Charity registration number 1151672
Cheshire Agricultural Society CIO
Annual Report and Financial Statements
For the year ended 31 October 2024

CHESHIRE AGRICULTURAL SOCIETY CIO
Contents
Page
Trustees, report
statement of trustees, responsibilities
Independent auditor's report
8- 11
Statement of financial activities
12
Balance sheet
13
statement of cash flows
14
Notes to the financial statements
15-27
The following pages do not form part of the statutory accounts
Detailed Income and Expenditure Account

CHESHIRE AGRICULTURAL SOCIETY CIO
Trustees, report
FOR THE YEAR ENDED 31 OCTOBER 2024
The Council of Members (who are the trustees of the Society for the purpose of Charity Law) has pleasure
in presenting their Annual Report and the audited financial statements for the year ended 31 October
2024.
The accounts have been prepared in accordance with the accounting policies set out in note I to the
accounts and comply with the Society's ConstitLJtion, the Charities Act 2011 and "Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing thelr
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)" (effective from l January 2019)
Reference and administratlve information
Members Of Councll
Mrs C Bailey (resigned 22 February 2024)
J Ball Esq
Mlss S Ball
S Bate Esq (appointed 22 February 2024)
S Blakeman Esq
Miss C Bradbury (appointed 22 February 2024)
R 8rown Esq
J Clarke Esq
T Earl Esq
A P Ford Esq
R Ford Esq
R Fryer Esq (resigned 22 February 2024)
A Garnett Esq
l Garnett Esq (appointed 22 February 2024)
J A Garnett Esq DL ARAgS
R Gate Esq (appointed 22 February 2024)
A Greenway Esq
J Hague Esq
R Hague Esq FRICS
Mrs C Hale
Mrs J Harding
Miss S Heath {appointed 22 February 2024)
W Horton Esq (resigned 22 February 2024)
H Hough Esq
R Ikin Esq
R Johnson Esq
A Kay Esq
Mrs E M Leake
D Leech Esq
W E Massey Esq
A Millington Esq
Mrs C Newton
J Norbury Esq
Mrs D Nulty
Rev J Parry
Mrs S Prescott
T Rimmer Esq
T Stockdale Esq
A Sutton Esq
P Taylor Esq {appolnted 22 February 2024)
P Tanner Esq
K Thomas Esq
R Thomason Esq
J Tickle Esq
W R Turner Esq
Mrs P Wade
A K Wallace Esq
M Walton Esq
S Walton Esq (resigned 22 February 2024)
C Webb Esq
S Wharfe Esq
P Whitlow Esq
E Whittaker Esq
S Wilkinson Esq
D Williams Esq
Ms I Wood
Mi55 L Young (resigned 22 February 2024)
Honorary Directors Committee
A P Ford Esq (Chairman)
D Leech Esq (Vice Chairman)
J Ball Esq (Vice Chairman)
K Thomas Esq (TreaSU￿r)
S Blakeman Esq
A Sutton Esq
W Whittaker Esq
Mrs P Wade
T Rimmer Esq
R Thomason Esq
l Hague Esq
M Walton Esq

CHESHIRE AGRICULTURAL SOCIETY CIO
Trustees. report (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
Associate Directors
R Ford Esq
Show Director
R A Davenport Esq
Business Development Manager
C Thyer Esq
Show Offlce
Mrs G Holden (retired 31 October 2024)
Mrs A Hancock
Miss K Holt
Charlty number
1151672
Audltors
DJH Audit Limited
st Georges House
56 Peter Street
Manchester
M3 2NQ
Bankers
Natwest
36 High Street
Nantwich
CW5 5GA
Honorary Llfe Warden
J A Garnett Esq DL FRAgS
Honorary Llfe Governors
R Hague Esqi J Hollinshead Esq
G C Morris Esq
Honorary Life Vice Presldents
Mrs K Balleyi R Cooke Esq
G Cornes Esq, V Croxson Esq DL MBA FRAgS
M T Daley Esq, A Morgan Esq
O Roston Esq
Life Vlce Presidents
I Barnes Esq, D J Best Esq
K Cramp Eso, N Davies Esq
Mrs N Davies, Mrs L M Ferguson
P Hick50n Esq MBE, Mr & Mrs D J Hughes
J W Morgan Esq, Mrs A Newton
Revd Phillip J Robinson, Mrs J B Smith
P R Smith Esq, D H Woolley Esq

