ha MOORE Charity registration number 1135686 Company registration number 06796428 (England and Walès) BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY LEGALAND ADMINISTRATIVE INFORMATION Trustees AJ Chapman D J Maxwell J E Mount W J Young P Clarke M D Marlow Charity number 1135686 Company number 06796428 Reglstered offlce Ireland & Company 10 Slalion Street Kibworth Leicestershire LE8 OLN Independent examiner Ireland & Company Unil 2 Nursery Court Kibworth HafCOUrt Leics LE8 OEX
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY CONTENTS Page Trustees, report Slalemenl of Iruslees. responsibililios Slalemenl of financial activities Balance sheet Notes lo the financial slalemenls 8- 15
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their annual report and financial slalemenls for the year ended 30 September 2024. The accoun15 have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the charity's trust deeds, the Companies Act 2006 and "Accounting and Reporting by Chafilies. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} las amended for accounting periods commencing from 1 January 20161. Objectives and activities The charity's objecls are.. To promote and advance for the benefit of the public agriculture, horticullure and rural crafts and skills in all their branches by the improvement ol livestock and the demonslralion and showing of livestock, machinery, drafts, products, methods and processes connected with agriculture and agricultural education in particular through the holding of shows. To make such grants and donations lo such registered charities as the Iruslees see fit. The Iruslees have paid duo regard lo guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievement8 and performance The board of directors and Iruslees were pleased with Ihe results of anothèr successful show which generated record levels of income. The show generated sufficient lunds lo allow lor the Iruslees lo sel aside a sum of £16,000 lo be allocated lo charitable causes. In addition. a sum of £4.000 has been reserved as a resllicléd fund lo provide bursaries for education in agricullufe. Financial revlew 11 is the policy of the ¢harily lo maintain unreslricled funds, which are the ffee reserves of the charity, al a level which equales approximately lo the overall fixed costs of the following annual show. The closing unreslricled funds of £40,489 are considered sufficient lo cover ongoing costs and the fixed costs for next year'5 show. Under the Memorandum and Articles of Associalion, the charity has the power lo invest funds in any way the Iruslees afe agreed on. The Iruslees have examined the major slralegic, business and operational risks which the charity laces and confirm systems have been established lo enable regular reports lo be produced so that the necessary steps can be taken lo lessen these risks. All section leaders complete risk assessments and trained stewards ale present al all aclivilies. This remains under constant review.
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Structure, governance and management The charity has been sel up as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 20 January 2009 as amended by a resolution dated 19 March 2010. 11 is a regisle¥ed charity with the Charity Commission with a registered number 1135686. Membership is open lo all individuals who in the opinion of the Council are desirable persons lo be admilled. Each member agrees lo conlribule £10 in the event of the charity winding up.
BLASTON & DlS"fRICT AGRICULI"URAL SHOW SOCIETY TRUSTEES, FIEF>ORT IINCL.UDING DIRECTORS, RFPORTI (CONTINUFDI FOR TFIE YEAR ENDED 30 SEpfEMBER ?0?4 I) J M:IXWLIII J L-. Moiiiil W J Yoiiii(I 1> Cl,'Irko M l) Mirlow ltisk i)oliry W J Yoiiii(J
