Charity registration number 1120744
Company registration number 06194411 (England and Wales)
STANHOPE AGRICULTURAL SOCIETY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
STANHOPE AGRICULTURAL SOCIETY LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs C M Akrigg
Mr A W Hutchinson
Mr R Mews
Mr I Ross
Mrs D Wright
(Appointed 25 February 2026)
Secretary
Ms L Johnstone
Charity number
1120744
Company number
06194411
Registered office
Virginia House
5 North Terrace
Gainford
Darlington
DL2 3EE
Independent examiner
John Yarrow FCA
Allen Sykes Audit Limited
5 Henson Close
South Church Enterprise Park
Bishop Auckland
Co Durham
DL14 6WA
STANHOPE AGRICULTURAL SOCIETY LIMITED
CONTENTS
Page
Trustees' report
1 - 4
Independent examiner's report
5
Statement of financial activities
6
Statement of financial position
7
Notes to the financial statements
8 - 14
STANHOPE AGRICULTURAL SOCIETY LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 30 November 2025.

The financial statements have been prepared in accordance with the accounting policies set out in the note s to the financial statements and comply with the Companies Act 2006 and "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

The charitable objective of the Association is to promote and improve agriculture for the benefit of the public by the improvement of livestock and the demonstration, exhibition and showing of livestock, machinery, crafts, products, methods and processes connected with agriculture and agricultural education.

The trustees have had due regard to guidance published by the Charity Commission on public benefit. In planning our activities we seek to provide benefit to the public, without prejudice, by our principal activities of improving the standards of farming and farm craft for the farmers residing within the area and encouraging and supporting activities organised by local community groups operating in Stanhope and the surrounding area.

Achievements and performance

Planning for the 183 rd Stanhope Show went smoothly and after the long dry Summer we hoped for good weather. The forecast was reasonable although cold with Saturday being the better of the two days. The rain barely materialized but the forecast did, we feel, adversely affect the gate on Sunday. Visitor numbers on Saturday were good with Sunday slightly lower.

Field and venue booking throughout the year were good with most weekends in the peak summer months being booked. Just over £21.5k was raised through field and building bookings.

Charles Blakey and Richard Mews visited the new owners of Unthank Hall and a friendly agreement was reached allowing us to continue to use the paddock for the show.

Thanks to the hard work between committee and the committee of Stanhope Silver Band a timetable for the march was agreed upon and along with help from the road closure company this was adhered to with a rolling road block ensuring that show traffic was not severely inconvenienced during the band march.

As well as the many caravan and motorhome rallies, we hosted:

- Stanhope Weekender Festival;

- Greener Miles running event;

- Christenings;

- Swaledale Sheep Association AGM;

- the Country Thunder ticketed event;

- Barnard Castle Dog Agility event;

- East Durham MCC motorcycle rally

- and the 10 Mile Charity Run.

Outside trade stand space was full and some remedial work was carried out on the showground to enhance the space nearest the railway. Trade Stand bookings in both the Festival of Shopping Marquee and the Handmade & Crafters Marquee were slightly down.

STANHOPE AGRICULTURAL SOCIETY LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -

Whilst entries in many sections were excellent, we were sadly unable to host the KC Dog Obedience classes at the show due to a date clash and no judge being available. Once again section secretaries did an outstanding job with special thanks to Suzette Jopling who now manages the Craft, Handmade & Produce (along with Julie Hanson), the Children’s Art competition, the very popular Gundog Scurry and this year took on the Photography section and produced a beautiful exhibition of photographs.

Promoting and marketing of the show is increasingly online and we achieved the milestone of 12,000 facebook followers just before the show. We experienced some adverse online points of view following an issue with a main arena act. We were contacted by the Association of Show Organisers during the show who subsequently provided us with a bursary which allowed Lisa to attend the nation ASAO conference in November at the Great Yorkshire Showground pavilion.

Despite this being difficult at the time lessons were learned and a subcommittee met in December to work towards securing world class main arena acts and enhance our entertainment offering.

Supporting Local Charities and Not-For-Profit Organisations

In 2025 we supported the following local charities and not-for-profit organisations

including:

- Teesdale & Weardale Explorer Scouts (trade stand for litter pick)

- North Pennines Landscape, Weardale Railway and local hospitality businesses have been working together to develop a pilgrimage route from Killhope to Bishop Auckland. Free trade stand.

