Company re8iStration number.. 0368Z748 (England and Walesl
Registered charity number.. 1073166
STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
A COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Trustees, report
Auditor5, report
9-12
Consolidated statement of financial activities
13
Statement of financial activitie5
14
Consolidated balance sheet
15
Balance sheet
16
Consolldated statement of cash flows
17
Statement of cash flows
18
Notes to the consolidated financial statements
19-32
The following pages do not form part of the statutory accountS'.
General income and expenditure account
33
English Winter Fair income and expenditure account
34
County Show income and expenditure account
35

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
A COMPANY LIMITED BY GUARANTEE
TRU5TEES' REPORT
ST
FOR THE YEAR ENDED 31 JULY 2024
Company Information
Dlrectors
R Madders
M Thompstone IResigned 23, November 2023}
F Thompstone (Appointed 23, November 2023
C Meynell
M J Williams
M R Heenan
Mr A G Parrott
Secretary & Chief Executive
R Cwilliams
Company number
03682748 (England & Wales)
Charlty number
1073166
Registered Offlce
The County Showground
Weston Road
Stafford
ST18 OBD
Auditors
Dyke Yaxley Limited
l Brassey Road
Old Potts Way
Shrewsbury
Shropshire
SY3 7FA
Accountants
Deans
Gibson House
Hurricane Court
Hurricane Close
ST16 IGZ
Banker5
National Westminster
Greengate Street
Stafford
50licitors
Talbots
Ground Floor Suite
9 Waterloo Road
Wolverhampton
West Midlands
WVI 4NB

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
A COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (CONTINUED)
ST
FOR THE YEAR ENDED 31 JULY 2024
STRucfuRE, GOVERNANCE AND MANAGEMENT
The Charity 15 governed by Articles of Association dated 24 November 2022 and its objectives
are as follows:
Encourage skill and industry in husbandry by the holding of agricultural shows and local
competitions within a 10 mile radius of County of Staffordshire including the English
Winter Fair (incorporating the National Pedigree Calf Showl and the Staffordshire
County Show and any other activitie5, meetings and events that are likely to assist in
these aim5,'
Encourage agricultural enterprise and the promotion of improvements in the breeding,
rearing, and health of livestock;
Encourage the improvement and marketing of agricultural produce and the invention
and development of agricultural implements, machinery innovation and technology
Encourage the progress and furtherance of the agricultural industry, rural enterprise
and all professions, trades and industries connected therewith.
Encourage social engagement and support between the rural community by providing
forum for debate and development of ideas,.
Promote greater understanding and empathy with farming and the countryside
amongst the general public;
Promote the role of farmers as providers of high-quality produce, educating the
general public as to their food source with a view to encouraging consumer5 to choose
healthy local produce;
Advance and develop the progression of young farmers by assisting local groups
howsoever possible including free use of land, buildings and facilities owned by the
Charity, providing scholarships to assist in education and holding educational courses;
A55i5t the local agricultural community by providing meeting facilities free of charge to
local agricultural charities and organisations. and
To advance and encourage the protection and sustainability of the environment and
agricultural research,.

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
A COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31ST JULY 2024
Appointment and Training of Trustees/ Directors
The trustees are the directors of the Company limited by guarantee which does not have share
capital. The directors therefore do not have any interest in the shares of the Com pany or any
interest in the subsidiary company. The Directors who served during the year are as follows..
R Madders
M Thompstone {Resigned 23° November 20231
F Thompstone (Appointed 23, November 20231
C Meynell
M J Williams
M R Heenan
Mr A G Parrott
The Trustees are drawn from the most senior members of the Society, accordingly, they are
well versed in the Society's operation and structure and thus do not require further training in
this area. However, training in thei r wider responsibilities as Trustees is provided through the
documentation on this matter provided by the Charity Commission.

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
A COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT {CONTINUED)
5T
FOR THE YEAR ENDED 31 JULY 2024
Organisational Structure
The Society is made up of eight Districts based on geographical regions within the County-
Stone, Stafford, Uttoxeter, Lichfield, Newcastle, South Staffordshire, Burton and Eccleshall. In
addition, there is a ninth district, the National District which incorporates members of the
former BAES that live outside Staffordshire. Society policy is formulated by the 120 strong
Council which includes the Trustees, the Society's principal officers, representative5 from each
of the nine Districts and the Chief Stewards from the County Show. The Council has two major
subcommittees re5pon5ible respectively for the County Show and English Winter Fair. Day to
day running of and responsibility for the administration of the Society 15 delegated to the Chief
Executive.
OBJEcfivES AND AcfiviTIES
The Society's principal aim is to encourage excellence in agriculture through competition, This
aim is achieved through the County Show in May and the English Winter Fair in November.
In setting the objectives the Trustees have complied to have due regard to the public benefit
guidance published by the Charity Commission. In particular the public benefit in the following
activities has been identified..
a. Adoption of a policy to provide facilitie5 on the Showground to Registered Charities
at no or a reduced cost.
b. Provision of financial support to agricultural students.
Providing a social forum for the building of the rural community.
d. Providing grant aid, where the necessary criteria is met, to organisation5 which
promote rural regeneration.
Provide financial support and the provision of facilities for a wide range of
competitive and social events undertaken by Staffordshire Young Farmers Clubs
which has a membership base that is open to young people from all areas of the
community.
Moreover, a series of competitions encompassing all the major crop and livestock enterprises
as well as traditional skills such as ploughing and hedge laying are held at both County and
District level throughout the year. Furthermore. the society also discharges its secondary
welfare and educational aims by sponsoring Members of the Staffordshire Young Farmers Club
to attend the Oxford Farming Conference, the provision of educational grants and grants to
agricultural charities including the RABI.

