| Page | |
|---|---|
| ReferenceandAdministrative Details | |
| ReportoftheTrustees | |
| independentExaminer'sReport | |
| StatementofFinancialActivities | |
| BalanceSheet | |
| Notestothe Financial Statements | 10-16 |
| President | Teresa Wickham | ResignedApril2023 |
|---|---|---|
| Catherine Paice | AppointedApril2023 | |
| Trustees | A Tinsley | |
| A Bardsley | ||
| C Bird | ||
| J Blackman | ||
| KKelliher | ||
| CSeymour | ||
| RMitchell | ||
| HonorayChair | SCalcutt | AppointedApril2023 |
| ChiefExecutiveOfficer | SFlanagan | AppointedJanuary2023 |
| Treasurer | C Morris | |
| Events & Show Geordinator | R Heather | |
| CompetitionManager | N Tompsett | |
| EducationProvision | SSmith | Resigned31December2023 |
| M Hounseil | Acting Offcer January 2024 | |
| Principal Address | 45St Lukes Road | |
| Maidstone | ||
| Kent | ||
| ME145AS | ||
| IndependentExaminer | M Wilkes FCA | |
| Azets Audit Services | ||
| 5thFloor | ||
| Ashford Commercial Quarter | ||
| NationwideBuildingSociety | ||
| Bankers | TheCo-operativeBank | |
| High Street | ||
| NationwideHouse | ||
| PiperWay | ||
| Swindon SN38 1NW |
13 May 2024
| Restricted | Unrestricted | TOTAL | TOTAL | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2023 | 2023 | 2023 | 2022 | |||
| Notes | Total | Total | Total | Total | ||
| E | E | £ | 2 | |||
| Incomefrom: | ||||||
| Donations | 11,479 | - | 11,479 | 3,049 | ||
| Charitable activities | ||||||
| Show and competition | income | - | 165,376 | 165,376 | 177,880 | |
| Educationprogrammeincome | 18,146 | - | 18,146 | 22,646 | ||
| Raising funds: | ||||||
| Membership subscriptions and donations | - | 2,188 | 2,188 | 1,826 | ||
| Investment income | 2 | - | 1,630 | 1,630 | 995 | |
| Auction donations | - | - | - | 3,239 | ||
| Education Show Income | 2,600 | - | 2,600 | 2,000 | ||
| Totalincome | 32,225 | 169,194 | 201,419 | 211,634 | ||
| Expenditureon: | ||||||
| Charitableactivities | ||||||
| Showandcompetitionexpenditure | - | 185,849 | 185,849 | 145,315 | ||
| Handbook expenditure | - | 250 | 250 | 250 | ||
| Education programme | 49,264 | - | 49,264 | 39,840 | ||
| Administrativecosts | - | 32,383 | 32,383 | 23,190 | ||
| Donations Made | - | - | - | 729 | ||
| Totalexpenditure | 3 | 49,264 | 218,482 | 267,746 | 209,323 | |
| Net income/(expenditure) | before | (17,039) | (49,288) | (66,327) | 2,311 | |
| Gain/(loss)oninvestments | ||||||
| Gain/(Loss)oninvestmentassets | 8 | - | (283) | (283) | (712) | |
| Netmovementin funds | (17,039) | (49,571) | (66,610) | 1,599 | ||
| Fundsbroughtforward1January2023 | 24,482 | 110,020 | 134,501 | 132,902 | ||
| Funds carried forward31 | December2023 | 7,443 | 60,449 | 67,892 | 134,501 |
| Restricted | Unrestricted | |||
|---|---|---|---|---|
| Funds | funds | Total | ||
| 2022 | ||||
| Notes | ||||
| E | E | £ | ||
| Incomefrom: | ||||
| Donations | 3,049 | - | 3,049 | |
| Charitableactivities | ||||
| Showandcompetitionincome | - | 177,880 | 177,880 | |
| Educationprogramme income | 22,646 | - | 22,646 | |
| Raisingfunds: | ||||
| Membershipsubscriptionsanddonations | - | 1,826 | 1,826 | |
| investment income | 2 | - | 995 | 995 |
| Auction Donations | 3,239 | - | 3,239 | |
| EducationshowIncome | 2,000 | - | 2,000 | |
| Total income | 30,934 | 180,701 | 211,634 | |
| Expenditureon: | ||||
| Charitable activities | ||||
| Showandcompetition expenditure | - | 145,315 | 145,315 | |
| Handbook expenditure | - | 250 | 250 | |
| Education programme | 39,840 | - | 39,840 | |
| Administrativecosts | - | 23,190 | 23,190 | |
| DonationsMade | - | 729 | 729 | |
