COMPANY REGISTRATION NUMBER: 10735714 CHARrrY REGISTRATION NUMBER: 1176889 Gosforth Agrlcultural Soclety Company Limited by Guarantee Unaudited Financial Statements 31 October 2025 SAINT & CO Chartered accountants 12/13 Church Street Whitehaven Cumbria CA28 7AY
Gosforth Agricultural Society Company Limited by Guarantee Flnandal Statements Year ended 31 October 2025 Page Trustees, annual report (incorporating the director's report} Independent examiner's report to the tTUStees Statement of finandal activitie5 {includin8 income and expenditure attountl Statement of financlal position Notes to the financial 5tatemÈnts The followin8 pages do not forni part of the financlal statements Detailed statement of financial activities 19 Notes to the detailed statement of financial attivities 21
Gosforth Agrlcultural Society Company Umlted by Guarantse Trustees. Annual Report (Incorwatlng the Dtrertorfs Report) Year ended 31 Ortober 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 31 October 2025. RefereTr¢e and admlnlstratlve detsils Retsered ¢harity name Charity regtstration number Gosfonh P£ricultural Society 1176889 Company re8istrathn number 10735714 Princlpal offke and reghtered Field Croft office Carfeton Holmrook Curnbria England CA19 IYT The tntstees Mr FGate MrJLPark Ms E Ostle Ms M Pratt Mr 8 N Tyson Mrj HIOn Mrj Nichol Ms L R Strand Mr D Hilton MrG Mounsey Mr RASibbald Independent examlner lan Scott BAIHons), FCA. DChA Saint & Co 12113 Church Street Whitehaven Cumbria CA28 7AY
Gosforth Agricultural Society Companv Umited by Guardntee Trustees, Annual Report Ilncorporating the Dlrertor's Rewt) 1¢ Year ended 31 Ortober 2025 Structurefft governance and manrfement The company is a registered charity limited by guarantee. The charty was incorporated on 24 April 2017. RISK MANAGEMENT The directors have examined the rnaior strategic. business ond operational risks which the charity faces and confim that systems have been established to enable regular Trports be produced so that the necessary steps can be taken to SSen the risk* REMUNERATION All directors give their time freety and no directors remuneration was paKI in the year. Objertlves and acti¥ltles The obiectives of the centre are to support and promote ag17cultural. and rural and allied industries, in Gosforth and the surrounding area and in particular. but not eXclusNe, by holding an annual agricultural and horticultural show and advancing agricultural education. We have referred to the guidance contained in tlk Chartty ComMissn.5 general guidance on public benefrt when reviewing our aims and objectives and in planning our firture activities. Achiev¢rnents and perf0mnCe The run up to the show was quite smooth apart from the postal entr5 for the horse / INestock classes. Thls was caused by issues at the post office, staff shortage5 meant deliverie5 were on happenin8 weekly. Many of the entries came during the week of the closing date, maklng it a rush to get the catslogue ready. The Show enjoyed another great doy weather wise. bringing In large numbers of vlsitors. so much so we were running out of parking spaces. The chair opened up one of his fields near the show ground to help keep the highway dear. Trade stands were up slightty on previous years and all seemed to enjoy a fruitful day. many wrote to thank the show afterwards. The general entries remained good, with sheep still bel super tKipular and young handler classes being well supported. The show didn't have an official attraction this year, but instead asked show jumper Richard Nicholl to give a show jumpin8 demonstration which was well reIved by spectator5. This year, the handicraft and horticulture tent asked for a grant to hire a marquee which was a little wider than the normal tent. This turned out to be a huge SucsS the handicraft settion were thrilled to bits with how it all flowed so much better on the day. Having the two sections under the same roof with dfviding wall also worked really well. The Cumberland and Westmorland wrestling was moved to more level aa on the field by the collerting rin8. and entries were good with the wrestling runnin8 over until after 5pm. There was plenty of competition in the horses, dog5, vinta8e and cattle sections too, which meant there was plenty for all comers to see and do.