CHESHIRE AGRICULTURAL SOCIETY CIO
Trustees, report (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
Objectlves and activities
The objects of the Society are:
the encouragement (by the holding of Shows or otherwise) of agricultural enterprise and the
agricultural and allied industries;
the promotion and improvement of the breeding, rearing and health of Ilvestock;
the improvement of agricultural produce; the encouragement of the invention or improvement of
agricu Itural implements; and the promotion of agricultural science and research;
to advance the education of the public in relation to the importance of food production and its
relationship to the local farming community and rural economy; and
the advancement, encouragement and safeguarding of the nalural envlronment.
In furtherance of the objects the Council shall have the power to SUPPOrt local, rural-related charlties as
appropriate,
The objectlves of those actlvltSes for the year, and the Society's achievements against them, are discussed
under the heading Achievements and Performance, set out below.
The principal activity of the Society is to hold The Royal Cheshire County Show, which takes place
annua15y in June. The charity meels its objectives (see above) principally through holding the Show, as
follows".-
a) General appreciation of agriculture". to put before the general public a view of agrlculture and
countryside activities in a way that knowledge and appreclation of countryside Ilfe can be gained by all
who attend.
b) Display of merchandise and machinery: on a commercial basis to attract direct sales, and indirect sales
in terms of advertising to the audience present.
c) Display of farm products and animals: on a competitive basis thereby enhancing the value of those
entries which secure a Championship or high rating by the judge.
The Show Is organised into sections Agri-Business Centre, Catering, Cattle, Cheese & Food, Countryside
Experience Area, Dog Show, Education, Health & Safety, Light Horse, Main Ring, Publicityi Poultryi
Pigeons, Rabbits and Cavies, Rural Life, Sheep, Goat Rare Breed, Shire Horse, Sponsorship, Trade Stands
Traffic & Trophies. Each section is run by an organising committee who each report to the Council of the
Society,
Volunteers provide a very considerable contribution to the Society in that the showground labour force
over 3 weeks in June each year is provided voluntarily. The extent of voluntary help does have a valuable
effect on costs and without such we would not be able to operate as a show and to support charitable
causes.
The Cheshire Agricultural Society organises annually The Royal Cheshire County Show as an inclusive
event to all. The Show in general offers many informal educational opportunities to the visiting public,
ranging from the exhibition of livestock, food production and cookery demonstrations through to
conservation of the natural environment and demonstration of rural crafts.
The Agricultural Centre, launched in 2008, not only offers a formal educational experience for the visiting
public but In particular, for the many organised school visits that attend the Show.
With regard to ensuring the Show remains inclusive, school groups enjoy a greatly reduced entrance
ticket whilst a reduced entrance ticket is offered to senior citizens, students and disabled visitors, In
addition, carers of disabled visitors are given free entry.
Furthermore, the Society organises a free return bus service from key locations in Knutsford and
Northwich to the showground on both days of the Show.
The Members of Council have paid due regard to guidance issued by the Charity Commission in deciding
what activities the Society should undertake,

CHESHIRE AGRICULTURAL SOCIETY CIO
Trustees, report (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
Achievements and performance
We started The Cheshire Agricultural Society CIO'S year with the AGM on the 22nd February held at Byley
Village Hall, this was held in the evening and followed by a buffet and social.
We elected our new President and Patroness for 2024 as below.
The 2024 President was J A Garnett DL FRAgS
The 2024 Patroness was Mrs Christine Newton
The Society's aims and objectives are linked to The Royal Cheshire County Show, which is held annually in
June.
The largest two-day Show facilitated by over 500 dedicated volunteers.
Cheshlre Agricultural Society planned for the 2024 Show in June, whilst having a busy showground
calendar of events throughout the year. The enthusiasm of the competitors on the two show days was
exceptional with good numbers of entries in many sections, thus providing you with the confidence is still
there that there is a desire for exhibitors to still show or compete with their livestock The wealher was
little cool on the Tuesday morning but remained dryi this was followed by sunny warm weather on the
Wednesday. We have increasing entries in the Light Horses, Sheep and Goat classes all expanding to the
point they are out growing their areas. Cattle exhibitors put on an excellent displayi which has become
customary, we had Kelvin Fletcher showing his cattle at the show for the first time which gave the cattle
section great exposure on TV and social media. We held the national Oairy Shorthorn Show; the cattle
section is becoming more difficult each year with restrictions put on the movements due to ongoing issues
of TB that are out of their control. The pigs had the luxury of the use of the new building again in 2024
and as ever they did not disappoint proving to be a firm favourite with the attending PLsblic, with the ring
sldes packed with spectators. The Alpacas were at the show for the second year, with the opportunity for
public to walk with, these are proving to be a popu5ar attraction. The Bidlea Agri Centre this year had a
Robotic Milking Machine on display again which proves extremely popular as does the sheep shearing
always pulling large crowds. The Roberts Bakery Food Theatre Live and Food Village hosting Celebrity
Chefs proved popular again, our great friend and supporter Jean Christophe Novelli appeared on the
Tuesday with his celebrity master chef partner Samia Longchambon on stage. There was also the TV 2012
master chef champion Shelina Permaloo on stage on the Wednesday supported by successful chefs from
local popular hotels and restaurants, Brian Mellor with Adie Munt from the Monastery in Manchester, Sean
Noonan from Mitton Hall, Tom Ince from the Refuge in Manchester, Jake Boyce Groobarbs Field Kitchen,
Woody Barlow provided Chefs from his renowned Cheshire Restaurants The Swan at Tarporley and The
Lion at Malpas, The Food Theatre Live and the newly designed food village in its second outing seemed to
be a firm favourite with the attending public. We must Lhank the enthusiasm of the public to attend the
show, their support is what will help us succeed and help tell others what an enjoyable day of
enterLainment we PLSt on offer. There were two packed show rings full of entertainment, The Main Ring,
and the Countryside Live Arena both with a full day's programme, with the Main Ring finishing with the
usual display of Young Farmers Floats and Water fight. There were displays from NAFAS, WI, NFU and the
BBRT with an array of Caltle, Pigs and Poultry, educating the public on the traditional breeds and why we
should support them to help them survive. The poultry team where back as strong as ever with one of the
largest live poultry exhibits in the Country, these were exhibited alongside what was become renowned
Country wide as the largest competition of eggs on the Country. This was followed on the second day with
a great display of Pigeons, Rabbits, and Cavies.
This year for the second time we ran an event on the Tuesday evening, live at the show with a headline
act BoyzLife and supported by local acts The young farniers held there ever popuSar tug-of-war
competition in the evening with a great turnout once again.
The enthusiasm we received from all our committed Principal Partners, Sponsors and Members was
remarkable and made it feel all worthwhile. We look forward to welcoming everyone back to Tablevt
Knutsford in 2025 to the cheshi￿ County Show Ground to the Royal Cheshire County Show.
This helped us maintain our aims and objectives, Lo educate all that is good about Cheshire and its
Agricultural and Rural Communities.

