Registered number.- 02646090 Charity number.. 1004255 THE NEW FOREST AGRICULTURAL SHOW SOCIETY (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
THE NEW FOREST AGRICULTURAL SHOW SOCIETY {A company limited by guarantee) CONTENTS Page Reference and adminlstrallve dètalls of thè Companyy Its Trusteès and advisers Trustees. report Independent audltors. report on th& financlal stat¥ments 9-13 Consolidated statement of financial activities 14 Consolldated balance sheet 15-16 Company balance sheet 17-18 Consolldated statement ol cash flows 19 Notes lo the financlal statements 20-42
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2025 Trustees A J Lawford A M J8nnlngs T M Dalton K Slocombe D M Stewart {reslgned 29 April 20251 M R Moniagu-scott M R Harris S C Dovey J W Lowth OJCook M J Lawson {appointed 16 June 20251 D E Bence lappointed 17 November 20251 Company registeréd numbèr 02646090 Charity registered number 10Q4255 Registered office The Showground New Park Brockenhursl Hampshire S042 7QH Company secretary D J Dooley Chairman A J Lawford Independent auditors Shaw Gibbs (Audill Limited ststutory Audilor Union Road Farnham Surrey GU9 7PT Page 1
THE NEW FOREST AGRICULTURAL SHOW socIErY IA company limited by guarantee} REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Bankers Lloyds Bank PIC 39 High Street Lymlnglon H8mpshlre S041 gZF Solicitor3 Trelhowans LLP The Pavilion Botlei9h Grange Business Park Soulhamplon Hampshire S030 2AF Investment Advl$ors Evelyn Partners 4th Floor, Cumberland House 15-17 Curllberland Place Soulhamplon Hampshire S015 2BG Page 2
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA Company limited ljy guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees are pleased lo present the Sociells Annual Roport and audited consolidated financial statements for the ended 31 October 2025, incorporating ils two trading subsidiaries, New Park Evènts Ltd and Camping In Thè New Forest Ltd. These financial slalemenls have been prepared In a¢cordan¢e with A¢counting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS1021 as detaid in Ihe accounting policies. The aim is lo link in¢ome and expenditure of each area of the Society's aclivi118S to giv& a clearer picture of what the Society does and the financial constsquen¢es of these actions. Structure, Governance and Management Governing Document The Charity is a ¢ompany limited by guarantee, incorporated on 17 September 1991 and registered as a charity on 9 January fj992. The Charity was formed under a Memorandum of Association, which established th8 obj6cls and powers of the charitable wmpany and is govemed under its Articles of Association. The liability of the members is limited lo such contribution as may b¢ required (but not exceeding £11 lo the Charity's assets should it be wound LJP whilst they are members or within one year after they cease lo be mernbers, for payment of the Charity's debts and liabilities conlracled before they cease lo be members and of the costs, charges and expenses of ¥Aqnding up, and for Ihtr adjuslmenl of the riohts of the conlribulories amongst themselves. The total number of such guarantees al 31 October 2025 was £1,55012024'. £1,239>. If on winding up or dissolullon of the Charity there remains, after the satisfaction of all ils debts arid liabililitss, 8ny property whatever. the same shall not be paid or di51ribuled among the members of the Charity but shall be given or transferred to some other charitable institution or instilulions, having objects simi18r lo the objects of the Charity. Appointment of Officers and Trustee The President. President Elect and elected members of the Board are appointed al th8 Annual General Meeting. The other board member5 currently lolalling 10 are elected for a three-year term, one third retiring annually. Board members musl be members of the Society, proposed and se¢onded by existing Council Members. All other positions are determined by the Board. The Board meet on a monthly basis wlh the Council of 62 convening quarterly. This new structure ensures Iruslees are fully involved in the decision-making process. The trustees, who are also the directors for the purpose of company law, and who served during the year were.. T M Dalton OJCook A M Jennings A J Lawford K Slocombe D M Stewart Hon. Mrs M R Monlagu-scoll M R Harris S Dovey J Lowth M J Lawson D E Benc6 rasigned 29 April 2025 appointed 16 June 2025 appointed 17 November 2025 Page 3
THE NEW FOREST AGRICULTURAL SHOW SOGIErY IA company limited by guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Trustees, Inductlon and Training New trust8&s normslly, bul not exclusively. have knowledge of the charills functions and of tho Annual Show. They are forwarded a copy of the last two years, accounts and a copy of the charily'g Mèmorandum and Articlès. New Iruslees are invited lo a meeting with the char¢ly'y staff and are also introduced lo the Board at the first opportunity. Trustees receive a lull br161ing from tha Chlef Execullve 2nd Chairman about their responsibilities, the Charity's remit, future plans and how the charity operates and manages its affairs. Thls is follr)wed up In willing. All Trustees allend the Annual Summer Briefino whieh includès all board members and the majority of the 400 volunteers. Responslblllties of the Trustees The Trijslees, who are also the directors of The New Forasl Agricultural Show Society for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance wth applicable law and LIK Aecounling Stsndards and FRS102. Company law requires the Trustess to prepare financial slalemenls for each financial year which give a true and fair leW of the slale of affaSrs of the charitable company and of the incoming resources and application of resources, including the income 2nd expenditure. of the charitable company for Ihal year. In preparing these linancial statements, Ihe trustees are required to.. select suitable accounting poli¢ies and then apply Ih@m consislenlly. observe the methods and principles in the Charities SORP IFRS 1021., make judgements and estimates that are reasonable and prudent., stsle whether applicable UK Account4ng Standards have been followed. subject lo any material departures disclosed and explained in the financial stalemenls,. an prepare the finan¢ial slaltsments on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Truslees Bre responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime Ihts financial position of the Charity and enable them to ensure that the financial stalem¢nl$ comply with the Companies Act 2006. They are also responsible for saleguurding the assets of the Charity and hence for taking reasonable steps for the prev8ntion 8nd dètection of fraud and other irregularities. Thls report h8s been prepared in accordance with the special provisions rel2ting lo small ¢omp8nles wllhin Part 15 of the Companies Act 2006. Organisallon The Board of Trustees, who administer and sel plans and objeclivès for the Charity. meet monthly. The Chief Executive is appointed by the Trustees lo manage the day-to-day operations., he has deleg8ted eulhority, as approved by the Trustees, for all operational matters and is answerable lo the Board. There are various sub- commillees who adminisler aspects of the Show and who meet regularly. Staff pay and remuneration is sel by the Board on an annual basis. On daciding pay, thè Board considèr past flnancial results, performan over the previous year as well as ourrenl mèrkel rates in the area. Some board m8mbèrs 8xhibil at Ihè Show on the same terms as those available lo members generally. Page 4
