REGISIERED COMPANYNUMBER: (WH278 (England and Walesl
REGISTERED CHARITY NUMBER: 215662
UNCOLN RED CATfLE SCKIEiyiniQ
STRAIEGIC REPORT.IRUSTEES' RÉPORT AND
UNAUDITED FlNANaAL￿ATEMEPIrS
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 str*8k reportfr*the yearenthd 31 tietemi*r 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 or*voteforthe 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 Offi￿r5 are.. President a Secretary and an Independent Examiner. All chosen at
the first meeting afterthe Annual General MeetirK The P￿ident 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 crcub￿l to n￿nber$Of thesocth.
Relatsd Parties
The Socvdty ha5 8 close relatiooship wth The iIKoln Sheep Breedas Associathjn and the LlncolTrshire Agricu￿181
Society. b)th are reg15tered charities.
OBIEcllvES A14DACFNmES
The princlpal oblective of the SOC￿ b to promte ts Lknco]n Red Breed of cAtde wlthln the County of LiK￿01nShyre but also
national￿ and internatyonalty.
Siunilic8rttAttfvltSes
The Society its objettives tty W[4￿rrIng Show5 artyJnd Country f*there Red Cattle are exhibited. organlslng
PedTgree Breeding stock Sales and Organi￿ng a Fa￿ Walk Iwbjett to DEFRA regulationsl. It ￿11 continue to SLlP¢M)rt the Young
Farmers Heifer Rearing and Handling cornpetr(￿n atthe LIr￿l￿ShIr￿ Show and at a5 nwry r￿OmOtional events as possible. As well
as pr￿u£1n8 the Herd Book. Newsletter and a Journal the organises a Jutyng and catdÈ evaluat¥)n training day.
The k)ciety maintsin5 a digtkl preserKe onfine and through social medla pJatform5to promth the Breed.
DNA PTofil¢ng of BulLs attime of Reglstrat#Jn is Th)w compuL%ory. the package irKIuL*5 &re Veri￿ation. SNPS Profilin& Polled and
Myoststin Status. DNA Profiling of Females Is erKoura8ed ho¥¥e¥er remains volunlary. Member5 had Free a¢￿$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 peth￿ree ￿[￿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 &I￿0mm[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 Generdlty*ceptedAccounting Pra¢b￿l.
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,
ot￿er¥e the methods and prinapks in the Charitie% SORP..
make judgements and estsrnatesthatare rea%)nab￿ and pruden¢
State whether ap￿￿3￿e UK ￿coUnting Standard5 have F*en 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 th*the Cha[trab￿ company
w511 confjnue in operation.
The trustees are responsiNe for keeping prowracowntin8 Yeo)rd5thatithsdDse wlth reasonaWe acojrw atanybtt￿thefin8Trd81
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 offr￿l￿ and ots irwukiritle>
INDEPENDENT EXAMINER
Hal￿ Watts Accountsnts are ￿ be prO￿Sed 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 ￿K￿sAnT￿l ReFrfKtforthe yearer¥Jed 31 DKemt*r 2035.
Flnan
A statement of the Soclety's financ￿1 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 respongbll￿eS 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 JasT*s
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. H*hest prI￿d 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 Hea￿h
hemes: Accredited Free of BVD and JO￿eS Risk Stst¥s l and 4. hrteMberSwlK￿e health stheme does not Include testing
ft>r IBR & Leptts must continue to test anlmab forward for the two diseases NJ I￿S 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$fe￿ nurnbeTS would be subdued due to the Donington Herd D￿pe￿I Sale held on 17th October.
