**Nidderdale Agricultural Society (a company limited by guarantee)**
## **Trustees report and unaudited financial statements**
**for the year ended 30 November 2024**
**Company no: 00214545 Charity no: 1080890**
## **Nidderdale Agricultural Society**
## **(a company limited by guarantee)**
## **Financial Statements**
## **for the year ended 30 November 2024**
## **Contents**
||**Page**|
|---|---|
|Legal & administrative information|**1**|
|Trustees report|**2 - 3**|
|Independent examiner's report|**4**|
|Statement of financial activities|**5**|
|Balance sheet|**6 - 7**|
|Notes to the financial statements|**8 - 15**|
|Income and expenditure account|**16**|
## **Nidderdale Agricultural Society**
## **(a company limited by guarantee)**
## **Legal & Administrative Information for the year ended 30 November 2024**
|Charity name|The Nidderdale Agricultural Society Limited|
|---|---|
|Company Number|00214545|
|Charity Registration Number|1080890 (England & Wales)|
|Registered Office|The Lodge|
||Pateley Bridge|
||Harrogate|
||North Yorkshire|
||HG3 5BD|
|Trustees|J. Fort|
||F.D Smith|
||K. Hardcastle|
||T.A Stoney|
|Secretary|S. Monk|
|Independent examiners|The Barker Partnership Limited|
||Chartered Accountants|
||24 High Street|
||Pateley Bridge|
||North Yorkshire|
||HG3 5JU|
|Bankers|Barclays Bank plc|
||1 Churchill Place|
||London|
||E14 5HP|
**Page 1**
## **Nidderdale Agricultural Society**
## **(a company limited by guarantee)**
## **Trustees Annual Report for the year ended 30 November 2024**
## **Constitution**
Nidderdale Agricultural Society Ltd was formed under a memorandum & articles of association on the 22nd June 1926 and this was amended by a special resolution dated 9th March 2000.
The company has no share capital and is limited by guarantee. On the 25th May 2000, the Nidderdale Agricultural Society Ltd was accepted as a registered charity. In accordance with the Articles of Association, the members of the Council retire at the Annual General Meeting but, being eligible, offer themselves for re-election.
## **Objectives & activities**
The charity looks to promote agricultural, horticulture & other kindred arts and interests (including the breeding and rearing of domestic animals of all kinds, and the provision of implements, appliances, manure's, foods, medicines and other things used, directly or indirectly, in connection with agriculture, horticulture, or the breeding or rearing of domestic animals) by any means from time to time considered desirable and in particular to do all of the following things - but not limited to them, namely:
To promote & hold shows, competitions, lectures, classes & meetings, to give prizes, cups, medals, awards and distinctions, to make experiments and tests, and acquire by any other means, knowledge in connection with agriculture and horticulture & other kindred arts & interests (including as aforesaid), and to prepare and issue text books, newspapers, magazines, circulars, catalogues and reports to members of the Society and others.
## **Achievements & performance**
During the year, the Society sought to meet costs by allowing caravan clubs, local organisations & other clubs/groups to hold rallies, car boot sales & events on the grounds owned by the Society. In addition to this, the Society charges rent for vehicles to park in the car park.
As usual, the centre piece for the Society is hosting the annual Nidderdale Agricultural Show. The Show was held on Sunday, 22nd of September 2024, and with the rain holding off until late into the day, the Show was a great success, wth a substantial gate aided by visitors attending.
To meet costs, the Society raises money by offering sponsorship & advertising opportunities, trade stand spaces, competitive classes & catalogues. In addition to this, the Society charges a subscription to members and charges an entrance fee to members of the public on Show Day.
## **Financial Review**
A summary of the results of the year's activities is given on page 16 of the accounts. The charity reports a surplus of £18,746 (2023 surplus of £4,560)
**Page 2**
## **Nidderdale Agricultural Society**
## **(a company limited by guarantee)**
## **Trustees Annual Report for the year ended 30 November 2024**
## **Reserves policy**
The trustees have examined the charity's requirements for reserves in light of the main risks of the charity. In the event of a cancellation of a Show day or extreme weather conditions, as has happened in the past, the charity will lose a substantial proportion of its income for that year and the Council of members therefore, have determined that the level of unrestricted reserves of the charity must be sufficient to cover 12 months of expenditure. In the opinion of the trustees, the present level of reserves available to the charity adequately meets this requirement.