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Oblactlvos and actlvltles The objèctives and strategies ara d&sign&d to help promote the Charity's main aim to promote and encourage the development of agriculture, forestry, equestrianism and horti¢ultur¢ in all their branches and generally lo improve and encourage the improvement in the breeding of stock and the achlevemenl of agriculture, forestry, equestrianism and horticulture generally. Objective- To successfully stage The Nw Forest and Hampshire County Show. Strategy- Work stewards, contractors, exhibitors and other stakeholders lo encourage visitors lo learn about life in the New Forest, ils livestock, horticulture, conservation and to appreciate ourwonderful environment k)y offering charitable activities and holding lop quality ¢ompelitions. Measurement- Visitor suNeys, compelitor responses and data from Show actsvilies. Outcome- The 2025 Show was highly successful. allracling largo crowds and positive feedback, with traders reporting strong sales. Dry July weather aided setup but made managing the show ring more chall&nging. A new local craft lent supported area businesses and organisalions. Objective- To hold quality competitions lo promote the best of breed. Strategy- Work with Breed So¢ielies lo create a platform lo attract national competitions. Measurement- The number of horse qualifiers or national shows held al the event along wlh the standard of ¢ompelilor. Outcome- The 2025 New Forest & Hampshire County Show held over 50 Horse of the Year Show qualifiers and welcomed near record equine entries. Our groundsmen and his learn produced a fantasti¢ 8venl and competitors enjoyed ¢ompetition of the highest standard. Objective- To improve educational activities lo promote our charitable remll. Strategy- Hold educational activities and improve ¢haritable activities. Measurèm8nt- The Society hosts educational courses throughout the year, monitors allendee numbers and reviews visitor feedback. Outcome- Following a comprehensive review of the educational department, a new Eéucalional Officer was appointed to serve bolh the Society and ils trading companies. During the year, the Society established a mini forèst, with over 3,000 trees planted by school children and members of the local community. Additionally. education81 a¢livilltss were run across our campsites and at New Park. The Society facililaled educational walks, reinslaled Schools Day, and parti¢ipalod in Open Farm Sunday. Preparations are progressing for an expanded project planned for 2026. Objective- To ensure the Show continues lo b8 financially viable. Stratègy- Lower the cost of holding the Show, broaden income streams away frorn the event and find new soUrS of in¢ome. Measurement- Careful budgeting alongside preparation of a¢¢urate monthly management accounts will be used lo review the current financial performance and the impact of new ideas. Outcome- Consistent cost culling, combined wth the growing profitability of its trading subsidiaries has strengthened the Society's financial security, reflecting the hard work 8nd dedication of our valued staff and volunteers. Page 5
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Public Benefll The TTUStees confirm they have referred lo lh9 guldance contained in the Charity Commission's general guidance on public benefil when r6vi&wing thè charity's alms and objectives and planning future activities. The Trustees have used the maln Chariws overall objective to sel the objectives and strategies detailed above lo ensure that they will Increase the benefit lo the widest possible audienca. Short and Long Temi Aims Following the modest deficit from the Show. our primary objectives now are to increase annual income and maintain a low-cosl base. This approach will help protect the Show in Ihe evenl of adverse weather ¢ondilions. At the end of the year, th6 Coun¢il approved the Socsely's five-year plan, which centers on four principal areas, known internally as our CARE pillars.. Celebrate food, farming, and rural life Advance Mew Forest local communities, practices. and traditions Raise our reputation by placing education at the core of our activities Ensure environmental awareness through a progressive, susl<iinable business model Every seelion of the Show Is responslble for implementing these pillars within their respective areas to drive prouress over th6 next five years. Beyond the Show itself, our trading companies are focused on enhancing their offerings to further support the Sociely, slrenglhen community engagement, and expand educational inilialives. Contribution of Volunteers The Charity is indebted lo the hundred$ of volunteers who give their liTre freely to assist throughout the year. Volurile¥rs play a critical rolo in the running of the Charity and all major decisions are passed through Ihe individltal ¢ommi11ges. Achlevements and Performance The Show was a great success, diawlng18rge crowds and receiving excellent feedback. Exhibitors look part in high-quality eompelitions, and educational activities were held throughout Ihg Showuround. The local community unilod lo highlight the best aspects of the New Forest, and the event ran smoothly without major incidents. Education continued to be an important focus for the Soci8ly. demonslraled by the planting of our new Mini Forest. Wilh the addition of another educational delivery officer, we have been able to expand our projects and Èngagè èven more people ir¥ the community. Evening walks, tree planting, and drop-in activities were particularly well received. The successful reinlroduclion of Schools Day was a significant milestone and signalèd the beginning of a new chapler tor the Sociely. Camping in th& New Forest experienced another successful year, with pilch income rising 11°/o compared to last year. Improvements within the company have led lo more effictent operations, bètter féÉdb8ek. and innovativs new initlalives. Visitors enjoyed an unprecedented level of educallonal experiencos, funds wer8 raised for the upcoming bursary. We extend our sincere thanks lo everyone who contributed, especially our stsff, whos& dedi¢ation and cornmilmenl went above and beyond once again Ihis year.. Flnanelal Rèvlew The nel increase in funds for the year tolalled £874,65612024.. £476,862) bringing total reserves al the year end to £3,621,45312024.' £2,746,797). 01 these reserves, £60,000 relates lo a restricted fund Lssed for speciflc sile improvernents 2nd the refurbishment of thè Mill Building, £14.373 r&lales to a restricted fund for the Sam and Paoe 6
