2022-09-30-accounts - The Royal Isle Of Wight Agricultural Society

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REGISTERED CHARITY NUMBER: 249519

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ

ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

	Page
Report of the Trustees	1 to	5
Independent Examiner's Report	6
Consolidated Statement of Financial Activities	7
Consolidated Balance Sheet	8
Parent Statement of Financial Activities	9
Parent Balance Sheet	10
Notes to the Financial Statements	11 to	21

ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022

The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. 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 objectives of the Charity, as set out in the Trust Deed, are within the Isle of Wight to encourage agriculture generally and the preservation of the physical and natural environment and, in particular and without prejudice to the generality of the foregoing, by promoting understanding, knowledge and awareness amongst the general public of the physical and natural environment by all or any of the following means - publications, funding, meetings, organising displays, promotional events and the County Show.

Another objective is to assist people in furthering their education and skills development in their trades, vocations and professions linked to agriculture and the physical and natural environment via recognised training and educational establishments or individuals by bursaries, grants, and support.

Objectives for the year

The primary objective for the year has been to continue to develop the Society's support for the rural sector, holding an annual show, provide financial support for individuals undertaking education and personal development activities, and supporting the local food sector. The Royal Isle of Wight County Show returned after a two-year break.

Strategy to achieve these objectives

The Executive Committee has retained the organisation of the County Show in-house, via its County Show sub-committee and secretariat contract. The Rural Careers Fund entered its ninth year offering both Scholarships and Bursaries. Wight Marque continued its support for the Island's food and drink sector.

Public benefit

All the activities of the Charity focus on delivering community benefit and are in accordance with the objects of the Charity.

The Trustees have complied with their duty to have due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.

Grantmaking

The Charity has ensured that the criteria that it uses to apply funding has been in accordance with the Constitution. The applicant must be engaged or linked to an agricultural or environmental activity and be receiving recognised training, education, or personal development. The Rural Careers Fund sub-committee has awarded scholarships or bursaries only for the duration of one year following which a further application may be made.

ACHIEVEMENT AND PERFORMANCE

Principle activities for the year

After an enforced two year break due to the Pandemic, both the Royal Isle of Wight County Show and the annual Education Day returned with great success. Scholarships and bursaries continued to be awarded from the Rural Careers Fund.

In addition to its Executive Committee the Society now has four sub committees:

County Show
Rural Careers Fund
Wight Marquee
Strategy

Page 1

ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022

FINANCIAL REVIEW

Review of performance for the year

After a two-year Covid-19 enforced break, the Royal Isle of Wight County Show returned on 25th and 26th June 2022.

In the lead up to the show there was an air of cautious optimism as no one really knew how people would respond. It was to be one of the first community events to take place on the Island after the lifting of the Covid-19 restrictions. However, it was soon apparent the show had been missed.

Running for its 121st year, the royal status of the show was in full force with the central theme being Her Majesty's Platinum Jubilee. The Village Green hosted a giant Jubilee picnic in celebration. It was an honour and very important that we celebrated our royal connection, and that both young and older generations could come together in the fun filled activities.

Support for local businesses is an important aspect throughout the show, with the Society's Wight Marque products

on sale in the Food Pavilion, which are either made, grown, or manufactured on the Island. We also showed off the Island's variety of attractions and activities in our new for 2022 Visit IW tourism marquee, and even born and bred islanders were informed of some of our local hidden gems. Our more artistic residents displayed their skills and fantastic creations in the Island Arts and Makers Market marquees, which was hard to miss for the bright colours and vibrant displays.

There was never a dull moment during the show, with all the senses being engaged. Seeing the animals, through the falconry displays, equine events,

and Main Ring activities. Hearing the bands, fairground, and orchestra of animal noises. Smelling fresh air, food, and tractor engines. Touching the sheep, pigs, calves, goats, and alpacas. And tasting the variety of local produce and food stalls.

After having to cancel the show for 2 years, it was great to have our loyal stands, traders and events come back, and also to have many new faces join us. People were enthusiastic and happy to be back, and the show gave people confidence to host events again.

Family is often an important aspect to rural life, which we like to reflect at the County Show. Under 16s go free, to make it more family inclusive, and in our show guide we also had activities for children to get them interacting with the show and to help keep them entertained. Our Show Theatre also hosted a debate which gave primary school children the opportunity to talk about things that they are

passionate about in a different environment to the classroom. Our local 'Young Farmers Club' stand was great for getting young people involved, with digger driving and wellie wanging, and to show that you don't have to come from a farming background to be interested in rural life.

