BRIDGEND COUNTRY SHOW LIMITED REPORT OF THE TRUSTEE FOR THE YEAR ENDED 30 SEPTEMBER 2024 REGISTERED COMPANY NUMBER: 14015784 REGISTERED CHARITY NUMBER: 1071196 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 FOR BRIDGEND COUNTRY SHOW LIMITED BRIDGEND COUNTRY SHOW LIMITED REPORT OF THE TRUSTEE FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustee (a Company Direttor of the Charity whose company directors are known as trustees for the purposes of the Companies Att 2006) presents his Report with Financial Statements of the Charity for the year ended 30 September 2022. The Trustee has adopted the provisions of Accounting and Reporting by Charities," Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 Jan 2015). OBjE￿IVEs AND ACTIVITIES Objectives and aims. The principal aims and objectives are to promote. organise and stage the Bridgend Agricultural Show by a) Actively seeking to encourage a diverse variety of events and interests within the broad sphere of agricultural and other rural activities b) Holding regular meetings for discussions as to the setting up, financing, and running of the Show and c) Planning, setting up, staging, and running the Show and organising and holding other fundraising events in aid of the Show The events held by the Charity and the Show are open to the general public and are undertaken to further the Charity's charitable purposes for the public benefit. ACHIEVEMENT AND PERFORMANCE 2024 saw Bridgend Country Show find a more permanent home back in the borough of Bridgend. Land owned by Jonathan Tudor and previously used by the Show was once again utilised by the Show with huge success. Another show ground, another set of logistics, further planning but we received over 11,OQK) visitors over the 2 days, the weather was kind and feedback was good. Costs as always were high, but at the end of the financial year we had a small profit We anticipate being able to continue with the venue for the foreseeable future, giving us the opportunity to build on thi5 yearfs success. BRIDGEND COUNTRY SHOW LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 FINANCIAL REVIEW Reserves poli The unrestricted Funds represent a realistic level of reserves for future levels of expenditure. It is the intention of the charity to build this up to a reasonable level to avoid any uncertainties in the future. The level of reserves will be monitored where any changes in income or expenditure are expected. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company is governed by Its Memorandum and Articles of Association. Recruitment and appointment of new trustees The company recruits its Directors and Trustees from all areas of the local community. Nomination5 are open to everybody and made at the companvs Annual General Meeting. A vote is taken by all members present by a show of hands, with a simple majority allowing appointments to be made. The company's principal office 15 Sandringham House, Cemetery Road, Bridgend. CF31 ILY REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number 14015784 Reglstered Charlty Number 1071195 Registered Office Sandringham House Cemetery Road Bridgend CF31 ILY Directors Elizabeth Gibbs Murray Gillian Dowling Company Secretary Bankers Nat West Bank Adare Street Bridgend Approved by order of the board of trustees on the 25th March 2025 and signed on its behalf by: BRIDGEND couwfRY SHOW LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 3010912024 3010912023 Unrestricted Unrestricted fund fund Notes INCOME AND ENDOWMENTS Other trading activities Other income 44,431 7,510 51.941 39,715 Total 39,715 EXPENDITURE ON Raising Funds Charitable activitles Country Show 39406 30,463 12110 10,692 Total 51,516 41,155 NET INCOME 42S -1,440 RECONCIUATION OF FUNDS Total Funds brought forward 203 1,643 TOTAL FUNDS CARRIED FORWARD 628 203 BRIDGEND COUNTRY SHOW UMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 BRIDGENO SHOW BALANCE SHEEr AT 30SEPTEMBER 2024 30109124 30109123 Unrestricted Fund Unrestricted Fund Notes FIXED ASSETS Tangible assets CURRENT ASSErs Stocks Debtors Cash at bank and in hand 120 1,118 4,224 1,238 4,284 CREDITORS Amounts falling due within one year 958 4,529 NEf CURRENT ASSErs 280 -245 TOTAL ASSEfs LESS CURRENT LIABILITIES 628 203 NEfASSETS 628 203 FUNDS Unrestricted Funds io 628 203 TOTALFUNDS 628 203 The charitable company is entitled to exemption from audit under Settion 477 of the Companie5 Act 2006 forthe year ended 30 September 2024. BRIDGEND COUNTRY SHOW LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006. The trustee5 acknowledge their responsibilities for (a) ensuringthatthe charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitsble companv. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies. The financial statements were approved by the Board of Trustees on the 25th March 2025 and were signed on its behalf bv.. L th6bs. M E Gibbs-murray G Dowling BRIDGEND COUNTRY SHOW LIMrfED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements. The financial statements of the charitable cornpany, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102> 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective I January 2015) l Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and theCompaniesAct 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be received, and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there 15 a legal or construttive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to heading5, they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated seful Ilfe. Fixtures and fittings - 20% on cost Stocks Stocks are valued at the lower of c05t arbd net realisable value, after making due allowance for obsolete and slow-movlng Items. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise whenspecified bythe donororwhen fundsare raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing Commitments. Rentals paid under operating lea5e5 are charged tothe Statement of Financial Activitie5 on a straight-line basis over the period of the lease. BRIDGEND COUNTRY SHOW LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Financial instruments The charity only ha5 financial assets and financial liabilities of a kind that qualifies as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. BRIDGEND COUNTRY SHOW LIM￿ED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEFrrEMBER 2024 OTHER TRADING AcfiviTIES 3010912024 3010912023 Charitable trading income Sponsorship Membership Donation5 40,611 1.790 30 34,335 30 2,(MJO 5,350 44,431 39,715 RAISING FUNDS Raising donations and legacies 3010912024 3010912023 Field costs Judges, expenses Showing Expenses Sundry expenses Advertising Administration Costs 39406 1688 5687 350 30,463 976 7,050 585 1906 266 141 209 49303 39,425 NEf INCOME/(EXPENDITURE) Net income/{expenditure} is stated after charging/(crediting) 3010912024 3010912023 Depreciation - owned assets Finance Costs Professional Fees Insurance loo 80 232 52 73 350 1,255 1,730 1,801 2,213 5. TRUSTEES, REMUNERATION AND BENEFITS There were no trustee's remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023. BRIDGEND COUNTRY SHOW UMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Trustees. expenses There were no trustees, expenses paid for the year ended 30 September 2024 nor for the year endod 30 September 2023. BRIDGEND COUNTRY SHOW LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Fixture5 and fittings Flxed Assets COST at l October 2023 Additions at 30 September 2024 500 DEPRECIATION at l October 2023 52 at 30 September 2024 100 152 NEf BOOK VALUE 348 Stocks Paper,envelopes,ink DEBTORS:AMOUNTS FALUNG DUEWIThIN ONE YEAR Other debtors 120 60 CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR Other Creditors 958 MOVEMENT Ihl 10. FUNDS Net movement At 01.10.23 At 30.09.24 in funds Unrestrirted funds General fund 203 425 628 203 425 628 BRIDGEND COUNTRY SHOW LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 September 2024 The company 15 controlled by the trustees/directors.