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited tjy guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Florence Bailèy Bursary and £10,449 rel818s to 8 reslricl&d education fund. New Park Events Limited made a profil of £fj21,765 12024.. £49,366) in the year whilst Camping in the New Forest Ltd made a profit of £823.27612024'. £453,832), donating £361,45412024.. £424,956) lo the Charity. Reserves Policy The Board has established a policy whereby the unrestricted funds not commilled or invested in tangible fixed assets (free reserves) held by the Charity should be half the average annual gross income. This should currently equate to about £950,000. At this level, the board feels that it would be able to continue the current activities of the Charity in the evenl of two consecutive years of poor resulls due lo unforeseen reasons, cancellation, or bad weather. Al the end of the period, unreslricled reseNes of the group were £3,535.556 12024.. £2,661,977) and free reserves, ¢alculaled as unreslri¢led funds less designated funds, intangible and tangible fixed assets stood al £2,700,08012024.. £2,028,881). Inv8Stmant Powars and Policy Th& board has ¢onlinu8d lo r&view the most appropriate policy for invesling surplus funds and has continued lo hold ils investments in a short-leim money market fund lo gènèrate rèliable income whilst preseNing capital. Our independent financial advisor, Evelyn Partners, are aware of the aims of Ihs Charity and Ihtsy onsure that our investments wmply with our policy Related Parties The Charily is a full member of the Association of Show and Agricultural Organisalions {ASAOI. The ASAO provide5 access lo all new and relevant legislation through meetings, conferences and training days and also provides access lo other charities involved in the running of similar events. The Chief Executive is currently Chairman of the ASAO. New Park Evtsnts Limited, a wholly owned subsicsiary of the Charity, was established in March 2004 and manages the camping facilities al New Park. Its dir¢¢lors are all board members of Ihe Charily. The company owed the Gharily £100,581 at the year end. Camping In The New For6$1 Lirniléd, a wholly owned subsidiary of the Charity, commenced trading in March 2023 and manages len varied campsites across th6 New Forest on behalf of Forestry England. Most of Ils directors are board members of the Charity. During the year, the subsidiary company made a gift aid payment of £361,454 12024.. £424,956), in respect of its profit for the previous period. The Charity owed the company £27.430 al the year end. Transaclions with Iruslees are disclosed in note 12 of the financial slatemenls. Auditors The auditors. Shaw Gibbs, are deemed re-appointed under section 487121 of the Companies Act 2006. Risk M8nagement Risks affecting the Charity are assessed annually. All identified risks ar8 ¢onsidered and action is taken to manage and mitigate the problem. The Board review the risk assessments and put In plac8 any n8c¢ssary actions. Fundraislng The Chief Executive organises fundraising events and coordinates the aolivilies of our supporters. The New Forest Agricultural Show Sociely does not use professional fundraisers or involve commercial participators. 11 is not part of any voluntary scheme or standards for regulating fundraising. There have been no complaints about fundraising activity durin9 the year. The Nsw Forest Agricultural Show Society does not undertake any direct marketing for the purposes of fundraising in order lo ensure that there is no unreasonable intrusion, persistent approaches or undue pressure. No third party fundraisers are used by the Charity. Page 7
THE NEVV FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Plans for future periods The straleglc dirocllon for New Park. camping and education across all three companies has been agreed with all stakeholders and will be implemented Ihroughoul 2026. Discussions about Ihe future direLlion ol the Show are ongoing with a focus on increasing visitor numbers, further reducing costs and &nhancing Oltr eharitsble activities, Disclosure of information to auditors Each of the persons who ar2 Trustees al the lime when this Trustees, reporl is approved has confirmed Ihal.. so far as that Trustee is aware, there is no relevant audit information of which tha tharitable gmup's auditors are unaware. and that Trustee has taken all the steps Ihat ought lo have been taken as a Trustee in order lo be aware of any relevant audit information and lo esiablish that the charitable grotjp's auditors are aware of that information. On behalf of the Board of Trustees.. ord (Chair of Trustees) D81e'. Page 8
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE NEW FOREST AGRICULTURAL SHOW SOCIETY Opinion We have audited the financial slalemenls of The New Forest Agricultural Show Society Ilhe 'parent charitable companl) and its subsidiaries (the 'group'l for the year ended 31 October 2025 which comprise the Consolidated slalemenl of financial a¢livilies, the Consolidated balance sheet, the Company balance shesl, the Consolidated slalemenl of cash flows and the relal8d notes, in¢luding a summary of significant accounting policies. The financial reporting framework that has been applied in their pr&p8r¥lion is 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 Genorally A¢cepled Accounting Practice). In our opinion the financial slalements.. give a trLJe and fair view of the slate of the Group's and of the parent charitable ¢ompanVs affairs as al 31 October 2025 and of the Group's incoming reSoUrS and application of resources, including its income and expendilure for the year then ended., have been propedy prepared in accordance TArith United Kingdom Generally Accepted Ac¢ounting Practi., and have boen prepared in a¢¢ordan¢e with the reqU1MentS of the Companies Act 2006. Basls for oplnlon We condu¢led our audit in a¢¢ordan¢e with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financial slalemenls section of our report. We are independent of the Group in accordance with the ethical requirements Ihat are relevant to our audit of the financial slalemenls in the United Kingdom, inclijding the Financial Reporting Council's Elhi¢al Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We belitsve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to golng ¢oncèrn In auditing the financial statements. we have concluded that the Trustees, use of Ihe going concern basis of ac¢ounling in Ihe preparation of the financial statements is appropriate. Based on the work we have perf()rmed, we have not idenlilied any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability lo continue as a going concern for a period of al least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities ol the Truslees with respect to going concern are described in the relevant sections of this report. Pagè 9
