Reglstered number CE015936 Charlty number: 1181198 CUMBERLAND AGRICULTURAL SOCIETY {A charltable incorporated organisation) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Armstrongwatson. Accountants, Business & Financial Advisers CUMBERLAND AGRICULTURAL SOCIETY (A chprrtabl• Incorpornt•d organisatlonl CONTENTS Page Referenu and admlnlstrativ• detslls ol the Charlty, Its TruBteeB and adv15ers Tru$t••s' report Indep•ndent axaminerfs report statement of fmancial 8¢tl¥lt1•5 Balan￿ sh•èt Not•$ to the financlal $tatements 9-21 J* CUMBERLAND AGRICULTURAL SOCIETY (A charitabl• In¢orporated Ofganis•tlonl REFERENCE AND ADMINISTRATIVE DETALS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Tw¥te¢s Mr B Davidson, Trustee Mr8 G L Potts, Trustee MrJ Wharton. Chaif Companlos Hous• regl$t¢red number CE015936 Charity r•glstornd number 1181198 R•gistsr•d office D8lmar House Barras Lane Estsle Carfisl8 Cumbria CA5 7NY Accountants Armstrong Wal8on Audit Limite Chartered Accountants James Watson House Montgomery Way Rosehill Carfisle Cumbria CA12UU BankeT8 HSBC POBox5 29 English Street Carfisle Cumbria CA3 8JW Page 1 CUM8ERLAND AGRICULTU￿ SOCIErY (A charltable InCO￿Orat•d organisatlonl TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Trustees present their 8rnu#I rewrt together the financial statements of the Charty for Ihe year 1 October 2024 to 30 September 2025. The Trustees confimi th81 the Annual reFM)rt ané financial slataments of the ch8ri1ab19 comp8ny COMP￿ with the current statutory requir8menls, th¢ requirements of th8 charita￿e companls govemiNJ document and the prO￿S1On5 of thg Statement of Recommended Practice ISORPI applicable to Charli￿ preparing their accourrts in ac(x)rdanc8 with th8 Financial Reporting Stsnd8rd applicabl¢ in the UK and Republic of Ireland IFRS1021 l&ffeclive 1 January 20191. Thè Charity 81$0 trades under the name Cumb6dand Show. Obj•¢tlves and activitl•s a. Poll¢lo6 and **l•ctlv•s Tho main obiedivg of the Charity is to promote the advancement of 8griculbJre for the public benefit by. 11 E￿our891￿J improvements in the breeding of stock. the management of land and the general promotK*n of agriculture. 21 Org8nising and presenllng the annual Curnbefland Agricultural Show. In setting obje¢lNes and planniNJ for activities, the Trustees have given due ¢onsi¢eration to general gui¢Jan¢e published by the Charity Commission rel¥ting to public benef( includiro the guidance 'Public benefit.. tunning a charty IPB21'. Achl•vemènt$ and perfornianee Maln achievements of thè Charity The Cumberfand Agrfcultural Societys objective is lo prom¢Xe 8grlc(Ature and hold the annual Cumbertand Show. The 2025 show suffere(1 due to heavy rain early morning. 11 (¥used drfficulty in accessing the show field and managing bgistics. Due lo tho experience of 811 the members and voluntegr5 all exhibitors and trade stands werè satisfactorily dealt with. The weather improv&J late mornlng and whilst the 'g8te' was down there was a N8h of public attendees belween 11am- 1pm. The rest of Ihe Show was a success in the I￿e$l0￿, horses, vintage, home industries and trade sland sectlons. Page 2 CUMBERLAND AGRICULTURAL SOCIETY IA ¢harStable Incorporaled organlsalion} TRUSTEES. REPORT {CONTINVED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Flnanclal rovl •. Going convrn Despite the loss in Ihe 2025 accounts Ihere are sufficient reseNes meaning the Society has no 90ing concem worries. Th8 balance sheet is strong and more importantly the Cofnmillee vdunleers are healthy 8nd devoted to the Society being a success. For this rea50n they continue to ath)pt the gc4n9 concern basis in preparsng the ffinanual statements. Furthér details of these poticies can be fujnd In the a¢counling policies. b. R•$ory91 poll¢y The Ch8rWs reseNes are conllnualty monitored by thè Trustee5 to ensu￿ they are adoquale for the Chartys needs. The Charty holds reserves lo ensu￿ future expense obligations can be met when they fall due, regardless of future unknown inceffie levels. Cash al bank reserves 8t 30 September 2025 8r0 £66.470. Tl* main finaniial risk Could resuEt for a18St minute show cancellation whereby the