REGISTERED CHARITY NUMBER: 249519
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
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 2025
| 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 | 20 |
ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. 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 was again a great success building on the achievements of previous years.
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 tenth 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.
ACHIEVEMENTS AND PERFORMANCE
Principle activities for the year
Both the Royal Isle of Wight County Show and the annual Education Day were held 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 Marque
-
Strategy
Page 1
ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
FINANCIAL REVIEW
Review of performance for the year
The Royal Isle of Wight County Show 2025 took place on Saturday 12th and Sunday 13th July, during what turned out to be an extremely hot weekend. With the sun shining brightly over the showground, visitors turned out to enjoy two days packed with tradition, entertainment, and community spirit.
Marking its 124th year, the Show proudly upheld its Royal status and County title, continuing to celebrate the Island's rich rural heritage. At its core remained the time-honoured features of livestock, agricultural machinery, and equine displays, all made even more memorable under clear blue skies and soaring summer temperatures.
A particularly special moment this year was the official opening of our new livestock barn, a major milestone for the Society. The honour was carried out by the High Sheriff, accompanied by members of the Island's Indonesian community, who wowed the crowds in stunning traditional costumes and led a spectacular gilded bull through the showground. It was a vibrant and symbolic moment that celebrated cultural diversity alongside rural heritage.
This barn will also serve as the location for a Livestock Collection Centre, and the Island's Gilten Market which is held each December under the patronage of the High Sheriff. The move aims to provide the event with a permanent, purpose-built venue at the heart of the Showground.
Throughout the weekend, the new barn was a hive of activity - filled with local farmers and a wide range of sheep, cattle and goats. The care and dedication shown by Island farmers to their animals was truly commendable and something the community can be proud of.
Building on the success of previous years, entertainment was once again thoughtfully spread across the showground. The Dog and Sheep Show delighted audiences in the Canine Area, while Harvey the logging horse demonstrated traditional forestry skills in the Woodland Area. A returning favourite, The Sheep Show, proved incredibly popular with visitors for its mix of education and humour.
There was never a dull moment, with all the senses fully engaged throughout the weekend. From the thrill of the Shetland Grand National to the charming choreography of the Dog and Sheep Show, every corner of the showground buzzed with activity. Visitors were immersed in the sounds of animals and tractors, the fresh scent of country air, the tactile experience of meeting farm animals up close - and, of course, the delicious tastes of local food and drink.
The Visit Isle of Wight Tourism Marquee showcased the breadth of activities and attractions the Island has to offer. Nearby, the Island Arts and Makers Market marquees burst with colour, creativity, and craftsmanship, highlighting the incredible talent of local artists and makers.
Page 2
ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
The Food Pavilion was a feast for the senses, filled with enticing aromas and mouthwatering flavours. This popular hub not only satisfied appetites but also championed local businesses, with a spotlight on Wight Marque products - made, grown, or manufactured right here on the Island.
A standout moment of the weekend was the Grand Parade on Sunday, drawing crowds who watched with pride as owners collected their rosettes, and trophies. It was a powerful reminder of the strong sense of community that defines the Island's rural life.
The County Show is, above all, a celebration of the Isle of Wight's rural heritage and a chance to bring people together. We continue to emphasise family-friendly values, with under 16’s attending for free. A notable favourite this year was the rodeo bull hosted by the Isle of Wight Young Farmers Club, which proved a big hit with both children and adults.
The Members Pavilion was once again home to the Royal Isle of Wight Agricultural Society's Rural Awards, generously sponsored by the CLA. These awards honour individuals and businesses that represent the best of rural achievement on the Island. The Rural Business of the Year was Sweet Honey Studio.
The other 2025 winners were: Wight Marque Food & Drink Business - Godshill Orchards, Rural Tourism Business - The Isle of Wight Fudge Company, Countryside Small Business - Compton Farm, Countryside Business - NFU Mutual Isle of Wight, Rural Arts and Craft Business - Sweet Honey Studio, Rural Young Person of the Year - Ralph Rickard, School Participation Awards - Greenmount Primary School, and St Georges School
Page 3
ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
Alongside the important role the County Show plays to support the rural economy, surpluses from the show goes to the Rural Careers Fund, which helps young people to develop their careers and role on the Island.
