## 

||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||I|to|6|
|Report ofthe Independent<br>Auditors||7|to|8|
|Statement ofFinancial Activities|||||
|Balance Sheet||10|to|12|
|Cash Flow Statement|||13||
|Notes to the Cash Flow Statement|||14||
|Notes to the Financial Statements||15|to|24|
|Detailed Statement ofFinancial|Activities|25|to|26|





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||||for t|hc Year Ended 31Octobe|r 2022||
|---|---|---|---|---|---|---|
||||||31.10.22|31,10.21|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|||
|INCOME AND ENDOWMENTS|||FROM||||
|Charitable<br>activities|||||||
|Annual<br>Agricultural||Show|||319,749|134,939|
|Estates Accounts|||||23,092||
|Other trading activities|||||195,715|141,916|
|Investment<br>income|||||84,257|75,484|
|Total|||||622,813|352,339|
|EXPENDITURE|ON||||||
|Raising funds|||||171,669|129.593|
|Charitable<br>activities|||||||
|Annual<br>Agricultural<br>Estates Accounts||Show|||231,458<br>~4590|90,282<br>~2629|
|Total|||||~407 717|222,504|
|NET INCOME|||||215,096|129,835|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought|forward||||3,902,354|3,772,519|
|TOTAL FUNDS CARRIED FORWARD|||||4,117,450|3,902,354|





||Consolidated|Balance Sheet|||
|---|---|---|---|---|
||31October 2022||||
||||31.10.22|31.10.21|
||||Unrestricted|Total|
||||fund|funds|
||Notes||||
|FIXED ASSETS|||||
|Tangible assets|12||2,833,314|2,838,113|
|Investment<br>property|13||1,022,650|~1,022 650|
||||3,855,964|3,860,763|
|CURRENT ASSETS|||||
|Stocks|14||9,544|11,708|
|Debtors<br>Cash at bank and in hand|15||204,094<br>296,597|215,971<br>~53690|
||||510,235|281,369|
|CREDITORS|||||
|Amounts<br>falling due within one year|16||(196,746)|(180,084)|
|NET CURRENT ASSETS|||313,489|101,285|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||4,169,453|3,962,048|
|CREDITORS|||||
|Amounts<br>falling due aRer more than one year|17||(52,003)|(59,694)|
|NET ASSETS|||4,117,450|3,902,354|
|FUNDS|19||||
|Unrestricted<br>funds|||4,117,450|3,902,354|
|TOTAL FUNDS|||~4117,450|3,902,354|





## 

|||31.10.22|31.10.21|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|I,||
|FIXEDASSETS||||
|Tangible assets||2,828.368|2,832,294|
|Investment<br>property||1,022,650|1,022,650|
|||3,851,018|3,854,944|
|CURRENT ASSETS||||
|Stocks|9|8,237|8,857|
|Debtors|10|215,067|232,788|
|Cash at bank and in hand||~273 221|25,420|
|||496,525|267,065|
|CREDITORS||||
|Amounts<br>falling due within one year||(185,233)|(166,330)|
|NET CURRENT ASSETS||~311292|~100735|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||4,162,310|3,955,679|
|CREDITORS||||
|Amounts<br>falling due at)er more than one year|12|(37,501)|(43,057)|
|NET ASSETS||~4124 809|~3912622|
|FUNDS|14|||
|Unrestricted<br>funds||4,124,809|~3912622|
|TOTAL FUNDS||~4124 809|3,912,622|





## 



## 

||||Cash liloiv Statement|||
|---|---|---|---|---|---|
||||for the Year Ended 31October|2022||
|||||31.10.22|31.10.21|
||||Notes||f|
|Cash flows from operating||activities||||
|Cash generated<br>from operations||||276,353|44,631|
|Interest element ofhire purchase<br>or finance<br>lease rental<br>payments<br>paid|||||~76)|
|Net cash provided<br>by operating<br>activities||||~276 353|44,555|
|Cash flows from investing||activities||||
|Purchase oftangible<br>fixed assets<br>Purchase ofinvestment<br>property||||(25,754)|(13,045)<br>~1,350)|
|Net cash used in investing|activities|||~25 754)|~14,395)|
|Cash floivs from financing||activities||||
|Loan repayments<br>in year<br>Capital repayments<br>in year||||(7,692)|(1,929)<br>~2,932)|
|Net cash used in financing||activities||~7,692)|~4,861)|
|Change<br>in cash and cash|equivalents||in|||
|the reporting<br>period||||242,907|25,299|
|Cash and cash equivalents||at the||||
|beginning<br>ofthe reporting||period||~53 690|28,391|
|Cash and cash equivalents||at the end|of|||
|the reporting<br>period||||~296 597|53,690|





