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2023-12-31-accounts

Company
inf
ormation
Constitution: East of England Agricultural Society is a company limited by guarantee and a
chadty governed by its Memorandum and Articles of Association, incorporated
on 7October 1981in England, with the last amendment on 21 February 2023
Charity registration 283564
number.
Company 01589922
registration
number.
Registered office: FitzRoy House
East ofEngland Showground
Peterborough
PE26XE
Email: infoeastofengland. org.uk
Web:
.ea
f and. .uk
Trustees at the CD Reynolds - Chairman
date the report SFRoberts - Vice Chauman
was approved: The Hon. GP P
TG Foottit
Bowyer
N PRome
PJWallace
A CWhite
Interim Chief A Beattie
Executive Officer.
Auditors: Azets
Westpoint
Lynch Wood
Peterborough
PE2 6FZ
Solicitors: Mishcon de Reya LLP
Merlin Place
Milton Road
Cambridge
CB4ODP
Bankers: Santander UK Plc
1-4Long Causeway
Peterborough
PE1 1YD

Report ofthe Trustees
Independent
auditor's
report 18
Statement
offinancial
activities 21
(incorporating
an income and expenditure
account)
Balance sheet 22
Cash flow statement 23
Principal accounting
policies
24
Notes to the financial statements 28
History 38
Council members
and
officials

Trustee Meetings attended Out ofpossible
CD Reynolds —Chainuan 7 7
SFRoberts - Vice Chainuan 5 7
The Hon. GP PBowyer 7 7
RC Bramley 4 4
TG Foottit 3 3
C M Guest 1 4
HJMitchell 6 7
J RParrish 5 5
N PRome 7 7
PJWallace 3 3
A C White 6 7

Period ended 31December 2023 2022
Net expenditure
on charitable
activities
Shows
$,000
314
$,000
307
Technical and educational
activities
375 296
Membership 8 17
Total net expendinue
on charitable
activities
697 620

Yeat ending Year ending
31December 31December
2023 2022
Unrestricted Restricted Total Total
Note Funds Funds Funds Funds
Incoming resources:
Income from generated funds:
-Voluntary
Income
5,859 1,065 6,924 378
-Grants
-Trading activities
—Investment
income
302&874
152,660
255
49~
303,129
201,923
303,658
133,585
461@93 50,583 511,976 437,621
Income from charitable activities:
-Shows 240480 240,380 573,268
-Technical and educational activities 24,501 24,501 65,273
-Membership 5,658 5,658 6,382
270&539 270,539 644,923
Proat on disposal ofaxed assets 1
Other income 9,388 9,388 18,448
Total income 741420 50,583 791,903 1,100,993
Resources expended: 2b
Costs ofgenemting
funds:
-Fundraising
trading: cost
ofgoods sold
and othet costs 10&371 10,371 1,904
—Investment
management
costs 26/02 10,705 37,007 40,570
36,673 10,705 47/78 42,474
Charitable
activities:
-Sho~s 554,655 554,655 880,687
-Technical and educational activities 64,907 334,921 399,828 361,254
-Membership 13,901 13&901 23,779
633,463 334,921 968484 1,265,720
Governance
and strategy
costs 321,402 321,402 305,699
Impairment
to non-current
assets 9,668
Total resources expended 991,538 345,626 1437&164 1,623,561
Net expenditure (250,218) (295,043) (545,261) (522,568)
Net gains (losses) on investments:
Total gains posses) on investments 226,486 86,846 313&332 (672,526)
Net movement
in funds
(23,732) (208,197) (231,929) (1,195,094)
Total funds brought
forward
9,102,272 2,083,812 11,186,084 12,381,178
Total funds carried forwatd 9,078,540 1,875,615 10,954,155 11,186,084

Company
number
01589922 01589922
31December 31December 31December 31December
Note 2023 2023 2022 2022
Fixed assets
Tangible assets 4 3,175,988 3,184,259
Invesnnents
—Listed
sa 5,532,706 5,455,009
Investment
—Unlisted
5b 4,000 4,000
Current assets 8,712,694 8,643268
Debtors due in less than one year 117/10 201,089
Cash at bank and in hand 2,297,302 2,552,103
2,414,612 2,753,192
Creditors: amounts falling due
within one year 173,151 210,376
Net current assets 2r241,461 2,542,816
Net assets 10,954,155 11,186,084
Represented
by:
Unrestdcted
funds
General teserve 9,075@69 9,102,272
Designated
funds
10 3,171
11 9,078,540 9,102,272
Restricted funds
Marshal Papworth Fund 12 1,858,015 2,066,212
Endowment
funda
Understanding
British
Agriculture 13 17,600 17,600
10,954,155 11,186,084