THE NEW FOREST AGRICULTURAL SHOW SOCIETY {A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE NEW FOREST AGRICULTURAL SHOW SOCIETY ICONTINUEDI Other informatlon The olh¢r information comprises the information included the Annual report other than the financial slalements and our Auditors. report Ihereon. The Trustees 8re responsible for the other information contained within the Annual report. Our opinion on the financial slalemenls does not cover the other infomiation and, except lo the extent otherwise expli¢illy slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsiblllty is lo read the other informalion and, in doing so, ¢onsider whether the other information is materially inconsistent with Ihe financial sla16mènls or our knowledge obtained in the course of the audit, or olhenNise appears to be maltsrially misslaled. If we identify such material in¢onsisl$ncles or apparent material misstatements, we are required lo determine whether this gives rise lo a material misslalemenl in the financial statements themselves. If, based on Ihe work we have performed, we conclude that there is a material misslalemenl of this other information, we ar8 required lo report that fact. We have nothing lo report in this regard. Oplnlon on other matters prescribed by the Companlès A¢1 2006 In our opinion, based on the work undertaken in Ihts ¢ourse of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistenl with the financial slalemenls. the Trustees. Reporl has been prepared in accordance with applicable legal requirements. Mattèrs on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and ils environment obtained in the course of the aLJdil, we have not id6nlified material misstatements in the Trustees, Report. We have nothing lo report in respect of the following matters in relation lo whlch Companies Act 2006 requires us lo report to you if. in our opinion.. the parent charitable company has not kept adequate and sufficient accounting records, or returns ad8quale for our audit have not been re¢eived from branches not visited by us., or the parent charitable company financial statements are not in agreement with the accounting records and returns., or c8rtain disclosures of Trustees, remuneration speclfled by law are not made., or we have not received all the infomalion and axplanalions we require for our audit. Page 10
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA ¢ompany limited by guaranteel INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE NEW FOREST AGRICULTURAL SHOW SOCIETY ICONTINUEDI Responsibilities of trustees As explained more fully in the Trustees, responsibilities statement. the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied Ihat they give a true and fair view, and for such internal control as the Trustees determine is necessary lo enable Ihe preparation of linanoial statements that are free from material missiatement, whether due lo fraud or &rror. In preparing the flnancial statements, the Trustees are responsible for assessing the Group's and the parent charitable companrfs ability lo Continue as a going concern. disclosing. as appli¢ablo, matters related lo going concern and using the going concern basls of accounting unless the Trustees either intend lo liquidate the Group or th8 parent charitable company or lo cease operations, or have no realistic alternative bul lo do so. Page 11
THE NEW FOREST AGRICULTURAL SHOW SOCIETY {A company limited by guaranteè) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE NEW FOREST AGRICULTURAL SHOW SOCIETY ICONTINUEDI Auditors. responslblllties for the audit of the flnan¢lal Statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are [e from material misstatement, whether due lo fraud or error, and lo issue an Auditors. report thal includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit ¢onducled in accordance with ISAS {UKI will always delect a mat&risl misslalemenl when il exists. Misslalemenls can arise from fraud or èrror and are considered material if, individually or in the aggregals, they could reasonably be expe¢t8d lo influence the econornic dacisions of users taken on the basls of these financAal statements. Irregularities, including fraud. are instances of non-¢ompllance with laws and regulations. We dagign procedures in line with our responsibilities, outlined above, lo delecl material missiatemenls In respect of irregularities, including fraud. The exlenl to which our procedures are capable of delecling irregularities, including fraud is detailed below-. We gained an understanding of the legal and regulatory framework applicable lo the charitable company and the industry which il operates, and considered the risk of acts by the charitable company that were conlrary lo applicable laws and regLJlations, including fraud. We designed audit predureS to respond lo th6 risk, recognising that the risk of not delecling a material misstslemenl due lo fraud is higher than the risk of not delecling one resulting from error, as fraud may involve deliberate con¢ealmenl by, for example, forgery or intentional misrepresentations, or through collusion. We focused on laws and rtsgulalions which could giv$ rlsa lo a material missialemenl in Ihts financial slalernents, including, bul not IlmSted lo, the Charities Aot 2011, the Companies Act 2008 and UK tax legislation. Our tests included agreeing th8 financial slalemenl disclosures lo underlying supporting do¢umenlalion and enquiries with managerllenl. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial slalements, the less likely we would become aware of it. As in all our audits, we also addressed the risk of management override of intemal ¢onlrols. including testing journals and evaluating whether there was evidence of bias by Ihe Trustees that represented a risk of materi81 misslalemenl due to fraud. We also rtsviewed expenditure on a sample basis for ally irregular amounts whi¢h are not in line with the objects of th8 charity. We did not idsntify any key audit matters relallng lo irregularities, including fraud. A further description of our responslbllllies for the audit of thè financlal statements is located on tha Flnanclal Reporting Council's webslle al., ww.frc.o .uklauditorsres onsibililies. This description forms part of our Auditors, report. Page 12
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE NEW FOREST AGRICULTURAL SHOW SOCIETY ICONTINUEDI Use of our report This report is made solely lo the charitable company's members, as a body. in accordance wlh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable comp8nls members those matters we are required to stale lo them in an Auditors. report and lor no other purpose. To Ihtr full&sl exlenl permitted by law. we do not accept or assume résponsibility to anyone other than the charitable company and SIS members, as a body, for our audit work, for this report, or for the opinions we have formed. ?,-L Mark Dickinson FCA {Senior statutory auditor) for and on behalf ol Shaw Gibb5 (Audltl Llmltéd Slalulory Auditor Union Road Farnham Surrey Gug 7PT Date.. 11 May 2026 P8gé 13
