mailes Goldie
CHARIERED ACCOUNfANTS
REGISTERED NUMBER:03243762
REGISTERED CHARITY NUMBER: 1068658
Driffield Agricultural Society
Unaudited Financial Statements
30 September 2024
SD-0216323-1-6
ICAEW
CHARTERED
ACCOVNTANT5

Driffield Agricultural Soclety
Contents of the Flnancial Statements
for the year onded 30 September 2024
Page
Report of the Trusteas
Indepéndent Examlnerfs Report
Statement of Flnanclal Actlvltlas
Balance Sheet
Notes to the Flnanclal Statements
10 to 20

Driffield Agrlcultural Society
Report of the Trustees
for the year ended 30 September 2024
The Irustees who are also directors of the charity for the purposes of the Companies Act 2006. present their
report wilh the financial statements of the charity for the year ended 30 September 2024. The Iruslees have
adopted the provisions of Accounting and Reporting by Charilies.. 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 activities of the charitable company in the year under review were those of the advancement of
the science and practise of agriculture. horticullure and kindred trades, professions and activities. To advance
education for the public benefit.
Ensurlng our work dellvers our alms
A Board of seven Directors meet on a regular basis. These Direclors are also the Truslees of the Society. The
Show Committee and Education Committee meet up to 4 times a year working on the activities of the Society.
Regular meetings enable the membership to be integral to the workings of the organisation. At the start of all
meetings a Director will give a report on Ihe health of the Society and all committee members will be kept up
lo date with Sociely based activity. This process helps to keep the Society focused on ils charitable objectives
and activities. The Board have referred to the guidance contained in the Charity Commission's general
guidance on public benefil when reviewing the aims and objectives. The Trustees consider how planned
activities contribute to the aims and objectives of the Society.
How our activltles dellver publlc beneflt and who beneflts from our 8eNices?
The Society runs a range of educational activities Ihal benefil both members of the Society, the public and
school children from a range of backgrounds. These indude the following:
'An evening with.. ' held in March 24, with guesl speaker Mark Atkinson from Atkinsons Action Horses
delivering an especially enlertaining talk on diversifying from dairy farming to horsemanship, with over
250 members and the public attending.
The Society's seventh Schools, Food and Faming Day hosted at the showground saw over 1,800 key
stage 2 children from approximately 45 schools from across the East Riding and Hull. Over 70
outdoor educational stands were set up for the day which allowed businesses and organisations to
interact with the children to tell the slory of food production and aspects of rural life. The event was
hailed a tremendous success. The society aims to run this aclivity again in 2025.
The Society held their second careers event titled Countryside Careers Evening for students from key
stage 3 upward. Parents and carers were also invited to the event, along with anyone interested in
career change. 50 businesses l exhibitors attended the event.
Education once again played an important part in the annual Driffield Show. which returned to a
traditional one-day format. Educalion aspects at the show this year included the Young Growers
Challenge and Honey Show, with lalks and demonstrations being held in the Horticullure tent.
Schools from across the East Riding took part in the Young Growers Challenge.
Ladies in Pigs provided food demonstrations in their mobile food theatre. The Livestock section gave
visitors Ihe opportunity to see cattle. sheep. pigs and horses up close along with the chance to speak
to liveslock exhibitors.
The agricultural demonslration area displayed an array of heavy farming machinery to the public
along with tutorials on cultivation practI￿S. The Countryside Area showcased gundogs in action and
also gave visitors the opportunity to try pond dipping. interspersed with fly fishing demonstrations
throughout the day.
Page 1

