Company registration number: 02867043 Charity registration number: 1029231
Mid Devon Town And Country Show Society
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 September 2025
Withers Steele Limited 6 Oaklands Court Tiverton Way Tiverton Devon EX16 6TG
iid Devon Town And Couniry Show Society
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Strategic Report | 2 |
| Trustees' Report | 3 to 5 |
| Independent Examiner's Report | 6 to 7 |
| Statement of Financial Activities | 8 to9 |
| Balance Sheet | 10 |
| NotestotheFinancialStatements | 11to14 |
Mid Devon Town And Country Show Society
| Reference and Administrative Details | Reference and Administrative Details |
|---|---|
| Chairman | AN Cottey |
| Secretary | E Ford |
| Charity Registration Number | 1029231 |
| Company Registration Number | 02867043 |
| Registered Office | 6 Oaklands Court |
| Tiverton Way | |
| Tiverton | |
| Devon | |
| EX166TG |
Page 1
Mid Devon Town And Country Show Society
Strategic Report for the Year Ended 30 September 2025
The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 30 September 2025, in compliance with s414C of the Companies Act 2006.
Achievements and performance
We have had another successful show with a record attendance and a very enjoyable day. Despite the record attendance the increase in costs has meant that the surplus for the year was less than that for the 2024 year.
The society has been able to support the local young farmers by sponsoring their exhibits at the show and provide travel grants to successfull young farmers as well as provide free entry to the show for all children. The policies and articles of association have all been reviewed to bring them in line with guidence from the Charity Commission.
To ensure the society funds are invested safely and provide a return, deposits have been arranged using the Flagstone Platform and thanks are due to the Honarary Treasurer for arranging this.
Thanks are due to the numerous volunteers that give their time and expertise to make the show such a success and provide support throughout the year.
Financial review
During the year the society provided a successfull show which resulted in a surplus for the year which has been added to the reserves.
Investment policy and objectives
The society aims to hold sufficient reserves to be able support the work of the charity for a minimum of three years should the annual event be cancelled due to unforseen circumstanes. The longer term objective is to build sufficient resreves to allow for the purchase of a suitable show site to ensure the future of the society.
The strategic report was approved by the trustees of the charity on 9 January 2026 and signed on its behalf by:
loz Fo, E Ford Company secretary
Page 2
Mid Devon Town And Country Show Society
Trustees’ Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors’ report of the charitable company for the year ended 30 September 2025.
Objectives and activities
Public benefit
The society was able to provide free entry to the 2025 show for all children to help their understanding of the agricultural industry and food producion. The society also was able to provide educational scholarships to sutable young farmers to enhance their knowledge and understanding.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Page 3
Mid Devon Town And Country Show Society
Trustees’ Report
Trustees:
Trustees: W J Withers (appointed 10 January 2025) L J Heywood (appointed 10 January 2025) M J Pring (resigned 10 January 2025) KM_ Todd AM Overhill R Lewis B D Mildon R HM Chanin A Short R Stagg (appointed 10 January 2025) P F Pugsley ME Daw S Norman (resigned 10 January 2025) R C Hopper R W Taylor R= Hill | L Pugsley M W Huxtable T Hamlin (resigned 10 January 2025) RE J Hamlin C L Heaven-Roberts E J Berry N Thomas RS Sweet C E Rowland Chairman: AN Cottey Secretary: E Ford
Page 4
Mid Devon Town And Country Show Society
Trustees’ Report
Structure, governance and management
Statement of trustees' responsibilities
The trustees (who are also the directors of Mid Devon Town And Country Show Society for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 9 January 2026 and signed on its behalf by:
Auz. Ferd
E Ford Company secretary
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Page 5
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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 2025.
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 the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. i confirm that i am qualified to undertake the examination because | am a member of ICAEW, which is one of the listed bodies.
