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REGISTERED COMPANY NUMBER: 05019969 (England and Wales)
REGISTERED CHARITY NUMBER: 1104640











Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 30th September 2024

for

The Great Eccleston and District
Agricultural Society Limited

The Great Eccleston and District
Agricultural Society Limited

Contents of the Financial Statements
for the Year Ended 30th September 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Statement of Financial Position 5

Notes to the Financial Statements 6 to 10

The Great Eccleston and District
Agricultural Society Limited (Registered number: 05019969)

Report of the Trustees
for the Year Ended 30th September 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th September 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

ACHIEVEMENT AND PERFORMANCE
Development, activities and achievements in this year
The 2024 show was very successful, attracting a high number of visitors and generating a profit. The profit has been reinvested by way of improving the show field.

The society made donations to various charities during the year. These included donations to local schools and organisations who volunteer their help at the show.

FINANCIAL REVIEW
Reserves policy
The present level of funding is adequate to support the show's future in the long term and the trustees consider the financial position of the charity to be very good. Donations will be made out of investment income to charitable causes.

Investment income will also be reinvested in the show, by way of being used to fund improvements to the show field and towards costs of running the show.

FUTURE PLANS
Infrastructure
The Trustees are continually improving and maintaining the infrastructure of the Show Ground to provide better all-weather access by upgrading and extending roads and tracks.

Land adjoining the show field will be purchased, which the trustees believe will help in improving the show in future years.

Content of Annual Show
The livestock sections are being constantly reviewed and expanded where appropriate.

Risk Review
Following an independent risk report, the Trustees resolved to take appropriate action on its recommendations. Progress in reducing risk to visitors and exhibitors is reviewed after each event and policies and procedures updated where necessary.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The operation of the company is governed by the Memorandum and Articles of Association.

The company's principal objectives, as set out in the Memorandum of Association are:-

- To promote rural industry and agriculture for the benefit of the public, to encourage skill and industry in agriculture and all trades, crafts and professions connected with agriculture through demonstrations and exhibitions of livestock, machinery, crafts, methods and processes connected with agriculture methods in the Fylde area of Lancashire.

- To promote such other charitable purposes as the Trustees of the charity shall think fit.

There were no changes in the period to the policies adopted by the company in order to further its objectives.

Appointment of new trustees
All directors of the company are also trustees of the charity, and there are no other trustees. All of the trustees named on page 1 served throughout the period. The board has the power to appoint additional trustees as it considers fit to do so.


The Great Eccleston and District
Agricultural Society Limited (Registered number: 05019969)

Report of the Trustees
for the Year Ended 30th September 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05019969 (England and Wales)

Registered Charity number
1104640

Registered office
Millstones
Strickens Lane
Barnacre
Preston
Lancashire
PR3 1UD

Trustees
Mr T E Redmayne Trustee (resigned 13/1/25)
Mr J Matthews Trustee (resigned 8/1/24)
Mr JA Greenhalgh Trustee
Mr R J Mason Trustee (resigned 8/1/24)
Mrs J A Eckersley Trustee (appointed 13/1/25) (resigned 8/1/24)
Mrs J A Eckersley Trustee (appointed 13/1/25) (resigned 8/1/24)
Mr H J Meadows Trustee (resigned 13/1/25)
Mr J Bracken Trustee
Miss S L Hewitt Trustee (appointed 8/1/24)
Mrs S E Fryars Trustee (appointed 8/1/24)
Mr J D Warren (appointed 13/1/25)

Company Secretary
Mrs JA Simpson

Independent Examiner
Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Bankers
The Royal Bank of Scotland
39 Poulton Street
Kirkham
Preston
PR4 2DP

Solicitors
Oglethorpe, Sturton and Gillibrand
16 Castle Park
Lancaster
LA1 1YG

Approved by order of the board of trustees on 13th January 2025 and signed on its behalf by:





Mr JA Greenhalgh - Trustee

Independent Examiner's Report to the Trustees of
The Great Eccleston and District
Agricultural Society Limited


Independent examiner's report to the trustees of The Great Eccleston and District Agricultural Society Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Mick Gornall

Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

13th January 2025

The Great Eccleston and District
Agricultural Society Limited

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 30th September 2024

2024 2023
Unrestricted Total
funds funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 7,993 7,922

Other trading activities 2 274,236 200,562
Investment income 3 47,082 31,391
Other income 403 340
Total 329,714 240,215

EXPENDITURE ON
Raising funds 254,200 258,025

Charitable activities
Agricultural Show 72,226 49,570

Other 19,962 68,771
Total 346,388 376,366

NET INCOME/(EXPENDITURE) (16,674 ) (136,151 )


RECONCILIATION OF FUNDS
Total funds brought forward 2,331,768 2,467,919

TOTAL FUNDS CARRIED FORWARD 2,315,094 2,331,768

The Great Eccleston and District
Agricultural Society Limited (Registered number: 05019969)

