REGISTERED CHARITY NUMBER: 249519 REPORT OF THE TRUSTEES AND UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 FOR ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY Bright Browri Limited Ch3rtered Accountants Exchange House St, Cross Lane Newport 151e of Wight P0305BZ
ROYAL ISLE OF WIGHT AGRICULTURAL SOCIEtY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30SEPTEMBER 2023 Pège Report of the Trustees Independent fxamlner's Report Consolldated Ststement of Flnanclal Activitie5 Consolidated Balance sheet Parent Statement of Financial Activities Parent Balance Sheet io Notes to the Flnanclal Statements li to 21
ROVAL ISLE OF WIGHT AGRICULTURAL SOCIETY REPORT OFTHETRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 The trustees present their report with the financial statements of the charity for the year ended 30 September 2023. The trustees hawe adopted the provisinns of Accounting and Reporting by Charitics.. Stotement of Recommended Practice applicable to charities preparing their accounts in accordancc with the Financial Reporting Standard applicable in tho UK and Republic of Ireland IFRS 1021 (effective I january 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The objechves of the Charity, as set out In the Trust Dcod, are within the Isle of Wight to encourage agriculture generally and the preservation of the phy5cl and natural environment and, in particu13r and without prejudice to the generality of the foregoing, by promOtig 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. The Royal Isle of Wight County Show returned after a two-year break. Another objective is to assist people in furthering their education and skills development in the.ir trades, vocations and professions linked to agriculture and the physical and natural enwronment via recognised training and educational e5tabllshments or individva15 by bursarles, grants, and support. Objedives for the year The primary objecknve lor thÈ year ha5 been to continue to develop the Society'5 SUPPOrt for the rural sector, holding an annual show, provide linancial support for individuals undertaking edu£ation and personal develnpment activities, and supporbng the local food Sector. The Royal Isl? of Wight County Show was a great succes5 building on the achievements of previous years. strategy to achieve these objethves The Executive Committee has retained the organisation of the County Show in-h(Iu5e. Vlil Its County Show Sub-committee and secretariat contract. The Rural carp.ers P"und entered it5 ninth year offering both Scholarships and Bursaries. Wight Marque cnntinued its support for the Island's food and drink sector. Public benefit All the a(vie5 of the Charity fotus on delivering co¥nmunity benefit and are in accordaFTr¢e wlth the objects of th Charity. The Trustees hdve complied wtth their dutyto have due regard tothe Charity Commission's publlc benefit guidan when exercising any powers or duties to which the guidance is relevant. Grantmaking The Charity ha5 ensured that the criteria th3t it uses to apply funding has been in accordance with the Constitution. The dppIic3nt must be èngaged or linked to an agricultural 01 environmental activity and be r2celving recognisod training, education, or personal development. The Rural Careers Fund sub-committee has awarded scholarship5 or bursaries only for the duration of one year following which 3 further application may be made. ACHIEVEMENT ANO PERFORMANCE Principle act6vlties for the year 80th the Royal Islo of Wight County Show and the annual Educadon Day were held with great success. Scholarships and bursaries continued to be Bwarded from the Rural C3reers Fund. In addition to its Exeiutive Committee the Society now has four sub committees,. County Show Rural Careers Fund Wight Ma¥que Str3tegv Page I