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
A COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (CONTINUED)
ST
FOR THE YEAR ENDED 31 JULY 2024
ACHIEVEMENTS & PERFORMANCE
The number of visltors attending the County Show remains buoyant despite cost-of-living
pressures. The Trustees were pleased to note that over thirty Registered Charities attended the
Show and benefited from a significant reduction in fee5. The Show, through demonstrations
and displays, promoted to the public a better understanding of rural skills and countryside
management. Over 400 trade stands promoted rural commerce and 5ervice5 Wlthin the County.
The En81ish Winter Fair, which incorpor3tes the National Pedigree Calf Show, wa5 held in
November 2023. The Fair was a resounding succe5S Wlth visitor numbers, livestock entrie5 and
trade stand exhibitors all broadly similar to or Surpassing the levels achieved in 2022.The Fair
hosts the National Farmer's Stock Judging Competition which attract5 some 250 young people
from 18 counties within England, promoting animal husbandry ski115 amongst the young and
providing an opportunity for social interaction.
The operation of the Society's activities is made possible by the support of over two hundred
volunteers.
During the year the Society has continued to invest in the Showground infrastructure to ensure
all infrastructure is maintained to the highest level.
PLANS FOR FUTURE PERIODS
The County Show and English Winter Fair are now c105e to the maximum livestock levels that
the livestock buildings can accommodate. However, the Society will continue to educate the
public as to the diversity of the different breeds of livestock represented at the Shows through
a range of educational material at both events. The Society and its Districts will undertake a full
programme of agricultural competitions includin8 six ploughing matches. The Society will, in
addition to sponsoring members of the Staffordshire Young Farmers to attend the Oxford
Farming Conference, offer a range of scholarships as well as grants to assist farming student5
with the cost of textbooks and short vocational training course fees. The Society has also
introduce competitions aimed at young people under thirty six years of age to encourage and
reward success in a farming enterprise or farm diversification business with a prize fund of
£5,000. The Society will offer support for farm visits by farming groups and schools and will also
continue to afford financial support to the RABI and other agricultural charities. The Society will
also forge closer links and make facilities available to the Royal Agricultural Society of England's
project Innovation for Agriculture. Finally, the Society will continue to invest in the Showground
to renew and where po55ible enhance the facilities. The Trustees are committed to develop the
Society's competitions to further promote good environmental practices and animal welfare.

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
A COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31ST JULY 2024
FINANCIAL REVIEW
During the year the Society made a deficit of £26,74712023 surplus £115,406) from general
operations including income of £32,006 from The Stafford Showground Limited.
Reserves
After allowing for capital reserves the Society maintains a reserve in the region of £640,000
{2023 £1,092,000), the decrease has resulted from the acquisition of assets during the year.
The level of reserves is considered adequate to meet the Societvs general operational
requirements for a minimum period of twelve months. The Tru5tee5 have set this level of
reserves as they are mindful of the impact that events such as the Pandemic had on the Society
when trading effectively ceased for a period of eighteen months. They are equally mindful of
the impact that notifiable livestock diseases such as Foot & Mouth and Blue Tongue can have
on the Society Any surplus to this requirement is applied towards long term maintenance and
capital investment in the facilities at the showground.
Investment Powers
The Memorandum and Articles of Association allows for the investment of monies which are
not immediately required for the furtherance of its objects in or upon such investments.
securities or property as the charity feel fit, subject to conditions imposed or required by law.
Investment
The Societ¢s principal investment 15 in its major asset - the County Showground which is
leased on an annual licence fee of £80,000 to it5 Subsidiary company, Stafford 5howground
Limited. The main fund-raising activity of the group is through the hire of the site and facilities
by the subsidiary to a large number of external organisations including religious organisations
and other charities at a substantially reduced fee. The site is hired almost exclusively for
recreational activitie5 for the benefit of the wider community. Repairs and renewals on the
Showground are delegated to the subsidiary company Stafford Showground Limited and
surplus funds are transferred to the Charity by gift aid. In the year 2023124 £32,00612022123
£112,170) was paid by gift aid by the subsidiary. All capital expenditure is referred to the
Societvs Council for authorisation.
Rlsk Policy
The major risks to which the charity is exposed, as identified by the directors, have been
reviewed and systems have been established to mitigate those risk5. 1 n particular the Society
has regard to health and safety i55ue5. In consequence health and safety 15 regularly di5CUSsed
at board meetings, consultants are employed to identify and mitigate risks and Staff and
volunteers are given appropriate training.

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
A COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT {CONTINUED)
ST
FOR THE YEAR ENDED 31 JULY 2024
Trustees, responsibilitles statement
The trustees (who are also directors of Stafford & Birmingham Agricultural Society for the
purposes of company lawl are responsible for preparing the Tru5tees' Annual Report and the
financial statement5 in accordance with applicable law and United Kingdom Accounting
Standards {United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year,
which 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 the income and expenditure, of the
charitable company for that period. In preparing these financial statements, the trustees are
required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP (effective l January
20191;
make judgement5 and estimates that are reasonable and prudent,.
State whether applicable UK Accounting Standards have been followed,
Subject to any material departures disc105ed and explained in the financial
statements,.
prepare the financial statements on the going concern basi5 unle55 it is
inappropriate to presume that the charitable company will continue in
operation.
The trustee5 are responsible for keeping adequate accounting records that 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'5 website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from legislation
in other jurisdictions.

