CARDIGAN COUNTY AGRICULTURAL SHOW SOCIErY ANNUAL REPORT AND ACCOUNTS FOR THE PERIOD 01 JANUARY TO 31 DECEMBER 2025 CHARITY COMMISSION REFERENCE NUMBER 509960 O M B DAVIES UMITED ACCOUNTANTS
CARDIGAN COUNTY AGRICULTURAL SHOW soaETY CONTENTS PAGE Trustees Report Sl8nlflcant Information Trustees, Responslbllity forthe Accounts Independent Examinerfs Report to the Trustees Statement of Flnanclal Activltles Balance Sheet 7-11 Notes to the Accounts
RDIGAN COUltrY AGRICULTURAL SHOW TRUSTEES. REPORT The Trustees present their report and the Accounts for the pewiod 01 January to 31 December 2025. Develo ents Actlvftl•$ and Achlevements durin the 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, organisers of the Cookery. Craft and Horticulture competitions. The Trustees also appreciate the loan of machinery ond equipment from Show Committee Members and the local farmirE community. Finan¢lal Actlvltles and Affalrs The Trustees are satisfied with the Financial Re5uIt5 for the period 01 January to 31 December 2025. A surplus of £248,147 was shown for the year. This was made up of £48.480 from investment income, £6.503 from other income. and a flurtuation gain of £224,396 in respect of the investments made with HSBC Premier DiscretSonary Management Portfollo. Annual expenditure had maIned under control and It is prowsed to keep costs to a minimum for the immediate future. Approved by the Trustees on and signed on their behalf by: ..ISECRETARY/DIREcfoRI............... (SIGNATURE} INAMEI
CHARITY COMMISSION REFEREN E NUMBER: 509960 CARDIGAN COUNTY A RIC LT SHOW SOCI SIGNIFICANT INFORMATION The hssociation was establlshed under a Trust Deed dated 6 Marth 1980 in order to promote and advance for the benefit of the public, a8r1¢ultu, horticulture and forestry and to promote the Improvement of livestock. and the prevention aThJ eradication of diseases in anima15 useful to marb and in particular in the area of Cardigan and District. PRESIDENT: Mr JJ Williams, Harddfrdll, Ferwig Rd, Cardlgan OFHCERS: Chalrrnan: Mr Mark Jukes, Cardigan General Secretary: Mlss Eleri James and Miss Angharad Davies, Bvrthyn Y Wennol, 7 Clos Y Gwrfddil, Ferwig. Treasurer: Mr Phillip John TrUSTEES: Mr E Edwards. Awel Y Frenni. Crymych; Mr LJone5, Ty Gvryn. Ferwi& Cardigan; Mr G Lewis. Fronde& Ferwi& Cardigan: Mr J J Willlams, Harddfan, Ferwi8 Road, Cardigan; Mr W A J Evans. Rhostwrach, Brynberian, Crymych. ADVISERS Bankers: 8arclays Bank plo High Street. Cardigan. Accountants: D M B Davie5. Broyan House, Priory Street, Cardi8an, Ceredi8ion, SA43 IBZ. Solicit(H5: Messrs George Davies and Evans, Grosvenor Hill. Cardigan.
CARDIGAN COUNTY AGRICULTURAL SHOW SOCIETY TRUSTEES. RESPONSIBIUTY FOR THE ACCOUNTS Charity Law requires the trustees to prepare financial accounts for each financial year which Eive a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources forthat period. In PparIng those financial accounts the trustees are required to-. select Suitable accounting policies and apply them conslstently; make judgements and estimates that are reasonable and prudent; prepare the financial accounts on the going concern basis unle55 It is inappropriate to presume that the ¢harity will continue in operatlon: to value assets and liabilities in accordance with the Stalement of Recommended Practice Accounting by Charitles. The Trustees are responsible for keeping proper accounting records which are sufficient to Show and explain the charitys transartions to disclose with reasonable accuracy at any time the financial position of the Society, and to enable them to ensure that any ststements of account comply with the requirements of the Charities Act 2011. They are also responsible for safeguardlng the assets of the charity and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARDIGAN COUNTY AGRICULTURAL SHOW SOCI l report to the trustees on my examination of the accounts of the Cardigan County Agricultural Show Society for the perlod 01 January to 31 December 2025. Responslbllltles and basls of report As the charity trustees of the Trust you are responslble for the preparation of the accounts in ccordance with the requirements of the Charities Art 20111.the Act'l. l port in respert of my examlnatlon of the Trusvs accounts carrled out under section 145 of the 2011 Art and in carrying out my examination I have followed all the applicable Directions given by the Charity Commlsslon under sectlon 14515llbl of the Act. Independent examlnerfs ststement I have completed my examination. I confirm that no material matters have come to my attentlon in connection with the examinotion giving me cause to believe that in any material respect:_ l. accounting records were not kept in respert of ihe 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) Re84Jlations 2008 other than any requirement thal the accounts give a 'true and fair view, which is not a rnatter considered as part of an independent examination. I have no concern5 and have come across no other matters in connectlon wlth the examlnatlon to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. D M B DAVIES LIMITED Accountants 8royan House Priory stet CARDIGAN Ceredigion SA43 IBZ DATE: ..........,.....................................
