Cknugh Secretsry MrsJJ Boyr IndependertExarnlner Allison Cowell Haines Watts 23 Algitha Road Skegness United Kingdorn PE25 2AG BFP FCABA IHoTbs1 Approved OrderOf the 3rd of - and5* on Its tehaw ty. MrAWJBamb e-Trustee Pa8e 7
INDEPENDENTEXAMINEfS REPORTTO THETRUSTEES OF UNCOLN RED CATnE soaETYmiEI Independent exarnlnees rep)rttothetrn5teesof LKKoln Red CattleSo¢kn(fvi rthecnl I report to the charity trusteeson my examlnaiion of the accounts of the Companyfortheye6rended 31 December 2025. esponslbllltks and basi50f repwt As the charity's trustees of the Company land atso its direcEors for the purposes of cofflpany kw) you are responslble for the preparat5on ofthe accounts in accordance th the requiremerts of the CompansAtt 26 llhe 2CQ6AcVI. Having sattsfied myself that the accounts of the Coffipany are not required to bE audited ynder Part 16 of the 25 Art and are eli8ible for independem examinatlon. I report in respect of my etsMiriiofft of your charitys accounts as Carrd out under Section 145 of the Charities Act 2011 lhe 2011 Arfl. In carryw¥ out my examiftaiion l the foltowed the Direcknons glven by the Charlty Commlsslon under Sectton 145151 Ibl of the 2011P£L Independent exarnlnee55taternent I have completed my examlnation. I confinn that rnatter5 have corne tD ry attthon in connection with the exaNnatiOn VIng rne cause to bd¢eve'. accounting recordswere kept in resof the Company as quIred try Section 386 (sfthe 2C#)SAtt: or the accounts do not accord with those records; or the accouftts do not comply the accourrtkng rewents of SettK)n 3% ofthe 2LM)6 Art Otrth0 any requirement that the accounts give a true and fair vlew whKh rnt a mattercon5iderd as part of an independent examlna15on.' or the accounts havÈ not boÈn prepared in accordan wf(h the methods and princfjpbes of the StaterEnt of RecommerKled Practice for accounting arJ reporting by charitles lapplkable to charÈbes preparine their accounts In accordance wlth the Financial ReportingStsndardappltsNe Intt* UK and Rewbit of Ireknd IFRS 10211. I have no concerns and have come across no other rnatte in connectn with the examlnation to which attentlon should be drawn in thi5 Qport in order to enable a proper understandin8of thEaccountstts be Ilson Cowe 8FP FCA BA IHonsl Haines Watts 23 Algitha Road Skegness United Kingdom PE25 2Afj Page 8
ATEMENTOF NANCLACVrnE5 FORIHE YEAR ENDED 31 DECEMBER 2025 2025 Unrestricted 2024 TotalfvrKIs INCOME AND E14tM)WMEKf5 FROM onat(ons and legacies 17354 22,756 ChariEable artlvltles Breed wormtion and other charitsbk acmies 25.103 27,484 OtrtradIng actfvtoes Investment income 12.121 3.616 13,739 3.2Sf) Total 67,269 EXPENDITURE ON Raisingfunds 728 alitablE artl¥llles Breed promotion and other chariiabie activrtles MaintenarKe of herd b(x)kand administratloTh 19,908 35207 28,061 35,771 Total S620 64.560 NetRalns on Investments 328 NET INCOME 4ml 3.037 RECONCIUAnQN OF FUNOS Totsl fund5 broughtforward 169247 166,210 TOTAL FUNDS CARRIED FORWARD 173348 169,247
