Reglstsred numbor: 02630481
Chartty number: 1003898
THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limited by Guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Admlnlstrative Details of the Company. its Trustses and Advisers
Trustees. Report
Independent Audftors. Report on the Flnancial Statements
Statement of Flnanclal AcllvltS8s
8-10
11
Balance Sheet
12
Statement of Cash Flows
13
Notes to the Flnanclal Stalemonts
14-33

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Llmlted by Guarantee)
TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Mr S Ackrfll. Chalr
Mr D Barr
Mr S Coventy
Mr P Frankel
Ms J Marcham (resigned 9 February 2023)
Mr S Pallett (appointed 25 May 2023)
Mr N Wallis
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Company registered number
02630481
Charlty reglsternd number
1003898
Registered office
Newbury Showground
Priors Court, Hermitage
Thatcham
Berkshire
RG18 9QZ
Company $8cretsry
Mr D Barr
Independent auditors
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor
2 Communications Road
Greenham Business Park
Greenham
Newbury
Berkshire
RG19 6AB
Banker5
National Westminster Bank PLC
30 Market Place
Newbury
Berkshire
RG14 5AJ
Page 1

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limited by Guarantse)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual
report together with the audited financial statements of Th8 Newbury & District Agricultural Society (the
company) for the year ended 31 December 2023. The Trustees confirm thal the Annual Report and financial
statements of the company cornply with the currenl statutory ￿quirements. the requirements of the companvs
governing d0￿ment and the provisions of the Statement of Recommended PraGlice (SORP) applicable to
charities p￿parIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1 January 2019)-
Since the company qualifies as small under section 383, the strategic report required of mediurn and large
companies under The Companies Act 2006 (Strategic Report and Directorfs Report) Regulations 2013 is not
required.
Structure, Gov•rnancg and Managemonl
status and Admlnistration
The Society is constituted by the Memorandum and Articles of Association dated January 2009 as amended by
the s￿la1 resolution of the society passed on 6th July 2023. The Newbury & District Agricultural Society is
Company Limited by Guarantee. as defined by the Companies Act 2006. and it also a Registered Charity.
Organisatlonal Structure
Responsibility for the general policy, strategy and wellbeing of the Society rests with the Board of Management
who are (excluding the non voting members) the Trustees of the Society.
By convention the Immediate Past Chaimian of the Shows Council attends the Board but is non voting and Is
not a trustee. There was no "Show, in 2020. 2021 or in 2022. There was a show in 2023 which was run by the
Board of the Society. together with the help of the Section Heads and volunteers.
The Members of the Board of Management in 2023 wer8:
Mr S Ackrill, Elected member and Board Chairman
Mr D Barr. Elected member
Mr N Wallis. Elected member
Mr P Frankel. Elected member
Mr S Coventry- Shows Council
Mrs J Marcham. Resigned 9 February 2023
Mr S Pallett. Co-opted - Appointed 25 May 2023
Remuneration Pollcy
The Societys airn is to ensure that its levels of remuneration for key management personnel are equitable and
will enable tt to attract. retsin and motivate individuals wlth the qualities, experience and skills needed to fulfil the
Societys objectives. The basis of the policy is that each empbyee should be paid in line with market rates for
comparab18 positions. balanced by affordablllty to a relatively small not for profit organisation. Trustees are
unremunerated but may claim reasonable expenses.
Page 2

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, Governance and Management {continued
Risk Management
The Trustees have given ¢onslderdtion to th8 major risks to which th8 Charlty was exposed and satisfied
themselves that systems or procedures were in place in order to manag8 those risks.
Risks are Identified and assessed and appropriat8 controls were established throughout the year. Particular
emphasis was placed over the reportlng period on ensuring the foundations of good governance. sound
employment practice and th8 gen8ral Health & Safety and wellbeing of employees, visitors and contractors.
The main risk identified is that of financial rlsk. During the year the revenue from the letting of the Showground
has been optimised and all overh8ads have been monitored and kept to a minimum.
The Society brought back the Newbury Show for the first time in four years and with close control over costs
managed to record a surplus in the 8V8nt.
Following the year end the Trustees became aware of a flaw in the authorfsation and supervision of activities Sn
the Sodety was identified whlch result8d in a large volume of waste materfal belng brought to site of whlch a
significant proportion is soil. Procedures are being put in place to ensure this cannot happen in the future.
Objectlves and Activities
The Objects for which the Society is 8stsblished. as set out in the Memorandum and Articles of Association,
are:
To promote, advance and improve for th8 publi¢ benefit agriculture, hortlculture, forestry and rural crafts and
skills in all their branches and fomis to encourage interest. skill and industry In agricultur8, horticulture, forestry.
rural crafts and skills and all trades. crafts. businesses and professions connected th@roWith.
To promote, advance and improve the education of the publlc in matters connected with agriGuliure, horticulture,
forestry, rural businesses, crafts and skills.
To educat8 the public in the need to preserve the countryside and wildlife thereof for the public benefft.
In part. this has been achleved by the holding of shows for the exhibition of livestock, farm produce.
horticultural produce, machinery, implements, anlmal feedstuffs, fertilisers, seeds and other things appertaining
to agrlculture, for the encouragement of interest, skill and industry in agrlcullure, horticulture, forestry, rural
crafts and skills and in all trades, crafts, and educational materials and techniques connected with agriculture
and the preservation of th8 countryside and in connection wlth such shows to judge and award prizes.
Th8 Objects are kept under review to reflect changes in agrlculture. Tural businesses and the countyside.
Publlc Beneflt
The Trustees have ref8rred to the guidance in the Charity Commission's general guidance on Publi¢ Benefit
when revlewing our aims and ob]ectlves and in planning our future activities to 8nsure that the Society contlnues
to provide ¢onslderable public b8n8fit to the wider communlty.
This has b8en partly met by holding the annual Newbury Show which had many thousands of vlsltors attending
the event. The show gave the public a very tangible connection to agriculture, horticulture. forestry and rural
crafts and skills as well as the countryside and its traditions
The Local On Farm Competitions continue to promote th8 highest standards of industry and skill in agriculture.
Unforbjnately. the annual Ploughing Match had to be cancelled due to the weath8r.
Page 3