## **Directors**
All directors are members of the Council. A full list of members is available from the registered office.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charity for the period. In preparing these financial statements the council are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Section 419 (2) of the Companies Act 2006 & Section 17(5) of the 2011 Charities Act. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small company provisions**
These financial statements have been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.
This report was approved by the Board on ................................................. and signed on its behalf by
**Trustee** ...................................................... **Trustee** ............................................................. **F. D. Smith T. Stoney**
**Page 3**
## **Nidderdale Agricultural Society**
## **(a company limited by guarantee)**
## **Independent examiner's report to the trustees on the unaudited financial statements of Nidderdale Agricultural Society for the year ended 30 November 2024**
I report on the accounts of Nidderdale Agricultural Society (charity number 1080890) for the year ended 30 November 2024 which are set out on pages 5 to 16.
## **Respective responsibilities of trustees and independent examiner**
The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under Part 16 of the Companies Act 2006 & section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act,
- to follow the procedures laid down in the general directions given by the charity commission under section 145(5)(b) of the 2011 Act, and
- to state whether particular matters have come to our attention.
## **Basis of independent examiners statement**
My examination was carried out in accordance with general directions given by the charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from all trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to wether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiners statement**
In the course with my examination, no matter has come to my attention;
- (i) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep proper accounting records in accordance with section 386 of the Companies Act 2006; - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
.................................................................. Date .....................................
## **David Thomas ACA FCCA - Independent Examiner**
The Barker Partnership Limited Chartered Accountants 24 High Street Pateley Bridge Harrogate, HG3 5JU
**Page 4**
## **Nidderdale Agricultural Society (a company limited by guarantee)**
## **Statement of financial activities for the year ended 30 November 2024**
|**Unrestricted**
**Funds**
**Notes**
**£**
**Incoming resources**
**Incoming and endowments from:**
Donations and legacies
**3**
150
Charitable activities
**4**
148,814
Other trading activities
**5**
70,995
Investments
**6**
2,174
**Total**
222,133
**Resources expended**
**Expenditure on:**
Raising funds
**7**
13,702
Charitable activities
**8**
152,141
Other
**10**
37,544
**Total**
203,387
**Net movement in funds in year**
18,746
**Reconciliation of funds**
Total funds brought forward
**20**
381,500
**Total funds carried forward**
**20**
400,246|**2024**
**Total**
**£**
150
148,814
70,995
2,174
222,133
13,702
152,141
37,544
203,387
18,746
381,500
400,246|**2023**
**Total**
**£**
68
126,309
67,824
493|
|---|---|---|
|||194,694|
|||16,479
135,572
38,083|
|||190,134|
|||4,560
376,940|
|||381,500|
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
**Page 5**
## **Nidderdale Agricultural Society**
## **(a company limited by guarantee)**
## **Balance sheet as at 30 November 2024**
|**Notes**
**Fixed Assets**
Tangible assets
**12**
**Current Assets**
Stocks
**13**
Debtors
**14**
Cash at bank and in hand
**15**
**Creditors: amounts falling**
**due within one year**
**16**
**Net Current assets**
**Total Assets Less Current**
**Liabilities**
**The funds of the charity**
Unrestricted funds
**20**
**Total charity funds**|**2024**
**£**
349
10,209
216,269
226,827
)
(12,542|**£**
185,961
214,285
400,246
400,246
400,246|**2023**
**£**
359
12,785
193,423
206,567
)
(7,492|**£**
182,425
199,075|
|---|---|---|---|---|
|||||381,500|
|||||381,500|
|||||381,500|
The directors' statements required by Section 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.