U14COLII RED CATnESOaEfY(IHE) srATEMENTOFFINANCIAL poynom 31 DEIIMBER 2025 2025 Totsl funds FJXED A55ET5 Tanble assets Investments 3.551 2,308 8J77 5,859 CURRENT ASSErs Stocks Debtors Investments Cash at bank 1736 3251 8270 24,751 2,693 5,369 135,025 22,586 169. 165.673 CREDITORS Amourtsfallin8 thewlthln one ar 14.6371 12,28SI N(uRRENT ASSErs Smi 163,388 TOTALASSEYS LESS CURRENTUABiunES 173J8 169,247 NET ASSETS In248 169.247 FUNDS Vnrestrtctedfund5 14 In.248 169.247 TOTALFUNDS In.248 169,247 The chaihable comparhy Is errtltled to exerrytion from audlt under secim 477 of the Companles Act 2CX)6 for thè year ended 31 Decemter 2025. The members have not required the ts)mpanyto obtain an audit of its ffir•ndal ststements for the year ended 310ecember 2025 In atcord3nce with Sertion 476vf ttt Companles Act 2(X)6. The trusteesacknowledge their resrA)nslbith for ensuring that the charftawe company keeps actountlrv4 recon15 that tomp wlth 5ection5 386 and 387 ot the Companies Att 2006 and pparIng ftnan(lal staternents whth wve a true and fair of the state of affair5 of the charitsbte company as at the end of each firAnciol year and of Its surplus or deftit for eath finanual year in accordarKe with the requirements of SettK)ns 394 and 395 and whKh otherwise Comp with the requInts ofthe Companies P4t 2006 relatirb8 to financlal ststements, sofaras applicable tothe charitsblecompary. Ibl These Ilnancial statements have prepared in accOnJat wlth the pro¥lshMs apP1kab to CharItab companles Subject to the small cornpan(es Tegim ThefinarKlal thtements were approved bythe Brd of TnE51ee5 and authortsedfor ue on. ¢a.S. IoLIA..-......... .. and we slgned on its behaw by. MIA BaMtsdge-Tstee Page 10
NOIESTOTHE FINANCIALSTAIEMENTS FOR THE YEAR ENDED31 OECEMBER 2025 Ba5isof prepariry thef1nancial5tate The financ1 ststements oFthe charitable compaTry. whith is a wblic berfft ent under ID2. have been ppad In accordarKe wrth the chare5 SORP IFRS 1021'Accounting and ReporDre by Ojartries.. 5tstsnt of Recommended Prartke aplble to charities preparing their accounts in accordarKe the FinancKIl Reporring Standard applicable in the UK 3nd Republlc of Ireland IFRS 1021 leffeLtNe i January 20191,, Financial RÈFX)rting Stsndard 102 Tr Financial Rewjrtlng Standard applkable In the UK and ebI of Ireland. aThJ the Compan$ Att 2£. The financial statements have been ppad under the historical cost convention. with the exptitin of srwestments whtth are i[uded at market walue, as modffied bythe alatn oftertain assets. Incorne All Incorr Is recognised in the Staternent of Fina1) Acbth onte the £harlty ha5 entrtlernent to the fvnds, ¢( Is probable that the income will be received and the arnunt can be MeaSud ab. Expenrfiture abilitiesare recoed as enlUre as sn aSthe is a gal OT CCrtsEnictive obliga)fi committlng the charlty to that exlture. It 15 probable that a tr4nsFer of ecoTh)mK benefits will required in settlement 2nd the amount of the OblatIon can be measured relkqbiy. ExFenditure 15 attounted for on afi accruals bas anLI has been dassrfied under headings that aggregate all cost related to the tategtsry. whe costs cannot be dirertty attributed to parocular headtngs they have en alk)cated to