gD* 0390 APPROVAL The Blonde d'Aquitaine Breeders Society of Great Britsin Limited IA company limited by guarants81 Annual Report and Financial Statements 31 December 2023 Company rogistration number: 1025358 Charty règistrntlon numb•r: 263260 dOdd&co The Blonde d'Aquiiaine Brwd•rs s￿1•ty of Gr••t Britain Limited onl•nts Rof•rène• and AdministratN• Dstsi TN¥t¢es' ffjport TN¥tees' ￿SPOrtsIbil￿es in relalw to ￿ finanraal statomonts 1ndependentoxamir￿￿s report Statement ol finan￿¥1 ac*'vths Balan(t sheet Notss to the finana81 stst•m8nts The Blonde d'Aqultalne Br••derJ So¢i•ty of Great Britain Limited Rèfornn¢• and Adminlstratlv? ￿trI1$ Charlty n•m• The BloTh* rfAqLHfaine Bree(ler¥ S(￿ty of Great Brrtain Limtted Ch*rlty r•glstratlon numb•r Company rogb¥trntlon nwnb•r 1025358 Prfn¢lpal office Holme House Th&Da 'nslab CARLISLE CA4 9RH R•gl•t•r•d offlc• Dc¥*J & Co Lmitaj FIFfEEN Rosehil Montgow Way Rosehill Estate CARLISLE CA1 2RW Trust•g* W McEtroy. Chainnan T P Alkinson IResvJned 19 N¢)v*m￿r 20231 NTBa LACor MEEY CHO GEKrydc Amart K Sh8nton J A Weightrnan IResVj￿ 19 November 20231 (Appointed 19 November 21Y231 J Hickn Accountant & Co ￿mrted FIFfEEN Roseh Montgornery Way Ros8hdl Eststs CARLISLE CA1 2RW Pa9e 1 The Blonde d'Aquttaine Breeder5 Socitty of Great Britain Limited TN$t¢￿' Report for the Year Ended 31 Oecefflber 2023 The financial 5taiements have been p￿pared in accordance wth the accounting polic48s set oui in not85 to th8 accounts aThY ￿Mpty wth the charty's goveming dO￿[re￿ the Charit*s Act 2011 and Accounting 8Tr Reporting by Charities." Statement of Rewimended Pracbce applicab￿ to char￿"e$ preparir@ their accounts in accofdanc8 the Financial Reporbn9 StsThJard awlicable in Ihe UK and Republic of I￿Land. STRUCTURE. GOVERNANCE AND MANAGEMENT Thè company was irwrporated as a ¢c￿panY limrted by guarantèè and rtgiSt8(•J wth I￿ Chanty commi￿on in De¢ernber 1971. Its goveming doument is rts m•mornndum and aTbd8s ol assooab"on. The Trustees a￿ appointed by the mem￿r5 at the Annual Gereral M*b"ng. One Ihird of the Trustees r8b"r8 by rotstion at each Annual Gen6ral M•8bng bui should Ihey wish to do so. they can olfer themselves for re-election. The Trustoes examin• thg major risks thal the Charity faces on a regsJaT basis. The Charity has systsrns in place to control and mTb"gate any SLKh wi5k¥. OBJECTNES ANO ACTMTIES The Ch8nty's objectiv8s a￿ set out in ts goveming ¢JouJmènt. and aT* to encourage, promote and tmprove the breediThJ of British Blonde Co￿ irb Ihe United lQ"ngdorn of Great Biitain and Northem Irdand or 8158wher8. To achieve that aim rt may.. . and maintsin Her(1 Book of PedKJi8• and Grading of Bribsh Blonde catlle. . Promote. organise and. insofar as pemirttad to rnanag8 shws aTrJ sales of Biibsh Blu*Je cath both in ts UK to support to recommend SUrtab￿ Fer50ns tr> act as judges. . To achi•v• th• for•w"ng. rt a Oybjrt￿n that a￿￿r￿admI*Strat0rSand other pfoknK)naL8 te hired. . In detemining these e&J"tctivtis and ￿try[beS the Tnths have pah1 ¢Jue regard to the Chanty Commission guidance on public benefft. ACHIEVEMEp¥fs AND PERFORIAANCE The S￿iety attended as many of the major cattk in the Unittd ￿n￿10M as pe6sibk duriNJ thè past financial year. We hosted stsThJs at The Bahnoral Sh￿. The R¢)yal H￿hland Shuw. Thg Royal WeL8h $how aTh the Agri Expo. . The Ccyjnal ol Management metfor fve rneetirgs duriThJ the year. . 