cst CARDIGAN COUNTY AGRICULTURAL SHOW 50CIErY ANNUAL REPORT AND ACCOUNTS FOR THE PERIOD 01 JANUARYTO 31 DECEMBER 2024 CHARITY COMMISSION REFERENCE NUMBER 509960 D M B DAVIES LIMITED ACCOUNTANTS
CARDIGAN COUNTY AGRICULTURAL SHOW SOCIErY NTEN PA Page Trustees Report Slgnlflcant Information Trustees, Responsibllity for the Accounts Independent Examinels Report to the Trustee5 Statement of Financial Activities Balance Sheet 7-11 Notes to the Accounts
CARDIGAN COUNTY A Rl LT RAL OCIETY TRUSTEES. REPORT The Trustees present their report and the Accounts for the period 01 January to 31 December 2024. Develo ents Actlvitles and Achlevements durln the ar The Trustees would like to thank the volunteers who help to make the Annual Show such a success, these include field stewards, gate stewards, car parking stewards, organlsers of the Cookery, Craft and Hortlculture competitions. The Trustees also appreciate the loan of machinery and equipment from Show Committee Members and the local farmlng community. Flnanclal Artlvltles and Affalrs The Trustees are satlsfied with the Financial Results for the period 01 January to 31 December 2024. A surplus of £232,641 wa5 shown for the year. Thls was made up of £62,357 from investment income, £6,346 from other income, and a fluctuation gain of £213,312 in respect of the investments made with HSBC Premler Dlscretlonary Management Portfolio. Annual expendlture had remalned under control and it is proposed to keep costs to a minimum for the immediate future. Approved by the Trustees on lè 03 ZOZS and signed on thelr behalf by: (SIGNATURE) ISEcRETARY/DJREET0R}.f.1M....tr (NAME)
CHARITY COMMISSION REFEREN E NUMBER: 5099 CARDIGAN COUNTY AGRICULTURAL W SOCIETY SIGNIFICANT INFORMATI The Association was establlshed under a Trust Deed dated 6 March 1980 in order to promote and advance for the benefit of the public, agriculture, horticulture and forestry and to promote the improvement of livestock, and the prevention and eradlcatlon of diseases in animals useful to man and in particular in the area of Cardigan and District. RESIDENT: Mr Morlais Davles, Penparc. OFFICERS: Chalrman: Mr Mark Jukes, Cardigan General Secretary: Mrs Delyth Williams, Neuaddlwyd Uchaf, Ciliau Aeron, Lampeter and Mlss Angharad Davles, Bwthyn Y Wennol, 7 Clos Y Gvryddil, Ferwig. Treasurer: Mrs Margaret Morris, Penrallt, Llechryd, Cardigan. TRUSTEES: Mr E Edwards, Awel Y Frenni, Crymych; Mr LJones, Ty Gwyn, Ferwlg, Cardigan; Mr G Lewls, Frondeg, Ferwig, Cardlgan; Mr J J Williams, Harddfan, Ferwig Road, Cardigan; Mr W A J Evans, Rhostwrach, Brynberian, Crymych. ADVISERS Bankers: Barclays Bank plc, High Street, Cardigan. Accountsnts: D M B Davies, Broyan House, Priory Street, Cardigan, Ceredlglon, SA43 IBZ. Sollcitors: Messrs Geor8e Davies and Evans, Grosvenor Hill, Cardigan.
RDIGAN COUNTY AGRIC RAL HOW SOCIETY TRUSTEES. RESPONSIBILITY FOR THE ACCOUNTS Charity Law requires the trustees to prepare financial accounts for each financial year whlch give a true and fair view of the state of affairs of the charity and of its incomin8 resources and appllcation of resources for that period. In preparing those financial accounts the trustees are required to: select suitable accounting pollcies and apply them consistently; make Judgements and estimates that are reasonable and prudent; prepare the flnanclal accounts on the going concern basls unless It Is Snappropriate to presume that the charlty wlll contlnue in operation; to value assets and liabllltles In accordance with the Statement of Recommended Practice Accounting by Charities. The Trustees are responslble for keeplng proper accounting records whlch are sufflclent to show and explain the charity's transactions and to dlsclose with reasonable accuracy at any tlme the financlal position of the Society, and to enable them to ensure that any statements of account comply wlth the requirements of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detettion of fraud and other Irregularities.
