ANGLESEY AGRICULTURAL SOCIETY FINANCIAL sTATEmEs FOR THE YEAR ENDED 31 OCTOBER 2024 COMPANY NUMBER 01490593 CHARITY NUMBER 510048 I. G. JONES & CO Chartered AGGountsnts 10A High Street LLANGEFNI
ANGLESEY AGRICULTUK4L OCIErY MPANY I CHARITY DETAILS Name- Anglesey Agricultural Society (a o)mpary limited by guarantee) Charity Number- 510048 Company NUmr- 01490593 Company Se•lDevelopment Officer- Miss Can ArYJharad Reporting Accountants- l G Jones & Co, 10A HvJh Stre< Uaroefni
ANGLESEY AGRICULTURAL SOCIETY REPORT OF TrIE TRUSTEES I DIRECTORS AND COUNCIL FOR THE YEAR 31 OCTOBER 2024 2024. The Tntss l DirectOT5 and Council present their report and accounts ft)rthe year ended 31 October OBJECTIVES AND ACTMTIES The objed of the Soaety is the promotion of agriculture in Anglesey. its prin(xpal actrvty and public benefft is the running of the annual Anglesey Show. ACHIEVEMENTS AND PERFORMANCE The Anglesey Sh(Ml Vlas PEld successfully in August 2024 and attracted a wide audience of locals and vtsitors from tM)th agriculturai and non-agricukural bagrouS. The Soaety continued its grant-aided development of the Sh(rwground. FINANCIAL REWEW The results of the year are shcrwn in the foll(Ming accounts. The Council has identtfied the majcy risks to which the Sooety is exposed and has wherever possible established systems to mitsgate those risks. At 31 October 2024 the Soc.$ unrestriGted funds amourrted to £1307252, £1039039 of which is invested in fixed assets and £2000(YJ being deSnated for repatT5, l&iving free reserves of £68213. The Trusteesloirectors consider that reseprfes of at least thts amount are required to safeguard against unfoSeen C[rcumstan. STr CTURE GOVERNANCE AND MANAGEMENT The Society is a company limited by guarantee and is govemed in accordan wtth its Memorandum and Articles of Assoaation. It is managed by ts CounGil. the membe[5 ofwhich are etecled by rotstion at the AGM. The Societys obligations as a Charity are overseen by its Trustees who during the year ended 31 October 2024 were as follows- E W Hughes Miss E M Williams Dr N G WIllN2ms G P Jones C A Chven
ANGLESEY A RICULTURA SOCIErf REPORT OFTHE TRUSTEES I DIRECTOR CONTINUED AND UNCIL FOR TrIEYEA7 ENDED 1 OCTOBER 2024 and as a Compary by its Offic£rs who durirvJ the year ended 31 Ocotw 2024 were as follthvs- Miss Cain Angharad Cn (Company Se•) Dr Non G Ihfjlliams (Director) Gareth P Jones (Director) Emyr W Hughes (Director) H Redvers Jones (Director) Miss Enid M Wlliams (Dir> The day-to4ay running of the Society and the Sh(yw is carried out ty itsfull-time Company Secretsryl Development Officer Miss Cain A (X%En. COMPA Y EXEMPTION In preparing this reportthe Coun(#l has taken advantsge ofthe special exemptiorts applicable to small companies. MAL TATEME T OF TRUSTEES. I DIRECTORS. RESPONSIBILITIES The trustees (who are also dire¢Xors of ArvJWy Agri(aJliural Sociefv for the purp)ses of company law) are responsible for preparing the JJusts' report (incorporating the diredors, report) and the financia5 statemerts in aCrdan with applicable law and United Kingdom Accounlinc Standards. including Financial Reporting Standard 102 The Financial Reporting Standard ap)cab in tre UK and RepubliG of Ireland (United Kingdom Generally Aozpted Accounting Pra[al). Company law requires the trustees to prepare finCial statthnents for each-lnancial year whith give a true and fair wew of the slate of affairs of the CharEtse company and of the i1o)me and expenditure of the charitable company for that wod. In wepanryj these financial statements, tie trustees are required to.. select Suitsble accounting policies and then appty them cortsistenty" observe the methods ard principles in the Charitss SORP.. make judgemerrts and accounting estimates that are reasonable and prudent state whether applicable UK Accounting StarKlards hw4e ten fol:.ty•AI, sutlect to any material departures disdosed and explained in the financial statements. and prepare the financial statements on the goiry coeM basis unless rt 's inappropriate to presume that the charitable company will continue in business.
