Company registration number.. 07S85178
Charity ￿lstra￿On number.. 1141715
Stithians Agricultural Association Limited
(A company limited by guarantee)
Annual Rew)rt and Financial Statements
for the Year Ended 30 Septemter 2023
Walker Moyle Ltd
3 Chapel Street
Rajruth
Comwall
TR15 2BY

stithians Agrlcultural A55ociation Llmlted
Contents
Twstees, Rerort
Itts9
Statement of Trustees, Responsibilities
io
Independent Examinerfs ￿e￿rt
Statement of Flnancial Activities
12
Balance Sheet
13
Notes to the FSnancial Ststements
14to23

stithians Agrlcultural Assoclatlon Llmited
Trustees, Report
ees. Annual R
Stlthlans Agrlcultural Assoclatlon Llmltad operatlng and known as Stithl•ns Show
Company
Llmlted by Guarantee and Registered In England 14umber 7585178 Reglstered Charity number
1141715
The Trustees present their report along with the financial statements of the Charity for the year ended 30
September 2023. The financial statements have l)een p￿par￿j In accordan￿ with the accountlng pollcles set
out on pages 14 to 17 and comply with the Charity's consb"tution an¢J applicable law.
The Company's Objects are:
4.1. to promote and encourage agriculture. horticulture, forestry. consetvatfjon and industry for the publlc
beneflt {In partScuSar but not exdusivety in the county of Cornwall) and to improve ènd advan￿ them in all
their branches and in all trades. crafts and professi￿$ with them in an exdusively charitable manner,. and
4.2. to advan￿ educatlon connection with agrlculture. IK)rbculture. forestry, conseNatlon and rural and
tradltlonal crafts and acknvities-
in particular, but without limitation. by the hokling of an annual agricultural show. normally on the traditlonal
date in Julv.
The Show is held in July of each year on the Monday after the Sunday nearest to the 13th day of July (Feast of
St. stythianl.
The object5 were revised at the time of the transfer from unInCo￿oratgj to inCor￿rated entity (l July 20111.
The objective is normally achleved thrDugh the oryanisation and effective complety.on of the one day Show and
thmugh using surplus income in the improvement or the Showground and the enhancement of the facllities
available to members and the public. together wtth tJ)e ability to grant a bursary or bursarits to further studies
linked to agriculture. The Next Generation ProieLt (Sunflower Trail) also provldes a practical delsvery of our
educatlon objectlve.
In addition to the use of the showgrou￿l for the Show. it is let out to other oryanlsatlons, L￿th I￿al and
national charities and commercial organisations to raise addibonal revenue through the effective use and
stewardship of the Showground. The letting to outside organisations also means that in many instance5 the
public are able to attend events. which otherwise might not happen, and leam about other aspetts of past and
p￿sent country life. This includes the West of England Steam Engine S￿iety (WESES) who stage their
prestigious annual event on the Showground In August each year. There 15 a close link between the edUCa￿Onal
objecrs of the Associaiion and the WESES Steam Fair in respert of the history of agnculture and evolution from
steam powered farming to today's mo(Jern machinery. Other regular large-scale events ère the Cornwall Truck
Show and the CVWOC Jamboree. Non-public events include hiriNJ the Showground to Scouts or Guides for
their jamborees or other gatherings and various dog agility meetings.
In addStion to seeing greater use of the Showground asset the income from this allows us to keep the cost of
admission to the annital Show a5 low as possible to the benefit of the visiting public.
Page I

stithians Agricultural Associatlon Limited
Trustees, Report
The Trustees confirm that they have complied with the requ1￿MentS of sertion 4 of the Chadties Act 2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
2023 saw a very successful Show wlth g(K)d visttor nvmber5 and without the thaotic traffic situation of 2022.
The newly appointed traffic management providers were excellent anL1 tio substantial Queue5 were in eviden
throu9hout the day. Our new ticket 5ale5 operator performed extremely well building on the existing catalogue
produrtlon relatlonshlp.
Our technology partners performed well for al1Van￿ ilcket sales (Future Ticketing). We intr0Ju￿ for the first
tlme in 2023 the use of the Showsng knne system for trade and craft stand applications and for membershlp
management . other than the long-standing use by the horse sertion we did ntst introduce any oLher online
entries this year due to Secretarial team time constraints arld a desi￿ to introduce the upgrades in a controlled
and effective manner without pressurising our volunteers. We are ￿rtain that the snvestment of time this year
and next will pay dlvidends in future year5.
2023 saw the Introduction of a near full Showyard Wi-Fi system which was made available to officials, traders
and caterers but not to the visitIng public with cost recovery through slighuy increased trade stand prices. This
bullt on the eXperrien￿ of 2022 when we had Wi-Fi ft)r the gates and Offi￿5. There were one or two areas that
couldn't use the WI-FI an¢J that will be a¢Jdressed for next year, when we a￿ also lookin9 to provide coverage
within the Members, PavS1ion on a complimentary basis.
Traders We￿ rnost appreciative of the Wi-Fi provisi¢M as On￿ again the upaoty of the moblle ￿115 locally
proved insufficlent.
We made some mlnor chan9es to the ShowgrouTrJ layovt building on the alterations introduced in 2022. With
ihe ￿moVal of the NHS faolity during 2022 we We￿ able to ¢Jperdte the area that that had occupied in our
nom)al manner- the ground having ￿en fully reinstated.
The weather was kind to (ts on Show Day being neither too hot nor wet - ideal Show weather in fact. Htrwever
the run up to the Show was slightly different with gales causing the c105urE of all marquees and a temrM)rary
ban on traders and exhSbitors setting up. The Saturday was like no other expenenced for many years as
traders had been asked not to arrive until the Sunday if at all possible. Fortunately the Sunday weather was
goo¥J and Set up went ahead throughout the Showyart1.
We We￿ able to offer the Show Luncheon at a price compared to the previous year ènd Kerra's
Catering reintroduced the breakfast Servi￿ which was very welcon* to many of us.
Cètering was avallable In the Memberg Pavilion in addrtion to the bar.
Yet agaln Avian influenza prevent￿1 the operdtion of the Poultry Settion for whslst most restrictK*ns were lifted
ahead of the Show date the ban on gatherings remained In place. We were a150 unable to operate a Rabbit
Sertion as we stlll have no volunteer{s} ro undertake this.
Our muslcal entertainment offer ha5 continued to evolve bringlng a wide range of entertainers to the Show.
Once again sye featured our main stage and had the bandstsnd in use all day as well as an afternoon of
performan￿5 in 8uskers' Square. We were grateful to Andy Marshall for On￿ again anchoring the main stage
and ensuring a smooth flow of ongoing entertainment.
Whilst Trade and Craft Stand bookings were similar in number to the previous year it was nob￿able that many
regulars were booking smaller pitches compa￿￿ with previous years. This. of course, impècts on our overall
revenue. We were pleased that so many of our Traders welcomed the introduction of Showing Scene as a
booking tool and with the majority of traders now used to conducting their busine55 online the demand for the
booking process to be IT￿re readily available has to be met. We cannot afford to miss out on this opportunlty
the demand to book for next year has meant that we neeij to stsrt selling our trade and crnft spa￿5 soon
after each Show. The decision has therefore been made to start ac￿ptIng trade bookings from early autumn
and craft from early January. Because of thi5 the role has Fbow been split In two. Kathryn Tremayne. the
long-standing Trade Sec￿tsry is to concentrate on the craft brxjkings with lal new volunteeTls} undertaking
the trade bookings. The Trustees are very graieful to Kathryn and her joint Trdde Secretary, Leonard Roskllly,
ror the many years of service and commitment in this area.
Page 2