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 OCTOBER 2025 Restricted Unr8Strictèd funds funds 2025 2025 Total fLEnds 2025 Total funds 2024 Nota Income from: Donations and legacles Charllable activities Other trading activities Investmgnts 767 3,386 1,917.391 5,332,830 90,319 4,153 1,917,391 5.332,830 90,629 3,839 1,807,311 4. 160,671 62,553 310 Total income 1,077 7,343,926 7,345.003 6,634.374 Expèndlture on.. Other trading activities Charitable activities 4,445,470 2.024.877 4,445,470 2.024,877 4.196.817 1,993,939 Total expenditure 6,470,347 6.470.347 6. 190, 756 Nèt income before net galns on investments Net realised and unr8alis8d gains on investments 1,077 873,579 874,656 443.6t8 33,244 Net movement in funds 1,077 873.579 874,656 476,862 Recon¢ilÈation of funds- Total funds brought forward Nel movement in funds 84.820 1,077 2.661,977 873,579 2,746,797 874,656 2,269,935 476,862 Total funds ttarri¢d fomard 85,897 3,535,556 3,621,453 2, 746, 797 Page 14
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guaranleel REGISTERED NUMBER.. 02646090 CONSOLIDATED BALANCE SHEET AS AT 31 OCTOBER 2025 2025 2024 Note Fixed assets Intangible assets Tangible assets Investment propety 13 14 15 9,197 826,279 878.916 7,664 625,432 964,881 1.714,392 1,597,977 Current assets Stocks Debtors Cash at bank and in hand 17 18 25.339 225.476 2.851.597 13,718 236,406 2,253,531 3.102.412 2.503,055 Creditors.. amounts falling due within one year 19 {1,195,3511 (1,237,568) Net current assets 1,907,061 1,265,487 Total assèts lass current liabilities 3,621,453 2,863,464 Creditors.. amounts falling due after more than one year 20 (116,667) Net assets excludlng penslon asset 3,621,453 2,746, 797 Total net assets 3,621,453 2,746, 797 Charlty funds Restricted funds UnstrIcted funds 21 21 85,897 3,535,556 84,820 2,661,977 Total funds 3,621,453 2, 746,797 Page 15
THE NEW FOREST AGRICULTURAL SHOW SOCIETY A company limited by guarantee) REGISTERED NUMBER.. 02646090 CONSOLIDATED BALANCE SHEET ICONTINUEDI AS AT 31 OCTOBER 2025 The Trustees acknowdedge their responsibililigs for complying with the requirements of the Act with respect to accounting rettords and preparation of financial statements. The financial statements wttra app¥oved and authorisèd for issue by the Trustees and signed on their bahalf by.. A J Lawford (Chair of Trusleesl Date.. The noles on pages 20 to 42 fomi part of these financial slat¢menls. Page 16
THE NEW FOREST AGRICULTURAL SHOW SOCIETY (A company limited by guarantee) REGISTERED NUMBER.. 02646090 COMPANY BALANCE SHEET AS AT 31 OCTOBER 2025 2025 2024 Note Fixed assets Tangible assets Investments 14 100,479 100 878,916 114,628 loo 964,881 16 15 Investment property 979.495 1.079,609 Current assets Stocks Debtors Cash al bank and In hand 17 2.577 150.202 1,643.897 2.277 291,029 f.095,340 18 1,796,676 1.388,646 Creditors.. amoun15 falling due within one year 1272.8691 {215,922) Net current assets 1.523.807 1,1 T2, 724 Total assets less current liabilities 2.503,302 2,252,333 Creditors-. amounts falling due after more than one year 20 140,000) Net assets excludlng pension asset 2,503,302 2.212,333 Total nel assets 2,503,302 2,272.333 Charlty funds Reslricl&d funds Unreslricled funds 21 21 85.897 2.417,405 84,820 2. 127,513 Totsl funds 2.503,302 2,212,333 The Companls net movement in funds for the year was £290.96912024- £398,6201- Page 17
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) REGISTERED NUMBER.. 02646090 COMPANY BALANCE SHEET ICONTINUEDI AS AT 31 OCTOBER 2025 The Trustees acknowledge their reSnsIbIlitieS for Complying wlth the requlrÈments of the Act with spect lo accountin9 re¢ords preparation of financial stalèmanls. The financjal statements were approved snd aulhorised for issue by the Trustees and signed on their behalf by.. A J Lawford Ichair of Trustèes} D81e'. The notes on pages 20 10 42 form part of these financial slalemenls. Pagè 18
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guaranteel CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2025 2025 2024 Cash flows from operating activities Nél cash generaled from operating activities 997,888 479, 781 Cash flows from investing a¢tivltlÈs Dividends, interests and rents from investments Proceeds from th8 sale of tangible fixed assets Purchase of intangible ass&ts Purchase of tangible fixed assets Proceeds from sale of investments 182,254 1,071 14,0001 {336,4801 145.060 (4.000) 1162,963) 347,420 Net cash (used inllprovided by investing actlviti8s 1157,1SS1 325,517 Cash flows from flnanclng actlvltles Repayments of borrowing {242,6671 (125.999) Net cash used in financlng activities {242,6671 1125,9991 Change In cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 598,066 679,299 2,253,531 1.574.232 Cash and cash equivalents at the end of the year 2,851,597 2,253,531 The notes on pages 20 to 42 form part of these financial slalements Paga 19
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 General information The New Forest Agricultural Show Society is a charitable company established Ljnder ils Memorandum and Articles of Association and registered wlh the Charity Commission and Companies House in England and Wales. The principal addres5 is rhe Showground, New Park, Brockenhursl, Hampshire, S042 7QH. Accounting policies 2.1 Basis of pr8paration of financial statements Th& flnancial slalemenls have been prepared in accordance with the Charitiès SORP IFRS 1021 Accounting and Reporting by Charilles.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicabls in the UK and Republic of Ireland IFRS 1021 and the Companies A¢t 2006. The New Forest Agricultural Show Society meets the definition of a public benefit enlily under FRS 102. Assets and liabilitie5 are initially recognised al historical cost or transaction value unless olheiwise slated in the relevant a¢¢ounling policy. The Consolidated statement of financial activities ISOFAI and Consolidated balance sheet consolidate the financial slalements of the Company and ils subsidiary undertaking. The results of th& subsidiary are consolidated on a line by line basis. The Company has taken advantage of the exemption allowed under section 408 of the Companies Acl 2006 and has not presented ils own Statemfjnl of flnancial activities in these financial slalèmenls. Page 20
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting policios Icontinuedl 2.2 Income All income is recognised once the Company has entitlement lo the income, it is probable that the income will bo received and the amount of income receivable can be measured reliably. Income tax recoverable Sn relation to investment Income is recognisèd al the lime the inveslmenl income is receivable. Olhar in¢ome is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of Ihe service. Sale of goods Turnover from the sale of goods is recognised when all of the following Conditions are satisfied.. the Company has transferred the significant risks and rewards of ownership lo the buyer; the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor elfeclive control over Ihe goods sold. the amount of turnover can be measured reliably., it is probable that th8 Company will receiva the consideration due under the transa¢lion', and the costs incurred or to bts incurred in respect of the transaction can be measured reliably. Rendering of $8rvl¢es Turnover from a contract to provide seNi¢8s is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied.. the amount of turnover can be measured reliably., il is probable that the Company will receive the Consideration due under the conlracl., the stage of completion of the contract at the end of the reporting period can be measur8d reliably., and the ¢osis incurred and the costs to corllplete Ihe contract can be measured reliably. 2.3 Expenditure Expendllure is recognised on¢6 there is a legal or constructive obligation lo transfer economic benefit to a third party, il is probable that a transfer of economic benefits wll be required in settlement and the amount of the obligation can be measured reliably. Expenditure on raising funds includes all expenditure incurred by th& Group lo raise funds for ils charitable purposes and includes costs of all fundraising activities events and non-charilable trading. Expenditure on charitable activilies is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Interest rocelvable Interest on funds held on deposit is included when r8¢eivable and the amount ¢an be measured reliably by Ihe Group,. this is normally upon notification of the interest paid or payable by the inslilulion with whom the funds are deposil8d. Pag&21