THE NEW8URY & DISTRICT AGRICULTURAL SOCIErY
(A Company Llmllgd by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, Gov•rnanc8 and Managoment (contlnued)
The activities undertaken with schools conlributed very significantly to the Societys educational object.
Fundralslng
The Societls fundraising activities are largely administered by employees and volunteers of the Society. The
Society has not subscribed to any voluntary fundraising regulator or standards. No complaints were received in
the period ￿gardIng any fundraising activities. Ail fundraising activities are kept under review by the Societys
management to ensure that vulnerable people are not unduly pressured. or activities are unreasonabFy
persistent.
Achievemonls and Perfornianco
The 'usual' main activities of Ihe Society are to hold the 'Newbury Shov/, hold the Society Ploughing Match and
On Farm Competits"ons, run our education programme, and rent the showground to other events to generate
further income.
Following on from successful years in both 2021 and 2022 the Board have continued durlng 2023 with work to
stabiltS8 the finances further, lettings for events on the showground remained constsnt during the year and are
still showing an increase of around 25/0 against 2019 {pre Covld). The Board has continued with a plann8d
program of both maintaining and improving the Societys assets, both the Trentham and Trencherwood ele¢tri¢
gates were refurbished during the year, New fencing has been installed adjac8nt to two of the fire lanes on the
showground, various other fence repairs have taken place as required and a scheduled replacem8nt
programme for replacing fences on the Showground has been reintroduced. Regular newsletters have
continued to b8 circulated to not just members but also to the wider communities, ke8ping people up to date as
the Society's situation wntinues to improve.
The Board continues to work dosely wlth the local communttles through both Chleveley and Hermitage Parish
Counclls to ensure that the Society can make b8tt8r use of the Showground to Increase the income for the
Society, but not to the detriment of the local communities.
The 2023 year saw Education activities continue to exceed the pre-covid level of 2019. DuTlng the year the
Education Officer visited 83 different schools, spent 121 days out of the office on school business I visits,
engaged with 5226 pupils and covered 4996 miles. As well as the various workshops and cookery schools ther&
were Design. Make and Market Challenges and the introduction of a debating compelition between local
schools.
The highlight of the year was the muGh-awaited return of 'Newbury Show.. The focus of the show was very
much based around Agriculture with. for the first time, a 'lo¢al producers, area dedicated to businesses based
within 15 miles of the showground. Feedback received from both Society members and the public alike was
very positive with the ovenNhelming message that the show had returned to its 'AgricuEtural Roots.. As well as
giving the general public the opportunity to see Agriculture first hand the massive amount of work involved in
putting on the show that was undertaken by volunteers enablod the show to also retum a surplus.
Unfortunately, the very wel autumn weather caused the Ploughing Match to be cancelled along with the prize
giving from the On Farm Competitions that had taken place earlier in the year. The schools competitions that
were due to be judged at the Ploughing Match we subsequently judged at a later date.
Pag8 4

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Umited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 310ECEMBER 2023
Structure, Governance and Management (continued)
Plans for Future Periods
With the support of the local communities an application was submitted to West Berkshire Council (WBC) for
some easing of the cu￿ent S106 planning ￿striCtl0nS which coupled with the more usable 'Society Building,
should enable the Society to increase the lettings on the Showground. The Board continues to work with WBC
and is hopeful the restrictions of the winter Glosed season will be amended for 2024-25.
The Board are pleased to confirm the retum of the Newbury Show In September 2024,
Flnanclal Review
Revlew of the Flnanclal Statemonts
The Trustees are pleased to confirm that the year ended 31 December 2023 resulted in a surplus of £136,445
(inclusive of a £46,039 legacy) compared to £59.080 for the year ended 31 Dec8mber 2022.
Incoming resources for the year increased from £307,611 to £1.047,225. The main increase was due to the
retum of the Newbury Show where the Income was £704,591.
Outgoing resources for the year increased from £248.531 to £910.780. The main increase was due to the costs
associated with holding the Newbury Show of £645.496.
Net assets at the year end amounted to £1,652,769 {2022: £1,516,324). Of th8s8, £54.068 are restricted.
un￿StrICted funds total £1.598,701. Included in these are deslgnated funds of £991,546 which represent th8
cost of the Soclety Building less an annual depreciation charge. The remaining unrestricted funds of £607,155
provide for sustaining the level of Gharitable activities.
Reserves Policy
The Board has examined the Charitys requirements for reserves in light of the main risks to the organisation. Its
policy has been that the unrestricted funds not invested in tangible fixed assets held by the charty should
represent be￿een 114 and 112 of the annual expenditure of the 'Newbury Show.. This policy was based on the
perceived potential risks to the Society if the Show was cancelled (for example, due to bad weather) at short
notice. as significant costs would have already been committed and would not be recoverable.
The annual expenditure of the last Show in 2023 was £645.496. Totsl Unrestricted Funds at 31 December 2023
are £1.598,701.
Unrestricted ￿ndS not invested in the tangible fixed assets at 31 December 2023 represent 940/0 of th8 2023
Newbury Show costs.
Land and Property Valu8S
An independent valuation of th8 Showground has not been carrled out ￿thin the last fiv8 years. The Trustees
are of the oplnlon that the value of the Showground and Society Building is In excess of the book value shown In
the financial statements.
Page 5

