Charlty registratlon number 1014974 Company registration number 02756660 IEngland and Wales} HOLSWORTHY & STRATTON AGRICULTURAL ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 HOLSWORTHY & STRATTON AGRICULTURAL ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Tru•t• Mrs S Beams Mr C Rowland Mrs C H Stuck8y Mr A E J Stanbury Mrs N Howard Mr D R J Monfield Mr B 8ridgman Mr. A Medland Mrs K Stanlake Mrs S Bowden Mr P J Hawklng MrAJ Martyn Mr5 K C Bowden Mr G R Braund Mr S W Braund Mrs L Lucas Mr8 C J Buckpitt Mr N C Furse Mr J K Shepherd Mf O Petherick Mr G Johns Mr T W Dennls Mrs W E Hodggon MrTJWard M Bromell Mr W M Northcott Mr J P Hobbs Mr D S Rowland$ Mr A Mitchell Mr H J Medland Mr A K Hul¢hin9S MrJG Ley Mr R Cole MrRGGriffin Mr J W Dennls Mr N L Cloove Mr WGrigg Mr8 A Blackman Mr I S Rolinson MrJEADaw Mr R W Pillfflan Mr M J Dennis Mi W J Vanstone MrPHReed Mr M Mill Mr J M Britton Mr P J Cottle MrA J Grills Mr R Nancekivell Mr R S Priest Mr RA Symons {Appointed 6 March 2024) (Appolnted 26 January 2D24) (Appointed 28 January 2024) (Appointed 26 January 2024) (Appointed 2e January 2024) Secretary Mrs F Cleave HOLSWORTHY & STRATTON AGRICULTURAL ASSOCIATION LEGAL ANDADMINISTRATIVE INFORMATION Ctharity number 1014974 Company number 02756680 Prln¢lpal address Higher Plgsdon Faim Launcell$ 8ude Cornwall EX23 9LQ Regbtgred oifi¢• Highw Pigsdon Farrn Launcells Bude Cornwall EX23 gLQ Independent examlnor Azets Lime Court Pathfields Business Park South Morton Devon United Kingdom EX38 3LH N8tWest HOLSWORTHY South Y￿St RCSC. 740 Waterside Drive Almondsbury BS99 58D Nationwide 20, The Quay 8ideford EX39 2HE Sollcltors Peter Peter & Wrlght 6-8 Fore Slreel Holsworlhy Devon United Kingdom EX22 6EO HOLSWORTHY & STRATTON AGRICULTURAL ASSOCIATION CONTENTS Pag• Tfustees report Independent examine￿6 rewt statement of financial activlties Stat•ment ol financial posltion Note8 to the financlal s1ot8ment8 7-15 HOLSWORTHY & STRATTON AGRICULTURAL ASSOCIATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 OCTOBER 2024 Tho InJ8toes present their annual report and financial statements for the year endqd 31 Oclober 2024. The financial statements have been prepared in accordance with the accounting policies sel out In nole 1 lo the financial statements and CoM￿Y wilh the charity's Igoveming document], Ihe Companies Act 2006 and "Accounting and Reporting by CPrarities.' Statement of Recommended Practice applicable to charities Pleparing theiF accounts in attordance w5th the Flnancial Reporting Standard appllcable in the UK and Republ1¢ of Ireland {FRS 102)" {effective 1 January 2019). Objectlvos and acllvlti•8 The principle activity ol the Associallon Is the holding of a amual local agrlcultural show foi the benefft of the public in the local and surrounding are88. The Charlty makes use of around 90 volunteers who assist at the show. The Inistees are very grateful for their Support. The trustees have pald tjue regard to guidance Issued by ihe Charty Commisslon In decidlng vh)ai adlvltie$ the chgrlty should undertake. Achlevement8 •nd performanc• The results for Ihe year ale as staled In the attached financi•l statemenls. A net surplus of £21,338 was incurred thrs year {2023: £23,128 surplus). Durfn9 the year the Chaiity re¢elved bank Inte￿at totalllng £9,348 (2023: £7.317) Nel current asset¥ at the year end £346,377, with total net 888els 01 £746,811 (2023 £325,489 net curTent assets, £725,922 net assels) Flnan¢lal r•vl•w It 13 the pollcy ol the d)arity Ihat unrestrlcted fund$ which have noi been designaled for a specific use should be maintained at a level equivalent lo between three and six month's expenditure. The trustees consider that reserves at Ihis level will ensure th81, In the event ol a significant drop in funding, they will be able to ¢ontinue Ihe charity's current activllies whlle conslderalion is given to ways in which additional funds may be ralsed. This level of reserves has been mgintoined throughout Ihe year. Structure. govemance and managemont The charity is a charitable company limrted by 9uaranlee, incorporaled on 16 Odobgr 1992. It 16 govemed by memorandum