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting policies {continuedl 2.5 Intangible assets and amortlsatioii Intangible assets are initially recognised al ¢ost. After recognition, under the cost model, intangible assets are measured at cost less any 8¢CUtnulaled amortisalion and any accumulaled impairment losses. Amortisalion is provided on intangible assets al rates calculated to write off the cost of each asset on a slraight-lin8 basis over ils expe¢ted useful life. Amortlsalion is provided on the followng basis.. Computer software 'A 5 years straight line. 2.6 Tangible fixed assets and depreciation Tangible fixed ossels are capitalised and recognised when future economic benefits are probable and the ¢()sl or value of the asset Can be meaSUd reliably. Tangible fixed assets are initially recognised al cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated deprtscialion and any accumul818d impairment losses. All ¢osls incurred to bring a tangible fixed ass$1 into ils intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less thtsir residual value over their eslimaled useful lives. Depreciation is provided on the following bases.. Showground and office Leasehold improvements Show equipment Offi¢e equipment Carnpsite equipment Plant Motor vohlcles 10 years slraighl line. 20 years straight line. 4 years straight line. 3.4 years straight line. 5-10 years slraighl line. 4 years straight line. 4 years slraighl line. 2.7 Investments Fixed asset invaslments are a form of financial instrument and are initially recognised al their Iransaclion cost and subsequently measured al fair value al the Balance sheet dalts, unless the value cannot be measured reliably in which case it is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLosses) on investments, in the Consolidated slalemenl of financial activities. Investments In subsidiaries are valued at cost less provision for impairment. 2.8 Stocks stocks are valued al the lower of cost and nel realisable value after making due allowance for obsoltsle and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Page 22
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limitèd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDE[) 31 OCTOBER 2025 Accounting policies Icontinuedl 2.9 Dèbtors Trade and other debtors are recognised al the selllemtrnl amount after any trade discount offered. PrepayTnents are valued at the amount prepaid net of any trade dis¢ounts due. 2.10 Cash at bank and in hand Cash al bank and in hand includes cash and short-term hiohly liouid investments with a short maturity of Ihr8e months or less from the dale of acquisillon or opening of the deposit or similar account. 2.11 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balance sheet dale as a re5uII of a past event. il is probable that a transfer of economic benefit will be requird in setuemenl. and the amount of the selllemenl can be eslitnaled reliably. Liabilllies are recognised at the amount that the Company anticipates it will pay lo sellle the debl or the amount it has received as advanced payments for the goods or services it must provide. Prows1ons are measLJred al the best estimate of the amounts required lo sellle the obligallon. Where the effect of the lime value of money is material, the provislon is based on the present value of those amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability. Thts unwinding of the discount is recognised in the Consolidated slalement of financial a¢tivities as a finance cost. 2.12 Financial instruments The Group only has financial assets and financial li8bilities of a kind that qualify as basic finan¢ial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with Ihtt exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.13 Operatlng leases Rentals paid Under operating leases are charged lo the Consolidated statement of financial a¢livilies on a straighl-line basis over the lease term. 2.14 Pension$ The Group operates a defined contribution pension scheme and the ptsnsion ¢harge represents the amounts payable by the Group lo the fund in respect of the year. Page 23
THE NEW FOREST AGRICULTURAL SHOW SOCIErY IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Ac¢ountlng policies Icontinuedl 2.1 S Fund accounting GenerEI funds are unreslricled ftjnds which are available for use at the discretion of the Truste8s in furthcrance of the general objectives of the Group 2nd which have not been designated for other puiposes. Restrictèd funds are funds which are lo be used in accordance ufjlh specific rèslriclions Imposed by donors or which have baén raised by the Group for parti¢ular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of e8¢h reslri¢led fund is s61 out in the notes to the financial slalemenls. Investment income, gains and losses are allocated to the appropal8 fund. Income from donations and legacles Restrict8d Unrestrl¢ted fund5 funds 2025 2025 Total funds 2025 Donations 767 3.386 4,153 Unrestricted funds 2024 Tolal funds 2024 Donabons 3,839 3,839 Income from charitablè activities Unrestricted funds 2025 Total funds 2025 To181 funds 2024 Show income 1,917,391 1.917,391 1,807,311 Page 24
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Income from other trading activities Income from non charitablè tradlng activities Unrestricted funds 2025 Total funds 2025 Total funds 2024 Property income Campsite income 167,841 5,164.989 167,841 5,164,989 150,496 4, 610, 175 5,332,830 5,332,830 4, 760.671 Investment Income Restricted Unrestrictèd funds funds 2025 2025 Total funds 2025 Interest and dividends receivable 310 90,319 90.629 Unrestricted funds 2024 Total funds 2024 Interest and diwdends re¢eivable 62.553 62,553 Page 25
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limitèd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 202S Expenditure on other charitable activities Other trading expenses Unrestricted funds 2025 Total funds 2025 Totèl funds 2024 Property costs Education costs Cost of salès Administration expenses Interest payable Cost of sale5 staff costs Administration staff costs Administration depr&ciation 198,988 21,360 2,279,399 245,368 2,830 1,014.531 574,229 108,785 198,968 21,360 2,279,399 245,3fj8 2,830 1.014,531 574,229 108,785 56,204 25,873 2,256,801 260.328 11,438 935,573 584. 742 65,858 4,445.470 4,445,470 4. 196,817 Page 26