Driffield Agrlcultural Society
Report of the Trustees
for the year ended 30 September 2024
Throughout the year, the Society supports a wealth of local clubs, groups, and charities by subsidising
their showground rental and site equipment hire either in part or fully. The financial value of this support
equates to c. £30,000. A selection of beneficiaries are listed below:
Driffield Rugby Club consisting of..
Thirteen acres of field to use as five rugby pitches rent free
Sixteen acres of land for use each weekend during the season lo support parking
mini rugby vehides
Access to additional parking for key matches
Macmillan Cancer Christmas Fayre - subsidised rentals.
East Riding Young Farmers Club County offi￿ - peppercorn rental and subsidised room hire.
East Riding Railway Restoration Trust - subsidised rentals.
East Yorkshire Long Distance Walkers - subsidised rentals.
Driffield and District Scouts - subsidised rentals and free use of the field on available evenings.
3 x Annual Poultry Shows - subsidised renial - cancelled due to bird flu.
Local Food Network - free trade stand at the Driffield Show.
In summary, 110 local clubs and charitable groups supported, accessing over 1,028 fundraising items,
saving the charities over £8,000 in hire charges.
The Sociely's Chief Executive (outgoing Nov 2) is an appointed council member the Association of Shows
and Agricultural Organisations (ASAO), who plays an active role in the management team ensuring
Agricultur81 Societies are both represenled and supported by relevant bodies and Government. This has
proved beneficial to the Society.
Slgnificant activities
The main charitable event of the charity is the Driffield Agricultural Show, which was held on 17th July this
year. The Show brings logelher Ihe local farming, rural and urban communities together and promotes the
principal activity of the charitable company.
The Events Centre was completed in 2015 through the Charity's subsidiary Company, Driffield Showground
Events Limited. The aim of this facility is to generale income to both protect the Society from poor weather
costs al its main event (the Driffield Show) and also to further its charitable activities.
Grantmaklng
Whilst the Society do not offer grants. it holds a restricted fund to assist the annual delivery of four bursaries
to studenls from the Y025 postcode area.
The Focus of our work
The Society's objects are the advancement of the science and praciise of agricullure, horticulture and kindred
trades, professions and activities. To advance education for the public benefit. To further these objectives the
Society look to encourage and promote agricultural educalion, research and knowledge, transfer and enhance
the understanding of agriculture and land management practise amongst the wider populalion and, to
encourage and advance suslainabilily through responsible stewardship of land and related resources
consistent with the needs of fulure generations and thriving rural economy.
Volunteers
The charily relies heavily on volunteers, both members and non-members, and committee and nonwcommitlee
representatives. None of the members of the Board received any benefils from the charily during the year.
There were over 1.500 volunteer opportunities during the last financial year.
Page 2

Driffiald Agricultural Society
Report of the Trustees
for the year ended 30 September 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The main charitable activities of the charity were those of the advan￿ment of the science and practise of
agricultural, horticullure and kindred trades, professions and activities. To advance education for the public
benefit.
FINANCIAL REVIEW
Principal funding sources
The charity is funded by a bank currenl account. At ils core, the current account is designed for frequent use.
Unlike savings accounts, which are intended for accumulating funds over time. Ihe society current account is
all aboul accessibility and convenien￿.
Investment pollcy and objectives
The Agricullural Society maintains an adequate current account to meet its day-to4ay requirements.
The main Natwest account and other accounts used for the retention of this money are annually reviewed by
the Board and any changes to the CharIt￿S inveslments reviewed before the end of each term.
Re8erves policy
It has been agreed that the Society should in besl practice mainlain at least £150,000 in cash reserves. After
a period of consolidation and the significant impact of COVID-19, this fund now needs to be restored to a
working level. This will be achieved over a five year period. This will ensure the continued safe use of the
Society's facilities and rental resources, which will help prepare the Society for impactful events in future which
may inhibit the generation of profit Ihrough the cancellation of the annual show, educational events and any
other critical fundraising activity. As an example, this occurred with the fool and mouth outbreak in 2001, poor
weather during the summer of 2011 and 2012 and Ihe pandemic in 2020121.
The Society holds both restricted and unreslricled reserves. Delails of the restricted reserves are included in
note 21 to the financial stalement. Unrestricted reserves can be spent as and when deemed necessary by the
trustees, bul normally in Ihe pursuit of the Society's charitable objeclives and in line with current fundraising
practises.
The reserves policy will be reviewed annually by the Trustees of Ihe Society.
As at 30 September 2024 the Sociely held unrestricted reserves of £1,152,362 (2023.. £1,166,786) and
restricled reserves totalling £35,725 {2023 £40,818) see note 21.
Funds In deficlt
The charity has no funds in deficit.
General
The total income for the year amounted to £146.472 (2023.. £154,784). Resources expended in the year
amounled to £167,033 (2023.. £208,658). resulting in a net deficit for the year of £19,517 (2023.. £53,314) after
recognising unrealised gains on investments of £1.044 {2023: £560).
Future developments
During the year, the Society have moved forNard considerably with regards lo developing the facilities on their
showground through the wholly owned subsidiary, Driffield Showground Events Limited. Most of this work is
now complete with this forthcoming year's focus being to develop Ihe Driffield Show and its other events onsile
further.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Driffield Agricultural Society is governed by the Articles of Association of the company dated 29 August 1996.
latest amendment January 2018.
Page 3

