Reglstered number: 07007505 Charity number: 1133252 GRANSDEN AND DISTRICT AGRICULTURAL SOCIETY (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ¥ACIGQFSY 1410412023 COMPANIES HOUSE A03
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GRANSDEN AND DISTRICT AGRICULTURAL SOCIETY IA Gompany limited by guardntee) CONTENTS Page Reference and admlnlstrntive detalls of the charbty. its Trustees and advisers Trustees. rèport Independent examlnorfs report Statemenl of financial activities Balance sheet Notes to the financial ststements 9-18
GRANSDEN AND DISTRICT AGRICULTURAL SOCIETY (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees A J Ashcroft Mrs C Hall M G Capps N J S Kiddy (appointed 13 JLme 2022) Mrs J M Lenton. Vre Chair Miss D R Hall (appointed 13 June 2022) Mrs M J Morgan. Chair (resigned 13 June 2022) G N S Kiddy. Chair J S Burgess Mrs P J Sharp J Griffiths (resigned 28 Matth 2022) C A Jennings A R Jennings E Weatherhead Company reglstered number 07Ch)7505 Charlty reglstered number 1133252 Registered office 20 Whiston Way Sl Neots Cambs PE196AU ConNJany socretary Mrs C L Kane Accountants Streets Whitmarsh StertarKJ LLP Potton House WS1on Lakes Great North Road w)0stOn Bedford MK44 3BZ Bankers Barclays Bank Leicester Leics LE87 28B Cambridge and Counties Bank Chamwoc¥J Court New Walk Leicester LE1 6TE Page 1
GRANSDEN AND DISTRICT AGRICULTURAL SOCIETY (A company Ilmited by guaranlee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present their annual report together with Ihe financial statements of the d)arity for the year 1 January 2022 to 31 December 2022. The Annual report serves the purpose5 of both a Trustees. report and a directors. report under company law. The Trustee5 confirm that the Annual report and financial statements of Ihe ehariL7bFe company comply with the euThent Slatutory requirements. the requirements of the charitable companrfs goveming document and the provisions of the Statement of Reeommended Practice ISORPI applicable to charities preparing their accounts in aecordance the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS102) leffeclive 1 January 20191. Since the charity qualifies as small under section 382 of the Companies Ac¢ 2006. the Strategic report required of medium and large companies under the Companies Act 26 (Strategic Report arKI Directors. Report) Regulations 2013 has been omitted. Objectives and activities a. Policies and objectives The Charis objedive is the advancement of agriculiure and horticjjlture for Ihe public benefit. In setting objectives and planning for actNifJ"es. the Trustees have given due considerat.on to general guidance published by the Charity Commissbon relating to public benefit. induding the gubdance 'PLbblic benefil: running a charity (PB2)'. b. Aclivities undertaken lo achleve objectlves The objectives have. once again, been achieved by holding the sociews annual show al Greal Gransden. maintaining the tradrtional community event of prevtous years and attracting people of all ages, from all walks of life. The communty benefits from the opportunty lo provide serwces to the show with the committee using local trade where possible. The show indudes a variety of competitions, exhibitions. dispLgys, and trade stands, lo involve and educate local sthools. communty groups and families. For the local agriujltural and hOrticuvral community, the show is an opportunty to come together lo exchange ideas and knowledge. make new acquaintances and renew old on&s. There is stroThJ sense of Mmunity within the show which is well regarded by rnany. Local SCh¢IS are eligible to app for grants to enhance the pupils. understanding of agriculture and horticulture. Applicalions were received from iwo schools during the year. to be cnnsmlered after the year end. Previous grants have been used lo develop gardening. fanIng and outdoor actNities and to support trips for educational, agricultural or horticultural purposes. . Main activltles undertaken to further the ¢harity's purposes for the publlc benefft The charity seeks to prov¢de an annual Sh in the village of Great Gransden. as one of the few events of ils still run on a regular basis in the UK. The committee who org8nise the details of the show (which Invo trustees and other individuals) geek lo provide a range of demonstrations and activities which provmle something of interest for everyone while maintaining an agricuttural flavour. The show day alsts prtivides an opportunity for visttors to get close to a range of farm animals. The chanty is dependent on income received from visitors and businesses attending the show. as well as other sponsorship and advertising revenue. When surplus fvnds are available. the trustee$ make donations to other charities and community groups. Page 2
