2023-07-31-accounts - Staffordshire& Birmingham Agricultural Society

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							Page
Trustees' report							1-8
Auditors' report							9-12
Consolidated	statement	offinancial		activities			13
Statement of	financial activities						14
Consolidated	balance sheet						15
Balance sheet							16
Consolidated	statement	ofcash	flows				17
Statement of	cash flows						18
Notes to the consolidated		financial statements					19-33
The following	pages do not form		part	ofthe	statutory	accounts:
General income and expenditure			account
English Winter	Fair income and expenditure				account		35
County Show income and		expenditure		account			36

Company	Information
Directors		R Madders
		M Thompstone
		N Edge (Resigned 24'" November			2022)
		C Meynell
		M J Williams
		M R Heenan
		Mr A G Parrott (Appointed		24'"	November	2022)
Secretary	&Chief Executive	R C Williams
Company	number	03682748 (England	&Wales)
Charity number		1073166
Registered	Office	The County Showground
		Weston Road
		Stafford
		ST18OBD
Auditors		Dyke Yaxley Limited
		1Brassey Road
		Old Potts Way
		Shrewsbury
		Shropshire
		SY3 7FA
Accountants		Deans
		Gibson House
		Hurricane Court
		Hurricane Close
		ST161GZ
Bankers		National Westminster
		Greengate Street
		Stafford
Solicitors		Knights
		The Brampton
		Newcastle-under-Lyme
		Staffordshire
		STS OQW

							Unrestricted	Restricted	Total	Total
						Note	Funds	Funds	2023	2022
Income from:
Donations and		voluntary	income				37,430		37,430	48,040
Charitable activities							478,804		478,804	738,273
Other trading		activities for generating			funds		1,392,510		1,392,510	1,118,054
Investments							8,739		8,739	289
Other							9,915		9,915	6,909
Profit on disposal oftangible				fixed assets						349,447
Totalincorne							1,927,398		1,927,398	2,261,012
Expenditure on:
Raising funds							1,390,205		1,390,205	1,086,992
Charitable activities							443,971		443,971	636,282
Other							57,981		57,981	39,257
Total expenditure							1,892,157		1,892,157	1,762,531
Net income / (expenditure)							35,241		35,241	498,481
Transfers between		funds
Other recognised	gains/(losses)
Depreciation	on revaluation			offixed	assets		(464,734)		(464,734)	(464,734)
Net movement in	funds						(429,493)		(429,493)	33,747
Reconciliation offunds:
Total funds brought		forward					20,992,063		20,992,063	20,958,316
Total funds carried		forward				13	20,562,570		20,562,570	20,992,063

							Unrestricted	Restricted	Total	Total
						Note	Funds	Funds	2023	2022
Income from:
Donations and		voluntary	income				149,600		149,600	99,790
Charitable activities							478,804		478,804	738,273
Other trading		activities for generating			funds		114,789		114,789	69,035
Investments							88,739		88,739	40,789
Other							9,915		9,915	6,909
Profit on disposal oftangible				fixed assets						349,447
Total income							841,847		841,847	1,304,243
Expenditure on:
Raising funds							216,486		216,486	174,143
Charitable activities							451,974		451,974	652,782
Other							57,981		57,981	39,257
Total expenditure							726,441		726,441	866,182
Net income / (expenditure)							115,406		115,406	438,061
Transfers between		funds
Other recognised	gains/(losses)
Depreciation	on revaluation			of fixed	assets		(464,734)		(464,734)	(464,734)
Net movement in	funds						(349,328)		(349,328)	(26,673)
Reconciliation offunds:
Total funds brought		forward					20,879,891		20,879,891	20,906,564
Total funds carried		forward				13	20,530,563		20,530,563	20,879,891

