The Border and Lakeland Holstein Club Reglstration number: 517442 Annual Report and Flnanclal SLqtements 31 December 2025 dOdd&co
Th• Bonlor and Lakèland Holgtsln Club Contents Referen¢0 and Adrnini¥tstN• Detsils Trustees. Port TnJsle8s' responsibillll&s Indepgndtrnl examinerfs rewt Stat&ment of finanualaclwibgs Bakin¢è sheet Notes to the finandal statements
The Bordor and Lakeland Holstqln Club Rehrence and Adrnlnl$trativ• D•talls Charlty Tramo Tho Boftler and Lakoland Holsleln aub Charity registration numb•r 517H2 Prfnclpal offl Inglewc¥Jd H¢)u8e Calthwarte PENRITH CA11 9RE R•pIStor offlce Inglewood House Calthwalts PENRITH CA11 9RE Trust5 N Brough (resigned 25 March 20261 T F Chester M Wilson D H(9son H Pritchard G Lucas {appointsd 25 Marth 2026) S•¢Mlarl•s H Wilson fResned 31 Marth 2025) B Grtr•nh8h IAppointed 31 March 20251 A¢¢ounthnt Dcild & Co Limited FIFTEEN Rosehill Montg)mery Way Rosehill Estste CARLISLE CA12RW Page 1
Tho Border and Lak•land Holst•ln Club Trnstws. Report for th• Year Endod 31 Décember 2025 The trust88s pent their rwrt on the financkql ststements of the Trust for th& year ended 31 Decemb&r 202S. The financial statements have been prèpared in accordan¢e ¥Alh the accounting poliues set out in notes to thg accounts and comrAy ihe th8rity's governirvJ document. Ihe Charibes Act 2011 and A¢¢ountiro and Reporting by CharitS.. Ststem•nt of Recommènded Practice applicab to tharities preparing thésr 8¢xounts in accord8ne8 with the Finana81 Reporb"ng Standar(l in the UK and Republic of Ireland. STRUCTURE, GOVERNANCE AND MANAGEMEKr Govomlng Documont The tntst Was aStatllsh8d by a Trust Dead dated 29th Mwch 1999 and was regi8tered wllh lh8 Charity Cornmissloner in accordan wEth the Chariknes Act 2011. Appolntm9nt ol Tru6ts0s Trustses aré 8PPOirtéd in line with trust deed, at ihe Annual Gèneral Meeting. Rlgk AsseOr The tnjstees review the risk f¥¢ing the Trust on a r8gular basis. They do noi considèr that there are any sKJnrfi¢ant rfsks currenuy faong Iha charity. Public B•nefft 8taternent Tha InJsts88 havg paid due ward to the Charity Commission'8 publk banefft guldance. OBJECTIVES AND ACTMTIES The aim in the financAal PBrityJ 18 to rnaintain rnemb8tshlp throuth rnntinuod promotion of thè Club and so promote thè Bread to the benefft of members through affiliation to HUK. Ml88lon Statemènt The objects for whh the dub is estaillghed are:. (A} The prornotlon of Agricu[8 by ibe engagernenl, PTomotlon and Improv8mgnl of the breeding of Holstoin and Frthian in thg Untted Klngdom wlh ref8renc9 to thè County of Cumbrla Jt not Conffin thereto. IBI To assist in pronlIng the charitable obj8cls of Holstein UK. (Cl To promote sg18# by Atn under RuS ofthe Soci8ty (DI To encoLKag6 the k8ÈrAny of oificial milk rn¢x)rdlYvJs and genelc d8ts. {E) To arran educational fvnctKJns 8$ are considerè£J n8c8ssary for #dvancemont of the oblectfves of the Club. (F) To do all such other Ihiw¥Js a5 are necessary for th• attainmentofthe Club's objeclivos. ACHIEVEMENTS AND PERFORMANCE The Club has con*"nued to rnairrtaln 8 f8ity constarit ievgl of rrombernhip da$1• th• nation81 trond of redurirvJ numb8rs of d8iry raMrS. Finanualtythe tlub has made a surplu8 In funds, causng a small tr)crease in thè ovarall reservas. FINANCIAL REVIEW R980Nes Policy Income rec8ivgd by th& trust Is Inves by th8 trustees And Is availab18 to be used by the tnJ¥l lo furthgr the CoMnn objecths. Page 2
