REGISTERED COMPANY NUMBER: 34649 (England and Walcs) REGISTERED CHARITY TrIUMBER: 259199 REP RT OF THE TRU TEES AND INANCIAL ST A TkMENTS FOR THE YE R ENDED 31 AU T2025 FOR DORSET HORN, AND POLL DORSET SHEEP BREEDERS ASSOCIATION Mitchells Chartered Accountants St. John'5 House, Castlc StT¢cL Taunton Somcrsct TAI 4AY
RSET HORN AND POLL DORSET HEEP CONTF.NTS OF THE FINANCIAI, STA TEMENts FOR THE YEAR F.NDED 31 AUGUST 20 Page Report of tbe Trustees Independent ExamiDer's Reptsrt ststement of Fln*n¢lal Aetivities Ballee Sbeet Note$ lo the Flnanclal st&ternets 9 to 16 Detailed St2temeDt of Financial Acllvltles 17 to 18
DORSET HORN AND POLL DORSET SHEEP BREEDERS ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The ttee5 who are also directors of the charity for the pUTPOs of thc Companies Act 2006, present their r¢port with the financial staten)¢nts of th¢ cljarity for Ihc year ended 31 August 2025. The trnstCC8 have adopted tbe provisions of Accounting and Reporting by Chariti¢s'. Ststcment of Recommended Pr2¢ti¢¢ applicablc to Charitie preparing their accounts in awordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Jamwy 2019). OBJECTIVES AND ACTIVITIES ObJe¢dves and alms The principal object of the associaiion ill tbe year und¢r review was thai of encoWag¢Mt of the breeding of Dorset Horn Sb¢¢p at and abroad and the maint¢nan¢¢ of tbe purity of th¢ bTC¢d. Publle betteflt The Coullcil have complicd with tbe duty in sectioll 17{51 gf th¢ 2011 Chariues Acl to hav¢ due regard to gwdance published by the Charity Commission. It is a public benefit entity. Th¢ main activiry undertaken for th¢ public b¢nefit is thc prcservation of the Dorset Horn and Poll Dorset Sheep breed. In order to achi¢v¢ this in line with the objtS of th¢ charity. the Aswiation prod¢$ an atmllal Flock Book of rw)gni8ed and pure bred Sires which have been we(L or Ewes which have been bred ftom. and th¢ annual registration of the pedigrccs of such Sheep as proved to th¢ satisfa¢tion of the council to bc cligible for entry. The Association also investigates cases of doubtful and suspectrd pedigrees and und¢rtak¢s to arbitrate llpO and scttlc disputes and questio rclating to or ¢onn¢eted with Dorset Hom and Poll Dor8¢t Sheep and the breediog tb¢r¢of. Pagc I
DORSET HORN AND POLL DORSET SHEEP BREEDERS ASSOCLITION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 ACHtEVEMENFS AND PERFORMANCF Revlew Of Actlvlde5 Fulure DeVelopmets During the from Septembei 2024 to August 2025, 33 llew applications for full membership wete rtteived and accept¢d. There were 18 r¢signations or flock disp¢r¥al$. with 88 m¢mbers Dot reluming their renewai fornis. The new members that wcrc Acceptrd beforc thc 2025 Flock Book 1 lo print were able to b¢ Lncluded, and members aTC Still being attracted through the approved ewe s¢htme. This ycar shows and sales were hcld at Exeter (May Fair). ClIsIe, W0¢St¢T, Llandovery, Skiplo and Lallark. HowEver, trade has been N7ryit)g. The in-lamb Dorset sale duc to b¢ h¢ld at Melton Mowbrdy in November 2024, was cancelled, but it Is du¢ to take place again in Novemb¢r 2025. This year the tlock conTrpvtilion was judged by Rich & Alice Rossiter, who travcllcd the length and brdi of the oulliry judging Dorsctb in all Iheir different $llOund1gS. ThatLks must be Ven lo thcm for their lime and ¢ffort ts) Cary out the judging. Once again the Dorsets have made a big impact on the shoThing circuit this ycar with some exccllent results being achieved throughout th¢ ¢ountry. Our National Shgw thi& year held at thc Royal Cornwall Show with memb¢rs supporting it wiib an excellent nurnb¢T of entries, judged by