Dalston Agricultural Society Reglstratk>n numb•r. 512445 Annual Report and Financlal Statements 31 December 2024 dOdd&co
Dalston Agrkuhural Soclety Contents Refence and Administrative Details Trustees. reFOrt Tvu8tee$' respon5iblths Ind&pendent eXanY$ r•Fy)rt Statemrrt offinantsal acbwtss Balance sheet Note5 to the finan¢i81 statements
D•hton AgrICulra1 Sod•ty Reforence and AdmSnlsirafjv¢ Detalls Charlty ChaTty rnolstrallon numb•r 512445 P+lnclpal olftce NFU Oftke Bute House Montgyjmery Way Rosehsll Estate CARUSLE CAI 2UU R•gl¥t•r•d offlce NFU Offic¢ B4rt9 H$& m7rnery Way RosehlH Estate CARLISLE CA12UU Tru>l•es OH8* C P Brough l Blan4re S A Jackson S•cYet•ry J RlchaTdson TT•asurnr S Kyle Aecountant ljodd & Co Limited FIEN Rosehll Mwery Way Ro6elull Estste CARLISLE CA12RW Page 1
Oal•ton Agri¢ultvrnl So¢fjety Tr51•5. Report forthe Year Ended 31 DKember 2Q24 The fina181 stalomeTrts have been prepar8d in ac(4)rdanr ilh tho pr4ve5 set notes th the Acccwnts and caryty wlh ts (aiiVs 9fftmYvJ documeTrL the Charibes 2011 8¢J Accounting 8nL5 R8portiNJ by Chants' StemEnt of RecI)mnded Practice ap• to ¢Jwihes preparirwJ they %¢tyJnts fn 8ccor¢ortce with the Firla1 RekWjt1g Standard oppIKaL4E the UK end RepuL ol Iretsnd. The twstses k¥e8eni Ih8 8Mu81 report 8rk1 11 unaudited ffinanry ststsments the ye81 eThded 31 De(xmber 2024. D81S1 Agricutturaj S(KWi5 an urwwporated and is est81IisW by ts &11bJfWjft datsd 28 jVary 1982. Itwas regi5terEd ilh Ihe Chariy c1xnmissK)n 6 1982 Imlh chity r¥umber 512445. Dalory is a charilab IncorpDraled Or98lli¥tK)n ICIOI e51¥tshed by 8n asS(xwtx)n L¥)ntstitutron datett T J8nuèry 2019 and registered tith Ihe Charty 14 Februory 2019 as 8 linked tharity tharity vmb•r512445-1. The CIO set up to take on IhE organwb¢)n and runr4ry of IhE annual SW. Datstrffi A9rigJttuol Sty0T% the Vilage Show Fd ¢S oul rts thatilobte purpc6e$ by alk)wry fv CIO to the Vilage Show FkY DolstDn Strrnv. The bo(d cl twslees frTh fv E¢rnhtet that 8drnnI5te thè 8$. New IrStee$ are by the (a)mmittee obCtIV•S and ac¥vHI ThE obJ8¢ts of ¢he ch8rths are tt IVCement of agriwtture lor the putthc bet by enroufwng improvements in bre6diThJ of stock. the MDTragni crf and in fv gÈernl promokn of ¥r by oryanisiry ènd presents.ry the wo81 lIJHur8l knw. In plning atTrrities lor the ye81. IrtJ5tees kept in mlnd Char>ty CA)mmissk)n's gLJary on public ben2fft at each truslaes. ryetrng. The v5tee5 aim to provHle an it51r00Th d Cumbrian AgrKutture, shUrY Bll f8m)iry methods and. in partir. tht fine aN8y ol li¥estock ptyjwed on ow farm5. Vvsilors are given an opportunty to experlence Ime in the county5m a$ they vl8w adryit aTht craft marquees. tojthr 0 WVJB i¥r¥J8 01 trade stsnds. Ircffl OnIaTr1 crf9an1sat to flts. and bu$ines5es ofleriry IhÈ gcods forsa. A¢hlÈv•m•nts and prfnan¢• Th& sh in 2024 w85 su¢xxssful 8nd gerwated • surplus of £20.354. sphl betweEn nel incoming t8sourc85 01 £15,217 for Dakion S# CIO nrf Inc¢)ming r8S0w 01 £5.137 lor DaLslon 4wJncuTefr Ck)siro sen5 01 D8tsion Shu CIO wwe £24,885 ai 31 DMb 2024 and Da&ton A9j$r81 Soryety hèd dOl¥d reserves 01 £83.185. free {eSer of £17.724 were hehl al thE ytsr erwj by Dalston Skny CIO and £63.209by D81slonP4riGuttural SW. Fln•n¢l•l r•vknv The vel CA res8rve& * thè yw 6ThJ w be notè 14 ** the a¢own15. The reSew& 8re ¢tIral ilDred by truslees lo eD5ure Ihey art adequale to wver Thè thartty holds r8swvos tg •1re future exwnseoblvJaimscan be rnet when Iheytsll due. rryard offuluie Apwtsved by the Tru5tee5 22 Odttt* 3)25 and onlhBirbthafW. CPBroL Trustee P•gE 2
