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← Newport And District Agricultural Society

2025-09-30-accounts

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

President:

Mr GE Painter

ANNUAL REPORT and

FINANCIAL STATEMENTS

with

Notice of

ANNUAL GENERAL MEETING

To be held at

The Lodge, Chetwynd Deer Park

Edgmond, Newport, Shropshire on 3? February 2026 at 7.30pm

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Annual Report and Financial Statements For the year ended 30 September 2025

Contacts

President

Mr GE Painter

Vice President Mr NG Wagstaff

Livestock Secretary Miss R Jones

Horticultural Secretary Mrs D Macleod

Show Manager Mrs SA Western The Lodge Chetwynd Deer Park Edgmond Newport Shropshire TF10 8EU Tel: (01952) 810814 Email: info@newportshow.co.uk Web site: www.newportshow.co.uk

Honorary Treasurer Mr DE Jones

Horse Secretary Mr FR Edwards

Canine Secretary Mrs G Brown

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Index

Contents Page
Notice ofannual general meeting I
Report ofthe2025President 2
Trustees, Main Committee, Officers and Advisers 3-4
Trustees’ and Directors’ annual report 5-9
Statement offinancial activities (incorporating an income and expenditure account) 10-11
Balance sheet 12
Notes to the financial statements 13 —20
Independentexaminer’sreport 21-22

2026 MEMBERSHIP

For 2026 the scale of membership subscriptions is as follows:

Direct Debit Non Direct
Debit
Single Adult £28 £30
Double Adult £50 £55
Family £70 £80
Junior £8 £12

Benefits of membership include:

Any person wishing to become a Member is invited to apply to the Show Manager for a membership application form or by purchasing a membership package online from the Society’s website.

NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Notice of Annual General Meeting

NOTICE JS HEREBY GIVEN that an ANNUAL GENERAL MEETING of Newport and District Agricultural Society will be held at The Lodge, Chetwynd Deer Park, Edgmond, Newport, Shropshire on 3 February 2026 at 7.30pm for the following purposes:

Note 1: Pursuant to Regulation 4(f)(iv) of the Company’s Articles of Association, no Member entitled to attend and vote at this meeting is entitled to appoint a proxy to attend and vote.

Note 2: There will be 37 Elected Members of the Main Committee in 2025/26; 15 nominations have been received for the 16 vacancies as Elected Members of the Main Committee and therefore their nominations will be confirmed at the Annual General Meeting. Additional nominations to fill the remaining vacancies may be made at the Annual General Meeting.

On Completion of the meeting, the Society’s Harper Adams Scholar for 2026 will give a presentation. Refreshments will be available after the presentation.

By order of the Trustees

SA Western '

Secretary

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

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Report of the 2025 President

It is a real privilege to have been your President for the 2025 Newport Show. I am grateful to Duncan who asked me to be his Vice President and to everyone who made the year run so smoothly.

2025 was the 114th Newport Show which is a testament to our ability to continue to change and stay relevant in our local community. This can only be done by a group of passionate people and that really is evident when you are President for the year.

I was told that 50 years ago, Lloyds Bank had a trade stand at the old showground and wrote loans to farmers on show day. Now, at Chetwynd Deer Park, Lloyds no longer have a trade stand, nor do they a branch at Newport — how times change and yet we still manage to fill all our trade stand space on show day and still attract strong crowds each year.

This year was the first for many new initiatives - the Re-gen committee was set up by younger members of the society, they organised the first President’s lunch in May which 200 people attended and raised £9,000 for the Children’s Cancer ward in Telford. The ever-growing dog show moved up by the lodge on show day, the new country sports area was established and prize money was all digital for the first time. Change is never plain sailing in the first year so thank you to everyone for supporting these improvements, all of which keep the Society moving forward.

The build up to show day seemed to be going to plan. Everyone kept telling me that we had never been this organised.... but then we were hit by a heatwave in the days running up to the show! The passion and commitment of everyone shone through — we have such a professional team which meant that it was no surprise that everything still ran smoothly. We had over 11,000 people attend, despite the amber weather warning, which shows how successful we are and how important the show is in the local community.

