ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS TRUSTEES, REPORT & FINANCIAL STATEMENTS 31 DECEMBER 2024 Company registration Number 02758883 Charity Number 1023932
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS FINANCIAL STATEMEKrs YEAR ENDED 31 DECEMBER2024 Contents Pages Reference & Administrative Information Chairman's Retx)rt Trustees, Annual Rewrt Independent Examinerfs Report Statement of Financial Adivities Balance Sheet Notes to the Financial Statements 9-16
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2024 Patron HRH The Duchess of EdinlJJrgh GCVO Trustees Mr D Tite (Appointed 14 May 2024) Mr D Dooley (Chair) Mrs S Mackenzie-Green (ResMJned 14 May 2024) Mr C Riddle (Resigned 14 May 2024) Mrs A Baylis Mrs C Knipe Mrs M R Jones Mr D Tennant Mrs C Ince Mr R Heath Mrs S Moreland Mrs L Moore (Apwinted 14 May 2024) Mr M Stoddart (Appointed 14 May 2024) Secretary Mr P J Hooper. OBE JP Company r9gistered number 02758883 Charity registration numbor 1023932 Registered office Cper House Lower Charfton Estste Shepton Mallet Somerset BA4 5QE Indepondent Examiner Joshua Kingston Bsc {Hons) ACA Burton Sweet Limited The Clock Tower 5 Farieigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR Bankèrs Lloyds Bank PLC 24-26 High Street Wells Somerset BA5 2SJ
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS CHAIRMAN'S REPORT YEAR ENDED 31 DECEMBER 2024 The Associatton of Shows 2nd Agricullural Ckganisati(ms (ASAO) is an or9anisation that provides invaluable support to numerous agTicuttural charities and other likeminded organisations in the agricultural show sector across the UK. In this first year of second century we have worked through a new business plan outlined at th8 AGM in May taking the ASAO forward - to keep the association abreast in a changing wodd and economy in which we operate. The dedicated Council and staff support our m8mb8rs acting as a stakeholder at many national and collaborative discussions. Together, we offer guidance, advice, and influence national reguk2twJns to ensure they alongside our members. During the past year the Association has enjoyed great success with a strong membership base. Our monthly catch-ups remain popular. and our Influen at the national levd continues to grow. We now slt on several decision-making committees to ensure new regulations align wtth our members, needs and introduced at the right time. The annual Conferen saw record attendance. with the new format being well-received. By organisiry the conference in-house, we have streamlined the process and created a consistency between annual events. The fulure of Agricultural Shvs is not guaranteed,. we must woTk diligently to build successful events each year. By collaLKJrating. sharing ideas, and supporting one another. wo can continue to thrive. This spiril of collaboration is the wrnerslone of ASAO - Brir¥Jing people logether and working as a family of Shows is one of the ASAO'S fortes. In parhcular there continues to be the threats from various diseases Blue Tongue and Avian Flu - to our events at very short notice and as with so many aspects of our operations our recognition natKJnally by Government departments and other organisations as the incidents and issuès arise continu9S to be an essential role of the Association. The Association has been fortunate to have two exceptnal indmduals supporting the organisation and our members. Pam Clements. who jiined ASAO in June, has been a breath of fresh air with her calm and meticulous approach. Paul Hooper OBE, now in 30th year, awaYS available with his wealth of knowledge. Paul Hooper OBE will be retiring at the turn of the year. With a strong business plan in place, we will ensure the CEO once re¢wited will have the tIK)Is needed to succeed. At the AGM held on zoom in May we said thank you to the two retirlng Councll Members Chris Riddle IRoyal Cornwall] and Sam Mackenzie-Green tyeovil Agricultural Society] and to Tim Ledbury who with his team had undertaken the role of Interim Membership Secretary vthilst the review and preparation of our business plan was undertaken and the subsequent recruitment of Pam aements to fill the role. We also welcomed David Tennant [Royal Highlandl, Lisa Moore IDevon Countyl, David Tite [Driffield now Yorkshire] and Mark Stoddart IRoyal Cornwall] to the Council. The Association is in a gcxyj pla to support the Sect in the ever-changing environment we operale in to continue to promote, educate and entertain the Great British Public that attend our shows to see the wonderful competitive entries and exhibits we have at our shows. DJ Dooley Chairman
