Company registration number. 01355085
Charity registration number. 275593
Bridgwater Agricultural Society Limited
IA company limtsd by guarantee)
Annual Report and Financial Statements
for the Year Ended 29 February 2024
WESTCOTTS
CHART@RED ACCOVMIANTS
& KUS111I55 AOVISIRS

Bridgwater Agricultural Soclety Limited
Contents
Trustees, Report
1to6
Independent Examinerfs Report
Sialemenl of Financial Acbwties
Balance Sheet
Notes lo the Financial Ststemenls
10t021

Bridgwater Agricultural Society Limited
Trustees, Report
The trustees, who are directors for the purposes of company law. present the annual report together
with the financial slalemenls of the charf(able company for the year ended 29 February 2024.
Reference and Admlnlstratlve Detalls
Charty Registration Number..
Company Registration Number..
275593
01355085
The charity is incorporated in England and Wales.
7 Castle Street
Bridgwater
Somersel
TA6 3DT
Registered Office..
Independent Examiner..
Weslcotts
7 Castle Street
Bridgwater
Somersel
TA6 3DT
Trustees and officèrs
The trustees and officers seFving during the year and since the year end were as follows..
MrG Bagg
Mr G Groves
Mr A Bult
Trustegs..
Mr D W House
Mr J Rowe
Mr T L E Miller
Mr J R Winsladg
Mr J F Walker (resigned 9 August 20231
MrPAlrish
Mr K N Barrow
Mr D Rood
MrRRHeal
Mr S W Adams
Ms A Wills
Mr D J Dosson
Mr R Hardwick lappoinled 28 September 20231
Chainnan..
Mr D W House
Page 1

Bridgwater Agricultural Society Limited
Trustee5' Report
Secrètary:
Mrs M Adams (resigned 28 September 2023}
Mr M C House (appointed 28 September 20231
Structurey govemanee and managemenl
Naturè of gov•ming document
The Society is a charitable company limited by guarantee, incorporated on 1 March 1978 and
registered as a charity on 17 May 1978. The cornpany was established under a Memorandum of
Assotialion whi¢h established the objects and powers of the charitable company and is govemed
under ils Articles of Association, as amended by Spec*al Resolutions ¢tsated 3 July 1992 and 11
September 2008. In the event of the company being wound up the liability of members is limited to
£2.DO.
The full name of the Soci8ly is Bridgwater Agricultural Society Limit￿1. The Society tokes 8dvantage
of the abilty lo exclude the word 'Limiled as provided by the CompanEs Act 2006.
Recrultment and appolntment ol trustees
On eessation of a Iruslee's appointment the Society Seeks 8pplicanl$ to ￿place the retiring Iruslee.
The selection is then made by vole al the next meeting of the trustees.
Indu¢OTon and trainlng of trustees
On appointment new Im51ee$ are provided Mlh a full history of the Society and details of the current
objectives and grant processes
Major risks and managgment of those risks
The trustees have considered the major risks lo which the Society is exposed.
They have identified that the principal risks faced by the Society are that thg investment portfolio as a
whole is subject lo market risk, whereby the value 15 dependent on prevailing economic eondilions,
and also that the individual shareholdings are subject lo the specrfic nsk of, say, business operalK)ns.
These risks are managed by having a diversified portfolio which is composed of equty shareholdings
and fixed interest holdings, which are subject to different market risks.
Page 2

