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REGISTERED COMPANY NUMBER: 01892440 (England and Wales)
REGISTERED CHARITY NUMBER: 1115115














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Salers Cattle Society of the UK Limited
(A Company Limited by Guarantee)

Salers Cattle Society of the UK Limited






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 16

Salers Cattle Society of the UK Limited (Registered number: 01892440)

Report of the Trustees
for the Year Ended 31 December 2024


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 2024. 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
Objectives and aims
Our Mission
The Salers Cattle Society of the UK exists to promote and develop the Salers breed within British agriculture. As a registered charity, our core aim is to advance livestock breeding through the responsible management, promotion, and genetic improvement of Salers cattle, while preserving the integrity and purity of the breed.

What We Do
At the heart of our work is the compilation, maintenance, and publication of the official Salers Herd Book, along with supplementary registers for cattle recognised as meeting the Society's breeding standards. This ensures accurate record-keeping and underpins confidence in the pedigree and performance of Salers cattle across the UK.

Supporting Farmers and Herd Health
We are committed to educating and supporting cattle farmers in the development of healthy, productive herds. The Society actively encourages participation in CHeCS-accredited herd health schemes and provides guidance on best practice in breeding, health, and welfare.

Promoting the Breed
We represent the Salers breed at key agricultural shows, exhibitions, and events throughout the year. These platforms are vital for raising awareness, connecting with new audiences, and encouraging the next generation to engage with livestock farming.

Society Sales and Community
Our pedigree sales are a cornerstone of the Society's calendar. These events not only offer opportunities to benchmark breeding stock and understand market trends, but also serve as an important social occasion. In an increasingly isolated profession, Society sales bring farmers together to share knowledge, reconnect, and build resilience within the agricultural community.

Public benefit
The charity is a public benefit entity.

ACHIEVEMENTS AND PERFORMANCE
The Charity has continued to advance its core purpose of promoting the Salers breed of cattle through a range of educational, breeding, and outreach activities. In planning its work over the financial year, the Members' Council has given due regard to the Charity Commission's guidance on public benefit.

A key element of the Society's work is the promotion of the Salers breed to the wider farming community. This includes participation in agricultural shows, events, and exhibitions throughout the UK. Originally established to encourage best practice in livestock breeding and crop production, today's shows retain these traditions while evolving into important forums for public engagement, education, and celebration of the rural economy.

Through our presence at these shows, the Society raises awareness of the Salers breed and its value to UK beef production, while also supporting farmer education and public understanding of responsible, sustainable livestock farming. Increasing consumer interest in food provenance, animal welfare, and rural issues has created new opportunities for engagement with urban audiences. Agricultural shows now serve not only as technical and commercial platforms, but also as cultural events that showcase the depth and diversity of rural life-from pedigree livestock and native breeds, to renewable energy, artisan crafts, horticulture, and heritage machinery.

The Society is committed to fostering greater understanding of British agriculture and highlighting the contribution of the Salers breed to a productive and resilient beef sector.


Salers Cattle Society of the UK Limited (Registered number: 01892440)

Report of the Trustees
for the Year Ended 31 December 2024

FINANCIAL REVIEW
The Council of the Society prepares an annual financial budget for the coming year each January, and the performance against this is reviewed at Council meetings (held approximately quarterly). The final financial results are circulated to all members present by post. The Treasurer's report is presented at the Annual General Meeting for discussion by members present
.
The Council has reviewed the potential risks for which the Society may be liable. The principal cover against these is provided by an insurance policy with Zurich Insurance Company Limited Policy Number: FR/10001980/25, the terms of which are reviewed annually by the Council.

To provide for the continuity of activity in the event of reduced income from members, the Council has established a policy of maintaining a reserve of £25,000 and the annual budget specifically sets out to preserve this.

The Society had a deficit for the year of £8,761 (2023 Deficit - £15,994)

The Society had reserves at the year-end of £76,300 (2023 - £83,771)

FUTURE PLANS
Building on the momentum of the past year, the Salers Cattle Society is committed to further advancing the breed and supporting the wider agricultural community through targeted development in the following areas:

1. Expanding Breed Promotion and Public Engagement
We will continue to strengthen the Society's presence at key agricultural shows and events across the UK, ensuring the Salers breed is well-represented and accessible to both farming and non-farming audiences. Emphasis will be placed on engaging the next generation of farmers, consumers, and rural advocates by offering interactive, educational content about the Salers breed and its role in sustainable beef production.

2. Enhancing Farmer Support and Breed Improvement
A core focus will be the expansion of breed education initiatives, including workshops, breed evaluations, herd health planning, and support for those participating in CHeCS-accredited herd health schemes.