ANGLESEY AGRICULTURAL S(XIETY REPORT OF THE COUNCILAND TRUSTEES I DIRECTORS FOR THE YEAR ENDED 31 OCTOBER 2024 CONTINUED Trustees are responsibte for mantaining proFer accounb.ng recorts which disdose with reasonable accuracy at any time the financial position of the charitable company arKI enable them to ensure that the nancial statements compty with the Companies Act 2006. They are also resp)nsible for safeguarding the assets of the charitable company and hen for tsking reasonable steps for the prevenlion and detection of fraud and other irregularities. In so far as the trustees are aware.. There is no relevant audrt inforniation of vthich the charitable compary's auditors are unaware.. and The trustees have taken all steps that they ought to have taken to make themsefves aware of any relevant audit infornation and to establish that auditor5 are aware of that inforniats"on. ON BEHALF OF THE COUNCIL Enid M Wlliams (Honorary Deputy Director) Registered Offi. Ty Glyn Williams M5 Sioe Mon Gwalchmai 17 January 2025
AN LESEY AGRICULTURAL SOCIETY INDEPENDEr EXAMINERS. REP SOCIETY RT TO TrIE TRUS OF ANGLESEY AGRICULTURAL I report to the charity trustees on my examination of the accounts of the company for the year ended 31 October 2024 which are set out on followÉng pages. onsibilities and basis of re As the charity's trustees of the company (and abo ts drrectors ft)r the purpos of company l&¥) you are responsible for the preparation of the aaUnts in accordan wrth the requirements of the Companies Act 2006 Ilhe 2006 ACY). Having satisfied myself that the accourts of tre company are nLrt required to be audited under Part 16 of the 2006 Act and are elwJible for independent examination, I rep)rt in respca of my examination of your Ghanty's accounts as carried out under section 145 of the Charitses Act 2011 (the .2011 Acf). In carying out my examination I have foll¢AYed the Directions gNen by the Charity Comnission under section 14515)(b) of the 2011 ACL Inde ndent examinerfs re I confim that l am qualified to undertake examinatK)n be(2use l am a member of the Instituie of Chartered Accountants in England and Wales. I have completed my examination. I confim that rv) matters have ¢>Jme to m! attention in cA)nnection with the examination gNing me cause to telieve: (1) accounting rerdS were not kept in resFeCt of the company as required 3y seciion 386 of the 2006 AGt' or (2) the accounts do not aGcord with those accounting recorts" or (3) the aaUnts do not o)mply with the axounting requirements of section 396 of the 2006 Aca other than any requirement that the accounts gtve a true arKI fairf view whid) is not a matter considered as part of an independent examinth'on: or (4) the accounts have not been prepared in accordance with the methods ar.d prTncIpS of the Statement of Recommended practice for accounting and reporting by charitses. I have no 0)nrns and have come across no other matters in connection Vth the examinth.on to which attention should be drxÈ in this report in order to enable a proper understanding of the accounts to be reached. Dafydd Jones FG4 l. G. Jones & Co Chartered Accountants and ReportirnJ Accountants 10A High Street LLANGEFNI 17 January 2025
ANGLESEY AGRuLTURL SOCE STATETr OF FINANCL4L ACTll•TfES ILuDING INCONE AND EXPENDifuRE ACCOU FOR THE YEAR ENDED 31 OCTOBER 2024 TOTAL 2023 REST CTED UNRESTRICTED FUNDS FUNDS TOTAL INCOD 3700 Donations 466904 Charitable actsvitEs 82913 Other actwitjes 59 Interest receNed 2275 2275 105712 85 105712 85 553576 TOTAL NCOkE 574717 574717 EXPENDrruRE Raisiry fijnds Charitable and other actrrfitEs Other 354 417360 530701 530701 417714 TOTAL EXPENDrruRE 530701 530701 135862 NET iNCONE I (EXPENDrtURE) 44016 44016 Transfer between funds (6126) 6126 135862 NET IN FUNDS (6126) 50142 44016 122e885 T(*al fvrKts brought forward 105437 1257110 1362547 1362547 TOTAL FUNDS CARRED FORWARD 99311 1307252 14(f)563