National Herd Competltlon- in its sixth year- noted IN)￿ rew Members participated with 29 Herds entered- Judging ￿rrIed out
in SèptsmbÈr/ottober by Mr Chris Page wrth a Pre5entstKsn Evening tt* first ￿ekend of November. Congratulations to all the
Winners and the 2025 Overall Judges Choice was won tyTony ￿al￿n5 Wesraue Bryony. Thank you to all our Sponsors and Mr I
McNee for organtsingthe evenL
Membership
8 new Full Members, I new Jun￿r Mern￿r & I new Assockte Member joined the Socièty during the year. The membership as at
31st December 2025 stood at 6 life wic&Pr￿de￿ts. 3 HO￿r￿ry Lite Asso(iate Members. 146 Full Members. 34 ￿$S￿late Mernbers
and 2Junior Members. Membership is down due to members tseased and resKgned.Thènkyou to all our artfve Mem￿r$ 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& ReOstsat*xs bwer. ParDalty attributed to having k)st 3 of our
most longsrandingand largest Herds In 24125. notsblythe Walmer. HeMl￿ty3nd tlonington Herds.
Sumrnershows with OffKial li￿OIN Red Clas
Ncttinghamshire County SIK)w - 10th May - Breed Champion Ntht Breed tharnp￿n 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 charnp￿n & 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 Ke￿Ie C62 bred &
exhibited by R l aovgh & ￿n.
Suffolk County Show- 28th & 29th May- Male & Bre*J Cthamplon wa5 Yarn HIM oth)￿e b￿d & 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 & tharnp￿n was Bates Moorcara C23. bred & exhibited
by Izzi Rainey.
140th Lincolnshlre Show & ScoeWs National SIThT- 18th & 19th June- Champ>)n Bull, SU￿rne 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; JuTh￿r 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 ChaMp￿rt 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. jUft￿r 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 Sta￿￿8 of the Highland Show in Ojpai ip 1912. The Cup ￿ awarded to a dIFfe￿nt Bl￿d Champion each year and 2025 was the
Lincoln Red'5 tUTn for thefirsttlmel Champbjn Mak & Reserve Breed Champion was Tralnview Cassius ts￿d byjames Carneron &
exhibited by A Mylius & Pathers of St. Fort. Reserve ChaMp￿n Female ￿a5 SL Fort Anne C410 bred & exhiblted by A Myliu5 &
Partners of St. Fort.
Reserve Junlor thampfon. Reserve (thamplon ma￿ Champlon o￿l￿al 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 b￿d &
exhibited by Tony & Emily Bambrldge.
Great Yorkshire Show- 8th to Ilth Jutyt-fin Native B￿d aass- Interbreed B&f(ham￿on was B￿ckenhurstjesSte D738
b￿d by Nottingharn Trent UnNetstty & exhibi￿ by C Page & M Bollon.
Driffield Show- 16th Juty - Femak Charnpion. 8￿ed charnph)￿ JuTr￿r Native Breed chaMp￿)n Beef Charnp￿ was 8rackenhurst
Jessie 0738 b￿d Nottirgham Trernt UnNetsrty & exhibited by C Page & M Bolbn.
141alE a￿MpIon & Reser¥e Breed thampion
was La Fontaine Casanova bred by ScottThornpson &exhiblted byjohn Capp.
Heckington Show- 27th Jttly- Male (tsmpv)n and 6￿ed Chamt*on was La Foniaine CaSa￿va 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 & eXhibi￿d by ltti Rairw. ChompKJn & ReSe￿e Breed 0￿mp￿}ft was Hobart Dylan bred & eXhIb￿ed
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 a*mpion 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 colL*ed b￿edI￿e¥8l￿aI￿￿Tr 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 farnltyfororgani￿ng
and manningthe stand.
Countryside Llncs and Hecknngton Show haNE p￿Try0t￿)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 a￿ayS 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 SIK*P. Thank you too to Dean Hullah, our rovlng
Reporter. who gave an eXcel￿nt report of the day in tyjr Issue 5 Journal.