5 new memt*rs joined th8 sct by the ch•rity ar￿ a eomparison of lh8 accc4Jnts pr•8tsntad with thos• r•eords. It 8180 indudes conyoerab.on ol any unusual rterns or digd05ures in thè •ccounls, and Jeeking Èxplanatsons Irom you as tfU$t••s cor*c•ming any such matters. The procedures vndgrtakgn do ngt prowde all the ev*dence that would be roquir•d in an audrt ¢OnW￿￿lIY no OWn￿n ts giv•n 83 to whether th• aecounts pr•s8nt 8 'true fair 8nd the r•port io limrtod to Ihos? matt•rs s•t out In t￿ st8t8m•nt Ind•p•nd•nt •x•mln•e• •tat•rn•nt In connedion with rny gxaminabon. no rnatt•r hai eom• to my att8￿"0n'. 111 th'ch gi￿ me rnasonabl¢ cause tts that in any mat*ial i•sp•ettr* r•quir•m•nts'. to koep accijunb'ry recorth in accordan￿ wth secbon 386 01 ts c￿p￿nI•S Act 2011." and to pf•par• accounts acwd with the Kcountirg rKor(Is. comply with aecouth.ng r8quiromènts of $8elTron 396 01 ihe c¢￿Pan*S Act 20C6 and wth the methods and prinapl•6 of the Ststement of RecOrnm¢nd￿ Practsc•." Acwuntyng ond Row*ng by Choritss h•￿ not teen met.. 121 to whith. in rny opin•Jn. attentsm •hwhJ ￿ drawn in ¥Yd8r to 9￿bIl a propw und•rstsnding of the 8cc4unts to be reached. FIFTEEN Ro8•hill Montgomery Way Rosehill Estate CARLISLE CA1 2RW anne rnlinson FCA odd & Co Limrted Chart•r•d Aeeountan 11 Jun• 2024 Pogo 5 Th¢ Blond• d'Aquttalno Brood•rn Soclety of Great Brttaln Llmtt ststement of Flnancl81 Actlvltles {In¢ludlng Income •nd Expendltuffj Account and Statement of Totsl R¢¢ognlsed Galn$ and Losses) for the Year Endgd 31 D8cember 2023 unregtr1c￿ T¢)t•l Fvnd¥ Totsl Fund• Fundg 2023 2022 ond •nd¢y*m•nts fr￿. DonatNMs a￿1 legac*s h8r tradiNJ actiwt￿s Investrrent i￿Orr Charitable adivit Total irKome and eTh*)wmenls 1.607 1.￿7 2.958 17 218 45.673 1.428 42,411 1.428 42,411 Exp•ndlturn on: Chariiabb activities Total expendrtu 46,857 46,857 35,787 galn8lllossesl C￿ Inv8stm8nt¥ Net m￿rnents in lundB 13.079 Rwinelll•llon ot fufK Total luThJs browht lorwa Total luThJs carr￿d lo￿ard 114571 127.650 128745 128.745 All ol Ihe Charty'8 (leF6ve Irom trJMinuiw c1￿1￿)n9 duiwy th8 a￿ve Feric¥Yb. The notes on pages 8 to 15 fom an iniwJral part of Ihw financaal sk￿Mants. The Blonde d'Aquitsine Breeders Society of Great Britain Limited Company ragtstration numbar: 1025358 Balanco Shg•t as at 31 DK•mbor 2023 2023 2022 Not• Flx•d a••et• Invèstments io 3,486 980 Current a¥8•ts Stocks and work in progres¥ D•btors Cash 81 bank and in haTh 479 15,699 129.362 145,540 479 5.192 126.445 132.116 11 Credliors.. Amounts falling dye wlthln one yoar 12 120.2811 15,4461 N•t curr•nt a¥8•ts 125,259 128,670 N•t 128,745 127.650 The fun(Is of thg ¢horlty. Unr88trfctod funds Unre$tricted incomè fiTrnds 128.745 127,650 Totsl charltyfund8 For the fin8nry81 y8ar ended 31 Decernbèr 2023, the charity was antitlad to èxèmption from aL*Jit under section 477 01 the Companies Act 2006. 