National Dairy Council Annual Report 2020 by The National Dairy Council

Annual Report 2020

The National Dairy Council protects and promotes the image, quality, taste and nutritional credentials of Irish dairy. It promotes the benefits of the dairy portfolio to the consumer as part of a balanced, healthy lifestyle while also safeguarding the reputation of Ireland’s dairy producers and processors. You can find out more about the work of the National Dairy Council at www.ndc.ie

CONTENTS Chairman’s Statement 2 CEO’s Statement 5 A Taste of 2020 8 NDC Reports and Financial Statements for the Financial Year Ended 31 December 2020

Chairman’s Statement

Eamonn Carroll Chairman

2020 was a year of true uncertainty and an extremely challenging year for all industries due to the global pandemic and the dairy industry was no different. Our dairy sector and our member co-operatives showed great resilience in navigating the huge challenges of 2020. Global performance Despite this, Ireland’s dairy sector again exceeded other food sectors as a pillar of Irish food and drink exports. Irish dairy exports exceeded €5bn for the second consecutive year in 2020 securing its place as Ireland’s largest export food category. Further expansion of the Irish milk pool is forecast in 2021 combined with growing demand for dairy in global markets. Sustainability considerations are evolving and changing dietary habits are impacting the future of food. Irish food and drink exports for 2020 were worth €13bn, a 2% decline on the 2019 figure. This slight decline comes in the context of the largest disruption to normal market operation globally since the end of World War II. Dairy markets proved resilient throughout the pandemic, aided by buoyant cheese and butter retail sales and strong demand for milk powders. Outstanding retail sales helped to offset the decline in foodservice with demand stronger overall. Global milk supply increased by 1.7%, which saw stable European farm-gate prices. Irish milk price saw a marginal increase above 30 cent per litre. Looking to 2021, global milk output is likely to continue growing, which will increase the supply of product to global markets, particularly from the US. Volatility in global markets is likely to be a feature of 2021 as regional lockdowns dictate demand. Purchasing power in key economies will also be a factor as we prepare for the economic impact of the removal of Government stimulus programmes in key markets, particularly in the US. Globally, higher feed costs and environmental considerations will impact supply.

Dairy markets proved resilient throughout the pandemic, aided by buoyant cheese and butter retail sales and strong demand for milk powders. Dairy business with the UK was sustained throughout 2020, despite Brexit trade negotiations injecting uncertainty into trade with our largest trading partner. In late December a Trade and Cooperation Agreement was struck between the EU27 and the UK removing the risk of immediate imposition of tariffs and quotas in 2021. Decline in demand because of Covid-19 restrictions and job losses drive the 5% decline in the value of exports to the UK while exporters made contingency plans for a no-deal Brexit. This included extensive participation in customs readiness schemes developed and delivered by Bord Bia alongside entire supply chain assessments and customer engagement in the UK.

2 The National Dairy Council | Annual Report 2020

Sustainability Together with every other sector of Ireland’s economy and society, dairy farmers like myself and producers have an important role to play in helping Ireland meet the very ambitious emissions targets set by the Government. Ireland’s 18,000 dairy farmers are responding to the climate challenge, taking actions large and small to reduce their carbon footprint, improve their sustainability and protect the biodiversity on-farm whilst also delivering nutritious food for Irish and international markets and ensuring ongoing economic viability for family farms. There are also many exciting developments beyond the grass and soil that dairy farmers are embracing, including a focus on the Economic Breeding Index (EBI) of their herd to make it as efficient as possible, as well as the roll-out of solar panels and energy efficient systems on-farm. Irish dairy farmers are also continuing to play a central role in protecting and improving our precious rural biodiversity, planting native hedgerows and trees, offering pollinator patches for bees and wasps, and by protecting watercourses via the ASSAP scheme. While it is heartening to see the work being undertaken by dairy farmers across the country, there is more to be done. The next step is to mainstream all these actions – which taken together can have a really significant impact on farm emissions – onto every dairy farm across the country. Up and down the country, experts from the Department of Agriculture, Food & the Marine, Teagasc, co-operatives, and industry associations are standing ready to assist famers to implement these proven actions on their farms. And, as always, we are seeing farmers talking to and teaching other farmers on sustainable methods – something which even has continued throughout the Covid-19 pandemic with the use of technology, even as many other industries have been halted.

Ireland’s 18,000 dairy farmers are responding to the climate challenge, taking actions large and small to reduce their carbon footprint, improve their sustainability and protect the biodiversity on-farm... NDC work programme I would like to acknowledge and thank our members for their continued support, which ensures the longterm success of NDC dairy marketing campaigns and initiatives. It is essential that the NDC takes a leadership role in promoting the overall benefits of dairy in our diet as well as continuing to promote and protect the reputation of the dairy industry which is more important than ever before as we face increased international competition and global challenges. The National Dairy Council remains fully committed to delivering value and playing an important part in helping the Irish dairy sector to unlock its full potential. On behalf of the Board, I would like to thank our CEO, Zoë Kavanagh and her Executive Team for their dedication and commitment to the work of the NDC during the extreme challenges posed by the global pandemic in 2020, they delivered an excellent work programme on behalf of the sector.

Eamonn Carroll Chairman

The National Dairy Council | Annual Report 2020

4 The National Dairy Council | Annual Report 2020

CEO Statement

Zoë Kavanagh Chief Executive

Delivering value to our members

Challenging times

In 2020 we worked through the fourth year of the current strategy. We recognise our obligation to deliver excellent value and service to the thousands of farming families who fund us. We are ambitious in our pursuit of securing stronger regard for all that Irish Dairy has to offer – producer excellence and a highly nutritious portfolio of products.

The Covid-19 global pandemic changed the ways of work for most business and the NDC was no different. The agility of the executive team and its broader network was a significant strength which really benefited the Dairy sector.

The NDC undertook a complete review of its Constitution dated 1993 but linking back to 1964 when the NDC was incorporated. The primary objective was to achieve an outcome where the NDC governance is both fit for purpose while ensuring the membership is fairly represented on the Board. The long-term success depends on a strong membership represented by a balanced, inclusive and supported group of Board Directors. There has been a radical shift in how agriculture is viewed in the context of climate change. Irish Dairy’s benefits have been overlooked and underplayed repeatedly. There is an urgent need to re-stage the truths of Irish Dairy at both consumer and policy level in order to achieve “permission to produce” alongside “permission to consume”. Having dairy regarded as a vital component of a sustainable food system is a critical strategic outcome.

Roles and responsibilities come under the microscope when a sector hits a crisis and it is very clear that while organizations work hard to support the supply chain, the NDC focus is always on the consumer. The dairy sector as a whole demonstrated its resilience as we all confronted the pandemic disruption. From an NDC perspective the reputation of the dairy sector alongside supporting its relevant consumption while consumers have been home-based has been our priority. The NDC worked nimbly to re-purpose our core activities to fit with the new crisis – our Schools Programme was revisited for a Home-Schooling audience and we delivered our regional co-op-led Health & Wellbeing evenings as a print series with the Irish Farmers Journal. We were also delighted to commission a new book dedicated to the subject of Milk written by celebrated food writers John and Sally McKenna. The book tells the story of Milk from its early beginnings to the basis of so many products and recipes and was distributed to book shops across Ireland.

Love Irish Dairy 2020 started with a nationwide advertising campaign with outdoor billboards for the NDC “Love Irish Dairy” campaign. Over one hundred sites in total were utilised around Ireland for two weeks in January. The campaign highlighted how in Ireland our green countryside is an incredible asset and provides us with a unique grass-based farming system. This, paired with the expertise and the commitment of individual farmers and their families are vital ingredients in the success of Irish Dairy – here at home and abroad.

From an NDC perspective the reputation of the dairy sector alongside supporting its relevant consumption while consumers have been home-based has been our priority.

The National Dairy Council | Annual Report 2020

Dedication of Irish dairy farmers

Climate change & sustainability

In April, the NDC launched a new TV and Radio campaign, celebrating the dedication of Irish dairy farmers. Covid-19 created huge uncertainty for all of us, but one thing we can continued to rely on was fresh quality Irish Dairy thanks to the hard-working farmers of Ireland. This story, told through Irish dairy farmers, connects consumers with the natural food production and the role of dairy farmers in keeping us fed and nourished.

The vital importance of climate change and sustainability continues to be on our radar as we endeavor to continually improve Irish farming methods to reduce emissions. We know climate change is firmly on consumers agenda and our role is to identify suitable opportunities to communicate the work undertaken by the Dairy sector. While our grassbased, family-farming system is both natural and environmentally sustainable, the dairy sector cannot take anything for granted when it comes to climate change. We are acutely aware that whilst we have one of the most carbon efficient dairy farming systems in the EU, we still have more work to do to improve Ireland’s agricultural emissions. Our research from earlier this year tells us 71% of 18 to 29-year-old Irish consumers want the Dairy sector to be protected and supported for future generations (this increases to 88% among the over 55s).