The Royal Isle of Wight County Show represents the Isle of Wight and aims to celebrate our beautifully rural island. The Grade Parade is a proud moment, when the trophy and rosette winners gather in the Main Ring, and you really get to see the best of the island's farming community. The show is an important celebration of our rural community and brings people together in different ways.

Page 2

ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022

FINANCIAL REVIEW

Review of performance for the year (continued)

Alongside the important role the County Show plays to support the rural economy, surpluses from the show are used to fund the Rural Careers Fund, to help young people to develop their careers and role on the Island. In line with the County Show, the Society's Education Day returned in 2022 after a 2-year break. Over 400 primary school children from 12 schools attended and were delighted to be joined by the Earl and Countess of Wessex and our President the Island's Lord Lieutenant.

The Royal party joined the children as they visited the various areas and took part in a range of activities, all of which represented aspects of the County Show. A highlight of the visit was their participation in the Food Pavilion's pizza topping competition, where the children had to design and create a pizza, which was then baked for them to take home.

The Education Day is a special event in the calendar where the children can actively get involved with all the areas of the County Show in a fun and informative way. The levels of excitement, interest and sheer enjoyment are compelling and great thanks go to all the Area Leads who once again gave up so much of their time to allow the Education Day to take place.

Page 3

ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022

FINANCIAL REVIEW

Financial review

The income for the County Show Limited was up on the previous year at £132,697 (2021 - £14,807) thanks to being able to hold the main event after a 2 year break. Expenditure in total was also up this year at £97,200 (2021 - £13,486). The result of this led to a profit for the year of £35,497 (2021 - £1,321). All profits of the subsidiary are donated to the parent charity.

The Charity's income for the year was £80,005 (2021 - £49,080) and expenditure was £39,762 (2021 - £50,282). The Charity reported a total surplus for the year of £40,243 (2021 - deficit of £1,202).

The overall consolidated surplus for the year was £42,359 (2021 - £119).

Reserves policy

As part of the Executive Committee's financial best practice approach, a Reserve Policy was introduced in 2018. The policy is to retain cash reserves equivalent to half the cost of the next County Show and to cover the notice period (3 months) of the office contract. The Society currently adheres to its Reserve Policy.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity was founded in 1894 and is governed by its trust deed dated 11 January 2006.

Recruitment and appointment of new trustees

The officers of the Charity are elected each year by the members at the Annual General Meeting. The Executive Management Committee is elected for a period of three years.

One third of the Executive Management Committee will retire each year by rotation and the positions filled by election at the Annual General Meeting.

Organisational structure

The Charity has a wholly owned non-charitable subsidiary (Isle of Wight County Show Limited) which undertakes the management and trade of the annual County Show.

The performance of this is included in the results for the year.

It is the performance of the County Show which financially underpins the ability of the Charity to carry out its objectives.

Risk management

The Executive Committee manages risk and Risk Assessments have been carried out where appropriate with regard to the activities in which it is engaged.

Specific attention has been given to the activities involved in the staging of the County Show and an Event Safety Plan is in place and is supported by specific Risk Assessments.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 249519

Page 4

ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022

Principal address Shide Meadows Centre Shide Road Newport Isle of Wight PO30 1HR

Trustees Mrs C Betley Mr G Biss Mr R M Brown Mrs R A Edwards Mrs J Griffin Mr D M Groves Mrs S F Groves Mr D Horne Mr J Heather Mrs G Kennett Mr D J S Russell

Independent Examiner Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Mrs R A Edwards - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

Independent examiner's report to the trustees of Royal Isle of Wight Agricultural Society

I report to the charity trustees on my examination of the accounts of Royal Isle of Wight Agricultural Society (the Trust) for the year ended 30 September 2022.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
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.

J Palmer FCCA Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ

Date: .............................................

Page 6

THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022

Royal Isle of Wight Agricultural Society Unrestricted Restricted funds funds Notes £ £ INCOME FROM Donations and legacies 2 25,578 3,510 Charitable activities 4 Income from charitable activities 3,500 - Other trading activities 3 14,036 - Other income - - Total income 43,114 3,510 EXPENDITURE ON Raising funds 5 17,880 333 Charitable activities 6 General 20,209 1,340 Total expenditure 38,089 1,673 NET INCOMING/(OUTGOING) RESOURCES 5,025 1,837 Transfer between funds 16 33,381 - Net movement in funds 38,406 1,837 RECONCILIATION OF FUNDS Total funds brought forward 63,293 2,645 TOTAL FUNDS CARRIED FORWARD 101,699 4,482	IW County Show Ltd Unrestricted funds £ - - 132,697 - 132,697 96,492 708 97,200 35,497 (33,381) 2,116 2,349 4,465	2022 Total funds £ 29,088 3,500 146,733 - 179,321 114,705 22,257 136,962 42,359 - 42,359 68,287 110,646	2021 Total funds £ 35,189 7,170 21,039 489
			63,887 58,519 5,249
			63,768
			119 -
			119 68,168
			68,287

