Frome an(1 Dlstrfct A8ricultural 5aclety Llmlted Charity No. 1138613 Compony No, 07344699 Tru5tees' Report and Unaudlted Accounts 31 December 2024
Frome and Dlstrict Agrlcullural 5oclety Limlted ontents Pagcs 2to3 Trustees, Annual Report lTrdependent Examlner's Report Statement of Flnancial Actlvltle5 Summary Income and F.xpeDdlture Account Balanc¢ Sheet Statemeit of Cash flows Notes to the Accounts 9t016 Detailed statement of Flna ncial Actlvities 17tolB Pagè I
Frome and Dlstrlct Agrlcultural SoclEty Llmited Trustees Annu41 Rèport The trustees, who are also dlrectors of the rharlty for the purpose5 of the Companles Act 26, present their report wlth the unaudited flnaiiclal statements of the charlty for the year ended 31 December 2024. REFERENCE AND ADMINISTRAIIVE DETAILS Company No, 07344699 Chjrfty No. 1138613 Prlnclpal Office West Woudlands Show Ground Bunns Lane West Woodlands Frome BAII SES FleEiSt8red Offlce West Woodlands show Ground Bunns Lane West WoDdland5 FrDme BAII SES Dlrectors and Trustees The Dlrectors of the charltable comppny a Its Trustees for the purp05e5 of charlty law. The following Directors and Trustees served durlng the Year: R.W, Ainev M.1(. Brako P.J. Cary R.P. Cary J,R. Dowllng S.F. Fear A.E. Flower T. Haygreen S.C. Head M.A. Hlnton J.S, Padfield K.11,G. Penny J.A. Salmon S.H, Welch B.C. Wilson (Reslgned 17 April 20241 IRe5i8ned 17 Aprll 20241 IRvslgned 17 Aprll 20241 KeyMana8emant Personnel Chalr Atcountants Ms K. H. G. P2nny Page 2
Frome and Dlstrlct Agrlcultural Soclety Limlted Trustees Annual Report R. E. Froud & Assodates Ltd 61 Robins Lane Frome Somerset BAII 3ET Bankeys HSBC 46 Fore Street Yrowbrid8e WSltshlre BA14 8EL oBJEIVEs AND ACTIVITIES The purpose of the charity a5 set oirt In its Eoveming document are to promote the general advancement of agriculture, forestry and horticulturo through provldi)g exhibtiDns, te£hnical educatlon, sdentlflc Investlgatlons and Dther such means. The maln activities undertal<en In relatlory to those purp05e5 are a one day show where the ¥erieral publlc have an opportunity to see a wide range of farm anlrnals and varlety of cheeses produced throughout the world, Thls provldes education and training In all a.4pects of farmln& cultlvatlon and management of land and a11Sed trades. An annuul. agrlcuirural show Is held at whlch farmers and cheese producers exhlblt the best of thelr work to show the publlc. Man¥ of th¢ exhlbits demonstratè how thelr product or1Svestock Is produced. The trustees confirm that they have CDrnplled wlth the requlrernents of sectlon 17 of the Charltles Act 2011 to have due regard to the publlc benefit gu1dance publlshed by the Charlty Commlsslon for England and Wales, The Iru5tees arè responslble for keeping proper accountin8 recurds that dlsclose wlth reasonable accuracy at any tSme the financlal posltlon of the chirlty ar.d to enable them to ensuro that tho financial statcmcnts compty wlth the CompaDles Act 2006. The Trustee5 are also respon51ble fur. safeguardlng the 35sets of the charlty and hence taking reasonable step5 for tPie prevehtlon ahd detectlon of fraud and other ',rreoularltles, Tho above report has been prepared in aGLurddllLe wlth the provi5ion5 appllcable to companles subje¢t to the small companies reglrne a5 Set out in Part 15 of the CDmpanles Act 2C(JS and in accorclance with the Charitles SORP ¢FR.S 10?.). Slgned on behalf of the board K.H.G. Penny Trustee 20 March 2025 Page 3