Whether it’s the back-to-basics sentiment or simply an Irish population craving trust, health and security, the NDC’s TV and Radio advertising triggered a level of feedback never seen before. The gratitude from the farming community coupled with the appreciation expressed by consumers points towards a resurgence in dairy’s role within Irish family life coupled with a renewed respect for scientifically proven health benefits. Google search at the time indicated a significant shift towards Nutrition and Home Cooking as people were tied to their homes and I see this as Dairy’s heartland and opportunity. In fact, NDC research conducted in 2020 showed a 40% increase in dairy consumption in under 35-year-olds since the start of the government restrictions last March.

The gratitude from the farming community coupled with the appreciation expressed by consumers points towards a resurgence in dairy’s role within Irish family life.

EU campaigns IN 2020 we continued to work on three EUfunded campaigns to promote Milk; Cheese; and Sustainability. These help to supplement the NDC budget to deliver more valuable promotion of the dairy messaging to a wider audience. As part of the NDC’s involvement in the ‘Sustainable Dairy in Europe’ project, the perceptions of 2,000 Irish consumers were examined. It found that 82% of consumers believe there is a need to change how we produce and consume food. However, only 9% actually consider their carbon footprint when purchasing food. While 85% wish for the continued success of the Irish dairy sector, 42% consider that it has a negative impact on climate change. This highlights disparity in the understanding of dairy’s role in sustainable diets and an opportunity to inform the consumer.

6 The National Dairy Council | Annual Report 2020

NDC - expert voice on dairy nutrition

Food parcels and free school milk Promotion

Nutrition expertise has always been a strength of the NDC and, as result, it has become a trusted voice in the area of dairy nutrition establishing strong partnerships with academic and health organisations. These partnerships bring transparency and integrity to many of the NDC’s communications. The NDC uses a dual approach in its promotion of dairy nutrition messaging – it communicates directly to consumers through publications and various media; and it communicates the latest research to relevant health care professionals.

Fresh Care food parcels continued to be delivered to disadvantaged school children during school closures in Q4 of the School Milk Scheme. Approximately 10,000 weekly food parcels with milk were delivered to children who were normally in receipt of School Milk through the Urban School Meals Scheme. The Department of Agriculture, Food & the Marine (DAFM) has made the welcome decision to maintain the subsidy for School Milk at €70 per 100kgs in the 2020/2021 school year to ensure maximum participation in the scheme. For secondary schools, a digital resource for teenagers was developed by the Nutrition team. This transformed relevant information for this age group to create an engaging and interactive learning experience. Due to the Pandemic, NDC also developed a special Home-Schooling resource for parents and teachers in primary schools which was developed and delivered by a teacher and TG4 presenter within a school setting. It was very well received by participating schools.

Identifying an information gap in the area, the NDC produced a booklet on ‘Eating Sustainably’, which outlines the basic principles of sustainable diets and includes important information on dairy. The 19-page consumer booklet has been endorsed by both the Irish Nutrition and Dietetic Institute and the Government’s Healthy Ireland.

The NDC like many other sectors worked hard to deliver a complete work programme in 2020 through an incredibly challenging environment posed by the pandemic. In smartly navigating an alternative approach to all our core activities we managed to deliver a very successful programme of online events, advertising, PR, schools activity and nutrition communications as well as continued stakeholder networking on behalf of the NDC.

Zoë Kavanagh Chief Executive

The National Dairy Council | Annual Report 2020

Ensuring 2020 started with that all-important health kick, professional Rugby Sevens star and Love Island winner, Greg O’Shea, joined forces in February with one of Ireland’s top female boxers, Kellie Harrington, to support the second year of the ‘Everything starts with milk’ initiative. The initiative is a European Milk Forum (EMF) campaign focused on encouraging Irish consumers to drink more quality milk from Europe. Greg and Kellie announced their roles as ambassadors at an ‘Everything starts with milk’ training day that took place at University College Dublin, which saw one boxing club, one rugby team and one hockey team win the chance to train with O’Shea and Harrington, as well as several members of the Irish Women’s hockey team who were also in attendance.

Photo: Michael Chester

TASTE O Photo: Thomas Sunderland Photography

In March, the NDC published a new patient leaflet on Dairy and Cholesterol. The leaflet explains how the milk, yogurt and cheese food group can make a nutritious contribution as part of a balanced diet for those wishing to maintain healthy cholesterol levels. The publication has been endorsed by the Irish Nutrition and Dietetic Institute and is available for health practitioners to share with their patients.

Pictured above: Tara Regan, EU & Schools Programme Manager, NDC; Maeve Lynch, Deputy Head, Food Division, DAFM and children from Ballon Rathoe Childcare Facility

A pilot of the EU School Milk Scheme took place in 12 Early Years Service settings in Carlow and Kilkenny in February and March 2020. Key objectives of the pilot were to cultivate and contribute to the development of healthy eating habits for pre-school children, to create a positive lasting impression of dairy produce and to encourage pre-school children to meet the recommended number of daily servings from the ‘milk, yogurt and cheese’ food group. An additional objective was to connect children to agriculture to develop a greater understanding of where their food comes from. Participating settings received milk each day during the pilot, a suite of educational resources designed specifically for the initiative and visits from a farmer and Milly the Cow. An evaluation of the pilot was carried out by the National Nutrition Surveillance Centre in UCD. The pilot was very well received by children, care-givers and parents who cited that the programme was beneficial to children, with some parents commenting that their children were now more likely to drink milk in place of other drinks.

8 The National Dairy Council | Annual Report 2020

F 2020

Photo: Conor McCabe

Train right and get the right nutrition – couldn’t be simpler! and Love Island winner ional Greg Rugby 7s internat to James Taylor O’Shea talks exercise and about rugby, in his diet the role of milk

Health & Wellbeing, The brought to you by

Advertorial

Food fo r

Greg’s top stay-at-home exercise tips 1. Squats with a 10

Walk out into for 10s and back up

lunges 3. Side for each side 5 reps

climbers

20 reps

such

has food

Health brought &toWellbeing, you by The

recipes e , whethe feeding r its for a family or for special occasio ns.

get How you are you amazing and coping challen The lifestyle is country all overgesthe with of the lockdo the threereally! young to represent your on my feet wn with childre “I work from home n? world. I’ve landed writing norma times lly to threerecipes twodoing , cookin going for walks g food and food release and stimulus are young photog per week, that so raphy. My kids feel they are make youso willworkin of endorphins much better.”

ial

deliciou

used g around so there to me been a major change hasn’t curren .

s recipes

, visit www.n dc.ie/re cipes

Award winn Lilly Higg ing food write shopping ins spoke to r and photogra James Taylo local, new pher recip r abou Irish farm ers and es and supportin t producers g ever before

had import 20 reps lives, comforance in our like but ting us, ishing us many as you nourand You can do as of each. these challen soothing us three rounds I’d recommend video on the Irish With a practic ging times. in al and approa Check out my nd outable style website to ﬁ of cookin chfeature Country Living g Lilly Higgin goes! s fresh, how the routine local produc s in her

NDC and Milk Qua Kerrygold winner lity Awards looks at Tom Power the that farm challenges importancers face, the right nowe of family future of and the farming

Advertorial

Advertor

For more

2. Walkouts a plank

5. Jumping Jacks

the bod y and so ul Adopting a positive attitude >>Recipe

10 reps on ﬁnal rep second hold

4. Mountain

Advertorial

RHUBARB FOOL

Serves 6

WITH CANDIED

For the almonds: 2 tsp sugar 2 tsp hot water 1 tbsp brown 60g choppe sugar d almond s

ng, Health & Wellbeiby brought to you

om Power is a ﬁfth genera tion dairy farmer who the shadow farms in of both Knockmealdthe Comeragh west Waterf own mount and ains in ord. Tom farms alongs ents James and Bríd, ide his par(who is while shane? farm part-ti ) also works Shane on the me. Tom is and has married to Moya four Chloe (three) kids; Ella (ﬁ ve), , Aoife month (two), JJ s). (six Alongs Tom runs ide his busy home life which has a spring calving herd 300 cows season . Says Tom: in-calf this will stay “Many on the of those farm, the herd to mainta popula in tion, will be raised until while others enough they are to go mature Below Tomto market.” on a numbe shares his though ts ing farmer r of major issues facences of s as well as his experibeing a dairy farmer .

ALMONDS

For the fool: 650g rhubarb 100g caster 400ml creamsugar 150ml yogurt

Farmin about fag is all especia mily – lly now !