and articles of assoclation daled 16 Odober 1992. The directors control the Association and make deusions which are wt into effect under thè superv181on ol appropriate sub-committees. The socretary carrte8 out Ihe Bdminlstratlv• dutie8 of the A880clation. HOLSWORTHY & STRATTON AGRICULTURALASSOCIATION TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 The trustees. who are also the directors for the purpose of compary law, and who served during the year and up to the date of signature of the flnanclal Statements Were.. Mrs S Beams Mr C Rowland Mrs C H Stuckey MrA E J Stanbury Mrs N Hr)war Mr D R J Manfield Mr B Bridgman Mr. A Medland Mrs K Stanlake Mrs S Bowden Mr P J Hawking MrA J Martyn Mrs K C Bovrtlen Mr G R BraurKI Mr S W Braund Mrs L Lucas Mrs C J Buckpltt Mr N C Fuise Mr J K Shepherd Mr O Pelherick Mr G Johns Mr T W Dennig Mrs W E Hodgson Mr T J ￿*drd M Bromell Mr W M Northcott Mr J P Hobbs Mr D S Rowlands MrA Milchell Mr H J Medland MrA K Hutching8 MrJGLey Mr R Cole Mr R G Grlffln Mr J W Dennis Mr N L Cleave Mr WGrigg Mrs A Blackman Mr I S Rolinson MrJEADaw Mr R W Pillman Mr M J Dennis Mr W J Vanstone MrPHReed Mr M Mill Mr J M Britton Mr P J Cottte MrA J Grills Mr R Nancekivell Mr R S Priest Mr R A Symons {Appolntsd 6 March 2024) (Appointed 26 January 2024) (Appointed 26 January 2024) (Appointed 26 January 2024) (Appointed 26 January 2024) HOLSWORTHY & STRArroN AGRICULTURALASSOCIATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2024 Trustees are recruiled by invltation. Trustee number5 are retslned at 52, Vifjth equal numbers 8ith.ng on the Holsowrthy and the Stratton union$. Slat•ment of Tru8t••8 r••pon$lblllties The tru$tee$, who are also the directors of Holsworthy & Stratton Agricultural Asso¢iation for the purpose of company law, are responsible for preparlng the Twstees Report and the financial statements in accordance wllh applicable law and United Kingdom Accounting Standards (United ￿'ngdoM Generally Accepted Accounting Practice>. Company Law require5 the trustees to prepare financlal statemeTrts for each financial year whlch glve 8 trua arml fair vlew of the state of affairs of the charty and of the incoming resour￿6 and applicallon of resourixs, Includlng the Income and expendlture. of the charitable company for that year. In preparing th8s• financial statemenls, the trustees are required to.. - select sultable accounting policies and then appty them consistently,. - obserrfe the melhods and principles In the Charflles SORP,. - make ludg8menl$ and estlmates that are reasonable and prudent; and - prepare the fln8￿[al stat•menl8 on Ihe golng ¢on¢em basis unle8s It Is Inappropriale to we$um8 that the charfty wlll conlinue in operation. The Irustees are responsible for keeping adequate a¢counting records that dlsclose with reasonable accuracy any tlme the finanaal position of the charity and enable them to ensure Ihat the ftnanclal statements comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the Charity and hence for taklng reasonable steps for th? preventlon and deledion of fraud arKI other irregularitles. The Trustees report was approved by the Board of Truslees. Mri S Be8m8 Mr I S Rolln80n Dale.. . a¥-. HOLSWORTHY & STRATTON AGRICULTURALASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLSWORTHY & STRATTON AGRICULTURALASSOCIATION I report to the trusteeg on my examination of the financial statements of Holsv￿rthY & Stratton Agricultural Associats'on (the charity) for the year ended 31 October 2024. ResponBlbllStlH and b•s1g of report As the Iruslees of the Charity (and also its threctors for Ihe purposes of company law) you are responsible for the preparation of the financlal statements In accordance wlth the requlrements of th8 Companles Aet 20C8 (the 2006 Act). trla¥lng satisfied myself that Ihe financial statements ot the charlty are not requlred to be audrted under Part 16 of Ihe 2006 Act and 8fe eligible for independent examlnalion, I report in respect ol my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carying out my examination I have followed all the appllcable Direcllons given by the Charlty Commisslon under