All this could not have happened without the great organisation of Sally, Emma and Gina in the office, Martyn in the Park and all our sub-committees and volunteers. We are only as good as our people, and I am incredibly grateful to everyone who has contributed to the success of the whole Society over the last 12 months,

All this was recognised in being awarded The Farmer and Shropshire Star Rural Event of the Year in October — what a great achievement to top off an amazing year!

Finally, I would like to thank George for his support and wish him, Neil and the team all the best for the 2026 show,

David Jones

2025 President

Ist November 2025

NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Trustees, Main Committee, Officers and Advisers for the year ended 30 September 2025

Officers

The officers of the Society during the year were as follows:

President: Mr DE Jones (until 31/8/25) Mr GE Painter (from 1/9/25) Vice President: Mr GE Painter (until 31/8/25) Mr NG Wagstaff (from 1/9/25) Immediate Past President: Mr DJ Gunn-Russell Show Manager and Company Secretary: Mrs SA Western Park Warden: Mr M Fallows Honorary Treasurer: Mr DE Jones

The President, Vice President and Honorary Treasurer are elected to office at the Annual General Meeting. The Show Managet/Company Secretary and the Park Warden are employees of the Society.

Trustees and Main Committee

In addition to the above officers, the elected members of the Main Committee during the year were:

A. Asson

B. Ford

W. Behnke

N. Furniss

C, Belcher

E, Galbraith

R. Boffey

N. Galbraith

A. Bolton

M. Gunn-Russell

K. Clarke M. Hall A. Clarkson H. Holman A.J. Craddock Alex Heath W.S. Dobson Annabelle Heath M. Dudley L. Hockenhull

C. Edwards

T. Lawton

M. Evans

A. MacLeod

D, MacLeod

P. Maddocks

R.W. Maddocks

J. Malpass

J. Powell

E. Pugh

A. Richards

T. Smith

J. Tavernor

R. Watson Jones

J. Wilcox

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Trustees, Main Committee, Officers and Advisers for the year ended 30 September 2025

Trustees and Main Committee (Continued)

Each elected member of the Main Committee serves for 3 years and is elected at the Annual General Meeting.

Mrs Doris Taylor, a representative of Harper Adams University is an ex-officio member of the Main Committee.

The Society’s Trustees, who are the Directors of the company, consist of the President, the Vice President and the Honorary Treasurer, together with 6 members from the Main Committee, elected by that committee, During the year, the elected members were:

AJ Asson A Clarkson WS Dobson Mrs CH Belcher AJ Craddock RW Maddocks

All Trustees that held office at any time during the year are members of the Society.

As permitted by the Society’s Memorandum of Association, during the year, indemnity insurance was in place to cover the liability of Trustees and other officers in respect of negligence, default, breach of trust or breach of duty. The cost of this insurance amounted to £1,611 (2024: £1,500).

Other information

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Company Number|03884659| |Charity Number|1081748| |Registered|Office|The Lodge,|Chetwynd Deer|Park,|Newport,|Shropshire TF10|8EU| |Independent Examiners|Dyke|Yaxley|Limited,|||Brassey|Road,|Old|Potts|Way,|Shrewsbury| |SY3|7FA| |Solicitors|FBC|Manby|Bowdler|LLP,|Routh|House,|Hall|Court,|Hall|Park|Way,| |Telford,|Shropshire,|TF3|4NJ| |Bankers|Lloyds Bank|plc,|113|The Border,|Telford,|Shropshire TF3 4AE| |Investment Managers|Brewin|Dolphin|Securities|Limited,|6|Floor,|The|Chatwin|Building,| |81|Colmore Row, Birmingham B3|2BA|

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Trustees’ and Directors’ Annual Report for the year ended 30 September 2025

The Trustees are pleased to present their annual report for the year ended 30 September 2025 together with the financial statements for the period. The financial statements comply with the Companies Act 2006, the Charities Act 2011, the Memorandum and Articles of Association and Reporting by Charities SORP applicable to charities preparing their accounts in accordance with FRS applicable in the UK (FRS102).