1. Prehea t the the water oven to 180°C. and sugar Mix until the in a bowl sugar is dissolved. the brown Mix well sugar and almondAdd to combin s. the nuts on a tray e. Spread parchm lined with ent eight minutepaper and bake s until bubblin for evenly not go by coated. g and that peo2. Meanw Set aside truth A day should to cool. t is an undeniable humans, hile, contact with As rhubarbwe roughly chop without some during these and place the ple need people. THE RESILIE and through proof dish in an ovencreatures social family or friends g times and scatter are Every year NCE OF FARMER that shown caster reduces social connectivity, has S over the sugar.of challengin or pharmacy further now have more time on been farminfor as long as through. Research place Cover I have the supermarket we are deprived in the oven with of us who foilvisiting g there Not and challen in cases where need to stay at has been precaution. Many to bake ge. connection, for those who and10-15 minute is sadly a necessary butfor guide others the really We had the spring a social interactions is just done. effects until the rhubar can collect shopping or prescriptions may be able to hummus as a snack or fresh fruit bad snow, with more damaging You don’t our hands b drough computer know-how be too it can have a had and a few t during topped withwe want it Alternatively, those with overweight, yogurt soft. Set than being to the summ the couple and your it aside home. the order online. comple to our health of seeds those in need to cool the process of making blood nuts for a erhealthy midyears or tely. preshelp high to a having ago, ongoin available through 3. Whip s/vcs-andcollecting • Don’t that ‘eat on the go’. It can make it more difficult to beprice volatili smoking and groups are also afternoon bite. suggests worried about cream until even the Local volunteer www.volunteer.ie/about-u year where ty. So there’s g milk Those who are (makingconnecuse the option thick and sure. Some researchvolumi can be found at nous. Social of how can also aware It’s great never idea toa have a its also our lives. Fold throug local plainasailing volunteer centre fill much you are eating. and Making Connections always yogurt. pensions or benefits agent who can it may even lengthen at this time. some Alone (alone.ie) h the Next immune , there’s good stock of frozen people and tinned our -vcvis/. temporary a issue. gently older to the cooled them. viss/find-your support of nominating • Have aforseat at the kitchen table. Make the meal an occa-COVID-19 underlying connection strengthens fromfold throug rhubar recover collect the payment h on the and fruit on hand too are providing additional people, or those with an us toaside a worldw vegetables keep b. You can tions.ie) of out a form and collect athan standing of older weeks’ supply system and helps ide it is notother sion rather hand some of eating from the kitchen workpossible to is get fresh supthose that cannot pouring ting throug ifissue. Given the vulnerability idea to have access to several the juice In terms Alternatively, for office, as postThis be discussed on top. the disease faster. is in a good experts for of should l h plies be as regularly held normal. this the gettop. be may will help for you Once see it and appreciate what and how day-to-day, as hasn’t been non-medica or need condition, the cream payment, it will Medical and rippled throug has been temThe feasibility periodmuch distanch, spoon cold our workin a massive changethere you’re eating. ing social glasses necessary medications. the the six-week holding pandemic. it into . Top with of are recommendserved Dairy to sure to keep - make spread is partnering with during the Covid-19 duced socialg•day, wefoods any re- with your GP. the further have introcooking or are at this challenging for older people, porarily liftedtime, everyone or online, to talk charity the ing to prevent the candie phone need be juices distanc milk, the cheese you and national yogurt to • in Resist the If eating straight from the packet. Serve your food the and extra will prove ing measu can be paid over Response Forum. Bills healthy so your d almond and do try to establish a- scatter ALONE, handfridge. 222 024 or COVID-19. This res chilled They are nutrition power washin s over. Serve national COVID-19 Community on the all recommend on a plate and take a seat. of right call them on 0818 g facilitie Forum farm and where necessary. routines. away. Response most challenging support, you can houses and can bes used to prepare obviou keeping goes against withare some tips to help you COVID-19 Community difficulties sly we are looking for emotional to ourselv Here tions as its application from your local a wide people. • Remove distractions. Turn off the TV and put away any of quick lunches and es a range We don’t bit more. who we are as call can be directed contact ALONE if you are experiencing stay on track with healthy eating have the essence of social and other challenges. snacks. They contain calcium, also into the people iPads or phones during mealtimes. loneliness other and being ur daily housing, helpline. You can lives coming yard have been out habits: to the comWe need each that health, finance, protein phosphorus to suplute necess unless it is and plate and reaching relationships an absochanged physical and mental up to thedramatically front doors of sustains the very • Try putting your utensils down regularly and take theWe are ity. port normal bone health. Milk, really stepping will call to the country If and fulﬁlled. An Post is also thethe during current pan-in isolated areas. FORM treating A ROUTINE own keep us healthy and yogurt are also rich and women across route it as anothe time to chew food well. Chat to family memberschallen mindful of our and ge where cheese their demic, butdelivery online thankfully munity. Post men Habits take time to both establish r We need to be use we focusof vitamin import customers along B12; with request a check-in man/ can still can you ant aspect sources and keep a watchful enjoy and vulnerable homethese mealtimes on the area when possible. there is lots of advice older their out and to change, post to so start with small isolated interaction The ned an health social scheese also providing vitamin A for you. such as relatives, person in or shed. Those conﬁ do this and anima or vulnerable there to help us all to adjust member to this you are an older Don’t decide to radically into circulabalcony,• polytunnel it steps. goes into wellbeing eye on elderly of us zinc. Thesel nutrients contribask a friend/family Don’t trypursuing to finish the whole plate. If you feel full, their garden, for free and put overhaul keep produc andand all that friends. Some new normal. to continue (anpost.com) or rightvery now, just you might have ing produc important neighbours and mark in the local your diet It ute to the normal function of the wela high-q take any post is offer a in a postagearto degrees of the leftovers apply the fridge/freezer for another meal. t. One staff thewill uality most important woman can also build a healthy routine which can pastimes as they be accustomed deliveryof

etables with noodle that and he’s learnins and he loves that now. g how to Cathal is our residenmake carnivo re, t meat. Whenhe loves every type of he gets veg, he just pushes steak and two the veg “We are aside! having becues now that loads of barwe when