Frome and Di5trirt Agrlcultural Socl*ty Llmited Independent Examiners Report Independent Examlner's RepL)rt lo the trustees of Frome and Dlstrlct Agrlcultural SDclety Llmlt8d I report to the charity trustees on my exa mination of the flnancial statement5 of Frome and Dlstrl Agrlcultural S()tlety Llmlted for the year ended 31 December 2a24. Re5pon5ibllltle5 and bas15 of report As the charlty's trustees of th?. r.nmpany land also Its dlrectors for the purposes of coi)Ipany lawl you are respon51blo for the prep2Tatlon of the flnanclal statements in accordance wlth th& requlrements of the Companies Act 21Xi61'the 2006 Act. Havlng satlsfled myself that the flnancial 5tHtp.mpnts of the C.harlty are not requlred to be 3udlted under Part 16 of the 2006 Act and are ell8lble for Indeper)dent Èxamlnatlon, I report In respect of my examinatlon of Your char ty'5 flnanclal slitement5 a5 C<irrled eut under Section 145 of the Charltles Act 20111'the 2011 Act,), In carr¥lnB Qut my examlnation I havf followgd the Directlons glven by thÈ Chority Comm1551on under Section 14515) Ibl of Ihe 2011 Acl. Independentexamlner's 5tatempnt A5 the chaflty's Eross income exGe8déd £25D,000 your examlner must be a momber of a body Ilsied In sertion 145 of the 20JI Act. I confirm that l am qualified to undertake the exarnlnatlon because l am a member OF Chartered I nstltu¢e of Man38empnt Accountants, whlch Is one of the Ilsled bodies. I have completed my emamlnatlon. I can conflrm that no materlal matters have come to my attentluri In connectlon wSth the examlnatlon glvlng me cause to believe: Bccauntln8 records were not kept In accordance w1th sectlon 385 of the 2006 Act ,' or the tlnanclal statements do not accord with Ih05e records; or the flnanclèl statements do not CDITiyly wilh the accountlng requlrements under sectlon 396 af the 200S Act o+hoi than any requlrement thot the flnanclal statements 8lve a 'true and falr, vi@w which Is not a m<iLI'er considered a5 part of an Independent examlnatlon, or the flnancial statements have not been prepared In accordance wlth the methods and prlnclples of the Statement of Recommended Practlce for accountlng ahd repor¢in8 by ¢haritles applicable to charltlE5 preparing thelr accounts In accordance wlth the Financlal Repc)rtln6 standard appllcable In the U K and Republir of Irelond {FRS 102). I havc no conre.rn5 and have come across no Other mattor5 in connectlon wllh the ex4mlnation to whlch attentlon should bc drawn In thls report in order to enable a proper understandlng of the financlal statements to be reached. Natalle Froud ACMA CGMA R. E. Froud & A550clates Ltd 61 Robins Lane Frome Somerset BAII 3ET 20 March 2025 Page 4
Frome and Dlstrict Agrlcultural Society Limited statement of Finandal Activltles fot thé year ended 31 De¢ember 2024 Unrestricted fund5 Total funds Total funds 2024 2024 2023 Notes Income and endowments from.. Donatlons and IÈEacie5 other tradin8 aclivltles Inirestment" Other 37,710 294,363 626 46,503 37,710 294,363 626 60,216 266,667 1,791 35,673 46,503 Total 379,202 379,202 364,347 Expendltur8 on: Raising funds Cha ritable acilvltles Other 224.638 Z24,638 10,762 129,588 232,325 6,809 93,832 io L29,588 Total 364,988 364,S88 332,966 Net galns on Investments Net Income li 14,214 31,381 Transfers between funds Net Income before othèr galhs/llosses) 14,214 14,214 31,381 0th8r galns and losses Galns on revaluation of fixed assets 158,694 158,694 Ngt movement In fund5 172,908 172,908 31,381 Reconclllallon of funds: Total funds brought forward 1,541.833 1,541,833 1,510.452 Total funds carrled forward 1,714,741 1,714,741 1,541,833 PaEe 5
