OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-01-31-accounts

REGISTERED COMPANY NUMBER: 00266722 (England and Wales) REGISTERED CHARITY NUMBER: 233656

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

FOR

NATIONAL HONEY SHOW LIMITED(THE) (A COMPANY LIMITED BY GUARANTEE)

NATIONAL HONEY SHOW LIMITED(THE)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

Page
Reference and Administrative Details 1
Trustees' Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 15
Detailed Statement of Financial Activities 16 to 17

NATIONAL HONEY SHOW LIMITED(THE)

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

TRUSTEES J M Duffin J D Hendrie Mrs F R Matheson R J Maurer C S Mence Mrs C Lewis (resigned 27.10.2022) COMPANY SECRETARY Mrs F R Matheson REGISTERED OFFICE 17 Shire Lane Chorleywood Rickmansworth WD3 5NQ REGISTERED COMPANY NUMBER 00266722 (England and Wales) REGISTERED CHARITY NUMBER 233656 INDEPENDENT EXAMINER Jones Hunt & Keelings Chartered Certified Accountants and Chartered Tax Advisers 71 Knowl Piece Wilbury Way Hitchin Hertfordshire SG4 0TY

Page 1

NATIONAL HONEY SHOW LIMITED(THE)

TRUSTEES' REPORT FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 June 2022 to 31 January 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the Charity are to advance the science of apiculture and for the benefit of the public:

(a) to support and encourage good apicultural husbandry and management,

(b) to promote an awareness of the importance of bees in the environment, and

(c) to promote and further the craft of apiculture.

These are achieved through the media of both national and international competitive classes for honey and related products. Coupled with the Annual Show there is a Trade Exhibition, and a full educational lecture programme, which is funded by the charity with the assistance of sponsors.

The Trustees have had regard to the Charity Commission's guidance on public benefit. This is delivered through the standards set in the Competitive Show to educate beekeepers and the public in the importance of honey and products of the hive; and through its Educational Programme of lectures and workshops in promoting good apicultural husbandry.

The Trustees have also reviewed all the required policies relating to the risks associated with the show.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The 2022 National Honey Show (the 91st show) was successfully staged at Sandown Park, Esher, Surrey with 2088 entries this year up from 1,486 last year, similar to the 2019 pre-COVID scenario. The workshop programme again proved very popular comprising over 30 workshops, mostly fully booked, over two and a half days. The 2022 main lectures were professionally videoed, financially assisted with the help of a grant of £2,500 from the CB Dennis Trust and a grant of £8,000 from the Worshipful Company of Wax Chandlers towards the cost of filming. The lectures are available to view through our website on our YouTube Channel. This venture was again a great success and is a recognized source of high-quality information.

FINANCIAL REVIEW

Financial position

Income is derived from individual and corporate membership fees, annual subscriptions supplemented by an appropriate sum from the Life Members Fund, admissions paid at the door, trade exhibitors' stand rental, the sale of honey and other products of the hive from the Gift Classes, a raffle and donations to general funds. Above all, the Trustees are most grateful to the Worshipful Company of Wax Chandlers, Kerax, the CB Dennis Trust, the Blaxland family and Grans on the Make for their generous sponsorship, and to all those who sponsor lectures and prize money.

Income for the period amounted to £99,686 (2022: £83,370) and its expenditure was £96,533 (2022: £90,924) resulting in a net surplus of £3,153 (2022: £7,554 deficit). In respect of its equity investments, the charity made unrealised losses in the period of £370 (2022: £5,963 gains). The overall surplus for the period was therefore £2,783 (2022: £1,591 deficit).This is due to the increased income from donations, grants, day admissions and stand space sales - all reflecting the return to a pre-COVID attendance and enthusiasm for the Show. The accumulated unrestricted fund at 31 January 2023 was £167,367 (2022: £165,068), of which £100,000 has been treated designated funds, as noted below. The restricted funds stood at £76,208 (2022: £75,724). The total reserves as at the year end were £243,575 (2022: £240,792).

The trustees' policy is to ensure there are sufficient reserves for the National Honey Show (already in its 100th year) to continue for the next two years in the unlikely event that no income is generated.

Whilst the majority of reserves are held in listed unit trusts managed for charities, these can fall in value as well as rise in value. Likewise, the costs of hiring a suitable venue and providing and running a convention and lecture programme are increasing annually and future expenses and sponsorship are unpredictable.

To achieve better rates of interest, all funds are held jointly, but the interest and dividends earned are apportioned pro-rata between the various funds in accordance with their respective balances at the start of the year.

