REGISTERED COMPANY NUMBER: 02867043 (England and Wales)
REGISTERED CHARITY NUMBER: 1029231
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
FOR
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
| Page | |||
|---|---|---|---|
| Chairman's Report | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 14 |
| DetailedStatementofFinancialActivities | 15 | to | 16 |
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023
Firstly, | would like to Thank Colin in the Office and William Withers for preparing the accounts and also the guidance from our treasurer, Tracey Hill in what was a great year but also one in which we made a loss. | say great as if it was not for the prudent negotiating by Colin, and the band of volunteers the accounts could have looked so much worse. As it is there is so much to be proud about. Everything was on track for a bumper show: bookings were up for trade stands (£56,408 to £71,612) and food outlets (£24,575 to £30,583) on the year from when we madea surplus of £60,314 in 2022. This surplus transformed in 2023 to a £20,967 loss, attributable to the reduction in persons through the gate on show day. Entrance takings were down from £195,238 to £130,668 a loss of £64,570. If we consider the huge rises in costs of tentage/Marquees of £10,547 on the year and equipment hire (barriers and Fencing etc) of £12,180 and Traffic management up £13,332 the show and office have done extremely well to restrict the losses to only £20,967. It just goes to show the importance of advance ticket sales.
Whilst these costs are high, they are statutorily unavoidable and so the show for 2024 has looked at reducing these costs and have sought to employ Event People to provide all our traffic management requirements which will make significant savings.
We, as a show, also have large outlays in rent to our landlords, something which the majority of shows do not have as they own their site.
Despite these losses we have been able to pay back a loan to the Tiverton Agricultural Association and deposit £100,000 into a reserve account.
These accounts are a true reflection of the business activities of the show in 2023.
Page 1
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
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 30 Seotember 2023. 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 aims
The principal objectives of the Society are:
1) to promote and advance agriculture for the benefit of the public and to seek and generally improve and publicise it in all its branches and to encourage skill and industry in it and in all trades, crafts and professions connected with it.
2) for the primary purpose of raising money for the pursuance of its Principal Objects to hold an annual agricultural show provided that the Society shall not be obliged to hold a show in any year in relation to which the Council of the Society shall resolve that holding such a show is impracticable and not in the interest of the Society.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Free entry tickets to shows organised by the society are given to all children from the Mid Devon area to help with their understanding of farming and other rural activities. The show charity for the year was CHAT and_ this enabled that charity to promote it's work and raise funds on the day of the show. The society continues to support young people with grants to further their education and exoerience.
FINANCIAL REVIEW
Principal funding sources
The principal sources of income are the proceeds from the Mid Devon Show, members subscriptions, donations and sponsorship plus rent from land owned by the Society.
The loss from all sources for the year to 30 September 2023 was £ 20,967 compared with a surplus for the 2022: year of £60,314.
Investment policy and objectives
Under the Memorandum and Articles of the Society, the Charity has the power to make any investments the Council sees fit, during the year £100,000 was invested in a high interest savings account.
Reserves policy
The trustees consider a certain level of reserves is required in order to run the Society in an orderly and prudent manner. The Society's income and potential losses are variable depending on show day weather and _ other imponderables. The long term policy of this Society is to maintain reserves of at least two years recurring expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its memorandum and articles of association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
At the annual general meeting, one third of the members of the Council shall retire from office. The members of the Council to retire in every such year shall be those who have been longest in office since their last election. A retiring member of the Council shall be eligible for re-election until he shall have served 10 consecutive years as a member of the Council. New members @re actively recruited frorn suitably qualified ordinary members of the Society.
Page 2
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The Mid Devon Town and Country Show Society was incorporated on the 28 October 1993. The activities are overseen by a Council of the Society which shall consist of a chairman, vice chairman and until otherwise determined by the Society in general meeting not less than 15 and not more than 45 other members of the Society.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 02867043 (England and Wales)
Registered Charity number 1029231
Registered office Quayside House Highland Terrace Barrington Street TIVERTON Devon EX16 6PT
Trustees
Mrs J Ayre Farmer E J Berry Councillor (resigned 6/1/2023) Mrs R HM Chanin Farmer AN Cottey Farmer G R Cox Farmer T Hamlin Auctioneer Mrs RE J Hamlin Farmer R Hill Farmer MW Huxtable Farmer (resigned 6/1/2023) J AT Lee Farmer R Lewis Tree Surgeon AM Overhill Chartered Surveyor P F Pugsley Retired Solicitor | L Pugsley Solictor C E Rowland Farmer R S Sweet Company Director R W Taylor Retired R Stagg Chartered Surveyor W J Withers Chartered Accountant M J Pring Farmer Mrs C L Heaven-Roberts Hotelier Ms S Norman Banker B D Mildon Farmer N Thomas Yardsman (appointed 6/1/2023) A Short Farmer (appointed 6/1/2023) Miss K M Todd Landlord (appointed 6/1/2023)
Company Secretary
Mrs E Ford
Solicitors
Ashfords Ashford House Grenadier Road Exeter
Page 3
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
Approved by order of the board of trustees on AGDecemsey23 ang signed on its behalf by:
Mrs “4 Fordrd - Secretary
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MID DEVON TOWN AND COUNTRY SHOW SOCIETY
Independent examiner's report to the trustees of Mid Devon Town And Country Show Society (‘the Company’)
| report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2023.