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of Mid Devon Town And Country Show Society as required by section 386 of the 2006 Act; or
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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
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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 come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Peter Lewis-Bending ICAEW
Page 6
Mid Devon Town And Country Show Society
Independent Examiner's Report to the trustees of Mid Devon Town And Country Show Society (‘the Company’)
9 January 2026
Page 7
Mid Devon Town And Country Show Society
Statement of Financial Activities for the Year Ended 30 September 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Unrestricted funds |
Restricted funds |
Total 2025 |
||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Income and Endowments from: | ||||
| Donations and legacies | 3 | 10,244 | - | 10,244 |
| Other trading activities | 4 | 390,666 | - | 390,666 |
| Investment income | 5 | 6,790 | - | 6,790 |
| Total income | 407,700 | - | 407,700 | |
| Expenditure on: | ||||
| Raising funds | (251,290) | - | (251,290) | |
| Charitable activities | (1,877) | - | (1,877) | |
| Other expenditure | 6 | (100,750) | - | (100,750) |
| Total expenditure | (353,917) | - | (353,917) | |
| Net income | 53,783 | - | 53,783 | |
| Net movement in funds | 53,783 | - | 53,783 | |
| Reconciliation offunds | ||||
| Total funds brought forward | 315,167 | 25,000 | 340,167 | |
| Total funds carried forward | 368,950 | 25,000 | 393,950 | |
| Unrestricted | Restricted | Total | ||
| funds | funds | 2024 | ||
| Note | £ | £ | £ | |
| Income and Endowments from: | ||||
| Donations and legacies | 3 | 11,743 | - | 11,743 |
| Other trading activities | 4 | 379,367 | - | 379,367 |
| Investment income | 5 | 5,728 | - | 5,728 |
| Total income | 396,838 | - | 396,838 | |
| Expenditure on: | ||||
| Raising funds | (235,921) | - | (235,921) | |
| Charitable activities | (4,357) | - | (4,357) | |
| Other expenditure | 6 | (84,012) | - | (84,012) |
| Total expenditure | (324,290) | - | (324,290) | |
| Net income | 72,548 | - | 72,548 | |
| Netmovementinfunds | 72,548 | - | 72,548 |
The notes on pages 11 to 14 form an integral part of these financial statements.
Page 8
Mid Devon Town And Country Show Society
Statement of Financial Activities for the Year Ended 30 September 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | 2024 | ||
| Note | £ | £ | £ | |
| Reconciliation offunds | ||||
| Total funds brought forward | 242,619 | 25,000 | 267,619 | |
| Totalfundscarriedforward | 315,167 | 25,000 | 340,167 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note .
The notes on pages 11 to 14 form an integral part of these financial statements. Page 9
Mid Devon Town And Country Show Society
(Registration number: 02867043) Balance Sheet as at 30 September 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 8 | 102,885 | 99,265 |
| Current assets | |||
| Debtors | 9 | 50,728 | 864 |
| Cash at bank and in hand | 10 | 307,358 | 272,975 |
| 358,086 | 273,839 | ||
| Creditors: Amounts falling due within one year | 11 | (65,470) | (20,744) |
| Net current assets | 292,616 | 253,095 | |
| Total assets less current liabilities | 395,501 | 352,360 | |
| Creditors: Amounts failing due after morethan one year | 42 | (1,551) | (12,193) |
| Net assets | 393,950 | 340,167 | |
| Funds ofthe charity: | |||
| Restricted income funds | |||
