CHARITY COMMISSION The Border and Lakeland Holstein Club Registration number: 517442 Annual Report and Financial Statements 31 December 2024 dOdd&co
The Border and Lakeland Holstein Club Contents Refence and Administrative Details Trustee5' report Trustees, responslbS1itles Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements
The Border and Lakeland Holstein Club Referenc6 and Administrative Details Charity name Thè Border and Lakeland Holstein Club Charfty reglstration numbor 517442 Principal office Inglewood House Calthwalt8 PENRITH CA119RE Registered office Inglewood House Calthwaile PENRITH CA119RE Trustees M M Hutchinson {Resigned 18 March 2024) N Brough T F Chester M Wilson S J Brough (Resigned 18 March 2024) D Hodgson A Carter {Resigned 18 March 2024) (Resigned 18 March 20241 C W Bushby K Wilson (Resigngd 18 March 2024) (Resigned 18 March 2024) I Caddy H Piitchard (Appointed 18 March 2024) Secretaries S Creighton (Resigned 15 September 2024) H Wilson (Appoinled 15 Septèmber 2024) Accountant t)odd & Co Limited FIFTEEN Rosehill Montgomery Way Rosehli l Estale CARLISLE CA12RW Page 1
The Border and Lakeland Holstein Club
Trustees. Report for the Year Ended 31 December 2Q24
The trustees present their r8POrt on the financiai sta18ments of the Trust for the year 8nded 31 Dècember 2024.
The financial statements have been prepared in accordance with the accounting policies set out in notes lo the
accounts and comply with the charity's governing document. the Charities Act 2011 and Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Goveming Documpnt
The trust was establish8¢J by a Trust D&ed dated 29th March 1999 and wa5 registered wilh the Charity
Cornmissioner in accordance with the Charities Act 2011.
Appolntment of Trustees
Trustees are appointed in line with the trust deed. at the Annual General Meeting.
Risk Assessment
The trustees review the iisk facing the Trust on a regular basis. They do not consider that there are any
significant risks currendy facing the charity-
Publi¢ Benefit Statement
The trustees have paid due regard to th8 Charity Cornmission's publ benefit guidance.
OBJECTIVES AND ACTIVITIES
Th8 aim in the finanu81 period is to maintsin membership through continued promotion of th8 Club and so
promote the Breed to the benefit of members through affilialion to HUK.
Mission Statement
The objects for which th8 club is established are-_
(A) The promotion of Agrtculture by the engagement, promotion and improvemenl of the breeding of Holstein and
Friesian cattle in the United Kingdom wilh reference lo the County of Cumbria but not confined therelo.
(B) To assist in promoting the charitable objects of Holst&in UK.
The Border and Lakeland Holsteln Club Trustees, Report for the Year Ended 31 December 2024 Movements on Re80urces Thè princlple sOue of funding durlng the year was the Income re1V0d from commlssion due from the auctions, along with subscriptions. Outgoing resources have been expended on judging competlllons, social events. educational aclivili8s and secretaries honorarium amongst others. Free reserves at the year end were £65.934 (2023: £62.8451. Approved by the Truslges on 31 March 2025 and signed on their behalf by: N Brough Trustee Page 3
The Border and Lakeland Holsteln Club Trust8es' Responsibilitles In relatlon to the Financial Statements The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting StsrKlards. The law applicable to charities in England and Wales requires the trustees lo prepare financial slalements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. the trustees are requirèd to.. select suÈtable accounting policles and thgn apply them consistenuy; obserrfe thè meth¢Jds and principles in the Charftles SORP. make judgements and esllmates that are reasonable and pruderrt", stat8 vthether applicable aGcounting stsndards have been followed. subject lo any matedal departures disclosed and explained in the financial statements., and prepare the financial statements on Ihe going concem basis unless il is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that dis¢lose with reasonabb a¢¢ura¢y at any time the financial position of the charlty and enable them to ensure that the financial statements comply with the Charities Acl 2011 as amended by the Charities Act 2022, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. Th8y are responsible for safeguarding the assets of the charity and hence for taking r8asonable st8ps for the prevention and d8t8Ctton of fraud and oth8r irregularitias. Page 4
