BCCS September Newsletter 2022

The Chairman said we are taking legal advice at present, and we have done so in every step of the process.
Hope everyone appreciates that we are unable to comment on this matter at present.
Murray Lyle said he appreciates the letter, and that an explanation will be coming out in due course.
The Chairman said an explanation will be given out in due course, but at we cannot say much at present and
once we can, you will all know.
Adoption of the report was proposed by Mr Ben Harman and seconded by Mr Arwel Owen
5. To receive and consider, and if approved, adopt the Annual Statement of Accounts and Balance Sheet for
the 2021 year and the Auditor’s Report thereon, presented by the Honorary Treasurer
The Chairman invited the Treasurer to present the 2021 accounts.
The Treasurer went through his report:
The 2021 financials were in many ways a repeat of the previous year with stock market again having a good year
and the pandemic resulting in considerable savings in the day to day running of the society. The Balance sheet
shows an increase of just over £400,000. The surplus on the day-to-day activities for the society was a little over
£81,000. During the year nothing was drawn down from the investment portfolio and a £100,000 was given to the
investment fund managers to invest. The budget for 2022 was drawn up in the hope that the profile of Charolais
cattle can be raised to the benefits of members. The surplus of 2020 and 2021 will not be seen again if we are
able to return to anything that resembles normal.
My very sincere thanks must go to Rusmi and the team in the office, and I would like to also take the liberty to
thank my wife and family, over recent years the amount of time I have spent on Charolais matters has increased
quite considerably, which would not have been possible with support from those at home.
At the year end the BCCS funds stood at little under £3,500,000, total income decreased by 1% to £666,000,
the dividend income from the investment portfolio increased 7% to £69,000. The rent received from the society
decreased to a little over £46,000. Registration income decreased to £196,000 and membership income
decreased to £61,000. Total expenditure increased for the year to £585,000. The detailed statement of the
financial activities for the society showed a surplus of £81,000 compared to £92,000 in the previous year, this
concludes the report.
The Treasurer asked for questions,
Iain Millar raised that in the accounts there appears to be a surplus of £100,000 for the DNA work surely, we are
not making a profit.
The Treasurer stated that the deal we have with Weatherbys is that there is no invoice forthcoming or a reduced
invoice for work which is delayed by a significant amount of time.
Iain Millar raised surely that should be passed back to the member.
The Treasurer said the way we view it at present is because we have had to chase Weatherby’s to get that work
done, this has increased the cost to the society by increasing the work in the office, phone calls, email etc. But
if you would like for a council member to raise this it can be raised for discussion at a council meeting then I am
happy for that to happen. Iain said he didn’t think the DNA testing should be making a profit. The Treasurer said it
is not designed to make a profit, but if they are late which they often are, then there is increased work in the office
and increases our cost in getting the work done so we write it off that way, but it is a topic that can be discussed if
a council member wishes to raise it.
Richard Hassel asked another question regarding alternatives to Weatherbys.
The Chairman explained what the society had done to date and has been working to rebuild the relationship with
Weatherbys in order to improve the servive and therefore is not presently looking for alternatives.
Adoption of the report was proposed by Mr Will Owen and seconded by Mr Robert McWilliams
6. Election of members to the Council of Management
The acting company secretary Graham Robinson reported:
As Messrs N Blyth (Northern England) and B Harman (National) had served two terms of three years on
Council, they were not eligible for re-election.
Nominations for these vacancies were received from Mr M V Atkinson (Northern England) and J Paynter
(National) which were unopposed.
- No bull works harder for the farmer, the plate and the planet - 105
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