our President, Hel¢n Driver. It is hoped the 2026 Nalional Show will be held at th¢ Thr¢¢ Counties Show at Malvern in JUD¢. The Society was represented at the NSA Nortb Sheep, NSA Sheep South WesL NSA Nl, aThJ the Groujhdswell Evcnt. Thanks must again be given to those members that gave up their tim¢ to produce and transport sh¢ep and man the stands. The Grassroots rccording Syste DOW in its seventh year. is proving v¢ry popular with our members aDd improvements are being made all thc timc. MOFC and more memb¢rs have Éaken the plunge to r¢gister their sk¢p on line, and do not app¢ar to have found it as difficult a5 thcy thought it might b¢. This year, the brc¢d brochurc had a complete revamp and was produced as an A4 document and in¢lud¢d a lot moTe ¢ont¢Dt athd ADfom)alioo rathcr thaD just adverts. and was distributed lo all the si]ows and sales. It appeared to b¢ receivcd very well, at thanks must go to Alex James for the time and ¢ffort put in to Producing the brochure. In addition to th¢ 2025 FIk Book which registered 471 mcmbers lincludits8 13 associale mcmbersl, members hav¢ received 411&[ n¢wsl¢tters keeping thcm iDfortned of, and as up to date as posyible with. the Association's activities TKI oth¢1 matters. The new W¢bsite and seeTnS to have gone down v¢ry well with our membership with it app¢aring to be very user friendly. and is being contiDually updated. Thanks. must b¢ given to Emily Harris for this. More and more infomation is being sent electronically. where possibLe. iu atteffort to ty ajxl r¢duce expendittwe. The 2025 AGM is due to b¢ hcld in Devon. FINANCIAL REVIEW Flnanclal position At the end of ihr rcporting period the chan"ty's reservcs of £129,908 as at 31 August 2025 were ill excess of the l¢v¢l detail¢d its pol"LCy of twrlv¢ months unrestricted expenditure. Prlnclp41 futtdSng sources The principal Sou¢ of fLmds tor the charity ar¢ sub%ript10115 from members. Inve5trneDt polky *Dd objecth7e5 Uttder the M¢nMTrrdndum aDd Articles of Association, the charity has the pow¢r to ake any invcsttnents which the council see fit. Thc Council of Mallagement bave ¢otL8i(kr¢d the t[St appropriatr policy for invesiing ndS and have found that a low risk investmcnt in the forni of bank deposit accounLs Tneels their current requiielnents. Page 2
DORSET HORN AND POLL DORSET SHEEP BREEDERS ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 FINANCIAL REVIEW Reserves pollcy It is the policy of the Charity to maintain u[C$triCted fiuids, Bliich are th¢ frcc reserves of the charity, at a level which equates Èo approxirnalely twelve months unr¢stricted cxpcnditure. This provides suffi¢i¢nt fimds to cover management and administration and support $ts. Unrestricted fiwds w¢r¢ maintained at this level throughout the year. Golng eoncern Th¢r¢ ate no n]aterial uncertainties about the charity's ability to continue as a goitig concern. STRucfuRL GOVERNANCE AND MANAGEMENT Cjoverning docurntnt The charity is controlled by its governing document, a deed of trus¢ and constityt¢s a limited company, limited by guarantcc, d¢fin¢d by thc Companies Aci 2006. The Dors¢l Horn and Poll Dorset Sheep Flrccd¢rs' Association is a company limited by guarantee and ts registered a5 a Charity with the Charity ComllLiSSiOL The Affair$ of the Charity are governed by its Mcmorandllm and Articles of Asso¢Iatso Th¢ Liability of thr m¢mb¢rs in the evet)t of the Charity bcing wound up is Ilmiied to a sum not exceeding £1. Organlzatlonal structsre Thc governtng body of tbe Charity is a Councrl of Management. Th¢ CowThcil of tbE Association shall consist of 18 elected members tog¢thcr with ex-officio llmbers to