Stlthlans Agrlcultural Assoclation Llmlted
Trustees, Report
The Taste of Cornwall aw wa5 again comp￿$&Y of indiwdual modules as opposed to a maryuee an¢J this
open-air market feel was agaln app￿lated by traders and visitor5 31ike.
With the ex￿ptIOn of the General Se¢￿tary1 all offitrrs of the A$s￿latiOn opernte on an entirely voluntsry
basls.
The Trustee5 are pleased to rewrt that our core volunteers have continued to operate and that our wlder
Showtime volunteer fo￿ has generally returnal to the operation. The Trustees are very grateful to thls
faithful group of supporters.
The Trustees belleve that we need to conb"nually evolve aFbd to enhance the educational aspects of the Show to
bring in a younger audieno and potentially attrart new YOLtnger volunteers into the Ass(Kiation and we
continue to evolve the Sunflower Trail which proves very tM)pular with 0￿r younger visitors. We have also tried
to encourage more local schools to get Involv￿ by offering discounts for schi¥Jl groups.
During the year a decision was taken to progress our plans for a new storagè shedlbarn with a site selected OFI
the hardstanding. A design has been agreed and planning pemiission is being sought. on￿ this is in place a
rinal decision can be taken as appropriate.
As part of our stewardship of the Associatyon assets we conbnue to let the Showground or part5 thereof for
events organised by others. Some of these a￿ open to the public meaning that our local audience have the
opportunlty to experien￿ a diverse range of events. We try to maintain a balance between effective land
usage and local capacitles for traffic. etc. as well as trying to be considerdte to Dur neighbour5 and keep noise
levels to a sensible level. We have strict evening cut off times in place and
where approprtate, employ an
acoustioan to monitor events Whe￿ noise may be a potential con￿rn and amplified music Is a known feature.
The Association also endeavours to manage the land in accordan￿ wlth best practice for such stewardshlp
maintaining hedgerows and utllislng the 9rasslands for silage ahead of the event season.
The Members, Pavilion continues to be a strong driver for recruitment although we realise that many Members
loin for that benefit and may not have an ongoing devotion to the Association.
2022
2023
Ch•nge
(37) {6%1
Adult (Annual)
Adult (Lrfe in¢ludln9 Honorary)
Junior (not Company members)
(6){10%I
A major change thi5 year was that we rrKJv&J Membership offer to Showlng Scene as part of our adopuon
of Show management technology. It appears to have ¥￿rk￿j well although due to our member age profile we
stlll have a substsntial proportion of our Membership who p￿fer to Use "old fashioned. meth¢Lls with our
Membership Secretary thus having to e￿ter their informab.on manually. A benefit of the new system Is that
once stsmeone has signed up for Showing s￿ne (or where we have added them to the 5ySteml they don't have
to input theSr details in future years. We therefcxe discontinued the old shop.
654
617
69
71
57
si
We also tsffered varfous items as Membership upsells with the take-up improvin9 year on year. These ¥vere
Members. luncheons 84 12022 771, Show Guides 35 12022 23), Show Catslogues 49 (2022 111. Assooation
ties We￿ also offered with take up ￿mainIng low. The luncheons a￿ sold as agent for the caterer.
In addition to the figures atrKJve we continue to offer ¢Jiscouated junior tickets to local primary schools to
encourage them to enter competitions and attend the Show in accordantr with our educatyonal ￿rnIt. Take up
was broadly level with 2022 at 143 agabnst 145 provided to Stithians School. Other Iccal schools ha¢J around 90
passes.
Each member is liable to contribute El in the event of an insolvent winding up of the Company.
Page 3