Bridgwater Agricultural Society Limited
Trustees. Report
Obiectives and activitie$
Objects and aln
The objective5 of the Society are contained in the Memorandum of Association and include the
following..
(al To ptomote agricutture and horticulture by..
{1} The promotion of improvements in agricuRural produce, .in the breeding, rearing and health of
livestock and in the techniques of horticulture and forestry.
li1} The promotion of research which il is hoped wll lead to the inventign and improvement of
agricultural implements.
liiil The encouragement of skill and industry in husbandry
The holding of an annual show
(vl Such other ways as the Society may from time lo lime determine
{bl To advance education in agriculture and horticulture lineluding animal husbandry, forestry and
industries all￿d thereto) and in the conseNalion of the natural environment in the context of
agriculture.
Icl To Promote the work of the Somerset Federation of Young Farmers, Clubs.
Id) To support or aid any associations or institut￿nS engaged in the education of persons for
agriculture or horticU￿Ure including the support or aid ol the recreational faciltties ol such assock8tion
or inslilulion together with institutions promoting the health and safety of agricultural workers
(including the Air Ambulance Service).
The Society, whKh is a public benefrt entity, is able lo advance Sums of money as grants in order lo
meet ils objectives. The Society makes it. known within the local rural community that funds are
av8iSable for grants within a 15 mile radius of Bridgwaler.
As a result of the promotion that has been undertaken in the past the Society receives enquiries which
resLJIt in grant aid being made available when the Iruslees decide that the specific reque51 meet5 tts
objectives. Each enquiry is considered on its relative merits and not all applications are successful.
The Trustees of the Society take account of the guidance from the Charity Commission on publi
b8nefi( and believe that their method of promotion meets this 9uidance.
There has been no change to the method of promotion during the year under review.
Public beneflt
The purpose of the charity is to provide grant income lo support and promote the loeal"rural
community. The society has paid out over £1,000,000 to dale to worthy causes. Further detsil is
provided in the achievements and perfomance section.
The trustees confifm that they have complied with the requirements of section 17 of the Charities Act
2011 to have due regard lo the public benefit guidance published by the Charity Commission lor
England and Wales. They have referred to this gLJidance when reviewing the societvs aims and
obj8clives and in future planning.
Page 3

Bridgwater Agricultural Society Limited
Trustees, Report
A¢hievements and performance
The society receives dividend and other taxed income from the investments held with JM Finn, The
Society is then able lo use this income for the advancement ol grants and scholarships in accordance
th ils objectives. Details of tho grants made during the year lo support various institutions and
individuals in promoting agriculture, horticulture, and torestry. the furthering of education in these
sectors. or in their roles in support of these sectors are Shown in note 8.
Bridgwater Ploughing Match
The BAS has an historic lie with the Bridgwaler Ploughing Match which is held annually and is now in
ils 78th year. Enlranls come from all over the South Wesl to allend and our grant of £2,100 has
helped towards the running costs and prtie money.
Financial review
The total incoming resources for the year under revw amounted lo £54.144. This income is derived
principalty from dividends on the funds invested in sloeks and shares and the interest on bank
deposits held. The resources expended amount lo £40.226 of which £24,035 relates lo grants and
£16,191 to man8gemenl and adminislralK)n.
In August 1988, the Society disposed of land for development purposes and the surplus arising from
this amounted to £432,738. Since this dale, the funds have b￿n invested and these are now
principally held in stocks and shares. Professional advice is obtained from the stockbrokers so that
the trustees can ensure as far a5 possible that the capital at the Societls disposal is safeguarded for
the future.
There has been a decrease in the market value of the investment portfolio this year of £53,774. This
is made up of additions to the wrtfolio of £41,025, disposals lo the portfolio of £27,752, these
disposals resulted in realised gains of £15.428. Unrf3alised bsses at the year•end were £67.047. As al
5 April 2024, the market value increased by £3,626 from the year-end lotsl value.
The Stockbrokers have been instructed lo take a balanced approach with a medium risk profile with
respect to the investsnenl portfolio. In this way the Society seeks lo achieve an inc￿a￿ng income
whilst presemng the underlying capital. This is also dependent on the general economic climate as
this has a large bearing on the level of dividends that are paid by companies lisled on the stock
market. The overall objective is foi grants lo be paid from current resources wrthoul the need lo sell
any of the investments in stocks and shares.
The Society is satish'ed that it Can meet its ongoing obligations without any undue delay.
The only reserves held al the year*nd were Unreslricled Funds, which tolalW £1,501.042 12023-
£1.538.7431.
Since 2012 the market valuation of the stocks and shares have been as follows.-
Page 4