Independent Examinerf$ Report to the Trustees of The Border and Lakeland Holsteln Club I report on the accounts of the charity for the year ended 31 December 2024, which are sel out on pages 6 to 13. Your attention is to drawn to the fact that the Charity has prepared th8 financial slatemenls in accordance with Accountlng and Reporting by Charities preparing their accounts In accordan¢e with the Financial Roportlng Standard applicable in the UK and Republic of Ire18nd (FRS 1021 in preference to the Accounting and Reporting by Charities: Slatement of Recommended Practice issued on 1 Aprll 2005 which is referred to in the extsnt règulations but has since been withdrawn. We undersL9nd that this has been done in order for the accounts to provide a true and fair v18w In accordance with the Generally Accepted Accounting Practice effeclive for reporting periods beginning on or aft&r 1 January 2019. Respedlve responsibilitios of trustee5 and examlner Thg Charty'$ trustees are responsible for the preparation of the accounts. The trusl88s consider that an audit is not required for this year under seclion 14412) of the Charities Act 2011 as amend8d by the Charities Act 2022 (the Act) and that an independent examination Is needed. It 15 my responsibility to.. examlne the accounts under section 145 of the Act,. follow the procedures laid down In the General Directions given by the Charity Commlsslon undèr section 14515) (b) of the Act: and state whelher particular matters have come to my attention. Basis of indopendent exarnlnerfs rnport My examination was caled out in accordance with Ihe General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wilh those records. It also indudes consideratlon of any unusual items or disdosures in the accounls, and seeking explanations from you as trustees tonceming any SLtch matters. The procedures undertaken do not provide all the eviden¢e Ihat would b8 required In an audit and consequendy no opinion is given as to whether the accounts present a 'true and fair vievl and the report is limited to those matters set out in the Statemenl below. Independent examinerfs statement In conneclion wilh my examination, no matler has come to my attention.. (1 } which gives me reasonable caus8 to believe that in any material respect th8 r8quirements'. to k88p accounting records in a¢¢ordance with section 130 of the Charilies Act 2011 as amended by the Charities Act 2022- and to prepare accounts which accord with the accountlng records, comply wlth the accounting requirements of the Act have not been met. or 12) to whlch, In my opinion. attention Should be drawn in order to enable a proper understsndlng of the accounts to be reached. FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA12RW nne Thomlinson FCA dd & Co Limited hartered Accountsnts 31 March 2025 Page 5
The Border and Lakeland Holst8in Club Statement of Financial Activities for the Year Ended 31 Doc8mber 2024 Unrestricted Totsl Funds Total Funds Funds 2024 2023 Note Incorne and endowments from: Donations and legacies Investments Charitable adivities Other trading activities Toial income 720 590 20,542 4,780 28,632 720 590 20,542 4,780 26,632 720 365 15,518 8,212 24.815 Expenditure on: Charitable activities Tota expenditure 22,836 22,836 22,836 22,836 25,180 25,180 Net Movements in funds 3,796 3,796 {365) Reconciliation of fund8 Total funds brought forw8rd Total funds carried forward 62,845 66,641 62.845 66,641 63.210 62.845 All income and 8xpendilure in 2023 was attributable to unrestricted funds. The notes on pages 8 to 13 form an integral part of these financial ststem8Trts. Page 6
The Border and Lakeland Holsteln Club Balance Sheet as at 31 D8c8mber 2024 2024 2023 Noto Fixed assetg Tangible assets 10 707 Current assels Debtors Cash at bank and in hand 11 21,501 48,325 69,826 15,152 50.173 65,325 Creditors: Amounts falling due within one yèar 12 {3,892) (2,4801 Net current assets 65,934 62,845 Net assets 66.641 62.845 Tho funds of the charity: Unrestrlcted funds Unrestricted income funds 66.641 62.845 Total charltyfunds The financial statements have been prepared in accordance wlth the Financial Reporting Standard applicable in th6 UK and Republi¢ of Ireland IFRS 102). 66.641 62,845 Approved by the Board on 31 March 2025 and signed on its behalf by. N Brough Truslee The notes on pages 8 10 13 fomi an integral part of these financial slatements. Page 7
The Border and Lakeland Holstein Club Notes to the Financial Statements for the Y•ar Ended 31 December 2024 Accountlng policies Statement of compllance Thè accounts (financial st81emenls) have been prepared under the historical cost convention with items recognised at cost or transaction value unless othernise staled in the relevant note{s} to these accounts. Th6 financial slat8ments have b88n prepar8d in accordanc8 With the second edition of the Charities Stalemènt of Recommended Practice issued in October 2019. the Flnanclal Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charitles Act 2011 as amended by the Charities Act 2022. The accounts {finanGial ststementsl have been prepared lo givg a 'lrue and fairf view and hav8 departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'tFue and fair view.. This d6parture has involved folbwing Accounting and Repcffting by Charilies preparing their accounts in aCcOrdar with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 rather than the Accounting and Reporting by Charities:Stalemenl of Re¢ommended Praeknce effective from 1 April 2005 whith has since been withdrawn. Basls of proparatlon The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwis8 Stated in the relevant accounting policy notes. Goin9 concern These financial statements have been prepared on a going concem basis. Fund a¢countlng pollcy Unrestricted income funds are general ndS that are available for use at the trustees, discretion in furth8rance of Ihe objectives of the charity. Further details of each fund are disclosed in note 14. Income and endowmer Donations are recognised where Ihere is entit18menl, probability of receipt and the amount can be measured wth suffi¢ienl reliability. Income from Government and other grants, whelher 'capital' grants or'revenue, grants, is recognised when the charity has entitlement to the funds, any perfom12nce conditions attached to the grants have been met, it is probable that the income will be received and the amount can b8 measured réliably and is not deferred. Incoma darived from ovenls. is recogniseej as earn8d (that is, as the lated goods or servi¢e$ are provided). Investment income is recognised on a receivable basis. In¢ome from charitsble actlvities includes Income recognised as eamed {as the related goods or services are provlded) under contract. Page 8