Driffield Agricultural Society
Report of the Trustees
for the year ended 30 September 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Five Trustees were appointed at the initial Annual General Meeling (AGM) of the Sociely's membership on the
27 February 2018. Each will sit a five-year tenure. One trustee will terminate their tenure each year at the
AGM. Each year the members are sought to nominate a new Board member at the AGM. This cycle ensures
rotation whilst maintaining a good knowledge bank on the Board. The Chairman and Treasurer of the Society
get an automatic seat on the Board.
Organlsallonal structure
The charity has a Board which meet on a regular basis and are responsible for strategic direction and policy
decisions. A full time Chief Executive is supported by a part time Society Manager, a part lime Rental Manager
and an Accounts Manager to manage the day-to-day administrative affairs. The Society Treasurer has regular
input into the financial running of the organisalion.
Inducllon and tralnlng of new trustees
New trustees are briefed on their legal obligations under charity and company law, the contents of the Articles
of Association, the decision-making process and the current performance of the charity on joining the Board.
Trustees are encouraged to attend external training courses which will assist them in their role. Some
examples include..
Financial risk management.
Board evaluation.
Diversity, equality and indusion.
Strategic planning
Key management r•muneratlon
The Society's trustees and the senior managemenl leam comprise the key management personnel of the
sociely. All trustee's give their time freely and Iruslees, do not receive remuneration.
The pay of the salaried staff is reviewed annually and pay increases are assessed on a year-to-year basis
dependent upon average earnings and the performance of the society. The remuneration benchmark is the
range paid for similar roles wilhin a Society with the pay maximum no greater than Ihe highest benchmarked
salary for a comparable role.
Wider network
The charity operates solely from its Offi￿ in Driffield Showground.
Related partles
The charity has a 100°/0 interest in Driffield Showground Events Limited. The activity of Driffield Showground
Events Limited is the rental and organisation of non-charitable events on Ihe Driffield Showground. The charity
operates a current account with Driffield Showground Events Limiled.
Rlsk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error. A trustee (also
acting as Treasurer) inspects the accounts on a quarterfy basis and reports back to the Board. These systems
have been established to enable regular moniloring of these risks so thal their impact can be lessened. The
trustees met 8 times during 2024 to review Society activity.
A Risk Management Assessment has been written considering the strategic. operational, administrative, and
other areas of the business that is reviewed annually at Trustee level.
Page 4

Drlffield Agricultural Society
Report of the Trustees
for the year ended 30 September 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03243762 (England and Wales)
Registered Charity number
1068658
Registered office
Driffield Showground
Driffield Road
Kelleythorpe
Driffield
East Yorkshire
Y025 9FB
Trustees
P W Bradbury - Treasurer. annual appointmenl
Mrs F M Gilliat- Outgoing chair of the Board (resigned 13.2.2024)
S R W Rowley- Incoming chair of the Board
T J Burdass (appointed 13.2.2024)
G M Hamilton (appointed 13.2.2024)
M R Swann (resigned 13.2.2024)
Mrs S J Woodall
T E Richardson
S E Bradshaw
Company Secretary
T G Woodall
Independent Examiner
Smalles Goldie
Chartered Accountants
Regent's Court
Princess Slreel
Hull
East Yorkshire
HU2 88A
Bankers
Natwest Bank PIC
60 Market Place
Beverley
East Yorkshire
HU17 8AA
D R Tite was the chief executive offi￿r throughout the year. resigning in November 2024. T G Woodall was
subsequently appointed as chief executive officer, to whom the Society delegate day-to-day management.
Approved by order of the board of t£ustees on 6 December 2024 and signed on ils behalf by:
SRWRowley-
Page 5

Independent Examiner's Report to the Trustees of
Driffield Agrlcultural Society
Independent examinerfs report to the trustees of Driffield Agricultural Society ('the Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
30 September 2024.
Responsibilities and basls 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 independenl examination, I report in respect of my examination of your charily's
accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my
examination I have followed Ihe Directions given by Ihe Charity Commission under Seclion 145(5) (b) of the
2011 Act.
Independent examlnerfs statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
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
the accounts do not comply wilh the accounting requirements of Section 396 of the 2006 Act other Ihan
any requiremenl that the accounls give a true and fair view which is not a matter considered as parl of
an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Pfaclice for accounting and reporting by charities (applicable lo charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the accounts to be
reached.
S. T. Bramall, Bsc., FCA
Smalles Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA
6 December 2024
Page 6