In line with the County Show, the Society's Education Day was once again a fantastic success. Held on 20th May, the event welcomed over 300 pupils from 11 Island schools, all of whom brought energy, curiosity, and excitement to the showground.
The Education Day is always a highlight of the calendar, offering children the chance to engage with all aspects of the County Show in a fun, hands-on, and informative way. A huge thank you goes to all the amazing volunteers who made the day so special, and to Wight Aid for their generous support in enabling schools to travel to the showground.
This year, we were especially thrilled to host the event in our brand-new building - a perfect setting to inspire the next generation.
Following the success of this initiative, we continue to celebrate and encourage school participation through the IW Rural Award, recognising those who contribute meaningfully to the educational section of the County Show.
Financial review
The income for the County Show Limited was down on the previous year at £150,301 (2024 - £175,954). Expenditure in total was also down this year at £99,320 (2024 - £110,590). The result of this led to a profit for the year of £50,981 (2024 - £65,364). All profits of the subsidiary are donated to the parent charity.
The Charity's income for the year (disregarding the County Show) was £59,658 (2024 - £116,049) and expenditure was £71,697 (2024 - £41,283). The Charity reported a total deficit for the year of £12,039 (2024 - surplus of £74,766).
The overall consolidated surplus for the year was £38,942 (2024 - £140,130).
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.
Page 4
ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
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
Principal address
Shide Meadows Centre Shide Road Newport Isle of Wight PO30 1HR
Trustees
Mrs C M Betley Mr G R Biss Mr R M Brown Mrs R A Edwards Mr D M Groves Mrs S F Groves Mr D Horne Mr J Heather Mrs G E 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 2025.
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 ACA 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 2025
| Royal Isle of Wight Agricultural Society Unrestricted Restricted funds funds Notes £ £ INCOME FROM Donations and legacies 2 16,505 33,000 Charitable activities 4 Income from charitable activities - 500 Other trading activities 3 8,367 - Other income - - Investment income 1,286 - Total income 26,158 33,500 EXPENDITURE ON Raising funds 5 52,439 333 Charitable activities 6 General 18,425 500 Total expenditure 70,864 833 NET INCOMING/(OUTGOING) RESOURCES (44,706) 32,667 Transfer between funds 16 134,266 (83,285) Net movement in funds 89,560 (50,618) RECONCILIATION OF FUNDS Total funds brought forward 219,903 50,623 TOTAL FUNDS CARRIED FORWARD 309,463 5 |
IW County Show Ltd Unrestricted funds £ - - 150,301 - - 150,301 98,498 822 99,320 50,981 (50,981) - 4,465 4,465 |
2025 Total funds £ 49,505 500 158,668 - 1,286 209,959 151,270 19,747 171,017 38,942 - 38,942 274,991 313,933 |
2024 Total funds £ 100,967 2,198 186,829 292 1,717 |
|---|---|---|---|
| 292,003 135,307 16,566 |
|||
| 151,873 | |||
| 140,130 - |
|||
| 140,130 134,861 |
|||
| 274,991 |
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 FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 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 £ 254,426 254,426 8,868 56,440 65,308 (5,806) 59,502 313,928 313,928 |
Restricted Funds £ - - - 5 5 - 5 5 5 |
2025 Total funds £ 254,426 254,426 8,868 56,445 65,313 (5,806) 59,507 313,933 313,933 313,928 5 313,933 |
2024 Total funds £ 69,104 |
|---|---|---|---|---|
| 69,104 6,932 204,771 |
||||
| 211,703 (5,816) |
||||
| 205,887 | ||||
| 274,991 | ||||
| 274,991 | ||||
| 224,368 50,623 |
||||
| 274,991 |
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 2025
