Charity rgglstraiion numb•r 221071 (England and Wales)
Company r&giStrallon nUM￿r 003S1689
CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Terence Pardoe SDA MIAgrM (Ch8imian)
Michael Hutchinson MA (Cantab) MRAC MFH (Vwchairmanl
Charles 8ain-Smilh RIBA CA (VKe-chairrnan)
Chris Mullin LIB
Jim Railton Bsc
Sir Humphry Wakefield Bt. MA {Cantab} FRGS
Prof. Stephen J.G. Hall MA PhD
Louis Fell MRICS
Frederick Bosanquel
Camilla Davidson
Lucy Riddell
Hugh Cheswfight
(Appointed 13 August
20241
Patrons
Lord Vinson DL LVO FRSA
John Fletcher PhD BVM&S FRCVS
Andrew W. Shepherd Bsc CAATII
Secrétary
GWA Cosec Ltd
Charity numbfrr
221071
Company numb•r
00351689
Reglstergd offic
The Warden's Cottage
Chillingham
Alnwick
NE66 5NP
Independent oxamln•i Stuart Faed Bsc (Honsl CA DipPFS
17 Walkergale
BerMck-upon-Tweed
Northumberland
TD15 1DJ
Sollclto
Muckle LLP
Time Central
32 Gallowgate
NewcasU¢-up￿-Tyrte
NE14BF

CHILLINGHAM WILD CATTLE ASSOCIATION LIMITED
CONTENTS
Pag•
Trustees. report
Independent examinerfs report
Slalemenl of financial actIv￿eS
Balance sheet
Notes to the finanoal ststements
8-22

CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report and ffinancial statements for the year ended 31 December 2024.
The finanu81 slalemenls have been prepared in accordance ￿ the accounting polioes sel out in nole 1 to the
financial statements and compty vrith the charitable company's goveming document, the Companies Act 2006
and "Accounting and Reportlng by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in attordance with the Financial Reporting Standard applicable in the UK anj Republic
of Ireland IFRS 102)" (effective 1 January 2019).
Oblèctivès and activities
The charilable ¢ompany'5 pnnrApal objects"ves. as sel out in its Mernorandum of AssocialK•n. is lo maintain,
preseNe and improve the herd of white ¢atVe Icommonly knosvn a$ the"Chillirkgham W￿d Callle'l in their natural
surroun(lings in Chillingham Park. NOrthumbertar￿. and lo keep and maintain the same in their indigenous
conditions, and in particular maFntsin th*r purity of breeding free Irom any admixture of extraneous bl¢)od. There
have been no changes in the objectives during the year.
The Trustees have paid due regard lo guidance iswed by the Charity Commission in deciding what actNilies the
charitable company should undertake.
Chalmlan'g report f¢x thè year 2024
The yèar h8s been notable by the weather and although we have had Strong winds at times. none have done any
major damage. We have however, finished clearing up after storm Arwen and replanled fol￿￿ing the clearance
of limber. The clearing up seemed lo take forever but thanks lo Angus's delem)inatson and the Wardens patience
in coping with Vi￿10rS and timber wagons. il has happened. There are still some places where odd tsees havin9
been loosened by ATh￿n have eventually fallen to a gentte breezel
A5 you will have noticed our contact you the members has been improved and the Information Clrculaled to
you is a lot more comprehensive and I hope inlefesting. Thanks ft)r this goe5 to Ellie and new trustee, Hugh
Che5vnight. l am sure that Ellie would ￿lcoMe any additions from you for the monthly newsletter.
We have continued wth the Edu￿110￿ involvemenl and Bosanquet Mivites Iwo sch¢)ols from this afea to
come and vi51t the park and calue. Ellie and the wardens have been very involved and do a lot of ecljcational
work with the children and they have also started a Saturday chiklren's day during the summer holidays in the
park looking at nature in all its fomis.
Visitor numbers are very ￿milar to the preV￿uS year ond logether the mer¢handise $ale$ ￿ntribUte
signlficanlly lo our income. As well as the normal tours thal are held daily Ihere are private tours which are
becoming more and more popular and also walking tcmjrs. There are olher spe¢ifi¢ tours such as photographic
and loadstool tours and others. Somethirtg for everyone!
On 31.12.22 there are 139 ¢atlle with 25 calves. 55 bulls and 59 cows arKI heifers.
On 31.12.23 there are 118 cattle wth 17 cafves. 51 bulls and 50 cows and heifers.
On 31.12.24 there are 124 cattle Tr•￿th 23 calves. 49 bulls and 52 co¥￿ and heifers
My thanks must go lo the Wardens and A$sistsnts. Angu$ Collingwood Cameron and the Tru$lees. Wthoul them
all the CWCA would not fvnclion. The bme that everyone puts into the Asswalion is much apprecialed by me.

CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Hord numbers
The total size of the herd at 31 December 2024 vrds 124 animals. as follows".
Calves
23
Bulls
49
Cows and heifers
52
Total
124
Thg R&$ory9 Hgrd
These animals are Crown propety and their management is com￿￿etety separate from that of the Chillingham
herd. On their last count the herd number was at 32 animals.
Mgmbershlp
On 18 Jun& 2024 there were 436 members of the Association.
Publlc beneflt
The Association wll continue to be mindful of the Public Benefit. The main benefft being the maintenance of the
unique herd of wild white cattle and Ihe access ofthe public lo them.
Financial rèport
This will be available al the AGM and an electronic or postsl copy will be sent upon requesl.
Invgstment powors
The Associaliorb has the pr)wer to invest in or upon suth invesknents. securities or property as il may think fit,
subject to the Trustee Act 2000.
Flnan¢lal revlew
The financial ￿su11$ of the Assoeiation are detsiled in Ihe Stslement of Financial Activitie5 on page 5 and in
notes to the 8ccounts on pages 9 to 23.
The Association had net assets of £1.171,600 as at 31 December 2024 12023= £1.088,121) as detailed by the
Balance Sheet on page 8. and also ￿ the notes to the accounts.
The principal funding sources and expenditure for the year under review are detai￿d on page 5 and in the notes
to the accounts. This has Supported the key objectives described on page 1.
R•s8rY05
The Trustees have reviewed the reseNes of the ASSOC￿tIon in relation 19 current and future requirements, and
consider Ihe levels held lo be adequate to allow the Assouation to ￿ntinue lo meet its charitable objectives.

CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Rlsk revlew
The Trustees have continued to review the major risk$ lo the Association and have established systems to
mitigate these. The main risks considered are disease in the calue. fire and stomi damage and accident to
members of staff. Spe¢ifKally. the genetic resource represented by the herd is al￿ prote¢ted by the maintenance
of a reswve herd.
Structur89 governanc• and managom•nt
The Association is a registered company number 00351689 under the Companies Act 2006 and registered
¢harity number 221071. It was incorpofaled en 111h April 1939 and is govemed by its memOra￿um and Articles
ofA$￿¢la1I￿n which We￿ revised in 2004. There have been no changes to the con51itulion during the year.
Trusts&8
The day lo day running of the As$o¢ialion is the responsibility of the Board of Trustees. Trustee5 serve for lemis
of three year8, their app￿r￿MentS being made and confirn￿d al the annual general meeting. On expiry of their
respective terms they are eligible for re-elecb"on.
The Trustees. who are also the dI￿￿Or$ for the purpose of company law. and who served during thp year were:
Terence Pardoe SDA MIAgrM (Chaimian}
Michael Hutchlnson MA Icanlabl MRAC MFH ￿Ce-ChaimianI
Charles Bain-smilh RIBA CA IVice-¢haimian)
Chris Mullin LIB
Jim Railton Bsc
Sir Humphry Wakefield Bl. MA {Cantab) FRGS
Prof. Stephen J.G. Hall MA PhD
Louis Fell MRICS
Fredeiick Bosanquel
Camilla Davidson
Lucy Riddell
Hugh Ch&swright
(Appointed 13 August 2024)
The appointment of new Tfuslees 1$ on the recommendalion of existing Trustees.
None of Ihe Truslees has any beneficial interest in the Association. All of the Trustees are members of the
Association and guarantee lo eontribute £1 in the event ol a wnding up.
The Trustees, report was approved by the Board of Trustees.
T¢rence Pardoe SDA MIAgrM (Ch¥lmian)
Trustee
Dated.. 11 Juty 2025

CHILLINGHAM WILD CATTLE ASSOCIATION LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
I report to the Trustees on my examinalion of the financial slatemenls of Chillingham Wfild Cattle Association
Limited (the charitable company) for the year ended 31 December 2024.
Respon$lbllltle$ and basis of r•port
As the Tw$lees of the charitsble company land also its directors for the purposes of c¢)rnpany lawl, you are
reSponsi￿e for the preparalitin of the ffinancial statements in accordance wilh the requlremenls ol the Companies
A¢t 2006.
Having sab"5fied myself Ihat the financial $talemenls of the charitable company are rtot required lo be audited under
Part 16 of the Companies Act 2006 and are eligible for independent examination. I report in respect of my
examination of the charitable company's financial statements carried out under section 145 of the Charities Act
2011. In carrying out my examination I have fdlowed the Directs"ons given by the Charity Commission under section
14515llb} of the Charibes Act 2011.
Indgpendent examlnerf$ $trt•m•nt
I have Completed my examinats"on. I confimi that no matters have come to my attention in connection wlth the
examination glving me Cause lo believe that in any material respect
ccounting records were not kept in respect of the charilalAe company as required by $ection 386 d the
Companies Act 2005.
the financial slalements do not accord ￿th those records- or
the financial statements do rKJI comply the accountiThJ requirements of section 396 of the Companies Act
2006 other than any requiremerrt that the financial statements give a true and fair view, which is nd a matter
considered as part of an independent examinalion: or
Ihe financial statements have not been prepared in accordance th the methods and principles of the
statement of Recommended Piactice for a¢¢ounting and reporting by charities applicable lo charities
preparing their financial statements in accordance with Ihe Financial Reporb"ng Standard applicable in the UK
and Republic of Ireland (FRS 102).
I have no other concerns and have come across no other matters in ¢onnection wth the examination to which
attention should be drawn in Ihis report in order lo enable a pmper understanding of the financial slalements lo be
reached.
si
d Bsc IHons} CA DipPFS
17Wal
ergate
Berwick-upon-Tweed
Northumberland
TD15 1DJ
11 July 2025

CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Current financlal year
Unrestricted Unrestrlcted Restricted Endov•m•nt
lunds
funds
funds
funds
g•n•ral d8slgnat¢d
2024
2024
Total
Total
2024
2024
2024
2023
Motes
Income and endowments from:
Donations and legarAes
CharitolAe activities
Investments
Other income
13.306
38.180
16,823
158.411
5.000
18.306
38.317
16,823
158,411
22.418
37.293
7,803
97,45
137
Total Incomo
226,720
137
5,fyJO
231,857
164.964
Expendlture on:
Raising funds
Charitable activities
Olher expenditure
2,666
161,593
6,299
3.234
154,900
12.731
161.593
6.299
12
Total frxponditure
170.558
17D.558
170.865
Net gainslllo$se$) ¢)n
investments
13
22.180
22.180
14.312
Nel Incomg
$6.162
22.317
5.000
83.479
8.411
Net movemgnt in fund$
56.162
22.317
5.000
83.479
8,411
R•¢on¢iliation of funds:
Fund balances at 1 January 2024
277,046
285,166
180,731
345,178 1,086.121
1,079.710
Fund balanc98 at 31 DKemb&r
2024
333,208
307,483
185.731
345.178 1.171,600 1,088.121
The statement of finanoal activities includes all gains and losses re￿gnISed in the year. All In￿Me and expenditure
derive from continuing activities.

CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Prlor financial yèar
Unrestrlcted Unrestricted
funds
funds
general d•slgn•ted
2023
2023
Re5tri¢tgd EndDYffiiènt
fund$
funds
Total
2023
2023
2023
Note$
Income and fjndowments
from:
Donations and legacies
Charitsble acb'vities
Investments
Other income
17.418
35.921
7.803
97,450
5,000
22.418
37.293
7.803
97,450
1.372
Totsl Income
158.592
1.372
5.000
164,964
Expendlture on:
Raising funds
Charitable ad'vities
Other expenditure
2.484
154.900
12.731
750
3,234
154,900
12,731
12
Totsl •xpgndltur•
170.115
750
170,865
Nel gainslllossesl on
investrnents
13
14.312
14,312
Nèt Incom81(expendltur•l
(11.523)
15.684
4.250
8,411
Transfers bèiween funds
(38.448)
38.448
Ngt movement in funds
(49,9711
54.132
4.250
8,411
Rèconclllatlon of funds:
Fund balances al 1 January 2023
327,017
231.034
176.481
345.178
1.079.710
Fund balanco9 at31 December
2023
277.046
285, 166
180,731
345.178
1,088,121

CHILLINGHAM WILD CAThLE ASSOCIATION LIMITED
BALANCE SHEET
ASAT 31 DECEMBER 2024
2024
2023
Flxod assèts
Tangible assets
Investments
16
17
513,739
297.563
529,087
271,643
811,302
800,73
Current ass•ts
Stocks
Debtors
Cash al bank and in hand
18
19
12.985
118.614
357.842
14.697
86,690
301,312
489.441
402,699
Credltors: amounts falllng within
on• year
20
{f29.143)
{115,3081
Not currènt assets
360.298
287,391
Totsl assets lè$$ currènt Ilahilities
1.171.600
1,088.121
fund$ of thfr ¢harlt¥l>l• Company
Endo￿lent funds
Re51ricled income ftjnds
Unrestricted funds- general
Unre$tri¢ted fund$- designated
21
22
24
23
345,178
185.731
333.208
307.483
345,178
180,731
277,046
285,166
1.171.600
1,088,121
The Associats"on is entswed to the exemption from the audit requirement contained in secaion 477 of the Cornpanips
Act 2006, for the year ended 31 De¢ember 2024.
The directors ackno%￿edge their responsibilities for complying with the requ1￿mentS of the Companies Aet 2006
with respect to accounb'ng records and the preparation of finanoal statements.
The members have not required the company lo obtain an audit ot it5 ffinarrial ststernenls for the year in question in
a¢¢ordance with section 476.
These financial slalemenls have been prepared in accordance with the provisions applicable to companies subject
lo the Small companies regime.
The financial slalements were approved by the Trustees on
1 July 20
Terence Pardoe S
Truslog
A MIAgrM (Chaiman}
Loui5 Fell MRICS
Trusts•
Company registration number 00351689 {EThJland and Wajesl