The Bord•r and Lak•land Holsteln Club Tru8te•s' Report for th• Yoar Ended 31 DeMb9T 2025 Movgmonts on Rosoui¢g9 The principle source offunding during the year was the income received from ¢ommissi?n due from ihe aucuons. along wth $ubsuiptions. Outgoing resources have beon expanded on judglw competition8, social events. educational aclivib.ès and sètretsries honorarium amongst others. Flee reserves 81 the year end were £69,675 12024: £65.9341. Approved by th& Truste on 25 M*d) 226 and S#jr on their behaw by. ruslee Pagg 3
Th8 Bord•r and Lakgland Holsteln Club Trusto•8' R•8ponsibilitios in relatlon lo tha Flnanclal Statements The truste88 are responsible for preparing th¢ Tmstees. Rewt arvj the financaal ststgments in aTr¢e th apF4icable law and United KirvJdom A¢cr)unling Standards. The law applicabltr to chgrities in England and Wales requires th8 trustees to prèpart fmnd81 statements for e8ch finane4al year which gNe a and f8ir vw of the sts18 of affairs of the charity and of the incx)ming r8sourcgs and appli¢8b"on of resources of the tharity for that peric4J. In preparing the9e flnanci81 statsm8nts, Ihe trustees are required lo.. select suitable accounting policaes and then apply them consistentl, observe the mgthL¥Js and princiF4es in th• Charities SORP,. make judgements and $$tSmat8s that are rea50nabl& and pwdènt st8t& whether applicabla a¢o)unting standard3 hav$ been followed. subject lo any materi81 departur68 disrkned and explained in the finanaal ststements: and preparé Ihè finBncAal slatem8nts on the going con¢•m bBSiS unless it is inappropriate kn piesumo that the charity will conlinue in busines5. The trustees are resrA)rnsible lor keepiw Proper accounlirwj rer(l$ thot disdose with reasonable ac¢ur8¢y at any lime the financial position of the charity al enabte them lo ensure that the financial ststements compty wth th8 Charitles Act 2011 as am8nded by the Charities Act 2022, the Charty IAccounts and RgpLirtsl Regulatsong and lh8 provisions of the trust deed. They are re8ponslbl• for safeguar<ling the assets of th8 chan.ty and h8nc fortsknng reasonable steps for th& preventr. and delethon offraud and othèr Irr9gariues. Page 4
Independ•nt Examinerfs Roport to the Trutees of The Border and Lakeland Holst•ln Club I rèport on the ac(x)tJnts of the charity for the year ended 31 December 2025. which are set out on pag99 6 to 14. Your alt8nlion is to drawn to the fact that the Charity has prep8red the fmancial stat&monts in a¢(rance with Accounting and Reporttng by Charibes preparing thelr accounts in 8¢cordance with the Finanual Rew)rling Stsndard applicabb in thg UK and Republic of Ireland {FRS 1021 in preference to the Acc£untin9 and Reporling by ChareS.. Sl41gm9nt of Recommended Practu issued on 1 Awl 2005 15 r•f8rr8d to In th8 extant regulation$ bul has since tsegn thdravm. W8 understand that this has b99n In ord&r for the accounts to provfrJ8 a trtje and fair view in a¢xordancg th the Generally Accepted Accountlny Practlrn effective for reForting rIOdS b8ginning on crf after 1 January 2019. R•sp•ctlv• rospon$lbllhl•8 of trust¢e$ and gxamln•r The Ch8rity$ InJstee5 are ro$ponsible lor the Preparation of thè aCCn The trustees consler that an audit is not QuIred for this year under saction 144121 of the Charities Acl 2011 as amended by the Charities Act 2022 (thè Act) and that an ije[denteXarrn3tItsn is needed. It 55 my respwsibulty to: èxamlnè thè a¢eAJunts under sedon 145 of the Act.. f01h the procedures laid down in the General Directions given by the Charity Comrnk88ion under