CHESHIRE AGRICULTURAL SOCIETY CIO
Trustees, report (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
Financial review
Whilst the show was an undoubted success, the year was financlally challenging as the Society battled
wlth rising costs, inflation and the demands of delivery a high quality show.
The results for the year set out in the annexed Statement of Financial Activities show that despite a 5.50/0
increase in income, there were net outgoing resources of £352,112 (2023: £303,653), The soclety's
deficit was partially offset by investment galns of £122,084 on the sale of long term listed inve5lments
whlch were reallsed to meet liablllties.
Since the year end the society's management have taken decisive action to mltigate future deficits,
without laking away from the show s offering or increaslng the cost for the paylng public, This action
Includes the tlghtening of financial monitoringi a full cost audit to Identify signlflcant savlngs and
Inltiatives to develop new revenue streams.
The reserves pollcy of the Soclety is to retain sufficlent resources to cover the annual cost of runnlng the
Show and thereby meet ony potential liabilltles. The Council of Members consider the current free reserve
level, whlch is in excess of £900,000 at the balance sheet date to be appropriate.
Investment Policy and Performance
The Directors Committee take5 a regular overvlew of the Investments (with the Treasurer's report) at
each meetlng. The directors will a150 take appropriate professional advice on specific matters as and when
requlred.
The establlshed policy for Cheshire Agricultural Soclety investment assets has been to retain 5ufflclent
liquldity in the current and deposit bank accounts to meet the regular runnlng costs. As a consequence of
5i9nlflcant falls In Interest rates a decislon was made previously to take a more active stance on the
investments and split the medlum to longer term requirements into varlous managed tranches as
follows:.
Directly managed funds portfolio with Rathbones
Open ended Investment portfolio with Seven Investment Management
Dlscretionary managed fund portfolio with NFU Mutual
Reduced level of cash deposits, sufficient to cover reQu1￿MentS for the Short term liquidity.
Each of these discretionary portfolios Is managed to a Balanced risk profile (i.e, between Cautlous and
Growth), wlthin the Managers definitions. These are monitored regularly by the Directors for performance
and liquidlty,
The value of the Investments (excluding cash) increased compared to the previous year end due to the
movement of the financial markets during 2024. Rathbones remit dividends back to the Soclety which
amounted to £19,040 in the year whereas Seven Investment Management retain income for investment
withln the fund. During the year £200,000 was withdrawn from the Rathbones investment and £150,000
from Seven Investment Management to fLFnd cashflow and capital expenditure,
The Members of Council have assessed the major risks to which the Society Is exposed, and a￿ satisfied
that systems are in place to mltlgate exposure to the major risks.
Risk factors
The Society is engaged in a continuous review process of all risks associated with the Society s activitles.
The primary risks are recognised as the health and safety of the public, exhibitors, and animals on and off
the showground during the preparation, the event, and the taking down of the Show. The Members
con51der that the systems they have in place to manage such risks as have already been ascertained
appear to be adequate in normal cirCumstan￿s.

