The Soclety of Ploughmen Ltd
(a compaDy Ilmlted by guarantee)
report and unaudlted tIDandal statements
for the year ended 30 November 2024
Company no: 01083310
Charlty no: 1062780

The S￿Y of Pl￿shMen Lid
(a company limited by guarantee)
for the yeAr ended 30 November 2024
Contents
Iz8al & administrative inforn￿tiOn
Trustee's annual report
Independent examinerfs r¢F
Statemenl of financial xtivities
Balance sheet
Notes to the financial statements
8-16
The following pages do not fom) part of the statutory accounts and are prep8r&a for the members only:
Incom¢ and expenditure account
17-18

The Society of Ploughmen Ltd
(a company limiied by guarankn)
Legal & adminithtive iDformatioD
ror the year ended 30 November 2024
Charity name
The k￿lety of Houghrnen tAd
Company Number
01083310
Charity Number
1062780
Registered Office
Quarry Farni
Tickhill Road
Loversall
Doncaster
DNI19DH
Chairnjan
ML Turner
Directors & Thistees
JD Chappell
PJ Froom
CW Halliday
JP Hill
RWF IAybourn
DJ Thomlinson
ML Turner
SJ Cheesman
GC Sutton
Secretary & Chief Executive
SFrith
Independent ¢xarnin¢rs
The Barker Partnership
24 High Street
Pateley Bridge
Horrogate
North Yorkshire
HG3 5JU
Page I

The Society of 14oughmen Ltd
(a comwy limited by guaranlee)
Tntstees annual report for the year ended 30 November 2024
Structur4 governAnce and management
The Society of Ploughmen was fornied as a private limited company under a memorandum & articles of
association on fhe 23rd November 1972. These werc amcnd¢d by a special resolution on the 20th February J979
and (hen r¢placed by new articles of asK￿lation, passed at the annual general meeting held on the 4th March 20]9.
The company has no share capital and is limiwl by 8uarante&
On the 10th June 1997, The Society of Ploughmen Ltd was accepted as a registered charAty.
In accordance with the articles of association, the directors of the society shall hold their office for 3 yeajs from the
date of their appointsnent. at which time they shall offer their retirement of their office at the next scheduled annual
meeting. At each subsequent annual general meeting one third of the director5 must offer their retirement from
office.
ObJectlv£¥ & actlvltles
The charity's main objective is the adVanCe￿rtnt of agriculture by promoting and encouraging the art, skill and
ienc¢ of ploughing the land.
The charity is principally responsible for the organisation and management of the British National PloughAng
Championships and for managing the England, World & European Ploughing Teams.
With more than 200 local ploughing socielies affiliated to it and a membership drawn fix)m ploughmen and women
from 211 over the world, the Society AS a vibranL thriving organisalion and an influential member of the Worjd &
European Ploughing Organisations.
Achlevements & perforn￿nCe
The high point of the competition ploughing season each year is the British National Ploughing Championships.
This year, our 73rd evenL was held on the 12th & 13th of Octthr 2024 at Thoresby Esiate. PerlethoTPe.
Nottinghamshire by kind perniission of Thoresby Fam)ing.
Despite the weather, the event was a succes4 and enjoy￿ by all who attended.
In¢ernational competitions - The 2024 World Ploughing Contest was held in the Tartu. Estonia. The 2024 European
Reversible Ploughing Championships was held in Marniirollq France & 2024 European Vintage Ploughing
Championships was held in RathenAska. Republic of Ireland.
In order to meet the costs of running the British National Ploughing Championship& the Society raises income in a
variety of ways. These include entry fees to competitions, annual donalions & sponsorship, working demonstrations
& trade stands. The Society adds to this by raising additional money through sale of souvenirs, raffles & tombola.
Flnandal review
A summary of the results of th¢ yearfs activities Is given on page 5-16 of thc accounts. The chariry reports an overdll
deficit of £(3.984) (2023 - surplus of £10.510).
Page 2

