company reglstration number 7585178 (England and Wales) Charlty r•glstratlon numbèr 1141715 (England and Wal•s) STITHIANS AGRICULTURALASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 STITHIANS AGRICULTURAL ASSOCIATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Truslees J Rom8ro L Roskllly Brown J Coutts T Perkin S Reed R Dovming S Tr8wln L Stevenson R Eust¢s F Combellack L Gluyas l Burley M Small P Steven59n N Vague R Williams J Clarke L Roberts W Goldsworthy S Tremayne A Burley l Nicholls T Bowden W Gluyas W Bowden H Roskilly J Bach E Knight K TTemayne P Brown H Downing G Trethowan T Mead C Opie K Mead T Plumrn&r Y Toms L Roskilly V TDMS Capl M Higham Rev D Reed C Tripp R Martin P Brown K Downlng (Appointed 4 August 20251 (Appointed 6 January 20251 Socretary C Walters Country of Incorporatlon United KIn￿10M (England and Wales 7585178 Charlty reglstratlon England Bnd Wales 1141715 STITHIANS AGRICULTURAL ASSOCIATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Independent examln•r bk plus Llmited 3 Chapel Street RedrLtlh Cornwall Llniled Kingdom TR15 2BY STITHIANS AGRICULTURALASSOCIATION LIMITED CONTENTS Page Trustees, report Statement of tN51ees' responslbilitles 10 Independent examinevs rèpDrt stalem8nl of fln8nclal activitres 12 BalancE sheet Notes to the linancial sl818m8nts 14-24 STITHIANS AGRICULTURAL ASSOCIATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Tha Trustees present their report along with the financial slalemgnts of the Charity forlhe year ended 30 September 2025. The financial statements have been prepared In accordance wllh the accounting policies sel out in note 1 to the financi31 statements and compty with the charftls governing docum8nt. the Companles Act 2006, FRS 102 'The Financia1 Reportlng Standard applicable in the UK and Republic of Ireland and the Charities SORP "Accountlng and Reporting by Ch8rilles'. Statement of Recommended Practice appllcable lo charilies preparing their acix)unts In aecordance with the FinaNci81 Reportlng Standard appilcable in the UK and Republic ol ITeland IFRS 1021.. Objectives and aetlvlties The Company's Objects are.. 4.1. lo promle and èncourage agricultuie, hortlculture, forestry, conservation and Industry for the public b8nÈflt lin partlcular bul not excluslvely In the county ol Corriwalll and to Improve and advance Ihem in all iheir branches and In all Irad88, cr8fts and professions wilh them in an exclusiv81y tharltable manner,. and 4.2. to advance educallon in connection wlth agriculture, horticulture, foiestry. conservation and rural and traditional crafts and actSvities', In particular. b¥Jl w¢thoul limitatlon, by the holding of an annual agTlcultural show, nomially on the traditional dale in July. The Show is held in Juty of each year on the Mondsy after the Sunday ne8r6st lo the 13th day ol July IFe8st Df St. stythianl. The object8 wère revised al the lime of the transfer from LEnincorporaled to Incorporated 8nllty (1 July 20111. The objective is normalw achieved through th8 organisation and effecllve completion of the one day Show and through using surplus Income In the improvemtsnl of th& Showground and the enhaneément of the facilitl8s available to metnbers and the public, together with the ability to grant a bursary or burs8rl8S to further studies linked lo agriculture. Th6 Nexl Generadon Project ISunlLower Traill also provides a practical deliv8ry of our education objectlV8. In addition to the use of the Showground for th8 Show, it is let out lo olhor OTganlsations. both local and natSonal charlllas and commercial organi5ations ID raise addltlonal revenue Ihrough the effective use and stewardship of Ihe Showground. The letting lo outside organlsations also means th81 In many Instances th8 PLJbllc are able to attend evenls, whlch 0th8rwlse might not happ8n, and ￿arn about other aspecls ol past and pres8nt country life. This Includes the W8sI of England Steam Engin8 Society IWESESI who stage thelr prestigious annual evenl on the Shtiwground in Auousl each year. There is a closo link beiween th& educational obleets ol the Assoclaliorh and the WESES Steam Fair in r8sp8cI ol the hislory ol agriculture and evolulton from steam powered farming lo today8 modern maGhlnEry. Non-PLFblic events indude hiring Ihe Showground to Scouts or Guides for their lamborees OT other gatherings and various dog agility meBlings. In addition lo seeing greater use of the Showground assel the Income from Ihis allows us to k8ep the cost of admisston lo Ihts annual Show as low ag possible lo the benefit of the VlSiting public. We now also have our Ev8nt Buildlng av3llable for hire. either in conjunctlon with a part or full sile hirB or as an Indep8ndent facility. Publlc benefit The Trust86s confirm that they have complied wth the requirements of section 4 of the Charities Act 2011 to hav due regard lo the publlc benefit guldancè published by the Charity Commlssion for England and Wales. STITHIANS AGRICULTURAL ASSOCIATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Aehlevements and performanee Signifjcant aGliwlies and achievements against obl8Ctivos eratin Revlew The 2025 Show enjoyed near perfect Show weather. We changed our licketing supplier this y8ar and found a much improved exptsrfence cC￿pared tLI the old supplier. Advance sales werg buoyèd by an earfy purchase dlgcount. W6 conllnue Eo grow our u88 of thè Showing Scene systsm ￿th more sections acc8Ptlng èntries online. We introduced Sponsorship applicati(Trns lo this system with limited SUCCBSS. We continue Io s8ek an individual to devote the requlred tlme and effort to the recruitmènt ol major Sporssc>rs. Full Showground wi-fi was again provided for traders and our own Offi￿ and galÈ use and was boih effective and well recelved. We also provided a free w-fi aC￿$S point lor M8¥nb8rs In the Members, Pavilion. For 2025 we were depend8nl on Sky Link connections as oui supplier is no longer ab18 to offer the microwave connectron of previous years. Looklng ahead we are hoping lo have a full fflbre broadband supply for the Showground by early 2026. The new Pig Section, FWJW in the second year conlinu8d lo prove a very popular draw. We w8r6 unable to have the Rabbit Section as the prospective organlser withdrew. Vel again the Poultry Section had t8k&n