Charity rnglstration number 1182B36 Company vegistration nnber 107814TO (England and Wales) PENISTONE AGRICULTURAL SOCIETY LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
PENISTONE AGRICULTURAL SOCIETY LTD LEGAL AND ADMINISTrATIVE INFORMATION Councll MrMRIWr Mr N Hoyland Mrs P M Atsop Miss J Ckgg Mrs P Basham Mr N Woodhams Mr B Meek (AFPCIted 21 Novamber 2023) Charlty numbfrr 1182836 Company number 10781470 Registered office Biwjge Street Penistone sffie South York4¥re S366 IndopMd•fit •xamlner Shiwn Limrted k ChwT*)er$ Stre8t Huddersfie&l HD1 2EW
PENISTONE AGRICULTURAL SOCIETY LTD CONTEKrs CouncAI's rewt Slatewngni of Councs wespunsiMIrts Indepen(Jent examu*rf$ rwt Slalemenl of firwiial adiiAbe$ BalarKe Sheet Not to Ih& financial slatenw 8-17
PENISTONE AGRICULTURAL SOCIETY LTD COUNCIL'S REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Counul y8senl thèir annual r8port and ffinancial slalemènts th• yw ended 31 Decemb8r 2023. The finalal stateThnIS have been prepared in accordance with the a0untIng set oul in nole I lo the financi statentS and comply with Ihe Sooety's goveming docwnenl. the Comp¢e$ Acl 2(K6 and 'AccounliThJ and R¢portiThJ by Charilies: SMnt of R9¢OnN¢ Pra¢ti¢¢ apt4i¢ablo to charrfie$ tw¢paring Iheir accounts in a¢dance the Fmanryal Repl¥j Stsndard applicab in the UK and Republic of Ireland {FRS 102). la5 amended for a(xx)unling pwtods commencing from 1 January 20161 Oblectlves and aclfvltles The Soaaty's objects are lo promolo advance agri11? and hLYtKxthU for benefit of Ihe publi¢ in Peni$lone and 5wrounding areas by hold1 exl¥bilions and dasse5 of breediThJ aNI other stocJ(. agricultural implemenls and suth other dasses, displays and exhibrtions connected with alCUlture. horticuNure and the shcw as be deterniined by the trustees.. thereby encoLwaging thll ¥j dUStry in agriculture and in allied trades. craft and professtcms ujnnected with the rural economy. . to make such grnnts 8nd to wsttted th1115 and ¥cAuntary cAyankll0ThS that beneffil the pubbc in Penistone and surrouThkng areas, a5 trustees shal from b.me lo time determine. to make such grants that assist resrdents in P8nistone and thg surroundin9 areas to further Iha education in t8$. ¥o¢alions. and profess$ linked lo a9ricul¢ure. h0rtKLkn1 or otlw trades cLx)necled Its Ihe rural e¢on(¥ny. Ihtough wnisgd trainv)g by indivJuab or educational estsblishments. To this end the Swety hcAds an annual one4ay agrIctLal Sh and sUPPOrts and w(Yks ryih a number ol local charitable organisations to enable it to bring the show to the publK. The Councrf have due rega lo gi¥d•e is81 by Ihe Ch8rty CoMmiss)n Mi deuding what actilieS Ihe SorAety should undertake. A¢hl?vem•nts and p•rfomian¢• The definitety "had his hat on" for our 15(Mh sh. We rely apprecaale everybody wtho came despile Ihe heat from Ihe wsitors to Ihe 8xhibitors. animals. traders. and $prs0. Since the Irailet fire18le in 2021. we have iwi l(¥lvnate lo berrt from addrtK)fbal sloiage lacylrtTre5 prowded by our supporters., bul wrfh the extension of the exi51ing hard staNThJ on Ihe show fiekl we ale planning lo enhance our on-site facilrties rea¢ty for the show 2024. The wish to record theii gratitude to our teams of Volunteers over the years who have made our show happen 150 limes and knk fowrd to Ihwr support kn making txjr 1514 sh( bigyer and bètter Ihan ever. FIna[al review The lolal income for the year amounted lo £235.075 and re50Urn%5 expensed Ihe ye81 amounted to £214,822 resulting in a nel surplus of £20.253. This compares wilh the wevicwjs accounling period from 1 January 2022 to 31 December 2022 which showed income of £218.723 aThJ $oLces expended of £179.246 resLlting in a nel suwlus of £39.477. We were pleased lo support Iw21 chtIeS wlh discounted and free trade stands al Ihe show