**The notes on pages 8 to 15 form an integral part of these financial statements.**
**Page 6**
## **Nidderdale Agricultural Society**
## **(a company limited by guarantee)**
## **Balance sheet (continued)**
## **Directors' statements required by Sections 475(2) and (3) for the year ended 30 November 2024**
In approving these financial statements as directors of the company we hereby confirm:
- (a) that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006 ;
- (b) that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 30 November 2024 ; and
- (c) that we acknowledge our responsibilities for:
- (1) ensuring that the company keeps accounting records which comply with Section 386 ; and
- (2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Section 393 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These accounts have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), issued 16 July 2014, with the Charities Act 2011 & the Companies Act 2006.
The financial statements were approved by the Board on ...................................... and signed on its behalf by
**Chairman...................................................**
**President....................................................**
**A Walmsley**
**K Blakey**
**Registration number 00214545**
**The notes on pages 8 to 15 form an integral part of these financial statements.**
**Page 7**
**Nidderdale Agricultural Society (a company limited by guarantee)**
## **Notes to the financial statements for the year ended 30 November 2024**
## **1. Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevan notes to the accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), issued 16 July 2014, with the Charities Act 2011 & the Companies Act 2006.
## **1.1. Fund accounting**
Unrestricted funds are available at the discretion of the management committee in furtherance of the general objectives of the Charity.
## **1.2. Incoming resources**
## Recognition of assets & income
Income is recognised in the Statement of Financial Activities (SoFA) when a transaction or other event results in an increase in the charity's assets or a reduction in its liabilities. Income is only recognised in the accounts when all of the criteria regarding entitlement, probable and measurement are met.
## Recognition of grants and donations
Income is only recognised in the accounts when all of the criteria regarding entitlement, probable and measurement are met. In the case of a grant, evidence of entitlement usually exists when the formal offer of funding is communicated in writing to the charity. However, in the event that conditions are placed on the grant, those conditions must be met before income is recognised. In the case of a donation, entitlement arises immediately on its receipt.
## Investment income
Income from interest is recognised when its receipt is probable and the amount receivable can be measured accurately.
## **1.3. Recognition of resources expended**
Recognition of liabilities & expenditure
Expenditure is the amount of a charity's resources that have been spent or otherwise used in carrying out its activities. An expense results in either a decrease in a charity's assets or an increase in its liabilities. Liabilities and expenditure are only recognised in the accounts when all criteria regarding entitlement, probable and measurement are met.
## Governance costs
Include the costs of the preparation and examination of the statutory accounts, the cost of trustees' meetings and cost of any legal advice to the trustees on governance or constitutional matters. Governance costs are only recognised in the accounts when all criteria regarding entitlement, probable and measurement are met.
**Page 8**
**Nidderdale Agricultural Society (a company limited by guarantee)**
## **Notes to the financial statements for the year ended 30 November 2024**
.................... continued
## **1.4. Employee benefits**
Employees benefits include all costs incurred by the charity in exchange for the services of its employees. Expenditure is recognised for all employee benefits resulting from their service to the charity during the reporting period unless the staff costs have been capitalised as part of the cost of an asset.
## **1.5. Transactions with trustees and related parties**
During the year, the Charity did not remunerate or provide benefits to any trustees. No expenses were paid to trustees and there are no transactions with related parties to report. (2023 £nil.)
- **1.6. Tangible fixed assets and depreciation**
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
|Land|-|Nil|
|---|---|---|
|Freehold buildings|-|10% on a reducing balance basis|
|Equipment|-|10% on a reducing balance basis|
## **1.7. Stock**
Stock is valued at the lower of cost and net realisable value.