ROYAL15LE OF WIGHT AGRICULTURAL SOCIETY REPORT OF THE TRL15TEES FOR THE YEAR ENDE030 SEPTEMBER 2023 FINANCIAL REVIEW Review of performance for the year The Royal Isle of Wight County Show wa5 held on Saturday 8th and Sunday 9th July. Running for it5 122nd year, the royal status of the show was in full force ill ovr newto 2023 Garden and Outdoor Living area, which hosted a Show Garden, with the central theme being HIS Majesty's Coronation. It was a successful competition, with four gardens entering, and the rosettes awarded by our President - Mrs Susie Sheldon. 11 wa5 an honour and very imporlant ihat we celebrated our royal connection. This ye3r we decided to spread the entertainment across the showground, r3ther than having c>ne Main eVet in the Main fting, This worked extr@mely well and brought the crowds to all the different areas of the show. Our woodland area hosted the Adam's Axemen, and Harvey the logging Horse. The Canine area returned with It's Furi Dog Show, which was a great W3y to get the public involved in a f¥iendly four-legged competition. We al50 had The Sheep Show in attend8nte. which was very popular with the public, for both the educational and entertaining a5PeCts. Also new to 2023 was the Food antj Drink Festival, which engulfed the senses, with the smell of garllc, the touch of deer antlers, and of course. all the free tastersl It also helped support local businesses by promoting the Society's Wight Marque products, which are either rrade, grown, or manufactured on the Island. QIJIRKY &DE RAVOUR & VODKA cujs EU The Island's variéty of attractions and activitie5 were pmmoted in our Visit IW tourism marquee, and tho Islands 3rtistic residents displayed their skills and fant3stic creations in the Island Arts and Makers M3rket marquees, which was hard lo mi55 for the bright rolours and vibrant displays. There was nev?r a dull mom&nt during the show, with all the 5en5es being engaged. Seeing the animals. through the falconry dlsplays. Shetland Grand National, BrTrti5h Scurry and thp D¢)g and Sheep Show. Hearing the bands, IWTrial Bikes, and orchestra of anirnal noi5e5. Smelling fresh air, food, ènd trattor engines. Touching the sheep. pigs. calves. goats, alid alpaca5. And tasting the variety of local produce and food stalls. Family is often an important èspect to rurdl life, which we like to refiect at the County Show. Under 165 go free, to make it more family indusive, and in our Show Guide we also had activitie5 for children to £pt them interacting with the show and to help keep them entertained. The Royal Isle of Wight County Show represents the Isle of Wight and aims to celebrate our beautifully rural island. This vear the Grade P3r3de was hosted at an earliertime. which worked very well as more of the public were around to watch the proud owners exhibit their animals, trophies, and rosettes, and you really got to see the best Df the island's farming community. The show is an irD.pcrtant celebr3tion of our rural community and brings people together Sn different ways. Page 2
ROYAL ISLE OF WIGHT AGRICULTURAL SOCIEtY REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 305EPTEMBER 2023 Il The move to a LWO day show was well 5UPPOrted with a record number of businesses exhibiting, trading or attendlng the show. This year. our Members PaviliDn h05ted the Royal 151e of Widht Agricultural Soclety's Isle ol Wight Rural Awards, which was sponsored by the CLA. The awards rocognise thoso individuals and businesses who repiesent the very best of rural achievement on the Isle of Wight. The categories IRural Busine55 of the Year, Rural Young Person of the Year, Wight Marque Food Business of the Year, Small Countryside Business of the Year, and Countryside Business of the Yearl all had excellent entrants this year, Alongside the important role the County Show plays to support the rural economy, surpluses frofn the show are used to fvnd the Rural Careers Fund, to help young people to develop thelr careers and role on the151and. In line with the County Show, the Society's Education Day took plaLe on 23rd Mav, and hosted over 400 primary school children from 16 schools. The Education Day 15 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 inforMave way. The levels of excitefflent, interest and sheeT enjtsyment are compelllng and 8reat thanks go to 311 the Area Leads who once again gave (Jp so much of their knme to allow the Education Oay to take place. Pa8e 3
ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY REPORT OFTHETRUSTEES FOR THEYEAR ENDED 30 SEPTEMBER 2023 Fihancial revlew The inconie lor the County Show Limited was up on the previou5 year at £136,60412022- £132,697). Expenditure in total was a150 UP this year at £108,68912022 £97,202). TFie result of this led to a prolit for the yeai of £27,9J5 12022 £35,495). A51 profits of the subsidiary are donated to the parent charitv. The Charity's income for the year was £58,41612022 - £80,005) and expenditure was £34,20112022 - £39,762). The Cliarity reported a total Surplus for the year of £24,21512022 surplu5 of £40,243). The overall consolldated surplus for the year was £24,21512022 £42,359). Reserves policy As part of the Executive Committee's financial best practice approach, a Reserve Policywas Introduced in 2018. The policy is to retain cash reserves equivalent to half the c05t of the next County Show and to cover the notice period13 month51 of the office contrart. The Society currently adheres to its Reserve Pollcv. STRUCTURE, GOVERNANCE ANO MANAGEMENT GoverninK document The Charity was founded iri 1894 3nd is governed by its trust deed dated 11 January 2006. Recruitment alld appointment of new trustees The officers of the Charity are elected pach year by thè members at the Annual General Meetin8. The Executive Managernent Committee is elected for a period of three years. One third of the Executive Management Committee will fetirè each year by rolation and the positions filled by election at the Annual General Meeting. Organlsauonal structure The Charity has a wholly owned non-charitable subsidiary Ilsle of Wight County Show Limitedl which undertakes the management and trade of the annua1 County Show. The performance of this is included in the Tesults for the year. It is the performance of the County Show which financlally undeTplns the ability of the Charity to tarry out its objectives. Rlsk management The Executive Committeo manages risk and Risk Assessments have been carried out where 3ppropriate with regard to the activities in which it is engaged. Specific attention ha5 been givp.n to the activities involved in the staging of the County Show 3nd an Event Safety Plan r5 in place and 15 SUPPOrted by specific Risk A55essrrents. Page 4
ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 REFERENCE ANO AOMINISTRATIVE DETAILS Reglstered Charity number 249519 Principal address Shide Meadows Centre Shide Road Newport Isle of Wight P030 IHR Trustees Mr% C Betlèy Mr G Biss MT R M Brown MrsRA Edwards Mrs l Griffin Mr D M Grove5 Mrs S F Groves Mr D Horne Mr l Heather Mrs G Kenneit Mr D J S Russell Independent Examinèr Bright Brown Llmited Chartered Accountant5 Exchange House St. Cross Lane Newport sle of Wight P030 58Z Approved by order of the boaid of trustees on and signed on its behalf by.. Mrs R A Edwards - Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TOTHETRUSTEESOF ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY Independent examiner's report to the trustee5 01 Royal Isle of Wlght Agricultural Soclety I report to the charity trustpes on my examination of the acLotJnts of Royal Isle of Wight Agricultural Society (the Trust) for the ye3r ended 30 September 2023. Re5ponslbllitie5 and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accijunts in accordance with the requlrements of the Charities Act 20111'the Act'l. I report in respect of my ex3mination of the Trust's accounts carried out under Scction 145 of the Act and in carrying out My examinaknon I have followed all