Company registration number.. 02756660 Charity registration number.. 1014974 HOLSWORTHY AND STRATTON AGRICULTURAL ASSOCIATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 ACCOUNTANCY AB A¢¢ounlancy Office 19 Manor Offices North Road Holsworthy Devon EX22 6DJ
Holsworthy And Stratton Agricultural Association Contents Page Trustees, Report Independent Examiner's Report Slalemenl of Financial Aclivrties lincluding Income and Expenditure Account) Balanee Sheet 7-8 Notes lo the Financial Statements 14 The followin9 pages do not fom part of the statutory accounl$'. Detailed Slalemenl of Financial Activitie$ lin¢luding Income and Expendrture Aceounll 116
Holsworthy And Stratton Agricufturnl A$slatI0Th Company No. 02756ts60 Trustws. Roport For The Year Ended 31 October 2025 The trustees present their report arKJ the financBI stemenls for the year ended 31 October 202S. Objectives and A1¥11103 Alms and OblectiVg¥ The principle aclivty of the Asswalion is Ihe hokling of an annual l¢xal agul1Vr show for the benefit of the public in the local and surrounding aa5. The annual $h¢)w Iccuse5 on agncumural education and rural life including sh¢)wca$ing a wide range of agnculiural and non-agncuttural businesses. The Chanty makes use of around 90 volunleors wlK> aswst at the shN. The Irustegs arè very grateful for their support. The Iw¥lee$ have paid duo regard to guthnce by the Ch8nty Commissn In deciding what actwrties the charity shJk1 undertake. Publlc B•nofft The advan¢èment of agricumure and horticulture for thé benefft of the Publ in the l¢xal and surrounding arna8 and to support and assisl such other Charrtab InststutnS or pur105 as Ihe copmany shall from time lo lime delemine. The Iruslees confirni Ihal they have ¢pIled wth the requirements of SectK)n 17 of the Charit$ Act 201110 have due regar¢J to the Chanty Commission's guidance on public benefrt. Achlev•ments and Porformnc• Addltlonal No¢• The re5uKs for the year ale as stated In Ihe atth8 finafteI statements. A net surplus of £15.298 wa8 generated this year12024.' £20.888 Su1$). During the year the Charrty aCcnd bank interesl lotalling £14.33412024". £9.3481 Net current a$set$ al the year end totalkd £340.986. wrth tolal net assets of £762,10912024.. £346.377 net current assets. £746.811 net assetsl Fln*nclal R•vlew R•sèThiM Pollcy 1118 the policy of the charity Ihal unrestn"cteil fvrKls have rKA teen designated for a specrfic use shoukl be maintained at a level equivalent lo befven three and six mnlh's expendrtufe. The trustees consider that reserves al this level will ensure that. in the event of a siqnrficant drop In funding. they will be able to continue Ihg charity's current activities whib consideration Is given lo way5 in whh additn81 funds may be raised. This level ol reserves has been maintained Ihfoughoul the year. Structurn. Governance •nd M•n•gem•nl Gov•rnlng Document The chanty Is a Charitab company limrted by guaranlee. irK>yporaled on 16 October 1992. It Is govemgd by a memorandum and arti¢les tsf association dated 16 Oclobèr 1992. The directors control the ASsocialn and make dwsions whTrch are put into effect under the supefwsion of appropriate su]mmrtlees. The secretary cames out the adminislralive duties of the Association. Page 1