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF CARDIGAN COUNTY AGRICULTU I report to the trustees on my examination of the accounts of the Cardigan County Agricultural Show Society for the period 01 January to 31 December 2024. Responsibllltles and basls of report As the charity trustees of the Trust you are responsible for the preparatlon of the accounts in accordance with the requirements of the Charltie5 Act 2011 {'the Act,). I report in respect of my examination of the Trust's accounts carrled out under section 145 of the 2011 Act and in carrying out my examlnatlon I have followed all the applicable Directions given by the Charlty Commission under section 145{5llb) of the Act. Independent examlnerfs ststement I have completed my examinatlon. I conflrm that no materlal matters have come to my attentlon In connection with the examination giving me cause to believe that in any materlal respect:_ l. accountlng records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, whSch is not a matter considered as part of an independent examlnatlon. I have no concerns and have come across no other matters in connection with the examlnatlon to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. D M B DAVIES LIMITED Accountants Broyan House Priory Street CARDIGAN Ceredigion SA43 IBZ DATE: ........................................
Cardl n Coun culiural Show Socie Statement of Flnanclal Artlvltles For the Period ljanua l December 2024 Notes General Funds 2024 2023 INCOME Donations and Subscrlptions Income from Agricultural Show Investment Income Other Income 2,165 61,178 62,357 6,346 132,046 2,165 61,178 62,357 6.346 132,046 2,654 27,204 49,710 2,116 81,684 Asset Management Fluctuation Gain 213,312 213.312 139.423 345,358 345,358 221,107 EXPENDITURE Management and Admlnlstratlon Dlrect Charitable Expendlture 30.635 82,082 112,717 30,635 82,082 112,717 20,070 42,657 62,727 Asset Management Fluctuation Loss 112,717 112,717 62,727 NET INCOMING RESERVES 232.641 232,641 158,380 Total Funds Brou8ht Forward 2,567,270 2,567,270 2,408,890 Total Funds Carried Forward 2,799,911 2,799,911 2,567,270
Cardi an Coun Itural Show Socie Balance Sheet At 31 December 2 24 2024 2024 2023 2023 FIXED ASSETS: Tangible assets Notes 12,559 14,775 CURRENT ASSErs: Investments Cash at Bank and in Hand Trade debtors 2,629,668 160,463 80 2,790,211 2,356,749 196,647 2,553,396 CREDITORS: Amounts falling due within one year 10 2,859 901 NEf CURRENT ASSETS: 2,787,352 2,552,495 TOTAL ASSETS LESS CURRENT LIABILITIES: 2,799,911 2,567,270 FUNDS 11 2,799,911 2,567,270 Approved by the Trustees on 13 . 07J . Ztszs and si8ned on their behalf by i*/ro< Trustee) The notes on pages 7 to 11 form an itegral part of these accounts.
Cardi an un ricultural Show Soci Notes to the Accounts r the Period 01 Jan l December 2024 I ACCOUNTING POLICIES Basls of Accountlng. These Accounts have been prepared on the basis of historic costs in accordance wlth Accounting and Reporting by Charities- Statement of Recommended Practlce {SORP), with Accounting Standards and wlth the Charities Act 2011. Income. Donations are accounted for when recelved by the Society. Other Income is accounted for on an accrual basis as far as it is prudent to do so. Gifts In Kind. The Charity recelves the benefit of work carried out by volunteers, and receives the use of some facilities and equipment without charge. No value is placed on these items. Where the beneflt extends over several periods, in whlch case they are valued and included in the Balance Sheet at a reasonable valuation. Depreclatlon of tangible assets is provlded at the following annual rates in order to wrSte off each asset over Its estimated useful Ilfe: Plant and Equipment 15% reducin8 balance 2 DONATIONS AND SUBSCRIPTIONS Donations and Subscriptions include subscriptions received from members as well as other donations. Special mention to donations recelved from: Presldent Mr & Mrs Morlais Davles £500 - Town Mayor Mlss Olwen Davies £50 Mr Gerallt Davies £150 3 INCOME FROM AGRICULTURAL SHOW 2024 2023 Trade Stands Gate Receipts Sponsorship and Advertising Entry Fees Field Rights and Concesslons Misc Income Craft and Food Hall/Hortlcultural Section Welsh Gov Grant 7,261 35,521 2,855 4,295 7,200 400 6,553 2,272 3,900 4,641 5,125 2,132 2,331 250 27,204 3,646 61,178
