COMPANY REGISTRATION NUMBER: 10735714 CHARITY REGISTRATION NUMBER: 1176889 Gosforth Agricultural Society Company Limited by Guarantee Unaudited Financial Statements 31 October 2024 SAINT & CO Chartered accountants 12113 Church Street Whitehaven Cumbria CA28 7AY Gosforth Agricultural Society Company Limited by Guarantee Financlal Statements Year ended 31 October 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities {including income and expendrture account) Statement of financial position Notes to the financial statements The following pages do not form part of the finanaal statements Detailed statement of financial activitie5 19 Notes to the detailed statement of financial activities 21 Gosforth Agricultural Soclety Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Director's Report) Year ended 31 Ortober 2024 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 31 October 2024. Reference and administrative details Registered charity name G05forth Agricultural Society Charity registration number 1176889 Company registratlon number 10735714 Principal ¢)ffice and registered Field Croft office Carleton Holmrook Cumbria England CA19 1 The trustees Mr F Gate Mrj LPark Ms E Ostle Ms M Pratt Mr B NTyson Mr J Hilton Mr J Nichol Ms L R Strand Mr D Hilton MrG Mounsey Mr R A Sibbald Independent examlner lan Scott BAIHonsl, FCA. DChA Saint & Co 12113 Church Street Whitehaven Cumbria CA28 7AY Gosforth Agricultural Society Company Llmited by Guarantee Trustees, Annual Report Ilncorporatin8 the Dirertor's Report) {¢tyrfiwEdJ Year ended 31 October 2024 Structure• governance and managernent The company is a registered charity limited by guarantee. The charity was incorporated on 24 April 2017. RISK MANAGEMENT The directors have e¥amined the major strategic. business and operational risks which the charity faces and confimi that systems have been e5tabli5hed to enable regular reports be produced so that the necessary steps can be taken to lessen the risks. REMUNERATION All directors give their time freely and no directors remunerdtion was paid in the year. Objectives and artlvlties The objectives of the centre are to support and promote agricultural, and rural and allied industries, in Gosforth and the surrounding area and in particular. but not exclusively. by holding an annual agricultural and horticultural show and advancing agricultural education. We have referred to the guidance contsined in the Charity Commission's general guidance on publi benefit when reviewing our aims and objectives and in planning our future activities. Achlevements and perfomiance There were some worries prior to the show with ￿gard to the erection of tents and many meetings were had before some volunteers were found to make sure our show and many others in Cumbria could go ahead. To those who turned up the show really appreciated it. It was a beautiful sunny day and stayed warm too, what a difference the weather makes. The crowds just kept coming, the show field was full. cars were turned away from the gates due to being to many for us to cater for. the show ended up with one of the highest gate takings ever. It turned out that our free car park was also full and many had resorted to parking on the roadside to Seascale. A very good tumout of trade stand5 many feBular attendees but plenty of new ones too- we are starting to find it difficult to accommodate the tKJokings. which is a nice position to be in. In general entrie5 were good especially in the sheep section where there were almost So entries in the Young Handler classes alone. The Handicraft section excelled themselves again with high entries and some good sponsorship for their classes. The vintage parade ahead of the grand parade was well received and all enjoyed Alan Tubman talking to the entries. Poultry were back after a few years away from the show, a very good show of birds. Horse entries remained much the same but the location of the Working hunter ring continues to be a sutcess and hopefulW more will come to use it. Unfortunately, we did not Eet a Cumberland and Wrestling Championship this year but there was still a large number of competitors for the tlasses we had. It is a brilliant spectator sport. Gosforth Agricultural S¢Kiety Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dirertor's Report) Year ended 31 October 2024 Financial review Following a surplus of £15,805 (£4,669 surplus 20231 on the general fund. there was a total of £114,248 in net assets on the general fund 1£98.443 20231- Restricted funds totalled £3,492 at 31 October 20241£4.108 20231. RESERVES POUCY It is the policy of the charity to maintain unrestritted fund5, which are the free reserves of the charity. at a level which