Reference and administrative information

The Society’s Trustees, Main Committee, Officers and Advisers are listed on pages 3 and 4.

Structure, governance and management

Constitution

Newport and District Agricultural Society is a registered Charity (1081748) which was established in 1889 and was incorporated into a company limited by guarantee (3884659) on 26 November 1999, It is regulated by its Memorandum and Articles of Association.

Officers, Trustees and Main Committee

Information on how the officers, trustees and members of the main committee are appointed is explained on pages 3 and 4,

Organisational structure

The Trustees determine the general management policy of the Society and during the past year, met on 5 occasions, The day-to-day management of the Society’s showground and the organisation of the Annual Show is delegated to the Main Committee, the Show Manager and the Park Warden. During the past year, the Main Committee met on 5 occasions. There are various sub-committees consisting of members of the Main Committee or other members of the Society and these sub-committees meet as necessary to organise the various sections of the Annual Show.

Reeruitment and training of Trustees

As explained on page 4, an Elected Trustee must be a member of the Main Committee, therefore each new Trustee will already be familiar with the activities of the Society. On appointment as a Trustee, each is provided with a copy of the Charity Commission’s literature on the role and responsibilities of a charity’s trustee.

Risk management

The Trustees review the effectiveness of all material internal controls, including the operational, financial and compliance controls and risk management systems. In the opinion of the Trustees, the existing review system should enable the Society to mitigate and manage the identified risks to an acceptable level in its day-to-day operations.

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Trustees’ and Directors’ Annual Report for the year ended 30 September 2025 (Continued)

Objectives and activities

The Trustees/Directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The objective of the Society is the promotion of agriculture for the public benefit, particularly in Newport, Shropshire and the surrounding district. It is the aim of the Society to promote agriculture, principally through the holding of an Annual Show. The Trustees have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing their aims and objectives and in planning future activities. There has been no material change in the policy since the last report.

The Society aims to hold a first-class Agricultural Show each year. The Trustees and Main Committee are conscious of the need to maintain the Show’s traditional qualities as an exhibition for the best of local agriculture and commerce, combined with providing a high-quality day’s entertainment for a growing local population, who have much wider interests than purely rural pursuits,

The ownership of Chetwynd Deer Park is integral to the Society’s objectives and activities. The Deer Park offers an outstanding venue and with the Society’s policy of continuous investment to improve its facilities and safe operation, the Society has a wonderful asset to carefully develop for the future demands of the Annual Show, selected other events and for educational purposes.

Achievements and performance

The Society’s educational facility at Chetwynd Deer Park, “The Lodge”, formally opened in May 2014, continues to be a great success, providing many members of local schools and other educational establishments an opportunity to enjoy this unique and beautiful venue. In the period under review, Chetwynd Deer Park and The Lodge hosted educational visits for 3,635 children from local schools. Chetwynd Deer Park also welcomed back local senior schools competing in county cross country running events.

A detailed review of the year’s other main achievements and performance is provided by the 2025 President on page 2.

Student sponsorship

The Society continues its scheme to sponsor a student at Harper Adams University. The 2025 scholarship was awarded to Kitty Ing. The Society will announce the 2026 scholar in the new year prior to the AGM.

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Trustees’ and Directors’ Annual Report for the year ended 30 September 2025 (Continued)

Financial review and results for the year

Detailedfinancial review

The financial results for the period are set out on pages 10 to 20, The Society has recorded a net increase in funds of £62,263 in the year to 30 September 2025 (2024 £165,767 increase). This is made up of:

Total income amounted to £361,332 (2024 £379,433) and total expenditure amounted to £399,562 (2024 £381,003).

Show income was £255,627 (2024 £252,899), due to lower attendance because of the heat on show day netting against increased ticket prices. Show expenditure was £214,288 (2024 £195,757) which was driven by across-the-board cost increases.

