ESSEX AGRICULTURAL SOCIETY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2025
Charity Number: 1015875
Company Number: 02768733
ENSORS ACCOUNTANTS LLP
Saxon House Moseley's Farm Business Centre Fornham All Saints Bury St Edmunds
Suffolk IP28 6JY
ESSEX AGRICULTURAL SOCIETY
CONTENTS
Year ended 31 August 2025
| Page | |
|---|---|
| Charity Information | 1 - 2 |
| Report of the Directors | 3 - 6 |
| Independent Examiner's Report | 7 |
| Income and Expenditure | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 - 16 |
ESSEX AGRICULTURAL SOCIETY
CHARITY INFORMATION
Year ended 31 August 2025
| Charity number: | 1015875 |
|---|---|
| Company number: | 02768733 |
| Patron: | Mrs Jennifer Tolhurst |
| Honourary President: | The Lord John Patrick Lionel Petre |
| President: | Robert McGowan |
| President Elect: | Kit Speakman |
| Chairman: | Fergus Howie |
| Vice Chairman: | - |
| Company Secretary: | Heather Cheryl Tarrant |
| Treasurer: | Fiona Barnsley |
| Directors: | Rosemary Helen Alexander |
| Hamish Alexander Debnam-Sharp | |
| Janet Nicholls | |
| Jenny Freeman | |
| Fergus Howie | |
| Annabelle Rout | |
| Council: | Annabelle Rout |
| Rosemary Helen Alexander | |
| Janet Nicholls | |
| Jenny Freeman | |
| Fiona Margaret Ashworth | |
| Co-opted Members: | Keri Constantinou |
| Adrian Rilstone | |
| Kate Squier | |
| Andrew Nott | |
| Stephen Crayston | |
| Fiona Barnsley | |
| Paul Tallowin | |
| Peter Thompson | |
| Thomas Cowell | |
| Neil Cowell | |
| Caroline Flanigan | |
| Charlie Micklem | |
| Co-opted members retire after one year unless reappointed |
1
ESSEX AGRICULTURAL SOCIETY
CHARITY INFORMATION (CONTINUED)
Year ended 31 August 2025
| Registered office: | ARU Writtle |
|---|---|
| Lordship Road | |
| Writtle | |
| Essex | |
| CM1 3RR | |
| Principal office: | ARU Writtle |
| Lordship Road | |
| Writtle | |
| Essex | |
| CM1 3RR | |
| Bankers: | Barclays Bank Plc |
| Barclays Business Centre | |
| Witham Branch | |
| PO Box 3692 | |
| Witham | |
| Essex | |
| CM8 2AT | |
| Investment managers: | Quilter Cheviot |
| Senator House | |
| 85 Queen Victoria Street | |
| London | |
| EC4V 4AB | |
| Accountants: | Ensors Accountants LLP |
| Saxon House | |
| Moseley's Farm Business Centre | |
| Fornham All Saints | |
| Bury St Edmunds | |
| IP28 6JY |
2
ESSEX AGRICULTURAL SOCIETY REPORT OF THE DIRECTORS
For the year ended 31 August 2025
The Directors under the Companies Act present their Report and Accounts for the year ended 31 August 2025. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Essex Agricultural Society (the 'Charity') is a company limited by guarantee, governed by its Memorandum of Association and Articles of Association dated 27 September 1992, and amended 28 September 2018.
Administration of Charity
The Society is administered by the Council, which is made up of the President, President Elect, Members elected, Co-opted Members and Co-opted Representatives from other organisations; provided that no Council Member has been absent from four consecutive meetings without knowledge and approval of the Council.
Key Management Personnel Remuneration
The Directors consider the key management personnel of the charity to be the Council, who are in charge of directing and controlling the charity and running and operating the charity on a day to day basis.
All Directors give their time freely and no director remuneration was paid during the year.
Recruitment, Appointment and Training of Directors
The Council keep under review the composition of the Board of Directors, identifying the need for recruitment processes to take place. The majority of Directors are identified by "word of mouth" and Directors will review any potential candidate to ensure they are a good fit for the Charity.
Details of potential candidates are discussed at board meetings prior to inviting any potential new member to join. Newly nominated Directors are briefed by the President and receive background information, annual accounts and minutes of recent meetings upon appointment.