Statement of Financial Position
30th September 2024

2024 2023
Unrestricted Total
funds funds
Notes £    £   
FIXED ASSETS
Tangible assets 8 763,911 750,216

CURRENT ASSETS
Debtors 9 17,216 17,611
Cash at bank 1,559,396 1,583,859
1,576,612 1,601,470

CREDITORS
Amounts falling due within one year 10 (25,429 ) (19,918 )

NET CURRENT ASSETS 1,551,183 1,581,552

TOTAL ASSETS LESS CURRENT LIABILITIES 2,315,094 2,331,768

NET ASSETS 2,315,094 2,331,768
FUNDS 11
Unrestricted funds 2,315,094 2,331,768
TOTAL FUNDS 2,315,094 2,331,768

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 13th January 2025 and were signed on its behalf by:





Mr JA Greenhalgh - Trustee

The Great Eccleston and District
Agricultural Society Limited

Notes to the Financial Statements
for the Year Ended 30th September 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - 4% on cost
Computer equipment - 25% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Entry fees 16,952 18,901
Trade space 48,658 44,612
Admissions 192,021 121,858
Catalogues 124 388
Profit from bar 9,633 9,211
Advertising in catalogue 350 650
Food hall 4,075 2,475
Craft 2,423 2,467
274,236 200,562


The Great Eccleston and District
Agricultural Society Limited

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


3. INVESTMENT INCOME
2024 2023
£    £   
Rents received 13,005 4,608
NW tractor pullers 5,672 4,275
Deposit account and other interest 27,018 21,426
RPA receipt 1,387 1,082
47,082 31,391

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 41,523 22,756

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th September 2024 nor for the year ended 30th September 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30th September 2024 nor for the year ended 30th September 2023.


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Secretary 1 1
Treasurer 1 1
2 2

No employees received emoluments in excess of £60,000.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 7,922

Other trading activities 200,562
Investment income 31,391
Other income 340
Total 240,215

EXPENDITURE ON
Raising funds 258,025


The Great Eccleston and District
Agricultural Society Limited

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£   
Charitable activities
Agricultural Show 49,570

Other 68,771
Total 376,366

NET INCOME/(EXPENDITURE) (136,151 )


RECONCILIATION OF FUNDS
Total funds brought forward 2,467,919

TOTAL FUNDS CARRIED FORWARD 2,331,768

8. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1st October 2023 940,594 2,200 3,118 945,912
Additions 39,813 13,310 - 53,123
At 30th September 2024 980,407 15,510 3,118 999,035
DEPRECIATION
At 1st October 2023 190,587 330 2,684 193,601
Charge for year 39,138 2,277 108 41,523
At 30th September 2024 229,725 2,607 2,792 235,124
NET BOOK VALUE
At 30th September 2024 750,682 12,903 326 763,911
At 30th September 2023 750,007 1,870 434 752,311

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,664 13,595
VAT 1,473 4,016
Prepayments 1,079 -
17,216 17,611


The Great Eccleston and District
Agricultural Society Limited

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 25,429 19,918

11. MOVEMENT IN FUNDS
Net Transfers
At movement between At
1/10/23 in funds funds 30/9/24
£    £    £    £   
Unrestricted funds
General fund 2,331,768 (20,537 ) 3,863 2,315,094
Show Account - 3,863 (3,863 ) -
2,331,768 (16,674 ) - 2,315,094
TOTAL FUNDS 2,331,768 (16,674 ) - 2,315,094

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 47,485 (68,022 ) (20,537 )
Show Account 282,229 (278,366 ) 3,863
329,714 (346,388 ) (16,674 )
TOTAL FUNDS 329,714 (346,388 ) (16,674 )


Comparatives for movement in funds

Net Transfers
At movement between At
1/10/22 in funds funds 30/9/23
£    £    £    £   
Unrestricted funds
General fund 2,467,919 (15,206 ) (120,945 ) 2,331,768
Show Account - (120,945 ) 120,945 -
2,467,919 (136,151 ) - 2,331,768
TOTAL FUNDS 2,467,919 (136,151 ) - 2,331,768

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 31,732 (46,938 ) (15,206 )
Show Account 208,483 (329,428 ) (120,945 )
240,215 (376,366 ) (136,151 )
TOTAL FUNDS 240,215 (376,366 ) (136,151 )

The Great Eccleston and District
Agricultural Society Limited

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
At movement between At
1/10/22 in funds funds 30/9/24
£    £    £    £   
Unrestricted funds
General fund 2,467,919 (35,743 ) (117,082 ) 2,315,094
Show Account - (117,082 ) 117,082 -
2,467,919 (152,825 ) - 2,315,094
TOTAL FUNDS 2,467,919 (152,825 ) - 2,315,094

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 79,217 (114,960 ) (35,743 )
Show Account 490,712 (607,794 ) (117,082 )
569,929 (722,754 ) (152,825 )
TOTAL FUNDS 569,929 (722,754 ) (152,825 )

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30th September 2024.