Frome and Dlstrlct Agrlcultuial Soci&ty Limited Summary Income and Expendlture Account for the year ended 31 December 2024 2024 2023 Income 378,576 362,556 Iriterest and ifivestment income 626 1,791 Gross In¢ome for the year 379.202 364,347 Expenditure 361,663 357,6 Depreclatlon and charges for impalrment of flxed assets 3,325 124,y401 Total expendlture for the year Net InLome bef¢re tax ft)r the year 364,988 332,966 14,214 31,381 Net Incomè for the year 14,214 31,381 Page 6
FrDme and District Agrlcultural Soclety Llmited dalance Sheet at 31 DEceMber 2024 Campany No. lJ7344699 Notes 2024 2023 Flxed assets Tangible assets 14 1,672,558 .672,558 1,512,292 1,512,292 Current assets Debtors Cash at bank and In hand 15 13,296 37,949 51,245 19,0621 42,183 10,059 32,297 42,356 (12,815) 29,541 Credltors,. Amount falllng due withln one yeai Net current ass@t5 16 Total assets less current IlabllitSes 1.,714,741 1,541,833 1,541,833 Net assets exduding pensSon p55et or Il£blllty 1,714,741 Total net assets 1,714,741 1,541.833 The funds of the Charltv RBstrfcted funds Unre5trlctsd funds General funds 18 IB 996,894 982,680 996,894 982,680 Reserves Revaluatlon rese rve 18 717,847 717,1141 559,153 559,153 Total tunds 1,714,741 1,541,833 Thesp accoui)t5 have been prepared In accordance with the special provlslons of Part 15 0! the Companies Act 2006 rL.lotlng to small companles. For the year ended 31 December 2024 the compa ny was entitled to exemptlon under 5ertlon 477 of the CDTnpanles Att 2006 relatlng to small cornpanlos. The membei's have not required the company to obtaln an audlt In aicDrdance with 5ectlDn 476 of the Companie5 Att 2006. The dlrector5 acknowled%e thelr responsibilitie5 for complyinB wlth the requlrements of the Companies Act 2W16 wlth respect to accountliig records and the preparatiun ol accounts. AppfDved by the board on 20 Marrh 2025 And 51gned on it5 behalf by.. K,H,G, Penny I rustee 20 March 2025 Page 7
Fyome and Dlstrlct Agricultural 5ocSety Llmlted statement of Cash flows for the year ended 31 December 2024 2024 2023 Cash flows from operating actlvltles Net Income per Statement of Flnancial Actlvltles 172,908 590,534 Adjustmèttts for: Depreclatlon of propertyj plant and equlpmont Dlvldend5, Interest and rents from Ihvestmeiits Other gains/losses Ilncreasel/Decrea5e in tr2de and other receivables (DeLf(iSeIllllCred&e Sn trade and gther payables 3,325 147,1291 1158.6941 13,2371 13,7531 124.9401 (3 1,4641 6,665 1,733 Net cash (used Inllprovlded by operatlng activities 136,5801 536,528 Cèsh flows from investlnE llctlvltles Payments for prcperty, plant and eqJlpment Dividends, Interest and rents from invEstments {4,8971 47,129 (185,6841 37,464 Net cash froml(used Inl Inve5tini artlvltles 42,232 1148,2201 Net cash f rom flnancln8 activities Net Increase In Cash and cash egulvalBnt$ 5,652 388,308 Cash and cash equlvalents at tho beglnning of the year 31,297 203,14?. Cash and cash equlvalents Ht the end of the ye8r 37,94S 591,450 Components of cash and cash equlvalents Cash and bank balances 37,949 32,297 37,949 32.297 Fa£e 8
Frome and District Agrlcultural Soclely Llmited Notes to the Accounts for the year ended 31 Decembey 2024 l Accountln8 pollcles Ba51s of preparatio The financial 5taterrients have been prepared In accordance with AccDuntlng and Reporting by Charitie5', Statement of Recommended Practice applicable to char,tie5 prepaHfig thelr atcounts In accordance wlth the. Financial Reporting Standard applicable In the Ul< and Republic of Ireland (FRS IG21 leffectlve I January 20151- (Charities SORP IFRS 10211, the Flnancial Reporting Standard appllcable I the UK