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Llmlted by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Going Concern
The financial statements of the Newbury & District Agricultural Society ('NADAS') for the year ended 31st
December 2023 have been prepared on a going concem basis.
The Society has made a surplus of £136.445 for the year ended 31st December 2023 and is forecasting a small
surplus in 2024. The Board Members continue to fO￿S on maximising revenue from the Showground and
minimising overheads to ensure the Society is able to meet all of its liabilities as they fall due and therefore
believes the Society can continue for the foreseeable future.
Post Balance Sheel Events
Following the year end the Trustees became aware of illegal dumping of soil and other waste material. The
incident is under investigation by the Environment Agency. The Trustees are working closely with the authorities
to assist them with their enquiries and to mitigate any potential financial or reputational damage to the Society.
ststemenl of Trustees. responsibilitles
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees, Report and the financial statements in accordance wilh applicable law and United
Kingdom ArLounting Stsndards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the finanaal statements unless they are satisfied that they give a true and fair view
of the state of affairs of the Company and of its incoming resources and applicatb)n of resources. including its
income and expenditure. for that period. In preparing these flnancial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistontly,
observe the methods and principles of the Charities SORP (FRS 102)".
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any
material departures disclosed and explained in the financial statemenls.
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Company will continue in business.
The Trustees are responsible for keeping adequate a￿OUntIng records that are sufficient to show and explain
the CoMpan￿S transactions and disclose with reasonable accuracy at any time the financial position of the
Company and enable Ihern to ensure that the financial statements Comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each of the persons who are Trustees at Ihe time when this Trust88s' Report is approved has confimied that:
so far as that TNstee is aware, there is no relevant audit information of which the charitls auditors are
unaware. and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charitVs auditors are aware of that information.
Page 6

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Llmited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Audltors
The auditors, James Cowper Kreston Audit, have indicated their viillingness to contlnue in offlce. The
designated Trustees will propose a motion reappointing the auditors at a m88ting of the Trustees.
Approved by order of the members of the board of Trustees and slgned on their behalf by
Mr S Ackrlll
Chair of Trust
Date:
Page 7

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Llmlted by Guarantee)
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE NEWBURY & DISTRICT
AGRICULTURAL SOCIErY
Oplnlon
We have audited the financial statements of The Newbury & District Agricultural Society (the 'charitable
compan1} for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the
Bal8nce Sheet. the Statement of Cash Flows and the related notes, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards, induding Financial Reporting Standard 102 The Financial
Reporting Standard applicab18 in the UK and Republic of Ireland, {United Kingdom Generally Accepted
Accounting Practlce).
In our opinion the financial statements:
give a true and fair view of the state of the charitable wmpanls affairs as at 31 December 2023 and of
its incoming resources and applicatlon of resources, including Its incom@ and expenditure for the year
then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practi￿. and
have been prepared in accordan¢e with the requir8m8nts of the Companies Act 2006.
Basls for opinion
We conducled our audit in accordance with Internatlonal Standards on Auditing (UK) {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Audltors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audlt of the financial statements in the United Kingdorn,
induding the Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provid8 a basis for our opinion.
Concluslons relatlng to going ¢onc•rn
In auditing the financial statements, we have concluded that the Trustees, use of the going concem basis of
accountlng in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or
condltions that, individually or collectively, may cast significant doubt on the charitable companvs ablllty to
continue as a going concem for a period of at least twelve months from when the financial ststements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page 8