Before t lockdo are at home, the weathe the wn, there you give young window great. He r is was for me What advice would begin also loves good, which is in the mornina when my as they today cheese. smoked younge rugby players to Hazel g goats st would playsch journey? “I’m alwayseats everything. go their sportingwould Youool do andto need the trying differen recipes two boys simple.go to school and cookin “It’s really so now. t , so that’s told and things to It’s are g you gone gone see what different back to the training that things were provides don’t like. the way they like diet that before Chartered have a balanced school Tell us about your with the curthey you about foodThe more they and where and foods you discove How you are coping COVID-19? I would went to the work all of the nutrients diet and how r taste, the and the more due to training do a lot of psychologist that I’ve into in the up for your that they more their rent lockdown g. I’m prepared, kids need to fuel incorporate milk change are goneandevenin knowing that ensuregs when very disappointin prefere during the for s Shane which to play matches; the routine? training nce to “Initially it was and bed. getting were like is really and I session It’s I just your daily done the proper back into So, I’ve What does it feel good.” about well afterwards. My rugby 7s teammates slept well, that the to Martin, and was it always How import you recover “On We were within ayounger week, that I’ve positive self routine your country the Irish properly and never to my down in the dumps. going to the note, we’ve of it. local producant is shoppi “Until I became would say eaten better. of eaten and hydrated nutridiscusses the It’s rightWe’re your ambition? the ‘Everything ng for the for is get mentally. and e? go and jersey touching distance to It’s more ambassador green train right cooking every What we rebaking that I’m ready campaign, I import “Putting on the rather than very much importance be simpler!” day. We 2020 Tokyo Olympics.of days though ant than sourcin Starts with Milk’ much milk any young rugby tion – couldn’t LABNEH AND g locally more about preparation ever, how amazing. Like with the into home schoolare stimulus.” produc know has was to play alised after a couple us another year didn’t realise HOMEMADE of adopting kids having I have ed food my initial goal the ing, getting a pre-match zero air given morning with FLATBRE player, set has the role it you In time.” that a the your lucky that I use! snack at miles. We was ADS and then milk in my For the Tell us about a positive circuit to ima are so for my province for labneh grass-fed. a lot of Irish produc milk in my porridge,in my tea on the world series stronger and to Dairy Council rugby idols? didn’t work out 400ml yogurt : National milk Who are your get Any tips e is up to Ireland 15s. That attitude the Irish is taken It’s often someth protein shake, prove, get better, for keepin a different path I really looked year I became ½ tsp salt team. It for granted “Last ing that cam“Growing up, enterta after every session. my career went cohesive as a g milk me, the the European ting. Robinson.” more and by in an Irish ined? childre for the Shoppi become and Jason 1 tbsp olive long during these like to have I got picked up ambassador ng locally “Gettin Milk’.n setDoug Howlett chance in the “I particularly a health with injuries. g them Starts with 1 tsp toastedoil gives us a better training sesIt’s perspective, is great from never been hapinvolve paign have‘Everything uncertain to drink raw ingredi to the Olympics. d seems worked it after an intense address the 7s team and I’ve and sesame people buying run of getting out the seeds to to encourage me is amazing and tryto ents to the for mental health want We best. dishes tough for everybody, sion as it helps make our all Any tips pier. The lifestyle times and do the these tough in Europe. by providing obviously very your country milk things that Theywith quality and recipes own same are doing. quality well-being during ‘3 R’s of recovery’ protein to world is in the board you get to represent For the we They’re on and taste . The distinct of offers tips but the whole flatbrea photos I’ve landed on “It’sofgreat to be taking lots I the best of Irish times a natural source Repair; helps with all sporting ds: 250g self-rais over the world. their food. dairy NDC because of in the for me are boat. It’s the same get team at the thethem on how to “Two big things assist my muscles providing lifestyle to cook with world and I love is started 250g yogurt ing flour to make theI’ve the world.” my feet really!” Just by to and it in events across myself theirhealthy seeare they can Refuel the body own snack routine and exercise. ½ tsp salt support- vegetables, the my dishes. The overcome doing of carbohyabout experiencing with a lot and meat, the brings yourall about me.itThey a natural source that of baking because we are you been playing milk. It’s How do you gear Rehydrate by suppor are really social is just amazing circumstances, thating Dairy How long have ting small becaus living your local. drate; and helps electrolytes. of enjoyin farmer 1. the different Irish Place a e they all may can self up ahead g s and to support food produc own prefere piece of be staying up rugby? have important was being a fluid with isolation social distancing and it’snces. their so hardnow. muslin you shouldn’t cheese ers right benefits rugby when I could loneliness but matches? morning our own or cloth into working arecan “Of course, these me after “I started playing thatWe shock, which would create norma until 4am in the farmers set over a large hated it so I for l by making you own food.” be a major culture “Some of the lads sieve a bowl. such a top-quality Lilly Higgins are a main focus five and I absolutely until I was anxiety. and eating foods some Stir the our throug and produce proud great also knowis a food h the salt lead to increased farming, but if you listen to music, blogger, didn’t go back delighted and sport - but it’s writer, wouldn’t normally the yogurt yogurt, then put like the product. I’m important What are Farmers are still NationalLilly lives photographer and might have to spoon you can eight. I just didn’t at all. ing I am getting eat. I think that their favour with the the cloth into the centre chef. in to your home from milk of it bowl and “For to be working and of and gather are confined one boot on beColm and Cork with her ite dishes? nutrients as well vitamins and contact element smooth you should try cakes,Liam, tips for addressing sides. Tie it’s Council.” partner their three B defi up the spoon. Dairy it out with been playing it the four Liam (8), use these practical while isolated fore the other Drizzle such as calcium, you can tell, he absolu nitely duck panFrom eight, I’ve a a knot stick to the same Cathal (7) children; olive oil as top and tely loves He also is the and hang corners into that may arise the breads over the and Hazel issues but I wouldn’t iodine. So yes, scatter them. page and wellbeing ever since.” over overnig schedule thatfood. loves health climate. with the (4). seeds. of milk and it This any type of current ht. I usually the bowl Place a the about This to 5mm We cook sesame I am a big fan series brought health and during have any Chines daily always thick. dry my five-part the in a you’ve 3. in tie role up handle e To make of wellbein second stir fry it on to high heat, frying pan over fifth in a plays a massive g page is the What highlights veg- Dairy Council real five-part or the tap. of a kitchen cabine a had. Another the the yogurt flatbreads, to 4. Lay two no need for you by the National the Nationa series brought mix routine.” t any oil. on sportsbynutriyour rugby career with the does superstidrip into The liquid will flatbread thing for me is smooth isolation flour until l the For more information n/sports-nutrition l Dairy Council. to you slowly s at a time the pan to dough Physica date? thick creamy bowl leaving tions like a some cook. forms. in isolation rest, ndc.ie/nutritio Hong getting Each will about social covered tion, see a Leave to mean and won the cheese 2. Transfe four “The main highlight not with need that. The for half the World Series is to be r the cheese . exercise in. Even They shouldminute s eachthat an hour. a tea towel, contact the proudest moside. able to came this time 7 big thing to a serving one-to-one Divide dough puff up Kong leg. It was It be this COUNTRY LIVING into longer solely physical and blister, all givesmay no It is the as an Irishman. last year. We [the for me is balls. Use six and roll flavour. 18 April 2020 IRISH still members ment of my life Familywith into Repeatwe can the remain a rolling avoided. However, but we got there!” ones. ing Ireland 7s side] ed pin to fl of loved took four years recommend the homeServe the pane ordough at theballs. enteratten qualified for windowlabneh breads with the each other that the for dippinreassure warm talk through outside. We can g. 2m distance 9 be making everyone willMaY 2020 IRISH to speak COUNTRY LIVING 7 a bigger effort dethrough all available the phone, vices such as Facetime. It via Skype or remember is helpful to that this is temporary.

‘Eating well is good for mind and body’

l Ensure essentia e supplies are availabl

or other

Dietitian Louise Reynolds provides advice on maintaining healthy eating habits and how to practise more mindful eating

ng Social distanci being does not mean housebound

postaleas on. hobbies and is around circulation. nutrition tion for you. The help everyone in the family. to what’s going before onwardfood anditem they need collecting, come distraction exercise daily. Dependmail centreand mail what wehas areafeeding ourIt is aand good idea to set mealto person says I HAVE MAIL It is also vital If an elderly that some may still windowas selves and we are times theirfamilies for isthe whole household in our An Post a person lives, a sign their dog ing on where on their route.and they can put or bringMENU collect itEveryone staying home for together. try as much stroll as possible to to staff will A WEEKLY for aPLAN a delivery service be able go develop the postalisdelivery that they must in awith different place to to – it will give right now – to know stick to that the day newspapers If you are only going need to the shops to shops working for a walk but who cannot getstructure. from others you may be cocooning, distance or customers feeding infrequently someone newspaper. This keep an unnatural If you are over 70 is droptheirtodaily a teenage family, get trying work ping the groceries toactive meet. in the your house, that they may will be launched be as and mind children initiative try and but rememENCOURAGE CHILDREN TO HELP then having a list is the most and more details and need to cocoon, the house or out in weekfor ber that this is a new coming normal Now is a great time to teach basic around effective way to prevent food once available. as possible shared everyone right now willsobewe need to cooking skills to children and you to make garden. waste and to allow leave many try our best. Just remember, doing more adventurous mealsthe for Social teen- distancing a range ofmay healthy meals. of loneliyour best is good enough when it agers or other family members. facing aStock greater updegree your store cupboard people all need to comes to nutrition. Before you know it you may be ever withbefore. a wideWe variety of nutritious ness than more vulWe know that eating well is having dinner prepared for you! foods asthat this are will make A those easier to out for look . it day good for mind and body. MainThere are lots of recipes on ndc.ie offer reassurance put together healthy meals and nerable and some taining healthy diets will beneﬁt for some inspiration. snacks. not go by without should friends with family or contact Skype e or ch challenging times. Using FaceTim Skype or similar during these can use FaceTime, is the or computer, wellbeing page If an older person phone, laptop This health and you on their mobile regular contact. series brought to applications first in a five-part useful in maintainingwho live nearby and Dairy Council. it will prove very by the National call on the elderly or close Neighbours should as some may have no family 7 LIVING contact COUNTRY make regular 11 April 2020 IRISH friends.

THE IMPORT ANCE

immune system.

