The Brown Swiss Cattle Society (UK) (A ¢xe Working ￿11 as a way of keew'ng memb8r8 upd8ted wth breed r8suItS and Council decisions. FinancSal Rovlv The charity held unr&stlct8d reseNes of£28.956 #t the year eTrJ. all of￿1¢h wore free reserves. Rejervu polky The reserves poliq is lo r*tsin sufficient resour¢es to ensure ￿ntinUty of operation under all c4rcumstsnc£s and to demonstrate Sound financial man89emenl practise. This means operating with a cash balance of betr￿en £10,000 and £15,Cl)O at the current lèvel of operation. Al the year end the cash bal8n¢e hdd was £3Q324 and this therefore ex¢e8ds the ¢urrent reserves policy. Plans fortho Futuro Follobmng approval by the membership to accept tho new Society constitution and convert to a CIO IChaTitsble Incorporated Org8nisats"onl. 8ppiic8tion has been made and work on getbng this implemented continue8. Page 2 Tho Brown Swlss Cattle Socloty (UK) Trustg08' Report for the Year End•d 30 Aprll 2024 oving forward ￿ alm lo do more to promote the Brown SWSG breed hare in th8 UK remlnding Dairy Famiers of thè breeds strengths. We hope to see numbers ol Swss at Sho￿ inuease to aid wilh this promotton. Small ¢on7pany provl•lons Thi8 report ha5 been prepafed in accord&n¢& ¥Mth the small companies regime under the com￿nIg$ Act 2008. Approved by the Board on 27 June 2024 and signad on ts behalfby.. S Williams Twstee Page 3 The Brown Swlss Cattle Society (UIQ Truste￿, Responslbllltl•8 In relatlon to the Flnancial Slaloments The trustees I￿0 are also directors of Th8 Brow Swss Ca￿e Society IUKJ for thè purposes of company law) are responsible Icr preparing Ihe TnJstees' Annual R8POrt and tre finanoal statements in ac¢ordanca with applicable law and the Financial Reports"ng Stsndard 102 - 'The Financ401 Reports"ng Stsndard applicBble in the UK and Republlcol Ireland. Company law requlres the trustees to Fwep8re financi￿ staternents for eath financial yèar give a true and fair view of the state of affalrs of the charitable company and of the incoming resourceB and applicalknn of re$ources, Including Sncome and expenditure, of the chark¥t4e company for that period. In preparing these nancial statements, the trus18es 8re required to.. s8lect surtable arcountiroJ polic4es and then ¥ply them consiStsntly'. observe the methods and ￿nripleS in the Charrties SORP; make ju¢Jgements and estimates trot are r88son8bl¥ and prudent.. Statè whather appli￿ble UK accounting stsndafds have been lollowed, Su￿.eCt to any material departLire8 dlsclosed and explained In the financial Stat￿ents., and prepara the finanrjal statements the going concem ba￿8 unless it is inawjropriate to presurne that th8 charitable companywll ￿ttInue in business. The tru$l8&s are responsible for kgeplng proper ¥ccounting records Ihat disclose ￿t￿ ￿asonable accuracy at ¥ny tirne the finanaal position of the ¢haritable cornpany and enable thèm to ensure that the finanaal Statements mply wth the Companies Act 20Ce. They a￿ also responsible for safeguarding tha 8s$ets of tre tharitsble ¢xmpany and hence for takn.ng reasonable Steps for the prevenb.on and dÈtecthon ol fraud other irfagular7ties. Page 4 Chartorod A¢¢ountants' Roport lo the BL>ard of Trustso8 on th• Preparatlon ol tho Unaudlt Statutory Accounts of The Brown Swlu CatU¢ So¢l•ty IUKI fortheyear Ended 30 April 2024 In rAder to 8$sistyou to fvlfil your dutie$ under the Companie5 Act 20Cfj. we have prepared foryour approval the ffnanual ststernenl$ of Th¢ Brown $v￿8s CatU8 Soclety IUKI for the year ended 30 Aprfl 2024 whlch comprfse the Statanent of Finantial Acts'vilies, and the relat&d notss from tre chaiits￿e ci)Thpanys accountirg Tecords and from infonnaty.on 8nd ¢xplan*"ons you have given us. As a practising member firrn of the Institute of Chortered A¢¢ountsnl8 In England and Wale5 IICAEWI, wg 8rg subject to it8 ethical and other prolessional requirements which detsiled http'.IA%w.i¢8ew.comlenlrnemberslregulations.stsndards-an4-guid8ncel. This report is made sol8ty to th• bo8rd of Trustees of The