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 detai￿d 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 soUr￿S 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 reSoUr￿S 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 reqU1￿MentS 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 pr￿edureS 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
Un￿strIcted 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 reS￿nsIbIlitieS 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 meaSU￿d 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 approp￿al8 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 un￿StriCted
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

) o o
(o OJ
£w
0<0

Q < L)

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
Grts￿p
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

## **Issuer** 

**Issuer** Shaw Gibbs **Document generated** Mon, 11th May 2026 16:03:08 BST 

**Document fingerprint** 86dbbf4fcc9e3faf5c6b5138a40ef5ba 

## **Parties involved with this document** 

## **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: 

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