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← Driffield Agricultural Society

2025-09-30-accounts

(x) Smailes Goldie a 4 CHARTERED ACCOUNTANTS

REGISTERED COMPANY NUMBER:03243762 REGISTERED CHARITY NUMBER: 1068658

Driffield Agricultural Society

Unaudited Financial Statements

30 September 2025

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WANNAAA $D-0220954-1-6

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Driffield Agricultural Society

Contents of the Financial Statements for the year ended 30th September 2025

Page
Reference and Administrative Details 1
Report oftheTrustees 2 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
NotestotheFinancialStatements 13 to 23

Driffield Agricultural Society

Reference and Administrative Details for the year ended 30th September 2025

TRUSTEES P W Bradbury - Treasurer, annual appointment S R W Rowley - Chair of the Board T J Burdass G M Hamilton Mrs S J Woodall (resigned 19.2.2025) T E Richardson (resigned 19.2.2025) S E Bradshaw Lord L A W H Nelson (appointed 19.2.2025) Mrs G Butler (appointed 19.2.2025)

COMPANY SECRETARY

T G Woodall

REGISTERED OFFICE Driffield Showground Driffield Road Kelleythorpe Driffield East Yorkshire YO25 9FB

REGISTERED COMPANY NUMBER

03243762 (England and Wales)

REGISTERED CHARITY 1068658 NUMBER

INDEPENDENT EXAMINER

BANKERS

Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA

Natwest Bank Plc 34 King Edward Street Hull HU1 3SS

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Page 1

Driffield Agricultural Society

Report of the Trustees for the year ended 30th September 2025

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 30th September 2025. 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). aeee

Chairman's introduction

As we reflect on another year in the life of Driffield Agricultural Society, | am proud to present our trustees’ report for the period ending 30 September 2025. Througha firm focus on controlling costs and strengthening rental income, we have continued to advance our commitment to education, agriculture, and community service.

This year has seen us welcome over 21,000 visitors to the Driffield Show, educate 1,800 schoolchildren about food and farming, and provide over £38,000 worth of support to local clubs and charities. These achievements stand as testament to the dedication of our volunteers, staff, and trustees who work tirelessly to advance our charitable mission.

a

Our mission

Driffield Agricultural Society exists to advance the science and practice of agriculture, horticulture and related industries, and to provide education for the public benefit. Everything we do is guided by these twin objectives.

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How we operate

Our governance structure ensures accountability and strategic direction:

This structure keeps us firmly focused on our charitable objectives while ensuring transparency and good governance. The Board has carefully considered the Charity Commission's guidance on public benefit in reviewing all our activities. NN$$

Page 2

Driffield Agricultural Society

Report of the Trustees

for the year ended 30th September 2025

OBJECTIVES AND ACTIVITIES OUR IMPACT IN 2025

Delivering Educational Excellence

Schools Food and Farming Day

Our flagship educational event welcomed 1,800 Key Stage 2 children from 47 schools across Hull and the East Riding. Over 70 outdoor educational stands brought the story of food production to life, allowing children to connect with farmers, growers, and rural businesses. The response from teachers and pupils alike was overwhelmingly positive, with many describing it as a transformative learning experience. We are committed to running this vital event again in 2026.

Countryside Careers Evening

Building on the success of our inaugural event, we hosted our second Countryside Careers Evening, opening doors for students from Key Stage 3 upwards, along with their parents, carers, and anyone considering a career change. With 50 businesses and exhibitors in attendance, the evening provided invaluable insights into the diverse career opportunities within agriculture and rural industries.

The Driffield Show

Our traditional one-day show returned on 17th July 2025, bringing together 21,000 visitors from farming, rural and urban communities. The show remains our primary charitable event, fulfilling our mission to educate, inspire and connect.

Educational highlights included:

Forestry Section

This standout addition showcased the vital role forestry plays in our rural economy and environment, featuring working demonstrations of modern equipment, chainsaw carving, and interactive exhibits on woodland management. Visitors gained newfound appreciation for this essential sector, with the area proving immensely popular across all age groups.

Wheat to Bread Education

This innovative hands-on experience traced the complete journey from field to table, allowing visitors to thresh wheat, grind grain into flour, and participate in bread-making demonstrations. The interactive approach successfully connected urban visitors with agricultural processes, with families gaining much deeper appreciation of food production.

