2024-12-31-accounts - Leek & District Agricultural Society

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Annual report year ending 31/12/2024

Name Leek & District Agricultural Society. Charity number 1208652

Trustees P A Barron

E Sims J Eatough GB Daniel

Structure remains unchanged opera�ng as Charitable Incorporated Organisa�on with trustees being only vo�ng members. We do have a show commi�ee with volunteers running individual sec�ons of the agricultural show, Future trustees will be recruited from these volunteers already associated with the organisa�on.

The ac�vity undertaken by the charity is to run a one day agricultural show in July each year. The objec�ves are unchanged from the original governing document. To advance ci�zenship and community development within the Leek area, by giving local groups opportuni�es to promote their ac�vi�es to the general public through demonstra�ons and displays at an annual show, including hor�culture, poultry, the environment, educa�on and rural cra�s.

The show in 2024 was successful with good a�endance and with no incidents of concern. Poultry were unable to a�end due to avian flu restric�ons but sec�on organised an egg display to con�nue to promote ac�vity to general public.

and environmental issues.

Feedback on social media was overwhelmingly posi�ve indica�ng show well received by general public.

The show had previously operated through a CIC. On forma�on of the charity the assets of the CIC £82,566 were donated to the charity.

All other amounts in the accounts are in line with expecta�ons and normal opera�ons. Figures show a reasonable surplus of income over expenditure.

Reserves held as cash balance £112,141 at year end.

No awards have been made to local chari�es in year. The running of the show is very dependant on the weather. With increasing incidents of extreme weather there is always the possibility that the show will have to be cancelled. This would mean no income in the year with running costs s�ll to be met. There is therefore a need to maintain a reserve of cash to cover costs in this eventuality. The ques�on of making dona�ons remains under regular review.

benefit guidance.

Approved by the trustees and signed on their behalf by

P A Barron

Trustee and Treasurer.

REGISTERED CHARITY NUMBEtL. 1208652 RepDrt of the Trusteej #nd uNdIt¢ Fifjneknl Stt¢ments for the YeAr Ended 31 December 2024 for Leek & Di#tri¢t AgTj¢uIr#] Suciety Bennett Brooks & Co Ltd Chartered Accountants ChEry Tre¢ Court Cross Street Leek Stafford5hiTe STI3 6BL

Leek & Distritt AgricDltsrxl Society Cobtertts of the FittHnci•l Si•lemeuts for tht yesr eJLded 31 D¢¢¢mber 2024 P2ge Report ofthe Trustees Independent ExAmiDer's Report Statement of Flxaneil A¢tivities B1•¢¢ Sheet Notes to the FiD&nei8l Statemettts 5 to 6 Detailed Statemtttt of Fin#n¢il A¢tivitie5

Leek & District Agricultural Society R¢port of the TTh5tee5 for tbe ye#r ended 31 December 2024 The tn55tees present their report with the fJn*Jcial statements of th¢ ¢h#rity foT the ycaT ended 31 December 2024. The trlie¢S have adopted ihe provisions of Accounting and Reporting by Charities.. Ststement of RecoJnTncnd Practice applicable io charities preparing th¢ir accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021 letTeeiive l January 20191. STRUCTURE. COVERNANCE AND MANAGEMENT Coverning document The charity is controllcd by it5 governing diKument. a deed of trust and constitutes an urtirteorrrf>]ated Charity. REFERENCE AND ADMINIsfRATtVE DETAILS Registered Chfirity numbtr 1208652 Pritt¢ip#l 4ddr¢ss 7 Sapling Rise Upr Tean Stoke on Trent Stafford5hiTe STIO 4LH Trustees E Sims (appointed l.1.24) G B Daniel (appointed l.1.241 P A Barron lappointcd l.1.241 Independent Ex#miDer Benneit Brooks & Co Ltd Chartered Accountsnts Cherry Tr¢¢ Court CT055 Street L£ek StstYord5hire STIJ 6BL Approved by order of the board oftrllstees on .. . .. and siwd on its tthlf by: P A Barron- Trustee Page I

