Charity registration number 1082095
Compary registrdtion number 03968279 {England and Wales)
WOLSINGHAMAND WEAR VALLEY AGRICULTURAL SOCIETY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
LEGALAND ADMINISTRATIVE INFORMATION
Trustae$
Mr J Hodgson
Mr l Ross
Mr J Bell
Mr G Pyboume
Mr K Lough
Mr J Emmerson
Mr P Walker
Mr J Suddes
Charlty number
1082095
Company numbor
03968279
Registered offlce
5 Henson Close
South Church Enterprlse Park
Bishop Auckland
Co Durham
DL14 6WA
Independent examln•r
MrPWLamb
Allen Sykes Limrted
5 Henson Close
South Chtjrch Enterprise Park
Bishop Auckland
Co Durham
DL14 6WA

WOLSINGHAMAND WEAR VALLEY AGRICULTURAL SOCIETY
CONTENTS
Page
Trustees, report
Independent examinerfs report
Statement (rf financial activities
Statement of financial positi'on
Notes to the financial statements
7-16

WOLSINGHAMAND WEAR VALLEY AGRICULTURAL SOCIETY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 OCTOBER 2024
The Trusteès present their annual rèport and financial statements for the year ènded 31 Odober 2024.
The financial statements have been prepared in accordance wilh the accounting policies set out in note 1 to the
financial statements and comply with the Companies Act 2006 and 'Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to chartlies preparing their accounts in accordance wilh the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Oblactives and actlvitios
The charitable objective of the Society and principal activty is to promote improvement in the breeding of livestock
and lo improve the standards of farming and fann craft for the farmers residing within the area. In planning our
activities the trustees have given due regard to guidan￿ published by the Charity Commission on public benefit.
Achlovoments and pÈrfomMn¢e
The run up to show weekend in 2024 saw the so￿ety go through a period of cx)nsiderable transition, with both the
key posts of Chairman & General Secretary seeing change in personnel.
We would like to extend a massive thank you to Mr David B riggs, our outgoing chairman. for leaving the chairmans
role in such a good standing.
We would also Ilke to welcome Mr Patrick Harwood to the role of General se¢￿tary and look forward to working
wrth him for the continuing success of the show going for4¥ard. Patrick has, in the shorl lime he has been in the
role, already identified the standards that we need to adhe￿ to that will keep us LYJmpliant with our status as
charity.
Despite the changes In management, with the concerted effort of existing Gounul members and officAals, the Society
rose to the challenge. Mr lan Ross, the treasurer. was an invaluable asset to thè running of the 2024 show,
providlng a continuation of knowledge in the days Just prior to and over show weekend. This combined with the
additional help of the various section secretsnes and an amiy of volunteers. coupled with the continued support of
our valued sponsors and partners, the show weekend itself was once again a huge success, onty hampered by the
poor weather on the Sunday of the sh¢)w which had a detrimental impact on fooffall on the second day.
Sponsorship of the show continues to be extremely attractive and we are grateful to our longstanding major
sponsors, East Durham College, Northem Metal Recyding, ALX Horseboxes, Martin Bell Car Sales, Fred
Henderson Ltd, ProPitch SeNices Ltd and The Feed Warehouse, together with Workwear Express Ltd, Stagecoach
NE Ltd & Batsons Groundcare Ltd whose help and support remain invaluable to the smooth running of the show.
Diversity of income is important to us and we therefr)￿ continue to hire out 'The Barn. and fields throughout the year
for all kinds of events ranging from christenings & weddings to antique fairs, poultry shows & dog agility classes and
events. Truckfest NE is also now a fimi favourite in the calendar.
Wth the recent rise in interest rates, we have also taken the opportunty to 'invest' our accumulated deposits in the
short temi across a few selected deposit takers wrth a view to providing another lucrative income stream, bul also to
protect our funds under the FSCS guarantee scheme.
Our continued investment in the infrastructure of the show field o)ntinues apace with the completion of the new
dwarf wall around the car park, with jLJSt some soft landscaping needed to finalise the project. A new planning
application w8s submttted during the year in respect of the eredion of a new storage building at the railway end of
the show ground, together with further additional intemal roads which will provide further insurance against
inclement weather in the years to come. A positive response to the requèst is antiapated.
Incrèased usage is now being made of the hyo shipping containers used as the office & a meeting room and these
provided a valuable base over the show weekend. Further cosmetic work is planned to enhance the area
surrounding these stmctures.