Lind Republic of Ireland IFRS 102) and thÈ Companles Act 2006, Change in bas15 of accountlng or to previous accounts There has been no chan8e tD thÈ accounting poliaes Ivalu3tlon ru les and method vf accountlng) slnce last year and no change5 have been made to accounts for provious yeavs. Fund accountln Unrestrlcted funds These are avallable for use at the d15cretlon of the ttrustees In furtherance of the general objects of the charltv, These are unrestrlcted fund5 earmarl(ed by the tru5tee5 for particula r purposes. These are unrestrlcted funds whlch Include a revaluation reserve representlnB the restatement of Investmont assets at th8lr rnarket value5, These ar8 avallablé for use subjECt to restrlctluns Ilyiposed by the donor or through terms of an appeal. Deslgnated funds Rev81uation fund5 Restrlcted funds Income Recognltlon of ncome Income 15 Included In the Statement of Financial Actlvltles ISOFAI when thè charlty becomes entitled to, and virtually certaln to recelve, the Income and the amount of the income can be measured wlth suff Icient rellablllty. I iCOTne with related Where Income ha5 relatÈd exp8ndlturè th2 Income and related expendlture Is expenditure reported Bross in the SOFA, Donatlons and legaLIEs Voluntary Income recoivfid by way of grants, donatlon5 and gifts 1$ Included in the the SOFA when r¢celvable and L>nly wher, the Charlty has uncondltlonal entltlement tro the income, Tax reclalms on Income frDm tax reclaims is included In the SOFA at the same tlme as tho donatlons and glfts glft/danatlon to which it -, elate5. Donated seivices These are only Included i n income Iwlth an equlvalent amou nt in Èxpendlturp) and facilities where the beneflt to the Cha iitv 15 reasonably quantiflable, measurable and materlal. Voluiteer help The value of any volunteer help received Is not InclL¢ded In the a£counts. Inve5tinent income This is Included In the account5 when re1Vable. Gain511105se51 on Thls I neludes any gain or loss resultlng from revaluing Investments to marl<et value revaluatlon of fixed at the end of the year. assets Gal ns/{lossesl cn Inves',ment assets Thls Includes any galn or loss on the s8le of investments. Page 9
Frome and Dlstrlct AEricultural Soclety Llmlted Note5 to the Accounts Expenditure Recognitlon of expenditure Expendlturels recognlsed on an accrua15 bas15. Expenditure includes any VAT which cannot be fully recovered, and Is feported as part of the expendlture to whlch It relates. gxpenditure on These comprise the cp5t5 Q550Cllted wlth attracting voluntary incorne, fundraising ralslng funds trading costs and Investment management costs. Expendlture on These compr15e the ¢OSts Incurred by the Charlty In the dellvery of its actlvlties and charitable actlvltles servlces In the furtheranc& of its objects, IricludinE the making of grant5 and 80vernaliL Costs. All erant exppnditure is accounted for on an atrLual pald basls plus an accrual for grants that have been approved by the tru5tee5 at the end of the. year but not yet paid. Ihe5e Include those costs assoclated wlth meellng the con5titutioiial and statutory requirement5 of the Charity, Includlng any audltllndependent examlnat an fees, osls Ilnl<ed to the strateglc management of the knhari.y, together with a share of other admln15tration c05t5. Those are support Costs not allocated to a partlcular activity. Grants payable GoVernan¢e costs Other expendltu", Taxatlon The charity is exempt from corporation tax on Its charltable activitles. Tanglble flxed as$ots and depreclatlon Depreclatlon Is provlded pt the folluwln8 annual