**Upper Wharfedale Agricultural Society**
**Financial statements**
**for the year ended 31 December 2024**
**Charity number: 510273**
**Upper Wharfedale Agricultural Society**
## **Independent Examiners' report to the Trustees of Upper Wharfedale Agricultural Society**
I report on the accounts of the Charity for the year ended 31 December 2024 set out on pages 2 to 11.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiners' statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 the seeking of explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiners' statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records are kept in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met;
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **A J Dutton FCCA FMAAT**
## **Shepherd Partnership limited**
**Certified Accountants** Carleton Business Park Skipton
BD23 2DE
Page 1
## **Upper Wharfedale Agricultural Society Year ended 31 December 2023 Trustees' Report**
The trustees of Upper Wharfedale Agricultural Society present their report for the year ended 31 December 2024.
## **Significant information**
The Society is a registered charity, No. 510273.
## **Address**
PO Box 3, Grassington, Skipton, North Yorkshire, BD23 5UQ
**Trustees** Mr R J Lambert Mr C J Windle Chairman Mr T Larmour
A full list of the committee of management is attached.
**Secretary** Mrs A Eggleston
**Advisors** _**Bankers**_ Barclays Bank, 25 James Street, Harrogate.
## _**Independent Examiners**_
Shepherd Partnership Limited, Certified Accountants, Carleton Business Park, Skipton.
## **Objects**
The Charity was inaugurated in 1897. It's principal objects are to promote agriculture, and other kindred arts and industries, including the breeding and rearing of livestock being best suited to the district, and to hold an annual show for the exhibition of live stock, horticultural produce etc. The Charity is run by voluntary management, finance and sports committees. The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finance of the trust and are satisfied that systems are in place to mitigate our exposure to those risks. In accordance with the trust deed, the trustees have the power to make any investment which they see fit.
## **Review of progress and achievements**
The 2024 Show, although not blessed with the best weather was a successful day. Entries throughout were very strong, particularly in the cattle and sheep, with all other sections very well supported. A new junior flat race was introduced, which was well received and although the field did cut up due to the rain no lasting damage was caused.
The Society wishes to record its thanks to the members of the Management Committee, the Stewards and Judges for their time freely given. The Show could not take place without their dedication.
In late 2024 Planning Permission was obtained for a new Show storage building. The completion of this project will secure a more sustainable future for the Show and the Society.
By Order of The Trustees
A Eggleston, Secretary
Page 2
**Upper Wharfedale Agricultural Society Statement of Trustees' Responsibilities**
The trustees are responsible for preparing accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- to value assets and liabilities in accordance with the Statement of Recommended Practice: Accounting by Charities, and to state whether or not the accounts have been prepared in accordance with any applicable accounting standards and statements of recommended practice and to give particulars of any material departure from those standards and practises and the reasons for such departure;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time the financial position of the Society, and to enable them to ensure that any statements of account comply with the requirements of the Charity Reports and Accounts Regulations 2005. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3
## **Upper Wharfedale Agricultural Society Balance Sheet as at 31 December 2024**
|**Note**
**FIXED ASSETS**
2
**CURRENT ASSETS**
Cash balances and investments
3
325,961
Trade debtors
0
Prepayments
6,577
332,538
**CREDITORS**: Amounts falling
due within one year
Sundry creditors
1,440
1,440
**NET CURRENT ASSETS**
**NET ASSETS**
**GENERAL FUND -**
**UNRESTRICTED FUNDS**|**2024**
3,889
331,098
334,987
334,987|314,621
0
1,911
316,532
1,320
1,320|**2023**
5,829
315,212
321,041
321,041|
|---|---|---|---|
Page 4
## **Upper Wharfedale Agricultural Society Statement of Financial Activities for the year ended 31 December 2024**
|**Note**
**INCOME**
**Trading activities**
Showday income
4
158,726
Less: Showday expenses
5
149,603
**Other income**
Subscriptions collected
**Investment income**
6
**TOTAL INCOME**
**EXPENDITURE**
Donations
7
Other expenses
8
**Excess income**
**Total unrestricted funds b/fwd**
**Total unrestricted funds carried forward**|**2024**
9,123
25,214
7,761
42,098
4,500
23,652
28,152
13,946
321,041
334,987|177,841
144,823|**2023**
33,018
22,301
3,388
58,707
4,850
28,528
33,378
25,329
295,712
321,041|
|---|---|---|---|
Page 5
## **Upper Wharfedale Agricultural Society Notes to the accounts for the year ended 31 December 2024**
## 1 **Accounting policies** _**Basis of accounting**_
The financial statements have been prepared under the historical cost convention. The accounts are in accordance with applicable accounting standards, the Charities SORP 2005 (Accounting and Reporting by Charities) and comply with the Charities (Accounts and Reports) Regulations 2011 issued under the Charities Act 2011.
## _**Tangible fixed assets and depreciation**_
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Sheep hurdles 33.3% reducing balance Fixtures & fittings 33.3% reducing balance Barriers & fencing 33.3% reducing balance
## _**Turnover**_
Income from commercial activities is included in the period in which the charity is entitled to receipt.