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
A COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (CONTINUED)
ST
FOR THE YEAR ENDED 31 JULY 2024
Statement as to Disclosure of Information to Auditors
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditor is
unaware; and
the trustees have taken all steps that they ought to have taken to make themselves
aware of any relevant audit information and to establish that the auditor is aware of
that information.
This report ha5 been prepared in accordance with the special provisions of part 15 of the
Companies Att 2006 relating to small companies.
st
Approved by the Board of Directors on 21 November 2024
and signed on its behalf:
Richard Williams- Secretary

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
STAFFORD & BIRMINGHAM AGRICULTURAL SOCIETY LIMITED
(Company Registration Number 036827481
Opinion
We have audited the financial statements of Staffordshire & Birmingham Agricultural Society
(the 'parent company'l and its subsidiaries (the 'group'l for the year ended 31 July 2024
which comprise Consolidated and Parent Company Statements of Financial Activities,
Con501idated and Parent Company Balance Sheets and Consolidated and Parent Company
Cash Flow Statements and notes to the financial statements, including a summary of
significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including FRS
102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United
Kingdom Generally Accepted Accounting Practicel.
In our opinion the financial statements-
give a true and fair view of the state of the group's and of the parent company's
affairs a5 at 31 July 2024 and of the group's profit for the year then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS
(UKII and applicable law. Our responsibilities under those standards are further described in
the Auditor's responsibilities for the audit of the financial statements section of our report.
We are independent of the company in accordance with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statement5, we have concluded that the trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties
relating to events or conditions that, individually or collettively, may cast Significant doubt on
the group's and parent com pany's ability to continue as a going concern for a period of at least
twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are
described in the relevant sections of this report.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
STAFFORD & BIRMINGHAM AGRICULTURAL SOCIETY LIMITED
{Company Registration Number 036827481
Other information
The directors are responsible for the other information. The other information compri5e5 the
information included in the annual report, other than the financial statements and our
auditor'5 report thereon. Our opinion on the financial statements does not cover the other
information and, except to the extent otherwise explicitly stated in our report, we do not
express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent
with the financial statement5 or our knowledge obtained in the audit or otherwise appears to
be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misstatement in the
financial statements or a material misstatement of the other information. If, based on the
work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companles Act 2qJ06
In our opinion, based on the work undertaken in the course of our audit-
the information given in the Trustees, Report for the financial year for which the
financial statements are prepared is consistent with the financi31 statements; and
the Trustees, Report has been prepared in accordance with applicable legal
requirements.
the Directors, Report has been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its
environment obtained in the course of the audit, we have not identified material
misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters where the Companies Act 2006
requires us to report to you if, in our opinion:
adequate accounting records have not been kept by the parent company, or returns
adequate for our audit have not been received from branches not visited by us; or
the parent company financial statements are not in agreement with the accounting
records and returns,. or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit,. or
the directors were not entitled to prepare the financial statements in accordance with
the small companies regime and take advantage of the small companies, exemption in
preparing the Trustees, Report and take advantage of the small companies exemption
from the requirement to prepare a Strategic Report.
io

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
STAFFORD & BIRMINGHAM AGRICULTURAL SOCIETY LIMITED
(Company Registration Number 3682748}
Responsibilities of directors
As explained more fully in the Trustees, Responsibilities Statement set out on pages 6, the
directors are responsible for the preparation of the financial statements and for being satisfied
that they give a true and fair view, and for such internal control as the directors determine is
nece55ary to enable the preparation of financial statements that are free from material
mi5Statement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's
ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the directors either intend to
liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial 5tatement5
Our objectives are to obta in reasonable a55urance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinion. Reasonable assurance is a high level of assurance,
but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect
material misstatement when it exists. Mi55tatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
mi55tatement5 in respect of irregularities, including fraud.
The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below..
We gained an understanding of the legal and regulatory framework applicable to the company
and the industry in which it operates, and considered the risk of acts by the company that were
contrary to applicable laws and regulations, including fraud,
We designed audit procedures to respond to the risk, recognising that the risk of not detecting
a material misstatement due to fraud 15 higher than the risk of not detecting one resulting from
error, as fraud may involve deliberate concealment by, for example, forgery or intentional
misrepresentations, or through collusion.
We focussed on laws and regulations which could give rise to a material misstatement in the
financial statements, including, but not limited to, the Companies Act 2006 and Accounting &
Reporting by Charities SORP: FRS102. Our tests included agreeing the financial statement
disclosure5 to underlying supporting documentation and enquiries with management. a review
of minutes of Council and Board meetings held during and after the year under audit.
Health and Safety is another key area of compliance for the Society due to it holding public
events. To ensure it meet5 nece55ary standard5 It has a contract with NFU Risk Management
Services who carry out a site visit and prepare an action plan for the Society to implement.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
5TAFFORD & BIRMINGHAM AGRICULTURAL SOCIETY LIMITED
(Company Registration Number 3682748)
Prior to the County Show a visit was made by the Stafford Borough Council Events Safety
Advisory Group who recommended the appointment of a professional Safety Advisor for the
show which was implemented. The Society carries out risk assessments for key areas to identify
and take steps to mitigate those risks, It also ensures that all statutory inspections of
mechanised equipment in use on the site are carried out as required. We have inspected the
action plan, risk assessments. inspection reports and relevant certifications as mentioned.
In addition we have confirmed that a DEFRA animal gathering licence is held by the Society
which 15 a requirement where certain classes of livestock are brought onto the premises for
show5 or exhibitions.
There are inherent limitations in the audit procedures described above and, the further
removed non-compliance with laws and regulations is from the events and transactions
reflected in the financial statements, the le55 likely we would become aware of it.
We did not identify any key audit matters relating to irregularitie5, including fraud.
As in all our audits, we also addressed the risk of management override of internal controls,
including testing journals and evaluating whether there was evidence of bias by the directors
that represented a risk of material mi55tatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located
on the Financial Reporting Council's website at.. http:l/www.frc.org.uk/auditorsresponsibilities.
This description form5 part of our auditor's report.
Use of our report
Thi5 report is made solely to the company's members, as a body, in accordance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might
state to the companfs members those matters we are required to state to them in an
auditor's report and for no other purpose. To the fLJlle5t extent permitted by law, we do not
accept or a55ume responsibility to anyone other than the company and the company's
members as a body, for our audit work, for this report, or for the opinions we have formed.
Stacey Lea FCA (Senior Statutory Auditor)
For and on behalf of Dyke Yax5ey Limited
Statutory Auditor
l Brassey Road
Old Potts Way
Shrewsbury
Shropshire
SY3 7FA
fryLfvL4
Date:
12