3. Developing Digital Communications and Marketing
To improve accessibility and outreach, we plan to refresh our digital platforms, and social media presence. This will support both existing members and potential new entrants by providing up-to-date breed resources, market insights, and event information, while also enhancing the public profile of Salers cattle.

4. Supporting Youth and Succession in Agriculture
We will explore opportunities to partner with agricultural colleges, young farmer groups, and rural youth initiatives to encourage involvement with the Salers breed. Providing bursaries, work experience placements, or educational materials will be considered as part of our long-term support for industry succession.

5. Strengthening Society Sales and Breed Benchmarking
The Society will continue to develop its pedigree sales as key commercial and social events, aiming to increase entry numbers, promote breed standards, and provide benchmarking opportunities for breeders. These sales play a vital role in the economic sustainability and community cohesion of the UK Salers network.

Through these future activities, the Society will remain focused on securing the long-term success of the breed, while contributing to the vitality and visibility of British agriculture more broadly.


Salers Cattle Society of the UK Limited (Registered number: 01892440)

Report of the Trustees
for the Year Ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is a charitable company limited by guarantee, and was set up on the 19th June 1985 and was granted charitable status on 5th July 2006. It is governed by a memorandum and articles of association.

The Salers Cattle Society is governed by a voluntary Council comprising representatives, elected by the members within the regions and also members co-opted by the Council. The Council members filling the four executive positions of President, Chair, Vice Chair and Treasurer are de-facto trustees and directors of the Society, with additional trustee/directors appointed by the council.

The members of the Members of the Council, who are also the directors for the purposes of company law, and who served during the year were:

Mr M D F Pye
Mr A J Howatson
Mr T W Walling
Mr A A Sleigh
Mr G A Jones

None of the members of the Members of the Council has any beneficial interest in the company. All of the members of the Members of the Council are members of the company and guarantee to contribute £1 in the event of winding up.

The Members of the Charity are recruited based on the qualities they display and their relevant experience.

The Council meets quarterly including the AGM. Being aware of their responsibilities they are in regular consultation with the secretary, Miss Emily Simpson, to review financial matters and to oversee the general administration of the charity. A direct line of communication is kept open to the administration office to ensure the efficient running of the charity.

The Members of the Council have assessed the major risks to which the society is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01892440 (England and Wales)

Registered Charity number
1115115

Registered office
Lane Farm
Crooklands
Milnthorpe
LA7 7NH

Trustees
Mrs K M Livesey Treasurer (appointed 7.5.25)
A Howatson Treasurer (resigned 7.5.25)
T W Walling Vice Chairman
T J D Pye
A A Sleigh President
G A Jones Chairman (resigned 1.11.24)
M D F Pye Chairman


Salers Cattle Society of the UK Limited (Registered number: 01892440)

Report of the Trustees
for the Year Ended 31 December 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Sheila Robertson
Gall Robertson CA
Tweedside Park
Tweedbank
Galashiels
Selkirkshire
TD1 3TE

Approved by order of the board of trustees on 26 August 2025 and signed on its behalf by:





M D F Pye - Trustee

Independent Examiner's Report to the Trustees of
Salers Cattle Society of the UK Limited

Independent examiner's report to the trustees of Salers Cattle Society of the UK Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Sheila Robertson

Gall Robertson CA
Tweedside Park
Tweedbank
Galashiels
Selkirkshire
TD1 3TE

26 August 2025

Salers Cattle Society of the UK Limited

Statement of Financial Activities
for the Year Ended 31 December 2024

31.12.24 31.12.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 14,594 15,986

Charitable activities
Breed promotion 60,564 63,101

Other trading activities 2 6,425 7,050
Investment income 3 1,289 1,237
Total 82,872 87,374

EXPENDITURE ON
Raising funds 4 6,415 10,919

Charitable activities
Fundraising trading costs 911 -
Office and support costs 9,006 44,372
Breed promotion 75,300 48,077
Total 91,632 103,368

Net gains on investments 1,289 1,681

NET INCOME/(EXPENDITURE) (7,471 ) (14,313 )


RECONCILIATION OF FUNDS
Total funds brought forward 83,771 98,084

TOTAL FUNDS CARRIED FORWARD 76,300 83,771

Salers Cattle Society of the UK Limited (Registered number: 01892440)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 9 322 786
Investments 10 34,562 32,650
34,884 33,436

CURRENT ASSETS
Stocks 11 405 -
Debtors 12 22,083 16,290
Prepayments and accrued income 516 491
Cash at bank and in hand 27,241 38,485
50,245 55,266

CREDITORS
Amounts falling due within one year 13 (7,544 ) (3,043 )

NET CURRENT ASSETS 42,701 52,223

TOTAL ASSETS LESS CURRENT
LIABILITIES

77,585

85,659

ACCRUALS AND DEFERRED INCOME 15 (1,285 ) (1,888 )

NET ASSETS 76,300 83,771
FUNDS 16
Unrestricted funds 76,300 83,771
TOTAL FUNDS 76,300 83,771

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.