Risk Assessment
The Council reviews the major risks to which the Charity is exposed and ensures that system are in place to mitigate any risks identified.
OBJECTIVES, ACITIVITES, ACHIEVEMENTS AND PERFORMANCE
Objectives
The Essex Agricultural Society's objectives are to promote and advance agriculture for the benefit of the public. This is to improve, publicise and encourage skill and industry in all trades, crafts and professions within agriculture, as well as promoting rural community and providing a social network for that community.
The Charity achieves these aims by;
Hosting various events throughout the year to promote agriculture, including the The Essex Schools Day normally held at Writtle University College each year in early June;
(Cont…)
3
ESSEX AGRICULTURAL SOCIETY REPORT OF THE DIRECTORS (CONTINUED)
For the year ended 31 August 2025
Objectives (Continued…)
Recognising Long Service Awards for those who have served more than 25 years in the industry, which are presented at the President's Garden Party alongside the Presidents's Award which recognises dynamic, entrepreneurial young people connected to agriculture; and
Holding two or three lectures each year with high profile, industry specific speakers.
Public Benefit
The Council are aware of their duties to ensure activities of the Charity are carried out in the furtherance of its objectives. The Council have given careful consideration to the Charity Commission's guidance on public benefit and are aware of their duties in this respect.
Achievements and Performance
The events held by the charity during the year have succeeded in promoting agriculture and educating the wider public, and the Council are pleased at how the Charity has adapted to underprecented times to continue to deliver its' objectives.
The holding of public events have continued throughout the year, raising £18,715 in the current year.
Income from memberships and subscriptions remains comparable to the prior year, increasing slightly from £17,557 to £18,873.
FINANCIAL REVIEW
Income from the Charity's events and memberships for the year was £91,718 (2024: £90,669). The net expenditure of the Charity for the year ended 31 August 2025 was £15,574 (2024: net income of £15,157).
The Council have created an "Essex Agricultural Community Fund" with Essex Community Foundation. £25,000 was transferred to the fund as seen on page 8. The fund value is currently around £37,000.
Investment Policy
The Council have the power to invest surplus cash as they see fit for the day to day use of the Charity. The Council has decided to hold some reserve balances with its appointed bankers in a combination of current and short term deposit accounts. The remainder of its reserves are held in an investment portfolio invested with Investec. In making the decision to invest in a portfolio, the Council had regard to the following conditions:-
The objective is for capital and income growth, which over the long term with endeavour to maintain the real value of the investments; and
The performance of the fund is monitored by regular reports.
During the year the portfolio represented a return of £7,918 (2024: £7,812). The market value of the portfolio at the balance sheet date was £253,316 (2024: £262,165).
The Council have created the "Essex Agricultural Community Fund" to promote agriculture and the rural community of Essex, to educate the next generation where their food comes from, to highlight rural safety, and provide opportunities to become part of the rural community.
This policy will be reviewed as and when market conditions or business requirements change.
4
ESSEX AGRICULTURAL SOCIETY REPORT OF THE DIRECTORS (CONTINUED)
For the year ended 31 August 2025
Reserves Policy
The Council has examined the requirements of Essex Agricultural Society and in the light of the main risks and has agreed that the Society will maintain sufficient reserves to enable it to continue its objectives for the foreseeable future. The Council have determined that a surplus of unrestricted funds continues to be accumulated to enable the Charity to respond quickly to potential opportunities and any unforeseen events.
The Council has calculated that reserves of £30,000 would be needed to continue the operational costs for a period of one year. These funds are held in cash to ensure the Society would be able to meet obligations as they fall due. Unrestricted reserves of £323,185 (2024: £329,457) were held at the balance sheet date.
This policy is reviewed annually or whenever there are significant or unusual changes in activities or subscriptions.
Going concern
The Directors have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the forseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
Future Developments
The Council will ensure that the Society will continue to meet its charitable objectives for the foreseeable future, ensuring that a wide range of beneficiaries will continue to benefit from its activities.
5
ESSEX AGRICULTURAL SOCIETY
REPORT OF THE DIRECTORS (CONTINUED)
For the year ended 31 August 2025
Directors' Responsibilities
The Directors under the Companies Act are responsible for preparing a Directors' annual report and financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Directors to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources (including the income and expenditure) of the charitable company. In preparing the financial statements the Directors are required to:-
Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the applicable Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the Financial Statements; and
Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the company and which enable them to ensure that the Financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom, governing the preparation and dissemination of financial statements.