Gosforth Agricultural Soclety Company Limlted by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) ftL¥th Year ended 31 Ortober 2025 Hnandal review Following a surplus of £5.537 1£15.805 surplu5 20241 on the general fund. there was a total of £119.785 in net assets on the general fund1£114.248 2024). Restrrcted funds totalled £2,968 at 31 October 2025 (E3.492 20241. RESERVES POLICY It is the policy of the chartty to maintain unrestricted funds. which a the free reseNe5 of the charity, at a level which equates to aLK)ut 12 months unrestricted expenditure plus an allowance for any forecast shortfall on project expenditure. Thi5 provides sufficient fiJnd5 to cover management and administration arNI support costs. At the end of the financial per unrestrlcted reseNes are £119,785. Plans for future perfods Plans are aladY underway forthe 2026 show due to take place on 15th August 2026. Small company provistons This report has been prepared in accordance with the Pfovtsions applicable to companies entitled to the small companres exemption. The trustees, annual pOrt was approved on 12 March 2026 and signed on behalf of the board of trustees by. MTJ LPark Trustee J L.01
Gosforth Agricultural Society Company Limited by Guardntee Independent Ey2miner's Report to the Trustees of G05f(Kth A8rfcultural 5odety Year ended 31 October 2025 I report to the trustees on my examination of the finandal statements of G05forth Agrlcultural Society I't charity,) for the year ended 31 Octobef 2025. Responslbilities and basi5 of report As the trustees of the company {and also tts directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 21KJ61'the 21))6 ACY). Having satIsfd myself that the accounts of the company are not required to be audited under Part 16 of the 2CM)6 Aci and are eligible for independent examination. I report in respert of mv examination of the chariVs accounts as carried out under section 145 of the Charities Act 20111'the 2011 Art.). In carying out my examination I have followed the Directions given by the Charity Commission urKier section 14515llbl of the 2011 Att. Independent examinerfs sktement I have completed my examination. I confimi that no matters have come to my attention In connection with the examination giving me cause to believe= accounting records were not kept in spert of the tharity as requlred by section 386 of the 2006 Art,. or the financial ststements do not accord with those rttords; or the financial ststements do rt comply with the accounting requirements of section 396 of the 2CX)6 Act other than any requirement that the accounts gNe 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 Practice for accounting and reportin8 by charities applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}.
Gosforth Agrlcultural Society Company Llmited by Guarantee Independent Examlner's Report to the Trustees of Gosforth Agrfcultural SoCiety(¢Wtthll Year ended 31 Ortober 2025 I have no concerns and have come across no other matters in connection wtth the examination to which attention should be drawn in this in order to enable a proper understanding of the accounts to be reached. lan Scott BAIHonsl. OChA Salnt & Co 12113 Church Street Whttehaven Cumbria CA28 7AY Independent Examiner
Gosforth Agricultural Society Company Limlted by Guarantee Statement of Financial Artlvitles (includlng Incorne and expenditure a(CntI Year ended 31 Ociober 2025 Unstried funds 2024 Restricted funds Total funds Total funds Income and endowments Donations and legacies Charitable activities Investment income 420 35,680 3.335 7,436 7,856 35.6 3.335 10.064 40,748 4,035 Total Inc¢Mne 39.435 7,436 46.871 EXpendire Expenditure on charitstAe artNlties Other expenditu Total expenditure 54.847 32.648 1,250 7,960 li 40.608 1.250 38,746 912 33.898 7,960 41,858 39.658 Net Incorne and rt movement In fun(ts 5,537 15241 5.013 15,189 Reconciliation of fvnds Totsl funds brou8ht forward Total funds carried forward 114,248 3.492 117,740 102.551 119.785 122.753 117.740 The statement of financial attwrties includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Gosforth Agricultural Society Company Limlted by Guarantee Statement of Flnandal Position 31 October 2025 2025 2024 Hxed assets Tangible fixed assets 15 58,363 60A20 Current ass•ts Debtors Cash at bank and in hand 16 60 66,859 73.778 75,578 66,919 Credltors: amounts falllng withln one year Net current assets Total asset$ less current Ilabillties Net assets 17 11.188 9,599 64,3 57,320 122.753 117,740 122,753 117,740 Fynd5 of the tharity Restritted funds Unrestricted fvnd5 Total charlty fund5 2,968 119.785 3,492 114.248 18 122.753 117.740 For the year ending 31 October 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2C¥)6 relating to small companies. D1ctors, responsibilities: The members have not requlred the tompary to obtsin an audit of its financial statements for the year in question in accordance with section 476: The directors acknowledge their responsibilities for complyin8 with the requirements of the Act wlth respect to accountin8 records and the preparation of financial statements. These fiTrancial statements have been prepared in accordance with the provisions applicable to companies subject to the gnall companles, regime. The Statement of financial position continues on the following page.
