REGISTERED CHARITY NUMBER: SC010740
SCOTTISH AND NORTHERN CHAROLAIS CLUB
UNAUDITED
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
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SCOTTISH AND NORTHERN CHAROLAIS CLUB CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
CONTENTS
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| Reference and administrative details of the Company, its Trustees and Advisers | 1 |
| Trustees’ report | 2-3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7-10 |
| DetailedStatementofFinancialActivities | 11 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025
Charity registered number — SC010740
Principal office
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a Secretary
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Bankers
The Royal Bank of Scotland 133 King Street Castle Douglas DG7 1NB
Accountants EQ Accountants Limited Westby 64 West High Street Forfar Angus DD8 1B)
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SCOTTISH AND NORTHERN CHAROLAIS CLUB
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2025
The Trustees present their annual report together with the financial statements of the Scottish and Northern Charolais Club for the 1 July 2024 to 30 June 2025.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the Association are to;
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promote the Charolais Breed of cattle within Scotland and the Northern English counties of Northumberland, Durham, Cumberland, Westmorland and the North Riding of Yorkshire and elsewhere,
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and to co-operate with others and in particular the British Charolais Cattle Society Limited to this end to encourage, promote and improve the Breeding of Charolais Cattle within the area and elsewhere
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to make the merits of Charolais Cattle more widely known
to ensure the high quality of the Charolais breed within the area is maintained and to ensure only cattle of high quality are presented at the company’s principal annual sale.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has been very active over the past year and has been involved in a number of activities including the Royal Highland Show, Scotsheep and a suckler herd competition,
FINANCIAL REVIEW
Reserves policy
As a result of the deficit of £1,308 for the year, the charity’s reserves stand at £9,789, No restricted reserves are held. This level of reserves would allow the Association to meet its expenditure in the short term if there was a Joss of existing funding sources and allow time to identify new funding sources,
FUTURE PLANS
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The charity looks to continue the various events that it has been involved in over the last few years. There may also be other events which the charity will get involved in in order to promote the Charolais breed.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered in its current legal form on 17 October 2018. The charity was previously an incorporated association but changed its legal form to a SCIO. The assets of the incorporated association were transferred to the SCIO on 17 October 2018. It has a single tier structure and as such the trustees are the members of the charity.
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IS CLUB
OTTISH NORTHE
TRUSTEES’ REPORT
Organisational structure The chairman has overall responsibility for the activities of the Association. All the other trustees report to him. If events are being arranged, the trustees involved with these events discuss all matters with the chairman. The Company secretary is responsible for the day-to-day operations of the Association, and attends to all administrative matters.
Recruitment and appointment of the new trustees Potential new trustees are identified by the chairman, who meets with them prior to their nomination.
New trustees are appointed at the Annual General Meeting when they are formally proposed and seconded. Induction and training of the new trustees New trustees when appointed will already be known to the existing trustees and will have an existing knowledge of the activities of the Association.
The chairman will meet with new trustees and provide them with information on the Association and their responsibilities as trustees,
Statement of Committee Members’ responsibilities 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).
The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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- observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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 and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the Trust deed. 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. Approved by order of the board of trustees on Efe (2025... and signed on its behalf by
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SCOTTISH AND NORTHERN CHAROLAIS CLUB
I report on the accounts for the year ended 30 June 2025 set out on pages five to ten.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation of the financal statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 (‘the Act’) and the Charities Accounts (Scotland) Regulation 2006 (‘the Accounts Regulations’). The trustees consider that the audit requirement of regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts,
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Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and to prepare financial statements which accord with the accounting records. Accounting and Reporting by the Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with 8 of the Accounts Regulations.