This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
22/12/2025
This report was approved on behalf of the board on…………………………
RFG Howie
~~…………………………~~ RFG Howie (Dec 22, 2025 18:09:16 GMT) Fergus Howie Chairman
6
ESSEX AGRICULTURAL SOCIETY
INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF ESSEX AGRICULTURAL SOCIETY For the year ended 31 August 2025
I report on the Financial Statements of the Charity for the year ended 31 August 2025, as set out on pages 8 to 16.
Responsibilities and basis of report
As the Charity's Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examiniation I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Report
I have completed my examiniation. I confirm that no matters have come to my attention in connection with the
-
Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
The accounts do not accord with those records; or
-
The accounts 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 examiniation; or
-
The accounts have not been prepared in accordance with the methods and principle of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their account in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a propert understanding of the accounts to be reached.
24/12/2025 …………………………..…………. …………………………..…………. Graham Page FCA Date Ensors Accountants LLP Saxon House Moseley's Farm Business Centre Fornham All Saints Bury St Edmunds IP28 6JY
7
ESSEX AGRICULTURAL SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
Year ended 31 August 2025
| Income Charitable activities Membership subscriptions Event income Essex School Day Miscellaneous income Investments Expenditure Office expenses Administration Banking and accounts Website Event costs Farming competitions/ploughing Essex School Day Miscellaneous expenses Essex Community Fund Amortisation Depreciation Net income/(expenditure) Investments Unrealised gain/(loss) on revaluation Realised gain/(loss) on disposal Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Notes £ £ 2 18,873 - 18,715 - 54,130 - - - 8,417 - 100,135 - 3 343 - 4 16,084 - 5 1,931 - 2,104 180 6 12,877 - 3,150 - 7 49,895 - 8 2,250 - 25,000 - 651 930 314 - (114,599) (1,110) (14,464) (1,110) 8,191 - - - (6,273) (1,110) 329,457 8,040 323,184 6,930 2025 |
Unrestricted Restricted £ £ 17,557 - 10,754 - 62,358 - - - 8,756 - 99,425 - 677 - 15,100 - 1,827 - 1,982 - 9,311 - 2,480 - 49,215 - 1,702 - - - 651 930 393 - (83,338) (930) 16,087 (930) 27,022 - - - 43,109 (930) 286,348 8,970 329,457 8,040 2024 |
|---|---|---|
The Statement of Financial Activities included all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The notes on pages 10 to 16 form part of these financial statements.
8
ESSEX AGRICULTURAL SOCIETY
BALANCE SHEET
As at 31 August 2025
| Fixed assets Intangible Assets Tangible assets Investments Current assets Debtors Cash at bank Current liabilities Creditors Net current assets Total assets The Funds of the Charity Net capital at 31 August 2024 Movement in funds Net capital at 31 August 2025 |
Notes 9 10 11 13 12 14 |
Unrestricted | Unrestricted | Restricted Total £ £ 6,505 9,109 - 1,257 - 253,316 6,505 263,682 - 1,835 425 69,520 425 71,355 - 4,923 425 66,432 6,930 330,114 Restricted Total 8,040 337,497 (1,110) (7,383) 6,930 330,114 Total 2025 |
Unrestricted | Unrestricted | Restricted Total £ £ 7,435 10,690 - 1,571 - 262,165 Total 2024 |
|---|---|---|---|---|---|---|---|
| £ 2,604 1,257 253,316 257,177 1,835 69,095 70,930 4,923 66,007 323,184 Unrestricted |
£ 2,604 1,257 253,316 |
£ 3,255 1,571 262,165 266,991 500 65,253 65,753 3,287 62,466 329,457 Unrestricted |
£ 3,255 1,571 262,165 |
||||
| 257,177 1,835 69,095 |
266,991 500 65,253 |
7,435 274,426 - 500 605 65,858 |
|||||
| 70,930 4,923 |
65,753 3,287 |
605 66,358 - 3,287 |
|||||
| 66,007 | 62,466 | 605 63,071 |
|||||
| 323,184 | 329,457 | 8,040 337,497 |
|||||
| Restricted Total 8,970 295,318 (930) 42,179 |
|||||||
| 329,457 (6,273) |
286,348 43,109 |
||||||
| 323,184 | 329,457 | 8,040 337,497 |
These accounts are prepared in accordance with the special provisions applicable to companies subject to small companies' regime. Under Part 15 of the Companies Act 2006 and with the Financial Reporting Standards applicable in the United Kingdom and Republic of Ireland (FRS 102).
The Directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its incoming resources and application of resources for the financial year, including its income and expenditure, in accordance with the requirement of actions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so as far as applicable to the company.
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The Members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibility for complying with the requirement of the Act with respect to accounting records and for the preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
22/12/2025 Approved and signed on behalf of the Board on…………………………
RFG Howie ~~……………………~~ RFG Howie (Dec 22, 2025 18:09:16 GMT) …… Fergus Howie Chairman
Company Number - 02768733
The notes on pages 10 to 16 form part of these financial statements.
9
ESSEX AGRICULTURAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 August 2025
1) Accounting policies
The Essex Agricultural Society is a company limited by guarantee incorporated in England and Wales. The charity's registered office is Writtle College, Lordship Road, Writtle, Essex, CM1 3RR.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities 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), the Companies Act 2006 and the Charities Act 2011 and UK Generally Accepted Accounting Practice. The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Going concern
The Directors consider that there are no material uncertainties about the Charity's ability to continue as a going concern as the Charity has adequate resources to continue in operation for the forseeable future.
Income
All income is recognised once the charity has entitlement to the income, there is sufficient certainity of receipt and so it is probable the income will be received, and the amount of income can be measured reliably. Income is derived from the provision of goods/services and stated after trade discounts, other sales taxes and net of VAT.
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
Fund accounting
Unrestricted Fund - This fund is to be used at the discretion of the Directors in furtherance of the general objectives of the charity.
Restricted Fund - This fund is for the purpose of specific projects, as arise on an individual basis
Intangible fixed assets
The website improvement costs are recorded in the financial statements at cost and amortised at 10% on a straight line basis, 10 years being the expected useful life.
(Continued…)
10
ESSEX AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 August 2025
1) Accounting policies (Continued …)
Tangible fixed assets
The trophy is recorded in the financial statements at cost. The asset is not depreciated.
The container is recorded in the financial statements at cost and depreciated at 20% on a reducing balance basis.
Investments
Investments are recorded in the financial statements at market value. Any increase or decrease in value is recognised as unrealised gains/losses in the accounts.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are values at the amount prepaid after taking account of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term liquid investments.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured reliably. Creditors are normally recognised at their settlement amount after allowing from any trade discounts due.
Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
(Continued…)
11
ESSEX AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 August 2025
| 2) Income Charitable activities Annual, corporate and life memberships Events Layer Marnie Tower Bulmer Brick Tom Bradshaw Adam Frost Wine Tasting Farm Adventure Cricket Clay Shoot More than a race Quiz Rivenhall Club Life's a Circus Peter Craven Essex & Herts Air Ambulance Nazanin Essex School Day Chadacre Charitable Trust Felix Cobbold NFU Trust Essex County Council Morley Agricultural Foundation Discovery Education CLA Trust Schools Charges Birketts Transport Essex Community Rural Church of England The Essex Club Quiz Raffle Donation Perry Foundation Deposits Miscellaneous income Essex Community Funding Grant Investments London investment income Bank interest receivable |
Unrestricted Restricted £ £ 18,873 - 264 - - - 1,928 - 4,707 - 4,451 - 810 - 1,680 - 4,875 - - - - - - - - - - - - - - - 18,715 - 3,000 - 2,500 - 5,000 - 30,000 - 3,000 - - - - - 5,630 - - - 3,500 - 400 - - - - - 1,000 - 100 - 54,130 - - - 7,918 - 499 - 8,417 - 100,135 - 2025 |
Unrestricted Restricted £ £ 17,557 - - - (466) - - - - - - - - - - - - - - - 3,195 - 1,040 - 1,342 - 1,647 - 235 - 3,761 - 10,754 - 3,000 - 2,500 - 5,000 - 30,000 - 3,000 - 451 - 5,000 - 5,961 - 1,000 - 3,500 - 400 - 1,500 - 796 - - - 250 - 62,358 - - - 7,812 - 944 - 8,756 - 99,425 - 2024 |
Unrestricted Restricted £ £ 17,557 - - - (466) - - - - - - - - - - - - - - - 3,195 - 1,040 - 1,342 - 1,647 - 235 - 3,761 - 10,754 - 3,000 - 2,500 - 5,000 - 30,000 - 3,000 - 451 - 5,000 - 5,961 - 1,000 - 3,500 - 400 - 1,500 - 796 - - - 250 - 62,358 - - - 7,812 - 944 - 8,756 - 99,425 - 2024 |
Unrestricted Restricted £ £ 17,557 - - - (466) - - - - - - - - - - - - - - - 3,195 - 1,040 - 1,342 - 1,647 - 235 - 3,761 - 10,754 - 3,000 - 2,500 - 5,000 - 30,000 - 3,000 - 451 - 5,000 - 5,961 - 1,000 - 3,500 - 400 - 1,500 - 796 - - - 250 - 62,358 - - - 7,812 - 944 - 8,756 - 99,425 - 2024 |
|---|---|---|---|---|
| - - - - - - - - - - - - - - - - |
||||
| - - - - |
||||
| - | ||||
| - |
(Continued...)
