c￿lIty r•gi•tr•lon numb•r 1024609 Cxts a￿ approxmal* £19),(th. In Ihe finanoal stalements. al it￿$ are ind￿d urthr 7jn￿trthd ReseNes' as tw are not s￿￿¢t to restri(*or under law. Rl8k M4n8g•m•nt The trustees have as5ess•d th# majw n5k5 to wlith ￿ thaiity 15 •ypos•d. aryj ar• 5atLsfnd Ihat systems are in p￿ce to m￿"gate 0xposu￿ to the major ￿ks. HENLEY AND DISTRICT AGRICULTURAL ASSOCIATION UMITED TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) ICONnNUEDI FOR THE YEAR ENDED 31 DECEIW8ER 2025 structufei govefnance and rnanagemvnt The chanty 15 a conwry by guaraniee th CL¥rpany nLNrtw 2837831. ￿ ￿>anY was e$ta￿lSh8d under a Memr3TrJLwn and Artid85 oIAsscKiaton dat•J 12 J￿Y 1993. The chartabl• torwny ks rngist•r•d as a ch*ty wilh th8 Chairty C¢rni55iDn aTrJ ha5 te8n asstqn*J lh• numb8r 1024609. Trustees The trusiw. th arg atso the dirgLlor¥ forfv wrtxxe law. arnl who during thg year and up to the date of 51gnature of Ihe 5tatwnents *er8'. Mr C P Fair*Ealher Lord Philling Ms J E Spoowi MrPJFWet Mr S J Warby R•¢ruibn•nt •nd •ppoinlm•nt of tr￿{ EIKJikn"lity for membership ofihe chty, •N1 mert4rshy ofthè Bowd clTNstaaS. by the Memorandwn Thy Artths ofAsso(¥borL The Truslees we appoinbJ at the thor￿$ Annual Genernl Meeb"tYJ ffjtire fw oiftt al lh6 third AGM f01b￿1n9 the AGM at whith they were elecknl. Amy casLpI v￿cY year is Id￿j ty the co-opbon of 8 ter80n on the board. that Fef50n is then dLly eknled at Ihe SUbseqL￿nI Annual General Meeting. At the AGM, one Ihwd retire but are eknJit4e for re¥wrrtm8nt C PTfiiwgath8 CPF•¥vJvd¥xrlFqbZS: ZDZS I*C621 ¢ Mr C P F￿￿ather Trust•• HENLEY AND DISTRICT AGRICULTURAL ASSOCIATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HENLEY AND DISTRICT AGRICULTURAL ASSOCIATION LIMITED I rewrt to the Tru$te¢$ on ry ew#natr)n of the financial statewts of Henky and OistrKt Agr￿u￿yral Associalion timrted (the tharityl kn the year ended 31 December 2025 are set out p￿e$ 4 to 13. RMpe¢tive Re•ponsibililie¥ of *nd Ewniner As the Chantys Trustees land also rts th"rectors for Ihe purFoses of conN)any lawl yw are ￿SpOns￿le for the preparalion of the finanaal statements in aC£Ordan￿ with the requKements of Ihe Companies Acl 20(6', you c(bn$iderthat Ihe auilit requrement of 5144121 of the Charbties Act 2011 Ithe 2011 Act) doe5 not apply 8nd that an independent ex8min8tion is f*(Jed. it is my respon5ibilty to exarnine the ac￿)unt$ under sethin 145 of Il* 2011 Acland to state. on lh• ba￿S ofprocedur•s sp•afied li thèG8n8rn1 ￿red￿mS gfftn by the Charity Commi8ston8rs under $145(5llbl of the 2011 A¢ t•thether parf*xlar Mat￿ Con￿ to my attent￿. Ba8ls of Indwndent Examlnern Report My examination was carried ￿aThce wrth the General Direct"ons gNen by the Chty Commission. An examination incKKles a revith¥ ol the ffiTranu￿ records kepl by the Charty and a COMp￿s0n of the financKal ststèmènts presènted with thosè rèrxjrds. It also incajdes Ix)￿￿1èr81Kjn of 8ny unusual items or dtsdosurès in the finanfial Statem￿ts, and th• sèekiny of •xplanab"ons from as Trustèes cMcamw)g any such mattèrs. Th¢ procedures undertaken ¢$) not provide all the evhlence Ihat would te req￿￿ in an audit and, consequently, no opinion is given as to whether the f￿￿JaI slateff*nts a Inj• the rewrt 15 ￿mIted lo thosè mattèrs sèt c*rt w) statement bth. Ind•p•nd•nl Ex•mln•rf• Stat•rn• In o)nne¢tion wlh nry examinalth, no mats h8$ to nw •ttentA)n'. 