## **1.8. Financial instruments**
Financial instruments are classified and accounted for, according to the substance of contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
## **2.**
|**Net incoming resources for the year**
Net incoming resources is stated after charging:
Depreciation and other amounts written off tangible assets
and after crediting:
Donations
Interest receivable|**2024**
**£**
4,967
150
2,174
2,324|**2023**
**£**
5,210|
|---|---|---|
|||68
493|
|||561|
**Page 9**
## **Nidderdale Agricultural Society (a company limited by guarantee)**
## **Notes to the financial statements for the year ended 30 November 2024**
|.................... continued
**3.**
**Donations and legacies**
Donations
**4.**
**Charitable activity income**
Subscriptions
Sponsorship
Gate Money
Entry Fees
Catalogues
Advertising & Trade stands
**5.**
**Other trading activities**
Parking, land & property income
Basic Payment Scheme Entitlements
Sundries
Souvenirs & Books -Surplus on sales
Dinner Dance tickets & Raffle
**6.**
**Investments**
Bank & Building society interest|**2024**
**£**
150
**2024**
**£**
30,138
14,745
75,840
5,794
1,586
20,711
148,814
**2024**
**£**
56,424
145
760
3
13,663
70,995
**2024**
**£**
2,174|**2023**
**£**
68|
|---|---|---|
|||**2023**
**£**
27,271
12,892
58,263
5,154
1,559
21,170|
|||126,309|
|||**2023**
**£**
49,943
530
718
-
16,633|
|||67,824|
|||**2023**
**£**
493|
**Page 10**
**Nidderdale Agricultural Society (a company limited by guarantee)**
## **Notes to the financial statements for the year ended 30 November 2024**
.................... continued
|**7.**
**Raising funds**
Dinner Dance Expenses
**8.**
**Charitable activity costs**
Sundry Building & Ground Improvements
Show day expenses - note 9
Show day equipment hire
Prize Money
Advertising & Catalogues
Stationery & Printing
Postage & Secretary's expenses
Honorariums
Depreciation
**9.**
**Show day expenses**
Erection & Dismantling & Poultry Penning
Catering
Traffic Control
Temporary Electricity Supply
Judges Expenses
Trophies & Engraving
Sundries
1st Aid Cover
Musical Band
Main Ring Attraction
Security|**2024**
**£**
13,702
**2024**
**£**
22,047
58,283
30,160
18,445
7,699
7,463
2,577
500
4,967
152,141
**2024**
**£**
5,446
16,153
3,279
3,843
374
218
23,601
1,795
1,000
-
2,574
58,283|**2023**
**£**
16,479|
|---|---|---|
|||**2023**
**£**
11,258
54,591
27,919
16,755
8,950
7,893
2,246
750
5,210|
|||135,572|
|||**2023**
**£**
4,849
15,828
3,110
3,500
455
219
20,705
1,695
700
1,130
2,400|
|||54,591|
**Page 11**
**Nidderdale Agricultural Society**
## **(a company limited by guarantee)**
## **Notes to the financial statements for the year ended 30 November 2024**
.................... continued
|**10.**|**Other**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||Independent Examiners Fees|1,420|1,360|
||Utilities & insurance|12,067|10,789|
||Wages and pension costs|22,600|23,933|
||Subscriptions & Donations|385|545|
||Sundries|1,072|1,456|
|||37,544|38,083|
|**11.**|**Staff costs**|**2024**|**2023**|
|||**£**|**£**|
||Salaries & wages|14,800|14,133|
||Pension contributions|7,800|9,800|
|||22,600|23,933|
|||**Number**|**Number**|
||Number of employees during the year|1|1|
No employee received remuneration, expenses or benefits exceeding £60,000 during the year.
