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2022-12-31-accounts

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Charity Registration No. 1168291

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

CONTENTS

Page
Reference and Administrative Details 1
Report of the Trustees 2 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7 - 8
Balance Sheet 9
Notes to the Financial Statements 10 - 16

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

REFERENCE AND ADMINISTRATIVE DETAILS

----- Start of picture text -----
President Teresa Wickham resigned Nov 2022
Trustees A Tinsley
A Bardsley
C Bird
J Blackman
K Kelliher
C Seymour
Executive Chair S Calcutt
Treasurer C Morris
Administrator R Heather
Competition Manager N Tompsett
Education officer S Smith
Principal Address 1 Knights Hole Cottages
Jarvis Lane
Cranbrook
Kent TN17 2NR
Independent Examiner M Wilkes FCA
Azets Audit Services
5th Floor
Ashford Commercial Quarter
1 Dover Place
Ashford
Kent TN23 1FB
Bankers The Charity Bank Ltd
Fosse House
182 High Street
Tonbridge
Kent TN9 1BE
The Co-operative Bank
High Street
Cranbrook
Kent TN17 3DQ
Nationwide Building Society
Nationwide House
Piper Way
Swindon SN38 1NW
----- End of picture text -----

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present their report and examined financial statements of the Society for the period ended 31 December 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014, as amended by Bulletin 1.

Objectives and activities

The aims of the Society are to promote the sciences of agriculture, arboriculture, horticulture, and the storage, packaging and marketing of fruit, to hold an annual Fruit Show, to hold and promote public shows, to hold, run and promote open and other competitions in any of the subjects, and to award prizes for merit and excellence. Also, to promote the fruit sector and educate school children and others.

Public benefit statement

The Trustees confirm they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Society’s aims and objectives.

Business Review and future developments

We have now entered the 90th year of the National Fruit Show, supporting the UK Fruit industry, bringing new technology to the fore and showcasing the very best of what we grow. Presenting the major showcase of British Fruit, we are rightly proud of being the custodians of, what is now globally, the largest display of top fruit. Over the last decade we have added schools age education to the mix, engaging with children from early years through to key stage four including offering advice on crucial careers decision. Through the generous support of the Worshipful Company of Fruiterers we have retained additional expertise and our programme is extended to encompass soft fruit as well as apples and pears. We are also educating the next generation of consumers and decision makers in what it takes to get great British fruit to their hand.

We are delighted to present to you our accounts for 2022. Our budgetary structures, business plan and the tireless work of the amazing volunteers supported by staff of the society continues to produce strong results. We wish to thank our treasurer, Chris Morris & Liz Knight who have assisted us in the preparation of these reports and also for their guidance in developing the financial management of the society.

2022 saw the delivery of our largest show to date, with full exhibition halls, substantial numbers of guests at the dinner and outstanding numbers of competition entries, given the challenge of the season. With the then HRH, the Countess of Wessex, opening the show, sharing her thoughts on the needs of the sector and also chairing a meeting of educational specialists in our sector we also gained significant press coverage, adding benefit to our stakeholders and exhibitors. The work initiated by the Countess, in partnership with LEAF, will influence the ongoing development of our educational endeavours. Through the generous support of new sponsors MHA Macintyre Hudson we were able to deliver a vibrant conference and debate platform – partnered in the morning with the Fruiterers Livery, and in the afternoon delivering a lively Rural Policy Group debate focussed on the impact of environmental policy on productivity and food security.

The five main sponsors for the 2022 financial year were Hutchinsons, UKCA/Isolcell, NP Seymour, BASF and Worldwide Fruit Ltd, the addition of a fifth sponsor facilitating investment in expertise to support our future development. We welcomed Alison Baldwin to the team, delivering vital industry knowledge and connections with the food and farming media. All our sponsors are key players within the UK fruit industry and they provide guidance to the Chair and facilitate introductions to potential new partners.

As always we are indebted to our sponsors without whom the administration of the society would not progress in such a smooth manner. We are also most grateful to all of the sponsors who ensure that all elements of the show are supported by their generous support for the competition, the dinner and the President’s and prize winners' reception.

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

Business Review and future developments (continued)

Our financial situation has been carefully managed as part of post – covid business planning, the recruitment of Rachel Heather January 2022 has added event and rural business networking skills to our team. Her energy and expertise has directly benefitted our income streams from stand sales and the negotiation of services. One of the core, long term, aims of the society has been growth that could justify the appointment of a Chief Exec, bringing high level management skills to the society to enable continued growth and impact. With the appointment of Sarah Calcutt as Chief Exec of City Harvest London, we are delighted to confirm the appointment of Sally Flanagan as the Society’s first CEO. Ms Calcutt will continue in the role of Honorary Chair, her expertise retained to support the management transition.