Cattl¢ Soclgty (UK), as 8 boty. In accord8nee with thg t8iin8 vf ¢)ur engagement letter datecl 19 March 2020. Our WDrk h83 been undertaken solety lo prepare for your appToval tho accounts of The Brovm Swiss Cattle So¢lety IUK) and stste those matters th3t we h8ve aoreed lo stale to the board of Trustees of The Bro￿* Sthryss C8tt1e Society IUK), a6 a boty, in thi8 rèport in eccordance with ICAEW Technical Rèlease 07118 AAF. To ihe fullest extent pemiltted by law, we ¢Jo not accept or assume r8sponsitx.lity lo anyone other than The Brown ￿￿$5 Cawe Socaety IUK) and its board of Trustee6 as a boty for ourwc*k or for tris report. It is your duty tc enwre that The Br(pAn SvAs$ Cattle Society (UK) ha5 kept adequate accounting i¥cor(Is and to prepare slalutory accounts that give a true and fair view of the assets, Iiabilib"e9, fin8nri81 po8ition and deficAt of The Brown Smriss Cattle Sodety (UK). You considerthatTho Bro￿ Swss Catue Society IUK) 1$ ex¢mpt from the statutory audit requirement forth8 yew. We have not been Instructsd to cary out an audit or a remew of the 8ceounts ol The Brovm Smqss C8tlle Sorjety IUKI. For th18 reason, we have not vth$d Ihg accuracy or completeness ofthe atxcwnlng records or information and gxplangllon$ you have given to us and we do Th)t, therefore, express any opinion on the statutory attounts. Dodd & Co Limited Chartered Accountarrt8 FIFTEEN Rosehill Montgomery Way Ro8ehill Estste CARLISLE CA1 2RW 27 June 2024 Page S Th• Brown Swiss Cattle Soclety {UKI Statgmont of Flnanclal Actfvltl88 {Includlng Income and Expfrndlturo Account) for tho Y￿r Ended 30 April 2024 Unre•blcted Total Fundg Total FuTxI• Funds 2024 2023 Note Income And endowments Irom: Other trading activi*e$ Investrnent incorne Ch8rftsble act*￿tIeS Totsl income and enduhTrTnents 1.153 251 14,421 15,e25 1,153 251 14,421 15.825 3,348 97 16,751 22.196 Expendlturn on: Charitable activiti'as TotAI èxpendilu 18,7 16,7 18,7£ 16,796 20.363 20,363 Nel movements In fijnds 19711 19711 1,833 R•concIlia￿On of fund• Total fijnds br¢ught fowdrd Total funds carrièd fowr(I 29,927 28,956 29,927 28,956 28,094 29,927 AJI ofthe Charity's d•rive from c4Jntinuing operatr'cy78 durlng the above period& l income and •xpgnditure in 2023 was attribut8bleto unrethded ￿nd5. The ncles on ￿g•S 8 10 12 fonn an intsgrgl p8rtoflhe$• flnanoal statemonts. Poge6 The Brown Swim Cattle Socloty IUKI Company registrotion number: 01122054 8alanc• Sh••t a• at 30 April 2024 2024 2023 Mots Curr•nt as8•t8 Debtors Cash at bank and in 3,375 30,324 3,971 30.299 33.￿39 34.270 CredltoTr¥: Amounts falllng due Wrythin ne year 14,7431 14,3431 N•t curr•nt aws•t• 28,9S6 29,927 Nèt 8880ts 28,956 29,927 The fund• olth• ¢harfty: Unmtrfct¢d funds Unrestrided income fijnds 28,958 29,927 Total charlty lund$ For the finaneial year endeLI 30 April 2024, th& charity was entitled lo exemption from audit undor 88¢tSon 477 of the Cornpanies Act 20CE. 28,958 29,927 The mernbers have not required the Charty to obtain an audit of it8 accounts for the year in question in acccKdancèvitth sÈc¥on 476 ofthe Act. The directors aC*nth￿￿dge their responsibilities for complying wlh Ihe requirements ol th8 Act vthh reBped lo accounting records and the preparation ofaccounts. These accountg have been prepared in ¥C￿ra￿ne￿ wth the prOvi￿on8 applicakye lo ￿mpanIeS Su￿.eCt to the 6m81 companies regime. AFwoved ty the Board on 27 June 2024 ¥nd stgntsd on its behalfby.. S Willlams TruBtee The notes on page8 8 to 12 lom on integral partofthese fin￿￿al statements. Page 7 The Brown Sw188 Cattlo Socloty (UK) Nots8 to the Flnanclal Statements forthe Y¢ar endod 30 Aprll 2024 Ao¢ountlng pollcl Summ•ry of 8lgnlfi￿ht •c¢ountlng pollcles and key aeeounting wtimat The prinupal 8ccounb.ng policies applied in the preparation ol thèse financial staternents are set out below. These policies have been consistenlly applied to all the ye8r3 presented, unles$ olheNise staled. Statement of compllanc• The financia statements h8v¢ bosn prtrpared in accordance %wth Accounting