th¢ ¢xtent tbat they are not ¢le¢ted by th¢ Council. The ex-otTJcio rn¢mb¢TS sh811 consist of the Presidcnt and the Treasurer. Thos¢ p¢rsons who have been given the honorary of Vice Pr¢sidcnt shall not be ex-OtTicio mcmbers of th¥ council. The counctl shall be ¢lcctcd At the Annual Me¢ting by the membets ibeo personally piesent. The Cow)cil Chairma Council Vice ChairnLqn aml th¢ Trca%urer shall be appoint¢d annually by the members of th¢ ¢ouncil at th¢ir first m¢cting heLd foliowitig the Annual Me¢ting. Risk Hgeet The trustees bave a (luty to identify and rcview the risks to which thc charitys cxwjsed and to ensure appropriate contro16 ar¢ in place to provide reasonable assuraDce against fraud arNJ error. REFERENCE AND ADMINtSTRATIVE DETAILS Registered Company number 34649 {Engla1 and Wales) Reglstered Charity number 259199 ReE5Stered offi¢e AgTiLulture House Aclat]d Road DorLhester Dorset DTE IEF Page 3
DORSET HORN AND POLL DORSET SHEEP BREEDERS ASSOCIATIOF4 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Trustees Chris Davis* Treasurer William Cat¥un Rowland Davi¢s Francis Fooks Rob¢rt Hole Geraint Jon¢s Sam Driver Joc Larder Adam Carc Chaimhan Sian Dowmcs Timothy Pratt Samucl Caldwell James Rob50n Alistsir Morton (resigned 9.11.24) Christina Johnson (resigned 9.11.24) Jererny Dutrant Vice Chairn]an Alex James Nigel Wernham Emily Smith (appoill¢¢d 9.11.241 The Charity trust¢¢s are the council memb¢rs. For the purpose of ¢ompany law, two memb¢rs of the cowicil havc been de8ignated as DAre¢tors, as abgve by a In addition Jim Dufosee agreed to remain an aciing Ditector after le5ignig as tst¢¢ on 2 Novcmber 2019, as did David RossikT aft¢r his cessation as a tTe£ on 12 November 2021witil passed awdy on 17 N0veber 2024. Company 8ecrÈtAry Mrs Margueriie Cowley IndepeDdent Exarniner MIt¢hell Chartered Accountants Si. John's How¢, Castle Street. Taunton Somerset TAI 4AY Tkn"s rq)ort has bcen prepared in a¢¢ordance with ih¢ speLial provisioDs of Part 15 ot. the Compani¢s Act 2006 rclating to S]] compani¢s. Approv¢d by order of the board of trnstces on 8 October 2025 and signcd on its behalf by.. Mrs Marguerite Cowlcy- Secretary Page 4
INDEPENDENT ExAlINER's REPORT TO THE TRUSTEES OF DORSET HORN AND POLL DORSET SHEEP BREEDERS ASSOCIATION Independent e¥AmineVs report to the trustees of Dorset Horn and Poll Dorset Shttp Breeders A550¢1atfion ('tbe I report to chan.ty trustees on my examination of the accouJ)ts of thc ConJp8ny for the year ended 31 August 2025. ResPDn51biiities basls of report As the charlS tNSt¢¢s of the Cornpatty (and also its dire£tors for the purposos of company law) you are r¢sponsible for th¢ preparation of the accounts in accordance with the requirements of thc Companics Aci 2006 ('Ihe 2006 Act'l. Having satisfied mys¢lf that tbe account$ of the Company are not r¢qulT¢d to be audited under Part 16 of the 2006 Act ad are eligible for indep¢nd¢nt ¢xamination. I rcpori in respect of my examination of your chaTiWs accounts as carried out uThder Section 145 of the Chariti¢s A¢t 2011 (Yhe 2011 Act'l. In carrying out my examination I have followed ihe DiTectious giv¢u by the Charity Commission under Section 145151 (b) of th¢ 2011 ACL Independent examlther's statement I have completed my CxarninaLio I confirni that no matt¢rs have ¢ome to my attention in wnne¢tion with the examination giving me cavse to believe.. accow)tirJg r¢¢ords wcre not kcpt in respect of the Company as r¢quir¢d by kliott 386 of the 2006 Act- or the accounts do not a¢¢ord wth those recoTds,' or the accounts do not comply wilh the accounting rcquirenxnt8 of Section 396 of the 2006 A¢t other than