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Llmltsd by Guarantee}
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE NEWBURY & DISTRICT
AGRICULTURAL SOCIETY (CONTINUEDI
Other Informatlon
The other information comprises the information included in the Annual Report other than the financial
statem8nts and our Auditors, Report thereon. The Trustees are responsible for the other information Contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and.
except to the extent otherwise explicitly stated in our report, we do not express any form of assuran
conclusion Ihereon. Our responsibillty Is to read the other information and, in doing so, consider whether the
other infomi8tion is materially inconsistent with the financial statements or our knowledge obtained in the course
of the audit. or otherwise appears lo be materialty misstated. If we identify such materfal Inconsistencies or
apparent material misstatements, we are required to determine wh8th8r this glves rise to a material
misstatement in th8 financial slatements themselves. If, based on the work we have performed, w8 conclude
that there Is a material misstatement of this other infonnatlon, we are requlred to report that fact.
We have nothing to report in this regard.
Oplnlon on other matter8 prescribed by the Companles A¢t 2006
In our opinion, based on the work undertaken In the course of the audit:
the informatlon given in the Trustees, Report for the financial year for which the flnancial statements are
prepared is consistent with the financial statements.
the Trust88s' R8POrt has been prepared in accordan￿ with applicable legal requir8m8nts.
Matters on which we are requlred to report by exceptlon
In the light of our knowledge and understanding of the charitable company and its environment obtalned In the
course of the audit, we have not identified material mlsstatements in the Trustees, Report.
We have nothlng to report in respect of the following matters in relation to which Companies Act 2006 requlres
us to to you if, in our opinlon:
adequate accounting records have not been kept, or retums adequate for our audit have not been
received from branches not visited by us; or
the financial ststements are not in agreement with the accounting records and retums; or
certain disclosures of Trustees, remuneration speclfied by law are not made: or
we have not received all the Information and explanations we require for our audit., or
the Trustees were not entitled to pr8pare the financial statements In accordance with the small
companies r8gime and take advantage of the small companies, exemptions in pr8paring th8 Trustees.
Report and from the requlrement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of
th8 charilable company for the purposes of company law) are responsible for the preparation of the financial
stat8ments and for being satisfied that they give a true and falr view, and for such internal control as th8
Trustees determlne Is necessary to enable the preparation of financial statements that are free from material
misstatement. wh8ther due to fraud or error.
In preparing the financial statements, the Twstees are responsibl8 for assessing the charitable company's
ability to continue as a going concern, disclosing, as appllcable, matters related to going concern and using the
going concern basis of accounting unless the Truste8s erther intend to liquidate the charitable company or to
cease operations. or have no realistic altemative but to do so.
Page 9

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limitsd by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE NEWBURY & DISTRICT
AGRICULTURAL SOCIETY (CONTINUED)
Audltors. responsibilitles for the audh of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatemen( )Nhelher due to fraud or error. and to issue an Auditors. Report that includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS {UK) will aknys detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be
expected to influence the economi¢ decisions of users taken on the basis of these financial ststements.
Irregulaiities. including fraud, are instances of non-Gompliance with laws and regulations. We design
procedures in line wilh our responsibilitl8S. Outlined above. to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities.
including fraud is detailed below:
Enquiry of management and thos8 charged with govemance around actual and potential litigation and
claims:
Enqulry of management and those charged with govemance to identify any materlal Instances of
noncomplianGe with laws and regulations;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance
with appllcable laws and regulations.,
Performing audit work to address the risk of irregularities due to management override of controls. including
testlng of journal entries and other adjustments for appropriateness. evaluating the business rationale of
significant transactions outside the nornial course of busin&ss and reviewing accounting estlmates for
evidence of bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.
.uklauditorsres
onsibilities. This description forms part of our
Auditors, Report.
Use of our report
This report Is made solely to the charitable companys members, as a body. In accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitsble CoMpan￿S members those rnatters we are required to state to them in an Auditors, Repx)rt and for no
other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other
than the charitable company and its members. as a body. for our audit work. for this report. or for the opinions
we have formed.
Fiona Hawkins Bsc (Hons) MSC FCA (Senior Statutory Auditor)
for and on behalf of
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor
2 Communications Road
Greenham Business Park
Greenham
Newbury
Berkshlre
RG19 6AB
Date: 2610612024
Page 10

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limtted by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Restrieted Unrestricted
fvnds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Nots
Income from:
Donations and grants
Charitable activities
Other trading activities
Investments
50,989
20,536
389.787
579,062
6.851
71,525
389.787
579.062
6.851
29.007
3,096
274,257
1.251
Total income
50,989
996.236
1,047,225
307.611
Expendlture on:
Ralsing funds
Charitable advltles
119,467
785,940
119.467
791,313
508
248,023
5,373
Tolal expenditure
5.373
905,407
910,780
248.531
Net movemenl in funds
45,616
90,829
136,445
59.080
Reconciliation of funds:
Total funds brought fojward
Net movement in funds
8N52
45,616
1.507,872
90,829
1.516.324
136,445
1,457.244
59.080
Total funds carrled forward
54,068
1.598,701
1,652,769
1,516,324
Page11

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company L5mited by Guarantse)
REGISTERED NUMBER= 02630481
BALANCE SHEEr
AS AT 31 DECEMBER 2023
2023
2022
Nots
Flxed aJ¥¢ts
Tangible assets
Investrnenls
12
1N93,572
100
1,524,251
100
1 h93.672
1,524,351
Current assets
Debtors
Invostments
Cash at bank and in hand
13
14
44,048
1SO.000
218.886
27,941
322.616
412,933
350,557
Creditors: amount8 falllng due within one
year
15
1116.063)
{105,031)
Net ¢urrent assets
296,870
245.526
Total assets less ¢urr•nt Ilabllftlwd
1,790,542
1,769,877
Credit+Jrs: amounts falllng due after more
than one year
16
(137.773)
(253,553)
Total net assets
1,652,769
1,516,324
Charlty funds
Rgstrfcted funds
Unrestricted funds
17
17
54,068
1,598,701
8,452
1,507,872
Total funds
1.652,769
1.518.324
Tha financial 8tatemerrt8 have beon prepared In accordance with the provrJlon8 applicable to enfjtle8 subject to
the small companies reyime.
The financial statements were approved and authorised fcf issue by the Trustees and signed on their behalf by.
Mr S Ackrfll
Chair of Trustee8
Dato: 2016124
Mr D Barr
Tru8tee
The note8 on pages 14 to 33 form pat of these financial statemants.
Page 12