Bridgwater Agricultural Society Limited
Trustees, Report
Market
Valuation
Income from
Investments
2012
1.131.779 43,854
1,284.614
55,658
1,370,907 53,756
1,407,860
49,294
1,271.102
59,843
1.434,542
56,059
1,379,402 61,790
1,369,546
57.875
1,320.748
58,273
1.320,718
42,556
1,450,200
54,346
1,502,256
52,648
1.M8.482
S4.136
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Pollcy on reserves
The poli￿ of the society is as follows..
1. The society should maintain reserves in order to generate sufficient income to meet the objects of
the society in making grants
2. The level of reserves is lo be Sufficient lo provide the incorrE required for the society lo meet ils
objects.
3. The reseNes to be maintained 15 to be based on the advice of the society's professional ath'sor8
as sel out in the bvdgels approved by the trustees.
4. The 'reseNes' policy is to be moni(ored, 'revlewed and am8nded as considered necessary al the
Annual General Meeting of the society.
Plans for future periods
The Iruslees intend lo continue their current strategy of recewing dividend income and paying those
reserves out in the fom of grants to the local community.
Small companies provlsion stalgment
This report has been prepared in accordan￿ with the sn)all companies regime under the Companies
Act 2006.
Pagg 5

Bridgwater Agricultural Society Limited
Trustees, Report
The annual report was approved by the trustees of the charity on 3.1.i.o1.1.￿. and
behalf by..
srgned on its
Mr D WHouse
Chairman and Trustee
Pag8 6

Bridgwater Agrlcultural Society Limited
Independent Examiner's Report to the trustees of Bridgwater Agrlcultural
Society Llmlt8d ('the Company,
I report to the charity trustees on my &xamlnalion of the accounts of the Company for the year ended
29 February 2024.
Responsibillties and basis of report
As the Charity's trustees of the Company land also ils directors for the purposes of company lawl you
are responsible for the preparation of the accoLints in accordance with the requirements of the
CompanE$ Act 20061'lhe 2006 Act'l.
Hawng satisfied myself that the accoun15 of the Company are not required lo be audited under Part
16 of the 2006 Ad and are eligible for independent examination, I report in respect of my examination
of your charfty's accounts as carried out under section 145 01 the Charities Act 2011 I'lhe 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Chaiity Commission under
section 145{5}Ib} of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection
wrth the examination giving me cause to believÈ.'
1. accounting records were not kept in respect of Bridgwater Agricultural Society Limited as
required by section 386 of the 2006 Act-, or
2. the aGcounts do not accord with those records.. Dr
3. the accounts do not compty wrth the accounting requirements of section 396 of the 2008 Act
other than any requirement that the accounts give a Irue and fair view which is not a matter
¢onsidered as part of an independent examination.. or
4. the ac¢ounls have not bèen prepared in accordan￿ with the method5 and principl85 of the
Slalement of Recommended Practi￿ for accounting and reporting by charities lapplicable lo
charities preparing their accounts in 8ccordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102)].
I have no concerns and have come across no other matters in connection with the examinalM)n lo
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
K Davies
FCCA
7 Ca511e Street
Bridgwater
Somersel
TA6 3DT
Oate..
Page 7

Bridgwater Agricultural Society Llmited
Statement of Financial Activitles for the Year Ended 29 February 2024
(Including Income and Expenditure Account and Statsment of Total
Recognised Gains and Losses
Unrestrlcted
funds
Total
2024
Totsl
2023
Note
IDcome and Endowments from:
Donations and legacies
Investment income
54,136
54.136
52,647
Total income
$4,144
54,144
52,655
Expenditure on:
Raising funds
Charitable o¢livilie8
(10,424)
29,8021
{10,4241
{29,802)
{11.3241
(78,5351
Total expenditure
Galnsllknsse81 on inve8trnènt assgts
Nel expenditu
Net movement in funds
{40,226)
51,619
{40,2261
51.6191
{37.701
189.859)
12,291
137,701
24,913
{37,701)
(37,701)
{24.913)
Reconcilitttion of funds
Tolal funds brought hrward
Totsl funds earried fotward
1,538.743
1.538,743
1,563,656
1,538,743
15
1.501,042
1.501,042
All of the charity's actwities derive from eonlinulng operations during the above two periods.
The funds breakdown for 2023 is shown in note 15,
The notes on pages 10 10 21 fomi an integral part of these financial slalements.
Page 8

