FINAL 2510212025 CYMDEITHASAMAETHYDDOL MEIRION CYF DIRECTORS, REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER2024 Co No. 11893027 Harold Smith CharteredAccountants Criccieth
FINAL 2510212025 CYMDEITHASAMAETHYDDOLMEIRION CYF CHARITY INFORMATION YEAR ENDED31 DECEMBER 2024 Cymdeithas Amaethyddol Meirion Cyr is a Registered Charitygoverned by a Memorandum & Articles ofAssociation dated 24 June 1998. Registered Office- Cymdeithas Amaeth Melrionydd Cyf Nant y Glyn Lon Ednyfed Criccieth Gwynedd LL52 OLD Charity Registration Number: Company Registralion Number: 500759 11893027 Directors. Secretary Directors Mr E DouElas Powell Mr R Dewi Owen MrEdward Hedd Pugh Mr Arwel Roberts MITrefor Hughes MrHuw Lloyd Independent Examiner: Harold Smith Chartered Accountants 29 High Street CRICCIETH Gwnedd, LL52 OBS Bankers: HSBC BankPIc CONTENTS Contents and Informatlon Direclors, Report Independent Examiner's Report Statement of Financial Activities Page I Page 2 Page 3 Page 4 Page 5 Pages 6-10 Balance Sheet Notes to the Accounts
FINAL 2510212025 TRVSIEES, REPORT TheTr¥sieÈs presenlthelrreport andtheaccountsoflhe¢harityfortheYearended31 De¢embef 2024. OBJECnVES OFTHE CHARfTh AND ITS PRINCIPALACTIVIIIES The objectives Df the Societyare io promote Agri¢ulrure by hotding an annvalAgrlcullure Shmv in the lumer County of Meiioneih foi Ihe exhibltlon of larFning siock. implement5 and pioduce. Wilh a wew lo irnpioving ihe breeding ol b'vestock and promoting the adopThon ol improved methodsof larming. REVIEWOFTHE YEAA nh9lllon Chwelrw2ts25 RecornMÈndatloTrSofthe Bowdolltuxtet$ F•bruary202S i.StffjhufiStriiEtur• -SIWhuiyGymoeithèsbcWIWauySioe -Fei Cynn¥StWhui2025 5ocwafflashowCon)miiteestruciure AspÈi2025Struthure Proposals 2. IIat•riohlJllnMIIFlnan¢mIetS Gw&iiantlExpen4rture PathaUigeisrOaibÈditsrt£05telteithionrd1r4,ThCadwCIysys1Oe hebWnÈl08VBiTredolIweithl&1edd&u.loW CoDWnuÈ SeekeNletYcO5aWin8SWl1stretWin0the¢QfftTh10lthÈsknWvIith0Ue(1erlIfiEa¢iua1cUtsttsthesoW.5aCllles. cwmi1r0th• .AdDty8upotyaBwedOoNNd IntYyShX Igelsb)dyf0troimhthYI.1Sj - ReealIz$p¢¢tsOtlhes1¢¥'s1ornesIreèMtoSeek3fftb)IÈblreLV Iheshow TrarteStS RateSiAeewed202al Spon501ship IReviewe420231 TNÈI20231 knCrea5efulureRaftieeS ErnryFe¢sift¢weweo20241 lncTeaseEnnuMb2[s l01strlct¢ommitteeRoles1 GallMisSIOn Fee (ReIed2023 GAie HÈceipt5lAEyWOd5t[engtÈnhlIcy8ndAd1sin¢1 -R¢iÈofOLsthrtC0mmwestobeniÉhlhte1r95uPpOrtèl1the3bOsptslls. Syhv3dauYchwaneBQIIAdditioThèIOb5em0ns IICanoibwwThiioarChvs1hV1ysl•W-CjItWffjl 21GweiThipduCynllw" lnnovainFm-LIwdrath Cypryu Roi agwellhtedcynrychwAroalat Y4nfennydJionAtoal. •Aelodaèlh Noaow Ston¢inau masnachH4ddoa W5ebJ RESEAVES POLICY The B03rd reported on Ihe Society's Fixed and Curyeni Asseis Is continually se¢kinB 10 saleiNrd Iheir overall vaiutr subieci to the overall re5ulliwOpefaiionalActivitiesat¥J a150the perform3nceiis Invesimenls. TANGIBIEFIXEOASSETS Thesocietys Fixed a55els are lisiedlogelherwyththeir depreclatedvaiue a5allheyearend. RESPONSIBIUTIES OP7BUSTEES A Trustee is & peison loirnally appoi4ied 10 manège the a55ets ol Society tor the benefrtof the benefiarie5 In accordance with Ihe ObjÈciNesofthe SoCty. Toasceirainthe naiure 0llheso¢tyand lo manage saleguaid it5Assels TomaiTrtsin clear ano ÈtcuraiefinÈn¢i8liecoids and Bccounts To exeicise a 5tabndardolcare in the rnan3gemeniollbe Society Trustees 5*ouldexeFc15e Ihe ulmo$i cautlan in lulllluingihe duties imposed Onlhem. Ytheiher by operaiion ol lowoT byspecilic termsot Ine Memorandum Of Articles. CoTe thoulo bp taken io review and UndeFsiènd The relevant truSI Insiiumeni and IhÈ fiduciary ttuiies lmposedbyiawandspeciali81fvlce$h0uldbe0ugThtWhere appiopriate. Approvedbythe Board on Ihe..............--..........-.-...and signed oniheiFbehaiity-. EDougias Powell E Dtyjoas Poweii cHARV3EcBtTARy
