Charity registration number 507131 Company registration number 01219330 (England and Wales) Nantwich Agricultural Society Limited Annual Report and unaudited Financial Statements For the year ended 30 September 2024
NANTWICH AGRICULTURAL SOCIETY LIMITED Contents Page Dirertors, report Independent examiner's report Statement of flnanclal actlvltles Balance sheet Notes lo the financial statemenls 8-14
NANTWICH AGRICULTURAL SOCIETY LIMITED Directors. report (including directors. report and strategic report) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The directors (who are the trustees of the Nantwich Agricultural Society Lirnited For the purposes of Charity Lawl psernt their annual report and accounts lor the year ended 30 September 2024. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply wlth the Society's Memorandum and Artlcles of A550clation, the Companle5 Act 2006 and -Accounting an Reporting by Charities.. Statement of Recommended Practice applicable to charities preparino their accounts in ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 2019)" Reference and admlnlstratlv8 detall$ Presldent D Wltter Esq Chairman M J Parkin M.R.A.C. Deputy Chairman A N Burrows Vlce Chalrrnan G Callwood Executive Directors D S Hockenhull, S Rutter, O Lewis, J S Broomhall M.B.E. Dlrectors S Austln111 B A I Bonell N S Bonell J S Broomhall A N Burrows G A Callv400d R Darlington N M Darllngton J A Grallon D S Hock2nhull M J Parkin M Juhn50n 111 T Rees 111 S Large 11) S Rutterlll C Lewis D W Shaiv O Lewis {Ll R J Sadler J M Lomas A Southern A Moran A S Southern R J Morgan-wynne K Stockton S Owen 111 H M Sweeney C E Vaughan C Whittaker D e Windsor H Woodward 111 Appointed on 21 February 2024 Charity number 507131 Company number 01219330 Registered Office 17 Alvaston Business Parf< middlg.wich Road Nantwlch Cheshlre CW5 6PF
NANTWICH AGRICULTURAL SOCIETY LIMITED Directors. report (continued)(including directors, report and strategic report) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Independent examiner R Morris FCA DJH Nantwich Limited 17 Alvaston Business Park Middlewich Road Nantwlch CW5 6PF Bankers Barclays 8ank 38 Market Street Crewe Cheshire CWI 2ET ObJectl¥•J and actlvltlei The objects of the Soclety, whlch are set out In the governlng document, the Memorandum and Artlcles of Assoclatlc)n, re as fDIIows'. l To promote industry in general and egriculture in particular. bl To advance educatlon of the publlc In general and partlcularly educatlon In agrlculture and allled Industrles and In anlmal husbandry. The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the Society should undÈrtake, The principal actlvlty of the Soclety has been to hold the Nantwlch Show and has largely met its objectlves (see above) tlirougli IiDlding tIiE Sliow, as follows.. al General appreclalion of agriculture: to put before the general publlc a view of agrfculture and countryslde actlwlties In è way that knowledge and appreciation of countryside life can be gained by all who attend. bl Display of merchandise and machinery.. on a commercial bosis to attract direct sales, and indirect sales in term5 of dvertlslng to the audlence present. cl Display of farm produrts and animals.. on a competitive ba51S thereby enhancing the value of those entries which secure a Championship or high rating by the judge. The dlrectors conflrm that they have referred to the guldance contalned In the Charlty Cornmlsslon's general guldance on public benefit when reviewing the Society'5 objeitives. The Nantwich Show is organised into sections Cattle, Horses, Sheep, Poultry, Pigeons, Home Produce, Arts & Crafts, H(>rticulture and Fl(>ral Art. Each section is run by an urganising committee who each repc)rt ts the 8oard of Directors of the company. Volunteers provide a very considerable contribution to the Society. The extent of voluntary help does have a valuable effect on costs and without such we would not be able to operate and to support charitable causes. Strategic report The description under the headings "Achievements and perfomiance" and "Financial review" meet the tompany low requirements for the directors to present a strategic report.