111 which gives me reasonab￿ cause to believe that. in any material respect, the ￿quireMents. to keep accowting records in aC0)rdar￿ wilh s130 of the 2011 Aci., aThJ lo Prepa￿ finanLial statements whrh accord vitth the accounting reo)rds and to CoM￿Y with the accounting requlren*nts of Ihe 2011 A31 actr)￿1￿￿J pc4iaes aJcfJlèJ are set (￿rt 1.2 Charit•bh fvndi un￿$t￿￿ed funds are availat4e for ￿ at the thscrnlion cl the trustses ￿ lUrt￿raTr￿ of Iheir charilable ot4ecbve$. 1,3 kn¢omlng rg8ouru• Income is rec(yarMsed when Ihe ch•rty is fe9aTry enbu&J kn it aftw any p•leM￿n¢4 Corbj￿.0￿ have Lwn n the arnunts Can be ftWSU￿d ￿18￿. a￿1 rt 1$ rwrtJab* thai li¢0￿ wll be re￿Ne￿. Cash d¢ywticffls a￿ re￿￿¥¢￿ on re¢wrt OIIW ffj¢CgnI￿ charity ha6 been notif￿￿ of th8 th)nat￿n. unK8SS F￿￿m1&n￿ ¢xMKliti¢ys req￿re deferral of the amouTrl. I￿e tsx rewverable reL9tion lo donations received under &ft A#J or deeds of COv￿nt s re￿nised ai fv tirre of the donation. Legaaes are recc#3rMsed on receipt or otherwBe rf the tharity has been nOti￿d cl an irryendiTrg i*slribution. the arncunt knuwn. and re￿￿1 B expected. If the ￿Unt is not kno*n. the kga¢y i& trgaled as a xyttingent The charrty recewj a govammant grant in r85Fed of tlw CoronavinL5 Job Retent￿ Schem8. Incorn8 from govemment and other grnnls are WNLsed at fairvabA whBn the charity has enknnl. 1.4 Ro•our¢u •xp•nded Liabilitie5 are recogTh58d 85 exp8nditwe as swn as lth ￿ a I￿1 or c•rffjtrLthg cokgatiw ￿rnmrtknng the eharty to that expeTryitu￿. rt is probab￿ thal a transferof ecorth7￿ beneffts wim Èe required in seldement and the anKJunl of the rtJlwjat￿n t* ffO35ur8(I rdiably. EXF•￿￿￿re is xcounted for on an accruals basi5 and has been he•JirvJs that a99rega￿ *1 CO￿ relaletl to il* £*rwry. Whore eosts tannot b8 di￿¢t￿ attThbu*d to partKubr hthjngs ttw have teen allc¢ated to on a basi$ Conststent wth HENLEY AND DISTRICT AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEpEKfs {CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2025 A¢¢ountthg polkl•• ICMilnu•dl 1.6 Tangibh fix•d*tsots TaThJIb￿ fixed as58ts are m8asur•J al ¢))5t at g)st or y4uat￿, ret of dwwatrM and any impairnt l¢J5$8s. t*pr•ciat￿n is rncwis•d sts & to wiitè off tt* tosi orValual￿￿n ofa5sets kns resbjual Val￿ over their useful ￿Ve$ on the f(Altrwin9 bases". Flwt ar*J equyrenl Fixtures aThJ ffttsrgs Comput8rs on rwkn"wJ bal￿ 2￿ ¢)n reduong ba￿1% 15% on r•Jucing ba￿ The g*n or loss awng on dispwl ofan assot i% a5 the drfftrrer*• b•kn￿on tl* salo pffj¢••ds and the carryirvj value of asset and is recowLwJ in trE stateryEnt of financbal actWrt￿5. 