The Society of PIoughmen Ltd
(8 eompany Ilmlted by guarantee)
Trustees report and unaudlted financial statements
for the yeAr ended 30 November 2025
Company no: OL083310
Charlty no: 1062780

The SOC￿ of Plougbmen Ltd
(a ¢ompany limited by guarantee)
n¥wial Ststements
for the year ended 30 November 2025
Contents
128al & administrative inf0m￿li0n
TTus*e's annual report
tndependent examinerfs report
Statement of financial acuviues
Balance sheet
Notes to the financial ststements
8-16
The following pages do not forni part of the statutory accounts and are prepared for the membern only.
Jncome and expenditure account
17-18

The Sotiety of Ploughmen Ltd
(a company limited by guarantee)
t4al & admljjlstradve Informadon
tor the yeAr ended 30 Novem￿ 2025
Charity name
The So¢i¢ty of Ploughmen Ltd
Company Numixr
01083310
Charity Number
1062780
Registered Office
QuaTry Farm
Tiekhill Road
Loversall
DOn￿￿r
DNI19DH
Chairman
Directors & TTUStee$
JD Chappell
PJ Froom
CW Halliday
JP Hill
RWF Laybourn
DJ Thomlinson
ML Turner
SJ Cheesman
GC Sutton
Secretary & Chief Executive
SFrith
Independent examiners
The Barker Parniership
24 High StT¢Ct
Pateley Bridge
HarADgate
North Yorkshire
HG3 5JU
Page I

The Society of PIoD8hmen Ltd
{a company ]Imlted by guarantee)
Trustees annual report for the year ended 30 November 2025
S¢rnc¢ur4 governance and mgnagement
The Society of Ploughmen Ltd was fornied as a priv*¢ limiied company undei a memorandum & articles of
ass￿latIon on the 23rd November 1972. These were amended by a sp¢¢ial resolution on the 20th Febrnary 1979
and then replaced by new grti¢les of associgtion, passed al the annual general meeting held on the 4th March 2019.
The company has no share ¢apiial and is limited by guaran*e.
On the 10th June 1997. The s￿Iety of PlOughM￿ wa5 accepted as a registered charity.
In accordance with the anicles of as￿latiOn. the directors of the stKiety shall hold their office for 3 years from the
dale of their appointsneni, at which time they shall offer their retirement of their office at the next scheduled annual
meeting. Ai each subsequeni annual general meeting one third of the directors MUU offer their yctiremenl from
office.
ObJe¢tlves & adivities
The charity's two main objectives are PTomoting and en¢owaging the arL skill and science of ploughing the land and
lo promote the annual British Plougkn'ng Championship to be held in GT¢al Britain.
The cha)ity is principally responsible for the organisation and manag¢m¢ni of the British National Ploughing
Championships and for managing England's World & European Ploughing Teams.
With more than 200 local ploughing societies affjliated to it 2nd a membership drawn from ploughmen and women
from all over the world, the Society is a vibranL thriving organisation and on influential member of the World &
European Vloughing i>rggnisatsons.
Achievements & perfornignee
The high poini of the Comp￿lt10n pl(wghing season each year is th¢ British Naiional Ploughing Championships.
This year. our 74th evenL was held on the 11th & 12ih of October 2025 at Allesley, Coventry by kind perniission of
the Brandr¢th family & The SirThomas White Thi￿.
Despite the fog which made viewing the competitions very diffjcult, the event was a success and enjoyed by all who
attended.
Internaiional compeuiions - The 2025 World Ploughing Contest was held in Prdgue, Czech Republic. The 2025
European Reversible Ploughing Championships was held Retford, England & 2025 European Vintsge PIou8hing
Championships wa5 a]50 held in Retford. England.
In order io meet the costs of running the British National Ploughing Championships. the Society raises in¢om¢ in a
variety of way5. These include entry fee5 to competitions, annual donation5 & sponsorship. working demon$￿tiOnS
& trade siands. Th¢ So¢i¢ty adds io this by rdising additional money through sale of souvenirs, raffles & tombol&
Financlal review
A summary of the results of the ye*5 activities is given on pag¢ 5-16 of the accounis. The charity reports an overall
Surplus of £3,417 (2024- deficit of £(3,984>).
Page 2