GRANSDEN AND DISTRICT AGRICULTURAL SOCIETY (A company Ilmlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 ObJ6Ctlves and activities (continued) In 2022, ¢knations were grven to the following charities and other organisatsons iluding Bedfordshire Young Famers. The Country Trust, RABI. Cadets. Molhers Union. Ladles in Pigs, British Pig Association. Matthew John Thomlon Higgs. Cambridgeshire Hunt. and Roundatrxwl Magazine. The donations regnISe the voluntary SUPPOrt given to the charity by these groups and. in Ihe case of Ihe dOnat)n tr) The Country Trust. lo Provide £2.0 towards transport o)sts for disadvantaged children to be able lo visit a farm. The Iruslees consider that the range of activities promded arKI donations made to other organisalions enable the charity to fulfil ils requirement to operate for Ihe public benefrt, in accordance with the Charity Commission guidance. Achlevements and perforn)ance . Main achievements of the charlty The sccietys members committee aThl directors sub committee meet several times during the year to plan Gransden and District Agricultural STh?elVs annual show. The charivs online booking sjstem recorded 3.$98 tickets sold the day, plus around 2.500 sold in advanc4. If memb8rs. judges aTrJ exhibitofs are also induded. it is estimated that over 7.500 people visited the show. The show included many of the usual competitions for sheep, cattle. poultry and horses and welcomed displays of rare breed animals. flowers. country erafts and vintage vehideg around the showground. The show continues lo be well publieFsed in the local community. as V11 as using tr£ ehantys webstte and Facebook pages. The success of the 2022 show enabled the charty to give a total of £5.OCwJ to other organisations (2021 £2,618). Finan¢ial revlew a. Golng concem The charity generated net income of £2,733 in the yEar (2021 surplus of £17,397). After making appropriale enquiries, the Trustees have 8 reasonable expectstion that Ihe charity has adequate resources lo continue in operational existence for the foreseeable ftrture. For this reason. they continue lo adopt the going cnncem basis in preparing the financial ststemenls. Fur1her details regarding the adoption of the going conrn basis can be found in the accounting p)liaes. b. Reserves policy The Iruslees are mirKlful that the costs of holding the show each year continue to rise and that a great deal of tirne is provided free of tharge by volunteers. particulaty in the weeks leading up to the day of the show. 11 has been the charitys policy to maintain reserves sufficient to suppjrt at least a full years expenditLtre as it would not be unknown for the slb)w to have lo be cancelled the day before. still incurring the majority of costs but wilhoul any income. The trustees consider Ihat the main risk faclors which may cause the show to be cancelled are diseases and poor weather, neither ofwhtch can be controlled by the charity. Page 3
GRANSDEN AND DISTRICT AGRICULTURAL SOCIETY IA company Ilmlled by guarnntee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 The Iruslees estimate the totsl costs lo be in the region of £110.000 per annum and seek to hold general reseNes of al least this amount. The charitys actual level of reserves continues to be much higher than the minimum reseryes pdicy. The tswstees have eontinued to actsvety promote the grant schemes available lo individuals and schry)Is and have increased the donations made to other organisalions in 2022. They eonlinue to monitor the level of accumulated reserves going forward lo ensure Ihal the ¢hariVs funds are used to further the Charitae objedives. Stiucturel governance and manag•ment . Constitution Gransden and District Agricultural Society is registered as a charitatle cornpany limited by guarantee and was set up by a Memorandum of Association. b. Methods ol appointment or electlon of Trustees The management of the company is the responsibifity of the trusleesldirectors. The appointment of trusteesldirectors