The trustees have reviewed the available resources and consider them adequate to fund activities for the foreseeable future and that the charity is a going concern.

The trustees have agreed to change the reporting date to 31st January, so these accounts reflect the eight month period from 1 June 2022 to 31 January 2023.

Page 2

NATIONAL HONEY SHOW LIMITED(THE)

TRUSTEES' REPORT FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

DESIGNATED FUNDS

During the period, the trustees decided to designate some of the charity's unrestricted funds to various designated funds, as follows:

-Show equipment replacement fund - the charity owns show equipment and stands that are used each year. This equipment is getting well worn. The trustees believe that £25,000 should be set aside to fund an investment in new equipment over the next few years.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The National Honey Show is a charitable company limited by guarantee governed by The Memorandum and Articles of Association, having been drafted in 1932 and have subsequently been amended and lodged with Companies House.

Recruitment and appointment of new trustees

The Articles state that there must be a minimum of three Trustees, who are appointed by the membership at the AGM. One third (or the number nearest to one third) of the Trustees must retire every year, those longest in office retiring first and the choice between any of equal service being made by drawing lots. A retiring Trustee may be reappointed.

Organisational structure

The National Honey Show is organised by a board of directors, who are also the trustees of the Charity and an Executive Committee, which has seven sub-committees. The smooth running of the Show depends upon the many volunteers - those who serve on the committees, the Judges and all those who perform a multitude of different tasks before, during and after the Show.

The National Council, which meets annually and consists of delegates from many of the beekeeping counties of the British Isles and Eire, and the major beekeeping organisations, plays an important part in providing advice to the Trustees.

The Annual General Meeting of the National Honey Show is open to all members and is held immediately before that of the National Council.

Approved by order of the board of trustees on 18 October 2023 and signed on its behalf by:

Mrs FR Matheson

Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NATIONAL HONEY SHOW LIMITED(THE)

Independent examiner's report to the trustees of National Honey Show Limited(The) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the period 1 June 2022 to 31 January 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Alfonso Del Basso

Jones Hunt & Keelings Chartered Certified Accountants and Chartered Tax Advisers 71 Knowl Piece Wilbury Way Hitchin Hertfordshire SG4 0TY

18 October 2023

Page 4

NATIONAL HONEY SHOW LIMITED(THE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
29,007
10,498
Charitable activities
5
National Honey Show
12,468
-
Activities for generating funds
3
44,271
-
Investment income
4
3,442
-
Total
89,188
10,498
EXPENDITURE ON
Cost of generating voluntary income
6
9,332
-
Charitable activities
7
National Honey Show
70,570
10,684
Support costs
5,947
-
Total
85,849
10,684
Net gains/(losses) on investments
(370)
-
NET INCOME/(EXPENDITURE)
2,969
(186)
Transfers between funds
19
(670)
670
Net movement in funds
2,299
484
RECONCILIATION OF FUNDS
Total funds brought forward
165,068
75,724
TOTAL FUNDS CARRIED FORWARD
167,367
76,208		 Period
1.6.22
to
Year Ended
31.1.23
31.5.22
Total
Total
funds
funds
£
£
39,505
39,245
12,468
7,355
44,271
31,182
3,442
5,588
99,686
83,370
9,332
7,469
81,254
81,708
5,947
1,747
96,533
90,924
(370)
5,963
2,783
(1,591)
-
-
2,783
(1,591)
240,792
242,383
243,575
240,792

The notes form part of these financial statements

Page 5

NATIONAL HONEY SHOW LIMITED(THE)

BALANCE SHEET 31 JANUARY 2023

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
13
5,693
-
Investments
14
139,737
76,208
145,430
76,208
CURRENT ASSETS
Stocks
15
3,811
-
Debtors
16
156
-
Cash at bank
31,387
-
35,354
-
CREDITORS
Amounts falling due within one year
17
(7,277)
-
NET CURRENT ASSETS
28,077
-
TOTAL ASSETS LESS CURRENT LIABILITIES
173,507
76,208
CREDITORS
Amounts falling due after more than one year
18
(6,140)
-
NET ASSETS
167,367
76,208
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2023
Total
funds
£
5,693
215,945
221,638
3,811
156
31,387
35,354
(7,277)
28,077
249,715
(6,140)
243,575
167,367
76,208
243,575		 2022
Total
funds
£
3,687
216,315
220,002
4,275
4,901
25,611
34,787
(7,612)
27,175
247,177
(6,385)
240,792
165,068
75,724
240,792

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 18 October 2023 and were signed on its behalf by:

Mrs FR Matheson Trustee

The notes form part of these financial statements

Page 6

NATIONAL HONEY SHOW LIMITED(THE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The charity is not part of any group and therefore these financial statements cover the reporting entity only.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The trustees have a reasonable expectation that the charity will continue to operate for the foreseeable future so these financial statements are prepared on the going concern basis.