The Society of Ploughmen l.td
(a company limited by guarantee)
Trustees annual report for the year ended 30 November 2025
Reserves policy
The trusiees have examined the charity'% requiTemenis for reserves in light of the main risks of the chariiy. In Ihe
event of a cancellaiion of Ihe dnnuJl Btili¥h Pl()ughingi Championships, Ihe chariiy wrill lose d subsianiial proportion
of it5 incomc for that j.e￿ and ihe Tru%tee4 iherefore, hdve determincd that the level ot unrestricted reserve% of Ihe
charity muhL bc suffieLtnt ¢0 rvvcr ilt Ica.%t 2 ycarj ol. cxptndiiurc.
In the opinion of ihe Irustees, the present level of reserves available io the charity ddequaiely meets this requirement.
Statement of responsibilitie5 of the directors
Company Idw require% the dircclors lo prci)dtr linJnciJl stateinents for edch fiiiancial year. Undcr that IAW, the
direciors havc elcctcd io prepare ihe financilc I siaiemeni% iii accorddnLe with United Kinbidom Generally Accepicd
Accounting Practicc (Unitcd Kingdom AccountinL Standards nd appliLable IL1wI. In prepariiig thesc financial
statemen15 the direc(ors are required io:
seleci suitable ¢iceuuntiTJg policies and apply thcm con%i%tently.'
make Judgeinenls and esliniates thai are redsondble and prudent.,
slate wheiher applicable UK Acctrunling Standards havc bcen followed, vubject to any material departure&
disclosed dnd explaincd in the financial %tatcment%.
prepare (he financial statemenis on the going concern ba%1% unle%% it ]% indpprupriate to presume that ihe company
will continuc in bu%in¢s%.
The directors are responsible for keeping proper accountinLi record% which disclo%e wilh reasonable accuracy ai any
tim¢ th¢ financial position of the coinpany and t() en2ble Iliem lo ensure (hat thL financial %tat¢ment4 Lomply with
the Companies Act 9006. They ar¢ also responsible for sal'ebJuardinb the :i%sets ol- the company and hence for taking
rea%()nabl¢ %teps foi the prcvcntion and detection of fraud 41nd othLr irrcguldritic%.
Small company exemptions and auditors
Th¢5¢ finuncial %totcments liuvc bccn pr¢pnred in UCL'ordoDo¢ with th¥ speoiol provi%iong llvdilable for .%niall
¢ompanie% under Pdrt 15 of Ihe Companie% Aci 2006. therelore an Judii has not been carried out.
Thi% tepon was approved by the trn%tees on ........
signed on lis behalf by
Trustee signature
Trustee signature
T￿￿tee name
Trustee name
Date
Date
Page 3