NANTWICH AGRICULTURAL SOCIETY LIMITED Directors. report (continued)(including directors, report and strategic report) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achievements and performance The Society's prlmary funttlon is to organlse the annual Nantwlch Show Dn the last Wednesday of July each year. Following the relaunch of the show in 2022, Lhe new venue of Reaseheath College in Nantwich has prol'ed successfu and we end our third year with a 51gned 10-year contract to Stage the event In Its current location. This wa5 the last of our three year rent-free arrangement lin lieu of showvground infrastructure building costs) and next year we wlll begin a £5,000 deposit and IOWO of profits arrangement with Reaseheath. The total number of people on the showground on the day is recorded a5 9,500 (including trader5. Vlsltors and volunteers). Contrary to 2023 where we had raln as a challenge, the 2024 event landed on the hottest day ol the year ènd this too took its toll on gate numbers and staging costs. With the weather looking as promising as it did in the day5 leading up to the show, it was decided that extra toilets and marquee cover was required to cope with the potential higher numbers tsf vlsltors17,500 In 2023 $0 èn estlmate ol i i,OOO+ was conslderedl. The extra provlslon lor marquees lor sun coer1£2,00Dl wa5 detinitely neecled but the extra toilets (£12001 were not needed as the extreme heat put some people off and certalnly sent them home earller than expected. Approximately 80% of Trader5 renewed in 2024, many of which requested the same pitch. Trade stand5 are organi5ed Inlts seven categories= Agriculture, Lifeslyle, Molor, Professional Service5, Food & Drink, Charity and Community. In total, over 250 trader5 were sited an the field with approximately 40 of these being baoked via riur partner Creative Crafts who pays a rent to us of £900 and Is fully self-suflicient by supplying his own marquee and fumlfure. Caterlng concesslons have all Increased to Just over ÉIO,000 which is pleaslng espècially as we have fulfllled our alm to use only suppliers frorn within 40 mile5 of Nantwich and where possible, farmers or home-grown food producers in line with our conslilution to promote farming, More space was made available for the Cattle Sectlon, taking the total number of beasts from 79 In our 2022 launch to 170 in 2024. Sheep also increased from 75 to 140 in 2024, The shIs were back and also Put on an excellent display of 34 horses. It Is consldered that we are now nearing the maxlmum of what we can accommodate. There has been some pushback from Sheep on prize money and entry fees which has been rectified for rext year. In the first year we had zero adminislration costs and both the Show Manager and Show Secretary volunteered Iheir timp. Last ypar Hdministrhtian rnsfs inrliJdp.d thp qhaw SprrpfHry, Mpmhprship £prrptary and pxtprnal markpting anrt graphlc deslgn support. Thls year, the Show Managers role became pald and like the Show Secretary, averaged at 16 hours a week for EL5 an hour each. FSnanclal r•vl•w Details of tie results for the year are set out In the annexe(J Statement of Flnanclal Artlvltles. This summarises tPe Income and expenditure for the year together with the reserves at the beginning and end of the year. This is the First year the Society has been in a position to bank E170,000 into a savings account, meaning that shoul0# n incident like the pandemic happen again e.g. not covered by event cancellation insurance, the Society would not be bankrupt. The Executlve D1CtOrS are happy wlth the Show Day proflt of £35,000 whlch Is a 15Qlo net surplus whlch Is wnsldered tD be an above average profil in both the charity and agricultural shows sector. The Show Management have ensured that marketing, attraition5 and operation costs have been kept to a minimum allowing us to maximise on profit. The Directors, policy is to maintain reserves at a level equivalent to enable the Society to carry out its planned activities. The dlrectors propos" to make no transfer for the year to the Deslgnated Fund whlch Is allocated ft>r dlstrlbutlon to various agricultural bodies to be determined by the member5, The directors continue to keep un¢er review any major risks arising from or impacting on the activities of the Society. The directors consider that the 5yStem5 they have in place to manage such risks as have already been 35certalned appear to be adequate in normal circumstance5.
