Kington Horse Show and Agricultural Society – Charity Number 215807 Consolidated Trustees Annual Report 2022
General Position
The Society has consolidated its position in 2022, with a very successful show being undertaken taking advantage of the return to normal activity following the pandemic and the wonderful weather of early September.
With the wonderful weather and a fantastic turn out of visitors the society saw its general fund reserves increase by £30,514 to £161,625 at the 31st December 2022 which represents 159% of the expenditure for the year.
Aims of the Charity
The society has continued its work and main charity aims of delivering an Annual Horse and Agriculture Show with the purpose of providing a shop window for the prize livestock entered into the numerous classes for Horses, Sheep and Cattle. These livestock classes are supported by a kennel club registered Dog show, a large range of Horticultural and Craft classes, sheep shearing competitions and a very active and varied range of young farmers competitions supported by the two YFC federations of Radnorshire and Herefordshire, although the Young Farmers did not hold its classes in 2022 due to the death of the Queen, their patron, just before the show .
In addition the trustees and members of the society have continued to provide a range of main ring and other entertainment activities to ensure that the visitors to the show enjoy a full and very varied range of countryside activities.
The charity has for the last few years provided a scholarship of up to £1,000 to support a young person to develop a countryside related business or to undertake a research visit to a foreign country on again an agricultural related business to help them develop their knowledge and understanding of an alternative agricultural delivery method.
Trustees Financial Statement
As the trustees of the charity we are content that the charity is in a very sound financial position with the general reserves standing at £161,625 being 159% of the 2022 expenditure level.
K Williams, C Edwards, R Allford, G E Jones. Trustees of Kington Horse and Agricultural Society.
March 2023
Kington Horse Show and Agricultural Society
| Total Total 2019 2021 £ £ 45,399 247 4,529 0 9,780 0 3,782 242 1,750 198 4,765 180 371 90 1,913 0 1,880 1,808 4,739 0 10,260 9,550 2,500 1,250 491 0 503 85 0 1,000 (100) 55 250 250 92,813 14,955 15,135 13,308 5,726 0 4,261 0 31,956 0 365 0 18,254 0 6,315 0 0 0 9,500 0 566 0 10,089 (20) 1,207 961 (158) (2,054) 151 43 103,368 12,238 10,555 (2,717) |
Income and Expenditure 2022 YTD YTD Expenditure 2022 2022 Notes Showground Expenses £ £ Showground Expenses 52,101 1 Main Ring Displays etc 5,753 Prize money 9,651 Printing & Stationery 4,171 71,676 Sundry Expenses Postage & Telephone 1,951 Advertising 1,545 Expenses and Website Development 128 Badges & Rosettes 2,199 Insurance 1,724 7,548 Showball, Sunday Lunch, 200 Club Expenses etc. 6,730 6,730 Honoraria & other Expenses Honararia - General 10,510 Honararia - Other 2,500 Secretary's Expenses & Meeting Costs 385 Affiliation 115 Depreciation 1,000 Other (Inc. Donations) 247 Presidents Donation / Award 750 15,507 Total Expenditure 101,461 Income Subscriptions 14,163 Entry Fees 9,732 Sponsorship & Donations 6,391 Gate Income 42,075 Advertising 363 Trade Stands 15,357 Showday Franchise Income 6,295 Grant / Bequest 12,300 YFC Dance and Show Bar 4,500 Catalogues 1,057 Showball & Other Fundraising 17,853 Interest & Invest Income 539 Inc/(Dec) in Book Value of Investments (3,027) Misc. Income 4,377 2 Total Income 131,975 Operating Profit /(Loss) 30,514 |
|---|---|
Kington Horse Show and Agricultural Society
. |
Dec 2019 £ 11,878 . (1,250) 0 56,758 6,061 0 73,448 20,057 19,827 39,884 113,332 314 10,000 0 0 10,314 123,646 113,090 10,555 123,646 2019 £ 5,349 0 1,050 (250) 4,406 10,555 |
Dec 2021 £ 34,007 (1,730) (12,300) 0 58,025 6,061 0 84,063 19,367 19,367 38,734 122,797 314 10,000 (2,000) 0 8,314 131,111 133,827 (2,717) 131,111 2021 £ (72) 0 (1,093) (250) (1,302) **(2,717) ** |