Holsworthy And Stratton Agricuttural Association Truste. Report Icontinuedl For The Year Endgd 31 October 2025 Refgrence and Admlnlstratlv• C)•tails Trustees Mr N C Furse (resigned 04112120251 Mr J M Bntton Mr A R Mrtehell Mr A K Hulchings Mr R A Symons Mr R G Griffin Mrs S R Beams Mrs A L Blackman Iresyned 04112r20251 Mrs K C Bowden Mrs S J 8owden Mr G R Braund Mr S W 8raund Mr 8 S Brid9man Mr M W Bromell Mrs C J Buckpitt Iresyned 10111r20251 Mr N L Cleave MrRGCole Mr P J Cottle MrJEDaw Mr J W Dennis Mr M J Dennis Mr T W Denni$ Mrw AGri99 Mr A J Grills Mr P J Hawking Mr J P Hobbs Mrs W E Hodgson Mrs N J Howard Mr G C Johns MrJGLey Ms L Lucas Iresigned 10111r2025} Mr O R Manfield MrAJMatyn Mr A J Medland Mr H J Medland MrMJMill Mr C R Rowland Mrs C H Sluckey MrA E Stanbury Mrs K Slanlake Mr J R Shepherd Mr O Pelherick MrTJWard Mr W M Northcott Mr D R¢)wlands Mr I S Rolinson Mr R W Pilman Mr J W Vanstone MrPHReed Mr R D Nancekivell Mr R S Priest Mrs D M Stevens lappoinled (1r2025) Pa99 2
Holsworthy And Stratton Agricultaral Assoclatlon Trustees. Report (continued For The Year Endod 31 Octobèr 2025 Charlty Number 1014974 Company Number 02756660 Principal Address Higher Pigsdon Farm Laun11$ 8ude Cornwall EX23 9LQ Registered Offic Higher Pigsdon Fami Launcells Bude Cornwall EX23 9LQ Independent Examiner David Buckprtt FCCA AB Accountancy Office 19 Manor Offices North Road Holsworthy Devon EX22 6DJ Bankers Nahvesl Holsworthy South West RCSC 740 Waterside Drive Almondsbury Sollcitors Peter Peter & Wn'ght 6-8 Fore Street Holsworthy Page 3
Holsworthy And Stratton Agricultural AsslatIon Trustees. Report Icontinuedl For The Year Ended 31 October 2025 Small Company Rules This report has been prepargd in accordance wrth the sptt41 provisn$ relating to c(vnpan*s subject lo the small coMpanS regime within Part 15 of the C¢ynpans Act 2. The trustees. report was approvgd ty the ly)ard of truV.è¥ and syned on rt$ behalf by.. Mr W M Northcott Mr I S Rolinson Trustee Tnjstee Date 41iz/x< Page 4
Holsworthy And Stratton Agrlcultural Association Indeptrnd•nt Examinerfs Report to the Trustees of Holsworthy And Stratton AgriCUural Association For Th8 Year Ended 31 October 2025 I report lo the eharty Iruslees on my examination of the accounts of the Company for the year ended 31 October 2025. Responsibilities and 8ayis of Report As the charity Iruslees of the Company land also rts directors for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Acl'l. Having satisfied myself that the accounts of the Company are not required lo be audrted under Part 16 of the 20C6 Act and are eligible for Independent examination. l port in respect of my examination of YOUT charity's accounts as carried out undef section 145 of the Chanties Act 2011 I'lhe 2011 Ad'l. In carrying out my examination I have followed the Dirli9nS given by the Charity Commission under section 145151 Ib} of the 2011 Act. Independent Examinerfs Statemanl I have completed my examination. l confimi th* no matters have come to my attention in connection with the examination giving me cause lo believe.. 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act", or 2. the accounts do not accord with those records,. or 3. the accounis do not comply with the accounting requirements of section 396 of the 2006 Ael other than any requirement that the accounts give a 'lrue and fair view. which Is not a matter considered as part of an Independent examination". or 4. the a¢wunls have not been prepad in accordance with the methods and principles of the Slalemenl of Recommended Practice fcsr accounting and reporting by charities applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021. I have no concerns and have come across no other matters in connection wrf(h the examination to which attention should be drawn In this report in order lo enable a proper understanding of the accoun15 to be reached. David Buckprtt FCCA Dale 4 Iiz/2r Office 19 Manor Offices North Road Holsworthy Devon EX22 6DJ Page S