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, | 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 | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed! boclies.
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
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
-
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)).
| have no concerns and have corne 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.
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Mr P Lewis-Bending ACA
----- End of picture text -----
Date: cot Nt debe ose
Page 5
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023
| 30.9.23 | 30.9.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | Total | ||
| funds | fund | fund | funds | funds | ||
| Notes | £ | £ | £ | a | £ | |
| INCOME AND | ||||||
| ENDOWMENTS FROM | ||||||
| Donations and legacies | 14,822 | - | - | 14,822 | 10,225 | |
| Other trading activities | 2 | 292,107 | - | - | 292,107 | 334,569 |
| Investment income | 3 | 2,461 | - | - | 2,461 | 101 |
| Total | 309,390 | - | - | 309,390 | 344,895 | |
| EXPENDITURE ON | ||||||
| Raising funds | 233,318 | - | - | 233,318 | 190,386 | |
| Charitable activities | ||||||
| Generating Funds | 94,976 | - | - | 94,976 | 93,195 | |
| Charitable activities | 2,063 | - | - | 2,063 | 1,000 | |
| Total | 330,357 | - | - | 330,357 | 284,581 | |
| NET | ||||||
| INCOME/(EXPENDITURE) | (20,967) | - | - | (20,967) | 60,314 | |
| RECONCILIATION OF | ||||||
| FUNDS | ||||||
| Total funds brought forward | 263,586 | - | 25,000 | 288,586 | 228,272 | |
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 242,619 | - | 25,000 | 267,619 | 288,586 |
The notes form part of these financial statements
Page 6
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
BALANCE SHEET
30 SEPTEMBER 2023
| 30.9.23 | 30.9.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted funds |
Designated fund |
Restricted fund |
Total funds |
Total funds |
||
| Notes | £ | £ | £ | a | £ | |
| FIXED ASSETS | ||||||
| Tangible assets | 8 | 96,446 | - | - | 96,446 | 108,772 |
| CURRENT ASSETS | ||||||
| Debtors Cash at bank and in hand |
9 | 13,190 182,607 |
- - |
- 25,000 |
13,190 207,607 |
- 249,852 |
| 195,797 | - | 25,000 | 220,797 | 249,852 | ||
| CREDITORS | ||||||
| Amounts falling due within one year |
10 | (49,624) | - | - | (49,624) | (61,038) |
| NET CURRENT ASSETS | 146,173 | - | 25,000 | 171,173 | 188,814 | |
| TOTALASSETS LESS | ||||||
| CURRENT LIABILITIES | 242,619 | - | 25,000 | 267,619 | 297,586 | |
| CREDITORS | ||||||
| Amounts falling due after more than one year |
11 | - | - | - | - | (9,000) |
| NETASSETS | 242,619 | - | 25,000 | 267,619 | 288,586 | |
| FUNDS | 13 | |||||
| Unrestricted funds | 242,619 | 263,586 | ||||
| Restricted funds | 25,000 | 25,000 | ||||
| TOTALFUNDS | 267,619 | 288,586 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.
The notes form part of these financial statements
Page 7
continued...
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
BALANCE SHEET - continued 30 SEPTEMBER 2023
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 wth Becemssev25 and were signed on its behalf by:
_ i AN Cottey - Trustee
The notes form part of these financial statements
Page 8
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
t. 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 lreland' 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% oncost Improvements to property - in accordance with the property Plant and machinery - 15% 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 Society. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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.
Page 9
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MID DEVON TOWN AND COUNTRY SHOW SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
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||||||||
|---|---|---|---|---|---|---|
|2.|OTHER|TRADING|ACTIVITIES|
|30.9.23|30.9.22|
|£|£|
|Entrance|130,668|195,238|
|Trade|stands|71,612|56,408|
|Exhibitors|13,772|16,142|
|Sponsorship|28,558|27,300|
|Catalogues|3,505|5,425|
|Catalogue|advertising|4,665|1,870|
|Food|outlets|30,583|24,575|
|Hire|of|generators|&|equipment|8,744|7,611|
|292,107|334,569|
|3.|INVESTMENT|INCOME|
|30.9.23|30.9.22|
|£|£|
|Deposit|account|interest|2,461|101|
|4.|NET|INCOME/(EXPENDITURE)|
|Net|income/(expenditure)|is|stated|after|charging/(crediting):|
|30.9.23|30.9.22|
|£|£|
|Depreciation|-|owned|assets|12,326|12,504|
|Hire|of|plant|and|machinery|4,668|6,046|
----- End of picture text -----
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
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||||||||
|---|---|---|---|---|---|---|
|30.9.23|30.9.22|
|Administration|2|2|
|No|employees|received|emoluments|in|excess|of £60,000.|
----- End of picture text -----
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continued...