It’s imp that wheortant to have n you com somethin in the even g e home ing, switch the min you can from wha d t you’ away doin

AND LOOKING OF STAYING g during ve been • Protein rich foods – in addition POSITIV the day HEALTH AND AFTER YOUR includingEfresh off meat forand me. fiI sh WELLBEING to MENTAL • Wholegrains – go Staying for highpositiv fibre sport, in the weekly meals, eggs, nuts,used to play a I don’t lot of play as varieties of pasta,and brown rice,g e is so import keepin tinned ant beans andmore, lentilsbut are very much anystaying the mind comin active, wholemeal bread,equally wholegrain right isto have infamily handy the store cup- g home to import going for allows ant. deeply me to switch a young a cereals and porridge. farmin These foods If you board to add protein about tog.your diet. think walk. It’s run, a anythi off from too import down will provide the get basis for many you can can make quick, I’veproteinant to have someth about it. ng,They also got is aand my huge with my ing that meals and snacks thething. who- Staying richpositiv meals or snacks. when you dad every parents, I work e come home I’m lucky tain of legrain varieties provide day, he’s much in the evenin knowle becaus a foundge, and e when ideas off needed fibre forhome in thegut. a healthy can switch g, you we This I health and wellbeing page come is the evenin each Moya and other, I’m bounce gs, I’ve to have away from the mind the kids thirdgot in a five-part series very lucky someoto brought neyou what farm. with me • Fruit and vegetables - fresh fruitso it’sbyathe you’ve switch National Dairy Council. Check on the been doing For other on and vegetables are great snack during out ndc.ie for more information the people it might foods and provide a wide range you somet day, giving enjoying dairy as part of a healthy, be focus on. hing else to of nutrients. Try raw veg with balanced diet and for recipe ideas. 25 April 2020 IRISH COUNTRY LIVING 7

THE IMPORT ANCE OF FAMILY FARMING BUSINE IN

THE SS The family ing is such element of farman impor COVID tant part. -19 home the has really hamm Being sustain ered especially importance of important. able is very family, view. I’ve from a safety every countrThe consum point of er in got a very y is well so I am of what’s young aware limitin on the g how much family are with shelves want to and me on know they the farm moment. food comeswhere their at the All of a got four sudden from. , kids at us as farmer For home that we’ve be looked s, to be need to after. part of the whole I get a real story of kick on the sustain farm, being seeing the kids ability what’s is happening, curious about est. We’ve important. showin g at home a really nice situatiinterHow we with three on the family genera spread tions of involve d on the our slurfarm. This health ry, movin g fourth in and wellbeing page toward s a five-par is the low emissi t series brought you by the Nationa slurry spread on l Dairy Council to Check out We’ve recent ing. ndc.ie for on enjoying more informa . ly indairy tion as balanced part of a diet and healthy, for recipe ideas.

SUSTAINABILITY OF FARMIN AND THE FUTURE G

2 MaY 2020

IRISH COUNT

RY LIVING

In April, the NDC launched its ‘Health and Wellbeing’ series, which included a 5-part series of full page articles in the Irish Farmers’ Journal’s Irish Country Living magazine (148,000 weekly readers). It featured NDC-associated experts and ambassadors, including Dietitian Louise Reynolds, Psychologist Shane Martin, Dairy Farmer Tom Power, Food Writer Lily Higgins and our ‘Everything Starts with Milk’ ambassador, Rugby Sevens athlete, Greg O’Shea. The series provided readers with practical and supportive health and wellbeing advice during the pandemic, at a time when readership of the publication was estimated to have increased from 4-12%, depending on the week. Accompanying videos were also created for these articles in the online publication, with over 2,000 views in total. In addition, three related radio interviews featured on Midlands 103’s ‘Country Life’ programme, with contributors Shane Martin, Louise Reynolds and Tom Power. The NDC also promoted its health and wellbeing portfolio with a press release and a number of relevant consumer articles on their website on topics such as ‘Healthy Habits when Working from Home’; ‘Looking after the Vulnerable in our Community’; and ‘Keeping Active – Benefits for Body and Mind’.

Pictured above: Greg O’Shea, Hockey Players Elena Tice, Nikki Evan, Chloe Watkins and Kellie Harrington

WHAT IT MEANS QUALITY MILK TO BE A

We were AWARDS WINNER delighted nominated. to be even dream We had never ed of winnin For me, g it the impor really highlig it. hted and havingtance of family ahead of a generation you leadin way. Having g the family involve ment on the important. farm is really I grew ing my mum and up watchfarm and dad that’s how on the into it. I got In terms the award of winnin ally about , I feel it is re- g doing the things right. simple

stalled a new parlou conscious r and are very terms of of how we use water volume down and when washin in how g The win-w we heat the water. in is that measures these sustain are environment able better returnand often resultally in The other on investment. a side of ity that sustain probab abilly gets farmin lost a g is we need personal sustain bit in to be able ability, employ to work people and in allows us to have the manner that life and a that people good quality of us have an enjoya working with ing job to come ble and reward to. We feel facilities that we’ve got good for milkin housin g, anima g, silage l pits. We in good try facilities the anima for oursel to put able place ls so that it’s an ves and enjoyto work.

Health & Wellbeing, ofTips pensions Collecti brought to you by Theonbenefits for more mindful eating:

Advertorial

Health brought &toWellbeing, you by The

Twenty years ago, World Milk Day was established by the Food and Agriculture Organisation of the United Nations to recognize the importance of milk as a global food, and to celebrate the dairy sector. Each year since, the benefits of milk and dairy products have been actively promoted around the world, including how dairy supports the livelihoods of one billion people. While, the reality of Covid-19 has been challenging for us all, it presented a powerful moment to connect consumers with natural food production in Ireland. In 2020 more than ever we needed to really celebrate our local food heroes all around Ireland producing high quality produce 365 days a year. To celebrate this, the NDC secured a themed 3 minute ad break during the 6PM RTÉ news on June 1st (World Milk Day). Families from all over Ireland featured in the ad raising a glass for World Milk Day.

The National Dairy Council | Annual Report 2020

In June, a National Quality Milk virtual farm walk was broadcast live from the farm of Kieran and Ann Hearne, Co. Waterford, national winners of the 2019 NDC & Kerrygold Quality Milk Awards. The broadcast was produced by Teagasc with the support of the NDC, Ornua and Glanbia Ireland and featured interviews with the winning farmer, Kieran Hearne, his Teagasc Adviser - Seamus Kearney, and his Glanbia Milk Quality Manager - Brendan Walsh. The event was facilitated by David Gleeson, Teagasc and covered a number of areas including producing high quality milk, selective dry cow therapy, grassland management, herd breeding, calf rearing, biodiversity and the environment.

Photo: Clare Keogh

Photos: Appetite Media

One of Ireland’s best loved TV cooks and food writers, Donal Skehan, announced his second year as the official ambassador for the European Milk Forum (EMF) and National Dairy Council’s (NDC) “Cheese Your Way” campaign. Donal returned to Ireland from Los Angeles, kicking off the campaign with brand new recipes to inspire people to use cheese in a variety of meals throughout the day. Well-known for his accessible, inspiring and encouraging recipes geared to the everyday home cook, Donal was helping to promote everyone’s secret food addiction – Cheese! This was the second year of the EMF and NDC partnership to deliver the EU funded “Cheese Your Way” campaign; created to encourage more Irish consumers to enjoy quality cheese from Europe. 10 The National Dairy Council | Annual Report 2020

In July, the NDC welcomed the return of summer camps to the Sport Ireland Campus. To celebrate this year’s camps in a unique way, each participant took part in an NDC Sports Day, encompassing traditional games such as sack/sprint/ ‘egg & spoon’ races, obstacle courses and long/high jump challenges. This came as children around the country will have missed out on their school sports day due to the school closures in mid-March. Photo: Morgan Treacy INPHO

Photo: L Reynolds

The World Congress on Osteoporosis, Osteoarthritis and Musculoskeletal Diseases took place in August. It was attended by a wide range of health professionals with expertise in bone and muscle health. As part of the NDC’s collaboration with the European Milk Forum, the Congress included a sponsored symposium on the ‘Impact of the whole dairy matrix on musculoskeletal health and aging’. Expert international speakers shared the latest research on the unique role that dairy can play in bone and muscle health.

The NDC began its ‘Back to School’ communications in August. Our press release on ‘Lunchbox Tips’ received significant coverage again this year, and our website featured a new Lunchbox Tips video presented by INDI dietitian Louise Reynolds and a lunchbox weekly planner. The Moo Crew Back to School Campaign ran alongside, with a 4-page advert published in the Irish Independent Weekend Magazine. It included an online article, featuring Back to School tips and information on Moo Crew, the EU-funded school milk scheme.

The National Dairy Council | Annual Report 2020

In August, the NDC published its new booklet on Eating Sustainably. The booklet outlines the key principles of a sustainable diet, explains where dairy fits and offers practical tips on lifestyle choices. With a growing awareness of how the food we eat impacts climate change, consumers are seeking reliable information on this topic. The new booklet has been endorsed by the Irish Nutrition and Dietetic Institute and the Department of Health’s ‘Healthy Ireland’.

trition & Yo Nu u

Photo: NDC

In September, the NDC hosted an educational webinar for dietitians, in association with the Irish Nutrition and Dietetic Institute (INDI). The theme of the webinar was ‘Evolving with the Changing Climate of Nutrition’. Expert speakers included Prof Frédéric Leyroy from Vrije Universiteit Brussels, Belgium, who spoke about ‘Evolving foodscapes and thoughtscapes’; and Dr Sinéad McCarthy from Teagasc Food Research Centre, Ashtown, who spoke about ‘How sustainable is the Irish diet?’. The virtual event was broadcast live from Airfield Estate, headquarters of the INDI, and watched online by over 70 dietitians. The purpose of the webinar was to keep dietitians and nutrition scientists informed regarding the latest research on the role of dairy in sustainable diets.

g Su bly staina

Photo: NDC

Our popular HPX (High Performance knowledge Exchange) conference with the Sport Ireland Institute took place in October. These conferences are tailored for nutrition, sport and medical professionals; as well as coaches, athletes and academics. This year’s theme was ‘Behaviour Change – The Real Game Changer?’ and had a total of 364 attendees over its two half day webinars. Along with a fantastic calibre of speakers, Dr Kirstie McAdoo, Head of Education & Research at Airfield Estate, provided a presentation on ‘SuSTRAINability’ - a focus on how a diet filled with sustainable, indigenous food can help the athlete, local producers and the environment all at the same time. This included highlighting key messages around the role of Irish dairy as part of a healthy, sustainable diet. Following the event, 96% of those who completed the feedback questionnaire said they now have a better understanding of the considerations required in order to eat sustainably; with 86% agreeing that Irish dairy belongs as part of a sustainable diet.