CHILLINGHAM WILD CAThLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charlty Informatlon
Chillingham Wild Cattle AssocAalion Limited 15 a pnvate charilaNe company limited by guarantee incorporated
in England and Wales. The registered office is The Warden's Coltage, Chillingham, Alnwick, NE66 5NP.
None of the Trustees has any benefi¢k81 interest in Ihe A$s￿latI￿. All of the Trustees are member5 of the
Association and guarantee to contribute £1 in the event of a winding up.
1.1 Accounting convenllon
The financial statements have been prepared in accordance the charitable ￿MpanY'S governing
document, the Companies Act 2006. FRS 102 Vhe Financial Reporting Standard applicable in the UK atyl
Republic of Ireland" I'FRS 102.1 and the Charities SORP 'Accounling and Reporting by Charities.. Staternenl
of Recommended Practice applicable lo charities preparing their accounts In ac¢ordan¢e with the Fin3n¢i81
RerM)rting Standard applicable in the UK and Republic of IreL9nd IFRS 102)" {efiective 1 January 20191. The
haritable company is a Public Benefft Entity as defined by FRS 102.
The charitable company has tsken advantage of the provi$￿Tr$ in the SORP for Charities not to prepare a
statement of Cash Flows.
The financi￿ stalernenls are prepared in sterling, vkntch 1$ tho furKtional currency ol the charitsble company.
Monetary amounts in these financial slalements are rounded to the nearest £.
The accounls have been prepared under the hi81oric81 ￿$t Convention. modÈfied lo include the revduation cf
certain financial instruments al fair value. The principal arxounting policies adI)pt￿ are set out below.
1.2 Golng concern
At the limè of approving the finarKial slalements. the Truslee$ have a reasonable pxpectslion Ihal the
charltable company has adequate resources lo continue in operational existence for the foreseeable future.
Thus the Truslees conbnue to adopl the g￿ng concem basis of accounting in preparing the financaal
slalements.
1.3 Charltsble funds
Unrestricted lunds are available for use al the discretion of the Board of Trustees in furtherance of the general
objective5 of the charity.
Reslrided funds must be applieil in accordance wilh the specific purpose for which they were raised. The
Costs of raising and administering such funds are charged against the fund.
Where re$tri¢ted funds are endovmienl funds, these are separatdy identified in the a¢counl$.
Designated funds comprise frjnds vthich have been sel aside 01 the digcretion of the TTuslees for Specific
purposes. The purposes and uses of the desKJnated funds are set out in the notes to Ihe financial sialemenls.
1.4 Income
Income is recognised when the charitabbe company is legalty entiued io it aftef any performance conditions
have been met. the amounts can be measured reliabty, and it is probable that income wll be received.
Cash donalions are re￿gnISed on receipt. Other donations are recognised once the char41able ￿MpanY has
been notified of the donation. unles5 perfomiance condrtions require deferral of the amount. Income lax
recoverable in relation to donations received under Gift or deeds of covenant is fecognised at the time of
the donation.

CHILLINGHAM WILD CAThLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcl
(Continued)
Leg8cies are r￿OgnIsed on re￿Ipt or othe￿iSe rf the ¢harrtable company has been nolifie(l of an rnpending
distribution, the amount is knovm. and receipt is expeded. If the amount is not known. the legaw is Irealed as
a contingent asset.
1.S Expendlture
Resourcès expended are allocated lo direcl charitable expenditure. costs of generating funds, or ￿her
expenditure and shown under appropriate headings.
1.6 Intanglble flxod a$$$ts othor than goodwlll
Basic Payment entitlements
33.33% Straight Line
1.7 Tanglblè fixed assèts
Tangiblè fixed assets are ini1181ty me8sured al cost and subsequently measured at cost or valuation. nel of
depreryalion and any impaimenl losses.
Depreciation is recognised so as lo vmite off the cost or v31uation of 8gsel$ less their resldual value$ over their
useful lives on the folk)wing bases..
Chillingham Park
Property Improvements
Website
IT Equipment
Motor Vehides
Plant and mathinery
10% Straighl Line
500hr25% Straight Line
25% Straighl Line
25% Reducing Balance
20% Straight Llr
The gain or loss ari$ing on the disposal of an asset is detemine(l as Ihe difference bet¥￿en the sale proceeds
and the carrying value of the asset. and is recognised in the statement of ffinancial activities.
Tangible fixed assets are capitali8ed al Cost. wthere the Wrchase price exceeds £200.
Fixed assets are used in direct frjrtherance of the charity's objects. The depreciation on property
improvements is split beiween the revenue reseThe fvThJ and the lan Bennett Memorial fund, to match Ihe
depreciation lo the ￿ndIng used to prowde the asset.
Fixed assets are reviewed by the Trustees for impaimRnt and WTitten down to Iheir recoverable value.
Although Companies Act requirès annual depreciation of fixed assets. there is no provision in the financial
Slalements for depreciation of Chillingham Park land and buildings. The buildings a￿ maintained to a high
standard lo prevent deterioration. The estimated re￿dUal value of the buildings are, al cuNenl prices, not less
than their book value. The trustees therefore believe that Ihe Wicy of not providing depreciation is necessary
for the account$ to give a true and fair ￿ew.
1.8 Fixed asset investmonts
Fixed asset investments are inilialty measured at transaction kyice exduding transaction costs, and are
subsequently measured al fair value al each reporting date. Changes in frdir value are recognised in net
incomellexpenditurel for the year. Transaction costs are expensed as incurred.

CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcSoS
(Continued)
1.9 Impairmént of fix•d ass•ts
Al each reporting end date. the charitable company reviews the carrying amounts of its tangible and intsngible
assets lo determine whelher there is any indi¢*i¢m that those assels have suffered an impairment Ic*SS. If any
such indication exists, the recOVera￿e amount of asset is eslimaled in order lo delemiine the extent of the
impairrnenl loss lif any).
1.10 Stocks
Stocks are slated 81 the kwer of cost and estimated selling less costs to complete and sell. Cost
comprises direct materials and. where applicable. dwect labour costs those overheads Ihat have been
incurred in bringing the stocks lo their present location and condition. Items hekl for distribution at no or
norninal consideration are measured the lower of replacement cost and cost.
Nel ￿all$able value 1$ the eslimaled selling price less all estirnat￿ costs of completion and Gosts lo be
in¢urred in marketing, selling and distribub"on.
1.11 Cash and Cash èquivalents
Cash and cash equivalents indude cash in hand. deposits held al call with banks. other short-lerm liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdraft5 are shown
within bcrfrowing$ in curfent liabilities.
1.12 Financlal Instruments
The Charitable company has elected Ir) apply the provisions of Section 11 'Basic Financial Instruments. and
Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial inslnJmenls.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company
becomes party lo the contractual provI￿onS of Ihe instrument.
Financial assets and liabilib'es are offset. with the nel amounts presented in the financial ststements, ￿en
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liabilrty simultaneously.
Bask flnan¢lal assets
Basi¢ finan¢ial a$s¢ls, indude deblors and ¢a$h and bank balances. are initialty measured at
transaction pri¢e including transaction costs and are subsequently carried at amorti5ed cost using the effective
interest method unless the arrangement constitutes a finanong Iransadion. where the transaction is
measured at the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financialliabilities
Basic financial liabil(ties. including creditors and bank loans are inrtialty recognised * transaction price unless
the arrangement Gonstilules a financing transacb"or4. where the debl instrument 1$ MeaSu￿d al the present
value of the future payrnenls discounted at a market rate of interest. Financial liabilities classified as payable
wfihin one year are not amortised.
Debt inslrurnents are subsequenty carried al amorb$ed cost. using the effective interest rale method.
Trade creditors are obligations lo pay for goods or services Ihat have been acquired in the ordinary eourse ol
operations from suppliers. Amounts payable are dassified as ¢urrenl liabilities if payment is due wtthin one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequently measured at amoth.sed cost using Ihe effective interest method.
Dorecognitlon of Ilnanclal Ilabllitles
Financial liabilities are derecogni5ed ￿en the charitable company'5 contractual obligats.ons expire or are
discharged or cancelled.
10-

CHILLINGHAM WILD CAThLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
IContinu•dl
1.13 Employee bgngflts
The cost of any unused holhyay entitlement is recognised in the period In which the employee's seNices are
received.
Termination benefits are recognised Hnmediatety as an expense when Ihe charitable Company is
demonstrably committed to temiinale the employment of an employee orto prov¥Je lemiina￿On benefits.
1.14 Taxatlon
The company is a registered charity and has exemplion from U.K. direct tsxation. Aecordlngly there are no
laxakn'on effects to be illustrated in respect ol gains. either fealtyed or unrealised, arising on investmpnts.
Tax is redaimed on New Gift donations made by individua15, who s￿n the apprclpriate declarat￿n. The
amount reclaimed is included wthin donations in incoming resources and disclosed sèparately in the notes to
the finaneial stslements.
Critical accountlng estlmates and judgements
In the appli¢alion of the charitable company'$ accounting policies, the Trustees are reqUI￿d to make
judgements. eslimales and assumptions about the carrying am￿nI of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical experience
and other factors that are considered to be relevant. Actual ￿e￿JIts may differ from these estimatès.
The eslimales and undertying assumptions are ￿e￿eWed on an ongoing basis. Revisions tg accounting
eslimales are recogniged in the period in whKh the estimate is rewsed %there the revision affects cfflly that
period. or in the period of the revision and fvlure peritxls %there the revision affects l)olh cuffent and future
periods.
Income from donatlons and l•gaclo8
Unrnstrlct•d R•strlct•d
lunds
fund5
2024
2024
Total Unrestricted Restrict•d
funds
fund$
2023
2023
Totsl
2024
2023
Donallons and gifts
Grants
Membership fe&s
11.430
11.430
5,000
1.876
14.263
T4.￿3
5.000
3,155
5,000
5,000
1,876
3,155
13,306
5.000
18.306
17,418
5.000
22.418
Donations have been received from individuals. trusts and toundations during the year.
11