		Notes	Unrestricted	Restricted	Total	Total
			Funds	Funds	2023	2022
Fixed assets
Tangible assets		9b	19,441,754		19,441,754	19,963,784
Current assets
Debtors			101,320		101,320	54,458
Cash at bank			1,172,877		1,172,877	1,072,176
			1,274,197		1,274,197	1,126,634
Creditors: amounts	falling due
within one year		12	(153,381)		(153,381)	(98,355)
Net current assets			1,120,816		1,120,816	1,028,279
Total assets less current		liabilities	20,562,570		20,562,570	20,992,063
Net assets			20,562,570		20,562,570	20,992,063
Represented by:
Unrestricted	funds	13	4,619,700		4,619,700	4,584,459
Revaluation	reserve	13	15,942,870		15,942,870	16,407,604
			20,562,570		20,562,570	20,992,063

		Notes	Unrestricted	Restricted	Total	Total
			Funds	Funds	2023	2022
Fixed assets
Tangible assets		9a	19,441,754		19,441,754	19,963,784
Investments		10	2		2	2
			19,441,756		19,441,756	19,963,786
Current assets
Debtors			14,136		14,136	5,924
Cash at bank			1,127,002		1,127,002	963,200
			1,141,138		1,141,138	969,124
Creditors: amounts	falling due
within one year		12	(52,331)		(52,331)	(53,019)
Net current assets			1,088,807		1,088,807	916,105
Total assets less current		liabilities	20,530,563		20,530,563	20,879,891
Net assets			20,530,563		20,530,563	20,879,891
Represented by:
Unrestricted	funds	13	4,587,693		4,587,693	4,472,287
Revaluation	reserve	13	15,942,870		15,942,870	16,407,604
			20,530,563		20,530,563	20,879,891

					Year ended		Year ended
			Note		31July 2023		31July 2022
Net cash flows from operating activities					146,587		240,384
Cash flow from investing activities
	Payments to acquire tangible	assets		(54,125)		(35,301)
	Proceeds from sale ofassets					594,100
	Interest received			8,239		289
Net	cash flows from investing activities				(45,886)		559,088
Cash flow from financing activities
	New Loans in the year
	Repayment of long term loan					(293,835)
	Interest paid					(5,098)
	Repayment of hire purchase	liabilities
Net	cash flows from financing activities						(298,933)
Net	increase/(decrease) in cash and cash equivalents				100,701		500,539
Cash and cash equivalents at the start ofthe year					1,072,176		571,637
Cash and cash equivalents at the end ofthe year					1,172,877		1,072,176
					Year ended		Year ended
					31July 2023		31July 2022
1	Cash enerated from o erations				E		E
	Net movement in funds				(429,493)		33,747
	Building society interest received				(8,239)		(289)
	Bank loan interest paid						5,098
	Depreciation charge oftangible assets				576,155		565,451
	Profit on disposal ofassets						(349,447)
	(Increase) / decrease in debtors				(46,862)		37,062
	Increase/(decrease) in creditors				55,026		(51,238)
					146,587		240,384
				At 1August	Cash	Other non	At 31July
				2022	Flows	cash changes	2023
				E	E	E	E
	2 Anal sis of Chan es in net debt
	Cash and cash Equivalents
	Cash			1,072,176	100,701		1,172,877
	Total			1,072,176	100,701		1,172,877

					Year ended		Year ended
			Note		31July 2023		31July 2022
Net	cash flows from operating activities				209,688		166,450
Cash flow from investing		activities
	Payments to acquire	tangible assets		(54,125)		(35,301)
	Proceeds from sale ofassets					594,100
	Interest received			8,239		289
Net	cash flows from investing activities				(45,886)		559,088
Cash flow from financing		activities
	Other support costs
	Repayment of long term loan					(293,835)
	Interest paid					(5,098)
Net	cash flows from financing activities						(298,933)
Net	increase/(decrease) in cash and cash equivalents				163,802		426,605
Cash and cash equivalents		at the start ofthe year			963,200		536,595
Cash and cash equivalents		at the end ofthe year			1,127,002		963,200
					Year ended		Year ended
					31July 2023		31July 2022
1	Cash enerated from o erations				E		E
	Net movement in funds				(349,328)		(26,673)
	Building society interest received				(8,239)		(289)
	Bank loan interest paid						5,098
	Depreciation charge	oftangible assets			576,155		565,451
	Profit on disposal of	tangible fixed assets					(349,447)
	(Increase) / decrease	in debtors			(8,212)		34,719
	Increase / (decrease)	in creditors			(688)		(62,409)
					209,688		166,450
				At 1August	Cash	Other non	At 31July
				2022	Flows	cash changes	2023
				E	E	E	E
	2 Anal sis of Chan es	in net debt
	Cash and cash Equivalents
	Cash			963,200	163,802		1,127,002
	Total			963,200	163,802		1,127,002

