## **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**