Chrfty rngijtration numbgy 1182836 (England and Wal981 Conwny registration numb•T 10781470 PENISTONE AGRICULTURAL SOCIETY LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024
PENISTONE AGRICULTURAL SOCIETY LTD LEGAL AND ADMINISTRATIVE INFORhlATION Coun¢ll Mr M R O&ver Mr N Hoyland IArs P MAWI Miss J Clegg Mrs P Baslwn Mr N IAtyJdhwns Mr B Meek Charfty numbgr 1182836 Company numb 10781470 Reglsterod offl¢• Klge &re Penisione Sheffield S(Mth Yorshre Independent examln•r Simpson Wood Linyted Bank chbe[S Met Strget HLerSf HD1 2EW
PENISTONE AGRICULTURAL SOCIETY LTD CONTENTS Pag• Counul's report Stat9mgnt ol Cou9r$ respowbimies Indepgndenl examinefs raport Stsiement of fwnual Balance sheet Noles to the finanual statements 8-17
PENISTONE AGRICULTURAL SOCIETY LTD COUNCIL'S REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEAIBER 2024 The Counril present their annual repcKI and fmanraal stslements for the year ended 31 Decen)er 2024. The finana81 statements have been Prepared in )rd vith the ac£wntiThJ polic¢es sel oul in note 1 lo the finanei81 stalèmenls and conyty with Ihe Society5 ggveming (kjcumenl. Ihe Companies Act 2006 and 'AccountiThJ and Rèporting by Charrfies.. Statemenl of Remmended Pradice applicable lo charities preparit)g their accounts cordance with the Fana31 Reporting Standard apble in the UK and Rèpubh"c of IrÈland IFRS 1021" las amended [( acLountw pariods eMimenrirwJ Ifom 1 Jarw 2016) Objectlves and activiti•s Thè Styiety'$ objects are to promole and athance agYKwllure WKI hortyJlture for Ihe bent of the pub¢ in Penislone surrounding areas by holding exlmbittons and dasses of e$ing and other sto¢k, agriojltural Mnplemgnts and such ot1 dasses. disFlays and exhibit1$ nn¢tl wilh agrh)Jlture, horticulture and the show as may be delermined by the tsustees: Ihereby enur3M9 skill and industry in agriculture in allied trades. craft and prolessiorts connèded with the wral eC(KbY. lo make such 9ranl$ •KI donaiws to regstered charities and volunty OrganisatnS that benefit th public in Penist¢yw and surTourthg aTeas. as the truste8s shal from I'me to lime determine. lo make such grant5 Ihat assist ffjSldts in Penistone Ihe Surrounding areas to further Ihe¥ educalion in trades. vocations, and Professi$ lrted to agiirujtiue. hortJHur8 or othei trades eonnected to the rural econorny. thrcwjgh recognised IMniThJ by KthhJua15 or edwaIal estr15tnts. To this end the So¢iety holds * annuol one-day lIlIUral s and SUprtS and works with a number of local ¢harilJle organisati5 lo enatAe it to brng th8 to the pubhc. The coLclI have paid dug re9afd to guthnce issued by the Chary ComnNs$KM) ui deriding what acliviiies Ihe soCtY sh)uld undtsk. A¢hlev¥ments and perfomiance Penislon& A91uttUral Show continues lo th0p. 8nd shtrwca5e local and nalional farming and agricultural communilies. Our 15111 S)W day, saw a desIgne{l arKI Iwger field la. utrfi'sing more of the show field and gNing more space and easier access for extr¥"bilor5. traders and Publ alik•: ensLXWVJ over 13.000 wsitors enjoyed a busy event paeked with a¢lNilies. displays. ccrfryetition, retal opportunrties aNI fflh more on a sunny Salurday i) September. A huge arnnt of preparalion wenl into Ihks year's shuw. addit)nal slorage faolities. in a secure compound, were established, and woth on improvtyw a(sS to al areas ol the show fhJ in¢tLNled new roathays. and drainage. The Iruslees and management are committed lo nt)Uvj to inve51 in dev4rKJ onthsitè lacifitiÈs. ensuriThJ the 5rte is 5U51ainable and can support the sh(M for decades lo corne. Al Ihe heart of Ihe show is the team of vohjnleers. WIKJ hab m our show happen and be enjoyed for L)ver 150 years. the show is thiNg and successful thanks lo the hard work and vision ol ow volunteers. Wg lo express our gralilude to them for Ihe continued sLs arKI dÈvÈk>pmenl