Holsworthy And Stratton Agricultural Association Statement of Financial Activities lincluding Income and Expendlture Accounti For The Year Ended 31 October 2025 2025 2024 Unrestricted Unrestricted funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charrtable adivilies.. Activities in furtherance of the Charity's objectives Activities for generating funds Investments Other 1,670 2.012 102,353 1,105 14,334 632 104.696 852 9,348 2.LK85 120.094 118.973 EXPENDITURE ON.. Charitable activrties.. Aetivilie5 in furtherance of the Charty's objectives 1104.7961 198,0851 NET INCOME 15.298 20,888 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 15.298 20,888 746.811 725.923 TOTAL FUNDS CARRIED FORWARD 14 762.109 746,811 The notes on pages 9 to 14 fom part of these financial slalements. Page 6
Holsworthy And Stratton Agrlcultural Association Balance Sheet As At 31 October 2025 2025 2024 Unr8Strictod Total funds funds Notes FIXED ASSETS Tangible Assets 10 421,123 400,434 421.123 400,434 CURRENT ASSETS Stocks Debtors Cash al bank and in hand 11 520 1,135 450 749 343.089 346,353 12 344.059 348.237 Creditors: Amounts Falling Due Within One Year 13 13,0731 11,8601 NET CURRENT ASSETS ILIABILITIESI 340.986 346.377 TOTAL ASSETS LESS CURRENT LIABILITIES 762.109 746.811 NET ASSETS 762.109 746.811 FUNDS OF THE CHARITY Unreslricled Funds 762.109 746,811 TOTAL FUNDS 14 762.109 746,811 Page 7
Holsworthy And Stratton Agricultural Association Balance Sheet (continued) As At 31 October 2025 For the year ending 31 Odober 2025 the charitsble company was entitlgd to eXeMpln from audrt under section 477 of the Companies Act 20C6 relating lo small CoMpans. The members have not required the charrtable company lo obtsin an audrt in ardance wrth section 476 of the Companies Act 20. The Iruslees acknowledge Ihwr responsibil.$ for comptying Wrth the rg]uirennls of the Act with fespecl lo accounting records and the preparatn of accounts. These accounts have been prepafed in xcordancé wrth the provisions appluble to compan$ subject lo the small eornpanie5 regime. On behaw of the board l.:tt:Jl Mr W M Northeott Mr I S Rolin8On Trustee Dale Trustee 1112lzf The note8 on Pa9 9 to 14 fomi part of these ffinanoal stémenls. Page 8
Holsworthy And Stratton Agricultural Association Notes to the Flnancial Statements For The Year Ended 31 October 2025 1. Gèneral Information Holsworthy And Stratton Agricuttural A550eialion is a company limited by guarantee, incorporated In England & Wales. registered number 02756660 and re9islered charty number 1014974. The registered office is Higher Pigsdon Farm. Launcells. Bude. Cornwall, EX23 9LQ. 2. Accountlng Poli¢l•i 2.1. Bas1$ of Prèparatlon of Flnanclal Stat•m•nts The financial statements have been prepared in accordan wrth the Charities SORP IFRS 1021 'Accounting and Reporting by Chafilies. Slalemenl of Recommended Practice applicable lo charities Preparing their accounts In accordance with the Financial Reporting Standard applicable In the LIK and Republic of Ireland IFRS 1021 leffedivg 1 January 20191" Financial Repnrting Qlandard 102"The Financial Reporting Standard applicabl8 in th6 UK and Republic of Ireland" and the Companies Act 2006. The charitable company is a Public Benefrt Enlty as defined by FRS 102. 2.2. Incomlng RMourc•• In¢ome is recognised when th¢ charity is legally enlilled lo il after any perfofman¢e eondilion8 have been mel, the amounts can bg measured reliably. and il is probable that income will be received. Cash donations are recogn15ed on receipl. Other donations are recognised once the charity has been notified of the donation, unles5 perfomance conditions require delefral ol the amount. Income tax recoverable in relation lo donations received under Gift Aid or d¢eds of covenant is recognisod al the lime of the donation. Legacies are recognised on receipt or