		2023	2022
Turnover		1,285,721	1,065,019
Cost ofsales		210,578	184,312
Gross Profit		1,075,143	880,707
Administration		1,040,265	768,537
Operating Profit		34,878	112,170
Interest payable
Profit before	taxation	34,878	112,170
Profit after taxation		34,878	112,170
Less rent paid to SBAS
		34,878	112,170
Corporation	tax	(2,8?2)
		32,006	112,170
Amount gift	aided to SBAS	(112,170)	(51,750)
		(80,164)	60,420

Income						2023	2022	2023	2022
						Group	Group	Company	Company
Incoming resources	from		generated		funds
Donations and voluntary			income
Donations						5,492	2,139	5,492	2,139
Sponsorship						31,938	45,901	31,938	45,901
Gift aided								112,170	51,750
						37,430	48,040	149,600	99,790
Income from charitable		activities
Proceeds from shows						410,387	690,418	410,387	690,418
Members subscriptions						68,417	47,855	68,417	47,855
						478,804	738,273	478,804	738,273
Income from other trading				activities	for
generating funds
Hire ofthe showground				and facilities		1,277,721	1,049,019
Branch income						114,789	69,035	114,789	69,035
						1,392,510	1,118,054	114,789	69,035
Income from investments
Interest - building	society					8,239	289	8,239	289
Licence fee								80,000	40,000
Rent						500		500	500
						8,739	289	88,739	40,789
Other income
Sundry income						9,915	6,909	9,915	6,909
Profit on sale oftangible				fixed assets			349,447		349,447
						9,915	356,356	9,915	356,356
						1,927,398	2,261,012	841,847	1,304,243

Expenditure							2023	2022	2023	2022
							Group	Group	Company	Company
Costs ofgenerating			funds
Expenditure	on	raising		funds
Social funds							13,757	10,351	13,757	10,351
Depreciation							111,420	100,717	111,420	100,717
Subsidiary expenses						-Staff costs	381,325	332,790
						- Depreciation
						- Branch expenses	91,309	63,075	91,309	63,075
						-Other	792,394	580,059
							1,390,205	1,086,992	216,486	174,143
Expenditure	on	charitable			activities
Grants	to individuals						10,609	8,200	10,609	8,200
Cost of	shows						433,362	628,082	441,365	644,582
							443,971	636,282	451,974	652,782
Other support costs
Governance							43,793	13,442	43,793	13,442
Finance							7,162	12,731	7,162	12,731
Other							7,026	13,084	7,026	13,084
							57,981	39,257	57,981	39,257
							1,892,157	1,762,531	726,441	866,182
Included in	governance			costs		above are the following:
Accountants		and	audit		fees		10,250	6,040	6,000	3,600
Legal fees							27,623	6,407	27,623	6,407
							37,873	12,447	33,623	10,007

Net income I(expenditure)	Net income I(expenditure)	for the year Iperiod
			2023	2022
			E	E
Depreciation oftangible	fixed assets		576,155	565,451
Operating lease rentals			7,161	7,133
Fees payable to the charity's		auditor for
the audit ofthe charity's	annual accounts		6,000	3,600
Fees payable to the charity's		auditor for
the audit ofthe charity's	subsidiaries		4,250	2,440

The average monthly number ofp company during the year was:	ersons, including executive dir	ectors, employed	by the group and	the
		2022	2023	2022
		Group	Company	Company
Governance
Administration
Maintenance
Cleaners
	10
The total staff costs and employee	benefits was as follows:
	2023	2022	2023	2022
	Group	Group	Company	Company
Wages and salaries	336,922	284,676
Social security	32,448	28,319
Other pension costs	11,956	19,795
	381,325	332,790