Year Year
Ended ended
31December 31December
Note 2023 2022
Cash used in operating activities 14 (690@59) (741,832)
Cash flows from investing activities
Purchase oftangible Bxed
Sale oftangible Bred assets
assets (2,000) (20,186)
1
Purchase ofinvestments
Sale ofinvestments
(1,421,672)
1,657/07
(1,891,029)
1,521,904
Dividends
received
124,951 119,280
Intetest received 76,972 14,305
Cash pmvided
investing
activities 435,558 (255,725)
Decrease in cash in the period (254,801) (997,557)
Opening cash at the beginning ofthe period 2,552,103 3,549,660
Closing cash at the end of the period 21297402 2,552,103

Year ended Year ended
31December 31December
2023 2022
a Administrative expenses
Staffcosts (seecbrlowi 435,337 451,912
Establishment charges 287,733 248,334
723&070 700,246
b Expenditure Staff Direct Support Depreci- Total
costs cos'ts costs ation 2023
Cost ofnusiug funds
Fundraising
trading costofgoods sold
7,665 2,526 181 10372
and other costs
investment
management
9,608 25,005 2,166 371006
17,273 25,005 41692 408 47478
Charitable
activities
Shows 211&944 270,163 67,548 5,000 5541655
Technical and educational activities 44,471 345,546 8,762 1,049 399,828
Membership
fees
10,'792 21854 255 13,901
267/07 615,709 79,164 6,304 968,384
Governance
and strategy costs
150,857 134,723 32&263 3,559 321,402
Total resources expended 435~7 775,437 116,119 10/71 4337&164

Expcndinuc Expcndinuc Staff Direct Support Depreciation Total
costs costs costs 2022
Costofraising funds
Fundraising trading: costofgoods sold 1,904
and other costs
Investment management 12,062 25,301 3207 40,570
12,062 25,301 5,111 42,474
Charitable acttvities
Shows 251,027 529237 90,650 9,772 880,687
Technical and educational activities 71,541 271,945 16,039 1,729 361,254
Membership fees 17,791 5,406 583 23,779
340359 801,182 112,095 12,084 1,265,720
Governance and strategy costs 99,491 177/54 27,608 1,346 305,699
Impairment ofnon-current assets 9,668 9,668
451,912 1,003,737 144,814 23,098 1,623,561

Staffcosts Year ended Year ended
31Decembet 31December
2023 2022
Wages, salaries and expenses 378,365 396,382
Social security costs 28,601 29332
Other pension costs —dedned conttibution costs undet new scheme 28@71 26,198
435A7 451,912
Year ended Year ended
31Decembet 31December
2023 2022
Number Number
The monthly average number ofemployees 12

Year ended Year ended
31December 31December
2023 2022
Number Number
Ofdce and management 10
10
Year ended Year ended
31December 31December
2023 2022
Number Number
$60,001 to $70,000
+0,001 to $80,000
$80,001 to $90,000

Year ended Year ended
31December 31December
2023 2022
Remuneration ofthe seniot management team 261,195 272,831

Year ended Yeat ended
31December 31December
2023 2022
Investment
income
Listed investments 124,951 119480
Bank interest 76,972 14,305
201,923 133,585
Tangible fixed assets
Freehold Arena Ofr&ee
land and building and Showground Showground Furniture
buildings Surrounds development equipment and Stungs Total
The company
Cost or valuation
At 1Janumy 2023 368,908 9,664&910 6&616&388 247367 153,784 17,051&557
Additions 2&000 2,000
Disposals (13,612) (24&531) (38&143)
At 31December 2023 368,908 9,664,910 6&616388 235&955 129,253 17&015,414
Depreciation
At 1Januaty 2023 1,552 7&914,910 5,616,388 240379 94&069 13&867,298
Pmvided
in the period
2,197 8&074 10471
Eliminated
on Disposal
(13,612) (24&531) (38&143)
At 31December 2023 1,552 7,914,910 5&616388 228,964 77,612 13&839,426
Net book value
At 31December 2023 367,356 1&750&000 1,000,000 6,991 51,641 3,175,988
At 31December 2022 367,356 1&750,000 1&000,000 7&188 59,715 3,184,259

)
Listed
investmen ts
-at market value
31December 31December
2023 2022
Market value brought forward 5,455,009 5,758,410
Additions
at cost or transfer value
Proceeds
Losses (gaius) on investments
1,485&346
(1,657/07)
313432
1,881,756
(1,521,904)
(672,525)
(Decrease) increase in cash invested (63,674) 9/72
5,532,706 5,455,009
Historical cost 4,964,117 4,948,288