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|||||||||31.10.22|31.10.21|
|---|---|---|---|---|---|---|---|---|---|
|Net income|for the|reporting|||period (as per the Statement ofFinancial|||||
|Activities)||||||||215,096|129,835|
|Adjustments|for:|||||||||
|Depreciation|charges|||||||30,554|29,085|
|Interest element ofhire|||purchase|||and finance lease rental|payments||76|
|Decrease<br>in|stocks|||||||2,164|1,231|
|Decrease/(increase)||in|debtors|||||11,877|(92,439)|
|Increase/(decrease)||in creditors||||||16,662|~23 157|
|Net cash provided||by|operations|||||276,353|44,631|
|ANALYSIS|OF CHANGES||||IN|NET(DEBT)/FI/NDS||||
||||||||At 1.11.21|Cash flow|At 31.10.22|
||||||||||f,|
|Net cash||||||||||
|Cash at bank|and in|hand|||||53,690|~242 907|296,597|
||||||||53,690|~242 907|296,597|
|Debt||||||||||
|Debts falling|due within|||I year|||(7,718)||(7,718)|
|Debts falling|due after||I|year|||~59694)|7,691|~52 003)|
||||||||~67 412|7,691|~59,721)|
|Total|||||||~13722)|250,598|236,876|





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||OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|||||
|---|---|---|---|---|---|---|
||||||31.10.22|31.10.21|
|||||||f|
||Rental Income &Service Charge||||151,185|119,902|
||Other Activities||||18,697|5,095|
||Government|Covid Grants||||500|
||Subsidiary|Trading Activity|||~25 833|16,419|
||||||195,715|~141 916|
|3.|INVESTMENT INCOME||||||
||||||31.10.22|31.10.21|
||Rents received||||84,257|~75 484|
||INCOME|FROM CHARITABLE|ACTIVITIES||||
||||||31.10.22|31.10.21|
||||Annual||||
||||Agricultural|Estates|Total|Total|
||||Show|Accounts|activities|activities|
|||||I|||
||Show Income||313,189|23,092|336,281|67,823|
||Government|Covid Grants|~6560||~6560|67,116|
||||~319749|23,092|342,841|134,939|





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|||||||31.10.22|31.10.21|
|---|---|---|---|---|---|---|---|
||Rental Income &Service Charge|||||151,185|119,902|
||Other Activities|||||18,697|5,095|
||Government|Covid|Grants||||500|
||Subsidiary|Trading|Activity|||25,833|16,419|
|||||||195,715|141,916|
|3.|INVESTMENT INCOME|||||||
|||||||31.10.22|31.10.21|
||Rents received|||||84,257|75,484|
|4.|INCOME|FROM|CHARITABLE|ACTIVITIES||||
|||||||31.10.22|31.10.21|
|||||Annual||||
|||||Agricultural|Estates|Total|Total|
|||||Show|Accounts|activities|activities|
||Show Income|||313,189|23,092|336,281|67,823|
||Government|Covid|Grants|~6560||~6560|67,116|
|||||319,749|~23 092|342,841|134,939|





## 

|||for the Year Ended 31Octob|for the Year Ended 31Octob|er 2022|||
|---|---|---|---|---|---|---|
||INCOME FROM|CHARITABLE ACTIVITIES - continued|||||
||Grants received,<br>included||in the above, arc as follows:||||
||||||31.10.22|31.10.21|
|5.|RAISING FUNDS||||||
||Other trading<br>activities||||||
||||||31.10.22|31.10.21|
||Staff costs||||5,467|1,165|
||Bank Charges||||1,391|1,208|
||Premises Expenses||||65,391|61,270|
||Administrative<br>expenses||||7,587|5,549|
||Maintenance<br>Costs||||31,544|15,015|
||Other Direct Costs||||539|220|
||Subsidiary<br>Trading|Expenses|||13,924|12,690|
||Accountancy<br>fees||||2,090|1,100|
||Bad Debt||||28,896|17,583|
||Depreciation||||14,840|13,717|
||Interest payable<br>and|similar charges||||76|
||||||~171669|129,593|
|6.|CHARITABLE ACTIVITIES COSTS||||||
||||||Support||
|||||Direct|costs (see||
|||||Costs|note 7)|Totals|
||Annual<br>Agricultural|Show||217,124|14,334|231,458|
||Estates Accounts||||~4590|4,590|
|||||217,124|~18924|236,048|
|7.|SUPPORT COSTS||||||
||||||Governance||
|||||Management|costs|Totals|
||Annual<br>Agricultural|Show||4,963|9,371|14,334|
||Estates Accounts|||79|4,511|4,590|
|||||5,042|13,882|18,924|