You will see from the accounts that we are now accounting for all educational activity as a separate entity from the show as a whole, this restricted fund is a reflection of its growing success and the confidence in which we have in our relationship with its sponsors. We are very grateful to AC Goatham & Son and Avalon Fresh who continue to be our principal education sponsors, the programme is now also supported by the Hutchinsons trust, Loddington Farm and by a large group of growers through their donation of competition fruit.

Our President, Teresa Wickham, appointed at the 2020 AGM, has proved to be a great, positive, influence on the society. She has now completed her three year term and we are delighted that Catherine Paice has agreed to stand for election in 2023.

We are indebted to Teresa for her energy, knowledge and dedication to the society.

We wish to draw your attention to a few areas:

Our accounts are showing reduced operating costs and coupled with the long term strategy for the Society it is anticipated that we will be able to return funds to reserves over the next three years.

Sarah Calcutt, Executive Chair, conducted a full review of the aims and delivery of the society at the end of the financial year, making extensive recommendations for restructuring and improved financial performance. In the short term changes are structured to ensure the reinstatement of 365 days of operating capital in reserves, it is also desired that additional funding be made available to the educational and promotional programmes. The new structure and a consultation of members has been developed into a Centenary strategy for the society.

The key changes to the CIO are as follows:

Business Review and future developments (continued)

Stand income: The Society continues to grow in both size and influence, the 2022 show demonstrated a need for networking and upskilling in the sector, additional opportunities for growth and expansion were identified which are now forming a part of the Centenary plan.

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

Show Dates : After more than a decade of requesting new dates from our venue the first week in November became available in 2022, the 2nd and 3rd November was beneficial to the exhibitors and also visitor numbers.

Budgets are now prepared for the next financial year and we have forecasted modest decreases in activity on the previous year, this reflects the ongoing financial crisis and contraction in production across the industry. We have in place a robust promotional and marketing strategy and pro-active campaign of engagement with a broad range of additional companies which will deliver knowledge and access to opportunities .

Financial review

Income for the period amounted £211,634 (2021 : £189,627), of this £30,934 (2021: £30,122) is considered restricted funds. Expenditure amounted to £209,323 (2021: £175,452). This has resulted in a surplus of £2,311 (2021 : surplus £14,175) . After accounting for the loss on the investment of £712 (2021: gain £1,506), total funds at 31 December 2022 amounted to £134,501 (2021: £132,902). There was a transfer between funds, from unrestricted to restricted of £5,874 being an adjustment for 2021 Furlough grant received in respect of Education Wages (restricted funds)

Reserve policy

The level of reserves are based on the Society's budgeted overhead costs for at least the next 12 months which amount to £72,778 (2021: £63,165). Reserves at 31 December 2022 amounted to £110,020 (2021: £105,388) and accordingly the reserves are considered to be sufficient to support this policy. The restricted funds are considered sufficient to cover the overhead costs for six months there will be additional income in year to cover ongoing costs.

Going concern

In the 2020 and 2021 financial years the chair and the trustees implemented a strategy that both protected reserves and also sought to maintain the associations benefit to the wider fruit industry. Careful financial management has protected reserves whilst still delivering an in-person show in 2022. Ambitious income targets were set which have been met, enabling the society to increase reserves. Budgets are now prepared for the next financial year and we have forecasted increases in activity on the previous two years.

All external services were put out to tender in the 2021/22 financial years delivering cost savings through hospitality and show structure, we have sought to reduce the impact of cost increases across all inputs which were identified as a potential risk to the viability of the society. A comprehensive budget review exercise has resulted in a modest increase in charges to exhibitors, the first increase in six years, this is within our policy to break even with a modest return to reserves each year.

We have in place a robust promotional and marketing strategy and pro-active campaign of engagement with a broad range of additional companies which will deliver anticipated growth. Prudent management, a clear commercial strategy and the support of its sponsors has placed the Marden Fruit Show Society in a strong position as a going concern.

Pay policy for key management personnel

The trustees consider the Board and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. The key management personnel who are involved in all decision making and responsible for the day to day management of the charity were Ms S Calcutt, Mrs N Tompsett and Ms Rachel Heather. The day to day bookkeeping will now by completed by Ms S Saunders. All trustees give of their time freely and no trustee received remuneration in the year. The pay of the senior staff is reviewed annually and normally increased in accordance with market rates. An honorarium is paid to the President and in previous years, the Executive Chair of the Society has been paid under a retained contract agreement.