31December 31December 31December 31December
2023 2023 2022 2022
Cash deposits 72,745 1.3 136,419 2.5
Bonds aud gilts 796PAi2 14.4 603,886 11.1
Alternatives 626@06 11.4 749,629 13.7
UK equity funds 825,896 14.9 1,290,537 23.7
UKpropeny
funds
Overseas equity funds
144/85
3,067~
2.6
55.4
137,218
2637,320
2.5
46.5
5,532,706 5,455,009

31December 31December 31December 31December
2023 2023 2022 2022
COIF Charities Investment Fund 989,164 17.9'/o 905,918 16.6%
b) Unlisted investment -at cost
31December 31December
The gmup aud company 2023 2022
Land at Upwood Farm 4,000 4,000

31December 31December
2023 2022
Amounts
due
in less than one year:
Trade debtors 34,244 65,253
Other debtors 28,025 33,578
Prepaymeuts and accrued income 55,041 102758
117410 201,089

31December 31December
2023 2022
Trade creditors 29@51 67,176
Social security aod other taxes 13,724 8,034
Other creditors 1,825
Accruals
and deferred income
130,076 133,341
173,151 210,376

Unrestricted Restricted Endowment
funds Funds Funds Total
Tangible ftxed assets 3,175,988 3,175,988
Investments 3,647~3 1,889,463 5,536,706
Net current assets 2,255,309 (31&448) 17&600 2P41,461
Total net assets 9,078,540 1,858,015 17&600 10,954,155

Unrestricted Restricted Endowment
funds Funds Funds Total
Tangible Bxed assets 3,184,259 3,184,259
Investments 3,433,612 2,025,397 5,459,009
Net current assets 2,484,401 40,815 17,600 2,542,816
Total net assets 9,102,272 2,066,212 17,600 11,186,084

31December 31December
2023 2022
Opening balance
Increase in the period
Jake Hankins Memorial Fund 1,500
Kids Country Transport Fund 11671
Closing balance 31171

31December 31 December
2023 2022
Opening balance 9,102/72 9,815364
De5cit for the period (23,732) (713,092)
Closing balance 9,078,540 9,102472

Marshal P a pwokh
Fund
31December 31December
2023 2022
Opening balance 2,066,212 2,547414
Other income 1@20 610
Investment income 49,263 49,040
2,116,795 2,596,864
Less:
Scholarships payable (294,952) (187,351)
Investment fees (10,495) (11,180)
Management charges (27,000) (27,000)
Marketing (10&099) (10,335)
Meeting and travel expenses (2,627) (1,602)
Administration expenses (454) (394)
1,771,168 2,359,002
Gains on investments 86&847 (292,790)
Closing balance 1,858,015 2,066,212
Represented by:
Investments 1,889,463 2,025,397
Cash at bank 2,555 28,719
Debtors 44,601 69254
Creditors (78,604) (57,158)
1,858,015 2,066712

Stat ement ofFinancial Activities on the basis ofmateriality.
Year ended Year ended
31December 31December
2023 2022
Opening balance 17,600 18,600
Decrease in the period (1,000)
Closing balance 17,600 17,600

Year ended Year ended
31December 31December
2023 2022
Net movement
in funds
Depreciation
charges
Impairment
of6xed assets
(231,929)
10,271
(1,195,094)
13,430
9,668
Less investment
income
(201,923) (133,585)
(Gains) losses on investments
Pro6t on disposal of6xed assets
Decrease (increase) in debtors
Decrease in creditors
(313,332)
83,779
(37,225)
672,526
(1)
(4,531)
(104445)
Net cash outflow from operating acdvities (690459) (741,832)

Year ended Year ended
31December 31December
2023 2022
Audit services 18,000
Other professional services 360
15,000 I8360

Land Other Land Other
31 December 31December 31 December 31 December
2023 2023 2022 2022
Operating leases 9&028 8,585 8,450 9,175

Land Other Land Other
31December 31December 31December 31December
2023 2023 2022 2022
Up to 1 year 11,024 4,930 9,028 8,054
Between 1 and 5 years 44,096 4,722 44,096
Over 5 years 363,792 374,816