Cardi n Coun Ststemèntof Flnanclal Artivitres Forthè Period 01 Janua to 31 Decernbe Notes General 2025 INCOME Donations and Subscription5 Income from Agritultural Show Investment Income her Income 2,210 66.812 48,480 6,503 124.005 2,210 66,812 48,480 6.503 124,(t15 1165 61.178 62J57 6346 132,046 Asset Management Fluctuation Gain 224,396 224,396 213.312 34&4fNJ 348,4 345,358 EXPENDITURE Management and Administration Direct Charitable Expenditure 34,831 65,423 100.254 34,831 65,423 l(Q.254 30.635 82.082 112.717 Asset Management Flurtuation Loss 100,254 l(Q.254 112.717 NET INCOMING RESERVES 248,147 248,147 232.641 Total Funds Brou8ht Forward 2,799,911 2.799.911 2,567,270 Total Funds CarrSed Foard 3,048,058 3,048,058 2,799.911
Cardi n Coun ricultural Show Socie Balance Sheet As At 51 December 2025 2025 2025 2024 2024 FIXED ASSErs: Tangible assets Notes 32,019 12.559 CURRENT ASSETS: Investments Cash at Bank and in Hand Trade debtor5 4CG Loan 2,),790 106,650 2,629,668 160.463 10,000 3,017,440 2.790,211 CREDITORS: Amounts falling due within one year io 1,401 2.859 NET CURRENT ASSErs: 3,016,039 2,787,352 TOTAL ASSETS LESS CURRENT LIABILITIES: 3.048,058 2,799,911 FUNDS li 3,048,058 2,799,911 Approved by the Trustees on and signed on their behalf by Trusteel The notes on pages 7 to 11 form an itegral part of these accounts.
Cardl nco how Sotit Note5 to the Aecounts Forthe Ptriod 01 Janu to 31 December 202S l Accoui¥llNG POLiaES Bas15 of A¢¢oyntlnz. These Ac(ounts have been PTepared on thè basis of hisiorlc cosis in accordance with kcounting and Reporting by Charilies- Statement of Recommended PrtIce ISORPI, with Accounting Standards and with the Charities Act 2011. Income. DonatSons are accounted for when re1ved bythe SDciety. Other Income is accounted for on an accrual basis as far as it is prudent to do so. Gllts in Klnd. The Charity reteives the benefit of work carried out by volunteers, and receives the use of some facilities and equlpment without charge. No valye is placed on these items. whe the benefit extends overseveral periods, in which case they are valued and iThcluded in the Balance Sheet at a reasonable valuation. DepreCiatTr of tanglble assets is provlded at ihe followSn8 annual rates In orderto wrste off each asset over estimated useful life.- Plani and Equlpment Compuler Equipment 15% reduting balance 15% reducSng balance 2 DONATIONS AND SUBSCRIPTIONS DOnatIS and Subscriptions include subscriptions received from members as well as other donations. Speclal mention to donations received from- - MrTony Hack £100 - Town Mayor Mlss Olwen Davles £50 Mrjj Williams £500 -A T Edwards £50 MrGerallt Davies £150 3 INCOME FROM AGRICULTURALSHOW 2025 2024 Trzde Stènd5 Gate Recwpts Sponsorship and AdverttsSn8 Entry Fees Field Rights and ConcessSons Misc Incorne Craft and Food Hall/Honlcultur81 Sertion Welsh Gov Grant 8.325 42,727 3,273 4023 4,020 34 7,261 35,521 2,855 4.295 7,200 400 3,646 3,610 66.812 61,178
n Coun icu I Show Socie Notes to the Accounts Peri er 4 INVESTMENT INCOME 2025 Z024 Barclays Deposit Account Interest HSBC Premier Discretionary Management Interest Dividends 1,754 2.750 62.945 64,699 16,219 48.480 74,638 77,388 15,031 62,357 Le55 Net Investment Income HSBC Char8es 5 OTHER INCOME Show Dinner Income YFC Evening Event HSBC Interest refund Outstandin8 Cheques Written Back 1,625 4,878 2.200 4.146 6,503 6,346 6 MANAGEMENT AND ADMINisfRATION General Secretary- Honorarium Treasurer Honorarium Hortitulture Secretary Honorarium Cookery/Crafts Secretary Honorarium Donations Sundry Expenses: Security- Field Bus Hire Accountants Fees Depreciation- Plant and Equipment London Stock Exchange Identity Fee Meeting Room - Ladies. Committee 13,500 3,tK)O 350 350 8,520 1,686 410 1,200 5,650 117 13,OC(J 2,OC4) 350 350 9,495 1,644 350 1,170 2,216 48 34,831 60 30.635