DuringtheperiodthefollowingwereTrusteesof thecharity: DuringtheperiodthefollowingwereTrusteesof thecharity:
ATinsley(Chairman) KKelliher
ABardsley CSeymour
C Bird
JBlackman

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

I report on the accounts of the charity for the period ended 31 December 2022 which are set out on pages 7 to 16.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the CIO's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounts records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

17 May 2023

M A Wilkes FCA

Azets Audit Services

5th Floor Ashford Commercial Quarter 1 Dover Place Ashford Kent. TN23 1FB

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

----- Start of picture text -----
Restricted Unrestricted TOTAL TOTAL
Funds funds Funds Funds
2022 2022 2022 2021
Notes Total Total Total Total
£ £ £ £
Income from:
-
Donations and legacies 3,049 3,049 2,248
Grants 2 - - - 7,208
Charitable activities
-
Show and competition income 177,880 177,880 141,799
-
Education programme income 22,646 22,646 23,308
Handbook income - - - 7,040
Raising funds:
-
Membership subscriptions and donations 1,826 1,826 2,598
Investment income 3 - 995 995 815
Auction donations 3,239 - 3,239 4,611
Education Show Income 2000 - 2,000 -
Total income 30,934 180,701 211,634 189,627
Expenditure on:
Charitable activities
-
Show and competition expenditure 145,315 145,315 133,737
Handbook expenditure - 250 250 10,833
-
Education programme 39,840 39,840 16,985
Administrative costs - 23,190 23,190 13,896
Donations Made - 729 729 -
Total expenditure 4 39,840 169,483 209,323 175,452
Net income/(expenditure) before transfers (8,906) 11,217 2,311 14,175
Transfers between funds 14 5,874 (5,874) - -
-
Net income/(expenditure) after transfers (3,032) 5,343 2,311
and before Gain/(loss) on investments
Gain/(Loss) on investment assets 9 - (712) (712) 1,506
Net movement in funds (3,032) 4,632 1,599 15,681
Funds brought forward 1 January 2022 27,514 105,388 132,902 117,221
Funds carried forward 31 December 2022 24,482 110,020 134,501 132,902
----- End of picture text -----

All transactions are derived from continuing activities. All recognised gains and losses are included in the Statement of Financial Activities.

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Notes
Income from:
Donations and legacies
Grants
2
Charitable activities
Show and competition income
Education programme income
Handbook income
Raising funds:
Membership subscriptions and donations
Investment income
3
Auction Donations
Total income
Expenditure on:
Charitable activities
Show and competition expenditure
Handbook expenditure
Education programme
Administrative costs
Total expenditure
4
Net income before gains on investments
Gain/Loss on investment assets
9
Net movement in funds
Funds brought forward 1 January 2021
Funds carried forward 31 December 2021		 Restricted
Funds
Unrestricted
funds
Total
2021
£
£
£
2,203
45
2,248
-
7,208
7,208
-
141,799
141,799
23,308
-
23,308
-
7,040
7,040
-
2,598
2,598
-
815
815
4611
-
4,611
30,122
159,505
189,627
-
133,737
133,737
-
10,833
10,833
16,985
-
16,985
-
13,896
13,896
16,985
158,467
175,452
13,137
1,038
14,175
-
1,506
1,506
13,137
2,544
15,681
14,377
102,844
117,221
27,514
105,388
132,902

All transactions are derived from continuing activities. All recognised gains and losses are included in the Statement of Financial Activities.

Notes 2022 2021
r: 1:
Fixed Assets
Tangibleassets a 2,521 6,256
Investments 9 12.065 12,776
14.586 19.032
Current Assets
Debtors 11 36,471 41.432
CunentAssetInvestments 10 20.691 25.582
Cashatbankand inhand 83,937 57,150
141,099 124,164
Creditors:amountsfallingduewithinone year 12 $19,783) 6,69
NotCurrentAssetsI 121,316 117.468
135,902 136,500
Creditors :amountsfallingdueoveroneyear 13 (1.401) (3,598)
NetAsseis 134.501 132.902
Funds
RestrldedFunds-EducationBudget '14 24,482 27.514
Unrestrictedfunds 110,020 105,388
15 134.501 132,902

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 ACCOUNTING POLICIES

1.1 Basis of preparation

The Marden Fruit Show Society CIO (MFSS) is a registered charity in the United Kingdom. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are to promote the sciences of agriculture and arboriculture, particularly in connection with the production of better fruit.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 as amended by bulletin 1, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated.

1.2 Funds accounting

Unrestricted general funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for any other purpose.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor through the terms of an appeal.