| Totalexpenditure | 3 | 39,840 | 169,483 | 209,323 |
| Net income beforegainsoninvestments | (8,906) | 11,217 | 2,311 | |
| Transferbetweenfunds | 5,874 | (5,874) | - | |
| NetIncome/(expenditure) before transfers | (3,032) | 5,343 | 2,311 | |
| andbefore Gain/(Loss)oninvestments | ||||
| Gain/Loss oninvestmentassets | 8 | - | (712) | (712) |
| Net movement infunds | (3,032) | 4,632 | 1,599 | |
| Fundsbroughtforward1January2022 | 27,514 | 105,388 | 132,902 | |
| Funds carried forward 31December2022 | 24,482 | 110,020 | 134,501 |
| Notes | 2023 | 2022 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed Assets | |||||
| Tangibie assets investments |
3,127 11,781 |
14,908 | 2521 12.065 |
14.586 | |
| CurrentAssets | |||||
| Debtors | 26,239 | 36,471 | |||
| CurrentAssetinvestments | 20,691 | ||||
| Cashatbank and in hand | 46,363 72,602 |
83.937 141,099 |
|||
| Creditors:amountsfailingduewithinoneyear | 11 | (19,618) | (19,783) | ||
| NetCurrentAssets | 52,984. 67.892 |
121,316 135,902 |
|||
| Creditors: amounts falling due ever one year | 12 | (1,401) | |||
| NetAssets | 6‘7,692 | 134,501 | |||
| = | |||||
| Funds | |||||
| RestrictedFunds-EducationBudget Unrestrictedfunds |
13 | 7,443 60.449 |
24,482 110.020 |
||
| '14 | 67.892 | 134.501' |
| 1.4 | Expenditurerecognition(continued) |
|---|---|
| -Governancecostsincludethoseincurredinthegovernanceofthecharityandareprimarilyassociatedwith | |
| generalmeetingsofthecharityandcompliancewith legal requirements. | |
| lrrecoverabieVATis chargedagainstthe expenditure heading for whichitwas incurred. | |
| 1.5 | Supportcosts allocation |
| Supportcostsarethosethatassistthe work of thecharitybutdonotdirectly represent charitable activitiesand | |
| includeofficecosts,governancecosts,andadministrativepayrollcosts.Theyareincurred directlyinsupportof | |
| expenditureontheobjectsofthecharityandincludeprojectmanagementcarriedoutattheprincipaladdress. | |
| Where supportcostscannotbedirectly attributedtoparticular headingstheyhavebeenallocatedtocostofraising | |
| fundsandexpenditureoncharitable activitiesona basis consistent with useoftheresources. | |
| 1.6 | Tangiblefixedassets |
| Tangiblefxedassetsarestatedatcost(ordeemed cost)orvaluationlessaccumulated depreciation and | |
| accumulatedimpairmentlosses.Costincludescostsdirectly attributabletomakingtheassetcapableofoperating | |
| asintended. | |
| Computer and other equipment 25% straight line |
|
| Fruit display stand 20% straight line |
|
| EducationVehicle 25%reducingbalance |
|
| Nodepreciationhasbeen provided on the Society's Cupsasintheopinion of thetrusteestheresidual valueof | |
| thesetangiblefixedassetsareinexcessofthebookvaluesassupportedbyaninsurancevaluationundertakenin | |
| 2013. | |
| Allassetscostingmorethan£100arecapitalisedandthedepreciationischargedona monthlybasisfrom | |
| acquisition. | |
| 1.7 | Investments |
| investmentsarerecognisedinitiallyatfairvaluewhichisnormallythetransactionpriceexcludingtransaction | |
| costs.Subsequently, they are measuredatfair value with changes recognised in‘netgains / (losses) on | |
| investments’ in the SoFA ifthesharesarepubliclytradedortheirfairvaluecanotherwisebemeasured reliably. | |
| Otherinvestmentsaremeasuredatcostlessimpairment. | |
| 1.8 | Debtorsandcreditorsreceivable I payablewithinone year |
| Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyeararerecordedat | |
| transactionprice.Anylossesarising fromimpairmentarerecognisedinexpenditure. | |
| 1.9 | Creditors due over one year |
| Creditorsdue over one yeararestated without interestorother charges. | |
| 1.10 | Tax |
