Company Registration No. 2073471 (England and Walosl
Charity Reglstratlon No. 702372
SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
CONTENTS
Page
Truslees report
Independent examinerfs report
statement of financial activities
Balance sheet
Notes to the financial statements
6-16

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr N Sadler
Mr P Thorneycroft
Mrs D Evans
Mr D Parsons
Mr S Rouse
Mr D Edwards
{Appointed 12 March 2023)
(Appointed l March 2023)
(Appointed 1 March 2023)
Secretary
Mr N Sadler
Charlty number
702372
Company number
2073471
Reglstered offlce
The Agricultural Showground
Berwick Road
Shrewsbury
Shropshire
SY1 2PF
Indep6ndent examlner
James Holyoak & Parker Limited
1 Knights Court
Archers Way
Baltlefield Enterprise Park
Shrewsbury
SY1 3GA
Soclety Presldent
Mrs Margaret Thrower
Bankers
HSBC
33 - 36 High Street
Shrewsbury
Shropshire
SY11SL

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the
financial statements and comply with the society's governing document, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)" (effective 1 January 2019).
Objectlves and actlvltle5
Charltable obJe¢tlves
To promote agrÉcullure and all of its various branches, encourage skill and industry in all of its trades, crafts and
professions and to hold an annual show to help to promote all of the above.
Short term objectlves
The main objective in 2023 was to recover from the effects of flooding in late 22 and early 23 and also to re-
establish the Society as il recovered from the effects of COVID-19. This was being led by a five-year business plan
which we have put into practice.
The trustees are constantly mindful of the fact that our success and indeed failure is very much subject lo the
vagaries of the climate. We have been really fortunate wlh the weather for the Show over the last few years and
this year's event did, in fact, make a small loss and the Bonfire and Fireworks night was difficult as the weather was
very poor.
Camping and cgravanning continues to be a main income stream,. We contlnue to increase the numb8r of
permanent electric hook-ups for caravanning leading to a growth in the number of hirers and return bookings.
The Charity Shops, now numberlng six, continue to be very successful and, combined with the surplus stock
donated from the weekly car boot sales, produce a healthy income which provides a cash flow during the winter
months when events are less frequent and also take away some of the pressure caused by our susceplitility to
winter flooding.
The prime objective of the trustees remains the delivery of an annual County Show and every other activlty at the
Showground is towards this end. The trustees are however aware of their responsibilities to the farming community
in Shropshire and, although we had to curtail payments during the main COVID period, we are now financially
sound enough again to provide funding in the form of bursaries to agricultural students who are studying in the
county, we are also underpinning the Shropshire Federation of Young Famiers Clubs in various ways and Village
Halls continue to be supported via the Communily Council of Shropshire.
Volunteers
The Show is organised into sections.. Horse, Callle, Sheep, Poultry, Marketing, Membeiship. Food Hall and Gates,
each seclion has an organising committee who report to the Show Chairman, Mr Neale Sadler. Volunteers provide a
very considerable contribution to the Society in assisting with the preparations and running of the County Show, but
also at a number of other fundraising events on the Showground throughout the year.
Trustees contribute a considerable level of time in their task of running the Sociely. The benefit to the Society of the
work of the Trustees, Section committees and Volunleeis is significant in helping to reduce costs.
Achlevements and performance
The 2023 show, was a successful show with a good attendan￿. Based upon the very positive feedback we
received about the show, it was a major success.
Financially, we are on a stable fooling, and we are now looking towards further improvements to Showground,
although electricity costs remain a signifi'cant concern.

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Financlal review
Rlsk management
The major risks, lo which the charity is exposed. as identified by the Trustees, have been reviewed and systems
have been established to manage those risks.
Structure, governance and management
The society is a company limited by guarantee and a registered charity governed by its memorandum and articles of
association.
Every member of the Sociely has guaranteed to contribute up to £10 in the event of a winding up.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the dale of signature of the financial statements were..
Mr N Sadler
Mr P Thorneycroft
MrB D Evans
Mr D Parsons
Mr S Rouse
Mr D Edwards
{Appointed 12 March 2023)
(Appointed 1 March 2023)
(Appointed 1 March 2023)
Trustees who are appointed are required to be subscribing members of the Society and duly elected by a meeting
of Ihe Trustee Board. Trustees are recruited for their expertise in a variety of fields relevant to the activities of the
Society,. these include agriculture, education, advertising and commercial experience and finance. The Society
requires Trustees lo be familiar with company law and charity law as it applies to the activities of the Society and
where induction is required Ihis is provided by the voluntary sector support unil of Shropshire Community Support.
The Trustees meet bi-monlhly and at each meeting review forecast income and expendilufe over the preceding
months as well as commitments to expenditure and projected income over the succeeding two months.
We continue to seek new Trustees, particularly those with a financial background to fill the Treasurer's role
although, as we have now moved over to a new accounting syslem which ensures that our financial statements are
much easier to produce and are far more accurate. we see this role now as being a Management Accounting role
rather than the more Iraditional 'Treasurer'
The trustees report was approved by the Board of Trustees.
Mr N Sadler
Trustee
9 September 2024