12
ESSEX AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 August 2025
| 3) Office expenses Stationery and Printing Telephone Postage 4) Administration Office administration College rent 5) Banking and accounts Accounts Bank charges Investment expenses 6) Event costs Presidents Garden Party Presidents Awards Long Service Awards Search and Rescue Layer Marney Tower Quiz Life's a Circus Tom Bradshaw Adam Frost Farm Adventure Wine Tasting Bulmer Brick Rivenhall Oaks Peter Craven Clay Shoot YFC Show Nazanin Best Agricultrual Student Sundry |
2025 Unrestricted £ (3) 240 106 343 13,084 3,000 16,084 1,870 36 25 1,931 2,020 432 1,087 - 106 - - 453 1,264 58 3,280 - - - 3,256 868 - - 53 12,877 |
2024 Unrestricted |
|---|---|---|
| £ 117 240 320 |
||
| 677 | ||
| 12,100 3,000 |
||
| 15,100 | ||
| 1,500 293 34 |
||
| 1,827 | ||
| 1,730 - 1,286 204 - 1,290 703 - - - - 1 694 244 - 1,452 1,632 75 - |
||
| 9,311 |
(Continued…)
13
ESSEX AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 August 2025
| 7) Essex School Day Administration Zone costs Marquee Refeshments Toilets Radio Signs Emergency Care Photography Transport Costs Miscellaneous 8) Miscellaneous expenses Insurance Companies House Fee Gratuities and Donations Sage Software Discounts Allowed 9) Intangible Assets Cost at 1 September 2024 Additions Disposals Cost at 31 August 2025 Amortisation at 1 September 2024 Amortisation charge Amortisation on disposals Amortisation at 31 August 2025 Net book value at 31 August 2025 Net book value at 31 August 2024 |
2025 Unrestricted £ 21,060 12,132 1,951 1,418 4,923 - 105 499 1,785 3,245 2,777 49,895 1,159 34 840 216 1 2,250 Website Costs Unrestricted £ 6,510 - - 6,510 3,255 651 - 3,906 2,604 3,255 |
Restricted £ 9,295 - - 9,295 1,860 930 - 2,790 6,505 7,435 |
2024 Unrestricted |
|---|---|---|---|
| £ 20,750 11,243 - 2,409 3,414 - 627 419 1,680 5,847 2,826 |
|||
| 49,215 | |||
| 1,042 13 457 190 - |
|||
| 1,702 | |||
(Continued…)
14
ESSEX AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 August 2025
| 10) Tangible Assets Cost at 1 September 2024 Additions Disposals Cost at 31 August 2025 Depreciation at 1 September 2024 Depreciation charge Depreciation on disposals Depreciation at 31 August 2025 Net book value at 31 August 2025 Net book value at 31 August 2024 11) Investments Market Value 01.09.24 Investment & Unit Trusts 262,165 262,165 |
10) Tangible Assets Cost at 1 September 2024 Additions Disposals Cost at 31 August 2025 Depreciation at 1 September 2024 Depreciation charge Depreciation on disposals Depreciation at 31 August 2025 Net book value at 31 August 2025 Net book value at 31 August 2024 11) Investments Market Value 01.09.24 Investment & Unit Trusts 262,165 262,165 |
10) Tangible Assets Cost at 1 September 2024 Additions Disposals Cost at 31 August 2025 Depreciation at 1 September 2024 Depreciation charge Depreciation on disposals Depreciation at 31 August 2025 Net book value at 31 August 2025 Net book value at 31 August 2024 11) Investments Market Value 01.09.24 Investment & Unit Trusts 262,165 262,165 |
Additions | Trophies £ 1 - - 1 - - - - 1 1 Disposals (23,350) |