from our dÈsigned fund and havin9 taken wilo aCcAl except itèms for thè yÈar the iruslÈes have agreèd a further £1,349 be sel aside for the designated fvrKI In 2023. TS lav81 of reserves has b88n fnainlaiwj Ihrouglmwt thè y•ar. 11 is the policy of the Society Ihal unreslwKted ftd5 Twhith ha not been deSnaled for a speLific use should be maintained al a level equNalenl to belween three and six month's expenditure. The Council consider that reserves at this level will ensure that, in the event of a s1gnffnl drop in lun(ling, they will be able to conlinue Ihe SocJ'ely'$ wrrent activiiies while consideralion is g*ven to ways in whth addlnal funds may be raised. Thi$ level of reserve$ has been maintained throughoui the year.
PENISTONE AGRICULTURAL SOCIETY LTD COUNCIL'S REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Counal have assessed Ihe rna1 risks lo vthich Ilk Society is exposed. and are salisfd that systems are in pe lo mitigate exposure to Ihe majrK rtsks. Structure. governanc• and m#nagement The Society Is 8 registered charty and was 20 May 2017 as acx>mpany limited by guarantee and hawng no share capital. The Counol. who are also directors for the puwose of oynpany law. and Wr served thjring thè year ano up lo Ihe dale of signature of the ffinandal stslemenis were.. Mr M R Oliver Mr N Hoyland Mrs P M Alsop Miss J Clegg Mrs P Basha K4r N Woodhams Mr B Meek (Appinted 21 N0Mber 2023) In a)rdance wrth the Artws ofAssociation. any pers who is wilkry lo a(a as a director. and is permtited by law lo do so. may be appointed lo be a dyed.. {al by ordinary resolulion,. or (bl by a decision of th& dir8dors: or A person ¢e88es lo be a director 3$ soon as", (al by virtue of any pro¥&ision ol CA 20C6 or is prth'bite(l from being a tjredcff ty law.. or Ibl a bankruptcy order is made against that person- or (cl a composition is made with thal person's ueditors generaly n satisfaction ofthat person's debts., or Idl a registered medi1 praetilioner wtho is treatiNJ Ihat persc#i gi$ written opinion lo Ihe ¢ompany Ststing that thal peison has be<x)me physi¢aty or ment4y WKgpabk of a(liNJ as a thredor and may remain $0 for more than three month$: or (el notification 1$ received by the company from the director that the dyector Is re5igrfflng Irom office ad as such resignation ha5 taken effect in accordance with its tem)s.' If) is absent wilhoul the permission of the directors frcrfn am Ih8ir maetings held wilhin a period of six consecutive months and lh8 direciois cèsolv& Ihal hk8 or offKX is Vacalod". or Ig) ceases lo be a momber of Ihg ¢harrty. At oach annual gene[ MeetW one Ihyd of the dwectrys are required to Tetire ty rolalion. Tho directors lo retire by rotation a those have been bj¥je in oifKe nce their last apIntment. Nonè of thè Council has any b•fiCIal interest the compat)y. All of the Councl are MberS of the company 8nd guarantèè to conlribule £1 in th& è¥ent of a winthng up. The companls current pob'cy Concerrn9 the payment oftrade creditors ts to fcthjw the CBI'S Prompt Payers Code {copies are available from the CBI, Centre PnI. 103 New Oxford Street. London WC1A 1DU). The (xjmpanls curtenl poh'ry concerning payryEnl of traijp LyeditO lo: setlle the terms of payment wilh 5uppliets when reeIng the lerm5 of each trartsaction., ensure thal suppliers are made awnre ol terms of payment by indus)n of the relevant lemis oJnt¥acls,' and pay in accordance wth the comparrfs contra31 and other18gal ot4igalions. Each of the Co01 has nfimd thal there is no infom*knn ol Ihey we 8waie which is rèlevant lo the independent examination, bjt of which dePendent erner is unaware. They have further confirmed that they have tak apwopriate steps to identify such relevant ntom)aiion and lo esiablish that independenl èxaminor is awaro of lifMalI0n.