applicable Directions given by the Charity Commission under Section 14515llbl ol tho Act. Independent ex8mlner's statement I havo 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 kepl in respect of the Trust as requlred by Soction 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirenients concernTrng the form and content of accounts set out in the Chariknes IAccount5 and Reports1 Regulations 21h18 other than any requirement that the accounts give a true and fair view which is not a rnatter tonsidered as parl of an independent examination, I have no concern5 and have come acr05s no other matters in conneclion with the examination to which attention should be drawn In this report in order to enable a proper understandin8 of the account5 to be reached. J Palmer FCCA Bright 8rown Limited Chartered Accountants Exchange. House St. Cr055 Lane Newport 51e of Wight P030 582 Date.. Page 6
ThE ROYAL ISLE OF WIGHT AGRICULTURALSOCIEfY CON50IIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEM8Efl 2023 Royal Isle of Wight Agricultural Society IW County Show Ltd 2023 Total funds 2022 Total fund5 Unrestricted funds Restricted UF>re5trirted fund5 fund5 Notes INCOME FROM OonatlDns irid lewies Charltable attivitie5 Income frorn charitable activities ,785 15,785 29,088 3,200 L.500 4,71K) 3.500 Other trading activltles Investment income 9.309 107 136,604 145.913 707 146.733 Total Income 29,1 1,500 136,604 167,105 179,321 EXPENDITiIRE ON Raising funds Charltable actlvltle5 General 19,835 333 106,718 126,886 114,705 9,267 4,766 1,971 16,004 22,257 Total expenditwe 5.099 108.689 142,890 136,962 NET INCOMINGIIOUTGOINGI RESOURCES iioii 13,5991 27,915 24.215 42,359 Transfer betweén funds 16 27,915 127,9151 Net movement in fund5 27,814 13.5991 24,215 42,359 RECONCILIATION OF FUNDS Total fvnds brought forwa¥d 101,699 4,482 4,46S 110,646 68.287 TOTAL FUND5 CARRIED FORWARD 129.513 883 4,465 134.861 110,646 CONTINiIING OPERATSONS All incomp and eXndIture has irisen Ircm tontlnulng actlvities. The notrsform part of the5efinMd3151ètEments Page 7
THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY CONSOLIOATED BALANCE SHEET AT 30 sf PTEMBER 2021 Unrestricted Funds Restrltted Funds 2023 Total funds 2022 Total funds Notes FIXED ASSErs Tanglhle assets io 34,854 34,854 35,319 34.854 34,854 35,319 CURRENT ASSEYS Debturs Cash at bank and In hand 13 5,647 97.304 5.647 98,187 9,608 71,605 883 102,951 883 103.834 81.213 CREDITORS Amounts fallin8 due within one year 14 13,8271 13.8271 15,8861 NET CURRENT ASSETS 99,124 883 I(KI.007 75,327 TOTALASSETS LESS CURRENT LIABILITIES 133.978 883 134,861 110,646 NET ASSETS 133,918 S83 134,861 110.646 FUNDS Unrestricted funds Restricted funds 15 133,978 883 106,164 4,482 TofAL FUNDS 134.861 110,646 The fin3ncial slatemeots were approvÈd by the B02rd of Trustees on behalf by- and were signed on its Mrs R A Edward5- frustee notes larm partol the5E sts*rnynts P3ge 8
THE ROYAL ISLE OF WIGHT AGfiicuLTIJRAL SOCIETY PARENT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 5EPTEM6ER 2023 2023 Tota funds 2022 lotal funds Unrestricted tunds RpRtrlctpd funds Notes INCOME FROM Oonation5 and legacles Charltable Bdlvltles Income from charitable artiwties 43,700 43,700 62,469 3,200 1,500 4,7 3,500 Other tradlne activitie5 OthÈr income Investment Income 9,309 9,309 14,036 707 707 Total Income S6.916 1,SOD 58.416 80.W5 EXPENDITURE ON Raising funds Charitable 8Ctlvities General l9,835 333 20,168 18,213 9,267 4,766 14,033 21,549 Total expettditurè 29.102 5,099 34,201 39,762 NET INCOMINGIIOUTGOINGI RESOiJRCES 27,814 13.5991 24,215 40,243 Transfer beknveen funds 16 et movement In funds 27.814 135991 24.215 40,243 RECONCILIATION OF FUNDS Total funds brought forbvard 101,699 4,482 106,181 65,938 TOYAL FUNDS CARRIED FORWARD 129,51.3 883 130.396 106,181 CONTINUING OPERATIONS All income and expenditufe ha5 afiSen from continuing activities. The forrn theSenaal5tate[llEts Page 9