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Llmlted by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Note
Cash flows from oporatlng activiti•s
Net cash used in operating activities
20
167,018
132.873
Cash flows from Investlng actlvltles
Dlvldends, interests and rents from investrn8nts
Purthase of investm8nts
6,851
(150.000)
1,251
Net Cash (used In)Iprovlded by invosting actlvltles
{143,149)
1,251
Cash flows from flnanclng activities
Repayments of borrowing
(127,600)
{31,022)
Nel rAsh used in financlng actlvltles
(127,600)
(31,022)
Change in cash and cash equlvalents in the year
Cash and cash equivalents at the beginning of the year
(103.731)
103,102
322.616
219.514
Cash and cash equlvalents at tho ond of the year
21
218,885
322,616
Th8 notes on pages 14 to 33 form part of these financial statements
Page13

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limited by Guatantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting pollcles
1.1 Basls ol proparallon of flnancial statements
The financlal statements have been prepared in accordance with the Charities SORP {FRS 102) -
Accounting and Reporting by Chaiities: 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 Financial Reporknng Standard
applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006.
The Newbury & District Agricultural Society meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initialty recognised at historical cost or Iransaction value unless
otheNise stated in the relevanl accounting policy.
1.2 Company Status
The Newbury & District Agricultural Society Is a Company limited by guarantee. In the event of the
Society being wound up each member is liable to contribute an amount not exceeding £1. The
Society is also a registered charlty. number 1003898.
If upon the windlng up of the company there remains. after the satisfaction of all its debts and
liabilities. any property whatsoever the same shall not be paid or distributed among the members of
the Sociely but shall be 9iven to some other charitable institution having objects similar to the
Society.
1.3 Income
The recognltion of incom8 from tegacies is dependent on 8Stablishing 8ntitl8ment. the probability of
receipt and the ability to 8Stirnate with sufficient accuracy the amount receivable. Evidence of
entitl8m8nt to a legacy exists when the Company has suffici8nt evidence that a glft has been left to
them (through knowledge of the existen￿ of a valld will and the death of the benefactor) and the
executor is satisfied that the property in question will not be required to satisfy claims in the estste.
Receipt of a legacy must be recognised when it is probable that it will be received and the fair value
of the amounl receivable, which will generally be the expected cash amount to be distributed to the
Company, can be reliably measured.
All income is recognised once the company has entitlement to the income. it is probable that th8
income will be received and the amount of income receivable can be measured reliably.
Gifts in kind donated for distribution are included at valuation and recognised as incoma when they
arg distributed to the projects. Gifts donated for resale are included as income when they are sold.
Donated facilities are included at the value to the company where this can be quantified and a third
party is bearing the Gost. No amounts are included in the financial statements for servi￿$ donated
by volunteers.
Donated services or facilitie5 are recognised when the company has control over the item. the value
can be quantified and a third party is bearing the cost.
Income from Ilfe memberships is rgcognised in full on receipt.
Income from trade stands, rents receivable and sundry income is included on a receivable basis
when the Society becomes entitled to the income.
Income from social functions is recognis8d on a received basis.
Income from investments is stat8d at the gross amount recelvable.
Page 14

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Llmlted by Guarant••)
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting pollcles (continued)
1.3 Income (contlnued)
Show income relates to admissions, trade stands income, sponsorship. entry fees and car parking.
This is included on a recervable basis.
Income tax recoverable In relation to donations received under Gift Aid or deeds of covenant is
recognised at th8 time of the donalion.
1.4 Expenditure
Expenditure is recognised once th8r8 is a legal or constructive obllgallon to transfer economic
benefit to a third paty. It Is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation Can be measured reliably. Expendrture is classified by
actlvlty. The costs of each 8Ctivity are mad8 up of the total of dired costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated direclly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributab18 to a single aclivity are apportioned between those
activities on a basis consistent wilh the use of reSoUr￿s. Central staff costs are allocated on the
basis of time spent. and depreciation charges allocated on the proportion of the asset's use.
Support costs are those costs incurred dlrectly in support of expenditure on the objects of the
Society.
Costs of generating funds a￿ costs incurred In attractlng voluntary income. and those incurred in
tradlng actlvities that raise funds.
1.5 Going concern
The Trustees believe the Soclety will be able to meet its liabilities, contingent or otherwise. as they
fall due. over th8 n8Xt ￿e1ve months. The Trustees the￿fOre believe the Society can continue for
the foreseeable future and as such the financial statements have been prepared on the going
concern basis.
1.6 Tanglble flxed assets and dépreclatlon
Tanglble fixed assets are induded at cost and are not subject to a pollcy of revaluation. Tangible
fixed assets are capitallsed If they cost over £1,0TrJ.
A review for impaimient of a fixed asset is carried out if events or changes in ¢lrcumstan¢es indicate
that the Carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying
value of fixed assets and th8ir recoverable amounts are recognised as impaimients. Impairment
losses are re¢ognlsed in the Siatement of financial activiti8s incorwrating income and expendlture
account.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off th8 Cost of fixed assets, less thelr estimated residual value, over their
expected useful Ilves on the following bases..
Freehold land
Showground buildings
Machinery
Office fumishings
Computer equipment
Office premises
Not depreciated
Over 5 to 50 y8ars on straight line basis
250/c* reduclng balance
25 % reducing balan
Over 3 years on straight line basis
Over 25 years on stralght Ilne basis
Page 15

