National Pig Association - Limited company accounts 16.3

REGISTERED NUMBER: 03859242 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

NATIONAL PIG ASSOCIATION

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

R W Lister

H Crabtree

R W Longthorp

P J Stephenson

Dr G H Smith

S Godfrey

G N S Kiddy

G T R Mutimer

REGISTERED OFFICE:

Agriculture House

National Agricultural Centre

Stoneleigh Park

Kenilworth

Warwickshire

CV8 2TZ

REGISTERED NUMBER:

03859242 (England and Wales)

ACCOUNTANTS:

Collards

Chartered Accountants

5-9 Eden Street

Kingston-upon-Thames

Surrey

KT1 1BQ

The directors present their report with the financial statements of the company for the year ended 31 December 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of operating a trade and professional association

for the United Kingdom pig industry.

REVIEW OF BUSINESS

The National Pig Association (NPA) was incorporated on 11 October 1999.

NPA is active on members' behalf in Brussels and Whitehall, and with a variety of government agencies and AHDB

fighting for the growth and prosperity of our national pig industry. NPA has a network of producer groups, and an allied

industry group, all contributing to national pig policy building. Regional groups are the ears, eyes and voice of the NPA,

active on a wide range of fronts from political lobbying to hands-on market promotion. The NPA maintains a website

which provides a forum for all NPA members.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2016 to the date of this

report.

R W Lister

H Crabtree

R W Longthorp

P J Stephenson

Dr G H Smith

S Godfrey

G N S Kiddy

G T R Mutimer

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

companies.

ON BEHALF OF THE BOARD:

R W Lister - Director

5 September 2017

TURNOVER

307,384

300,363

Cost of sales

221,159

207,849

GROSS SURPLUS

86,225

92,514

Administrative expenses

92,680

70,352

OPERATING (DEFICIT)/SURPLUS

(6,455

)

22,162

Interest receivable and similar income

1,810

1,631

(DEFICIT)/SURPLUS BEFORE
TAXATION

(4,645

)

23,793

Tax on (deficit)/surplus

(383

)

4,756

(DEFICIT)/SURPLUS FOR THE
FINANCIAL YEAR

(4,262

)

19,037

CURRENT ASSETS

Debtors

6

33,621

13,774

Cash at bank

311,866

315,688

345,487

329,462

CREDITORS

Amounts falling due within one year

7

62,064

41,777

NET CURRENT ASSETS

283,423

287,685

TOTAL ASSETS LESS CURRENT
LIABILITIES

283,423

287,685

RESERVES

Income and expenditure account

283,423

287,685

283,423

287,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which 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 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 company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 September 2017 and were signed on its behalf
by:

R W Lister - Director

1.	STATUTORY INFORMATION

National Pig Association is a private company, limited by guarantee , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of 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.

Subscription income

Subscription income received is allocated as income to the year to which the subscriptions relate. There is no

provision made for subscriptions unpaid at the year end.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% - (computers)

Nfu pension scheme

The company makes pension contributions to the National Farmers' Union Pension Scheme (the scheme) on

behalf of its employees. The scheme is a defined benefit scheme. As the company is unable to determine its share

of the underlying assets and liabilities of the scheme, it accounts for the scheme as if it were a defined

contribution scheme. Contributions to the scheme are therefore charged to the profit and loss account when

incurred.

3.

EMPLOYEES

The average number of employees during the year was 4 .

4.	SHARE CAPITAL

As the company is limited by guarantee, there is no share capital. In the event of a winding up each member

would be required to contribute an amount not exceeding £1 in addition to any sum due and payable under the

Articles of Association.

Under paragraph 6 of the Memorandum of Association, the income and property of the company shall be applied

solely towards the carrying out and exercising of the objects and powers of the company. No part shall be

distributed amongst the members of the company and in a winding up any assets available for distribution shall

be transferred to the National Farmers' Union.

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2016

and 31 December 2016

1,294

DEPRECIATION

At 1 January 2016

and 31 December 2016

1,294

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

-

6.

DEBTORS

2016

2015

£

Amounts falling due within one year:

Trade debtors

7,531

8,601

Other debtors

17,756

5,173

25,287

13,774

Amounts falling due after more than one year:

Other debtors

8,334

-

Aggregate amounts

33,621

13,774

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Trade creditors

43,744

17,120

Corporation tax

-

4,756

Social security and other taxes

5,664

8,442

Rural Stress Fund

1,048

Members Fighting Fund

5,780

Accrued expenses

5,828

4,631

62,064

41,777

8.	MEMBERS FIGHTING FUND

Included in Other Creditors is an amount of £5,780 (2015 £5,780) for the Members Fighting Fund; this fund is

administered by the NPA and it has been incorporated within the accounts. No contributions nor disbursements

were made to the fund in the year (2015 - £nil). This fund is maintained in order to accept donations towards

the cost of campaigning on behalf of the pig industry.

9.	RURAL STRESS ACCOUNT

Included in Other Creditors is an amount of £1,048 (2015 £1,048) for the Rural Stress Fund; this fund is

administered by the NPA and it has been incorporated within the accounts.

10.	FIRST YEAR ADOPTION

There are no matters to report following the company's transition from UK GAAP to FRS 102. No accounting

restatements were undertaken and hence no requirement to prepare a reconciliation statement of the company's

equity or profit or loss from the previous year.