s&cllon 145 (51 (bl ol the Act.. and state s%elh9T PArtI(xJl8r mattert hève como lo my attontbn. Ba8lB Ot Ind•pèndont •xamln•rf• rnport exan¥nalion va5 c4rried out in aw)rd8nce th the General Dir8ctions by Ihe Charity Comm15sion. An gxaminthon incfudes a review of lh8 accountiw reco¥ds kept by the charity a comparison of the accounts presenled 74thti those records. It also Incfudès rS1deTatn of unusual Items tsr discjosures In th8 accoutts, and seeknng explanations from you as tw$tees conceming any such matters. The procedure5 undertaken do not provide all Ihe 8dere that woukl b& In an audit and o)nsequénlly no opinion is given as to whether Ihe aOunt5 present a Irue aThJ fa vtew ar the report is limite(J to those matters ¥et out in the statement b¢l¢)W. Indepondont •xaminorf9 stat•m•nt In connection with rny examination. no mattgr has come lo my attgntlon.. 111 whKh givgs wng rpasonable iause to bdieve that in any m¥tgtial re¥p8Ct Ihg requirements: to keep 8¢countlng records In 2ttOTdance wrfh tIon 130 of the Ch85 Act 2011 as amèndèd by the charits Act 2022.. and to prepare acrjntS whlch accord with thè sntIng re¢5, o)mk4y vthh the accountlng requ1mnts of the Acl have not been met., 12} k) which. in my opinion. attgnlion should be drawn in ¢yd¢r lo gnable a propgr undgrslandlng of the 8co)untsto bg reached. FIFTEEN Rosehill Montg¢m$ry Way Roséhlll Estste CARLISLE CA12RW ne mllnson FCA d & Co Lirntted Chart8red Accovntants 25 March 2026 Pag8 5
Tho Bordar and Lakèland Holsteln Club statsmont of Financial Acllvltles for tho Yoar Ended 31 Decomb•r 2025 Unrestrlct•d Total Funds Total Funds Funds 2025 2024 Income and endowm•nt6 from: DonatwJns and 98¢$ Investments Charitable activities Olhor trading actNities Total incoff 1.000 533 19,626 12,010 33.169 1.000 533 19.628 12,010 33.169 720 590 20.542 4.780 26.632 Exp•ndrturo on: Charitable activil Totsl 8xp8fKlrture 29,670 29,670 29.670 29.670 22.836 22,836 Net movements in fvrK15 3,499 3.499 3,796 R•¢onclllatlan of fund• Total funds brought foTr Total funds caryied fotwar 66,641 70.140 66,641 70,140 62,84S 66.641 All income and expendiluo kn 2024 was attribUts to n$trd fundg. Th8 nol88 pages 8 10 14 form an intsgral part of these financi statements. Page 6
The 8ord•r and Lakeland Holstsln Club Balance Shwt as at 31 December 2025 2025 2024 Fixed a88•ts Targib18 assots 10 707 Currènt a88•ts Debtors Cash Bt bank and In hand 11 18,244 52.491 70,735 21,501 48.325 69.826 creditors: Arnoynlts tslllng dug wlthl 12 11,060) 13.8921 N•¢ currnnt assets 69.675 65.934 Net Issets 70.140 66.641 The funds of tho charlty: Unrestricted fund$ UnStriCtad incomg funds 70.140 66.641 Total ¢harty funds The financial 8tatèmenls have been pmparnd in accordance with tho Finanoal Reportlng St8ndard applicab the UK and Republk of Ireland IFRS 1021 70.140 66.641 Approved by the Board on 25 March 2026 and slgn8d on its behall by.. The notgs on page8 8 to 14 fcfft) an integral p8rt ofthesè fmancial stslemenl5. Page 7