is in accordance wth the Memorandum and Arbcles of Association. The directors may appoint mid-lem), by resolution. a person who is Vlilling to act to be a director bul this person must then retire al the next AGM and cannot be used lo detemiine the one third of direclors being required lo retire by rotation annually. Election al the AGM is by members majority. ¢. Organi5ational structure and declslonrymaklng policles The board of trusteeslcommittee meet regularly to prepare for the annual show. The company consists of a board of directors and. in addition to this board. thefe are further committee members. The main decision making is via the directors wrth a limiled amount of delegation to the Secretary for every day operalion in consullatNJn wlh the Chairman. The committee members specialise in specific are8s of the sh¢)w and gwe advice to the directors on procedural i%sues relabng to their areas. d. Financial risk management The Trustees have assessed the major risks to wthich the chanty is exposed, in particular those related lo the operations and finances of the charity. and are salisfied that Systems and prwedures are in pLqce lo mitigate exposure lo the m4or risks. e. Trnstees. indemniti•s In accordance with normal commercial pracbce, the charity has purchased indemnity insurance lo prolecl the Injsleesldireclors from daims arising againsl them bthile acting on behaw the charity. The level of tover for directors and officers is £5.C*JO.OIXI and corwrate cover is £l.000.000. Plans for fvture perfods The next show is planned to tske place on Salurd8y 30 September 2023 and infomialion for visitors, eompelilors and exhibitors is being made available on the thariws website: gransdÈnshow.org.uk as and when it is availaNe. Page 4
GRANSDEN AND DISTRICT AGRICULTURAL SOCIEr IA company Ilmlted by guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2022 Statement of Tru$te8s' responsibilitios The Trustees (who are also the directors of the charity fcf the purposes of (y)mpany law) are responsible for preparing the Trustees, report and the financial staternents in accrdanCe wlh applicable law and United Kingdom Accounling Stsndards (United Kingth)m Generalty Ac(tpted Actounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law. the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the charity and of its incoming reSoUrS and appliration of resources, induding ils income and expenditure. for that peric*Y. In preparing these finanual statements. the Trustees are required to.. select suitsble ac£ounling policies and then apply them consistenltr. observe the methods and prinryples of Ihe Charilies SORP {FRS 102); make judgments and accounting estimates that are reasonable and prudent- stale whether applicable UK Accounting Standards {FRS 1021 have been foll(ved, subject to any material departures disdosed and explained in the financial slatements" prepare the financial statements on Ihe going concem basis unless il is inappropriate to presume that the charity wll conbnue in buslness. The Twstees are responwble for keepi adequate aCCn"ng records that are sufficient to show and explain the charitys transactions and disclose wlh Softable aeeuracy at any lime the financial position of the charity and enable them to ensure that the financial stslemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonab steps for the prevention and detection of fraud and other irregularib"es. Approved ty order of the members of the board of Trustees and signed on iheir behaff by.. GNSKiddy Chair of trustees Date: 13 March 2023 Page 5
GRANSDEN AND DISTRICT AGRICULTURAL SOCIETY (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Independent examlnerfs report to the Trusle•s of Gransden and District Agrfcultural Soclèty Ilhe charlty) I reF)Ort to the charity Trustee$ on my examinati of the accounts of the charity for the year ended 31 December 2022. Responsibilities and basis of report As the Trustees of the charity land its drrectors for the of company lawl you are responsible for the preparation of the accounts in accordance the requirements of the Companies Act 2006 ('Ihe 2006 Act,). Having satisfied myself that the a¢InIS of the charity are not 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 charrtls accounts carried out under section 145 of the Charities Act 2011 Ilhe 2011 Acfl. In carrwng out my examination I have