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIEri
CONSOLIDATED
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES Ilncludlng Income and Expendlture Account)
FOR THE YEAR ENDED 31 JULY 2024
Unrestrlcted Restrlcled
Fund5
Funds
Total
2024
Total
2023
Note
Income from:
Donation5 and voluntary income
Charitable activities
Other trading artivities for generating funds
Investments
Other
Profit on disposal of tangible fixed assets
48,206
SOl,229
1,566,304
10,079
5,010
48,206
501,229
1,566,304
10,079
5,010
37,430
478,804
1,392,510
8,739
9.915
Total income
2,130,828
2,130,828
1.927,398
Expenditure on:
Raising funds
Charitable activities
Other
1,573,311
506,008
69,193
1,573,311
506,008
69,193
1,390,205
443,971
57,981
Total expenditure
2,148,512
2,148,512
1,892,157
Net Income / {expenditurel
{17,6841
117,6841
35,241
Transfers between funds
Other recogni5ed gains/(losses1
Depreciation on revaluation of fixed assets
1464,7341
1464.7341
1464,7341
Net movement in funds
1482,418)
1482.4181
1429,4931
Reconcillatlon of fund5:
Total funds brought forward
20,562.570
20,562,570
20,992,063
Total funds caryied forward
li
20,080,152
20,080,152
20,562,570
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gain5 and losses recognised during the year
The notes on pages 19 to 32 form part of these accounts
13

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOLIDATED
COMPANY STATEMENT OF FINANCIAL AcfiviTIES Ilncluding Income and Expenditure Account)
FOR THE YEAR ENDED 31 JULY 2024
Unrestricted Restrlcted
Funds
Funds
Total
2024
Total
2023
Note
Income from:
Donations and voluntary income
Charitable activities
Other trading activities for generating funds
Investments
Other
Profit on disposal of tangible fixed asset5
80,212
501,229
95,916
90,079
5,010
80,212
501,229
95.916
90.079
5.010
149,600
478.804
114,789
88,739
9.915
Total Income
772,446
772,446
841,847
Expenditure on:
Raising funds
Charitable activities
Other
243,212
486,789
69,192
243,212
486,789
69,192
216,486
451,974
57,981
Total expenditure
799,193
799,193
726,441
Net incorne / (expenditure)
126.7471
126,747)
115.406
Transfers between funds
Other recognised galn5111055e51
Depreciation on revaluation of fixed assets
{464,7351
1464,7351
1464.7341
Net movement In funds
1491,4821
1491,4821
1349.3281
Reconciliatlon of funds:
Total funds brought forward
20,530,563
20,530,563
20,879,891
Total tunds carried forward
li
20,039,081
20,039,081
20,530,563
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year
The notes on page5 19 to 32 form part of these accounts
14

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOLIDATED
(Company Re8lStratlon Number 0368Z7481
CONSOLIDATED BALANCE SHEET
AS AT 31 JULY 2024
Notes
Unrestricted
Funds
Restrltted
Funds
Total
2024
Total
2023
Fixed a55et5
Tangible assets
7b
19,399,594
19,399,594
19,441,754
Current assets
Debtors
Cash at bank
145,582
674,742
820,324
145,582
674,742
820,324
101,320
1,172,877
1,274,197
Creditors: amounts falling due
within one year
io
1139,7661
1139,7661
1153,3811
Net current assels
680,558
680,558
1,120,816
Total a$5ets le55 current liabilities
20.080,152
20,080,152
20,562,570
Net assets
20,080,152
20,080,152
20,562,570
Represented by:
Unrestricted funds
li
4,602,016
4,602,016
4,619,700
Revaluation reserve
li
15,478,136
15,478,136
15,942,870
20,080,152
20,080,152
20,562,570
The consolidated financial statement5 were approved and authorised for issue by the Board on 21 November 2024
and signed on behalf of the Board of Trustees
C Meynell - Director
The note5 on page5 19 to 32 form part of these accounts
15