128,745 127,650 The rnembers ha￿ not required ehanty to obtsin an audit of its accounts for the year in question in accordanc4 with section 476 of the A¢L The dirèctors 8cknowl6dgo Ihsif responsibilities for complying with the requirements of the Act with rgspgd to aeeounbng records and the praparatSon of accounts. Thasè accounts have beèn prèparèd in acurdance wth the prow￿$ applicab￿ to r￿mpanIeS subj'ect to thè small companies regime. Approved by the B08rd on 11 June 2024 and signed on its behalf by.. A Rydor Trustee The note6 on pages 8 to 15 fom an integral part gf th989 finanryol ststgm8nts. Page 7 The Blonde d'Aquitaine Breeders Society of Great Brltaln Llmited Notes to the Flnancial Statem•nts for the Year Ended 31 Decemb•r 2023 Accounvng pofkl Summary ol 119nffi￿nt accounting polici￿ •nd k•y •G¢ountlng Mtlmat•s The principal acuunting tx)IKies applied in the prep8rabon of these finanrjal ststements are set out belry. These pol¢ies have been consist•nUy aPpl￿d to all the years presenteLI. Un￿$$ othemse stated. 8tst¢ment of compll*nc• The financAal ststements ha￿ been kyepartd in accordance wrfh A(￿unI]ng and Reporbng by Charit￿$.. Staiement of Reo)mmended Practice applicab￿ its charibes preparir¥J their aitwnts in arujrdance the Financial Reporting Standard applicabk in the UK and Republic of Ireland IFRS 1D21 (effective 1 January 20191- Ichanties SORP IFRS 10211. Ihe Fina￿181 Reporb"rvJ Standard applicable In the UK and Repu￿1¢ of Irèland IFRS 1021 and the Ccryan*sAct 2CK6. B•$l• ol pr•parntlon The charrtable company meets the ￿•￿n￿"on of a PU￿1¢ benefft entity under FRS 102. A5S8ts and liabil￿￿$ a￿ in￿allY recognised at historical cost or transa¢tson value unkn otherwise ststed in the rekvant accounting policy notès. G•lng conc•m Thesg finanaal statements have been pr￿r8d on a gJirrfJ cor￿eM basi8. The trustees assess W￿1h8[ the use of goirvJ CA)ncem is appropriate i.e. wthèthor there are any material uncertaintses related to events or condibons that may cast swnrfKant doubt on the abilrty of the Charity to continue as a going concem. The ¢nJstees make this asséssmènt in r8spad of a of onè yèar from Ihè dat• of approval ol the finanual ststernents. Fund aeeountlng pollcy Unrestnraed income funds ar• gsMral lund5 that are available for use at the truste8s' dI$￿et￿)n in furtharaneè of the c&jective5 ofthe thanty. The￿ are no re$ln"cted a5 ￿re bgen ng Tp¥lyi¢tions placed upon the use of Inccffiirg ￿$Our￿ by any dortror. Further details of each fund a￿ disdosed Mi note 15. In¢¢%n• *nd •ndO￿ts Donations arg wxpjnised the Charrty has bsen nob'fied in ¥mbThJ of both the amount 8ThJ setuement date. In the event that a donation is subj'erl to Con(l￿"0n$ that requi￿ a ￿¥trI tsf ￿rfO￿anc& by the Charity befor6 the Charity is entrtled to the ftJnoration lax purptssès. Accordingly. the Char¢ty is potents.ally exempt from taxabon In ¥e¥)ect of In(￿ne or c8Pital 9ain$ received wthin