fdlowed the Directions gNen by the Chaiity Commissi¢)n under sectton 145(5Xbl of the 2011 Act. Independent examinees statement I have completed my examination. I conffirm Ihat no matters have come to my attention in nnecti¢)n with the examination giving me cause to believe". accounting records were rt kept in respect of Ihe charity as requtred by section 386 of the 2006 Ad; or the accounts do not accord with those rerds. or the accounts do not comply wrth the accounting requirements of section 396 of the 2)6 Act other than any requirement that the accounts give a Ifue and fairf vitrw which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with Ihe methods and principles of the Statement of Recommended Practice for accounting and pOrting by charities lapplicable to charities preparing their accounts in accordarKe wilh Ihe Finanual ReFth'rwJ Stsndard applicable in the UK and Republic of Ireland IFRS 102)]. I have no 1xcernS and have come acros5 rbo other matters in connection wth the examination to which attenti should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. This report is made solely to the charitys TnJstees. as a body. in accordance wilh Part 4 of Ihe Charities (Accounts and Reports) Regulations 2008. My woth has been undertaken so Ihal I might stale lo the ¢hariVs Trustees those matters l am required lo stste to them in an IrHlependent examinerfs report and for no other purpose. To the fullest exlenl pemiitted by law. I do not accept or assume responsibility to anyone other than the charity and the charivs Tnjstees as a b&Jy. for my work or for Ihis report. Dated: 31 (f¥i¢trk *)13 LiTrJa J Lord 8Sc BFP FCA TEP Streets Whitmarsh Slerland LLP Pollon House. W$ton Lakes, Great North Road. WItslon. Bedford. MK44 3BZ Page 6
GRANSDEN AND DISTRICT AGRICULTURAL SOCIET (A company limited by guarante•) STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEM8ER 2022 Unrestrlcted funds 2022 Total funds Tolal funds 2021 2022 Note Income frryn: Charitsble activities Inveslments 118.648 1,624 118.648 1,624 109,504 1.346 Total income 120.272 120.272 110,850 Expenditure on: Charitsble aclivilies 117.539 117.539 93,453 Total expendfture 117,539 117.539 93,453 Net movement In funds 2,733 2,733 17,397 Reconciliation of funds: Total funds brought forward Nel movement in funds 185,304 2,733 185.304 2,733 167.907 17,397 Total fvnds Carri forward 188.037 188.037 185.304 The Stslemenl of financial actiwties indudes 1 gains and losses retC*3nised in.the year. The notes on page$ 9 10 18 form part of these ffinan(ial statements. Page 7
GRANSDEN AND DISTRICT AGRICULTURAL SOCIErY (A company Ilmited by guarafttee) REGISTERED NUMBER: 07007505 BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2027 Note Fixed a$sets Currnnt assets Debtors Investments Cash al bank and in harKI 10 20,768 91,218 79,819 92,119 98,578 192,245 191,805 Creditors.. amounts falling due within one year 12 14.208) (6,501) Net current a8ts 188.037 785,304 Total net assets 188,037 185,304 Charity funds Unrestricted funds 13 188.037 185.304 Total funds 188.037 185,304 The charity was enlided to exemption from audit under section 477 of the Companies Act 2006. The rnembers have not required the company to obtsin an art for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknovAedge their responsibilities for complwng vthh the requirements of the Act with respect to accounting records and preparation of financial ststemenls. The financial ststemenls have prepared in acc¢ydance vrrith the provisions applicable to entities subject lo the small companies gime. The financial statements were approved and authorised for issue by Ihe Trustees and signed on their behalf by. GNSKiddy Chair of trustees Dale.. 13 March 2023 The notes on pages 9 to 18 form part of these fancial statements. Page 8