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
This report is made solely to the charity's Trustees, as a body, in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006. My work has been undertaken so that I might state to the charity's Trustees those matters | am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Dated: 30 September 2025
ccountants Limite Westby 64 West High Street Forfar Angus DD8 1B)
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SCOTTISH AND NOTHERN CHAROLAIS CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| Notes | funds | funds | |
| £ | £ | ||
| INCOME AND ENDOWMENTS FROM | |||
| Other trading activities | 2 | 6,794 | 4,769 |
| Total | 6,794 | 4,769 | |
| EXPENDITURE ON | |||
| Charitable activities General |
8,101 | 5,271 | |
| NET INCOME/ (EXPENDITURE) | (1,308) | (502) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 11,096 | 11,598 | |
| TOTALFUNDSCARRIEDFORWARD | 9,789 | 11,096 |
The Statement of financial activities includes all gains and losses recognised in the year
The notes form part of these financial statements Page 5
SCOTTISH AND NOTHERN CHAROLAIS CLUB
BALANCE SHEET 30 JUNE 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 740 | 1,627 | |
| Cash at bank | 5 | 9,049 | 9,469 |
| 9,789 | —-11,096 | ||
| CREDITORS | |||
| Amounts falling due within one year | 6 | - | - |
| NET CURRENT ASSETS | 9,789 | 11,096 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 9,789 | 11,096 | |
| NET ASSETS | 9,789 | 11,096 | |
| FUNDS | 7 | ||
| Unrestricted funds | 9,789 | 11,096 | |
| TOTALFUNDS | 9,789 | 11,096 |
The financial statements were approved and authorised for issue by the Trustees on (Ble fee25and signed on their behalf by:
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SCOTTISH NORTHERN CHAROLAIS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
GENERAL INFORMATION Scottish Northern Charolais Club is a SCIO registered in Scotland with the Charity Number S5C010740. The principal office of the SCIO is Bencraig, 5 Victoria Terrace, Aberlour, Morayshire AB38 9PW.
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TAXATION The charity is exempt from corporation 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.
FINANCIAL INSTRUMENTS
Cash Cash and cash equivalents comprise cash on hand and call deposits, and other short term high liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to change of value.
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SCOTTISH NORTHERN CHAROLAIS CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
Borrowing
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as charge to the statement of financial activities over the period of the relevant borrowing.
Provisions and contingencies
Provisions are recognised when they organisation has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.
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Cc Is RTHERN CHAROLAIS CLU NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
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|4.|OTHER TRADING|ACTIVITIES|2025|2024|
|£|£|
|Sponsorships|1,632|2,567|
|Reimbursement|for|fundraising|events|5,162|2,202|
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2. TRUSTEES’ REMUNERATION AND BENEFITS
There are no trustees’ remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
One trustee received £500 (2024: £500) remuneration for the role of secretary.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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|Unrestricted|
|funds|
|£|
|INCOME|FROM|
|Other|trading|activities|4,769|
|EXPENDITURE|ON|
|Charitable|activities|
|General|5,271|
|NET INCOME|(EXPENDITURE)|(502)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|11,598|
|TOTAL FUNDS|CARRIED|FORWARD|11,096|
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SCOTTISH NORTHERN CHAROLAIS CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
4. MOVEMENT IN FUNDS
| 4. | MOVEMENT IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| Movement | ||||
| At 1.7.24 | In funds | At 30.6.25 | ||
| £ | £ | £ | ||
| Unrestricted funds General fund |
11,096 | (1,308) | 9,789 | |
| TOTAL FUNDS | 11,096 | (1,308) | 9,789 | |
| Net movement in funds, included in the above are | as follows: | |||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds General funds |
6,794 | (8,101) | (1,308) | |
| TOTAL FUNDS | 6,794 | (8,101) | (1,308) | |
| Comparatives formovement in funds | Net | |||
| movement | ||||
| At 1.7.23 | in funds | At 30.6.24 | ||
| £ | £ | £ | ||
| Unrestricted funds General fund |
11,598 | (502) | 11,096 | |
| TOTAL FUNDS | 11,598 | (502) | 11,096 | |
| 7. | MOVEMENT IN FUNDS - continued | |||
| Comparative net movement in funds, included in | the above are as | follows: | ||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds General fund |
4,769 | (5,271) | (502) | |
| TOTAL FUNDS | 4,769 | (5,271) | (502) | |
| 8. | RELATEDPARTYDISCLOSURES |
No trustees gifted any cash to the charity
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SCOTTISH NORTHERN CHAROLAIS CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities Sponsorships Reimbursement for fundraising events |
1,632 5,162 |
2,567 2,202 |
| Total incoming resources | 6,794 | 1,779 |
| EXPENDITURE | ||
| Charitable activities Purchases- fundraising events Sponsorship costs Secretary fees |
6,813 770 500 |
4,759 - 500 |
| 8,003 | 5,259 | |
| Support costs | ||
| Finance Bank charges |
19 | 12 |
| Total resources expended | 8,101 | 5,271 |
| Netincome/(expenditure) | (1,308) | (502) |
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