The Society of Ploughmen Ltd
(a company limited by guarantee)
Independent examiner's report to the trystees on the unaudlted flnanoial statements of The Society of
Houghmen
I Termm on the accounts of The Society of Ploughmen Ltd (charily number 1062780) for the year ended 30
November 2025 which ar¢ s¢t out on pages 5 to 16.
Respecdve rosponsibilitia of trnstees and independent examlner
The charIt￿S trustees are ￿spOnsible for the preparaiion of the xccounts. The trnsteLs cnn8ider Ihat 2n audit
is not required for this year undw part 16 of the Companies Act 2(M)6 & sec¢ion 144(2} of the Charities Act
2011 (the 2011 Act). and that an independent examination is needed.
It is my ff5ponsibility to:
examine the 2c¢ounts under seciion 145 of the 2011 Ac
to follow the procedures laid down in the general dire¢¢ions 8iven by the chariiy commission under
Section 145(5)(b) of the 2011 ACL and
to slate whether particular matters have come io our attention.
Basis of indepeDd¢nt examiners ststement
My examination was carried out in accordance with general directions given by the charity commtssion. An
examinauon includes a review of the accounting ￿e0rdS kept by the charity and a comparison of the accounts
presented with thos¢ r¢¢ords. li also in¢ludes consideration of any unusual i￿S or disclosures in the
accounts and seeking explanations from all trustees concerning any such matters. The procedures undertaken
do not provide all the evidence thai would be required in an audit, and consequently no opinion is given as
whether the accounts present a 'uue and fair view, and the is limited to those maii¢rs set out in the
statement below.
Jndependent exall￿nerS Statement
In the course with JT]y examination. no matter has come io my attention.
(i) which gives me trasonable ￿use lo believe that in any material r¢sp¢¢r the requirements:
lo keep pri)per a¢￿￿n[ing records in accordance with seciion 386 of the Companies Act 2(MJ6:
to prepare accounts which accord with the a¢counting records, comply with the accountin8
r¢quir¢m¢nts of section 396 of the Companies A¢t 2006 and with the methods and principles of
the Stht¢m¢nt of Rccomm¢nd¢d Practice: Accollrttin8 and Reporting by Charities have not been
(li) ro whi¢h, in my opinion, attention should be drdwn in order to enable g proper understanding of the
accounts tt) be rea¢h¢d.
23l1)3 .
D4vld Thorn￿ ACA FCCA- Independellt Examlner
The Barf(er Pannership Limi*d
Chartered Accountants
24 High Streei
Pateley Bridge Harm8ate
HG3 5JU
Page 4

The Society of Ploughmen Ltd
(a company Ilmlted by guarontsel
Statement of flnanthl acdvltles (Indudlng ineome and expenditure account)
for the yeAf W]ded 30 Plvvwiii*r 2025
UnrL8tri¢¢ed Restri¢¢ed
Note Funds
2025
Totsl
2024
To¢al
In¢omlng resour¢e8
Income and endowmeDts from:
Don￿ionS and legacies
Charithble a¢tivitie5
Other trading activities
Investments
12.086
137,301
3.822
7.755
12,086
137.301
3.822
7.755
4,436
78,887
2,746
6.792
Total
160.964
160.964
92.861
Resources expended
ExpeDdl¢ure on:
charl￿ble actlvliles
Other
io
li
83.0(M)
74.547
83.000
74.547
25.970
70,869
Totsl
157.547
157.547
96.845
Net movement In fimds In the yeftr
3.417
3.417
(3,984)
Reconclliadon of funds
Totsl fund5 bTought forward
331.895
331,895
335,879
Total funds canled forward
21
335.312
335,312
331.895
The slatement of financial aciivities includes all gains and losses in the year. All incoming resources and
resources expended derive from continuing a￿1VId¢s.
Page 5

The Society of Ploughmen Ltd
Balance sheet
as at 30 November 2025
2025
2(Q4
Notes
Tangible assets
12
32,668
41.899
Current Assets
Str￿kS
Debtors
Cash at bank and in hand
13
14
15
477
10.176
304.617
227
10.014
303.138
315.270
313,379
Credltors: amounts fal]Ing
due wlthln one ye#r
Net Current 455ets
16
(12.626)
{23,383)
302.644
289,996
Total A&sets Le&s Current
Liabilities
335,312
331.895
The funds of the charity
Unrestricted funds
21
335,312
331.895
Total ch8rity funds
335,312
331.895
The directors, s¢a¢¢m¢nLS required by Section 475(2) and (3) are shown on the following pa8e which fornis
part of this Balance Sheet.
The notss on pages 8 to 16 form an integrnl part of those financial ststement&
Page 6