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Iruslees, who are also the difeclors of Blaslon & District Agricultural Show Society for the purpose ol company law. are responsible foi preparing the Trustees, Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Praclicel. Company Law requires the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate of affairs of the charity arid of the iiicoming resources arid applicalioii of iesources, including the income and expenditure, of the charitable company for that year. In preparing these financial slalemenls, the Iruslees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and eslimales Ihal are reasonable and prudent., and prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the charity will continue in operalion. The Iruslees are responsible for keeping adequate accounting records that disclose with reasoiiable aGcuracy al any lime the financial position of the charity and enable them lo ensure that the financial slalemenls comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
BLASTON & DIS I"IRICI' AGRICULTUIRAL SHOW SOCIETY INDEPENDENT EXAMINER'S REPORT TO THk TRUSTEES OF EJLASTON & DISI"RICT AGRICULTUIIAL SI4OW SOCIETY I roporl Ihc 11118lvos 011 rny exan7inallon ol Ilio firiancial slalenionls ol niasloii & Dlslricl Agricullur<il Sliow So¢it)ly Illio clicirilyl lor tho yoor onded 30 Seplomboi 2024. Rospoiislblllllos and l)a81s of roport As Ilio Iruylcog 01 Ilio chorily (and al30 ils direelors lor tho purposos ol company Lgwl YOLI are re3poiisibl& loi tho prop<iralion ol Iho financial slalemenls In accordnn¢o willi Iho roquiroinenls of tho Cumpanies Acl 7006 {Ilio 2006 Acll. Ilaving salisfi¢d niysoll Ih<11 Ihtt financial slal8iiienls ol Ilie cl114 rily Kirts i)ol foquirod lo bo udiled iiiider l)cl111G ol 1110 2006 Act and aro oliglblo lor iiidfti)ei)denl exonii118llon. I report In rospoel of i)iy oKnminTilion ol Ilio ch&lfily's fii)ar)diJl 41¢ilftiiioril$ L.Irrivd oiil iiiiilEyr sec.lioii IL14 ol Iho Clillrilius Act ?01111110 2011 Acl). Ifl LLiffyIIIy oul Illy exfjn)InAtioi) I Iiclvo lollowL)Il all th8 hpI)lienble Dircclloiis olven by l?io Cliaiily Lommissioi) undoi sgclion 14lJlSllhl ol11)o 2011 Act. Iiidopeiidtiit oxainliierts 51atemoi)I I l)avo complolod n)y oxa17?iriJliori. I confirni Ihal iio mallors Iiavo conio lo my #llèrilioii iii coniigclion willi Ilie oxaminalion givii)g nie Cirlll80 lo bL%livvft11)al In any Inalt)fial rèsiiocl.. accoui)liiig rocords wtsro i)ol kei)l in rePer.{ ol Ilip cl3r11Y ,Is ro(Illlfecl by scclion 386 01 IIIL 2006 Act,. or Ilie liiiii IICi¢l1 slaleinei)Is do nol OCGord will? Ilios& iecoids,. 01 Ilio IiiiJncial slaleiiienls do i)ol coinply willi Ilie dGcoiinling reqiiire.lnenl8 ol seclioii 396 011110 2006 Ar.1 olhof11)Lin any roq(iireinonl Ili.I1 Ilio or.c'ouiils give a Iruo vnd lalr vlow whlch is not a niallor considLirod as parl ol an iii(Jei)eiidei)l exaiiiiiialloi)., or Ilie IiiidiiLidl 51uleiiieiils li<lVe l)ul bLTrQlI iJr1)c1rts¢j iii aLcordJiico willi Ilio nie117ods aiid principlos ol Ilif) .%laloiiieiil ol Ilccon)iiiended Praclico lor cicroiiiilin9 arid roporling by cl)aiilies applicab lo cliarilies prgpariiig 111gir aceoui)le Iii ac¢ordaT)CLI willi Ilio l.-i[i1ricicll Roi)orlii)9 814nd<lid <lpplic•blo iii Ilio UK Jnij ftopiil)lic ol Irol&i)(I Iriis 102). hnve i)0 concerns cllitt have come n¢io%s iio vllie.f 11)<illnrs iii coriiieLlioii willi 11)e vxaiiiinAlioii to wl)icli c Ilcr)lion sl)oiil(I bo drawn in Ihis fQPOrt in Ofdpr lo eiic1blo 8 1)TopeT Iin<lersllf ndlno ol Ilie liiianciJl slalemonl810 bo ro¢ichod. Ireland fcA Niiisory Coiirt Kibwoilh l.l<l(LoiiII Lelcs LE8 OEX
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Unrestricted funds funds general designated 2024 2024 Total Total 2024 2023 Notes Income from: Donations and legacies Charitable activities Other trading activities 64 88,212 4,936 64 88,212 4,936 128 71,518 3,900 Total Income 93,212 93,212 75,546 Ex enditure on: Raising funds 21,343 21,343 18,589 Charitable activities 63.667 63.667 54.240 Totsl resources expended 85,010 85,010 72,829 Net Incomlng resources before transfers 8,202 8,202 2,717 Gross transfers between funds 14,0001 4,000 Net Income for the yearl Net movoment in funds 4.202 4,000 8.202 2.717 Fund balances al 1 October 2023 36.287 36,287 33,570 Fund balances al 30 September 2024 40,489 4.000 44,489 36,287 The stalemenl of financial aclivilies includes all gains and losses fecognised in the year. All income and expenditure derive from continuing aclivilies. The slalemenl of financial activities also complies with the requirements lor an income and expenditure account under Ihe Companies Act 2006.