**Page 12**
**Nidderdale Agricultural Society (a company limited by guarantee)**
## **Notes to the financial statements for the year ended 30 November 2024**
.................... continued
## **12. Tangible fixed assets**
|**Freehold**
**Land &**
**Buildings Equipment**
**£**
**£**
**Cost**
at 1 December 2023
230,052
28,370
Additions
6,143
2,360
At 30 November 2024
236,195
30,730
**Depreciation**
At 1 December 2023
60,091
15,906
Charge for the year
3,483
1,484
At 30 November 2024
63,574
17,390
**Net book values**
At 30 November 2024
172,621
13,340
At 30 November 2023
169,961
12,464
**13.**
**Stocks**
**2024**
**£**
Souvenirs & goods sold in Heritage marquee
349
**14.**
**Debtors**
**2024**
**£**
Trade debtors
5,847
Prepayments and accrued income
4,362
10,209|**Total**
**£**
258,422
8,503
266,925
75,997
4,967
80,964
185,961
182,425
**2023**
**£**
359
**2023**
**£**
9,355
3,430
12,785|**Total**
**£**
258,422
8,503
266,925
75,997
4,967
80,964
185,961
182,425
**2023**
**£**
359
**2023**
**£**
9,355
3,430
12,785|
|---|---|---|
||||
|||12,785|
**Page 13**
**Nidderdale Agricultural Society**
**(a company limited by guarantee)**
## **Notes to the financial statements for the year ended 30 November 2024**
.................... continued
|**15.**
**Cash at bank and in hand**
Barclays Bank accounts
Virgin Charity Deposit Account
Virgin Deposit Account
Petty cash account
**16.**
**Creditors: amounts falling due**
**within one year**
Other taxes and social security costs
Other creditors
Accruals and deferred income|**2024**
**£**
114,881
101,379
-
9
216,269
**2024**
**£**
9,972
-
2,570
12,542|**2023**
**£**
105,713
87,619
63
28
193,423
**2023**
**£**
4,662
600
2,230|
|---|---|---|
|||7,492|
## **17. Company Limited by guarantee**
The Society has no share capital as it is limited by guarantee.
## **18. Taxation**
The Charity's activities fall within the exemptions afforded to Charitable Companies under sections 466 to 493 of the Corporation Tax Act 2010 (CTA 2010). Accordingly, there is no corporation tax liability provided on ordinary activities.
## **19. Analysis of net assets between funds**
|**Unrestricted**
**funds**
**£**
Fund balances at 30 November 2024 as represented by:
Tangible fixed assets
185,961
Current assets
226,827
Current liabilities
)
(12,542
400,246|**Total**
**funds**
**£**
185,961
226,827
)
(12,542
400,246|
|---|---|
**Page 14**
## **Nidderdale Agricultural Society**
## **(a company limited by guarantee)**
## **Notes to the financial statements for the year ended 30 November 2024**
.................... continued
## **20. Unrestricted funds**
||**At**|**Incoming**|**Outgoing**||**At**|
|---|---|---|---|---|---|
||**1 Dec 23**|**resources**|**resources**||**30 Nov 24**|
||**£**|**£**|**£**||**£**|
|General funds|381,500|222,133|(203,387|)|400,246|
## **Purposes of unrestricted funds**
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects.
**Page 15**
## **Nidderdale Agricultural Society**
## **Income and Expenditure Account for the year ended 30 November 2024**
|**Notes**
**Incoming resources**
Show day income
Bank & building society interest received
Parking charges
Grazing & rents received
Donations received
Souvenirs & Books -Surplus on sales
Dinner Dance tickets & Raffle
Sundries
Basic Payment Scheme Entitlements
**Less resources expended**
Rates, water and electricity
Insurance
Telephone & Internet costs
Work in park
Advertising, stationery and printing
Postage & Secretary's expenses
Wages and pension costs
Subscriptions & Donations
Sundries
Prize Money
Show day expenses
Honorariums
Hire of Public Address System
Hire of Marquees etc
Hire of Jumps
Dinner Dance Expenses
Independent Examiners Fees
Depreciation
**Surplus on ordinary activities**|**2024**
**£**
**£**
148,814
2,174
18,243
38,181
150
3
13,663
760
145
222,133
4,491
7,121
455
22,047
15,162
2,577
22,600
385
1,072
18,445
58,283
500
3,745
25,925
490
13,702
1,420
4,967
)
(203,387
18,746|**2023**
**£**
**£**
126,309
493
14,879
35,064
68
-
16,633
718
530
194,694
3,370
7,019
400
11,258
16,843
2,246
23,933
545
1,456
16,755
54,591
750
3,380
24,049
490
16,479
1,360
5,210
)
(190,134
4,560|
|---|---|---|
## **Surplus on ordinary activities**
**Page 16**