Brldgwater Agricultural Soclety Limited
IRegistratlon number: 01355085)
Balance Sheet as at 29 February 2024
2024
2023
Note
Fixed assets
Investments
12
1,448,482
1,502,256
Current assets
Oebtors
Investments
Cash at bank and in hand
13
5,506
1,103
53,252
59,861
(7,301)
52,560
4,579
4,084
35,492
44.155
Creditors: Amounts falllng due wlthln one year
14
17.668
Net current assets
36,487
Net assets
1,501.042
1.538.743
Funds of the charity:
Unrestricted income funds
Unrestricted funds
1,501,042
1,501.042
1,538.743
1.538,743
Total funds
For the financlal year ending 29 February 2024 the charity was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Director5, responsibilities..
The members have not required the charity to obtain an audit of ils accounts for Ihe year in
question in accordance with soction 476., and
The directors acknowledge their responsibilitie5 for compl￿rIg with the requirements of the Act wlh
respect to accounting records and the proparation of accounts.
efi
ancial statements on pages 8 to 21 were approved by the trustees, and authorised.for issue on.
and signed on their behalf by..
Mr D W House
Chairman and trustee
The notes on pages 10 10 21 forni an integral part of these finanGial slalemenls.
Page 9

Bridgwater AgriGultural Society Limited
Notes to the Financial Statements for the Year Ended 29 February 2024
1 Charlty status
The charity is limited by guarantee, incorporated in England and wa￿$, and consequently doos not
have Share capital. Each of th8 Iruslees is liable lo contribule an amount not exceediny £2 towards
the assets Df the charity in the event of liquidation,
The address of its registered office 18..
7 Castle Street
Bridgwaler
Somerset
TA6 3DT
2 kcounting pollcles
Summary of signlfieant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out
below. These pol￿(e$ have been consistently applied to all the years presented. unless otherwise
slated.
Ststemeht of compllance
The financi81 statements have been prePa￿d in accordanee with Accounting and Reporbng by
Ch8rities-. Slalement of Recommended Practice (applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard ¢ipplicable in the UK and Republic of Ireland [FRS
10211 li5sued in October 20191- (Chaiities SORP IFRS 10211, the Financial Reporting Standard
applicable in the UK and R6publie of Ireland {FRS 102} and the Companies Acl 2006.
Basis of preparation
Bridgwaler Agricultural Society Limited meets the definition of a public benelil entity under FRS 102.
Assets and liabilities are initially recognised al hislorical cost or transaction value unless otherwise
staled in the relevant aecounling policy notes.
The chaws financial statements consolidate the financial slalemenls of the charity and ils subsidiary
undertakings drawn up to 31 December each year, with the exception of linsert name of subsidiaryl
which is exeluded from consolidation as il is held exclusively with a view lo resale. IName of
subsidiaryl is accounted for at cost less impairment. The results ol subsidiaries acquired or sold are
consolidated for the periods from or to the date on which control passed.
Golng concern
The trustees consider that the￿ are no material uncertainties about the charity's abilty to continue 85
going concern nor any significant areas of uncertainty that affect the carrying value of assets held by
the charty.
Page 10