Heckingtoft Show- July- thank you to Charles PirKhF*ck and h¥s Hecklwn SIThT Team who PTovid2 a MarqL*e 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 A4rtcu￿ural Sockty for providin8
FaMI￿tiCkett0 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 orvdn￿ed & 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
NètK*nal Herd compet￿9￿ - 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 W￿h
assistance from the Office. Thank you too to 0urjudge-th￿vearChr￿ 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 t￿re We￿ mo￿. The Signet Project ￿ in rts 4fH year, tske-up cgntinue5 to be disappointlng considerin8 the Society Is
paying for It. Es*urnated Breeding Values IEBVS) shguld begin to rnake sense as the recordsldats expands. Whilst an excellent
promOt￿n31 tool for Breedets; c￿n¢11 have had to make the awkward defi￿0Th. due to fi￿￿¢01 constraints OTh the BudgeL to stop
subsidising &gnet and repurpose those fuTrd5 irrto other promotioThal areas. However. it has a￿ed wr(h ￿gnet to continue
5upplyingthe birth and calving dats forthose mem￿15 ￿shIng to continue PerfOrn)ar￿e RecorfirE uftderthelrown steam.
In order for the Socw to maintain accurate recorits regarding the tx>pulatiTrn of Lincoln Reds in the UK we remind Mem￿r5 it is
essential you keep your Herd records Up-t￿date- whether it ￿ deaths. transfers and C•knr￿- all calves should be nottFied to the
Society: recordlng ca￿Ing ease and blrth We￿htswheR wssible.
Bulls are SNPS Prof51ed, Sire Verified, Polled aftd Wostatin status recorthd before Regthtion- rc Is noted 2 Myostatins are
p￿valent - F94L and nt821DELII - 8u115 with 2 coples nt821DELII wdl not be Registered. Only Homozygous Polled bulls a
pertnitted at Officlal Society sa￿5. took effett from tstjanuary 2023. Hetemtygous Polled bulLs are still eliglble to ￿ regIste￿d.
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￿ ¥O￿An￿rIty 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. SOc￿ty 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 jOh￿S R￿k LÈve15 1 to 4.
Member5 conti•ue to joln Health Schemes. Purchase transfer fees
are collected by the MarES on beha￿ of the Soc*tyatOffidal &xletySales.
Private sales transatted on lyjlls and femakscontinue.
I￿estment performan
The value of irwe5trfients I￿reaSed bYEl￿7t0£4.I35 whlch rellects markettrend.
Intsmal and external
Blue Tongue 8T3 Control Zones- Membersare urged to keep checkl￿the 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 fixcar￿n 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 oP￿rt 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 R￿k remains and s n￿t￿￿kome.
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￿ r￿strat￿)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 i￿ome from the Sa￿Of advertisirgznd 5pon9)rshipfrom external x)urces.
Investment pollcy and objecti￿5
Under the memorandurn and arbclesof assocotion. the chaiity has the make arry i¢westrt*ntwhkh 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 ￿ h￿est LEef pr1￿ any of us will have
experlenced in recent tirnes. There ￿ a continuing fall in t*ef 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 Of3r￿er010ur krgestand mort lor*51anding 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 deen*d 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 Lir￿01￿ Red Catde habt a valuable role to play In tIK)se farming
system&
Council are p￿￿ningtO 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 Mem￿r5 for their ￿]Untary contribu￿0￿$ of time and ass15tsnce in ensuring the
colltinued promotKJn of tyjr Breed and lor your a￿stance 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 wh*h a￿0 irKluded the producth* of anotherjoumal - thank
you Jenny Hurst. Chlef Editor, arbd eVeryOr￿ contributing artiC￿and suppo￿￿£thrOUgh a0￿erti￿nK.
The Scothsh MernbeT5 Group Chalred byjames Camemn areas ever pr￿art￿ in their promotyon ot our Br￿d.