PENISTONE AGRICULTURAL SOCIETY LTD COUNCIL'S REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEAIBER 2023 The Councif5 report was approved by the Board ol cn(. Mr N Hoyland Coun¢1 member Dated.. 18 June 2024 N Vloothan Cournul member Dated'.18 June 2024
PENISTONE AGRICULTURAL SOCIETY LTD STATEMENT OF COUNCIL'S RESPONSIBILrriES FOR THE YEAR ENDED 31 DECEMBER 2023 The Council. who are also the diredors of Penistone Agriojturnl Sty Ltd for purpose ol company law. are sponsible for preparing the CoLmcls Rept)ri and the fnaneAal stslements in acoNda with applicable law and United Kingdom Accounting Standards IUnit¢d lQ"ngthJm GeneraJtyAccepted Atxounling PraclThl. Company Lw requires 1he Council lo prepare fmanual statemenls for èacth financial year which gNe a true and fair View of the stat8 ol affairs ol the Soryely and of the m¢omwvJ resource5 and aFWication of resources. induding Iha income and &xpgnditure. ot the Charitable company for that year. In preparing Ihese ffinancial stst8m8nts. thÈ Councl are requwed to.. - select suilable accounlin9 [1£eS and then apthi th&m 0St•. - observe the mèthods prrncs in ihe SORP.. . make judgements and estunates that are reasonable pn#lent', - Slate vthelhef appkablè UK Aectyting Stands have been fd. suL¥8Ct to any maleiiai departures disdosed and explained the financial siatemerrts: and - piepare the finanal 51alements gtyng forKem basis unless it is inapwopiiale to Presume that thè Soaety ¢onliNe in operation. The Counc41 are responsible for keeping adequatè accwnltng rÈ¢ords that thsdose with reasonable awracy al any me the finaneAal position ol the &Iety and enable them to ensure that the finarnial statements ccrfnply with the Companiès Act 2006. They are also res$Ible for safeguarding the assèts of Ihe Souety and hen¢¢ for laking reasonaL4¢ steps lor the preveniion and detectn ol f¥aud other 1rffjgulaiil$.
PENISTONE AGRICULTURAL SOCIETY LTD INDEPENDENT EXAMINER'S REPORT TO THE COUNCIL OF PENISTONE AGRICULTURAL SOCIETY LTD I repori to thè Council on rny examabon of Ihe fnaThial stslements of P8nistone Agricultural Society Ltd (the So(¥etyl for the year ended 31 December2W. Responslbiliti•s and ba81# of rwrt A5 Ihe Counal of Ihe So¢iety ld a150 its drectcffs for purw of mpY law) you r95ponsible lor the preparation of the finanual statements in accordancè WI the wuiremenls of Ihe Companies Act 2W6 Ilhe 20( Aot). Having SathSrd mys•W that the fnancial sLements of fv Sowty a nol reqwed to be audiied under Part 16 01 the 200S Act and arè eligitrAè for independent exawdnalion. I rep1 in res of my examinatK>n ol the Soc4ety's financial $talèmgnts ¢aftied oul under seclion 145 of Ihe Charilie5 Aca 2011 (the 2011 Aell. In Carrywig out my examinalion I have folowed aH Ihe app&Cab DweCamy gr• by the Charty CcrfnmissK)n urtder section 145151(bl of Ihe 2011 Act. Ind&pend•nt •xaminerf8 8tatern•nt I have rmleted my examination. I confrni Ihat no mailers have rrn lo my attent)n in eonnecb.on wilh the exanNnation giwng mè causÈ lo beleve ihat in any merial SpecI.. ae£ounl'ng records We nol kept in respect of the Socièty as reqed by seclion 386 of 2Cth Act.. or