The &*iety of Ploughmen Ltd
(a company limited by guarantee)
Trustees annual report for the year ended 30 November 2024
Reserves pollcy
The tnistees have examined the ch￿l￿S requirements for resetves in light of the main risks of the charity. In the
event of a cancellation of the annual British Ploughing Championships. the charity will lose a substantial proportion
of its income for that year and the TTUSt¢cs therefor& have determined that the level of unrestricted reserves of the
harity must be sufficient to cover at least 2 years of expendiwre.
In the opinion of the Inistees. the present level of reserves available to the charlty adequately meets this requirement.
Statement of reSpon￿bIlItIeS of the diredors
Company law requires the directors to prepare financial statements for each financial year. Under that law, the
dArectors have elecred to prepare the financial siatements in xcordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicable law). In prep￿Ing these financial
statements the diTectOT5 are required to:
- select suitable accounting polici&8 and apply them consistently;
- make judgements and estimat¢s that are reasonable and Prudent:
stafr whether applicable UK Accounting Standards have been followed. subject to any ma*rial departures
disclosed and explained in the financial staiemcnLS.
- prepare the financial statements on the going concern basis unkss it is inappropria* to presume that the Company
will continue in business.
The directors are resp)nsible for keeping proper accounting records which disclose with reasonablc awiracy at any
time the financial position of the company and to enable them to ensure that the financial statements comply with
the Companies Act 2(K)6. They are also ￿SponSible for safeguarding the assets of company and hence for taking
Teasonable sfrps for the prevention and detection of fraud and other irregularities.
Small company exemptions and auditors
These financial Sta￿ments have been prepared in accordance with the special provisions available for small
companies under part 15 of the Companies Act therefore an audit has not been caTrie4J out.
This repc*t was approved by the trustees on ......
Trnstee slgnature
Date
3.1.1.31.zoZ£

The Society of Ploughmen Ltd
(a company limited by guarantee)
Independent examlner's report to the trnstees on the unaudited fuwicial slatanents of The Society of
Ploughmen
T report on the accounts of The Society of Ploughmen Ild (charity nurnber 1062780) for the year ended 30
November 2024 which ate set out on pages 5 to 16.
Respective responsibllitses of trustees and independent examiner
The chariWs trustees are rvJponsible for the p￿pa￿lOn of the accounts. The trnsfres consider that an audit
is not required for this year under part 16 of the Companies Act 2006 & seclion 144(2) of the Charities Aci
2011 {thc 2011 Act), and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 A¢
to follow the procedures laid down in the general direttions given by the charity commission under
section 145(5)(b) of the 2011 ACL and
to state whether particular matters have come to our attcntion.
Basls of independent examiners statemtht
My exarnination was carried out in accordance with general directions given by the charity commission. An
examination includes a review of the accounting recor(Ls kept by the Charity and a compartson of thc accounts
presented with those records. Ir also includes considerntion of any unusual items or disclosures in the
accounts and seeking explanations from all (rustees concerning any such matters. The pffxedures undertaken
do not provide all the evidence that would be tequired in an audiL and consequently no opinion is given as to
whether the a￿Ullts present a knie and fair view. and the report is limited to those matters set out in the
statement below.
Kndependent examiners statement
In the course with my cxamination. no matter has come to rny attention;
(i) which gives me reasonable cause to believe that in any material res￿ the requiTcrnents.'
to keep proper accounting records in accordance with section 386 of the Companies Act 2006;
to prepare accounts which accord w&th the accounting records, comply with the accounting
requirements of section 396 of the Companies Act 2006 and with the methods and principles of
the Statement of Recommended P￿Ice. Accounting and Rewting by Charities have not been
met; or
(li) to which. in my opinion. allention shtyjld be drawn in Order to enable a proper underslanding of the
accounts to be reached.
3113124
David Thomas ACA FCCA . Independent Examiner
The Barker Partnership Limi¢ed
Chartered Accountants
24 High Street
Pafeley Bridge Harrogate
HG3 5JU