Thank you to our Digttal marketi￿ Gn¥Jp. compTisin8 Cameron Betts, Sue OINer. Izzl Rairw & Martha Hayes who drNe our SOc￿ty
soc￿] rnedia campaign. editing our FaCe1￿k Page and ass151ing wrth the Website. Just pr￿r 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 er*ourage 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 s￿￿eT cows anLI excel￿n[ 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 enthus*sm from all Members.
old and new, our8reed can go from 5trefj8th to s￿￿h.
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 thir1￿the 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￿&preS￿￿eTht
Lrfe ￿K￿resident
Ufe WKe-President
Life Vke-President
life If￿￿PreSIdeTht
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
P￿SIdent
Elected 07￿5￿025
Elected 03nS.2023
Eletted 03A)52023
e￿Lted 03D52023
Elected 03.05.2023
Ekned 15.05.2024
IS.05.2024
E￿cted 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 rthec￿n￿l
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 Compan*sAtt 2￿6 llhe 2CQ6AcVI.
Having sattsfied myself that the accounts of the Coffipany are not required to bE audited ynder Part 16 of the 2￿5 Art and are
eli8ible for independem examinatlon. I report in respect of my etsMiri￿iofft of your charitys accounts as Carr￿d out under Section
145 of the Charities Act 2011 l*he 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 exaN￿natiOn ￿VIng
rne cause to bd¢eve'.
accounting recordswere kept in res￿￿of 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 re￿we￿nts of SettK)n 3% ofthe 2LM)6 Art Ot￿rth0￿ any requirement
that the accounts give a true and fair vlew whKh ￿ rnt a mattercon5ider*d 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 ar*J 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 connect￿n 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 ￿NANC￿LAC￿VrnE5
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
Ot￿rtradIng actfvtoes
Investment income
12.121
3.616
13,739
3.2Sf)
Total
67,269
EXPENDITURE ON
Raisingfunds
728
a￿litablE artl¥llles
Breed promotion and other chariiabie activrtles
MaintenarKe of herd b(x)kand administratloTh
19,908
35207
28,061
35,771
Total
S6￿20
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
Tan￿ble 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
p￿parIng 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 requI￿￿nts 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 B￿rd of TnE51ee5 and authortsedfor ￿ue on. ¢a.S. IoLIA..-......... .. and we
slgned on its behaw by.
MIA
BaMts￿dge-T￿stee
Page 10

NOIESTOTHE FINANCIALSTAIEMENTS
FOR THE YEAR ENDED31 OECEMBER 2025
Ba5isof prepariry thef1nancial5tate￿
The financ￿1 ststements oFthe charitable compaTry. whith is a wblic ber￿fft ent￿ under ID2. have been p￿pa￿d In
accordarKe wrth the char￿e5 SORP IFRS 1021'Accounting and ReporDre by Ojartries.. 5tsts￿￿nt of Recommended Prartke
ap￿l￿ble 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 ￿e￿bI￿ of Ireland. aThJ the Compan￿$ Att 2£￿. The financial statements have been
p￿pa￿d under the historical cost convention. with the ex￿ptitin of srwestments whtth are i￿[uded at market walue, as
modffied bythe ￿￿al￿at￿n oftertain assets.
Incorne
All Incorr￿ Is recognised in the Staternent of Fina￿1￿) Acbth onte the £harlty ha5 entrtlernent to the fvnds, ¢( Is probable
that the income will be received and the arnunt can be MeaSu￿d ￿￿ab￿.
Expenrfiture
abilitiesare reco￿￿ed as e￿n￿lUre as s￿n aSthe￿ is a *gal OT CCrtsEnictive obliga￿)fi committlng the charlty to that
ex￿￿lture. It 15 probable that a tr4nsFer of ecoTh)mK benefits will ￿ required in settlement 2nd the amount of the
Obl￿atIon 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 acbvit*s on a basts UJ￿$tertt wlththeuse of resour￿.
Tangiblefixed ossets
Depreciation 15 provided atthefoliowir4annual rtes in orderto ￿lteOff eath a55etover its estlmated useful life.