CHESHIRE AGRICULTURAL SOCIETY CIO
Trustees, report (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
Plans for future periods
The Society has a sound financial base upon which to build for the future. It will endeavour to safeguard
nd grow the assets as indicated and facilitate the successful development of the The Royal Cheshire
County Show.
structurei governance and management
The Society was founded in 1838 and was reglstered as a charitable incorporated organisation on 17 April
2013. The Society Is governed by its Constitutlon.
The overall responsibility of the Society's affairs is vested in a Council of sixty elected members, All final
decisions are made by the Member5 of Council. Members of Council are normally elected to serve for a
Ihree year term with one third retiring each year by rotation. Any paid-up member is entitled to be
nominated for election to Council provided they have consented to nomination. Retiring Members of
Council are eligible by written nomination for re-election. The Members of Councll are the trustees of the
Society for the purposes of charity law.
The Members of Council (trustees) are familiar with the work of the Society having participated in the
Royal Cheshire County Show over a number of years. New Members of Council are famlliarised with the
work of the Society by the existing and continuing members.
The financial and general business affairs of the Society are vested in an Honorary Directors, Committee
of 12 Council members. All decisions of this committee shall be subject to approval or ratification by the
Councll of Members.
With the wlde ranging interests of the Members of Council, it would be reasonable to expect an interactlon
with the individuals and organisations they represent. Transactions are carried out at arm's length and
note 21 discloses any such transactions.
The tr
st
s, report Wa5 approved by the 8¢)ard of Members Of Council.
MrAPFord
Trustee

Cheshire Agricultural Society CIO
statement of trustees, responsibilities
For the year ended 31 October 2024
The Members of Council are responsible for preparing the Trustees, Report and the accounts 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 Members of Council to prepare accounts
for each financial year which give a true and fair view of the state of affairs of the Society and of the
incoming resources and application of resources of the Society for that year.
In preparing these accounts, the Members of Council are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make Judgements and estimates that are reasonable and prudent;
state whether applicable accounting Standards have been followed, subject to any material departures
disc105ed and explained In the accounts; and
prepare the accounts on the golng concern basis unless it is inappropriate to p￿Sume that the charity
will continue in operation.
The Member5 of Council are responsible for keeping sufficient accounting records that disclose with
reasonable accuracy at any time the flnancial position of the Society and enable them to ensure that the
accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and
the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities,

Cheshire Agricultural Society CIO
Independent auditor's report
To the Members of Council of Cheshire Agricultural Society CIO
Opinion
We have audited the financial statements of Cheshire Agricultural Society CIO (the 'Society') for the year
ended 31 October 2024 which comprise the statement of financial activities, the balance sheet, the
statement of cash flows and notes to the financial statements, including significant accounting pollcies. The
flnancial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, inc5uding Financial Reporting Standard 102 The Flnancial Reporting
standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice),
In our opinion, the flnancial statements:
give a true and fair view of the state of the charity's affairs as at 31 October 2024 and of its incoming
resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been p￿pared in accordance with the requirements of the Charities Act 2011.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilitie5 under those standards are further described in the Audltor's
responslbilities for the audit of the financlal statements section of our report, We are independent of the
Society In accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtalned is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to going concern
In auditing the financial statements, we have concluded that the trustees. use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any materlal uncertainties relatlng to events
or conditions that, individually or collectivelyi may cast significant doubt on the Society's ability to continue
as a going concern for a period of at least twelve months from when the fSnanclal statements are
authorised for issue.
Our responsibilities and the responsibilities of the Members of Council with respect to going concern are
described in the relevant sections of this report.
Other information
Thc other Information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The Members of Council are responslble for the other
information contained within the annual report. Our opinion on the financial statement5 does not cover the
other information and we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information
is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears to be materially misslated. If we identify such material inconslstencies or
apparent material misstatements, we are required to determine whether this gives rise to a material
misstatement in the financial statements themselves. If, based on the work we have performed, we
conclude that there is a material misstatement of this other information, we a￿ required to report that
fact.
We have nothing to report in this regard.