12 The National Dairy Council | Annual Report 2020

Photo: Clive Wasson

In October, the NDC and Ornua announced the Starrett family, supplying Aurivo Co-op, as the winner of the 2020 NDC & Kerrygold Quality Milk Awards. Now in its 11th year, the awards, dubbed the ‘Oscars of the Dairy World’, acknowledge and celebrate the highest standards of excellence in dairy farming.

Photo: Jessica McGuirk

The 2020 shortlist was made up of 11 dairy farming families representing 11 dairy co-ops nationwide. All farming finalists underwent a detailed assessment by an expert judging panel including Professor Patrick Wall from UCD, Dr David Gleeson from Teagasc and Dr Jack Kennedy, Deputy Editor of the Irish Farmers Journal. Each of the finalists was judged on sustainable farming practices, milk quality, technical knowledge and animal welfare on-farm practices.

The NDC, in association with Cappagh Hospital Foundation, teamed up with leading racehorse trainer Jessica Harrington to raise awareness about bone health to mark World Osteoporosis Day (20 October). Jessica Harrington is one of the world’s leading horse trainers and the most successful female trainer ever at Cheltenham. The campaign received considerable media pick-up and Jessica also appeared on Virgin Media’s 6 O’Clock Show. The National Dairy Council | Annual Report 2020

Photo: Robbie Reynolds

The actions of Ireland’s 18,000 dairy farmers to improve sustainability, reduce climate emissions and protect rural biodiversity were highlighted in a new Fact Book “Irish Dairy, Sustainable Ireland”, published in December by the European Milk Forum (EMF) in association with the NDC. This publication spotlights sustainability actions currently being implemented on dairy farms across the country – in areas such as grassland and fertiliser management, low emissions slurry spreading and measures to improve water quality and herd genomics – areas highlighted as priorities in the Irish Government’s recently published ‘Ag-Climatise’ roadmap, as well as the EU Green Deal, Farm to Fork and Biodiversity Strategies. The Fact Book is the third annual edition produced in Ireland, as well as five other EU countries, as part of the EMF’s ‘Sustainable Dairy in Europe’ campaign, which is focused on the challenges and innovative responses to the issues of sustainability and climate change in the dairy sector.

In 2020, the NDC commissioned renowned food writers John and Sally McKenna to write a book devoted to the subject of Milk. The book explores the culture, history and culinary potential of the magic liquid, which is Ireland’s culinary treasure, and features some of the family-farm winners of the annual NDC & Kerrygold Quality Milk Awards, who outline the importance of pasture-fed milk and butter. The book also features recipes from 60 Irish chefs with each recipe using Irish dairy as a main ingredient. The recipes themselves are culturally diverse and impressively styled and shot by Kildare-based photographer Mike O’Toole and chef Anne Marie Tobin. John felt it was important to showcase other cultural uses for milk; methods which are not only interesting, but sometimes superior to our own. By combining these recipes and techniques with Irish dairy, something special was achieved. The book went on sale in bookstores all over Ireland in October. 14 The National Dairy Council | Annual Report 2020

REPORTS AND FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 Directors and other Information

Directors’ Report

Directors’ Responsibilities Statement

Independent Auditor’s Report 20 Income Statement

Statement of Financial Position

Statement of Changes In Equity

Statement of Cash Flows

Notes to the Financial Statements

The National Dairy Council | Annual Report 2020

DIRECTORS AND OTHER INFORMATION Directors Mr. E. Carroll (Chairman) Mr. S. Arthur Mr. S. Blewitt Mr. K. Boyle Mr. J. Doody Mr. V. Gorman Mr. L. Hannon Mrs. A. Keohane Mr. T. Maher Mr. M. McArdle Mr. P. O’Donoghue Mr. G. Quain Mr. C. Ryan Mr. P. Sheahan Mr. G Quain Chief Executive and Secretary

Zoë Kavanagh

Registered Office The Studio 55c Maple Avenue Stillorgan Industrial Park Co. Dublin Registered Number

21650

Solicitors Gleeson McGrath Baldwin 29 Angelsea Street Dublin 2 Auditor Deloitte Ireland LLP Chartered Accountants and Statutory Audit Firm Deloitte & Touche House Earlsfort Terrace Dublin 2 Bankers AIB Bank 1 Lower Baggot Street Dublin 2

AIB Bank St. Helen’s 1 Undershaft London EC3A 8AB

16 The National Dairy Council | Annual Report 2020

DIRECTORS’ REPORT The Board of Directors present their annual report, together with the financial statements for the financial year ended 31 December 2020. COMPANIES ACT 2014 Under the Companies Act 2014, the company is deemed to be a Company Limited by Guarantee (CLG). PRINCIPAL ACTIVITIES The principal activity of The National Dairy Council (“NDC”) is to support Irish dairy farmers by driving the positive position and consumption of milk and dairy products through integrated marketing and communications programmes, based on informed scientific evidence. RESULTS The results for the financial year and the state of affairs of the company are set out on pages 23 and 24 respectively. REVIEW OF BUSINESS The NDC has a vital role in supporting the dairy sector in driving the consumption and positioning of milk and dairy products. The NDC’s vision is to be the authoritative and trusted voice in advancing the consumer perception and consumption of Irish milk and dairy products. As part of the NDC’s Strategy, it is anticipated the level of funding from Europe will increase significantly over the coming years. In order to best leverage the EU opportunity, the NDC has had to build up its reserves to facilitate the cash flow requirements associated with running more EU Programmes and to demonstrate the necessary financial capacity to obtain the additional funding. The novel coronavirus (Covid-19) outbreak has not had a material impact on the trading results of the company. However, we continue to monitor the situation closely, including the potential impacts on trading results, our supply continuity and our employees. RISKS AND UNCERTAINTIES The main risk facing the company during the financial year and anticipated in future years is the receipt of levy contributions and maintaining sufficient reserves to allow the entity operate efficiently and effectively. The company has a VAT recoverable balance of €1,191,728 and additional related contingent liability of €678,927 at 31 December 2020. These amounts relate to claims for VAT input credits which the Revenue Commissioners have refused. The company has appealed this decision to the Tax Appeals Commission. The company have obtained external professional advice on this matter and believe we will, more likely than not, be successful in our appeal. GOING CONCERN The directors have a reasonable expectation, taking the Covid-19 crisis into consideration, that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements. Further details regarding the adoption of the going concern basis can be found in note 1 to the financial statements.

The National Dairy Council | Annual Report 2020

DIRECTORS AND SECRETARY The directors and secretary, who served at any time during the financial year except as noted, were as follows: Directors: Mr. E. Carroll (Chairman) Mr. S. Arthur (Appointed 21/04/2021) Mr. S. Blewitt Mr. K. Boyle (Appointed 26/08/2020) Mr. J. Doody (Appointed 21/04/2021) Mr. P. Duffy (Resigned 21/04/2021) Mr. J. Finn (Resigned 26/08/2020) Mr. V. Gorman (Appointed 21/04/2021) Mr. L. Hannon Mrs. A. Keohane Mr. T. Maher Mr. M. McArdle Mr. J. Murphy (Resigned 21/04/2021) Mr. P. O’Donoghue Mr. T. Phelan (Resigned 21/04/2021) Mr. G. Quain Mr. C. Ryan Mr. P. Sheahan Secretary:

Zoë Kavanagh

ACCOUNTING RECORDS The measures that the directors have taken to secure compliance with the requirements of sections 281 to 285 of the Companies Act 2014 with regard to the keeping of accounting records, are the engagement of appropriately qualified accounting personnel and the maintenance of computerised accounting systems. The company’s accounting records are maintained at the company’s registered office at The Studio, 55c Maple Avenue, Stillorgan Industrial Park, Co. Dublin. EVENTS AFTER THE BALANCE SHEET DATE On 25th January 2021 the Revenue Commissioners wrote to the company stating that VAT repayment claims previously refunded are not allowable and therefore arrangements are being made to issue VAT assessments for the recovery of the VAT reclaimed. The value of these claims is €678,927. This matter is currently under appeal to the Tax Appeals Commission. PUBLICATION The directors are responsible for the maintenance and integrity of the website. Legislation in the Republic of Ireland concerning the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. DISCLOSURE OF INFORMATION TO AUDITOR So far as each of the directors in office at the date of approval of the financial statements is aware:

