## ## ## |||||||Page| |---|---|---|---|---|---|---| |Trustees'
annual
report (incorporating|||the|director's|report)|| |Independent
examiner's
report to the|||trustees|||| |Statement
of financial|activities|(including||income and||| |expenditure
account)||||||| |Statement
of financial|position|||||| |Notes to the financial|statements|||||| ## ## ## ## |Registered||charity|name|name|Bridgwater
Agricultural|Bridgwater
Agricultural|Society|Limited|| |---|---|---|---|---|---|---|---|---|---| |Charity registration|||number||275593||||| |Company|registration|||number|01355085||||| |Principal office and|||registered||7 Castle Street||||| |office|||||Bridgwater||||| ||||||TA6 3DT||||| |The trustees|||||||||| ||||||Mr G Groves||||| ||||||Mr P Irish||||| ||||||Mr T Miller||||| ||||||Mr J Walker||||| ||||||Mr R Heal||||| ||||||Mr SAdams||||| ||||||Mr D Dosson||||| ||||||Mr M Snook|||(Died 17 December 2022)|| ||||||Mr D House||||| ||||||Mr K Barrow||||| ||||||Mr A Bult||||| ||||||MrJWinslade|(Chairman)|||| ||||||Mrs A Wills||||| ||||||Mr G Bagg||||| ||||||Mr D Rood||||| ||||||MrJ Rowe|||(Appointed|30June 2022)| |Company|secretary||||Mrs M Adams||||| |Independent||examiner|||K Davies FCCA||||| ||||||7 Castle Street||||| ||||||Bridgwater||||| ||||||Somerset||||| ||||||TA6 3DT||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |s, or in their roles i|n sup|port
ofthese sectors:|| |---|---|---|---| ||||2023| ||||f| |Farmlink|||16,000| |Ploughing
Match
South West Winter|Fair||14,500
1,450| |West Somerset Training
Group
Somerset
Holsteins
& Calf Show|||2,150
3,000| |RABI|||5,000| |Travel & Course Grants|||19,075| |Brymore Academy
FWAG South West|||1,250
8,000| |Other grants under|f1,000||2,750| |Total grants|||73,175| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Year ended 28Febru|ary|2023||||| |---|---|---|---|---|---|---| |||||2023||2022| |||||Unrestricted||| |||||funds|Total funds|Total funds| ||||Note||6|| |Income and endowments||||||| |Donations
and legacies
Investment
income||||8
52,647|8
52,647|9
54,346| |Total income||||52,655|52,655|54,355| |Expenditure||||||| |Expenditure
on raising funds:
Investment
management
costs
Expenditure
on charitable
activities
Other expenditure|||6,7
9|(7,192)
(78,534)
(4,133)|(7,192)
(78,534)
(4,133)|(6,960)
(38,509)
(3,057)| |Total expenditure||||(89,859)|(89,859)|(48,526)| |Net gains/(losses)
on investments|||10|12,291|12,291|138,070| |Net (expenditure)/income|and net movement||in funds|(24,913)|(24,913)|143,899| |Reconciliation
offunds||||||| |Total funds brought
forward||||1,563,656|1,563,656|1,419,757| |Total funds carried forward||||1,538,743|1,538,743|1,563,656| ## ## |||||2023|2022| |---|---|---|---|---|---| ||||Note||| |Fixed assets|||||| |Investments|||15|1,502,256|1,450,200| |Current assets|||||| |Debtors
Cash at bank|and in|hand|16|4,579
39,576|7,005
115,216| |||||44,155|122,221| |Creditors: amounts||falling due within one year|17|7668|8 765| |Net current assets||||36487|113456| |Total assets|less current liabilities|||1,538,743|1,563,656| |Net assets||||1,538,743|1,563,656| |Funds ofthe charity
Unrestricted
funds||||1,538,743|1,563,656| |Total charity|funds||18|1,538,743|1,563,656| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |5.|Donations
a|nd le|gacies||||||| |---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Total|Funds|Unrestricted|Total Funds| ||||||Funds||2023|Funds|2022| ||||||E||f|2|| ||Donations||||||||| ||Donations||||||||| |6.|Expenditure|on charitable||activities|by fund type||||| ||||||Unrestricted|Total|Funds|Unrestricted|Total Funds| ||||||Funds||2023|Funds|2022| ||||||||E||| ||Grants paid
Support costs||||73,175
5,359||73,175
5,359|29,720
8,789|29,720
8,789| ||||||78,534||78,534|38,509|38,509| |7.|Expenditure|on charitable||activities|by activity type||||| ||||||Grant funding||Support|Total funds|Total fund| ||||||of activities||costs|2023|2022| ||||||||2|8|2| ||Grants paid