and Reporthg by Charltles.. Stslement ol Recornmended Pra￿￿ applIca￿e to ¢harttie8 preparing their accounts in o¢¢ordan¢e %wth the Financial Reporting Stsndard applicable in tre UK and Republic ol Irgland IFRS 1021 leffective 1 January 20191- Icharilies SORP IFRS 10211. the Finanaal RepOr￿.ng Standard applicable in the UK and RepLknlic of Ireland IFRS 1021 and th& Companies Act 20C6. Ba819 of preparatlon The charitable company meets the definIt￿n ol a public bènèfit enb'ty under FRS 102, Assets and li8bilits.es ale inib"8lly recognised at hi8iori¢al cost transaction value unless utherwi8e 8tated in the relevant accouth.ng policy notes. Golng eon¢em These finanu81 ststemenls have been prepared on a gtAng concem ba818. The trustees 05S?88 whelheT the use of going conc*m 18 appropriate i.e. whether there are •ry materi n¢ertainties related to events or ctsndititsns that may cast Significant duubl un the ability ol the Charity to continue as a going Concem. The trustees make Ihks assessment In ro8Pg¢t of a period of ona year trm) the datè ol Approval ot the financial stslem¢nls. F￿d accoun￿ng pollcy un￿StrIct¢d income funds 8r8 ggneT81 lund3 that Are availoble for u$¢ al the trustees. discretion in furth8rgn¢e ofthe objeth've5 ofth8 tharity. Further details of each ￿nd are discloBed in note 12. Income and endowment• Donations are re¢ognised sthen the Charity has been nob.fied in vfflting of both the amount and 8etUement datè, In the event that a don*lon 1$ Subject to conditk)ft$ thot requlre o level of performance by the Charity before the Charity is entided to the funds, the Incomè is deferred and not reC￿niSed until either those conditions are ftjlly me( or the fvlfllmont of tt)o$è conditions is wholly vAthin th$ control of the Charity and it is probablethat these condiUon$ ￿14 b8 fulffiSled in the reporting p¢rfod. Legary gffts are recognlsed on s case by case basis foll￿n9 the grant of probate when th6 administorlexecutor for the p81ate has cA)mmunicate¢ In writing both the amount and setUpTnenl date. In the 8verrtthal the grft is in the fomi of an asset other than cash or a financial asset traded on a recogni8ed stock exchange, recognition is subject lo the value of th8 gift b8ing rè118bly rneasured ￿￿th a dggree ol reasonable 3¢Gu[a￿ and the tive to the asset having been tran61erred to the Charity- Income from Govemmènt and otheT grants, sthelher'eapitsl, grants or'revenue, grants, 18 rewgn)sed %then the charity has enth'tlgrnent to the funds, any performance conditions attached to the gran15 have been m•L it 15 probable thatthe income will be ￿¢￿1Ved and the amountcan be measured reliably and is not deferred. Incoming rn¥ources from tax redaim8 are irKJuded ￿n the statern8nt of financial 8Ctivithe8 at the same lime 88 the gift to %thich they relate. Investment Income Is re￿gnised Qn a receivable basi5. P￿$8 The Brown SWI￿ Cattl• Soei8ty (UK) Notss to the Flnanclal Statsm•nts forthe Yoar Ended 30 Aprfl 2024 . continued Inojme from tharitsble actiwties indudes ints)me recogni8ed as eam&J las the related goodg or seNces ar& promdadl under eA)ntr8et. Expendlture Liabilittes are recogni$ed 88 soon as there 18 a leg81 or con9truetivè c4)lig•b"on comrnrtb'ng the charity to th expenditure. All expenditurg 1$ attounled for on an accruyls bas1$ and has be8n dg8slfiwJ under he8dSngs that aggregate all costs related to the category. Charitable expenditure cornprises those costs incurr8(J by the charity in the delivery of its acb"Mlies and services for its ben8ficiarie$. H indudes both costs that can be allocated direcfy to activities and those costs of¥n indirect nature nec&8saryto support them. Trado Debto Trade debtors ￿ gmounts due from ujstomers for merthandise sold or serwces pwfomied in the ord￿ary coursa of thsinèss. Trade debtor5 am re¢ognised initially at the transaction prico. They are subsequently measured at arnorbsed cost using th• eftectsve Interest method, less provlsloft for Impairnient. A provision for the impairmènt of trade debtors is established