STAFFORD5HIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOLIDATED
(Company Reglstratlon Number 03682748)
COMPANY BAiANCE SHEEr
AS AT 31JULY 2024
Notes
Unrestricted
Funds
Restrlrted
Funds
Total
20Z4
Total
Z023
Fixed assets
Tangible assets
Investments
7a
19,399,594
19,399.594
19,441,754
19,399,596
19,399,596
19,441,756
Current assets
Debtors
Cash at bank
29,632
655,119
684,751
29,632
655,119
684,751
14,136
1,127.002
1,141.138
Creditors: amounts falling due
within one year
io
145,266}
{45,2661
152,3311
Net current assets
639,485
639,485
1,088,807
Total assets less current IlabilTties
20,039,081
20,039.081
20,530,563
Net assets
20,039,081
20,039,081
20,530,563
Represented by..
Unrestricted funds
Revaluation reserve
li
li
4,560,946
15,478,135
20,039,081
4,560,946
15,478,135
20,039,081
4.587.693
15,942,870
20,530,563
The consolidated financial statements were approved and authorised for issue by the Board on 21 November 2024
and signed on behalf of the Board of Trustees
C Meynell - Directo
The notes on pages 19 to 32 form part ofthe5e accounts
16

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIE
CONSOLIDATED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2024
Year ended
31 July 2024
Year ended
31 July 2023
Note
Net cash flows from operating actlvltles
46.541
146,587
Cash flow from Investlng activitles
Payments to acquire tangible assets
Interest received
Net cash flows from Investlng activltles
1554,2551
9,579
154,1251
8,239
1544,6761
145,8861
Cash flow from Ilnandni artlvlties
New Loans in the year
Repayment of long term loan
Interest paid
Repayment of hire purchase liabilities
Net cash flows from flnan¢ln8 artlvlties
Net (docrease)lincrease In ¢ash and cash equlvalents
1498,1351
100,701
Cash and cash equlvalents at the start of the year
1,172,877
1,072,176
Cash and fash equNalents at the end of the year
674.742
1.172.877
Year ended
31 July 2024
Year ended
31 July 2023
I Cash
nerated from o
Net movement in funds
Building Society Interest received
Depreciation charge of tangible assets
Ilncreasel / decrease debtor5
Increase I Idecreasel in creditors
eration5
1482,4181
19,5791
596,415
144,2621
113,6151
46,541
1429,4931
18,2391
576,155
146,8621
55,026
146,587
At l August
2021
Cash
Flow5
Other non
sh change5
At 31 Julv
2023
2 Anal
sis of Chan
es in net debt
Cash and cash Equivalents
Cash
1,172,877
1498,1351
674.742
Total
1,172,877
1498,1351
674,742
17

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOUDATED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2024
Year ended
31 July 20Z4
Yearended
31 July 2023
Note
Net cash flows from operating activitles
72,793
209,688
Cash Ilow from Investing activities
Payments to acquire tangible assets
Interest received
Net cash flows from investing activities
1554,2551
9.579
154,1251
8,239
1544,6761
145,886
Cash flow from financing activitSes
Other support costs
Repayment of lon8 term loan
Interest paid
Net cash flov￿ from flnancing actlvities
Net {decreaselllncrease in cash and cash equivalents
1471,883}
163,802
Cash and cash equlvalents at the start of the year
1.127,002
963,200
Cash and cash equlvalents at the end of the year
655,119
1.127.002
Year ended
Yearended
31 July 2024
31 July 2023
I Cash
enerated from o
Net movement in funds
Building society interest received
Depreciation charge of tangible assets
Ilncreasel / decrease in debtors
Increase I Idecreasel in creditors
erations
1491.4821
19,5791
596,415
115,4961
17,0651
72,793
1349,3281
18.2391
576,155
18,2121
16881
209,688
At l August
2023
Cash
Flow5
Other non At 31 July
cash changes
2024
2 Anal
sis of Chan
e5 in net debt
Cash and cash Equivalent5
Cash
1,127,002
1471,8831
655.119
Total
1.127,002
1471,8831
655,119
18

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOLIDATED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31JULY 2024
l Accountlng pollcles
General Inlormatlon and ba515 01
aratlon
Staffordshire and Birmingham Agricultural 50¢iety is a charitable organisation in the United Kingdom.
In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per
member of the charity. The address of the registered office is given in the charity information on page
l of these financial statements.
re
The nature of the charity's operation5 and principal activities are stated in the Trustee5 Report.
The charity Constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared
in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 leffective l January 20191 , the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generallv
Accepted Accounting Practice.
The financial Statements are Prepared on a going concern basis under the historical cost convention.
modified to include certain items at fair value. The financial statements are prepared in sterling
which is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been con51stently applied to all years presented unless otherwise Stated.
b Basls of consolldatlon
These financial statements consolidate the results of the charitable company and Its wholly-owned
subsidiary, Stafford Showground Limited. The results of the subsidiary are con501idated on a
line by line basi5.
Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objertives of the charity and which have not been designated for other purposes.
Designated fund5 comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial Statements.
d Income reco
nition
All incoming resources are included in the Statement of Financial Activities {SoFAI when the charity is
legally entitled to the income after any performance conditions have been rnet, the arnount can be
measured reliably and it is probable that the income will be received.
19