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The Trustees present their reporl and ac(x)unts for the year ended 31 December 2024. The financial statem6nts have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and tr)mply with the As)Ciati.S goveming document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)-. Objectlves and a¢tivitiO8 The charitable objective and principa5 activity of the Association is to foster Coaoperation and discussion in the pursuil of matters of common interest among Show and Agricuftural Organisations for the betterment of Agriculture, its kindred industries and seNices. Public Benefft The trustees confim) that they have referred to the guidan contained in the Charity Commission's general guidance on public benefit when reviewing the charitys aims and objectives and in planning future activities. Achievement8 and Perfonnanco Please see the Chairman's Report for the a¢hiev8m8nts aThJ perf0mnCe for the year to December 2024. Flnanclal Revlew Total income of £119,345 was rec6Fvad during the y8ar, (2023: £83,587). an increase of £35.758. After expenses of £90,88612023: £78,981), arKI an unrealised gain on investments of £2,568 (2023: gain of £8.667), the Association made a surplus for the peri(Kl of £31,027 (2023: £13.273 surplus). This is an increase of £17,754 when compared to 2023. Fund balances at the per end amounted to £144.740 (2023: £113.713) of which £nil was designaled (2023: £nil). Reserves Pollcy The r8s6rves of the charity are those that are fre8ly available to be spent in pursuing the charity's objectives. The free reserves (unrestricted, uncommitt1 funds) at the yearond were £144.740 (2023: £113,713). The trustees consider it necessary for the chanty to hold reserves to protect against fluctuations in income and expenditure. At present unrestricted reserves represent approximately 19 months expected recurring unrestricted expendtlure {2023'. 17 months). The target range of unrestricted reserves of the charity is 24-30 months. Currently the level of reservas as at the year end is below the policy which has been mainly due to the impaGt of COVID and the need of discounting membership fees by 50Yo. Over the next financial year. the Trustees hope to increase the membership fees back to their original level which will help to rebuikj the level of reserves in line wth th8 FK)Iicy. The asswiation has limited resources, which have en retained and buitt up over the years. The Associalion feels that the amount is required for easy access and needs to be secure for the following reasons: Any projected loss in the year,. A Provision in the event of another"Pandemic" 'foot and moulh" year {or similar)., Website - upjate and review needs to be more regular than the current 5 year revlew. PR spend was to be reviewed regularly and that this should indude the Secretarfs involvement th Breed Societies and Govemment bcKlies. The savings and other accounts used for the retentmm of the money is p8rK)dically r8Vi8W8d. Currently these are held in a COIF Charities Inveslment Fund.
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Structure, governance, and management Constitution The Association is a charitable company limited by guarantee incorporated on the 26 October 1992 and registered as a charity on 20 Juty 1993. The guarantors are the members to the extent of £1 each. The goveming dUMentS of the charity are the memorandum 2nd articles of association (as amended 1 November 2017 and review by Covid in December 2021). The Council as part of the business plan review is curr8ntly revieing the MemorarKlum and Artides of Association and this should be complete in 2024. The Iruste8s, who are also the directors for the purtM)se of company law, and who served during the year and up to the date of signature were: Mr D Tite (Appointed 14 May 2024) Mr D Dooley (Chair) Mrs S Mackenae-Green {Resigned 14 May 2024) Mr C Riddle (Resign&J 14 May 2024) Mrs A Baylis Mrs C Knipe Mrs M R Jones Mr D Tennanl Mrscln Mr R Heath Mrs S Moreland Mrs L mre (Appointed 14 May 2024) Mr M St¢xldart {Apwinted 14 May 2024) Organlsatlon Only registered charities are eligible to bene full members. The trustees (elected members of Council} are repres8niative individuals of the members and are elected by the members from amongst themselves. Associate members are those that are not register&J tharities. These associate members have no liability and representative individuals are not eligible to become trustees of the charity. Rlsk Management The trustees hav6 taken steps to identify the major strategic and operational risk5 which the charity faces. Systems have beer) established to enable regular monitoring of those risks so that their impact can be Fessened.