The Society of Ploughmen Ltd
(a company Ilmlted by guarantee)
Statement of financlal actlvltles (induding income and expenditure account)
for the year ended 30 November 2024
Unrestricted Restricted
Note FDnds
Fund8
2024
Total
2023
Total
Incoming rtsource5
Income and endowments from:
Donations and legacics
ChaTitable activities
Other trading activities
Investments
4.436
78,887
2.746
6,792
4.436
78,887
2,746
6,792
5,J55
99.735
1,122
3.439
Total
92,861
92,861
109,451
Resourcw expended
Expenditure on:
Charitable activities
Other
10
11
25,976
70,869
25,976
70.869
35,527
63,414
Total
96,845
96,845
98,941
Net movement in funds in the year
(3,984)
(3.984)
10,510
Reconciliation of funds
Total funds brought forward
Total funds CArried forward
335,879
335.879
325.369
21
331,895
331,895
335,879
The statement of financial activities includes all gains and losses in the year. All incoming Tesources and
resources expendeAI derive from continuing activities.
Page S

The Soclety of Ploughmen Ltd
Balance sheet
as at 30 November 2024
2024
2023
Notes
Fixed Assets
Tangible assets
12
41.899
16.302
Current As8ets
Stocks
Debtors
Cash at bank and in hand
227
10,014
303,138
227
9,110
325.019
14
15
313,379
334,356
Creditors: amounts falling
dlle wlthln one year
16
(23,383)
(14,779)
Net Current &8sets
289.996
319,577
Total Assets L￿S Current
Liabilities
331.895
335,879
The funds of the charity
Unrestricted funds
21
331,895
335,879
Total charity funds
331,895
335,879
The directors, statements required by Section 475{2) and (3) are shown on the following page which fornis
part of this Balance Sheet.
The notes on pages 8 to 16 forni an Integral part of these financlal statement&
Page 6

The Society of Ploughmen Ltd
Balance sheet {contlnued)
Dirtttors. statements required by SeetioTh$ 475(2) and (3)
for the year ￿ded 30 November 2024
For the year ended 30 NovemlKr 2024 the company was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directors, ￿SpOnsIbl]Ities.
. The members have not required the company to obtain an audit of its accounts for the yw in question in
accordance with section 476: and
. The directOTS acknowledge their responsibilities for complying with the requircments of the Act with
respect to accounting records and the preparation of accounts.
These attounts have been prepared in accordance with the Financial ReFK)rting SL2ndatd applicable in the UK
and Republic of Ireland (FRS 102), issued 16 July 2014. with the Charities Act 2011 & the Companies Act
ML Turner
Chairn12n
Re￿tion number 01083310
The notes on pages 8 to 16 forni an Integral part of these statements.
Page 7