WOLSINGHAMAND WEAR VALLEY AGRICULTURAL SOCIETY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
th IhÉ hèlp of Stuart Watson and Lewis Maddison and their associates. and groundworks by David Briggs, the
internet has been improved to the showground with WPFI being inslalled around the main field for the trade slands,
and into the pay booths. A second stage will indude the rest of the site at a future date, and hopefully a direct leasa
line in to give increased speeds.
It is also intended to upgrade the water supply. increasing water to the showground to better Sen￿ the toilet blocks
over show weekend and other events. This is to be left in the capable hands of John Carrick and Jonathan Elliot.
Throughout the year the Society continued to attrad enquiries to rent OLrt the bam & showground for a variety of
reasons thus enabling it to continue to drversify its income streams and probllde a 'buffer' against a damaging wet
show weekend in future years.
Financial review
The annual results show a surplus of £91,307 {2023.' £121.168).
The level of unrestricted free reserves at 31st October 2024 was £566,973 (2023: £466,965). The charity requires
reserves (money not designated for any purposes) in order lo fund the provision of the annual show and to improve
the on site facilrties. The trustees considei that reserves of at least the cosi of holding the show be held, together
with sufficient funds to enable the Society to finance the purchase of addttional facilitiès for the showground.
Stru¢ture> governance and management
Wolsingham and Wear Valley Agricuftural Society is a private limited company and a regislered Charity. The
company is limited by guarantee wrth the guarantors being the members to the extent of £1 each. The registered
charity number is 1082095.
The company was established under a Memorandum of Assoa8tion which estsblish8d the objects and powers of
the charitable company and is govemed under its Articles of Association. In the event of the Company being wound
up members are required lo contribute an amount not exceeding £1 each.
Admission of members lo the society is by writing to the Secretary of the Society which is then considered by the
Society's Council for admission.
The Trustees, who are also the directors for the purpose of company law. and who seNed during the year and up to
the date of signature of the financial statements were..
Mr J Hodgson
Mr l Ross
Mr J Bell
Mr G Pybourne
Mr K Lough
Mr J Emmerson
Mr P Walker
Mr J Suddes
Mr D Briggs
(Resigned 31 July 2024)
Trustee Induction and trainlng
Most trustees are familiar with the pradical work of the charity and are encouraged to take on relevant training.
Small company provisions
This report has been prepared in accordan￿ with the provisions applicable to companies entitled to the small
companies exemption.
The trustees, report was approved by the Board of Trustees.

WOLSINGHAMAND WEAR VALLEY AGRICULTURAL SOCIETY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Mr P Walker
Trustee
25 June 2025

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WOLSINGHAM AND WEAR VALLEY AGRICULTURAL
SOCIETY
I report lo the Trustees on my examinats'on of the finaneAal statements of Wolsingham and Wear Valley Agricultural
SocAety (the charity) foi the year ended 31 Oclober 2024.
Respon6ibilltie8 and basis of report
As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the
preparation of the financial statements in accordance with thè requirements of the Companies Act 2006 (the 2006
Act).
Having salisfied myself that the financial statements of the charity are nol required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's
financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charty Commission under section 145{5){b)
of the 2011 Act.
Independent examlnerf8 statemènt
Since the charty's gross in¢ome exceeded £250,000 your examiner must be a member of a body lisled in section
145 of Ihe 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW,
which is onè of the listed bodies.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charty as required by section 386 of the 2006 Act. or
the financial statements do not accord with those records.. or
the financial statements do not comply with thè accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounls give a true and fair view which is not a matter consKlered as part of an
independent examination., or
the financial slatements have not been prepared in accordan￿ with the methods and principles of the
Statemènt of Rècommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Repo￿n9 Stsndard applicable in the UK and
Republic of Ireland {FRS 102).
I have no concems and have come across no olher matters in conne¢tion wtlh the examination to which altention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
MrPWLamb
Independent Examiner
Allen Sykes Limited
5 Henson Close
South Church Enterprise Park
Bishop Auckland
Co Durham
DL14 6WA
Dated." 28 June 2025

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2024
Unrestricted Restrl¢ted
funds
funds
2024
2024
Totsl Unrestrfcted R8strlcted
funds
funds
2023
2023
Total
2024
2023
Note8
Income from:
Donations and lega¢ies
Other trading activities
Investments
57,583
283.198
62,683
57,583
283.198
62,683
47,227
333.665
53,355
47,227
333,665
53,355
Totsl Income
403.464
403.464
434.247
434.247
Expendlture on:
Charilable activilies
Other expenditure
309,761
2.358
312.119
38
309,829
892
2,358
312,187
892
Totsl expendltur•
309.799
2.358
312.157
310,721
2,358
313,079
Net incom•llexpendltur•) and
movement In fund8
93,e65
(2,358)
91,307
123.526
(2.358)
121,168
Reconclllatlon of funds..
Fund balan￿S al 1 November
2023
668,016
221,858
889.874
544.4
224,216
768,706
Fund balances at 31 Octobor
2024
761,681
219,500
981,181
668,018
221,858
889,874
The $18tement of financial activities indudes all gains and losses recognised in the year. All Income and expenditure
derive from continuing actiwties.