an earty decision not lo run due to Ihe then ongoing Avian Flu situation. Thls do88 not look promlslng with the currenl DEFRA proposal that any such gatherlng should hav8 8 very substantial void area belween thal section and any other IivE5lock seclion. We simply don't have the space lo accomrnodate this. The Show Luncheon was again well re¢eiv¢d and whilst il does constStu18 8 major cost lo the Associatton in respect of Ihe Suncheons provided to judges and certain officials il is considered 89senli81 in attracting those paTlles. Catering was avallable in the Members, Pavilion in addltion to the bar. We are cognisznt that the coffeeltea and fo(Kl rovision was lacking in s8V6ral aspects and particutarly speed of service. This was la¥gely due to the original providèr withdrawing without a long notlee period and havlng lo find Someone unlri8d and unt8s16d. We wlll be slrlving lo improve this aspecl lor 2026 as othèrwise we risk ali8naling our Members. Our musical enlertalnment offer continues lo evolve brfnglng a wide range of entertainers to the Show. We agaln fealured our main stage and had the bandstand use all day as well as an afternoon of performances in Bu5kers' Square, which we were d61Sghl6d lo have organised by Sourcè FM. We were gral8ful lo Andy Marshall for on again anchorfng the main stage and ensuring a smooth llow of ongoing 8nlertainmenl. The Taste ol Cornwall 8rea was agaln comprised of IndivldLJal modules. The moduSe5 were agaln largely popular. During the year we have completed the Improvements necessary lo bring ihe Event BuÈlding on stream and this is already proving populcirwith our hirers. For 2025 we again enggged th8 Sarvices of a Social Medi8 expert for the three mon￿8 around Show (including a full prosence on Show Dayi recognising the importanc8 of Ihls aspect And the fact that the offi¢¢ volunteers simp do not have the time lo give Ihis Suffiagnt attentS0n. We mtsved our radlo advertising affilSalion from Pirate FhA (now Greatest Hlts Radlo} to Rewlnd Radio. Wlth th8 axceplion of th8 Gorkgral Secrelary. all officer5 of tho Association operate on an entlrely voluntary basis. The Trustee5 ale pleased lo report that our core volunteers have continued lo operate and that our wider Showtlme volunieer force has continued to be fulty supportive. The Trustees are very grateful to this faithful grotsp ol supporters. The Trustees believe that we need to continually ev0￿￿ and to enhance the educational aspects of Ihe Show to bring in a younger audience and polentlally attracl new young8r volunteers into the Association and we continue lo evolve the Sunflower Trail which proves very popular wlth our younger v1511ors. We have also tried to 8ncourage more local schools lo gel Involved by offering discounis for school groups. STITHIANS AGRICULTURAL ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 As part ol our stewardship of the Association asse15 we continue to lel Ihe Showground or parts th8r801 for events organised by otherg, Som8 of these Ère open to the public meaning that our local audience have the opportunity to experience a diverse range of events. We lry lo maintaiF) a b8lance b8twéèn effective land usag8 and local cap8cltl8s for traffic, etc., as well as trying lo be Cons￿erate to our neighbours 8nd ke8p noiso to a sensible level. We have slrlct ev¢ning Cut off times in place and. wher8 8ppropri8te. employ an acouslictan to monlior events where noise may be a w)1gntial concern at)d ampI￿led muslc is a known feature. On the weekend before the Show we wéra again jointly inVo￿e￿ with Slilhians Par15h Counal in organising and promoting the annual scarecrow competrllon in the village. The event is spon50r8d by local concerns and the net proceods are dEvlded between local organlsalions chosen by ihe Association and Parish Councll. WÉ ar8 grateful to Ihe Trustees who gave thèlr Ilme to support thi5 vi118ge aoliwty. The Association also endeavours lo tnanage the land in accordance with best prsclice for such stewardship and sustainabillty m8inlainin9 hedgerows and utlllslng the grasslands for silage ahead of Ihe event season. In pursuit of our agricultural educallon objective we were co-8pDnsors for another educallonal event held on a local farm and organised by Cornwall Klngfish6rAward Scheme. Membershl The Members. Pavilron continu8s lo be a strong driver for recruitment although we realise Ihat many Members loln for that benefit and rnay not hav8 an ongoing devotion lo the Association. 024 78 025 12 han dult dull unior Annual Life includin not Com Honorzryl m8mb8rs an We contlnue to operate our Memb8r8hip offer through Showing Scene, rneanlng that Members can join or ren8W online or by returning a form lo the Membership Secreiary. We again offered catalogue. guide and luncheons las agent for the caterer) as an upsell for advance ticket purchasers. with a reasonable level of success. In addition to tho figure5 above we continue to off8r discounted junior tickets lo ￿c￿l primary 8chools lo encourage them to enter compglilion8 and attend the Show in accordance with our educational remil. Group rates are offered to all schools Ih8t apply. Encouraging School Vlslts Is seen as 8n essential part of our educallonal obleclive. Each memberls Ilable lo oonlribute £1 in th8 event ol gn Inso￿ant winding up of Ihe Company. STITHIANS AGRICULTURALASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Financial review With the much better weather this year we saw a surplus of income over expenditure of some £12,000 before non financial entries and with a nel profit of just oveT £1,000 (compared to last year's loss of £77,000). but th15 In essence flowed from Ihe hiring out of th8 ShowgrourKI and nowty repurposed Event Building which gon8raled sori £13.000 more than the previous year. The c051 base of the Show conllnues tu rtse as our contractors. wag6 bllls havè been affected by thè changes to Nalional Insui8n¢e and th8 Livlng Wage 85 W811 as oth8r Infl8tlonary pr8ssurès. Du8 to this w8 ar8 looking in dopth at any potential cost savings and intend io Irial th8 forw8Tding of some comp8titor tickets and car p8SS8s by 8m811 using our ticketing system. This will save on printing and postage costs. We will start with one or hvo sections and hope lo expand progressively