Gosforth A8ricultural Society Company Umlted by Guarantee Statement of Flnanclal Posltion 31 Ortober 2025 These financial statements were approved by the board of trust&s and authorised for issue on 12 March 2026. and are signed on behalf of the board by: Mrj Lpark Trustee The PaKe$9to 17 fiTh partofthese fknarKkl staternen
Gosforth Agricultural Society Company Umlted by Guarantee Notes to the Flnandal Ststernents Year ended 31 October 2025 General IbrforniatS¢) The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wale5 and a registe charity in England and Wale5. The address of the registered office is Field Croft, Carleton. Holmrook. Cumbria. Engtand, CA19 I. statsMe of cornpllance These financial ststements 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 at¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 (Charities SORP IFRS 1021) and the Companies Act 2Ix)6. Accountlng pollcies Basis of preparath)n The flnancial statements have been prepared on the historical cost basis, a5 modified by the revaluation of certain financial assets and liabilities ar)d investment properties measured at fair value through income or expenditu. The financial statements are prepared in sterlin& which is the functK)nal currency of the entity. Golng concern There are no material uncertainties about the charlty's ability to continue. Judgements and key sourtes of estlmatk•n uncertainty The preparatkin of the financlal statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and jud8ements are continualty reviewed and are based on experience and other factors. including expertations of future events that are believed to be asonable under the circuMstans. The judgement5 (apart from those involving estimations) that management has made in the process of applying the entity'5 accounting policies and that have the most significant effect on the amounts reco8nised in the financial Statements are as follows.. Accounting estimates and assumptions are made conceming the future and. by their natu, will rarety equal the related actual outcome. The kry assumptions and other sources of estimation Lrncertainty that have a significant risk of causlng a material adjustment to the carrying amounts of assets and liabilities within the next financial year are a5 follow&
Gosforth Agricultural Society Company Umited by Guarantee Notes to the Financial StatementsfrthrfvAK Year ended 31 Ortober 2025 AtntIng policles Fund CMing Unrestricted fund5 are available for use at the discretion of the trustees to further any of the charity's purpose Designated funds are unrestrirted fund5 eannarked by the trustees for particular future profvct or commitment. Restricted funds are subjetted to restrictions on their expendlture deClad by the donor or throu£h tt terms of an appeal, and fall into one of two SvClasses. restricted income funds or endowment funds. In¢omlng resources All incoming resources are Included In the stotement of finarKial activities when entitlement has passed to the chortty: it is probable that the economic benef associated with the transaction will flow to the charity ènd the amount can be reliably measured. The following specific policies are applied to particular categories of income= intome from donations or grant5 is recognised when there is evidence of entitment to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when rlpt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is Impractical to Measu lIablY. in which case the value is derived frorn the cost to the donor or the estimated resale value. Donated facilities and servtces are fecogni5ed in the accounts when received if the value can be reliably meaSud. No amounts are included for tP contribution of general volunteer income from contrarts for the supply of services is recogni5ed with the dellvery of the contracted service. Thls is classified as unrestrKted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned rf unspent, in which case it may be regarded as restricted. io
Gosforth Agrlcultural Society Company Umlted by Guarantee Notes to the Flnantial StatementSlwth¥* Year ended 31 October 2025 Attounting 1leS (c Resources upended Expenditure on raising funds includes the costs of all fundraising acttvlties, events. non-charrtable trading actryities. and the sale of donated 81)od5. Expenditure on charitable activities includes all costs incurred by a charity in undertakin8 activitS that further its charitable aims for the benefft of its beneficiarles, includin8 those support Costs and costs relating to the governance of the charity apportioned to charltabte artNities. All costs are allocated to experKliture categories reflecting the use of the resource. DireLt costs attributable to a