## 

## 

|||31.10.22|31.10.21|
|---|---|---|---|
|||8||
|Auditors'<br>remuneration||2,400|2,200|
|Other non-audit|services|2,090|1,180|
|Depreciation<br>-|owned assets|~30 553|29,084|



## 

## 

|REMUNERATION|REMUNERATION|REMUNERATION|RECEIVED|BYKEYMANAGEMENT|BYKEYMANAGEMENT|BYKEYMANAGEMENT|PERSONNEL|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.10.22|31.10.21|
|Wages and|salaries|||||||39,976|6,762|
|Social security||costs||||||~1739||
|||||||||41,715|6,762|
|The average|monthly||number ofemployees||during|the year was|as follows:|||
|||||||||31.10.22|31.10.21|
|||||||||3|I|
|No employees||received emoluments||in excess off60,000.||||||



## 



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## 

||||||||Unrestricted|
|---|---|---|---|---|---|---|---|
||||||||fund|
||INCOME AND ENDOWMENTS|||FROM||||
||Charitable<br>activities|||||||
||Annual<br>Agricultural||Show||||134,939|
||Other trading<br>activities<br>Investment<br>income||||||141,916<br>~75 484|
||Total||||||352,339|
||EXPENDITURE ON|||||||
||Raising funds||||||129,593|
||Charitable<br>activities|||||||
||Annual<br>Agricultural||Show||||90,282|
||Estates Accounts||||||2,629|
||Total||||||222,504|
||NET INCOME||||||129,835|
||RECONCILIATION||OF FUNDS|||||
||Total funds brought|forward|||||3,772,519|
||TOTAL FUNDS CARRIED FORWARD||||||3,902,354|
|12.|TANGIBLE FIXEDASSETS|||||||
||||||Freehold|Plant and||
||||||property<br>f.|machinery<br>f|Tractors|
||COST|||||||
||At I November<br>2021<br>Additions||||2,651,316<br>8,014|314,904<br>~17 740|5,519|
||At 31 October 2022||||2,659,330|332,644|5,519|
||DEPRECIATION|||||||
||At I November<br>2021|||||157,612|2,722|
||Charge for year|||||27,311|280|
||At 31 October 2022|||||184,923|~3002|
||NET BOOK VALUE|||||||
||At 31 October 2022||||~2659,330|147,721|2,517|
||At 31 October 2021||||~2,651 316|157,292|2,797|





## 

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## 

|TANGIBLE FIXEDASSETS —continued||||
|---|---|---|---|
|||PAS||
||Motor|Promotions||
||vehicles|Plant|Totals|
|||6||
|COST||||
|At I November<br>2021|38,249|13,476|3,023,464|
|Additions|||25,754|
|At 31 October 2022|~38 249|13,476|3,049,218|
|DEPRECIATION||||
|At I November<br>2021|17,360|7,657|185,351|
|Charge for year|2,089|873|30,553|
|At 31October 2022|~19449|~8 530|215,904|
|NET BOOK VALUE<br>At 31 October 2022|~18800|4,946|~2,833 314|
|At 31 October 2021|~20 889|5,819|2,838,113|



||At 31 October 2021|At 31 October 2021||||~20 889|5,819<br>2,838,113|
|---|---|---|---|---|---|---|---|
||Tangible<br>fixed assets held by thc trading||subsidiary||are recorded|under PAS Promotions|Limited plant. All other|
||tangible<br>fixed assets are beneficially|owned||by the|parent company.|||
|13.|INVESTMENT PROPERTY|||||||
||FAIR VALUE|||||||
||At I November<br>2021|||||||
||and 31 October 2022||||||1,022,650|
||NET BOOK VALUE|||||||
||At 31 October 2022||||||~1,022 650|
||At 31 October 2021||||||1,022,650|



||Investment<br>property|represents|land and buildings|held by the charity|at which the|trustees<br>consider to be at fair|trustees<br>consider to be at fair|
|---|---|---|---|---|---|---|---|
||value|||||||
|14.|STOCKS|||Charity|Charity|Group|Group|
|||||31.10.22|31.10.21|31.10.22|31.10.21|
||Stocks|||8,237|8,857|9,544|11,708|
|15.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
|||||Charity|Charity|Group|Group|
|||||31.10.22|31.10.21|31.10.22|31.10.21|
||Trade debtors|||175,790|195,588|177,502|202,894|
||Other debtors|||6,203|7,918|8,976|7,918|
||PAS Promotions<br>Prepayments|||15,458<br>17,616|24,123<br>~5159|~17616|5,159|
|||||215,067|232,788|~204 094|215,971|