over coming years. We will also need to rewew our admission and other enlry charg68 Its s6e il we can improve our income. We are reluctant lo increase the charges for traders by very much as WQ are only loo 8w8re of the pr055ur05 on them which might mean a higher entry cost would meon that they decide not lo attend. We wlll also look to maximise the usage of our land and buildings for outside hire5 and In 2026 we have the presltglous event belng orgenlsed by Flsherman's Frlends which we understand to be mostly sold out alre&dy. During the year Lloyds Bank notified us thai they were no longer going to provlde Charity Tern￿ for us In vlew of wr inueasing turnover bus they are unable to provide any Iransmission figures to allow u5 to calculate ihe cost of thls mov6. We are considering our options but with our large requirements for coin ahead of Show for prlze money our options ère 6Xtr6m61y limited. This is not helped by the forthcoming closure of OLir branch ol choice, Cambome, and tho subslilulion ol a Banking Hub which we have been given lo understand may not be able to servlce our cash requirernents. Flnanclal Pollcles Each year the flnance commlU8e agr88S th8 shtsrt, madlum and lonu 16rm spendlng and r&s6rve wjliey for the ensuing period.. 1. Funds are allocated lor the day lo day running of the Company. 2. Funds are allocated to maintain and improve the Showground facilit￿8. 3. A sum roughly equivalent kn the previous years operating cost of the Company Is held as conllngency agalnsl a disastrous Show yeai. 4. Surplus cash funds are earmarked for eithei land puiGha5e, shoukl such become available, or for a more subslanlial capital development within the Showground should Such a dgvelopm8nl b8 consid8r8d appropriate and financially viable at some future date. Whilst Ihere is the possiblllly Df a short-t8rm requirement of capital for18nd pureh858, or to support cash-flow should Ihere be another disastrous y88r, the comm1tt88 b81i8V85 that 8 long t8rm inv8Strn8nt rnan8gem8nt arrang8m6nt would be inappropriate due to the possibility of an inau5piclous liming for realis81ion of fuNd5. 11 is impossibl8 10 anticipata when a land buying opportunity might arise and such opportunlties are extremely ¥are. Fur)ds ale thus inv&sled in cash accountslshort lertn bonds to glve the best interest relum available at the time of Investment. Followng the banking ¢ris18 of 2007, a declslon was taken to splll the Inveslments lo ensure that the Company benefits frorv the FSCS cover as far as posslb18. Thls does mean that S8CLJrlty of caplt81 takes precedence over return. The r8s8rve ol one year's oper8llnu cost Is hekj as recenl evidence has demonslraled that Shows which fail to hold sufficient res8Tves allher struggle or fail il they have one or mor8 very poor years, e.g. a disease occurrence followed by a wash out. Th8 resultg for the year are shown In the slatomenl of financial activities on page 12 and show th8 nel incomi ro50ur¢es for the year of £1.20412024.' £77,292 deliclll which logelher with reserves brought forward of £817,128 12024.. £894,420> glves a total reserves figure of £818,332 12024.. £817.1281 of which the whole amount Is unreslricled. Due to thè costs which would be incurred in carrying out reguLgr revaluations of the freehold asset the Association does not r8VlèW the value thoreof. There is, Ehough, little doubt that with present land pri￿$. there is a substantial serv8 Iri thè book valL18tion. STITHIANS AGRICULTURALASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Malor rlsks The Trv5lees are responsible for over%eelng the risks faced by the Company and have a comprehens5ve range of policies and procedures covering all aspects of ils activities. The major risks to which the Compsny Is exposed, as id8nlified by the Trustees, have been revtewed and systems or procedures have been established lo menage these rlsks. We contlnu8 to adapt to legislative changes, includSng Ihe upcomlng Martyn's Law wh￿h may have a slgnlficanl impact on our man8g8monl r8qulrements. Plans for futur• perlods Whilst Ihe main focus is naturally on providlng the best possible visffor, member and exhlbltor experience al our own Show we continue lo seek way8 to18verag8 the return on our substantial land inv8Stment by expanding the number and valua of 18ttings we achl6ve Ihroughoul the year. Th18 has lo be balanced against the polgnllal disruption to local communities due to sound transmissSon and traff￿. We now have the Event Building, so meeting or indoor event space can b8 offe￿￿ togelher with associated f¥¢ilities. There Is generally a lack of such accommodation wilh generous car palking within fhe catchmenl area. Structure. governance and managemènt Stilhians Agricultural Association is a Company Limited by GuAf8nlee, registered in England, number 7585178. Registered Charity number 1141715. The Governing Document is the Memorandum and Arlicles of As80ciallon adopled on 17 March 2011, as revised S&plember 2014 and January 2016. STITHIANS AGRICULTURALASSOCIATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 O seP￿Mber2DI1tOoj?Th￿ryI02s J•Thuiry2025to Ose ber2UIS hBkn3ll Ch&lim8 8w UA Dtsw .MA lies¥pl￿￿￿e Down reBsufaT i.tdA ham lteSeUe￿ry 99W8db wp￿ Lwaknrs LffWn5 Tom5 L Tom& Toms LMèa6 tWsh1pSe￿￿l howidElrodors PelBT PJ Brown JÈDwdtn b8balei*orrw PJ K PhJmnLel Jmea L MBad J Bri￿n Kpfummir *¥Dhsiwknds LIAeÈd nglheyllal. &ceJiiEr4. J Brown LBro Arr FDNthd S￿￿seri￿18￿￿5 R Ti*m FDN￿l￿ 0￿￿er lafSi6w*dsl MTrern EE ￿uY1$ MTi£m sCratt& milker4prpwth&vll5- tswrds BU M Rib5ki Go￿5w0￿ grnFJI-r85wlld gwi ALLgike A¢￿the ng& oMlruttvFe SKn Perk WMU#m5 v DPA8 Aslgw SKn DPRe omsects l Buthy tsbr CKIT Td Rob￿ BEcha HE[)￿1￿9 bts4￿￿ DuwJnin ARoskU dARoshylly Reed Cou Inled ash5515￿￿tTre¥s￿lQ 4w]&ARos DÈ￿rt￿rzQ24 STITHIANS AGRICULTURAL ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Recruitment and appointment of Irustees Trust68 appointments are made from the memt>ership al the Annual Genèral Meeting of the Assoclation in accordancg wlth Artide 21.1. The President and Presldent Elect do not have to be members of th8 Association and are not Tiustees unless by vlrtue of another appointmÈnt. They are able lo allend and speak al anyAssociation meeting they deslre, but do not have a vole. All new Trust88S are provided with the annual report and accounts and 8ppropTlale Charity Commisslon publicatsons. The CoMpan￿S current policy concemlng the payment of trade tteditors is lo follow the CBI'S Prompt Paysrs Code (cop￿$ are available from the CBI, Centre Point. 