the finanaal stalemenls do not accord with Ise rec(ffds', or the financlal statements do not [lty wrth the xcountThJ reql1rennl$ of section 3% of the 2Cth Act other th8n any requirement that the a¢o)unls gr¥e a In and fair whth is not a matter consideco(l as part of an independent examination", or the finanoal sialemarrts have not been prepwed in acco(da with the methods and prinpS of tho Statement of RewnmeThJed Practice acc(ting repNt¥)g by c*arities apph"¢abl¥ to Charitiès preparing their a¢1$ in accordance with the Financial Rewling SIdard aFvli¢ablo in Ihe UK and Republic of Ireland IFRS 102). I have no c(mrn5 and have c(#ne across no other matters in conn8Ctw)n wilh thÈ examinatn to which allentn should be drawn in this report in order to enable a proper r$nding of the finanryal slatements to be reachèd. son Wood Llmlt•d Bank Chambers Market Stre8t HuddersTId HDI 2EW Dated= 18 June 2024
PENISTONE AGRICULTURAL SOCIETY LTD STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEAIBER 2023 Unrtstricted Unrestrleled fvnds funds Gènèrnl Dosignated 2023 2023 Total Vnvestricted Unr•stricl•d funds funds G•n•ral Deslgnated 2022 2022 Total 2023 2022 Notes Incom• and èndowmènts from: Membership fees and sponsorship Charilabl8 activitiès other income 335 179,097 39,291 224.681 224.661 179.097 39.291 Tot•1 In¢om& 225,275 235.075 179,432 39.291 218,723 ndl Charitable activ•s 10,953 214.822 172.218 7.028 179.246 Net incoming resourc befove tran8fenB 21.4( {1.153) 20253 7.214 32,283 39.477 Gross trSfer5 between ftjnds {1.349) 18501 850 Net Income for yearl Net movement In funds 20.057 20253 6.364 33.113 39,477 Fund balan al 1 Januwy 2023 153,749 43.840 197.589 147.385 10.727 158.112 Fund balancès at 31 D•cembÈr 2023 173.8 44.036 217.842 153.749 43,840 197.589 Th¢ stalement of fanCIal adMS incknes all gains and losses rely)NSed year. The stalement ol finKial adiwlies Inrjudes 1 galns and k>sses In the year. Al income and expgndilvre derive from continukng acbvilE3. The slalemènt of ffinanaal actiyltles 0 with the requirements for an incxime and expènditure account under the Companies Aet 2(W.
PENISTONE AGRICULTURAL SOCIETY LTD BALANCE SHEET AS AT 31 DECEAIBER 2023 2023 2022 Fix•d ass•ts Tangible asset$ Inveslmonls 10 11 54,482 62.955 54.483 62,956 Curront assels Debtors Cash at bank and in ha1 12 223 170.867 1.240 144.478 171.tml 145,718 Creditorn: amounts lalllng du• wlthln one year 13 7.731 11.085 Nel current assets 163.359 134.633 Total assèts l••s current Ilabllilie¥ 217,842 197,589 Th¢ (und$ olthe Society Unrestricted funds- general Unrestricted funds- designated 173.8C 44.036 153.749 43.840 217.842 197.589 The company is enlilled lo the exemplion fr( the audit ulement contaThd in s8Cti(m 477 of the Cornpanies Act 2006, for the year ended 31 December 2023. The directors ad(nowledgÈ thÈir nsItXIknes conwlyirvj the Tequiremenls of th8 Ccfflpaniès Act 2006 with respgcl lo aUting reoyds the preparath)n of finanejal ststemenls. The members have not rewired th? compwy to obtain #n aurfrt of its rJaI slalom15 ts the year in question in accordance with seclion 476. Thes8 finan¢ial $tsternenls have been prep¥ed in a¢¢tyda* wth the wowSS applicatAe lo Companies subject lo the small Companies regime. The financAal slatements re approved by the Cound on 18 June 2024 Mr N Hoyland Trn$teo Mr N Woothams TnMt•• Company registrath)n nwnber 10781470 (England and Vlales)