Legal status of the charity

The charity is limited by guarantee and has no share capital. New Articles of Association were approved and adopted at the AGM on 27 October 2022 and replace both the Memorandum of Association and Articles of Association which previously prescribed regulations for the charity.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for income and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the trustees' opinion, there are no significant judgements or key sources of estimation uncertainty.

Income

Income is recognised when the charity becomes entitled to it, the Trustees are virtually certain they will receive it and the monetary value can be measured with sufficient reliability. Life Member's subscriptions are accounted for over a period of 16 years.

Grants and donations are only included in the SoFA when the general income recognition criteria are met.

Investment income is recorded when receivable.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Include costs of the preparation and examination of statutory accounts. Expenditure is recognised when incurred and includes VAT which cannot be recovered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost - Show equipment 25% on reducing balance - Challenge cups 10% on reducing balance

Quoted investments

Quoted investments are valued at market value at the balance sheet date. Unrealised and realised investment gains and losses are treated as unrestricted funds in the Statement of Financial Activities.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

continued...

Page 7

NATIONAL HONEY SHOW LIMITED(THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

1. ACCOUNTING POLICIES - continued

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Basic financial instruments

The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS 102 SORP.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Period
1.6.22
to Year Ended
31.1.23 31.5.22
£ £
Donations 6,477 2,903
Gift aid - 3,048
Grants (Kerax, Wax Chandlers, and CB Dennis Trust) 17,500 15,000
Subscriptions 11,994 13,827
Endowments received 384 1,740
Prize money received (including from counties) 2,695 1,854
Draw proceeds 455 873
39,505 39,245
Grants received, included in the above, are as follows:
Period
1.6.22
to Year Ended
31.1.23 31.5.22
£ £
Other grants 17,500 15,000

During the period, the charity received grants totalling £17,500 from three individual trusts (2022: £15,000 from two).

3. ACTIVITIES FOR GENERATING FUNDS

ACTIVITIES FOR GENERATING FUNDS
Period
1.6.22
to Year Ended
31.1.23 31.5.22
£ £
Day admissions 12,358 6,482
Class entry fees and registrations 1,596 523
Stand spaces 29,469 22,756
Advertising 848 1,421
44,271 31,182

continued...

Page 8

NATIONAL HONEY SHOW LIMITED(THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

4. INVESTMENT INCOME
Period
1.6.22
to Year Ended
31.1.23 31.5.22
£ £
Charitable dividends 2,703 4,428
CAF bank 26 -
CCLA (COIF) interest received 816 1,313
Transfer to Deferred Life Member's subscription (103) (153)
3,442 5,588
5. INCOME FROM CHARITABLE ACTIVITIES
Period
1.6.22
to Year Ended
31.1.23 31.5.22
Activity £ £
Lecture convention fees and
sponsorships National Honey Show 8,649 4,570
Receipts from Buy-back of
exhibits and Sales table National Honey Show 2,430 2,005
Sales of publications National Honey Show 756 623
Rent received National Honey Show 633 157
12,468 7,355
6. COST OF GENERATING VOLUNTARY INCOME
Costs of generating voluntary income
Period
1.6.22
to Year Ended
31.1.23 31.5.22
£ £
Draw expenses - 48
Affiliation fees (BBKA) 120 120
Postage and telephone 1,514 484
Printing and stationery 4,927 4,015
Advertising and publicity 2,771 2,802
9,332 7,469
7. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 8) note 9) Totals
£ £ £
National Honey Show 81,254 - 81,254
Support costs - 5,947 5,947
81,254 5,947 87,201

continued...