Income from donations and grants is included in incoming resources when these are receivable.
Interest is included when receivable by the charity.
## _**Resources expended**_
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. All expenditure is directly attributable to specific activities and is included in those cost categories.
## _**Fund accounting**_
Funds held by the charity are either:
Unrectricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Designated funds - these are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Page 6
**Upper Wharfedale Agricultural Society Notes to the accounts (continued) for the year ended 31 December 2024**
|**2**
**Fixed Assets**
Lease of showground - cost
Less: Amortised to date
Barn extension - cost
Piping for toilets - cost
Less: Depreciation
Sheep hurdles - cost
Less: Depreciation
Showfield - new road
Plastic track mats -cost
Less: Depreciation
Fixtures & fittings - cost
Less: Depreciation
Barriers & fencing - cost
Less: Depreciation
Water Troughs - cost
Less: Depreciation
Crowd Control Hurdles - cost
Less: Depreciation|5,162
(5,161)
901
428
(1,328)
6,380
(6,007)
4,035
3,600
(6,566)
200
(199)
9,679
(8,837)
522
(520)
10,274
(8,674)|**2024**
1
1
373
1,069
1
842
2
1,600
3,889|5,162
(5,161)
901
428
(1,328)
6,380
(5,821)
4,035
3,600
(6,033)
200
(199)
9,679
(8,416)
522
(519)
10,274
(7,875)|**2023**
1
1
559
1,602
1
1,263
3
2,399
5,829|
|---|---|---|---|---|
Page 7
**Upper Wharfedale Agricultural Society Notes to the accounts (continued) for the year ended 31 December 2024**
|**3**
**Cash balances and investments**
Barclays Bank plc:
Current account
Skipton Building Society:
Community Saver Instant Access Account
90 Day Savings Account
3 Year Fixed Bond - 2024
3 Year Fixed Bond - 2025
3Year Fixed Bond - 2026
Cash in hand
**4**
**Showday income**
Admissions to showground
Catalogues and sportscards
Advertisements in catalogues
Trade stands in showground
Bookmakers
Entry fees
Ice cream rights
Bar commission
Sponsorship
Donations received (note 9)|**2024**
58,892
41,594
78,742
26,839
43,133
76,761
-
325,961
79,847
0
864
36,735
420
4,144
4,200
2,233
26,563
3,720
158,726|**2023**
55,304
40,764
75,951
26,666
42,226
73,702
8
314,621
102,742
1,370
396
39,775
420
4,437
4,200
4,351
15,662
4,488
177,841|
|---|---|---|
Page 8
**Upper Wharfedale Agricultural Society Notes to the accounts (continued) for the year ended 31 December 2024**
|**5**
**Showday expenses**
Prize money - show
- sports
Rent - showground
Hire charges - marquees, tents & toilets
- loud speaker equipment
- jumps & timers
Sundry labour / gatekeepers costs
Judges & stewards
Security
Straw for ground
Advertising
Catering
Affiliation fees
Repairs and renewals
Insurance
Printing, stationery & badges
Health & safety
Sundries & postage
General & water rates
Show day expenses
Show day entertainment
**6**
**Investment income**
Community Saver Instant Access Account
90 Day Savings Account
3 Year Fixed Bond - 2024
1 Year Fixed Bond - 2025
3 Year Fixed Bond - 2025
3Year Fixed Bond - 2026|**2024**
16,128
6,225
7,500
37,981
9,241
540
4,990
150
2,840
299
3,604
18,197
48
150
3,242
8,942
4,566
2,531
115
16,437
5,877
149,603
830
2,791
0
173
908
3,059
7,761|**2023**
13,612
5,650
7,500
44,084
10,071
540
9,625
283
2,964
390
1,550
18,750
297
0
3,012
7,889
3,960
1,248
(1,780)
11,918
3,260
144,823
198
1,520
172
0
913
585
3,388|
|---|---|---|
Page 9
## **Upper Wharfedale Agricultural Society Notes to the accounts (continued) for the year ended 31 December 2024**
|**7**
**Donations**
Yorkshire Air Ambulance
Fell Rescue Association
Summerbridge & Dacre Silver Band
Addington Fund
Prostate Cancer
Farm Safety Foundation
**8**
**Other expenses**
Depreciation
Chairman's expenses
Treasurer's expenses
Trade stand management
Accountancy
Office rent
Telephone
Secretary's expenses
Card/online processing
VAT payable/(repayable) HM Customs|**2024**
2,000
2,000
0
0
250
250
4,500
1,939
200
250
1,000
1,500
960
119
6,706
6,486
4,492
23,652|**2023**
2,000
2,000
350
500
0
0
4,850
2,908
200
250
1,000
1,400
960
864
5,500
8,437
7,009
28,528|
|---|---|---|
Page 10
**Upper Wharfedale Agricultural Society Notes to the accounts (continued) for the year ended 31 December 2024**
|**9**
**Donations received**
David Hood
Others|**2024**
3,500
220
3,720|**2023**
3,500
988
4,488|
|---|---|---|
Page 11