tto/& & L>/JJocit Chartered Accountants and Registered Auditors REGISTERED CHARITY NUMBER: NIC 101610 REPORT OF THE TRUSTEES AND UNAUDITED FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR HOLSTEIN NORTHERN IRELAND Patton Rainey and Associates Chartered Accountants 6 East Bridge Street Enniskillen Co Fermanagh BT74 7BT eHARTÉMEty Regi51ered lo carry oul audit work and regulated for a range ol investment business activities in the United Kingdom by the Inslilule ol Chartered AOuntants in Ireland
HOLSTEIN NORTHERN IRELAND CONTENTS OF THE FINANCIAL STATEIWIENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-12 Detailed Statement of Financial Activities 13
HOLSTEIN NORTHERN IRELAND TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present their annual report together with the financial statements of Holstein Northern Ireland for the year ended 31 December 2022. The following Trustees held office during the year and remain in office:_ Gaston Wallace Stuart Smith William Bolton John Martin The registered office of the club is 92 - 94 Granville Road, Dungannon B T70 INJ. The Trustees confirni that the Annual report and financial statements of the club comply with the current statutory requirements, the requirements of the club's governing document and the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities" issued in January 2015. Structure) governance and management Constitution The club is registered as a charity and was set up by a constitution on 22 March 1999. The club is also registered with the Charity Commission for Northern Ireland under number NIC 101610. nd b. Method of appointment or election of Trustees The management of the charity is the responsibility of the Trustees who are elected and co- opted by the management committee of the charity under the tenns of its constitution. Objectives and Activities Review of activities Holstein Northern Ireland is a registered charity that assists in the promotion of Agriculture by the encouragement, promotion and improvement of the breeding of Holstein Cattle in the United Kingdom of Great Britain and Northern Ireland and the Republic of Ireland with particular reference to the Counties of Arniagh, Down, Fermanagh, Antrim, Londonderry and Tyrone. By the improvement of the breeding of Holstein Cattle in Northern Ireland it is expected that the additional benefits of the improvement of animal welfare, the provision of infonnation and knowledge to local farniers to improve breeding decisions made by them, to improve the education of the agricultural community and the general public by the provision of inforniation and statistics through various forums, and contribution to the improvement to the social welfare of the rural community. The Charity has hosted presentations and meetings open to members and the wider agricultural community where the audience was addressed by infonTAed speakers from the agricultural sector. In addition the charity organised sales, open days, farni walks, herd competitions, judging competitions and educational tours all to educate members of the charity and the wider public. Page I
HOLSTEIN NORTHERN IRELAND TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 Financial review The Club is reliant on commissions on sales, subscriptions and contributions from its membership and sponsors which for the year ended 31 December 2022 amounted to £28,888 (2021 £64,800). The Trustees consider that the unrestricted funds of the Club will enable them to have sufficient resources and assets at their disposal to be in a position to adequately fulfil their obligations. The charity held £100,761 Cash Reserves at the year end (2021 £100,589). Reserves policy The income of the Club is considered stable and the risks associated with any significant reduction in income is regarded as unlikely. The Trustees are satisfied that a figure equating to approximately twelve months expenditure is an appropriate level of reserve balance at the present time. Plans for the future . Future developments The charity Rnt¢nds to continue the work Èt perfomis for the benefit of members and the public in accordance with the ternis of its constitution. Trustees, responsibilities statement The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charities legislation requires the Trustees to prepare financial statements for each financial year. Under Charities legislation the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the receipts and payments, of the charity for that year. In preparing these fmancial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently" observe the methods and principles in the Charities SORP. make judgments and accounting estimates that are reasonable and prudent. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities legislation. Page 2
HOLSTEIN NORTHERN IRELAND TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. th This report was approved by the Trustees on the 28 March 2023. And signed on their behalf by: Gaston Wallace Page 3
zeii & o/JJootzteJ Chartered Accountants and Registered Auditors HOLSTEIN NORTHERN IRELAND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLSTEIN NORTHERN IRELAND FOR THE YEAR ENDED 31 DECEMBER 2022 I report on the accounts of the company for the year ended 31 December 2022 which are set out on pages 6 to 12. Respective Responsibilities of Charity Trustees and Examiner As the Charity Trustees you are responsible for the preparation of the accounts in accordance with the tern]s of the Charities Act (Northern Ireland) 2008. Having satisfied myself that the charity is not subject to audit under Charities legislation, and is eligible for independent examination. it is my responsibility to: examine the accounts under section 65 of the Charities Act Follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act state whether partkcular matters have come to my attention Basis of Independent Examiner's Report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Charities Act 2008 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act 2008. That there is filliher information needed for a proper understanding of the accounts to be reached. Page 4 CkL4RTERED Registered to carry out audit work and r8gulaled for a range ol investment business activities in the United Kingdom by Ihe Insiiluie ol Chartered A¢counlants in Ireland