• There is no relevant audit information of which the company’s auditor is unaware; and • The directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company’s auditor is aware of that information. AUDITOR The auditor, Deloitte Ireland LLP, Chartered Accountants and Statutory Audit Firm, continues in office in accordance with Section 383(2) of the Companies Act 2014. Approved by the Board and signed on its behalf by: Eamonn Carroll Director

Patrick Sheahan Director

21 April 2021

18 The National Dairy Council | Annual Report 2020

DIRECTORS’ RESPONSIBILITIES STATEMENT The directors are responsible for preparing the directors’ report and the financial statements in accordance with the Companies Act 2014. Irish company law requires the directors to prepare financial statements for each financial year. Under the law, the directors have elected to prepare the financial statements in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland issued by the Financial Reporting Council (“relevant financial reporting framework”). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the assets, liabilities and financial position of the company as at the financial year end date and of the profit or loss of the company for the financial year and otherwise comply with the Companies Act 2014. In preparing those financial statements, the directors are required to: • select suitable accounting policies for the Company Financial Statements and then apply them consistently; • make judgements and estimates that are reasonable and prudent; • state whether the financial statements have been prepared in accordance with the applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for ensuring that the company keeps or causes to be kept adequate accounting records which correctly explain and record the transactions of the company, enable at any time the assets, liabilities, financial position and profit or loss of the company to be determined with reasonable accuracy, enable them to ensure that the financial statements and directors’ report comply with the Companies Act 2014 and enable the financial statements to be audited. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The National Dairy Council | Annual Report 2020

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE NATIONAL DAIRY COUNCIL (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)

Report on the audit of the financial statements Opinion on the financial statements of The National Dairy Council (A company limited by guarantee and not having a share capital) (the ‘company’)

In our opinion the financial statements: • give a true and fair view of the assets, liabilities and financial position of the company as at 31 December 2020 and of the surplus for the financial year then ended; and • have been properly prepared in accordance with the relevant financial reporting framework and, in particular, with the requirements of the Companies Act 2014. The financial statements we have audited comprise: • the Income Statement; • the Statement of Financial Position; • the Statement of Changes in Equity; • the Statement of Cash Flows; and • the related notes 1 to 16, including a summary of significant accounting policies as set out in note 1. The relevant financial reporting framework that has been applied in their preparation is the Companies Act 2014 and FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” issued by the Financial Reporting Council (“the relevant financial reporting framework”). Basis for opinion We conducted our audit in accordance with International Standards on Auditing (Ireland) (ISAs (Ireland)) and applicable law. Our responsibilities under those standards are described below in the “Auditor’s responsibilities for the audit of the financial statements” section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in Ireland, including the Ethical Standard issued by the Irish Auditing and Accounting Supervisory Authority, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of Matter related to VAT We draw attention to Note 2, Note 9 and Note 14 to the financial statements which indicate that the company had a VAT recoverable balance of €1,191,728 and additional related contingent liability of €678,927 at 31 December 2020. These amounts related to claims for VAT input credits which the Revenue Commissioners have refused. The company has appealed this decision to the Tax Appeals Commission. The company have obtained external professional advice on this matter and believe they will, more likely than not, be successful in their appeal. Our opinion is not modified in respect of this matter.

20 The National Dairy Council | Annual Report 2020

Conclusions relating to going concern In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively , may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the Reports and Financial Statements for the financial year ended 31 December 2020, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the Reports and Financial Statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of directors As explained more fully in the Directors’ Responsibilities Statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and otherwise comply with the Companies Act 2014, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. Auditor’s responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (Ireland) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISAs (Ireland), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates

The National Dairy Council | Annual Report 2020

and related disclosures made by the directors. • Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of the auditor’s report. However, future events or conditions may cause the entity (or where relevant, the group) to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that the auditor identifies during the audit.

Report on other legal and regulatory requirements Opinion on other matters prescribed by the Companies Act 2014 Based solely on the work undertaken in the course of the audit, we report that: • We have obtained all the information and explanations which we consider necessary for the purposes of our audit. • In our opinion the accounting records of the company were sufficient to permit the financial statements to be readily and properly audited. • The financial statements are in agreement with the accounting records. • In our opinion the information given in the directors’ report is consistent with the financial statements and the directors’ report has been prepared in accordance with the Companies Act 2014.. Matters on which we are required to report by exception Based on the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report. We have nothing to report in respect of the provisions in the Companies Act 2014 which require us to report to you if, in our opinion, the disclosures of directors’ remuneration and transactions specified by law are not made. Use of our report This report is made solely to the company’s members, as a body, in accordance with Section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed. Kevin Sheehan For and on behalf of Deloitte Ireland LLP Chartered Accountants and Statutory Audit Firm Deloitte & Touche House, Earlsfort Terrace, Dublin 2 21 April 2021

22 The National Dairy Council | Annual Report 2020

INCOME STATEMENT For the financial year ended 31 December 2020

2020 2019 Notes € €

Income 3 5,163,405 5,500,727 _________ Expenditure

Direct expenses (3,619,077) (4,586,451) Establishment expenses (47,112) (52,971) Administrative expenses (287,019) (265,532) _________ Total expenses (3,953,208) (4,904,954) _________ Surplus on ordinary activities before taxation 4 1,210,197 595,773

Taxation 7 (29) (21) _________ Surplus on ordinary activities after taxation 1,210,168 595,752 _________

All of the results for the current and prior financial year derive from the continuing activities of the company. All recognised gains and losses for the current and prior financial year are included in the income statement.

The National Dairy Council | Annual Report 2020

STATEMENT OF FINANCIAL POSITION As at 31 December 2020

2020 2019 Notes € € Fixed Assets

Tangible assets 8 12,513 15,025 _________ Current Assets

Debtors 9 1,767,882 1,485,592 Bank 2,073,258 1,341,873 _________ 3,841,140 2,827,465

Creditors: (Amounts falling due within one year) 10 (526,486) (725,491) _________ Net current assets 3,314,654 2,101,974 _________ Net assets 3,327,167 2,116,999 _________

Represented by:

Accumulated surplus 3,327,167 2,116,999 _________

The financial statements were approved and authorised for issue by the Board of Directors on 21 April 2021 and signed on its behalf by: Eamonn Carroll Patrick Sheahan Director Director

24 The National Dairy Council | Annual Report 2020

STATEMENT OF CHANGES IN EQUITY For the financial year ended 31 December 2020

Accumulated surplus Total € € At 1 January 2019 1,521,247 1,521,247 Surplus for the financial year

595,752

_________ At 31 December 2019

2,116,999

Surplus for the financial year

1,210,168

_________

At 31 December 2020 3,327,167 3,327,167 _________

The National Dairy Council | Annual Report 2020

STATEMENT OF CASH FLOWS For the financial year ended 31 December 2020

2020 2019 € € Reconciliation of surplus on ordinary activities before tax to net cash flow from operating activities Surplus on ordinary activities before tax

1,210,197 595,773

Less: interest income

(117)

(83)

Depreciation 7,211 8,980 Taxation refund/(paid)

(29) 14

Increase in debtors Decrease in creditors Net cash flows from operating activities

(282,290)

(764,486)

(199,005) (19,529) _________ 735,967 (179,331)

Cash flows from investing activities Interest income

117

Payments to acquire fixed assets (4,699) (16,572) _________

Net cash flows from investing activities (4,582) (16,489) _________ Net increase/(decrease) in cash and cash equivalents 731,385 (195,820) _________

Cash and cash equivalents at beginning of the year 1,341,873 1,537,693 _________

Cash and cash equivalents at end of the year 2,073,258 1,341,873 _________

26 The National Dairy Council | Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 1.

Accounting Policies The principal accounting policies are summarised below. They have all been applied consistently throughout the current and to the preceding year. General Information and Basis of Accounting

The National Dairy Council is a company incorporated in Ireland under the Companies Act 2014. The address of the registered office is given on page 16. The nature of the company’s operations and its principal activities are set out in the directors’ report on pages 17 and 18. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with the Companies Act 2014 and Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council. The functional currency of The National Dairy Council is considered to be euro because that is the currency of the primary economic environment in which the company operates.