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL
SOCIETY
I report to the trustees on my examination of the financial statements of Shropshire and West Midlands Agricultural
Society (the society) for the year ended 31 December 2023.
Responslblllties and basis of report
As the trustees of the society (and also its directors for the purposes of company law) you are responsible for the
preparation of the financial statements in accordance wilh the requirements of the Companies Act 20C6 (the 2006
Act).
Having satisfied myself that the financial statements of the society are not required to be audited under Part 16 01
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the society's
financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 145151(b}
of the 2011 Act.
Independent examlner's statement
Since the society's gross income exceeded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of IENTER
IN DATABASE cy10151, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the society as required by section 386 of the 2006 Act., or
the financial statements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK an
Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination lo which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
James Holyoak & Parker Llmited
1 Knights Court
Archers Way
Battlefield Enterprise Park
Shrewsbury
SY13GA
Daled.. 9 September 2024

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
funds
2023
Unrestrlcted
funds
2022
Notes
Income and endowments from:
Donations and legacies
arita
Show
Shops
624
450
297,761
358,005
253,267
292,455
Other trading activities
Investments
other income
142,364
836
1,830
188,171
2,333
Total income
801.420
736,676
Expendlture on:
Cost of show
Cost of shops
Other expenses
Governance
133,204
293,696
381,184
19,737
159,423
211,503
377,481
5,718
Total charitable &xpgndlture
827,821
754,125
Total expendlture
827,821
754,125
Net expendlture and movem8nt In funds
(28,401)
(17,4491
Reconciliatlon of funds:
Fund balances at 1 January 2023
179,108
196,557
Fund balances at 31 December 2023
152,707
179,108
The statement of financial aclivities includes all gains and losses recognised in ihe year. All income and expenditure
derive from continuing activities.

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
BALANCE SHEET
AS A T 31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assets
14
86,971
104,510
Current assets
Stocks
Debtors
Cash at bank and in hand
15
16
2,170
17.353
111.694
3,140
18,249
188,261
131.217
Credltors: amounts falling due wlthln
one year
189,650
18
{42.981)
{75,052)
Net current assets
88,236
114,598
Total assets less current Ilabllitles
175,207
219,108
Credltors: amounts falllng due after
more than one year
19
(22,500)
(40,000)
Net assets
152,707
179,108
The funds of the 8oclety
Unrestricted lunds
21
152,707
179,108
152,707
179,108
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 December 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question In
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the twstees on 9 September 2024
Mr N Sadler
Trustee
Company registration number 2073471 (England and Wales)

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
Crltlcal acGountlng estimates and judgements
In the application of the society's accounting policies, the trustees are required to make judgemenls, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered lo be relevant. Actual results may differ from these estimate5.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
estimates are recognised in the period in which Ihe estimate is revised where the revision affects ￿lY that
period, or in the period of the revision and future periods where the revision affects both currenl and future
periods.
Accountlng pollcies
Charlty infomiatlon
Shropshire and West Midlands Agricultural Society is a private company limited by guarantee incorporated in
England and Wales. The registered office is The Agricultural Showground, Bemick Road, Shrewsbury,
Shropshire, SY12PF.
2.1 Accountlng conventlon
The financial statements have been prepared in accordance with the sociely's Igoverning documentl, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement ol
Recommended Praclice applicable to charities preparing their accounts in accordance wilh the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 20191. The
society is a Public Benefit Entity as defined by FRS 102.
The society has taken advantage of the provisions In the SORP for charities not to prepare a Statement of
Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the sociely. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The princlpal accounling
policies adopted are set out below.
2.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the society
has adequate resources to continue in operational exislence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and use5 of the reslricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
society.
2.4 Incorne
Income is recognised when the society is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Ac¢ountlng policles
(Continued)
Cash donations are recognised on receipt Other donations are recognised once the society has been notified
of the donation, unless perf0mlan￿ Gonditions require deferral of the amount. Income tax recoverable in
relation to donation5 received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or othewse if the society has been nolified of an impending distribution.
the amount is known. and receipt is expected. If the amount is not known, the legacy is Irealed as a
contingenl asset.
All membership subscriptions are credited as received. Sponsorship income normally takes account of in
kind" assistance including loans of equipment made free of charge. Costs would normally have been
increased by the same amount as if we had paid for these items. However, for these accounts those figures
have not been included.
Where goods, services and labour are provid8d free of charge and the value can be reasonably quantified, an
appropriate amount of voluntary income is recognised in Ihe Statement of Financial Activities and is matched
by an equivalent amount under an appropriate heading.
2.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligalion to transfer economic benefit to a
third party, it is probable that a Ifansfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by 8clivity. The costs of each activity are made up of the total of dIr￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs atlribulable to a single
activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and
support costs which are not allrtbutable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Cenlral staff costs are allocaled on the basis of time spent, and
depiecialion charge5 are allocated on the portion of the asset's use.
2.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequenlly measured at cost or valuation, net ol
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following ba5es'.
Property Improvements
Show ground equipment
Trophies and cups
Computers
Motor vehicles
10% on cost
1 OOA on cost
Not depreciated
20C/o to 330/0 on c05t
20% on cost
The gain or105s arising on the disposal of an asset is determined as Ihe difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
Depreciation is not charged within the year of acquisition.
The trophies and cups held by the society are included within tangible fixed assets at market value.