Page 3

Driffield Agricultural Society

Report of the Trustees for the year ended 30th September 2025

Supporting Our Community

The Society's commitment to supporting local organisations extends far beyond our high-profile events. Throughout the year, we provided substantial support to community groups through subsidised or free use of our facilities.

Key Beneficiaries Include:

Driffield Rugby Club

Other Supported Groups:

The Driffield Share Station

Funded by the Horace-Taylor trust over the last 12 months, this innovative initiative continues to deliver exceptional value to our community. The 12-month project overview, below, demonstrates the transformative impact of this resource-sharing scheme.

Usage statistics:

Community Benefits:

The Share Station has enabled collaboration between local organisations, reduced waste through shared resources, and helped smaller groups without budgets host quality events. It strengthens community infrastructure and supports grassroots initiatives across the East Riding.

Page 4

Driffield Agricultural Society

Report of the Trustees for the year ended 30th September 2025

OBJECTIVES AND ACTIVITIES

VOLUNTEERS: THE HEART OF OUR SOCIETY

None of our achievements would be possible without volunteers. During the year, we created over 1,500 volunteer opportunities, filled by both members and non-members, committee representatives and publicspirited individuals who share our passion for agriculture and education.

These volunteers are the lifeblood of our organisation, giving their time, expertise and energy to ensure the Driffield Show, educational events, and community activities run smoothly. To every volunteer: thank you.

FINANCIAL REVIEW

Financial position

The year ending 30 September 2025 saw total income of £124,227 (2024 £147,516) and expenditure of £173,575 (2024 £167,033), resulting in a net deficit of £49,348 (2024 £19,517), the above income figures included unrealised gains on investment of £578 (2024 £1,044).

Reserves policy

Sound financial management remains a priority. The Board has established that the Society should aim to maintain cash reserves of at least £150,000 (net of bank and loan borrowings) to ensure:

Following the significant impact of COVID-19, we are working to restore reserves to this working level over a five-year period.

As of 30 September 2025, the Society held unrestricted and restricted reserves. Details of restricted reserves, including funds for student bursaries within the YO25 postcode, are outlined in the full financial statements.

Income Sources and Investment Policy

The Society maintains a NatWest current account designed for operational accessibility. All banking arrangements are reviewed annually by the Board, with any investment changes carefully considered.

The Events Centre

Completed in 2015 through our wholly-owned subsidiary, Driffield Showground Events Limited, the Events Centre generates income to protect the Society from weather-related losses at the Driffield Show and to support our charitable activities through non-charitable event rentals.

Page 5

Driffield Agricultural Society

Report of the Trustees

for the year ended 30th September 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Legal Structure

Driffield Agricultural Society is a registered charity (number 1068658) and a company limited by guarantee (number 03243762), governed by our Articles of Association dated 29 August 1996, as amended in January 2018.

Board of Trustees 2024-25

Trustee Recruitment and Development

Five trustees were initially appointed at the 2018 AGM, each serving a maximum five-year tenure. One trustee's tenure concludes each year at the AGM, with members invited to nominate new Board members. This rotation ensures fresh perspectives while maintaining institutional knowledge. The Chairman and Treasurer receive automatic seats on the Board.

New trustees receive comprehensive induction covering:

We actively encourage trustees to undertake relevant training in areas such as financial risk management, board evaluation, diversity and inclusion, and strategic planning.

Page 6

Driffield Agricultural Society

Report of the Trustees for the year ended 30th September 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Executive Management

Day-to-day operations are managed by our professional team:

All trustees serve voluntarily and receive no remuneration. Staff salaries are benchmarked annually against comparable roles within similar organisations.

ee

Related parties

The charity has a 100% interest in Driffield Showground Events Limited. The activity of Driffield Showground Events Limited is the rental and organisation of non-charitable events on the Driffield Showground. The charity operates a current account with Driffield Showground Events Limited.

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Risk management

The trustees take their duty of risk oversight seriously. We have implemented:

Page 7

Driffield Agricultural Society

Report of the Trustees

for the year ended 30th September 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

LOOKING AHEAD

As we move into the new financial year, our focus remains on:

  1. Developing the Driffield Show to ensure it continues to educate and inspire future generations

  2. | Growing our educational programmes to reach even more young people

  3. Restoring financial reserves to ensure long-term sustainability

  4. Continuing to support local clubs, charities and community groups

  5. Maximising the potential of our showground facilities through Driffield Showground Events Limited.

The appointment of new executive leadership presents an opportunity to refresh our approach while building on strong foundations.