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOLIDATED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
l Accounting poll¢les (contlnued)
d Income reco
nltlon
continued
For donations to be recognised the charity will have been notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this require5 a level of performance
before entitlement can be obtained then income 15 deferred until those conditions are fully met or
the fulfilment of those conditions 15 Wlthin the control of the charity and it is probable that they will
be fulfilled.
Income from trading activities includes income earned from trading activities (including the hiring out of
the Showgroundl to raise funds for the charity. Income is received in exchange for seNices in order to
raise funds and is recognised when entitlement has occurred.
Investment income 15 earned through holdlng a5set5 for investment purposes such as property. It include5
interest and rent. Interest income 15 recogni5ed using the effective interest method and rent income
is recognised as the charity's right to receive payment is established.
The company receives government grants in respect of the Job Retention Scheme. These grants are
recognised at the fair value of the asset received or re¢eivable when there is reasonable assurance
that the company will comply with conditions attaching to them and the grants will be received using
the performance/accrual model.
nditure reco
nition
All expenditure is accounted for on an accruals basis and has been cla55ified vnder headings that aggregate
all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation
to make payments to third parties, it is probable that the settlement will be required and the amount of
the obligation can be measured reliably. It is categori5ed under the following headings:
Costs of raising funds includes expenses from the trading subsidiary
Expenditure on charitable act￿VItieS includes the costs of the shows
Other expenditure represents those items not falling into the categories above.
Grants payable to third parties are within the charitable objectives. Where unconditional grants are
offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable
expectation that the recipient will receive the grants.
Branch transactlons
In accordance with the SORP Accounting & Reporting by Charities, branch transactions have
been accounted for gros5 in the charity'5 own accounts and all assets and liabilities of the branches have
been incorporated onto the balance sheet of the charity.
20

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOLIDATED
NOTES TO THE CONSOLIDATED FINANCIAI STATEMENT5
FOR THE YÉAR ENDED 31 JULY 2024
l Accounting policies (continued)
Sble fixed assets
Tangible fixed assets are stated at cost lor deemed costl or valuation le55 accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the a55et capable of
operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated
residual value, of each asset on a systematic basis over its expected useful life as follows..
Fixtures, fittings and equipment
Plant and equipment
Between IO% and 33% straight line basis
15% straight line basis
h Pro
The property held by the charity has mixed use and as the fair value of the investment property
component cannot be measured reliably without undue cost or effort, the entire property has been
accounted for a5 property within tangible fixed asset5.
On adoption of the SORP 2015 FRS102 the charity has elected to measure propeity at its fair value as
deemed cost.
The cost of building5 is being depreciated over a period of 10 - 50 years. the estimated useful Ilfe
of the individual building. Depreciation is not provided on freehold land.
Investments
Investments in subsidiaries are measured at Cost les5 impairment.
Debtors and creditors receivable
able within one
Debtors and creditor5 With no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
ear
k Loans and borrowin
Loans and borrowings are initially recogni5ed at the transaction price including transaction costs.
Subsequently. they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finance transaction it is measured at present value.
airment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each
balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash
generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds
its recoverable amount, an impairment10ss is recogni5ed in profit or1055 unless the asset is carried at a
revalued amount where the impairment Ioss is a revaluation decrease.
21

5TAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIErY
CONSOLIDATED
NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
l Accountlng pollcles (continued)
m Leases and hlre
urcha5e contrart5
A55et5 obtained under hire purchase contracts or finance leases are capitali5ed in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under
finance leases are depreciated over the shorter of the lease term and the expected useful life of the a55et.
Minimurn lease payments are apportioned between the finance charge and the reduction of the
outstanding lease/contract liability using the effective interest method. The related obligation5, net of
future finance charge5. are included in creditors.
Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis
over the period of the lease.
n Em
lo
ee benefits
When employees have rendered service to the charity, short-term employee benefits to which the
employees are entitled are reco8nised at the undiscounted amount expected to be paid in exchange
for that service.
The charity operates a defined contribution plan for the benefit of its employees. Contributions are
expensed as they become payable,
o Tax
The ¢harity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph i Schedule 6 Finance Art 2010 and therefore it
meets the definition of a charitable company for UK corporation tax purposes.
concern
The financial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level
of income and expenditure for 12 months from authorising these financial statements. The budgeted
income and expenditure is sufficient with the level of reserves for the charity to be able to continue a5 a
going concern.
q Critical Accountin
Estimates and Jud
ements
In the application of the group's accounting policie5, the trustees are required to make judgements, estimates and
a55umption about the tarrying amount of as5et5 and liabilitie5 that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered
to be relevant. Actual results may differ from these e5timate5.
The estimates and underlyin8 assumption5 are reviewed on an ongoing basis.
The estimates and assumption5 which have a significant risk of causing a material adjustment to the carrying
amount of assets and liabilities are outlined as follow5-.
Depreciation of Tangible Assets
Depreciation policies have been Set according to managements experience of the useful live5 of the assets in each
category and is reviewed annually.
22

STAFFOROSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOLIDATED
NOTES TO THE CONSOLIDATED FINANCIAI STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
2 Net Income from trading activities of subsidlaries
The charity ha5 a wholly owned subsidiary undertaking which 15 incorporated in the UK. Stafford
Showground Limited's principal activity is that of the letting of the Stafford County Showground.
A summary of Stafford Show8round Limited's results forthe year ended 31 July 2024 is shown
below. Audited account5 have been approved by the directors and will be filed with the Registrar of
Companies.
Profit and Loss account - Stafford Showground Limited
(Registered no.. 03078132}
2024
2023
Turnover
Cost of sales
Gross Profit
Administration
Operating Profit
Interest payable
Profit before taxation
1,456,869
214.035
1,242,834
1,201,763
41.071
1,285,721
210,578
1.075,143
1,040,265
34,878
41,071
34,878
Profit after taxation
Less rent paid to SBAS
41,071
34,878
41,071
34,878
12,8721
32.006
1112,1701
180.1641
Corporation tax
41,071
132,0061
9,065
Amount gift aided to SBAS
23

