SOUTHDOWN SHEEP SOCIETY
sheep breed society whose objects are the breeding of Southdown sheep and the maintenance of the purity of the breed
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased from £68,877 to £65,536 due to a net expenditure of £3,341 against total income of £31,101. The trustees report that sufficient unrestricted resources are held, noting that free reserves of £65,426 equate to approximately twenty-four months of unrestricted expenditure, which meets their established policy target. The charity remains in a position of adequate resources with no material uncertainties identified regarding its going concern status.
What the accounts disclose
“The Council has established a policy to maintain unrestricted fund which are free reserves of the charity at a level which equates to approximately twenty four months unrestricted expenditure.” — page 4
“Accountancy fees of £1,200 (2023 - £1,200) have been paid to Waveney Accountants Limited of which one of our council members is a director. The fees charged are at or below previous accountancy costs.” — page 13
Trustees
- Caroline Ann Brown
- Christine Mary Rhead
- Dr Christopher Thomas Watton
- Dr Timothy Morris
- James Joseph Walwyn Trumper
- LINDSAY CHARLES DANE
- Leslie Robert Newman
- Lorna Mary Pheasant
- Michael Sprake
- Miriam Jane Parker
- NEIL STAINTHORPE
- Patrick Everard Goldsworthy
- Sarah Mitchell
- Stephen Humphrey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £29k | £30k |
| 31/12/2024 | £31k | £34k |
| 31/12/2023 | £38k | £28k |
| 31/12/2022 | £38k | £28k |
| 31/12/2021 | £31k | £46k |
Common questions
Is SOUTHDOWN SHEEP SOCIETY financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds decreased from £68,877 to £65,536 due to a net expenditure of £3,341 against total income of £31,101. The trustees report that sufficient unrestricted resources are held, noting that free reserves of £65,426 equate to approximately twenty-four months of unrestricted expenditure, which meets their established policy target. The charity remains in a position of adequate resources with no material uncertainties identified regarding its going concern status. Its FY2024 accounts were independently examined.