Salers Cattle Society of the UK Limited (Registered number: 01892440)

Balance Sheet - continued
31 December 2024

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 26 August 2025 and were signed on its behalf by:





M D F Pye - Trustee

Salers Cattle Society of the UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The accounts are prepared on a going concern basis. There are no material uncertainties about the charity's ability to continue.

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 - 25% on cost
Computer equipment - 20% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.


Salers Cattle Society of the UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

If applicable, further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

2. OTHER TRADING ACTIVITIES
31.12.24 31.12.23
£    £   
DNA test kits 6,425 7,025
Merchandise sales - 25
6,425 7,050

3. INVESTMENT INCOME
31.12.24 31.12.23
£    £   
Investment income 777 660
Interest receivable - trading 512 577
1,289 1,237


Salers Cattle Society of the UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. RAISING FUNDS

Raising donations and legacies
31.12.24 31.12.23
£    £   
Support costs 1 -


Investment management costs
31.12.24 31.12.23
£    £   
Portfolio management 155 136

Aggregate amounts 6,415 10,919

5. NET INCOME/(EXPENDITURE)

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

31.12.24 31.12.23
£    £   
Depreciation - owned assets 464 778

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.


7. STAFF COSTS

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

31.12.24 31.12.23
Staff 1 1

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


Salers Cattle Society of the UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. INDEPENDENT EXAMINATION

The Charity's fee paid to Gall Robertson CA for the Independent Examination of the accounts was £1,242 (2023 - £1,190). Company secretarial and payroll services were also provided.

9. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2024 and 31 December 2024 2,735 633 3,368
DEPRECIATION
At 1 January 2024 2,149 433 2,582
Charge for year 338 126 464
At 31 December 2024 2,487 559 3,046
NET BOOK VALUE
At 31 December 2024 248 74 322
At 31 December 2023 586 200 786

10. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 January 2024 32,650
Additions 623
Revaluations 1,289
At 31 December 2024 34,562
NET BOOK VALUE
At 31 December 2024 34,562
At 31 December 2023 32,650

There were no investment assets outside the UK.

Salers Cattle Society of the UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Listed
investments
£   
Valuation in 2017 516
Valuation in 2018 (1,635 )
Valuation in 2019 3,042
Valuation in 2020 (615 )
Valuation in 2021 2,516
Valuation in 2022 (3,280 )
Valuation in 2023 2,213
Valuation in 2024 1,912
Cost 29,893
34,562

All investments are initially recorded at cost and revalued to market value with gains and losses recognised in the statement of financial activities.

11. STOCKS
31.12.24 31.12.23
£    £   
Stocks 405 -

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 19,647 16,290

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 14) 53 -
Payments on account 866 1,102
Trade creditors 162 301
Social security and other taxes 334 -
VAT 6,129 1,640
7,544 3,043


Salers Cattle Society of the UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

14. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year on demand:
Bank overdrafts 53 -

15. ACCRUALS AND DEFERRED INCOME
31.12.24 31.12.23
£    £   
Accruals and deferred income 1,285 1,888

16. MOVEMENT IN FUNDS
Net
movement At
At 1.1.24 in funds 31.12.24
£    £    £   
Unrestricted funds
General fund 83,771 (7,471 ) 76,300

TOTAL FUNDS 83,771 (7,471 ) 76,300

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 82,872 (91,632 ) 1,289 (7,471 )

TOTAL FUNDS 82,872 (91,632 ) 1,289 (7,471 )


Comparatives for movement in funds

Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 98,084 (14,313 ) 83,771

TOTAL FUNDS 98,084 (14,313 ) 83,771

Salers Cattle Society of the UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 87,374 (103,368 ) 1,681 (14,313 )

TOTAL FUNDS 87,374 (103,368 ) 1,681 (14,313 )

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

Net
movement At
At 1.1.23 in funds 31.12.24
£    £    £   
Unrestricted funds
General fund 98,084 (21,784 ) 76,300

TOTAL FUNDS 98,084 (21,784 ) 76,300

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 170,246 (195,000 ) 2,970 (21,784 )

TOTAL FUNDS 170,246 (195,000 ) 2,970 (21,784 )

17. EMPLOYEE BENEFIT OBLIGATIONS

During the year £592.80 (2023 - £771.78) of employers pension contributions were paid.

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.


Salers Cattle Society of the UK Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

19. ULTIMATE CONTROLLING PARTY

The Charity is controlled by its members.

20. PUBLIC BENEFIT

The charity is a public benefit entity.

21. GOING CONCERN

The trustees know of no material uncertainties relating to the charity's ability to continue as a going concern.