The Society of Ploughmen Ltd
Notes to the fu￿￿e191 statements
for the year ended 30 November 21)24
AccouDting poli17es
1.1. Basis of aceounting
These accounts have been prepared under the historical wst convention with items recognised at cost or
transaction value unles5 otherwise stated ID the Trlevant notes to the accounts. The accounts have been
prepared in accordance with the Statement of Reconimended Practice: Accounting and reporting by
Charities prepartng their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102), i&8ued 16 July 2014. with the Charities Act 2011 & the
Companies Act 2006.
la. Fund aecounting
Unrestricted funds are available * the discretion of th¢ managemeni committee in furtherance of
the general objextiv¢s of the Charity.
IJ. Incoming resources
Recognition of asgets & income
Income is recognised in the Statement of Financial Activities (SOFA) when a transaction or other event
results in an increase in the charitys a&sets or a reduction in its liabilities. Income is only rewgnised in
the accounts when a]1 of the ￿lteria regarding entitlemenL pmbable and measurement are met.
Recognition of grants and donadoTh8
Income is only recognised in the accwnts when all of the criteria regarding entitlement. probable and
measurement are met. In th case of a granL evidence of entitlement usually exists when the formal
offer of funding is communicated in writing to the charity. However. in the event that conditions are
placed on the granL those conditions must be met before income is recognised. In the case of a
donation. entitlement aTises immediately on its IEceipt.
Investment income
Income from interest is recognised when its receipt is probable and the amount receivable can be
measured accurately.
1.4. Rewurces expended
Recognition of liabilitles & expthditsre
Expenditure is the amount of a charity's T￿our￿S that havc bexn S￿nt or otherwise used in carrying
out its activities. An expense results in either a dec-ease in a charity's assets or an increas¢ in its
liabilities. Liabilities and expenditure are only recognised in th¢ accounts when all of the crAteria
garding entitlemenL probable and Measureme￿ are meL
Governance costs
Include the costs of the preparation and exaMin￿On of the statutory accounts. the cost of trustees,
m¢¢tings and cost of any legal advice to the trnstees on governance or constitutional niaiters.
Governance costs are only recognised in th¢ xcounts when all of the criteria regarding entitlement,
probable and measurement are meL
Page 8

The Soclety of Ploughmen Ltd
Notes to the fAn4nclal stalements
for the year ended 30 November 2024
. continued
IS. Employee benefits
Employees benefits include all costs incurred by the charity in exchange for the services of its
employees and any remunerated trustees. Expenditur¢ is recognised for all employee benefits resulting
from their service to the charity during the reporting period unless the staff costs have been capitalised
as part of the cost of an asseL
1.6. TangI￿k fLYed *&sets and depredatlon
Depreciation is provided at ra￿5 calculated to write off the cost less residual value of each asset over its
expected useful life. as follows:
Plant and machinery
Mowr vehicles
15% on a reducing balance basis
25% on a reducing balance basis
1.7. IAsing
Renuls payable under operating leases are charged against income on a straight line basis over the1¢&8e
1.8. Stock
Stock of souvenirs and ploughs. which ffpresents goods for ￿Sale have been valued at the lower of cost
and net realisable value.
1.9. Penslo
The pension costs charged in the financAal statements represent the contribution payable by the
company on behalf of its employee during the year. These are included within wages and were £3,698
(2023 £3.601).
1.10. ￿nanCIal instruments
F￿anCIal instruments are classified and accounted for, according to the substance of contractual
arrangement. as either financial assets. financial liaoilities or equity instruments. An equity
instrument is any contract thai evidences a Tesidual interest in the assets of the cornpany after
deducting all of its liabilities.
Turnover
Turnover, stated net of valued added taL has been derived from its principal activity wholly undertaken
in the UK.
Page 9

The Society of Ploughmen Ltd
Not¢s to the financial statements
for the year ended 30 November 2024
. continued
Net incoming resourets for the year
2024
2023
Net incoming resources is stated after charging:
Depreciation and other amounts written off tangible assets
and after erediting:
Donations
Interest receivable
13,231
4,670
4,436
6.792
5,155
3.439
Staff costs
2024
2023
Number of employees
The average monthly numbers of employees
during the year were:
Employment Costs
2024
2023
Gross salaries & national insurance
Pension costs
37,517
3,698
33,557
3,601
41,215
37,158
No employee receiveAI remuneration, expenses or benefits exceeding £60.000 during the year.
Fees for independent examination of accounts
2024
2023
Independent examiners fee
J.730
1,690
Page 10

