CHARrrY REGISTRATION NUMBER 234523 LONGSHAW SHEEPDOG TRJALS A&SOCtATION UNAiJDITED FINAI¥CL4L STATEMENTS FOR THE YEAR ELYDED 31 DECEMBER 2025 </UHY
LONGSHAW SHEEP DOG TRIALS ASSOCIATION LEGALAND ADMINISTRATIVE INFORf*tATION Trusttt Mr R A Priestley Mr W E Outram Mr J G Rusling Mr M J Farnsworth Honor4ry Treasurer Ms V Richardson Seerelary Mrs S M Humpl)reys MBE Charlty number 234523 Prin¢ip•l oddresg l Moorland Road Hathersa8e Hope Valley Derbyshire S32 IBH Indep¢nd¢nt ei4mln¢r UHY Hacker Youn8 6 Broadfield Court Broadfield Way Shefficld S8 OXF Bankers Royal Bank of Scotland plc Drumrnond House l Redheughs Avenue Edinburgh EH12 95N
LONGSHAW SHEEP DOG TRIALS ASSOCIATION CONTENTS P•8e Truste£s' report Independent exwnin&s iewrt Ststetnent of fllwiciaj activities Balance gheot Note8 to the acUnts 6-14
LOIYGSHAW SHEEP DOG TRIALS ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ElED 31 DECEMBER 2025 Th¢ tsvst¢es present their report and accounts for the year ended 31 December 2025. The accounts have been prepared in accordance with the accountin8 policies set out in note I to the accounts and comply with the Association's Constitution, the Charities Act 2011 and "Accounting and Reportin8 by Charities: Statement of Recomm¢nded Practice applicable to charities preparing their accounts in aordanCe with the Financial Repk)rting Standoxd applicable in the UK Republic of Ireland (FRS 102) (effective l January 2015)" Obj¢¢tives gnd •cllvltie8 The Association's objects are as follows.. To imprnve and fosfrr the skill of man and do8 for the purpose of raising the standard of sheph¢rdin8 and the care and protection of sheep. To promote and hold sheepdog trials. To provide financial &88istan¢e lo other charitable bodies. The trustees have paid due regard to guidan¢¢ issued by the Charity Commission in deciding what activities the Association should undertake. The Charity aims to hleve these objectives through holding an sheepjog trial and by rnisin8 money from an annual dinner. Longshaw Sheep Dog Trials Association's trnstees recognise their responsibility in ensuring that th¢ organisation continues to provide a service of public benefit and to this end refer to Charity Commission guidelines on this matter. AehltvemeDts alld performaDee During the year the Association held its annual sheepdog trial and held the annual memb¢r5' dinner to raise funds. FiDaiieial revlew Fund balances have increed in the year by £13,222 (2024: increased by £4.793). The Association's reserves policy 15 to preserve the Association's fimds for &$ long &8 P08sible to enable the haritable purpose of th¢ Association lo ronlinue. The fr¢¢ly available unr¢5¢ricted reserves at 31 December 2025 were £71.736 (2024.. £58,514). Details of funds that the trustees have designated for specific purpose5 ar¢ shown in the notes to the accounts. The charity adopts a low risk iftvesiment policy and the tn]stees aTe solely responsible for the investment de¢ision5 made. The trustees have assessed the major risks io which the Ass(Kiation is expose& and are satisfied thal systems are in place to mitigate exwsure lo the major risks.