section 145(5){b) oflhè 2011 Act. Ind•pend•nt •xamlner'• •tatem•nt I have cornpleted my examination. l eonfinn Ihat no m8tters have come to my attenllon in connection wlth th• examination giving me cause to belleve Ihal in any malerial respect.. accounting records were not kept In Tespecl of the charlty as requlred by section 386 01 the 2008 Ad,. or Ihe finan¢lal 8tatemen18 do nol accord with those records: or the financial statements do not ¢omply V￿th the accounting requirement$ of section 398 01 the 2006 Act olher than any requirernenl that the acCo￿t5 give a true and falr view vthlch Is not a matter consid￿ed as part of an independent examination.. or Ihe 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 charltles preparing thelr accounts in •ccor(Jance with the Financial Reporting Slandard applicable In the UK Republic of Ireland {FRS 1021. I have no concem3 and have come across no other matters In connection VAth the ex8minatlon to ￿1¢h attentlon should be drawn in this report in order to enabte a proper understanding of Ihe financial statements to be reached. Azots Elizabeth Smilh ACA FCCA CTA Llme Court Pathfields 8uslne95 Park South Moiton Devon EX36 3LH United Klngdom Dated.. ... HOLSWORTHY & STRATTON AGRICULTURAL ASSOCIATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 Unrestrlcted Unmtrlcted fund8 fundg 2024 2023 Not•8 tk)nations and legacies Charltable 8ctivitle8 Investments other income 1,972 104,736 .348 2.917 1,355 111,443 7,317 881 Total incom• 118,973 120,998 10 Charilabl8 aclivits'es 98,085 97,868 Net Income lor t￿ yearl Not mov•ment in fund• 20,888 23.128 Fund balan￿5 at 1 Novembei 2023 725,923 702,794 Fund balanc•s at 31 October 2024 746,811 725.922 Thg Ilat•ment of flnanclal actIvI￿e3 Includeb all galns and105￿ re¢ognl8ed In th• year. All Income and expendmure derlve from contlnuing actlvlties, The statement of finanaal activltiès also complles wlth Ihe requirements lor ￿ Income and expenditure account und8f the CompanlesAcl 2008. HOLSWORTHY & STRATTON AGRICULTURALASSOCIATION STATEMENT OF FINANCIAL POSITION AS AT31 OCTOBER 2024 2024 2023 Flxed assets Tangible assets 400.434 400,433 Curf•nt assets stocks Debtors Cash at bank 8nd In hand 12 13 1.135 749 346,353 1.179 25 326.185 348,237 327,389 Credltor•: *mount• falllng du• wlthln one year 15 (1.860) (1.900> Net ￿rrent assets 346,377 325.489 Total 018•ts less curr•nt Il•bllltle• 746,811 725,922 Income funds General unrestricted funds Share capital 20,888 725,923 23.128 702.794 746,811 725,922 746.811 725,922 The company Is entitled to the exemption from the audit requirement contahed in se￿10n 477 of the Companies Act 2006. for the yeer ended 31 October 2024. The directors acknowledge thelr ￿sPonSibl1111eS for complying wlih the requlrements of the Companles Act 2006 with respect to accounting records and the preparation of financial statement8. The members have not requ5red the company to obtsln an audlt of Sts financlal statements for Ihe year In qu•5tion in accordance Wbth section 476. These financial stalements have been prepared in accordance with the provislong applicable to companies subject the small companies regime. The financial ststements were approved by the Trustees on .. Mrs S Beams Trustee Mr I S Rolinso Trustee Company reglstration number 02766660 HOLSWORTHY & STRATTON AGRICULTURAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 AccouTrtlng pollcles Charity Infomiallon Holsworthy & Stratton Agrlcullural Associatlon is a private company Ilmlted by guarantee incorporated In England and Wales. The registered office is Higher Pigsdon Farm, Launcells, Bude, Comwall. EX23 9LQ. 1.1 Accounllng conventlon The financial statements have been prep8red In accordance with the charlvs [governln9 document]. the Companies Act 2008, FRS 102 'The Financial Reporting Standard appllcable in the UK and Republic of Ireland. ('FRS 102°) and the Charities SORP 'AC￿UntIng and Reporting by Chantles.. Statement ol Recommended Practice applicable to charili•s preparing their accounts in accordance wllh th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity 18 a Public Benefit Entity a8 deflned by FRS 102. The ¢harlty h85 taken advantage of the provi8ion8 In Ihe SORP for charbtles nol to preparo 8 Sl8lsnent of Cash Fl*XS. The financial statements are prepared in sterling, which IJ th6 fvnctlonal currency of the charity. Monetary amounts in these financial Siatemenls are rounded to the nearest £. The financial statemenls have been prepared under Ihe historical cost eonventlon. The principal accounting policies adopted are set out below. 