Cheshire Agricultural Society CIO
Independent auditor's report (continued)
To the Members of Council of Cheshire Agricultural Society CIO
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charitles (Accounts
and Reports) Regulations 2008 require us to report to you if, in our opinion..
the information given in the financial statements is inconslstent in any material respect with the
trustees. report; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records. or
we have not received all the information and explanations we requlre for our audit.
Responslbllities of Members of Council
A5 explained more fully in the Statement of Trustees, Responsibilities, the trustees, are responsible for the
preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal
control as the Members of Council detem)ine 15 necessary to enable the preparation of accounts that are
free from material misstatement, whether due to fraud or error.
In preparing the accounts, the Members of Council are responsible for assessing the Society's ability to
continue as a going concern, disclosingi as applicable, matters relaled to going concern and uslng the
going concern basis of accounting unless the Members of Council either intend to cease operations, or
have no realistic alternative but to do so.
Auditor's responslblllties for the audit of the flnanclal statements
We have been appointed as auditor under section 144 of the Charities Art 2011 and report in accordance
wlth the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that
includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an
udit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements,
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed
below,

Cheshire Agricultural Society CIO
Independent auditor's report (continued)
To the Members of Council of Cheshire Agricultural Society CIO
The extent to which the audit was considered capable of detecting irregularities Includlng fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities,
including fraud and non-cofflpliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or recognise non-compliance with applicable laws
and reg ulations.
we identified the laws and regulations applicable to the society through discussions with directors
and other managemenl, and from our previous knowledge and experience of the client and
businesses In similar sectors;
we assessed the extent of compllance with the laws and regulations identlfied above through
making enquiries of management and inspecting legal correspondence. and
identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the society's financial statements to material misstatement, includlng
obtaining an understanding of how fraud might occur, by".
makin9 enquiries of management as to where they considered there was susceptibility to fraud,
their knowledge of actual, suspected and alleged fraud. and
considering the internal controls in place to mitigate risks of fraud and non-compliance wlth laws
and reg ulations.
To address the risk of fraud through management bias and overrlde of controls, we:
performed analytical procedures to identify any unusual or unexpected relatlonshlps.
tested Journal entries to identify unusual transactions.
assessed whether judgements and assumptions made in determining the accounting estimates
were indicative of potential bias; and
investlgated the rationale behind significant or unusual transactions.
In response to the rlsk of irregularlties and non-compliance wlth laws and regulations, we designed
procedures which included, but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance.
enquiring of management as to actual and potential litigation and claims;
reviewing legal and professional expenses for potential ongoing litigation work. and
reviewing correspondence with HMRC.
There are inherent limitations In our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-
compliance, Auditlng standards also limit the audit procedures required to identify non-compliance with
laws and regulations to enquiry of the show director and other management and the inspection of
regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as
they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website al:
https://www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
io-

Cheshire Agricultural Society CIO
Independent auditor's report (continued)
To the Members of Council of Cheshire Agricultural Society CIO
other matters
Your attention 15 drawn to the fact that the charity has prepared financial statement5 in accordance with
"Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and
Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charlties:
Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regLslatlons
but has now been withdrawn.
This has been done In order for the financial statements to provide a true and fair view in accordance wlth
current Generally Accepted Accounting Practice.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to
the charity's trustees those matters we are required to state to them in an auditor's report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the
opinions we have formed.
DJH Audlt Llmlted
..l..A. . J.. lts!C
Accountants
statutory Audltor
st Georges House
56 Peter Street
Manchester
M3 2NQ
DJH Audit Limited 15 eligible for appointment as auditor of the Society by virtue of its eligibllity for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
li

CHESHIRE AGRICULTURAL SOCIETY CIO
statement of financial activities
including income and expenditure account
FOR THE YEAR ENDED 31 OCTOBER 2024
Unrestrlcted
funds
2024
Unrestricted
funds
2023
Notes
In
me from.
Donations and legacies
Charitable activities
other trading activities
Investments
14,975
877,494
155,707
30,320
8,158
800,429
160,253
53,059
Total Income
1,078,496
1,021,899
endl
Raising funds
Charitable activities
23,455
1,407,153
26,569
1,298,983
Total resources expended
1,430,608
1,325,552
Net (outgoing)/incomlng resources
(352, L 121
1303,653)
Net gains/(losses) on investments
13
122,084
{30,6141
Net movement in funds
(230,028)
1334,267)
Fund balances at l November 2023
1,568,052
1,902,3L9
Fund balances at 31 October 2024
1,338,024
1,568,052
The statement of financial activities includes all gains and losses recognised in the year.
All Income and expenditure derive from continuing activities.
12

CHESHIRE AGRICULTURAL SOCIETY CIO
Balance sheet
AS AT 31 OCTOBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
14
15
436,933
954.305
426,558
1,184,697
1,391,238
1,611,255
Current assets
Debtors
Cash at bank and in hand
16
33,107
139,327
31,512
20,403
172,434
51,915
Creditors: amounts falling due
withln one year
17
(225,648)
(95,118)
Net current liabilities
153,2141
(43,203)
Total assets less current liabllltles
1,338,024
1,568,052
Income funds
Designated funds
General unrestricted funds
19
1,338,024
1,568,052
Unrestricted funds
1,338,024
1,568,052
1.338,024
1,568,052
The acc
MrAPFord
Trustee
13

