COMPANY REGISTRATION NUMBER.. 07537246 CHARITY REGISTRATION NUMBER- 1146788 HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2024 HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENT5 YEAR ENDED 28 FEBRUARY 2024 CONTENTS PAGE Members of the Board and professional advisor5 Trustee's Annual Report Independent examiner's report to the trustees statement of financial activities lincorporating the income and expenditure accounti Balance Sheet Notes to the Financial Statements 9-12 Page I HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Registered chority name Howden Agriculture & Horticulture Show Lirnited Charity number 1146788 Company registration number 07537246 Principal and regisfered ottlce 17 Bridgegate Howden Goole East Yorkshire DN147AE Trustees Mrs S Blee Mr J l Marsh Mr P S Walker Mr P Parkin Mr M Stanley Secretary Mr J l Marsh Independent examiner B J Barker FCA Townends Accountants LLP Carli51e Street Goole East Yorkshire DN145DX Page 2 HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR ENDED 28 FEBRUARY 2024 The trustees. who are also directors for the purposes of company law, present their report and Ihe vnaudiled financial statement5 of the company for Ihe year ended 28 Februory 2024. REFERENCE AND ADMINISTRATIVE DETAILS Reference and administrative details are shown in the schedule of members of the boord and professional advisers on poge l of the financial statements. THE TRUSTEES The truslees who served the company during the period were as follows: Mrs S Blee Mr J l Morsh Mr P S Walker Mr P Parkin Mr M Stanley STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document The orgonisation is a chorilable compony limited by guarantee, incorporated on 21 February 2011 and registered 05 a charity on 4 April 2012. The organisalion was eslablished under a Memorondum of Association, subsequently revised by Special Re501ution on l O March 2012. The document establishes the objectives and powers of the Charifable Company. Retirement and Appolntmenl ol Dlrectors/Trvstees The direclors of the company are also charily trustees for the purposes of chority low and Under the charities articles of associalion, one third of the director5 ore to relire. by rolation. each year. The charily trustees ore appointed from within the membership of the charity. There was no changes to the board during the course of the year. Management Structure The directors allocate themselves orea5 of respon5ibilily to oversee the primary activity of the charity. that being the organisation of the annuol Howden Agricultural and Horticultural Show. The directors oversee the oclivities of the organising commiltee members who act on behalf of the chority in orgonising discrete areas of the Show with Ihe committee members reporting back to monthly organising committee meetings and subsequently lo quarterly directors meetings. Page 3 HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (Continued) YEAR ENDED 28 FEBRUARY 2024 OBJECTIVES AND ACTIVITIES The objects of the charity, as defined in the articles of association are to promote and advance, for the benefit of the public, Agriculture. Horticulture, Rural and Counlry5ide pursuils. in particular bul nol exclusively by the improvement of liveslock and the demonstration and showing of livestock, machinery, crafts products, methods and processes connected with agriculture and agricultural educotion in particular through the holding of on annual show. The primory activity of Ihe chority is the organisation of the onnual Howden Agriculiural and Horticulturol Show, held in July each year. PUBLIC BENEFIT The show ha5 0 long standing history of promoling agriculture, horticulture ond rural pursuils to the local commvnily in combination wilh family orientoted entertainments. When plonning the activilies for the year, Ihe Irvstees ond orgonising committee have considered Ihe Commission's guidance on public benefit with regard to the objective5 of Ihe charity. being the promotion of ogriculture, horticullure and rural pursuits. As outlined below in the achievements and performance of the charity, all a5pect5 of the onnual Howden Show are reviewed to ensure Ihal there is a benefil to the public by illu5troting a wide ronge ol octivities which fall under the charilies aims within 0 single day show easily accessible to the public. ACHIEVEMENTS AND PERFORMANCE The 2023 Howden Agricultural and Horticultural show was held on Sunday 2nd July. The Following activities were undertoken in support of the aims of Ihe charity:_ Handicraft ond Horticulture showing classes Horse and Pony showing classes Cattle Showing Classes Rare breed sheep displays Pelting farm Mountain bike stunt display leom Have a go axe throwing Circus display ond workshop Puppet storytelling Traditional funfoir Rural Crafl displays, Blacksmith & Pole Lathe demonstrations The performance of the charity is measured