- £100 donation to Weardale & Teesdale Rescue following their outstanding efforts in location a lost and sadly deceased person

- Crook Ramblers, discounted trade stand

- Crook and Weardale Scouts, trade stand

- Kevin Rodam Funds for Ukraine

- Bike the UK for MS team, free camping on their cycle ride

- Stanhope Christmas Lights, free trade stand

- St Thomas’ Church Hall, sponsorship of September’s calendar page, £50

- Eastgate Village Hall Association, £150 donation towards beer festival

- Young Farmers, fOC trade stand

- Stanhope 10 miler, Quinn’s Retreat, not for profit suicide bereavement charity.

- 123 Help for families, use of Ridley Suite FOC for Christmas food parcels, Xmas dinner, sweet treats and gifts

- Stanhope FC

- Free show tickets for the residents of Crosshill nursing home were provided

Grounds and Property Maintenance

In 2025 the project to extend the “road” saw it reach further around the showground to the tarmac tennis courts.

The sunken permanent markers demarking the arena worked well and will help in future years keeping the shape consistent.

Thanks to our Grounds Manager, Charles Blakey, who continues to go above and beyond in the care and attention he devotes to the showground. Many comments were made about how well it looked throughout the year.

We continue to work towards greener alternatives for power.

The society will strive to maintain the facilities of the showground to the highest level.

STANHOPE AGRICULTURAL SOCIETY LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
Financial review

Field bookings throughout the year saw £21,728 banked.

The accounts returned a small deficit of £705.

The level of unrestricted free reserves on 30 th November 2025 was £238,326. The charity requires reserves (money not designated for any purposes) in order to fund the provision of the annual show and to improve the onsite facilities. The Trustees consider that the reserves of at least the cost of holding the show should be held, currently estimated at £80,000, together with sufficient funds to enable the society to finance the purchase of additional facilities for the showground.

Plans for future periods

Bookings are healthy for 2026 in terms of Field and Venue bookings. There are only a very few dates remaining.

We already have bookings for 2027 secured with deposits taken.

Wifi is currently being extended to the Ridley Suite. This will ensure that we have connectivity should we need it for card readers at the gates and at events in the Ridley Suite.

We continue to expand our use of digital and social media channels in order to both promote the show and help with administration. This year we took online payments for all trade stands; KC Dog Obedience; Vintage Car Entries and Horse Entries. Section secretaries and entrants’ feedback is positive, once the new processes are in place.

Structure, governance and management

Stanhope Agricultural Society is a Company Limited by Guarantee and a registered charity.

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £100 each.

Mrs C M Akrigg
Mr A W Hutchinson
Mr R Mews
Mr J M Robson
(Resigned 25 February 2026)
Mr I Ross
Mrs D Wright
(Appointed 25 February 2026)

The directors of the company are also trustees of the charity for the purposes of charity law. Admission of members to the society is by writing to the Secretary of the Society which is then considered by the Society's Council for admission.

Passing of Committee Members

Committee were shocked and saddened to hear of the passing of our former treasurer, Dawn Barnett. Committee members attended the funeral.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

STANHOPE AGRICULTURAL SOCIETY LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -

The trustees' r eport was approved by the Board of Trustees.

Mr I Ross
Trustee
9 March 2026
STANHOPE AGRICULTURAL SOCIETY LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF STANHOPE AGRICULTURAL SOCIETY LIMITED
- 5 -

I report to the trustees on my examination of the financial statements of Stanhope Agricultural Society Limited (the charity) for the year ended 30 November 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements 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 financial statements 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 financial statements to be reached.

John Yarrow FCA
Independent Examiner
Allen Sykes Audit Ltd
5 Henson Close
South Church Enterprise Park
Bishop Auckland
Co Durham
DL14 6WA
Dated: 10 March 2026
STANHOPE AGRICULTURAL SOCIETY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income and endowments from:
Donations and legacies
4
15,653
18,699
Other trading activities
5
77,292
94,043
Investments
6
-
6
Other income
7
21,728
18,192
Total income
114,673
130,940
Expenditure on:
Charitable activities
8
119,307
118,726
Total expenditure
119,307
118,726
Net gains/(losses) on investments
13
3,929
7,911
Net income/(expenditure) and movement in funds
(705)
20,125
Reconciliation of funds:
Fund balances at 1 December 2024
282,765
262,640
Fund balances at 30 November 2025
282,060
282,765

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

STANHOPE AGRICULTURAL SOCIETY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 NOVEMBER 2025
30 November 2025
- 7 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
15
43,734
48,158
Current assets
Debtors
16
2,159
2,066
Investments
17
58,274
54,345
Cash at bank and in hand
178,829
178,946
239,262
235,357
Creditors: amounts falling due within one year
18
(936)
(750)
Net current assets
238,326
234,607
Total assets less current liabilities
282,060
282,765
Net assets excluding pension liability
282,060
282,765
The funds of the charity
Unrestricted funds
282,060
282,765
282,060
282,765

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 November 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and authorised for issue by the trustees on 9 March 2026
Mr I Ross
Trustee
Company registration number 06194411 (England and Wales)
STANHOPE AGRICULTURAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 8 -
1
Accounting policies
Charity information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Virginia House, 5 North Terrace, Gainford, Darlington, Co Durham, DL 2 3 EE.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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).