1.8 Flx•il as••t Inwstm•nts Fixed as5el inve5fvn15 ar• irdtially measured al transaction 8Xd￿Jlng transaction costs and ar8 Subseq￿n￿y measured at fair vaK* at da*. Charw in fa¥ value are rewni5éd in n•1 I￿n￿leXpe￿I￿ureI lof the yw. Traw(*.￿ u)$ts are *¥F•ns•d &s Trwrr*d. 1.7 Stoets Stod¢s are slated atlhe bwof¢ost aThl estmated Se1￿￿9(¥￿e ￿$$ costs to c(*)V￿e aTh1 sell. C￿t¢(￿n￿se$ direct m8tsrials and. where a￿￿ab￿. dyect ¢mts and those ov¥treads that have been incvrred brmging the siod(s to th￿r Fyesent Ic￿tron and coThth"on. Itwns distri1￿"￿ ai no or nominal consider8¢pJn are f￿asured the h?￿r Gl rOacement raist aTrJ cost. DonatloTh8 and legacl Unr•strl¢t•d 202$ 2024 3,174 19.383 Subsw 17.717 21,025 22,557 HENLEY AND DISTRICT AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEPWS ICOPfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 charltablg aciivit*# T*] H¢nby Show PkJwJhing match Pres*Y8nts pa 122.394 8.219 2.695 225 122.394 8,219 1695 225 10 132.4&3 8.272 132.453 8.272 277 277 Qtl*r in¢on 10 133,533 10 133,543 I41.C￿2 141.007 Investments unl￿trIc￿d Unr•Jtri¢tsd funds hbnds 202S 2024 Irwne fr￿ in¥estrrYts Interest receNabl8 1,755 2.462 1,812 2,512 HENLEY AND DISTRICT AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEV￿rs {CONTINUED FOR THE YEAR ENDED 31 DECEM8ER 2025 Charitable activities Evonts Support Costs TrAal Evw Support Tolal 2025 202$ 2025 2024 2024 2024 He￿eY S Ploughing Match sheepd￿ Trkql Crop compelits)ns Prnsidenfs Poty Wages Surbjries Insufanc• 8c¥)kkeepw¥J fee5 Casual labwr Rent Rate5 aTrJ water Te￿phor Posta9e stst1o￿ry athy pnntirrfJ Qher C*3rifat48 eynditure 104.681 6.757 1LM.681 6,757 111.1 5,875 13 111.139 5,875 13 31 1650 31 2.650 34.￿3 34,803 557 2.247 2.136 1,764 3.131 34,803 557 2.247 2.136 1.764 3.131 576 2,296 751 614 2.272 1,748 3.1V2 552 2,411 1.160 822 614 2.272 1,748 3.162 2,411 1.160 751 1,526 114,119 49.538 163.657 117.(*1 1,753 167,814 sho￿ of suFyorlcssts note 61 Share of govemon¢ costs ls¢e Th)ts 61 1.631 1.767 1,767 2.160 2.1eo 114.119 53.469 167.588 117.f￿1 171,741 HENLEY AND DISTRICT AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMEpifs (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 6 Support C0818 Support Gov8rnan¢• Total 2025 2024 Depr8cial*)n of ￿aTrI aTr machinery Deprg¢ialw ol fuiur8S rrtb'r¥Js DeFY8ciatl￿ ol COThp￿r 8quiprnent Irbjependentexwnin￿5 I,C￿7 1.041 1.041 314 314 310 310 2.160 1180 1.631 3.931 1.767 2,160 3,927 An￿ysed betsveen Chanta￿e aCbvrt*s 1.631 3,931 1.767 2.160 3.¥27 GovernarKe costs irrludes payThnts to the irb*eryknexaminer5 01 £2.3(￿l2024- £2.1601 f independent exam1r￿lS fe85. Ncne ofthe Irustees Iw any comected th￿)1 I￿￿￿rat1)Th thg year12ffd4. ernploy• Th• averag8 monlhty numt*r of en¥4¢)yees thJrwJ year w". 2025 Nwhbtrr 2024 Nwnber Thw• **re r¥) &nKWees t*those annual rw)NJrwation was mre than £60.