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 7

THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

CONSOLIDATED BALANCE SHEET AT 30 SEPTEMBER 2021

Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 13 Cash at bank and in hand CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS	Unrestricted Funds £ 35,319 35,319 9,608 67,123 76,731 (5,886) 70,845 106,164 106,164	Restricted Funds £ - - - 4,482 4,482 - 4,482 4,482 4,482	2022 Total funds £ 35,319 35,319 9,608 71,605 81,213 (5,886) 75,327 110,646 110,646 106,164 4,482 110,646	2021 Total funds £ 35,784
				35,784 12,745 31,219
				43,964 (11,461)
				32,503
				68,287
				68,287
				65,642 2,645
				68,287

The financial statements were approved by the Board of Trustees on …...................................and were signed on its behalf by:

…...................................................................................... Mrs R A Edwards - Trustee

The notes form part of these financial statements

Page 8

THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

PARENT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022

Notes INCOME FROM Donations and legacies 2 Charitable activities 4 Income from charitable activities Other trading activities 3 Other income Total income EXPENDITURE ON Raising funds 5 Charitable activities 6 General Total expenditure NET INCOMING/(OUTGOING) RESOURCES Transfer between funds 16 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 58,959 3,500 14,036 - 76,495 17,880 20,209 38,089 38,406 - 38,406 63,293 101,699	Restricted funds £ 3,510 - - - 3,510 333 1,340 1,673 1,837 - 1,837 2,645 4,482	2022 Total funds £ 62,469 3,500 14,036 - 80,005 18,213 21,549 39,762 40,243 - 40,243 65,938 106,181	2021 Total funds £ 35,189 7,170 6,232 489
				49,080 45,333 4,949
				50,282
				(1,202) -
				(1,202) 67,140
				65,938

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 9

THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

PARENT BALANCE SHEET AT 30 SEPTEMBER 2021

Unrestricted Funds £ 35,319 100	Restricted Funds £ - -	2021 Total funds £ 35,784 100
35,419 59,772 10,167	- - 4,482	35,884 29,309 2,358
69,939 (3,659)	4,482 -	31,667 (1,613)
66,280	4,482	30,054
101,699	4,482	65,938
101,699	4,482	65,938
		63,293 2,645
		65,938

The financial statements were approved by the Board of Trustees on …...................................and were signed on its behalf by:

…......................................................................................

Mrs R A Edwards - Trustee

The notes form part of these financial statements

Page 10

THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 2015)', 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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Allocation and apportionment of costs

Support costs are costs related to providing direct support to the charity. Governance costs are independent examiners fees and trustee meeting and insurance. Any such costs incurred during the year that are not directly attributable to the charitable activities of the organisation are allocated on the proportion of total direct costs required to support each activity.

Tangible fixed assets

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

Show Ground - nil Buildings - various Show equipment - 10% or 25% on cost Office equipment - 10% on cost

Taxation

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

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THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 ACCOUNTING POLICIES - continued

Fund accounting

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

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.

Basis of consolidation

The accounts of the group consolidate the results of the charity and its subsidiary undertaking, Isle of Wight County Show Limited which are made up to 30 September. The accounts are consolidated on a line by line basis.

2. DONATIONS AND LEGACIES

2. DONATIONS AND LEGACIES
Donations Subscriptions Gift aid rebates Grants Donated from County Show 3. OTHER TRADING ACTIVITIES Hire of show equipment and ground Gate entry fees Trade space Sponsorship Wightlink commission Miscellaneous income 4. INCOME FROM CHARITABLE ACTIVITIES Activity Wight Marque income General	Group Parent Group Parent 2022 2022 2021 2021 £ £ £ £ 605 605 - - 14,130 14,130 14,862 14,862 2,630 2,630 2,754 2,754 11,723 11,723 17,573 17,573 - 33,381 - -
	29,088 62,469 35,189 35,189
	Group Parent Group Parent 2022 2022 2021 2021 £ £ £ £ 14,036 14,036 6,232 6,232 72,867 - 6,112 - 14,968 - 2,300 - 29,130 - 2,150 - 3,966 - 4,148 - 5,180 - 97 -
	146,733 14,036 21,039 6,232
	Group Parent Group Parent 2022 2022 2021 2021 £ £ £ £ 3,500 3,500 7,170 7,170
	3,500 3,500 7,170 7,170