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (contlnued)
1.7 Operating leases
Rentals under operating leases are charg8d to the Statement of Financlal Activities on a straight line
basis over the lease term.
1.8 Taxatlon
Th8 charity is exempt from corporation tax on its charitable activities.
1.9 Intaresl recoivable
Interest on funds held on deposit Is included when recelvable and the amount can be measured
reliably by the Company. this is nonnally upon notification of the int8r8St paid or payable by the
Bank.
1.10 Ponsions cost8 and other postwretlremenl benefits
The Society contributes to personal defined contribution p8nsion schemes for all qualifylng
employees who ar8 not opted out. Contributions payable for the year are charged as r8sour¢es
expended in the Statement of Financial Activities.
1.11 Fund accounting
G8neral funds are unrestricted funds whlch are available for use at th8 discretion of the Trustees in
furtherance of the general objectives of the Company and ￿1¢h have not been designated for other
purposes.
Deslgnated funds comprise unrestricted funds that have been set aslde by the Trustees for
particular purposes. The aim and use of each designated fund is s8t out in the notes to the financlal
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which hav@ b88n raised by the Company for particular purpos8s. The costs of raising and
admlnlsterlng such funds are charged against the sp8cific fund. The aim and use of each restricted
fund is set out In the notes to the financlal ststements.
Investment income. galns and bsses are allocated to the appropriate fund.
1.12 Debtors
Trade and other debtors ar8 re¢ognised at the settlement amount after any trade discount offered.
Prepayrnents are valued at the amount prepaid net of any trade discounts due.
1.13 Deferred Income
D8f8rred Income relales to lettings income and deposits for the following financial year and specrfic
donations.
1.14 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposlt or similar
account.
Page 16

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng poli¢i•s (contlnued)
1.1 S Llabllltles and provlslons
Liabilities are recognised when there is an obligatlon at the Balance Sheet date as a result of a past
event. it Is probable that a transfer of economi¢ benefit will be requlred In settlement, and the
amount of the settlement Can be estlmated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or
the amount it has received as advanced payments for th8 goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obllgatlon.
1.16 Flnanclal Instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial
Instruments. Basic financial instruments are Initial￿ recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans ￿1¢h are
subsequently measured at amortised cost uslng the effectiv8 interest method.
Crltlcal accounting estlmat•$ and areas of Judgement
Th8 preparation of the financlal statements requires management to make judgements, estlmates and
assumptions that aff8Ct the amounts reported for assets and liabilities as at the balancè sheet date and
the amounts reported for revenues and exp8nses during the year. However, the nature of estimation
means that actual outcomes could dlffer from those estimates. The followlng judgements {apart from
those involving estimates) had had the most significant effect on amounts recognised in th8 financial
statements.
Critical accounting estimates and assumptions:
Tangible fixed assets (see note 12)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where
appropriate. The actual lives of the assets and resldual values are assessed annually and may vary
depending on a number of factors. Residual value assessments consider Issues such as the remalnlng
life of th8 asset and projected disposal values.
Page 17

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limltsd by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Voluntary income
Restricted Unrestrlcted
funds
fund8
2023
2023
Total
funds
2023
Total
funds
2022
Sponsorship
Donations
Grants
Legacies
Gift aid
Annual subscriptions and guest badges
6,437
6,565
2,000
1,450
3,500
46,039
3.918
5,368
3,500
46,039
210
16,408
210
16.408
734
13.271
50,989
20.536
71,525
29,007
Total 2022
3.850
25.157
29,007
Sponsorship includes sponsorship-in-kind of £11,000 {2022- £nil) relating to services donated to the
Society.
Income from other tradlng aetivities
Income from fundraising evenls
Unrestrlcted
funds
2023
Total
funds
2023
Totsl
funds
2022
Trade stands
Sponsorship
Catering concession
Showground hire
Social functions
Sundry income
182.578
61,048
63,500
254,943
333
16.660
182.578
61.048
63.500
254,943
333
16,660
800
264,606
379
8.472
Total 2023
579,062
579,062
274,257
Totsl 2022
274.257
274,257
Page 18

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
IA Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Investment income
Unrestrlcted
funds
2023
Total
funds
2023
Total
funds
2022
Deposit account interest
6.851
6.851
1.251
Totsl 2022
1.251
1,251
Income from charitable activities
Unrestrlcted
funds
2023
Total
funds
2023
Total
funds
2022
Admissions- Show
Car parking - Show
Stable and penning- Show
Programmes and catabgu8s - Show
Entry fees
340,590
41,638
2,337
2,439
2,783
340,590
41.838
2,337
2,439
2,783
3.096
Total 2023
389,787
389,787
3,096
Totsl 2022
3.096
3,096
Page 19

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Expenditure on raising funds
Fundralslng trading expenses
Unrestrlcted
funds
2023
Total
funds
2023
Totsl
funds
2022
Tradestands
Showground lettings
Social events
Support costs
Wages and salaries
Social securty costs
Other pension costs
35,725
38.455
472
20,098
23,755
313
35,725
38,455
472
20.098
23.755
313
649
Total 2023
119,467
119.467
508
Total 2022
508
508
Analysls of expenditure on charitable actlvltles
Summary by fvnd typo
Restrlcted Unrestricted
funds
funds
2023
2023
Tolal
2023
Totsl
2022
Showground
Education
423
4.950
760,918
25,022
761,341
29,972
221,233
26.790
T¢)tal 2023
5,373
785,940
791,313
248.023
Total 2022
26,790
221.233
248.023
Page 20