Driffield Agricultural Society is a registered charity dedicated to advancing agriculture, horticulture and education for the public benefit. For more information, visit our showground or contact us through our registered office.

The trustees (who are also directors of Driffield Agricultural Society for the purposes of company law) are responsible for preparing the Trustees’ Report.

Approved by order of the board of trustees on 5th December 2025 and signed on its behalf by:

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S RW Rowley - Trustee
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Page 8

Independent Examiner's Report to the Trustees of Driffield Agricultural Society

Independent examiner's report to the trustees of Driffield Agricultural Society (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 30th 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

| have completed my examination. | confirm that no matters have come to my attention in connection with the

examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. 2 the accounts do not accord with those records; or

  3. 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

  4. 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.

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SprT
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Smailes Goldie

Chartered Accountants

Regent's Court Princess Street Hull East Yorkshire HU2 8BA

5th December 2025

Page 9

Driffield Agricultural Society

Statement of Financial Activities for the year ended 30th September 2025

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |Notes|£|£|£|52| |INCOME|AND|ENDOWMENTS|FROM| |Grants,|donations and|subscriptions|2|38,894|2,500|41,394|43,754| |Charitable|activities|5| |Education|activities|29,204|”|29,204|21,396| |Fundraising|activities|3|-|2,471|2,471|9,432| |Investment income|4|49,356|1,224|50,580|71,890| |Total|117,454|6,195|123,649|146,472| |EXPENDITURE|ON| |Charitable|activities|6| |Agricultural|Society|144,918|116|145,034|129,067| |Education|activities|24,991|3,550|28,541|27,501| |Community|share|station|-|-|-|10,465| |Total|169,909|3,666|173,575|167,033| |Net gains on|investments|-|578|578|1,044| |NET INCOME/(EXPENDITURE)|(52,455)|3,107|(49,348)|(19,517)| |RECONCILIATION|OF|FUNDS| |Total|funds|brought forward|1,152,362|35,725|1,188,087|1,207,604| |TOTAL FUNDS|CARRIED FORWARD|1,099,907|38,832|1,138,739|1,188,087|

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The notes form part of these financial statements

Page 10

Driffield Agricultural Society

Balance Sheet

30th September 2025

2025 2024
Unrestricted
funds		 Restricted
funds		 Total
funds		 Total
funds
FIXED ASSETS Notes £ £ £ £
Tangible assets
Investments		 13
14		 608,109
-		 -
26,590		 608,109
26,590		 342,049
26,012
608,109 26,590 634,699 368,061
CURRENTASSETS ,
Debtors
Cash atbankand in hand		 15 595,006
10,756		 -
12,242		 595,006
22,998		 944,272
16,179
605,762 12,242 618,004 960,451
CREDITORS ‘ .
Amounts falling duewithin oneyear 16 (42,237) - (42,237) (50,680)
NETCURRENTASSETS 563,525 12,242 575,767 909,771
TOTAL ASSETS LESS CURRENT
LIABILITIES 1,171,634 38,832 1,210,466 1,277,832
CREDITORS
Amounts fallingdue aftermorethan one year 17 (71,727) - (71,727) (89,745)
NETASSETS 1,099,907 38,832 1,138,739 1,188,087
FUNDS 20
Unrestricted funds
Restricted funds		 1,099,907
38,832		 1,152,362
35,725
TOTALFUNDS 1,138,739 1,188,087

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements :

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Driffield Agricultural Society

Balance Sheet - continued 30th September 2025

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 5th December 2025 and were signed on its behalf by:

P WAlolecd.Bradbury - Trustee S RW Rowley -a

The notes form part of these financial statements

Page 12

Driffield Agricultural Society Notes to the Financial Statements for the year ended 30th September 2025

  1. 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 Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

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.

Governance costs

Governance costs include those costs incurred governing the charity and its' assets and are primarily associated with constitutional and statutory requirements.

