COMPANY REGISTRATION NUMBER: 07537246 CHARITY REGISTRATION NUMBER: 1146788
Howden Agriculture and Horticulture Show Limited Company Limited by Guarantee Unaudited Financial Statements
Year ended
28 February 2025
DRAFT ACCOUNTS
Draft Accounts
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Financial Statements
Year ended 28 February 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities (including income and expenditure | |
| account) | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
Draft Accounts
Page 1
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 28 February 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 28 February 2025.
Reference and administrative details
Registered charity name
Howden Agriculture and Horticulture Show Limited
Charity registration number 1146788 Company registration number 07537246 Principal office and registered 17 Bridgegate office Howden Goole East Yorkshire DN14 7AE
The trustees
Mrs S Blee Mr J I Marsh Mr M Stanley Mr P Parkin Mr P S Walker
Independent examiner B J Barker FCA Townends Accountants LLP Carlisle Street Goole East Riding of Yorkshire DN14 5DX
Draft Accounts
Page 2
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 28 February 2025
Structure, governance and management
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 21 February 2011 and registered as a charity on 4 April 2012. The company was established under a memorandum of Association, subsequently revised by Special Resolution on 10 March 2012. The document establishes the objectives and powers of the Charitable Company.
Retirement and Appointment of the Directors/Trustees
The directors of the company are also charity trustees for the purposes of charity law and under the charity's articles of association, one third of the directors are to retire, by rotation, each year.
The charity trustees are appointed from within the membership of the charity. Mr P Parkin was elected to the board during the course of the year.
Management Structure
The directors allocate themselves areas of responsibility to oversee the primary activity of the charity, that being the organisation of the annual Howden Agricultural and Horticultural Show. The directors oversee the activities of the organising committee members who act on behalf of the charity in organising discrete areas of the Show with the committee members reporting back to monthly organising committee meetings and subsequently to quarterly directors meeting.
Draft Accounts
Page 3
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 28 February 2025
Objectives and activities
The objects of the charity, as defined in its articles of association are to promote and advance, for the benefit of the public, Agriculture, Horticulture, Rural and Countryside pursuits, in particular but not exclusively by the improvement of livestock and the demonstration and showing of livestock, machinery, crafts products, methods and processes connected with agriculture and agricultural education in particular through holding of an annual show.
The primary activity of the charity is the organisation of the annual Howden Agriculture and Horticulture Show, held in July each year.
Public Benefit Statement
The show has a long standing history of promoting agriculture, horticulture and rural pursuits to the local community in combination with family orientated entertainments.
When planning the activities for the year, the trustees and organising committee have considered the Commission's guidance on public benefit with regard to the objectives of the charity, being the promotion of agriculture, horticulture and rural pursuits.
As outlined in the achievements and performance of the charity, all aspects of the annual Howden show are reviewed to ensure that there is a benefit to the public by illustrating a wide range of activities which fall under the charities aims within a single day show easily accessible to the public.
Achievements and performance
The 2024 Howden Agricultural and Horticultural show was held on Sunday 7th July. The following activities were undertaken in support of the aims of the charity:-
Handicraft and Horticulture showing classes Horse and Pony showing classes Cattle showing classes Rare breed sheep displays Petting farm Skateboard Stunt Display Team Fire Stunt Display Team Street Performers Racing Camels Climbing Wall Science Display Rural craft displays; Blacksmith, Miniature Traction Engine, Bushcraft Workshops
The performance of the charity is measured by the visitor numbers, based on gate receipts. Gate sales were below expectations. This was due to the forecasted wet weather which was not as bad on the day but did deter visitors from attending .The organising committee and the charitable trustees are satisfied that the show succeeded in its aims of presenting numerous elements of county skills rural pursuits.
Draft Accounts
Page 4
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 28 February 2025
Financial review
The accounting period covers activities associated with the preparations and running of the 2024 Show and the operation of the charity.
As presented within the accounts, this financial period resulted in an income of £37,733 from a combination of grants, sponsorship of classes and elements of the Howden Show, advertising revenue associated with the show programme and gate revenues. Expenditure associated with the holding of the 2024 Howden Show and operation of the charity was £45,256. The deficit income of £7,523 has been withdrawn from the reserves of the charity in line with the reserves policy outlined below.