| Thecharityisanexemptcharitywithinthemeaningofschedule3oftheCharitiesAct2011andisconsideredto | |
| passthetestssetout in Paragraph 1 Schedule 6 Finance Act 2010 and thereforeitmeets the defnition of a | |
| charitablecompany forUKcorporationtaxpurposes. |
| INVESTMENTINCOME | 2023 | 2022 | |||
| E | £ | ||||
| Bank Interest | 928 | 314 | |||
| Dividends inlistedinvestment | 702 | 681 | |||
| 1.630 | 995 | ||||
| EXPENDITURE | Staff | Direct | Support | ||
| Costs | Costs | Costs | 2023 | 2022 | |
| E | E | £ | E | £ | |
| Charitable activities | |||||
| Showandcompetitionexpenditure | - | 111,749 | 74,100 | 185,849 | 146,043 |
| Handbook expenditure | - | 250 | - | 250 | 250 |
| Educationprogramme | 34,732 | 14,324 | 208 | 49,264 | 39,840 |
| Administrativecosts | 32.383 | - | - | 32.383 | 23,190 |
| Total expenditure | 67,115 | 126,323 | 74,308 | 267,746 | 209,323 |
| 4 | SUPPORTCOSTS | Show and | Total | Total | |||
|---|---|---|---|---|---|---|---|
| competition | Handbook | Education | 2023 | 2022 | |||
| £ | |||||||
| Printing and stationery | 453 | - | ~ | 453 | 782 | ||
| Telephone | 1,638 | - | - | 1,638 | 1,210 | ||
| Postage | 123 | - | - | 123 | 292 | ||
| UnitStorageforshowEquipment | 1,854 | - | - | 1,854 | 1,345 | ||
| insurance | 3,331 | - | - | 3,331 | 3,124 | ||
| Offce expenses andmileage | 858 | - | - | 858 | 1,257 | ||
| Computerandinternetaccess | 2,756 | - | - | 2,756 | 2,302 | ||
| Websitecosts | 400 | - | - | 400 | 875 | ||
| Professional fees | 37,347 | - | - | 37,347 | 15,400 | ||
| Otherexpenses | 500 | - | — | 500 | 287 | ||
| AdministativeSupport | 8,001 | - | - | 8,001 | - | ||
| BankandCard MachineCharges | 105 | - | - | 105 | - | ||
| Donations | - | - | - | - | 729 | ||
| Depreciation of computer and other | |||||||
| equipment | 925 | - | 208 | 1,133 | 3,735 | ||
| Governance | |||||||
| Meetingcosts | 2,914 | - | - | 2,914 | 2,586 | ||
| Honorarium | - | - | - | - | 1,000 | ||
| Professionalfees | 2,874 | - | - | 2,874 | 710 | ||
| Bookkeeping support | 6,741 | - | - | 6,741 | 4,934 | ||
| independentexamination | 3,280 | - | - | 3,280 | 1,775 | ||
| 74,100 | - | 208 | 74,308 | 42,548 | |||
| STAFF COSTS | 2023 | 2022 | |||||
| £ | £ | ||||||
| Wagesandsalaries | 66,143 | 47,011 | |||||
| Social securitycosts | - | - | |||||
| Pensioncosts | 972 | 448 | |||||
| W | 47,459 | ||||||
| = |
| 7 | TANGIBLE FIXED ASSETS | Cups | Computer Fruitdisplay | Computer Fruitdisplay | Education | Total |
|---|---|---|---|---|---|---|
| and other | stand | vehicle | ||||
| equipment | ||||||
| £ | £ | £ | £ | £ | ||
| Cost | ||||||
| Costat1 January2023 | 1,479 | 1,886 | 22,787 | 11,472 | 37,624 | |
| Additions | - | 1,739 | - | - | 1,739 | |
| Asat31December 2023 | 1,479 | 3,625 | 22,787 | 11,472 | 39,363 | |
| Depreciation | ||||||
| Depreciationat1 January2023 | - | 1,330 | 22,301 | 11,472 | 35,103 | |
| Chargefortheyear | - | 647 | 486 | 1,133 | ||
| Asat31December2023 | - | 1,977 | 22,787 | 11,472 | 36,236 | |
| NetBookValue | ||||||
| Asat31 December 2023 | 1,479 | 1,648 | - | — | 3,127 | |
| Asat31December2022 | 1,479 | 556 | 486 | - | 2,521 | |
| Assets held under hire purchase obligations | ||||||
| NetBookValue | ||||||
| Asat31 December 2023 | - | - | - | - | _ | |
| Asat31December2022 | ~ | - | - | - | - |
| INVESTMENTS | 2023 | 2022 |
| £ | £ | |
| Investments(M& G Charifund) | ||
| Market valuea t 1January 2023 | 12,064 | 12,776 |
| (Loss)lGain on Investment | (283) | (712) |
| Market valueat31December2023 | 11,781 | 12,064 |
| Historicalcostat31December 2023 | 1,253 | 1,253 |
| CURRENTASSET INVESTMENTS | 2023 | 2022 | |