The number ofemployees who received total of more than f60,000 is as follows:	employee benefits	(excluding empl	oyer pension costs	)
	2023	2022	2023	2022
E90,001 - E100,000	Group	Group	Company	Company
Interest payable and similar charges
	2023	2022	2023	2022
	Group	Group	Company	Company
	E	E	E	E
Bank loans		5,098		5,098
		5,098		5,098

Tangible fixed assets -Company		Fixtures,
		fittings and
	Properties E	equipment E	Total E
Cost or valuation At 1August 2022	23,449,965	1,133,351 54,125	24,583,316 54,125
Additions		(2,936)	(2,936)
Disposa Is
At 31July 2023	23,449,965	2,184,540	24,634,505
Depreciation At 1 August 2022 Charge for the year	3,673,369 528,863	946,163 47,292 (2,936)	4,619,532 576,155 (2,936)
Eliminated on disposal
At 31July 2023	4,202,232	990,519	5,192,751
Net book value At 31July 2023	19,247,733	194,021	19,441,754
At 31July 2022	19,776,596	187,188	19,963,784

Tangible fixed assets - Group
		Fixtures,
		fittings and
	Properties	equipment	Total
	E	E	E
Cost or valuation
At 1August 2022	23,449,965	1,133,351	24,583,316
Additions		54,125	54,125
Disposals		(2,936)	(2,936)
At 31July 2023	23,449,955	1,184,540	24,634,505
Depreciation
At 1August 2022	3,673,369	946,163	4,619,532
Charge for the year	528,863	47,292	576,155
Eliminated on disposal		(2,936)	(2,936)
At 31July 2023	4,202,232	990,519	5,192,751
Net book value
At 31July 2023	19,247,733	194,021	19,441,754
At 1August 2022	19,776,596	187,188	19,963,784

				Revaluation	Restricted	Unrestricted	Unrestricted
				reserve	funds	funds	funds
						General fund	Prize fund	Total
						E	E	E
Balance at 1August 2021				17,028,338		3,878,126	100	20,906,564
Net movement		in funds				438,061		438,061
Depreciation	on revaluation			(464,734)				(464,734)
Transfer on property			disposal	(156,000)		156,000
Closing value	offunds			16,407,604		4,472,187	100	20,879,891
				Revaluation	Restricted	Unrestricted	Unrestricted
				reserve	funds	funds	funds
						General fund	Prize fund	Total
						E	E	E
Balance at 1	August 2022			16,407,604		4,472,187	100	20,879,891
Net movement		in funds				115,406		115,406
Depreciation	on	revaluation		(464,734)				(464,734)
Closing value	of	funds		15,942,870		4,587,593	100	20,530,563

Funds - Group	Funds - Group
				Revaluation	Restricted	Unrestricted	Unrestricted
				reserve	funds	funds	funds
						General fund	Prize fund	Total
						E	E	E
Balance at 1August 2021				17,028,338		3,929,878	100	20,958,316
Net movement		in funds				498,481		498,481
Depreciation	on revaluation			{464,734)				{464,734)
Transfer on property			disposal	(156,000)		156,000.00
Closing value	offunds			16,407,604		4,584,359	100	20,992,063
				Revaluation	Restricted	Unrestricted	Unrestricted
				reserve	funds	funds	funds
						General fund	Prize fund	Total
						f	E	E
Balance at 1	August 2022			16,407,604		4,584,359	100	20,992,063
Net movement		in funds				35,241		35,241
Depreciation	on	revaluation		(464,734)				(464,734)
Closing value	of	funds		15,942,870		4,619,600	100	20,562,570

year	end are	as follows:
			2023	2022
			E	f
Due	within 1	year	5,823	7,764
Due	between	2 and 5years		5,823
			5,823	13,587

Limited	and had the following transacti	ons	w	ith the subsidiary:
					2023	2022
Amounts	received from Stafford Showground			Limited:
Licence fee					80,000	40,000
Amounts	paid to Stafford Showground	Limited:
Management charges					8,000	16,000
Amounts	due to the Stafford Showground		Limited:		19,428	19,428