we have had aThJ look forward lo their support in making our 152rd show bJger and bett¢r ever. Flnanclal r•vl•w The total income for Ihg year amounted lo £232.436 and resowces expenseil in Ihe year amoLtnted lo £214,792 resullin9 in a net SUu$ of £17.644. This compares wth the prew"(Ats ac¢ounling period Irom 1 January 2023 to 31 December 2023 vA)ich showed inojme of £235.075 and resourtes èxpended of £214,822 resuIng in a net surplus of £20,253. We were pleased to support loi¥l tharth.es wth digcKunted and free trade siands al the show Irom our dèsignated fund and hawng consi¢Jered exceptional Nems for the year Ihe trustees have agree<l a further £1,949 b9 sél aside for the designated fuNI in 2024.
PENISTONE AGRICULTURAL SOCIETY LTD COUNCIL'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 is Ihe policy of the Soctety that unreslrKled funds wlmch have nol been desi9ned for a Speerf use should be maintained at a level eqvivalenl lo been three and sx rnonth's expenditwe. The Counal ¢onsi¢Jer that reserve5 al this level ensure that. in the event ol a swJnificant drop fidI. they wll be able lo ¢ontinue the sOcty.5 current actimliès while CSiderat is Ven to ways in whth adthl1rm lunds may be raised. This level of resee5 has been maintainèd Ihrou9hout IhÈ yèar. The Council have assessed Ihe maTrx risks to whbch th• Sci8ty is eXed. aMJ arè satiSfd that systems Jre in placè lo mitlgate èxposurè to the ffla risks. Structur•. gov•rnanc• and maNg•m•nt The Sociely 15 a regbstered tharty and was inD)Twated on 20 May 2017 as acompany limiled by guaranlee and awng no share capital. Thè Courril, who arè atso dirÈdors for IhÈ purpose of cOmY la4V, w¥J who seNed during the year and up to the dale ol signalwe of ihe fancIal statements were: Mr M R Oh'ver Mr N Hoyland Mrs P MAIsop Miss J Clegg Mr$ P Bash Mr N Woodhams Mr B Meek In accordan with the Ae5 ofAssorAalK>n, any person 15 lo act as a thector. and is p8mitted by law lo do so, may be appointed lo be a diredor: (al by ordinary resolution.. or (bl by a deasion of Ihe direCts.. or A person ceases lo be a diredor as sotsn 8$., lal by virtue ol any provigon of CA 2006 or 15 wohitlled Irom beThJ a ithr8(lor by l¥'. or Ibl a bankruptcy order is made against that pers{.. or Ic} a composition is rnade with that person's credilors 96neraly Ki satisfaction of Ihat person's debts.. or Idl a registered medica wactrtioner vA)o is I¥t1)g thal pwson gNe$ wrrtlen wnion lo the company 51aling Ihal Ihat person has become physicaly or nnts1 of ac11 as a ITedor and may rema so for rnore than three months.. or {e) nolificalion is received by the company from the dwector Ihat the director is resigning from Offi ad a$ Suth resignation has taken effecl in accordarKe with its terms- or {fj is absent without Ihe pemiission of the directors from al th[ maetings hekl 1n a period of six &)nstr¢ulive months and thè dir8dors resc& Ihat his or hèr ofkè is ¥aeAted", or (gl to be a rnember ol Il charity. Al eath annual genwal meeting one third of the thre(aors are requred to retwe by rolatic. Thg directors lo ret0 by rolation are Ih¢)se who have been knn9est in office sirKg thgir last apwnlmenl. None of Ihe Counol has any beneficial intere51 in the (J)mpay. Al of ts Qwncl are members of the company and guarantee lo witribule £1 in Ihe eveni of a wnding up. The company's current policy concefning the payment of Irade ueth'tors is lo folow the CBI'S Prom Payers Code (copies are avadable from th• CBI, Cènlre Point, 103 Oxford Slwl. London WC1A 1DU). The company's current polio ¢cCerning the paymenl of trade creditors is lo.. setue the terms of payrner&t SUPFAiers when the lerms of eath transaclion: ensure that suppliers a rn aware of the twm$ of paynwt by i)n of thg rnlevrt Iwms in cMlracts." and . Pay in acowda with the 1x)mpan$ ¢ontr&lual *KI legal dAat)nS.