by the vi51tor numbers. based on gate receipts. Gate sales were down from last year's exlroordinory sales. however. they were in line with expectations. The orgonising committee and Ihe charitable trustees are satisfied that the show succeeded in ils aims of presenting numerous elemenls of county ski115 rural pursuil5. Page 4 HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (Contlnued) YEAR ENDED 28 FEBRUARY 2024 FINANCIAL REVIEW The accounting period covers activilies associated wilh the preparations and running of Ihe 2023 Show and Ihe operation of the charity. As presented within the accounts. this financial period resulled in an income of £41,655 from a combination of gran15, sponsorship of clo55es and elements of Ihe Howden Show, advertlsing revenue 0550ClOted with the show programme and gote revenues. Expenditure 05socialed with the holding of the 2023 Howden Show and operation of the chorily was £36,822. The surplus income of £4.833 was Iron5ferred to the reserves of Ihe charity in line with the reserves policy outlined below. RESERVES POLICY The charily aims to hold reserves of approximately £41,000, a sum opproximately equivolent to the costs associated with holding the annual event, such Ihot Ihe charily would remain 501vent in the event of lale cancellation of the annual Howden Agricultural and Horticultural Show due to unforeseen circumslonces. The reserve amounf 15 reviewed annually by the monagemenl commiflee. with excess holding being made available lo Ihe Show organising committee specifically for additional activities which meet the charilable aim5. Thi5 figure has been increased this year due to the inflation pressures being passed on by the supply chain. The chority holds o reserve of approximalely £1 0,925 to support the charitable aims of promoling Agriculture and Horticulture within the Howdenshire orea. There were no applications for grants in this financial year. The director5 have approved the motion for the 150th Howden Show. lo be held in 2030, lo be a free to enter event and have therefore made available £9.500. an increase of £1,500, to contribute to this. The remaining amounl of opproximotely £5.000 was made available for advanced purchases for the 2024 Howden Agricultural ond Horticultural Show. INDEPENDENT EXAMINER B J Barker FCA. Townends Accounlanls LLP has been re-oppointed as independent examiner lor the ensuing year. STATEMENT OF RESPONSIBILITIES The director5/trustee5 are responsible for preporing a Iruslee's annual report and financial 5tatement5 in accordance wilh applicable low and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounling Practice). The law applicoble to charilies in England and Wales requires the frustees to prepare financial statements for each year which give o true and fair vie of the slate of affairs of the charily and of the incoming resources and applicolion of resource5, of the charity for thal period. In preparing the financial Statements. the Iru5tees are required to: select suitable accounting policies and apply them consi5tently.' observe the method5 and principles in the applicable Chorities SORP,. make judgemen15 ond accounting estimote5 Ihot are reasonoble and prudent.. state whether applicable accounting standords hove been followed, subject to any material departure5 thol musl be disclosed and exploined in Ihe financial 5totemenls,' prepare the financial stolements on Ihe going concern basi5 unless it is inappropriate to presume thot the chorily will continue in business. Page 5 HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEE5' ANNUAL REPORT (Continued) YEAR ENDED 28 FEBRUARY 2024 STATEMENT OF RESPONSIBILITIES (Contlnued) The trustees are responsible for keeping proper accounling records thal disclose wilh reasonable accuracy at any lime the financial posilion of Ihe company and lo enable them to ensure thof the financial slotements comply wilh the Chorities Act 2022, the opplicable Charities (Accounts ond Reports) Regulations, and the provisions of Ihe Trust deed. They are also responsible for safeguarding the assets of Ihe charity ond taking reasonoble steps for the prevenlion and deteclion of froud and other irregularilies. This report has been prepared in accordance wilh the Stalement of Recommended Practice.. Accounling and Reporling by Charities IFRSI 021 and in accordance with the Companies Act 2006. Registered office.. 