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Analysls of expenditure on charitable activities Summary by fund type Unrestricted funds 2025 Total 2025 Show costs 2,024,877 2,024,877 Restricted unStriCted funds funds 2024 2024 Tolal 2024 Show costs 1,993,937 1,993,939 Analysis of expendlture by actlvltles Activities undertaken directly 2025 Support costs 2025 Total funds 2025 Show costs 1,346,741 678,136 2,024,877 Activilies undertak8n directly 2024 Support costs 2024 Total funds 2024 Show costs 1,319.781 674,158 1.993,939 Page 27
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Analysls of expenditure by activities Icontlnuedl Analysis of direct costs Show Incomé 2025 Total funds 2025 Total funds 2024 Staff costs Support costs 98,396 1,248,345 98,396 1,248,345 118,464 1,201,317 1,346,741 1,346,741 1,319, 781 Analysls of support Gosts Show Income 2025 Total funds 2025 Total funds 2024 Staff co$18 Support costs Governan costs 392,240 276,656 9,240 392,240 276,656 9.240 383,775 2T4,.752 16,031 678.136 678.136 674.158 Audltor¥' remuneration . consolidated 2025 2024 Fees payable lo the Companls auditor for the audit of the Company's annual acwunls 22,490 27,532 Fees payable lo the Companls auditor in r&spect of.. All non-audit sarvieès not includÈd above 7.160 1.500 Page 28
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantèè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 staff costs Group 2025 Group 2024 Company 2025 Company 2024 Wages and salaries Social security ¢¢>sls Contribution lo defined conlribullon pension schemes 1,848,386 184.749 1,813,595 159,326 429,246 37,807 425,467 48,225 46.261 49,633 23,583 28,547 2,079,396 2,022,554 490,636 502,239 Th8 average number of persons employed by the Company during the year was as follows.. Group 202S No. Group 2024 No. Company 2025 No. Company 2024 No. Manaoemenl and adminislralion Campsite Staff 21 23 13 15 46 49 67 12 15 The number of employees whose erllployee benefits {excluding employer pension costs) exceeded £60,000 was.. Group 2025 No. Group 2024 No. In the band £60,001- £70.000 In the band £70,001 - £80,000 In the band £80,001 - £90,000 Durino the year key management re¢elved remuneration {including employer pension costs) of £311,480 12024.. £278,482). P8gè 29
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limSted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 12. Trustees. remuneratlon and expenses During the year, no Trustees received any remuneration QT other benefits (2024- £NIL). During the year ended 31 October 2025, expenses totalling £95 We reimbursed or paid directly to 1 Trustee12024.' £NIL lo Irusle&sl. The charity has purchasgd insu¥ance fur tho Iwslees and officers of the charity again81 liability Jrising for wrongful acts in relation to thè charity. The cost of this insurance amounls lo £3,46412024.. £3.4641. Remuneratlon Is paid to Mrs JL Dooley who is the wife of Mr DJ Dooley. a member of kèy man8gemenl personnel. This lolalled £19,54412024.' £18,748). 13. Intangible assets Group CompLrtèr software Cost Al 1 November 2024 Additions 9,996 4,000 At 31 October 2025 13,996 Amortlsatlon Al 1 November 2024 Charge for the year 2,332 2,467 At 31 October 2025 4,799 Net book value At 31 October 2025 9.197 Al 31 October 2024 7,664 Page 30
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THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 15. Investment property Group Leasehold Investmènt property Valuation Al 1 November 2024 964,881 185,9651 Loss on revaluation At 31 October 2025 878,916 Company Leasehold investment property Valuation At 1 November 2024 Loss on revaluallon 964,881 185,9651 At 31 October 2025 878,916 The year end valuations were made by New Park Consultancy Ltd on an open market value for existing use basis. Page 33
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Fixed asset investments Invèstments subsidiary companies Company Cost or valuation Al 1 November 2024 100 At 31 October 2025 100 Net book value Al 31 October 2025 100 Al 31 October 2024 f 00 Page 34
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company Ilmlted by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Principal subsidiaries The following We subsidiary undertakings of the Company.. Names Company Registered office or principal Class of Holding numbèr placè of buslnass shares New Park Events Limited 05083451 The Showground, New Park, Brockenhurst, Hampshire, S042 7QH 14159381 The Show Office. New Park Farm. LyndhLJrst Road, Brockenhursl, England, S042 7QH Ordinary 100/0 Camping In The New Forest Ltd Ordinary 100° The financial results of the subsidiaries for the year were.. Names Income Expenditure ProfitllLossl I Surplusl IDeficitl for the year Net assets New Park Evtsnts Limlled Camping In The New Forest Ltd 511,503 4,685,030 389,738 3,861,754 121,765 823.276 161.208 956,943 17. Stocks Group 2025 Group 2024 Company 2025 Company 2024 Stock 25,339 13,118 2,577 2.217 Page 35
THE NEW FOREST AGRICULTURAL SHOW SOCIETY {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 18. Debtors Group 2025 Group 2024 Company 2025 Company 2024 Due within one year Trade debtors 9,392 31,643 356 g,940 233,287 4,464 43,338 Amounts owed by group undertakings Other debtors Prepaymenls and accrued income 100.581 4,464 200,299 216.084 49,265 225.476 236.406 150,202 291.029 19. Creditors.. Amounts falling due within one year Group 2025 Group 2024 Company 2025 Company 2024 Bank loans Trade creditors Amounts owed lo group undertakings Other taxation and social security Other ¢redilors Accruals and deferred income 126,000 Y44,767 80,000 16,479 461,453 24,769 27,430 30,579 11,308 178,783 175,650 18,822 539,426 224,935 4,030 737,836 9,851 109,592 1,195,351 1,237,568 272,869 215,922 20. Creditors: Amounts falling due after more than one year Grtsp 2025 Group 2024 Company 2025 Company 2024 Bank loans 116,667 40,000 In the prior year a debenture deed was in place as security for the loan. During the year a Cornmercial decision was mad& after th6 year 8nd lo fulSy repay th& Coronavirus Business Inleriuplion Loan. Thls loan was repald In February 2025. Page 36
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 21. Statement of funds statement of funds - current year Balance at 1 November 2024 Balance at 31 October 2025 Income Expenditure Unrestricted funds General Funds 2,661.977 7.343,926 16,470.3471 3,535,556 Restricted funds Mill Building Fund Sam and Florence Bailey Bursary Fund Education Fund 60,000 14,371 10,449 60,000 15,448 10,449 1.077 84,820 1,077 85.897 Total of funds 2,746.797 7,345,003 16,470,347) 3,621,453 Mill Building Fund A SEEDA grant received as a contribution towards the renovation of the Mill Building, which has boen capilalised as an investment property asset. The Sam and Florence Bailey Bursary The Sam and Florence Bailey Bursary fund was set up in mamory of Samantha and FIoTence Bailey Mqth the aim of supporting young p&opl6 In agricultural educ81ion. The monies received will be used lo fund students allending agricultural college or short courses with the airn of enabling Ihem lo begin or benefit a career in agriculture. Edu¢atlon fund Donations were received as a conlibulion towards education projects. Pago 37