## 

|||||||for the Year|Ended 31October 2022|Ended 31October 2022||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|16.|CREDITORS: AMOUNTS|||||FALLING DUE|WITHIN ONE YEAR|||||
||||||||Charity|Charity||Group|Group|
||||||||31.10.22|31,10.21||31.10.22|31.10.21|
|||||||||||f||
||Bank loans and|overdrafts||(see note 18)|||5,556|5,556||7,718|7,718|
||Trade creditors||||||44,736|42,973||44,743|49,334|
||Social security|and other taxes|||||6,390|8,019||6,390|8,019|
||VAT||||||64,048|50,444||65,548|50,444|
||Other creditors||||||35,421|29,106||35,421|29,106|
||Accrued expenses<br>Accrued Income||||||23,266<br>5,816|15.001<br> ~15231||31,110<br>5,816|20,232<br>~15231|
||||||||185,233|~166330||196,746|~180084|
|17.|CREDITORS:|AMOUNTS||||FALLING DUE AFTER MORE THAN|||ONE|YEAR||
||||||||Charity|Charity||Group|Group|
||||||||31.10.22|31.10.21||31.10.22|31.10.21|
||||||||||||f,|
||Bank loans (see note 18)||||||37,501|~43 057||52,003|~59 694|
|18.|LOANS|||||||||||
||An analysis ofthe maturity|||ofloans is given below:||||||||
|||||||||||31.10.22|31.10.21|
||Amounts<br>falling||due within||one year on demand:|||||||
||Bank loans|||||||||~7718|~7718|
||Amounts<br>falling||between onc|||and two years.||||||
||Bank loans - 1-2||years|||||||~7718|~7718|
||Amounts<br>falling||due between|||two and five years:||||||
||Bank loans - 2-5||years|||||||23,152|23,153|
||Amounts<br>falling|due in more|||than five years;|||||||
||Repayable<br>by instalments:|||||||||||
||Bank loans more||5 yr by instal|||||||21,133|28,823|
|19.|MOVEMENT|IN FUNDS||||||||||
|||||||||||Net||
|||||||||At||movement|At|
|||||||||1.11.21||in funds|31.10.22|
|||||||||f,||f,||
||Unrestricted<br>funds|||||||||||
||General<br>fund|||||||3,902,354||215,096|4, 117,450|
||TOTAL FUNDS|||||||3,902,354||215,096|~4117,450|





## 

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||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||||f.|
|Unrestricted||funds||||
|General|fund||622,813|(407,7 17)|215,096|
|TOTAL|FUNDS||622,813|~407,717)|~215096|



## 

|||||Net||
|---|---|---|---|---|---|
||||At|movement|At|
||||1.11.20|in funds|31.10.21|
|Unrestricted||funds||||
|General|fund||3,772,519|129,835|3,902,354|
|TOTAL|FUNDS||~3,772 519|129,835|3,902,354|



||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted||funds||||
|General|fund||352,339|(222,504)|129,835|
|TOTAL|FUNDS||~352 339|~222 504)|129,835|



|||||Net||
|---|---|---|---|---|---|
||||At|movement|At|
||||1.11.20|in funds|31.10.22|
||||6||f,|
|Unrestricted||funds||||
|General|fund||3,772,519|344,931|4,117,450|
|TOTAL|FUNDS||3,772,519|344,931|4,117,450|





## 

## 

||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted||funds||||
|General|fund||975,152|(630,221)|344,931|
|TOTAL|FUNDS||975,152|~630221)|344,931|