1.3 Income recognition

All income are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

1.4

Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 ACCOUNTING POLICIES (CONTINUED)

1.4 Expenditure recognition (continued)

1.5 Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at the principal address. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

1.6 Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Computer and other equipment 25% straight line Fruit display stand 20% straight line Education Vehicle 25% reducing balance

No depreciation has been provided on the Society’s Cups as in the opinion of the trustees the residual value of these tangible fixed assets are in excess of the book values as supported by an insurance valuation undertaken in 2013.

All assets costing more than £100 are capitalised and a full year’s depreciation is charged in the year of acquisition.

1.7 Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

1.8 Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.9 Creditors due over one year

Creditors due over one year are stated without interest or other charges.

1.10 Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

1.11 Employee benefits

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 ACCOUNTING POLICIES (CONTINUED)

1.12 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Budgets are now prepared for the next financial year and we have forecasted modest decreases in activity on the previous year, this reflects the ongoing financial crisis and contraction in production across the industry. We have in place a robust promotional and marketing strategy and pro-active campaign of engagement with a broad range of additional companies which will deliver knowledge and access to opportunities. Prudent management and the support of its sponsors has placed the Marden Fruit Show Society in a strong position as a going concern.

1.13 Judgements and key sources of estimation uncertainty

Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 9 for the carrying amount of the property plant and equipment, and note 1.6 for the useful economic lives for each class of assets.

2
GRANTS
Job Retention Scheme
LA Coronavirus Grant
3
INVESTMENT INCOME
Bank Interest
Dividends in listed investment
4
EXPENDITURE
Charitable activities
Show and competition expenditure
Handbook expenditure
Education programme
Administrative costs
Total expenditure		 2022
£
-
-
-
2022
£
314
681
995
Staff
Costs
Direct
Costs
Support
Costs
2022
£
£
£
£
-
106,777
39,266
146,043
-
250
-
250
24,269
12,495
3,076
39,840
23,190
-
-
23,190
47,459
119,522
42,342
209,323		 2021
£
5,874
1,334
7,208
2021
£
478
337
815
2021
£
133,737
10,833
16,985
13,896
175,452

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

5
SUPPORT COSTS
Printing and stationery
Telephone
Postage
Unit Storage for show Equipment
Insurance
Office expenses and mileage
Computer and internet access
Website costs
Professional fees
Other expenses
Donations
Governance
Meeting costs
Honorarium
Professional fees
Bookkeeping support
Independent examination
6
STAFF COSTS
Wages and salaries
Social security costs
Pension costs
Depreciation of computer and other
equipment		 Show and
competition Handbook
Education
Total
2022
£
£
£
782
-
-
782
1,210
-
-
1,210
292
-
-
292
1,345
-
-
1,345
3,124
-
-
3,124
1,257
-
-
1,257
2,302
-
-
2,302
875
-
-
875
15,400
-
-
15,400
287
-
-
287
729
-
-
729
659
-
3,076
3,735
2,586
-
-
2,586
1,000
-
-
1,000
710
-
-
710
4,934
-
-
4,934
1,775
-
-
1,775
39,266
-
3,076
42,342
2022
£
47,011
-
448
47,459		 Show and
competition Handbook
Education
Total
2022
£
£
£
782
-
-
782
1,210
-
-
1,210
292
-
-
292
1,345
-
-
1,345
3,124
-
-
3,124
1,257
-
-
1,257
2,302
-
-
2,302
875
-
-
875
15,400
-
-
15,400
287
-
-
287
729
-
-
729
659
-
3,076
3,735
2,586
-
-
2,586
1,000
-
-
1,000
710
-
-
710
4,934
-
-
4,934
1,775
-
-
1,775
39,266
-
3,076
42,342
2022
£
47,011
-
448
47,459		 Total
2021
£
782
1,210
292
1,345
3,124
1,257
2,302
875
15,400
287
729
3,735
2,586
1,000
710
4,934
1,775
42,342
2022
£
47,011
-
448		 546
724
920
2,815
3,073
228
2,900
7,216
10,806
1,925
-
3,735
220
1,000
1,204
3,848
1,000
42,548
2021
£
24,916
-
126
47,459 25,042

The average monthly number of staff in the year was 4 (2021: 2).

No member of staff earned more than £60,000 during the year (2021: Nil).

The total amount of employee salary and benefits received by key management personnel is : £42,548 (2021: £25,042).

7 TRUSTEES REMUNERATION AND EXPENSES

Teresa Wickham, as President, received an honorarium of 2022 : £1,000 (2021: £1,000) during the year.

None of the Trustees received remuneration during the year. One Trustees were reimbursed expenses in the year of £32.60 (2021: nil). All reimbursed expenses are incurred exclusively for charitable purposes.