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAI8ER 2023 Accountlny polkl•s Charity infornialion Penistone Agricullural Society Ltd 1$ a wiv81e ts)rnpany ted by gwantee incorw)rated in En9land and Wales. The regislered office is Bwvjge Street. Penne. Sheff*kl. South Ycrfkshire. S36 6AJ. 1.1 Accounllng ¢onvention The financial $lalements have been Prepared in accordance the SOCIets govèrnin9 document, the Companies Act 2006 and "Accounling and Repcrtlx ty Charities.. Statement of Recornmended Practice appllcable lo charities preparing their in accordance wrfh Ihe FanCIal Reporiing Standard
ppli¢able in Ihe UK and Rep11¢ ol Ireland (Ffts 102)" (as amended for accounting periods wnmenryng
frorn 1 JanUY 2018). The Soriely 15 a Publ Benefil Entity as deffin by FRS 102. Thè Society has taken advantage of the prmish ¢he SORP for ctharith?s appI.j FRS 102 Update Bulle1in 1 nol to prepare a Stalement of Cash FkN5. The financaal slat8m8nts art prepared n slerfry. wtiich 1$ the ojrrry of Society. Monetary am%)unts M) these fin8nc4al slalements ¥e rounded lo the neares1 £. The anual slatem&nts have been pad under Ihe cost convention. The princyal accwnling polirAes adopled arg set out below. 1.2 Golng ¢on¢em Al the of appro¥irvJ the finanaal slatements, the CourKal have a reasonabl• exp8ctatKJn that Ihe Society has adequale resour¢xs lo continue in operalion81 existence for the foresèèable future. Thug ihe Council M)tinue lo adopl the gory concem basis of ac£ounlry in wewng Ihe financi 51atewnls. 1.3 Charltabkn funds Unr8StricJed lunds are available for use at ts th"SL¥etion of the CO in furtherance ol their tharitatle cJI8Ctis. Dasi9naled fund5 0)mwise fund$ have bpen se¢ aside al the diScren of the Councl for spocific pwposes. The purposes and uses of the thslgrted ar8 set in thè notes to the financial statemtnts. Restriejed lurKls are subieci to W)8tyfK (x)ndrtKs by donors of grantors as lo how Ihey may be usg(l. The purposes ond uses of the reslri(aed hJrKls are sel out in the nc<es lo thè fin8ncAal statements. Enth)wment funds a $ubie¢t lo Condrts by donors Ihat Ihe capital must be mainla1 by the Sociely. 1.4 In¢omo Income is recognised when the S¢¢iety is kgally entitkd to it after any performance conditions have been mel. the amounls can bè measured reliably, and it is probable Ihal income will be received. Cash donalioris arè recogniseil on re¢wpt. (eT donations a re¢o9nised once the Souety has been no1ifi&d of the donation. unless perfoanCe condthons require deferral of Ihe arnount. Incomè tax recoverable in relatK*n to (lonations Teceived LThJer GiftAid or deeds of )venant is rewnised al the tme of the donation. Legaci¢s are re¢ognised on receipt or othemse tl Ihe Society has been Tr)lified of an impending distribution. the wnounl is known. and receipt is expèthd. M tt)e amount is not knwi. tho gaCY is treated as a nlingent asset.