Statgment of Tru8te88 R88pon81bllltl88 The trustees (who are also directors of Association of Show and Agricultural Organisations for the purposes of company law) are responsib16 for preparing the Truslees. Report (incorporatin9 the strategic report and directors, report) and th8 financial siatements in accordance with applicable law and United Kingdom Accounting Standards. induding Financial Reporting Standard 102= The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice). Company law requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charitabte company and of the income and expenditure, of the charitable company for that perK)d. In preparing thèsè financhal statèments, the trustees are required to: select suitable accounting policies and then apply them consistenty., observe the methods and principles in the Charities SORP: make judgments and accountiTr3 estimates that are reasonable and prudent: state whether ap lcable UK Accounting Standards have been followed, subject to any malerial departures disdosed and explained in the finanaal statements: a1 prepare the financial statements on the wng concem basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are reswnsitde for keeping ad8quate accountin9 recd$ that disclose wtth reasonable accuracy at any time the financial position of the charitable company and enab18 them to ensure that the financial statements comply vath the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company and hence for taking reasonable steps for the preventron and detection of fraLKI and other Irregularities. In so far as the trustees are avre.. there is rKJ relevant audit infomiation of which the charitable companWs audttors a unaware: and the trustees have tsken all steps Ihat they 0ht to make ItEmselves aware of that information. Appreclatlon The Association wishes to express thanks to many outside ixjdies and our colleagues who have all freely given thèir time and axpertise to ensure that furtrance of tha Association. "] ?[ and sign8d ¢Th their The Truste8's Report was approved by the Board of Trust88s on .. . behalf by: Ince (Vlce Chaimian) Trusteo Mr D Dooley (Chair) Trusts•
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS INDEPENDEr EXAMINER'S REPORT TO THE TRUSTEES OF ASSOCIATION OF SHOWAND AGRICULTURAL ORGANISATIONS YEAR ENDED 31 DECEMBER 2024 Independent examinerfs report to the trustees of Association of Show and Agricultural Organisations ('th8 Company,) I report to the charity trustees on my examinath)n of t1 accijunts of the Company for the year ended 31 December 2024. Responsibllities and basis of report As the charFty's trustees of the Company also its directors for the purposes of company law) you are respollsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act.). Having satisfied mysetf that the accounts (rf the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinatK)n, I retK)rt in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5) (b) of the 2011 Atx. Indépendent examln8Vs SLeMent I have completed my examination. I confirm that no matters have com& to my attention in nnectIon with the examination giving me cause to believe= accounling records Vre nol kept in res1 of the Company as required by sec150n 386 of the 2006 Act: or the accounts do mt accord wth those records; c the accounts do not comply wtlh tha accounting requirements of section 396 of the 2006 Act other than any requirement thal Ihe accounts give a 't and fair view which bs not a matter considered as part of an independent examination", or the accounts have not been prepared in accdanCe with the methods and principles of the Statement of Re(x)mmended Practice for accounting and rewrting by charilies applicable lo charilies preparing their accounts in accordance with the Financial Reporting Standard apICable In the UK and Republ of Irdand (FRS 102). I have no conc8ms and have come across no other matters in cX)nneCti( with the examinalion to which attention should be drawn in this rewrt in order to enable a proper understanding of the accounts to be reached. Jos Kingston Bsc Bu on Sweet Limited Th8 Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR Date: If