any requirement ihat the accounts givc a trne and fair vi¢wwhich is not a matt¢r con8idered as part of an independent exaFDination', or a¢¢ounts hayc not been prepar¢d in accorda1C wiih the methods and principles of the Statement of Recommended Pra¢tice for accounting and Teporting by charities (applicable to charities pr¢paring their accounls ill accordance with th¢ FiDancial Reporting Stsndard applicablc in the UK and Republic of Ireland IFRS 102)). I have no concems and have come across llo other matt¢rs in conncction with the examination to which attcntion ghould be drdwn itt tkns report in ordtr to enable a proper understanding of thc accounts to be reacbed. j . Samantha J. Vigus M1he11S Chartered Accout] St John's Hous¢, Castle Str¢et, Talln Soynerbtt TAI 4AY 8 October 2025 Page 5
DORSET HORN AND POLL DORSET SHEEP BREEDERS ASSOCIATIO STATEMENT OF FINANCIAL ACTivrriES CORPOIL4TllYG AN INCOME AF4D EXPENDITURE ACCOUN FOR THE YEAR EPITED 3J AUGUST 2025 31.8.25 Total nds 31.8.24 Total Unrestricted funds Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 31,114 31,114 33,338 Charltable actfvltles Registration & Inspection Fees Breed Promotion Expenses Recharged AGM Sheq) Fair & Comp¢titLOII 40.255 8.076 69 875 6.235 40,255 8.076 69 875 6.235 35,141 7.667 188 2.422 5.658 Othcr trdding adlvilles Inv¢stment incomc 1,391 919 1,391 919 2.389 571 Total 88.934 88.934 87,374 EXPENDITURE ON Raising fillyts 2,228 2.228 2,474 Charltabl¢ activltles Breed PTOtnotiQD Flock Bouk AGM Office Gov¢rnanee & Finance Sheep Fair & COmlItI0 15,584 3.1311 2,497 59,884 2.244 7,371 15.584 3.138 2,597 59.884 2.244 7.371 15,057 4,470 2.687 57,383 2.233 7.329 100 TotAI 92.946 93,046 91,633 Net gains on investtncnts 406 4( 182 NET INCOMEI(EXPENDtTURE) (3.606) (ioo) {3,706} {4.077) RECONCtLIATION OF FUNDS Total fimds. broughi fotward 132,814 800 133.614 137.691 TOTAL FUr¥s CARRIED FORWARD 129.21J8 700 129,908 133,614 The notes forrn p¥rt of these financial statements Page 6
DORSET IIORN AND POLL DORSET SHEEP REEDERS ASSOCIATION BALANCE SHEET 31 AUGUST 2025 31.51.25 Total fi$ 31.8.24 Total Unrestricted fi]nds Restricted nd Notrs FIXED ASSETS Tangible asscts Inv¢stments 2.036 2.991 2.036 2.991 3,065 2,585 5.027 5.027 5,650 CURRENT ASSETS Sto¢ks D¢blors Cash at bank and in hand 10 2,796 2,222 124.170 2,796 2,222 125,070 3.275 2.858 127,145 700 129,388 700 130,01111 133,278 CREDITORS knowits falling due within onc ytsr 12 {5.207) (5,207) (5,314) NET CURRENT ASSETS 124,1111 7(K) 124,881 127.964 TOTAL ASSETS LESS CURRENT LIABILITIES 129,208 129,908 133.614 NET ASSETS 129,208 700 129.908 133,614 FUNDS unTtCted ndS Restricted fimds 13 129,208 700 132,814 800 T(YfAL FUNDS 129.908 133,614 Th¢ charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for th¢ year ¢nd¢d 31 August 2025. The members hav¢ TM)t required the company to obtain an audit of ils financial staiements for the y¢ar ended 31 Au8USt 2025 in accordancc with Section 476 of the Compani¢5 Act 2006. The trustcc8 knOwledge their responsibilities for (a) ensuring that th¢ charitablc eompany keeps accounting rccoTds that comply with stiOs 386 aTwJ 387 of the Companies Act 2006 and piq)aring r]nalaR Statements which givc a tr and fair view of the stste of affairs of the charilable company &s at th¢ ¢nd of each tinala] year and of lis surplus or deficit for cAeh fllmncial year in accordawe Thith the reqU1MentS of S¢ctiODs 394 and 395 and which otiwwise Comply with the rcquircments of the Companies Act 2(MI6 relatinbj to financial statements, so far as applicable to th¢ charitable company. Ib) Th¢ notes fom) part of thc5e financial statements Page 7 continued...