slngle actrvity are allocated directty to that attrvity. Shared costs are apprortboned between the actNities they contribLrte to on a reasonable. justifiable and consistent basis. Talble assets Tangible assets are initialty corded at cost. and subsequently Mated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amount5 are recorded at the falr value at the date of revaluation less any subsequent accumulated depreciatlon and subsequent accumulated impaimient10sses. An increase in the carryin8 amount of an asset as a result of a revaluation, is reco8nised in other recognised gains and losses, unless it reverses a char8e for impairment that has previousty been recognised as expenditure within the ststement of financial activtties. A decrease in the carrying amount of an asset as a result of revalUatn. is recognised in other wognised gains and 1055es. except to which it offsets any previous revaluatlon gain. in which case the loss is shown within other reco8nised gains and losses on the Matement of financial activities. Depreclation Depreciation 15 calculated so as to write off the cost or valuation of an asseL less its reSFdual value, over the useful economic lrfe of that asset as follows-. Buildings Fixtures and frttings Impairment of fixed assets 2% straight line 15% reducing balav A review for indicators of impairn)ent is carrled out at each reportin8 date, with the recoverable amount being estimated where suth indicators exist. Where the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impalrnnts are also VIeWed for possible reversal at each reporting date. li
Gosforth Agricultural Society Company Umlted by Guarant Notes to the Flnancial Statements r Year ended 31 Ortober 2025 Atcwnting policles ((*thedJ Impa1rnnt of fixed &sets{cThrt4j For the purposes of impairment testi when it is not possible to estirnate the recoverable amount of an individual asseL an estimate is made of the coVerable amount of the cash-8eneratin8 unit to which the asset belongs. The cash-generatin8 unit Is the smallest identifiable group of a55ets that includes the asset a1 generates cash inflows that largely independent of the cash Inflows from other assets or8roups of assets. For impairment testing of goodwill. the goodwill acquired in a business comblnation is, from the acquisition date, allocated to each of the cash%eneratin8 units that are expected to benefit from the synergies of the combination, irrespectlve of whether other assets or liabilities of the charty a assigned to those units. Llmlted by guarantee Every member undertakes, rf the company is dissol¥ed while he or she is a member or within 12 months after he or She ceases to be a member, to contribLrte such sum Inot exceeding £1) as may be deemed of him or her towards the payment of the debts and liabilities of the Company incurred before he or she cease5 to be a member. and of the cost5. charges and expenses of windln8 up. and the adjustment of the rights and of the contributories among themsefves. Donatlons arKI lÈga¢les Unrestrirted Funds Restricted Totsi Funds Funds 2025 Graftts RWM grant received Sponsorship NWS Grant 250 250 7,436 7,436 Other donatlons and kwle5 Charitable donations 170 170 420 7,436 7,856 12
Gosforth Agricultural Society Company Urnlted by Guarantee Notes to the Finanaal statennts4Ith Year ended 31 October 2025 Donakn and lewles ic Unrestrirted Funds Restricted Total Funds Funds 2024 Grants RWM Erant received Sponsorship NWS Grant 5,764 5,764 4.150 4.150 Other donatlons and lega Charitable donations 150 150 10,064 10,¢)64 Charltable artlvltles Unrestricted Totsl Funds Unrestricted Totsl Fund5 Funds 2025 Funds 2024 Trade sta115 Entry fee5 Gate and catalogue income Festive fling Coffee moming 5,747 4.411 25,422 5,747 4,411 25A22 3,214 3,135 26,954 7,357 88 3,214 3,135 26,954 7,357 i( 35,6 35.680 40.748 40,748 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest reCeidble Fiekl rent recelved 942 2.393 942 2.393 956 3,079 956 3,079 3,335 3.335 4,035 4,035 13
Gosforth A8rfcultural Soclety Company Limlted by Guarantee Notes to the Finanaal Statements Year ended 31 Ortober 2025 Expendlture on tharhable actl¥ltles fund type Unrestricted Fund5 Restrirted Total Funds Funds 2025 Gosforth slh)w Support costs 28.063 4,585 7.436 524 35,499 5.109 32.648 40,608 Unrestricted Funds Restricted Totsl Funds Funds 2024 Gosforth show Support costs 32.964 5.166 32.964 5,782 616 38.130 616 38,746 EXpetre on charltabk xtivltles by athitytype Attivities undertaken direct Support costs Totsl funds 20Z5 Total fund 2024 Gosforth sP¥Jw 35.499 5.109 38.746 10. Analysis of support costs Analysis of support costs Gosforth show Total 21)25 Totsl 2024 General office Finan costs 5.057 52 5,057 52 5.719 63 5.109 5.109 5.782 11. Other exPendre Unrestrirted Totsl Funds Unrestrirted Total Funds Fund5 2025 Funds 2024 Donation 1,250 1,250 912 912 14
