## **YEOVIL AGRICULTURAL SOCIETY** **CHARITY NUMBER 251218** ## **ACCOUNTS** **FOR THE YEAR ENDED 31 DECEMBER 2023** YEOVIL AGRICULTURAL SOCIETY Charity number: 251218 ## Contents **Report of the Committee** 1 **Independent Examiners Report** 3 **Statement of Financial Activities** 4 **Balance Sheet** 5 **Notes to the accounts** 6 **YEOVIL AGRICULTURAL SOCIETY Charity number: 251218** Report of the Commitee ## **Legal Information** Yeovil Agricultural Society is a registered charity, number 251218. ## **Other Information and advisors** |**Principle ofce**|Batens| |---|---| ||Mansion House| ||Princes Street| ||Yeovil| ||Somerset BA20 1EP| |**Solicitors**|Batens| ||Mansion House| ||Princes Street| ||Yeovil| ||Somerset BA20 1EP| |**Accountants**|Stobooks Limited| ||5 Winchester Gardens| ||Yeovil| ||Somerset BA21 4SD| |**Bankers**|Natonal Westminster Bank plc| ||2 Hendford| ||Yeovil| ||Somerset BA20 1TN| ## **Review of Activities** The principal activities of the Society remain the provision of exhibition facilities at the Showground and the general advancement of Agriculture. The trustees support either individuals or organisations by making grants. The trustees are pleased to report an increase in the incoming resources, though the Society has been forced to expend monies to reinforce the perimeter fencing and entrance gates due to incursions by organised trespassers. We are very pleased to revive our support for some local Agricultural charities and good causes and welcome applications for grants. ## **Committee** DHC Batten (Chairman) SW Morris M Snell (Vice Chairman) J Pullen T McKenzie-Green S Clothier H McKenzie-Green G Murgatroyd Page | 1 **YEOVIL AGRICULTURAL SOCIETY Charity number: 251218** Report of the Commitee (contnued) ## **Independent Examiner** A resolution to appoint an independent examiner will be proposed at the annual general meeting. On behalf of the Committee ## David Batten ## Martin Snell DHC Batten M Snell Chairman Vice Chairman DateDate – Page | 2 **YEOVIL AGRICULTURAL SOCIETY** Independent Examiners Report Report to the trustees of Yeovil Agricultural Society For the year ended 31 December 2023 Charity Number 251218 We report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2023. ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). We report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out our examination, we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** We have completed our examination. We confirm that no material matters have come to my attention in connection with the examination which gives us cause to believe that in, any material respect: - ➢ the accounting records were not kept in accordance with section 130 of the Charities Act; or - ➢ the accounts did not accord with the accounting records; or - ➢ the accounts did 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. We 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. ## _Stobooks Limited_ 5 Winchester Gardens Yeovil, Somerset BA21 4SD Date Page | 3 ## **YEOVIL AGRICULTURAL SOCIETY Charity Number: 251218** Statement of Financial Actvites **For the year ended 31 December 2023** |**Notes**
**Incoming Resources**
Interest
Rents
Subscriptions
Investment income
**Resources expended**
Accountancy
Insurance
Electricity
Water
Repairs and renewals
Management expenses
Management company commission
Subscriptions
Professional fees and licenses
**Net incoming resources**
**Appropriation of income**
4
**Net movement in funds**|**2023**
**£**
**23**
**69,058**
**3**
**3,574**
**625**
**1,639**
**7,144**
**(446)**
**17,026**
**4,800**
**18,195**
**53**
**437**|
**£**
**72,658**
**(49,473)**
**23,185**
**12,500**
**10,685**|**2022**
**£**
**£**
126
56,873
3
11,967
68,969
650
1,639
4,341
4,163
1,039
9,200
13,456
53
573
(35,114)