acbvits on a basts UJ$tertt wlththeuse of resour. Tangiblefixed ossets Depreciation 15 provided atthefoliowir4annual rtes in orderto lteOff eath a55etover its estlmated useful life. Pavilion Office equit*nent Fixiures and fittings 4% on dUnE bakn 15% on reduc1 IO% on balare stocks are valued at the of cost a1 net lalle 41. after tnatdn8 due allowance for obsolete and slow movin8 Iierns. The Charity ts exempt from corpJrat>Jn tsx on its cKifftableacti¥iti Fund xu)untTrya Unrestrkted fvndscan be used In KcordarKe wfththe charitsble 0iryecti¥esatthed15cretTr of the trustees. Restrlcted funds can onty be used for partkuLar restrKted wrpxJse$ vjithin the obj.ects of the charlty. Restsictlons arise whefi $pectfied by the donororwhen funds are Rised forpartw%larrestrKred purposes. Furcher explanaiion of the nature and pur of each is indudod In the note5 tothefinartial statements. rfftd asset inmimertt The listed investments are me8d3tfa1fale.Thfalr¥ae i5the oJrrent marketvalue. OTHER TRADING ACTMTIES 2024 IrKome from social functx)nsaNJ adverts Merchandise sales iU62 859 IL557 1,182 13.739 Page 11
1114COiN REDCATTLESoaEfY(ThE} NOIESTOTHE FINANaALSTATEMENT5.wrtirwed FORIHE IEAR ENDED31 DECEMBER2025 INVESTMENTINCOME 2024 DividenJ5 receNed Oepositaccount interest 371 3245 45 3,245 3,616 3,290 NET INCOME/IEXPENDrniREI Net incomellexpenditurel is stated after(harwledIty}: 2024 Depreciation-owned assets Independent reviewer 240 550 550 TRUSTEES. REMUNERATION AND BENEFITS There were no tnjstees. remureration or 0r nefits for the year ended 31 0mber 2025 [r for the year ended 31 December 2024. The were rKJ trStes. expenses pa•J forthe yeareThJed 31 Drnber 2025 rforthe yearended 31 December2024. STAFF COSTS The average nrthlY NJmt*r of employeeSduTiTthtèrWasa$f0lk)s. 2024 Employees No employees reied errttJlurrEnts in excessof £fA).CAXI. COMPARAMVES FORIHE ATEMENT0F ANANaALAcnvt Unrertrlrted fund Donatlons and a£le5 22,756 Charlble acllvltie5 Breed proM)n and othercharitrdblt Xfvlttes 27.484 0thertradl attivr(ies Irsvestrnent income 13,739 3,290 Total 67,269 EXPENDITURE ON Raislng funds 728 Charitsble activltles Breed promotKJn and Othercharltab activitses Maintenance of herd book and administration 28.061 35.771 Total 64,560 Poy 12
UNCOLN RED CArnE 500EtYiniÉi NOTE5 TO THE FINANaALsfATEMEfits. (4Jntinl FOR THE YEAR ENDED 31 DECEMBER2025 COMPARATIVES FOR THEAlEME1 OF FINANCIALAcrrvmES. rontiNed Unrestrlcted fvnd Net gains on investments 328 Ef INCOME 3,037 RECONauATION OF FUNDS Total fvnds brought fon¥ard 166,210 TOTAL FUNDS CARfdED FORWARD 169,247 TANGIBLE FIXED ASSETS Fixtures and Pa¥ir equipment Totals At l Janyary 2025 Addition5 9594 749 ZO.020 At 31 December 2025 971 IOA27 20/53 Depredatlon At l January 2025 Charge foryear 645 675 16A69 342 At 31 December 2025 658 9.171 16,811 Net bogk yue At 31 De¢ember2025 1719 4,(2 At 31 tiecember 2024 2,832 74 3,551 listed Investsments Maet value At l January 2025 Revaluatlon5 2,308 1.827 Al 31 ember 2025 4,135 Net b¢)okv4ue At 31 t)ettmber 2025 4.135 At 31 December 2024 2.308 There were no investment assets outskle the UK.