The Soeiety of Ploughmen l.td
Balance sheet (coiitinued)
Directors. statements required by Section5 47512) and13)
for the year ended 30 November 2025
For the year ended 30 November 2U25 the company entitled io exemptivn from audit under section 477 of
the Companies Act 2006 relating io Small companies.
Directors. responsibilities..
The members hdvc not required ihe company to obtain an audit of its accounis for the year in quesiion in
accordancc wilh section 476; lind
• The directors acknowledge their rcsponsibilities I'or complying with Ihe requiremenis of Ihe Aci with
respcct to accounting recorrts and Ihe preparaiion ot accounts.
These a¢¢ounts have been prepared in accordance wilh the Financial Reponing Siandard applicable in the UK
and Republic of Ireland (FRS 1021, issued 10 July 2014, with the ChariiieN Aci 2011 & ihe Companies Act
2006.
SJ Chccscman
Chairman
Registration number 01083310
The notes on paRes 8 10 16 form an inte2ral par¢ of these financial statements.
Page 7

The Sodety of Pioughmen Ltd
for the year ended 30 November 2025
Aetounting policies
1.1. Basls of accounting
accounts haye been prepared under the historical cost convention with items recognised at cost or
transaction value unless otherwise stated in the relevant noies to thc accounts. The accounts have been
prepared in accor￿ with the Sia*ment of Re¢ommertded Prdctice.. Accounting and reporting by
Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102). issued 16 July 2014, wirh the Charities Act 2011 & the
Companies Act 2006.
11 Fund gccounting
Unrestricted funds are available at the discNion of the management committee in furtherdnce of
th¢ genml objective5 of the Charity.
IJ. ltteomlng resourtts
Reco2nStlon of assets & income
Income is recognised in the Sthtement of Financial Activities (SOFA) when a transaclion or otheT event
results in an increase in the charitys &ssets or a reduction in its liabilities. Incom¢ is only ￿Qgnised in
the accounts when all of the criteria regarding entitlemenL probable and measurement mel.
Recognltlon of 8rants And donAtlons
Income 1$ only recognised in the accounts when all of the criteria regarding entitlement. probable and
measuren￿nt are met. In the case of a grdnt. evid¢nce of eniiilemeni usually exisrs when the fornMI
off¢r of funding is communicated in writing to the charity. Howev¢r. in the event that conditions are
placed on the grant. those conditions must be mei before income is recognised. In the case of a
donation, entit]ement aTises immediately on its receipt.
Investment income
tncome from interest is recognised when its receiw is probable and the amouni receivable can be
measured a￿Ur4￿]y.
1.4. Rewurces expended
Recognldon of Ilabllldes & expendlture
ExpenditUTe is the amount of a charitys resources that have been Spent or otherwise used in casrying
out its acuviues. An expens¢ results in either a d¢crease in a Ch￿11Y,S &SS¢L8 or an increase in ils
liabilities. Liabilities and expenditure are only recognised in the account5 when all of the criterta
regarding entitlemeni. Probable and measuremeni are meL
Governanee eosts
Include the costs of the preparation and examinaiion of the accounts. the cost of tThStces'
meetings and cost of arty leEal advice to the trnstres on govemance or constitutional matters.
Governance costs are only recognised in the accounts when a]1 of (he criwia rewding entitlement,
probable and measurement are met.
Page 8