Income from the estate decreased to £50,701 (2024 £66,731) due to lower RPA income and park lettings. Net investment income was £44,816 (2024 £50,028). Over the same period the Society’s other costs were £175,086 (2024 £175,471).

The investment portfolio ended the period at £1,911,700 (2024: £1,824,834). The increase is explained in the Investment review below.

As a result of the above movements, the Society’s total net assets increased to £2,817,891 (2024: £2,755,628).

Investment review

Despite increased volatility over past 12 months to 30th September 2025, global stock markets have delivered positive returns. The backdrop of falling inflation and consequently interest rates has been supportive for equities. Artificial intelligence companies have been key drivers of returns, particularly in the US, in the UK defence and financial companies have been large contributors to the overall positive returns. Although returns have been positive over the year, markets have been very volatile, mainly because of US trade policy and the uncertainty this has caused across the globe.

Over the period the portfolio provided a total return of 7.97% net (after fees), this is above the Asset Risk Consultants (ARC) Charities Steady Growth index return of 7.64% net over the same period. The ARC index is made up of over 5,000 charity portfolios from 34 different investment managers, providing a good comparison to the performance of our peers operating within a similar level of investment risk.

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Trustees’ and Directors’ Annual Report for the year ended 30 September 2025 (Continued)

Reserves policy

The Trustees have considered the level of reserves held by the Society at 30 September 2025. As explained in note 8 to the financial statements, the Society’s Permanent Endowment Fund can only be used for specific purposes, whereas the Reserve Fund can be used for any purpose within the Society's objects. The Society needs to build up its Reserve Fund both to enable it to meet its longterm aims and to generate sufficient investment income to finance its charitable objectives, The Trustees have examined the needs, risks and challenges faced by the Society in both the short and medium term, along with relevant financial budgets,

At the year ending 30 September 2025, the charity has £19,117 (2024: £46,627) available in free reserves.

The Trustees will review the total reserves position annually.

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Trustees’ and Directors’ Annual Report for the year ended 30 September 2025 (Continued)

Trustees’ and Directors’ responsibilities

The charity trustees (who are also the directors of the Newport and District Agricultural Society for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company and charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Society’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Society and enable them to ensure that the financial] statements comply with the Companies Act 2006 and charity legislation.

They are also responsible for safeguarding the assets of the Society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as each Trustee is aware, there is no relevant information of which the Society’s independent examiners are unaware. Each Trustee has taken all the steps that ought to have been taken as a director in order to make themselves aware of any relevant information and to establish that the Society’s independent examiners are aware of that information.

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This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.

Approved by the Trustees and signed on their behalf by

SA Western Company Secretary 13 January 2026

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Statement of Financial Activities (incorporating an Income and Expenditure Account) for the year ended 30 September 2025

Unrestricted Endowment Total
Note Funds Funds 2025
Income
Income from charitable activities:
Show income 255,627 - 255,627
ChetwyndDeer Parkincome - 50,701 50,701
Investment income 2 27,589 27,415 55,004
Totalincome 283,216 78,116 361,332
Expenditure
Cost ofraising funds:
Investment management costs 5,185 5,003 10,188
Expenditure on charitable
activities:
Charitable activities 3 319,590 69,784 389,374
Total expenditure 324,775 74,787 399,562
Gains (losses) on investment assets 49,978 50,516 100,493
Netincome 8,419 53,845 62,263
Transferbetweenfunds 3,329 (3,329) -
Netmovement in funds 11,748 50,516 62,263
Funds at 1 October2024 8 1,003,090 1,752,537 —-2,755,628
Fundsat30September2025 8 1,014,838 1,803,053 2,817,891

All amounts relate to continuing activities. All recognised gains and losses are included in the statement of financial activities. The surplus for the year for Companies Act purposes comprises the net resources expended during the year plus the investment gains of the current year. The notes on pages 13 to 20 form part of these financial statements.