33,855
**-**
33,855|**2022**
**£**
**£**
126
56,873
3
11,967
68,969
650
1,639
4,341
4,163
1,039
9,200
13,456
53
573
(35,114)
33,855
**-**
33,855| |---|---|---|---|---| |||||33,855| |||||**-**| |||||33,855| The notes on pages 6 to 7 form part of these accounts. Page | 4 **YEOVIL AGRICULTURAL SOCIETY Charity Number: 251218** Balance Sheet **For the year ended 31 December 2023** |**Notes**
**Fixed assets**
Tangible
2
Investments
3
**Current assets**
Cash held by management company
Cash at bank
**Current liabilities**
Creditors and accruals
**Net current assets**
**Total Assets less Current Liabilities**
Represented by:
Accumulated General Fund
5|**2023**
**£**
**£**
**103,548**
**66,928**
**170,476**
**6,721**
**73,564**
**80,285**
**1,300**
**78,985**
**249,461**
**249,461**|**2022**
**£**
**£**
100,668
63,354
164,022
15,014
60,965
75,979
1,225
74,754
238,776
238,776|**2022**
**£**
**£**
100,668
63,354
164,022
15,014
60,965
75,979
1,225
74,754
238,776
238,776| |---|---|---|---| ||||164,022
74,754| ||||238,776| ||||238,776| The notes on pages 6 to 7 form part of these accounts. Page | 5 **YEOVIL AGRICULTURAL SOCIETY Charity Number: 251218** Notes to the accounts ## **1. Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost, or transaction value unless otherwise stated in the relevant notes to these accounts, and with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). ## **2. Tangible fixed assets** Tangible fixed assets are stated at cost, contrary to the requirements of the Statement of Recommended Practice no depreciation has been provided as, in the opinion of the Officers of the Society residual value of the assets are at least equal to cost. |**2023**
As at 1 January and at 31 December
Additions
**2022**
As at 1 January and at 31 December|**Showground**
**Improvements**
**to**
**showground**
**Access road**
**Total**
**£**
**£**
**£**
**£**
**35,143**
**26,778**
**38,747**
**100,668**
**-**
**2,880**
**-**
**2,880**
**35,143**
**29,658**
**38,747**
**103,548**
35,143
26,778
38,747
100,668| |---|---| ## **3. Investments** The Society’s investments are managed by Church House Investments Limited a company regulated by the Financial Conduct Authority. Investments are held as ‘Client Finds’. |As at 1 January
Additions
Disposals
Change in market value
**As at 31 December**
Cash trading account
**Total**|**2023**
**£**
**62,228**
**3,666**
**(2,321)**
**2,003**
**65,576**
**1,352**
**66,928**|**2022**
**£**
50,243
3,786
(3,160)
11,359| |---|---|---| |||**62,228**
1,126| |||**63,354**| Page | 6 **YEOVIL AGRICULTURAL SOCIETY Charity Number: 251218** ## **3. Investments continued** ||**2023**||**2022**|| |---|---|---|---|---| |||**Market**||**Market**| ||**Units**|**Value**|
**Units**|**Value**| ||**Number**|**£**|**Number**|**£**| |Church House Investment Grade Fixed Interest|**11,504**|**12,315**|
11,504|12,315| |Church House Balanced Equity Inc Fund B Inc|**8,378**|**7,685**|
8,378|7,685| |Church House UK Equity Growth Fund B Inc|**9,102**|**16,529**|
9,102|16,529| |Church House Tenax Absolute Return Strategies Fund B Inc|**6,193**|**9,172**|
6,193|9,172| |Church House UK Equity Growth Fund B Inc|**2,033**|**16,527**|
2,033|16,527| |||**62,228**||**62,228**| |**. Appropriaton of income**||||| ||||**2023**|**2022**| ||||**£**|**£**| |Wessex Young Farmers Society|||**1,000**|-| |Bere Potatoe Trial|||**1,500**|-| |Farmlink Education|||**10,000**|-| |**Distributed during the year**|||**12,500**|**-**| |**. General fund**||||| ||||**2023**|**2022**| ||||**£**|**£**| |**General fund**||||| |Balance brought forward at 1 January|||**238,776**|204,921| |Net movement in funds|||**10,685**|33,855| |**Balance carried forward at 31 December**|||**249,461**|238,776| ## **4. Appropriation of income** ## **5. General fund** Page | 7