Independent Examinerls Report lo th¢ Trustees of k & District Agricultur81 Society Independent examiller's report to the trnstees of IelL & District Agri¢ultttral Soeiety I r¢Fx)n 10 the charity irusttt5 on my examination of the accounts of l£¢k & Disirici Agricultural Sori¢ty {th¢ Trust) for the year ended 31 December 2024. Rt5POllsibilities and ba5iy of report As the charity Irusiees of the Trust you are responsible for the pJtpaJ8tion of the ¥counts in accordan¢e with the requirements of the Charities Act 2011 I'the ACVI. I report in reswi of my examination of the Tntst's accounts carried out under Section 145 of the Act and irt carryirtg out my EX#iDation I have followed all applieable Directions given by ihe Charity Commission under Section 14515llb} of the Act. Independent exsmtner's stfitemeknt I h3v¢ completed my examination. I confim) that no material m8tier5 have come io my attention in connection w2th the examinaiion giving me cause to believe that in any maria] IrsrI.. ¥courttin8 rtCOTds re r)ot kept r¢5pect of th¢ Tru51 as wuired by Section 130 of the Act. or the accounts do noi accord with those records; or the a¢counts do not comply with the applicable requirements concerning the fomi and content of aecounts set out in the Charities IAtcouni8 2nd Reports) Regulations 2008 other than any rquir¢ment ihat the accounts give a true and fair view which is not a maller considered as part of an independent examination. I have no concems and have come acTOSS no other matter5 ID connection with th¢ examination io which attention should be drawn in this report in order to enable a proper understsndin8 of the accounts to be reached. Mrs C Hambleton Bennett Brooks & Co Ltd Chart¢r¢d Accounthnls Cherry Tree Court Cr055 Stre Leek Stafford5hire ST13 6BL Page 2

Leek & Dbtrict Asrlt¥ltsrAI sIety Ststemetht tsfFiDDcixl ActivititJ for thÈ ymr effjded 31 De¢emhr 2024 UM¢strirt INCOME AND ENDOWMENTS FROM Donations and le84¢ie$ 186.304 Itw¢stsn¢nt in¢om¢ 1.863 Tot1 188.167 EXPENDITURE ON Raising funds 76.026 NET INCOME 112.141 112.141 The notes fomi Jkn ofthese fin&rt¢ial statrmet Pa8e 3

Leek & District Agricultural Sotlety Balxnce Sheet 31 December 2024 UnTEStrid¢d fi]nd FIXED ASSETS Tangible a55ets CURRENT ASSETS Cash at bank 111531 CREDrroRS Amowlts fajling due within or2e year (1,080) NET CURR ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 112.141 iYET ASSETS 112,141 Unrestricted fijnds 112,141 TOTAL FUNDS The fmancial statements were approv¢d by th¢ Boord of Tn*¢$ and authorised for issue on ............................................. and w¢r¢ signed otl its behalf by: P A BarmTh- TnLStee Th¢ notcs forn part ofthese financial Statem