LONGSHAW SHEEP DOG TRIALS ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Struclure govern4D¢e and management The Association is governed by a Constithtion adoptrd on 19 March 1964. The charity re8istration number As 234523. Trustees are appointed by the charity at the Annual General MeIng. Members of theAssociation volunteer to tske on the responsibility of being & tryste¢. The truses who s¢rv¢d during the year and up to the date of sA8llature of the financial statements wer¢.. Mr RA Priestley Mr W E Outram Mr J G Rusling Mr M J Famsworth The charity's princip81 offirx adthss is as follows.. l Moorland Road Haihersage Hope Valley Derbyshire S32 IBH The Association Is rLm by the Board of Trustees with a meeting of oll members at181 once a year. There is very little a¢tivity thot needs much control on a regul basis. The truste¢s' r¢wrt was approved by the Board of Trustees. MrRA Trustee eytle
Hackeryoung Chartered Acctsuntsn 6 Broadfield Court Broadfield Wiy Sheffield S8 OXF tNDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LONGSHAW SHEEPDOG TRIALS ASSOCIATION I report on the financial statements of the Association for the year ended 31 December 2025, which are set out on pages 4 to 14. Rejpecthre rejpollslbllltles of trustees #nd ex4miner The A330ciation's trustees are responsible for the prepwation of the finAncial 8tstemenls. The charity's trslee8 ¢onsider thai an audit is nol required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) at)d that an independent examination is needed. It is my responsibility to.. (i) examin¢ the financi81 statements under seclion 145 of the 201 l Act. (li) to follow the procedures laid down in the 8cnernl Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. and (iii) to State whether particular matters have come to my atteniion. Bagis of IndepeAdeD¢ examlller's report My examinaiion was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting record$ kew by ihe charity and a comparison of the financial statements presented with those records. It also includes consideration of any wiusual items or disclosures in the financial stat¢m¢nts. and seeking explanations from you as trustees concerning any such matters. The procedur undertaken do not provide all the evidence that would be required in an audit cons¢quently no opinion is given as to whether the financial statements present a 'true and fair view. and the report 15 Itmited to those matters set out in the next ststement. llldepeDdeD¢ examlDer's statement In ¢onneGtion with my examinalion. no other matter except that referred to in the previous paragraph has come to my attenlion.. (a) which gives me reasonable use to believe that in any material respect the requirements.. (i) to keep accounting records in accordance with section 130 of the 2011 Acl. and (li) to prepar¢ financial statements which accord with the accounting records and comply with the accounting requirements of the 201 l A¢t' have not been met or (b) to Whic in my Opinio attention should be drawn in onler to enable a proper understanding of the financiat statements to be reached. A D Hulse FCA UHY Hacker Young Chartered Accountant Dated: .........................
LONGSHAW SHEEP DOG TRIALS ASSOCIATIO STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPEIWITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 UTrre¥lrl¢ftd Re¥lrkted Total 2025 Totsl 2024 Notss Income from: Donations and gifts Charitsble activities Other trading activities Jnvesth)ents 23,729 19.355 2,588 745 23,729 19.355 2,588 745 21.930 12.348 1.055 831 Totsl Income 46,417 46.417 36.164 ditUTQ on. Raising fjjnds Charitable activities 2.481 30.714 2,481 30.714 1.069 30.302 Total resourees expended 33.195 33,195 31,371 Net Ineomel(expelldltUTe) for the yearl Net movement In lund8 13.222 13.222 4.793 Fund balances at l Jonuary 2025 61379 587 62.966 58.173 Fllknd balaDees #t 31 December 2025 75.601 587 76.188 62,966
LONGSHAW SHEEPIK)G TRIALSASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Fized assets Tangible assets 15 3.865 3.865 StrkS Cash at bank and in hand 16 2.610 77.047 3,081 58.728 79.657 61.809 Creditors: *moyDts faUln8 due wltbln one year 17 (7,334) (2,708) Net Gut assets 71323 59.101 Total ets Iw current liAbllltle8 76,188 62.966 Income fondj Restricted fvnds unstriCt fidS 18 587 75,601 587 62.379 76.188 62.966 The financial statements were Approved by the tNstees an signed on its b¢h81f by.. authorised r issue on and are MrRAPrie Trustee Mr J G Rusling Trnstee