DORSET HORN AND POLL DORSET SHFF.P BREEDERS ASSOCL4T10Tr4 BALANCE SHEET- continued 31 AUC.UST 2025 Tbes¢ fillancial statements have be¢ll preparcd in accordance with the provisions appltcable ¢])aritsble companies subject to th¢ small compaTties regime. The financial statements were approved by the Board of Trustees arld authorised for issu¢ 8 October 2025 and re Signed on its behalf by.. Adam Carc - Trust¢c The notes form part of these financial statements Page 8
DORSET HOiiN AND POLL DORSET SHEEP BREEDERS ASSOCIATION NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Basis ofpreparlng the fmancial 5t#temtDts Th¢ finaLLial btalements of th¢ charitable company, Mthich is a public benefit ¢ntity under FRS 102, hav¢ bc¢n prepared in accordance with the Charities SORP ITrRS 1021 'Accoullting artd Reporting by Charities.. Sratemenl of ReCo[nended Pr&¢ti¢¢ applicable to charities pr¢parin8 thekT acLounts in accordance with the Financial Rcporting Standard applicable in th¢ UK and Republi¢ of Ireland IFRS 102) (cffective l January 2019),, Financial Reporting Standard 102 The FiThan¢ial Reporting Standard applicable tn thc UK and Republic of Ircland, and the Companics Act 2006. The financial stst¢nrnts have been prepared ud¢r the historical cost convention, with the exception of inv¢sttnents wbich are includcd at market value. Vin2nci*l reportln£ staThd&rd 102- redCed disclosure exemptlons The charirabl¢ company has advantagc of the folloll8 disclosur¢ ¢x¢rtytion iii prepariiig th¢s¢ financial statements, as pemiittcd by fRS 102 'The Financial R¢porting Stsndard applicable in th¢ UK and Republi¢ of ihe rwuir¢rnents of Section 7 Stst¢m¢nt of Cash flows. Income All income is recogntsed the Statement ofFinancial Aclivities onc¢ tb¢ has entitlement to the fimds. it is probabl¢ that th¢ income will 6¢ rw¢ived and the amount can be measured reliably. The subs¢ription year nms lo 31 Augwt. Subscription income is accounted lor on alj accruals basis and is el&s%ified as a donatioll in the SOFA. Income from trading activities includes income eamed from ndraiSIng events a[ trading activities to raise funds for rhc charity. Incomc is received in ¢x¢hange for supplying goods and services in ord¢r to rdiSe funds and is recognised when entitlement has occurred. Inyestment incom¢ is earned through bolding a$ts for investment pwpos¢s such as shares. It includes dividends ynd interest. It is included ¢n thc arnount can be m¢asur¢d reliably. Interest incorn¢ is recugnised using the etTe¢tiY¢ inLere5t method 2nd dividend itscome is reco]8¢d a$ thc charit)es right to receive paymenl is ¢stsblished. Grants are rosAl$ed in the p¢riod in which ndS are rcc¢ived. Expenditure Liabiliiies are recognis¢d expenditure as soon as there is a legal or constmctive obligation comrnitting the charity to that cxpenditUTe, il is probable that a Irdnsfer of ¢conomic benefits will b¢ required in settlcmcnt and the amount of th¢ abli¥dllon can be measur¢d reliably. Expenditur¢ is accounted for on an accruals basis and has bccn classified under h¢adings that agregate all cost ielatrd to the ¢a¢egory. Wh¢re costs cannot be directly attributcd to particular headings thcy have beern allocated ttTr actiwties on a basis Consistent with the use of resourccs. T#D%ible ed a$tS D¢preciation is provi(kd at the following annual rdÈcs in order to wit¢ off ¢ach asset over its estirnated useful life. Offi¢¢ EqUipnnI 20 /0 on cost and 12.SQ/o on cost Th¢se are Lapitalised if th¢y w be u&ed for rll0 thall onc year, 8t cost at least £100. They arc Yalued at cost less depCIalI0n. Stocks Stocks are valued at the lower of cost and n¢1 r¢Elisable value. aft¢r making due allowan¢¢ for obsoletc and slow moving items. Page 9 continued...