FINAL 25102/2025 INDEPENDENTEXAMINERS, REPORTTOTHETRUSTEES OF CYMDEITHAS AMAETHYDDOL MEIRION CYF We report on the accounls ol the charityfor the year ended 31 December 2024 which comprise the statement of financial activities and Balance Sheet and the related notes. Respective responsibilities of trustees and examiner; The charity's trustee5 are responsible for the preparation ol the accounts. The charity's trustees consider that an audit is not required for this year undei section 144 01 the ChaTlties Act 2011 (the Charlties Actl and that an independent examination is needed. It is our reponsibilitylo.. examlne the accounts under section 145 oflhe Charities Act, lo follow the procedijres laid down in the general Directions given bythe Charity Commission (under section 14515llbl of the Charities Act. and to stale whether particular matters have come to my atteniion. Basls of Independent examlner's statemenl Our examination was carried oul in accordance wilh General Directions given bythe Charity Commission. An examlnation 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 the trustees concerning any such mattels. The procedures undertaken do not provide all the evidence Ihat would be required in an audit, and consequently no opinion is Eiven as io whether the accoijnts present a true and fair. view and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with myexaminalion. no matter has come to our attention which gives us iea50nable cause to believe that in. any material respect. the requifements: to keep accountine recoids in accordance with section 130 of Ihe Charities Act: and to prepare accounts which accord with the accounling records and comply with Ihe accounting iequirements of the Charlties Act have not been met., or 2. to which. in our opinion, attention should be drawn In order lo enable a pioper understanding of the accounts to be reached. Dated . Simon Murray-williams FCA for and on behalf of Harold Smith Chartered Accountants St. Asaph Business Park Denbighshiie LL17 OJA
FINAL 2510212025 CYMDEITHASAMAETHYDDOL MEIRION CYF STATEMENT OF FINANCIALACTIVITIES Summary Income and Expenditure Account YEAR ENDED 31 DECEMBER 2024 Toial Total Unrestricted Restricted Funds Funds Funds Funds 31122024 3112 2023 In¢omlne Resourets Notè raredf Direct Charitable Income Income from Investments 87,900 87,900 16591 85,368 6,351 16591 Giants Received Total Incomlng Resoufces 87,241 87.241 92.719 Resources Expended Direct charitable expenditure Giants expenditure Depreciation Governance costs 87.661 87,661 90.199 2,169 991 2,169 991 876 Total Resources Expended 90,821 90,821 93,037 Net Movement In Funds 13,5801 13.5801 11,3181 Balances brought forward al 01 January2024 Balances Carried forward at 31 December 2024 114,645 111,065 6,536 6,536 121,181 117.601 122,499 121.181 Movements on reserves and all recognised gains an¢J losses are shown above. The notes on pages 6-10 form part ofthese Accounts.
FINAL 2510212025 CYMDEIYHASAMAEfHYDDOL MEIAIONCYF IALANCESHEET ASAT31DECEM8ER2024 Total Totsl UThrestrlcted Restrttted Funds Fun0$ Funrts Fvnds 31122024 3112 2023 Note FIXEDASSETS Tanwble FixedAssets 15.912 IS,912 15,912 14,199 14,199 15,912 CURRENT ASSErs Debtors 1.280 1,280 113,580 114.860 2.87S Bankand cash balanees Inc Premium Bonds 14 113.580 113.475 114,860 116,350 cURRE14TLI1LffIE$ 9,065 9.065 7,406 NetcUrMtAsSPts J17,801 117.601 121,181 LFABILMESDVEAFTEA IVEAR io NET ASSETS 117,601 117.601 121.181 FUNDBALANCES Unresriicied Funds 114,645 3,580 114.645 115,3 1,318 6,536 Movement 3.580 Reslricied Funds 6.536 6,536 Movement 111.065 6.536 117,601 121,181 Foi IhesEarended31 De¢¢mber2(1241he componywasenlitleLltoexempriofjfTomauditundef Section 477olthe Comp8niÈsAtt2006Kelaiingto sffjall Companies. Responsibilities of DiieciOWTw5rees.' ThemÈmbeTS havenotreouJr8fllhe chaffitable companyto obtOAnafjaudiiolitsAccounts fortfie yÈaiin qué$tionwithSection47601the ComwniesAccount. The DiffettOTs/Tnislees aeknowlerl¥e lheirre5ponslbItlesrorC0mpI1wj[hlhe requiimeNJ¢s of rhe ComponsA¢tWilhrespecttoa¢¢ounlingrecords 8theparali0n0lACcotsnts. TheSeAccountshabeenpfepa1ed1a¢cOr£¢8nce wifh thÈprowsionsapplic8ble io comp8nies subjÈ¢tto the smallcomp8nhésffegime. Approved bythe Board on Ihe and signEd on Iheii beh81f ty., ChtrityNumber'. 500759 The noteson pages 6-10 loim part oflheseA¢counts.