Society has already incurred a lol of ¢osL In addition risk is altsched with the ¢ombin3tion of potential increased costs due to heightsne(I regulations and inflation on the show infraslruclure prices. There is also the risk of reduced income due to a possible docline in interest or ability for our v8ri0US SUPPOrter5 to attend or sponsor Ihe Show. The funds are hdd lo cover the holdin9 of a further annual Show ond keep the Society wnnir¥J. In the event of a loss of Income and lo mè8t any unforeseen expenditure ih8t may occur. . Comrnont•ry on the financl•l reBuIts The Income for th? year showed a decrease of £6.331 but costs do not $tsnd still. Inllallonary costs rose ty £3,103. Thi5 resulted in a loss of £8,020. Structure¥ govomance and manag•ment a. Conjtltutlon Cumberland Agricultural Society ts registered 8S 8 charitable Sncorporated org8nis8tK)n and was set up by a Con$litution. b. Methods of appointm•nl or •lectlon af Trust••s The managemenl of the Charity ts the responsibility ol the Truslees who are elected and Cr￿opted under th temis of the Constitution. Plans lor future p•riods In the coming years the Society will Iwk to promote and support the local agricultural industry. as wdl as holding their flagship trvenl. The Cumterfand Show. Page 3 CUMBERLANO AGRICULTURAL SOCIETY IA ¢harltable IncorpDrat•d ¢rganlsatlonl TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 statemènt of Trustees. r¢$ponsSbllitt•$ The Trusle8$ Ivtho are also the directors of Ihg Charty for Ihe PL*fp05es of company law) are responsible for preparing th8 TTUStees' raporl and the financial statemènts in accordance wth appliCa￿e law and United Kingdom Accounting Standards (Untted Kingdom Gènèrally Acceptetl Accounting Proclicel. Company law requires the TnJstees to prepare financial stslemeTrts for 8ach financlal . Under company law. the Trustees must not 8pprove the finanGial statements unless they are satiSf￿d that they 9ive a true and fair view of the stsle of affairs of the Charity of its incoming resources and applicatlon of resources, including its in(x)m8 and gxpendilure, for that perlod. In preparir*J these financial stalements, the Trustees ar8 required to.. select suilable accounting p)licies ènd thèn ap￿Y them consistenly,. ci)$grve the methods and principles of the Charrtles SORP IFRS 102): make judgements and a￿o￿nting estimates Ihal are reasonable and prudert.. stsle vthether applicable UK Accounting Standards IFRS 1021 hav8 been followad. SLEbject to any malerral departures disclosgd and exploined in the financial stslements- prepare the flnancial 8tBtements on the going concsm basi5 unles$ il is in8ppropTi•lè lo presume that the Charty will continL>e in businèss. The Tnjstees are responS￿)Ie for keeping #d￿u￿te aecounllng records that are sufficient to show and explain Ihe Charitys transactions an¢J dis¢105e with reasonable accuracy al 8ny time the financial posVÉion of the Charfty and enable them lo ensure thet th8 financial $lat¢m8nts comply with the Companies Ad 2006. They are al$0 fesporysible for safegu8Tding the assets of tha Chafity and hènce for taking reason8blè steps for Ihè Pfevention and dgteclion of fraud and other irylaT￿es. App by ￿der ol the members of the board of Trustees 8nd slgned on their behalf by: Mr B Davidso Trusta8 08te'. Page 4 CUMBERLAND AGRICULTURAL SOCIETY (A charitable Incorporat￿ organisatlon) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Independent examlner's report lo the Tmstees of Cumberf•nd Agriculturnl Soclety Ilh• Charfv) report to th8 charlty TrLtslees on my examinali¢)n ol the accounts of the Charity for Ihe year ended 30 September 2025. Rosponslbllltles and basls of r•port As the Trustees of the Charity you are responsible for the preparatlon of tha 8ccounts in accordance with the reqL5irements of the Charities Act 2011 (Ihe 2011 Acl'l. I report in respect of my examlnalion of the CharilV$ accounts canied out under section 145 of the Charllies Act 2011 (Ihe 2011 Act'l. In carrying out my examinalK)n I have followed the DirerAions gwen by th8 Charity Commi88lon under sgdlon 14515llbl ol the 2011 ACL Independent •xamin•rf$ statomenl I have