| £ | E | ||
| Nationwide BuildingSociety-95dayNotice | - | 20,691 | |
| - | 20,691 | ||
| 10 | DEBTORS | 2023 | 2022 |
| Tradedebtors | 21,900 | 29,598 | |
| Otherdebtors | - | 3,000 | |
| Prepayments | 4,339 | 3,874 | |
| Otherdebtors | - | - | |
| 26,239 | 36,471 |
| 11 | CREDITORS:amountsfallingduewithinoneyear |
CREDITORS:amountsfallingduewithinoneyear |
2023 | 2022 | ||||
|---|---|---|---|---|---|---|---|---|
| £ | £ | |||||||
| Tradecreditors | 5,785 | 12,820 | ||||||
| Othercreditors | - | 518 | ||||||
| PAYE | 1.064 | 689 | ||||||
| VAT | 1,708 | 1,129 | ||||||
| Pension | 378 | 150 | ||||||
| Accruals | 9,402 | 2,400 | ||||||
| Hirepurchaseobligations | 1,281 | 2,077 | ||||||
| 19,618 | 19,783 | |||||||
| 12 | CREDITORS:amounts falling due overoneyear | |||||||
| HirePurchaseobligations | - | 1,401 | ||||||
| - | 1,401 | |||||||
| Hire purchase obligations | ||||||||
| withinoneyear | 1,281 | 2,077 | ||||||
| intwotofve years | - | 1,401 | ||||||
| 1,281 | 3,478 | |||||||
| = | — | — | ||||||
| 13 | RESTRICTEDFUNDS | At | Transfer | At31 | ||||
| 1stJan | between | December | ||||||
| 2022 | income | Expenditure | funds | 2023 | ||||
| 2023 | £ | £ | £ | £ | ||||
| Educationprogramme | 24,482 | 32,225 | (49,264) | - | 7,443 | |||
| 2022 | ||||||||
| Education programme | 27,514 | 30,934 | (39,840) | 5,874 | 24,482 |
| 14 | ANALYSISOFNETASSETSBETWEENFUNDS | Unrestricted | Restricted | Total |
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| 2023 | £ | £ | £ | |
| Fixed Assets | 3,127 | - | 3,127 | |
| Investments | 11,781 | - | 11,781 | |
| Current Assets | 65,159 | 7,443 | 72,602 | |
| CurrentLiabilities | (19,618) | - | (19,618) | |
| 60,449 | 7,443 | 67,892 | ||
| 2022 | ||||
| FixedAssets | 2,521 | - | 2.521 | |
| Investments | 12,065 | - | 12,065 | |
| CurrentAssets | 116,619 | 24,482 | 141,099 | |
| CurrentLiabilities | (19,783) | - | (19,783) | |
| Long Term Liabilities | (1,401) | - | (1,401) | |
| 110,021 | 24.482 | 134.501 |
THE MARDEN FRUIT SHOW SOCIETY CIO (MFS8} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 IS RELATED PARTY TRANSACTIONS Th8r8 were related party transactions in the year, Chris Morris, Treasur8r, is the CFO of Avalon Fresh Ltd. During the year Avalon Fr8sh Lld paid £10,675 to Ihe So¢i8ty12022.- £10,675) in respect of sponsorship. Al 31 Decemb8r 2023 £5,000 wa8 owed to the Soci8ty12022.. £10,675) Miss S Calcutt, as Executive Chair, received paymenl in 2022 of £15,400 and nt In 2022 of £520. 16
THE MARDEN FRUIT SHOW SOCIETY CIO {MFSSI MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2Q23 Show Compètition 2023 2023 Handbook Education 2023 2023 Total Total 2022 2023 Income stand r8nl Sponsorship l Donatsons Dinn8r Misc. Show Income Education oiher show4 8ndbook incomé 99,142 39,599 12,835 3,000 99,142 80.024 12,835 3,000 2,600 100.972 86.771 16,071 3.000 2,000 10.800 29.625 2,600 154.576 10.800 32.225 197.601 208.814 Expendlture Wages Rent of building eating, lighbng and Sound S&curily Rsgislrdlion and IIGkets C81ering Sundry hire costs Other expenses Advertising Dinne. Prizès Prinung and dislribution Materia15 & sample5 Casual laLioJr Travel &Subsisien¢e Ven Costs & HP Int8test Sundry 34,732 34,732 23.000 24.269 22.500 14.595 2.872 23.000 14.953 3.578 3,578 2.165 2,565 23,002 15,154 11,696 231 2,396 2,565 28,046 15,154 11.696 8.850 250 1.848 6,109 2,816 2,177 3,085 161,055 2.821 2464 24.046 9,488 13.642 10.524 250 506 10,035 2,020 2,746 1,014 ',43.792 5,044 8.85Q 250 1.848 6,109 1.105 2,'.77 3,085 49,056 1.461 50 97.574 14.175 250 Contribution to surplus 57,002 3.3751 12501 36,546 65.022