REGISTERED COMPANY NUMBER: 02162939 (England and Wales)

REGISTERED CHARITY NUMBER: 700528

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

APPLETON POTATO MART LIMITED

Page

Trustees' Report

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

15

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2025. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The company is a trade association set up to promote education and research into the growing, marketing and technological development of potatoes.

The charity makes donations in line with the charity’s objectives.

Investments are held for long term growth and as expected have stabilised.

STRATEGIC REPORT

Financial review

Financial position

During the year the charity received total unrestricted income of £4,049 (2024: £3,155).

In accordance with its main objects and activities, the charitable company made grants and sponsorship awards of £6,175 (2024: £175) during the year.

The company made a net deficit before investment gains/(losses) of £6,880 (2024: £1,680). Unrealised losses on investments totalled £5,229 (2024: £8,653 gain) and realised gains on disposals of investments totalled £3,958 (2024: £416 loss). As a result of the net deficit for the year of £8,151 (2024: £6,557 surplus), the charitable company has unrestricted funds carried forward totalling £133,787 (2024: £141,938).

Investment policy

The trustees regularly consider the charity's funding position, placing the funds in the treasury and deposit accounts of the charity's bankers in addition to amounts placed with investment managers.

Reserves policy

It is the policy of the charity to hold reserves in its unrestricted funds in order to establish an appropriate level of working capital and to protect the future operations of the charity from the effects of any unforeseen and material variations in its income streams, as part of a policy of good financial management practice.

Risk management

The Committee continue to be aware of their responsibilities regarding risk management and meet regularly to continue to profile risks, examine controls already in place and embed new controls to mitigate significant risks.

Tax status

The company has been approved for charitable status under the Charities Act and is therefore not subject to taxation.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company is principally governed by its Memorandum and Articles of Association dated 10 September 1987.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02162939 (England and Wales)

Registered Charity number

700528

Registered office

Commonside

Common Lane

Lach Dennis

Northwich

Cheshire

CW9 7TB

Trustees

I Gough

S R Wilkinson

J M Cross

R Mounfield

R C Wilkinson

D E Roston

E Wright

For the purpose of company law, the trustees are the directors of the company.

All trustees served on the Board throughout the year, unless as otherwise stated.

S R Wilkinson and I Gough retire by rotation and being eligible offer themselves for re-election.

The charity is administered by the trustees who meet regularly throughout the year.

A minimum of two trustees retire by rotation each year and may stand for re-election. Election of the trustees is determined by the existing trustees.

Within the trustees there is a wide range of expertise and experience.

Company Secretary

A C Wildman

Independent Examiner

Emily Thompson FMAAT

The Rural Partnership Group

Suite 23

Edwin Foden Business Centre

Moss Lane

Sandbach

Cheshire

CW11 3AE

Solicitors

FDR Law

5 Palmyra Square South

Warrington

WA1 1BZ

Investment Manager

Rathbone Brothers plc

The Stables

Levens Hall

Kendal

Cumbria

LA8 0PB

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 3 October 2025 and signed on the board's behalf by:

S R Wilkinson - Trustee

We have compiled the accompanying financial statements of Appleton Potato Mart Limited (the ‘company’) based on the information you have provided. These financial statements comprise the Statement of Financial Position of Appleton Potato Mart Limited as at 30 April 2024, the Statement of Financial Activities for the year then ended, and a summary of significant accounting policies and other explanatory information.

We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

These financial statements and the accuracy and completeness of the information used to compile them are your responsibility.

Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with United Kingdom Generally Accepted Accounting Practice.

This report is made solely to the Board of Trustees of Appleton Potato Mart Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Appleton Potato Mart Limited and state those matters that we have agreed to state to the Board of Trustees of Appleton Potato Mart Limited, as a body, in this report in accordance with our engagement letter. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Appleton Potato Mart Limited and its board of Trustees as a body, for our work, or for this report.

Emily Thompson FMAAT

The Rural Partnership Group

Suite 23

Edwin Foden Business Centre

Moss Lane

Sandbach

Cheshire

CW11 3AE

3 October 2025

30.4.25

30.4.24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Investment income

3

4,050

3,155

EXPENDITURE ON

Raising funds

4

4,755

4,660

Charitable activities

Grants and sponsorships

6,175

175

Total

10,930

4,835

Net gains/(losses) on investments

(1,271

)

8,237

NET INCOME/(EXPENDITURE)

(8,151

)

6,557

RECONCILIATION OF FUNDS

Total funds brought forward

141,938

135,381

TOTAL FUNDS CARRIED FORWARD

133,787

141,938

CONTINUING OPERATIONS

All funds are unrestricted income funds.

The results shown above relate to continuing activities.

There were no other recognised gains or losses in the year.