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 JULY 2024
3 Analysis of Activitles 2024
Income
Diret
Costs
Support
costs
Total
costs
Surplus/
deficit
Grants and donations
12,334
26,465
26,465 {14,1311
Showground Activities
1,470,388 1,323,071 138,709 1,461,780
8,608
Investments
9.579
9,579
Agricultural shows
469,142
479,543
479,543 (10,4011
Membership
163,87S
111,531
111,531
52,344
Other
5,510
69,193
69,193 (63,6831
2,130,828 1,940.610 207,902 2,148.512 {17,6841
Analysis of A¢tivitie$ 2023
Income
Diret
Costs
Support
costs
Total
costs
Surplusl
defitit
Grants and donations
5,492
10,609
10,609
(5.1171
Showground Activities
1,277,721 1,157,239 127,900 1,285,139
17,418}
Investments
8,239
8,239
Agricultural shows
442,325
433,362
433,362
8,963
Membership
183,206
105,066
105,066
78,140
other
10.415
57.981
57,981 {47,5661
1,927,398 1,706,276 185,881 1,892,157
35,241
24

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOLIDATED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31JULY 2024
4 Net Income l (expendlturo) for tho year I period
2024
2023
Depreciation of tangible fixed assets
596,415
576,155
Operating lease rentals
14.000
7,161
Fees payable to the charity's auditor for
the audit of the charity's annual accounts
8,250
6,000
Fees payable to the charity'5 auditor for
the audit of the charity's subsidiaries
4.475
4,250
5 The trustees neither received nor waived any remuneration during the year12023- £Nill and the trustees
did not have any expense5 reimbursed during the year12023.. £Nill.
6 Staff Costs and employee benefrts
The avera8e monthly number of persons, including executive directors, employed by the 8roup and the
company during the yearwas:
2024
Group
2023
Group
2024
Company
2023
Company
Governance
Administration
Maintenance
Cleaners
li
io
The total staff costs and employee benefits was as follows..
2024
Group
2023
Group
2024
2023
Company
Companv
Wages and salaries
Social security
Other pension c05t5
381,834
35,644
13,391
430,869
336,922
32,448
11,956
381,325
The total amount of employee benefits lincluding employer pension and national insurance contributions)
received by key management personnel for their services to the charity was £116,95112023.. £110,961).
25

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOLIDATED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
6 Staff costs and employee benefits {contlnuedl
The number of employees who receSved total employee benefits lexcludin8 employer pension costs)
of more than £60,000 is as follows:
2024
2023
2024
2023
£90,001- £100,000
Group
Group
Company
Company
26

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOLIDATED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
7a Tangible fixed assets- Company
FiJrture$,
Ilttings and
equlpment
Properties
Total
Cost oi valuatton
At l August 2023
Additions
Dlsposals
23,449.965
475,310
1,184,540
78,945
1149,8021
24,634,505
554,255
1149,8021
At 31 July 2024
23,925,275
1,113,683
25,038,958
Depreciatian
At l August 2023
Charge for the year
Eliminated on disposal
4,202,232
539,525
990,519
56,890
1149.802)
5,192,751
596,415
1149,8021
At 31 July 2024
4,741,757
897,607
5,639,364
Net book value
At31July 2024
19,183.518
216,076
19,399,594
At31July 2023
19,247.733
194,021
19,441,754
Freehold land with a deemed cost of £3.696.94612023 £3,468,375) has not been depreciated.
The property is held for charitable activities and in order to fund malntenance and improvement the
charlty rent5 the property to the trading subsidiary. Due to the mixed use of the property it has been
valued at a deemed cost of £22,685,57612023 £22.685,S761 based on valuation5 by the director5 Wlth
regard to a valuation carried out on 24 October 2016 by Cunningham Lindsey, Solent House, 1460
Solent 8u5ine55 Park, Whiteley, Fareham, P015 7AF.
Tangible fixed a55ets with a net book value of £19,183,518 have been pledged as seturity for liabilitie5
of the chèrity.
27

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIErY
CONSOLIDATED
NOTES TO THE CONSOLIOATED FINANCIAL STATEMÉNTS
FOR THE YEAR ENOED 31 JULY 2024
7b Takniible fixed assets- Group
Fixtures,
fittings and
equlpment
Propertlès
Totsl
Cost or v•luatlon
At l August 2023
Additions
Di5posa15
At 31 july 2024
23,449,965
475,310
1,184,540
78,945
1149.8021
1,113,683
24,634,505
554,255
1149,8021
25,038,958
23,925,275
Depreclatlon
At l August 2023
Charge for the yèar
Eliminatèd on disposal
At 31 July 2024
4.202,232
539,525
990,519
56,890
1149,8021
897,607
5,192,751
596,415
1149,8021
5,639,364
4.741,757
Net book value
At 31 july 2024
19.183.518
216,076
19,399,594
At l August 2023
19,247,733
194,021
19,441,754
Freehold land with a deemed cost of £3,696,94612023 £3,468,375) has not been depreciated.
The property is held for charitable activities and in order to fund maintenance and improvement the
charity rents the property to the trading subsidiary. Due to the mixed use of the property it has been
valued at a deerned c05t of £22.685,57612023 £22.685,5761 based on valuations by the directors with
regard tts a valuation carried out on 24 October 2016 by Cunningham Llndsey, Solent House, 1460
Solent Businèss Park, Whiteley, Fareham, P015 7AF.
If revalued assets wèrè statÈd on an historical cost basis rather than a fair value b3SlS, the total
amounts included would have been a5 follows..
Group
Company
2024
2023
2024
Z023
Cost
Accumulated depreciation
4,526.109
820.733
4,050,800
745,941
4,526,109
820,733
4,050,800
745,941
Carrying value
3,705,376
3,304,859
3,705.376
3,304,859
Tangible fixed assets Wlth a net book value of £19,183,518 have been pledged as security for liabilities
28