THE ROYAL ISLE OF WIGHT AGRICULTUIIALSOCIETY PARENT BALANCE SHEE[ AY 30 SEPTEMBER 2023 Unrestrcted Fund5 Restricted Funds 2023 Total funds 2022 Total funds Notes FIXED ASSETS Tangible assets Investtnents io li 34.854 loo 34,854 100 35,319 34.954 35,419 CURRENT ASSÉTS Debtor5 Cash al bank and in hand 13 985 96,047 985 96,930 59,772 14,649 883 97,032 883 97.915 74,421 CREDITORS Afnounts falling due within one year 14 12,4731 12,4731 13.6591 NET CURRENT A55Ers 883 95,442 70,762 TOTAL ASSETS LESS CURRENT LIABILITIES 129.513 883 130,396 106.181 NET ASSETS 129,513 130,396 106,181 FUNDS Unrestrcted funds ReStrtted funds 15 L29,513 883 101,699 4,482 FOTAL Fu05 130.396 106,181 The financlal statements were approved by the Board of Trusiee5 on behalf by.. 7lILI2OZS gnd were signed on Its Mrs R A Edwards- Trustee The tS farm part of thestnnaniN statements Pè8e 10
TME ROYAL ISIEOF WIGHT AGRICULTURAL SOCIETY NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 I ACCOUNTING POLICIES Basis of preparlnglhe flnanclal statements The Ilnanc131 statements Jl the charity. whlch 1$ 3 public benefit entity under FRS 102, have been prepared In accordance w?th the charities SORP IFRS 1021 'AccountinE and Rpportln8 by Chèrities.. Statcment of RÈcommended Practice applicable to charlieS preparing their ac£ounts in accordance with the Financial Reporting Standard 8pplic3ble In the UK and Republic Df Ireland IFRS 1021 leffective l January 20151,, Financial Reporting Stdndard 102 'Tho Flnancial Re.pnrting Standar(J applicablÈ in the UK and Republic ol Ireland, and the Coynpanies Act 2006. The financlal statement.fj have been prepared under the historical c05t tonvention wlth the excpplion of Investments which are nCluded at Market value. as modified by the revaluation of certan assets. Intome All incorne Ss recognised in the Statement ol Financial Activitles On the charity has entitlernent to the funds, it is protiable thÈt the incorne will be rEceived and the amount can be measured ieliably. Expendlture LiabilitlÈS are recognised a5 expenditure os soan as there is a le8èl Or £onstructive obligation comrnittlng the charity to that oxpendilure, it is probable that a transfer of economic beneflts will be rp.quired in settlement 3nd the 8inount of thÈ obligation Ca be measured reliably. Expendlture is accountÈd for on 3n accrua15 basis and ha5 been classified under headings that aggfÈ£ate all cost related to the category. Where costs cannot be directly attributed to particulBr heading5 they have been allocated to aCtiVtiÈS on a basIS tonsistent with the use of re5DurcÈs. Grants offered subject to condltions whlch have not been met at the year end date are noted as tertt but not accnjed as expenditure. Allocation and apportionment of costs Support costs are c05t5 related to providing direct support to the chkrity. Governaiice co5t5 are independÈnt examiner5 feps and trustee meeting and Insuran. Any such costs Incurr during the ypar ihat are not directly attriljutable to the chariiable activitles of the orgoni53tion are allocated on the proportsoD of total direct Costs reoulred to support each artlvity. Tangible fixed assets Depreciation is provided at the followlng aTrnu31 rates in order to wrire off each h55et over its estimated Show Ground Bulldings Show equipment Office equipmpnt variDU5 - IO% or 25% on cost IO% on c05t Taxation The r.harlty is exempt from corporatlon tax on its charitable activtties. Pagpll