FINAL 2510212025 CYMDEITHASAMAEfHYDDOL MEIRION CYF NOTESTO THEACCOUNTS YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key Sources of estimation uncertainty in the preparatlon ol the financial statements are as follows.. Bas1$ ol preparatSon The financial statements have been prepared in accoidance with Accounting and Reporting by Charities.. Siatemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with ihe Financial Reporting Standaid applicable in the UK and Republic of Ireland IFRS 1021 leffective l January20151- IChaTlties SORP IFRS 1021. the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 and the Companies Aci 2006. Meirioneth Agricultural Society meets the delinilion of a public benefit eniity under FRS 102. Assets and liabilities are initially recoEnised at historical cost or transaction value unless OtheiSe stated in the relevant accounting policy rbotelsl. The trustee5 have a reasonable expectalion ihat the charity has adequate TesoLJrses to continue in operation31 existence lor the foreseeable future. The charitytherelore continues to adopt the going concern basis in preparing its financial slalements. Reconciliation with prevlous GenerallyAccepled Accounting Pfacllce In preparing the accounts, the trustees have considere(I whether in applying the accounting policies required by FRS 102 and The Charities SORP FRS 102 the iestalement ol comparative items was iequired. The trustees have reviewed Ihe transactions and have determined that no amendment to the comparalive fiEures is required, other than a presentational amen(Jment. Donated income and grants receivable ale taken into account when receive(J bythe charity. Income received in ciicurnstances where a claim loi iepayment ol tax has been or will be made to HM Revenue & Customs is grossed up lor the tax recoverable. Any amount ol tax reclaimed liom HM Revenue & Cusloms but not yet received is shown withirb the chaKity's debtois. bl QItRLlnoo.u Investment income is taken into account when receivable and experiditure, including ir¥ecoverable VAT, when incurred by the charity, regardless ol when payment is made. Gianls payable are taken into account at the earlier ol when they ale paid or become constructive obligations. ur Unrestricted funds are donations and other income received or Eenerated for the objects of the charity without specified purpose and are available for purposes as directed by Ihe Trustees. Restiicied funds are amounls received where the donor has specified the purpose for which il should be used.
FINAL 2510212025 CYMDEITHAS AMAETHYDDOL MEIRION CYF NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024 Fixed Assets acouired for use bythe chaiity are capitalised and depreciated over their estimateij useful lile unless they are of low value when they are written off on purchase. Assets aTe deprecialed on the straight line basis at the following rates= Storage Building ShowEquipment- Metal io% Wood 20% Cup5 & Trophies Office/Sec Equipment Printing Equipment io% 33% 20% The company is a registered charity and is exempt from taxation under the Income & Corporation Taxes Acts. 11 Cash Flow The company has taken advantage of the exemption provided bythe Financial Reporting Standard and has not prepared a Cash Flow Slatement for the yea¥.