103 New Oxford Street. London WC1A 1DUI- The company's current pollcy ennc8rning the paymenl of trade creditors Is to: settle the terms ol payment with suppliers when 8greelfto the terms of each Ir8nsacllon', ensure that suppliers are made 8ware of Ihe terms of payment by induslon of th8 relevant terms in contracts.. and pay in accordanc8 Wlth the companys ¢ontr8ctuBI and other legal obllgations. Trade cr8ditors of the company at the year end were equivalent to XX (tsY8 purchases, based on th& average dally amount involced by suppliers during the year. STITHIANS AGRICULTURAL ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Organlsational structure Executlve Commlttee rrho Truslee5)- the decision maklng body. Thé Ex8cutive Commlllee meet a mlnlmum of four times per year and consider all approprfate aspects ol the operation of tho Assoeiallon, taking r8comm8ndatlons from the various commillees, sub comMltt885 and working parties. as well as the offi￿rS of Iha Associabon. Additional meetings ar6 arranged If required. Operating within Ihe terms of the Artides of As50Glatlon, the Executive agreos appropriale dalegaled aUthor￿Y to officers, committees groups of offI￿rS. regarding issu8S that may need to be re501ved between the Ex8CUtlve Committee moelings. Decisions are made by voting al m88tlngs with the Chairman havlrwJ a castlng vote. Worklng Solutions Commltteè {previously ur￿￿1 ItemslEmergency Committetsl During 2019 it was d8cidèd that there was a need for a more streamlined decision- making process and thus the committee was refomiulaled lo hold delegated powers from the Trustees and to oversee the decision making of the G8n8ral Secretary and Officers. It comprises the followlng.. Chairman, Vice Chairman, General Secretary {non- voting), Tr88surer, Asst. General Secretaries, Asst. Treasurer, Showyard Director if appropriat8, a Steward representative if appropriate, a represenlalive of 8ny seclion concerned if appioprlato. Any other person at the discretion of the Chairman and General Secretary. General CommltteB- meetings open to 811 members of the ASsoola￿on. embeT5hip of the following commille&s 3nd working parties is d8cld8d from time to Ilme by the Executive Committee in accordanc8 with the Standing Orders adopted at the firsi m8èting of Ihe Company and as smended fn)m time to time. The St8nding Orders also govern the conduot of the commi1188s and working parties and tha meeting pariodicities. Slte Commlll¢•- dea5s wth all aspects ofthe management of the Showground. wilhin the budgets set by Flnance. Flnanc• Commlttee sets ftnanclal targets and budgets for contingencies. Undertakes the high level risk assossments for the Assoc4alion. Thls eommillee also d$cides on ihe investment strategy snd. in particular, tries lo ensure that all deposits are cov8r8d by the applicablo FSCS Ilmlts from time to lim$. The commltlee is also responsible for personnel management and wlll lead the Assoc18tlon's efforts lo comply with the GDPR (General Data Protection R8gulationl requirements. 11 a150 covers the HR funcllon. LuncheonlDlnner CommSltee {nomially held In January). organi56S the Show D8y official luncheon and th8 Annual Assoaalion Dinn6r Compatitive Sectlon Committees- one committee for gach of the competitive sections of the Show, Rules Committee formed for a ITmlt8d period lo lead tho As59clalion's review ol the rul6s and operational basis ol the Assory8tion including the committ88 Struelure and powets and orga￿lsed and oversaw th6 successful transition from Unincorporated Association to Company Llmlted by Guamnt88. It wll meet rf any proposed Ghanges to the govemance need to b8 considered in detail. FoTward Plannlng Worklng Party - formulation ol m8dium and long term busir)ess plans, identifying polenllal improvem8ntslchanges to the organisatlon of Ihe show and drivlng forward the changes to our educatlon and member offers. Awards Commlttee - lo revlew recommendations submltted lo the Gen8ral Secretary in respect of the proposed award of Honorary Life Memb8r Ifor exceptional service lo Ihe Show) or for Long S8Nlce Awards. The Association15 a member of th8 Association ol Shows and Agrfcultural Organisatlons IASAOI whlch provides an Infomalion iesource and forum for a wide Fange of Shows rahglng Irom national and county shows to sm311er villagelcommunity Shows. STITHIANS AGRICULTURAL ASSOCIATION LIMITED TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 Exècutivé Officars who undetlake thè day-to-day management dulles of the Company throughout the year under reference lo the Trustees.. General & Company Secretsry - Claire Watters (Central reference point for all sections. MeM￿r8, press and the publicl. Assistant Secretaries- Vyvygn & Yvonne Toms. Treasuror- Captain Mike Higham (Day to day financial m8nag8menl of the Association). Assistsnl Treasurer- Jackie Coutts. Membership Seuetsry- Tamsin L Mead. The Governing Document is the Mgmorandurn and Articles of Association adopted on 17 March 2011, as revised September 2014 and January 2016. Bankers.. Lloyds Bank plc, Market Square, Camborne, TR14 8JT Independent Examlner.. BK PILIS Limit8d, 3 Chapel Street. Redrulh, TR15 2BY. Solicitors.. Hine Dtrwnlng {now Naldofs LLP}, 8-14 8erkeley Vale, Falmouth, Comwall, TRI13PH Princlpal address.. The Showground, Slilhians, Truro. Comwall, TR3 7DP Phone.. 01209 881073 Correspondence Address". The Secretsry, Chy An Kernyk, Rose Meadow, Slithians, Truro, TR3 7RL. Registered Office.. 3 Chapel St￿et, Redruth, CoTnwall, TR15 2BY E-mail.. informalion@slilhians.show Web Sile.. www.slilhians.show Facebook.. www,facebook.com18tilhian88how Twiller.- @stilhiansshow Instagram.. 