THE ROYAL ISLE OF WIGHT AGRICULTLIRALSOCIErY NOTES TO THE FINANCIALSTATEMENTS- CONTINVED FOR THEYf AR ENDED 30 SEPTEMBER 2023 I ACCOUNTING POLICIES- contlnued Fund accounting Unrestricte(I funds can be used in accordan£e with the charitable objectives at the discretion of the trustees. Restricted funds c6n only be used for particular restricted Pufposes wlthin the objects of the chèrltv. Restrirtlons 8ri5e when specilled bythe donor or when funds are raised foi particular restricted purposÈs. Further explanation of the nature HrKd purpose of each fund Is Included In the note5 to the linandal 5t3tements. Basis of consolidarion The accounts of the group cansolidate the resuhs ol the charity and its subsidiary Undertaki8, Isle ol Wight CDunty Shuw Limited which are fflade up to 30 September. The accounts 8rÈ consolid8ted on a line by line basls. Z. NATIO445 AND LEGACIES Group 2023 Paieryt 2023 Group 2022 Parpnt 2022 Donation5 subscriptions Gllt èld rebates Grant5 Donated from County Show 500 12,909 2.376 500 12,909 2,376 605 14,130 2,630 11,723 605 14.130 2,630 11,723 33,381 27,915 15,785 43.7(K) 29,088 62,469 3. OYHEA TRADING ACTlVtTIES Group 2023 Parenl 2023 Group 2022 Parent 2022 Hire of show equipment and ground Ghte entry fees Trade Spa 5pon50rship Programme Sales Entry fees Wightlink catnmission Miscellaneous income Lunche5 9.309 75,999 20,544 23,250 3,220 906 3,877 5.977 2.1 9,309 14,036 72,867 14,968 29,130 14,036 3,623 3,966 5,180 2,963 145,913 9,309 146,733 14,036 4. INCOME FROM CHARITABLE AcnvinE5 Group 2023 Parpnt la23 Group 2022 Parent 2022 ActTvity General ienerol Wight Marque iniome Edu Cdav 4,2(K) 500 4,2CMI 500 3,5C(I 3,500 4.700 4,7QD 3.5(KJ 3.50LI Page 12
THE ROYAL ISLE OF WIGHT AGRICLILTURALSOCIETY NOTES TO THE FINANCIAL STATEMENT5- CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2023 RAISING FUNDS Grotsp 2023 P¥rent 2023 Group 2022 PareTrt 2022 General ground expenses Postage and telephone Office servicps DeprÈc13tlo Event5 Bnd marketlnB Trading activlties.. laWCS 4.288 69 14,580 465 766 106,718 4.288 69 14,580 465 766 3,037 329 13,688 3,037 329 13,688 465 694 694 96.492 126,886 20,168 114,705 18.213 CHARITABLEAcfiviTIES COSTS Group 2023 Parent 2023 Group 2022 Parent 2022 Grant5 Educ3tion dav Members lunches WIEM M3rque expenses Accountancv AccDuntancy under/loverlpro5i0n Legal and professional Trustee insurance 3,720 1,400 3,720 J,4 4,409 1,000 972 24 12,081 1,104 S,318 12,081 1,104 5,318 1,668 24 2,034 1,326 738 1,086 614 70 738 1,086 614 70 443 986 291 443 986 291 AGM Èxpenses Sundryexpen$es 16,004 14,033 22,257 21,549 TRUSTEES, REMUNERATION ANO BENEFITS There were nd trustci's, rcmuneration or othEr benefits for the year ended 30September 2023 nor for thÈ year ended 30 5epternber 2022. Trvstee5' expenses There werp. no trugtÈÈs' expenses paid for the year endÈé 30 Septembpr 2023 llOT for the year ended 30 September 2022. STAFF COSTS The charlty and its subsidiary pald no Èmployees during 2022 and 2023. Pagé 13
THE ROYAL ISiE OF WIGHT AGRICULTURAL SOCIETY NOTES TO THE FINANCIAL StAIEMENTS- CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2023 COMPARAnVES FOR ThE STATEMENT OF FINANCIALAcrivlES IGROUPI Unre5trlrted funds Restricted funds Total funds INCOME FROM Donations and legades Charitable actlvlties Income frotn clièritable actlvities Other trading activities Other incorne Total income 35,578 3,510 29.088 3,500 146,733 3,5(Jl 146,733 175,811 3.510 179,321 EXPENOITURE ON Rai5Ine funds Charitable activitles GÉncral 114,372 333 114,705 20,917 1,340 22.257 Total expenditure 135,289 1,673 136,962 NET INCOMINGIIOUTGOINGI RESOURCE5 Transfers betweon funds 40,522 1,837 42,359 Net movement in lund5 40,522 1.837 42,359 RECONCILIATION OF FUNDS Total funds brought fotward 65,642 2,645 68,287 TOTAI FUNDS CARRIÉD FORWARO 106 164 110 646 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACtIVITlfS CONTINUED IPARENn Restricted funds Unrestricted funds Total lunds INCOME FROM Donations and le.g3cies Charitable aCtItIeS Income froTTr Iharitrdble activities Other trading 3ctlvities 58,959 3,510 62,469 3.500 14,036 3.500 14,036 Tot31 intome 76,495 3,510 80,005 EXPENDITURE ON Raisingfunds Chlrltable ?ctl¥iiles General 17,880 333 18,213 1,340 21.549 Ytstal expendbturÈ 38,089 1,673 39,762 NET INCOMINGIIOUTGOINGI RESOURCES Transfers between funds 38,406 1,837 40,243 Net movemetrt In funds 38,406 1.837 40.243 AECONCILIATION OF FUNDS Tatal funds brought forward TOTAL FUNDS CARRIED FORWARO 63,293 2,645 65,938 101699 Ioli ISI Page 14
THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY NOTES TO THE FINANCIAL STAWEMENTS- CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2023 10. TANGIBLE FIXED ASSETS IPAREMt AND GRoupI Show Ground & buildings Show equipment Office equiprnent Total COST At l October 2022 Additions 38,178 61,087 7.594 106,859 At 30 Septefnber 2023 38,178 61,087 7,S94 106,8£9 DEPRECIATION At l October ?022 Charge for year 2.859 465 61,087 7,594 71,540 465 At 30 5epternbEr 2023 3,324 61,087 7,594 72,(K15 NET BOOK VALLIE Ar 30 September 2023 34,854 34,854 At 30 September 2022 35,319 35,319 11. FIXED ASSET INVEsfMENTS (PARENT ONLYI Sharos in group undertakings Listed investments TDta MARKET VALUE At l October 2022 IINJ At 30 September 2023 loo ICM) NET 8OOXVALUE At 30 Septemhpr 2023 Itm) i(HJ At 30September 2022 11)0 loo ThÈre were n(b investment 855ets outside the UK. The Pdrent'5 investments ot the balance sheet d8te in the share c3Pltal ol companies include the following.. Isle ol Wight County Show Ltd Nature of busine5s'. Catnmercial events RÈgistered office. Shide Meadow Cpntre, Shide Roèd. Newpoit, Isle of Wight, P030 IHR 2023 Class of share-. Ordinary holdinE ICM) 2022 Aggregate capltal and reserves Profivlltrssl for the year 4,563 27,915 4,563 35,497 Page 15
THE ROYAL ISLE OF WIGHT AGRICIJITURALSOCIFTY NOTES YO THE FINANCIAL STATEMENT5- CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2023 12. TRADING RE5ULT5 OF SiIBSIDIARIES IOW County Show Ltd 2023 2022 Income Gate Trade space Sponsorship Programme sales Entry fees Wightlink ticket5 Miscellaneou5 Income LnCheS 75.999 20,544 23,250 3,2)0 906 3,877 5,977 ?.,831 72,867 29,15 3,623 3,966 5,180 2,963 136,604 132,697 C05t tsf salÈs Judge5 dasses and comps Hire of equipFDpnt Rent and rates In5urancÈ Print and st8tronery markp.ting website Health ènd Safety Security costs Traffic m8nègement Licences Volunteercost5 Equipment Office costs Travellin8 Intertalnment Household Cavalry costs Ground preparatio 3,813 36,052 1,325 2,344 2,976 8,763 1,949 1,413 1.920 433 1,750 1,429 20,575 750 9.993 3.401 29,079 1.?.50 2.888 2,520 8,8 1,949 1.126 1,920 278 1,845 527 20,995 12,169 5,160 2,891 100,645 91,737 GR055 PROFir 35,959 40.960 Admln ExpeThdlture Svndiy Expenses Accountsnty ank charges Bad debts S.995 696 78 1,275 4,722 708 33 8,044 5.463 NEf PROFIT 27,915 35,497 Page 16
THE ROVAL ISLE OF WIGHT AGAICULTVRALSOCIETY NOTES TO THE FIMANCIAL STATEMENT5- CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2013 13. DE8TORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2023 2022 2022 Group Parent Group Plrent Amounts owed by group undertaknngs Trade debtor5 Other debtors 59,179 3,172 2,475 7,168 2,440 985 593 5,647 985 9,608 59,772 14. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2023 2022 2022 Group Parent Group Parent Amounts owed bygroup unclertakings Trade treditors Other credltors 760 741 972 741 3,086 2,711 3.175 2,711 g48 3,827 2,473 5,886 3,659 Page 17
THE ROYAL ISLE OF WIGHY AGRICUITIJRALSOCIETY NOTES TOTHE FINANCIAL 5TATEMENTS- CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2023 15. MOVEMENT IN FUNDS Net movement n funds Transfers bptwee fund5 At I.10,22 At 30.09.23 Unrestricted company furhds General fund Uxrestricted subsldiary funds OW Courrty Show Limited general fvjnd 101.699 iioii 27,915 129,513 4,465 27,915 127.9151 4,465 106,164 2?.814 133,978 Restricted furtds Leader erant Wight Aid Rural Careers Fund 671 212 212 13,4781 4,478 4,482 13,5991 883 TOTAL GROUP FUND5 110,646 24,215 134.861 TOTAL PARENT FUNDS 106,181 24,215 130,396 NÈt movement In funds, included in the above are a5 follow5.. IncoMnE resources Resources expended Galns arTrd 105ses Movernent in funds Unrestricted company funds Generèl fund Unre5tricte0 5ubsldlary funds IOW County Show Limited general fijnd 29,001 129,1021 iioii 136,604 1108,6891 27,915 165,605 lJ37,?911 27,814 Restritted fund5 Leader grant Bursary donation Wight Aid CLA Charttable Trust Rural Career5 Fund 13331 13331 500 i.IK)O 12881 212 13,4781 13,4781 1,500 15.0991 13,5991 TOTAL GROUP FUND5 167,105 1142.8901 24.215 TOTAL PARENT FUNDS 58,416 134,2011 24,215 Page 18