Cardl an Coun ricultural Show Socie Note5 to the Accounts For the Perlod 01 Janua to 31 December 20Z5 2025 2024 7 DIRECT CHARITABLE EXPENDITURE Prize Money & Float5 Hire of Tents Judges Expense5 lincluding B&BI Public Address System Postage Printin& Statlonery. Photography. Cup5 & Rosettes Advertislng/Signs Scaffolding/Toilets Course Building Affiliatlon Fees Show Ambassadors Show Dinner Insuran5 Hire of Field Dlsplay Events l Entertainment Show Materials/Signs elc & Field Expen5es/Barriers Waste management Cookery & Craft5 Ambulance Service Evening Entertainment YFC Catering Computer/Website Expenses Traffic Control Signs/Advice Misc Show Expenses Refunds Catering Sundry Legal / Consultancy 22,096 11,640 1.491 2.800 248 5.9)3 810 2.076 475 824 13,672 23,344 1,326 2.800 227 4,007 1.365 2.160 465 357 1.850 1.616 2,325 1,652 3,C(JO 800 10.248 300 930 1,837 2,408 1,060 456 1,369 1.036 2.340 1.360 346 5,319 1,322 572 186 1,150 2,011 426 500 65,423 82,082
io Cardl an Coun rlcultural Show Socle Notes to the Accounts For the Period 01 Janua to 31 December 2025 8 INVESTMENT- HSBC PREMIER DISCRETIONARY MANAGEMENT 31 Dember 2024- Balance Brought Forward 2.629.668 Income Received: Interest Dividends 62.945 62,945 16,219 Less: Charges Net Income 46,726 2,676,394 Valuation at 31 December 2025 2.900.790 Fluctuation Gain/lLossl at 31 December 2025 224.396 9 TANGIBLE FIXED ASSETS Plant and Com ui Total COST: At 31 December 2024 Additions 54,510 23,756 78,266 54.510 25.110 79,620 1.354 1.354 DEPRECIATION: At 31 December 2024 Charge for year @ 15% At 31 December 2025 41,951 5,447 47,398 41,951 5,650 47,601 203 203 BOOK VALUE: At 31 December 2025 30,868 1,151 32,019 At 31 December 2024 12,559 12,559
li rdl n Coun ic Itural Notes to the Attounts For th• Perlod 01 J to 31 DecembÈr 2025 10 CREDrroRS: Amounts Fallln Due Wlthln One Year 2025 2024 Trade creditors Accrued expenses 500 901 1,401 1,958 901 2,859 11 FUNDS GENERAL FUND£ 2025 2024 At 31 Decernber 2024 Incoming Resource for the Year Outgoing Resources for the Year At 31 December 2025 2,799.911 348,400 1100,2541 3,048.058 2,799.911 348,400 1100,2541 3,048,058 2,567,270 345,358 1112,7171 2,799.911 Represented by- 2025 2024 Tangible Assets Net Current Assets 32,019 3,016,039 3,048,058 12,559 2,787,352 2,799.911 12 COMMITMENTS AND CONTINGENT UABIUTIES In the opinion of the Trustees, there are no commitments and Contingent Liabillties in existence at the year end.
Caidl an Coun A rlcujtural Show Socie Breakdown of Ex nses- P*riod 01 Janua to 31 December 2025 t)onations 2025 2024 Eglwyswrw YFC Penparc YFC Hermon YFC Penparc & Ceredlglon YFCS Cardigan RFC Hamper Aberporth Dog Agility St Do8maels Sheepdo8 Society D Williams Victoria Thomas- Dreams Dance Tlr Dewi Ysgol Cenarth RWAS SE Jones 1.000 1,000 1,000 i.OLKJ 5,000 800 100 200 95 200 2(M) 200 2CKI 5,OQKI 220 Total donations 8,520 9,495
CarrfS loi 201Y ShDwthcorne 53.462 42,726 43.420 56.893 53,063 3231 5,251 51,943 29.858 61.178 6612 ExpEndliU n.225 74.636 72A67 85.212 89.lf 20.63 22,886 89,898 62.727 L12.?17 ICO,2S4 PrvfifllLossl -20,704 -19.763 .3L910 -29.047 -28J19 -17A07 -1735 -37,955 -31869 -51,S39 -33.443 OtherDrt41 vestmentlnton Investrnentflthjtions 40.793 36925 50,752 36285 4L72Z 36,248 26J67 23A91 19.710 61357 48A -2,107 174,316 110212 -70,223 173539- 93385 257,226 126,574 139.423 21Y.312 224,396 4.910 28 4,105 I3 2,595 40D 2122 Sponsotshlplad¥*tU5inz IncomE 39 2855 3273