rates in order tu wrlte off each asset over Its estlmated Useful Ilfe: Fixtures, Flttlngs & Computp.r equlpmcnt 25% reduclng balance Trade and other debtors Trade and other debtor5 are recognlsed Et the settlement amount due afte", any trade di5CDLIMt offered. Prepayments are valued at the amount prepald net of Bny trade dlstounts due, Cash and cash equivalents Cash and cash equlvalents coThpris* cash at ban1< and on hand, demand deposlts wlth banks and other 5trsort-term hlghSy liquid Investments wlth origlThal maturities of three months or less and bank OVLJrdrafts. In the 5tatpment of financial posltlon, bank overdrafts arp shuwn wlihln borrowlngs or current Ilabilitles. In the Statement of Cash Flows, cash and cash equivalents artt shown net of ban1( overdrafts that are repayable demand and lorm an Integral part ofthe company's cash management. Trade and othor creilitor5 Short tenn creditors are measured at the transactloii prlce, Other credltors and provislons are recugnlsed wherè the charlty has a present obligatlon re5ultlng f rom a past event that wll I probably result in the tran5fcr of funds to a thlrd party and the amount due to settle the obllEatlon can be measured or estlmated Teliably. Credltors and prDVi51ons are normally recogni5od at thelr settlement amount after allowlng for any trade discounts due, Page 10
Frome and Dlstrlct Agrlcultural Soclety Llmlted Notes to the Accounts Pension costs The charlty operates a defiiied contribution plan for Its employees. A defined contributlon plan Is a pension plan under which the company pay5 fixod contrlbutions into a 5¢parate ehtlty. Once the cnntrlbutlons iave b¢en pald the company has no further payments obllgatlDns. The eontributlons are recognSsed a5 expenses when they fall due, Amounts not paid are shown In accruals in th@ balance sheet, The asset& of thè plan arÈ held separately from the company In Independently administered funds, Raceipt of donated goods, facllltles and servi¢es All donated goods, facilitles a'nd services received are recognlsèd withln inconilng resources and expendlture at an pstimate of the value to the charlty, 2 Company sLItus The company Is a prlvate ccmpany limited by guarantee and consequèntly éoes not have share capital. Each of thc tiustees is liable to contrlbute an amoun.t not eXedIng £10 towa rds the assets of the charlty In the event of Ilquldatlon. 3 Statement of Flnanclal Activltles- prlor year Unre5trlcted funds Total funds 2023 2023 Income and endowments from; Donatlons and légaclas Other tradlng actlvltles Investments Other 60,216 266,667 1,791 35,673 60,216 266,667 1,791 35,673 Total 364,347 364,3117 Expendlture on: Ratslng fund5 .harltable actlvltles ?,3?,,42.5 6,809 93,832 232,325 6,809 93,832 Othet Total 332.966 332,966 Net Income 3J,3BI 31,381 Nel In¢ome beloro other Ealnsl(losse51 Oth@r galns and losses: Galns on revaluation of flxed assets 31,381 31,381 559,153 559.153 Net movement In funds 590,534 590,534 Reconclll3tlon ol funds.. Total funds brought forward Total funds carrled lorward 951,299 951,299 1,541,833 1,541,833 Page 11
Frome and Distrlct Agrlculturnl Soclety Llmlted Notes tD the Accounts 4 Income from donations and legacle5 UnrEstrlcted Tot?1 Total 2024 2023 Appeals and dunatlons 37,710 37,71U 37,710 37,710 60,216 60,216 5 Income from other tradln8 actlvltles Unrestrlcted Total Total 2023 2024 Show Income 294,363 294,363 294,363 294,363 26E*,667 266,667 6 Income from Investments Unrestrlcled Tot31 Total 2024 2023 Investment Income 626 626 1,791 1.791 626 626 7 Other Incom• Unre$trlcted Total Totsl 2024 2023 Rental income 44,602 1,901 46,503 44,G02 1,901 46,503 35.673 Other Income 8 Expendlture on r&lslng funds LlnrEstrlcted Total Total 2024 2023 Costs nf generotlng voluntary Income Appeals and donatlons Fundi'alsing trading costs Shovi Income 725 224,15 224,638 224,158 224,638 2al,600 232,325 Page 12