ANGLESEY AGRICULTURAL SOCErY STATEMEMf OF FINANCL4L Posff K)N 8AL4NCE SHE AS AT 31 OCTOBER 2024 2023 2024 Fixed Assets 1127037 Tangible Assets 1138350 Current Assets 2150 37378 324619 Stock on Hand Sundry Debtors and PrepayTnents Cash at Bank 3250 364147 137 Credrtors: Amounts Fal. Due Within One Year 3179) 1181 22CE7 Creditors Bank Overdraft Bank Loan 14461 21870 55038 309109 Net Current Nssets I 3198 Creditorn: Amounts Fallin Due After One Year (73599) Bank Loan (515¥3) 14C6563 1362547 Funded ty. 1%2547 Accumulated Funts 14C6563 The accounts are prepa1 in accordance wrth the special prcNtsions r-lating to small companies wtthin Part 15 of the Cornpan ALt 2tX16 and the Charities Statement of Recommervjed Practice (FRS 102). For the year ended 31 October 2024 the Company was entilled to exemptK)n from audit under Section 477 of the Companw kt 2006 and the CharitEs kt 2011 relating to small companies and chariiies. The members have not required the compary to obtsin an audit of ils accounts for the year and the directors a¢know]edge their resportsibilit*s for comptying wilh the reqLirements of the with respect to accounting records and the preparatm of accounts. APPROVED BY THE BOARD OF I)IREGfoRS . Miss E M William5 (Oirector) Dr N G Williams (Chair) 17 Januay 2025
ANGLESEY AGRICULTURAL SlEry NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2 1. Accounli Policies 24 (a) These financial statements are prepared for the year ended 31 October 2024., comparative figures fer to the year ended 31 October 2023. (b) The accounts have been prepared under the historical $t corNention. and also in accordance viith FRS 102 Section 1A. the Charities Statement of Recommended Pra(*ice (FRS 102). and the Companies Act 2006. (c) Both Incoming ReSoUS and Resources Expended are induded in the Statement of Financial Activib"es on an accrual basis and are shown net of VAT. Grants receivable towards specific projects are treated as Restricted Income. Where the grants are spent on revenue items, the amount of grart relating to this expenditure is transferred from the Restricted Income Fund to the Unrestricted Fund, where the expendtture rs charged. MIhe the grants are spent on Capital items this expenditure is captslised as Fixed Assets. and fvnd5 are transferred from the Restnthd Income Fund to the Unrestricted Income Fund in aGcordance with the depreciab.on poiicy applying to those red assets. (d) Fixed Assets are stated at cost less depreoation. DepreGiation is provided at the following annual rates in order to wrtte off each asset over its ests"maied useful lrfe - Pafiln Mon Improvements to Other Buildings Shcv4 Equipment offi Equipment Cups and Trophies Solar Panels 2% straight line 2% straight line 25% reduang batance 25% reduong balance 10% reducing balan 4% straight line (e) The company patd into a Defined Contrtbution pension scheme under the autovenrolment regulations. Contributior6 Vre charged in the Income and Expendiiure account when they become payable. 2. Statement of Financial Actrvities I Income and dÉiure Account (a) There are no recognised gains or I¢>¥ other than as disclo1 in the Income and Expenditure Account and there have been no discontinued adivibes or ao4UiSitions in the current or preceding accounting period. (b) Charttable Expenditure widudes- 2024 2023 Depreoation Trustee5' remuneration Trustees. expenses 26206 NIL NIL 19012 NIL NIL 3. Staff Costs 2024 2023 Average number of employees - Admin&%tration Staff Costs £ 57223 £40151