Stithians Agrlcultural Assoclatlon Limlted
Trustees, Report
Flnan
Following the issues with traffic managerrent In the p￿VIouS year the Twstees dead￿1 that it would be
inappropriate to increase gate pri￿5 or membership subscripts'ons for the 2023 Show as we felt we had thls
chance to prove that we could get the traffic management right. especially when vlewed against the then
economtc cllmate.
In common with rrtany other enterprises, we have seen our underfying cost base increase considerably year on
year. The 2022 year was a hybrid year having our Show but also the underpinning income from the NHS
vaccination cenrre. Thls again makes compansons difficult. Some residual settlements relating to the NHS
occupation are included in this yearf5 operating figures.
As mentitsned earlier a new expense thls year has Showing s￿ne which provides our baslc Trade Stènd,
Membership and Competitive Entry systetn {Cloud based). In previous years this has been used only for the
Horse Section and was based on a -pay as you use- system. We rK)W pay a monthly subscription of £200 but
for the first year also Incurred an onboarding cost of £151X).
A decislon was made to write off the ￿l￿Val value of the Basic Payment Scheme Entitlements as they no
longer have a slgnificant intrinsic value given the changes being made to the Scheme by Government. Thls
accounts for the non-finandal amortisation entry- We expert to see some benefit from the new Scheme.
The outlurn ft)r the year ended 30 Septewntw 2023 is a loss, after non-finanual items totalling £8,466, of
£23,316 against a profit of £59,457 for 2022.
The A5S(Kl?tion contSnues to hold substantial liquid funds {£361,794 plus a net creditorldebtor posltlon of some
£IOKI and the￿ a￿ no concerns as to ongoing viabslity althtsuoh the Trustees will be looking at ways to move
back toward profitat*illty.
Each year the finance commlttee agrees the short, medium and long term spending and reserve policy for the
ensuing period..
Funds are allocated for the day to day runnin9 of the Company.
Fund5 are allocatsd to malntain and improve the Showgrourn1 facilities.
A sum roughly equivalent to the pwious yearfs operating cost of the Company is held as conb"ngency
against a disastrous Show year.
Surplus cash funds are eam)arked for erther land purrhase, should such become available, or for
Tn0￿ substantial capital devdopfflert within the Showground shouky such a development be
considered appropriate and finanoally viable at some future date.
Whilst the￿ is the possibility of a short term requirernent of capitsl for lan¢J purthase. or to support cash-flow
should the￿ be a disastrous year. the committee believes that a long term inve5trnent management
arrangement would be inappropriate ¢Jue to the p055ibility of an inauspiciou5 timing ffx realisation ol fund5. It
15 impossible to anb"clpate when a lan¢J buying opportunity mlght arise and suth opportunities are extremely
Funds are thus investsd in cash aeeountslshort tenn bonds to gfve V)e best interest return avallable at the
time of Investment. Following the banking crisis of 2007. a decision was taken to split the investments to
ensure that the Company benefits from the FSCS cover as far as possible. This does mean that secudty of
capital tskes p￿eden￿ over return.
The reserye of one yearfs operating cost is held as ￿ent eVWJen￿ has demonstrated that shows which fall to
hold sufficient reserves either struggle or fa51 If they have one or rrKJre very kx)or years. e.g. a (Jisea5e
occurrence followed by a wash out.
There Is no rfftd for any change ts) these pollcles In the Ilght of Covid-19 Jlthough it does confirm the need to
holtj sufficient ￿erVeS for the unexpected whether it be a pandemic. foot an¢J mouth, avlan flu or even a
weather incident.
Page 4

Stlthlans Agricultural Association Llmited
Trustees. Report
Due to the costs which would be incvrred in carryiThJ out wular revaluaty.ons of the freehold asset the
Association does not review the value thereof. The￿ is, thou9h, litue doubt that with present land prices. there
is a substantlal ￿SerVe in the book valuation.
Stithians Agricultural Associaty"on is a Company Limited by Guarantee. reglstered in Englond. number 7585178.
Reglstered Charity number 1141715.
The Governing Document is the MemO￿ndum and Arbdes of Assoaation adop￿ on 17 March 2011, as
vised September 2014 and January 2016.
Charlty Trustees/Directors of the Company f(* the dates shown were (Some Trustees appear more than
once in thls list as they hold multiple p)sitlons):
ost
September 2022
anuary 2023
io
January 2023
eptember 2023
hairman
Downing
Vague
ce Chairnian
Vague
Burtey
mmediate Past Chalrman
jwden
Downing
reasurer
pt. M A HighaFF
pt. M A Higham
acant
dub.es split between
oms l& C Wattersl assisted W
luyas
ite Secretary
uties split behyeen Y Toms l&
alter51 assisted by W P Gluyas
sistant Treasu
L Watters
L Watters
slstant Secretaries
L Toms
L Toms
Toms
Toffts
embership Secretary
L Mead
L Mead
J Brown (Peter)
J Brown (Peter)
howyard Dirertors
l Opie
H Opie
J Bowden
J Bowden
howyard Dirertors, Administrator
J Brown (Joy)
J Brown (Joyl
K Plummer
K Plummer
J Plummer
J Hummer {passed away 3
ug(Jst 20231
ncheon Stewards
J Mead
) Mead
L Mead
L Mead
R 8owden
R Bowden
Page 5

Stlthians Agricultural Association Limited
Trustees. Report
rade Stand Secretsrles
R Tremayre
R T￿maYne until 31 July 2023
acant from 31 July 2023
A Roskllly
A Roskilly unul 31 July 2023
raft Stand Secretary
R Tremayne from 31 July 2023
atering Officer
F D Nthlls
F D Nicholls
G Angove
M Tremayne (liaison)
hief Steward and Gate Stewards
P Gluyas
P Gluyas
G Martin
G Marbn
M Tremayne
ettlon
eommitte
presentatives
on
er seLtion.
Craft
E E Gluyas
E E Gluyas
oe Birds
Budey
Budey
ttye
M R05killv
M Roskllly
avies
Golds¥¥orthy
Golosworthy
Trethowan
Trethowan
og Agi1Sty
Small
Small
oats
A Clarke
A Clarte
or5es
Vague
Vogue
orticyltu
S Knight
S Knight
geons
Willlams
Williams
ultry
ev. D P Reej
ev. g P Reed
abbits
heep
A Stevenson
A Stevensort
FC
Trewin
M Tripp
ember rep￿sentatIveS - rnaximum 10
M Tripp
Roberts
Roberts
Stevenson
Stevenson
Page 6