PENISTONE AGRICULTURAL SOCIETY LTD COUNCIL'S REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Councifs report was apwoved by the board olcouncl. oy Coun¢ll m¢mb•r Mr N Woothams Councm memb•r 17 June 2025
PENISTONE AGRICULTURAL SOCIETY LTD STATEMENT OF COUNCIL'S RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEA18ER 2024 The coun1. vtho also Ihtr d¥8ctors of Penlstone Agricultural Society Ltd for Ihe purpose of CoMpY law. are responsible lor weparing the Council's Rep(x1 and financial statements in accordance wilh applcable law 8nd Uniled ngdOMA¢cOunt7ng Siandards {Unrted Kjngdom GeneratyArLepted Accounting Praclicel. Company law requlres the Councl to wepare finKaal statemenls for each fnancial year which Give a 1rue and fair view ol the stale ol 8ffairs of the Soaety aNI of the bKoming r8sowces and aMAicalion of resources, Micluding thè income and expenditure. ofthe ¢harrt tAyryw for that year. In preparing these financial statements, thè Counal are requed lo-. - select $uilalAe #c¢ounling ty)Ii¢ies and Ihèn trn constslw)lty." - observe the method5 and principles in the Charities SORP.. - make judgements and esbmales that are Teasonable and wudwd" stale whèther applicabl8 UK Ac¢oLtniing Sdards have been fc41rNAed. subject to any malerial departures disdosed and explained in the financial stslements,. and - prepare Ihtr financial slatwnenls on the goiny concem ba*s unkss it is inapwopriate to presume that the Sodety will continue in operallon. The CouN#l are responsfole for keepi adequale accounting records that di5dose with reasonatle accuracy At any lime Ihe fina#8[ position of the Swiety and en3 them to ensLn Ihat the finanual statements comply wth the Companiès Act 2006. They are 81so responsi1e for saIUardi9 the assets of thÈ Socièty and ncÈ for taking reasonable 51ep5 lor Ihe preventIC and deteclNJTr offraud arvj otrw irregthilies.