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIEr
CONSOLIDATED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
8 Fixed asset investments - Company
2024
2023
Unlisted investments - cost
Thi5 repre5entS the investment in Stafford Showground Limited with the registered office address of
County Showground, Weston Road, Stafford, ST18 OBD, is a wholly owned company incorporated in
England & Wale5. The subsidiary is involved in the provision of catering and entertainment facilities. At the
year end, the aggregate capital and reserves of the company amounted to £41,073 and profit for the year is
shown in note 2. The investment is held in the unrestricted fund.
9 Debtors
2024
Group
2023
Group
2024
Companv
2023
Company
Trade debtors
Prepayments and accrued income
81,950
63,632
60,618
40,702
24,380
3,698
1,554
29,632
2.851
11,285
VAT
145,582
101,320
14.136
Included in trade debtors at the balance sheet date was a balance of £24,000 {2023 - nill due from
Staffofd Showground Limited.
10 Creditors: amounts falling due withln one year
2024
Group
2023
Group
2024
Company
2023
Companv
Trade creditors
Other taxation and social security
Accruals
Amounts from group undertaking5
VAT
Other creditor5
47,452
10,739
63,135
58,859
9,853
43,078
1,504
303
2,042
303
23,038
20.421
24,581
19,428
5,977
17,348
1,092
139,766
41.591
153,381
45,266
52,331
Included in amounts owed from group undertakings is an inter company account of
£20,42112023 - £19,428} with Stafford Showground Limited.
29

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIErY
CONSOLIDATED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
11 Funds- Company
Revaluation
Restrirted
funds
Unrestrlcted Unrestflrted
funds
fund5
reseNe
General fund
Prlze fund
Total
Balance at l August 2022
16,407.604
4,472,187
loo
20,879,891
Net movement in funds
115,406
115,406
Depreciation on revaluation
1464,7341
1464.7341
Closin8 value of funds
15,942,870
4,587,593
loo
20,530,563
Revaluatlon
Restrirted
funds
Unrestrirted Unrestricted
fvnds
funds
reserye
General fvnd
Prlie fund
Total
Balance at l August 2023
15,942,870
4,587,593
loo
20,530,563
Net movement in funds
126,7471
126,7471
Depreciation on revaluation
1464,7351
1464.7351
Closing value of funds
15,478,135
4,560,846
loo
20,039,081
30

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIErY
CONSOLIDATED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
11 Fund5- Group
Revaluation
Restrlcted
funds
Unrestricied Unrestrirted
fund5
funds
reser¥e
General fund
Prlze fund
Total
Balance at l August 2022
16,407,604
4,584,359
loo
20,992,063
Net movement in funds
35,241
35,241
Depreciation on revaluation
{464,7341
1464,7341
Closing value of funds
15,942,870
4,619,600
loo
20,562,570
Revaluatlon
reserve
Re5trlrted
funds
Unrestrlcted Unrestricted
funds
funds
General fund
Prlze fund
Total
Balance at l August 2023
15,942,870
4.619,600
loo
20,562,570
Net movement in funds
117,6841
117.6841
Depreciation on revaluation
1464,7341
1464,7341
C105in8 value of fund5
15,478,136
4,601,916
loo
20,080,152
31

STAFFORDSHIRE & BIRMINGHAM AGRICULTURAL SOCIETY
CONSOLIDATED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
12 Commltment5
Leases primarily relate to office equipment and motor vehicles. The commitments at the
year end are as follows..
2024
2023
Due within l year
Due between 2 and 5 years
6,222
8,814
15,036
5,823
5,823
13 Related party transactions
Staffordshire and Birmingham Agricultural Society is the 100% shareholder in Stafford Show8round
Limited and had the following transactions with the subsidiary:
2024
2023
Amounts received from Stafford Showground Limited..
Licence fee
80.000
80.000
Amounts paid to Stafford Showground Lirnited..
Management charges
8,lJOO
Amounts due to the Stafford Showground Limited:
20,421
19.428
Amount5 included in trade debtors
24.000
Staffordshire and Birmingham Agricultural Society was formed following the mer8er of Stafford
Agricultural Society and Birmingham Agricultural and Exhibition Society Limited. All assets and
liabilities of the two societie5 were transferred on l January 1999 to Staffordshire and Birmingham
Agricultural Society at their book values. All such values were on a historical cost basis wlth the
exception of the freehold land and buildings which were revalued as at 31 December 1998 using a
current open market value basis as an operating entity having regard to trading potential by Chesterton
Property Consultants (qualified chartered surveyors) on 13 May 1999.
The total transferred in the year ending 31 July 1999 was £1,749,765.
Mr C Meynell is a trustee of the charity and a consultant partner with Fisher German, Chartered surveyors.
During the year Staffordshire and Birmingham Agricultural Society paid professional fees
of £15,46012023-£6,9141 to Fisher German.
32