DORSET HORN AND POLL DORSET SHEEP BREEDERS ASSOCL4TION NOTES TO THE FtNANCIAL STATEMENTS- colltiuued FOR THE ITAR ENDED 31 ALYGUST 2025 ACCOVNTING POLICIES - continued Tsxation Th¢ ¢harity is exempi from Corporation tsx on its charitable activitics. Fund aeeounting Unrestsict¢d fL]nds can be used in a¢eordance with the ¢haritabl¢ objectives at the discretion of the trust¢¢s. Restrictcd FLmds can only b¢ v5ed for particular r¢strieted PLtrposes withiTh the objects of the ¢harity. Restrictions arise wth¢n sp¢cificd by the donor or wh¢n furtds are raised for particulai restricted puryoses. Furth¢r explallation of th¢ nature and purpose of fvnd is included in the llotes to the financial sthtements. Hlre purchase leaslng cotntnitments Rentals paid under operating l¢as¢s are charged lo the Stat¢ment of Financial Activitics on a strydight line basis oveT the period of tbe lease. Penslon Costs Dtber post-re¢lrement beneflts Th¢ ¢haritable company operates a defined contribution pension sch¢me. Contributions payabl¢ to the charitable compan8 pension scheme Thith NEST are charged io th¢ Ststemeot of Financial Activities in the pcriod to which they relate. Investments Investrnents quoted on a cogniSed stock exchange are valued at markd Yaiue at the year end. Inv¢slrnellt gams and losscs includes any gain or loss on the sale of investtn¢nts any gain or loss r¢sultiDg frorn rrvaluing investtnents to tair N'alu¢ at thc end of the year.Th¢ unTeahsed Ievaluations follD th¢ Idir value re5¢rv¢ of the charity. OTHER TRADITr4G AcrIvlEs 31.8.25 31.8.24 Flock Books Tattooing Websile Adverts Mcmordbilia 380 595 350 1,433 1,006 ,39L 2,389 INVESTMENT INCOME 31.8.2S 31.8.24 Dividen& Deposit a¢¢ount interest IS7 762 152 419 919 571 Page 10 continu¢d..-
DORSET HORN AND POLL DORSET SHEEP BREEDERS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- coDtiDved FOR THE YEAR ENDED 31 AUGUST 2025 NET fNCOMEI(EXPLNDITURE) Net incon/(exp¢nditllrc) is stated aftei chargingl{¢r¢diting)'. 31.8.25 31.8.24 Depr¢ciation- ov/ned assets Other opetating le&scs 1,029 3,955 1.396 3,150 TRUSTEES, REMUNERATION AND BENEFITS There w¢rc no tru¥tees' remunetation or oth¢r benefits for the year cndcd 31 August 2025 nor for the year ¢nded 31 Aiigust 2024. Trustew, expenses Out of pocket expenses relating to Council Members amount to £282 (2024 £318) and were reimbursed during the year ofwhich £nil (2024 £nill iemain¢d owed at ihe year end. STAFF COSTS average monthly numb¢r of ¢mployees during th¢ year was as follows". 31.8.25 31.8.24 Office During the y¢8r the Company Secretary iec¢iv¢d rernuneration of £31,917 {2024 - £30,590). COMPARATJVES FOR THE STA TEMEKf OF FINANCIAL ACTMTIES Unrestricted fijndg Res(ricied fund Total INCOME AND ENDOWMENTS FROM Donations legaci¢s J3,338 33,338 ChAritable g¢thTltles Registration & Inspection F¢¢5 Brecd Prornotion Expenses Recharged AGL Shecp F&ir & Competttion 35,141 7,667 188 2,422 5,658 35,141 7,667 188 2,422 5,658 Other trading actiMtie5 Tnvcstmenl income 2,389 571 2,389 571 Total 87.374 87.374 EXPENDrruRE ON Raising funds 2,474 2,474 Charlt&ble actlYltl¢s BTeed Protnotion Flock Book AGM oiricc 15,057 4,470 2.587 57,383 15,057 4,470 2.687 57,383 loo Page 11 ¢ontinued...