PENISTONE AGRICULTURAL SOCIETY LTD INDEPENDENT EXAMINER'S REPORT TO THE COUNCIL OF PENISTONE AGRICULTURAL SOCIETY LTD I report lo the Council on my examnalion of the finarwial statements of Pentst Agri¢uliural Society Lld (the Soriety) for the year ended 31 December 2024. R¢$pon$ibilittès and basis of report As the Counctl of the Society land also its direclors for puoSe$ of company Itw), you are sponSible for the prèp818tion ol Ihe finan¢i81 st8lemenl$ in accordarKe Tmth the rrements ol the Companies A¢1 2006. HaVg salisfied myself thal Ihe ffinanc+al slatèments of sety are not required io be audiled under Part 16 of th8 Companiès Act 2006 and are for Mxlependenl examinalion, I report in respecl of my examinalK)n of Ihe So¢iely's finanryal stslernenls carried out unthr serAion 145 of the Charities Acl 2011. In carrywi9 out my examination I have folowed the Oireclions given by the Charity coMSsion undèr seclitin 145{51{bl of Ihe Charities Acl 2011. Indopgndfrnt ¢xamln$ $tatMnt I haw compleled my èxamination. I confim that no rn8ttws have ryxne to my altent)n in conne19n th th? examination gin9 rne cause lo believe that in any maleiial respeca.. accountiNJ rec(wils not kept in re5pe(# of the Sooety as Teqillred by section 386 of th8 Companiès A 20(. Ihe fancial stsl&menls ¢J not xcord wlh those records: Ihe financial stalements do not o)mply ¥rith the a(tounling reqiirements of 5eclion 396 of the Companies Aci 2006 other Ihan arby reqU1ment that the finarKA staternents gNe a tnie and fair wew. whi¢h is a wnatter nsidèrÈd as part of an independent examinat?. the ffinancial $latem¢nts hawe nol been prepared in ac0)rdae wilh Ihe m8thod5 and principles of the Slalemenl of Recommended Prac11 for accountmg and reportin9 by chariti&s applicable to eharilies PParIng Ih•r fanCial slatements in accordance *ilh the Fwlanoal Reptty Standard applicaNe in the UK and Republic ol Irelanol {FRS 102). I have no conc8fns and have come attoss no ollw m•ttets in conneclion with ihe examinalion lo which attention should be dtawn in Ihis report in ¢yder lo enable a woper w¥YerstaThJing of the financial statement$ to be reached. Slmpson Wood Limit•d Bank Chambers Markel Street Fknddèrsfiel D12EW 17 June 2025
PENISTONE AGRICULTURAL SOCIETY LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrnstrfeted Unrtstrlcted lunds funds G•n•ral l)•sigJ4t•d 2024 2024 Totsl Unmtri¢tÈd Unrè8triet fvnds lunds Gèneral D•signat 2023 2023 rotsl 2024 2023 nd¢n Mèmbafship f&e$ wil sponsorship CharitJle a¢tswlies Olher in¢om8 895 231.541 400 224.681 400 224.681 9.994 231.1 Total Income 232,436 232.436 225.275 235.075 iture Chaiitable aelili&S 195.879 18.913 214,7W2 203,9 10.953 214.822 N•t incoming r•sour¢ b•for¢ knn$l•rs 36,557 118.9131 17.644 21,4( (1,1531 20.253 Gross transfers betsen funds {2.0331 2,033 (1.3491 1.349 Net income for the yearl N•t movement In funds 34.524 {16.880) 17.644 20,057 20,253 Fd balances at 1 January 2024 173.806 44,036 217.842 153,749 43,840 197.589 Fund balances at 31 December 2024 208,330 27.156 235,486 1n,B 44,036 217.842 The ststemenl of finan¢lal in¢th$ al g•ns and lows f¢cognised in Ihe 1. The 5talemenl of fft)anrAal adi¥ities indwjes am gains losses recogN5ed in the year. All income and expenditure derive from continuing aciiwties. The stslement of financial activibes also wnpls the wuirennls for an inGome and expen(*lwe ac(x)unl under the C¢JmpaniesAct 20(6.