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THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2022

5. RAISING FUNDS


RAISING FUNDS General ground expenses Postage and telephone Office services Depreciation Events and marketing Trading activities: IOWCS	Group Parent Group Parent 2022 2022 2021 2021 £ £ £ £ 3,037 3,037 3,720 3,720 329 329 158 158 13,688 13,688 38,742 38,742 465 465 465 465 694 694 2,248 2,248 96,492 - 13,186 -
	114,705 18,213 58,519 45,333

6. CHARITABLE ACTIVITIES COSTS

Grants Wight Marque expenses Accountancy Accountancy under/(over)provision Legal and professional Trustee insurance AGM expenses	Group Parent Group Parent 2022 2022 2021 2021 £ £ £ £ 12,081 12,081 2,050 2,050 - - 975 975 2,034 1,326 1,380 900 - - (180) - 443 443 151 151 986 986 523 523 291 291 350 350
	22,257 21,549 5,249 4,949

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.

8. STAFF COSTS

The charity and its subsidiary paid no employees during 2021 and 2022.

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THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2022

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (GROUP)

Unrestricted funds £ 34,189 7,170 21,039 489	Restricted funds £ 1,000 - - -	Total funds £ 35,189 7,170 21,039 489
62,887 58,186 3,199	1,000 333 2,050	63,887 58,519 5,249
61,385	2,383	63,768
1,502 -	(1,383) -	119 -
1,502 64,140	(1,383) 4,028	119 68,168
65,642	2,645	68,287
	(PARENT) Restricted funds £ 1,000 - - -	Total funds £ 35,189 7,170 6,232 489
48,080 45,000 2,899	1,000 333 2,050	49,080 45,333 4,949
47,899	2,383	50,282
181 -	(1,383) -	(1,202) -
181 63,112	(1,383) 4,028	(1,202) 67,140
63,293	2,645	65,938

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES CONTINUED (PARENT)

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THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2022

GROUP) Show Ground & buildings £ 38,178 -	Show equipment £ 61,087 -	Office equipment £ 7,594 -	Total £ 106,859 -
38,178	61,087	7,594	106,859
2,394 465	61,087 -	7,594 -	71,075 465
2,859	61,087	7,594	71,540
35,319	-	-	35,319
35,784	-	-	35,784

11. FIXED ASSET INVESTMENTS (PARENT ONLY)

Shares in group undertakings £ 100	Listed investments £ -	Total £ 100
100	-	100
100	-	100
100	-	100

There were no investment assets outside the UK.

The parent's investments at the balance sheet date in the share capital of companies include the following:

Isle of Wight County Show Ltd Nature of business: Commercial events Registered office: Shide Meadow Centre, Shide Road, Newport, Isle of Wight, PO30 1HR

% Class of share: holding Ordinary 100 Aggregate capital and reserves Profit/(loss) for the year	2022 £ 4,563 35,497	2021 £ 2,449 1,321

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THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2022

12. TRADING RESULTS OF SUBSIDIARIES

Income Gate Trade space Sponsorship Wightlink tickets Miscellaneous income Cost of sales Hire of equipment Insurance Print and stationery Marketing and website Health and safety Traffic management Licences Volunteer costs Equipment Office costs Entertainment Ground preparation GROSS PROFIT Admin Expenditure Sundry expenses Accountancy Accountancy under/(over)provision Bank charges NET PROFIT	2022 2021 £ £ 72,867 6,112 14,968 2,300 29,130 2,150 3,966 4,148 5,180 97 132,697 14,807 29,079 4,898 2,888 3,421 2,520 936 8,899 879 1,949 665 1,920 240 278 81 1,845 600 527 - 20,995 - 12,169 980 2,891 401 91,737 13,101 40,960 1,706 4,722 67 708 480 - (180) 33 18 5,463 385 35,497 1,321 IOW County Show Ltd	2022 2021 £ £ 72,867 6,112 14,968 2,300 29,130 2,150 3,966 4,148 5,180 97 132,697 14,807 29,079 4,898 2,888 3,421 2,520 936 8,899 879 1,949 665 1,920 240 278 81 1,845 600 527 - 20,995 - 12,169 980 2,891 401 91,737 13,101 40,960 1,706 4,722 67 708 480 - (180) 33 18 5,463 385 35,497 1,321 IOW County Show Ltd
		14,807 4,898 3,421 936 879 665 240 81 600 - - 980 401
		13,101
		1,706 67 480 (180) 18
		385
		1,321