olheFwi58 if the charity has been notified of an impending dislribulion. the amount Is known, 8nd recoipl is expected. If the amounl Is not known, the legacy is Irealed as a conlingenl asset 2.3. R•sourc•• Expond•d Expendilurg 1$ re¢ogni80d once there is a18gal or ¢on8tructive obligation lo transfer économic benefit lo a third party. Il Is probable that 8 Iransfor of economic benefit8 will be required in $èttlemenl, and the amount of the obligation can be meaBured reliably. Expenditure is ¢las$ified by activity. The costs of each adivty are made up of the lolal ol dir•ct co$1¥ and sharod costs, Including support costs involved in unts¢itakin5 each activity. Direct costs attributable lo Single activity are alloc81ed directly to that activity. Shared co818 which conlribulo to more than one activity and support costs which are not attributable lo a single activity are apportioned between those aclivilie6 on a basis consistent with the use of resources. Central staff costs are allocated on the ba818 of lime spent. and depreciation char9e$ a allocated on the portion of the asset's use. 2.4. Tanglbl• Flxod As8•ts and Dèproclatlon Tangible fixed assets are measured al cost less accumulated dèpreeialion and any accumulated impairment losses. Depreciation is provided 81 rates calculated lo write off the cost ol the fixed assets. less their eslim*ed residual value, over their expected useful lives on the following bases." Freehold Leasehold Fixtures and fittings Trophies Computer Equipment No depreciation SO'A straight line (field tracks onlyl No depreciation No depreei8lion 200A reducing balance Page 9
Hol$worthy And Stratton Agricultural Association Notes to the Flnancial Statements Icontinuedl For The Year Ended 31 OCtor 2025 2.5. Stocks and Work In Progress Stwks and work In progress are valued al the lowef of cost and nel realisable value aftef making due allowance for obsolete and slow-moving stocks. Cost is determined using tho firsl-in. firsl-out method. Cost includes all direct costs and an appropriate proportion of fixed and Variab overheads. Work in progre¥s is refleded in the aount9 on a contract by contrad basis by recording lumovef and related costs as contract activity progresses. Al the end of each reporting period stocks are assessed for impairment. If an Item of $lo¢k Is impaired. the identified stock 15 reduced lo Ils sèlling price lèss c051s lo complete and sell and an Impairment char9e 15 recognised in the slalemenl of financial activities. Where a reversal ol the impairment is required the impaimienl charge Is rever$8d. up to the original impairrnenl loss, and Is recogniwl os a ¢redil In the statement ol financial adivilies. 2.6. C••h and Cash Equlv•l•nts Cash and eash èquivalents are basic financial assets and inclLsde cash in hand and depogils held al call wrth bank5, other 5hort-lem highly liquid investments that mature in no more than three months from the dale of a¢quisilion and are readily ¢onvertiblè lo a kn¢)wn amount ol cash with insignificant risk of change in value. and bank ovgrdrafts. 2.7. Flnanclal In8truments The charrty has elected lo apply the provisions of Section 11 'Ba8ic Financial Instruments. and Section 12 'Olher Financial Instruments Issues. ol FRS 102 to all of ils financial Inslrumenls. Financial instruments are recogni80d in the chafity's balance sheet when tho charity become$ party lo the conlraclual provisions of the inslTumgnl. Financial assèts and Iiabililie6 are offset. with the nel amounts presented in the financial statements. whon there is a legally enforceable right lo sel off the recognised amounts and there 15 an intention lo settle on a nel basis or lo realise the asset and settlg tho