Bridgwater Agricultural Society Limited
Notes to the Financial Statements for the Year Ended 29 February 2024
Summary of dlsclosure exemptions
Bridgwater Agricumural Society Limtted meets the definition of a qualifwng entty under FRS 102 and
h85 therefore taken advantage of the disclosure exemptions available to it in respect of ils separate
financial slatemenls, which are presented altsn9side the consolidated financial slalemenls.
Exemptions have been taken in ￿latIon to financial inslrumenls, presentation of a cash flow
slalemenl, intra-group transactions and remuneration of key management personnel.
Incomg and endowments
All inGome is ￿cOgnised once the charity has entitlement to the income. it is probable that the income
11 b8 received and the amount of the income feceivable can be measured reliabty.
Donatlons and lègacles
Donations are recognised when the charity has been notified in writing of Ix)Ih the amount and
settlement date. In the event that a donation is subject to conditions that require a level ol
performance by the charity before the Charity is entitled to the funds, the income is deferred and not
recognised until either those conditions are fully met, Dr the fulfilment of those condition5 is wholly
within the eontrol of the Charity and rt is probable that these cDndi(ions will be fulfilled in the reporting
period.
Investment Income
Dwidends are recognised once the dividend has been declared and nolrficalion has been received of
the dividend due.
Expendlturp
All expendf(ure is recognised once there is a legal or constructive obligation to that expenditure, il is
probable settlement is required and the amount can be measured reliably. All crJst5 are allocated to
the applicable expenéilure heading that aggregate similar costs lo that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consistent with the
use of resources, wfch central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset'5 use. Other support costs are allocated based on the
spread of staff costs.
Ralslng funds
These are costs incurred in attracting voluntary income. the management of investments and those
incurred in trading activitie5 that raise funds.
Cha17table actlvltles
Charitable expenditure comprises those costs ineurred by the charrty in the delivery of its 8clivilies
and services lor tts beneficiaries. It includes both costs that can be allocated directly to such activrties
and Ihose costs of an indirect nature necessary to support them.
Grantpmvlslons
Provisions for grants are made when the intention to make a grant has been communicated to the
recipient but there is uncertainty about ei(her the timing of the grant or the amount of grant payab￿.
Page 11

Bridgwater Agricultural Society Limited
Notes to the Financial Ststements for the Year Ended 29 February 2024
Support costs
Support costs include central functions and have been allocated lo activity cost categories on a ba81S
consistent with the use of resources. for example, allocating propety costs by floor areas. or per
capita, staff costs by the time spent and other Costs by their usage.
Governance costs
These include the cost5 attributable to the charity's compliance with constitutional and stslulory
requirements, including audit, strategic management and trustees meetings and reimbursed
expenses.
Taxatlon
The charity 15 consider&d lo pass the tests set out in Paragraph 1 Sch8dule 6 of the Finan￿ Act 2010
and therefore it meels the definition of a charitable company for UK corporation tsx purposes.
Accordingly. the charity is polentk911y exempl from laxalion in respect of income or caprtal gains
received within categortes covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that 8uch income or gains are
applied exclusively lo charitable purposes.
Depreciation and amortisation
Dep￿ciall0n is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value. over their expected useful economic life 8s follows..
Asset class
Equiprnenl
Deprec5ation method and rate
150kn reducing balan
Fixed asset Investments
Fixed asset investments, other than programme reLgted investments, are included at market value al
the balance sheet date. Realised gains and losses on investments are calculated as the difference
be￿een sales proceeds and their market value al the start of the year, or their subsequent cost, and
are charged or credited to the Slalemenl of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are
credited or charged to the Ststemenl of Financial Activf(ies based on the market value al the year end.
Current asset investments
Current asset investments are included at the lower of Cost and net realisable value I market value.
Cash and eash equivalents
Cash and cash equivalents comprise eash on hand and call deposits, and other short-term highly
liquid investments that are readily convertible lo a known amount of cash and are subject to an
insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are availab￿ for use 8t the trustees discretion in
furtherance of the objectives of the charity.
Page 12

Bridgwater Agrlcultural Society Limited
Note5 to the FinanGial Statements for the Year Ended 29 February 2024
Flnancial instruments
Classiylcation
Financial assets and financial liabilities are recognised when the charty becomes a party lo the
contractual provisions of the instrument.
Financial liabilities and equity instrument5 are classified according lo the substance of the contractual
arrangements entered into. An equkty instrument is any contract that evidences a residual interest in
the assets of the eharily after deducting all of ils liabililios.
Recognitlon and mgasurement
All financial assets and liabilities are initially measured al transaCt￿)n price lineluding transaction
coslsl, exeepl for those f1nancial assets classified as at lair value through profrt or loss, which are
initially measured al fair value {which is normally the transaction price excluding transaction cost51,
unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing
transaction. the financial asset or financial liabilty is measured al the present value of the f￿Ure
payment5 discounted at a market rate of interest for a Similar debt inslrumenl.
Financial assets and liabilities are only offset in the Statement ol financial posftion when, and only
when there exists a legally enfor￿able right lo sel off the recognised amounts and the charity intends
either lo settle on a nel basis. or to reali5e the asset and settle the liability simultaneously.
Financial assets a￿ derecogni5ed when and only when a} the conlraclual rights to the cash flows
from the financial asset expiTe or are seitled, bl the charity transfers lo anolher party subsl8nlially all
of the risks and rewards of ownership of the financial asset. OT ¢1 the chartty. despite having retained
sorne. but not all. significant risks and rewards of ownership, has transferred control of the asset lo
another party.
Financial liabili(ies are derecognised onty when the obligation specrfied in the contract is discharged,
cancelled or expires.
3 Income from donatlons and legacie5
Unrestrictsd
funds
General
Total
2024
Donations and legacies.,
Donations from individuals
Unrestricted
funds
General
Totsl
2023
Donations and legacies-,
Donations from individuals
Pago 13

