Charity registration number: 251218 **YEOVIL AGRICULTURAL SOCIETY TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** **Yeovil Agricultural Society Contents** ||**Page**| |---|---| |Reference and Administrative Details|1| |Trustees' Report|2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Statement of Financial Position|5| |Notes to the Financial Statements|6—9| **Yeovil Agricultural Society Reference and Administrative Details For The Year Ended 31 December 2024** |**Trustees**|DHC Batten - Chairman| |---|---| ||M Snell - Vice-Chairman| ||S Clothier| ||T McKenzie-Green| ||H McKenzie-Green| ||SW Morris| ||G Murgatoyd| ||J Pullen| |**Charity Number**|251218| |**Principal Address**|Mansion House| ||Princes Street| ||Yeovil| ||Somerset| ||BA20 1EP| |**Independent Examiner**|Stobooks Limited| ||5 Winchester Gardens| ||Yeovil| ||Somerset| ||BA21 4SD| Page 1 **Yeovil Agricultural Society Trustees' Report For The Year Ended 31 December 2024** The trustees present their report and the financial statements for the year ended 31 December 2024. ## **Objectives and Activities** ## **Aims and Objectives** The principal activities of the Society remain the provision of exhibition facilities at the Showground and the general advancement of Agriculture. The trustees support either individuals or organisations by making grants. ## **Financial Review** ## **Financial Position** This year the society was invaded by unauthorised caravans and vehicles and incurred substantial fees to remove them. As a result the society decided that it was necessary to increase the security at both the main gates. The costs of doing this have materially impacted the funds available and we reduced the grants made. Unfortunately the building on the showground reached the end of its life and has had to be replaced. Whilst this is expensive we hope that it will result in increased revenue and provide much better facilities for our tenants. We anticipate being able to return to our previous levels of grants in the coming years. The trustees' report was approved by the board of trustees and signed on its behalf by: DHC Batten Trustee 22/09/2025 Page 2 **Yeovil Agricultural Society Independent Examiner's Report to the Trustees of Yeovil Agricultural Society For The Year Ended 31 December 2024** I report to the trustees on my examination of the accounts of Yeovil Agricultural Society (the Trust) for the year ended 31 December 2024. ## **Responsibilities and Basis of Report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiner's Statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Stobooks Limited 22/09/2025 5 Winchester Gardens Yeovil Somerset BA21 4SD Page 3 **Yeovil Agricultural Society Statement of Financial Activities For The Year Ended 31 December 2024** |**Notes**
**INCOME AND ENDOWMENTS FROM:**
Other trading activities
**3**
Investments
**4**
**EXPENDITURE ON:**
Raising funds
**5**
Separate material item of expenditure
**NET INCOME BEFORE INVESTMENT GAINS**
Net gains on investments
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**14**|**2024**
**Unrestricted**
**funds**
**£**
85,029
1,574|**2023**
**Unrestricted**
**funds**
**£**
69,061
1,490| |---|---|---| ||86,603|70,551| ||(59,710)
(16,038)|(61,973)
-| ||(75,748)|(61,973)| ||10,855
2,290|8,578
2,107| ||13,145|10,685| ||13,145
249,461|10,685
238,776| ||262,606|249,461| The notes on pages 6 to 9 form part of these financial statements. Page 4 ## **Yeovil Agricultural Society Statement of Financial Position As At 31 December 2024** |**Notes**
**FIXED ASSETS**
Tangible Assets
**10**
Investments
**11**
**CURRENT ASSETS**
Debtors
**12**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**13**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**14**
On behalf of the board
DHC Batten
Trustee
22/09/2025|**2024**
**Unrestricted**
**funds**
**£**
148,548
70,792|**2023**
**Total funds**
**£**
103,548
66,928| |---|---|---| ||219,340
11,043
33,523|170,476
6,721
73,564| ||44,566
(1,300)|80,285
(1,300)| ||43,266|78,985| ||262,606|249,461| ||262,606|249,461| ||262,606|249,461| ||262,606|249,461| |||| The notes on pages 6 to 9 form part of these financial statements. Page 5 ## **Yeovil Agricultural Society Notes to the Financial Statements For The Year Ended 31 December 2024** ## 1. **General Information** Yeovil Agricultural Society is an unincorporated charity registered with the Charity Commission, registered charity number 251218. The principal address is Mansion House, Princes Street, Yeovil, Somerset, BA20 1EP. ## 2. **Accounting Policies** ## 2.1. **Basis of Preparation of Financial Statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. ## 2.2. **Tangible Fixed Assets and Depreciation** Tangible fixed assets are stated at cost, contrary to the requirements of the Statement of Recommended Practice no depreciation has been provided as, in the opinion of the Officers of the Society residual value of the assets are at least equal to cost. ## 2.3. **Investments** Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. ## 2.4. **Cash and Cash Equivalents** Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. ## 3. **Income from Other Trading Activities** |Membership subscriptions
Letting and licencing arrangements
.