17 Bridgegate Howden Goole Easl Yorkshire DN147AE Signed on behalf of the Trustee5 Mr J I Ivlorsh Secretory Page 6 HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE INDPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED ('THE COMPANY,) YEAR ENDED 28 FEBRUARY 2024 I reporl to the charity trustees on my examination of Ihe accounts of the Company for the year ended 28 February 2024 which are set oul on pages 7 to 12. RESPONSIBILITIES AND BASIS OF THE REPORT As the charily'5 trustees of the Company land also ils directors for fhe purposes of company lawl you are responsible for Ihe preparation of the accounts in accordance with the requirements of the Companies Act 20061'lhe 2006 Act). Having Satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I reporl in respect of my exomination of the Trust's account5 carried OUT under secction 145 of the Charities Act 2011 I'lhe 2011 Acf'l. In carrying out my examination I have followed the Directions given by the Charit Commission under section 14515llbl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirm thal no material matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect: accounting records were not kept in respect of Ihe Company 05 required by Section 386 of Ihe Companies Act 2006.. or the accounts do nol accord with those records: or the accounts do not comply with the accounting requiremenls of section 396 of the 2006 Act other than any requirement that the accounls give a 'true and fair view, which 15 nol a matter considered as part of an independent examination: or the accounts have not been prepared in accordance with the methods and principles of the stotement of Recommended Practice for accounting and reporling by charities preparing their accounts in accordance with the Financial Reporling Slandard applicable in the UK and Ireland IFRS 1021. Bryan John Barker FCA Townends Accountants LLP Independent examiner Dote Carlisle Sfreet Goole East Yorkshire DN145DX Page 7 HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 28 FE8RUARY 2024 Total Funds Total Funds 2023 Note INCOME FROM: Donations and legacies Income from charitable activities 9,262 32,393 4,780 35.665 TOTAL INCOME 41.655 40,446 EXPENDITURE ON: Costs of raising funds 36,822 35,160 TOTAL EXPENDITURE 36,822 35,160 NET INCOME/(EXPENDITURE) AND NET MOVEMENT IN FUNDS FOR THE YEAR 4,833 5,287 RECONCILIATION OF FUNDS: Total funds brought foward 62,473 57.186 TOTAL FUNDS CARRIED FORWARD 67,306 62,473 The statement of financial activities includes all gains and losses recognised in the year. All of the above amounts relate to continuing activities. Page 8 HOWDEN AGRICULTURE & HORTICULTRE SHOW LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2024 2024 2023 Note FIXED ASSETS Tangible assets io 1.066 1,184 CURRENT ASSETS Cash at bank and in hand 66,240 66,240 61.289 61,289 NET CURRENT ASSETS 66,240 61,289 NET ASSETS 67,306 62,473 FUNDS Unrestricted funds 67,306 62,473 TOTAL CHARITY FUNDS 67,306 62,473 These financial statements have been prepared in accordance with the provision5 applicable to companies subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting standard applicable in the UK and Republic of Ireland,. For the year ended 28 February 2024 the company was entitiled to exemption from audit under secfion 477 of the Companies Act 2006 relating to small companies Tru5tees' responsibilities: The trustees have not required the company to obtain an audit of it5 occounts for the year in question in accordance with section 476; and The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements were approved by the trustees and authoiised for issue on the ??lii signed on their behalf by.. nd are Mr J l Marsh Secretary Company Registration Number: 07537246 The notes on pages 9 to 12 form part of these account5 Page 9 HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2024 I GENERAL INFORMATION The chority is a privale company limited by guorontee, registered in England and Woles and a registered charity in England and Wales. The address of the registered office is 17 Bridgegate. Howden. Goole, East Yorkshire, DNI 4 7AE. 2 STATEMENT OF COMPLIANCE These financial Statements have been prepared in compliance wilh FRS 102. 'The Finoncial Reporting stondard applicable in the UK ond Ihe Republic of Ireland,. the Stalement of Recommended Practice applicable to charities preparing their occounls in accordance with the Financial Reporting Standard applicable in the UK ond Republic of Ireland IFRS 1021 Icharities SORP IFRS 1021 l. Ihe Chorities Act 2021 and the Companies Act 2006. 3 ACCOUNTING POLICIES The principal accounling policies adopted, judgemenls and key sources of estimation uncertainty in the preparation of the financial statements are os follows.. a) Basls of accounting The financial statemenls hove been prepared on the hislorical cost basis. The financial slatements are prepared in sterling, which is the functional currency of the entity. The charity meets the definition of a public benefit entily under FRSI 02. Assets and liabilities are initially recognised at historical cost or Iransaclion volue unless othepNise stoted in the relevant accounling policy noles. b) Legal status of the Charity Howden Agricullure & Horticulture Show Limited is o compony limiled by guarontee and accordingly does not hove o shore capitol. c) Going concern The UK economy has recently