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS .STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2024 Total Funds 2024 Total Funds 2023 Income from: Donations and legacies Charitable activities (r tradiro activities Investments 3.993 109.547 2,500 3,305 1,300 76,933 2,215 3,139 Totsl inGome 119,345 83,587 Expendlture on: Charitable tiVitIeS 90,886 78,981 T¢)tsl expendlture 90,886 78,981 Net gain(lOSses} on investments 10 2.568 8,667 Not incornel{exponditure) and net movement In funds 31,027 13.273 Totsl funds at start of year 14 113.713 100.440 Total funds at end of y•ar 14 144.740 113,713 The Charity has rn recognised gains or losses 0r than the results for th8 yaar as set out above. All of the actNities of the charity are SSed as o)ntlliuiry. All th8 financiai actiwtses of t1 charity li th8 rrent a1 prior year is within unrestricted funds. The notes on pages 9 to 16 form part of these flnandal statements
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS BALANCE SHEET AS AT 31 DECEMBER 2024 Company number: 02758883 2024 2023 Flxed assets Investments 10 105.555 102,987 Current assets Debtors Cash at bank a1 in harKI 11 83.120 32,258 2,011 13.360 115,378 15,371 Uabilities Creditors .' amounts f811ing due wlthln one year 12 (76.1931 {4,6451 Net current assets 39.185 10,726 Total assets less current Ilabllltles 144.740 113,713 Totsl Assets 144.740 113.713 Funds Unrestricted funds General furKIs Designated funds 15 15 144,740 113,713 Totsl funds 144.740 113,713 For th6 year endiro 31 December 2024 the company as entitkd to exempti)n from audit uTrJer section 477 of ttr Companies Act 2006 relating to small compani6s. Trustees resF#)nsibilities: • The members have not required It* company to obtain an a111 aC)rdar with section 476 01 the Companies Act 2006. ' The directors ackrw)wledge thelr responsbllitS for CpirS vmh the rUIrements of the Act wllh respect to accounting records and preparation of accounts. These accounts have been prepared in accorda Imth the prov appluble to rnmpanles subject to th8 smal companies regime. These financial statements were approved by ts Trustees . and are ned on their behalf by.. Mr D Dooley Chair of Council Mrsclr Vw Chairman The nol8s on pages 9 to 16 fomi part of these financlal ststements
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 1 Accountlng pollcles Accounting conventlon The financial statements have been prepared in accordance with the Statement of Re(x)mmerKled Pradi¢e'. AuntIng and Reporting by Charities preparing their awjunts in accordance with the Find181 ReFK)rtifYJ Standard applicable in Ihe UK and Republic of Ireland IFRS 102) 5&8wI in October 2019 and the Fina91 Reportiw Standard applicable in the United Kir@dom and Republic of Ireland (FRS 102) and the Companies AGt 2006 and UK Generally Accepted PractiGe as it applies from I January 2019. The charity is a public enw as defined uler FRS102. Going concern In the context of th8 current ecoTh)mic climate. ts trtee8 have reliev1 likety fu[8 developmenis arKJ remain of the opinion that there are no material ertaInlieS affecting ts ability of the charfty to contirnje as a going concem. The trustees have made this assessment whilst corL8iderirvJ the chartvs finalla resources. trjjlgets and forecasts and a period of al18ast 12 months from date of approval of these accounts. Incomo Irffle from donalijns is inclLKled in income when tlwe are receivabk. except as folh)ws: l. When donors SprfY that dOrlOnS givèn to tho charity must be used in future accounliNJ periods, Ihe inccrne is deferred until those periods,. 11. When donoTr impose ccTrIirG vthich have to be fulfled bth the tharity becomes èntrtlad to use such income, the income is deferred unlil the prerfondi1nS have been meL Donation5 in kind comprise donated services where tP* costs are Measurab s6rvices would othernise have to be paKI for lo mairtain operational effectiveness. Income is reC0gnrd when AsSoC]gn is legally enttued to it after any performanGe C(111)nS have been met. lh9 amounts can be measured reliably, aThl Ét is probable that irThme will be Ie1ved. Investmént income ts IILKIed a r1vab basis. Expèndlturn Expenditure is reo)gnised in the pericKI in wthh it is ired. EX11{ure indL•Je5 attri)ulable VAT wFlch cannot be re¢overed. Governance costs Govem8nce costs incknle those costs associated with meetirvJ the CorlI1al and ststLrtory requirements of the charity and include the IlePeent examinatK>n fees atyl costs linked to strategic govemance of the charity. Governance costs are induded within Charitab activities costs.