Page 9

NATIONAL HONEY SHOW LIMITED(THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

8. DIRECT COSTS OF CHARITABLE ACTIVITIES

8. DIRECT COSTS OF CHARITABLE ACTIVITIES
Period
1.6.22
to Year Ended
31.1.23 31.5.22
£ £
Judge's and Stewards' expenses 4,553 2,187
Engraving and medals 1,100 862
Show prizes 3,684 2,831
Hire of halls 25,766 23,793
Workshops and Lecture convention expenses 8,632 5,994
Audio visual, streaming, filming, etc. 35,850 42,009
Show expenses 844 3,482
Rent of Garage 825 550
81,254 81,708
9. SUPPORT COSTS
Governance
Other costs Totals
£ £ £
Support costs 1,927 4,020 5,947

The independent examiner's fees of £4,020 (2022: £nil) includes a fee of £1,620 (2022: £nil) relating to accountancy services. Support costs, included in the above, are as follows:

Support costs, included in the above, are as follows:
Period
1.6.22
to Year Ended
31.1.23 31.5.22
Support Total
costs activities
£ £
Insurance 231 236
Sundries - 2
Legal - 252
Bank and Card Payment charges 522 772
Depreciation 1,174 485
Accountancy and legal fees 4,020 -
5,947 1,747

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Period
1.6.22
to Year Ended
31.1.23 31.5.22
£ £
Depreciation - owned assets 1,174 485
Independent examiner's fees 4,020 -

continued...

Page 10

NATIONAL HONEY SHOW LIMITED(THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 January 2023 nor for the year ended 31 May 2022.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 January 2023 nor for the year ended 31 May 2022.

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
37,495
1,750
Charitable activities
National Honey Show
7,355
-
Activities for generating funds
31,182
-
Investment income
5,588
-
Total
81,620
1,750
EXPENDITURE ON
Cost of generating voluntary income
7,469
-
Charitable activities
National Honey Show
81,158
550
Support costs
1,747
-
Total
90,374
550
Net gains on investments
5,963
-
NET INCOME/(EXPENDITURE)
(2,791)
1,200
Transfers between funds
(1,025)
1,025
Net movement in funds
(3,816)
2,225
RECONCILIATION OF FUNDS
Total funds brought forward
168,884
73,499
TOTAL FUNDS CARRIED FORWARD
165,068
75,724		 Total
funds
£
39,245
7,355
31,182
5,588
83,370
7,469
81,708
1,747
90,924
5,963
(1,591)
-
(1,591)
242,383
240,792

continued...

Page 11

NATIONAL HONEY SHOW LIMITED(THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

13. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Freehold Show Challenge
property equipment cups Totals
£ £ £ £
COST
At 1 June 2022 3,040 9,632 5,737 18,409
Additions - 3,180 - 3,180
At 31 January 2023 3,040 12,812 5,737 21,589
DEPRECIATION
At 1 June 2022 1,424 8,487 4,811 14,722
Charge for year - 1,081 93 1,174
At 31 January 2023 1,424 9,568 4,904 15,896
NET BOOK VALUE
At 31 January 2023 1,616 3,244 833 5,693
At 31 May 2022 1,616 1,145 926 3,687

At the period end, the trustees valued the cups at £30,000.

The charity owns a freehold garage at Hennel Close, Forest Hill and this is valued at £24,000 at the period end. The freehold land of the garage has not been depreciated, and is estimated to be approximately a third of the overall cost of the garage of £3,040.

14. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 June 2022 216,315
Revaluations (370)
At 31 January 2023 215,945
NET BOOK VALUE
At 31 January 2023 215,945
At 31 May 2022 216,315

There were no investment assets outside the UK.

Cost or valuation at 31 January 2023 is represented by:

Listed
investments
£
Valuation in 2023 98,808
Cost 117,137
215,945

continued...

Page 12

NATIONAL HONEY SHOW LIMITED(THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

15.
STOCKS
Stocks
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
Life Member subscription deferred
18.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Life Member subscription deferred
19.
MOVEMENT IN FUNDS
Net
movement
At 1.6.22
in funds
£
£
Unrestricted funds
General fund
165,068
2,969
Freehold Property Repairs Fund
-
-
Show Equipment Replacment Fund
-
-
Educational Programme Fund
-
-
100th Show Fund
-
-
165,068
2,969
Restricted funds
Hamlin Memorial Fund
39,758
-
Prize Money Fund
5,966
(186)
Challenge Cup Insurance Reserve
30,000
-
75,724
(186)
TOTAL FUNDS
240,792
2,783		 2023
£
3,811
2023
£
156
2023
£
6,589
688
7,277
2023
£
6,140
Transfers
between
funds
£
(100,670)
5,000
25,000
50,000
20,000
(670)
583
87
-
670
-		 2022
£
4,275
2022
£
4,901
2022
£
6,948
664
7,612
2022
£
6,385
At
31.1.23
£
67,367
5,000
25,000
50,000
20,000		 2022
£
4,275
2022
£
4,901
2022
£
6,948
664
7,612
2022
£
6,385
167,367
40,341
5,867
30,000
76,208
243,575

continued...