been impocfed by rising inllotion, interest rotes and energy costs. exacerbated by the wor in Ukroine. All these malter5 hove impocled Ihe company's Irading results to a greater or lesser extent. At the date of signing these financial stalements, Ihe direclors have considered the effecl of these matters on the company with the information ovoiloble to it and do not believe that it will affect the obilily of the company to continue to trade for Ihe foreseeable lulure. On this bosi5, the directors have prepored these financial stalemenls on a going concern basis. The trustees consider that there ore no material uncertaintie5 about the charity's ability to continue as a going concern. d) Fund accounting Unrestricled funds are available for use at the discretion of Ihe trustees to further any of the charity's purposes. Designaled funds are unrestricted funds earmarked by the trustees for particular future project or commitmenl. Poge 10 HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2024 3 ACCOUNTING POLICIES (Continued) e) Incomlng resource5 All incoming resources are included in the statement of finonciol aclivities when entillement has passed lo the charity.. it is probable that the economic benetils associated wilh Ihe transoclion will flow to the chority and the amount can be reliably measured. The following specific policies are opplied to porticular categories of income: income from donations or grants is recognised when there is evidence of entitlement lo the gift, receipt is probable and its omounl can be meosured reliably. f) Resources expended All expenditure is accounted for on an accruals basis. g) Depreciation All fixed ossets are initially recorded at cost. Deprecialion is provided at the following annual rales in order lo write off each asset over ifs estimated Useful life. Machinery 10% straight line h) Impairment of fixed assets A review for indicators of impairment is carried out at eoch reporting dote. with the recoverable omount being estimaled where such indicolor5 exist. Where Ihe carrying value exceed5 the recoverable amount, the asset is impaired occordingly. Prior impairments ore also reviewed for possible reversol at eoch reporting dale. l) Flnanclal instruments Basic financial instrument5 ore initiolly recogni5ed at the amount receivable or payable including any related Iransoclion cosls. Pogell HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 28 FEBRUARY 2024 4 DONATIONS AND LEGACIES 2024 Unreslilcted 2024 Total 2023 Tolol Returned prize money Grants receivoble Sponsorship and Adverli5ing 359 1.468 7.435 9,262 359 1,468 7.435 9,262 533 998 3.249 4,780 5 INCOME FROM CHARITABLE ACTIVITIES 2024 Unrestrlcted 2024 Total 2023 Tolal Trade stands Bor Compelilion entry lees Gote receip15 Bonk interest Cotering 4.042 909 574 22,679 774 3.415 4,042 909 574 22,679 774 3.415 3,915 1.432 475 25,480 211 4,152 32.393 32.393 35,665 6 COSTS OF RAISING DONATIONS AND LEGACIES 2024 Uniestricled 2024 Total 2023 Total Cost5 of goods sold Prinling & postage Insurance costs Accountoncy Fees Volunteer Reciuitmenl Electricity Depreciolion 31,796 1.508 1.500 858 395 631 16 118 36.822 31,796 1.508 1.500 858 395 631 30,580 1,428 1,496 816 235 487 118 35,160 36,822 All ol the expenses in the previous year relote to unrestricled funds. 7 STAFF COSTS No salaries or wages have been paid to employees. including the member5 of the committee. during the year. TRUSTEES & RELATED PARTY TRANSACTIONS None of the trustees lor any person5 connecled with Iheml received ony remuneration or travelling expenses during the year. There have been no related party trarnsoction5 in the reporting periods that require di5c105ure. 9 TAXATION The compony is o registered chority ond as such is exempl from toxotion on 115 income and goin5 lolling within Section 505 of the Toxes Act 1988 or section 252 of the Toxotion of Chargeable Gains Acl 1992 to the extent that Ihe5e are applied for charitable purposes. Page 12 HOWDEN AGRICULTURE & HORTICULTURE SHOW LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 28 FEBRUARY 2024 10 TANGIBLE FIXED ASSETS Equipment Totol COST Cost bllwd 1,860 1,860 At 28 Februory 2024 1,860 1,860 DEPRECIATION Accumuloled depreciation blfwd 676 372 Charge foryear 118 At 28 February 2024 794 794 NET BOOK VALUE At 28 February 2024 1,066 1,066 Ilems which cost under £250 individuolly are not usually capitalised. An impairment review of assets is corried out on on onnvol bosis. I I ANALYSIS OF MOVEMENT OF FUNDS Balance Incoming at 01.03.23 Resources Transfers Oulgolng Balonce Resources at 28.02.24 Unrestricted general funds De5ignoted funds.. 150th Howden Show Fund 57,473 41.655 136.8221 62.306 5,000 62,473 5.000 67.306 41,655 36.8221 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS Flxed A55et51 Nel current assetsl Total Unreslricted general funds Designoted fund5 62,306 5,000 67,306 62,306 5,000 67,306