LONGSHAW SHEEPDOG TRIALS ASSOCIATIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting poli¢ie8 Chrity Information Longshaw Sheep Dog Trials AssOCi8tion is 8 ¢harity Tegistered in England and Wales. The principal address is l Moorland Road. H8th¢rsage, Hope Valley, Derby8hir¢ S32 IBH. 1.1 Aecountittg conventioD The accounts have been prepared in accordan¢e with the Association's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Re¢omm¢nd¢d Practice applicable to charities preparin8 their accounts in accordance with the Financial ReFM)rtin8 Standard applicable in the UK and Republic of Ireland (FRS 102)" (&5 am¢nded for accounting periods commencing from I January 2016). The A&y)¢i4tion is a Public Benefit Entity defined by FRS 102. The Associalion has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not lo prepare a Stsfrmcnt ofcash Flows. The coUnts are prepared in sterlin& which is the functional currency of the ASlatIOn. Monetary amounis in these financial ststements are rounded to the nearest £. The accounts have been prepared under the historical cost nVentiOn. The priJ)cipal COunting policies adopted are sel out below. 1.2 Golng nCern At the time of Approving th¢ financi statemenw the trustees have a reasonable exptatIon that ihe Association h&s adequate resources to continue in operational existence for the foreseeable future. Thus the trust continue to adopt the going concern basis of accounting in preparing the financi statements. 1.3 Cbrltsble funds Unrestrlcted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which hav¢ been set &side at the dis¢retion of the truslees for specific purFK)ses. Th¢ putyos¢s 8nd uses of the designated funds are set out in the notes to the financial ststements. Restricted funds are subject to specific conditions by donors or grantors as to how they may k used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 llleoming resources Income is recognised when the Association is legally entitled to it after any perforniance conditions have been me¢ the amounts can be Meured reliably> and it is probable that income will be receiv. Cash donations are recognised on receipt. Other donations ar¢ regniSed once the Associalion has been notified of the donation, un1¢55 performance conditions require deferral of the amount. Inwme tsx recoverable in relation to donations received under Gift Aid or deeds of covenant is recogllised at the time of the donation.
LONGSHAW SHEEP DOG TRIALS ASSOCIATION NOTES TO THE FINAYJ CIAL STATEMENTS (CONTINUED) FOR THE ITAR ENDED 31 DECEMBER 2025 A¢¢oullting polici {Continued) Legacies are reco8nised on receipt or otherwise if the Association has been notified of an impending distribution. the amount is known. and receipt is expected. Ir the amount is not known, the l¢gacy is treated as a ¢ontingent asset. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the nom)al course ofbusines8. l.S Re50urees eipended Resources expended are recognised in the Ye in which they hre incurred and include irrecoverdble VAT. Resources expended bre allocated to headings within the ststement of financial activities based on the actual purpose of the expenditure. Raising fun(L4 comprises the costs associated with trading for fundraising purposes. Charitable activities rtpresent5 the direct expenditure incurred in the fiwtherancc of the Charity's objectives. Governance costs represent the expenditUT¢ for compliance and mana8emenl ofthe charity. 1.6 Thngible red Assets Tangible fixed assets are initially meured at ¢ost and SubquentIY meured al cost or Valuatio n¢t of depreciation and any impairnient losses. Tangible fixed &ssels are stated at cost less depr¢ciation. The policy is not to capitali3e fixed &ssets under £250. Depreciation 15 provided at rate8 calculated to write off th¢ cost less estimated residual value of each asset over its exixcled useful lift, as follows.. Seats, hLts and trophies Equipment FiXreS and fittings No depreciation charged 25•/* reducing balance 20ty/• straight line The gain or loss arising on the disposal of an asset is deterniined &8 the difference between the se proceeds and the carrylng value of th¢ 8sseL and is rewgmised in the statement of fin&nciai activlties. 1.7 Impainnent of flxed assets At each reporting end date, the Association reviews the carrylng amounts of its tangible and intsngible assets to deterniine whether there is any indication that those assets have suffered an impairnient loss. If any such indication exists, the recoverable amount of the &5set l5 estimated in order to detemiine th¢ extent of the impainnent loss (if any).
