NATIONAL SHEEP ASSOCIATION
Financial health, per its FY2023 accounts
The accounts state that total closing reserves increased by 5.5% to £2,103,357, supported by a strong operating contribution and increased investment values. The Trustees confirm that the association has neither the intention nor the need to cease its work, citing stable membership subscriptions and diversified income streams as key factors in maintaining financial viability.
What the accounts disclose
“While reserves have tracked above this in past years, more money has been invested in 2023 rather than held as free reserves”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Peter James Delbridgechair
- Caryl Mair Hughes
- DAVID WILLIAM GREGORY
- Dr Yann Louis Pierre Le Du
- Jack Clement Cuthbert
- James Eliot Bickerton
- James Seymour Raine
- John Paul Wozencraft
- Michael John Credland
- Pamela May Nicol
- Peter Derwent Derryman
- Richard Charles Savory
- TIMOTHY ANDREW WARD
- William Edward Adamson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.3m |
| 31/12/2023 | £1.4m | £1.3m |
| 31/12/2022 | £1.4m | £1.2m |
| 31/12/2021 | £828k | £839k |
| 31/12/2020 | £664k | £735k |
Common questions
Is NATIONAL SHEEP ASSOCIATION financially healthy?
The accounts state that total closing reserves increased by 5.5% to £2,103,357, supported by a strong operating contribution and increased investment values. The Trustees confirm that the association has neither the intention nor the need to cease its work, citing stable membership subscriptions and diversified income streams as key factors in maintaining financial viability. Its FY2023 accounts were audited by Bishop Fleming LLP.