Frcme and Dlstrltt Agricultural Society Limlted Notes to the Accounts 9 Expendlture on chailtable activitles Unrestricted Total Total 2023 2024 Governonce costs LeBil £iid profes5ional.fees Yank interest paid Independeiit examlner fees 7,163 2,513 1,()86 10,762 7,163 2,513 1,086 10,762 3,637 3,172 6,809 10 Other expendlture Unresrrlcted Total 2024 Total 2023 Employee costs Premlses costs Amort15atlon, depreclBtIon. Impairment, profitlloss on dlsposal of flxed assets Gener31 admlnlstrBtlve costs 59,628 34,549 59,528 34,549 56,708 29,995 3,325 3,325 {24,9401 32,086 129,588 32,086 129.588 32,069 93,832 11 Net Inwme before transfers 2024 2023 Thls Is stated after char8lng', Depreciatiuii of owned fixed assets Depreciation of assets held under fin,ance lease5 and hire purchase contracts Independent Examlner'5 fee 12 Trustee remuneratlon and gxpen5es 3,32i 124,9401 I,D86 3,112 One or more of the trustee5 has been paid expense5 the curront or prlor ppriods. 2024 Number 2023 Number Number of trustees pald expenses The nature of the relmbur5ed expen5e5 For repalrs to show field before evetrit Total expenses relmbur5ed to tfLlStees 6,000 Page 13
Frome and Dlstrict A8ricultuttl Socloty Llmlted Note5 to the Afcounts 13 Staff cost5 2024 56,5D9 ZU23 58,427 612 {2.3311 56,708 Salarle5 ai)d wage5 SocSal setrJrity Costs PeI5iOII Costs 1,744 58,253 No employee recelved emoluments in excess of £6Q,000. The aver3ge monthly nuinber of f ull tirne equivalent employeos during the year was as foll¢w5: ZOZ4 Number 2023 Number Offl¢e Nest penslon 14 Tanaible flxed assets FreÈhold Fixtures, Land & FlttinBS & Bulldlngs Computor Bnd equlpment Improvemen Land and Total bulldlngs Cost or rovaluatlon At l Jaiiuai'y 2024 Addltlons Rovaluation At 31 December 2024 Depreclatlon and Impalrment At l January 2024 Depreclatlon charge for the yoar AL 31 Decenber 2024 Net book values 1,500,261 3,622 158,694 1,662,583 55,007 1,275 1,555,274 4,897 158,694 1,718,865 56,282 42,982 42.,982 3,325 3,325 46,307 46,307 At 31 December 2024 At 31 December 2023 15 Dobtors 1,662,583 1,500,267 9,975 12,Q25 1.672,558 1,512,292 2024 2023 Trade debtors VAT recoverable Prepayments and accrued Income 8,811 1,800 2,919 5,340 10,059 4.485 13,296 Page 14
Frome and Dlstrlct Agricultutal Soclety Llmlted Notes to the Ac£ountS 16 Credltors: emovnts lalllng due wlthln one year 2024 2023 Trode creditors Other taxes and soclal secu rlty Other credltors Accruals Deferred 5nc.ome 7,462 84 1611 I,S77 5,434 3,489 304 1,648 1,940 12,815 17 Deferred Income Movcment of the deferred In£omÈ shown In Credltor5,' amountsfalling due wlthin one year 2024 2023 At l January Releèsod In curr@nt year Deferred In current year At 31 r)ec.ember 18 Movement In funds 1,940 (1,940) 1,940 1,940 Incomin8 resour¢os Ilncluding other At l Januar¥ galnsllosses 2024 At31 Decernbor 2024 Resour¢e8 exponded Re5trlcted funds: Unrestrlrted funds: General fund5 982,680 379,202 1364,9881 996,894 Revaluation Reservos,. Ravaluatlon fund 55a 153 158,694 717,847 Totol revaluurfon reserwes 559,153 158,694 717,847 Total funds 1,541,833 531,896 1364,988) 1,714,741 Purposes and rÈstrlctlons In relatlon to ihe funds: Revaluatlon reserves Represent the amount by whlch investments exceed thelr hlstorlcal cost. 19 Analysls of net Bssets between fund5 Unre5trlcted funds 7otal Ixed assets Net Lurr'ent assets 1,672,558 42,183 1,714,741 1,672,558 42,183 1.714,741 Page 15