Governance|costs|||73,175||5,359|73,175
5,359|29,720
8,789| ||||||73,175||5,359|78,534|38,509| |8.|Analysis of|grants|||||||| |||||||||2023|2022| |||||||||K|| ||Grants to institutions||||||||| ||Grants to institutions|||||||54,100|27,800| ||Grants to individuals||||||||| ||Grants to individuals|||||||19,075|1,920| ||Total grants|||||||73,175|29,720| ||Grants awarded||by activity|||||2023|2022| ||Agricultural
Events and Purposes
Travel scholarships|||||||56,100
17,075|28,300
1,420| |||||||||73,175|29,720| ## ## ## ## ## ## |9.|Other expenditure|||||||| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||||Funds|2023|Funds|2022| |||||||2||2| ||Printing,
stationery
and telephone
Companies
House filing fee
Honorarium||||53
13
2,500|53
13
2,500|76
13
2,500|76
13
2,500| ||Sundry expenses||||1,567|1,567|468|468| ||||||4,133|4,133|3,057|3,057| |10.|Net gains/(losses)
on investments|||||||| ||||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||||Funds|2023|Funds|2022| |||||||2||2| ||Unrealised
gains/(losses)
investments||on listed||9,201|9,201|124,112|124,112| ||Realised gains/(losses)
investments|on listed|||3,090|3,090|13,958|13,958| ||||||12,291|12,291|138,070|138,070| |11.|Independent
examination||fees|||||| ||||||||2023|2022| ||||||||6|| ||Fees payable to the independent
examiner for:
Independent
examination
ofthe financial statements
Other financial
services||||||2,590
3,890|3,070
5,640| ||||||||6,480|8,710| ## ## ## ## ## ## ## ## |Tangible fixed assets||| |---|---|---| |||Equipment| |||2| |Cost||| |At 1 INarch 2022 and 28 February|2023|1,107| |Depreciation
At 1 March 2022 and 28 February|2023|1,107| |Carrying
amount||| |At 28 February 2023||| |At 28 February 2022||| ## |Investments|| |---|---| ||Listed| ||investments| |Cost or valuation|| |At 1 March 2022|1,450,200| |Additions|47,281| |Disposals
Fair value movements|(4,426)
9,201| |At 28 February 2023|1,502,256| |Impairment|| |At 1 March 2022 and 28 February 2023|| |Carrying
amount
At 28 February
2023|1,502,256| |At 28 February 2022|1,450,200| ## ## ## ## ## |The trustees
consider that there were many
material
invest
those being:|ment
equity
holdings
at th|e year-end,| |---|---|---| ||2023|2022| |Diageo Pic Old 28 101/108p
Astrazenca
Pic Ord USD0.25|88,225
78,880|93,125
65,678| |BHP Group Pic Ord USD0.50 4
Glaxosmithkline
Ord GBP0.25|50,550
45,613|50,400
61,816| |Prudential
Ord GBP0.05|51,415|46,028| |Reckitt Benckiser Group Pic Ord GBP0.10
Relx Pic 1451/116p
Rio Tinto Ord GBP0.10|40,334
62,575
68,544|44,247
57,025
69,492| |Smiths Group Pic37 1/2p
Unilver Pic Ord 3.11p
Walt Disney Company
Com Stk USD0.25
National
Grid ORD GBP0.12431289|43,805
66,176
22,761
40,348|37,980
59,944
30,422
43,536| |Land securities Group Ord GBP0.10661|31,432|36,295| ||690658|700 645| |16.|Debtors||||| |---|---|---|---|---|---| |||||2023|2022| |||||2|| ||Prepayments|and accrued income||4,579|7,005| |17.|Creditors: amounts||falling due within one year||| |||||2023|2022| |||||2|2| ||Accruals and|deferred|income|7,668|8,765| ## ## ## ## ## ||||At||||At| |---|---|---|---|---|---|---|---| |||1|March 202|||Gains and|28 February| ||||2|Income|Expenditure|losses|2023| |General|funds||1,563,656|52,655|(89,859)|12,291|1,538,743| ||||At||||At| |||1|March 202|||Gains and|28 February| ||||1|Income|Expenditure|losses|2022| |||||2|||| |General|funds||1,419,757|54,355|(48,526)|138,070|1,563,656| ## |Analysis of net as|sets between funds||| |---|---|---|---| |||Unrestricted|Total Funds| |||Funds|2023| ||||8| |Investments
Current assets||1,502,256
44,155|1,502,256
44,155| |Creditors less than|1 year|(7,668)|(7,668)| |Net assets||1,538,743|1,538,743| |||Unrestricted|Total Funds| |||Funds|2022| ||||2| |Investments||1,450,200|1,450,200| |Current assets||122,221|122,221| |Creditors less than|1 year|(8,765)|(8,765)| |Net assets||1,563,656|1,563,656| ##