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities measured at fair value through income or expenditure. The principal accounting policies adopted are set out below.

1.2
Going concern

There are no material uncertainties about the charity's ability to continue.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

STANHOPE AGRICULTURAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 9 -
1.4
Income

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

· income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

· legacy income is recognised when receipt is probable and entitlement is established.

· income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

· income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

1.5
Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT which cannot be recovered, and is reported as part of the expenditure to which it relates.

- Charitable expenditure comprises those costs incurred by the charity in delivering its activities and services for its beneficiaries.

- Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees and costs linked to the strategic management of the charity.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Toilet block
4% straight line
Plant and equipment
Band stand: 15% reducing balance. Other equipment: 6 years straight line
Motor vehicles
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

STANHOPE AGRICULTURAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 10 -
1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

All of the charity's financial instruments can be classed as basic. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

1.10

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

1.11

Current asset investments

Current asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Limited by guarantee

The company is limited by guarantee, there being no share capital, and as such is not controlled by any one individual but by the Board as a whole.

At 30 November 2025 there were 5 trustees each of whom had undertaken to contribute an amount not exceeding £100 in the event of a winding up.

STANHOPE AGRICULTURAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 11 -
4
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
1,573
4,925
Membership fees
14,080
13,774
15,653
18,699
5
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£

Gate and car park receipts

45,291
49,354

Trade stands

17,368
20,882

Returned fees

4,816
4,041

Bar profit

2,817
10,766

Catering rent

7,000
9,000
Other trading activities
77,292
94,043
6
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
-
6
7
Other income
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Showfield rental
21,728
18,192
STANHOPE AGRICULTURAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 12 -
8
Expenditure on charitable activities
Agricultural show
Agricultural show
2025
2024
£
£
Direct costs
Depreciation and impairment
5,228
5,419

Agricultural show

105,807
104,932
111,035
110,351
Share of support and governance costs (see note 9)
Governance
8,272
8,375
119,307
118,726
Analysis by fund
Unrestricted funds
119,307
118,726
9
Support costs allocated to activities
2025
2024
£
£
Governance costs
8,272
8,375
Analysed between:
Agricultural show
8,272
8,375
10
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
936
750
Depreciation of owned tangible fixed assets
5,228
5,419
11
Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

STANHOPE AGRICULTURAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 13 -
12
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
13
Gains and losses on investments
Unrestricted
Unrestricted
funds
funds
2025
2024
Gains/(losses) arising on:
£
£
Revaluation of investments
3,929
7,911
14
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

15
Tangible fixed assets
Toilet block
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 December 2024
77,697
25,854
7,459
111,010
Additions
-
804
-
804
At 30 November 2025
77,697
26,658
7,459
111,814
Depreciation and impairment
At 1 December 2024
43,074
16,553
3,225
62,852
Depreciation charged in the year
3,108
1,485
635
5,228
At 30 November 2025
46,182
18,038
3,860
68,080
Carrying amount
At 30 November 2025
31,515
8,620
3,599
43,734
At 30 November 2024
34,623
9,301
4,234
48,158

STANHOPE AGRICULTURAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 14 -
16
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
50
Prepayments and accrued income
2,159
2,016
2,159
2,066
17
Current asset investments
2025
2024
£
£
NFU investment fund
58,274
54,345

18
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
936
750
19
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 December 2024
Incoming resources
Resources expended
Gains and losses
At 30 November 2025
£
£
£
£
£
General funds
282,765
114,673
(119,307)
3,929
282,060
Previous year:
At 1 December 2023
Incoming resources
Resources expended
Gains and losses
At 30 November 2024
£
£
£
£
£
General funds
262,640
130,940
(118,726)
7,911
282,765
20
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

The annual Agricultural Show is held on land which was purchased by the Society prior to charitable registration. This land is held by property trustees which are appointed by the members of the charity.

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