Yhe Soclety ofpknughmen Ltd
Notes to the financial statements
for the year ended 30 November 2025
. conlinued
1.5. Employee benefits
Employees benefits include all costs Incu￿ed by the ¢haTiiy in exchange for the servi¢¢s of its
employees and any r¢mun¢rai¢d ffiJste¢$. Expendlture is recognised for all employee benefIts resultin8
from their service to the charity during the reporting periLyJ unless the staff costs have capitalised
as part of the cost of an asset.
l.& Tanglble r￿ed ass¢ts and depr¢¢lation
D¢pffciation is provided at ra*s calculated to wri* off the cost less residual value of each asset over its
expected U￿ful life, as follows:
Plant and machinery
Motor vehi¢l¢s
15% on a reducing balance basis
25% on a reducing ba12n¢e basis
1.7. Le8sln1
Rentals payable under OFtrating leases are charged winst income on a straight line basis over the lease
IA. Stock
Sio¢k of souvenxrs. which represents g(KNJs for resale have i%en valued ?( the lower of wst and net
realisable value.
1.9. Petssi0o$
The pension costs charged in the financial siatements represent the contribution payable by the
company on b¢half of its employee during the year. These are included within wages and were £4.192
(2024 £3.698).
1.10. Thngncial instrnments
Fjnancial instrurnents are classified and a￿oun￿d for, according io the substsnce of ¢ontractua]
arrangemenL as either finan¢io1 ossets. financial liabilities or equity instrument5. An equity
instrument is any contrdct that evidences a residual interest in the Lssets of the company after
Turnover
Thrnover, stated net of valued Added thx, has been derived from its principal activity wholly undertakeD
in the UK.
Page 9

The Soclety of Ploughmen Ltd
to the financial statements
ror the yegr ended 30 November 2025
. continued
Net incoming resources for the year
2025
2024
Net incoming resources is slated after charging:
Depreciation and other amounts written off tangible assets
10.144
13,231
and after creditsng..
Donations
Jnterest receivable
12.086
7.755
4,436
6.792
Staff efysts
2025
Number ofemploye¢s
Th¢ average monthly numbers of employees
during the year were:
Employment coxts
2025
Gross salaries & national insurance
Pension costs
41,601
4,192
37,517
3.698
45.793
41.215
No employee rtteived remuneration. expenses or benefits exceeding £60,(MX) duTing the year.
Fees for Independent examlDatioD of accounts
2025
2024
Independent examiners fee
1,810
1,730
Page 10

The S¢)¢iety of Ploughmen Ltd
Notes ts* the flnandal $tst¢w¢Dts
for the year ended 30 November 2025
.. continued
Donations and legaaEs
2025
2024
Membership donations
Trade donaiions
Donations & concessions- ¢aterin8 & ice creatn
6,￿6
1.304
4,776
2.320
1,275
12.086
4,436
Charltsble adivity itieome
2024
Subscriptions
Sponsorship
Entry to Competitions
Receipts at Ga
Adva￿ed Tickei Sales
Working DeMOnstr￿10n5 & Sthnds
Surplus on Raffle
2025 European Championships Income
Programme Sales
Caravan Parking
Practice pl￿$
23.236
23.802
5,450
4,228
4.819
21.638
10.857
11.855
1,887
57,094
7.355
17.196
1.764
613
288
200
471
137,301
78,887
Other tr4ding activiti£s
2025
2024
Surplus on Sale of Souvenirs
Ploughmens Travel Award incl seminar swplus
Gift aid refund
Sutthy income
1.283
970
1,419
936
1.810
3.822
2.746
Page 11

The Soady of PIou8hmeD Ltd
r4otes to the IInancl￿ $¢atements
for the year ended 30 November 2025
. continued
Jnvestments
2025
2024
Bank Interest Received
7.755
6.792
7.755
6.792
10. Charitable ac¢lvlty costs
202S
2024
2025 European Championships Expenses
Show Expenses
Advertisin8
Hire of Site ￿ll1Pment
Maryuee hire
Toilei hire
Mementos. awards & trophies
Steam Engines
40,682
9.463
2.074
1.175
3.116
2.000
5.402
8.272
1,842
1.409
2,987
.935
4,993
500
Mstch pureh&AeA- sien*. h2nners. etc
Rent
Meetings. Sile Visits, AcComM￿l&ll0n & Meals
Motor EX￿AgeS
Motor vehicle depreciation
Surplus on sale of motor vehicle
2,579
2.128
3,025
9.305
2.498
1.910
2.979
12.407
(16.574)
83,IXK)
25,976
Page 12