Pavilion
Office equit*nent
Fixiures and fittings
4% on ￿dU￿nE bakn
15% on reduc1￿
IO% on balar￿e
stocks are valued at the of cost a￿1 net ￿l￿alle ￿41￿. after tnatdn8 due allowance for obsolete and slow movin8
Iierns.
The Charity ts exempt from corpJrat>Jn tsx on its cKifftableacti¥iti
Fund xu)untTrya
Unrestrkted fvndscan be used In KcordarKe wfththe charitsble 0iryecti¥esatthed15cret￿Tr of the trustees.
Restrlcted funds can onty be used for partkuLar restrKted wrpxJse$ 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 me8￿￿d3tfa1f￿al￿e.Thfalr¥a￿￿e 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
Dividen*J5 receNed
Oepositaccount interest
371
3245
45
3,245
3,616
3,290
NET INCOME/IEXPENDrniREI
Net incomellexpenditurel is stated after(harw￿l￿edIty￿}:
2024
Depreciation-owned assets
Independent reviewer
240
550
550
TRUSTEES. REMUNERATION AND BENEFITS
There were no tnjstees. remureration or 0￿r ￿nefits for the year ended 31 0￿mber 2025 [￿r for the year ended
31 December 2024.
The￿ were rKJ tr￿Ste*s. expenses pa•J forthe yeareThJed 31 D￿rnber 2025 ￿rforthe yearended 31 December2024.
STAFF COSTS
The average n￿rthlY NJmt*r of employeeSduTiT￿tht￿èrWasa$f0lk)￿s.
2024
Employees
No employees re￿i￿ed errttJlurrEnts in excessof £fA).CAXI.
COMPARAMVES FORIHE ￿ATEMENT0F ANANaALAcnvt
Unrertrlrted
fund
Donatlons and ￿a£le5
22,756
Charl￿ble 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. (4Jntin￿l
FOR THE YEAR ENDED 31 DECEMBER2025
COMPARATIVES FOR THE￿AlEME1￿ 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
9￿71
IOA27
20/53
Depredatlon
At l January 2025
Charge foryear
6￿45
675
16A69
342
At 31 December 2025
6￿58
9.171
16,811
Net bogk y￿ue
At 31 De¢ember2025
1719
4,(￿2
At 31 tiecember 2024
2,832
74
3,551
listed
Investsments
Ma￿et value
At l January 2025
Revaluatlon5
2,308
1.827
Al 31 ￿e￿mber 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 D￿eM￿r 2015 ts represented br.
LSsted
lo¥e5tments
Valuation in 2024
Valuation in 2025
Cort
328
I￿27
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
4￿3?
2.285
14.
MOVEMENT IP4 FUNDS
AtVIft5
fvnds
31112125
UnrestrlctedfurKIs
Ger￿ra1 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
mOVEmE￿IN FUNDS- wntirwed
Net nThernent in funds, tr￿luded 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
Unr*strf¢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￿ asfolb*s:
Gains and
MovernEnt
in funds
UnTe￿netedfUn￿s
General fijnd
67269
I64.5￿)
328
3,037
TOTAL FUNDS
67,269
164.5601
328
3.037
Acyrrentyear 12 monthsand wSoryear 12 monthscornbir*d po￿ti0ft 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 I￿nthS combkned net movement in fvThd5. included in the above are as
lollows..
Galnsand
Movement
in fvnds
Unrestri¢ttd fund5
fjeneral fund
125.463
i￿0.5￿)
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 S￿￿ety. 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 co1￿C￿Vely, ts lrnmater¢al to Ixbth
the indiwdual comrnlttee ￿em￿rS 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 Stat￿n￿ry
Sundries
Sale of semen
Herd book costs
Breed promotion
Subscriptions to national or8anisatlons
Comwter and tralnlng costs
Deprecrdtion- Pavilion
Depreciation- Office equ$pn￿nt
DepreciaUon- F￿1reS 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 St3tutoryfina￿lal statements