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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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