Stlthlans Agricultural Association Limited
Trustees. Report
M Bad)e
M Bache
E Downing
E Downlng
M Combellad(
M Combellack
R Butley
R Burtey
Eustis
Eustis
Downing
A Roskilly from 31 July 2023
Day to Day Management
Executive Offi￿rS who undertake the day to day management dutie5 of the Company under refererKe to the
Trustees:
General & Company Secretary - Claire Watters (Centrdl referen￿ polnt for all sertions. members. pres$ ond
the publicl.
Assistant Secreta￿e5 - Vyvyan & Yvonne Toms:
Treasurer- Captain Mike Higham (Day to day financial management of the Ass(Kiation).
Assistant Treasurer- C L Watters
Membership Secretary . T L Mead
feren
The Governing Document is the Memorandum and Artides of Assooation adop￿1 on 17 March 2011. as
revised September 2014 and January 2016.
Bankers.. Uoyds Bank plc. Market Square, Cambome. TR14 8JT
Independent Examiner= Paula Thomas, BA, FCA, DChA. Walker Moyle. 3 Chapel Street. Redruth, TR15 2BY
Soli£itors= Pline Downlng, 8-14 8erkeley Vale. Falmouth. Cornwall, TRkl 3PH
Prinopal èddress.. The Showground, Stithians. Truro. Cornwall, Tr3 7DP
Phone: 01209 B61073
corres[M)nden￿ Add￿$$. The Secretary, Chy An Kemyk. Rose Meadow, Suthians. Truro. TR3 7RL.
Reglstered offi￿.. 3 Chapel Street, Re(Iruth, Comwall, TR15 2BY
E-mall.. inforrnation@stithians.show
Web Site= www.stithians.show
Facebook- www.facebook.com/stlthlansshow
Twltter.. @stithiansshow
Instagram.. sknthiansagri
The land and buildings at the Showground a￿ vested direcvy in the Company. The TIYe Documents are held by
the Assoclatlon's Solicitors.
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stlthlans Agrlcultural Assoclatlon Limited
Trustees. Report
Trustee apwjintrnents are made from the membershlp at the Annual Generdl Meety"ng of the Assooation in
accordan￿ with Article 21.1.
The President arid President Elett do not have to be memter5 01 the As51xiation an(J are not Trustees unless by
vSrtue of another appointment. They are able to attend and speak at any AsSLKiation meetiryJ they des1￿, but
do not have a vote.
All new Trustees a￿ provided with the annual rekw)rt and accounts an(J approprtate Charity Commission
publicatlons.
The Company D￿rateS through the following prime committees:
Executlve Commlttee {The Trustets) - the decision making txxly.
The Executive Committee meet a minimum of four tifnes per year and consider all approprfate aspects of the
operation of the Association. taking recommendatic￿5 from the various cornmittees. sub committees and
working partles, as well as the Offi￿r5 of the As50ciatson. Addityonal me￿n9$ are arranged if required.
Operating within the term5 of the Article5 of Association, the Execvtlve agrees appropriate delegated authority
to ofncers, commlttees or groups of officers. regarding issues that may need to be resolved between the
Executive Committee meetings. Decisions are made by voting at ￿￿etingS with the Chaim)an having & casting
vote.
Working Solutions Commlttee {prevlously Ury•nt Items/Emeryency Commlttee)
During 2019 It was decided that the￿ was a need for a MO￿ streamlined deciston making process and thus the
committee was reformulated to hold delegated powers from the Trustees and to oversee the decision maklng
of the General Secretary and Officer5. It comprises the following.. Chaim)an. VI￿ Chairman. General Secretary
{non-voting}, T￿aSUrer, Asst. Generdl Secretaries, ￿$St. Treasurer, a Showyatd D1￿ctOr if appropriate, a
Steward ￿preSentatiVe Sf appropriate. a ￿presentatiVe of any 5ecbon concern&J if appropriate. and any other
person at the discretion of the Chairman and General Secretary.
Gener•1 Commlttee - n)eeting5 open to all members of the Associatr"on.
Membershlp of the followSng committees ènd working parties is deodey from Wme to t+me by the Executive
Committee in accordan￿ with the Stallding Orders adopted at the first meeting of the Company and as
amen¢ed from time to time. The Standing Orders also govern the condurt ￿ the commsttees and working
parties and the meeting periodiotjes.
Slte Commlttw - deals wÉth all aspects of the management of the Showground. within the budgets set by
Finan￿.
Flnance Commlttee - sets financial targets and budgets for contingencies. Undertake5 the high level risk
assessments for the As50Ciation. This committee also decides on the investment strategy and, in particular.
trtes to ensure that all deposits a￿ Cove￿ by the op￿￿ca￿le FSCS limits from time to time. The commlttee Is
Iso responsible for personnel rrsanagement and will lead the Assoaation's efft)rts to comply with the GDPR
(General Data Protertion Regulation) requirements.
It also covers the HR funrtlon.
LuncheonlDinntr Committee - organises the Show Day offioal luncheon and the Annual Associauon Dinner
{normally held in January).
Competltlve Sertlon Commlttees - 01￿ committee for eath of the competr.tive sertions of the Show.
Rules Commlttee - forn￿ for a limited peri￿¥ to lead the Associab"on's review of the rules and operatSonal
basis of the Association including the committee stnJLture and powers and organised and oversaw the
successful transition from Vnincorporat&J A550ciation to Company Limited by Gyarantee. It wlll meet If any
proposed changes to the governan￿ need to be considered in detail.
Forward Plannln9 wo￿1￿9 Party
forn)ulation of medium and long temi buslness plans, Identifying
potential improvementslchanges to the oryanisation of the show and driving forward the changes to our
education and member offers.
Awards Commlttee - To review recoFnmendations submiited to the Generdl Secretary in respert of the
proposed award of Honorary Life Member (for exceptional Servi￿ to the Show) or for Long servi￿ Awards.
Page 8

Stlthlans Agrlcultural Associatlon Limited
Trustees, Report
The ASSOCIa￿On Is a member of the Association ol Shows Agriculturnl Organlsatlons (ASAOI which provides
an infomiation resource and forum for a wide range of Shows ranging from national and county shows to
smaller villagelcommunity Shows.
Whilst the main focus is naturalty on prnvidiThJ the best possib￿ ViSFtor, member and exhlbltor eXperfe￿￿ at
our own Show we contln¢Je to seek ways to leverage the ￿turn on our substantial land Investment by
expanding the number and value of letting5 we achieve throughout the year. Thi5 has to be balanced against
the potential disruption to local communitles due to sound transmission and traffic.
In the short to medium term. it remains our desi￿ to provlde a multipurpose building, so that meeting or
Indoor event spa￿ can be offered together wtih a5soclateil facillties and, potentially. reduo the amount of
tentage hired by the Show. The￿ is generally a lack of such accommodation with generous car parking wlthln
the catchment area. Some to)kings for the ShoworourKI have ￿en lost (Jue to the Inabillty to provlde
undercover event space.
The Tnjstees are responsible for overseeing the risks faced by the Company and have a comprehensive range
of policie5 and procedu￿$ covering all aspects of its activities.
major rfsks to which the Company is exrx)wl. as idenb.fied by the Trustees, have been wiewed and
5YStems or procedu￿ have teen established to manage these risks.
We conb.nue to adapt to legislative changes.
The annu41 report was approved by the trustees of the tharity on ..
and signed on its ￿half by..
Capt. M Hlgham
Trustee
Page 9