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Statement of Financial Activities (incorporating an Income and Expenditure Account) for the year ended 30 September 2025

YearEnded 30September 2024 Unrestricted Endowment Total
Funds Funds 2024
£ £ £
Income
Income from charitable
activities:
Show income 252,899 - 252,899
Chetwynd DeerPark income - 66,731 66,731
Investment income 30,954 28,848 59,803
Total income 283,853 95,580 379,433
Expenditure
Cost ofraising funds:
Investment management 4,990 4,784 9,775
costs
Expenditure on charitable
activities:
Charitable activities 301,968 69,261 371,228
Total expenditure 306,958 74,045 381,003
Gains (losses) on investment 82,814 84,523 167,338
assets
Netincome 59,709 106,058 165,767
Transferbetween funds 21,535 (21,535) -
Netmovement in funds 81,244 84,523 165,767
Funds at 1 October 2023 921,846 1,668,014 2,589,860
Fundsat30September2024 1,003,090 1,752,537 2,755,628

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY (Registration number 3884659)

Balance sheet at 30 September 2025

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||||||| |---|---|---|---|---|---| |Note|2025|2024| |£|£| |Fixed|assets| |Tangible|assets|4|848,257|847,604| |Investments|5|1,911,700|1,824,834| |Total|fixed|assets|2,759,958|2,672,437| |Current|assets| |Debtors|6|28,044|20,590| |Cash|at bank|45,416|85,098| |Total|current|assets|73,459|105,688| |Creditors — amounts|falling|due| |within|one year|7|(15,526)|(22,498)| |Net|current|assets|(liabilities)|57.933|83,190| |Net|assets|2,817.891|2,755,628| |Represented|by:| |Funds| |Endowment|8|1,803,053|1,752,537| |Unrestricted|8|1,014,838|1,003,090| |Total|charity funds|2,817,891|2,755,628|

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These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The company was entitled to exemption from audit under Section 477. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The Trustees approved the financial statements on 13" January 2026. The notes on pages 13 to 20 form part of these financial statements.

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GE Painter DE Jones > —— 5
Trustee g, EzoF aAtt},L- Trustee , T=»
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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY (Registration number 3884659)

Notes forming part of the financial statements for the year ended 30 September 2025

eee 1 Accounting policies

Charity Information

Newport and District Agricultural Society is private company limited by guarantee, incorporated in England and Wales with registration number is 03884659, The charity is registered with the Charity Commission in England and Wales with registration number 1081748. The registered office is The Lodge, Chetwynd Deer Park, Edgmond, Newport, Shropshire, TF10 8EU.

Accounting Convention

The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention, except for investments held at fair value, and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting and Reporting by Charities: the Charities SORP (FRS102). They have been prepared in the format required by the Companies Act 2006 subject to their adaptation to reflect the nature of the activities of the Society, as permitted by SI2008 No. 409, Schedule 1, Part 1, Section A, Paragraph 4(i). The following principal accounting policies have been applied:

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from the date of authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern,

Tangiblefixed assets and depreciation

Depreciation is provided on the following tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life at the annual rates indicated:

Roadways, fencing, walls, infrastructure and education unit Plant and equipment

In the prior period, the depreciation on the educational unit was changed to take into account its estimated residual value, whereas previously it was assumed to have zero residual value after 25 years,

Freehold properties have not been depreciated on the grounds that, in the opinion of the directors, freehold properties are maintained in such a state of repair that both the annual charge and cumulative depreciation are immaterial as a result of very long estimated useful economic lives and that their residual values are at least equal to their net book values. This applies to the Society’s freehold properties (except the educational unit) and accordingly, except for expenditure on roadways, fencing, walls, infrastructure and the educational unit, no depreciation has been provided. The directors have performed an annual impairment review to ensure that the carrying value is not lower than the recoverable amount.

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY (Registration number 3884659)

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Notes forming part of the financial statements for the year ended 30 September 2025

Investments

Investments are stated at their current market value. Changes in market value of investments are shown as a movement in the Statement of Financial Activities and include realised profits and losses on investments sold during the year, together with unrealised gains and losses on revaluation of investments held at the year-end.