| Notes INCOME FROM Donations and legacies 2 Charitable activities 4 Income from charitable activities Other trading activities 3 Other income Investment 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 £ 67,488 - 8,367 - 1,286 77,141 52,439 18,425 70,864 6,277 83,285 89,562 219,903 309,465 |
Restricted funds £ 33,000 500 - - - 33,500 333 500 833 32,667 (83,285) (50,618) 50,623 5 |
2025 Total funds £ 100,488 500 8,367 - 1,286 110,641 52,772 18,925 71,697 38,944 - 38,944 270,526 309,470 |
2024 Total funds £ 166,331 2,198 10,875 292 1,717 |
|---|---|---|---|---|
| 181,413 28,121 13,162 |
||||
| 41,283 | ||||
| 140,130 - |
||||
| 140,130 130,396 |
||||
| 270,526 |
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 FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Notes FIXED ASSETS Tangible assets 10 Investments 11 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 £ 254,426 100 |
Restricted Funds £ - - |
2025 Total funds £ 254,426 100 254,526 7,462 52,432 59,894 (4,950) 54,944 309,470 309,470 309,465 5 309,470 |
2024 Total funds £ 69,104 100 |
|---|---|---|---|---|
| 254,526 7,462 52,427 |
- - 5 |
69,204 4,170 201,031 |
||
| 59,889 (4,950) |
5 - |
205,201 (3,879) |
||
| 54,939 | 5 | 201,322 | ||
| 309,465 | 5 | 270,526 | ||
| 309,465 | 5 | 270,526 | ||
| 219,903 50,623 |
||||
| 270,526 |
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 2025
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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
Page 11
THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025
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
| DONATIONS AND LEGACIES | |
|---|---|
| Donations Subscriptions Gift aid rebates Grants Donated from County Show OTHER TRADING ACTIVITIES Hire of show equipment and ground Gate entry fees Trade space Sponsorship Programme sales Entry fees Wightlink commission Miscellaneous income Lunches |
Group Parent Group Parent 2025 2025 2024 2024 £ £ £ £ 500 500 180 180 13,448 13,448 13,261 13,261 2,557 2,557 2,526 2,526 33,000 33,000 85,000 85,000 - 50,983 - 65,364 |
| 49,505 100,488 100,967 166,331 |
|
| Group Parent Group Parent 2025 2025 2024 2024 £ £ £ £ 8,367 8,367 10,875 10,875 83,721 - 111,313 - 24,614 - 21,920 - 21,430 - 20,866 - 2,000 - 3,216 - 5,125 - 4,539 - 2,924 - 3,329 - 7,418 - 6,456 - 3,069 - 4,315 - |
|
| 158,668 8,367 186,829 10,875 |
3. OTHER TRADING ACTIVITIES
4. INCOME FROM CHARITABLE ACTIVITIES
| INCOME FROM CHARITABLE ACTIVITIES | |
|---|---|
| Activity Wight Marque income General Education day General |
Group Parent Group Parent 2025 2025 2024 2024 £ £ £ £ - - 2,198 2,198 500 500 - - |
| 500 500 2,198 2,198 |
Page 12
THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. RAISING FUNDS
| RAISING FUNDS General ground expenses Postage and telephone Office services Depreciation Events and marketing Trading activities: IOWCS |
Group Parent Group Parent 2025 2025 2024 2024 £ £ £ £ 7,685 7,685 4,623 4,623 67 67 - - 32,546 32,546 20,442 20,442 9,653 9,653 465 465 2,821 2,821 2,591 2,591 98,498 - 107,186 - |
| 151,270 52,772 135,307 28,121 |
6. CHARITABLE ACTIVITIES COSTS
| Grants Education day Members lunches Wight Marque expenses Accountancy Accountancy under/(over)provision Legal and professional Trustee insurance AGM expenses Bad debts Sundry expenses Bank charges |
Group Parent Group Parent 2025 2025 2024 2024 £ £ £ £ 3,500 3,500 1,000 1,000 500 500 2,690 2,690 4,332 4,332 5,448 5,448 5,372 5,372 - - 2,058 1,236 1,902 1,068 48 48 96 96 1,287 1,287 918 918 1,086 1,086 1,087 1,087 1,000 1,000 719 719 - - 2,570 - 398 398 35 35 166 166 101 101 |
|---|---|
| 19,747 18,925 16,566 13,162 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.
8. STAFF COSTS
The charity and its subsidiary paid no employees during 2024 and 2025.