Driffield Agricultural Society
Statement of Financial Activitles
for the year ended 30 September 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
funds
Notes
INCOME AND ENDOWMENTS FROM
Grants, donations and subscriptions
41,252
2,500
43,752
65,354
Charltable activities
Education activities
21.396
21.396
24,755
Fundraising activities
Investment income
5.507
70,808
3,925
1,084
9.432
71,892
9,205
55,470
Total
138,963
7,509
146,472
154,784
EXPENDITURE ON
Charitable activities
Agricultural Society
Education activities
Community share station
129,067
24,320
129,067
27,501
10,465
176,427
29,340
2,891
3,181
10,465
Total
153 387
167,033
208,658
Nel gains on investments
560
NET INCOMEI(EXPENDITURE)
(14,424)
(5,093)
(19,517)
(53,314)
RECONCILIATION OF FUNDS
Total funds brought forward
1,166,786
40,818
1,207,604
1,260,918
TOTAL FUNDS CARRIED FORWARD
1,152 362
1,188,087
1,207,604
The notes form part of these financial statements
Page 7

Driffield Agricultural Society
Balance Sheet
30 September 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
funds
Notes
FIXED ASSETS
Tangible assets
Investments
13
14
342,049
342,049
353,531
24,969
26,012
342,050
26,012
368,062
378,500
CURRENT ASSETS
Debtors
Cash at bank and in hand
15
944,272
6,466
944,272
948.975
1g,605
9,713
950,738
9,713
960,451
968,580
CREDITORS
Amounts falling due within one year
16
(50,680)
(50,680)
(43,530)
NET CURRENT ASSETS
900,058
9,713
909 771
925,050
TOTAL ASSETS LESS CURRENT
LIABILITIES
1.242.108
35,725
1,277,833
1,303,550
CREDITORS
Amounts falling due after more than one year 17
(89,746)
(89,746)
(95.946)
NET ASSETS
1152 362
35,725
1188 087
1,207,604
FUNDS
Unreslricted funds
Restricted funds
21
1,152,362
1,166,786
40,818
TOTAL FUNDS
1188,087
1,207,604
The charitable company is entitled lo exemplion from audit under Seclion 477 of the Companies Act 2006 for
the year ended 30 September 2024.
The members have not required the company to oblain an audit of its financial statements for the year ended
30 September 2024 in accordance with Section 476 of the Companies Acl 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
preparing financial statements which give a true and fair view of the state of affairs of the charilable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requiremenls of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 21KJ6 relating to financial statements. so far as applicable to the
charitable company.
(b)
The notes form part of these financial statements
Page 8
continued...

Driffield Agricultural Society
Balance Sheet- continued
30 September 2024
These financial statements have been prepared in accordan￿ with the provisions applicable to charitable
companies subject lo the small companies regime.
The financial statements were approved by the Board of Trustees and aulhorised for issue on
6 December 2024 and were signed on its behalf by..
P W Bradbury- Trustee
owley - Trustee
The notes form part of these financial statements
Page 9

Driffield Agricultural Society
Notes to the Financial Statements
for the year ended 30 September 2024
ACCOUNTING POLICIES
Basis of preparing the financlal statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance wilh the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance wilh the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2019),, Financial Reporting Slandard 102 'The Financial Reporting Slandard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention, with the exceplion of investments which are
included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charily has entitlement to the
funds, it is probable Ihat the income will be received and the amount can be measured reliably.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commitling
the charity to Ihat expenditure. it is probable Ihat 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 Ihal aggregate all cost related tothe category.
Where costs cannot be directly attribuled to particular headings they have been allocated to activities
on a basis consistent with the use of resources.
Governance costs
Governance costs include those costs incurred governing the charity and its, assels and are primarily
associated wilh conslitutional and statutory requirements.
Allocatlon and apportlonment of support costs
Support costs are those functions that assist the work of the society but do nol directly undertake
charitable activities. Support costs indude an element of personnel payroll and back office costs
allocated as governance costs which support the society's activities.
Tanglble flxed assets
Depreciation is provided at the following annual rates in order to write off each assel over its estimated
useful economic life:
Freehold land
Freehold buildings
Fixtures and fittings
Unrestricted
Restricted
not depreciated
2°/0 on cosl
10/0 on reducing balance
20Q/o on cost or length of project on project expenditure
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Fund accountlng
Unrestricted funds can be used in accordan￿ with the charitable objectives at the discretion of the
trustees. The restricted funds can only be used for speufic objectives as stipulated by the donor.
Legal status of the charftable company
The group is limited by guarantee and has no share capital. The liability of each member. in the event
of winding up. is limited to £10.
Life membershlp and corporate Subscriptions
Subscriptions received are credited to deferred income and released to income as follows:
Lrfe members under 60 - over 25 years
Life members over 60 - over 15 years
Corporate subscriptions - over 10 years
Page 10
continued...