PENISTONE AGRICULTURAL SOCIEfY LTD BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Notes Flxed 4$8ets Tan9ible assets InVMnIS 10 11 92.563 54.482 92.563 54.483 Current assets Oeblors Cash al bank 8nd in hand 12 249 148.713 223 170,867 148. 171,0 Creditor8: amounts falllng du• wSlh one yoar 13 7.731 Net current assets 142,923 163.359 Totsl a$uts1os$ ¢ury•nl libiliti•s 217,842 Th• funds ol th¢ So¢lety Unrestricted funds- gene1 Unreslricted funds- designated 208.330 27.158 173,806 44,036 235,486 217,842 The company is entitled lo thè exempkn from the audrt rement ¢ontaned n sertion 477 of the Companies Act 20c. for thè year ènded 31 Decembèr 2024. The dectors acknowledge their resp)n&t4lbttes for comptyir¥J tplth the requiremènts of the Companies Act 21 wAth respect lo accounting records an¢J the pr¥parati of fwwKlal slatements. The membets have not required the (>wy lo obtan an audit of rts ffinandal statements lor the year in quest in accord wilh seclion 476. These financial statentS have been prepared In wth the proM"slons aprknable to companies subject to thè small comp8ni&s regirnè. The financ1 statements were approved by the Councl on 17 June 2025 MrNHo TN$tee Trustee Company regbstraWon number 10781470 [Enar¥) and Vlales)
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting pohcies Charfty Infomiatlon Penislone Agricultural Sooèty Ltd is a w"vatÈ ¢ompany kniiled by grantee incorporated in England arKI Wale$. Thg rogistpred office is 8nd9e Streel. Penistone. SheffEkl. South Yorkslire, S36 6LI. 1.1 Accounting convention Thè finaneial s18lements have been wepared in accLffdance with the Society's 9oveming document, the CompleS Act 21XJ6 and "Accounting and Repthng by Charrts.' Slalwnent of Recommended Practice applicable to charities prepaiing xcounls M) aco)fdaTKe wilh Ihe Financial Reporilng Standard applicable in the UK and Repubh"¢ ol Ireland {FRS 102}" {os amended for accounling periods ¢ommencing from 1 January 2016). The Society is a Pubk Benerrt Entily as d8ffined by FRS 102. The Society has taken advantage of the provisTron$ in the SORP frir dwrIt$ •pplyityJ FRS 102 Update Bulletin I nol to prepare a Ststement ofcash Fknws. The financial statements are prewed whth is the fUltal encY of tho Scrf#oty. lknneiy
Mot$ in these financial statements a founded to the nearesl £.
Th8 finanaal statemenls have been prep*ed der the his1iCal cost ConVtion. The principal accounting polrciès 8doptÈd arè set tsul bel¢Jw. 1.2 Golng conc•rn At the lime of approwng the finla1 the Counol have a reawnable expectation thal the Soc4ety has adequate resources to continue wi operabonat extslence f(K Ihe loreseeable fulure. Thus the Coundl conknnu8 to adopt going conwn l)asis of a¢unt¥ preparing the financial statements. 1.3 Charllable fund• Urweslricled fuThJs are avadable for uso at thè discrèiTh of the C¢)urtcl in Iwtherance of their chariiable objectives. Oesunated fund$ comprise lurKls whth have been sef asKJe ai the detiOn of the Counal for speufi¢ purposes. purpos95 a1 uses of the designated fund5 are sel oul n tho noles to Ihe fmanual slatements. Restricted fvnds are $ut¥'e¢t to spécrf effidit$ by dcmrs or grantors as to how Ihey may be used. Th& purposes and LWS of the restrxted fund5 are sel out in the nOS to th• financial stalements. End¢)wmenl subject lo Specif condilicrfls by dorrS thal the capital musl be mairrfained by the Swply. 1A Income Income is re¢ogni3e(I when the Sow is entiued to it after any performancè eonditKtrns have beèn mel, the amounts can be measwed reliably. and it is wobable that in¢omg will be received. Cash (knnal•)ns are recognised on recepl. Crther donat$ ar¢ rwnwd Imce the Sodety has been notifd of the donation. unless perfoman¢e ¢gniknlTron$ require ¢jefer of the arnotmt. Income lax {ecovera in relation to donath'ons rewved under GiftAid or deed5 of(x)venanl is recognised at the time of th8 donation. Legacies are reco9nised on re¢eipl rjr olhev•rrise rf Ihe Soryety has been notffied of an impending distribution, Ihe amount is known, and re¢xipt is exFeCted. If amount is not known. the lègacy is Irèatèd as a contingent asset.
