REGISTERED COMPANY NUMBER: 02949715 (England and Wales)

REGISTERED CHARITY NUMBER: 1045165

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Bakewell Agricultural & Horticultural

Society

Page

Reference and Administrative Details

1

Report of the Trustees

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

12

TRUSTEES

I T Else - Chairman

P E Lunn

L J Robbins

A Tipple

P J Clayton

J A Moorcroft

REGISTERED OFFICE

Bahs Society Office

Agricultural Business Centre

Agricultural Way

Bakewell

Derbyshire

DE45 1AH

REGISTERED COMPANY NUMBER

02949715 (England and Wales)

REGISTERED CHARITY NUMBER

1045165

INDEPENDENT EXAMINER

Hadfields Chartered Certified Accountants

Commerce House

658B Chatsworth Road

Chesterfield

Derbyshire

S40 3JZ

SOLICITORS

Taylor & Emmet LLP

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 31 December 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).

OBJECTIVES AND ACTIVITIES

Objectives and activities

Public benefit

- To promote improvement in the breeding and rearing of livestock

- The invention and improvement of agricultural and horticultural implements

- The encouragement of skill and industry in agriculture, horticulture and forestry.

Significant activities

The rental of freehold land

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.

Financial Instruments

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Objectives and Policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Credit Risk

The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Approved by order of the board of trustees on 22 May 2025 and signed on its behalf by:

I T Else - Chairman - Trustee

Independent examiner's report to the trustees of Bakewell Agricultural & Horticultural Society ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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

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.

C Farmer ACCA

Hadfields Chartered Certified Accountants

Commerce House

658B Chatsworth Road

Chesterfield

Derbyshire

S40 3JZ

22 May 2025

2024

2023

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,130

335

Charitable activities

Costs of generating voluntary income

79,461

61,468

Other trading activities

2

73,203

59,695

Investment income

3

84,872

57,888

Total

238,666

179,386

EXPENDITURE ON

Raising funds

4

83,976

73,579

Charitable activities

Costs of generating voluntary income

107,506

97,209

Total

191,482

170,788

NET INCOME

47,184

8,598

RECONCILIATION OF FUNDS

Total funds brought forward

429,192

420,594

TOTAL FUNDS CARRIED FORWARD

476,376

429,192

2024

2023

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

9

15,053

7,258

CURRENT ASSETS

Debtors

10

10,845

5,112

Cash at bank and in hand

479,597

442,281

490,442

447,393

CREDITORS

Amounts falling due within one year

11

(29,119

)

(25,459

)

NET CURRENT ASSETS

461,323

421,934

TOTAL ASSETS LESS CURRENT LIABILITIES

476,376

429,192

NET ASSETS

476,376

429,192

FUNDS

12

Unrestricted funds

476,376

429,192

TOTAL FUNDS

476,376

429,192

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 May 2025 and were signed on its behalf by:

I T Else - Chairman - Trustee

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Governance costs

These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including the independent examination, strategic management and trustees' meetings and reimbursed expenses.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	OTHER TRADING ACTIVITIES

2024

2023

£

£

Other income

2,299

300

Hire of showground

61,717

51,436

Dividend income

9,187

7,959

73,203

59,695

3.	INVESTMENT INCOME

2024

2023

£

£

Rental income

49,506

47,980

Interest on cash deposits

2,237

1,470

Curr asset inv income

33,129

8,438

84,872

57,888

4.	RAISING FUNDS

Raising donations and legacies

2024

2023

£

£

Support costs

83,976

70,409

5.	NET INCOME/(EXPENDITURE)

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

2024

2023

£

£

Depreciation - owned assets

3,302

1,906

Sundry show expenses

76,676

67,181

Other operating leases

10,125

10,125

Surplus/(deficit) on disposal of fixed assets

(1,638

)

3,170

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

7.	STAFF COSTS

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

2024

2023

Management

-

1

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

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

335

Charitable activities

Costs of generating voluntary income

61,468

Other trading activities

59,695

Investment income

57,888

Total

179,386

EXPENDITURE ON

Raising funds

73,579

Charitable activities

Costs of generating voluntary income

97,209

Total

170,788

NET INCOME

8,598

RECONCILIATION OF FUNDS

Total funds brought forward

420,594

TOTAL FUNDS CARRIED FORWARD

429,192

9.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

18,930

2,041

20,971

Additions

9,404

1,722

11,126

Disposals

(8,000

)

-

(8,000

)

At 31 December 2024

20,334

3,763

24,097

DEPRECIATION

At 1 January 2024

12,561

1,152

13,713

Charge for year

2,865

437

3,302

Eliminated on disposal

(7,971

)

-

(7,971

)

At 31 December 2024

7,455

1,589

9,044

NET BOOK VALUE

At 31 December 2024

12,879

2,174

15,053

At 31 December 2023

6,369

889

7,258

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,100

1,982

Prepayments

8,745

3,130

10,845

5,112

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,275

964

PAYE, NI and Pension contributions

1,430

1,159

VAT

307

2,270

Deferred income

14,686

14,828

Accrued expenses

7,421

6,238

29,119

25,459

12.	MOVEMENT IN FUNDS

Net

movement

At

At 1/1/24

in funds

31/12/24

£

£

£

Unrestricted funds

General fund

429,192

47,184

476,376

TOTAL FUNDS

429,192

47,184

476,376

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

238,666

(191,482

)

47,184

TOTAL FUNDS

238,666

(191,482

)

47,184

Comparatives for movement in funds

Net

movement

At

At 1/1/23

in funds

31/12/23

£

£

£

Unrestricted funds

General fund

420,594

8,598

429,192

TOTAL FUNDS

420,594

8,598

429,192

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

179,386

(170,788

)

8,598

TOTAL FUNDS

179,386

(170,788

)

8,598

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

Net

movement

At

At 1/1/23

in funds

31/12/24

£

£

£

Unrestricted funds

General fund

420,594

55,782

476,376

TOTAL FUNDS

420,594

55,782

476,376

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

418,052

(362,270

)

55,782

TOTAL FUNDS

418,052

(362,270

)

55,782

13.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.