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
(Continued)
2.7 Impalrment of flxed assets
At each reporting end date, the society reviews the carrying amounts of its tangible assets to detemiine
whether there is any indication that those assets have Suffered an impairment loss. If any such indication
exists, the recoverable amounl of the asset is estimated in order to determine the extent of the impairment
loss {if any).
2.8 stocks
Slocks are stated at the lower of cost and estimated selling price less costs to Complete and sell. Cost
comprises direct materials and, where applicable. direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacemenl cost and c05t.
Net realisable value is the estimated selling price less all eslimated costs of completion and costs to be
incurred in marketing, selling and distribution.
2.9 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
inveslments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
2.10 Financial Instruments
The soclety has elecled lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the socieltys balance sheet when the society becomes party to the
contractual provisions of the instrumenl.
Financial assets and liabilities are offset, with the net amounts presented in Ihe financial statements, when
Ihere is a legally enforceable righl to set off the recognised amounts and there is an intention to seltle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc financlal assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently Carried at amortised cost using the effective
interest melhod unless the arrangement constilutes a financing Iransaclion. where the transaction is
measured at the present value of the future receipts discounted at a markel rate of inlerest. Financial assets
classified as receivable within one year are not amortised.
Basic financlal liabilltles
Basic financial liabi5ities. including creditors and bank loans are initially recogni5ed at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabililies if paymenl is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the society's contraclual obligation5 expire or are discharged or
cancelled.

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcies
{Contlnued)
2.11 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are
received.
Termination benefits are recognised immediately as an expense when the society is demonstrably committed
to terminate the employmenl of an employee or to provide termination benefits.
2.12 Retirement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall du8.
Income from donatlons and legacles
Unrestrlcted
funds
2023
Unrestrlcted
funds
2022
Donations and gifts
624
450
Income from char5table actlvltles
Unrestricted
funds
2023
Unrestrlcted
funds
2022
Show
Sale of goods
297,761
253,267
Shops
Sale of goods
Gift Aid
347,508
10,497
288,926
3,529
655,766
545,722
Income from other tradlng actlvltles
Unrestricted Unrestrlcted
funds
funds
2023
2022
Letting income
Fundraising events
89,895
52,469
134,883
53,288
other activities for generating funds
142,364
188,171

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from Investments
Unrestricted Unrestricted
funds
funds
2023
2022
Interest receivable
836
Other Incomg
Unrestrlcted Unrestricted
funds
funds
2023
2022
Government support grants for coronavirus
Rent for pod
2,333
1,830
1,830
2,333
Grants payable
Cost of
show
2023
Grants to the community..
other
4,616
10-

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Charltable activities
Cost of
show
2023
Cost of
shops
2023
Other Governance
expenses
2023
Total
2023
Total
2022
2023
Staff costs
Depreciation
Show
Telephone
License *ees
Postage and stationery
Repairs and maintenance
Ground maintenance
Rates and water
Light and heat
Insurance
IT and SOf￿are
Rent
Bank charges
Interest payable
Advertising and publicity
Professional fees
Other expenses
182.604
138,311
22,084
4,240
2,329
1,191
3,140
40,695
17.708
170
60,062
13.417
12.447
9,625
3,682
3,897
25,096
320,915
22,084
132,828
5,360
1,191
10,305
40.S95
17,708
170
70,797
13,417
12,447
65,315
3,682
3,897
25,096
3,500
73,798
264,575
22,509
159,423
3,090
1,401
7,328
46,224
17,778
278
60,101
11,339
5,348
73,298
3,175
3,191
19,607
3,240
52,220
128,588
3,031
7,165
10,735
55,690
3,500
16,237
34,471
23,090
128,588
293.698
381,184
19.737
823,205
754,125
Grant funding of activities
(see note 8)
4,616
4,616
133,204
293,696
381,184
19,737
827,821
754,125
11