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THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2022

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Amounts owed by group undertakings Trade debtors Other debtors	2022 £ Group - 7,168 2,440 9,608	2022 £ Parent 59,179 - 593 59,772	2021 £ Group - 6,353 6,392 12,745	2021 £ Parent 25,190 - 4,119
				29,309

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors Other creditors	2022 £ Group 2,711 3,175 5,886	2022 £ Parent 2,711 948 3,659	2021 £ Group 713 10,748 11,461	2021 £ Parent 713 900
				1,613

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THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2022

15. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted company funds General fund Unrestricted subsidiary funds IOW County Show Limited general fund Restricted funds Leader grant Bursary donation Wight Aid Rural Careers Fund TOTAL GROUP FUNDS TOTAL PARENT FUNDS	At 1.10.21 £ 63,293 2,349	Net movement in funds £ 5,025 35,497	Transfers between funds £ 33,381 (33,381)	At 30.09.22 £ 101,699 4,465
	65,642 1,337 - 350 958	40,522 (333) - (350) 2,520	- - - - -	106,164 1,004 - - 3,478
	2,645	1,837	-	4,482
	68,287	42,359	-	110,646
	65,938	40,243	-	106,181

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

Incoming resources £ 43,114 132,697	Resources expended £ (38,089) (97,200)	Gains and losses £ - -	Movement in funds £ 5,025 35,497
175,811 - - - 3,510	(135,289) (333) - (350) (990)	- - - - -	40,522 (333) - (350) 2,520
3,510	(1,673)	-	1,837
179,321	(136,962)	-	42,359
80,005	(39,762)	-	40,243

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THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2022

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Comparatives for movement in funds
Unrestricted company funds General fund Unrestricted subsidiary funds IOW County Show Limited general fund Restricted funds Leader grant Bursary donation Wight Aid Rural Careers Fund TOTAL GROUP FUNDS TOTAL PARENT FUNDS	At 1.10.20 £ 63,112 1,028	Net movement in funds £ 181 1,321	Transfers between funds £ - -	At 30.09.21 £ 63,293 2,349
	64,140 1,670 - 350 2,008	1,502 (333) - - (1,050)	- - - - -	65,642 1,337 - 350 958
	4,028	(1,383)	-	2,645
	68,168	119	-	68,287
	67,140	(1,202)	-	65,938

Comparative net movement in funds, included in the above are as follows:

Incoming resources £ 48,080 14,807	Resources expended £ (47,899) (13,486)	Gains and losses £ - -	Movement in funds £ 181 1,321
62,887 - - - 1,000	(61,385) (333) - - (2,050)	- - -	1,502 (333) - - (1,050)
1,000	(2,383)	-	(1,383)
63,887	(63,768)	-	119
49,080	(50,282)	-	(1,202)

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THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2022

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

At 1.10.20 £ 63,112 1,028	Net movement in funds £ 5,206 36,818	Transfers between funds £ 33,381 - (33,381)	At 30.09.22 £ 101,699 4,465
64,140 1,670 - 350 2,008	42,024 (666) - (350) 1,470	- - - - -	106,164 1,004 - - 3,478
4,028	454	-	4,482
68,168	42,478	-	110,646
67,140	39,041	-	106,181

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming resources £ 91,194 147,504	Resources expended £ (85,988) (110,686)	Gains and losses £ - -	Movement in funds £ 5,206 36,818
238,698 - - - 4,510	(196,674) (666) - (350) (3,040)	- - - - -	42,024 (666) - (350) 1,470
4,510	(4,056)	-	454
243,208	(200,730)	-	42,478
129,085	(90,044)	-	39,041

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THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2022

16. MOVEMENT IN FUNDS - continued

Unrestricted funds

The charity's general funds consist of funds which the trustees are free to use in accordance with the charitable objects.

Restricted funds

Leader Grant - the represents a grant awarded help fund improvements to the County Showground and the creation of marketing material of the Society.

Wight Aid - this represents a grant received to support travel costs incurred by schools attending the Society's Education Day.

Rural Careers Fund - this replaced the bursary donation fund and represents donations provided by third parties to support the award of scholarships and bursaries under the Rural Careers Fund.

Transfers between funds

The fund transfers showing in the accounts are standard consolidation transactions required to correct the group position at the year end.

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