Dalston P4rl¢ultural So¢lety Trustees. Responslbilrties In relatlon lo the FlnanGlal Statrments Th& trust•ès awe responsttjle for prepa1v the Twuslees. Report and tt financial statements in accordance wth opiCab law and United KIn AeeoLmWng Slandards. The law apFlble to CharES in Engtand and Wales requires th& tru5t•es to prepare finanual ststements for each financial ar which gfve a and fair vrew 01 tha state of affairs of ths ¢harity and ol ihe incoming resour¢¢s and applicatTr of resou of the ¢h8fity for that perKJ. In prep8rn9 tlwe finan81 ststements. the trust¢&s arè reqyired lo.. select suitable accounting pc4&5 aThl Ihen apF4y them o)nsist8nty. observe Ihe rnethods and princ li thè chare$ SORP.. make ludgements and estimatè5 that are rgasonable and pnKI $tate ether appliCae 8rm1n1ir starxlèrds have been loloEd. sulyecl to any departures disck)se¢l an($ explained in thè fmarfial statements; and prepare the ffinan(xal statements on the going COnM basis it is inappropriat• to presume that the charity c¢ntinue In business. The tru5tee5 are reSpsbIe for keepNy prwr 8ec(NJnb"ng rec( that disclosè reasonatle accuracy at any lim& the financial Fmisitson of lh8 tharity a¥MI enable them to er6we Ihat the financial ststements (xjmply th the Charities Act 2011 as arnended by the Chanties Aci 2022. the Chawity (Attounts and Re[rts) Regulations and Ihe provisions of the trust deed. Tlw a responsible for safeguarding the assets of IhÈ clHrSty and hence tak¢n9 reascmble steps lor the pre¥ent*)n and deledion of fraJ and other iffe9uL4rities.
Independent Examlnerfs Report to the Trustees of Dalston Agricultural Soclety I report on accounts of the drity lorthe year ended 31 DecemLr 2024. vthith are set oul on pages 5 to 13. YOUT attts"0n is lo dravm lo the tsd that the Charity h#$ prePad the finan81 statèmènts in accordance with Accounting and Reporting by Charits"es pparing Ihèir accounts in Jcwrdanct with the Financial Reprffting Standard apiCaN8 in the UK and Republic ol Ireland IFRS 1021 preference to the Ac(ountin9 8nd Rewrling by Ch8rities'. Stalernent of Remmended PraLce issued gn 1 Awl 2005 which referred to in tho extant regulations but has since been withdrawn. We understand that this has been thjne in order for the accounts to prode a true and tsiT vTrew in accordance with the GerrallY Accepted Accounting Practre effectwe for rertIng periods beginning on or after 1 January 2019. Respecliv• respon5ibiltts of trustees and examiner The Chanty's trusle8s are $)nSItye for the preparation of the accounts. The truslees con3Kler that an audit is not required for this year under sedKn 144121 of the Charities Atl 2011 as amended by the Charits Acl 2022 (the Act) and thal an indep8ndentexamn)ation 15 ne8dèd. 11 is my responsibility to.. eMIne the accounts uryjer seclKJn 145 ofthe Act.. lolbw the procedure$ laid in thè General DIrecn5 given by the Charity Cornmi55ion under sedon 145151 Ibl of the Act,. and state whethw particular malters have come to my attentit)n. Ba$ls of Indtyendent examinees report My examination YAS carried out in accon1ance wth the Genernl Direclions given by the Charity Commission. An examination includes a rewew of the accounling records kept by Ihe charity and a Lomparlson of the accounts presented wilh Ih05e records. 