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
STATEMENT OF FINANCIAL POSITION
AS Af31 OCTOBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
14
414,208
422,909
Current a88ets
Debtors
Inveslments
Cash at bank and in hand
15
16
15,646
340.054
230,749
5,179
245,109
222,347
586.449
472,635
Creditors: amount• falllng due wlthln
one year
17
(19,476)
(5,670)
Net current assets
566.973
466,965
Total assèts less curr•nt liabllltles
981,181
889,874
Income funds
Restricted funds
Unrestricted funds
219,500
761,681
221,858
668,016
981,181
889,874
The company is entitled lo the exemption from the audit requirement conlained in section 477 of the Companies Act
2006, for the year ended 31 October 2024.
The directors acknowledge their responsibilities for comptying with the requirements of the Companies Act 2006
wtth respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial slalements have been prepared in accordance wrth the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on 25 June 2025
Mr P Walker
Trustee
Company registration number 03968279

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policles
Charity Inforniation
Wolsingham and Wear Valley Agricultural Society is a private company limited by guarantee incorporated in
England and Wales. The registered office is 5 Henson Close, South Church Enterprise Park, Bishop Auckland,
Co Durham. DL14 6WA.
1.1 A¢countlng ¢onvention
The financial statements have been prepared in accordance wtlh the charity's governing document, the
Companies Act 2006, FRS 102 -The Finanual Reporting Standard applicable in the UK and Republic of
Ireland. ('FRS 102.) and the Chariti'es SORP "Accounting and Reporting by Charitiès. Statement of
Recommended Practi￿ applicable lo charities prepanng their accounts in accordance with the Financial
Reporting Standard applic4ble in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The
charity is a Public Benefit Enty as defined by FRS 102.
The charity has taken advantsge of the provisions in the SORP for Charities not to prepar8 a Statement of
Cash Flows.
The financial statements are prepared in sterling. which is the functional currency of the charty. Monetary
8mounts in thes8 financial statements are rounded to the n8are$t £.
The financial statements have beèn prepared under the historical cost convention, modified to indude the
revaluation of cértain instruments at fair value. The principal arLounting policies adopted are set out below.
1.2 Golng concem
At the time of approving the finanrial statements, the Trustees have a reasonable expectation that the charity
has adequate resources lo continue in operational existence for Ihe foreseeable future. Thus the Trustees
continu8 to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestncted funds are available for use at the discretion of the TTUStees in furtherance of their charitable
objectives.
Restricted funds are subject to specffic conditions by donors or grantors as to how they may bè used. The
purposes and uses of the restricted funds are set out in the notes to Ihe financial statements.
Endowment funds are subj.ect to specific conditions by donors that the capiial must be maintained by the
charity.
1A Income
Income is recognised when the chaiity is legally enlitled to it after any performance conditions have been met,
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charty has been notified
of Ihe donation, unless performance conditions require deferral of Ihe amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at Ihe time of the donation.
Legacies are recognised on receipt or otherwise rf the charrty has been notified of an impending dislribution,
the amount is known, and re￿Ipt is expected. If the amount is not known. the legacy is treated as a
contingent asset.

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty, it is probable that a transfer of economic benefits will be required in settlemenl, and the amount of
Ihe obligation can be measured reliably.
Expenditure is classified by actmty. The cgsts of each activty are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activrty. Direct costs attributable to a single
activity are allocated directly to that activity. Shared Ca)Sts which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned betsveen those activities on a basis
consislent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the assefs use.
1.6 Tangible fixed assets
Tangible fixed assets are inttialty measured at cost and subsequentty measured at cost or valuation. net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Freehold land and buildings
Show equipment
IT equipment
4% straight line
150k reducFng balance
15% reduung balance
The gain or loss arising on the disposal of an asset is determined as the dIfFeren￿ be￿een the sale proceeds
and the carrying value of the asset, and is ￿CogniSed in the ststement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charrty rewews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indicalion
exists, the recoverable amount of the assel is estimated in order to determine the extent of the impainnenl
loss (rf any).
1.8 Cash and cash equlvalents
Cash and cash equivalents include tssh in hand, depostls held at call with banks. other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
wilhin borrowings in current liabilits'es.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financ￿1 instruments.
Financial instruments are reox)gnised in the charivs balance sheet when the charty becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. wrth the net amounts presented in the financial stslements, when
there is a legalty enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis or lo realise the asset and settle the liabilrty simultaneously.