completed my ex8mnalic￿. I confirm that M Matte￿ have comg to my attention in connection with the examination giving me cause to beli8ve that in any malerol r8spect: aKountiNJ records were not kept in respect of the Charity as required by section 130 of the Act. or the a￿Ounts do not accord with those records., or the accounts do not comply the applicable requirements concerning the form and conlenl of aceounls set out in the Chartties Ikcounts and Reports) Regulaltons 2008 olher than any requirement that the accounts give a Irue and fair which Is not a matter considered as paTI of an independent examination-, the accounts have not been prepared in accordonce the methods and principles of the Statement of Recommended Practice for accounling and reporting by ¢hanlies lapplicabl8 to charities prepariThJ their accounts in accordance witl) the Financial Reporting Stand8rd applicable in the UK and Republic of Ireland IFRS 10211. I have no ¢oncems and have come across no other matter5 in wnnection Mth the ex8rnin8tion lo which attention should be drawn in this report in ordèr to enable a Proper understanding of the 8ccounts to be reached. Thls report is made solely to the Charitys Trustees, 8s a bofly, In accordance with Part 4 of th8 Chariti85 (Accounts and Reports) Regulations 2008. My work has been undertaken so that I mKJht stalts lo the Charivs Trustaes those matters l am required lo stste lo them in an Independent 8xaminerfs report and for no oth purpose. To th8 fullest extent pern)itled by law, I do not accept or assume respon5ibilily lo anyone other Ihan Ihe Charty and the Charltvs Trustees as e body, for my work ￿ for this report. Signed.. Dat8d: Karen A Rae FCCA Armstrong Watson Audit Limited Chartered Accountsnls Carfisle Page 5 CUMBERLAND AGRICULTURAL SOCIETY IA charltable hKarpofated •)rganlsationl STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrestricted lund$ 2025 R•strict•d funds 2D25 Total funds 2025 Total funds 2024 Not• Incom• from: Donations an(i legacies Chèrrtable acti￿tieS Invesknents 5,582 128,718 S,582 128.718 8.338 132, 147 1, 189 Total •ncom• 135.343 135,343 141.674 Exp•nditurn on: Charltsble actiMtK*8 143.363 143.363 140,260 Total •xpendlture 143,363 143,363 140.260 Nel movem•nt in funds 18.020> {8,020) 1,414 Reconcillatlon of funds: Totsl funds brought forwar(I Net movèment in funds 86.315 18.0201 87.565 18.020) 86,751 1.414 Total fund8 c•rrled forward 78.295 1,250 79,$45 87,565 The Statement of f5nanei81 actimiies includes all gains and losses rec¢yJnised in the year. The notes on pages 9 to 21 form part of these financial statements. Pag8 6 CUMBERLAND AGRICULTURAL SOCIETY (A charitJbl• Incorporotad organlsation) REGISTERED NUMBER: CE015936 BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 Note Fixed a8sels Tan9ible assets 12 2,639 1,684 2.639 1.684 Current assets Stocks Debtors Cash at bank and in hand 13 14 760 13.527 66.470 510 156 89.112 80.757 89,778 Currnnt Ilabllltles Creditors.. amounts falling due within one year 15 13,851) (3,897) Net currnnt as$ets 76.906 85.887 Total assets l•ss curront liabiliti•$ 87.565 N•t as$ets excluding p•nsSon asvt 79.545 87.565 Total net assets 79,545 87,565 Page 7 CUMBERLAND AGRICULTURAL SOCIETY IA ¢harltable in¢orporat•d org8nls•tlonl REGISTERED NUMBER: CE015936 BALANCE SHE￿ ICONTINUEDI AS AT 30 SEPTEMBER 2025 2025 2024 Note Charftyfunds Reslrkted funds Unrestricted funds 16 16 1,250 78,295 1,250 86,315 Total funds 79,545 87,565 The Charity was entitled to exemptKJn from audti undgr seckn 477 of Ihg Cornpanie5 Act 2006. The members have not required the company to obtain an audlt for the year in que$lion in accordance with SeCth￿ 476 of Companies Act 20C¢. The Trustees acknovAedge their Tèsponsibililies for corn￿￿ng wih the requirements of Ihe Ad with respect to 8ccounting r8cords and prep8ratKJn of linanciBI ststements. The financial ststem¢nts have been prepared in accordanc8 With the provlslons applicabl8 to enities subject lo the small Gompanies regime. The financid statements were approved and authorised for issue by the Trustees and sSgned on their behalf by.. Mr B Davidson Trustee Date.. 4clx The notes