11 also indudes consKleration of any unusual ¥tems or disck*sure$ in the accnIS, and seeking explanations fr(Mn yw as Injslees Cming any such rn8ttets. The procedures underlaken do not prowde all Ihe eviden that would b8 reqvired in an audit and consequenlly no opinson is given as to whether the accounts present a Irue and fair vwj. and Ihè report is limbted to those matters set out tn the statement bebw. Indendent •xamlnerfs statem•nt In colln•ct with my exarninalion. rK) matter has comè lo my attention: 11) vthich gives me reasonabk cause to beIve that in any Materi respecl the wuirements." to keep accounting Tecords in accordance with Sect 130 of the Charilies Act 2011 as amènded by the Charrties Act 2022,. and to prepare ac4ounts which accord the arAxunting records. compty vrith Ihè accounting requiremenls ol the Act have not been mel: or {2} lo which, in my opinion. attenOn should be dravm in order to enablè a undetstanding of th& accounts to bg rèached. FIFfEEN Rosehlm Montg¢)mèry Way R05•hiM Estato CARLISLE CA1 2RW ne Thomlinson FCA & Co knmited harter8d Accountants 22 October 2025 Page 4
Dalston Agrfculiural SoGl•ty SLitemerrt of Flnanclal Activrties for the Year Ended 31 Decembgr 2024 Unrestrlthd Restrkted Total Fwids Total FuThls Funds Funds 2024 2023 Income and •Mlt)wm•nts from: Donations and 189ae Raksing funds Investment MK¥xne Charitab activllies Total income 1,201 3.602 1.823 75,993 82.619 3,167 3.603 1,224 57,750 3.602 75,993 Exp•ndliur• on: charitab acuvlties 1.489 60.776 i.776 62.265 0,170 Net movemwts funds 5.137 15217 20,354 5.574 Re¢on¢lliation of funds Total funds brought forward Total funds rIled loard 78.048 83.185 9,668 24,885 87.716 108,070 82,142 r#)tss on pages 7 to 13 fomi an Integr¥l part of th•se finan(yal statemwts. Page 5
Datslon A9rkuNyral Soc Balance Sheet as at 31 DKember 2024 2024 2023 Fixe<l wets T8ngible a$5ets io 27.137 21.949 Cury•Dt •ss•ts st¢c%s and work progr5 Debiof8 C•5h 111 bank 8Th1 In hand 1.335 811 86.303 88,449 1.335 464 70.800 72.599 Credltov8.' Amthml• falllng wlthln 12 17.5161 16.8321 N•t £uff•nt ass•ts 65.767 108.070 87.716 Th•luhd ol th• ¢h¥lty. R•stri¢i•d 24085 UDr•8trtct•d fuhd UnFestiicte(l iri)me fvnds 83.185 78,048 108.070 87,716 The nwl81 ststements hwe been svepar8d in t£nCe the Finarwl siarthrd appfx¥b irs th? VK and Irej (FRS IW2}. AppVed bythE Bowd Dn 22 OtlDber%Y25 arnj s¥Jned on it5 behawty. C P èfcugh Twslee The Trxes on pages 7 to 13fm i)tegr* W dthese finats1 5tenIs. P8ge 6
Datston Agrlcullural So¢loty Notes to the Flnanclal Ststements for the Year Ended 31 December 2024 A¢cwnllry poli¢Jgs st•t•m•nt of compllanc• The accounts lfinanck41 ststemantsl been txeparèd wthJ8r the hty)¢81 eost la¥01 with ilems recognised al cosl or transaction value unless otherwise slaled in the relevant notes to these ac¢ounts. T financial statements have been prepare(l in acCoan¢t ilh Ihe second edilh)n of the Chariti8s Staterllenl of Recommended Practice issued tn October 2019. the Financial Reporbng Standard applicable in the Uniie(I IWOM and Republicof IrelaThJ IFRS 102) aThJ the ChariliesAct 2011. The aAlunt3 lfin)aal stateffts1 have been prepared to give a 1rL and fairf yW and have dep8rt8 from the Carits"es {AcCnts and R&p)rls} Regulats"ons 2CQ8 onty to Ihe exienl requirod to provide a Iwe and faif wew. This departure has molved floWing Accwnting and Reporting by Charibes preparin9 their aco)unts sn accordance with the Finan¢ial RÈporting Standard applicabl• in the UK and Republic of Ireland IFRS 1021 rather Ihan the Acvxmting and Repotting by Charilw:Stat•menl