Page 13

NATIONAL HONEY SHOW LIMITED(THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

19. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

I
r
Unrestricted funds
General fund
Restricted funds
Prize Money Fund
Lecture Program Fund
Filming Costs Fund
TOTAL FUNDS
Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Hamlin Memorial Fund
Prize Money Fund
Challenge Cup Insurance Reserve
TOTAL FUNDS
Comparative net movement in funds, included in the above
I
r
Unrestricted funds
General fund
Restricted funds
Hamlin Memorial Fund
Prize Money Fund
TOTAL FUNDS		 ncoming
Resources
Gains and
Movement
esources
expended
losses
in funds
£
£
£
£
89,188
(85,849)
(370)
2,969
384
(570)
-
(186)
7,614
(7,614)
-
-
2,500
(2,500)
-
-
10,498
(10,684)
-
(186)
99,686
(96,533)
(370)
2,783
Net
Transfers
movement
between
At
At 1.6.21
in funds
funds
31.5.22
£
£
£
£
168,884
(2,791)
(1,025)
165,068
38,833
10
915
39,758
4,666
1,190
110
5,966
30,000
-
-
30,000
73,499
1,200
1,025
75,724
242,383
(1,591)
-
240,792
are as follows:
ncoming
Resources
Gains and
Movement
esources
expended
losses
in funds
£
£
£
£
81,620
(90,374)
5,963
(2,791)
10
-
-
10
1,740
(550)
-
1,190
1,750
(550)
-
1,200
83,370
(90,924)
5,963
(1,591)

Restricted funds are as follows:

continued...

Page 14

NATIONAL HONEY SHOW LIMITED(THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

19. MOVEMENT IN FUNDS - continued

20. RELATED PARTY DISCLOSURES

During the period, one of the trustees loaned the charity £2,000 (2022: £Nil) and at the year end this amount remained outstanding.

None of the trustees received any remuneration or were reimbursed expenses from the charity in the period or in the previous year.

Page 15

NATIONAL HONEY SHOW LIMITED(THE)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

Period
1 June 2022
To Year Ended
31.1.23 31.5.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 6,477 2,903
Gift aid - 3,048
Grants (Kera, Wax Chandlers, and CB Dennis Trust) 17,500 15,000
Subscriptions 11,994 13,827
Endowments received 384 1,740
Prize money received (including from counties) 2,695 1,854
Draw proceeds 455 873
39,505 39,245
Activities for generating funds
Day admissions 12,358 6,482
Class entry fees and registrations 1,596 523
Stand spaces 29,469 22,756
Advertising 848 1,421
44,271 31,182
Investment income
Charitable dividends 2,703 4,428
CAF bank 26 -
CCLA (COIF) interest received 816 1,313
Transfer to Deferred Life Member's subscription (103) (153)
3,442 5,588
Charitable activities
Lecture convention fees and sponsorships 8,649 4,570
Receipts from Buy-back of exhibits and Sales table 2,430 2,005
Sales of publications 756 623
Rent received 633 157
12,468 7,355
Total incoming resources 99,686 83,370
EXPENDITURE
Costs of generating voluntary income
Draw expenses - 48
Affiliation fees (BBKA) 120 120
Postage and telephone 1,514 484
Printing and stationery 4,927 4,015
Advertising and publicity 2,771 2,802
9,332 7,469
Charitable activities
Judge's and Stewards' expenses 4,553 2,187
Carried forward 4,553 2,187

This page does not form part of the statutory financial statements

Page 16

NATIONAL HONEY SHOW LIMITED(THE)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023

Period

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD 1 JUNE 2022 TO 31 JANUARY 2023
Period
1 June 2022
To Year Ended
31.1.23 31.5.22
£ £
Charitable activities
Brought forward 4,553 2,187
Engraving and medals 1,100 862
Show prizes 3,684 2,831
Hire of halls 25,766 23,793
Workshops and Lecture convention expenses 8,632 5,994
Audio visual, streaming, filming, etc. 35,850 42,009
Show expenses 844 3,482
Rent of Garage 825 550
81,254 81,708
Support costs
Other
Insurance 231 236
Sundries - 2
Legal - 252
Bank and Card Payment charges 522 772
Depreciation 1,174 485
1,927 1,747
Governance costs
Accountancy and legal fees 4,020 -
Total resources expended 96,533 90,924
Net income/(expenditure) before gains and losses 3,153 (7,554)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments (370) 5,963
Net income/(expenditure) 2,783 (1,591)

This page does not form part of the statutory financial statements

Page 17