Driffield Agricultural Society
Notes to the Financial Statements - continued
for the year ended 30 September 2024
ACCOUNTING POLICIES - continued
Operating lease rentals
Rentals paid under operating leases are charged to the statement of financial activities on a straight
line basis over the period of the lease.
Fixed asset Investments
Investments in subsidiaries are slated at cost less impairmenl. Listed investments are stated at fair
value.
Volunteers
The value of services provided by volunleers is nol incorporated in these financial statements. Details
of the contributions made by volunteers can be found in the Report of the Trustees.
GRANTS, DONATIONS AND SUBSCRIPTIONS
2024
2023
General donations
Member subscriptions - Annual renewal
Member subscriplions - Life membership
Grants
6,897
32,073
4,782
8,580
32,664
5.410
18,700
Grants received, included in the above. are as follows..
2024
2023
Local Growth Fund
18,700
FUNDRAISING ACTIVITIES
2024
2023
Fundraising - Santa's Sleigh
An evening wilh...
Next generation group
3,925
3,340
3,301
3,672
2,232
9,432
9,205
INVESTMENT INCOME
2024
2023
Rents received from Driffield Showground Events Limited
Dividends received
Interest received from Driffield Showground Events Limited
Deposit account interest
5,000
1,086
65,728
78
5,000
836
49.571
63
71,892
55,470
Page 11
continued...

Driffield Agricultural Society
Notes to the Financial Statements - contlnued
for the year ended 30 September 2024
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Educational events
21,396
24.755
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7)
Support
costs (see
note 8)
Totals
Agricultural Society
Education activities
Community share station
87.181
27,501
41,886
129,067
27.501
125 147
41,886
167,033
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Irrecoverable VAT
Sundries
Donations
General site show
An evening with.. costs
Next generation group
Rent
Travelling expenses
Repairs and maintenance
Depreciation
Education events
Bursaries
39,385
8,909
543
10,616
360
1,648
3,237
1,466
25
651
1,500
1,474
8,250
597
12,897
7,693
22,846
68,974
8,077
543
10,615
333
1,135
1,343
1,355
1,480
1,413
8,250
1,222
22,827
5,999
24,640
3,050
125.147
161,256
Page 12
continued...

Driffield Agricultural Society
Notes to the Flnancial Statements - continued
for the year ended 30 September 2024
SUPPORT COSTS
Governance
costs
Agricultural Society
Support costs, included in the above, are as follows..
Governance costs
2024
Agricultural
Society
2023
Total
8Ctivities
Staff costs
Insurance
Telephone
Postage and stationery
Rent
Accountancy
Subscriptions and training
Staff recruitment and advertising
Loan interest
Depreciation of tangible fixed assets
13,129
543
360
1,646
8,250
2,685
2,322
2,363
2,895
7,693
22,878
543
333
1,135
8,250
2,310
3,532
2,422
41,886
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is slated after chargingl{crediling)'.
2024
2023
Depreciation - owned assets
Operating lease rentals
15,386
16.500
11,997
16,500
10. TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or olher benefits for the year ended 30 September 2024 nor for
the year ended 30 September 2023.
Trustees. expenses
There were no truslees. expenses paid for the year erKled 30 September 2024 nor for the year ended
30 September 2023.
Page 13
continued...