**Investment Income**
Dividends from investments|**2024**
**Unrestricted**
**funds**
**£**
158
84,871|**2023**
**Total funds**
**£**
3
69,058| |---|---|---| ||85,029|69,061| ||**2024**
**Unrestricted**
**funds**
**£**
1,574|**2023**
**Total**
**funds**
**£**
1,490| ## 4. **Investment Income** Page 6 **Yeovil Agricultural Society Notes to the Financial Statements (continued) For The Year Ended 31 December 2024** ## 5. **Analysis of Expenditure** |5.
**Analysis of Expenditure**|||||| |---|---|---|---|---|---| |Raising funds
Raising funds
6.
**Grants Payable**
Raising funds
7.
**Support Costs**
Premises expenses
General administration
Governance costs
Premises expenses
General administration
Governance costs
8.
**Independent Examiner's Remuneration**
Independent examination of the financial statements
9.
**Average Number of Employees**
Average number of employees during the year was: NIL (2023: NIL)|**Activities**
**undertaken**
**directly**
**£**
43,862|**Grant funding of**
**activities**
(see note 6)
**£**
2,050||**Support costs**
(see note 7)
**£**
13,798|**2024**
**Total**
**£**
59,710| ||**Activities**
**undertaken**
**directly**
**£**
40,021|**Grant funding of**
**activities**
(see note 6)
**£**
12,500||**Support costs**
(see note 7)
**£**
9,452|**2023**
**Total**
**£**
61,973| |||||**2024**
**Grants to**
**Institutions**
**£**
2,050|**2023**
**Grants to**
**Institutions**
**£**
12,500| |||||**2024**
**£**
650|**2024**
**Raising funds**
**£**
9,730
3,418
650| ||||||13,798| ||||||**2023**
**Raising funds**
**£**
6,698
2,129
625| ||||||9,452| ||||||**2023**
**£**
625| ||||||| Page 7 **Yeovil Agricultural Society Notes to the Financial Statements (continued) For The Year Ended 31 December 2024** ## 10. **Tangible Assets** |**Cost**
As at 1 January 2024
Additions
As at 31 December 2024
**Net Book Value**
As at 31 December 2024
As at 1 January 2024
11.
**Investments**
**Cost or Valuation**
As at 1 January 2024
Additions
Disposals
Fair value adjustments
As at 31 December 2024
**Provision**
As at 1 January 2024
As at 31 December 2024
**Net Book Value**
As at 31 December 2024
As at 1 January 2024
12.
**Debtors**
**Due within one year**
Other debtors
13.
**Creditors: Amounts Falling Due Within One Year**
Accruals and deferred income|**Cash & Cash**
**Equivalents**
**£**
1,352
146
-
-|**Cash & Cash**
**Equivalents**
**£**
1,352
146
-
-|**Listed**
**£**
65,576
2,684
(1,165)
2,199|**Land &**
**Property**
**Freehold**
**£**
103,548
45,000| |---|---|---|---|---| |||||148,548| |||||148,548| |||||103,548| |||||**Total**
**£**
66,928
2,830
(1,165)
2,199| ||1,498||69,294|70,792| ||-||-|-| ||-||-|-| ||1,498||69,294|70,792| ||1,352||65,576|66,928| ||||**2024**
**£**
11,043
**2024**
**£**
1,300|**2023**
**£**
6,721| |||||**2023**
**£**
1,300| Page 8 ## **Yeovil Agricultural Society Notes to the Financial Statements (continued) For The Year Ended 31 December 2024** ## 14. **Movement in Funds** |4.
**Movement in Funds**||||| |---|---|---|---|---| |**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1 January**
**2024**
**£**
249,461|**Income**
**£**
86,603|**Expenditure**
**£**
(73,458)|**As at 31**
**December 2024**
**£**
262,606| ||249,461|86,603|(73,458)|262,606| |**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1 January**
**2023**
**£**
238,776|**Income**
**£**
70,551|**Expenditure**
**£**
(59,866)|**As at 31**
**December 2023**
**£**
249,461| ||238,776|70,551|(59,866)|249,461| 15. **Transactions with Trustees** None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year. No trustee expenses have been incurred. 16. **Related Party Disclosures** There have been no related party transactions in the reporting period that require disclosure. Page 9