CHESHIRE AGRICULTURAL SOCIETY CIO
Statement of cash flows
FOR THE YEAR ENDED 31 OCTOBER 2024
2024
2023
Notes
Cash flows from operating activities
Cash absorbed by operations
23
(227,474)
{348,799)
Investing activities
Purchase of tangible fixed assets
Purchase of Investments
Proceeds on disposal of investments
Investment income
(36.3981
(95,283)
447,759
30,320
(195. 142)
{117,129)
601,399
53,059
Net cash generated from investing
activities
346.398
342,187
Net cash used In financlng actlvltles
Net Increase/(decrease) in cash and cash
equivalents
118,924
(6,612)
Cash and cash equlvalents at beginning of year
20.403
27,015
Cash and cash equivalents at end of year
139,327
20,403
14-

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies
Charity informatlon
Cheshire Agricultural Society CIO is a charitable incorporated organisation, registered with the
Charity Commission in England and Wales. The principal pla￿ of business is Clay House Farm,
Flittogate Lane, Tabley, Knutsford, Cheshire, WA16 OHJ.
1.1 Accounting conventlon
The financial statements have been prepared in accordance with the Society's Constitution, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" ("FFiS 102.) and the Charlties SORP "Accounting and Reporting by Charities., 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) (effective I
January 2019). The Society is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008
only to the extent required to provide a true and fair view. This departure has involved following the
Statement OF Recommended Practice for charities applying FRS 102 rather than the version of the
Statement of Recommended Practice which is referred to in the Regulations but which has since been
withdrawn.
The financial statements are p￿ pared in sterlingi which is the functional currency of the Society.
Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include certain
fixed assets at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
Details of plans to curb deficits made can be seen in the trustees annual report. At the time of
approving the financial statements, the Members of Council have a reasonable expectation that the
Society has adequate resources to continue in operational existence for the foreseeable future. Thus
the Members of Council continue to adopt the going concern basis of accounting in preparing the
financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the Members of Councll in furtherance of
their charitable objectives.
1.4 Incomlng resources
Income 15 recognised when the Society 15 legally entitled to it after any performance conditions have
been met, the amounts can be measured reliably. and it is probable that income will be recelved.
1.5 Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred.
The costs of charitable activities include direct and support costs attributed to The Royal Cheshire
County Show.
Governance costs include those costs associated with meeting the constitutional and statulory
requirements of the Society and include the audit fees and costs linked to the management of the
Society.
15

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting pollcies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their
useful lives on the following bases:
Showground Improvements
Showground Equipment
Office Equipment
Office Improvements
Trophies
Over the period of the lease
IOWO reducing balance
250/D Strai9ht line
Over the period of the lease
The gain or loss arlsing on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial
activities.
1.7 Retirement benefits
Payments to defined contrlbullon retirement benefit schemes are charged as an expense as they fall
due,
1.8 Leases
Rentals payable under operating leases are charged to income on a straight line basis over the term
of the relevant lease,
1.9 Investments
Invcstments are included at market value. The market value of listed investments Is taken as the
stock exchange value at the balance sheet date. Any unrealised gains or losses on investments are
taken to the Statement of Financial Activities.
1.10 Government grants
Government grants are recognlsed 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 wlll be recelved.
A grant that specifies performantt 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 procceds are received or re￿1Vable. A grant received before the recognition criterla
are satisfied is recognised a5 a liability.
Donations and legacles
Unrestrlcted Unrestricted
funds
funds
2024
2023
Donations and gifts
14,975
8.158
16-

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
Income from other trading activities
Unrestricted Unrestrlcted
funds
funds
2024
2023
Farming and HS2 income
Letting and licensing arrangements
69,968
85,739
81,076
79,177
Other trading activities
155,707
160,253
Income from charltable actlvlties
Total
2024
Tot41
2023
Sales withln charitable activities
877,494
800,429
Analysls by fund
Unrestricted funds
877,494
800,429
Investment income
2024
2023
Income from listed investments - Rathbones
Income from Si5ted investments - Other
Profit on sale of shares
Interest receivable
19,040
9,679
18.810
8.777
22,676
2,796
1.60L
30,320
53,059
17-

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
Ralslng funds
2024
2023
Trading costs:
Costs of hiring the showground and farming expenditure
14,089
13,548
Investment management fees
9.366
13,021
23,455
26,569
18-