liability simultaneously. Baslc flnancl•l •ssets Basic financial assets, which include debtors and cash and bank balances. are inilialty measured al transaction price including transaction costs and are subsequontly carried at amortised cost using the 8ffectNe interest method unless the arrangement con51ilutes a finaneing transaction. where the transadion 18 measured al the present v81ue of the future receipts discounted al a market rale of interest. Financial a55el$ da$$if1ed as receivable within one year are not amortisgd. Baslc nnanclal IlablllUe¥ Basic financial liabilities, Including creditors and bank loans are initially recognisgd al Iranyaelion price unle$$ the arrangement eonslilules a financing transaction, where the debt instrument Is measured al the present vllue of the future payments discounted at a market rale ol Inlere$l. Financial liabilities classified as payable within one year are not amortised. Trade credrtors are obligations lo pay for goods or services that have been aequired in the ordinary course of operations from suppliers. Amounts payable are classif1ed as current liabilitie6 if payment is due wrthin one year or less. If nol. they are presented as non<urrenl Iiabililies. Trade creditors are recognised Initially al transaction price and subsequently measure(l at amortised cost using the effective interest method. Dèrecognltlon ol flnanclal Ilabllldes Financia1 liabilities are derecognised when the charity's conlraclual obligations expire or arè discharged or Cancelled. Page 10
Holsworthy And Stratton Agricuftural Aociation Notes to the Financial Statements Icontinuedl For The Ygar Ended 31 October 2025 2.8. Taxation The charrty is exempl from lax on income and gains falling within seelion 505 of the Taxes Acl 1988 or Section 2S2 of the Taxalionof Chargeabl8 Gains Act 1992 to the extent that these are applied lo ils charrtable obiecls. 3. Income from DonatlonB and L•gacle¥ 2025 2024 Unrestrlcted Unrestrlcted fund¥ fund• Donations and grfts Member subscriplion8 and $ponsorships 20 1,650 337 1,675 1,670 2.012 4. Invostm•nt Incom• 2025 2024 Unrgstrlcted Unrestrlcted funds fund• 8ank interest receivable 14,334 9,348 5. Other Incom• 2025 2024 Unrostrlct•d Unrostrlcted fund¥ fundj Sundry income 632 2.06S 6. Not IncomellExp•ndlturel The net income is Slal¢d aft¢1 ch8rgingllcredrting1.. 2025 2024 Depreeialion ol tangible fixed assets - owned 192 Page 11
Holsworthy And Stratton Agriculiural Association Notss to the Financial Statements Icontinu¢dl For The Year Ended 31 October 2025 7. Analysis of Expendriurn 2025 Activlll•s Support undertaken COSts directly (see note 81 Total Activf(ies in furtheran of the Charrty's obJ"ectwes 77.530 27.266 104,7 2024 Activities Support undertaken costs dirg¢tly (see note 81 Totsl Activrties in furtherance of Ihe Charty's obJ"e¢tives 70.676 27,409 98,085 8. Support Costs 2025 Activities in fvrtherance of the Charity. objectives Employee costs General administration Depreciation 14,083 12,991 192 27,266 2024 Activities in furtheran¢e of the Charity's objectives Employee costs General administration 13,756 13.653 27,409 9. Average Number of Employee¥ Average number of empknyee5 during the year was." 1 12024." 11 P?ge 12
Holsworthy And Stratton Agricultural ASSlatIOn Notos to the Financial Statements Icontinu•d) For The Year Ended 31 O¢tob•r 2025 10. Tangible Assets Land & Prop•rty Fmhold Fixturns and ffftings Trophl•# Computer Equipment Total Cost As al 1 November 2024 Additions Disposals AS al 31 October 202S 387,961 19.921 1S,397 11.411 6,526 421.295 20.881 {1.4621 11,4621 407.882 1S,397 11.411 6.024 440.714 D•pr•ci•tlon As al 1 November 2024 Provided during the period Disposals 14.335 8.526 192 11.462) 20.861 192 11,4621 As at 31 October 2025 14,335 5,256 19,591 Net Book Value As al 31 Octobef 2025 393.547 15.397 11.411 421,123 As at 1 Novemhi 2024 373,626 15.397 11,411 400,434 11. Sto¢ks 2025 2024 StLxk 520 1.13S 12. D•btorn 2025 2024 Due wlthln one year Trade deblors 450 749 13. Creditorn.. Amounts Falllng Du• Wlthln On• Yur 2025 2024 Trade credrtors Accruals and deferred InMe 1.483 1,590 1.860 3.073 1.860 Page 13