LONGSHAW SHEEP DOG TRIALS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies (Continued) Recoverable amount is the higher of fair value less costs to sell and valu¢ in use. In assessing value in use, the estimated tUre cash flows are discounted to their present value using a ptaX discount rate Ihat reflects current market eSsMents of the time value of monry and the risks sFecific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset is estimatrd to be less than its carying amounL the cryIng amount of ihe asset is reduced to its recoverable amount. An impaiment loss is recognised immediately in incomel(expenditure) for the year. unless the relevant asset is ¢aJTied at a valued amount, in which case the impairnient Ioss is treated a revaluation dreaSe. Recognised impairment losses are reversed if, and only if, the reasons for the impaimient 1035 have eea3ed to apply. Ivhere an impalment Ioss subsequently reverses, the carrying amount of the asset is increased lo the revised estimate of its recoverable amounL but so that the increased carrying amount does not exceed the carying amount that would have been deternjind had no impairnient 1088 been recognised for th¢ asset in prior years. A reversal of an impaimient loss is recognised immediately. unle58 Ihe relevant Set is carried at a revalued amount, in which case the reversal of the impaimient loss is treated as a revaluation in¢r¢ase, 1,8 Sto¢k8 Stocks are ststed ai th¢ lower of Lost and esiimaled selling price 1¢35 costs to ¢omplete sell. Cost comprise8 direct MerIalS and. where applicabl4 direct labour Costs and thos¢ overheads that have been inCued in bringing the stocks to their pr¢senl location and condition. Items held for distribulion at no or nominal consideratiotTr are meBsured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of Completion and costs to be inGurred in marketin& selling and distrtbthion. Provision is made for slow movin& obsolete or damaged stock where the net realisable value is le85 than w8t. 1.9 Cash #nd ¢qulvalents Cash and c&8h equivalents include cash in hand, deposits held at call with banks, othcr short-tcmi liquid investments with originat maturities of three months or les4 and bank overdratL4. Bank overdrafts aro shown within bormwings in current liabilities. 1.10 FinAnei*l instrllmellts The Association has elected to apply the provisions of Section I I 'Ba8ic Financial Instrnments. and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial instrnments. Financial instwments are recOlSed in the Association's balattce sh¢¢t when th¢ Association becomes party lo the contractua] provisions ofthe instnjmenl. Ftnancial assets and liabilities are offs¢L with the net amounts presented in the financial statemen when there As a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net b&8is or to realise the asset and settle the liability simultaneously.
LONGSHAW SHEEP DOG TRIALS AsSOCTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Aceoundng polleles {Con¢lnued) B•sl¢ finan¢lalass•ts Basio financial assels, which include debtors and cash and bank balances. are initially meh5UTed at transaction price including transaction costs and are subsequently Caled at amortised cost using the effective interest method unles5 the Tangement constitules a financing transaction. where the transaction is measured ttt the present value of the futhre receipts discovnted at a market rnte of interest. Financial assets classified as receivable within one year are not amortised. Bask flnan¢l•l Ilabllltles Basic financial li#bilitie8. including creditors and bal loans are initially reco8nised at transaction price unless the arrangetnent constitutes a financing transaction. where the debt instrument is measured at the prwnt value of th¢ future payments discounted at a m8rk¢t rate of interesL Financial liabilities classified as payable within one year are not amortised. Debt inslruments are subsequently wried at amortised cos( using the etTectiYe interest rnte method. Trade creditors are obligations to pay for goods or Services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are clasyified As current li&bilities if payment is due within one year or less. If nol they are presented as non-current li8bililie3. Trade creditors Bre recognised inilially at transaction price atid subsequently me&8ured amortised cost using the effective interest method. olflnjnctsl Il•bHftI Financial liabilities are