on pages 9 10 21 fomi part of thesè financial statements. Page 8 CUMBERLAND AGRICULTURAL SOCIETY (A charltsble In¢¢rpor4ted organlsati¢n) NOTES TO TPIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Gen•ral Infomiatlon Cumberfand Agricukural Soeiety Is 8 charitable Incorporated organlsation with 8 Companies House regiStra￿on number CE015936 and charity number 1181198. The registered off1ce Is Dalmar House. Barr&8 Lane Estsle, Dalston, Cadisle. CAS 7NY. Accountlng poli¢le$ 2.1 Basis of preparatlon of Ilnanclal stst•ments The financial ststernents have been prepared in acc￿d8n¢e wlth the Charit￿5 SORP IFRS 102) - Accounting and Reporting by Charities.. Statement of Recomm&nded Practice applicable lo charili8S preparing their accounts in a¢cordonce with the FinancS01 Reporting Stand8rd applic8ble in the UK and Republic of Ireland (FRS 1021 leffedive l January 20191, the Financk21 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Cumberland Agri¢ullur81 Society meets the definition of a public tenelit entity under FRS 102. Assets and liabllities are initially Tec(onised at historical t4)st or transactk)n value U￿¢$$ othetwse stated in the relevant accounting policy. 2.2 Going con¢em Al the time of approvin9 the finoncial statements, the tnjslees hgv8 a reasonable expectation thal the Charity has adequate resources lo continue in operational extstence for the foreseeable future. Thus lh8 tTUSlees continue lo adopt the going concem basis of accounting in preparing the financial statemènts. 2.3 Incom• All inc¢Jme is recognised once thè Charity has enlittement to the Income, it ￿ prob8tAe that the income will be received and the amount of income recelvable can be measured reliably. Donated servic9s or f8clltifrs, which Comprise donated seNtis. are irtludod in income al a valuation which 1$ an estimate of tho financial c05t b)me by the donor where such a cost IS qU8nlifiable and mea5urablo. No ineome is recognised where there is no financial cost borne by o third party. 2.4 Expendl¢ure ExFendilur$ is recognised once there is a legal or conslfuclive obligation lo Iranslèr economlc benefit 10 8 third party, it Is probabl8 that a transfer of economic benèfits wll be required in seitlement 8nd Ihe amount of the obligation can be measured reliably. Expenditure Is classrfied by activity. The ￿$ts of each activity are mad$ up of th8 totsl of direcl costs and shared costs, induding support costs involved in undertaking each activity. Dirèct costs atlTi)utable Io 8 single admly a￿ allocated directly lo that activity. Shared costs which contribute lo than cffje activity and support costs which are not attributable to a single adivity are apportione(I befv￿￿ those activities on a basi5 Consistent I the use of resources. Central staff costs ar8 alk)caled on th¢ basis of lime spent, and dèpreciation charges allocated on trE portion of the 8ssel's use. ExpendiluTe on charitable activities is incurred on diredy undertaking the aclivitss which further the Charitys objective5, as well as any assoei8ted support costs. l expenditure is inclusive of irrecoverable VAT. Pag8 9 CUMBÉRLAND AGRICULTURAL SOCIErY IA ¢harltablo Incorporatod Qrganlsationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEIR E14DED 3Q SEPTEMBER 2025 counung polldes l¢onllnu•d) 2.5 Int•r•st r•ceivabl• Intefest funds h$ld on deposfl is included wl)8n receiv8t￿e and the amount can be maasured reliably by the Charty., this is normally upon notification of the interest paid or payBble by the institulK)n Tr•rith whom the funds are deposited. 2.6 Tanglble flxed a$$•ts and deprèelatlon Tangible fixed assets are inili81ty recognised 81 ¢osl. After recognition, under the cost mixlel, tangit4e fixed assets are measur¢d al cost les5 accumulated depre¢i8tson and any accumulated irnpairmenl losses. All costs incurrgd to bring 8 tangible fixed asset into ts intended worklng condition should be included in the measurement of cost. Depreciation is charged so a$ to allocate the ¢ost of tsn9I￿e fixed Bssets le85 Ihelr re￿dUal value over their estimated useful lives. using the slraighl-line method and on a reducing balance basis. Depreciatlon is prowded on the followng basis- Materials and $hr)wfield expenses site Costs Office and compuler costs 25% reducing balance 20% straighl-line 25Yo reducing b81ance 2.7 Stocks Stocks are valu8d al the lower of cost and nel realisable value after making due allowance for obsolete and slow-moving siocks. Cost indudes all direct Costs and an appfopriate proportion of fixed and VaTia￿e overheads. 