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
| ie | COMPARATIVES FOR | THE STATEMENT | OF FINANCIAL ACTIVITIES | OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | |||
| funds | fund | fund | funds | |||
| £ | 5a | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | - | 10,225 | - | - | 10,225 | |
| Other trading activities | 334,569 | - | - | 334,569 | ||
| Investment income | 101 | - | - | 101 | ||
| Total | 344,895 | - | - | 344,895 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 190,386 | - | - | 190,386 | ||
| Charitable activities | ||||||
| Generating Funds | 93,195 | - | - | 93,195 | ||
| Charitable activities | 1,000 | - | - | 1,000 | ||
| Total | 284,581 | - | - | 284,581 | ||
| NET INCOME | 60,314 | - | - | 60,314 | ||
| RECONCILIATION OF | FUNDS | |||||
| Total funds brought forward | 203,272 | - | 25,000 | 228,272 | ||
| TOTAL FUNDS CARRIED FORWARD | 263,586 | - | 25,000 | 288,586 | ||
| 8. | TANGIBLE FIXED ASSETS | |||||
| Improvements | ||||||
| Freehold | to | Plant and | ||||
| property | property | machinery | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 October 2022 and | ||||||
| 30 September 2023 | 103,073 | 88,421 | 10,479 | 201,973 | ||
| DEPRECIATION | ||||||
| At 1 October 2022 | 10,668 | 78,600 | 3,933 | 93,201 | ||
| Charge for year | 1,524 | 9,821 | 981 | 12,326 | ||
| At 30 September 2023 | 12,192 | 88,421 | 4,914 | 105:527 | ||
| NET BOOK VALUE | ||||||
| At 30 September 2023 | 90,881 | - | 5,565 | 96,446 | ||
| At30September2022 | 92,405 | 9,821 | 6,546 | 108,772 |
Included in cost or valuation of land and buildings is freehold land of £72,593 (2022 - £72,593) which is not depreciated.
Page 11
continued...
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 30.9.23 | 30.9.22 | |||
| £ | £ | |||
| Trade debtors | 8,810 | - | ||
| Prepayments | 4,380 | - | ||
| 13,190 | - | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.9.23 | 30.9.22 | |||
| £ | £ | |||
| Other loans (see note 12) | 32,333 | 42,032 | ||
| Trade creditors | 6,893 | 12,239 | ||
| Social securityand other taxes | 848 | - | ||
| Other creditors | - | 3,000 | ||
| Accruals and deferred income | 9,550 | 2,717 | ||
| Accrued expenses | - | 1,050 | ||
| 49,624 | 61,038 | |||
| 141. | .CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | ||
| 30.9.23 | 30.9.22 | |||
| £ | £ | |||
| Other loans (see note 12) | - | 9,000 | ||
| 12. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 30.9.23 | 30.9.22 | |||
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Other loans | 32,333 | 42,032 | ||
| Amounts falling due between two and five years: | ||||
| Other loans - 2-5 years | - | 9,000 | ||
| 13. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.10.22 | in funds | 30.9.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 253,586 | (20,967) | 232,619 | |
| Revaluation reserve | 10,000 | - | 10,000 | |
| 263,586 | (20,967) | 242,619 | ||
| Restricted funds | ||||
| Restricted | 25,000 | - | 25,000 | |
| TOTALFUNDS | 288,586 | (20,967) | 267,619 |
Page 12
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MID DEVON TOWN AND COUNTRY SHOW SOCIETY
- MOVEMENT IN FUNDS - continued
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | oa | |
| Unrestricted funds | |||
| General fund | 309,390 | (330,357) | (20,967) |
| TOTAL FUNDS | 309,390 | (330,357) | (20,967) |
| Comparatives formovement in funds | |||
| Net | |||
| At | movement | At | |
| 1.10.21 | in funds | 30.9.22 | |
| £ | F | £ | |
| Unrestricted funds | |||
| General fund | 193,272 | 60,314 | 253,586 |
| Revaluation reserve | 10,000 | - | 10,000 |
| 203,272 | 60,314 | 263,586 | |
| Restricted funds | |||
| Restricted | 25,000 | - | 25,000 |
| TOTALFUNDS | 228,272 | 60,314 | 288,586 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | a | |
| Unrestricted funds | |||
| General fund | 344,895 | (284,581) | 60,314 |