DORSET HORN AND POLL DORSF.T SHEEP BREEDEIIS AS.SOCIATIo. NOTES TO THE FINANCIAL STATEMENTS- eonthiued FOR THE YEAR ENDED 31 AUGUST 2025 COMPARATIVES FOR THE STATF.MENT OF Fll¥ANCIAL AcrtVII'IES- ¢oDtlnued Unr¢stri¢led Restricted fimds Total funds Governance & Finance Sh¢ep Fair & Competition 2,233 7,329 2,233 7,329 Total 91,533 91,633 Nel gains on investrnEnts 182 182 NET INCOMFJ(EXTENDITURE) {3,9771 11001 (4,077) RECONCILIATION OF FUNDS Total funds brought forward 136,791 900 137,691 TOTAL Fuf4DS CARRIED FORWARD 132.814 800 133,614 TANC:IBLE FIXED ASSETS Office EquipnKnt COST At I Scptcrnber 2024 and 31 August LO?5 14,884 DEPRECIATION At I Scpt¢rnber 2024 Charge for y¢ar 11.819 1,029 At 31 August 2025 12,848 NET BOOK VALUE At 31 August 2025 2,036 At 31 August 2024 3,065 Page 12 continued...
DORSET HORN AND POLL DORSET SHEEP BRLEDERS ASSOCIATIO NOTES TO THE FINANCIAL STATEMENT.S- ctsntlnue IAU T20 FIXED ASSF.T tNVESTMENTS Listed Investments COST At J l August 2024 2,481 FAIR VALUE MOVEMF,NT MovcTnent blf Moverncnt lor yeaT 104 406 At 31 August 2025 510 MARKF.T VALUE AÈ 31 August 2025 2.991 At 31 August 2024 2,585 There were no investm¢nt as5¢ts outsidc the UK. STOCKS 31.8.25 31.8.24 Stocks 2,796 3,275 11. DEBTORS: AMOUKt3 FALLING DUE WITHTN ONE YEAR 31.825 31.8.24 Trad¢ dcbtors Prepayments and accrued incoll 147 2,075 590 2.268 2.222 2.858 Page 13 continuc(L..
DORSFT HORN, AND POLL DORSET SHEEP BREEDERS ASSOCIATION NOTES TO THE FlTr4'ANCIAL STArtMENTS- eonrfnued FOR THE ITAR EfiDED 31 AUGUST 21125 12. CREDoRS. AMouKfs FALLING DUE WITHIN ONE YEAR 31.8.25 31.8.24 Trad¢ creditOY5 VAT A¢cTued expenses 1.128 1,365 2,714 ,294 .695 2,325 5,207 5,314 13. MOVEMENT IN FUNDS Net movement ITJ ndS At 31.8.25 At 1.9.24 Unrestrl¢t¢d fllDds G¢lleral fvnd Fair Valu¢ Reserve 132,71U 104 {4,0121 406 128,698 510 132.814 (3,6061 129,208 RtrIcted fuRd3 David Matthews Bursary 800 (100) 700 TOTAL FUt+lDS 133,614 {3,706) 129,908 Nd movement in nds, includcd its the abov¢ are as follomo: Incuming resources Resources exp¢nded Gains and losscs Mov¢m¢nt in fvnds UDr¢stricted funds G¢ncrdl fund Fair Value Res¢ry¢ 88,934 (92.946) (4.012) 406 406 88,934 192,946} 406 (3,606) Restrl¢ted thDds David Matth¢ws Bursary iioo} (ith)) TOTAL FUNDS 88.934 (93,046) 406 (3.7061 Page 14 continued...
DORSET HORN AND POLL DORSET SHEEP EEDERS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued 25 13. MOVEMENT IN FUNDS- continued Comparatlves for m0vetellt funds Net movern¢ELt in funds At 31.8.24 At 1.9.23 Unrestricted fwids G¢neTal fi]nd Fair Value Reserve 136,869 (78) 14.1591 182 132,710 136,791 {3,977) 132,814 Restrl¢ted fund$ Dav Matthews Burs (i 00) 800 TOTAL FUNDS 137,691 14.077) 133,614 Compardtive net nuyvemettt in fiwds, irlded in tbe abov¢ are as follows.. Incornin r¢sou¢S Resouic¢s expended Gains and loss¢s Movement in funds Unrestrlcted funds Citneral fiind air VuC Reserve 87,374 191,533) (4,159) 182 182 (91,533) 182 13,977) Restricted funds David Matthews Bursary (loo) {IoD) TOTAL FUNDS 87.374 (91,6331 182 14,0771 14. OTHER FINANCIAL COhLMITMENTS The Association has enlered into a non-cancellable operatÉng lease for office rent. Under the original lease the Company was committcd to pay rent of £3,150 per annum. That lease comrnencd on 27 November 2013 and was for a period of ten years. This leasc was ren¢w¢d on 29 May 2024 for a rther 10 ye3TS With br¢ak ¢laus at 29 May 2027 and 29 May 2030. Thc n¢w r¢nt is £3,800 per annum. Page 15 continued...