30.4.25

30.4.24

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Investments

8

134,885

143,206

CURRENT ASSETS

Debtors

9

182

138

Cash at bank

520

394

702

532

CREDITORS

Amounts falling due within one year

10

(1,800

)

(1,800

)

NET CURRENT ASSETS

(1,098

)

(1,268

)

TOTAL ASSETS LESS CURRENT LIABILITIES

133,787

141,938

NET ASSETS

133,787

141,938

FUNDS

11

Unrestricted funds

133,787

141,938

TOTAL FUNDS

133,787

141,938

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 3 October 2025 and were signed on its behalf by:

S R Wilkinson - Trustee

1.	GENERAL INFORMATION

Appleton Potato Mart Limited is private company limited by guarantee, without share capital, incorporated in England and Wales. The directors of the company are the Trustees and are detailed on page 2. The registered number is: 02162939 and the charity number is 700528. The registered office address is: Commonside, Common Lane, Lach Dennis, Northwich, England, CW9 7TB

In the event of the company being wound up, the liability of the guarantee is limited.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

GOING CONCERN

The Trustees have assessed the charitable company’s ability to operate as a going concern for a period of at least 12 months from the date of approval of the financial statements and consider that the charity has sufficient funds to enable the charitable company to pay its liabilities as they fall due.

INCOMING RESOURCES

Investment income comprises dividend and interest income from the company's investments, accounted for on an accruals basis.

EXPENDITURE

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

INVESTMENTS

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the reporting date. Investment gains and losses, whether realised or unrealised, are shown in the statement of financial activities incorporating the income and expenditure account.

CASH AT BANK AND IN HAND

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

LIABILITIES AND PROVISIONS

Liabilities are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

FUND ACCOUNTING

The general fund and reserves are considered to be unrestricted and comprise all incoming resources received or generated for expenditure on the general objectives of the charity.

FINANCIAL INSTRUMENTS

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

3.	INVESTMENT INCOME

30.4.25

30.4.24

£

£

Investment dividend income

1,806

1,485

Interest receivable

2,244

1,670

4,050

3,155

4.	RAISING FUNDS

RAISING DONATIONS AND LEGACIES

30.4.25

30.4.24

£

£

Support costs

2,699

2,667

INVESTMENT MANAGEMENT COSTS

30.4.25

30.4.24

£

£

Investment management fees

2,056

1,993

Aggregate amounts

4,755

4,660

Grants were paid to the following institutions: Cheshire Farms Compensation Society £175 (2024: £175) and Harper Adams £6,000 (2024: £Nil).

The total expenditure for 2025 and 2024 was unrestricted. Support costs are allocated 100% to charitable activities.

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.

The average number of employees of the company during the year was 1 (2024: 1).

The staff costs represents remuneration paid to the company secretary for his services. During the year, no Trustees received any reimbursement of any expenses or any salary (2024: £Nil).

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.

6.	STAFF COSTS

The average monthly number of employees during the year was as follows:

30.4.25

30.4.24

Company secretary

1

1

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricte

fund

£

INCOME AND ENDOWMENTS FROM

Investment income

3,155

EXPENDITURE ON

Raising funds

4,660

Charitable activities

Grants and sponsorships

175

Total

4,835

Net gains on investments

8,237

NET INCOME

6,557

RECONCILIATION OF FUNDS

Total funds brought forward

135,381

TOTAL FUNDS CARRIED FORWARD

141,938

8.	FIXED ASSET INVESTMENTS

Equities

Cash

Totals

£

£

£

MARKET VALUE

At 1 May 2024

132,153

11,053

143,206

Additions

28,016

-

28,016

Disposals

(21,669

)

(9,439

)

(31,108

)

Revaluations

(5,229

)

-

(5,229

)

At 30 April 2025

133,271

1,614

134,885

NET BOOK VALUE

At 30 April 2025

133,271

1,614

134,885

At 30 April 2024

132,153

11,053

143,206

There were no investment assets outside the UK.

Cost or valuation at 30 April 2025 is represented by:

Equities

Cash

Totals

£

£

£

Valuation in 2024

154

7,287

7,441

Valuation in 2025

1,120

(9,439

)

(8,319

)

Cost

131,997

3,766

135,763

133,271

1,614

134,885

If the investments had not been revalued they would have been included at the following historical cost:

30.4.25

30.4.24

£

£

Cost

98,969

98,969

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

182

138

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Accrued expenses

1,800

1,800

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.5.24

in funds

30.4.25

£

£

£

Unrestricted funds

General fund

141,938

(8,151

)

133,787

TOTAL FUNDS

141,938

(8,151

)

133,787

Net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

4,050

(10,930

)

(1,271

)

(8,151

)

TOTAL FUNDS

4,050

(10,930

)

(1,271

)

(8,151

)

Comparatives for movement in funds

Net

movement

At

At 1.5.23

in funds

30.4.24

£

£

£

Unrestricted funds

General fund

135,381

6,557

141,938

TOTAL FUNDS

135,381

6,557

141,938

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

3,155

(4,835

)

8,237

6,557

TOTAL FUNDS

3,155

(4,835

)

8,237

6,557

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.5.23

in funds

30.4.25

£

£

£

Unrestricted funds

General fund

135,381

(1,594

)

133,787

TOTAL FUNDS

135,381

(1,594

)

133,787

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

7,205

(15,765

)

6,966

(1,594

)

TOTAL FUNDS

7,205

(15,765

)

6,966

(1,594

)

12.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2025.