## 

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## 

|Profit and Loss Account|Profit and Loss Account|Profit and Loss Account|Year ended|Year ended|
|---|---|---|---|---|
||||31.10.22|31.10.21|
|TURNOVER|||25,833|16,419|
|Cost ofsales|||7,204|3,842|
|GROSS PROFIT|||18,629|12,577|
|Administrative<br>expenses|||15,720|17,548|
|Other income|||0|1,500|
|OPERATING PROFIT / LOSS|||2,909|(3,471)|
|Tax on profit / loss|||||
|PROFIT / LOSS FOR THE FINANCIAL YEAR|||2,909|(3,471)|
|Balance sheet|||Year ended|Year ended|
||||31.10.22|31.10.21|
|Tangible<br>fixed assets|||4,946|5,818|
|Stocks|||1,307|2,851|
|Debtors|||4,486|7,307|
|Cash at bank|||23,376|28,270|
|Creditors<br>due within||I year|(26,972)|(37,879)|
|Creditors due atter|I|year|(14,503)|(16,637)|
|Retained<br>reserves|||(7,360)|(10,270)|





||||Detailed Statement ofFinancial|Activities|||
|---|---|---|---|---|---|---|
||||for thc Year Ended 31October 2022||||
||||||31.10.22|31.10.21|
|||||||f|
|INCOME AND ENDOWMENTS|||||||
|Other trading|activities||||||
|Rental Income|tk Service Charge||||151,185|119,902|
|Other Activities|||||18,697|5,095|
|Government<br>Covid||Grants||||500|
|Subsidiary<br>Trading||Activity|||~25 833|16,419|
||||||195,715|141,916|
|Investment<br>income|||||||
|Rents received|||||84,257|75,484|
|Charitable<br>activities|||||||
|Show Income|||||336,281|67,823|
|Government<br>Covid||Grants|||~6560|67,116|
||||||342,841|134,939|
|Total incoming|resources||||622,813|352,339|
|EXPENDITURE|||||||
|Other trading|activities||||||
|Wages|||||5,230|1,165|
|Social security|||||237||
|Bank Charges|||||1,391|1,208|
|Premises Expenses|||||65,391|61,270|
|Administrative|expenses||||7,587|5,549|
|Maintenance<br>Costs|||||31,544|15,015|
|Other Direct Costs|||||539|220|
|Subsidiary<br>Trading||Expenses|||13,924|12,690|
|Accountancy<br>fees|||||2,090|1,100|
|Bad Debt|||||28,896|17,583|
|Plant and machinery|||||13,656|12,402|
|Depreciation ofTractors|||||140|155|
|Motor vehicles|||||1,044|1,160|
|Hire purchase||||||76|
||||||171,669|129,593|
|Charitable<br>activities|||||||
|Wages|||||34,746|5,597|
|Social security|||||1,502||
|Telephone||||||2,483|
|Sundries||||||131|
|Attractions|||||4,590||
|Prize Money|||||18,085|9,590|
|Rosettes|||||5,440|668|
|Carried<br>forward|||||64,363|18,469|





## 

|||Detailed Statement ofFinancial|Activities|||
|---|---|---|---|---|---|
|||for the Year Ended 31October 20?2||||
|||||31.10.22|31.10.21|
|Charitable<br>activities||||||
|Brought forward||||64,363|18,4G9|
|Catering||||4,955|3,632|
|Security and Parking||||12,958|5,912|
|Showground<br>Site Infrastructure||||33,003|9,994|
|Emergency<br>service|& Veterinary|||7,620|1.773|
|Grounds<br>Maintenance||||1,981|3G|
|Sanitation<br>and Cleaning||||13,168|6,078|
|Stock sundries||||40|67|
|Fuel & Oils||||1,204|863|
|Judges Expenses||||2,852|2,018|
|Equipment<br>Hire||||9,307|578|
|Showground<br>repairs||||3,786|4,912|
|Suh show expenses||||1,020|50|
|Affiliation<br>fees||||1,503|1,117|
|Donations||||1,613||
|Commission||||4,587|203|
|Licences||||1,912|240|
|Show Signs||||3,150||
|Goods for resale||||43|167|
|Grounds<br>Rent||||133|133|
|Computers<br>and Software||||7,320|4,350|
|Advertising||||4,818|3,350|
|Depreciation<br>Plant||||13,656|12,402|
|Depreciation<br>Tractors||||140|155|
|Depreciation<br>Motor||||1,044|1,160|
|Postage, Stationery|& Printing|||6,673|1,713|
|Bad debt provision||||~14275|4,250|
|||||217,124|83,622|
|Support costs||||||
|Management||||||
|Sundries||||79|91|
|Bank Charges||||4,211|2,415|
|Bank Interest paid||||752|313|
|||||5,042|2,819|
|Governance<br>costs||||||
|Auditors'<br>remuneration||||2,400|2,200|
|Auditors'<br>remuneration||for non audit work||2,090|1,180|
|Legal and Professional||fees||~9392|3,090|
|||||~13 882|6,470|
|Total resources expended||||~407 717|222,504|
|Net income||||215,096|129,835|