￿1. Net ga1n81110gs￿I on 5nv•81rnents Unrestricted UnreJtrictod fvnd• 2026 2024 Reva￿a10n ol ir1ves￿rts 743 122 10- HENLEY AND DISTRICT AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMEpifs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 10 Taxatlon The chanty Is ex￿P1 from on inc¥fft and 9&ns f￿lty T￿lh￿l Secti￿ 505 ofthe Taxes Acl 1988 or section 252 of the Taxats"on of Ch¥ftJeabk Gains Act 1992 10 fv extent thal t￿$& arg ¥PFthed lo ils charilat4e obpcls. 11 T*n41￿• Ilx•d ••*•ts Al 1 January 2025 thitions 15.1 11.892 34.942 Al 31 C*certw 202S 15.C 11,892 34,942 Oepr•ciation and inwim*nt At 1 January 2025 D8prOtiats￿ tharged in th8 year 8.179 1.(K)7 6.491 314 24.570 1.631 310 At 31 December 2025 9.186 10.210 26.201 rArrylng Amixint At 31 C￿e￿ber X)2S 5.820 1.239 1.682 8.741 At 31 Decernber ￿24 6,827 1,553 1.992 10.372 12 Fixed ass•t invgstmefits Ujtsd inv•slm?nts Costor ¥alu•tlon Al 1 January 2025 R•v*lu•tioM R•v*uation 9*n 743 C•rrylng •mounl At 31 Cw8n**r 2025 1,680 At 31 Decerter 2024 937 Flxod a$sel Snvostments rnvalugd The￿ We￿ no inveslft*nt assets ¢xrtsth ol lh• UK. Th• Ic41tr*ing investryenls represent nyrte than S% of totsl inv•sbnonts." Hhtorkal ¢osl 1,710 Lbyijs BartY¥J Ft orfinary £0.25 shar8* £870 I￿rk•t¥•1 £1. HENLEY AND DISTRICT AGRICULTURAL ASSOCIATION LIMITED IIOTES TO THe FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 13 Sto¢k• 202S 2024 546 14 D•btorn 2024 2023 Amounts f￿ling du• *4th1n y•ar. 1.828 IS CndStorJ: amunts lalling du• *lthln on• y• 2025 2024 Lwerred incc Tradè tteditors Accmals 16 1,302 410 1,69) 2.550 2,310 4,860 16 D•ferrod I￿om• 2025 2024 Other def8rr8d income 1.302 defe￿ed irK0￿￿ lor 2025 rektes to.. . ¥￿me received in ofthe 2025 event £45 (2024.. £￿) . P￿n9 deb8rrtures which are Ic¢ a of5 years £1.25712024.. £2.4601 17 Oprating lfra8• commlkn•ntss Al Ihe reportiTrJ end date the tharity haj wlst8ThJTrJ LZrfTrrilrnents forfL*ure mininum *as• paymènts und•r nonantellable opertting leases, whith lall th as follo*%." 2025 2024 thin or* year 3.750 3.750 12- HENLEY AND DISTRICT AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMEKfs {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 18 R•lot•d p•rty tranu¢Uo thjring Ihe year the thar4tabkn c(¥rp￿￿ recethJ £560 fur¥l$ Iwo T￿￿t￿512024- NIL) for Sp￿50￿5hl￿ 8ThJ antry f60s. 13- Vimafs Hayward LLP Boston FIou5e Boston Road Henley-0TrThaff￿S RG9 IOY Deaf Slrs Henky and Dhtrict *4rknJltur•l AuKktlofi Unthd This representaiion letter L% provlded in Connect￿fi wAh your independent examination of the financlal statements ol the charity for the year •Mled 31 DeC￿nbel 2025. for the purp)se of exkyesslng an oplnion as to whether the thaKial statements are Presented fairty. in accordance with FRS 102: The Financial Reportin8 FrafftRWQ￿ applicable in the UK arKI Irelw We confwm that the f0lknwi￿ represemal￿iS a￿ m* on the basés of enquiries of the trustees. manaÈement and staff with relevant kno￿ and experMce laNI, where appropriate, of inspection of sw>portiTr& documentalionl sufkient to salisfy oursefves that t*e