Plant & Machinery £ 2,454 - - 2,454 884 314 - 1,198 1,256 1,570 Un- Realised Realised - 8,191 Gains / (Losses) |
Plant & Machinery £ 2,454 - - 2,454 884 314 - 1,198 1,256 1,570 Un- Realised Realised - 8,191 Gains / (Losses) |
Market Value 31.08.25 253,316 |
Total 2,455 - - |
||
|---|---|---|---|---|---|---|---|---|---|---|
| 2,455 | ||||||||||
| 884 314 - |
||||||||||
| 1,198 | ||||||||||
| 1,257 | ||||||||||
| 1,571 | ||||||||||
| Cost 31.08.25 231,557 |
||||||||||
| 6,310 | ||||||||||
| 262,165 | 6,310 | (23,350) | - | 8,191 | 253,316 | 231,557 |
Current asset investments are stated at market value with any surplus or deficit being accounted for through the Statement of Financial Activities as realised surplus or deficit. The departure from the Companies Act requirement to show current assets at the lower of cost or net realisable value is justified in order to show a true and fair view.
| 12) Bank accounts Barclays EAS current account Barclays EAS deposit account Barclays ESD current account Quilter Cheviot portfolio 13) Debtors Trade Debtors Prepayments (Continued…) |
Unrestricted Restricted £ £ 2,638 425 12,441 - 17,144 - 36,872 - 69,095 425 2025 Unrestricted £ (100) 1,935 1,835 2025 |
Unrestricted Restricted £ £ 2,638 425 12,441 - 17,144 - 36,872 - 69,095 425 2025 Unrestricted £ (100) 1,935 1,835 2025 |
Unrestricted Restricted £ £ 2,638 425 12,441 - 17,144 - 36,872 - 69,095 425 2025 Unrestricted £ (100) 1,935 1,835 2025 |
Unrestricted Restricted £ £ 6,411 605 11,942 - 4,960 - 41,940 - 65,253 605 2024 Unrestricted £ - 500 500 2024 |
Unrestricted Restricted £ £ 6,411 605 11,942 - 4,960 - 41,940 - 65,253 605 2024 Unrestricted £ - 500 500 2024 |
Unrestricted Restricted £ £ 6,411 605 11,942 - 4,960 - 41,940 - 65,253 605 2024 Unrestricted £ - 500 500 2024 |
Unrestricted Restricted £ £ 6,411 605 11,942 - 4,960 - 41,940 - 65,253 605 2024 Unrestricted £ - 500 500 2024 |
|---|---|---|---|---|---|---|---|
| 69,095 | 605 | ||||||
| 2024 Unrestricted |
|||||||
| £ - 500 |
|||||||
| 500 | |||||||
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ESSEX AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 August 2025
| 14) Creditors Trade Creditors Accruals and Income in advance |
2025 Unrestricted £ 4,745 178 4,923 |
2024 Unrestricted |
|---|---|---|
| £ 1,601 1,686 |
||
| 3,287 |
15) Related Parties
The Directors were not paid and did not receive any other benefits from employment during the current or previous financial years.
No trustee expenses have been incurred.
During the year, directors paid memberships and purchased event tickets totalling £1,667 (2024: £857).
Also during the year, £870 (2024: £568) was paid to directors, reimbursing them for purchases made on behalf of the Charity.
16) Members Guarantee
The company does not have share capital and is limited by guarantee. Each member of the company undertakes to contribute as may be required (not exceeding £1) to the company's assets if it should be wound up while a member.
17) Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 or the Taxation of Chargeable Gains Act 1992 to the extent that these applied to its charitable objects.
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