The Border and Lakeland Holsteln Club Notes to the Financial Statements for the Year End•d 31 Decomber 2024 . continued Expenditure Liabilities are recognised as soon as there is a legal or constructive obligation Gommitting the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relaterl to the category. Fundraising cosls are the costs of trading forfvndraising purposes. Charitable expenditure comprises those costs inCUrd by the chartty in the delivery of ils activities and Services for its beneficiaries. It includes both costs that can be allocated directly lo such activities and those costs of an indirecl natu n8cessary to support them. Support costs Support cnsls include cenlral functions and havo been allocated to activity cost categories on a basis consistent with the use of r8sources. Fixed assets Indivldual fixed assets cosllng £100 or more ar8 initlally recorded at cost. Deprociation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expecleé useful economic life as follows.. Fixiures, fittings and equipment 3 years striaghl lin8 basis Cash and Cash Equlvalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an in5ignificanl risk of change in value. Donatlong and legacle5 Unr•strict8d Total Funds Total Funds Funds 2024 2023 Donatlons and legacles Appe815 and donations 720 720 720 Page 9
Tha Border and Lakeland Holsleln Club Notes to the Financial Statements for the Year Ended 31 December 2024 .. continupd Oth8r trading activities Unrestricled Total Funds Total Funds Funds 2024 2023 Fundraising activity Presidents dinner Summer herds competition 1,065 1,666 270 (405} 310 40 310 40 AGM Dairy Day 2021 Winter herds competition Sponsorship Club trip income stock judging 780 3,650 780 3.650 2.600 1.810 1,206 8,212 4,780 4,780 Invèstments Unrestficted Tolal Funds Total Funds Funds 2024 2023 D8posil account inter8sI 590 590 365 Charitable activitios Unr•stri¢tod Total Fund$ Total Funds Funds 2024 2023 Promotion of breèd Subscriptions Commission 2.925 17,617 20,542 2.925 17,617 20,542 2,990 12,528 15,518 Page 10
The Border and Lakeland Holslein Club Notes lo the Financial Statements for th• Year Ended 31 December 2024 . conlinued Expendlture Promotion of breed Total 2024 Total 2023 Direct costs Winter herd competition and dinner Prize money HYB support and expenses Summer herd competition Presidents dinner AGM Club trip expenditure Donations and sponsorship Stock judging Bad debts wrillen off 2,401 4,320 2,440 1,295 2.401 4.320 2.440 1,295 933 6,025 3.190 1.632 2,136 455 2,195 374 1,216 380 1,143 950 14,519 374 1,216 380 1.143 950 14,519 1,972 90 19,109 Support cts Secretsries honorarium Insurance Postage and telepho Webstte costs Sundry expenses Accountancy and professional fees Depreciation 3,900 100 70 2.653 854 720 20 8.317 3,900 100 70 2.653 854 720 20 8,317 3,600 100 390 383 878 T20 6,071 22,836 22,836 25,180 Governance costs 2024 2023 Accourrtancy fees 720 720 720 720 Trustees, r6muneration and expgnses No trustees r8Geived any remuneration during the year. Page11
The Border and Lakeland Holstein Club Notes to the Flnancial Statements for the Yaar Ended 31 December 2024 . contijryued Taxation The registered charity is exempt from taxation on income and gains. 10 Tangiblefixed assets Fixtures. fittings and equipment Cost As at 1 January 2024 Additions As at 31 Dernber 2024 4,311 727 5,038 Depreclatlon As at 1 January 2024 Charge for the year As at 310ecember 2024 4.311 20 4,331 Net book value As at 310ecember 2024 As at 31 December 2023 707 11 Debtors 2024 2023 Trade dèbtors 21,501 15,152 12 Crnditors.. Amounts falling due within one year 2024 2023 Trade creditors Aqcruals 1,000 2.892 3,892 1.440 1,040 2.480 13 Related partles Controlllng ¢ntity The charity is controlled by th8 trustees. Page 12
The Border and Lakeland Holstein Club Notes to the Financial Statoments for the Year Ended 31 December 2024 . continued 14 Analysls of funds At31 Decernber 2024 Al 1 January 2024 In¢oming rosourcos Resources expended General Fund5 Unrestricted income fund 62,845 26,632 (22,836) 66.641 Prlor perfod At1 January 2023 Incomlng resourcès Resoure•s expended At31 Décèmber 2023 General Funds Unrestricted income fund 63,210 24,815 125,180} 62,845 15 Net assots by fund Unreslricted Funds Total Funds 2024 Totsl Funds 2023 Tanglbl8 assets Current assets Credltors.. Amounts falling due within one year Nel assets 707 69,826 {3,892} 66,641 707 69,826 (3,8921 66,641 65,325 (2.480> 62.845 PTior perlod Unregtrlctsd Funds Total Funds 2023 Total Funds 2022 Current assets Creditors: Amounts falling due within onè year Net assets 65,325 (2,480) 62,845 65,325 12,480) 62,945 TO,327 (7.117) 63.210 Page 13