stithlans Agrlcultural Assoclatlon Llmlted
statement of Trustees. Responslbllltles
The trustee5 (who are also the dirertors of Stithians A9ricultsJral As5(Kiation timlted for the purposes of
company law} are responsible for preparing the trustees, ￿port and the financial statement5 In accordan
ith applicable law and United Kingdom Accounting Stsndards {United Xingdom Generally Accepted Accounting
Practice), including FRS 102 Tre Financial Repo￿ng Standard applicable in the UK and Republic of Ireland..
The report and accounts have been prepared in accordan￿ wlth the provisions in the Componies Art 2006
relating to small companies.
Company law requires the trustee5 to prepare finanaal statements for each flnanoal year. Undef company law
the trustees must not approve the finanaal statements unles5 they are satisfied that they give a true and fair
vlew of the state of affairs of the chantable company an¢J of the incoming resources and application of
resources. including its income and expenditure, of the tharitable company for that period. In preparlng these
flnanclal statements, the trustees are required to..
selett suitable accounting policies apply them consistently-
observe the methods and pnnciples in the Charities SORP,.
make judgements and estymates that a￿ reasonable and prudent-
state v4hether applicable accounting standards. comprising FRS 102 hove been followed, subject to any
material departures disclosed and explained in the fiAancial statements- and
prepare the financial statements on the going concern basis unless It Is inapproprfate to presume that the
charitable company will continue in bus1ness.
The trustees a￿ ￿sponsible for keeping proper accounting records that can disck)se wlth ￿asonable accuracy
at any time the financial pos%tion of the charitable company and enable them to ensu￿ that the financial
statements comply with the Companies Att 2006. They are also responsible for safeguardlng the assets of the
charitsble company and hence for taking reasonab￿ steps for the P￿Vents.0n and detecbon of frèud and other
Irregularitles.
The trustees are responsitAe for the malntenance and integrity of the corporate and financial Informatlon
Included on the charitable company's website. Legislaty"on governing the preparakn.on and dissemination of
rinancial statements may differ from legtslation in other Jurfst11ct¢ons.
Approved by the trustees of the charity on ..
and signed on its behalf by..
apt. M Higham
Trustee
Page 10

Stlthlans Agricultural Association Limited
Independent Examlner's Report to the trustees of Stithians Agrlcultural
Assocbation Limited
l ￿port to the charity trustees on my examination of the account5 of the charlty for the year ended 30
September 2023 which a￿ set out on pages 11 to 23.
Responsibilities and basls of report
As the charity's trustees of Stithians Agr￿UltUral A5$￿¥ation Limited {and also its direttors for the purposes of
compafiy lawl you are ￿spOnsible for the p￿pa￿tIOn of the èccounts in accordance with the requirements of
the Companies Att 2006 Cthe 21X)6 Acf).
Havlng satisfied mysetf that the accounts of Stithians Agricultural Ass(xiation ￿Mited a￿ not ￿qUired to be
audited under Part 16 of the 2006 Att and are eligible for independent examination, I ￿pOrt in respeLt of my
examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011
Art'l. In carying out my examinaty.on I have followed the Oirections glven by the Charity Commission under
section 14515)Ib) of the 2011 Att.
Independent ex•mlnerfs statement
Since the Company's gros5 income exceeded £250.000 your exarniner must be a member of a body Ilsted in
section 145 of the 2011 Act. I confirm that E am Qualified to undertake the examination because J am a
fflember of Institute of Chartered Accountsnts in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that rK) rnaiters have come to ffly attentlon In connection with the
examSnation giving me cause to believe:
l. accounting ￿OrdS were not kept In respeLt of Stithians Agiicultural A$50Ciation ￿Mited as required by
sertion 386 of the 2006 Act,. or
2. the accounts do not accord with those records,. or
3. the accounts Llo not comply with the accountsng reouirements of sectéon 396 of the 2006 Act other than
any ￿qUirement thai the accounts give a 'true and fair view, which is not a matter considered as part of
an Independent examination- or
4. the accounts have not been prepa￿ in accorfance with the methods and principles of the Statement of
Recommended practi￿ for accounbng and ￿[￿)rtIfig by charitses lapplicable to charlties preparing their
accounts in accordance with the Flnancial Reporbng StanUard appljcable in the UK and Republic of I￿land
IFRS 10211.
L have no con￿M$ and have come across no other matters in connethon wlth the examlnatlon to whlch
attention should be drawn in this rew>rt in order to ena￿e a proper understsnding of the accounts to be
reached.
Paula Thomas BA FCA DChA
Institute of Chartered Acco(tntsnts In England Wale5
3 Chapel Street
Redruth
Cornwall
TR15 2BY
Iq" Pc ( tslJL/ 2u21.
Page 11

stithlans Agricultural Assoclatlon Limlted
statement of Flnanclal Activitles for the Year Ended 30 September 2023
(Includlng Income and Expenditure Account and Statement of Total Recognised
Gains and Losses)
Unrestrlcted
funds
Totsi
2023
Total
2022
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
Other income
13.184
192.203
60.265
5.935
13,184
192,203
60.265
5,935
18,026
186,878
113,642
1.139
T(*al Income
274 145
274 145
319 685
Expenditure on:
Charitable artivities
297 461
297 461
260 228
Total Expenditure
297 461
297 461
260 228
Net lexpenditurellincome
Net movernent in funds
(23.316)
123.316)
59.457
R•conclllatlon of funds
Total funds brought fo*v4ard
917 736
917 736
858,279
Total funds carried forward
19
894 420
917 736
All of the charity's activities derive from tontinuing operations during the atM)ve two period5.
The funds break¢Jown for 2022 is shown in note 19.
The notes on pages 14 to 23 fomi an Integral part of these finanaal ststements.
Page 12