NANTWICH AGRICULTURAL SOCIETY LIMITED Directors. report (continued)(including directors, report and strategic report) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Structurei governance and management The Society 15 governod by its Mernorandum and Artlcles of Assoclation adopted on 15 july 1975 and amended on 27 September 2023. In the event of Ihe company being wound up. members are required to contribute an amounl not exceeding EIQ. The structure of the Society is such that all final decisions are made by the directors at their bi-monthly meetings, Intermediate business is transacted by any one of the 6 sub committees, supported by the Show Management which meets monthly and considers all recommendations put forward. The directors are familiar with the wotl< ol the Society having partir.ipated in the Show over a number of years. New directors are famlllarlsed wlth the work of the Soclety by the existlr)9 dlrectors. The directors, report, including the strate9ic report, was approved by the Board of Direttors. Mr M J Parkin M.R.A.C. Direclor Dated.. 19 December 2024
NANTWICH AGRICULTURAL SOCIETY LIMITED Independent examiner's report TO THE DIREcfoRS OF NANTWICH AGRICULTURAL SOCIETY LIMITED report to Ihe director5 on my examination of the financial 5taternents of Nantwich Agricultural Society Lirnited (the Society) for the year ended 30 September 2024. Responslbllltles and ba$ls ol report As Ihe direclor5 of the Socièty land also its dlrectors for the purposes ol company lawl you are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the finantial statements of the Society are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Society's financial staternents carrled out under section 145 of the Charities Act 2011 Ithe 2011 Art). In carrylng out my examination I have followed all the applicable Dire¢tion5 given by the Charity Commission unLler section L4515llbl nf thp ?ni l Art. Independent examiner's statement have completed my examination. I confirm thal no matters have come to my allenlion in connection with the examination giving me cause to believe that in any material respect.. accounting cOrdS were no¢ kept in respecl of the Society as reQuid by section 386 of the 2006 Act,. or the flnanclal statements do not accord wlth those records., tsr the Nnanclal statements do not comply with the Jccountlng requirements of sectlon 396 of the 2006 Act other Ihan any requirement Ihat Ihé accounts give a Irue and fair view which is not a matter considered as part of an independent examination., or the flnanclal statements have not been prepared In accordance wlth the methods and prlnclples of the Statement ol Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS IQ21. I have no concerns and have come across no other marrers In connection wirh the examination ro which attenrion should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. R Morrls FCA DJH Nanlwich Limile 17 Alvaston Business Park liddlewich Road Nantwlch Cheshire CW5 6PF Dated.. 19 December 2024
Nantwich Ag ricultural Society Limited statement of financial activities Including income and expenditure account For the year ended 30 September 2024 Urtre*tri¢t¢d Ufirt#trirt¢d Ufftrt•tri¢t¢d Tot•1 lunds fvnds funds general 2024 general 2023 deslgmatod 2023 2023 Notes Income from: Donations and legacies Charitable activities 10,345 212,746 1,919 10,541 192, 143 10,541 192,143 Investments Total Income 225,010 202,684 202,684 ExpeDdlture on: Charitable activities 190,360 IS6,359 11,048 863 157,222 11,048 Other expenditure io Total expenditure 190,360 167,407 863 168,270 Net income and movement in funds 34,650 35,277 18631 34,414 Reconciliation of fund$: Fund balances at l October 2023 180,747 145,470 863 146,333 Fund bJlJnces at 30 September 2024 215,397 180,747 180,747 The statement of financial activities includes all gain5 and losses recognised in the year, All income and expenditure derive from continuing activitie5.
NANTWICH AGRICULTURAL SOCIETY LIMITED Balance sheet AS AT 30 SEPTEMBER 2024 2024 2023 Note$ Fixed assèts Tangible asset5 12 6,897 659 Current J$$ets Debtors Cash at bank and in hand 13 8,626 210,881 11.524 193.644 219,507 205,168 Cr4ditorsi amounts fallin9 du• within one year 14 .11,0071 125,0801 Net cUrnt assets 208,500 180,088 Total ass•ts l••• curr•nt liabiliti•8 215,397 160,747 Incom• fundj Unrestritted funds 215,397 180,747 215,397 180,747 The company is entilled lo the exemption from the audit requirement contained in section 477 gf the Cpmpanies Act 2006, for the year ended 30 September 2024. The directors acknowledge their responsibilitie5 for complying with the requirements ol the Companies Act 2006 viith respect to accounting records and thè preparation of financlal Statements. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476. These flnanclal statements have been prepared In accordance wlth the provlsions appllcable to companles subject to the small companies reglme. The flnanclal statements were approved by the Directors on 19 December 2024 Ir M J Parkln M.A.A.C. Director Company registration number 01219330