Allocation and apportionment of support costs

Support costs are those functions that assist the work of the society but do not directly undertake charitable activities. Support costs include an element of personnel payroll and back office costs allocated as governance costs which support the society's activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life:

Freehold land - not depreciated Freehold buildings - 2% on cost Fixtures and fittings Unrestricted - 10% on reducing balance Restricted - 20% on cost or length of project on project expenditure

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. The restricted funds can only be used for specific objectives as stipulated by the donor.

Legal status of the charitable 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 membership and corporate subscriptions

Subscriptions received are credited to deferred income and released to income as follows: Life members under 60 - over 25 years Life members over 60 - over 15 years Corporate subscriptions - over 10 years

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Driffield Agricultural Society

Notes to the Financial Statements - continued

for the year ended 30th September 2025

1. 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 stated at cost less impairment. Listed investments are stated at fair value.

Volunteers

The value of services provided by volunteers is not incorporated in these financial statements. Details of the contributions made by volunteers can be found in the Report of the Trustees.

2.

GRANTS, DONATIONS AND SUBSCRIPTIONS

2. GRANTS, DONATIONS AND SUBSCRIPTIONS
2025 2024
£ £
General donations 8,415 6,897
Member subscriptions -Annual renewal 28,720 32,075
Member subscriptions - Life membership 4,259 4,782
41,394 43,754
3. FUNDRAISING ACTIVITIES
2025 2024
£ £
Fundraising - Santa's Sleigh 2,471 3,925
An evening with... - 3,340
Next generation group - 2,167
2,471 9,432
4. INVESTMENTINCOME 2025 2024
£ £
Rents received from Driffield Showground Events Limited 6,000 5,000
Dividends received 1,224 1,084
Interest received from Driffield Showground Events Limited 43,241 65,728
Deposit account interest 115 78
50,580 71,890

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Driffield Agricultural Society

Notes to the Financial Statements - continued for the year ended 30th September 2025

5. INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES
2025 2024
Activity £ £
Educational events Education activities 29,204 21,396
6. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7) note 8) Totals
£ £ £
Agricultural Society
Education activities		 104,390
28,541		 40,644
-		 145,034
28,541
132,931 40,644 173,575
A DIRECT COSTS OF CHARITABLE ACTIVITIES
2025 2024
£ £
Staffcosts 36,010 39,385
Rates and water 15,914 8,909
Insurance 543 543
Light and heat 7,903 10,616
Telephone 60 360
Postage and stationery 1,770 1,648
Irrecoverable VAT
Sundries
Donations		 4,583
2,445
-		 3,237
1,466
25
General site show 2,909 651
An evening with... costs - 1,500
Next generation group
Rent		 693
8,620		 1,474
8,250
Travelling expenses 183 597
Repairs and maintenance
Depreciation		 11,985
10,772		 12,897
7,693
Education events
Bursaries		 24,991
3,550		 22,846
3,050
132,931 125,147

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Driffield Agricultural Society

Notes to the Financial Statements - continued for the year ended 30th September 2025

8. SUPPORT COSTS

Agricultural Society

Governance costs £ 40,644

Support costs, included in the above, are as follows:

Governance costs

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |Agricultural|Total| |Society|activities| |£|£| |Staff|costs|9,002|13,129| |Insurance|543|543| |Telephone|60|360| |Postage|and|stationery|1,770|1,646| |Rent|8,620|8,250| |Accountancy|2,975|2,685| |Legal|and|professional|750|-| |Subscriptions|and|training|1,819|2,322| |Staff|recruitment|and|advertising|1,677|2,363| |Bank|charges|and|loan|interest|2,655|2,895| |Depreciation|of tangible|fixed|assets|10,773|7,693| |40,644|41,886| |9.|NET|INCOME/(EXPENDITURE)| |Net|income/(expenditure)|is|stated|after|charging/(crediting):| |2025|2024| |£|e| |Depreciation|- owned|assets|21,545|15,386| |Operating|lease|rentals|17,240|16,500|

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10. _TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th September 2025 nor for the year ended 30th September 2024.

Trustees’ expenses

There were no trustees' expenses paid for the year ended 30th September 2025 nor for the year ended 30th September 2024.

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Driffield Agricultural Society Notes to the Financial Statements - continued

for the year ended 30th September 2025

  1. STAFF COSTS

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Wages|and|salaries|45,012|52,485| |Social|security|costs|-|29| |45,012|52,514| |The|average|monthly|number|of employees|during|the|year was|as|follows:| |2025|2024| |Groundsmen|2|2| |Administration|4|3| |Events|__1||| |mm!|__6|

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No employees received emoluments in excess of £60,000.