Gosforth Agricultural Society Company Urnlted by Guarantee Notes to the Flnandal Ststementsi<thrfh*Y Year ended 31 October 2025 12. Net income Net income is stated after charginyjlcreditingl: 2025 2024 Depredatlon of tangible fixed assets 2.057 2.719 13, Stsff costs The average head count of employees during the year was Nil12024.- Nill. No employee received employee benefits of more than £E.{l durin8 the year12024: Nill. 14. Tfttee remuneration and expenses No remuneration or other benefits from employment with the charity or a lated entity were received by the trustees. 15. Tangible fixed ets Freehold property Plant and Fixtures and machinery fittings Total At l November 2024 and 31 October 2025 44.750 2,877 20,183 67,810 Depreclatlon At l November 2024 Charge for the year At 31 Ortober 20Z5 Carrylng amount At 31 October 2025 At 31 October 2024 530 58 6,860 1.999 7.390 2,057 8.859 9,447 44,750 2.289 11.324 58,363 44,750 2,347 13.323 60,420
Gosforth Agricultural Society Company Limited by Guarantee Notes to the Finandal Statementsit•ifvA*•fJ Year ended 31 Ortober 2025 16. Debtors 2025 2024 Trade debtors Prepayments and accrued income 1.740 60 60 17. Credltors: amounts falllry due wlthln one year 2025 2024 Trade creditors Accruals and deferred income 9.988 1,2CKI 9,599 11.188 9.599 18. AlySIS of charitsble funds UTrrestrkt fvnds At l November 2024 At 31 Ortober 2 025 Income Expenditure General funds 114.248 39.435 133.8981 119.785 At l November 2023 At 31 October2 024 Income Expenditure General funds 98.443 54,847 139.042) 114,248 16
Gosforth Agricultural Society Company Llmlted by Guarantee Note5 to the Finandal Ststements Year ended 31 October 2025 18. Analy$ of charftsble fvnds ittyrthm Restrlcted funds At l November 2024 At 31 Ortober 2025 Income Expenditure Restricted Fund 3.492 7.436 17.9601 2,968 At l November 2023 At 31 October 2024 Income Expenditure Restricted Fund 4.108 16161 3,492 19. Analysls of net assets between funds Unrestrltted Fund5 Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than l year Nèt ets 55,395 75,578 111.188) 2.968 58,363 75.578 111,1881 119,785 2.968 122.753 Unrestricted Funds Restritted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than l year Net assets 56,928 66.919 19.5991 3.492 60.420 66,919 19,5991 117,740 114.248 3,492 17
Gosforth Agricultural Soclety Company Umited by Guarantee Management Informatlon Year ended 31 October 2025 The followln8 page5 do nrtforni part of the financlal statement&
Gosforth A8ricultural Society Company Llmlted by Guardrrtee Detalled Statement of Flnanclal Artivitles Year ended 31 Oclober 2025 2025 2024 Income and Èndowments Donations and legacie5 RWM grant received Sponsorship NWSGrant Charitable donations 5.764 250 7,436 170 4.150 Iso 7,856 10.064 Charftsble actlvltles Trade stalls Entryfees Gate and catalogue income Festive fling Coffee moming 5,747 4.411 25,422 3.214 3,135 26.954 7,357 88 Icx) 35,680 40,748 Investment Income Bank interest receivable Field rent received 942 2,393 956 3.079 3,335 4.035 Total income 46,871 54,847 19
Gosforth Agrlcultural Soclety Company Limlled by Guarantee Detailed Statement of finandal Actlvltles( Year ended 31 October 2025 2025 2024 Expendlture Expendlture on charltable artivitie5 Prizes Flin8 expenditure Rent aNI rates Sundries Advertising Repairs and maintenance Insurance Affiliation Field expenses Judges expenses First aid cover Legal and professional fees Println& postage and stationery Depreciation Marquee hire Attractlon Main attrartion Bank charges 6.359 625 1.720 46 1,468 1.420 1,367 270 3,592 1,030 1.390 7.907 1.450 4,878 1.123 771 1.253 232 3.387 920 1.150 3,181 2.057 11.151 2,632 2.719 4,871 1,620 770 63 52 38.746 Other exPendIre Donation 1,250 912 Total expendlture 41,858 39.658 Net income 5.013 15,189 20
Gosforth A8rlcultural Soclety Company Llmlted by Guarantee Notes to the Detalled SLitement of Flnanclal ActitIeS Year ended 31 October 2025 2025 2024 Expendlture on charhable artl¥lile5 Gosforth show ArtItIeS undertaken dirertfy Prizes Fling expenditure Rent and rates Sundries Advertisln8 Repairs & maintenance Insurance Affiliation Field expenses Judges expenses First aid cover Printin& posting and stationery Marquee hire Attractions Main attraction 6.359 625 1,720 7.907 1,450 4.878 1.468 1.420 1,367 270 3,592 1.030 1,3 3,181 11.151 1,123 771 1.253 232 3,387 920 1,150 2,632 4,871 1,620 770 35,499 32.964 Support costs Legal and professlonal fees Depreciation Bank charges 2,057 52 2,719 63 5,109 5,782 Expenditure on charitible aclS¥ltles 40.608 38,746 21