The Bordar and Lakeland Holsteln Club Nots3 to th• Finaneial Statomonts for th• Year End•d 31 D•c•mb•r 2025 AcUting poli¢101 StAt•m•nt of eompllan The accounts lfinanoal statement51 hav8 b88n prepared under th8 historical cost convention with ilems recognlsed al cost or tranSactn vaue UnSS OtheTwise ststed in the relevant notelsl to th8s aceounts. The finanrjal ststements have been prepared in accordance wilh the seconcl edition of th9 Ch8riti&s Statement of Recommended Practice issued in October 2019, the Finantyal Reporting Standard applicab in the United Kingdom and R8publi¢ of Irehnd {FRS 1021 and the Charities Act 2011 as amgnded by tho Charitses Act 2022. Th8 accounts Iflnanclal 8tatemgnlsl have been pr8par8d to olvg a 'trug and falf vi6w and have d8parted from the Charit$ IA¢xounts and Reports) Regu18tions 2008 onty to th8 oxtont wuired lo provhle a Irue 8nd f8ir view,. This dep8rture has involved folbwiNg A¢wunting Bnd ReportiThJ by Ch8rili85 preparing their accounts in accordance with th8 Ftft¥ncial R8Wrting Standard applirabl8 in th8 UK and Republic of IrelaThJ IFRS 1021 ralher Ihan the A¢¢ountlng and ReprrttlwJ by Charbties:Statemerbt of Recommended Praclic• effectfve Irom 1 AMI 2005 whlch has been Wthdrawn. Bas1# of preparatlon The charity megts th8 dofinitK)n of a public nefit gntity under FRS 102. Assets and liabilities are inrtialty re¢cJnised at hi*torical cost or transactir)n valu8 unless otherwise stated in the relevant 8ccounting policy notes. Going concgm Tttese Ilnan¢hl slatem&nts have been prepared on a going rx)rern ba51S. Fund accountlng pollcy Unrestrirted InMe fvnd$ 8r8 genaral funds that are available for use at the Irust888' di8¢rtition in rtherance of tho objectives of the charity. Further details of each fund are di8dos8d in note 14. Income and endowrnts Donations are recognised ere there is èntitlement. probabllty of reeelpt and the amount can be measured wlth 5uffident rellablllty. Income from Govemnwnt and oth8r grants. wheth8r'capltaf grants or'revenuè, grants. is recognlsed whon the tharity has ¢ntiYement to th8 funds, any performance conditions attached lo the grants have been met. 1¢ is probable Ihatthe inwmewill be received and the amount can be measured reliaiAy anij is not deferred. Income dwived frryn events is r¢¢ognisad 8$ eamed Ithot is, as the related goods or seNtces ara provsdedl. Invgslm9nt incom6 is r8cognlsed on a rocefvable ba3iS. Irwmg froffl thartlablg a¢tivities includes income recogni5ed as las the relalgd gdS of sarvicos 8rn prowd8dl undgr contract. Page e
The Border and Lakoland Holsteln Club Notes to the Flnancial Stat8m•nts for tho Y8ar Endod 31 Dec•mb8r 2025 Exponditur• Llabilities are recognised as on a5 tharg Is 8 l&gal or constructlv8 (A)Ilgat(C comrnltting the charity lo tho expen(lilufy. Al expenrjrture is accounted for on 3n accruals basis awKI has b99n clas8ofied under h88dings that aggregate all cosls relatèd lo the category. Fundt71$lng costs ar8 the cl tradlng for fundralslng purp)s6s. CharftaNe expendtture m[Se5 those costs incurrad by the chadty kn tho ijellvery of Its 8ctlvtties an(1 ervice3 for Its bgnofi¢iaries. K Includès both wsts that can be aHo¢ated th8clly to such advlde¥ th costs of8n indiroct naturè necessary to supty)rtthem. Support costs Support costs indude central fundons and hav8 b88n alloGated to actbvity ¢08t *Ie$ on a basi5 con8181enl wth the use of resources. FIX afj$ots Indmdualfixed assets costlng £1DO or [re are Inltlalty record•d at &)st. Dwr•clatlon Deproryation is provided on tawibl8 ed assets so as to write off Ihe cost or valuation.188s eny estimated rgsidual val. 01 their expected usoful 9OrniC life Bs follows.. FiKturas, fiitirys and equipm8nt 3 yaars striaght lin• basis Cash and Cash Equivalents Cash and cash equivalents comprise cash on hand and call deposits. and olher short4emi highly liquid inveslmants that are readity wnvertit4e to o known arvount ofcash and are subject to 8n in8ignffieant risk of chatwg in vdue. Don4tlon• and l•gacl Unmtricted Total Fund• Total Fund¥J Fund• 2025 2024 Donatlon$ and legxi Appeals and donations 1,OC 1.000 720 Page 9