derecogni5ed when the Association's contractual obligations expire or are dis¢hAr8ed or cancelled. CrltleAI Aeeounting and JudgemeDts In the application of the Association's accounting policles. the trustees are required to make judgements. estimates and assumptions &bout the carrying amount of assets and liabilities that are not wdily apparent from other source3. The estimates and associated assumptions are based on historical experien¢¢ and other factors that are considere4J to be relevant. Actual results may differ from these estimates. The ¢sfimat¢s and underlying sumptIOnS are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and fiiture periods where the revision affects both current and future periods. DonatiOll5 and gifts 2025 2024 Donations and gifts 23.729 21.930
LONGSHAW SHEEP DOG TRIALS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIYDED 31 DECElVtBER 2025 Charitsble oc¢fvfitie 2023 2024 Income from trials 19.355 12.348 Other tradlng •¢tfvltffies 2025 2024 Activit1¢8 for genernting funds 2,588 .055 IDve4lmellts 2025 2024 Interest receivable 745 831 Ralslng 2025 2024 din Other trading activities co 2.481 1,069 io
LONGSHAW SHEEP DOG TRIALS ASSOCIATION NOTES TO THE FtNANCIAL STATEMENTS (COIYTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Charitsble activitiej 2025 2024 Depreciatton and impairnient Hire of marquee & equipment Lunches and te45 Insurance Prize money Printin& programmes & vertIsing Postage and telephone Engraving Sundries Judges Labour Rent Bank charges 132 5.422 12.348 ,269 1,012 916 639 233 476 loo 1,760 275 7.050 11.477 1,365 1,408 1.066 591 195 1,202 525 545 400 25,914 24.582 Grant funding of activities (see note 9) Share of governance costs (see note 10) 2.200 2.600 3,150 2,570 30.714 30,302 Gr4nts pay*ble 2025 2024 Grants to in5titulions: Grants to individuds 2.200 3,150 2,200 3,150
LONGSHAW SHEEP DOG TRIALS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 10 Support costs Governance eosts 2025 2024 Accountancy S•'s honorarium 600 1000 600 2,000 570 2.(K)O 1600 2.600 2,570 Analysed between Charitable tIVItieS 2.600 2,6 2,570 Governance costs include payments to the Independent examiners of £6(K) (2024.. £570) for accounlancy and examination fee5. 11 Net movement In tsDds 2025 2024 The net movement in funds is stated after cha]EinF/(creditin8)'. Depreciation of owned tangible fixed assets 132 12 Trustees None of the trustees (or any person5 comiected with them) receiv¢d any remuneration or benefits from the Association during the year. 13 Employees The average monthly number of employees during the year was: 202S 2024 Number Number Total There were no employees whose annual r¢munerntion was more than £60,O¢Y). 14 TaxAtioD The charity is exempt fmm taxation on Its activities because all its income is applied for charitsble purposes. l2-
LONGSHAW SHEEPDOG TRIALS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTIIYUED) FOR THE YEAR ENDED 31 DECEMBER 2025 15 Tangible flxed 4s8ets i•d fltlln Cojt At l January 2025 3.865 2.971 2,319 9.155 At 31 December 2025 3.865 2.971 2.319 9,155 DepYecltioD ond Impalrnient At l January 2025 2.971 2.319 5,2 At 31 December 2025 2.971 2,319 5.290 CgrrylDg Amount At 31 December 2025 3,865 3.865 At 31 Dec¢mber 2024 3,865 3.865 16 Stocks 202J 2024 Items held for re5a]e 2.610 3,081 17 Credltor8: •mounts flllng due wlthlll one ye*r 2025 Other creditors AccNals and deferred income 2,108 600 7.334 7.334 2,708 13-
LONGSHAW SHEEP DOG TRIALS ASSOCIATION NOTES TO THE FINANClkL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 DECEMBER 2025 18 Re8¢rkt¢d fun The restricted funds of the charity ¢omprise the unexpended baian¢¢s of donations and grants held on trust subject to specific CODditions by donors as to how they may be used. l Jan•Ary2•ts Jl Dtttvjber F & E Dalton Bequest 587 587 The F & E Dalton Bequest fund was estAblished to provide for the annual prize at trials for a novlee. Sufficicnt resources are held in an approprigle fonn to enable each fund to be applied in accordance with any restrictions Pled upon it. A9 ADgly81s of net 4M¢ts betweell fynds Unreslrlete Restricted d funds ds 2025 2025 Totsl Tot 2025 2024 Fund balances at 31 December 2025 are represented by: Tangible ets Currertt &8setsl(liabilitie5) 3,865 72,323 3,865 72.323 3.865 59,101 76,188 76.188 62,966 20 Retated pNrty tr8n8actlons There were no di$¢108able related party transactio$ during the year (2024- none). 14.