Balance Sheet as at Dec 2022 Cash at Bank £ Current Account Outstanding Creditors (Inc. Pre-payments) Grant received in advance Outstanding Debtors Reserve Account CAF Account Cash in Hand Total Cash Investments 14581.64 shares COIF Charities Investment fund (Value at 31/12/22) 17,234 15983 Shares M&G Charibond Fxd Int Fund 0 Total Long Term Investments Total Cash and Long Term Investments Property and Other Assets Property @ Cost 314 Fixed Assets @ Cost 31/12/19 10,000 Less Depreciation (3,000) Write off (Theft) (7,000) Total Property and Assets Total Current and Long Term Assets Represented by General Fund at 1st January Contribution to / (from) reserve in year Total Reserves Split of In Year Transactions 2022 £ Fund Raising 200 club etc 11,123 Grants 12,300 Invest Income (2,488) Presidents Grant (750) General Show Activity 10,329 Total 30,514 |
Dec 2022 £ 62,512 . (1,887) 0 0 76,861 6,061 530 144,077 17,234 161,311 3 314 161,625 131,111 30,514 161,625 |
|---|---|---|---|---|
Kington Horse Show and Agricultural Society
Supporting Notes to the 2022 Accounts
| Note | 1 | Analysis of Showground Costs |
£ |
|---|---|---|---|
| Marquees | 31,677 | ||
| Other showground costs | 20,424 | ||
| Total | 52,101 | ||
| Note | 2 | Miscellaneous income includes £3k profit following theft of the mower in 2022. | |
| Insurance payout £10,000 | |||
| Book value of mower (£7,000) | |||
| Profit on asset write off£3,000 | |||
| Note | 3 | The property figure shown in the accounts relates to Swindells Field, Kington and is | |
| shown in the accounts at original cost. | |||
| Note | 4 | The table below shows the profit/(loss) of the show for each of the last 10 years | |
| together with the year end reserves and expressed as a percentage of annual | |||
| expenditure. |
| Net Profit/ | |||
|---|---|---|---|
| Expenditure | Income | (Loss) | |
| 2013 | £94,524 | £108,733 | £14,209 |
| 2014 | £89,780 | £115,169 | £25,389 |
| 2015 | £101,462 | £102,089 | £627 |
| 2016 | £104,590 | £94,194 | (£10,396) |
| 2017 | £97,983 | £107,410 | £9,427 |
| 2018 | £90,413 | £89,964 | (£450) |
| 2019 | £92,813 | £103,368 | £10,555 |
| 2020 | £15,879 | £26,061 | £10,182 |
| 2021 | £14,955 | £12,238 | (£2,717) |
| 2022 | £101,461 | £131,975 | £30,514 |
| Year End | Reserves as | ||
| Reserves | % of Expend | ||
| 2013 | £88,493 | 93.6% | |
| 2014 | £113,883 | 126.8% | |
| 2015 | £114,510 | 112.9% | |
| 2016 | £104,113 | 99.5% | |
| 2017 | £113,540 | 115.9% | |
| 2018 | £113,090 | 125.1% | |
| 2019 | £123,646 | 133.2% | |
| 2020 | £133,827 | 842.8% | |
| 2021 | £131,111 | 876.7% | |
| 2022 | £161,625 | 159.3% |
INDEPENDENT EXAMINERS REPORT
TO THE TRUSTEES OF THE KINGTON HORSE AND AGRICULTURAL SOCIETY
We report on the accounts of the Society for the year ending 31st December 2022, which are set out in the previous 3 pages.
Respective responsibilities of Trustee and Examiner
As the Charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirements of section 43 (2) of the Charities Act 1993 (The Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43 (7) (b) of the Act, whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with our examination, no matter has come to our attention:
(1) Which gives us reasonable cause to believe that in any material respect to the requirements
-
to keep accounting records in accordance with section 41 of the Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
N Wozencraft CIMA, S Bound, AAT
Llandrindod Wells. March 2023
Kington Horse Show and Agricultural Society
| Total Total 2019 2021 £ £ 45,399 247 4,529 0 9,780 0 3,782 242 1,750 198 4,765 180 371 90 1,913 0 1,880 1,808 4,739 0 10,260 9,550 2,500 1,250 491 0 503 85 0 1,000 (100) 55 250 250 92,813 14,955 15,135 13,308 5,726 0 4,261 0 31,956 0 365 0 18,254 0 6,315 0 0 0 9,500 0 566 0 10,089 (20) 1,207 961 (158) (2,054) 151 43 103,368 12,238 10,555 (2,717) |
Income and Expenditure 2022 YTD YTD Expenditure 2022 2022 Notes Showground Expenses £ £ Showground Expenses 52,101 1 Main Ring Displays etc 5,753 Prize money 9,651 Printing & Stationery 4,171 71,676 Sundry Expenses Postage & Telephone 1,951 Advertising 1,545 Expenses and Website Development 128 Badges & Rosettes 2,199 Insurance 1,724 7,548 Showball, Sunday Lunch, 200 Club Expenses etc. 6,730 6,730 Honoraria & other Expenses Honararia - General 10,510 Honararia - Other 2,500 Secretary's Expenses & Meeting Costs 385 Affiliation 115 Depreciation 1,000 Other (Inc. Donations) 247 Presidents Donation / Award 750 15,507 Total Expenditure 101,461 Income Subscriptions 14,163 Entry Fees 9,732 Sponsorship & Donations 6,391 Gate Income 42,075 Advertising 363 Trade Stands 15,357 Showday Franchise Income 6,295 Grant / Bequest 12,300 YFC Dance and Show Bar 4,500 Catalogues 1,057 Showball & Other Fundraising 17,853 Interest & Invest Income 539 Inc/(Dec) in Book Value of Investments (3,027) Misc. Income 4,377 2 Total Income 131,975 Operating Profit /(Loss) 30,514 |