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Charitable aGtivities
(Contlnued
For the year ended 31 December 2022
Cost ol
show
Cost of
shops
other Governance
expenses
Total
2022
staff costs
Depreciation and impairment
Show
Telephone
License fees
Postage and stationery
Repairs and maintenance
Ground maintenance
Rates and wat8r
Lighl and heat
Insurance
IT and software
Renl
Bank charges
Interest payable
Advertising and publicity
Professional fees
other Gharitable expenditure
121,786
142,789
22,509
264,575
22,509
159,423
3,090
1,401
7,328
46,224
17,778
278
60,101
11,339
5,348
73,298
3,175
3,191
19,607
3,240
52,220
159.423
2.268
822
1,401
2,813
46,224
17,778
278
44,428
11,339
5,348
26,250
3,175
3,191
19,607
4,515
15,673
47,048
3,240
2,478
20,213
29,529
159.423
211,503
377,481
5,718
754,125
159,423
211,503
377,481
5,718
754,125
Analysis by fund
Unrestricted funds
159,423
211,503
377,481
5,718
754,125
10 Net movement In funds
2023
2022
The net movement in funds is stated after chargingl(crediting)-
Depreciation of owned tangible fixed assets
22,084
22,509
11 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
society during the year.
12-

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
12 Employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
Administration
Shop
17
13
Total
19
15
Employment costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
290,601
11,721
4,593
249,434
10,878
4,263
306,915
264,575
There were no employees whose annual remuneration was more than £60.000.
13 Taxation
The charity is exempt from taxation on ils activities because all ils income is applied for charitable purposes.
14 Tangible fixed assets
Property Showground Trophies and
Improvements
8quipment
cups
Computsrs
Motor
v8hlc19S
Total
Cost
At 1 January 2023
Additions
125.321
104,479
1,733
21,536
25,358
2,813
39,123
315,817
4,546
At 31 December 2023
125,321
106,212
21,536
28,171
39,123
320,363
Depreclation and
impalrment
At 1 January 2023
Depreciation charged in the
year
77.747
80,623
22.021
30,917
211,308
11,693
4,243
3,271
2,877
22,084
At 31 December 2023
89,440
84,866
25,292
33,794
233,392
Carrylng amount
At 31 December 2023
35,881
21,346
21.536
2.879
5,329
86,971
At 31 December 2022
47,574
23.856
21,536
3.338
8,206
104,510
13-

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
15 Stocks
2023
2022
Finished goods and goods for resale
2.170
3,140
16 Debtors
2023
2022
Amounts falling due wlthln one year:
Trade debtors
Prepayments and accrued income
1,580
15,773
17,329
920
17,353
18,249
17 Loans and overdrafts
2023
2022
Bank loans
37,500
55,000
Payable within one year
Payable after one year
15,000
22,500
15,000
40,000
18 Credltors: amounts falllng due wlthln one year
2023
2022
Notes
Bank loans
Other taxation and social security
Trade creditors
Accruals and deferred income
17
15,000
15,000
12,639
18.168
29,245
10.721
17,260
42,981
75,052
19 Credltors: amounts falling due after more than one year
2023
2022
Notes
Bank loans
17
22,500
40,000
14-

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
20 Retirement benefit schemes
Deflned contrlbutlon schemes
2023
2022
Charge to profit or loss in respect of defi'ned conlribulion schemes
4,593
4,263
The society operates a defi'ned contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the society in an independently administered fund.
21 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and granlors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2023
Incomlng
resources
Resources
expended
At31
December
2023
General funds
179,108
801,420
(827,821)
152,707
Previous year".
At 1 January
2022
Incoming
resources
Resources
expended
At31
December
2022
General funds
196,557
736,676
(754,1251
179,108
15-

SHROPSHIRE AND WEST MIDLANDS AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
22 Operatlng lease commltments
At the reporting end dale the society had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2023
2022
Within one year
Between two and five years
11,500
2,875
23,500
14,375
14,375
37,875
16-