In accordance with normal commercial practice the charity has purchased insurance to protect trustees and officers from claims arising from negligent acts, errors or omissions occurring whilst on charity business. The cost of this insurance was : £1,304 (2021: £1,246).

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

8
TANGIBLE FIXED ASSETS
Cups
Computer
and other
equipment
Fruit display
stand
Education
vehicle
£
£
£
£
Cost
Cost at 1 January 2022
1,479
1,886
22,787
11,472
Additions
-
-
-
-
As at 31 December 2022
1,479
1,886
22,787
11,472
Depreciation
Depreciation at 1 January 2022
-
949
21,815
8,604
Charge for the year
-
381
486
2,868
As at 31 December 2022
-
1,330
22,301
11,472
Net Book Value
As at 31 December 2022
1,479
556
486
-
As at 31 December 2021
1,479
937
972
2,868
Assets held under hire purchase obligations
Net Book Value
As at 31 December 2022
-
-
-
-
As at 31 December 2021
-
-
-
2,868		 Total
£
37,625
-
37,625
31,368
3,735
35,103
2,521
6,256
-
2,868

The Cups are used for direct charitable purposes at the Fruit Show and Competition. The computer and other equipment are used for administration purposes.

9
INVESTMENTS
Investments (M & G Charifund)
Market value at 1 January 2022
(Loss)/Gain on Investment
Market value at 31 December 2022
Historical cost at 31 December 2022		 2022
£
12,776
(712)
12,065
1,253		 2021
£
11,270
1,506
12,776
1,253

The fair value of listed investments is determined by reference to the mid-market value price at 31 December 2022.

10
Current Asset Investments:
Nationwide Building Society - 95 day Notice
11
DEBTORS
Trade debtors
Other debtors
Prepayments		 2022
£
20,691
20,691
2022
£
29,598
3,000
3,874
36,471		 2021
£
25,582
25,582
2021
£
29,462
10,329
1,642
41,432

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

12
CREDITORS:amounts falling due within o
Trade creditors
Other creditors
PAYE
VAT
Pension
Accruals
Hire purchase obligations
13
CREDITORS: amounts falling due over o
Hire Purchase obligations
Hire purchase obligations
within one year
in two to five years
14
RESTRICTED FUNDS
Education programme
Education programme
2022
2021		 ne year
2022
£
12,820
518
689
1,129
150
2,400
2,077
19,783
ne year
1,401
1,401
2,077
1,401
3,478
At
Transfer
1st Jan
between
Income
Expenditure
funds
£
£
£		 2021
£
2,451
518
2
-
-
1,650
2,076
6,697
3,598
3,598
2,076
3,598
5,674
At 31
December
2022
£
27,514
30,934
(39,840)
5,874
14,377
30,122
(16,985)
-		 24,482
27,514

Education programme

This programme offers free workshops to children from EFYS (Early Years Foundation Skills) and Key stages 1-4 through out the South East of England and London. A substantial library of online resources is also available for download from the charity’s website. Dedicated sponsorship has seen the programme develop from solely a primary school resource using colourful characters and hands on activities to educate young children about where their fruit comes to an initiative that engages teenagers about the career opportunities within the sector.

Transfer between funds

Correction for Furlough Income received in 2021 for Education wages. Recognised as Unrestricted funds in 2021 Accounts, now moved to restricted funds in order to recognise income against costs.

15
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2022
Fixed Assets
Investments
Current Assets
Current Liabilities
Long Term Liabilities
2021
Fixed Assets
Investments
Current Assets
Current Liabilities
Long Term Liabilities		 Unrestricted
Restricted
Funds
Funds
2,521
-
12,065
-
116,619
24,482
(19,783)
-
(1,401)
-
110,020
24,482
6,256
-
12,776
-
96,651
27,514
(6,697)
-
(3,598)
-
105,388
27,514		 Total
Funds
2,521
12,065
141,099
(19,783)
(1,401)
134,501
6,256
12,776
124,165
(6,697)
(3,598)
132,902

THE MARDEN FRUIT SHOW SOCIETY CIO (MFSS)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

16 RELATED PARTY TRANSACTIONS

There were related party transactions in the year, Chris Morris, Treasurer, is the CFO of Avalon Fresh Ltd. During the year Avalon Fresh Ltd paid £10,675 to the society (2021: £10,675) in respect of sponsorship. At 31 December 2022 £10,675 was owed to the Society (2021: £10,000)

Miss S Calcutt, as Executive Chair, received payment of £15,400 (2021: £11,375) and £520 rent (2021: £520)