2.8 Debtors Trade and otheT deblors ara racognised at th9 setuement amount after any trad¢ dbscounl offered. Pr8payinents 8re valL>8d at the amount pr8paid nel of 8ny trade discounts duo. 2.9 Cash at bank and in hand Cash ot benk and in hand indudes cash and short-term highly Ilquid investments with a short maturity of three months or less from the date of acquisition tsr o￿nIng of the deKx)sil or simllar account. 2.10 Llabllltl•s and provlslons Liabilitses are re¢c*Jnised vthen there is an obligation al Balance sheet dale as a result of a past event, il is probable that a transfer of Èconomic benefit ￿11 b8 required in sethom8nt, and the amount of the setuemenl can be estimated rellably. Liabilities are re¢ognis8d at the amount that the Charity 8nticipates it will pay to settle the debt or the amount it has re￿iVed as advanced payments for the goods or seNce5 it must prov￿e. 2.11 Finaneial Instruments The Charity onty has financial assets and financial liabilities of a kind that qualify as baslc flnancial instrum&nls. Basic financial inslTum8nts are initialty rècognised al transaclSon value and subsèquendy me8surad at their settlement value with the exception of bank loans vthich ar& subsequently measured at amortiseil Cost using the effe¢tiV8 interes1 method. Page 10 CUMBERLAND AGRICULTURAL SOCIETY IA ¢harltabl• Incorporated organisatlon) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 A¢¢ountlng policies {¢ontinuedl 2.12 Ponslons The Charity opèrates a defined contribution pension scheffle and the pension charge represents the amojnts pay8ble by the Charity to the fund In respect of the year. 2.13 Fund a¢eounting General fvnds are unrestricted funds wh￿h are available for use at Ihe discretion of the Trustee$ in furth8rance of the general objeclives of the Charity and which have not been designat8d for other purposes. Restr￿ted funds are lunds which arg lo bg used in aCCOTdance wlh specffji¢ rfjslrictions imwsed by doncfs or which have ￿en rais8d by th• Charity fc* p8rbcular purposes. The costs of raising administering such funds are charged against the speufic fund. The aim and use of each restricted fund is sel out in the notes to the financi81 stslements. Investment income, galns and Josses are allocated to the appropriate fund. Crltlcal a¢countlng estlm•t6s and areas of Judg•mont Eslimales and judgem8ntS Bre conliNalty evaluated 8nd are based on hi5tortcal experience and other factors, including 8X￿CtatIonS of futurè events Ihat are believed to be reasonablg under the circumstances. Critical aC(￿jnI1n9 estimates end assumptions.. The Ch8rlty makes estimates and assumptions conceming the fijlure. The ￿$￿It1￿ accounting e5th'mates and assumptions wll, by definition. seldom equal the related actual results. The eslimales and assumptions that have 8 significant risk of causing a rnalerial adjustmenl to the eanwng emounts of asset$ and liabilitres within the next financial year are discussed below. Crilical areas of judgement.. a) Establishing usefvl economic Iwes Establishing useful economic lives lor depreclatlon purposes of property. plant and equipment comprise a slgnific4nt portion of the totsl fixed assets. The annual depreciation charge dep¢nds PriTnarily on the estimated useful economic IN$s of each lype of asset ar￿ estimates of residual values. The Trustè8S regulaTty rewew these assels useful economic lives and changè th8m as necessaryto reflect current thinking on remaining INes in light of pro$￿etWe economi¢ Lrtilisation and physlcal conditlon of the assets concemed. Changes in asset us8fv1 lives can hava a siqn￿l¢a￿t impact on dgprocialion charges for the period. Details Df the depreciatiDn policios based on eslimaled useful e¢onornic lives are includèd in the accounting F