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounling polkl•s IContinu•dl 1.5 Expenditure Expermlilure is re(tr3nised the 1$ a leg or construdive lo Iransfer ecorMiC benefit to third pwty. il Is probable that a trwsfer of ecor•jM benefrts wld be reqired in settleme. and thè amount of the obligation can be rneasured reliably. Expenditu is das$1 by adiwty. The Costs of each are made up of the Ial of direct costs and shared costs. induding support costs invdved n ldertaknng each xlivity. Direct costs attribulabk to a single actiwty are allocated diredy to that aclimity. Shared costs whth contribute lo MO than ono actiwty and support costs which are nol attributable to a ngle actiwty are apFrt)rtk)ned beiween those activit$ on a basis consistent with the use of resources. Central staff costs alhxaled on the basis ol limè spenl. and dèpretiatKbn charges ar• aUotslÈd on the of thÈ assÈfs use. Expenditu is $tsled M an 8rxrn81$ basis and in¢#s added lax. 1.8 Tanglble Ilxed •$$ets Tangible fix8d assets arè initialty mèawred al ¢ost subseffj• meaSud at cost or Valuat1. net of deprotyalion an(1 arhy impaiwmenl losses. D8preaalon is racognisèd so as towiite off the c1 or vahJatK)n of assets $6 their fysldual valuès over their USeft lives on Ihe followvvJ bases.. Freehold land and buld¥)gs Planl and equiKent Fixtures and fitbngs Computers 25% 5traighl bne 15% straight fin8 33% straight line The gain or Ios5 arisiThJ on Ihe ¢Jsposal of an asset is detemiined as the difference been the sale proceeds d the carying value of the assel at)d is rewnised in the slalemenl of ffinanual a¢tiwknes. 1.7 Flxed asset Investments Flxed asset investments are initialy al transth pric8 exchjthnp transaclti)n costs, and are subselwently measured al fair value al èach reporlry dale. Changes in Ir valuè are re¢ognise(l in net IncL4mlexpenditUre} for year. Transadb)n (x)sts •e exponsed as iM%rred. A subsidiary is an entiiy conlrolled by th8 Soci8ty. Control th8 >wl to govèm fin#nci81 and opernting po14cips ol the enlrty so as lo obl8 beneffts from ts 8cb"vibe$. 1.8 Impalmiont of fixèd as•èts At each reportiThJ end dale, the Soo¢ty the cawrying arTKKWs of rt5 ta1b1 assets lo determine whether there is any indic*ion that Ihose asse15 have suffered an iryairmenl loss. If any Such indicatKJn exists. Ihe rÈ¢overable amtsunl of the assei is eslimated in order lo determine ihe exient of Ihe impairment loss lif any). 1.9 Cash and cash equlvalents Cash and cash equivalents inclLKJe cash in hand. deposrts hekl al call wrth barf¢s, Other short4emi liquid In$tentS with lginE4 malurilies of three months or less. and bank overdrafts. Bank overdrafts arè s)Wn within borrowings in current liabilits.
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng polle199 IContlnu•d) 1.10 Flnanelal In$trunnts Th Society has elected lo Ihe pffjwsions of secti 11 '8asic Financlal Inslrumenl$' arKI Section 12 'Olher Financi Inslwurnenls Issue5. 01 FRS 102 lo 1 of its f#)anoal lnslrunls. Financ4al instruments are reccJnised in the ScvBVs sheet then Ihe Society bec4)m8s party lo the contraclual prowsions of in$lrwnt. Finan(ial 8ssels and abil.eS are offset. with ihe net amounts Psented in Ihe ffinancial slalemenls. when there 1$ 8 leglY enforceable right to set off the recognised amounts awKI there 15 an intentn lo setue on a net basis or to realise the asset and satue W¢81. 