cgtegoriès Vefed by Chapter 3 Part 110lthè CO￿orab"0Th Tax Act 2010 or sèth.on 256 ofthe Taxats"on ol ChargeatrAe Geins Act 1992, to the extent that 8ucth in¢onR orgains ¥ppl*d to charitable purposes. Invostrn•nts Frxèd ass•t inv8stsn•nts arn statsd at cost at Ihe balanc•sheet date. Realised gains and 1058es on in¥estrnents aw? caluAat•d as difference betr￿en sales proceeds their marfret value at the start of the year. or their subsequent cost and are Cha￿&d or crtdrtad to the statement of the finanaal ath"v￿e$ in the perbod of disposal. Untsalistd gains ènd losses represent the movement in market values durirrtJ the year and 8re tr¥ditad or charged to the stsiement of finarKial actsvibes bas*d ¢)n the market value at th• ￿ar eThJ. Stock stoth 15 valued at the ￿tr of aThJ net reabsabk vaue. after due regard for otssc4ete and slow mtiwr stod(s. Net realisab18 valu8 is based on sellirKJ pri￿ less anlic4"pated costs to cA)M￿ebon and $ellirvJ costs. lths donated for re$￿e or di%tribubon are not rndudsd in the finanu81 statements unb"I they aTr sold or di5trtJuted. Tr•d* D¢btorn Trade debtors are amounts due from customers for merthandise sold or service5 P8rforrn•d in ordinary our58 of busi￿$5. Trade dèbtors are recognised In￿"a•Y at transacbon price. They are subsequèntly mtasurad at amornsad cosi using the ellectsve inte￿t metw. less prowsion tr>r impainnent. A prowsion for th• irnpaim*nt tsf trade debtors is established when there Is objecbve evhyence that the Charity wll not bg ab￿ to cc41èd all am¢)unts du& accorrling to the orijinal terms Of￿ roceNable$. ¢￿h and C*•h Equlv*l•nts Cash and cash equivaknts comprise cash on hand aThJ call deposrts. and other Short-terni highty liqu in¥estrnents that are readity cOnVertkn￿ to a krknvn amount of cash and are subject to an i￿vanifi￿nt risk of thange in value. P•J8 9 Tho Blonde d'Aquitaine Breeder5 Society of Great Brflaln Umlted Notes to th• Flmncial stst8ffl￿ts tor the Year Ended 31 December 2023 Llabilili•s Trade creditors are obligations to pay for goods or seTrices that have acquired in the ordinary ￿[sÈ tsf b¢Jsiness from suW*rg. ACc￿unIS payab￿ a￿ dassffied as Current lia￿.11￿"e5 sf the Chanty does not have an unconditK)nal nght. at the en¢J of the penod. to defer setdement of Ihg Cfeditor lor at bast v8 rnonths after Ihe r•pO￿"ng Ilate. If there is an uncondrfJ"onal rvJht to ¢Jefer setknent for at least twefve months afterthe ￿￿'r9 date. they are presented as nryK¥rrwitIi•￿"1rtl•s. Tr•Je cr#ditOts arè rècognis8d inrtrdlty at tha tran$ad￿n FNice and SUbw￿ty measured at amortised cost usiry Ihe 8ffecti¥e intsr851 rnethod. Flnanel81 IMtrum•f F￿anCIal a¥sets and financ4al ltrablrt￿8 are rgcrMJnised the charty b#eom•s a party to lh8 Ixsntra¢tual pr¢)visions of the instrument. Finanaal liabil￿$ and equty Insbwrnents are dassified according to the substancè ol the contractual arrangw￿8Nts enter8d into. An equrty instrument Is any contract that gvhlenc•s reshlual interest in thè a￿1$ ol the Chanty aftw dèduL*rrfJ al of rts liabil￿.e$. All financial assets