CHIPPING STEAM FAIR STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 FOSTER & CO LTD CHARTERED ACCOUNTANTS PRESTON CHIPPtNG STEAM FAIR CONTENTS PAGE TRUSTEES ADVISERS & SYNOPSIS OF THE PROVISIONS OF THE TRUST DEED TRUSTEES. ATrfNUAL REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FtNANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS CHlPPtNG STEAM FAIR Created b Trust Deed dated 19 Ma 2003 Re istered Charit Number 1104968 Principal Address: Moss Side Fam] Moss Lane Chipping Preston PR3 2TR Trustees: M J Craig (Chair) M S Burgess M B A Hopkinson P Slater T J Slater A W Harrison Bankers: Natwest Bank PLC Chatham Customer Care Centre Western Avenue Waterside Court Chatham Maritime Chatham, Kent ME4 4RT Independent Examiners: Foster & Co Ltd Unit l 6 Eastway Business Village Olivers Place Fulwood Preston, Lancs PR2 9WT CHlPPtNG STEAM FAIR TRUSTEES. ANNUAL REPORT The Trustees present their Report and the Financial Statements for the year ended 30 September 2024. Trustees & Advisers These are shown on page l. of Results The results for the year are shown on page 4. The Trustees are satisfied with the stste of the Trust's affairs. Presentation of the Accounts The Trustees continued to adopt the requirements of the Statement of Recommended Practice Accounting by Charities for the current year. Statement of Trustees, Res Charity 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 Charity and of the statement of financial activities for that period. In preparing those Financial Statements, the Trustees are required to: nsibilities select suitable accounting policies and then apply them consistently. - make judgements and estimates that are reasonable and prudent. state whether the policies are in accordance with applicable accounting standards. prepare the Financial Statem¢nts on the going concern basis unless it is inappropriate to presume that the Ckwity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with r¢asonable accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial Statements comply with the Charities Act 2011. They are also responsible for safeguarding the asset of the Charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. MJ Craig, Chairnian 31 July 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHIPPING STEAM FAIR I report to the trustees on my examination of the accounts of Chipping Steam Fair for the year ended 30 September 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Tn￿l'S accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I can confirn] that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust &s required by section 130 of the 2. the accounts do not accord with those records" or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter onsidered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Miss J K Foster ACA Foster & Co Ltd Unit 16 Eastway Business village Olivers Place Fulwood Preston PR2 9WT 31 July 2025 CHIPPtNG STEAM FAIR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 INCOME & EXPENDITURE 2024-- Unrestricted Funds Restricted Funds 2024 Total 2023 Total Note INCOMING RESOURCES Income: Rent Re¢eived Rurdl Payments Agency Operating Activities In furtherance of The Charity's objects:_ Gale Fees & Programmes Stalls Advertising Raffle Sundry Income Investment Income:. Interest Dividends 33(Kl 3343 3300 3343 2465 2938 44994 21093 1874 733 69614 8295 925 21093 1874 733 1825 1742 1349 882 570 1742 1349 78428 78428 87514 TOTAL INCOMfNG RESOURCES RESOURCES EXPENDED Direct Charitable Ex enditure= Event Costs Bank Charges Repairs Insurance Water Rates Rent Advertising Telephone & Stationery Printing Catering Admin Costs Portable Toilets Donations Depreciation 16657 480 19531 1522 426 5200 1275 26784 36188 480 19531 1522 426 521)0 1275 2130 1334 5200 2991 33 3076 3290 380 2794 8435 754 6208 3530 6208 3530 2793 6075 2521 2793 6075 2521 l(d) 66218 66218 57201 ement & Administrdtion of the Charity Professional Fees 989 600 989 67207 57801 TOTAL RESOURCES EXPENDED 67207 11221 29713 Net Trading Resources Profit/(Loss) on Realisation of Investh)ents Unrealised Profitl(Loss) on Investments Profit on Sale of Fixed Assets 11221 3826 3826 925 270 15047 15047 30908 148364 Fund Balance Brought Forward 179272 179272 FUND BALANCES CARRIED FORWARD 194319 194319 179272 CHIPPING STEAM FAIR BALANCE SHEET AT 30 SEPTEMBER 2024 2024 2023 Note Investments 51057 46980 ible Fixed Assets 7559 2262 58616 49242 Current Assets Cash at Bank Debtors 130098 14185 124335 9615 144283 133950 Current Liabilities Creditors and Accruals 8580 3920 8580 3920 Net Current Assets 135703 130030 194319 179272 Net Assets Funds Income Funds Restricted Funds Unrestricted Funds 194319 179272 194319 179272 Approved on behalf of the Trustees Mr M Craig The notes on pages 6 - 8 fom] part of the accounts. Date: 31 July 2025 CHIPPING STEAM FAIR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES (a) Basis of Accountin These accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and th¢ Statement of Recommended Practice Accounting by Charities (the "SORP"). The following accounting policies have been applied consistently throughout the y&qr. (b) Income Income is accounted for on an accruals basis. enditure Expenditure is recognised on an accruals basis. reciation Provision for depreciation of tangible fixed assets held for use by the Charity is made at annual rdtes calculated to spread the cost (less anticipated residual disposal value) of each asset evenly over its expected useful life. The depreciation rates currently in use are as follows: Plant & Equiprnent Fixtures & Fittings - 25 % on written do￿￿ value - 250/0 on written down value CHIPPING STEAM FAIR NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 CONTtNUED TANGIBLE FIXED ASSETS Plant & Machine Fixtures & Fittin Total Cost As at l October 2023 Additions 1900 5874 1488 1944 3388 7818 As at 30 September 2024 7774 3432 11206 reciation As at l October 2023 Charge for the Year 475 1825 651 696 1126 2521 As at 30 September 2024 2300 1347 3647 Net Book Value As at 30 September 2024 5474 2085 7559 As at 30 September 2023 1425 837 2262 DEBTORS - Short Terni 2024 2023 Trade Debtors Other Debtors 14185 9365 250 14185 9615 CREDITORS: Amounts Falling Due Within One Year 2024 2023 Trade Creditors Accruals 8100 480 3500 420 8580 3920 CHIPPING STEAM FAIR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 CONTINUED SUMMARY OF NET ASSETS BY FLfNDS Restricted Unrestricted Funds Funds Total 7559 51057 135703 7559 51057 135703 Fixed Assets Investments Net Current Assets 194319 194319 Net Assets TRUSTEES, REMLfNERATION & EXPENSES No remuneration directly or indirectly out of the fimds of the Charity was paid or payable for the year to any Trustee or to any person or persons known to be connected with any of them.