Driffield Agrlcultural Society
Notes to the Flnancial Statements - continued
for the year ended 30 September 2024
11. STAFF COSTS
2024
2023
Wages and salaries
Social security costs
52,485
29
88,822
3,030
91,852
The average monthly number of employees during the year was as follows:
2024
2023
Groundsmen
Administration
Events
No employees received emoluments in excess of £60,000.
A proportion of the salary cost for 6 employees was recharged to the trading subsidiary company from
the parent charity in the year ended 30 September 2024 (2023.. 6).
12. COMPARATIVES FOR THE sTATEmE￿r OF FINANCIAL ACTIVITIES
Unreslricted Restricted
fund
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Grants, donalions and subscriptions
65,354
65,354
Charltable actlvltle8
Education aclivities
24,755
24,755
Fundraising aclivities
Investment income
5,904
54,634
3,301
836
9,205
55,470
Total
150,647
4,137
154,784
EXPENDITURE ON
Charitable actlvSties
Agricultural Society
Education activities
Community share slation
176.427
26.053
176,427
29,340
2,891
3,287
2,891
Total
202,480
6,178
208,658
Net gains on investments
560
560
NET INCOMEI(EXPENDITURE)
(51.833)
(1,481)
(53,314)
RECONCILIATION OF FUNDS
Total funds brought forward
1,218,619
42,299
1.260,918
TOTAL FUNDS CARRIED FORWARD
1,166,786
40,818
1,207,604
Page 14
continued.

Drlffield Agricultural Society
Notes to the Financial Statements - continued
for the year ended 30 September 2024
13. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Totals
COST
At 1 October 2023
Additions
Disposals
375,094
650
168,975
3,254
14,095)
544,069
3,904
14,095)
At 30 September 2024
158 134
533 878
DEPRECIATION
At 1 October 2023
Charge for year
Eliminated on disposal
70,930
3,859
119,608
11,527
14,095)
190,538
15,386
14,095)
At 30 September 2024
117,040
191829
NET BOOK VALUE
At 30 September 2024
300,955
41,094
342 049
At 30 September 2023
304,164
49,367
353,531
Included in cost or valuation of land and buildings is freehold land of £154,563 {2023 - £154,563) which
is not depreciated.
14. FIXED ASSET INVESTMENTS
Shares in
group
Listed
undertakings inveslmenls
Totals
COST I MARKET VALUE
Al 1 October 2023
Revaluations
24,969
1,044
24,970
At 30 September 2024
26,013
PROVISIONS
At 1 October 2023 and
30 September 2024
NET BOOK VALUE
At 30 September 2024
26,013
At 30 September 2023
24,969
24,969
There were no investment assets outside the UK.
Page 15
continued...

Drlffield Agricultural Society
Notes to the Financial Statements - continued
for the year ended 30 September 2024
14.
FIXED ASSET INVESTMENTS- contlnued
The company's investments at the balan￿ sheet date in the share capital of companies include the
following..
Drlffield Showground Events Limited
Registered office: Driffield Showground. Driffield Road, Kelleythorpe. Driffield, Y025 9FB
Nature of business: Rentals and organisation of events
Class of share..
Ordinary
holding
100
2024
2023
Aggregate capital and reser4es
Profit for the year
(446,810)
24,651
(471,460)
56,155
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
. 2023
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
2,034
938,113
944,850
944,272
948,975
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans (see note 18)
Other loans (see note 18)
Hire purchase (see note 19)
Trade creditors
Social security and other taxes
Deferred income
Accrued expenses
1,899
10,000
1,911
10,000
5,722
3,660
3,453
11,964
6,820
10,388
3,316
18,348
6,729
50,680
43,530
Page 16
ontinued...

Driffield Agricultural Soclety
Notes to the Financial Statements - continued
for the year ended 30 September 2024
17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Bank loans (see note 18)
Other loans (see note 18)
Deferred income - 1-5 years
Deferred income - over 5 years
15,185
34,000
16,516
24,045
17,072
44,000
13,289
21,585
89,746
95,946
Deferred Income
Deferred income includes the life members subscriptions which are released over 25 years for under
60 year old's, 15 years for over 60 year old's and 10 years for corporate memberships paid. The
movement is as follows..
2024
2023
Balance at the start of Ihe year
New life membership
Amounl released lo income
38,720
11,000
44,305
(5,585)
Balance at the end of the year
44,427
38,720
18. LOANS
An analysis of the maturity of loans is given below..
2024
2023
Amounts falling due within one year on demand..
Bank loan
NFU interesl free loan
1,899
10,000
1,911
10,000
11,899
11,911
Amounts falling between one and two years:
Bank loan
NFU interest free loan
1,899
11,000
2,325
12,899
12,325
Amounts falling due between and five years:
Bank loan
NFU interest free loan
5,697
23,000
5,319
34,000
28,697
39,319
Amounls falling due in more than five years:
Repayable by instalments:
Bank loan
7.589
9,428
All of the above loans are repayable by instalmenls.
Page 17
continued...