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 1 kcounting policies (continued) Raising funds Ralslng funds expendrtL¢re, when pSent, include tIN)se costs incurreAI in seeking voluntary Contributic$. costs of goods sold and other costs which indude the costs of nn¥ and participatiro in fUThJraisVj events. Flxed asset Investments Investments are incluled at market value at 31 December. Tr SOFA ¥idLMJes the t gaiis a1 losses arising on revaluation5 and dispcssals during year. Debtors Trade debtors are amounts due from ujstomers for seNices rf0M)ed in th8 ordinary course of buslness. Trade debtors are recognised initially at the trar6action pr. Cash and cash equiydlents Cash and cash equivalents comprrse cash on ha1, deposits trEkl at call with banks. olher short-lerm liquid investments with original maturtties of three months or less. a1 bank overdrafts. Bank overdrafts are sh)wn wf(hin Ixjmwwigs in current Crodltors Creditors are obligations to pay for gocxjs or sefvKes ttst have been acqure in the ordinary thurse of business from suppliers. Accounts payable ar8 Classif as current liabilrties rf company does not have an uncorKlilional right, at the end of the reporting period, to defer settlefflent of the creditor for at Seast twelve months after the reporting dale. If there is an unCondrt0nal right to defer settlement for at l&ast months after the fetmyting date, they are presented as nonvcurrenl liabltieS. Credbtors are reci>Jnised Initial at the traTr8actk)n k)rre. Fund accountlng Unrestricted funds can be used in a(tordarTh with ts charilablg objects at Ihe dire1K)n of th8 trustees. Restrided fuThJs can onty be used for partiwlar testricted purrx)ses within the obj'ects of charity. Restiictions ari* when specified by the doTr)r or when fuNJs are raised for particular restricted purFose& Designated funds fotm part of unrestricted futvjs and have been identifd as being for parkncular purposes by the Trustees. They are not restncted and can be transferred to general furKts at any time at the discretN)n of the Trustees. Further e>planatw)n of the nature a1 purtM)se of each fuThl is in Th)te 14 of the financial statements. 10
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 1 Accountlng poll¢les (¢ontinu8d) Employee beneffts The Lx)st of any unLed kAiday ent[trnent is recognised in period in the employee's Serv88 are rec8iv8d. Tem)ination benefits are recognised immediately as an eXPere when the A%sociatir)n demonstrabty committed to teminate the employment of an employee or provKle termination benefts. Crltl¢al accountlng estimates and judgements In the appIltiOn of the Associaknn's accountir¥J policies, the trL6tees are required to make judgements, estimates and assumptions about the caffwng amount of assets and liabilities that are not readli y apparent from other sources. The estimatss and associated assufflptions are ba*d on historical experience aThJ other factors that are consKlered to be relevant. Actual results may drffer frorn tFEse estimates. The estimates and undertwro assumptbjns are revievied on an 0Th30iry basis. ReV1)rts lo accolting eslimates are recognis&J in t period in whh the estimate is rewsed where revisKJn affects only that pkric(l. in the peri(Kl of the revision and future periods where revisi)n affects bjth current arKI future periods. 2 Income from: Donatlon$ and legacle8 Total Funds 2024 Total Funds 2023 Sponsorships aTrJ other o)ntribuUons 3,993 3,993 1.300 3 Income from: Charltsble aclmtles Tolal Funds 2024 Total FuTrJs 2023 Membership a1 swplier subscripti$ H&S PPL Leamiro day3 COnferere 57.551 39,919 1201 16.969 6,460 13,605 17,851 7.619 26,526 109.547 76,933 11