The Soaety of Ploughmen Ltd
Not¢s to the financial statements
for the year ended 30 November 2024
. continued
Donations and legaeies
2023
Membership donations
Trade donations
I)ODations & concessions - catering & I￿ cream
2J20
3.560
875
720
1,275
4,436
5,155
Charhable activity income
2024
2023
Subscriptions
Sponsorship
Entry to ComFKtitions
Receipts at Gate
Advanced Ticket Sales
Working Demonstrations & Stands
Surplus on Raffle
Plough Part Sales
Prowme Sales
Caravan Parking
Practice plots
23.802
5.450
4.228
18,191
7.355
17.196
1,764
24.009
11.018
4,313
33,229
15.289
1.970
613
288
917
312
638
78,887
99,735
Other trading activities
2024
2023
Surplus on Sale of S￿venIrs
Ploughmens Trnvel Award incl seminar surplus
936
1.810
591
531
2,746
1.122
Page 11

The Soclety of Ploughmen Ltd
Notes to the financial statements
for the year ended 30 November 2024
. ¢oniinupAI
Investments
2024
2023
Bank Interest Received
6,792
3.439
6,792
3,439
10. Charitsbk activity costs
2024
2023
Show Expenses
Advertising
Hire of Site Equipment
Marquee hire
Toilet hite
Mementos. awards & trophies
Steam Engines
Match purchases - signs, banners. pegs etc
Rent
Meetings, Site Visits, Accommodation & Meals
Motor Expenses
Motor vehicle depreciation
Surplus on sale of motor vehicle
8,272
1,842
1,409
2,987
1,935
4,993
500
818
2,498
1,910
2,979
12,407
(16.574)
5.771
3,059
749
3.257
1,961
4,763
2,191
1.862
2.435
2.162
3,508
3.809
25.976
35,527
Page 12

The Society of Plouglimen Ltd
Notes to the financial statements
for the year ended 30 November 2024
. continued
11. Other
2024
2023
Affiliation Fees, World & European Ploughing
World & European Match Expenses
Ploughmens travel awards
Website and computer costs
Repairs & Renewals
Wages & employer pension contributions
Telephone
Printing. postage & stationery
Depreciation on equipment
I£asin8 of offiee equipment
Bank Interest & Charges
Light & Heat of Office
Insurance
Accountancy
Sundries
2,741
2.666
2,761
1.038
4,000
232
764
37.158
622
6,997
861
299
1,850
1,934
2,835
1,690
373
1,279
41,215
400
7.386
824
312
1,212
1.957
2,931
1,730
216
70,869
63.414
Page 13

The Society of Ploughmen Ltd
Notes to the financial statements
for the year ended 30 November 2024
. continued
11 T8Dgibk r￿ed assets
Plant and Motor
n￿hl￿ery vehides
Total
At l December 2023
Additions
Disposals
31,673
629
36,115
67.788
49,626
50,255
(36,115) (36.115)
At 30 November 2024
32,302
49.626
81,928
Depreciation
At l December 2023
On disposals
Charge for the year
At 30 November 2024
26,797
24,689
51,486
(24,689) (24,689)
11407
13,231
824
27,621
12,407
40,028
Net book values
At 30 November 2024
4.681
37,218
41,899
At 30 November 2023
4.876
11,426
16.302
13. Stocks
2024
2023
StsKks of souvenirs
227
227
14. Debtors
2023
Trade debtors
Prepayments and accrued income
6.663
3,351
5,938
3,172
10,014
9.110
Page 14

The Society of Plollghmen Ltd
Notrs to the flnanclal statements
for the year fflded 30 November 2024
. continued
15. Cash at bank and in hand
2024
2023
National Westininster Alc
Paypal Account
National Savings Income Bond
Santander
Lloyds TSB Alc
Scottish Widows Fixed Tern)
96,611
224
108,702
3,378
5,000
75,074
82,865
50,000
66,193
85.110
50.000
303,138
325.019
16.
Creditors: amounts falling due
within one year
2024
2023
Trade ¢￿dItorS
Other taxes and sociaj security costs
Accruals and deferred income
14.123
7.280
1.980
11,033
1,840
23,383
14.779
17.
Taxation
The Charity's activities fall within the exemptions afforded to Charitsble Companies under sections
466 to 493 of the Corpordtion Tax Act 2010 (cfA 2010). Thetefore no lax AS calculated on the surplus
for the year.
l& Company limited by goarantee
The Society h&$ no share capital as it is limited by guarantee.
Page 15