of RecOMmdad PrM¢tie Basls of preparation The chartty meets the definilion of a publc benefit enlity wKler FRS 102. Assets and ItabiTrts are initrdmy recLyJnksed at histw(al ¢ost or transadion valve unless othewwise slaled in Ihe refevanl accounting policy G¢Ang nCern Thèse financial stslements hw b••n prepared on a aryng ts)ntm basis. Fund Kwintlng pollcy unrestrle income funds are gen8fdl funts that are for use at Ihe tfU5te' dL%cretion in lurtherarKe of Ihe objectives of the charity. Reslricted fvnds are those donated f(ff use in a particularayea cr for specffie purpose& the use of IB festricted lo that area or puw. Further detsils of eath luNI are 1Ss(ed in wb)te 14. Donations and legacies includlng don8bons and gilts is rec¥)gnised Wre thére Is entitlemenL prob8tMIty of reIpl and the amount can be rneasured wth sufficnt reliability. Incrne from Govemment and other ants. whether.pItal. grants or'revenue, grants. is rèeognwl when Ihe charty has entitMent lo the funds, any perfomance cgnditions attached to Ihe gfants have been met. il is probable that the income will be receNed and the amounl (an be measured relw and is not defeed. Invesfmenl income is recognised on a re¢Eivable basis. Income from charilsblè aCtiVe9 indude3 in9)me recognised as eamed las the rekite(I or seN¢es are prDwdedl under contract. abilths are reCgniSed as soon as there is a legal or constrLKtr Ola"0n committing thg d)arity to the expendituts. expenditu is anted for on an accrua15 and has beerE da5sih8d under headings Ihat aggwate 1 costs related to Ihe category. Charitat4e experKliturè comwlses those c4)sts irKuffed by the charity in delNery of ils athities and seThiees fcf it5 beneficiaries. It indLHles both costs that can be alocat&Y diTe¢ty to such aC*vitS and thos• costs of •n indirect nature neCeSry lo supportthem.
Dalston AgTlcullural Soclety Nole$ to the Flnanclal Slalements for thg Year End 31 December 2024 .. continued Support Costs Sigpport Costs include central fun¢tn$ and havg been alocated to aclfjwty cost categories on a basis consistent vhth the use ol resources, for example. a)catIng property costs by IIOOT areas. or per capTrts. staff costs by the time spvnt and costs by their usage. Flxed a$ts Individual fixed assels costing £100 or more are infilialty recorded at co. D•preclatlon DepreCiatn is provbjed on tangtble fix assets so as to writè ¢)ff cost or valuation. less any esfimatad residual value. over their expeded useful etonLYn lrfe as fc4kM: Land at Dalsion Not depreuated Showground fixtUS 10% reduang balance OffiGe equipment 25% reduarrtJ balarK8 Tfophies Not depreryated Cash and Cash Equlvalents Cash and cash equivalènts tomprise cash on hand and deposits. and other short-tem) highly liquid invgstrnents that a readily convertible to a knry•m amount of cash atvj arfr subject Io an insignificant risk of change wi val. Sto¢k stock is valued at the Icmer ol ¢ost and net realisable value. after due regard for obsolele and sbw m(wing stoeks. Net realIsab value is based on selling price less antiupated costs to completion and Selling costs. ttems donated for resale or dtsin"bution are inrjuded in the ffinanci81 stattrments until they are SO or dTrstributed. Don•Uon$ and le9acles Vnrestrlthd Restrict•d Total Funds Total Funds Funds Funds 2024 2023 Donations Subscfipti(S Life memberships 31 970 2(Kl 1.201 31 970 200 558 1,509 1.1 3.167 All of th8 (atIonS and legacies irKome in 2023 related to unrBSlrid fuThJs.