equates to about 12 months unrestricted expenditure plus an allowance for any forecast shortfall on project expenditure. This provide5 sufficient furbds to cover management and administration and support costs. At the end of the financial period unrestricted reserves are £114,248. Plans for future periods Plans are already underway for the 2025 show due to tske place on 16th August 2025. Small company provisions This report has been prepared in accordance with the provistons applicable to companies entitled to the small companies exemption. The trustees. annual report was approved on 27 March 2025 and Signed on behalf of the board of trustees by.. Mrj LPark Trustee J L.BJ Gosforth Agricultural Society Company Limited by Guarantee Independent Examiner's Report to the Trustees of Gosforth Agricuftural Society Year ended 31 October 2024 I report to the trustees on my examination of the financial statements of Gosforth Agricultural Society I'the charity'l for the year ended 31 October 2024. Responsibilities and basis of report As the trustees of the company land also its directors for the purpose5 of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2(XJ61'the 2(M)6 ACVI. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2C(J6 Act and are eligible for independent examination, I report in respect of my examination of the charitys accounts as carried out under section 145 of the Charities Art 20111'the 2011 Act'l- In carrying out my examination I have followed the Directions given by the Charity Commission under section 145I511bl of the 2011 Act. Independent examinerfs ststernent I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 21XJ6 Act,. or the financial statement5 do not accord with those record5,' or the financial statements do not comply wtth the accounting requirements of section 396 of the 2(K16 Act other than any requirement that the accounts gwe a 'true and fair, view which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Prartice for accounting and reporting bv charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Gosforth Agricultural Society Company Limited by Guarantee Independent Examiner's Report to the Trustees of Gosforth Agricultural Society Year ended 31 Ortober 2024 I have no concerns and have come across no other matters in connection wtth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. lan Scott BAIHonsl, FC4. DChA Saint & Co 12113 Church Street Whitehaven Cumbria CA28 7AY In(Jependent Examiner Gosforth Agricultural Society Company Limited by Guarantee Statement of Flnancial Activities lincluding income and expenditure account) Year ended 31 October 2024 2024 Resirirted funds Total fund5 Total funds 2023 Unrestricted funds Income and endowments Donations and legacie5 Charitable activities Investment income 10,064 40.748 4,035 10.064 40,748 4,035 3,651 37,266 3.144 Total income 54.847 54,847 44,061 Expenditure Expenditure on charitable activitie5 Other expenditure Total expendlture 38.130 912 616 38.746 912 40,017 li 39.042 616 39,658 40,117 Net income and net movement in funds 15,805 16161 15,189 3,944 Reconciliation of funds Total funds brought forward 98.443 4.108 102.551 98.607 Total funds carried forward 114,248 3.492 117,740 102,551 The statement of financial activities intludes all gains and losses recognised in the year. All income and expenditure derive from continuing attivities. ThE nrtes on pa8es 9 to 17forni prtof thesefinanrial statem￿t Gosforth Agricultural Society Company Limited by Guarantee Statement of Financial Posltlon 31 October 2024 2024 2023 Flxed a55etS Tangible fixed assets 15 60.420 57.648 Current assets Debtors Cash at bank and in hand 16 66.859 60,456 66,919 60,456 Creditor5: amounts fallln8 due within one year Net current assets 17 9,S99 15,553 57.320 44,903 Total assets less current liabilities 117,740 102.551 Net assets 117,740 102,551 Funds of the charity Restricted funds Unrestricted funds 3,492 114,248 4.108 98,443 Totsl charity funds 18 117,740 102,551 For the year ending 31 October 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2rx)6 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question accordance with section 476: The directors acknowledge their respon￿bIlItIeS for complying with the requirements of the Act with respect to accounting records and the preparation of financial ststements. These financial statements have been prepared in accordance with the provisions applicable to ompanies subject to the small companies. regime. The statement of financial position continues on the following page. The notes on pages 9 to 17 form p4rt of these fJn•noal statemtrts. Gosforth Agricultural Society Company Llmited by Guarantee Statement of Financial Position i