and Imbihtss are inTb'alty measurwj at transa(*on pric£ {In￿ding transaction costsl. except lor those finanual assets da$s￿d as at fair value Ihrouyh profft or bss, which a￿ in￿alty m8asured #t lair v8lu• Iwhth is nomally the trafisacbon pnL* exduding transath.on costs), un￿$ the arraryemgnt consl'tutes a financing trafu*ion. If an arran9ement c￿$t[luteS a fin8n(irg tran5Xtion. the finanual asset or financial liab4ty is Measu￿ al the wesent value of the ￿re payynents ￿tsC￿nted at a mathet rata of interest lor a swniL4r debt instnmenl. Finan￿81 assèts and li8bilibes art onty offset in the $tatem8nt of financ4al ￿51￿On whan. and only when there exists a legalty enfor￿able nght to set olf the rewnised amounts and the Chanty inteTras erther to settle on a net basis, of to realtse the asset and seille th• l￿bil￿ s1murtane0us￿. Finanaal asséts art derec£gnisèd when aTrJ onty when al ts contractual nghts to the cath Ilows from the finanaal asset expire ¢y are setded. bl the Charrty transfers to another paty 5ubstsntially all of the risks and rewards of ¢y*nership ol the finanoal asseL or cl thè Charty. desprtè hawng retained some. but not all, g￿n￿¢ant risks and rewards ofv•mership. has transl•Thtd tontrd ofthè ass•tto arK*th•rpaity. Firlanaal liabilitiès arè d8f•CC*3n￿èd wh*n thtr cOlvJaI￿Jn spec1f￿d in tho Contract is dischafg8d. Can￿1￿ or expires. Don•tlon• and leg*¢hs Unmtricl•d Tot#1 Fund¥ Totsl Fund• Fund8 2023 2022 Donatlon8 and l•gacl•* Gift Aad tax rsdaimed Donats"ons and sponsorsh 1.842 1,116 2.958 1.041 1,607 1.041 1,607 ofthè donaljons arKI kgaae5 income in 2022 rdatgdto unrestr**d Paoè 10 The Blonde d'Aquitaine Breedevs Society of Great Brttain Llmited Ni>tes to the Financial Stat•fflMts lor th• Yèar End￿ 31 D•c￿Trber 2023 Oth•r ￿dIng a¢tlvltl•• Unmtrlet•d Tot*1 Fund• Total Funds Fund• 2023 2022 Adverbsir 17 l ofth• oth•rtradino in¢otM in 2022 r•l8ted to Unr•StnC￿ knnd$. InvMlm•nt In¢om• UnMtrlthd Tot41 Fund• Tot•1 Fund• Fun 2023 2022 Incem• frcffj in¥esb7)•nts Int•re8t on c4sh dep08it8 35 1,393 1,428 35 1.393 1.428 35 183 218 l ofth• inv•8bn•nt in¢om• in 2022 r•lat•d to unmtrKt•d lund8. Ch*rliabl• I￿1¥1 Unmtrletsd Total Fund• Totsl Fund• Fund• 2023 2022 M•mb•f •ub8uytsorkJ Re9islration fe•$ NatKJnal commis￿On S•m8n Incom• 10,40S 10.405 10.498 33,449 1.403 323 45.673 1,249 313 42,411 1.249 313 42,411 l ofthe incom• from th•nlabkn in 2022 r•latsd to unrnstn"ct•d lunds. Paqe11 The Blonde d'Aqultalne Breedern Society of Great Brltsln Umlted Notes to thè Fln•nclal Statèments for th• Y￿r Endad 31 D•c•mber 2023 Exp•ndlturn Promotlng and Improvlng Totsl 2023 Total 2022 Dlr•ct ¢o•t• Shcyw And èxpens•s Prvze mon￿$ and sponsorn DNA testing M••tng cosls Subscriptions Adva￿S1ng and p￿)1 Mantyom$nt f¢ 5.826 5,826 300 417 2.309 221 6.679 24.200 39.952 5.322 $50 80 412 281 3,698 19,750 30,093 417 221 8.679 24.2 39.952 8upport ¢o•ts Insurance T•lephon8 ar￿ fax Compuier JofMt¥re and m8inienanc• co Pnntrro. ptssta￿ $tsbon*ry Sundry expenses Travel and $ub•i¥ten¢• Accountancy f••8 Irrtjependenl ex8miMrf8 f•• Bank