C)atto/& JThizey & o/JJooateJ Chartered Accountanls and Registered Auditors HOLSTEIN NORTHERN IRELAND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLSTEIN NORTHERN IRELAND FOR THE YEAR ENDED 31 DECEMBER 2022 Independent Examiner's Statement I have completed my examination and have no concerns in respect of the matters (l ) to (4) listed above and, in connection with the following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Thomas Samuel Patton FCA Patton Rainey and Associates Chartered Accountants 6 East Bridge Street Enniskillen Co Fennanagh BT74 7BT th 28 March 2023 Page 5 ¢*thATÉFÈO Registered to rry out audit work and regulated lor a range of investment business activities in the Uniled Kingdom by the Institute ol Chart8red Accounlants in Ireland
HOLSTEIN NORTHERN IRELAND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 31.12.22 31.12.21 Unrestricted Unrestricted Fund Fund Notes INCOME AND ENDOWNMENTS Donations, Subscriptions and Commissions 28,775 64,694 Income from Investments 113 106 Total Income 28.888 64,800 EXPENDITURE Charitable Activities Total Expenditure 27,856 56,340 NET (INCOME) FOR THE YEAR 1,032 8,460 RECONCILIATION OF FufqDS Total funds brought fonvard TOTAL FUNDS CARRIED FORWARD The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derived from continuing activities. The notes fonn part of these financial statements. Page 6
HOLSTEIN NORTHERN IRELAND BALANCE SHEET AT 31 DECEMBER 2022 31.12.22 31.12.21 Unrestricted Unrestricted Fund Fund Notes FIXED ASSETS Tangible assets 334 CURRENT ASSETS Stock Debtors Cash at bank and in hand 150 1.955 100 762 150 3.259 100 589 Total Current Assets 102 867 103 998 LIABILITIES Creditors: Amounts falling due within one period NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Unrestricted funds TOTAL FUNDS 230 The notes forn] part of these financial statements Page 7
HOLSTEIN NORTHERN IRELAND BALANCE SHEET- CONTINUED AT 31 DECEMBER 2022 The financial statements were approved by the Board of Trustees on 28 March 2023 and were signed on its behalf by: Mr Gaston Wal ace - Trustee The notes forni part of these financial statements Page 8
HOLSTEIN NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMEI¥4TS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POLICIES Accounting Convention The financial statements have been prepared under the historical cost convention, and in accordance with the requirements of the Statements of Recommended Practice, Accounting and Reporting by Charities. Income recognition policy Income is recognised included in the accounts when the club is legally entitled to income and the amount can be measured reliably and receipt is considered probable. Income tax recoverable in relation to donations under Gift Aid is recognised at the time of the donation. Expenditure Expenditure is recognised on an accrual basis once there is a legal or constructive obligation to make a payment to a third paty. It is probably that settlement will be required and the amount of the obligation can be measured reliably. Charitable expenditure comprises those costs incutred by the charity in the delivery of its activities and services to its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Tangible Fixed Assets Tangible fixed assets are stated at cost. epreciation is provided at the following annual rates in order to write off each asset over its estimates useful life. Fixtures and fittings - 20 % straight line basis. Taxation The charity is exempt from coryoration tax on its charitable activities Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and puryose of each fund is included in the notes to the financial statements. Page 9
HOLSTEIN NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 2. INCOME 31.12.22 31.12.21 Donations Subscriptions Commissions 5,289 4,548 41,905 6,509 64 Income from Investments 113 106 106 3. EXPENDITURE Charitable Activities 31.12.22 31.12.21 Secretarial Public Relations Depreciation of Fixtures & Fittings Accountancy Postage & Stationery Insurance Heat & Light Rent Travelling Telephone Advertising & Promotion Charitable Donations Bank Charges Meetings Show Costs Annual Dinner Events Young Breeders IT & Computer Costs Special Awards 3,820 3,240 334 1,000 2,161 702 636 3,600 3,268 1,127 1,120 3,520 3,500 588 1,240 2,480 200 661 3,750 1,071 1,325 29.860 106 557 186 630 2.774 1,419 173 499 1,017 754 250 1,922 173 Page 10
HOLSTEIN NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NET ll¥COME Net income is stated after charging 31.12.22 31.12.21 Depreciation - owned assets 334 58 5. TANGIBLE FIXED ASSETS Fixtures & Fittings Totals At l January 2022 Additions At 31 December 2022 2,940 2,940 DEPRECIATION At l January 2022 Charge for the Year At 31 December 2022 2,606 334 1,430 588 NET BOOK VALUE At 31 December 2022 At 31 December 2021 334 511 Page 11
HOLSTEIN NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 6. CREDITORS: AMOUNTS EALLING DUE WITHIN ONE YEAR 31.12.22 31.12.21 Accruals 7. MOVEIVIENT IN FUNDS Net movement in funds At 1.1.22 At 31.12.22 Unrestricted funds General Fund TOTAL FUNDS Net movements in fimds, included in the above are as follows: Income Expenditure Movement in funds Unrestricted funds General fund TOTAL FUNDS Page 12
HOLSTEIN NORTHERN IRELAND DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 INCOME 31.12.22 31.12.21 Income from Investments 113 106 Donations Subscriptions Commissions 5,289 4,548 41,905 6,509 Total Income EXPENDITURE Charitable Activities 31.12.22 31.12.21 Secretarial Public Relations Depreciation of Fixtures & Fittings Accountancy Postage & Stationery Insurance Heat & Light Rent Travelling Telephone Advertising & Promotion Charitable Donations Bank Charges Meetings Show Costs Annual Dinner Events Young Breeders IT & Computer Costs Special Awards 3,820 3,240 334 1,000 2,161 702 636 3,600 3,268 1,127 1,120 3,520 3,500 588 1.240 2.480 200 661 3,750 1.071 1,325 29,860 106 557 186 630 2.774 1.419 173 499 1.017 754 250 1,922 173 Net Incomel (Expenditure) for Year Page 13