81ithiansagri The land and buildings 91 Ihe ShowgmunLI are vested direclty ￿ the Company. The Tltle Documents are held by Ihe Associat￿￿$ Solicitors. The trustees, report was approved by th& Board of Trustees. Capl M Higham Trusteg Date.. Zo£S STITHIANS AGRICULTURAL ASSOCIATION LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Iruslee5, who are also the directors of Stithians Agricultural Association Limited for Ihg purpose of company law, are responsible for preparing Ihe Trustees. Report and th6 financial siaiements in accordance with appllcable law and United Kingdom Accounting Standards Iuniled Kingdorn GenwallyAccepted Accounting Praclicel. Company law requires Ihe trustees to prepare fin8n¢lal statements for each finanaal year whith gwe a truè and fair view of the state of affalrs of the charity and of tho incoming re50Ltrces and application of resources, Includlng the income and expendltur&, of thè chariiable company for that year. In preparing these finanual slatemenls, the trustees are ￿qUIred to.. S818Ct 51Jilabl& accounting policies and then apply them consistenlly., observe th8 rn81hods and principle5 in the Charities SORP., make judgements and estimate5 that are reasonable and prudent,, state whether applicable UK Acoountlng SIBndards have been followed. 8ubjgct lo any material departures disclosgd a￿d explained in the financial slalements., and prepare Ihg fin8nGial statements on the going concgrn basls unless it Is Inapproprlate to presum8 that Ihe charity will conlinu¢Y in op8ration. The trustee8 Are res￿nsIble for keeping adequate aceountlng records Ihat discknse with reasonable accuracy 8t any tlrn8 th8 financial posilion of the charlty and enable them to ensure that the financial statements comply wlth the Companies Act 2006. They are also responsible for safeguarding the assels of the charity and hence for taking reasonable steps for the provonllon and detection of fraud and other IrregularltlÉs. io- STITHIANS AGRICULTURALASSOCIATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STITHIANS AGRICULTURAL ASSOCIATION LIMITED I report lo the trustees on my examinatlon ol thè fln8ncial statements of Stilhians Agn￿ltural Association Limited (the charilyl for the year ended 30 September 2025. Responslbllltles and basls of raport As the trustees of the ¢harlty land also ils directors lor the purpos8s of cxbrHp8ny18wI. you are responsible for the pr8paralioN of the financial 5tatemEnts accordance with the requirements of th8 Compgni6s Act 2006. Having satlsfled myself that the financlal stgt8mènls (rf tho charity are not required to be audited under Part 16 of Ihe Companies Act 2006 and are eligible for indepénd8nt 8X8mination, I report in respect ol my examination of the chÈrlly's financlal statements Carried oul under secllon 145 01 the Charitie5 Acl 2011. In carrying out my examination I have followed the Dlrèctions given by the Charity Commission under section 14515llbl of Ihe Charfties Act 2011. Indèpendent examinerfs statement SinTr the charitys gross income 8XC88d8d £250,DOO, the indèpendent examlner musl be a member of a body listed in section 145 01 the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of the Inslltule of Chartered Accountants In England ond Wales, whlch is one of the listed bodies. I have cornpleled my 8xarnination. I confirm that no matters have corne lo my allentlon In connectk>n wlth the examination gwing me c3usg lo beligve that in any rnaterial respect.. accounting r8cord8 wer8 not kept in respect of the charity as raquiied by sectlon 386 of the Companies Act 2006. the financlal $¢8tsments do nol acccbrd with those records,. or thé financial statements do not Comp￿ wlh the 8c(x)unling iequlrements of seclion 396 01 the Companies Act 2006 other than 8ny requirement Ihal Ihe financial statements giv8 a true and faSr view. which is not a matter considered as part of Independent examination,. or the finan¢ial statements have not been prepared in accord8n¢o wlth the melhods and principles of the Slatemenl of Recomm8nd8d Practice for accounting and reporting by charities applicable to Eharities preparing their financi81 statements in accordance with the Finanaal Reporknng Standard applic8ble in the UK and Republic ol Ireland IFRS 1021. I have no Con￿MS and hav& come across no olh8r ma1181s In conn8cllon with the examination to which allentlon should be drawn in this re￿rt In order lo enable a proper unders18ndlng of th8 financial statements lo be reached. David Hastlhgs FMAAT ACA Institute of Chartered Accountants in England and Wal03 3 Chapel Street Redrulh Cornwall TR152BY United Kingdo Dale.. ZOZ6 STITHIANS AGRICULTURALASSOCIATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrestrlcted funds 2025 Unrestrlcted funds 2024 Notes Incom8 and endowments from.. Donations and legacies Charitable activities Other trading actlviti6s Investments Other income 10.518 209,187 66,203 1.905 1,725 12,241 138.885 48.028 7.453 1.988 Total Income 289.538 208,595 Expenditure on: Charllablè acllvltles 288.334 285.e87 Total expendlture 288.334 285,887 N8t Incomel{expÈndlturèl and mov•mont In funds 1,204 177.292) R8eoneill8tlon of funds: Fund balances at 1 October 2024 817.128 894,420 Fund balances at 30 September 2025 818.332 817.128 The statement of financial acliwlies includgs all galns and losses recognised In the year. All incorne and expendlture dorivo from conllnuing activities. The notes on pages 14 10 24 form part of the￿ flnanclal statements. 12- STITHIANS AGRICULTURAL ASSOCIATION LIMITED BALANCE SHEET ASAT 30 SEPTEMBER 2025 2026 2024 Notes Flxod assets Tangible assets 15 629,002 616,874 Current assets Debtors Cash at bank and in hand 16 10,374 207,428 18,332 192,292 217,802 210,624 Credltors: amounts falllng du¢ wlthln one year 17 {28,472) (10,3701 Net curront as$ets 189.330 200.254 Totsl assèts le88 current Ilabllltles 818,332 817,128 The funds of the charity UnreslriGte(I funds 20 818.332 817,128 818,332 817.128 The notes on pages 14 to 24 foTm part of these financial slal8m@nts. The company is enli118d lo the exernplion from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025. The dire¢lor8 acknowledge their Tesponsibililies for complying with the requirements of the Companie5 Act 2006 with iespecl lo accounting records and the preparation of financÈal staletllenl8. The members have not required the company lo obtain an audit of ils financial statements for the year in queslion in accordance with s8cllon 476. These financial slalemenls have bee￿ prepared in accordance with the provisions 8ppli¢able to companies subject lo the small companies regime. The financial statements