Stlthians Agricultural Associatlon Limited
(Registration number: 07585178)
Balance Sheet as at 30 September 2023
1023
2022
Note
Fixed assets
Intangible assets
Tanglble a55ets
14
15
1,170
529 278
523 014
523 014
Current assets
Debtors
Cash at bank and in hanij
16
30,322
361 794
14.364
404 784
392.116
419,148
Credltors: Amounts falling due wlthln one year
17
Net current assets
387 288
Net assets
917 736
Funds of the charity:
Unrestricted Income fvnds
Unrestricted fun¢Js
894 420
917 736
Totol funds
19
894 420
917 736
For the financial year ending 30 September 2023 the tharity was enb.ved to exemption from audit under
section 477 of the Companles Att 2006 relating to small companies.
Directors. responsibS1itles:
The members have not required the charity to obtain an audit of Its accounts for the year in queS￿on In
accordarn￿ wlth sectlon 476. and
The dirertor5 acknowle(Ige their responslbllitles for complying with the requirements of the Art with respect
to accounting records and the p￿parat￿)n of accounts.
These financial ststements have been p￿pared in accordants with the special provlsSons relatlng to compaaies
5ubjert to the small companles wlme within Part 15 of the Cornpan￿ Act 21)06.
The flnanclal statements on page5 12 to 23 wetE approved by the trustees. and Juthorised for issue on
+114&l... and signed on their behalf by:
apt. M Higham
Trustee
The notes on pages 14 to 23 forn an integrdl part of these flnancial statements.
Page 13

stlthlans Agricultural Associatlon Limited
Notes to the Financlal Statements for the Year Ended
30 September 2023
I Charlty ststus
The charity Is limited by guarantee, incorporatsd in England. and conseouently does not have Share capitsl.
Each of the members is Ilable to contribute an amount not exceedrng £1 towards the asset5 of the chaHty In
the event of Ilquidation.
The address of its registe￿ office is-
3 Chapel Street
Redruth
Cornwall
TR15 28Y
The principal pla￿ of buslness is-
The Showground
5tithians
Truro
Comwall
7DP
2 A¢¢ountlng pollcles
Summary of signlficant accounting poll¢les artd key accountlng estimates
The pnncipal accounting policies applied in the preparation of these financial statements a￿ set out below.
These policies have been consistently ap￿ie￿ to all the years presented, unless otherwlse stated.
statement of compllan
The financial statements have been prepare£J in accordance wsth Accountin9 and Reportlng by Chanties..
ststement of Recommended practi￿ (applicable to charlb.es p￿paring their accounts in accordance with the
Financlal Reporting Standard applicable in the UK and Republic of Jreland IFRS 10211 (issued in October 2019}
(Charities SORP {FRS 102}l. the Financial Reporbng Standard applicable in the UK and Republic of Ireland
IFRS 1021 and the Companies Act 2[￿ and Charltles Act 2011.
Basis of preparatlon
Stithians Agricultural Assocsation ￿mIted meets the definition of a pub16c benefit enUty under FRS 102. Asset5
and liabilities are initsally recognised at historical cost or transaction value unless otherwtse stated in the
relevant accounting policy notes.
GoFng concern
The trustees con51der that there are no material Un￿rtaIntieS afKJut the charity'5 ability to continue a5 a 90ing
concern nor athy significant areas of uncertatnty that affect the carrying Val￿ of assets hekj by the charfty.
Income an41 endowments
All incorne 15 recognised once the Chartty has entitlement to the income. it is probable that the income wlll be
recelved and the amount of the income receivable can ￿ measured reliably.
Turnover is the amount derived from the provision of service5. and stste(J after trade discounts, other sales tax
and net of VAT.
Donatlons and legacles
Donations are recognised when the charfty has been nottfied in witing of tK*th the amount and settlement
date. In the event that a ¢Jonation is subject to conditions that require a level of performance by the charity
before the charity is enkntled to the funds, the Income is deferr￿1 and not recognised until either those
conditions are fully met, or the fulfilment of those condition5 is wholly wthin the control of the chartty and it is
probable that these conditions viill i* fulfil￿d in the ￿portIng peric¥l.
Pa9e 14

Stlthians Agrlcultural Assoclatlon Llmlted
Notes to the Financlal Statements for the Year Ended
30 September 2023
Defer￿1 In¢om•
Deferred incoffle represents amounts r￿1V￿j for future periods and Is ￿leaSed to incomln9 resource5 in the
pericmj for which, it has been received. Such income is only deferred wha):
- The donor speciftes that the grant or donaknon must only be used in future accounty.ng periods., or
The donor has imposed conditson5 which must be met befo￿ the charity ha5 unconditional entitlement.
Donated setwlces and fadlltles
The value of services prov¢ded by volunteers is not incorporated Into these financial statements. Further detslls
of the contribution made by vdunteer5 can be found in the Trustees, Report.
Investment Income
Investment income is recognised on a receivable basls.
Expenditure
All expenditure is ￿ognIsed once there is a legal or constructive obllgation to thèt expendItu￿, It Is probable
settlement is requlred and the amount can be measu￿￿ reliably. All costs are èll(Kated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attrlbuted to
particular headings they have been allocated on a basis consistent with the use of resour￿5. Wlth central staff
costs allocated on the basis of time spent, ancl depreoation charyes allcKated on the portion of the asset's use.
other support costs a￿ allocated based on the spread of staff costs.
Charft•ble activitles
Charitable expenditure cornpri5es those costs incurred by the charlty In the dellvery of its activities and
Servi￿ for its beneficiaries. It includes b)th costs that allocated directly to such activities and those
costs of an indlrect nature necessary to support them.
Governance costs
These include the costs attributable to the charity's compliance with constitutsonal and statutory requlrements,
induding audit, strategic management and trustees meetyngs and reimburwj expenses.
Taxation
The charity is consitjered to Pa5$ the tests set out In Paragraph I Schedule 6 of the FInan￿ Art 2010 and
therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the
charity is potentially exempt from taxation in respett of income or capital gains received within cate9ories
covered by Chapter 3 Part 11 of the Co¥wrntion Tax Att 2010 or Secbon 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purF(Jses.
Intan9Sble assets
Intangible assets are in the Balance Sheet at cost less accumulated am￿￿sa￿0n an¢J impairment. They
a￿ amortised on a straight line basis over their estimated useful lives.
Tanglble flxed assets
Individual fixed assets costlng £100 or rn0￿ are initially recorO8J at cost. less any subsequent accumulated
depreclatlon and SLtbsequent accumulated Impalm￿nt losses.
Amortlsatlon
AmortSsatlon is provided on intangible fixed assets so a5 to write off the cost. less any estimated ￿sidual
value, over their expected useful economic life a5 follows..
Asset cla55
Entitlerrbents
Amortlsatlon method and rate
IO% per annum straight Ilne
Page IS