can property make each of the followin8 represents1*￿$ toyou: l. We ha¥e fuNled res￿n$*bIllieS a5 trustees the Char•tles kt 2011 for Prepari￿ financi?1 statements. in accordance with the applicaljle ￿anCIal rel￿1￿ framework FRS 102 and the FRS 102 Charity SORP. We tonfimi that in our opnion the fi￿n(jaI statements 81* a tnje and fa5r vlew and In particular that where any additM)nal infornia¢i￿ must be disclosed in order to 8i¥e a true and fair view thal InfoTmatlon has In fact teen d￿dOSed. We coTrfirm tkt the sekntion and applicatitin of the accountlng t￿•￿￿5 used In the prèparntion ol the financial statements are awwr5ate. ar¥J we approve t￿se financial x¥iementsfor the year erthl 31 DeCeM￿r 2025. 2. We confirm that all accounti￿ records have been made availaljle to you for the pwwse of your examinatiorn in aCcOrda￿e w6th your tern￿ of eWeffte￿. and that all the transaction5 undertaken by the chafity ha¥e been pn)perly refiected and recorded ￿ the accounti￿ records. All other records arid related ll)fom)akn. Inckn11￿ minutes of all management, t￿￿s. and mÈmberg Meet￿￿, have been madè a¥aAable to y￿. We have 8Nen you unrestricted aC￿sS to person5 within the tharity in wder tt> obtain sufficient evitle•Ke and wlded any addlttonal inforniation that you have req￿ted for the pww)se5 ofyow examination. 3. We confimi the tharity has satlsfxtory title to all assds and the￿ a￿ no Ilensor enCUmbran￿S on the assets. except for tkjse disdosed in the financial statements. 4. We confimi thai we rt) plans or intentions that may materlalty alter the carrying value and, whère Alevarnt. thè fair Va￿￿ measuremtnts or cLtssifKation of assets and liabilities refiected in the finarKi•l ststemen S. We confim) that the chxity has 1Sabilties or conlhynl liabilities other than those disdosed in the financral 5taiemenl> 6. We confirm tlwt all kn￿*M artual or w)SSib￿ fit￿tIon and claims wkne effects should be considered when P￿pari￿ the fina￿la1 statements have been disch)sed to you and accounted for and dixlosed in ac(¢)rdan¢e with •pplK•ble firt•￿141 report4￿ fran￿ork 7. We confirm thai there ha¥e been ￿ eNEnts since the Balance Sheet date wtwth reqLMre disclosin8 or which wovld materia* aflect the arTh)unts In the fThncial statements. other than those already dlsdosed or Ind￿￿ed h) the finandal statements. 8. We confirm that we are awa￿ of the ￿finit￿}n of a rekted party for the purpose of ihe accounting framework bel￿ awlied in the prep•ratK)p of the financial statements. We confixm there **re materlal related party tral￿aCtIDr 9. We tt+nfvm that the tharity neither had, ai any tirro the ￿*r. any arrareèmÈnL transaction of agreement to probryde credit faalIt￿ IwKknJl￿d advance5 aTrJ credits 8ranted by the charity) f tnjstees. Th)r provided guarantees of any kind on behalf of the trustees. 10. We confirni that the chartty has not ￿ntl•tted for cawal experrfltture othef than as dlsck)sed In financial thtemen 11. We confimi that the charity has C