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting Po¢1•S Icontlnuodl 1.6 Expenditure Expenditure is recognised there is a OT construclive oblgalion lo transfer ecornmic benefit to a Ihird party. rt is probable Ihal 8 Iransler of eC0ncrfn benefts wll be requxed in seltlemenl. and Ihg oun1 of the oblig#lion ¢¥n be measured relw. Expendiiure is dassified by a(aiwty. The exjsts of eath achryty a made up of the total of direcl costs and sh¥8d costs. induding supNIrt CA)sls in¥d¥ed in undertthng each actiwty. DiTecl cost5 alirbulable lo a single aclivity are alloraled diredty to that adwity. Shared costs which cThitribute lo more than one actiwly and support costs wlwch are not attriblrtable to a siThJlè adi¥ity are apporlioned bètwè those 8¢ltvities on a basis consistent with Ihe use ol iesourc¢s. Ct[al stsff Gosls are alLraled on the b3&s of bme $penl. and depreuation charges are allo¢aled s)n the of Ihe asset'5 Use. Expgn(klwe is sta¢gd on an bèsi$ vak add lax. 1.6 Tangibl• fixed ass•ls Tangible fixed assets are inli nwsured at cost and subsequenlty ThsU[ed al cosl or valuation. Mt of depreciabon and any impaimnl k)sse& Depreciation is recognised so a$ to write off the a)5t or ¥atTh of le55 Iheir residual valu•s over thair U80fv1 lives on the folk)%n9 base5'. Freehold land and buildww¥ Plant and equipment Fixtures and fthngs Computers 25% Straight line 15% straight 33% straght knè The gain or loss wising on the ¢sposal of an asset is detenn)ed as the diffetence between the edS and Ihe carry#vJ value ol the asseL and is retttynised ¥1 Ihe statement of fin?1 actmlies. 1.7 Fix•d asset Investments Fixed asset investments a initiaify m•asw•d at transa¢3w prieA Èxe111ny tranSaCtrt ¢081s, and are subsequenlly measured at lair value at ea¢h tewrb.ng dale. Charys in fair ¥ae are recolsed in n81 comellexpenditurel for Ihe year. Transtictb cosls are expensed as incurred. A subsidiary is an enlity nIr0 by the Sor. Control is the wwer lo govem the financial and op8rating w)lic+e8 ol Ihe entity so a5 to otrAain beneffts from ils actsbilie5. 1.8 Impalmwnt of fixed as¥ets At eaeh reporting end de. Ihe Society reNTrews the caryiThJ amounts of its tangibk assets to dotgmiin& whèther there is any irtdi¢aliM that those as5els have suffered an wlMient loss. 11 any $u¢h indi¢alion exi51s. the recoverable aJUnI of Ihe assei is eslimated in order to determine the exlenl of Ihe impairment loss lif any). 1.9 Cash and cash equNalents Cash and Cash equivalents Incli cash in h, deposrts hekl at c1 wilh banks, other short-tem Iw4uid investments wilh original maturilies of three monlhs or less. a1 bank ¢Mrdtafts. Bank overdrafts are shown within borrowmgs in uJrent liabthlies.