D•lston Agrfculiural Socl•ty Notes to the Flnancial Slatements for the Year Ended 31 Decemb•r 2024 Ralslng funds Unrestrkl•d RèJtrlct•d Total Fund• Tot•1 Funds Funts Funds 2024 2023 Rent ¥rae8v 3,602 3,603 AN olts othertradiro n(a)me n 2023 lated to Unrestrict furwJ& Inv•sbvnt Incoffl• Unrestrfcw Restrict Ttytl Funds Total Fund¥ Funds Funds 2024 2023 Cvrnberland accounts 1.823 1.823 1.224 All Investment incrmg in W23 related to Urw•sln"cStsjlj. Charllablo actl¥ltl•* Unr•strlthd Rèstrlcted Tolal Funds Total Funds Fund6 Funds 2024 2023 Dthion Show Spxwrshlp Bar tscilibes 17,994 17.994 12,807 2.500 430 6,176 27,933 6.039 1,865 Enty fees Gate aThJ catalogues Trade slanijs Drawing 6,700 39,697 7.282 1.820 6.7C4) 39.697 7.282 1.820
Dalston Agrfcultural Soclety Notes to the Flnancial Ststemenls for the Year Ended 31 LI¢Mber 2024 Exp•ndltur• Dalston Sh Total 2023 Totsl 2024 Dlre¢t costs Barriers. sknp hir8 and generalor Rosettes and badges Affiliation licensing Pre rrfjney Insurar Posts. straw and grass seeds Trophy cleaning and engraj Postage and lelephone Cornputer software and maintenance costs Printing and stat40 HI of tents and loos Hire of hall Hire of entertalnrrnl (Sh day} RelShments 5.367 2,196 6.367 2,198 6,290 1.479 120 6,971 1,973 146 350 1.534 1,800 3,909 15.414 75 3.456 1,581 1,800 7,310 471 2.500 407 25 502 58,113 7,241 3.027 7,241 3,027 521 1,571 2.385 3,698 14.647 216 4.8(KJ 1,475 1,5LM) 6.383 523 521 1,571 2.385 3.698 14,647 216 4.800 1.475 1,500 6.383 523 Sundry 8xptn5es setaria1 expenses Se¢retary'$ YMXa[1um Advertising Judges. expens86 DepreGi8tion of SIwwLM)d fLxiwes 476 150 652 61,346 476 652 61,346 Support costs Repairs and mainlenance t)onations Independent exanwnerfs fee Bank charges Depreciation of offte eqijipmenl 1,145 200 180 313 219 2,057 214 21)0 341 164 919 214 200 341 164 919 62.265 62.265 60.170 Of the expenditure in 2023 £3.597 reiat8d to urweslricted fuThJs and £56.573 related to restricled funds. Page 10
Dalston P4rkultural So¢l•ty Notgs to Ihe FInala1 Statements for the Year End•d 31 De¢embor 2024 2024 2023 Iwxkpendenl examinets fee NolnL8tee r8celv•d •ny rgm(mer•tkn crf exponseB duiirvJ the y. The wistered chawity exempt from laxatTh on ie and 981. 10 T•ngSbl• Ilx•d usets Inl•r•st In land and building• Flxturns. nclvding fttungs and herllage assèts) equipment Total AS at 1 January 2024 Addits)ns As 81 31 December 2024 16.216 9,940 26,156 6.004 16,216 D•pr•datlon As •t 1 January 2024 crye forthe year As al 31 Derknr 2024 4.207 816 5.023 4.207 816 N•t bty)k v4lug As at 31 Drnber 2024 AS al 31 Dec8mb8r 2023 16.216 16.216 10,921 5.733 27.137 21.949 11 1)•btorn 2024 2023 0th8r debtors 811 Page11
Dalston P4rkultural Soclety Notes to the Flnanclal Statements for the Y••r Ended 31 December 2024 12 Crndhors: Amounts falllng dye withln on• 2024 2023 Other creditors Aru31$ and deferred rme 7,016 6,332 500 7.516 13 R•lat•d partl•s Contrdllng entity The tharity Is ltrOled by the tsustees. R•lat•d party transactlons Tr*re We related party trans# that requwe dis¢lowre. 14 Anaty51s of fund At31 Dee•mbor 2024 At l Janu•ry 2024 GeneTrl Fund# Unrestri(aed irKom¢ fvnd 78.048 6,626 11.4891 83.185 Rejlrfcted Funds Dalslon Show CIO1512445-11 75.993 {60,7761 24.885 87.716 82.619 (62.2651 108,070 Restricted fvnds are IhÈ knnds of Dalston Show CIO Ik8 dty. Pagè 12
Dalston *4rfcultuMI Socknty otes to the Financial Statements for the Year Ended 31 December 2024 Prlor perlod At31 January 2023 2023 Ggner•l F¥nd• Unr•stri¢t•d inc(¥ne fund 73,651 13.597) 78,048 R•strlct•d Fund• Dabstr CIO151244&1) 8.491 82.142 57.750 65.744 156.5731 160.1701 9.668 87.716 15 Net a5ts by fund UDrestri¢ted Funds R•strict•d Funds Total Funds 2024 Total Funds 2023 Targible assets Current assets Creditors.. Amounts Mng duo vn one year 19.976 64.125 7.161 24.324 27.137 88,449 21,949 72.599 (9161 83.185 16.8001 24,885 17.516} 108.070 16.8321 87.716 Piyor rIOd Total Funds 2023 T¢)tsl Funds 2022 Funds Funds T8ngbi le assets Current assets Cre(IWors: Amounts falllng due ithin y$ar 20.441 58.323 1.508 14,276 (6.116) 9.668 21.949 72,599 {6.832) 22.595 63,079 13.$32) 82.142 (716} 78,CAB Pago 13