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
Charltable activities
Total
2024
Total
2023
Royal Cheshire County Show
Depreciation and impairmont
Rent
Sundry expenses
Computer maintenance
Repairs and renewals
Prizes
Cornmission on sale of tickets
Promotional material
Advertising
Marketing and design
Cost of new website
Showground expenditure
Judges and stewards
Postage and telephone
Catering expenses
Travelling expenses
Marquee hire
Donations payable
Stewards supper expenditure
Subscriptions
Affiliation fees
Credit card charges
Bank charges
Trade Fair expenditure
26,023
58,L82
5,7B2
21,362
6,258
57,859
20,516
11,539
48,472
31,320
12,500
585,469
11,370
11,625
32,935
2,983
225,783
9,L19
3,770
4,956
1,965
6,902
7,407
24,200
42,068
7,722
13,101
20,043
61,611
16,695
13,688
43,843
23,545
576,533
LO,841
ii,ioi
27,386
1,587
218,466
5,700
2,098
1,795
1,569
8,487
6,184
95L
1,204,097
1,139,214
Share of support costs (see note 9)
Share of governance costs (see note 9)
171,338
31,718
130,705
27,064
1.407,153
1,296,983
John Platt Scholarship
Grant funding of activitles
2,000
1,407,153
L,298,983
Analysis by fund
Unrestricted funds
1,407,153
1,298,983
19

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
Grants payable
John Platt Scholarship
The Society is a member of the John Platt Scholarship along with Reaseheath College which awards
two candidates each year a maximum of £2,000. The scholarship is to enable a young person to
travel in order to further advance a career in agriculture. The Society contributes 500/0 of the
scholarships awarded.
This year there were no scholarships awarded (2023 - 1 scholar5hlp awarded).
Support costs allocated to activities
Total
2024
Total
2023
staff costs
Office accommodation costs
Governance
147,508
23,830
3L,718
108,926
21,779
27,064
203,056
157,769
2024
2023
Governance costs comprise:
staff costs
Audit fees
Accountancy
Legal and professional
Office stationery
Postage and telephone
16,390
6,075
3,800
2,751
1,411
L,291
12,103
3,200
2,878
4,449
3,200
1,234
31,718
27,064
10 Net movement in funds
2024
2023
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
6,075
26,023
3,200
24,200
11 Members Of Council
None of the Members of Council (or any persons connected with them) received any remuneration or
benefits from the Society during the year for their role as a trustee.
20-

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
12 Employees
Number of employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Office and management
Employment costs
2024
2023
Wages and salaries
Social security costs
other pension costs
150,328
8,663
4,907
111,333
5,327
4,369
163,898
121,029
There were no employees whose annual remuneration was £60,000 or more.
13 Galns and losses on Investments
Unrestrlcted Unrestrlcted
fund5
funds
2024
2023
Gains/(losses) arising on:
Revaluatlon of investments
Sale of investments
71,613
50,471
(30,614)
122,084
(30,614)
21

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
14 Tanglble flxed assets
Show9round Showground
Improvement
Equlpment
Offl¢e
Offl¢¢
Equlprnent Improvement
Trophles
Total
Cost
At l November 2023
Additions
847,103
26,268
29L,124
8,200
60,700
1,930
43,784
25.655
1,268,366
36,398
At 31 October 2024
873,371
299,324
62.630
43,784
25,6S5
1,304,764
Depreciation and
Impalrment
At l November 2023
Depreciation charged in
the year
517.180
221,333
59,511
43,784
841,808
17,467
7,802
754
26,023
At 31 October 2024
534,647
229,135
60,265
43,784
867,83L
Carrying amount
At 31 October 2024
338,724
70,189
2,365
25,655
436,933
At 31 October 2023
329,923
69,791
I,L89
25,655
426,558
22-

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
15 Fixed asset investments
Listed
Investments
Cash in
portfollo
Total
Cost or valuatlon
At l November 2023
Additions
Valuation changes
Disp05als
1.168,89 L
95.283
71,613
(391.270)
15,806
438,749
1,184,697
534,032
71,613
(836,037)
(444.767)
At 31 October 2024
944,517
9,788
954,305
Carrylng amount
At 31 October 2024
944,517
9,788
954,305
At 31 Ortober 2023
I, I68,891
15,806
1,184,697
2024
2023
Investments at fair value comprise:
Directly invested funds portfolio (l)
Open ended investment company (2)
Shares in NWF Group PLC
NFU Mutual UK Growth Investments
580,104
10,173
52,388
301,852
690,172
141,266
7L,520
265,933
944,517
1,168,891
(l) The portfolio of directly invested funds (Rathbones) is an income fund, The income from the
portfolio for the year was £19,040 (2023 £18,810). Management charges of £6,374 (2023
£6,055} were deducted from the funds held. The portfollo also held an amount in cash of £4,755
(2023 - £10,774) at the year end.
(2) The investment with the open ended investment company {Seven Investment Management) is an
accuMulat￿On fund for which any income received is automatically reinvested into the fund. The
tnanagement fees and service charges are applied directly to the fund. The fees included in the
accounts of £1,984 (2023
£5,958) are based on an approximate calculation of the Society's
proportion of the total charges applied to the fund. The portfolio also held an amount in cash of £33
(2023 - É33) at the year end.
23