were approved by the trusteBS on pl M Higham Trustee 13- STITHIANS AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies Charlty Infom)atlon Th8 charity is limited by guaianlee, incorporated In England. and cons8qU8ntly does nol hav8 share capital. Each of the members is liable to contriixjte an amount not exceeding £1 towards the assets of the charfty in the event of liq￿idation. The address of th8 r8gistèred office is.. 3 Chapel Slreel Redruth Cornwall TR152BY Thè principal place of buslness is.. The Showground Slilhians Truro CoTnwall TR3 7DP 1.1 Basts of pr8paratlon The financial slalements have b8èn prepared in accordanee with the charfty's ￿VeM￿ng document, tha Companies Act 2006, FRS 102 'Tha Financial Reporting Standard applicable in th8 UK and Republic of Ireland" and the Charitiès SORP 'Accounling and Reportlng by Charities.. Slalemgnl of Recommended Pr8clice applicable lo charitles preparing their accounts In Bccordance with the Financial Reportlng Standard applicable In the UK and Republ1¢ of Ireland IFRS 1021 The charity Is a PUNIC Benefit Entity as defined by FRS 102. Th6 charily has taken advantage of th8 provlsions in the SORP for charities not to prop8re a stalemenl ol sh nows. The financi81 staternents are prep8r8d in sterfing, which is the functional currency of the charity. Mon8t8ry mounts in these financial statements ar8 rounded to the nearest £. Stilhians Agricultural Association Llmited meets th8 definlbDn of a public benefit entity under FRS 102. Assets and liabi1ilie5 are Initially measured 81 hlslorlcal cost or transaction value unless olheNdse staled In the relevant accounting pollcy notes. 12 Golng concern Al the time ol approving lh8 flnanclal siatemenls, the trustees have a reasonable expectation that the charity h3s adequate resources to contlnue in operational exlslence for the foreseeable future. Thus the trustees contlnue lo adopt the going concem basls of accounting in prep8ring the flnancial ststBments. .3 Charltable funds Unreslficled funds Bre ovailable for use at the discretion of the trustees in furtherance of their chaTltable objectives. Restricted funds are subject to 8p8cific conditions by donors or grantors as lo how they may be used. Th? purposes and uses of the restricted funds ar8 sel out in the nolgs to the financial statements. Endowmenl funds aré subject to 8P8cffic ci)nditions by dorvjrs Ih8t the capital must b8 m8inlained by thts ch8rity. 14 STITHIANS AGRICULTURALASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting pollelès Icontlnuedl 1.4 Incorne Income is recognised when the charity is legally entllled lo il after any perfomiance conditions have been met, the amounts can be measur8d reliably, and il is probable thal income will be received. Turnover is amount derived from the provision of seThic8s, and stated after trade discounls, other sa18S tax and net ol VAT. Donatlons and legac18S Cash donations are recogrtlsed on receipt. Other dDnations are recognlsed once the charity has been notified of the donatlon. unless p8rfJrmance conditions r8qulre deferral of the amount. Income tsx r8coverab18 In relation lo donations receiv8d under Gift Aid or de8ds of covenant is recognised al the time of the donatic>n. Legacies are recognlsed on receipl or otherwise il the ch8rfty has been notified of an itnpending dislrlbutlon. the amount is known, and receipt Is expected. If the amount Is not known, the legacy Ss treated as a onlingent asset. Donated servlces and facllltl8S The value of services provided by volunleets 15 not incorporatsd into these financial statem8nt8. Further details ol th8 contribution made by volunleer',s can b8 found in the Tru8lees' Report. Deferrgd income Deferred incom8 r8pr856nts amounts received for future pertods and is released lo incotnlng resources in tho the period lor which it has been received, Such Ineome is only defgrrtsd when.. The donor specifies that the grant or donation must only be used in future accounting periods: or - The donor has imposed conditlons which must be met before Ihe charily has LJncondition31 enlill8ment. Investment Income Inv8stm8nt Income Ss rewgrbi8ed on a receivable basls. 1.5 Expenditure Expenditure Is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party, il is probable that a transfe¥ of economic benefits will be required in sgttlemenl, and Ihe amount ol the obligatSon can be meÈsured reliably. Expendllure Is classified by acllvity. The costs of each aelwity are rnadtr up of the lolal of dlr8cI costs and sharod Gc)sts, Including support costs involved in undertaking each acliwly. Direct costs attributabl8 to 8 single activity are allocated directly lo that activily. Shared costs which conlribulo tcj more than one activity 8nd support costs which are not alt¥ibulable to a single activity are apportioned between thos6 activities on a b8SIS n5islent with the use ol re5trurces. C8ntral staff costs are alloGaled on the basis of lime spent, and depreciation charg8s are 3lloGated on the portion of the asset's use. Charltable actlvllles Charitab18 8xpenditure complises those costs incurred by the charity in th8 dttlivery of its activities aThJ setvices for it8 beneficiaries. It inGlud88 both costs that can be allocated directly to such activities and those costs of an indired nature necessary lo support Ihem. GO￿rnance costs Th8se include costs attilbutable to the chsrlty's compliance wlh constitutional and statutory requirements, including audlt, straleglc management, liustees tneellngs and r8imbur58d expenses. 15 STITHIANS AGRICULTURALASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting pollclas IConlinu8dl 1.6 Tanglble fixed assèts Individual Ixed assBls costing £100 or more are inilialty measured al cost and subsequently measured al cost or v3luath)n, nel of depreciation and any impairment losses. D6preciation is recognlsed so a5 to wrfte off the cost or valuation of assets10SS thelr residual valuès over Ihelr useful lives on the fouowlng bases.. Fr8èhold land and buildin95 Furniture and equipTn8nt Buildings 2Yo per annum slraighl1Sne,' Land- Nil 20'A per annum reducing balance Th& gain or loss arising on the disposal ol an osset is determined as the difference between the sale proceeds and the carrying value ol th8 asset. and is reoognlspd in the statem8nt of flnancial aGtlvitlÉs. 