The Soclety of Ploughmen Ltd
Notrs to the finatt¢io1 statements
for the ytAr ended 30 November 2025
. continued
11. Other
2024
Affilia¢ion Fee4 World & European Ploughlng
World & European Match Expenses
Ploughmens travel awards
Website and compufrr costs
Repairs & Renewals
Wages & employer pension contributions
Telephone
Printing. postage & stationery
Depreciation on equipment
2,761
1.189
3.750
1.686
532
45.793
546
8.626
839
2.741
1,279
41.215
7,386
824
F li
L£asing of office equipment
Bank Inierest & Charges
Light & Heot of OffIce
Insurance
Accountancy
SundTi¢S
329
312
1.212
.957
2,931
.730
216
2,142
3.012
1,810
92
74.547
70.869
11 T4n8lble flxed a&sets
Plan¢ and Motor
madthiery vehicles
Total
Ai l December 2024
Additions
32.302
912
49.626
81.928
912
At 30 November 2025
33.214
49,626
82,840
Ai l December 2024
Charge for the year
27,621
839
12.408
9.304
40,029
10,143
At 30 November 2025
28,4(
21.712
50.172
Net book values
At 30 November 2025
4.754
27,914
32,668
At 30 November 2(Y24
4.681
37.218
41.899
Page 13

The Soclety of Ploughmen Ltd
Notes to the financl41
for the ye4r ended 30 November 2025
.. continued
13. StodL8
2(125
2024
Stocks of swyenirs
477
227
14. Debtors
2025
2024
Trade del)tor5
Prepayments and accrued income
6.377
3.799
6.663
3.351
10.176
10.014
15. Cash at bank and In hand
2025
21124
National Westininster Alc
Paypal Account
National Saving5 Income Bond
Santander
Lloyds TSB Alc
Scottish Widows Fixed Terni
170,708
71
96.611
224
42.452
86.386
66.193
85.110
50.0(K)
304.617
303,138
l& Creditors: amounts falling due
within I￿¢ yegr
2(125
2024
Trdde creditors
Other tsxes and social security ¢osIS
A¢cruals and defe￿¢d income
14,123
7,280
1,980
8,611
2.108
12,626
23,383
Pgge 14

The Society of Ploughmen Ltd
Nots5 to the finyucial Statements
for the year ended 30 November 2025
.. continued
17. Taxation
The Charity'$ activities fall within the ¢xemptions afforded to Charitable Companies undeT sections
466 to 493 of the Corporation Tax Acl 2010 ICTA 2010). Therefore no tax is cal¢ulaied on Ihe sutplus
for the year.
l& Company ]Imlted by ￿arantee
The SsKiety has no share capital as it is limited by guarantee.
19. Analy515 of a￿ets between funds
Total
funds
funds
Furtd balances ai 30 November 2025 as represented by:
Tangible fixed assets
Cll￿nt assets
Cutrent liabilities
32.668
315.270
(12.626)
32,668
315,270
(11626)
335.312
335,312
Related party traDsactlons
No trustees received a remuneraiion for services rendered. however. when incurred. trustees are
reimbursed for out of pocket expenses. No trustee, or Anyone connected with a mistee. has a material
interest in any of the charitys transactions.
Page IS

The Society of Pknughmen Ltd
Notes to the fi￿￿¢141 statements
for the year ended 30 November 2025
. continued
21. Allalysts of funds
At IDcomlnE
Outgoing
l Dec 24 resources ruour
At
30 Nov 25
Unrestricted funds
Restricted funds
331.895
160.964
(157.547)
335.312
Total funds
331.895
160,964
(157.547)
335.312
The p￿r￿Se of the unffstricted funds comprise funds which the trustees are free to use in
accordance with the charitable objectives.
The restricted funds ￿mPriSe the funds received which are restricted to the expenses in whi¢h they relate.
Page 16