1.2 Golng ¢onc•rn At the tlme of approving the flnancial 8tatemenl$, th8 trustees have a reasonable expectation Ihat the charity has adequate re50urces to conllnue In operational existence for the foreseeable future. Thus the tnslees continue to adopt the going concern basis of accountlng In preparing the financial slatements. 1.3 Charltabl• funds Unrestricted funds 8re avallable for use at the discretion of the trustee8 In furtherance of thelr charitable oblects.v￿. Restrlcted funds are subject lo specillc Condillons by donors as to how they may be used. The purpose5 8fKI uses ol tha restricted funds are set oul in the notes to the financial statements. Endowment fund6 8re 8ubJect to speclflc condltlons by donor$ that Ihe upltsl must be m8lnt4lned by th• charity. 1.4 Income Income Is recognised when the charity Is leg811y entitled to it after any performance conditions have been mel. th8 amounts can be measured rellably, and11 is probable th8t income will be rep￿1ved. Cash donations are recognised on receipt. Other donalions are recognised once the charity has been notlfied of the donation, unless performance conditions requiTe deferral of the amount. Income lax ￿Coverable in relation to donations recelved under Gift Ald or deeds of covenant is recognised at the tirne ol the donation. Legacie5 are recognlsed on receipt or otherwise if the chartty has been nottfied of an impending dtslribution. the amount is known. and recelpl 1$ expected. If the amount is not known. the legacy is treated as contingent asset. HOLSWORTHY & STRArroN AGRICULTURALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Accounting pollcles {Continued) 1.6 Expondlture Expenditure 1$ ￿cOgnised ontE there is a legal or c¢nstructive obligation to transfer economic benefit to a thlrd party, it is probable that a transfer of economi¢ benefits wlll be required In settlement. and the amount of the obligation can be measured reliabty. Expendlture Is classified by activjty. The costs of each 8di¥ty are made up ol the totsl of dir&1 costs and shared costs. including support costs involved in undertaking each activity. Direct costs attribirtable to a single activity ar8 allocaled directly to that activity. Shared costs whlch contribute to more than one activity and support costs which are not attributable to a single adlvrty are apportioned Èetween those aciivlttes on a basis conslstent vAth the use of resource$. Central staff costs are allocated on Ilie basls of time Spent. and depreciation Charges are allocated on the portion of the asset's use. 1.6 Tanglbl• flx•d as8ot8 Tangible fixed assets are Initially m8asur8d al cost and subsequently measured al cost or valuatlon. net ol deprerAation and any impalwment losses. DeprecIa￿nIS reeognlsed 80 as to write off the cost or valuatlon ol assets less Ihell resldual values over thelr useful lives on the following bas88.' Trophies Leasehold land and building8 Flxtures and fith'ngs Computers Freehold land and bullding8 No depre¢iallon 500A straight line lfield tracks only) No depreciation 20% Teducing balance No depreciatlon The gain or loss arising on the disposal of an 8sset is det8rmined as the dlfference betr¥veen the sale proceeds and the carrying value ol the asset, and Is recognised in the statement of financlal activities. 1.7 Impalmwnt of Ilxed a8s•ts At Èach reportlng end date. the charity reviews the ¢arrylng amount$ of its tsngible asséts to determlne whether there is any indication that those assets have suffered an Impairment loss. If any such indKation exists. the recoverable amount of the assel is e511rnated In order to determine the extent of the impBirment loss {If eny). 