Frome and D15trlct Agrlcultural Soclety Limited Notes to the Accounts 20 Roconciliation of net debt At31 At ljanuary 2024 December 2024 Cash flows Cash and cash equivalents 32,297 32,297 5,652 5,652 37,949 37,949 Net dèbt 32,297 5,652 37,949 21 Commltments Operotlny lease commltments Annual commltment5 under non-iancellable operating leasc5 are as follo•S.. 2024 Land and bulldlngs 2024 2023 Land and buildings. 2023 Other Other Operatlng leases wlth expSry date., Pen$lon commitments W4est pen.£lon fund for auto enrolment commitments 2024 2023 '1 he penslon cost chargc to the company r4mounted to., 1,744 12,3311 22 Related party dlsclosures Controlllng partv The company Is Ilmlted by guar8 ntee and has no share capltal. thus no slngle party controls the company. Page 16
Frome and Dlstrlct AErlcultuk71 Sodety Llrnlted Detailed Statement of Flnanclal Actlyltles for the year ended 31 December 2024 Unrestrlcted funds Total funds Total funds 2024 2024 2023 Income and pndowments from: Donatlons and legacles Appeals and donations 37,710 37,710 37,710 37,710 .60,216 60,216 OLher tradin8 Bctivlties Showinctsme ?.94,36 294,363 294,363 294,365 266,667 66,667 Investments Investment Income 626 626 1,791 1,791 626 626 Other Rental Incorne other Income 44,602 1,901 46,503 44,602 1,901 46,503 35,673 J5,613 Total Income and endowmènts 379,202 379,2Q2 364,347 Expendlture on: Costs of Beneratlng donations and 188acles Appeals dnd donations 480 480 725 180 480 725 Cost5 of other tradlng activities Show income 224,158 224,158 224.158 2?4,158 231,600 231,600 Total of expendlture oh rèlsing funds 224,638 224,638 232,325 Governance costi Legal and professlonal fe&5 Bank interest pald Indopendent examlner fees 7.163 2,513 I,D86 10,762 7,163 2,513 I,U86 10,762 3,637 3,172 6,809 Total of èxpendlture on charitable actlvities 10,762 10,762 6.809 Em?IDyee costs Salaries/waRes Employer's N IC Pension costs Staff entertalnment Staff tralnln8 56,509 56,509 58,427 612 1,744 1,744 908 (2,3311 467 467 56,708 Page 17
Frome and Dlstrlct Agri¢ultural Society Llmitèd Detailed Statement of Financlal Activities Prom ises costs Rates Llsht, heat and power Premises repairs and maintonance 2,141 5,693 2,141 5,693 2,908 5,946 26,715 26,715 21,141 34,549 34,549 29,995 General adminlstrative costs, Includlng depreclatlon and amort15ation DepreclatioTh nf land and bulldSngs Depreclatlon of Flxtu res, Fittlngs & ComputQT equipment Depreclation of Freehold Land & Bulldlngs and Improvoments Bank charges Equlpment p.xpensed Equlpment leaslng and hlre charE85 General insurances Postage and couriers Software, IT suppart and related sts 128,9461 3.325 3,325 4,006 3,344 3,344 3,552 ,386 6,057 6,057 4,418 7,404 1,390 7,404 1,390 2,991 3,067 5,392 5,392 7.17G Statlonery and println SubscrSptlons Sundry expenses Telephone, fax and broadband 6,013 6,013 4,385 222 793 1,693 793 1,693 35,411 129,588 364.988 2,950 1,922 7,129 93,832 332,966 Total of exp&nd5ture Df other costs Total expendltur• Net Eains on Investments 129,588 364,988 N&t Income 14,214 14,214 31,381 Net Income belorE Othar galnsl(losses} Othèr re¢oRnlsod Bains and1055OS Galns on revaluatlon of llx¢d a55Pts Other Galns 14,214 14,214 31,381 158,694 158,694 Net movement i n funds 172,908 17?,908 31,381 Recon¢lllatlon of funds.. Total funds brou8ht lorward 1,541,833 1,541,833 1,510,4Jf2 Total funds rHrried forward I,714,741 1,714,741 1,541,833 Page 18