BLASI"ON & DlS"fRICT AGRICUI_TURAL SPIOW socIE"rY LaALANCE SIIFET AS A r 30 SEIJTEMBI=-R 20?4 2023 Fixoil iisscts 11 1 18 C Iirrc'iil tsl()('.k% 3,IlfjJ li? -168 OIIQ yL4.1r 14 4'19?C) .Ir). 10J 4.48(1 411,41111 3Li.?111 4C?.2.11 I ¢WJYo Ti'(Isloe
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies Charlty Information Blaslon & Oislricl Agricultural Show Society is a private company limited by guarantee incorporated in England and Wales. The regislered office is Ireland & Company, 10 Slalion Street, Kibworth, Leicesleishiro. LE8 OLN. 1.1 Accounting conventlon The accounts have been prepared in accordance with the chafily's governing documents the Companies Act 2006 and "Accounting and Reporting by Charities Slalemenl ol Recommended Practice applicable lo charities piepafing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} las amended for accountin9 periods commencing from 1 January 2016). The charity is a Public Benefit Enlily as defined by FRS 102. The charity has taken advanla9e of the provisions in the SORP for charities applying FRS 102 Updala Bulletin 1 not lo prepare a Slalemenl of Cash Flows. The accounts are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The financial slalemenls have been prepared under the hislorical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern The Iruslees are confident that the charily h35 adequate resources to continue in operational existence for the foreseeable future. Thus the Iruslees coi)linue lo adopt the goiiig concern basis of accoui)liiig in preparing Ihe financial slalemenls. 1.3 Charitable fundg Unreslricled fuiids are available for use al the discretion of the Iruslees in furtherance of their charitable obieclives. Reslricled funds are subject lo specific conditions by donors as lo how they may be used. The purposes and uses of Ihe resliicled funds are sel out in the notes to the financial slalemenls, Endowment funds are subjecl lo spe¢ifi¢ conditions by donors that the capital musl be maintained by the charity. 1.4 Incoming resour¢es Income 15 recognised when the charity is legally enlilled lo il after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that income will be received. 1.5 Resources expended Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit ta third party, il is piobable that a transfer of economic benefits will be iequired in selllemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direcl costs and shared costs, including support costs involved in undertaking each activity. Direct costs allribulable lo a single activity are allocated directly to that aclivily. Shared costs which contribute lo more than one activity and support costs which are not atlribulable lo a single aclivily are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies (Continued} 1.6 Tangible fixed a880ts Tangible fixed assets are initially measured at cost and subsequently measured al cost Of valuation, nel of depreciation and any impairment losses. Depreciation is recognised so as lo write off the ¢osl or valualion of assels less their residual values over their useful lives on the following base5'. Plant and machinery 330A per annum of cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the ¢arrying value of the asset. and is recognised in the slalemenl of financial a¢livilies. 1.7 Impalrment of flxed assets Al each reporting end dale, the charity reviews the carrying amounts of ils tangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the as5el is eslimaled in order lo determine the exlenl of the impairment loss lif any). 1.8 Stocks Stocks are slated al the lower of ¢osl and net realisable value, 1.9 Cash and cash equlvalent8 Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid investments with original malurilies of three months or less. 1.10 Flnanclal Instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 'Olhef Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the conlraclual provisions of the inslrumenl. Financial assets and liabilities are offset, with the nel amounts presented in the financial slalemenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo sellle on a net basis or lo reali5e the asset and sellle the liabilily simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured al Iransaclioii price including transaction cosls and are subsequei)Ily carried al amortised cost usiiig the effeclive interest method unless the arrangement conslilules a financing Iransaclion, wheie the transaction is measured al the present value of the future receipts discounted al a market rale of interest. Financial assets lassified as receivable within one year are not amortised.