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limitsd by Guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysls of •xpendlture by actlvltles
Actlvities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Total
funds
2022
Showground
Education
572.064
29.972
189,277
761,341
29,972
221,233
26.790
Total 2023
602,036
189,277
791.313
248,023
Total 2022
86.741
161,282
248.023
Page 21

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limited by Guaranleej
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expendituro by actlvlties (contlnued}
Analysls of support costs
Total
funds
2023
Total
funds
2022
Wages and salaries
Recruitment (J)sts
Depreciation
Showground expenses
Management and admin expenses
General support costs
Governance costs
55,915
217
30.643
41.014
36.306
16,318
8,864
46,331
33.137
28.525
13,024
31.565
8,700
189,277
161,282
10. Auditors. remuneration
2023
2022
Fees payable to the Companys auditor for the audit of the Company's
annual accounts
7,480
6.985
Fees payable to the CompanVs auditor in respect of.
Accounts preparation services not included above
1,320
1.115
Page 22

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Llmlted by Guarant••)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11. Staff costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
99,492
1,250
2,595
59.251
740
1.784
103.337
61,775
Redundancy paymenls were made in the year totalling £4,469 (2022.. £Nil).
The average number of persons employed by the Company during the year was as follows:
2023
2022
Average number of ernployees
No employee received remuneration amounting to rn0￿ than £60.000 in eilher year.
The key management personnel of the Society comprises the Trustees.
Page 23

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Llmitèd by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
12. Tanglble flxed assets
Office
Other
Freehold Showground
furnishlngs
Offlce
flxed
property
buildings Machinery & equipment premlses assets
Total
Cost or
valuation
At 1 January
2023
472.882
1,873,425
107,491
42,739
(4,799)
79,178
100 2.575.815
(4,799)
Disposals
At 31 December
2023
472,882
1,873.425
107.491
37.940
79,178
100 2.571,016
Depreclation
At 1 January
2023
Charge for the
year
On disposals
833.585
101,205
42,334
74.440
1.051.564
28,385
1.572
126
{4,763)
560
30.643
<4,763>
At 31 December
2023
861.970
102,777
37.697
75,000
1.on.444
Net book value
At 31 December
2023
472.882
1.011,455
4,714
243
4,178
100 1.493.572
At 31 December
2022
472.882
1,039.840
6.286
405
4.738
100 1.524.251
The net ljook valu8 at 31 December 2023 represents fixed assets used for dired charitable purposes of
£1,489,151 (2022: £1,519,108) being fre8hold land. showground buildings. machinery and other fixed
assets.
The remainlng net book value of £4.421 {2022: £5.143) represents the fixed assets used for
managem8nt and administration purposes.
The market value of the land and buildings is in excess of the net book value.
Pag8 24

THE NEWBURY & DISTRICT AGRICULTURAL SOCIErY
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Debtors
2023
2022
Trade debtors
Other debtors
Prepayments and accrued income
31,517
12.993
582
14.366
12.531
44,048
27,941
14. Current assel investments
2023
2022
Bank deposit account
150.000
15. Credltors: Amounts falllng due withln one year
2023
2022
Bank overdrafts
Bank loans
Trade creditors
Other taxatlon and social security
Other credttors
Accruals and deferred income
87
21.513
3,914
5,690
2,094
82,765
2,471
33,333
13,469
3.310
2.339
50.109
116,063
105,031
2023
2022
Deferred income at 1 January 2023
Resources deferred during the year
Amounts released from previous periods
19,065
60,115
(19.065)
30,314
(11.249)
60,115
19,065
Bank loans of £11,458 (2022: £23,333) are secured on freehold land owned by the Charlty.
Page 25

THE NEWBURY & DISTRICT AGRICULTURAL SOCIErY
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
16. Creditors: Amounts falllng due after more than one year
2023
2022
Bank loans
137,773
253.553
Bank loans of £118.774 (2022.. £224,717) are secured on freehold land owned by th8 Charity.
Page 26

THE NEWBURY & DISTRICT AGRICULTURAL SOCIErY
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statement of funds
Statement of funds - Current year
Balance at
31
December
2023
Balance at 1
January
2023
Incomo Expendlture
Unrestrlcted funds
Designated funds
The Society Building
1,015,659
{24113)
991,546
General funds
General funds
492.213
996,236
(881.294)
607.155
Total Unrestrictsd funds
1.507,872
996,236
(905,4071
1,598,701
Restrlcted fund8
Capital reserve fund
Reach fund
Other restricted fund
Education fund
Equine fund
2.243
5,759
450
(373)
1,870
5,759
400
(50)
(4.950)
4,950
46.039
46.039
8,452
50,989
(5,373)
54,068
Total of funds
1,516.324
1,047,225
(910,780)
1.652.769
Page 27

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Llmlled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statement of funds (continued)
Designated funds
The Society Building
The Society Building was transferred from restricted to designated in 2017 and expenditure relates to
depreciation.
Re8tri¢ted funds
Capltal reserve fund
This represents funds restricted and used for the bulldlng of office premises on the site. An annual
deprecialion charge of 40A of cost is r818ased each year in to the general fund.
Reach fund
The Reach fund investment grant is to enable the Newbury & District Agricultural Society to explore
becoming a knowledge hub to further facilitate the provision of rural based education to tts various
publics as well as being able to develop knovAedge transfer capacity in "agritech" agricultural and
horticultural advancements and developments. The funds will be used to develop the business case for
any future infrastructure developmenls.
Education fund
The restricted fund for education projects was created in 2008 from funds raised by the West Woodhay
Garden Show. Further funds have been raised by Past Presidents, Chairm8n and th8 Education
Committee.
Equlne fund
This represents funds reslricled for the provision of trophy or trophies with approprfate prizes for local
tum out in the prlvate drlvlng class.
Page 28