Going Concern

The company’s business activities, together with the factors likely to affect its future development, performance and position are set out in the directors’ report. The directors have a reasonable expectation, taking the Covid-19 crisis into consideration, that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. Financial Instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Financial assets and liabilities

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of ﬁnancial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, The National Dairy Council | Annual Report 2020

cancelled or expires. Income

Income is comprised of voluntary levies, grant income, donations and interest receivable. Income received in the form of voluntary levy contributions is based on a price per litre of milk produced and is recognised on a receipts basis. All other income is credited to income in the period to which it relates. Expenditure

Expenditure is accounted for on an accruals basis. Fixed Assets

Fixed assets are held at cost less accumulated depreciation. Depreciation of fixed assets is provided on a straight line basis at the rates shown below which are estimated to reduce the assets to their residual values of Nil by the end of their expected useful lives. Office equipment Computer equipment

25% per annum 25% per annum

Pension

The company operates a defined contribution pension scheme. Contributions payable to the scheme are charged to the income and expenditure account in the period to which they relate. Taxation

The company is exempt from Income Taxation in respect of its trading activities. Passive income, if any, (such as deposit interest) remains taxable. 2.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, which are described in Note 1, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. Information about judgements in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements is included in the accounting policies and the notes to the financial statements. VAT Recoverable

The company has a VAT recoverable balance of €1,191,728 and additional related contingent liability of €678,927 at 31 December 2020. These amounts relate to claims for VAT input credits which the Revenue Commissioners have refused. The company has appealed this decision to the Tax Appeals Commission. The company have obtained external professional advice on this matter and believe we will, more likely than not, be successful in our appeal.

28 The National Dairy Council | Annual Report 2020

3. Income

An analysis of the company’s turnover is as follows: Voluntary levy Ornua Grant income Other income Interest income Total income

2020 €

2019 €

3,693,113 3,508,477 50,000 82,936 1,417,925 1,897,402 2,250 11,829 117 83 _________ 5,163,405 5,500,727 _________

All income, apart from European Union Grant income of €1,387,523 (2019: €1,530,281) arose in the Republic of Ireland. 4.

Surplus on ordinary activities before taxation

The surplus before taxation is stated after charging:

Directors’ remuneration Directors’ expenses Auditor’s remuneration - audit of financial statements - tax advisory services - other non-audit services Depreciation

5. Staff numbers and costs

2020 2019 € € 38,200 2,514

35,362 10,343

11,500 11,500 24,000 11,500 33,800 1,200 7,211 8,980 _________ 2020 2019 € €

Wages and salaries Social Welfare costs Pension (Note 12)

682,091 682,139 73,920 73,164 63,413 51,209 _________

819,424 806,512 _________

The average monthly number of employees for the financial year was 8 (2019: 9). The number of employees at the financial year ended 31 December 2020, including ten directors, was 18 (2019: 18).

6. Directors remuneration Aggregate emoluments paid to or receivable by directors in respect of qualifying services Compensation paid or payable, or other termination payments, in respect of loss of office to directors of the company in the financial year

2019 2018 € € 38,200 35,362 _________

_________

The National Dairy Council | Annual Report 2020

7. Taxation Based on the surplus for the financial year: Taxation charge

2020 2019 € € 29 21 _________

The effective tax rate for the financial year is higher than the standard rate of corporation tax in Ireland, which is 12.5%. The differences are explained below: Surplus for financial year before taxation

Surplus for financial year multiplied by standard rate of corporation tax of 12.5% (2019: 12.5%)

Effects of:

Net income and expenditure not subject to taxation Higher tax rates on interest Total tax charge for year

2020 2019 € € 1,210,197 595,773 _________ 151,275

74,472

(151,275) (74,472) 29 21 _________ 29 21 _________

The National Dairy Council is chargeable to taxation on bank and other interest.

8. Tangible Assets Computer Office Equipment Equipment Total € € € Cost: At 1 January 2020 35,910 19,774 55,684 Additions 1,771 2,928 4,699 Disposals - - At 31 December 2020 37,681 22,702 60,383 Depreciation: At 1 January 2020 21,580 19,079 40,659 Charge for the financial year 6,191 1,020 7,211 On disposals - - At 31 December 2020 27,771 20,099 47,870 Net book value: At 31 December 2020 9,910 2,603 12,513 At 1 January 2020 14,330 695 15,025

30 The National Dairy Council | Annual Report 2020

9. Debtors: (Amounts falling due within one year) 2020 2019 € € Grants receivable Prepayments VAT recoverable

153,659 327,284 422,495 307,010 1,191,728 851,298 _________ 1,767,882

1,485,592 _________

Grants receivable represents qualifying expenditure incurred for which claims will be made after the balance sheet date. The company has a VAT recoverable balance of €1,191,728 at 31 December 2020. See Note 2 for further detail.. 10. Creditors: (Amounts falling due within one year) Trade creditors Accruals Sundry creditors PAYE/PRSI Corporation tax 11.

2020 2019 € € 261,390 261,390 424,729 424,729 436 436 38,904 38,904 32 32 _________ 725,491 725,491 _________

Financial instruments The carrying values of the company’s financial assets and liabilities are summarised by category below:

2020 2019 € € Financial assets Measured at undiscounted amount receivable Grants receivable (Note 9) 153,659 327,284

Financial liabilities Measured at undiscounted amount payable Trade creditors (Note 10) 190,201 261,390 Sundry creditors (Note 10) 513 436

12. Pension

The company operates a defined contribution pension scheme. Contributions payable in respect of the financial year ended 31 December 2020 amounted to €63,413 (2019: €51,209). There were no pension contributions outstanding at the financial year end (2019: €Nil).

The National Dairy Council | Annual Report 2020

13. Commitments

Guarantees

The company is a member of the GEIE European Milk Forum, a grouping set up to promote dairy products throughout Europe. The company, in conjunction with the other nine members of the forum, has provided a guarantee in relation to any commitments of the forum to third parties which remain outstanding following liquidation of the forum. Disclosure of Bank guarantees:

The company has entered into bank guarantees in the normal course of business. The amount outstanding at the balance sheet date was €250,000 (2019: €524,700). 14.

Contingent liabilities

The company is in receipt of grant funding in advance from the Department of Agriculture, Food and the Marine in its normal course of business. The amounts received in advance would have to be returned should the Department deem them to be repayable. The amount at the balance sheet date was €267,559 (2019: €294,153). On 25th January 2021 the Revenue Commissioners wrote to the company stating that VAT repayment claims previously refunded are not allowable and therefore arrangements are being made to issue VAT assessments for the recovery of the VAT reclaimed. The value of these claims is €678,927. This matter is currently under appeal to the Tax Appeals Commission. The claims previously refunded would have to be repaid to the Revenue Commissioners should the company lose this appeal. 15.

Related party transactions

Certain directors of the company are also directors of the co-operatives from which the company receives voluntary levy income and other income. The total voluntary levy income and other income received in the normal course of business from these co-operatives amounted to €2,373,387 (2019: €2,238,377). The total expenses payable to these co-operatives relating to their participation in the School Milk Scheme programme amounted to €265,332 (2019: €392,210). The amount outstanding at the balance sheet date was €78,244 (2019: €188,620). The total expenses claimed by these directors for the financial year ended 31 December 2020 amounted to €1,557 (2019: €5,615). The directors held 6 meetings during the financial year ended 31 December 2020 (2019: 7 meetings). Key Management Personnel

The total remuneration for key management personnel for the year totalled €290,817 (2019: €284,402), which is included in the total remuneration disclosed in Note 5. 16.

Events after the balance sheet date

On 25th January 2021 the Revenue Commissioners wrote to the company stating that VAT repayment claims previously refunded are not allowable and therefore arrangements are being made to issue VAT assessments for the recovery of the VAT reclaimed. The value of these claims is €678,927. This matter is currently under appeal to the Tax Appeals Commission.

32 The National Dairy Council | Annual Report 2020

Bainne Codladh Ltd. Arrabawn Co-operative Society Ltd. Aurivo Co-operative Society Ltd. Bandon Co-operative Agricultural & Dairy Society Ltd. Barryroe Co-operative Ltd. Boherbue Co-operative Ltd. Callan Co-operative Agricultural & Dairy Society Ltd. Centenary Thurles Co-operative Society Ltd. Clóna Dairy Products Ltd. Glanbia Ingredients Ireland Ltd. Kerry Co-operative Creameries Ltd. LacPatrick Dairies Ltd. Lee Strand Co-operative Creamery Ltd. Lisavaird Co-operative Creamery Ltd. Mullinahone Co-operative Dairy Society Ltd. North Cork Co-operative Creameries Ltd. Ornua Co-operative Ltd.

The National Dairy Council wishes to thank its member co-ops and associate members for their continued support, ensuring the long-term success of NDC dairy marketing campaigns and initiatives.

Tel: +353 1 290 2451 Email: hello@ndc.ie Web: www.ndc.ie

National Dairy Council Annual Report 2020

Articles inside

A Taste of 2020

Chairman’s Statement

CEO’s Statement