then there 15 objective evidence th81 tr78 Charity will not be able to CLJlled all amounts due according to the originat temis of the le￿1vable8. C•Bh and Cash Equlv•lonts Cash and cash equivalenls comprise cash on h8nd and call deposits, and other shtrt-lem) lTrighty liquid investmentsthat are readily ¢ottvèrb"bl8 lo a knw amount of cash and are subject lo an insignificant iisk cf change in valu•. Llabllltl¢• Trade ¢redttors are obligations to pay for g¢ods or 8erviceB that have been acquSred ￿n Ihe c¢dln¥ry course of business from supplièrs. Ac¢ounts payable are dassrfied as current li8bilrties if the Charty do8s not have an uncondillonal right, at the end ol the r¢p)rtlng period, to defer setuement of the Creditor for at least Iwelve months after th& rwrtlng date. If there 18 an uncorKlltion81 right to defer Settlement for al ltrasl tmth morths after the reporting date, they are presented as non-ajrrart Ilabi1rt1o& Tr8d& Creditors are Tecognised initlally at the transaclion pric8 8ThJ $ub$equ¢nlly measured at amortlsed cost using the effective interest method. Other tradlng a¢tlvlllo• Unr•strict8d Total Funds Tot#1 Funds Funds 2024 2023 Calf show entriès Advertising income Clothing sales 318 750 318 750 230 3,118 1,153 1,153 3,348 In¥•8tmentincome UnreJtricted Totsl Fund¥ Tot#1 Funds Fund$ 2024 2023 Interest on cash deposits 251 251 97 Page 9 The Brown Swim Cattle Soclaty (UIQ Note8 to the Flnanclal Statement• fortho Y•Ar Ended 30 Aprfl 2024 .. conllnued Ch•rftsble actlvStl UnMtrl¢ted Totsl Funds Totsl Fund• Fundg 2Q24 2023 Member subscnptions Parentage and DNA le81ing Fees and Sup￿leS Registratlons Classifications 6,226 156 160 6,475 2,465 14,421 5,225 156 160 6,415 2.465 14,421 S,950 702 140 9,912 2,047 1e,751 Expendlture Memb•rshlp T<)t41 2024 rotsl 2023 Dlrect costs PaF8ntage and DNA te81ing Contract services Regi81ralions Clas$ificalion5 Administration Gosts Compuier sgftwaTe and Maintenan￿ costs Travel and subsistence Adverbsing Bad deLtswNtten off 16S 127 2.740 2,758 185 127 2.74D 2.758 538 1,447 3,382 2,176 5.391 357 203 3,110 794 17,396 357 757 110 181 14.739 357 757 110 181 14,739 Support eosts Insurance Printing, postsge and 8ts11onery Sundry expen8e8 Accountancy fe¢$ 255 234 309 1,259 2,057 255 234 309 1,259 2.057 257 1.f01 457 1,152 2,967 16.796 16,796 20,363 Page 10 The Brown Swlss Cattl• Soclety IUKI Note8 to the Flnlnclal Stat•m•nt8 for th• Y•ar Endod 30 Aprll 2024 ,, cmtlnued GD¥emanc8 costs 2024 2023 ACCO￿lanCY fees 1,259 1.259 1.152 1.152 Trust••8' r•munerHtion •nd expons•* No trustees re￿[¥*d any rernuneration during the y88r. D•btor• 202 2023 Trade debtors 3,375 3,971 Cr•dltovs', Amount• lalllng due wlthln one ymr 2024 2023 TradÈ cxeditors Taxation and soaal security Acwals and defeffed incorne 2,968 710 1,065 4,743 2,229 1,089 1,025 10 Member•. liablllty The charity is o privats comp8ny limited by guarantee ond consequentty doe8 not have Bhare capital. Eat* of the mombeT6 16 lia￿e to contribute an amoLsnt not exceeding £1 tovrdrds th• assets ttl the charity in th8 event of liquidation. Page 11 The Brown Swiss Cattle Socloty (UK) Notsa to tho Flnanclal Statements for th• Yfjar Ended 30 April 2024 .. conbnued 11 ReJJt•d parti Controllng •ntlty Th• chartty18 ¢onlrtslled by the trustee$ pre 811 director8 olthe compony. 12 An•ty•i• olfund¥ At1May 2023 Incomlnq r•sourea• At 30 Aprll 2024 Èxpended General Fund¥ Unieslricted incorn$ fiJnd 29,927 15,825 If6.7961 28.956 Prlor perfod At1 May 2022 InGoming Resour¢eJ re80urce8 •xp•nded At 30 April 2023 General Funds Unrestricted Ino)me fund 28,094 22,196 120,363) 29,927 13 N•t ￿1•ts by fund Unr•strletsd Fund$ Totsl Fund• 2024 Totsl Fund• 2023 Cuffent assets Credltors.. Alnounts falllng due ￿￿thIn one yeor Net BS5ets 33.699 14,7431 28.9% 33.899 14.7431 28,958 34,270 14,3431 29,927 Prfor perlod UnreBtri¢tsd Fund8 Total F￿d0 2022 Totsl Fund¥ 2D22 Current assets Credrtors." Amounts folling du8witlMn one year Net a89ets 34,270 14,3431 29,927 34.270 14,3431 29,927 32.159 14,0651 28,094 Page 12