Capital grants

Grants received for capital investment projects are recognised in the statement of financial activities in the year to which the expenditure relates.

Debtors and prepayments

Trade and other debtors are recognised at the settlement amount due after any discount offered, if applicable. Prepayments are valued at the amount prepaid after any discount offered, if applicable.

Cash at bank and in hand

Cash in bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the acquisition or opening of the deposit or similar account. Bank balances held by the Society’s investment managers for the purposes of investment are disclosed in Note 5 Fixed asset investments.

Creditors and provisions

Creditors and provisions are recognised where the Society has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be determined or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discount, if applicable.

Income and expenditure

All income is accounted for when receivable. All expenditure is accounted for when incurred, Those expenses that are attributable to two or more expense headings are apportioned between those headings on an appropriate basis. Where appropriate, expenditure is inclusive of VAT that is irrecoverable. Governance costs comprise the costs of running the Society, including independent examination and legal costs and the costs of complying with the constitutional and statutory requirements,

Government Grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY (Registration number 3884659)

Notes forming part of the financial statements for the year ended 30 September 2025

Employee benefits

When employees have rendered service to the charity, short term employee benefits to which the employees are entitled to are recognised at the undiscounted amount expected to be paid in exchange for that service. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Taxation

As a registered charity, the Society’s net income is not subject to taxation.

2 Investment income

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||||| |---|---|---|---| |2025|2024| |£|£| |Listed|investments:| |Unrestricted|funds|27,589|30,954| |Endowment|funds|27,415|28,848| |55,004|59,803|

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3 Charitable expenditure

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||||||||| |---|---|---|---|---|---|---|---| |Staff|Other|Total|Total| |Costs|Costs|Depreciation|2025|2024| |£|£|£|£|£| |Charitable|activities:| |Show|and|Chetwynd Deer Park|74,326|276,451|18,730|369,507|351,246| |Governance|costs|9,794|9,619|455|19,867|19,982| |84,120|286,070|19,184|389,374|371,228| |2025|2024| |£|£| |Staff costs|are|analysed|as|follows:| |Wages|and|salaries|80,208|76,659| |Social|security|costs|2,068|1,539| |Employer’s|pension|contributions|1,845|1,738| |84,120|79,937| |Average monthly number number|of staff staff|2|2|

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Average monthly number number of staff staff

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY (Registration number 3884659)

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Notes forming part of the financial statements for the year ended 30 September 2025

Charitable expenditure (Continued)

Other costs relating to activities in furtherance of the charity’s objects are analysed as follows:

Directshowcosts 214,288 = 195,757
Property costs 20,109 21,249
Other costs 42,054 45,362
276,451 262,368
Other costs relating to governance are analysed as follows:
Independent examination fees 4,000 3,800
Other costs 5,619 6,672
9,619 10,472

During the year, the Society employed a Show Manager and a Park Warden, together with additional part time secretarial assistance. There were no higher paid employees who are paid £60,000 or more. In addition, the Society received significant voluntary assistance, for which the Trustees are most grateful. The Trustees are not remunerated. Travel and subsistence expenses of £526 was paid to three trustees during the year (2024 £354).

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

(Registration number 3884659)

Notes forming part of the financial statements for the year ended 30 September 2025

4 Tangible fixed assets

4
Tangible fixed assets
Freehold
Land and Plant and
Cost Buildings
£		 Equipment
£		 Total
£
At October2024
Additions
Disposals		 1,025,748
16,997
-		 121,850
2,841
(137)
At30 September 2025 1,042,745 124,554 1,167,299
Depreciation
At 1 October2024 203,186 96,809 299,995
Charge fortheyear
Disposals		 13,373
-		 5,811
(137)		 19,184
(137)
At30 September 2025 216,559 102,483 319,042
Net book value
At30 September 2025 826,186 22,071 848,257
At October2024 822,562 25,041

Non-depreciable assets with a net book value of £645,926 are included in freehold land and buildings. The trustees are not able to quantify the difference between the net book value and market value of freehold land and buildings.