WOLSINGHAMAND WEAR VALLEY AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies
{Continuod)
Inancial assets
Basic financial assets, which include deblors and cash and bank balances, are initially measured at
transadion price including Iransa¢tion costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the Iransaclion is
measured at the present value of the fulure rec*ipts discounted at a market rate of interest. Financial assets
classified as receivable wrthin one year are not arno￿"Sed.
Basic financial liabilitles
Basic financial liabilrties. induding creditors and bank loans are initially recognised at transacb.on price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amorts'sed.
Trade creditors are obligations to pay for goods or ServI￿S that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due wilhin one
year or less. If not. they are presented as notFcurrent liabiltties. Trade creditors are recognised initially at
transaction price and subsequentty measured at amortised cost using the effective interest method.
Critical aeeounting estimates and judgements
In the application of the charty's accounting policies. the Trustees are required to make judgements.
estimates and assumptions about the carrying amount of assets and liabilities 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 dtffer from these estimates.
The estimates and Ltndertying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the èstimate is revised where the revision affects only that
period. or in the period of the revision and futu￿ periods where the rewsion affects both current and future
periods.
Company limited by guarantee
The company is limited by guarantee, there being no share captlal. and as sueh is not controlled by any one
person but by the board of trustees as a whole. At 31 October 2024 there were 8 trustees each of whom had
undertaken to contribute an amount not exceeding £1 in the event of a winding up.
Donations and legacies
Unrestricted Unrestricted
funds
funds
2024
2023
Donations and gifis
Membership
Grants re￿1vable
Sponsorship
2,630
17,757
1,893
24,947
18,878
3,470
35,235
57.583
47.227

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Donations and logaciès
Icontlnued)
Grnnts recelvable for core activities
Department for the environment and Nral actiiAties
3,470
1,893
3,470
1,893
Incomo from othèr trdding activftles
Unre8tricted Unrestricted
funds
funds
2024
2023
Gate receipts
Entry fees
Fundraising events
Tradestands and franthises
Race cards and adverts
Returned prize money
other trading actwity
164,858
23,179
2.891
82,159
5,590
1,773
2,748
218,208
21,264
297
82,179
6,401
2,159
3,157
Other trading activrties
283,198
333,665
Invè8trnents
Unrestrlctsd Unrestricted
funds
funds
2024
2023
Bam rental income
Interest receivable
42,890
19.793
46,095
7,260
62,683
53,355
10-

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Expenditure on charitable activities
AgricUl￿ra1 Agrfcultural
show
show
2024
2023
Dlrect costs
Depreciation and impalmient
Show day ¢osls
Judges expenses
Affiliation fees
18,896
132,520
2,807
18,870
116,412
3,130
1,471
L li
Printing and advertising
Show sit8 Costs
Attractions
Prize money
Field & building repairs
Social event expenses
Bank charges & interest
Other show Costs
Donations given to other charities
28,839
20,243
14.986
38.824
19,062
1,702
33,170
17,698
23,793
34,785
35,999
969
250
282.129
286,547
Share of support and governance costs (see note 8)
Govemance
29,990
25,640
312,119
312,187
Analysis by fund
Unrestricted funds
Restricted funds
309,761
2,358
309,829
2,358
312,119
312,187
Support costs allocated to actlvilles
2024
2023
Governan￿ o)sts
29,990
25,640
Analysed between:
Agricultural show
29,990
25,640
11

WOLSINGHAMAND WEAR VALLEY AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Other
Unrestricted Unrestricted
fund8
funds
2024
2023
Investment management fee
892
892
10 Net movement in funds
2024
2023
The net movement in funds is stated after thargingl(credrting)'.
Fees payable for the independent examination of the charivs financial
statements
Depreciation of owned tangible fixed assets
900
18.896
900
18,870
11 Tru8tees
Mr l Ross, trustee received remuneration totalling £7,500 (2023.. £7.552) on behalf of his role as the charity's
bookkeeper and acting secretary. The tnjstees are salisfied they are the best person for the job.
No remuneration or other beneffts from employment with the charity or a related entity were recelved by the
other trustees.
Expenses relating to personal compuler costs totaling £88 (2023.. £160) were reimbursed so that the trustee
could carry out his duties.
12 Employe
The average monthty number of employees during the year was..
2024
Number
2023
Number
Employment costs
2024
2023
Wages and salaries
10,419
24,410
10,419
24.410
There were no employees whose annual remuneration was more than £60,CKKJ.
13 Taxation
The charity is exempt from taxakn'on on its acttvities because all rts income is applied for charFtable purposes.
12_