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting polities (Continued) Basic financial liabilitles Basic financial liabilities, including creditors. are initially recognised at transaction price unless the arrangement conslilules a financing tfansaclion, where the debt instrument is measured al the present value of Ihe future payments discounted al a market rale of interest. Finai)cial liabilities classified as payable within one year are not amortised. Debt inslrumenls are subsequently carried al amortised cost, using the effective interest rale method. Trade creditors are obligations lo pay for goods or services that have been acquifed in the ordinary course of operations from suppliers. Amounts payable afe classified as current liabilities if payment is due within one year or less, If not, they are presented as non-CLirrenl liabilities. Trade creditors are recognised initially al transaction price and subsequently measured al amortised cost using the effective interest method. Donatlons and legacies Unre8trlcted Unrè$trlcted fund8 fund8 general general 2024 2023 Donations and gifts 64 128 10-
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Other trading activities Unrestricted Unrestricted funds funds general general 2024 2023 Membership subscriptions and sponsorships which are in substance a payment for goods and services 4.936 3,900 Raising funds 2024 2023 Governaiice ¢osls 21,343 18.589 21,343 18.589 Charitable activities 2024 2023 Bar purchases Friday night costs First aid costs Prize money Hife of plant & equipment Show lunches Entertainment and licences Roselles and badges Show materials Oonalions 6,372 841 1.900 1,287 21,370 3,804 5,249 1,760 5,084 18,000 6,935 599 798 1,490 21,570 3,150 3,316 1,493 3,439 11,450 63.667 54.240 12-
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Governance costs Governance osts 2024 2023 Bank charges Depreciation Professional fees Secretarial assistance Printing and slalionery Computer costs General office expenses Marketing Insurances 652 779 300 2,400 4,018 3,174 1,820 3,399 1.804 852 779 300 2.400 4,018 3,174 1,820 3,399 7,804 422 779 2.400 3,681 250 1,027 3,114 2,150 18,589 18,589 18,539 Professional fees includes payments lo Ireland & Company (Chartered Acounlanlsl of £300 (2022 - £Nill for independent examiner fees. Trustee8 None of the Iruslees lor any persons connected with them) feceived any remuneration or benefits from the charily during the year. Employees The avefage monthly number of employees during the year was.. 2024 Number 2023 Number Tolal There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxalionof Chargeable Gains Act 1992 to the extent that these are applied lo ils charitable objects. 13-
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 11 Tangible fixed assets Plant and machlnéry Cost Al 1 October 2023 Additions Disp05als 10.928 537 (2001 AI 30 September 2024 11,265 Depreciation and impairment Al 1 October 2023 Depreciation charged in Ihe year 9,744 958 AI 30 September 2024 10.702 Carrylng amount AI 30 September 2024 563 AI 30 September 2023 1,184 12 Stocks 2024 2023 Finished goods and goods for resale 1,455 1,858 13 Debtors 2024 2023 Amounts falling due within one year: Tiade deblors Prepaymenls and accrued income 956 400 1,000 900 1,356 1,900 14 Creditors: amounts falling due within one year 2024 2023 Notes Deferred income Other creditors 15 30 18,412 11.750 18,442 11.750 14
BLASTON & DISTRICT AGRICULTURAL SHOW SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 15 Deferred income 2024 2023 Arising from bookings in advance 30 Deferred income is included in the financial statements as follows.. 2024 2023 Deferred income is included within.. Curfenl liabilities 30 Movements in the year., Deferred income al 1 October 2023 Resources deferred in the year 30 (30) 30 Deferred income al 30 September 2024 30 16 Analysls of net assets between funds Unrestrlcted Designated funds funds 2024 2024 Totsl Unr8$trlcted fund8 2023 2024 Fund balances al 30 September 2024 are represented by Taiigible assets Curfenl asselsllliabililies) 563 39,926 563 43.926 1,184 35,103 4,000 40,489 4,000 44.489 36,287 17 Related party transactions During the year surplus baf stock valued at £956 was transferred lo a trustee. This amount remains oulslanding al Ihe year end. 15-