THE ROYAL tSLE OF WIGHT AGRICUITURAL SOCIETY NOTES TO THE FINANCIAL 5TATEMENTS- CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2023 15. MOVEMENT IN FUNDS. tontlnued Comparatives for movement in fufids Net movement In funds Transfers betwpen funds At I.10.2L At 30.U9.22 Unrestrlcted companyfunds General fund Unre5trirted 5ub5idiaryfvnds IOW County ShDw Limited gèneral fun 63.293 5,025 33,381 101,699 2,349 35,497 133,3811 4,465 6S,642 40.522 106,164 Restricted lunds LèadÈr erant Wight Aid Rural Laree¢s Fund 1,337 350 958 13331 13501 2,520 I,OQ4 3,478 2.645 1.837 4.482 TOTALGROUP FUNOS 68.287 42,359 110,646 roTAL PARENT FUNDS 65,938 40,243 J.06.181 Comparallve net movement Infunds, included in the above are as lollow5.' Incoming resour5 Resources expÈnded Gain4 and losses move.ment in funds Unrestrlcted tompanylunds GenÈrèl fund ilnrestrlcted Subsidiary fvThds IOW County Show Limited general fund 43,114 138.0891 5,025 132,697 197,21K)I 35.497 175,811 1135,2891 4D,522 Restrlcted funds Leader grant Wlght Aid Rural CBrBer5 FuDd 13331 13501 1990 3.510 2,520 a, Jrio 11,6731 1,837 TOTALGROUP FUNDS 179,321 1136,9621 42,359 TOTAL PARENT FUNDS 80,005 139,1621 40.243 P3ge 19
THE ROYALISLE OF WIGHT AGRICUITURAL SOCI NOTES TO THE FINANCIAL STATEMENTS- CONTINUEO FOR TFIE YEAR ENDE D 30 SEPTEMBER 2023 15. MOVEMENT IN FUNDS- continued Acurreni year 12 months and prior year 12 months combined p05Ition is as follows.. Net rnovement in funds Transfers between funds At 1.10.21 At 30.09.23 Llnre5trlcled compan¥fvnd5 tseneral ftEnd Unrestricted 5ubsidiar¥ funds IOW County Show Lifflited general fund 63,293 4,924 61.296 129.513 63.412 161,2961 4,465 65,642 68,336 133,978 Restricted fTrds Leader grant Wi8ht Aid CLA Charitable Trust Rural Career5 1.und 1,337 350 16661 11381 671 212 958 19581 2.645 11,7621 883 TOTALGROUP FUNDS 68,287 66,574 134.861 TOTAL COMPANY FUNOS 65,938 64,458 130.396 A currp.nt year 12 rnonth5 and prioryeaT 12 months cotnbined net tnovernenl in hJnd5. iniluded In the above are as follows.. Incomin8 resource5 Resources expended Galns and losses MovEmÈnt in funds Unrestrirted wmparyfund$ General fund Unrestricted subsidiary fund5 IOW County Show Llmited general fund 72,115 167,1911 4.924 269.301 1205,8891 63,412 341,416 1273,0801 68.336 Restrlcted fund5 Leader8rant Wight Aid CLA Charitable Trust Rural Careers Fund 16661 16381 11,0001 14,4681 16661 11381 500 3,510 19581 5,010 16,7721 11,76?.) TOTAL GROUP FUNDS 346,426 1?.7q,8521 66,574 TOTAL COMPANY FUND5 138,421 173.9631 64,458 Pa8E 20
THE ROYAL ISLE OF WIGHT AGRICUITURAL SOCIETY NOTES YO THE FINANCIAL sfATEMENTS- CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2023 16. MOVEMENf IN FUNt)S- continued Unrestrlcted funds The charity s eeneral funds conslst of funds whlch the trustÈes are free to use in ac¢ordante wSth the tharltable objects. Restrlcted funds Leddor Grat - the represents a grant èwardÈd help fund Improvemènts to the County Showground and the creatlon of Tnarketlng Inaterial of the Society. Wlght Aid - th15 represents a Srant rKeived to stspport travel c05t5 incurred by Schools atteTrdng the Society's Education DBY. CLA charitable Trn5t this represents 3 grant receivÈd to Support costs incurred in respect of the Society's Educatlon Day. Rural Career5 Fund- this replaced the burs8ry donation fund and Tepre5ents donations provided by thlrd pèrtles to supporr the 8ward of schtslar5hips and bur5arle5 tjnder the Rural Cdreer5 Fund. Transfers between funds The fund transfers showing in the accounts are standard consolidation transactions required to correct the group position al the year end. Page 21