Reserves Policy
The charity aims to hold reserves of approximately £41,000, a sum approximately equivalent to the costs associated with holding the annual event, such that the charity would remain solvent in the event of late cancellation of the annual Howden Agricultural and Horticultural Show due to unforeseen circumstances. The reserve amount is reviewed annually by the management committee, with excess holding being made available to the show organising committee for additional activities which meet the charitable aims. This has reduced to cover the losses detailed above. This reserve now stands at £36,000.
The charity aims to hold reserves of approximately £10,925 to support to the charitable aims of promoting Agriculture and Horticulture within the Howdenshire area. One grant of £2,400 has been made this financial year, reducing the reserve to £8,500.
The directors have approved the motion for the 150th Howden Show, to be held in 2030, to be a free to enter event and have therefore made available £9,500, no increase of this fund has been made this year due to the losses described above.
The remaining £4,700 was made available for advanced purchases for the 2025 Howden Agricultural and Horticultural Show.
Independent Examiner
B J Barker FCA, Townends Accountants LLP has been re-appointed as independent examiner for the ensuing year.
Statement of Responsibilities
The directors/trustees are responsible for preparing a trustee's annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each year which give a true and fair vie of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
Draft Accounts
Page 5
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 28 February 2025
-
observe the methods and principles in the applicable Charities SORP;
-
make judgements and accounting estimates that are reasonable and prudent;
Statement of Responsibilities (Continued)
-
state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Charities Act 2022, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS102) and in accordance with the Companies Act 2006.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Mr J I Marsh Trustee
Draft Accounts
Page 6
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Howden Agriculture and Horticulture Show Limited
Year ended 28 February 2025
I report to the trustees on my examination of the financial statements of Howden Agriculture and Horticulture Show Limited ('the charity') for the year ended 28 February 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 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 report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm 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 Company as required by section 386 of the Companies Act 2006; or
-
the accounts do not accord with those records: or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not 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 Statement of Recommended Practice for accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102).
.....................…….. .......................... B J Barker FCA Date Independent Examiner Townends Accountants LLP Carlisle Street Goole East Riding of Yorkshire DN14 5DX
Draft Accounts
Page 7
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 28 February 2025
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ |
£ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 9,008 |
9,008 | 9,262 |
| Other trading activities | 6 | 27,923 |
27,923 | 31,619 |
| Investment income | 7 | 802 |
802 | 774 |
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| Total income | 37,733 | 37,733 | 41,655 | |
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| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of raising donations and legacies | 8 | 45,256 |
45,256 | 36,822 |
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| Total expenditure | 45,256 | 45,256 | 36,822 | |
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| Net (expenditure)/income and net movement in | ||||
| funds | (7,523) | (7,523) | 4,833 | |
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| Reconciliation of funds | ||||
| Total funds brought forward | 67,306 | 67,306 | 62,473 | |
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| Total funds carried forward | 59,783 | 59,783 | 67,306 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 13 form part of these financial statements.
Draft Accounts
Page 8
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Statement of Financial Position
| 28 | February | 2025 | ||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| Note | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible fixed assets | 14 | 968 | 1,066 | |||
| Current assets | ||||||
| Cash at bank and in hand | 58,815 | 66,240 | ||||
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| Net current assets | 58,815 | 66,240 | ||||
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| Total assets less current liabilities | 59,783 | 67,306 | ||||
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| Funds of the charity | ||||||
| Unrestricted funds | 59,783 | 67,306 | ||||
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| Total charity funds | 15 | 59,783 | 67,306 | |||
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For the year ending 28 February 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees' responsibilities:
-
The Trustees have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Mr J I Marsh Trustee
The notes on pages 9 to 13 form part of these financial statements.
Draft Accounts
Page 9
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 28 February 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 17 Bridgegate, Howden, Goole, East Yorkshire, DN14 7AE.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
The charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in relevant accounting policy notes.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Draft Accounts
Page 10
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 28 February 2025
3. Accounting policies (continued)
(d) Incoming resources
All incoming resources is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
(e) Resources expended
All expenditure is accounted for on an accruals basis.