|---|---|
Kington Horse Show and Agricultural Society
. |
Dec 2019 £ 11,878 . (1,250) 0 56,758 6,061 0 73,448 20,057 19,827 39,884 113,332 314 10,000 0 0 10,314 123,646 113,090 10,555 123,646 2019 £ 5,349 0 1,050 (250) 4,406 10,555 |
Dec 2021 £ 34,007 (1,730) (12,300) 0 58,025 6,061 0 84,063 19,367 19,367 38,734 122,797 314 10,000 (2,000) 0 8,314 131,111 133,827 (2,717) 131,111 2021 £ (72) 0 (1,093) (250) (1,302) **(2,717) ** |
Balance Sheet as at Dec 2022 Cash at Bank £ Current Account Outstanding Creditors (Inc. Pre-payments) Grant received in advance Outstanding Debtors Reserve Account CAF Account Cash in Hand Total Cash Investments 14581.64 shares COIF Charities Investment fund (Value at 31/12/22) 17,234 15983 Shares M&G Charibond Fxd Int Fund 0 Total Long Term Investments Total Cash and Long Term Investments Property and Other Assets Property @ Cost 314 Fixed Assets @ Cost 31/12/19 10,000 Less Depreciation (3,000) Write off (Theft) (7,000) Total Property and Assets Total Current and Long Term Assets Represented by General Fund at 1st January Contribution to / (from) reserve in year Total Reserves Split of In Year Transactions 2022 £ Fund Raising 200 club etc 11,123 Grants 12,300 Invest Income (2,488) Presidents Grant (750) General Show Activity 10,329 Total 30,514 |
Dec 2022 £ 62,512 . (1,887) 0 0 76,861 6,061 530 144,077 17,234 161,311 3 314 161,625 131,111 30,514 161,625 |
|---|---|---|---|---|
Kington Horse Show and Agricultural Society
Supporting Notes to the 2022 Accounts
| Note | 1 | Analysis of Showground Costs |
£ |
|---|---|---|---|
| Marquees | 31,677 | ||
| Other showground costs | 20,424 | ||
| Total | 52,101 | ||
| Note | 2 | Miscellaneous income includes £3k profit following theft of the mower in 2022. | |
| Insurance payout £10,000 | |||
| Book value of mower (£7,000) | |||
| Profit on asset write off£3,000 | |||
| Note | 3 | The property figure shown in the accounts relates to Swindells Field, Kington and is | |
| shown in the accounts at original cost. | |||
| Note | 4 | The table below shows the profit/(loss) of the show for each of the last 10 years | |
| together with the year end reserves and expressed as a percentage of annual | |||
| expenditure. |
| Net Profit/ | |||
|---|---|---|---|
| Expenditure | Income | (Loss) | |
| 2013 | £94,524 | £108,733 | £14,209 |
| 2014 | £89,780 | £115,169 | £25,389 |
| 2015 | £101,462 | £102,089 | £627 |
| 2016 | £104,590 | £94,194 | (£10,396) |
| 2017 | £97,983 | £107,410 | £9,427 |
| 2018 | £90,413 | £89,964 | (£450) |
| 2019 | £92,813 | £103,368 | £10,555 |
| 2020 | £15,879 | £26,061 | £10,182 |
| 2021 | £14,955 | £12,238 | (£2,717) |
| 2022 | £101,461 | £131,975 | £30,514 |
| Year End | Reserves as | ||
| Reserves | % of Expend | ||
| 2013 | £88,493 | 93.6% | |
| 2014 | £113,883 | 126.8% | |
| 2015 | £114,510 | 112.9% | |
| 2016 | £104,113 | 99.5% | |
| 2017 | £113,540 | 115.9% | |
| 2018 | £113,090 | 125.1% | |
| 2019 | £123,646 | 133.2% | |
| 2020 | £133,827 | 842.8% | |
| 2021 | £131,111 | 876.7% | |
| 2022 | £161,625 | 159.3% |
INDEPENDENT EXAMINERS REPORT
TO THE TRUSTEES OF THE KINGTON HORSE AND AGRICULTURAL SOCIETY
We report on the accounts of the Society for the year ending 31st December 2022, which are set out in the previous 3 pages.
Respective responsibilities of Trustee and Examiner
As the Charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirements of section 43 (2) of the Charities Act 1993 (The Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43 (7) (b) of the Act, whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with our examination, no matter has come to our attention:
(1) Which gives us reasonable cause to believe that in any material respect to the requirements
-
to keep accounting records in accordance with section 41 of the Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
N Wozencraft CIMA, S Bound, AAT
Llandrindod Wells. March 2023