A proportion of the salary cost for 7 employees was recharged to the trading subsidiary company from the parent charity in the year ended 30 September 2025 (2024: 6).

12. _COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |INCOME|AND|ENDOWMENTS|FROM| |Grants,|donations|and|subscriptions|41,254|2,500|43,754| |Charitable|activities| |Education|activities|21,396|-|21,396| |Fundraising|activities|5,507|3,925|9,432| |Investment|income|70,806|1,084|71,890| |Total|138,963|7,509|146,472| |EXPENDITURE|ON| |Charitable|activities| |Agricultural|Society|129,067|-|129,067| |Education|activities|24,320|3,181|27,501| |Community|share|station|-|10,465|10,465| |Total|153,387|13,646|167,033| |Net|gains|on|investments|:|1,044|1,044| |NET INCOME/(EXPENDITURE)|(14,424)|(5,093)|(19,517)| |RECONCILIATION|OF|FUNDS| |Total|funds|brought forward|1,166,786|40,818|1,207,604|

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Driffield Agricultural Society

Notes to the Financial Statements - continued for the year ended 30th September 2025

12. COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 1,152,362 35,725 1,188,087
13. TANGIBLE FIXED ASSETS
Fixtures
Freehold
property		 and
fittings		 Totals
£ a £
COST
At 1stOctober2024 375,744 158,134 533,878
Additions
Disposals		 272,250
-		 15,355
(8,646)		 287,605
(8,646)
At30th September 2025 647,994 164,843 812,837
DEPRECIATION
At 1stOctober 2024 74,789 117,040 191,829
Charge foryear
Eliminated on disposal		 11,652
-		 9,893
(8,646)		 21,545
(8,646)
At30th September 2025 86,441 118,287 204,728
NET BOOKVALUE
At30th September 2025 561,553 46,556 608,109
At 30th September 2024 300,955 41,094 342,049
Included in cost orvaluation ofland and buildings is freehold land of£154,563 (2024 - £154,563) which
is not depreciated.
14. FIXEDASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£ £ £
COST / MARKET VALUE
At 1stOctober 2024 1 26,012 26,013
Revaluations - 578 578
At30th September 2025 1 26,590 26,591
PROVISIONS
At 1st October 2024 and
30th September 2025 1 - 1
NET BOOKVALUE
At 30th September 2025 - 26,590 26,590
At30thSeptember2024 - 26,012 26,012

There were no investment assets outside the UK.

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:

Driffield Agricultural Society

Notes to the Financial Statements - continued for the year ended 30th September 2025

  1. FIXED ASSET INVESTMENTS- continued

The company's investments at the balance sheet date in the share capital of companies include the following:

Driffield Showground Events Limited

Registered office: Driffield Showground, Driffield Road, Kelleythorpe, Driffield, YO25 9FB Nature of business: Rentals and organisation of events

%
Class of share: holding
Ordinary 100
2025 2024
£ £
Aggregate capital and reserves
Profit for the year		 (365,988)
87,708		 (453,696)
17,764
DEBTORS:AMOUNTSFALLINGDUEWITHINONEYEAR
2025 2024
£ £
Trade debtors 160 2,034
Amounts owed by group undertakings 588,492 938,113
Prepayments and accrued income 6,354 4,125
595,006 944,272

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 2024
£ £
Bank loans and overdrafts (see note 18) 2,500 1,899
Other loans (see note 18) 11,000 10,000
Trade creditors 1,320 10,388
Social securityand othertaxes 3,246 3,316
Deferred income 17,971 18,348
Accrued expenses 6,200 6,729
42,237 50,680

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Driffield Agricultural Society

Notes to the Financial Statements - continued for the year ended 30th September 2025

17. CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR
2025 2024
£ £
Bank loans (see note 18) 12,489 15,185
Otherloans(seenote18) 23,000 34,000
Deferred income - 1-5 years 13,023 16,515
Deferred income - over 5 years 23,215 24,045
71,727 89,745