Stithians Agricultural A5soclatlon Llmlted
Notes to the Financial Statements for the Year Ended
30 September 2023
Depreclatlon
Depreciation is provaded on tang¥ble fixaj assets so as to write off the cost or valuatson, less any estimated
residual value, over their expected useful eC0F￿rnK life as follows-
Asset class
Plant and machlnery
Freehold buildings
Freehold land
Depreclatlon method and rate
20% per annum ￿OUc1ng iialance
2% per ènnum straight line
Trade debtor5
Trade debtors a￿ amounts due frimn customers for merthandlse sold or Servi￿ perfonrEd in the ordSnary
course of business.
Trade debtors are recognised initially at the transartion price. They a￿ subsequently meèsured at amortised
cost using the effective Inte￿$t method. less provision for impairment. A provision for the irnpairment of trade
debtor5 is established when the￿ is objective eviden￿ that the charity will not be able tt> collert all amounts
due according to the orfginal tern)s of the receivables.
Cash and cash equlv•l•nts
Cash and cash equivalents comprise cash on hand and call deptssits. and other short-term highly liquid
investments that are readily convertible to a known aFWK)Unt of cash and are subject to an insignificant rt5k of
change in value.
Trade creditors
Trade creditors are obligations to pay for gLX)ds or Servi￿ that have been acquired In the ordinary course of
business from suppliers. Accounts payable are classified as current Ilabilities if the charity ¢Joes not have an
unconditional right, at the end of the ￿p)rting period. to defer settlement of the creditor for at least twelve
months after the ￿portin0 date. If there is an uncondibonal right to def¥ settlement for at least twelve
months after the ￿porting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measu￿￿ at amortised cost
using the effective Interest meth(xJ.
Fund structure
Unrestricted income funds are general fvnds that a￿ available fw use at U)e trustees dixrtion in furtherance
of the objertSves of the d)arity-
Pen51ons and other post retIrnment obllgatlons
The charity operates a defined contribLttion pens*tsn scheme whth is a pension plan under which fixed
contribubons are paid into a pension fund and the Charity has no legal or constructive obligatlDn to pay further
contribubons even if the fund does not hold sufficient assets to pay all employees the benefits relatlng to
employee service in the current and prior perSods.
ContributlOn5 to defined contribution plans are recognised in the Ststement of Financial Acbvities when they
are ¢Jue. If contributy.on payments exceed the cOntrEbut￿ due for servi￿. the ex￿55 is rec(yJni5ed as a
prepayment.
Flnan¢lal Instruments
Classlflcatlon
The Charity only has finatKlal assets and finanaal liabtlities of a kind that qualify as bast flnandal Instruments.
Page 16

Stlthians Agrlcultural Assoclatlon Limited
Notes to the Flnancial Statements for the Year Ended
30 September 2023
Recognltlon ajjd measurement
Basic financial a$5ets and liabilities are inthally ¥neasured at transaction (induding transactlon costs) and
subsequently Measu￿ at th￿r seitlement value.
Financial assets and liabilities are only offset in the statement of financial position when. and only when the
exists a legally enforCea￿e ¥ight to set off the recognised amounts and the Charity intends either to settle on
net basis. or to reallse U)e asset ènd 5etde the liabilty slmultsneousty.
Financial assets a￿ derecogni5ed when and only when al U)e contraLtual rights to the cash flows from the
financial asset expire or a￿ settled, b} the Charity transfers to arK>ther party substantially all of the risks and
rewards of ownership of the finanoal asset. or cl the Charity. (Jespite having retained some, but not all.
significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are de￿ognIsed only when the obl￿ation specifi￿1 In the contract is discharyed, can￿lled
or expires.
3 Income from donatlons and legacies
Unrestricted
funds
Genernl
Totsl
2023
Total
2022
Donatitsns and legacies-
Subscrlptions
Sponsorshlp of show settions
Other donatlons and sponsorship5
10,155
1,800
10,155
1.800
11,931
1,350
4 Inco￿ trom char5table actl¥Jiles
Unrestrl¢ted
funds
General
Totsl
2023
Totsl
2022
Annual Show
192 203
192 203
186 878
5 Zn¢ome from othèr tradlng actlvltles
Unrestrirted
funds
Total
2023
Total
2022
Genernl
Other income
Rental income
4.102
4.102
9,209
104 433
113 642
Page 17

Stlthians Agrlcultural Association Llmited
Notes to the Financial Statements for the Year Ended
30 September 2023
6 Investm•rt Income
funds
Totsl
2023
Total
2022
General
Interest reCe¢Vab￿ and similar income-
Interest re￿$vab￿ on bank deposfts
7 Other income
Unrestrirted
funds
General
T*)tal
2023
Dinner an¢J dance Income
8 txpendlture on charltable a¢tl¥llles
Unrestrla
fund$
General
Totsl
2023
Total
2022
Note
other costs
Governance costs
252.948
252.948
235,588
297 461
297 461
260 228
T¢)tal
2023
Total
2022
Drrect costs Support C05tS
Establishment cost5
Repatrs and maintenan
Annual show costs
Bad debts
Legal and pmfe5sional costs
Accountancy fees
Office expenses
Intjependent Examinerfs
muneration
Amorti5Jtion of intangible fixed
assets
9,194
42.296
190,137
Bl
2.320
7.890
455
9.649
42,296
190.137
81
2,320
7,890
954
28.187
43,152
154.742
1.838
4,755
2.425
954
i.ioo
I,ioo
950
1,170
1,170
154
Depreciation of tanglble flx8J
assets
Wages and salaries
Bank charges
7.296
29,508
7,296
29,508
7,516
15,959
550
253 018
297 461
260 228
Page 18