DORSET HORN AND POLL DORSET SHEEP BREEDERS ASSOCIATJON I OTKS TO THE FINAF4CIAL STATEMEfffi- conllDued FOR THE YEAR ENDED 31 AUGUST 2025 Is. RELATED PARTY DISCLOSURE During the y¢ar thc Association receiv subscripiions and trading income from Council Members which mounted to £1 1.254 {2024 £11,928}, of which £414 (2024 £1911 r¢m&ined outstatjding at the y¢ar end. These exactly the sarne terms as othcr subscribers. 16. ULTIMATE CONTROLLING PARTY The Association is coDtrollcd by the ¢oiwcil mcmbcrs wbo ar¢ also the Chariry tru5t¢¢s. 17. PURPOSE OF FUNDS T unrestricted fid 15 fot the purposes of supporting tbe g¢tiC llDprovemcnt af tbe breed. Th¢ TEStriLred fund is a bursary for tb¢ purposes of covering Atim costs for selected nomtnees. Page 16
DORSET HORN AND POLL DORSET SHEEP BREEDERS ASSOCIATION DETAILED STATEMENT OF FINANCLiL ACTIVITIES R THE AR EYD (PUST 2025 31.8.25 31.8.24 tNCOME AND ENDOWMENTS DonatloDS 4nd legacies Donations Gift aid Subgcriptions 250 .722 29,142 1.778 -31,560 31,114 33,338 Other Iradlng aetivitie5 Flo¢k Books Taitooing Website Adverts Memorabilia 380 595 350 1,433 I.6 1.391 2J89 Investjnent In¢ome Dividends DeposRt coun( int¢iesl 157 762 152 419 919 571 Cbaritable activitie5 Fair F.ntrance Fees Fair Sponsorship Ram Registration Fees [r1VidUal Ewe RegistrJtions Fcmalc Rcgystrations List Flock Competition Approved Sheep Brccd Sales Commission B Td Promotion Postage and Stationery AGM Income 4,430 1,805 17,135 21,980 175 520 445 4,176 3,900 69 875 3.633 2.025 16,420 17,681 Iso 340 520 4,047 3,620 188 2.422 55.510 Sl.076 T•tl Incomlng resources 88,934 87.374 EXPENDITURE other trading trfvfitles Opening stock Tattooing Memorabilia Bad debts Closing stock J.275 2,819 1,749 2,268 653 (3,275) {2,7961 2.228 2,474 This pag¢ does not fomi part of thc statutory financial statements Page 17
DORSET HORN AND POI.L DOR%ET SHEEP BREEDERS ASSOCIATION DETAILED STATEMEIYT OF FINANCJAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 31.8.25 31.8.24 Other tradlng activities Charitable actlvltks Advertisillg Piintiug of Flock Book Flock Coinp¢tition Breed Promotion Fair Expenses AGM Exp¢ns¢s David Matthews Bwsary Grassroots System Expenses 3.043 3,138 156 11,603 6.215 2,497 IOD 938 3.686 4.470 1,435 10,477 5,894 2,587 894 28,690 29.543 Support eosts Man4gement Wages Pensions Othcr operating leases Raies and wat Insurance 31,169 748 3,955 279 985 29,881 709 3,150 283 932 k ji Office Rwining Costs T¢lephonr Postage and stationery Sundries Computer Expcnses Secretsrial S¢rvices Olfice Repairs D¢pn of Office Equipn)ent 3,186 1,010 9.206 2,303 5,636 293 85 ,029 1,150 830 12,451 2,031 4,096 370 104 1,396 59,884 57.383 FiDAnce Bank charges 374 433 Govern*nee eosts ACcountsY 1.870 1.80() Totsl rcsowccs expended 93.046 91,633 Net expendltsre before gains And lo$sts (4,1121 (4,259) Re8lised rtcognlsed gains and l•$ses Realised gaiTrsl(Iossc51 thn fixcd as%et investmenis 406 182 Net expenditure (3,706) (4,077) This pag¢ d0¢5 Dot fomi part of the statutory financial statements Page 18