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:

movement is as follows:
2025 2024
£ £
Balance at the start ofthe year
New life membership
Amount released to income		 44,927
(1,000)
(4,258)		 38,720
11,000
(4,793)
Balance at the end ofthe year 39,669 44,927
18. LOANS
An analysis of the maturity ofloans is given below:
2025 2024
£ £
Amounts falling due within one year on demand:
Bank loan 2,500 1,899
NFU interest free loan 11,000 10,000
13,500 11,899
Amounts falling between one and two years:
Bank loan 2,250 1,899
NFU interest free loan 11,000 11,000
13,250 12,899
Amounts falling due between two and five years:
Bank loan 6,500 5,697
NFU interest free loan 12,000 23,000
18,500 28,697
Amounts falling due in more than five years:
Repayable by instalments:
Bank loan		 3,739 7,589
Alloftheaboveloansarerepayablebyinstalments.

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continued...

Driffield Agricultural Society

Notes to the Financial Statements - continued for the year ended 30th September 2025

  1. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£ £
NFU interest free loan 34,000 44,000
Bank loan 14,989 17,084
48,989 61,084
20. MOVEMENT IN FUNDS
Net Transfers
At
1.10.24		 movement
in funds		 between
funds		 At
30.9.25
£ 3 £ £
Unrestricted funds
General fund 1,152,362 (52,455) (10,000) 1,089,907
Site maintenance reserve - - 10,000 10,000
Restricted funds 1,152,362 (52,455) - 1,099,907
Rotary Bursary fund 33,225 606 - 33,831
Meadley Bursary Fund 2,500 2,501 - 5,001
35,725 3,107 - 38,832
TOTALFUNDS 1,188,087 (49,348) - 1,138,739
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 117,454 (169,909) - (52,455)
Restricted funds
Rotary Bursary fund 3,694 (3,666) 578 606
Meadley Bursary Fund 2,501 - - 2,501
6,195 (3,666) 578 3,107
TOTALFUNDS 123,649 (173,575) 578 (49,348)

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Driffield Agricultural Society

Notes to the Financial Statements - continued

for the year ended 30th September 2025

20. MOVEMENT IN FUNDS- continued

Comparatives for movement in funds

Net
At movement At
1.10.23 in funds 30.9.24
£ £ £
Unrestricted funds
General fund 1,166,786 (14,424) 1,152,362
Restricted funds
Rotary Bursary fund 30,353 2,872 33,225
Share Station 10,465 (10,465) -
Meadley Bursary Fund - 2,500 2,500
40,818 (5,093) 35,725
TOTALFUNDS 1,207,604 (19,517)_1,188,087

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ Ee
Unrestricted funds
General fund 138,963 (153,387) - (14,424)
Restricted funds
Rotary Bursary fund
Share Station		 5,009
-		 (3,181)
(10,465)		 1,044
-		 2,872
(10,465)
Meadley Bursary Fund 2,500 - - 2,500
7,509 (13,646) 1,044 (5,093)
TOTALFUNDS 146,472 (167,033) 1,044 (19,517)

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Driffield Agricultural Society

Notes to the Financial Statements - continued

for the year ended 30th September 2025

  1. MOVEMENT IN FUNDS- continued

Designated funds:

Site maintenance reverse During 2025, the trustees made a decision to designate £10,000 to a reserves for major capital expenditure projects expected within the foreseeable future.

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 to 4 bursaries per annum to students from a YO25 postcode studying Agriculture, Carpentry, Medicine or Music at a further or higher educational establishment. One bursary is available each year per subject on application to the Society.

Share Station This fund was established following the receipt of a grant awarded by HEY Smile Foundation in 2022. The grant covers project costs to fund the Share Station, a facility 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. A further donation of £2,500 was received during 2025. The fund will support four individuals annually to further their training or experience within agriculture. Those receiving funding must have been born or reside within the East Riding of Yorkshire, the bursary is a maximum of £500 per year per individual and can also be used towards expenses when attending training or an event. The bursary is open to all ages.

Meadley Bursary Fund

  1. RELATED PARTY DISCLOSURES

The charitable company has a current account with its wholly owned subsidiary, Driffield Showground Events Limited. As at 30 September 2025, the charitable company was owed £588,492 (2024: £938,113) by its subsidiary. During the year, the charitable company charged rent of £6,000 (2024: £5,000) and interest of £43,241 (2024: £65,728) to the subsidiary. In addition, the charitable company purchased a building from the subsidiary during the year at a cost of £272,250.

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