Bridgwater Agricultural Society Limited
Notes to the Financial Statsments for the Year Ended 29 February 2024
4 Investment income
Unrestricted
funds
Ggneral
Total
2024
Interest receivable and similar income.,
Interest receivable on bank deposits
Other income from fixed asset investments
1,261
52,875
1,261
52.875
54,136
54,136
Unrgstrlcted
funds
Genoral
Total
2023
Interest receNable and similar ineome-,
Interest receivable on bank deposits
Other income from fixed asset investments
763
51,894
753
51.894
52,647
52,647
S Net gainsl{losses) on Investments
Unrestricted
funds
General
Total
2024
Total
2023
Unrealised Igainlllo¥s in investments
Realwd Igainllbss on investments
167,047}
15.428
(67,0471
15,428
51.619
9.201
3,090
51,619
12.291
Paga 14

Brldgwater Agrlcultural Society Limited
Note5 to the Financial Statements for the Year Ended 29 February 2024
6 Expenditure on raising funds
a) Investment management costs
Unrestricted
fund$
General
Total
funds
Note
Other investment management costs..
Other portfolio management costs
located support eosls
7,109
3,315
7,109
3.315
Total foi 2024
10,424
10,424
Total for 2023
11,324
11,324
7 Expenditure on charltsblo activities
Unrestricted
funds
Genernl
Total
2024
Note
Grant Ivnding of act4vilies
Governance costs
24,035
5,767
24,035
5,767
29,802
29,802
Unrostricted
funds
General
Total
2023
Note
Grant funding of actNf(ies
Goveinance cost8
73,175
5,360
78,535
73,175
5.360
78,535
Grant
funding of
activity
Activity
SUPFX>rt
costs
2024
Grants paid
Govemance costs
24.035
24,035
5.767
29.802
5,767
5.767
24,035
Page 15

Bridgwater Agricultural Society Limltsd
Notes to the Financial Statements for the Year Ended 29 February 2024
Grant
funding of
activity
Activlty
support
costs
2023
Grants paid
Govemance costs
73,175
73,175
5,360
5.360
73,175
5,360
78,535
Page 16

Brldgwater Agricultural Society Limited
Notes to the Financial Statements for the Year Ended 29 February 2024
8 Grant-making
Analysls of grants
Grants to Instltution5
2024
2023
Grants to Individuals
2024
2023
Analysis
Agricultural events and
purpos&s
Travel grants
Long service awards
8.235
200
100
54,100
2,000
17,075
15,000
500
8,535
54,100
15,500
19,075
Below are details of material grants made lo institutions
2024
2023
Name of institulion
Famlink
Ploughing Match
South West Winter Fair
Somersel Holsteins & Calf Show
RABI
rymore Academy
FWAG South Wesl
Wesl Somerset Training Group
Somerset YFC Yearbook
Somer5et YFC Travel Grant
National Hedge Laying
Champlionships
Bridgwaler Flc*wer Show
Small grants under £1,000
Polden Hills Tug of War
Somersel CMA
Bridgwater & T8unlon College
Schools Fam Visrt Funding
16.000
14.500
1,450
3,000
5,000
1,250
8,000
2,150
2,100
1.650
150
200
600
500
2,750
500
700
960
1,175
8.535
54,100
Page 17