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 4 Incom? from: Other tradirffJ acti¥itses Total Funds 2024 Total Funds 2023 Year book sal8sladverts 2,215 2,500 2,215 5 Income from: Investments Total Funds 2024 Tolal Funds 2023 DivKlends 3.305 3,139 3.305 3,139 6 Expendlture on: Charitable a5VItIeS Total Funds 2024 Total Funds 2023 Staff costs {Note 8) Employee p6nsions (Note 8} Contract labour Learning days Conference expenses PPL e>penses Health and safety costs Subscriptions Accountancy Secretarial experEes Offe expenses Travel and accommodatic Insurance Website management Prlnting and handbook cosxs Legal and professional Marketing & advertisir Govemance costs {Independent examinevs fee) 30,477 522 7,028 5,006 1,275 20,590 1.890 18,707 367 10,180 5,605 3,189 16,742 1,800 480 2,100 5,772 2,961 3,666 1,963 1,914 115 1,932 2,689 6,868 2.149 1,642 3,OiJO 153 3,120 480 2.940 90,886 78,981 12
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 7 Net Incomel (èxpendltur•) for the year This is stated after charging: 2024 2023 tlendent eN2mineVs fees: - I[Klern1ent eyaminati( - Accounts Fyeparation 1.248 1,872 1.175 1.765 No (2023: One) Trustees have been reimbursed for their oui of pod(et travel expertses in 2024 (2023: £475). No Trustee received any remun8ration during the year (2023: £nil). Aggregate donattorts from Trteas. key mar£gem8ni per1, a1 0r related parties was £Nil12023'. £Nil}. 8 Staff Costs and numbers The aggregate payroll ¢osts were: 2024 2023 Wages & salariès PensKsn C0ntrbutr 30.477 522 18,707 367 30.999 19,074 No employe8 rec&ived em0ments of more Ihan £60.LX)O. The average eklY Nmber of empk)yees durirrj the spar was 2 (2023: 1). calculated on th& basis of average headcount. The total employment benefits received by key management personnel ir¢liKJing empbyer national irtsurae and employer pensK*n were £18,0 (2023: £16.255). 9 Taxation The chartiy is exempt from corporatK)n tax on its ctsritable activities. 13
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 10 Imffjstmonts Listed Inveglments Cost or valuation At 1 January 2024 Additions Valuations Chae$ 102,987 2,568 At 31 Dernber 2024 105,555 Carrying amount At 31 December 2024 105,555 At 31 Dember 2023 102,987 11 Debtors 2024 2023 Trade debtors Prepayments and aCCd irrne 79,211 3,909 1,777 234 83,120 2,011 12 Gredltors: amounts falllng due wlthln one year 2024 2023 Accruals arKI deferred income Social security and other taxes Ottr*r credito 75.021 976 3,447 1,022 176 76,193 4,645 13 Deferred Income 2024 2023 Balance blf 1 January Rel8as8d during Ihe year Deferred during the year 68,511 Balance cjf 31 December 68,511 14
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 14 Movement In funds For the year ended 31 Decembor 2024 At1Jan 2024 Revaluatlons. gains & Losses At 31 Dec 2024 Income Expendltwe Transfers Unrestrlcted funds General furKIs 113.713 119.345 (90.886) 2,568 144,740 Tolal funds 113,713 119,345 ,886 2,568 144,740 Designated funds The 2023 centenary Fund - FuThds set aside towards the 2023 Centenary. For the year ended 31 December 2023 At1Jan 2023 lrtome Expondlture Transfers ReVaI110ng. gains & Losses At 31 Doc 2023 Deslgnated fuMI$ 2023 Centenary fuTrJ (4,000) 4.000 (4,000 General funds 96,440 83,587 (74.981) 8,667 113,713 Tolal funds 100,440 83.587 78,981 8,667 113,713 15 Analysis of not assets between funds A8 at 31 Decomber 2024 Unrestricted Doslgnatsd General Funds Funds Total Fixed asset investments ottr*r net assats 105,555 39,185 105,555 39,185 144,740 144,740 15
ASSOCIATION OF SHOW AND AGRICULTURAL ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 15 Analysls of nel assets between funds (conthiuedl A8 at 31 December 2023 Unrestrlcted Deslgnated General Funds Funds Total Flxed asset inv8Stments other net assèts 102.987 10,726 102,987 10,726 113,713 113,713 16 Related party transactions There are no trarsaCtnS with trustees ly other related parties other than tlTh)se disck)sed as required by the SORP elsewhere li the fina1 statemerts. 16