At 30 September 2025, the Society had no capital commitments.

5 Fixed asset investments

5
Fixed asset investments
2025 2024
Listed investments £ £
Marketvalueat[October 1,811,613 1,647,958
Additions 448,3859 259,479
Disposalproceeds (334,822) (216,346)
Net investment gains / (losses) (30,858) 120,524
Market value at30 September 1,894,318 1,811,613
Historicalcostat30September 1,637,078 1,523,515

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY (Registration number 3884659)

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Notes forming part of the financial statements for the year ended 30 September 2025

Listedinvestmentsarerepresentedby:
Fixed Interest
Equities and UnitTrusts		 270,452
1,623,866		 291,060
1,520,553
Total listed investments 1,894,318 1,811,613
Cash deposits 17,382 13,221
1,911,700 1,824,834

At 30 September 2025, there was one (2024 one) material investment being greater than 5% of the portfolio:

Vanguard Investment UK Limited ~ US Equity Index Institutional Plus Income units (£159,816)

This is a collective investment which holds a number of underlying securities,

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Debtors
2025 2024
£ £
Trade debtors 5,925 1,907
Prepayments and accrued income 22,119 18,683
28,144 20,590
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Creditors - amounts falling due within oneyear
Trade creditors
Taxes and social security		 2,543
1,375		 8,002
5,971
Accruals and deferred income 11,607 8,524
15,526 22,498

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY (Registration number 3884659)

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Notes forming part of the financial statements for the year ended 30 September 2025

8 Funds

Endowment
Funds -
Unrestricted
Funds		 Boughey
Memorial
Reserve Endowment Total
£ £ £
At 1 October2024 1,003,090 1,752,537 2,755,628
Incoming funds 283,216 78,116 361,332
Funds used. (321,446) (78,116) (399,562)
Transfer between funds 3,329 (3,329) -
Otherrecognised gains and losses 49,498 50,516 100,493
At30September2025 1,014,838 1,803,053 2,817,891

The Reserve Fund is an Unrestricted Fund and both the capital and income can be used for any purpose within the Society's objects.

The Boughey Memorial Endowment is a Permanent Endowment Fund, the prime purpose of which is to fund capital expenditure on property. Any surplus funds not used for that purpose are to be invested. Income from both the property and investments held in the fund are to be used firstly to pay for the expenses of maintaining the assets of the Fund. Any income not used for that purpose in the year may, at the Trustees’ discretion, be transferred to the Reserve Fund.

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY (Registration number 3884659)

Notes forming part of the financial statements for the year ended 30 September 2025

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Analysis ofnetassetsbetweenfunds		 funds funds Net
Tangible Fixed Current
Fixed Asset Assets /
Assets Investments (Liabilities) Total
£ £ £ £
Unrestrictedfunds
Reserve Fund - 22,071 973,650 19,117 1,014,838
Endowmentfunds
Boughey MemorialEndowment 826,186 938,051 38,816 1,803,053
848,257 1,911,700 57,933 2,817,891

10 Members’ funds

The Society is a company limited by guarantee and does not have a share capital. The liability of each member is limited to an undertaking to contribute to the assets of the company such amount as may be required not exceeding £1 in the event of the company being wound up,

The Memorandum of Association provides that no amount may be distributed to members and that, on a winding up, any surplus assets shall be given to an institution with similar objects. Accordingly, there are no equity interests in the funds of the Society.

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11 Related Party Transactions

There have been no related party transactions in the reporting period that require disclosure.

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NEWPORT AND DISTRICT AGRICULTURAL SOCIETY

Independent Examiner’s report to the members of Newport and District Agricultural Society

Independent Examiner’s Report

I report to the trustees on my examination of the financial statements of Newport and District Agricultural Society (the society) for the year ended 30 September 2025

Responsibilities and basis of report

As the trustees of the society, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

T report in respect of my examination of the society’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the society’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Whales (ICAEW), which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after | January 2015.

I have completed my examination. 1 confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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20/01/2026