Leek & District AgriculturAI Society Notes to the Financial St8tement$ ror the )ear ended 31 December 2024 ACCOUNTING POLICIES Basis of prepÈring tbe fin#ll¢ig1 Statemet$ Th¢ financtal slatcmenis of Ihe chariiy. which is a public benefit etttity under FRS 102. have been preare1 in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities: St3l¢tn¢nt of Recommended Prdciice applicable 10 ¢hariti¢s pParing their accounts in accordance with the Financtal Reportin8 Stsndard applicable in the UK and Republic of Ireland IFRS 1021 letTeeiive l January 20191,, Financial Reporting Stsndard 102 'The Financial RetKlrting Standard applicable in the UK and Rcpublic of Ireland. and the Charities A¢1 2011. The financial statements have Fen ppared under the historical c05t convention. Intome All incorne i5 re£ognised in the Statement of Financi Aciivities once the ¢harity l]85 entitlement to the funds Éi is probable that the income will received and the amount can be measured reliably. Expenditure Liabilities 2re reco8nised a8 expenditure a8 sotsn as thert is a leg#l or constructivc obliwdtion committing the eharity to that expenditure, it is probable thai a Iransfer of economic benefjts will be required in settletnent and the arnouni of the obligation can be me&sured reliably. Expenditure is accounted for on an accruals basis ond has en cla55ified und¢T h¢adings that aggregate all cost related to th¢ category. Where c051s cannot be directly attributed to particulaT headings they have en allo¢ated to A¢tivi¢i¢s on a basis ¢onsisteoi with th¢ use of rsourccs. Tangible fixed assets Depreciaiion is provided at the following annua] rates in order to write off each asset over its estirnated useful life. Fixtuff$ aod fittings 150/9 on Cost T9tiO Thc charity is exempt from t&x on its charitable activities. Fund accountiDg Unrestricted funds tan b¢ used in a¢¢ord8n¢¢ with the ¢haritsble obj¢ctiv¢s at the discretion of the trustees. Re5trieted fund5 can only be used for particular restricted purrM)ses within the objects of the charity. Restricti<>llS aTt5¢ when specified by the donor or when funds raised foT particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the nots to th¢ firw¢iaJ 51aternents. INVESTMENT JNCOME Interest rtceived .863 RAISING FUNDS R4i5ihg donatiOll$ attd l¢gaties SvprK>rt Costs 75,904 TRUSTEES, REMUNERATION AND BENEFITS There were no iNstees' remuneration or other benefits for the year ended 31 DecemFr 2024. Trustee5 expell5e5 There wejr no ttustees, exr*nses paid for the year ended 31 December 2024. Page 5 continued...

Ixek & Distrlct Agrkultsr#l So¢iety Notes to th¢ Fltt4n¢i#l Sta¢e¥nents- continued for the year ended 31 Deeember 2024 TANGIBLE FIXED ASSETS Fixtures fittings COST Additions 812 DEPRECIATION Charge fory¢ar 122 NET BOOK VALUE At 31 December 2024 690 CREDITORS: AMOUPITS FALLING DUE WITHIN ONE YEAR Other CTditor5 1,080 MOVEMErfr IN FUNDS Net movement in funds Al 31.12.24 Unrestrftted fknttds General fund TOTAL Fuf4DS Net movement in funds. in¢luded in the above are follows.. Incoming resources Resources ¢xpEnd¢d Movement in funds Ullrestri¢ted Genera] fund 188,167 {76.026) 112.141 TOTAL FUNDS 188.167 {76,026) RELATED PARTY DISCLOSURES TheTe were no related paty transetiOn5 for the year ended 31 DeMPr2024. Page 6

Ittk & Dkntrl¢t Agrfcultyrl So¢kty Detalled Ststement ofFknaatlal Aetlvltle8 for the yegr ended 31 D¢cemb¢r 2024 INCOME AND ENDOWMENTS Donatloaj kg•¢les Income Donation5 103,738 82,566 186J04 Inwe5tmenl income Inieres¢ Ceived 1,863 Totsl Ineomlng reJo#Ytes 18&167 EXPENDITURE Other trndiDg activitie5 Fixtures and fittin8S 122 Suppjrt costs MDagemeDt Section cxpen5t5 1.872 2.741 38.533 6.170 13.577 11.931 Ground exper Enterta2nment Sundri¢5 Priz¢s 74,824 Govtrnallce colts Accountancy and le8al fees 1.080 Total resources expended 76,026 N¢t 5n¢om¢ 112,141 This does not fomi pan of the s*ftrtory fioan¢ial s(atem¢nts Page 7