GRANSDEN AND DISTRICT AGRICULTURAL SOCIEr (A company Ilmitèd by guardnteè) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2022 Genoral InfOrntIOn As sel out in the trustees. report. Gransden and CJistn"ci Agricultural &¢iety is an incorporaled charity regISted in England and Wales. The address of their registered office 20 Whiston Way. Si Neots, Cambs PE19 6AU. The finawal slatemenls are kyepared in sterling. wbich is the fUnCtnal currency of the entity. The charitys objects are staled in the trustees. rekKJrt. Accountlng pollcies 11 Basis of preparation of financial slatements The financial stslements have been wepared in accordance with the Charities SORP IFRS 102) - Accounting arKI Reporbng by Charilies.. Stslemenl of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 {effective 1 January 20151. the Finanual Reporbng Stsndard applicable in the UK and Republic of Iland (FRS 102) and Ihe Companies Act 2(K)6. Grdnsden and t*strict Agricultural Sw"ety meets the definition of a public benefit entty under FRS 102. Assets and liabilities a intiially recognised at historical Cost or transaction value unless otheThvise stsled in the relevant accounb'ng pdicy. 2.2 Fund accountlng Ggneral lunds are unrestrided funds are available for use at the discretion of the Trustees in furtheran of the general obJ"ectives of the tharity and whith have not been designated for other purposes. 2.3": In¢omo All income is reojgnised once ts charity has entitlement to the income. it is probable that the income will be received and the aThnI of inrA)me receivable r2n be measured reliab. 2.4 Expendfture Expenditure 1$ recognised once there is a legal or conslruclive obligabon to transfer econornic benefit to 3 third paty. it is probatAe that a transfer of economic benefits will be required in setdemenl and the amount of the obligation can be measured reliably. All expenditure is acLounled for on an accnJals basis. All expenses. including surwrt CL)sts and costs relating to the governance of the charity. are induded in Charitab aclivilies. Grants payable a Charged in year vA7en the offer is made except in Ihose cases where the offer is cditional. such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subjed to ¢onditi"ons which have not been met at the year end are noted as a ¢ommitmenl. bul not 8red as expenditure. All expenditure is indusive of irrecoverable VAT. Page 9
GRANSDEN AND DISTRICT AGRICULTURAL SOCIETY (A company Ilffllt•d by guarnnte¢) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounling policies (contlnued) 2.5 Inlerest receivable Interest on funds held on deposit is induded when receivable and the amount can be measured reliabty by the tharity, this is normally upon nottfication of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayrnents a valued at the amount prepaid nel of any trade discounts due. 2.7 Cash al bank and in hand Cash at bank and in hand includes cash and short-tem) highty liquid investments wth a short maturity of three months or less from the date of acquisi1n or opening of Ihe deposit or similar account. 2.8 Llabllllles and provlslons Liabilities are recognised there is an obligation at the Balance sheet date as a result of 8 past eveni. it is probable that a transfer of econom benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Liabilities a reeognised at the amount that the charity anticipates il wll pay to settle the debt or the amount it has received as advanced payments for the gx#Js or services it musl provtde. 2.9 Ponsions The tharity operates a defined cnntributN)n pensN)n scherne and the pensK)n charge represents the amounts payable by the i*arty to the fund in respect of the year. Page 10
GRANSDEN AND DISTRICT AGRICULTURAL SOCIETY (A comp•ny limiled by guarnntee) NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Incorne from charitable adivitios Unrestricted funds 2022 Total funds 2022 Total funds 2021 Gate money Entrance fees Craft lent 81,995 5,139 2,905 20,517 2,781 123 2,085 3,103 81.995 5.139 2.905 20,517 2,781 123 2,085 3,103 75,709 3,393 2,323 21,390 3.215 118 1.795 1.561 Trade stsnds Subscriptions Sponsorship Advertising Fc4Jd hall Total 2022 118,648 118,648 109.504 Investment Income Unrestricled funds 2022 Total funds 2022 Tol81 funds 2021 Interest received 1,624 1,624 1.346 Analysis of expenditure on charitable acllvilies Summary byfund type Unrestricted funds 2022 Total 2022 Total 2021 Gransden Show Grants 112,539 112,$39 5,000 90.835 2,618 117,539 117,539 93.453 Page11
GRANSDEN AND DISTRICT AGRICULTURAL SOCIE (A company Ilmltèd by guaranteé) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Anatysls of exp8nditure by acliviti•s Activities undertaken dirgctty 2022 Grant fvnding adivities 2022 Support costs 2022 Total funds 2022 Total funds 2021 Gransden Show Grants 111,321 1.218 112,539 5,000 90,835 2,618 111,321 1,218 117.539 93,453 Total 2021 89.605 2.618 1.230 93,453 Page 12