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
14 Tangible fixad aÈsets
Frtshold land
and buildlngs
Show IT •qulpm•nt
equipment
Total
Cost
At 1 November 2023
Additions
425,772
10,000
86,170
195
2,595
514,537
10.195
At 31 October 2024
435,772
86.365
2,595
524,732
Depreclatlon and Impalmient
At 1 November 2023
Depreciation charged in the year
65,701
9,463
25.546
9.101
381
332
91,628
18,896
At 31 October 2024
75,164
34,647
713
110,524
Carying amount
At 31 October 2024
360,608
51,718
1,882
414,208
At 31 October 2023
360,071
60,624
2,214
422,909
Additional assets held and used by the company but written off in full in the financial statements include
Secretary's caravan office. Trophies, Show equipment, offi￿ furniture, Storage containers, Personal
computer and planning fees.
16 Debtorn
2024
2023
Amounts falllng due wlthln one yoar.
Tradè debtors
Other debtors
Prepayments and accrued income
14,510
1,056
80
3,925
1,056
198
15.646
5,179
16 Current as8et Investments
2024
2023
Deposrt acr))unts
340,054
245,109
13-

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
17 Creditorn: amourbts falling duè within ono year
2024
2023
other taxation and social securty
Trade creditors
Other creditors
Accruals and deferred income
125
3,639
3,000
12,712
203
1,017
3,000
1.450
19,476
5,670
18 Re$trlcted funds
The restricted funds of the charity ￿MprIse the unexpended balances of donations and grants held on trust
subject lo specific conditions by donors as to how they may be used.
At1
November
2023
Resource8 At 31 Octobor
expended
2024
Freehold land
Amenity building fvnd
Durham county council
178,989
35,369
178,989
33,011
7,500
(2,358)
221,858
(2,358)
219,500
Previous year:
Resources At 31 October
expèndèd
2023
Novembor
2022
Freehold land
Amenity building fund
Durham county C£Juncil
178.989
37,727
178,989
35.369
7,500
{2,358)
224,216
(2,358)
221,858
Freehold land represents the showground land and buildings held by the charity.
Amenities Building Fund represents the grants, raffles and donations received towards building the new
amenity building in 2014.
Durham County Council represents funding provided towards the cost of developing the car park.
14-

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
19 Unréstricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for spe￿riC purposes.
Incoming
resources
Resources At 31 October
expended
2024
November
2023
General fvnds
668,016
403,464
(309,799)
761,681
Provlou• yoar.
Atl
November
2022
Incomlng
resourcès
Rèsourcos At 31 October
expended
2023
General funds
544,490
434,247
(310,721)
688.016
20 Analysls of net assets between funds
Unrestrlcted
fund8
2024
Restrlcted
fund8
2024
Totsl
2024
At 31 October 2024:
Tangible assets
Current assetsl(liabilitie8)
194,708
566.973
219.500
414.208
566,973
761,681
219,500
981,181
Unrestrlcted
funds
2023
Re8trl¢ted
funds
2023
Total
2023
At 31 October 2023:
Tangible assets
Current a&8elsl(liabilities)
201.051
466.965
221,858
422.909
466,965
668.016
221.858
889,874
21 Related party transactions
Transactions with related parties
During the year the Gharity entered into the following transactions with related parties:
15-

WOLSINGHAM AND WEAR VALLEY AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
21 Related party trangaetlons
(Continued)
Payments totslling £1,779 (2023.. £2,900) were made to David Briggs Plant Hire in respect of plant hire &
construction seNices prFor to his resignation as a trustee. Mr D Briggs. Trustee (resigned 30 July 2024), is the
proprietor of David Briggs Plant Hire. At the date of his resignation there were no amounts outstanding
belween the charity and David Briggs Plant Hi￿.
Payments totaling £7,333 (2023.. £7,200) were made to Mr S W Pyboume in respect of grounds keeping work
on the srte during the year. Mr S W Pybourne, is the son of Mr G Pyboume, Twstee. At 31 October 2024 there
werè no amounts outstanding behveen tha chanty and Mr S W Pyboume.
16-