#
##
|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|||
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|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|
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|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|
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|||||||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|
##
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|||||||||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|
##
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##
||||||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|
##
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##
||||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||||
##
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##
||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|
##
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##
##
##
##
||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|