Cardl n Count A rlcultural Show Societ Notes to the Accounts For the Period 01 Janua l December 2024 4 INVESTMENT INCOME 2024 2023 Deposit Account HSBC Premier Discretionary Management Interest Dividends 2,750 2.054 74,638 77,388 15,031 62,357 62,846 64,900 15,190 49,710 Less Net Investment Income HSBC Charges 5 OTHER INCOME Show Dlnner Income YFC Evenln8 Event HSBC Interest refund Outstanding Cheques Written Back 2,200 4,146 2,116 6,346 2,116 6 MANAGEMENT AND ADMINISTRATION General Secretary- Honorarium Treasurer Honorarlum Horticulture Secretary Honorarium Cookery/Crafts Secretary Honorarium Donatlons Sundry Expenses.. Security- Field Bus Hire Accountants Fees Depreciation - Plant and Equlpment London Stock Exchange Identity Fee Meetin8 Room - Ladies, Committee 13,000 2,000 350 350 9,495 1,644 350 1,170 2,216 11,375 1,750 300 300 2,455 1,140 2,607 117 26 20,070 60 30,635
Cardi an Coun ricu Show Socie Notes to the Accounts For the Perlod 01 Janua to 31 December 2024 2024 2023 7 DIRECT CHARITABLE EXPENDITURE Prize Money & Floats Hlre of Tents (2 years) Refreshments Judges Expenses (includlng B&B) Public Add55 System Postage Printing, Stationery, Photography, Cups & Rosettes Advertlslng/Signs Scaffoldingnoilets Course Building Afflllatlon Fees Show Ambassadors Show Dinner Insurances Hire of Field Display Events Show Materlals/Signs etc & Field Expenses/Barriers Waste management Cookery & Crafts Ambulance Service Evening Entertainment YFC Catering Computer/Website Expenses Traffic Control Signs/Advlce Misc Show Expenses Flowers- Display/Floral Gifts Refunds Catering Sundry R&R 13,672 23,344 4,133 11,366} 1,326 2,800 227 289 316 6,665 914 4,007 1,365 2,160 465 357 465 660 2(Kl 100 1,834 3,000 2,325 1,652 3,000 800 10,248 300 355 210 71 2,340 1,360 346 5,319 1,322 1,100 371 2,201 247 448 19,174 186 1,150 2,011 730 82,082 42,657
10 Cardi an Coun Itural Show Socie Notes to the Accounts F r the Period 01 Janua to31De mber 2024 8 INVESTMENT- HSBC PREMIER DISCREfioNARY MANAGEMENT 31 December 2023 - Balance Brought Forward 2,356,749 Income Recelved: Interest Dividends 74,638 74,638 15.031 Less: Charges Net Income 59,607 2,416,356 Valuation at 31 December 2024 2,629,668 Fluctuation Galn/lLoss) at 31 December 2024 213,312 9 TANGIBLE FIXED ASSETS Plant and Total COST: At 31 December 2023 54,510 54,510 DEPRECIATION: At 31 December 2023 Charge for year @ 15% At 31 December 2024 39,735 2,216 41,951 39,735 2,216 41,951 NET BOOK VALUE: At 31 December 2024 12,559 12,559 At 31 December 2023 14,775 14,775
11 Cardl n Count A rlcultural Show Socle Notes to the Accoun For the Perlod 01 Januar to 31 December 2024 10 CREDITORS: Amounts Fallln Due Wlthln One Year 2024 2023 Trade creditors Accrued expenses 1,958 901 2,859 901 901 11 FUNDS GENERAL FUND £ 2024 2023 At 31 December 2023 Incoming Resource for the Year Outgoing Resources for the Year At 310ecember 2024 2,567,270 345,358 (112,717} 2,799,911 2,567,270 345,358 1112,7171 2,799,911 2,408,890 221,107 162,7271 2,567,270 Represented by: 2024 2023 Tangible Assets Net Current Assets 12,559 2,787,352 2,799,911 14,775 2,552,495 2,567,270 12 COMMITMENTS AND CONTINGENT LIABILITIES In the opinion of the Trustees, there are no commitments and Contingent Liabllities in exlstence at the year end.
un ri Breakdown of Ex enses- Period 01 Janua to 31 December 2024 Donations 2024 2023 Eglwyswrw YFC Penparc YFC Hermon YFC Cardigan RFC Hamper Aberporth Dog Agility St Dogmaels Sheepdog Society D WS11iams Victoria Thomas- Dreams Dance Tir Dewi RL & DL Davies Ysgol Cenarth WJG & DM Phillips RWAS Total donations 1,000 1,000 1,000 800 95 200 350 350 350 250 loo 200 80 75 200 200 300 100 3CK) 9,495 2,455