Bridgwater Agricultural Society Limited
Notes to the Flnancial Statements for the Year Ended 29 February 2024
9 Trustees remuneratlon and expenses
No trustees, nor any persons Connected wth them, have recewed any remuneration from the charity
during the year.
No trustees have received any reimbursed expenses or any other benefits from the charfty during the
year.
10 Independent examinerfs remuneratlon
2024
2023
Other foes to examinors
Examinalion-fftlated assurance services
All other seTrices
2.780
2,980
5.780
2.590
2.770
5.360
11 Taxation
The charity is a registered charrty and 18 therefore exempl from taxation.
12 Flxed asset Investments
Other investment8
Llsted
investments
Total
Cosl or Valuation
At 1 March 2023
Fair value movements
Addiliins
Disposals
Al 29 February 2024
Net book value
1,502,256 1.502,256
167.0471
167,0471
41,025
41,025
127,752
27,752
1.448,482 1,448,482
Al 29 February 2024
Al 28 February 2023
All investments shown above are held at valuation.
1,448,482 1,448,482
7,502,256 1.502,256
Page 18

Bridgwater Agricultural Society Limited
Notes to the Financial Ststsments for the Year Ended 29 February 2024
Usted Investments
The market value of the listed investments at 29 February 2024 was £1,448.48212023- £1,502.2561.
The hystoric cost of.the listed investments 8128 February 2024 was £1,039.472 (2023.. £1,026,198)
Flnancial assets held at falr value
Listed investments are measured at mark8t value with changes in value being recognised in the
slalement of financial activitie5.
The trustees consider that there were many maerial investment equty holdings at the year end, those
being..
2023
2024
DL4geo Ple Old 28 1011108p
Astrazenca PIC Ord USDO.25
BHP Group PIC Ord USDO.50 4
Glaxosmrthkline Ord G8PO.25
Prudential Ord GBPO.0S
Reckitt Benckiser Group PIC Ord GBPO.10
Relx PIC 14 511116p
Rio Tinto Ord GBPO.10
Smrths Group PIC 37 112p
Unilver PIC Ord 3.11 p
National Grmj ORD GBPO.12431289
74,050
72,377
45.390
53,267
31,493
34,986
86.525
60,948 '
39,943
61,864
39,944
30,467
42,541
35,741
43,874
32,700
49,140
88,225
78,880
50,550
45.613
51,415
40.334
62,575
68,5M
43,805
66.176
40,348
31,503
39,807
40,709
48,304
32,625
50.530
HSBC
Mondelez International
Nestle
Pepsico
STS Global
Shell Pl
The trustees also consider that there was a material investment held in Index.Linked Gilts at the
year*nd, this being UK Treasury 1.25UA IDXJLKD 2211112032 al value of £46.700 (2023 £45,678>.
The trustees also ¢onsider there was a material investment held in Bond Funds at the year*nd. this
being Invesco Fund Managers Corporate Bond Y INC al value of £32.12812023 £31,150).
Page 19

Bridgwater Agricultural Society Limlted
Notes to the Financlal Statements for the Year Ended 29 February 2024
13 Debtors
2024
2023
Accrued income
5,5(
4,579
14 Creditors: amounts falling due wlthin one year
2024
2023
Accruals
7.301
7,668
15 Fund8
Balance at
29 February
2024
Balance at 1
March 2023
Incoming
resources
Rgsources
expended
Unrestricted funds
General
1,538,743
54,144
191,845
1,501.042
Balance at
28 February
2023
Balance at 1
March 2022
Incomlng
resources
Re50urce$
expended
Unrestricted funds
General
1,563,656
52,'e55
(77,568
1.538,743
16 Analysis of net assets between funds
Total fund$
at29
February
2024
Unrestricted
funds
General
Fixed asset investments
Current assets
CurTenl liabilities
1,448,482
59,861
(7.301}
1.501,042
1.448,482
59,861
17.3011
1,501,042
Total net assets
Page 20

