NORTH DEVON AGRICULTURAL SOCIETY
Financial health, per its FY2023 accounts
The accounts state that the charity reported a deficit of £97,504 for the year ended 31 October 2023, reducing unrestricted reserves to £42,897. The trustees note that reserves have been depleted by cancelled shows and recent financial pressures, describing a situation where expenditure exceeded income in three of the previous four years. However, the trustees consider the current state of finances to be sound, citing asset backing as a safeguard for future operations.
What the accounts disclose
“The aim of the society was and is to hold sufficient reserves to be able to cover two consecutive shows.” — page 6
Trustees
- MARK JOHN LEYchair
- Alice Catherine Watson
- Amber Buckpitt
- Brenda Savery
- Charles Boundy
- Chris Dart
- DAVID SYDNEY JOHN SNOW
- ELIZABETH JAYNE QUICK
- GRAHAM FERNLEY GEORGE KIVELL
- GRANIA TIFFANY PHILLIPS
- HENRY GEORGE DART
- IAN ALLIN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £325k | £291k |
| 31/10/2024 | £303k | £278k |
| 31/10/2023 | £231k | £328k |
| 31/10/2022 | £322k | £305k |
| 31/10/2021 | £24k | £72k |
Common questions
Is NORTH DEVON AGRICULTURAL SOCIETY financially healthy?
The accounts state that the charity reported a deficit of £97,504 for the year ended 31 October 2023, reducing unrestricted reserves to £42,897. The trustees note that reserves have been depleted by cancelled shows and recent financial pressures, describing a situation where expenditure exceeded income in three of the previous four years. However, the trustees consider the current state of finances to be sound, citing asset backing as a safeguard for future operations. Its FY2023 accounts were independently examined.