IIOTE5 TO THE HNANCIALSTATEMEIITS. rontinwd FOR ThEVEAR ENDED 31DEGMBER Z025 Cost or valuation at 31 DeMr 2015 ts represented br. LSsted lo¥e5tments Valuation in 2024 Valuation in 2025 Cort 328 I27 1.980 4,135 io. 2025 2024 Stocks 2.693 DEBTORS: AMOUNTS FALUNG OUE WIThIN ONE YEAR 2024 Trade debtor5 Otherdebtors Prepayments 1.767 1,783 401 3.728 1.276 365 3.951 5,369 CURRE1 ASSET INVESTMeNTS Cash Investments 138,270 135.025 CREDrroRS: AMOUNT5 F*IUNG DUEwmiifvi ONEYEAR 2025 2024 Othercred6tors Accruals and deferred income 4A67 170 1.680 43? 2.285 14. MOVEMENT IP4 FUNDS AtVIft5 fvnds 31112125 UnrestrlctedfurKIs Gerra1 fvnd 1fj9247 4ml 173248 TOTAL FUNDS Its247 4.)1 173348 Page 14
UNCOLN AED CATTLE 50aEfYiTHEI NOTESTO THE HNANCIAL WATEMENTS.r(xrtinued FOR THE YEAR ÉNDED31 DECEMBER 2025 mOVEmEIN FUNDS- wntirwed Net nThernent in funds, trluded in abo¥eareasfoIk. Incoml Gains and Movemert Infunds Unrwricted funds General fund (s6) 817 TOTAI FUNDS 156JJ201 IA27 4ml Net movement In funds At 31112124 Unrstrf¢tedfurK15 Generol fund 166.210 3,037 169,247 TOTAL FUNDS 166.210 3.037 169.247 Comparative net movement in funds. induded ffltsatLwe a asfolbs: Gains and MovernEnt in funds UnTenetedfUns General fijnd 67269 I64.5) 328 3,037 TOTAL FUNDS 67,269 164.5601 328 3.037 Acyrrentyear 12 monthsand wSoryear 12 monthscornbir*d poti0ft bas follows: movement Infunds At 311W25 At VY24 Unre5trfLted fvnds Generalfund IE6210 7.038 173,248 TOTAL FUNOS 166,210 7.038 173,248 A cufrent year 12 Mor$ and prior year 12 InthS combkned net movement in fvThd5. included in the above are as lollows.. Galnsand Movement in fvnds Unrestri¢ttd fund5 fjeneral fund 125.463 i0.5) 1155 7.038 TOTAL FUNDS 125.463 lllOS801 2.155 7.038 Page 15
UNCOLN RED CATfLEsoaEfYitHE} NOTESTOTHE FINANCJALSTATEMEPll5. mntinue41 FOR THE YEAR ENDED 31 DECEMBER2025 RELATED PARTY DISaOSURES It 15 considered that committee members are related partie5 of The Lintoln Red catt Society. Durlng the course of the Current and prevlous year. transactK)ns ha¥e been entered into to their p3rticipatK)n wlthin the Sety. These transactions are considered to have at am's length and to be wrthin the normal expetted course of their involvemEnt with ihe soclety. It ts considered that the Ydlue of transactions, both iTrJfvfdualty and co1CVely, ts lrnmater¢al to Ixbth the indiwdual comrnlttee emrS as well a5 the SLKiety. Page 16
DEfAIiEg STATEMÉNTOF ANANCIAL ACTMTIES FOR THEYEAR ENDED 31 DECEMBER2025 2024 INCOME AND ÉNDOWMEPIts DO•$ and legades tlonations Gift aid Bequeathment Grants Subscriptions 2A74 287 1,284 io,wo 091 11.185 17.354 22.756 Othertradlng acllvltFes Income from social functions and ao MeTchandise sales IL262 859 11557 1.182 13,T89 Inve#metht Income DNidends ceiVed Deposit account interest 371 3245 45 3.245 3ffi16 3,290 Chariiable *Nities Herd book Prefixes Transfer fees Entrance fÈes 20 ios 3,698 22,130 75 4.123 1.156 25.103 27,484 Total Incomln¢ wources 58.194 67,269 EXPÉNDITURE Ralslng donatlon$ and le83des Members meetings Charltable arti¥ities Wages and salaries Insurance Telephone Postsge arKI Statnry Sundries Sale of semen Herd book costs Breed promotion Subscriptions to national or8anisatlons Comwter and tralnlng costs Deprecrdtion- Pavilion Depreciation- Office equ$pnnt DepreciaUon- F1reS and frttin8s 28.377 321 647 1.249 47 $96 28,377 1,2SO 781 L573 70 712 1,339 27.349 134 J8229 146 1,478 114 539 62.809 This pa8È does fiotform part ofthe statLrtoryfinarKrdl statements Page 17
DETAILED sfATEMENTOF FINANaALAcnvmES FOR THE YEAR EIIDED 31 DECEMBER2025 2025 2024 Support Costs Independent reviewerfee Accountsncyfees Premises costs 5SO 255 218 L203 1.023 Totsl resour$expended 56mO 64,560 Nei In¢ome before gatns arKI knsse5 2,174 2.709 Reallsed re¢o8nis¢dRalns and losses Realised gaindll¢)ssesl on fixed asset inve51mer 1327 328 Net Income 4ml 3.037 page th)e5 Mtfom) Kort ofthe St3tutoryfinalal statements