Brldgwater Agricultural Society Lim ited
Notes to the Financial Statements for the Year Ended 29 February 2024
Total funds
at28
February
2023
Unrestricted
funds
General
Fixed asset inveslments
Current assets
Current liabilities
1,502.256
44.155
17,668)
1.538,743
1,502,256
44.155
7,688
Total net 28sels
1.538,743
17 R8lated party tran5aGtions
During the year the charity ma(Je the following related party Iransadions..
Mrs M Adams
Mrs M Adams received an honorarium of £1.667 {2023.. £2,500). Mrs Adams was company secretsry
until her resignation on 28 September 2023.
Al the balance sheet dale the amount due tolfrom Mrs M Adams was £Nil12023- £Nill.
Page 21

Bridgwater Agricultural Society Limited
Statement of Financial Activities by fund for the Year Ended 29 February 2024
Unrestricted Funds
Total
Total
Unrestricted Unrestricted
Funds
Funds
2024
2023
Incomo and Endowmgnts from:
Donations and legacles
Investment income
54,136
52,647
TDtsI income
54,144
52,655
Exptrnditure on:
Raising funds
Charitsble aclivitles
110,424)
129,802
111.3241
78,5351
Total expenditure
Net incomellexpenditure)
Other recognlsed gains and losses
Gainslllossesl on investrnenl assets
Nel movement in funds
140.226
189,8591
13,918
137,2041
151,619)
12.291
137.7011
(24,9131
Reconclllation of funds
Total funds brought forward
Total lund5 carried fornard
1,538,743
1,501.042
1,563,656
1,538.743
Thls page does not fonn part of the slatulory financial slalements.
Page 22

Bridgwater Agricultural Society Limited
Delalled Statement of Financlal Activiti8s for the Year Ended 29 February 2024
Totsl
Total
2024
2023
Incorne and Endowments from:
Donations and legacies lanatysed below)
Investment income lanalysed beh)wl
Total income
54,136
52,647
54,144
52.655
Expenditure on:
Raising funds lanalysed below)
Charitable activities lanalysed below)
Total expendrture
Nel incomel(expendlturel
Other recognised gains and losses
Gainslllos8èsI on investment assets
Nel movement in funds
110,424)
129.802
(11.324)
178,535
40.226)
8Y,859
13.918
137.204)
151.619
12.291
137,701)
124,913}
Reconciliation of funds
Totsl funds broughl forward
Total funds carried forward
1,538,743
1,501,042
1,563,656
1.S38.743
This page does not fom part of the ststutory financial statement5.
Page 23

Bridgwater Agricultural Society Llmited
Detalled Statement of Financlal Activities for the Year Ended 29 February 2024
Total
2024
Totsl
2023
Donations and legacles
Appeals and donalrons
Invesbnent Income
Income from listed investments
Interest on c85h deposits
52,875
1.261
51.894
753
54,136
52.647
Raising lunds
Portfolio management eosts
Casual wages
Printing, postage and stationery
Sundry expenses
Lègal and professional fee8
17,109}
{1,6671
(7,1911
12,5001
(531
11,567)
113
11,635}
13
10.424
11,324
Charftable actlvltles
Grants payable in$titulion8
Grants payable - indwiduals
Independent examinerfs fee
Other interest payab
{8,5351
115,5001
15.760)
171
129,8021
154,1001
{19,0751
15,3601
178.535
This page does not foryn p8rt of the st8tLrtory financial statements.
Page 24

Bridgwater Agricultural Society Limited
Detailed Ststsment of Financial Activities for the Year Ended 29 February 2024
Total
Total
2024
2023
Oonatlons and legacies
Appeals and donations
Investment income
Incorne from listed investments
Interest on cash deposits
52.875
1.261
51,894
753
54,136
52,647
Ralsing funds
Portfglio management costs
Casu81 wages
Printing. postage and stationery
Sundry expenses
Leg81 and professional fees
(7,109)
{1,6671
17.1911
{2.5001
{53)
11,5671
1131
(11.3241
11.635)
13
10,424
Charitsble actlvltles
Grants payable institution5
Grants payable - individLtals
Independent examinerfs fee
Other interest payabl8
18.5351
{15.5001
15.7601
(71
129,802
{54,100)
119,075)
15.360)
178,535
Thi5 page does not fom) part of the ststutory financial $tstements.
Page 25