1.8 Stock• Stocks are stated at the lower of cost and estimated selling prke less Costs to cornplele and sell. Cost comprises direct materlals and. where 8pplIca￿e, 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 feplacement cost and cost. Nel realisable value is the esllmated selling price les¥ all estimated costs of completion arKI costs to be InCu￿ed in maikeling, selling and distribution. 1.9 Cash and cash equlvalents Cash and cash equivalents Include cash In hand, deposils held at call wth banks. other short-terrn Ilquid investrnents with original maturities of three months or less, arKI bank overdrafts. Bank overdrafts afe shown within borro1￿ngS In current liabilitles. HOLSWORTHY & STRATTON AGRICULTURALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 ocfoBER 2024 Accountlng policl•s (Conllnued) 1.10 Flnanclal Instruments The charity has elected to apply the provlslons of Section 11 'Basic Financlal Instruments. and Seclion 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instrumenls. Financial Instruments are recognlsed In th8 ¢h8rity'8 balance sheot when the charity becomes party to the contractual provislons of the instrument. Financial assets and liebilities are offset, wlth the nel amounts presented in Ihe financral slaternents. vhten there Is a legally enfor¢eable right lo set off the recognised amounts and there is 8n Inlentlon lo settle on a net basis or to realis8 the asset and settle the liabilty simultaneously. Baslc financl•l ass•t8 Basic ffinandal assel$, ￿thIch Include debtors and ¢ash and bank balances, are initially measured al transaction price including tran$action costs and are subseqvenity at amortlsed cost using tho 8ffectlve interest method unless the arrangement constitute5 8 financing transadion, where the tranSa￿an is measured al tht present value of Ihe ftrture rec8lpi$ discounted at a markel rale of interest. Fln8nc181 asse1$ classified as receivable wilhin one year are not amortised. Baslc financl•l Ilabllilles Basic financial Ilabllilies, Indudin9 credltorn arKI bank loans are initially recognl8ed et transactlon prlce unless the arron9ement const5tutes a financing transaclion, where Ihe debt Instrument is measured at the pres8nt Valug of the luture payments discounted at a market rate of interest. Flnanclal liabilities dassified as payable withln one year arè nol amortl8ed. Trade credltor8 are obligations to pay for good8 or 8ervices Ih8t have been acqulred In the ordlnary course of operations from suppliers. Amounls payable are dassified as current liabilities rf payment is due wfthin one year or less. If not, they are presented as non-currenl liabililies. Trade credltors are recognlsed Inltlally at transaction price and Subsequently measured at amortised cost using Ihe effective Interest m8lhod. Derecognlllon ol Ilnanclal liabllltl Financial Ilabilitles are derecognised when the charfty's contractual obligattons èxplre or are dlscharged or cancelled. 1.11 Ernploy•e beneflts The cost of any unused hollday entillement18 fecognised in the perlod In which Ihe ern￿OYee'S seNices af• received. Temiination benefils are recognised Immediately 8s an expense vthen the charity is demonstrably commltted to lerminale Ihe employment of an employee or to provide lemiination benefits, Crltlcal accountlng e•tlmat•s and Judg•m•nts In the application of the charity's accounting policies, the trustees are required to make judgements. estimate8 and assumptions about the carrying amount of 8sset8 and liabilities that are not readily apparent from other Sources. The eslim8tes and associated assumptions are based on historical experience and other lactors th* are considered lo be r8lov8nt. Actual results may differ from these estimales. The estimates and underfying assumptions are review8d on an ongoing basis. Revisions to accounting estimates are recggnised in the period in which the estimate is revised where the revision affects only that period, or in the period ol the revision and future periods where the revision affects both current and future periods. HOLSWORTHY & STRATTON AGRICULTURAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR TIIC YEAR