PENISTONE AGRICULTURAL SOCIEfY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcle8 IConttnu•dl 1.10 Flnan¢lo1 Instrumènts The Society has elècted to akwy thè Fwovisions of Sectin 11 'B8si¢ FinarKial Instruments, arbd Secliorb 12 'Olhei Financial Instwmenls Issues. of FRS 102 to al ol its fjnancial intnjments. Finanaal instruments are recognised n the SO(yes baartr slwt when the S(Kiety bec<ffies party lo the contractual provisions ol the insirument. Finanaal assels and liabrtS we offset. wilh Ihe nel amounts presented the fffiawal slalgm8nls, when there 1$ ¥ legalty enforceable rbjhl lo set off the COl$ed am01$ and there is an intention lo sgllle on a net basis C to realise the asset and setde the thatrmlty silIaneOUSly. Basle fi•Mnclal assets Basi¢ financial assets. whK• inckth cash and balance5, are initially rneasured at Iransadion pri¢e w)duth"ng Iransaclion costs and are subsequenlty caThied at amorlised cost using Ihe eff8Ctiv8 Interest method unless Ihe aJTangernenl consknjtes a finIng ts$a¢tK1n, wherg tho transaction is measured at Ihe present vaue of the future receipls dIscoted at a mthel rale of inl¢r¢sl. Financial assets classified as r•ceivab18 Within one year are anwrtised. 8asle Ilnanclal IlabHitle$ Basic financial Irabilities. induding u8ditors and bar b)an5 are recognised al trsactIon price unless Ihe arrangement constitutes a finanung iranwtion, where the debt instrumenl is maasurod al the prgsènt lue ol the future paymenls discounted at a martet rale of teSt. FwwKial liabilities classiffied as payable within one year are not amortised. 08bt instruments ar• subsequwffj eanied at amcmtwl ¢o$l. Ihe effectf4e inleresl rate method. Trade CTedilors are obligations to pay lor goods rx ser¥Kes that have been acquired tn th8 ordinary coursè of operation5 from supplerS. Amounts payable are dassified as currenl liabikties if paymènt is duè wlhirt one year or less. If nol. they are presented as rth-current liat4lit$. Trade crwlors ale recoynised initi81ty al Iransaciion price and subsequenlty measured al amc¥th5e(I c051 using the effectNe inleresl method. Dere¢ognititin of financial liabilifies FInclaI liabilities are derecognised Wh the S(KWs contrxtual obligath)ns expire or are i*stharg8d or canceled. 1.11 Employee ben•flts The cost of any Inused holday entllement is recognised in Ihe pèriod in whth Ihe employee's seNices are recwved. TeTminalion bpneffts are Tecx)gni5ed irnmedIety a5 w expense when Ihe Soci8ty is demonstrably committed lo terMate ¢he employment ol an empknyee or lo Wryde termination bènafrts. 10-
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 M•mb8rshlp f••s •Thd spons<Kship Unregtrlcted Llnrestrided funds funds g•nernl general 2024 2023 Donalions and gifts 895 4c Donations and gilts other 895 4¢JO 895 4¢J) Incomo from eharkabh actlvltl•s ilnmtrktsd Unrostrl¢tsd funds ld$ 2024 2023 Show inctmne 231.541 224.681 Othr incom• Ilnrnstrlcted O•slgnat•d funds funds gen•r•l 2024 Totsl Unrnstrl¢ted Deslgnated lunds funds genèral 1023 Total 2024 2024 2023 2023 Net gan on disposal ol tangible fixèd assats Lottery fuThl income 9,800 194 9.994 11
PENISTONE AGRICULTURAL SOCIETY LTD
NOTES TO THE FINANCIAL STATEMENTS
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable 2024 2023 Grants lo organisation5 1.853 1.853 Support costs Support Governance costs 2024 2023 Legal and professional Insurance Rent & rates Telephon8 and postage sdry Other governance Bk d)arge$ Repairs aThJ ren8wa15 1.410 4.n7 3,146 9$ 5.893 1.410 4,727 3,146 95 5,893 1,499 12,717 2.468 4,522 2.860 90 2.419 1.234 11.908 415 12.717 29.487 29,487 25.9J6 Anatysed between Charrtable acliwlies 29.487 29,487 25.916 Coun¢ll None of the Couricil {or any petsons (x)Dnected with them) received wry remuneralKJn or benefts from the Society during the ye. Employo The average monthty Thjmber ofemFdoyees during the yearwas." 2024 Nu[tr 2023 Number There were no em&4)yees vthose remunerat* was mor• than £60.0. 13.