Page 13
THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025
9a. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (GROUP)
| INCOME FROM Donations and legacies Charitable activities Income from charitable activities Other trading activities Other income Investment income Total income EXPENDITURE ON Raising funds Charitable activities General Total expenditure NET INCOMING/(OUTGOING) RESOURCES Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 15,967 2,198 186,829 292 1,717 |
Restricted funds £ 85,000 - - - - |
Total funds £ 100,967 2,198 186,829 292 1,717 |
|---|---|---|---|
| 207,003 134,974 16,354 |
85,000 333 212 |
292,003 135,307 16,566 |
|
| 151,328 | 545 | 151,873 | |
| 55,675 34,715 |
84,455 (34,715) |
140,130 - |
|
| 90,390 133,978 |
49,740 883 |
140,130 134,861 |
|
| 224,368 | 50,623 | 274,991 |
9b. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES CONTINUED (PARENT)
| INCOME FROM Donations and legacies Charitable activities Income from charitable activities Other trading activities Other income Investment income Total income EXPENDITURE ON Raising funds Charitable activities General Total expenditure NET INCOMING/(OUTGOING) RESOURCES Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 81,331 2,198 10,875 292 1,717 |
Restricted funds £ 85,000 - - - - |
Total funds £ 166,331 2,198 10,875 292 1,717 |
|---|---|---|---|
| 96,413 27,788 12,950 |
85,000 333 212 |
181,413 28,121 13,162 |
|
| 40,738 | 545 | 41,283 | |
| 55,675 34,715 |
84,455 (34,715) |
140,130 - |
|
| 90,390 129,513 |
49,740 883 |
140,130 130,396 |
|
| 219,903 | 50,623 | 270,526 |
Page 14
THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025
10. TANGIBLE FIXED ASSETS (PARENT AND GROUP)
| TANGIBLE FIXED ASSETS (PARENT AND | GROUP) | ||||
|---|---|---|---|---|---|
| COST At 1 October 2024 Additions At 30 September 2025 DEPRECIATION At 1 October 2024 Charge for year At 30 September 2025 NET BOOK VALUE At 30 September 2025 At 30 September 2024 |
Show ground & buildings £ 38,178 - |
Land and property £ 34,715 194,975 |
Show equipment £ 61,087 - |
Office equipment £ 7,594 - |
Total £ 141,574 194,975 |
| 38,178 | 229,690 | 61,087 | 7,594 | 336,549 | |
| 3,789 465 |
- 9,188 |
61,087 - |
7,594 - |
72,470 9,653 |
|
| 4,254 | 9,188 | 61,087 | 7,594 | 82,123 | |
| 33,924 | 220,502 | - | - | 254,426 | |
| 34,389 | 34,715 | - | - | 69,104 |
11. FIXED ASSET INVESTMENTS (PARENT ONLY)
| MARKET VALUE At 1 October 2024 At 30 September 2025 NET BOOK VALUE At 30 September 2025 At 30 September 2024 |
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 |
2025 £ 4,563 50,981 |
2024 £ 4,563 65,364 |
|---|---|---|
Page 15
THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025
12. TRADING RESULTS OF SUBSIDIARIES
| Income Gate Trade space Sponsorship Programme sales Entry fees Wightlink tickets Miscellaneous income Lunches Cost of sales Judges classes and comps Hire of equipment Rent and rates Insurance Print and stationery Marketing and website Health and safety Security costs Traffic management Licences Volunteer costs Equipment Office costs Travelling Floral Ticket services Entertainment Ground preparation GROSS PROFIT Admin Expenditure Sundry expenses Accountancy Bad debts Bank charges NET PROFIT |
2025 2024 £ £ 83,721 111,313 24,614 21,920 21,430 20,866 2,000 3,216 5,125 4,539 2,924 3,329 7,418 6,456 3,069 4,315 IOW County Show Ltd |
|---|---|
| 150,301 175,954 5,028 3,605 39,016 40,063 3,325 1,250 1,812 1,929 1,405 1,581 11,085 8,887 2,835 2,291 1,260 1,479 2,280 2,280 776 168 2,800 1,757 555 1,759 - 16,438 775 - 2,300 2,550 3,358 - 8,359 4,337 7,226 8,064 |
|
| 94,195 98,438 |
|
| 56,106 77,516 3,945 7,707 822 834 - 2,570 358 1,041 |
|
| 5,125 12,152 |
|
| 50,981 65,364 |
Page 16
THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Amounts owed by group undertakings Trade debtors Other debtors |
2025 £ Group - 3,565 5,303 8,868 |
2025 £ Parent 4,018 - 3,444 7,462 |
2024 £ Group - 4,403 2,529 6,932 |
2024 £ Parent 2,957 - 1,213 |
|---|---|---|---|---|
| 4,170 |
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors |
2025 £ Group 3,834 1,972 5,806 |
2025 £ Parent 3,834 1,116 4,950 |
2024 £ Group 2,811 3,005 5,816 |
2024 £ Parent 2,811 1,068 |
|---|---|---|---|---|
| 3,879 |
Page 17
THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025
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 Wight Aid Livestock collection centre TOTAL GROUP FUNDS TOTAL PARENT FUNDS |
At 1.10.24 £ 219,903 4,465 |
Net movement in funds £ (44,706) 50,981 |
Transfers between funds £ 134,266 (50,981) |
At 30.09.25 £ 309,463 4,465 |
| 224,368 338 - 50,285 |
6,275 (333) - 33,000 |
83,285 - - (83,285) |
313,928 5 - - |
|
| 50,623 | 32,667 | (83,285) | 5 | |
| 274,991 | 38,942 | - | 313,933 | |
| 270,526 | 38,944 | - | 309,470 |
Net movement in funds, included in the above are as follows:
| Unrestricted company funds General fund Unrestricted subsidiary funds IOW County Show Limited general fund Restricted funds Leader grant Wight Aid Livestock collection centre TOTAL GROUP FUNDS TOTAL PARENT FUNDS |
Incoming resources £ 26,158 150,301 |
Resources expended £ (70,864) (99,320) |
Gains and losses £ - - |
Movement in funds £ (44,706) 50,981 |
|---|---|---|---|---|
| 176,459 - 500 33,000 |
(170,184) (333) (500) - |
- - - - |
6,275 (333) - 33,000 |
|
| 33,500 | (833) | - | 32,667 | |
| 209,959 | (171,017) | - | 38,942 | |
| 110,641 | (71,697) | - | 38,944 |
Page 18
THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025
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 Wight Aid Rural Careers Fund TOTAL GROUP FUNDS TOTAL PARENT FUNDS |
At 1.10.23 £ 129,513 4,465 |
Net movement in funds £ (9,689) 65,364 |
Transfers between funds £ 100,079 (65,364) |
At 30.09.24 £ 219,903 4,465 |
| 133,978 671 212 - |
55,675 (333) (212) 85,000 |
34,715 - - (34,715) |
224,368 338 - 50,285 |
|
| 883 | 84,455 | (34,715) | 50,623 | |
| 134,861 | 140,130 | - | 274,991 | |
| 130,396 | 140,130 | - | 270,526 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted company funds General fund Unrestricted subsidiary funds IOW County Show Limited general fund Restricted funds Leader grant Wight Aid Rural Careers Fund TOTAL GROUP FUNDS TOTAL PARENT FUNDS |
Incoming resources £ 31,049 175,954 |
Resources expended £ (40,738) (110,590) |
Gains and losses £ - - |
Movement in funds £ (9,689) 65,364 |
|---|---|---|---|---|
| 207,003 - - 85,000 |
(151,328) (333) (212) - |
- - - - |
55,675 (333) (212) 85,000 |
|
| 85,000 | (545) | - | 84,455 | |
| 292,003 | (151,873) | - | 140,130 | |
| 181,413 | (41,283) | - | 140,130 |
Page 19
THE ROYAL ISLE OF WIGHT AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025
15. 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 - this 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.
Livestock collection centre - this represents a grant received in respect of the construction of a new livestock collection centre building.
16. TRANSFERS BETWEEN FUNDS
Restricted fund expenditure of a capital nature, mainly the construction of a livestock collection centre building, is included in fixed asset additions at the time the construction costs are incurred. An amount equal to the lower of the income received or the costs incurred is transferred from the restricted fund to the unrestricted fund, provided that the building may be used by the charity for its general application. Depreciation on the building has been charged against unrestricted funds.
During the year, the following amounts were transferred between funds:
£50,981 was transferred from the IW County Show Ltd unrestricted fund to the Royal Isle of Wight Agricultural Society unrestricted fund. This is a standard consolidation transaction required to correct the group position at the year end.
£83,285 was transferred from the livestock collection centre restricted fund to the unrestricted fund, both funds of the Royal Isle of Wight Agricultural Society. This represents amounts received as restricted income towards the cost of constructing the building, the costs of which were incurred during the year. The use of the building is for unrestricted charitable activities.
Page 20