ENDED 31 OCTOBER 2024 Taxatlon The charty Is exempt from lax on income and gains falling within sedion 505 01 Ihe Taxes Act 1988 or section 252 of the Taxats'onof Chargeable GalnsAct 1992 to Ihe exlent that these are applied to ils charitablo objects. Donallon8 and 1•9acl•$ 2024 2023 Donats'ons and gifts Mèmb•rnhlp he$ 337 1,635 432 923 Incomlng RMour¢•s Actlvllles In furthwance of the Charit18 obJethe$ 2024 2023 Entry fees Livestock Tfade 3,376 25.398 3.189 24.247 28,n4 27.436 Sponsorship & donations Gate money & advanced licket sales Incl membership Food premlum8 Bar 88le$ 10.087 48.369 8,375 11,103 8.157 58,997 7.729 10.479 see note 10 106,708 112,798 Actlvllies for generating funds Grass keep and rent Bank compensalion 852 557 324 107.560 113,679 10- HOLSWORTHY & STRATTON AGRICULTURAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Investment8 2024 2023 Interest rKelvable 9,348 7,317 Other Incom• 2024 2023 Ground rent rèceivable Sundry income 852 2,065 557 324 2,917 881 11 HOLSWORTHY & STRAThON AGRICULTURALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Charitable activltles 2Q24 2023 Rosettes & prize money Hire of marquees etc Show day catering Hlre of labour & Oth￿ equlpment Hire of toilets Medical attendence Shuttle bus hlre Advertising Office expenses Indudlng prlntlng Website & soflware ￿$ts Sundry expenses Bar PUfcha$e6 & other c08ts Attracllons Gate & traffic stewards fee Judges expen￿$ Vlater Flower tent Flower lent adlustment Stripe fees 7,504 21,795 2.290 6.774 4,495 2,550 1,350 1,546 3,773 2.853 3,154 2.918 6,379 1,650 7,688 24.622 2,758 2.399 4.374 2,520 1,41X) 1,771 4,277 5.241 854 2,939 5.948 1.616 see note 10 169 725 (484) 1.235 261 639 70.678 70,438 Shere of support costs see nole 9 27.094 27,386 97,770 97,824 Support ¢osls 2024 2023 Admlnlsterln9 th• ¢h•rlty Secretarlal services Secretary retainer fee Association of show & agrbcultural conference fees Telephone Accountancy and payroll Legal & professional 13,756 13.000 333 416 2,245 534 3,025 16,750 16.559 Other expenses Rent & rates 1,400 1,400 12- HOLSWORTHY & STRATTON AGRICULTURALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR TIIE YEAR ENDED 31 OCTOBER 2024 Support Costs (Contlnued) Insurances Repairs and maintenance Donations 2.934 5,560 450 2,938 5,690 799 10.3 10.827 27,094 27,386 10 Bar Sale• 2024 2023 Bai sales 11,103 10,479 Openlng stock Bar puicha58S Closlng Sto 140) (2,939) {2.918) (90) profft 8,095 7,500 11 Tanglblo flx•d ass•ts Trophl•¥ Flxtui•# and Compul•rn Frn•hold land fltlln and bulldln Totsl Cost At 1 November 2023 11,411 15.397 6.526 387.961 421.295 At 31 Oclobei 2024 11.411 15.397 8,526 387,981 421.295 Depreclatlon •nd Imp4lrment At 1 November 2023 6,526 14,335 20,861 At 31 October 2024 6.S26 14.335 20.861 Carylng amount At 31 October 2024 11,411 15.397 373.626 400.434 At 31 October 2023 11.411 15,264 133 309,987 400,433 13- HOLSWORTHY & STRATTON AGRICULTURALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 12 Stocks 2024 2023 Finished gcK>d$ and goods lor resale 1,135 1,179 13 D•btor• 2024 2023 Amounts falllng due wlthln on• y•ar: Trade debtors 749 25 14 Co•h at eank and In Hand 2024 2023 Current and ReseTh• Account Cash in hand 95,843 83,676 95,843 83,678 16 Crndltorn: •mount• falllng du• wlthln on• y•ar 2024 2023 Payments recelved on account Trade uedilors Actruo1$ and deferréd Income 310 115 1.475 1.860 1,880 1,9¢)0 16 Control The compary w88 controllod throughout th18 and th• previous year by It8 dlrectorn. The present directOTS are as listed on page 1. 17 Employ•es The averaga monthly number of employees during the year wa8: 2024 Number 2023 Number 14- HOLSWORTHY & STRATTON AGRICULTURALASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 17 Employees (Continuedl Employm•nt cosls 2024 2023 Wages and salaries 13,756 13,000 TheFe were no employees whose annu81 remuneration %Yas morg than £80,000. 18 TfU8tees None of the twslees (or any peryJons connected wlth th•m) r•celved any rnmuneratlon or beneflts from th• charity during the year. 19 Relat•d party transactlons The￿ were no disdosable related paty transactions during the year ￿023 - none). 15-