GRANSDEN AND DISTRICT AGRICULTURAL SOCIETY IA company limlted by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Analysis of expenditure by activities (continued) Anatysls of direct costs Total funds 2022 Tot81 funds 2021 Staff costs Depreciation Showgrovnd expenses Judges. expenses Prizes granted Catering costs Printing and staknonery Postage Advertising Telephone and intemet Reading room hire Subscriptions Miscellaneous expenses 12.747 12.591 92 83.197 60,405 180 5.497 2.209 4,438 171 5.654 2,058 3,783 598 77 1.387 199 35 241 2,160 234 65 201 2,707 89.605 Analysls of support costs Total funds 2022 Tolal fund 2021 A¢¢ounlancy fees and independenl examination 1,218 1,230 Page 13
GIIANSDEN AND DISTRICT AGRICULTURAL SOCIETY (A Company limited by guarant} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Analysis of grants Grants and Donations 2022 Total funds 2022 Total ftinds 2021 Granls paid 5.000 2,618 Totsl 2021 2,618 2,618 Unr•stricted funds 2022 Total funds 2022 Total funds 2021 Other donations Cadets RABI 600 600 600 400 The Pony Club Mothers Union Ladies in Pigs British Pig Association Roundabout Magazine Gransden 8cwAs Club Bedfordshire Young Farmers The County Trust Matthew John Thomton Higgs Cambridgeshire Hunt 300 250 250 100 300 250 250 100 118 250 250 100 250 2.000 250 250 2,000 250 400 5,0 5,000 2,618 Page 14
GRANSDEN AND DISTRICT AGRICULTURAL SOCIET (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Staff 81$ 2022 2021 Wages and salaries Contribution to defined ntribu"an pensron schemes 12,223 368 12,747 12,591 The average number of persons emplOd by Ihe charity during the year wag #s follows: 2022 No. 2021 Event Manager No employee received remUne10n amountirtg to more than £60,OCQ in either year. The key management personnel of the charity comprise the trustees and th8 Show Seerèlary. None of the Iruslees receive any remuneration. The total amount of emF4oyee benefits (including employer pension eonlributions) reiVed by key management personnel for their Services to the eharity was £12.74712021 £12,591 J. Truslees. remunoration and axpenses During the year, no Trustees receNed any remuneration or olher beneffts {2021- £NIL). During the year ended 31 December 2022. no Trustee expenses have been inujrred (2021- £641). 10. Debtors 2022 2021 Due wlthln one year Other debtors Prepawnents and accrued income 19,573 1, 195 1,S48 20.768 Page 15
GRANSDEN AND DISTRICT AGRICULTURAL SOCIEr IA Company Ilmlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 11. Current asset Invostments 2022 2021 Fixed temi bank deposits 92.119 91,218 11 Creditors: Amounts falllng due withln one year 2022 2021 A¢¢ruals and deferred incoff 4.208 6,501 13. Statement of funds statement of funds . current year Balance al 31 D¢¢ember 2022 Balance at 1 January 2022 Incom8 Expenditure Unreslrlcted funds General Fund 185.304 120.272 1117.$391 188.037 Designaled funds A separate. designated fund represents the value of assets purchased by the harity, whth is reduced by the annual deprecialh)n charge. General funds - Net income generated from the annual show is added to general reseNes and will be used lo fund future activities in acwd8nce wtth charitale objectives. Page 16
GRANSDEN AND DISTRICT AGRICULTURAL SOCIEr (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 13. Stslgment of funds Icontsnued) Statern•nt of fvnds . prior year Balance af 31 Decernber 2021 Ba18nce at 1 January 2021 Income Expenditure Unrestricted funds Deslgnated funds Fixed Asset Reserve 92 {92J General funds General Fund 167.815 110.850 (93.361) 185,304 Total Unrestricted fvnds 167.907 110.850 (93,453) 185,304 14 Analysis of net ats fvnds Analys1$ of ngt ats between funds - cunènt year Unrestricled funds 2022 Total funds 2022 Current assets Creditors due within one wr 192.245 14,2081 192,245 14.208) Total 188,037 188.037 Page 17
GRANSDEN AIID DISTRICT AGRICULTURAL SOCIETY IA company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 14. Analysis of net assets between funds (contlnued) Analysis of net assets between fvnds- prlor year Unresfricted fvnds 2021 Tot81 funds 202t Currenl assets Creditors due wthin one sEar 191,805 <6,1) 191,805 (6,501) Total 185,304 185,304 15. Related party transactS¢)ns The charity h8s not entered into any related party transactron during the year. nor are there any outstanding balances owng belween related parties a1 Ihe charity at 31 Oecember 2022. Page 18