CHILLINGHAM WILD CAThLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from ¢harltabl• activitiès
Charitabl• Charitablo
actlvities
actlvlfjès
2024
2023
Sale of goods
Sale of merchandise
Other income
30,446
6,718
1,153
29,533
6,472
1.288
38,317
37.293
Analysb by fund
Unrestricted funds . genetal
Unrestricted funds - designated
38,180
137
35.921
1,372
38.317
37.293
Incomè from In¥•$tm¥nts
Unrèslrlctsd Unrestrictsd
funds
funds
2024
2023
Rental income
Other income
Interest receivable
250
6,297
10.276
250
5.436
2,117
16.823
7,803
Othor In¢omo
Unrestrlcted Unrestrictèd
fund$
funds
2024
2023
Forestry income
Cgunlryside Stewardship
Basic payment scheme
32.912
109.649
15.850
31.565
45.230
20,655
158.411
97,450
12-

CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
ExpondSture on rarsing funds
Unrg$trlctsd Rostri¢t&d
fund5
funds
2024
2024
Total UnrestrSctsd Rèstrlctèd
funds
funds
2023
2023
Total
2024
2023
Fundraising and publlclty
Fundraising agents
750
750
Investment management
2.484
2,484
Total co$t$
2.484
750
3,234
Expendlture on charltablg actl¥ltlo8
charItab￿ Staff costsDapreclatlon
activities
2024
Total
2024
2024
2024
txroct costs
Staff costs
Depreciatlon and impairment
Professional fees
ECC - Embryo colledion fees
Motor expenses
Goods for resale
Work done
Repairs and cleaning
Insurance
Printing, stslionery. postsge and telepholle
Advertising and marketing
General admini8tralion expense5
Bank ¢harge$
Ac¢ountancy
Other charitable expenditure
48.443
48.443
17,226
7.177
833
2,759
6,188
23.619
34,084
6.252
1.914
2,655
2,126
1.110
5.192
2.015
17,226
7.177
833
2,759
6,188
23.619
34.084
6.252
1.914
2.655
2.126
1.110
5.192
2,015
95.924
48.443
17.226
161,593
Analysls by fund
unr￿1r1¢ted fuTKls . general
95,924
48,443
17,22S
161,5g3
13-

CHILLINGHAM WILD CAThLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expgndlturg on charftsble actlvltlos
(Contlnuèdl
Prevlous year:
Charitable Slaff costsDeprgclallon
a¢tivitlè$
2023
Total
2023
2023
2023
Dlrect costs
Stsff Costs
Depreciation and irnpairment
Professional fees
ECC- Embryo Cdleclion fees
Motor expenses
Goods for resale
Work done
Repairs and cleaning
Insurance
Printing. stationery, postage and telephone
Advertising and marketing
General administration expenses
Bank charges
Accountancy
Other charitsble expenditure
48,210
48,210
16,547
4,270
600
3,038
3,376
16,400
38,667
5,993
1,305
2,571
3,904
999
5,044
1,976
18.547
4.270
600
3.038
3.376
16.400
38.667
5.993
1,305
2.571
3,904
999
1,976
88.143
48,210
18,547
154,900
Analysls by fund
Unrestricted funds - general
88.143
48,210
18,547
154,900
Met movement In fund$
2024
2023
The net movemènt in funds is ststed after charging1(￿ed11ing)'.
Fees payable fer the independent examinab.on ofthe tharity's finandal
statements
Depre¢ialion of owned tsngible fixeil assets
375
17.227
350
20.369
10 Trustee5
Funds of the Association have been used lo prow¢Je indemnity insurance to protect the charitsble company
and ils Trustees against the ¢onsequen¢es of any neglect or defautt.
The cost of the Fdicy was £447 for the year {2023-. £427).
14-

CHILLINGHAM WILD CATTLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11
Employo8s
The average monthly number of employees during the year was-.
2024
Number
2023
Number
Full time reduced winter hours)
part.time (durin9 open season)
Tot81
Employment costs
2024
2023
Wages and salaries
48,443
48,210
Thew were no employees 4yhose annual ￿mUnerab.0n vras rn0￿ than £60.000.
12 other expenditure
Unrestricted Unrestrlctsd
funds
funds
2024
2023
Timber extraction ctssts
6,299
12,731
13 Galns and 10ssg$ on Invgstmwnts
Unrnstrlctsd Unrg$trl¢t¢d
funds
fund$
d￿lgnatsd deslgnated
2024
2023
Gainsl(lossesl arising on-.
Revaluation of investments
Sale ol investments
12.627
9,553
17.276
12.9641
22.180
14.312
14 Taxation
The Charitsble company is exempt from lax on income and gains falling wthin section 505 of Ihe Taxes Act
1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent thal these are applied lo ils
charitable objects.
15-

CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Inlanglble flxed a$8ets
Bas1¢ Paymont
entitlom*nts
Cost
At 1 January 2024 and 31 0e¢ember2024
28,832
Amorti5ation and impairni•nt
At 1 January 2024 and 31 December 2024
28,832
Carrying amount
At 31 December 2024
Al 31 December 2023
16-

c ot
tlp CL

CHILLINGHAM WILD CAThLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Fixed asset invostm•nts
Unllst•d
Investhi•nts
Cash In
portfolio
Total
Cost or valuation
Al 1 January 2024
Additions
Valuation changes
Disposals
270.355
77,093
22.180
(75.852}
1,288
2,499
271,643
79.592
22.180
175,852)
At 31 De¢ember 2024
293.776
3.787
297.563
Carrying amount
Al 31 December 2024
293,776
3.787
297,563
At 31 December 2023
270.355
1.288
271,643
18 Stock$
2024
2023
Items for re-sale
12,985
14.697
19 D•btor8
2024
2023
Amounts falllng due wlthln year:
Trade debtor5
Other debtors
Prepayments and accrued income
72
116,929
1,613
85,002
1,688
118,614
86,690
20 Credltors: amounts falllng due wlthln on• year
2024
2023
Oiher tsxalion and sooal securty
Trad? creditors
Violet Tankerville Charitable Trust Fund Loan
Accruals and deferred income
6,420
2,897
1￿.900
12.926
3.142
18.031
91.300
2.835
129.143
115,308
18-

CHILLINGHAM WILD CAThLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Endow7nent funds
Endowment funds represent assets whi¢h mu$1 be hdd pormanenlly by the charitable Company. Income
arising on the endowment fiJnd$ Can be used in accordance ￿th the objects of the thariiable company and is
induded as unreslricled in¢ome. Any capitsl gains or bsses arising on the assets form part of the fund.
At 1 January
2024
At31
Dgcgmb9r
2024
P•mianent ondowm•nts
345.178
345.178
Pr•vlous yur:
At 1 January
2023
At31
D•¢embèr
2023
P¢mianent endovmients
345.178
345,178
The Park Purchase and Improvement Appeal Fund is a restricted endowment fund into which donations
raised to purchase the park and finance fuiuffj improvements lo the parti are paid.
22 Restricted funds
The income fvnds of the tharitable company include re$tri¢ted fiJnd$ comprising the followng unexpended
balances of donations and grants held on Irust for specrfic purposes..
At 1 January
2024
Incoming R•$ourcg5
re$our¢es
Oxpgnded
At31
D8cembor
2024
Life Membership Fund
Education and Staff Cos15 Fund
Bandstand Fund
35.689
29.958
115,084
35.689
29.958
120,084
5,000
180.731
5.000
18S.731
19-

CHILLINGHAM WILD CAThLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22 Restrlcted funds
(Contlnued)
Pr•vious yèar:
At 1 January
2023
I￿omIng
r•sour¢fjs
Rèsources
expended
At31
Dfrc¢mb8r
2023
Life Membership Fund
Education and Staff Costs Fund
8andsland Fund
35.689
29.958
110.834
35.689
29,958
115.084
5.000
1750)
176.481
5,000
1750)
180.731
The Life Membership Fund is a restricted fund. inlo vlhlch subscriptions from life members are paid. The
balance of this Fund therefore represents the a￿UMU￿￿ted lrfe membersh￿) $ubsuiption$ that are available for
application toward Charilable activities.
The Education and Staff Costs Fund is a ￿$trIcted fund, into Vth￿h donations raised to pay for future
educational project costs and staff costs, are pawl.
The Bandstand Fund 1$ a restricted fund. into whith donati￿$ raised to pay for the renovation of thè
Bandsland. are paid.
23 Unrgstrlcted funds- designat
The income funds ol the charitable company include the folltiwing designated funds which have been sèl
aside out of unreStr￿ted funds by the tru51ee$ for $pectfic purposes. These funds are material lo the charitable
company's activities made up as follov45:
At 1 January
Incomlng
2024 resources
Transfers
Galns and
109$9S
At31
Dtscèmber
2024
Chillingham Book Project
Development Fund
13.523
271.643
137
13.660
293,823
22,180
285.166
137
22.180
307.483
Prèvlous year:
At 1 January
2023
Incomlng
Transfors
Galns and
losse$
At31
Oecember
2023
Chillingham Book Proied
Development Fund
12.1S1
218.883
1,372
13,523
271.643
38,448
14,312
231.034
1.372
38,448
14.312
285.166