FINAL 2510212025 CYMDENHASAPIAETMYDDOLMEIAION¢YF NOTES707HEACCOUNIS YEAAEIIDED31DECEMOER2024 INCOME Total Total GeTrerai 5oclety SI1214 31122ts23 MernbeishlpB.O. Member5hThiCèsh 4.854 4.8 4.Y42 4.347 4,347 iJ5 Ranle Proes 135 1.573 1.$73 EntryFees-EntryForm EntyFee5-Dots EniryFÈe5 TrattÈStand$ 4,623 1È24 628 8.192 2.124 17.941 17.941 19.163 TTade Stands. Onbne Sole Rilhis Dog¢41¥gUes G3ReceiptS Special PreS 2.868 41,7QO 2.868 4,700 5,000 37,057 37,•57 34,167 69r S50 i.ioo Srh)n$or5hip SaleolSts8w 4,850 Gianis RÈcÈi¥ed IweTestlYom MoneyMaikei+ Bank hEiea$elDecieèseinVaiue Ch4rincv Hileolsh•EqUIPrnent & Sale olstraw Wirtten 350 3SO 1,707 1.000 Roseites instockaiyeaf End 07JOO 8?.Z43 91,71 DIRECVCHARITAbLEEXPEtIDfFURE Tolal Totsi Gtnerthl Restrlcted 31122024 31 122023 Athernslng Atiraciions 1.354 X.354 1,5Q9 500 500 HorsEJuros D4gExpEnses AlhliiOn FÈÈ5 sso 550 811 811 765 52 1.764 42 1,20D 132 42 2,097 2,097 460 l247 ILM1Ees Lufiches 460 925 2.317 2.317 2,134 LWt& Heat Trophi9$ and Meda PnntinE.Ro$¢lle5, Badges Posiage Pnig Money PublicAOdre55Systsm ts6 81 7.74$ 7,745 4511 7267 X,97ts 7.J85 4.511 7.267 7,S70 2.2 1.975 1.000 Room Hire 455 455 461 S*¢relaNaUAdmlnSÈMr?$ sBCietenalExpensÈsl1yel shrOUndReD1 PFewrèNon tslshowground 51e4vaids-GatÈlCat Pa 10.500 2,744 s.000 io,soo 1.53ts 2,744 s.000 .002 4002 1.4QTr 1.4QO 1,000 365 sund15
FINAL 25102n025 SocietyAGM Shuttlè Bu$Sece 400 35 Stiaw T•lephone Tents&MaTque$s T041ets 250 250 13.316 13.316 23,592 3,4D2 3.300 2.198 2.191 Webs 946 nk Chai8es HMRC 338 475 loo 20? Rent 5.000 5.000 NtsSocietysecFetary Stoiage Building-GroundReni 2.500 2.50ts 2.SOts 500 500 991 1,893 1,962 Depretiatitrl 2.169 I169 9OM21 90,621 93.037 GIiANf$pAYABLE 31 122024 31122023 OOVEAMINCE Total 31122024 31122023 al0sMith Partnership 991 876
FINAL 2510212025 CYMDErrHASAMAETHYDDOLMEIRION CYF NOTESTOTHEACCOUNrs YEAR ENDED 31DE¢EMBER2024 TANGIJLEFIXEOASSETS Show Eqvlpment., Melal Show Equlpment.. Wood cups & Tiophles OftSceiS•c Equlpmeht Pdnti Str*roEe Bulldlthg Equlpment Total Cost.. Al lJanu3ry2024 Disposals intheyear Adoitions in Ihe year 3.218 6.815 1.879 506 1,883 16.301 1,380 272 128 1,760 A131 Decembei2024 3.218 8.195 1.879 2,272 1.883 18.081 Accumulated DeprecatIon At lJanuary2024 Char8e in the year Al 31 December 2024 161 820 376 227 209 377 2.169 N¢tbookvalue'. At31 December2024 3,057 3.048 7.376 6.058 1.503 2.045 425 1,507 15,912 14,199 Al 31 Decembei2023 1,502 303 1,328 loial 31122024 7otal 8 DEBTORS 31122023 Trade Debtors 1,280 2,875 1,280 Total g ¢AEDITORS- LIA81LITIES FALLING DUEwrrHIN ONEYEAR 311224 31122023 Cieditoffs and Accruals 9,065 7.406 Total 31122024 Total 31 122023 10 CREDITORS- LIABILITIESFALLING DUEAFfER 0>4EYEAR Inieresl bearin£ Loanl'l
FINAL 25/0212025 CYMDEITHAS AMAETHYDDOLMEIRION CYF NOTES TO THE ACCOUNTS YEAR ENDED 31 DE¢EMYER2024 li RESTRICTED FUNDS The restricted funds represent arnounts received for specific purposes and the movements in yeat are as follows.. Openlng balance In¢omlng Resour¢¢s Outgolng Resources Transleis In the year Closlng Balance Unrèstri¢ted Funds 114.6d5 87,241 90.821 111.065 Restricted Funds 6,535 6,535 121,180 87.241 90.821 117,601 12 RELATED PARTYTKANSACTIONS Olherthan the above no amounts were paid 01 are payable to anytrustee or to any person connected io them otherthan reimbursemeni of expenditure incurred on behalf ol the Trusi. 13 MEMBERS Each member of the chafity undertakès lo contribute il the charity is wound up an amouni noi excèediThg£lO. 14 8ANK& INVESTMENTS Total Total 3112 2024 31122023 HSBC Business Bank Account- Carn Cyf HSBC Cornmercial Caid Account 4,046 3,200 520 465 Bla¢kRock UK Bond Fund ai 31.12.2Q24 106,099 106,758 HSBC 8usine55 Bank Accouni- MAS 2,390 2.526 Premium Bond 525 525 113,580 113,474