| Restricted funds | 25,000 | 25,000 | |
| Unrestricted income funds | |||
| Unrestricted funds | 368,950 | 315,167 | |
| Totalfunds | 393,950 | 340,167 |
The financial statements on pages 8 to 14 were approved by the trustees, and authorised for issue on 9 January 2026 and signed on their behalf by:
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Chairman
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The notes on pages 11 to 14 form an integral part of these financial statements. Page 10
Mid Devon Town And Country Show Society
Notes to the Financial Statements for the Year Ended 30 September 2025
1 Charity status
The charity is limited by guarantee, incorporated in , and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
The address of its registered office is:
6 Oaklands Court
Tiverton Way Tiverton Devon EX16 6TG
2 Accounting policies
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Buldings 5% Straight line basis Improvements to property 11% Straight line basis Plant and machinery 15% Reducing balance
3. Income from donations and legacies
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| General | funds | |
| £ | £ | |
| Donations and legacies; | ||
| Patrons and members | 10,244 | 10,244 |
| Total for2025 | 10,244 | 10,244 |
| Totalfor2024 | 11,743 | 11,743 |
4 Income from other trading activities
Page 11
Mid Devon Town And Country Show Society
Notes to the Financial Statements for the Year Ended 30 September 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|
|funds|Total|
|General|funds|
|£|£|
|Trading|income;|
|Other|trading|income|390,666|390,666|
|Total|for 2025|390,666|390,666|
|Total|for 2024|379,367|379,367|
|5|Investment|income|
|Unrestricted|
|funds|Total|
|General|funds|
|£|£|
|Interest|receivable|and|similar|income;|
|Interest|receivable|on|bank|deposits|6,790|6,790|
|Total|for 2025|6,790|6,790|
|Total|for 2024|5,728|5,728|
|6|Other|expenditure|
|Unrestricted|
|funds|Total|
|General|funds|
|Note|£|£|
|Staff|costs|
|Wages|and|salaries|53,098|53,098|
|Depreciation,|amortisation|and|other|similar|costs|4,012|4,012|
|Allocated|support|costs|43,640|43,640|
|Total|for 2025|100,750|100,750|
|Total|for 2024|84,012|84,012|
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7 Staff costs
The aggregate payroll costs were as follows:
Page 12
Mid Devon Town And Country Show Society
Notes to the Financial Statements for the Year Ended 30 September 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Staff costs during the year were: | ||
| Wagesandsalaries | 53,098 | 46,658 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| 2025 | 2024 | |||
|---|---|---|---|---|
| No | No | |||
| Administration | 2 | 2 | ||
| No | employee received emoluments of more than £60,000 during the year. | |||
| 8 | Tangible fixed assets | |||
| Land and | Furniture and | |||
| buildings | equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At | 1 October2024 | 197,980 | 9,895 | 207,875 |
| Additions | - | 7,632 | 7,632 | |
| At | 30 September 2025 | 197,980 | 17,527 | 215,507 |
| Depreciation | ||||
| At | 1 October2024 | 102,861 | 5,749 | 108,610 |
| Charge for the year | 2,245 | 1,767 | 4,012 | |
| At | 30 September2025 | 105,106 | 7,516 | 112,622 |
| Net book value | ||||
| At | 30 September 2025 | 92,874 | 10,011 | 102,885 |
| At | 30September2024 | 95,119 | 4,146 | 99,265 |
Included within the net book value of land and buildings above is £87,830 (2024 - £89,354) in respect of freehold land and buildings and £5,044 (2024 - £5,765) in respect of leaseholds.