NANTWICH AGRICULTURAL SOCIETY LIMITED Notes to the financial statements FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢¢ounting policies Charity inforrnation Nantivich Agricultural Society Limited is a private company limited by guarantee incorpDrated in England and Wale5. The registered office is 17 Alvaston Busines5 Park, Middlewich Road, Nantwich, Cheshire, CW5 6PF. The buslness address Is clo Bluebell Cottage, Swanley Lane, Budand, Nantwlch CW5 8QB. 1.1 Accountin9 convention The financial statements have been prepared in accordance with the Society's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102,1 and the Charitles SORP "Accountlng and Roportlng by Charltles.. Statement of ReLommpndpd Practice applicable to charitips preparing thpir accoiints in •ctordance with thg Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. The Society is a Public Benefit Entity as defined by FRS 102. The Soclety has taken advantage of the provi51ons In the SORP for charltles not to prepare a Stat)ment of Cash Flow5. The financial statements are prepared in sterlingi which is the ftjnctional currency of the Society. Monetary mounts in these financial statements are rounded to the nearest £. The flnanclal statements have been prepared under the h15torlcal cost conventlon. The prlnclpal accountlng pollcles adopted are set out below. 1.2 Going concern At the time of approvlng the financlal statements, the directors have a reasonable expeciallon that the Society lia5 adequate i-e50uI-ces to coiitlllUE iii operatiaiial eKlStence foi- tlie fDre5eeable futui-e. Tlius tlie dlreclors continue to adopt the golng conrn basis of acctsuntlng In preparing the flnanclal statements. 1.3 Charltable funds UnreJ•trlcted funds are avallable for Uu•e at the dlscretlon of the directors In furtherance ol thelr eharltable objectives. 1.4 Incoming resources Income Is recognised, net of VAT, when the Society Is legally entitled to it after any performance condltions have boon met, the amounts can be rnea5ured reliablyy and It Is probable that Income ivlll be recelved. 1.5 Resources e)rpended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, It 15 probable that a trarsfer of economic benefits will be reouired in settlement, and the amount of the obllgation can be measured rellably. Expenditure Is classlfled by artivity. The costs ol each actlvlty a made up of the total of dlrect costs and shared costs, including support costs involved in undertaking each activity. Direct costs allributable to a single activity are allocated directly to that activity. Shared c05t5 hlEh contnbute to rnore than one activity and support costs which are not attributable to a single activity are apportioned between those activities on basis consistent with the use of sOurCes. Central staff costs are allocated on the basis of time spent, and depreclatlon charges are allocated on the portion of the asset's use.
NANTWICH AGRICULTURAL SOCIETY LIMITED Notes to the financial statements {continued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Atcounting polities (Continued) Expenditure is recognised on an accruals basis as a liability is incurred. Cost of charStable artlvltles Include dlrert and support costs attrlbuted to the Nantwlch Show. Govemance costs Include those costs assoclated wllh meetlng the conslltutlonal and statutory reqU1MentS of the Society and include the independent examination fees and costs linked to the management of the Society. 1.6 Tanglble flxed assets Tangible fixed a55ets are initially measured at C05t and subsequently measured at COSt, net of depreciation and any Impalrment losses. Depreciation is recognlsed so as to write off the cosl or valuatlon of assets less their residual values over their useful live5 on the following bases.. Plant and equipment Showground Smprovements 209/0 reducing balance IO'/o slralght line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and 15 reccgni5ed in the 5taternent of financial activities. 1.7 Flnanclal InJtrum•nts The Society has elected lo apply Lhe provisions of Section 11 'Basit Financial Inslruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Sociely's balance sheet when ihe Sociely becomes party to the contractual provi5ion5 of the instrument. Flnanclal assets and Ilabilltles are offset, with the net amounts presented In the flnancial statements, when there Is a legally enforceable rlght to set off the recognlsed amounts and there is an Intentlon to settle on a net basls or to realI5e Ihe assei and 5eiLle the1Sablllty slmultaneously. 1.6 Leases Rentals payable under operating leases, Includlng any lease Incentives recelved, are charged as an expense on a stralght Ilne basls tsver the terrn of the relevant lease. Income from donations and le94¢ie$ Unrestrlcted Unrestrlctsd funds fur5 2024 2023 Donations and glfts Grants 2,345 8,000 2,541 8,000 10.345 10,541
