Armagh County Agricultural Show Society Trustees report for the year ended 31 Decen'iber 2024 The Trustees, who are also dirpctor5 for the purposes of company lalv. present their report along with the financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordan with the accounting policies sel out on page10. ConsUtution Armagh County Agricultural Show Society is an incorporated body and is a recognised charity by HM Revenue and Customs. Amiagh County Agricultural Show Scciety was regislered as a charity by the Charity Commission Northem Ireland on 14 June 2003 under number104972. Organlsalion The Trustees who have served during the year are detsiled out on page 3. Who are Amiagh County Agrlcultural Show Society The Show Committee has the power to have and exercrse general supervision and control over the affairs of the Society. The propety, funds and securities of the ScKiety are vested in Committee to be utilised in the purpose of fulfilling the charitable objectives of the Society. The Society's charitatAe objeclives are: The promotion of agriculture in Northem Ireland by holding an annual agricultural show, and by delivering agricultural instruclion through exhibitions, lectures. and other such means as may from time to time be found expedienL The promotion of industrtes, arL sciences, and literature. These have always been treated as minor in relation to the main objective of promoting agriculture. The Society seeks to achieve rts objectives through: The delivery of the annual agricultural slTh which seeks to:_ o Contribute to the enhancement of pth)lic awarenes5 and understanding of the Province's agri-food secbr. Promote gcwJd famiro pract[S and development'of the skills and crafts needed lo enhance the sector. Encourage the adVaernent of breedi rearing of livestock (including horses and poulty). Presentation of awards to those engaged in agriculture. Working in pathership wth other bodies lo assist in the pytion of the sector. The promotion of the arts through maintaining facilities aTrJ ServIS to enable the venue to cost a range of cultural events. Furthemore, the lety is enga in: Making its facilities and resources available for ulilisation by, other charitable bodies. The Slrategy of the Society is as follo Ensure the objectNe as detsiled are delivered. Ensure that the assets, invesbnents. and funds of the Society are prudently managed. Utilise the assets, investments, and funds of the Society to put in place sustainable enabling finan streams.
Armagh County Agricultural Show Society Statement of Public Benefit The Trustees believe that both our purposes and the activities undertaken in this last financial year clearly satisfy elements of the public benefit requirement. The committee considers that these objectives, activities, and goals have a clear public benefit in enhancing the social, economic, and cultural well-bring of rural communities. The public benefits include.. Improving standards of livestock and agricultural pr&tices within the agricultural sector in Northern Ireland in particular, and teyond. Preserving and maintaining high standards and skill levels within the agricultural sector in Northem Ireland, and beyond. Developing and preserving rural crafts and craftsmanship necessary to enhance the agricultural sector in the Province. Ensuring that rural traditions and skills are passed down through successive generations of the agricultural community. Improving the welfare of agricultural animals through the recognition of high standards of agricultural husbandry throughout the Province and beyond. Enhancing the general public's knowledge and understanding of the Province's agri-fc()d sector. Achievements and Performance Amiagh County Show is one ofthe longest-running shows in Ireland with a report of a show being held in the Cty of Amiagh as far back as 1829. The agriculture, local food, and rural life elements of our Show continue to be the driving force behind our organisation. However, we make sure every effort is made to cater for all tastes and interests of the thousands of visitors that attend the event each year and the programme is constantly updated to reflect and respond to those interests. Financial Review During the year ended 31 Dember 2024, the charity received total income of£192,273 and had total expenditure of £137,450, yielding a surplus of £54,823. Movements in tangible assels during the year are shown in the Notes to the Financial Statements. Risk Management The Trustees have examined the major strategic, business and operational risks which the charsty faces and confimi thal systems have been established to enable regular reports to be produced so that the necessary steps can be taken to reduce these risks. By order of the Trustees 5 3 25 Trustee Date
Armagh County Agricultural Show Society Statement of Trustees, Responsibilities The TrUStS are resFonsible for preparirvJ the Trustees. Annual Report and the Finartial Statements in accordance with the applicable law and United Kingdom Accounting Stsndards. The law applicable to charities in Northem Ireland requires the trustees to prepare financial statements for each financial year. Under that law the trustees have prepared the financial statements in accordance with Generally Accepted Accounting Practs. in the United Kingdom (accounting standards issued by the Financial Reporting Council in the UK, including Charities SORP (FRS 102). Accounting and Reporting by Charit'es: Statements of Recommended pte applioble to Chatities preparing their &counts in rdan with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland l-RS102) and promulgated by the Institute of Chartered Accountants in the United Kingdom and United Kingdom Law). Under that law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair VEW of the state of the affairs of the charity and of the statement of financial activits'es of the charity for that Feric4J. In preparing these financial statements, the trustees are required to: select Suitab accounting policies and then apply t1 consi>tently', observe the methods and principles in the Charities SORP., make judgements and ests'mates that a reasonable and prudent., state whether the application of accounting standards have been followed. subjeyt to any material departures disclosed and explained the Financial Statements., prepare the Financial Statements on the going conrn ba&s unless it is inappropriate to presume that the charity will continue in business. The trustees are resnsIble for keeping proper accounting records 'Nhich disclose with reasonable accuracy at any 'me the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006, Ihe Charities Act (Northem Ireland) 2CNJ8 and the Charity {AccLJunts and Reports) Regulations (Northem Ireland} 2008. They a also SnSIble for safeguarding the assets of the charity and hence for taking reasonable steps for the pvention and detection of fraud a1 other iwularities. The trustees are restKinsible for the Maintenan and integnty of the corporate and financial infomation iluded on the charity's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Statement as to disclosure to our independent examiner In so far as the trustees are aware at the timiro of approving our trustees, annual reFQrt'. there is no relevant infonnab'on of which Ihe charitable company's independent examiner is unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant informakn'on and to establish that the company's independert examiner is aware of that infomiation. Independent Examiner A resoluts'on to r&appoint the independent examiner, Noel Conn & Company, will be propjsed at the annual general meeting. By order of the Trustees 32 Twstee Date