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 21. Statement of funds Icontinuedl statement of funds - prior year Balance 81 l November 2023 Balance al Gain* 31 Oclober (Losses) 2024 Income Expendilure Unrestricted funds General Funds 2.185,113 6,634,374 (6, 190, 754) 33.244 2.661,977 Balance al l Novembei 2023 Balance al 31 Oclobei 2024 Gains/ (Lossesj Income Exp$nditure Restricted funds Mill Building Fund Satm and Florence Bailey Bursary Fund Education Fund 60,000 60,000 34,373 10,449 (2) 14,371 10.449 84.822 84,820 Total of funds 2,269,935 6,634,374 (6, 190,756) 33,244 2,746,797 22. Summary of funds Summary of funds- Current year Balance at 1 November 2024 Balance al 31 October 2025 Income Expènditur• General funds 2,661,977 84,820 7.343,926 16.470,3471 3,535,556 1,077 85,897 Restricted funds 2,746,797 7,34S,003 {6,470,3471 3,621,453 Pagé 38
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company Ilmltèd by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 22. Summary offunds Icontinuedl Summary offunds- prior yaar 5alance al 1 November 2023 Balance al Gains/ 31 Oclob6r fLossesJ 2024 Income Expenditure General funds Reslricled funds 2, 185, 113 84,822 6,634,374 [6, 190. 754) 33,244 2,661,977 84.820 2,26g,935 6.634.374 {6, 190,756) 33,244 2,746,797 23. Analysis of net assets bètween funds Analysis of net assets between funds - currant yèar Rèstricted Unrestricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Intangible fixed assets Investment property Current assets Creditors due within one year 826,279 826,279 9,197 9.197 818,916 878.916 3.087.295 3,113,192 11,206,1311 11,206,131) 6C>,000 25,897 Total 85.897 3.535.556 3,621,453 Page 3g
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company Ilmlled by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 23. Analysis of net assets betwèèn funds {continuedl Analysis of net assets between funds - prior year Restricted Unrestricted funds funds 2024 2024 Tolal funds 2024 Tangible fixed assets Intsngible fixed assets Investment property Current assets 625,432 625,432 7,664 7,664 904,881 964,88Y 2.418,235 2,503,055 (1,237,568) (1,237,568) (116,667) (7 16,667) 60,000 24,820 Creditors due within one year Creditors due in more than one year Total 84,820 2.661,977 2,746, 797 24. ReconGillatlon of net movement in funds to net cash flow from operating actlvlties Group 2025 Group 2024 Nel income for the year las per Slatem¢nt of Financial Activiliesl 874.656 476,862 Adjustments for.. Depreciation charges Amortisalion charges (Gainsylosses on investments Dividends, interests and renls from investments Loss on the sale of fixed assets De¢reasellincreasel in stocks Decreasellincreasal in debtors Increase in credllors 133,555 90,332 2,467 1,532 85,965 (33,244) (182,2541 (145.060) 1,052 1,013 112,2211 2,410 10,930 (81.814) 83,738 173. 750 Nèt cash provided by operating activitios 997.888 479, 781 Page 40
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 25. Analysis of cash and cash equivalents Group 2025 Group 2024 Cash in hand 2,851,597 2,253,531 Total cash and cash equivalents 2,851,597 2.253,531 26. Analysis of changes in net debt At1 November 2024 Cash flows At31 October 2025 Cash al bank and in hand Debt due within 1 year Debt due after 1 year 2,253,531 1126.0001 1116.6671 598,066 126,000 116,667 2.851.597 2,010,864 840,733 2.851,597 27. Contingent Ilabllltl8S The charitable company has a commitment under ils lease with the Forestry Commission lo maintain the buildings on the New Park site. 28. Ponslon commitments The group operates a defined contribution pension scheme. The assets of the scherne are held separately from those of the group in an independently adrninistered fund. The pension cost charge represents contributions payable by the group lo the fund and amountèd to £46,261 12024.. £49,633). At the period end there were contributions payable lo the fund and included in credilois of £10,93512024'. £4,030). Page 41
THE NEW FOREST AGRICULTURAL SHOW SOCIETY IA company Ilmlted by guarantèè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 29. Operating lease commitments Lessee At 31 Odober 2025 the Group and the Company had commitments lo make future minimum lease payments under non-cancellable operating leases as follows.. Group 2025 Group 2024 Company 2025 Company 2024 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 486,893 1,916,033 3.500,854 461,355 1,883, 186 3,930,672 116,800 467,200 2.705,866 116,800 467,200 2,822,666 5,903.780 6.275,213 3.289,866 3,406,666 Lessor The operating lease5 represent leases of properties lo third parties. The leases are negolialed over various lerrns and after the initial lease term. the residential properties move onto a rolling lease. At 31 October 2025 the Group and the Company had contracted with tenants for the following minimutn lease payments.. Group 2025 Group 2024 Company 2025 Company 2024 Not later than 1 year Later than 1 year and not later than 5 years 78,400 70,000 63,935 79,333 78,400 70,000 63.935 [9.333 148,dOO 143,268 148,400 143,268 30. Related party transactlons During the year the corllpany purchased services of £700 12024-. £2,768) from New Park Consultancy Ltd, of which O Cook is a director. During the year the ¢on)pany purchased services of £117 12024.. £Nill frorll New Forest Business Partnership Community Interest Company. of which M Lawson is a Director. Page 42
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Issuer Shaw Gibbs Document generated Mon, 11th May 2026 16:03:08 BST
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Document processed
Party + Fingerprint
Mon, 11th May 2026 16:47:12 BST Mark Dickinson - Signer (7013ed54fc5d6c328502902fa0dc27a1) Audit history log Date Action Mon, 11th May 2026 16:03:09 BST Envelope generated by Macy Ross (62.232.24.62) Mon, 11th May 2026 16:03:09 BST Document generated with fingerprint 86dbbf4fcc9e3faf5c6b5138a40ef5ba (62.232.24.62) Mon, 11th May 2026 16:03:09 BST Document generated with fingerprint 4a33e0a99dc76f50539f12706d627455 (62.232.24.62) Mon, 11th May 2026 16:03:09 BST Document generated with fingerprint 378a4bc023822834a10c9d9399b9b9df (62.232.24.62) Mon, 11th May 2026 16:09:09 BST Sent the envelope to Mark Dickinson (mark.dickinson@shawgibbs.com) for signing (62.232.24.62) Mon, 11th May 2026 16:09:09 BST Document emailed to mark.dickinson@shawgibbs.com Mon, 11th May 2026 16:46:39 BST Mark Dickinson viewed the envelope (62.232.24.62) Mon, 11th May 2026 16:47:12 BST Mark Dickinson signed the envelope (62.232.24.62) Mon, 11th May 2026 16:47:12 BST This envelope has been signed by all parties (62.232.24.62) Mon, 11th May 2026 16:47:12 BST Signed document confirmation emailed to mark.dickinson@shawgibbs.com (62.232.24.62) Mon, 11th May 2026 16:47:12 BST Signed document confirmation emails have been sent to all parties. Document URL:
https://api.signable.app/shareable/envelope?t=693fd9b7-34b2-47a3-9d17-9 b5d2734863a (62.232.24.62)