ANGLESEY AGRICULTURAL SOCIE METrtrs FOR TH NOTES TO THE FINANCLqL TA Ya4R ENDED 31 OtsTOBER 2024 GONMNUED 4. Tax The society does not pay Corporation Tax on its aciivtbes as it is a Charity and uses all Its income and gains for charltable purposes. 5. Tan le Fixed Assets Freehohj Land arKI Buildi Sh(yw and Cups and hies ui ment <olar Panels Total COST As at l November 2023 Additions As at 31 OGtober 2024 1156012 264280 37519 301799 35585 37519 1494003 1156012 607 DEPRECIATION As at 1 November 2023 Gharge for the Year As at 31 Othber 2024 77138 237515 14230 329447 15877 1423 26206 15653 355653 NET BOOK VALUE As at 31 Octoter 2024 As at 31 October 2023 £1069972 £1078874 £48407 £26765 £39 £43 £19932 £21355 £1138350 £1127037 The trustees are of the opinion that the net walue of LaTvJ and Buildings not exceed ts OFen market value at the balance sh*t date. 6. Debtors and Pre me 2024 2023 Show and Sh¥grOUrKl Debtors Prepaymerrts Grants VAT 557 1607 19708 £ 40483 £ 37378
ANGLESEY AGRICULTURAL SOCIETY NOTES TO THE FIPi4NCIAL STATEVENTS FOR THE YE4R ENDED 31 OCTOBER 2024 CONTINUED Credrtor5 Trade Creditors Employment Costs Deferred Income VAT 2024 51TT 3994 4283 1007 2023 11057 5919 8974 Deferred kn¢ome comprises Winter Show income £4283 Bank Overdraft and Loan The overdraft and loan are secur&J by *al charge the frh0 land and buitdings. The loans a repayable by 2027. kGumulated Funds firrter Fair FurKI Restrict Fund in Fund Total Balance as November 2023 105437 1240140 16970 1362547 Surplus I (deficit) of Income over Expendrtu 34195 921 44016 Transfers FuThJs (6126) 6126 Balance as at31 October 2024 99311 £ 1280461 £ 26791 £ 1406563 The restricted furKI represerrts grants received tchvards fvrther development of the Old Pavilion. Al otrEr funds are unrestricted funds. £2(M)WO of whrh is desnal for repairs to the Shcmygrourna. 10. Ltmited Guarantee The lety is limrtal by guararrtee.
ANGLESEY AGRICULTURAL SOCETY SHOW INCOfvE AND EXPENDrruRE courr FOR THE YEAR ENDED 31 OCTOBER 2024 2023 2024 Nco Show round Rec 204521 miss¥)n 38455 Sponsorship 107444 Trade Exhibts 14849 Enty Fees 42764 Catering and Other ConcesswJns 13674 Winter Show kncome 41021 11J)187 30453 19411 421707 431193 Otrer Rec 1W209 Subscriptrlrs Donations and Fundrai8ng ENpnts Bank trtterest Rece 64298 Hire of Showground aTKI Pafihyn 17397 Grazing Rents 17056 Grants 1218 Solar Panel Frr 1733 ScellaneouS Receipts 19452 7165 77092 76 126 1210 127024 548731 580843
ALEsEy AGRICULTURAL SOCETY SHOW AND EXPENDtfuRE P£COUb FOR TrE YEPR ENDED 31 OCTOBER 2024 2023 if I 2024 EXPENDrruRE Show round nses EquIpent Hre settir Up intenanGe and Serwces Rosettes. Badges and Judges Altractions erttsing surances Prizes Licences arKI Ltse5 Catering Sundry Expenses Depreciation Winter Show ExFenditure 205181 62102 7528 1029) 125 7423 17408 4927 2(679 91882 7(0 14112 145 36271 5453 8918 19012 7627 262C 74 344429 421309 P4Jministration E ministration SaLaries Printing and Ststionery Postages and SuTrJries Teiephone Subscripb'ons to OttEr Scrieb'es rketirvJ aThJ Prcmot countancy F Other Professional Fees Bank Charges and hterest Computer Costs Fundraising Events scelkneous Expenses 40151 6140 4171 4104 57223 13103 3393 1975 2075 9733 1151 393 1148 16704 109392 417714 530701 142525 Surplus of kncome OWEr Exwidf(ure 50142