Holsworthy And Stratton Agricuttural Association Notss to the Financial Statements Icontinuedl ForThe Year Ended 31 October 2025 14. Movement in Funds Asat1 November 2024 Asat31 October 2025 Income Expenditure Unrestricted funds General.. General unrestrted furKI 746.811 120.094 1104.7%) 762.109 Total funds 746,811 120.094 1104.796} 762.109 Asat1 November 2023 Asat31 October 2024 Inme Expendhure Unrestdcted funds General." General UnreStrted furKI 725.923 118.973 (98.0851 746.811 T¢)tsl funds 725.923 118.973 {98.0851 746,811 15. Transactions with Trustees None of the trustees receNed any TemUnefn or any other beneffts frcmn an employment wfth the charity or a related entty dunng the current or preVu$ yeai_ No trustee expenses have been incurred. 16. Relat Party Disclosures There have been no related party tran5ath.ons iii tl:e rwortir,g per that require disdosure. 17. Controlling Parties The company was controlled throughout Ihis and the prewous year by rts dirKtors. The present directOTS are as listed on page 2 Page 14
Holsworthy And Stratton Agricultural Association Detailed Statement of Financial Activities lincluding Income and Expenditure Aecountl For The Year Ended 31 October 2025 2025 2024 Total fund$ Total funds INCOME AND ENDOWMENTS FROM.. Donations and legacies Donations and gifts Membership fees 20 1,650 337 1,675 1,670 2,012 Charitable Activities.. Activities in furtherance of the Charlty's objectlves Collectors lickel sates Livestock entry fees Trade stand entry fees Sponsorship & donations Gale money & advanced lickel sales Food premiums Bar sales S,705 4.583 24,672 8,069 45.287 7.300 6.737 5,448 3.376 23.763 9,750 42.881 8.375 11,103 102,353 104.696 Activities for generating funds Grass keep and rent 1.105 852 1.105 852 Investments Bank interest receNab 14.334 9,348 14.334 9,348 Other Sundry income 632 2.065 632 2.065 120.094 118,973 EXPENDITURE ON.. Charitable Activities.. Activities in furthorance of the Charity's objectiv Opening stock and work in progress Rosettes and prize money Hire of labour & other equipment Toilet Hire Marouee hire Flower tent Attractions Medical attendance 11.1351 18,8471 {7.8911 15,9491 123,4491 15171 13,6951 12,0791 11,179} 17.458} 16.7741 14.4951 121.7951 12411 16,3791 12.5501 ..CONTINUED Page 1S
Holsworthy And Stratton Agricultural Association Detsiled Statement of Flnancial Activities lincludlng Income and Exponditurg Account) leontinuedl ForThe Year Ended 31 October 2025 Catering expenses Shuttle bus hire Bar expenses W*er Website & sothvare costs Gale and traffic stewards Office expenses including pnnting and postage Marketing and advertising costs Sundry Closing stock and work in progS$ Card charges SeClan81 services Rent & rates Repairs. renewals and maintenance Insurance Association of sh¢)w & agricultural conference fees Telephone Accountancy fees Bank charges Charitable donations Depreciation 13.6181 11.4001 14.6501 12031 13.CJ421 11.6501 14.4941 11.3611 {2,8161 520 11,2541 114,0831 11,4001 15.8201 13,1991 12,2901 11,3501 12,9181 11691 12.8531 11.6501 13,7731 11.5461 13,1561 1,135 11,235 113,7561 11,4001 15,5601 12,9341 13331 14161 12.2451 13151 14501 14141 11.5901 14451 11231 11921 1104.7961 198,0851 1104.7961 198.0851 NET INCOME 15,298 20.888 Page 16