9 Debtors
Page 13
Mid Devon Town Ana Country Show Society
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Notes to the Financial Statements for the Year Ended 30 September 2025
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| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 18 | 864 |
| Prepayments | —50710 | |
| 50,728 | 864 | |
| 10 Cash and cash equivalents | ||
| 2025 | 2024 | |
| £ | £ | |
| Cash on hand | 1,650 | 921 |
| Cash at bank | 15,231 | 171,824 |
| Short-term deposits | 290,477 | 100,230 |
| 307,358 | 272,975 | |
| 11 Creditors: amounts falling due within one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Trade creditors | 50,850 | 6,891 |
| Other loans | 10,648 | 10,198 |
| Other taxation and social security | 2,397 | 2,020 |
| Accruals | 1,575 | 1,635 |
| 65,470 | 20,744 | |
| 12 Creditors: amounts falling due afterone year | ||
| 2025 | 2024 | |
| £ | £ | |
| Otherloans | 1,551 | 12,193 |
13 Related party disclosures
Mr P Lewis-Bending is a director at Withers Steele Chartered Accountants. Mr W Withers is also a director at Withers Steele Chartered Accountants, 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 2025
| Total | Total | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Income and Endowments from: | ||
| Donations and legacies (analysed below) | 10,244 | 11,743 |
| Othertrading activities (analysed below) | 390,666 | 379,367 |
| Investment income (analysed below) | 6,790 | 5,728 |
| Total income | 407,700 | 396,838 |
| Expenditure on: | ||
| Raising funds (analysed below) | (251,290) | (235,921) |
| Charitable activities (analysed below) | (1,877) | (4,357) |
| Other expenditure (analysed below) | (100,750) | (84,012) |
| Total expenditure | (353,917) | (324,290) |
| Net income | 53,783 | 72,548 |
| Net movement in funds | 53,783 | 72,548 |
| Reconciliation offunds | ||
| Total funds brought forward | 340,167 | 267,619 |
| Totalfundscarriedforward | 393,950 | 340,167 |
Page 15
Mid Devon Town And Country Show Society
Detailed Statement of Financial Activities for the Year Ended 30 September 2025
| Total | Total | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Donations andlegacies | ||
| Patrons and member | 10,244 | 11,743 |
| 10,244 | 11,743 | |
| Other trading activities | ||
| Entrance | 216,767 | 200,820 |
| Trade stands | 56,301 | 74,903 |
| Exhibitors | 23,854 | 20,260 |
| Sponsorship | 36,420 | 28,379 |
| Catalogues | 3,854 | 5,390 |
| Catalogue advertising | 3,643 | 2,065 |
| Food outlets | 36,387 | 35,856 |
| Hire ofgenerators & equipment | 11,590 | 9,894 |
| Rent/grass keep | 1,850 | 1,800 |
| 390,666 | 379,367 | |
| Investment income | ||
| Deposit account interest | 6,790 | 5,728 |
| 6,790 | 5,728 | |
| Raising funds | ||
| Tentage | (41,886) | (41,427) |
| Hire ofequipment | (51,602) | (43,058) |
| Security | (9,146) | (8,404) |
| Gate tellers | (11,314) | (11,432) |
| Catalogues & booklets | (25,347) | (24,426) |
| Transport | (6,750) | (6,275) |
| Judges expenses | (2,323) | (2,220) |
| Prizes and rosettes | (11,164) | (11,728) |
| First aid | (4,396) | (3,500) |
| Other attractions | (16,606) | (12,681) |
| Traffic management | (23,650) | (20,214) |
| Show office assistance | (1,837) | (1,009) |
| Show ground rent | (20,500) | (24,526) |
| Site costs | (18,615) | (17,545) |
| Professional fees | (5,697) | (6,328) |
| Loaninterest | (457) | (1,148) |
Page 16
Mid Devon Town And Country Show Society
Detailed Statement of Financial Activities for the Year Ended 30 September 2025
| Total | Total | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| (251,290) | (235,921) | |
| Charitable activities | ||
| Charitable activities | (1,877) | (4,357) |
| (1,877) | (4,357) | |
| Otherexpenditure | ||
| Wages and salaries | (53,098) | (46,658) |
| Light, heat and power | (1,921) | (1,999) |
| Insurance | (11,675) | (9,287) |
| Telephone and fax | (1,661) | (1,339) |
| Office expenses | (15,036) | (11,320) |
| Hire of plantand machinery (Operating leases) | (5,097) | (3,176) |
| Sundry expenses | (77) | (26) |
| Bank charges | (8,173) | (7,124) |
| Depreciation offreehold property | (1,524) | (1,527) |
| Depreciation ofimprovements to property | (721) | (721) |
| Depreciation of plant and machinery | (1,767) | (835) |
| (100,750) | (84,012) |
Page 17