The Border and Lak•land Holst•ln Club Notes to the Financial Statements for tho Year Endod 31 Dember 2025 0th8r tradlng actlvltia8 Urbregtricted Totsl Fund¥ T¢Jtsl Funds Funds 2025 2024 Fundrnlslng actlvlty Presidents dinner Summer heids cornpfjlitlon AGM Wlntgr hords mpgts'tion Sponsorship Stockjudging 1283 165 135 5,427 4.850 150 12.010 1,283 165 135 5,427 4.8SO 150 12,010 310 40 780 3.650 4.780 Inv•stmBnts Unmlrlet•d Total Funds Total Funds Funds 2025 2D24 Deposit arKount int¢st 533 S33 590 Charitable al¥it•S Unrtslrlctèd Total Funds Total Fund¥ Funds 2025 2024 Promotbon of breed Subscriptions Commission 2,840 16,786 19.626 2.925 17,617 20,542 16,786 19.626 Page 10
Th• Border and Lak•land Holstsin Club Not83 to the Flnancial Statsmonts for the Yoar Ended 31 Dacgmber 2025 .. conttnugd Expgnditur• Prornotton f bM¢d Total 2025 Totsl 2024 Dlr4¢t ¢o•ts Wlnter herd compgtitkjn 8nd dlnner Prize money HYB $upp¢xt and &xpgnsas Summer herd Compet.( Prnsi¢J$nts dinn&r AGM Club trfp e4)endltu Donations and sponsorshlp StockjudgiThJ Bad debts wriitw) off 7.492 3.345 4.210 7.492 3,345 4,210 1.630 1,418 725 2,401 4,320 2.440 1.418 725 374 1,216 380 1,143 950 14.519 680 1,972 1,972 21,472 21.472 Support CO815 SeCtn&$ horar1M Insurance Pastage and tslèrknne Website costs Sundry eXn$S Accountancy and professial fè8S D8prodatkJn 4,800 100 190 4.800 100 3,900 100 70 2,653 854 720 806 1.340 720 242 8.198 1.340 720 242 8,198 8,317 29,670 29.670 22,836 Govornanc• costs 2025 2024 ountanwtses 720 720 720 720 Trust••s' rgmynwation oxpon8gb No trustèes received any remuneration during the year. P8ge11
Tho Bordèr and Lakeland Holsteln Club Notes to the Finan¢lal staton for th• Year Ended 31 DeMber 2025 Tixation The regislergd tharily is exgmpt from tsxalion on Income and galns. 10 Tanglble flxed a•80ts Flxtur•$. fftdngs and equipm•nt Cost As at 1 January 2025 and 31 D•¢embttr 2025 5.038 D•pr•clallon A5 at 1 January 225 Charge ts the year AS at 31 Decembgr 2025 4.331 242 4.573 N•t book Y#luÈ As at 31 O•c•mr 2025 As at 31 December 2024 465 707 11 Dobtors 2025 2024 Trade debtors 18,244 21.501 12 Cr•ditOT5: Amounts falling duo within on• ar 2025 2D24 Trade creditors Acttuals 340 720 1,060 1.000 2,892 3,892 Page 12
The Bord•r and Lakeland Holst•ln Club Note8 to the Flnancial Slatem•nts for tho Yur Endéd 31 Dfjcember 2025 conynuod 13 Rèlated partlas ControlllTrg ontity The charity is ¢onlrolled by the trustees 14 Analstsis Of fund5 At31 Decernbor 2025 At 1 January 2025 Incomlng resour¢e$ R•sour¢•¥ •xp•ndgd G•neral Funds Unreslricted inconw fund 66,641 33,169 129,6701 10,140 Prlor pèrlod Janu4ry 2024 Incomlng Ro$our¢g$ IoUrCeS •xp?nded At31 I)ecemr 2024 General Funds Unrestricted incon* fund 62,845 26.632 122.836) 66,841 Page 13
Tho Bordor and Lakeland Holstsln Club Nots$ to the Flnandal Stateme3 for the Year Ended 31 Docembor 2025 .. conllnLvd 16 Net a88et8 by fund Unmtri¢t•d Fut)ds Totsl Funds 2025 T¢)tal Fund# 2024 Tangible as58ts Current 8ssets Creditors.. Amounts falling due within one year Net as$gts 465 70,735 (1.0601 70.140 465 70.135 11,0601 70.140 707 69,826 13,8921 66,641 Prlor pgrlod Unr•strlct•d Funds Total Funds 2024 Total Funds 2023 Tangible 88sets Current assets Credltors: Anunts falllng due within one year Net assets 707 69,826 13,8921 66,641 707 69,826 13,8921 66,641 66,325 12.4801 62,845 Page 14