chai988 413 413 294 2.285 717 1.703 2.071 231 1.028 1,703 2,077 231 1.026 456 901 61J) 35 5.894 35 35 6,905 46,8S7 48.8S7 35.787 All ofth• •xp•rdrtur• kn 2022 r•latsd to urmtsirt•d turvJ•. Qov•m*n¢• ets•ts 2023 2022 Accountancy fees Inde￿ndent examw*s lee 901 600 1.501 400 TnNl•M' r•mun•r•llon •nd •xp•nu• Exp•n8•8 ￿re paid to Irust¢g 01 £257 for trawl d￿ng ts y•ar12022- £3241. Nefv ts truslee$ nor any pgrsons c4nnectwJ lo th•n r•e*v•d rwnun8rnb"¢)n from th• charity. Page 12 Th• Blonde d'Aqultalne Breeders Soclffjl of Grnat Brltaln Umlted Notes to th• Flnanclal Stat•m•nts for the Year Ended 31 Docemb•r 2023 Cont￿(￿d N•t1oxpondltur•Vln¢om• Net le¥￿nd￿UTewln¢ome 18 gtated after charging.. 2023 2022 Atsounlancy fÈe$ Independenl ex8min8fs f•• 901 600 10 InvMlm•nt• h•kl a• Ilx•d a•••ts Unll•t•d Inv••tm•nts Mark•1 valu• As at 1 J8nu8ry 2023 R•valu8tion Ai It 31 O•c•rnber 2023 980 3,466 N•t bwk v•lu• As at 31 December 2023 As at 31 Decembgr 2022 3,48e 980 All Inv•stm•nt ass•ts w•M h•ld In the UK. 11 D•btor• 2023 2022 Trade debto Qth•r d•blor8 Prepayrnents and accrued Income 14,878 2,772 1.365 1.055 5,192 1,021 15.699 Pagg13 Thè Blonde d'Aquiiaine Breodgrs Society of Grtat 8rltaln Umlted Notes to the Financial Statements for th• Year Ended 31 December 2023 12 Credltov•: Arngunts falling du¢ Tphthin one >*ar 2023 2022 Tradt crsdrtors T8xation and sotsal secunty Acc￿￿1$ ar¥J defetrtrj incL*nè 7.517 320 12.444 20.281 3,258 2,188 13 mom￿￿, Ilablllty Th8 chanty is a privat• eornpany limrt•d by guoranlee aTrJ corwuenty doo$ not ha￿ share c8WI. Each of th8 rnemb8r5 liable to ojntribute an amount not exceediry £5 tryard5 the a558ts of dmnty in the e¥ent of INuKlatyon. 14 R•lat•d partb•• Controlllng trntity AJ rnembers of charty w￿) have paKI thw'r subwpti￿s for ts year are entitsd to on• vot& at 811 ¢hanty rneeb"rwJ5. Relat￿ p1rtyts*n&￿tiDnI The Gharity PaKI £24.2CQ to Ped¥)￿ LNestock ServKes Ltd duriThJ the yèar 12022." £19,750) for the administration of the chanty aThJ £767 for traTrA exFenses. Andy Ryd8r is the sok dirtdor of Padigree Livestock SarMC•S Lirnit￿. 16 An•1￿￿ of fund¥ r¢cogni8ed galn• I At31 O•e•mb•r 2023 Al 1 January 2023 In¢ornlng RMour¢•s G•n•rnl Fund• Unrestricted income 127.650 45.446 146.8571 2.SC6 128.745 Page 14 Th• Blonde d'Aqultalno Br••ders Society of Grnat Britain Limit•d Notgs to tho Flnanclal Statgrngnts for thg Yèar Endgd 31 DKgmbgr 2023 .. cont￿u8d Prlor porlod At1 January 2022 In¢omlng rnjourc At31 DKemb•r 2023 expend•d G•noral Fund• Vnrestncted Income fund 114.571 48,886 135.7871 127,650 16 N•t ••••t• by lund Unr••trl¢t•d Fundi Tot•1 Fund• 2023 Tot•1 Fund• 2022 Tangible a8sels Inv8Strnents Current assets Credrtor8.' Amount8 lalling du• wthin one year 3,466 145,540 120,2611 128,745 3,486 145.540 120,2811 128.745 132,118 15,4481 127,6SO Prlor p•rlod Unr••trlct•d Fund• Tot•1 Fund• 2022 Totsl Fund• 2021 Tangib¢g assets Inv•$tm•nt• Current assets Creditors. Amounts falling dye bwthin onè y•8r Not 88s¥t8 980 132.116 15,4461 127.850 980 132.118 15,4661 127.850 980 117.974 14,3831 114,571 Pa￿ 15