Driffield Agricultural Soclety
Notes to the Financial Statements- continued
for the year ended 30 September 2024
19.
LEASING AGREEMENTS
Minimum lease payments under hire purchase fall due as follows:
2024
2023
Nel obligations repayable..
Within one year
5,722
20. SECURED DEBTS
The following secured debts are included within credilors..
2024
2023
NFU interest free loan
Bank loan
44,000
17,084
54,000
18,983
61.084
72,983
21. MOVEMENT IN FUNDS
Nel
movement
in funds
At
1.10.23
At
30.9.24
Unrestrlcted fund8
General fund
1,166,786
(14,424)
1,152,362
Restrlcted funds
Rotary Bursary fund
Share Station
Meadley Bursary Fund
30,353
10.465
2,872
110,465)
2,500
33,225
40,818
TOTAL FUNDS
1,207,604
19,517)
1188 087
Net movement in funds, included in the above are as follows:
Incoming
reSoUr￿S
ReSoUr￿S
expended
Gains and Movement
losses
in funds
Unrestricted funds
General fund
138,963
{153,387)
(14,424)
Restrlcted funds
Rolary Bursary fund
Share Station
Meadley Bursary Fund
5.009
{3.181)
(10.465)
1,044
2,872
(10,465)
2,500
2,500
7,509
13,646
1,044
TOTAL FUNDS
146,472
167,033)
1.044
19,517)
Page 18
continued.

Driffield Agricultural Society
Notes to the Financial Statements - continued
for the year ended 30 September 2024
21.
MOVEMENT IN FUNDS - contlnued
Comparatives for movement in funds
Net
movement
in funds
At
1.10.22
At
30.9.23
Unrestricted funds
General fund
1,218,619
(51.833)
1,166,786
Restrlcted funds
Rotary Bursary fund
Share Station
28,943
13.356
1,410
2,891)
30,353
10,465
42,299
1.481
40,818
TOTAL FUNDS
1,260,918
53.314)
1,207,604
Comparative nel movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted funds
General fund
150.647
(202,480)
(51,833)
Restrlcted funds
Rotary Bursary fund
Share Station
4,137
(3.287)
560
1,410
4,137
6,178
560
1,481
TOTAL FUNDS
154.784
208,658)
560
53,314)
Restricted funds:
Rotary Bursary Fund
This fund was established on receipt of assets from the Rotary Club of
Driffield Trust Fund in 2021. The assets are specifically to be used to
provide up lo 4 bursaries per annum to students from a Y025 postcode
studying Agriculture. Carpentry, Medicine or Music at a further or higher
educalional establishment. One bursary is available each year per
subject on application lo the Society.
Share Station
This fund was established following the receipt of a grant awarded by
HEY Smile Foundation in 2022. The granl covers project costs to fund
the Share Station. a facilily for local voluntary groups and organisations
to share various equipment owned by the charity.
Meadley Bursary Fund
This fund was established following the receipt of a donation from Phil
Meadley in 2024. The fund will support four individuals annually to
further their training or experience within agriculture. Those receiving
funding musl have been born or reside within Ihe East Riding of
Yorkshire. the bursary is a maximum of £500 per year per individual
and can also be used tovRrds expenses when attending training or an
event. The bursary is open to all ages.
Page 19
continued...

Driffield Agricultural Society
Notes to the Financial Statements- contlnued
for the year ended 30 September 2024
22.
RELATED PARTY DISCLOSURES
The charitable company has a current account with its wholly ovmed subsidiary, Driffield Showground
Evenls Limited. As at 30 September 2024, the charitable company was owed £938,113 (2023..
£944,849) by its subsidiary. During the year, the charitable company charged rent of £5,000 (2023:
£5.000) and interest of £65,728 (2023: £49,571) to the subsidiary.
Page 20