8asl¢ flnan¢lalassets Basic finanoal assets, wl¥d) w)clude deblors cash and bank balances, are initiaNy measured at transaebon price induding transaclion cosls and are subseqt ¢arrigd al amortised cost Using the effective interest method unless the arrangernent constitules a finawng Iran5a¢tion. where the transaction is mea5UTed al Ihe present vakn of the futLwe rece¥)ts dis¢wnte(l at a market rale of tereSt. Finana4 assels das5ffied as receivabl• wiihwi one year ar not pAMNtsed. 8asi¢ finan¢lal Ilabili¢les Basic finanaal liabilil$. including crecltors and h)ans are iniiialty recognisèd at transaction pritte urdes$ arrangement conslrtus 8 financing Iransaclion, where ¢he debt instrumenl is measurgd al the present value of the lutwÈ payments th"s(a)unted al a martet rale of Inte${. Financial liabilities dassified as payable thin one year are not amCSed. Debt instruments subsequgntty wied at am¢xttsed cost. using the effective interest rate method. Trade ueditois are oblyalions to pay for goods semces that have téèn a(41r in thè ordirt course of operations fr SupleT$. AmoLWrts payable are dassified as ¢urr¥nl liablths rf payment is (e within one year or less. ff not, they are presented as non-currenl liabililies. Tiade creditors are Tecognised initially at transaction wice subsequentty measured al aMOrti cost using the elleclive terest mgthod. Derecognltloft of finn¢ialli•bilities Financial liabilities are dereco9rMse(I Siety's ojntracaval obli9atsons expire or dischargèd or canceNed. 1.11 Employ beneflts The cosl of any unused hdiday enlitknlenl is reco9ntsèd fft Ihè pericAI in wlwj) the employee's services are recebved. Temiination benefrt$ are regnIsed immedkgtety as an expense when lh& Socaety is d8monstrably committed to temiinatè Ihe en¥)loymenl ofan emFAoyee or Io Fwo¥ile lemiinalion b*ngrts. 10-
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Memborship fees and sponsor5hlp Unr•stslettd Unrèslrided lund$ fund general general 2023 2022 Donations grfts 335 Donations and gifts Olhèr 400 335 400 335 Incom? from charltsble aclivlties Unrestrfctsd UnYestri¢t•d funds fund$ 2023 2022 Show income 224.681 179.097 Other In¢omt Unrestri¢tsd Designated funds Totsl UnYestrl¢tèd Designated funds funds g•n•ral 2022 Totsl genernl 2023 2023 2023 2022 2022 Net gain on disposal of tsngiblè fixed 8ssets Insurance daims Lottery fimd income 194 39,291 39.291 39,291 39.291 11
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable actlvltlgs 2023 2022 Depre¢ialion and impawment Sh¢)w expense5 Lottery Projeet expenthiure 7,915 177,953 1,185 3,181 153,640 187,053 156.821 Granl fijnding of actbvibes lseo nolg 6) Share olgovemance cosls (see note 7) 1,8S3 25.916 21.963 214.822 179.246 An•tysl8 by ld unrestr1¢d fvnds- gengral Unrestrict8d funds- D&s¥81e(1 203,869 10.953 172.218 7.028 214.822 179,246 For th• y¢ •ndtd 31 D袢Nther 2022 Unrestricted fuThJs- general Unrestricted luThJs. Dgnated 172,218 7,028 179.246 Show èxponses Hife ol Marquee5 Prtz8 mon8y Trophyfbadge $1$ Fees Sh¢)w enlertalnmenl Hiie of equipment Printing Advertising & promOtn Deprèciation CateTing lunches & leas Queèn's Jubilee Evenl Expenses Repairs & Renewals 40,961 7,420 37.417 5.830 2.580 1.6 3.758 85.915 2,829 1.160 936 6.185 1.975 3.385 7.326 94,679 8,348 4,922 1,145 8,242 177,953 153.640 12-
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Grants payable 2023 2022 Grants to organisations 1.853 462 1,853 462 Support costs Support Governance costs ¢05ts 2023 2022 Legal and wofesgonal Insurare Rent & rates Tdephone WKI postage Sundry other govem¥Ke Bank charges Repairs and renew 1,320 3.385 2,860 45 2.339 588 10,449 977 4.522 4,522 2,8 2.419 2,419 1.234 11.908 415 11.)8 415 25.916 25,916 21,963 Analysed bets¥eèn Charf(able activities 25,916 25.916 21,963 Council None of the Council lor any perws (Jnwled th Ilwnl recNed any rem[v[al or beneffils trom the Soeièty during thè ye8r. Eryloyees The average monthty number of empkjyees dwing year was. 2023 Mwnb•r 2022 Numb•r The were no emoYeeS whose nUal iemLrratKJn was more Ihan £60.0J. 13-