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2023
17. Slal•ment of funds (eonllnued)
Statement of funds - prior year
Balance at
31
December
2022
Balance at
1 January
2022
Transf8rs
inlout
Income Expenditure
Unrestrl¢ted funds
Deslgnat•d funds
The Society Building
1.039.772
{24.113)
1.015.659
General funds
General funds
408,647
303.761
{197,628)
{22,567)
492.213
Total Unrestrfctod fvnds
1,448.419
303.761
(221,741)
(22,567)
1.507.872
Restrlcted funds
Capital reserve fund
Reach fijnd
Oth8r restrided fund
Education fund
2,616
5,759
450
(373)
2,243
5,759
450
3.850
{26,790)
22,940
8,825
3,850
(26.790)
22,567
8,452
Total of funds
1,457,244
307,611
(248.531)
1,516,324
Page 29

THE NEWBURY & DISTRICT AGRICULTURAL socIErY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
18. Summary of funds
Summary of funds - current year
Balance at
31
Balance al 1
January
2023
December
2023
Income Expenditure
Designated funds
General funds
Restricted funds
1,015,659
492.213
8.452
{24,113)
(881,294)
{5,373}
991,546
607,155
54.068
996.236
50.989
1,516,324
1.047,225
{910,780) 1.652,769
Summary of funds - prior year
Balance at
31
December
2022
Balance at
1 January
2022
Transfers
inlout
Income Expenditure
Designated funds
General funds
Restrl¢ted funds
1,039,772
408,647
8.825
(24,113)
(197,628)
(26,790)
1.015.659
492.213
8.452
303.761
3,850
(22,567)
22.567
1,457.244
307,611
(248,531)
1,516,324
19. Analysls of net assets between funds
Anatysis of net assets between funds - current year
Rostrlcted Unrestrlcted
funds
funds
2023
2023
Total
fvnds
2023
Tangib18 fix8d assets
Fixed 8888t investments
Current assets
Creditors due wilhin one year
Creditors du8 in more than one year
1,870
1,491,702
1,493,572
100
100
360,735
412,933
{116,063) (116,063)
{137,773) 1137,773)
52,198
Totsl
54,068
1.598,701
1,652,769
Page 30

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
19. Analysls of net assets between funds (continued)
Analysls of nel assets between funds - prlor year
Restrlcted Unrestricted
funds
funds
2022
2022
Total
funds
2022
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
2.243
1,522,008
1.524,251
100
100
344.348
350,557
(105.031)
(105.031)
(253.553) {253.553}
6,209
Total
8,452
1,507.872
1.516.324
20.
Reconciliation of net movement in funds to net cash flow frorn operating activities
2023
2022
Net income for the year {as per Statement of Financial A¢livities}
136,445
59.080
Adjustments for:
D8pre¢latlon charges
Dividends, interests and rents from investments
Loss on the sale of fixed assets
Decreasel{increasel in debtors
Increase in creditors
30,643
(6,851>
36
(16,107)
22,852
33,136
(1,251)
13,359
28,544
Net cash provlded by operating activitles
167,018
132.873
21. Anaty818 of ¢ash and cash equlvalents
2023
2022
Cash in hand
218,885
322.616
Total cash and cash equlvalents
218.885
322,816
Page 31

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
22. Analys18 of changes in nel debt
At31
December
2023
January
2023 Cash flows
Cash at bank and in hand
Bank overdrafts r8payable on demand
Debt due within 1 year
Debt due after 1 year
Liquid investments
322,616
(2,471)
{33,333)
(263,553)
1103,731)
2,384
11,820
115,780
150,000
218.885
187)
(21,513)
(137.773>
150,000
33,259
176.253
209,512
23. Contlngent Ilabblities
Following the year end a large volume of waste material was brought on site. The Environment Agency
are investigating the incident and the procedure is likety to tske over a year. It is not possible to determine
or quantify whether any liability, financial or otherwise. will fall on the Society.
24. Operallng lease commitments
At 31 December 2023 the Company had Comrnitments to make future minimum lease payments under
non-cancellable operatlng leases as follows:
2023
2022
Within 1 year
Between 2 - 5 years
1.356
816
3.383
2,172
3,383
25. Related party transactlons
In the normal course of its business, the Society may enter into transactions with some of the Trustees of
the Society, or wlth flms to which they are connected. All such transactions are on an arms, length basis.
During the year, two Trustees received r8imbursed expenses which totalled £732 (2022: £1,039 - I￿0
Trustees). These costs related to travel. subsistence and repairs and maintenance costs reimbursed.
During the year companles controlled by Trustees provided sponsorship of £3,250 to the Soclety for the
Show {2022: £500).
Page 32

THE NEWBURY & DISTRICT AGRICULTURAL SOCIETY
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
26. Controlling party
The Sociely is controlled by the Board of Management Members l Trustees. Details relating to
transactions with Board of Management members are stated in the previous note.
Pag8 33