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Tangiljle ffiX $sets Fr••hdd tsnd ahd Flxlurw and ¢orywt•p¥ •nd bldIng¥ •qulprnwnl Tot•1 Cost Al 1 January 2024 Additions 27.668 24.012 21.112 12.744 3.195 3.797 67,619 48.669 Al 31 December 2024 51.428 4S.124 12.744 6.992 116.288 Deprecialion and Impalrnnt At 1 January 2024 Deprg¢iats)n tharged in Ihe ygar 8.581 2.514 1,912 2.041 13,136 10,589 Al 310ecefflbef 2024 16.374 4.426 2,925 23.725 C•rying amount At 31 Oec8n*Jgr 2024 51.428 28.750 8,318 4,rffj7 92,563 Al 31 December 2023 27.668 15.431 10.229 1,154 54.482 11 Flx•d ass•t Inv•8lm•nts Othèr Investments Co$t Or ¥alu4tlon At 1 January 2024 Disposals Al 31 Decembet 2024 Carrylng amount Al 31 December 2024 Al 31 December 2023 2124 2023 Other investments cwwse.. Not•$ Investrnents in subsidraries 14-
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Debto 2024 2023 Amounts falllng du• wlthln OM yer. Trade debtors Amounts owed by subsid1 undertakings Prepaymen15 and aCcd KKome 83 249 40 249 223 13 Crlt0. amounts laling du• withln one year 2024 2023 Notes Oeferred income Trade ugdrtLV$ AcLruals 1.877 249 3.913 5,262 765 1,704 6.039 7.731 14 Share capltal The Souety is a Company limited by guarantee h&fjng no sharn Capital. The labih.ty of each nmber 1$ limited lo £1. 15-
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 D•slgnat•d funds Tho income ffiJnds ofthe chartty Indude Ihe f¢llowng designated fund$ whlch h¥ve been sel aside out of unreslrictod funds by thè trustèès frjr $pe¢ifi¢ purp03es. Al 1 January 2024 Incomlng R•ourc• re¥ourc •xp•nd•d Trnnsl•r• Galm and At31 Oecember 2024 PorG*ntage of profjt to b• Issu•d as grants lo other organisallon Funds towards buil¢lng on show field Lott•ry Fund 3,807 31,614 8,615 12,300) 17,9141 18,6991 1.949 3,4S6 23.700 84 44,036 18,913) 2,033 27,156 Prnvloul Yr. At 1 JInry 2023 In¢omlng Ruour¢ ourc •xp•nd•d Tran8f•rn G•ln• and lo•• A131 Decemb•r 2023 Percentage of proffit lo be Issued as grants to oth6r organisath'ons Funds lowafd5 building on show field Lottery Fund 4.311 39.529 11,853) 17.915) 11,1851 1,349 3.807 31,614 8.615 9.800 43.840 9.800 110,9S31 1.349 44,036 16-
PENISTONE AGRICULTURAL SOCIETY LTD NOTES TO THE FINANCIAL STATEMENTS {CONnNUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 16 Analyslg of net assets belween fvnds Unr•$tricted Unr•stri¢t•d funds lunds g•Mrnl D•$lgnatd 2024 2024 Total 2024 At 31 Decembor 2024: Tangible assets Cuwrent assetsl{liabilitiesl 73.047 135.283 19,516 92.563 142,923 208,330 27,156 235,486 Unrnstrlcted Unrestrlcted lund¥ fund• general D•$lgnat•d 2023 2023 Totsl 2023 At 31 D•c•mbw 2023: Tangible assels Inveslmonts CuThent assetOI8bltl$) 28.822 25.6&J $4,482 144.983 18.376 163,359 173.8(15 44, 217.842 17 Related party Iransactions There were no disck)58ble related party Iransadiws during tt* ar12023- no). 17-