CHILLINGHAM WILD CATTLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23 Unrestrict8d funds - deslgnatsd
{ContInU￿)
The Chillingham tKJ¢)k fund relates to the producbon of a book about Chillingham in Northumbwland.
The development fund is a fund Specif￿allY set aside for the development of the Park representing the value
of investments held. The transfer ￿CeNe￿ from the unrestricted ￿nd represerts the balance of ad(Jitions and
disposals made lo the ￿rtfOlIO during the year from the general reserve. The investment income from this
fund 1$ lodged in the general fevenue reserve fund and used for the benefft of the Association.
24 Unrn5trlcted funds
At 1 January
2024
Incomlng R•sour¢•$
resour¢oS
•xpended
Tran$f•rs
At31
Oec8mb8r
2024
General l& lan Bennetl
Revenue ReseNe
277.046
226,720
(170,5581
333,208
Provi0￿ yèar:
At 1 January
2023
Inc¢)mlng Ro$ou￿*S
resourcgs
@x￿nd•d
Tran$fors
At31
Docambar
2023
General (& lan Bennell
Revenue ReSe￿e
327.017
158.592
(170.115)
(38.448
277,046
The General l& lan Bennetl Unrestricted Revenue Reserve ￿PreSents Ihe operating income and expenditure
of the A550cialion.
25 Analy$l$ of ngt assets ￿tWO•n funds
Unr•strl¢ted Unrestrlct
funds
fvnds
ggneral designatsd
2024
2024
Restrictèd Endomffnent
funds
fund$
Total
2024
2024
2024
At 31 Decembor 2024:
Tangible a55ets
Investments
Current asselsllliabililies)
168.561
345.178
513,739
297,563
360.298
297.563
9,920
164.647
185.731
333.208
307.483
185.731
345.178
1,171.600
21

CHILLINGHAM WILD CAThLE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
25 Analysis of net a$$et$ bets¥è•n fund$
(Continued)
UnrestrEet￿ unr￿trICted
funds
general deslgnatgd
2023
2023
Restrfcted Endowmerrt
funds
funds
Total
2023
2023
2023
At 31 December 2023:
Tangible assets
Investments
Currenl assetsllliabililieg)
183.909
345.178
529,087
271,643
287,391
271.643
13.523
93.137
180.731
277,046
285.166
180,731
345.178
1,088,121
26 Ralatad party transaction¥
There were no di$¢losable related paty transactions during the year. further to those concerning the
charitable company's Trustees as detailed under note 912023: None).

CHILLINGHAM WILD CAThLE ASSOCIATION LIMITED
DETAILED INCOMEAND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Donation5 and legacles
General donations
Grants
Subscriptions
New Pavilion grant
5,970
5,460
1.876
5.000
5.263
9.000
3,155
5.000
18,306
22,418
Investment In¢omg
Rent received
Deposit account interest
Inve$lmenl income
250
10,276
6.297
250
2,117
5,436
16.823
7,803
Incomlng rogourcè$ fr•)m charitable actlvltles
Visitors fees
Sale of leaflets, mug$ etc.
Food and drink sales
Book sates
30.309
6.718
1.153
137
28,161
6.472
1.288
1,372
38,317
37,293
other incomlng r•sour¢6s
Forestry income
Countryside Stewardship
Basic payment scheme
32.912
109.649
15.850
31,565
45.230
20,655
158,411
97,450
Totsl Incomlng r•$¢urc¢$
231.857
1 S4,964
Co$t$ of gonerating donations and legacies
Fundraising agents
17501
Invè$tment management costs
Inveglmenl portfolio managemenl co$t$
{2.666)
12,4841
Balan¢• Carriod Forward
229.191
161,730
-23-

CHILLINGHAM WILD CArrLE ASSOCIATION LIMITED
DETAILED INCOME AND EXPENDITURE ACCOUNT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Balance Brought Fonvard
229.191
161.730
Charltable acuvltles
Animo1 husbandry
Motor and travel expenses
Goods lor resale
Work done
Repair$ and cleaning
Insurance
Prfnllng. stationery. postage and telephone
Advertising
General adminislralion expenses
eank charges
A¢countan¢y
Rates
Professlonal fees lunreslricledl
833
2,759
6.188
23.619
34.084
6.252
1.914
2.655
2.126
1.110
5.192
2,015
7.177
600
3,038
3.376
16,400
38,667
5.993
1.305
2,571
3,904
999
5.044
1,976
4.270
{95.9241
{88.1431
Stsff Costs
Wages
148,4431
148.2101
Depreclollon
IT equipment
Motor vehicles
Pfopety improvements
Profitlllossl on disposal of fixed assets
Plant and machinery depreaation
30
5.197
9.119
40
6,449
10.634
11,822}
3,246
2,880
117.226)
118,547)
Othgr resources expendèd
Timber exlraclion costs
(6.2991
112,7311
N•t movemgnl on invèstments
MF Revaluation of investmenlg
MF Gain or105$ on sale of investments
12.627
9,553
17.276
12,9641
22.180
14,312
Surplu$ for tha Y•ar
83.479
8,411
.24-