Stithians Agricultural Assoclatlon Llmlted
Notes to the Flnanclal Statements for the Year Ended
30 September 2023
E297.461 12022 - £260,228) of the aL¥)ve expendItU￿ was attrfbutsble to unrestrict&J funds and £Nil (2022 -
£Nil) to restrirted funds.
Included In the expenditure analysed atK)ve are governarKE costs of £44.513 12022 - E24,6401 which relate
directly to charltable activities. See note 9 for further detsils.
9 Anatysis of governance costs
Go¥•rnance ￿$ts
UnrestrlLted
fund$
General
Totsl
2023
Total
2022
staff costs
Wages and salaries
SocSal security costs
Penslon costs
Independent examiner fees
Examlnation of the financial ststements
Other fees paid to examiners
Other governance costs
25.787
3,135
25,787
3,135
15,659
1,1
7,890
1,1
7.890
950
4.755
10 Net Incomlngloutgolng resourre5
Net loutgoingllincoming resour￿5 for the year indu¢Je:
2023
2022
Depreclation of fixed assets
Amortisation of intangible fixed assets
7,296
7.516
154
11 Trustees r•muneratlon and exp¢ns•s
Mrs C L Watters
Mrs C L Watter5 received remuneration of E25.787 {2022: £13,333) during the year.
The Trustee was paid employment remuneration the provish)n of the General Secretsry role carried out
during the year.
Pension contributions totalling £586.43 {2022- £275.20) were paid into a defined contribution Scheme irs Ilne
with auto-enrolment.
The ￿mUneratIon was pai¢J Sn accordan￿ with the Menwjrandum and Ar￿cleS of As5oKiation of the Charity.
Mr5 K Tremayne
£350 of expenses were reimbursed to Mrs K Tremayne during the year.
This was pald for telephone. Internet and electrScty costs i￿L￿r￿1 as a result of her ro￿ as Trade stsnd
secretary.
No trustees have recelved any other benefits from the tharity durlng the year.
Pa9e 19

Stlthlans Agrlcultural Assoclation Limlted
Notes to the Financial Statements for the Year Ended
30 September 2023
12 Staff costs
The aggregate payroll costs were as follows:
2023
2022
Staff c05ts durln9 the year were:
Wages and salaries
Social security costs
Pension costs
25.787
3,135
586
15,659
300
The monthly average number of persons {including senior management I leadership team) efflployed by the
charity durin9 the year expressed as full time equ¢valents was as follows..
2023
2022
No
General Sec￿tsry
No employee r￿1Ved emoluments of than £60,(M)O durfjng the year.
13 Independent examirberfs remuner•tion
2023
2022
Examination of the financial ststements
950
Other fees to examlnets
All other servlces
14 1ntanglbl• fixed assets
Other
Intangible
asset
T¢)tal
Cost
At l Ottober 2022
At 30 September 2023
Amortlsation
At i ortober 2022
Charye for the year
366
366
At 30 September 2023
Net b<>ok value
At 30 September 2023
At 30 September 2022
Page 20

stithians Agricultural Associatlon Llmited
Notes to the Financlal Statements for the Year Ended
30 September 2023
15 Tanglble Ilxed a5s•ts
Land and
bulldln9S
Furniture and
equlpment
Totsl
At i (ktober 2022
Additions
555.645
119,685
675.330
At 30 September 2023
120 717
676 362
Depreclatlon
At l October 2022
Charge for the year
40,954
105,1)98
146,052
At 30 September 2023
108 223
153 348
Net book value
At 30 September 2023
510 520
523 014
At 30 September 2022
514 691
529 278
16 Debtors
2023
2022
Tra¢Je debtors
p￿payMentS
Other debtors
19,915
4,072
2,141
6,435
17 Credltors: amounts t•lllng due within one year
2023
2022
Trade creditors
Other taxation and social security
Other £￿dItorS
Pens¢on scheme c￿￿tor
Accruals
Defe￿ed Income
2,169
7,682
1,414
124
7,912
13,075
9,455
565
8,765
2023
2022
Deferred Income at l Octotw 2022
Resour￿ deferred in the perirxl
Amounts released frc4n p￿ViouS periLxJs
5.223
1,409
Deferreil Income at year end
Deferred Sncome at 30 September 2023 consists of trade stand income in ￿Sepet of the 2024 show.
Page 21

stithlans Agricultural Association Llmited
Notes to the Financlal Statements for the Year Ended
30 September 2023
18 Penslon ?nd other schemes
Deflned contribution penslon s¢h¢n
The chadty operates a defined contributyon penslon scheme. The penslon cost d)aroe for the year represents
contributions payable by the d)arity to the scheme and amounted to E586 {2022 - £300).
19 Funds
Balance at 30
September
2023
B•lance at I
October 2022
Incomlng
Resources
expended
Vnre$trl¢ted fund5
Generdl
917 736
297 461
894 420
Bal•nce at 30
September
2022
Balance at i
October 2021
Incomln9
resourcts
Resources
expended
Unrestrlded fvnds
General
858 279
319 685
260 228
917 736
20 Analy$l$ of net ass•ts between fvnds
Unrestrlcted
General
Total fund5
2023
Tangible flxed assets
Current assets
Current Ilabillties
523,014
392.116
523,014
392,116
Total net assets
894 420
894 420
Unrestrlrted
Genernl
Total fund5
2022
Intsngible fixed assets
Tangible fixed assets
C￿r￿nt assets
Current liability-es
1,170
529,278
419.148
1,170
529,278
419,148
Total net assets
917 736
9L7 736
Page 22

Stlthians Agrlcultural Assoclatlon Limited
Notes to the Flnancial Statements for the Year Ended
30 September 2023
21 Related party transartlons
During the year the charity made the following related party transartions:
HM Roskillv
(HM Roskilly 15 a Trustee)
HM Roskilly purchased grass from Stithians Agricultural A550ciation for EIOO. At the balan￿ sheet date the
mount due tolfrom HM Roskilly was £Nil (2022 - £Plill.
PJ Brown
(PJ Brown is a Twsteel
PJ Brown IPJB Rotating Electrics) provided repair setvtes and materials durlng the year and was paid a total of
El,219. At the balance sheet date the amount due tolfrom PJ Brown wa5 ENil (2022 - ENil).
K Downlng
IK Downing 15 a Trustee)
K Dobyning carried out general ￿pair work during the year and was paid a total of £536. At the balanTr sheet
date the amount due tolfrom K Downing was ÉNil12022 £Nill.
N Vague
IN Vague is a Trustee)
T F Vague & Son provided trartor and traller hi￿ services and was pald a total of E480. At the balance Sheet
date the amount ¢Jue toifrom N Vague was £NII {2022 - ENil).
l Nlcholls
(I Nicholls 15 a Trustee)
In Steel (Blacksmith & Fabdcators) Ltd prov￿￿ repair works dutlng the year and was paid a total of £2.917.
At the balance sheet date the amount due from I Nicholls was £l¢)012022 - £100).
R P Downing
IR P Downing 15 a Trustee)
At the balance sheet date the amount due from R P Downing was £18 {2022 - ENill.
Page 23