1.7 Impairment of fixed assets Al each reporting and clale, the charity rev18WS the carrylng arnounts of its larolble and Intangible 8s5ets to determin8 whether there is any Indication that those assets have suffered an imp8iirnenl loss. If any such indication &x4Sts, the recoveiable amount of the asset 15 eslimaled in order to d8lermine Ihe extent of the Impairment loss lif any). 1.8 Cash and cash ¢qulvalents Cash and cash equivalents Include cash in hand, dèposits held al call with banks, other short-term liquld Snvestments with orlglnal maturities of three months D¥ léss. and bank overdrafts. Bank overdrafts are shown wlhSn borrowings in currènt liabilities. 1.9 Flnanclal instrumonts The charity hag elected to apply the provisions o( Section 11 '8asic Financial Instrumènts. and Sectton 12 'Other Financlal Instruments Issuès, of FRS 102 10 851 of its financjal inslrumenls. Financial inslrumenls are recognised In the charivs balance sheet wh8n thè charity b8COTll85 Party to the rA)nlractual provisions of the instrument. Financial assets and liabilities are offsel. wlh lh8 net amounts pr8s8nted in the financial slatemenis, when (here is a legally enforceable right lo sel off the recognised amounts and there is an intention lo sEIt16 on a nel basls or to realise the asset and settle tha Ilabilily simullaneou81y. Baslc fin8n¢lal assets Basic fin8nelal assets, which Include debtors and cash and bank balances, are inltlalty measured at transaction prSc8 including Iransaction cost% 2nd Arè subsequenlty carrled at amortlsed cost Using the 8ffectlvè Interest method unless the arrangement conslilules a financing transaction, where the Iransaction is m&8sured at the presenl value of the future receipts discounted at a market late of interest. Financlal assets classlfied as receivable ￿thIn one year are not amortised. 16- STITHIANS AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Aecountlng pollclgs (Continued) Basic flnanelal Ilabllltles Basic financial liabililiÈs, Including creditors and bank loans are InI￿allY recognlsed at transaction price unless the arrangement conslilules a financing Iransactlon, where the debt instrument Is measured al the presenl value ol th8 future payments discounted at a market rale of interest. FlnanciBI liabllill8s classifled as payable thln on8 year are not amorlisod. Debt Instruments are sub88quently carried al amortised cosl. Ltrglno the effecllve Interest rate method. Trade creditors arE obligalir)ns to pay for goods or Se￿1¢eS Ihat havè been acquired In Ihe ordinary COUTSE of operations from suppliers. Amounts payable are classified 3s current liabilities if p8ym8nt is due wlhin on year or less. If not, they are presented as non-curr8nt liabilities. Trade cieditors are r8ctsgnised initially at Iransaclk>n price and sub88quenlly measured at amortised cost using the effectivè inleresl meth(Kl. Derecognltlon of flnanclal Ilabllltle Flnancial 118billlies are der8cogni56d when the charlty's contractu81 obligatlons expire or are discharged or Cancel￿d. 1.10 Taxallon The charlty is consldgred to pass the tests set out in paragraph I schedule 6 of the Finance Acl 2010 and therefor8 meets the definition of a charitabl6 company for UK corporation 18x purposes. Accordlngly, the charity is potentially exempt from taxation in Tespect of incom8 tsr capital gain8 recelved within categories covered by chapter 3 part 11 of th8 Corporation Tax Act 2010 or seclion 256 01 the Taxalion of Charg88bl¢ Gains Act 1992, to the extent that such In￿me or gains ars applied exclusivoly tts charitable purposes. 1.11 Employee bfjneflts The cost of any unusgd hollday entitlement Is recognisod in thè period in wh￿h the employe8's s8Nices are received. Tormination benerrts ore recognised immediately a8 expense when Ihe charity is d8monstrably committed lo lerminale Ihe employment of an employee or lo provid8 termination bBnefits. 1.12 Ratlrement beneflts The charity operates a defined contr4bulion penslon scheme whleh is a pensions plan under whlch fixed contrlbution ar& paid Into a pension fund and the charity has no legal or constructive obligation to pay further ntrlbutions even il the flind d088 not hold sufficient assets to pay all employees th8 b8nefits relallng lo employee service in th8 current and prior peiiods. Conlributiolls to defined conlribut*)n plans ar8 r8cognised in the Statement of Flnancial Actiwlies when Ihey are due. If contribution payments exceed the conliibution dug for seNice, the excess Is recognised as a prepaymgnl. Crltlcal accountbng estlmales and ludgemÉnls In th8 opplicalion of Ihe charity's aocountlng policies, the Injstees are r8quired to mako judgernènts, estimal8S and assumptions about the carrying amount ol assots and Ilabilitses that ale not readily app8r6nt from other sourc8s. The eslimales and associated 8ssuniptions are ba88d on historical experience and other factors that S￿ considered to be relevant. Actual results m8y diffèr from these estimates. The estimates and undertying 85sutnptions are rèviewed on an ongoing basis. Revisions lo accountÉng 8slim8tes are re¢ognised in the period in which Ihg ostimate is revised where the revi8ion affects on5y that period, or in the period of the revision and future periods where the revision affects both currenl and future periods. f7- STITHIANS AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Incom¢ from donations and legacl•s Unr•strlcted funds 2025 Unrestrlcted funds 2024 Subscriplions Other donatlons and swnsorshlps 9.508 1,010 11.766 475 10,518 12,241 Income from charltable activltlas Unr8Strlct8d funds 2025 Unr•strlcted fund5 2D24 Annual Show Annual show income 209.187 138,885 Irkeame from other tradlng actlvltlès Unrestrlct8d UnrestrictÈd funds funds 2025 2024 Rental income Other income 52,303 13,￿0 34,609 13,419 Other trading activities 66,2Q3 48,028 Income from Investm•nts Unr8strlcted Unrastrlcted fund5 fund8 2D25 2024 Interest r8ceivabt¢ 1.905 7,453 18- STITHIANS AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEM8ER 2025 Other Income Unr6strfcled Unrestrlcted funds funds 2025 2024 Dinner 8nd dance incom8 1,725 1.988 Expendlture on ¢harltable activilles Annual show 2025 Annual show 2024 Dlrert costs Establishm8nl costs Repairs