1986 The Rt. Hon. Robin Leigh-Pemberton, PC
1987 Frans HJJAndriessen
Esq.
Major Peter Bletsoe-Brown, TD,DL (Deputy)
1988 SirJohn Harvey-Jones,
MBE
1989 HRH The Princess Royal, GCVO
The Hon. Lady Hastings,
MPhil, MFH
(Deputy)
1990 The Earl ofDalkeith, DL
1991 SCWhitbread
Esq
1992 SitJohn Quinton
1993 The Right Hon. The Lord Pym, PC, MC, DL
1994 The Rt. Rev. William Westwood, The Lord Bishop ofPeterborough
1995 Edmund
Vestey Esq, MFH, DL
1996 SirJohn LLowther, KCVO, CBE,JP
1997 Her Majesty The Queen
HRH The Duchess ofGloucester GCVO (Deputy)
1998 Lady Victoria Leatham, DL
1999 Richard LBanks Esq.
2000 HRH The Duchess ofGloucester, GCVO
James GP Crowden Esq, KStJ,JP (Deputy)
2001 HRH The Prince ofWales, KG,KT
The Marquess
and Marchioness
ofTavistock (Deputies)
2002 Sir Philip Naylor-Leyland,
Bt.MFH
2003 Sir Ben Gill, CBE
2004 The Lord De Ramsey, DL,FRAgS. D.Sc.
2005 Robert Sturdy Esq.,MEP
2006 His Royal Highness, The Earl ofWessex
2007 The Bishop ofEly, The Right Reverend Dr Anthony Russell
2008 The Baroness Byford, DBE
2009 WJ (Bill)Jordan Esq.,MBE
2010 The Earl ofIveagh, DL
2011 The Duke ofBedford
John Scorer Esq. (Deputy)
2012 Lady IsabeUa Naylor-Leyiand,
MFH
2013 Paul Heygate Esq.
2014 Lord Taylor ofHolbeach, CBE
2015 Sir Hugh Duberly KCVO, CBE
HM Lord-Lieutenant
ofCambridgeshire
2016 David Reynolds Esq.,OBE,DL
2017 Julian Proctor Esq.,OBE
2018 The Bishop ofEly, The Right Revetend Stephen Conway
2019 The Bishop ofEly, The Right Reverend Stephen Conway
2020 Dr David Llewellyn
2021 John Holdich Esq.,OBE
2022 John Holdich Esq.,OBE
2023 James Saunders Watson Esq.,
HM Lord-Lieutenant
ofNorthamptonshire

Retire AGM 2024 Retire AGM 2025 Retire AGM 2026
Mr MRAndrew, JP ** Mr CD Reynolds MrJBehrens
Mr IBeeby Miss KWorboys Ms VBliss
Mr NJBurman ** Mt A Clarkson
Ms A Goodall ** Miss ECraven
Mr PGRHorrell, TD,DL ** Ms CDonovan
Mrs C Myland ** Mr C Guest
Mt N PRome **
Mr P Sharpley "" Mr M Middleton
Mr PJWallace Mr SFRoberts
Miss A Rome
Mr A White

SOCIETYCOMMITTEES
(as at the date the report was approved)
Chairman
ana' VieeChai
rman ofCanna'I are eee o+icio members ofall Committees
SOCIETYBOARD Chairman:
Mr CD Reynolds
Vice Chairman:
Mr SFRoberts
The Hon. GP PBowyer
Messrs TG Foottit, N PRome, PJWallace, A CWhite
AUDIT 8cRISK Chair: Mr PJWallace
Ms CDonovan
Messrs PGRHorrell, ISmith, A CWhite
BEDFORDSHIRE Chair. Mr SFranklin
SOCIAL Messrs EA Davies, A Grimes, RHedges, D Hunt,
J RParrish, W Simkins, D Tomkins, TWootton
EDUCATION Chair. vacant
KIDS COUNTRY Maes SBrotherhood,
M Bliszczak, A Goodall
Messrs LAbblitt, RDouglas, P Sibley, RSuckling
INVESTMENT Chair: MrJTurner
Messrs H RQ Atnold, TArthey, R CBramley, JDay, A H Riddington
MARSHAL Chair: MrTArthey
PAPWORTH Maes ECraven, A Townsend,
SHalder
Messrs TBW Beazley, N Goodall, SG Harris, JRParrish, RPamsh, CD Reynolds
NOMINATIONS Chair: SFRoberts
Messrs CD Reynolds, M Sly, PJWallace
PAST Messrs TBW Beazley, RCBramley, EA Davies, SG Harris, PGRHorrell, M Martm,
CHAIRMEN D Reynolds, A H Riddington,
AJ Shatpley
PROPERTY Chair. MrJSGPaton
Messrs RSG Barnweil, RC Bramley, A H Riddington
SCHOLARS Chair: Mr RWilkinson
Maes A Goodall, A Rome
Messrs TArthey, TMarrin