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Tangible fix assets Frn•hdd Pthnt and Flxtuveg and C¢)mput•rs aod •4ulpm•rtl fftuhgs Cost Al 1 January 2023 Additions Disposals 27.668 24,012 12.744 3.478 716 (1.0) 67.902 716 11.000) Al 3108cember 2023 24.012 12.744 3.194 67.618 Dèpraelatlon and IMpaIrnnt Al 1 January 2023 Dewe(xalion thatged in th& year Eh'minated in respect of disposals 2.578 603 1.912 1,766 1,145 (8711 4.947 9.060 1871) Al 31 December 2023 8.S81 2,51S 2.040 13.136 Carrylng amount At 31 December 2023 15,431 10.229 1.154 54.482 At 31 Decèmber 2022 21,434 12.141 1,712 62.955 14-
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Fix•d assèt inv•stm•nts Other Inv•strnents C05t or valuation At 1 January 2023 & 31 December 2023 Carrying amount Al 310g¢emb&r 2023 Al 31 December 2022 2023 2022 Othèr investment$ ¢omyise: Investmènts n subsKlias 11 12 l>•btor• 2023 2022 Amounts falllng due T*lthin one year. Trade debtors Amounts owed by SLFbsidiary undertaking$ Prepayments and accnjed income 40 1.240 223 1.240 13 Crndllorn: amounts faling wiihin year 2023 2022 Det¢rrgd inoJme Trade creditors Accruals and deferred incorne 5.262 765 79) 8.91 1.389 7.n1 11,085 14 Share capltal The Society is a Company Imiled by guwantee and havN no Share cawial. The lablty of each member is limited to £1. 15-
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 D•$lgn•t•d fund8 Th• incoma funds of tha charity indudè fon¢wng desgnated fvnd8 whh have been sel aside out of unrestrf¢ted fvnds by tho trustees for spedfic purposes. At l J•nu•ry 2023 In¢omlng our¢ Rosourc•• •xpend•d Tranjfern Galng and 1088•1 At31 O•¢•mb•r 2023 Parn139 of profit to b8 1ss¢J•d as grants lo other organi$atl¢ns Funds towards bLMlding on show field Lottery Fund 4,311 39,529 11.8S31 <7,9151 11,1851 1,349 3,807 31,614 8,015 9,800 43,840 9.800 110,9531 1,349 44,0 Prevlou• yèar. At l J•nu•ry 2022 Incomlng RMourc•• our¢ •xp•nd•d Tr4n•l•r¥ aln¥ •nd lo•••• At31 De¢embr 2022 Percentage of profft lo be issued as grant8 lo other or9anisations Funds towards buildlng on show field 3,923 6.804 14821 16.5661 850 4.311 39,529 39.291 10.727 39.291 7.028 1850) 43,840 16-
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 An4ly$l$ of n•t a¥$•ts belw•on fvnds Unrn$tsi¢tsd Unrnstrl¢tsd funds funds g•neral D•signat•d 2023 2023 Totsl 2023 Fund balancès at 31 Dèe•mb•r 2023 ¥r• by: Tan91& assets Invèstmenis Current assetoIab1lI1les) 28.822 25.660 54.482 144.983 18.376 163,359 173.8(6 44.036 217,842 Unrestrktod Unr•8trlctsd lund$ fvnd$ genernl D•signated 2022 2022 Totsl 2022 Fund balance4 at 31 D•c•mb•r 2022 ar• r•pr•s•nt•d br. Tangible asset$ Investments Current ass8tsllliaLMlities) 33.575 124.368 10.265 134.633 153.749 43.840 197,569 17 Related party transactlons ThÈrÈ werè no dISthsab related paty trantOn$ tre year (2022- none). 18 Subsidiaries These fInJaI slalem&nls are sepwale Socw fuwnoal stslemenls for Penistor Agnrwttural So¢iety Ltd. Details of the Scoely's subs•Jiartes al 31 December 2023 are as lc1k.. Namp of underta*v Rggistere offie• Nathre of buslne¥s cla of % Held sharns held Dlrèet Indlrè¢t Penistone Agricultural Sh EnglaTrJ Limited AgrlwKural wnusemenl aThJ Ordinary reU•at1 acbirithrys shares 1LN).LKJ 17_