| TOTALFUNDS | 344,895 | (284,581) | 60,314 |
Page 13
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MID DEVON TOWN AND COUNTRY SHOW SOCIETY
- MOVEMENT IN FUNDS - continued
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2023
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 1.10.21 | in funds | 30.9.23 | |
| ai | £ | E | |
| Unrestricted funds | |||
| General fund | 193,272 | 39,347 | 232,619 |
| Revaluation reserve | 10,000 | - | 10,000 |
| 203,272 | 39,347 | 242,619 | |
| Restricted funds | |||
| Restricted | 25,000 | - | 25,000 |
| TOTALFUNDS | 228,272 | 39,347 | 267,619 |
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 | |
| £ | e | £ | |
| Unrestricted funds | |||
| General fund | 654,285 | (614,938) | 39,347 |
| TOTALFUNDS | 654,285 | (614,938) | 39,347 |
14. RELATED PARTY DISCLOSURES
Mr P Lewis-Bending is a director at William Withers & Co Ltd. Mr W Withers is also a director at William Withers & Co Ltd, and a trustee of the charity. The examination has been carried out in accordance with the code of ethics set by the ICAEW and the guidance (CC32) set by the Charity Commission for England and Wales and steps have been taken to ensure the examination has been carried out in a wholly independent manner.
Page 14
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| FOR THE YEAR ENDED 30 SEPTEMBER 2023 | ||
| 30.9.23 | 30.9.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Patrons and member | 13,022 | 8,500 |
| Rent/grass keep | 1,800 | 1,725 |
| 14,822 | 10,225 | |
| Other trading activities | ||
| Entrance | 130,668 | 195,238 |
| Trade stands | 71,612 | 56,408 |
| Exhibitors | 13,772 | 16,142 |
| Sponsorship | 28,558 | 27,300 |
| Catalogues | 3;505 | 5,425 |
| Catalogue advertising | 4,665 | 1,870 |
| Food outlets | 30,583 | 24,575 |
| Hire ofgenerators & equipment | 8,744 | 7,611 |
| 292,107 | 334,569 | |
| Investment income | ||
| Deposit account interest | 2,461 | 101 |
| Total incoming resources | 309,390 | 344,895 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Tentage | 35,610 | 25,063 |
| Hire of Equipment | 46,454 | 34,274 |
| Security | 7,910 | 6,989 |
| Gate Tellers | 13,056 | 9,411 |
| Catalogues & booklets | 6,293 | 10,937 |
| Transport | 5,850 | 5,485 |
| Judges Expenses | 2,164 | 7,772 |
| Prizes and rosettes | 9,457 | 10,989 |
| First Aid | 3,500 | 5,305 |
| Other Attractions | 12,095 | 8,990 |
| Traffic management | 30,302 | 16,970 |
| Advertising | 19,683 | 8,588 |
| Show Ground Rent | 21,829 | 25,156 |
| Site Costs | 11,514 | 7,407 |
| Professional Fees | 5,207 | 4,341 |
| Members, Stewards evening | 1,445 | 1,803 |
| 232,369 | 189,480 | |
| Other trading activities | ||
| Bank loan interest | 949 | 906 |
| Charitable activities | ||
| Sundries | - | 96 |
| Carriedforward | - | 96 |
This page does not form part of the statutory financial statements
Page 15
MID DEVON TOWN AND COUNTRY SHOW SOCIETY
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| FOR THE YEAR ENDED 30 SEPTEMBER 2023 | ||
| 30.9.23 | 30.9.22 | |
| £ | £ | |
| Charitable activities | ||
| Broughtforward | ~ | 96 |
| Charitable Activities | 1,613 | - |
| Grants to individuals | 750 | 1,000 |
| 2,363 | 1,096 | |
| Support costs | ||
| Management | ||
| Office Salaries | 47,707 | 42,187 |
| Hire of plant and machinery | 4,668 | 6,046 |
| Insurance | 7,851 | 7,833 |
| Light and heat | 1,989 | 1,855 |
| Telephone | 2,044 | 2,264 |
| Office expenses | 11,921 | 11,345 |
| Freehold property | 1,524 | 1,524 |
| Improvements to property | 9,821 | 9,825 |
| Plant and machinery | 981 | 1,155 |
| 88,506 | 84,034 | |
| Finance | ||
| Bank charges | 6,170 | 9,065 |
| Total resources expended | 330,357 | 284,581 |
| Net(expenditure)/income | (20,967) | 60,314 |
This page does not form part of the statutory financial statements
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