The SOc￿ty of Ploughmen Ltd
Noles to the fmancial stalements
for the year ended 30 November 2024
. continued
19. Anajysls of net &ssets between funds
Unrestrirted Restrlcted
funds
funds
Total
funds
Fund balances at 30 November 2024 as represenied by:
Tangible fixed assets
Current assets
Current liabilities
41,899
313.379
(23,383)
41.899
313,379
(23.383)
331.895
331,895
Related party transacllons
No Inistees received a remuneration for services rcndered, however, when incurred, trustees
reimbursed for out of pocket expenses. No trusx or anyone eonnec*d with a truste¢. has a material
interest in any of the charitls transactions.
21. Analysb of funds
At IncomlDg
Outgolng
At
30 Nov 24
Unff stricted funds
Restricted funds
335.879
92.861
(96,845)
331,895
Totsl funds
335.879
92.861
(96.845)
331.895
The purpose of the unrestricted funds comprise funds which the trustees are free to use in
accordance with the Chatitable objectives.
The restricted funds comprise the funds received which are restricted to thc expenses in which they relate.
Page 16

The Society of Plonghmen Ltd
(a company thnlted by guarantee)
Income & expendlture account
for the year ended 30 November 2024
2024
2023
Income for general purpos
sub￿riptiOnS.
Trade affiliation
Members
Affiliated Sociaies
Vicx presidents
17,658
4.377
1,767
18,052
4.515
1,442
23,802
6,792
936
24.009
3,439
591
638
531
Bank deposit interest
Surplus on Sale of Souvenirs
Practice plots
Ploughmens Trdvel Award incl seminar surplus
1.810
33.340
29,208
Match day Income
Entry to competitions
Receipts at gate
Advanced Ticket Sales
Working demonstrdtions & stands
Annual donations & sponsorship
Donations & concessions - catering & ice crea
sU￿]us on raffle & tombola
Caravan Parking
Programme sales
4,228
18,191
7.355
17.196
8,611
1,275
1,764
288
613
4.313
33.229
15.289
15,453
720
1,970
312
917
59.521
80,243
Tot81 Income for the year
92,861
109,451
Expen8ts . page 18
96,845
98,941
Net surplus 1 (defielt) for year
(3,984)
10.510
Page 17

The Soaety of Ploughmen Ltd (a Company limited by guarantee)
Tol*1 expensts for the year ended 30 November 2024
2024
2023
Affiliation Fees, World & European Ploughin8
World & European Match Expenses
Plouglunens travel awards
Show expensog
Match expenses
Memenros. (rophies & awards
Match purchases - sign& banner& pegs etc
Hire of site equipmeD4 marquees etc
Site equipment
Marquees
Toilets
Steam engines
Motor expenses
Fuel & repairs
Tax & insurance
Depreciation
Surplus on sale of motor vehicle
Advertising
Meetings, sftte visits, meals. accommodation
Telephone
Website and computer costs
Printing. postage & stationery
Wages & employer pension contributions
Rent
Bank interest & ¢harg¢s
Light & heat of office
Insurnnce
Repair5 & renewals
IAsing of Office equipment
Accountancy
Sundries
Depreciation on equipment
Total expens
2.741
2.666
6.0(K)
2.761
1.038
8.272
4,993
818
5.771
4.763
1,862
749
3.257
1,961
2.191
2,987
1.935
1,788
2.464
1,044
3.809
12.407
(16.574)
1,842
1,910
3,059
2,162
622
232
6,997
37.158
2.435
1,850
,934
2,835
764
299
.690
373
861
1.279
7,386
41.215
2.498
1,212
1,957
2,931
312
1,730
216
824
96.845
98,941
Page 18