and maintenance Annual show cosls Legal and professlonal costs 15,548 15.035 202.861 212 9,071 27.733 1g3,013 2,973 233.656 232,790 Share of support and governancè costs Iseo notè 101 Supporl Gr*vèmance 10,916 43,762 8,556 44,541 288.334 285.887 Analysls by fund Unrestricted funds 288,334 285,887 Descrlptlc*n of charStable actKvltlès The holding of an annual agricultur81 show, normally on Ihe traditional d81e In July. 10 Support ¢o$ts allocated to Hctlvltles Annual show 2025 Total 2024 Depreciation Govèmance 10,916 43.762 8,556 44,541 19- STITHIANS AGRICULTURALASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 10 Support costs alloeated to actlvltlos Icontlnuedl 2025 2024 GoveTnance costs comprlse: Slaft costs Independanl examination feÈs Accountsncy Othèr govemanc8 IX)8ts 33,942 1.625 6,580 1,e15 32,460 1,250 8.025 2,806 43,762 44,541 11 Net movèmont in fund5 2025 2024 Thè net movement In funds is stalèd after chargingllcredilingl,. Fees payable to the charills Independent examiner.. - for the Independent examlnatlon of lh8 charity's finandal sialements for other financial servlces Depreciation of owned tangible fixed assets 1.625 6.580 10,916 1.250 8,025 8,556 12 Truste•$ The total valu8 of trustee expenses reimbuTsed In the year was £nil12024.. £nlll. 1J Employees The average monthly number of employees durlng the year was.. 202S Numbar 2024 Number Gonetal Secretary Employment costs 2025 2024 Wages and salaries Social security costs Other penslon costs 33,135 30,403 1,332 725 807 33,942 32,460 Ther8 wèr8 no employ8es whose annual remun8ration was more than £60.000. Romuneratlon of key managemtnt personnel The remuneratk>n of key management pèrsonnel was £nll. -20- STITHIANS AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 14 Taxollon The charity Is exempt from laxatlon on its aciiv&tles beGquse all ils incomÉ is applied fN charilable purposes. 15 Tangible flxed assets Fr8ehold IBnd Fumlture and and bulldlngs equlpment Total Cost Al 1 October 2024 Additions 658,062 11,423 120,717 11,620 778,779 23,043 AI 30 S8Pt8mber 2025 669,485 132,337 801,822 Depreclatlon and Impalrnionl Al l October 2024 Depreciation charged in the year 57,186 6.591 110,718 4,325 161,￿4 10,916 At 30 September 2025 57,777 115,043 172,820 Carrylng amouht AI 30 September 2025 611,708 17,294 629,002 At 30 Sepltsmber 2024 606,875 9.999 616.874 16 Debtors 2025 2024 Amounts falllng due wothln one year: Trad8 debtors Other deblors Piepaymenls and accrL$8d income 765 2,140 7.469 2,460 6,988 8.884 10.374 18,332 17 Credltors: amounts falllng due wlthin on• year 2025 2024 Notes Other taxation and soclal security Deferred Income Trade creditors Other cred1t￿S A￿r￿gIS 8,367 5,000 3,499 766 10,840 502 18 1,472 520 7,876 28,472 10,370 21 STITHIANS AGRICULTURAL ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 18 Def8rmd Income 2025 2024 Other défèrred Income 5,000 Deferred incom8 is included in IhE Ilnancial statements as foltows.. £5,000 received in relallon lo the Flsh8rman's Friends Festival taking pla￿ May 2026. 2025 2024 Deferred Income is Included wlthln: Current Ilabililies 5,000 Movements in thè y88r'. DeTer￿d Income at 1 OclobeT 2024 Resources defe￿ed in the year 5,000 Deferred income al 30 September 2025 5.000 19 Retiramènt benefit $chgme5 2025 2024 Deflned contrlbutlon schemes Charg6 lo profil or loss in respect of dofined conlributlon schemes 807 725 The charity op8rat6s a defined contribution p6nsion schem8 for 811 qualifying employees. The 8ss6ts of the scheme are held 5eparalely from thosé of Ihe charity In an independantly adminislgred fund. 20 Unrestricted funds The unrestricted funds of the charily oomprlse the un8xpended balances of donatlons and grants whioh are not SLJbject to specific conditions by donots and granlorg as to how Ih8y may be used. These Include deslgnaled funds which h8va been sel aslde out of unréstricted funds by thè trustees for specific purposes. At30 Septembar 2025 At 1 October 2024 Incoming r850urcas Rosource6 exp8nded General funds 817,128 289,538 {288.334) 818,332 -22- STITHIANS AGRICULTURALASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 20 Unrastrlcted funds Icontlnuedl Previou$ yoay.. At q October 2023 Incoming resour¢es Rosources At30 expended Septembgr 2024 General lund5 894,420 208.595 1285,8871 817.128 24 Analysls of net as$Éts belween funds Unrestricted funds 2025 At 30 Sept&mber 2025- Tangible a55ets Current asselsll11abllitSesl 629,002 189,330 81e,332 Unrestrlcted funds 2024 AI 30 September 2024.. Tangible assets Current asselsllliabililiesl 616,874 200,254 817,128 22 Rèlated party transactlons Transactlon5 wlth r8lated part188 During the ye8r the Charity ente￿d Into th8 followlng transactions Wtth related partl2s lon a commercial basis).. -23- STITHIANS AGRICULTURALASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 22 Related party transacllons Icontlnyèdl HM Roskllly (HM Roskilly is a Trustee) HM Roskilly purchased grass from StSthians Agricultur81 Associalion for £140 (2024.. £560) durtng the year. At the balance sheet date the amount due tolfrom HM Roskilty was £Nil12024.' £Nill. W Gluyas (W Gluyas is a TrLJSt881 WF Gluyas & Son purchased grass from Slllhians Agricultural Association for £352 12024.. £NIII during the year. Al the balance sheet date the amount due tolfrom W Glwas was £Nil12024'. £Nill. N Vague IN Vague is 3 Trustee) T F Vague & Son piovided Iraclor and tr8118r hlre services and was paid a total of £220 (2024.. £4651. Al the balance sheel dale the amount due lomrom N Vagu6 was £Nil12024.' £Nill. Nlcho118 11 Nicholls is a fru8t88) IN Steel provided metalwork s8rvices costing (he charity £189 {2024'. £Nill during lh8 y8ar. At thè balance sheet date the amount due tolf¥om l Nicholls was £NII12024.' £NIII. L Roberts IL Roberts is a Tru8teel Luke Roberts Law Ltd lof which L Rob8rt8 1S 8 director) received £52 {2024.' £Nill in resp8GI ol professional fees Incurred in the year. Al the ba13ri¢e 5h8&t dat8 the amounts due tolfrom L Roberts was £Nil12024.. £Nill. l Burley 11 Burley a Tru5t881 Burley Construction provlded materlals Eoward the repair and upgrade of th8 event bunding al a total cost to the charity of £7.557 {2024.' £Nill. Al the baEance Sheet date the amounts due tolfrom l Burlèy was Emil (2024.. £NIII. -24-