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
16 Debtors
2024
2023
Amounts falllng due within one year:
Trade debtor5
Other debtors
Prepayments and accrued income
2,160
350
13,527
17,635
30,947
33,107
31,512
17 Creditors= amounts falling due within one year
2024
2023
Taxation and sodal security
Deferred Income
Trade creditors
Other creditors
Accruals
12,630
18,200
170,740
2,324
21,754
9,719
53,639
2,366
29,394
225,648
95,118
18 Retirement benefit schemes
2024
2023
Deflned contributlon schemes
Char9e to profit or loss in respect of defined contribution schemes
4,907
4,369
The Society operates a defined contribution pension scheme for all qualifying employees. The assets
of the scheme are held separately from those of the Society in an independently administered fund.
19 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants
which are not subject to specific conditions by donor5 and grantors as to how they may be used.
These include designated funds which have been set aside out of unrestricted funds by the trustees
for specific purposes.
Ati
November
2023
Incomlng
resources
Resources
expended
Gains and At 31 October
losses
2024
General funds
1.568,052
1,078,496
(1,430,608)
122,084
1,338,024
24-

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
19 Unrestricted funds
(Contlnued)
Prevlous year:
Atl
November
2022
Incoming
resources
Resources
expended
Gains and At 31 October
1055es
2023
General funds
1,902.319
1,02 1,899
(1,325,552)
130,6141
1,568,052
20 Operating lease commitments
Lessee
Amounts recognised in profit or loss as an expense during the period in respect of operating lease
arrangements are as follows:
2024
2023
Minimum lease payment5 under operating leases
84,052
67,266
84,052
67,266
At the reporting end date the Society had outstanding commitments for future minimum lease
payments under non-cancellable operating leases, which fall due as follows:
2024
2023
Within one year
Between two and five years
Leases expiring after more than five years
18,9L7
1,200
1,041,250
22,663
1,092,250
I,061,367
1,114,913
Lessor
At the reporting end date the Society had contracted with tenants for the following minimum lease
payments:
2024
2023
Within one year
4,500
4,500
25-

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
20 Operating lease commitments
(Continued)
The Society holds a lease for the premises and showground land. Under the agreement there is an
annual fixed rent (subject to rent reviews), and a variable rental element calculated as 20010 of the
annual income received by the Society from hiring the showground when not in use by the Society.
The variable rent amounted to £11,474 (2023 - £10,794) and is included in the minimum lease
payments during the period.
The variable rent Is not included in the outstanding commitments for future minimum lease
payments.
21 Related party transactlons
Transactions wlth related parties
During the year the following trustees carried out work on the showground relating to the Royal
Cheshire County Show and other maintenance:
RJ & J Moore (S Blakeman Esq) - £7,188 (2023 - £7,549)
J Gate Esq - £nil12023 - £420)
A Kay Esq - £832 (2023 - £866)
R.T. Contracting Services {R Thomason Esq) - £513 (2023 - £528)
A P Ford & Partners (A P Ford Esq) - £18,299 (2023 - £14,705)
R Ford Esq - £1,325 {2023 - £1,182)
O Leech Esq- £414 <2023- £nil)
C Webb Esq - £1,053 (2023 - £246)
E Whittaker Esq £1,709 (2023 £1,419)
Amounts were paid to trustees for providing legal and professional fees to the Society. The amount
comprised.,
KMT Farming & Consultancy (K Thomas Esq) - El,778 (2023 - £1,499)
Rostons Limited {T Rimmer Esq) - £913 (2023 - £nil)
The outstanding balances with related parties were as follows:
A P Ford & Partners (A P Ford Esq) £3,174 {2023 - £585)
KMT Farming & Consultancy (K Thomas Esq) - £1,500 (2023 - £nil)
22 Analysis of changes In net funds
The Society had no material debt during the year,
26-

CHESHIRE AGRICULTURAL SOCIETY CIO
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 OCTOBER 2024
23 Cash generated from operatlons
2024
2023
Deficit for the year
(230,0281
(334,267)
Adjustments for:
Investment income recognised in profit or loss
Gain on disposal of investments
Fair value gain5 and losses on investments
Depreciation and impairment of tan9ible fixed assets
(30,320)
150,4711
(71,6 13)
26,023
(53,059)
30,614
24,200
Movements in working capital:
(Increase) in debtors
Increase/(decrease) in creditors
Increase in deferred income
(1,5951
122,049
8,481
{k8,7081
(2,5131
4.934
Cash absorbed by operations
(227,474)
{348,799)
27-