(f) Depreciation
All fixed assets are initially recorded at cost.
Depreciation is provided at the following annual rated in order to write off each asset over its estimated useful life.
Equipment - 10% straight line
(g) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(h) Financial instruments
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
4. Limited by guarantee
Howden Agriculture and Horticulture Show Limited is a company limited by guarantee and accordingly does not have any share capital.
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Returned prize money | 259 | 259 | 359 | 359 |
Draft Accounts
Page 11
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 28 February 2025
5. Donations and legacies (continued)
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Grants | |||||
| Grants | 1,614 | 1,614 | 1,468 | 1,468 | |
| Sponsorship | |||||
| Sponsorship & Advertising | 7,135 | 7,135 | 7,435 | 7,435 | |
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| 9,008 | 9,008 | 9,262 | 9,262 | ||
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| 6. | Other trading activities |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Trade stands | 3,692 | 3,692 | 4,042 | 4,042 | |
| Bar | 761 | 761 | 909 | 909 | |
| Competition entry fees | 523 | 523 | 574 | 574 | |
| Gate receipts | 19,180 | 19,180 | 22,679 | 22,679 | |
| Catering | 3,767 | 3,767 | 3,415 | 3,415 | |
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| 27,923 | 27,923 | 31,619 | 31,619 | ||
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| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 802 | 802 | 774 | 774 | |
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| 8. | Costs of raising donations and legacies |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Costs of goods sold | 38,527 | 38,527 | 31,796 | 31,796 |
| Light & heat | 13 | 13 | 16 | 16 |
| Insurance | 1,501 | 1,501 | 1,500 | 1,500 |
| Accountancy fees | 900 | 900 | 858 | 858 |
| Printing and Postage | 1,780 | 1,780 | 1,508 | 1,508 |
| Depreciation charge | 98 | 98 | 118 | 118 |
| Volunteer Recruitment | 1,109 | 1,109 | 631 | 631 |
| Fees | 1,328 | 1,328 | 395 | 395 |
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| 45,256 | 45,256 | 36,822 | 36,822 | |
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Draft Accounts
Page 12
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 28 February 2025
9. Taxation
The company is a registered charity and as such is exempt from taxation on its income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied for charitable purposes.
10. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation of tangible fixed assets | 98 | 118 | |
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| 11. | Independent examination fees | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 900════ |
858════ |
12. Staff costs
No salaries or wages have been paid to employees, including the members of the committee, during the year.
13. Trustee remuneration and expenses
None of the trustees (or any persons connected with them) received any remuneration or travelling expenses during the year. There have been no related party transactions in the reporting periods that require disclosure.
14. Tangible fixed assets
| Equipment | Total | |
|---|---|---|
| £ | £ | |
| Cost | ||
| At 1 March 2024 and 28 February 2025 | 1,860 | 1,860 |
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| Depreciation | ||
| At 1 March 2024 | 794 | 794 |
| Charge for the year | 98 | 98 |
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| At 28 February 2025 | 892 | 892 |
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| Carrying amount | ||
| At 28 February 2025 | 968 | 968 |
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| At 29 February 2024 | 1,066═══════ |
1,066═══════ |
Items which cost under £250 individually are not usually capitalised. An impairment review of assets is carried out on an annual basis.
Draft Accounts
Page 13
Howden Agriculture and Horticulture Show Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 28 February 2025
15. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 March 202 | 28 February | |||
| 4 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| General funds | 67,306 | 37,733 | (45,256) | 59,783 |
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| At | At | |||
| 1 March 202 | 29 February | |||
| 3 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| General funds | 62,473 | 41,655 | (36,822) | 67,306 |
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| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2025 | |||
| £ | £ | |||
| Tangible fixed assets | 968 | 968 | ||
| Current assets | 58,815 | 58,815 | ||
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| Net assets | 59,783 | 59,783 | ||
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| Unrestricted | Total Funds | |||
| Funds | 2024 | |||
| £ | £ | |||
| Tangible fixed assets | 1,066 | 1,066 | ||
| Current assets | 62,240 | 62,240 | ||
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| Net assets | 63,306 | 63,306 | ||
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