NANTWICH AGRICULTURAL SOCIETY LIMITED Notes to the financial statements {continued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charitable activities 2024 2023 Nanti¥ich Show 212.746 192.143 Incomé from investménts Unr•itrlct•d Unr•gtrlrtod IndS fundg 2024 2023 Interest receivable 1,919 io
NANTWICH AGRICULTURAL SOCIETY LIMITED Notes to the financial statements {continued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charitable activities 2024 2023 Depreciation Prizes and awards Printingi Stationery* office and sundries Showground costs Health, safety a security Show managernent systems Advertlslng Subscriptions, affiliations and licences Insurance 340 165 11,542 7,328 43,361 lQ,077 8,719 7,517 792 9,526 7,326 41,676 5,539 7.333 B,809 967 8,968 8,756 11,426 8,072 8,137 7,534 7,945 7,468 4,553 2,491 2,007 863 Traffic control costs Electricity costs Ring display5 Catering Marketlng Bank charges Donalions Donotions - Designated fund ID,727 7,180 4,446 2,848 3,SlO 147,537 130,411 Share of support costs Isee note 61 Share of governanca costs (see note 61 30,956 11,867 16,730 10,081 19D,360 157,222 Analy$ls by lund Unrestricted funds - general Unre5trictecl fund5 Desianated Funds 19D,360 156,359 063 19U,360 157,222 Support costs allocated to activit•e• Totol Total 2024 2023 Show management, secrEtarial & admin fees Governance 3a,956 16,730 10,081 11,867 li
NANTWICH AGRICULTURAL SOCIETY LIMITED Notes to the financial statements {continued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Support costs allocated to activities (Continued) 2024 2023 Governance ¢05ts comprlse: Accountancy Bookkeeping Independent examination fees Room hire & AGM costs Share of support Costs 2,5DO 2,500 4,990 500 4,680 500 437 542 3.440 1,859 11,857 10,081 Net movefflent In funqls 2024 2023 The net movement In funds Is slated after charglngllcredltlngl: Depreclatlon of owned tanglble flxed assets Loss on disposal of tangible fixed assets 340 165 11,C>48 Dirertors None of the directors (or any persons connected with them) received any remuneration or benefits from the Society during the year. Employees The 8verage monthly number of employee5 during the year was.. 2024 Nurnber 202) Number Total There were no employee5 whose annual remuneration was more than £60,000. 12
NANTWICH AGRICULTURAL SOCIETY LIMITED Notes to the financial statements {continued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 io other 2024 2023 Net1055 on disposal of tangible fixed assets 11,048 11,048 11 Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 12 Tangible fixed a$$ets Pl•nt athd ShowgroJnd gulpment Improvements Totsi Cost At l October 2023 3,383 3,383 6,578 Additions 6,578 At 30 September 2024 3,383 6,578 9,961 Deprèclatlon and Impalrment At l October 2023 Oepreciation charged in the year 2,724 132 2,724 340 208 At 30 September 2024 2,856 208 3,064 Carrylng amount At 30 September 2024 527 6,370 6,897 At 30 September 2023 659 659 13 Debtors 2024 2023 Amounts falling due within one year: Trade deblors 6,705 2,741 Other debtors 1,921 8,783 8,626 11,524 13
NANTWICH AGRICULTURAL SOCIETY LIMITED Notes to the financial statements {continued) FOR THE YEAR ENDED 30 SEPTEMBER 2024 14 Creditors: amounts falling due within one year 2024 2023 other taxation an¢J social security Trade creditors other creditors 1,114 4,510 16,856 4.000 4,224 Arcruals and deferred income 5,383 11.007 25.080 15 Unrestricted fund$ The income fund5 Of the Soclety Include the followlng desi9nated funds whlch have been set aside out of unrestrlrted funds by the trustees for speclfS¢ purp95es: At l October 2023 Incomlng Rel0rC At30 •xpendt6•pt•mb•r 2024 General funds 180,747 225,010 1190,3601 215,397 PrevSou$ year.. At l October 2022 Incomlng re$our¢es Resources At30 expende6*pteMber 2023 Designated General lunds 863 18631 1166,5441 144,607 202,684 180,747 145,470 202,S84 1167,4071 180,747 The Deslgnated Fund represented amounts prevlou51y transferred from the General Fund for the purpose of makino charitable donations. 16 Related party transactions During the year Mrs E Parkin the wile of Lhe chairman, t¥1r M J Parkin carried out marketing, sho management and bookkeeping services for the Society amounting to a total cost of £16,695. These costs are ncluded In show management, secretarlal & admln fees. 14
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