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REGISTERED COMPANY NUMBER: 02175561 (England and Wales)
REGISTERED CHARITY NUMBER: 1017603



























REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BRITISH ROUGE DE L'OUEST SHEEP SOCIETY

BRITISH ROUGE DE L'OUEST SHEEP SOCIETY






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 10

BRITISH ROUGE DE L'OUEST SHEEP SOCIETY (REGISTERED NUMBER: 02175561)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The Company's objectives and principal activities are, to benefit the public by promoting the breeding of British Rouge sheep and-to maintain the purity of the breed and develop it.

The main area of charitable activity are the maintenance of a flock book of recognised pure-bred sire and the annual registration of the pedigrees of the sheep and to promote the breed with a view to encouraging involvement from members of the farming community and public alike. To encourage young people to continue to ensure the future of the breed and the environment in which it thrives.

The principal funding sources for the charity are members' subscriptions, ewe and ram registration fees, transfer fees and sale commission.

As trustees of the charity, we have complied with the duty in Section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission.

The charity helps and encourages farmers to keep British Rouge sheep by assisting with information, maintaining a flock book, providing marketing support such as demonstrations, Open days, leaflets, website and social media. The charity meets its charitable objectives via its annual shows and sales. The committee is keen to involve young people in the breed.


ACHIEVEMENT AND PERFORMANCE

The Society membership currently stands at around 82 members, who are currently paying full subscription and registering sheep. The numbers have increased over the past few years, along with an increase in Birth Notifications and Registrations.

The committee maintains vigilance of the showing of sheep and the presentation of the breed for both breed type and any activities, which are, consider detrimental to the breed, members or the society. Anyone found to be acting in any way contrary to the benefit of the members and or the breed will be dealt with by the society committee. In the first instance this will be in an advisory way or through our Newsletter. Any member continuing to use unacceptable practises or behaviour will be deal with by the committee in an appropriate way and as they see fit.

The website is kept up to date and members received information via the website, Facebook, newsletters, email and direct mailing throughout in the year keeping them well informed of what is happening.


FINANCIAL REVIEW

The Trustees policy is to review the reserve levels of the charity on an annual basis. This review will encompass the nature of the income and expenditure streams, the need to match income with commitments and the nature of the Charity's reserves. The trustees also take into consideration future plans of the Charity, the uncertainty over some elements of future income streams and other key risk factors identified during the risk review process.

The past year has seen a deficit of income over expenditure of £1,535 (2022: surplus of £675). Any surplus funds are carried forward to be available for the future benefit of the breed.





BRITISH ROUGE DE L'OUEST SHEEP SOCIETY (REGISTERED NUMBER: 02175561)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements 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, including the income and expenditure, of the charity for that period. In preparing those
Financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - 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 proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 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.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02175561 (England and Wales)

Registered Charity number
1017603

Registered office
Quayside House
Highland Terrace
Barrington Street
TIVERTON
Devon
EX16 6PT

Trustees
W J M Hamilton (appointed 10/8/2023)
S J Wright
I E Teasdale
I McConnell
Mrs J Tannahill
Miss V A Hainsworth
J F Harbinson (resigned 20/4/2023)

Company Secretary
A Ryder

Approved by order of the board of trustees on 19 September 2024 and signed on its behalf by:



A Ryder - Secretary

BRITISH ROUGE DE L'OUEST SHEEP SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023

31.12.23 31.12.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM

Other trading activities 2 10,815 12,228
Investment income 3 591 305
Total 11,406 12,533

EXPENDITURE ON
Raising funds 4 12,941 11,858


NET INCOME/(EXPENDITURE) (1,535 ) 675


RECONCILIATION OF FUNDS
Total funds brought forward 41,286 40,611

TOTAL FUNDS CARRIED FORWARD 39,751 41,286

BRITISH ROUGE DE L'OUEST SHEEP SOCIETY (REGISTERED NUMBER: 02175561)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 9 344 459

CURRENT ASSETS
Debtors 10 2,367 2,118
Cash at bank 40,332 39,971
42,699 42,089

CREDITORS
Amounts falling due within one year 11 (3,292 ) (1,262 )

NET CURRENT ASSETS 39,407 40,827

TOTAL ASSETS LESS CURRENT
LIABILITIES

39,751

41,286

NET ASSETS 39,751 41,286
FUNDS 12
Unrestricted funds 39,751 41,286
TOTAL FUNDS 39,751 41,286

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


BRITISH ROUGE DE L'OUEST SHEEP SOCIETY (REGISTERED NUMBER: 02175561)

BALANCE SHEET - continued
31 DECEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 19 September 2024 and were signed on its behalf by:





V A Hainsworth - Trustee

BRITISH ROUGE DE L'OUEST SHEEP SOCIETY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. 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 applicable 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


BRITISH ROUGE DE L'OUEST SHEEP SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. OTHER TRADING ACTIVITIES
31.12.23 31.12.22
£    £   
Subscriptions & Registrations 10,047 11,022
Show & sale receipts - 17
Commissions & society levy 511 860
Member Meetings & Dinner 257 329
10,815 12,228

3. INVESTMENT INCOME
31.12.23 31.12.22
£    £   
Deposit account interest 591 305

4. RAISING FUNDS

Raising donations and legacies
31.12.23 31.12.22
£    £   
Shows and promotions 1,528 450
Meeting & dinner expenses 293 343
Support costs 11,120 11,065
12,941 11,858

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.23 31.12.22
£    £   
Depreciation - owned assets 115 115

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees are eligible to reclaim reasonable expenses, including travel and subsistence, secretarial and office costs.


BRITISH ROUGE DE L'OUEST SHEEP SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.12.23 31.12.22
Administration - 1

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM

Other trading activities 12,228
Investment income 305
Total 12,533

EXPENDITURE ON
Raising funds 11,858


NET INCOME 675


RECONCILIATION OF FUNDS
Total funds brought forward 40,611

TOTAL FUNDS CARRIED FORWARD 41,286

9. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 and
31 December 2023

6,040

1,236

2,045

9,321

DEPRECIATION
At 1 January 2023 6,040 777 2,045 8,862
Charge for year - 115 - 115
At 31 December 2023 6,040 892 2,045 8,977
NET BOOK VALUE
At 31 December 2023 - 344 - 344
At 31 December 2022 - 459 - 459

BRITISH ROUGE DE L'OUEST SHEEP SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,130 2,118
VAT 252 -
Prepayments 985 -
2,367 2,118

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,803 374
VAT - 288
Accrued expenses 1,489 600
3,292 1,262

12. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 41,286 (1,535 ) 39,751

TOTAL FUNDS 41,286 (1,535 ) 39,751

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 11,406 (12,941 ) (1,535 )

TOTAL FUNDS 11,406 (12,941 ) (1,535 )


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 40,611 675 41,286

TOTAL FUNDS 40,611 675 41,286

BRITISH ROUGE DE L'OUEST SHEEP SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

12. 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 12,533 (11,858 ) 675

TOTAL FUNDS 12,533 (11,858 ) 675

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 40,611 (860 ) 39,751

TOTAL FUNDS 40,611 (860 ) 39,751

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 23,939 (24,799 ) (860 )

TOTAL FUNDS 23,939 (24,799 ) (860 )

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.