R¢gi$tgrgd number.. 01775897 ¢h8rlty numbèr- 288595 SUFFOLK AGRICULTURAL ASSOCIATION (A Company Llmlted by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmlted by Guarantee) CONTENTS Pag& R•lor•ne• and Admlnlstratlv• Dgts118 of the Charlty. TrustO88 and AdvlB•r* Cholrman's Stotemont Trust••s' Roport Ind8P8nd•nt Audltori. R•port on th• Flnanclal Stst?monts 14- 18 Con8olldatsd Stat•m•nt of Flnanclol A¢tlvltlgs 19 Consolldat8d Balancè Sh••t 20-21 Charlty Balanc• Sh••t 22.23 Consolldated Stat•m•nt of Cash Flow8 24 Nol•$ to th• Flnanclal St•t•mgnts 25-50
SUFFOLK AGRICULTURAL ASSOCIATION IA Ctsmpany Llmoted by Guarantse REFERENCE AND ADMINISTRATIVE DETLs OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Tru5toos RJ Bak8r ISI IARI. Chair PD Ovfrr ISI, Wi( Chair Ideceased 4 January 2026) SA Ber¥Jal BEM INI IE) JN DinwKldy IARI TMP Donsworth ISI INI IEI. Shcv Dlractor Elact (Show Dkactor from 30 May 20251 AW Fabr6 ISI lapFolnlod 28 Augu6120251 WH Hargreave5 EJ Kemball INI BW Kerr EC Morton ISI INI (resh3 25 Februwy 20251 K Sharpo111 IARI ISI. Treasuror JM Twybr ISI INI IE), Sh¢x DITlOr (19 29 Moy 20251 SP Tuckw ISI111 IARI IroswJne¢J 22 Ociobar 20241 Mgmbers of commtttees.. IS) Danotès membershlp ol tha Sh(w Commlttee IARI Dèntstès membershlp of th8 Audil and Rlsk Ctsmrnille8 111 D8te5 mgmbgr8hip gf Ihg Invgslmenl Commille8 INI Denot m8rnb8rship of the NomlnBlion8 Cornmilteg IE) Denot86 rngmber6hlp ol the Ed0110 Cornmltt¢o Company rog18ter•d numbor 01775897 Chhrlly régl8t•r•d number 288595 Rogl•t•r•d offlc• Tdnrty Pa FoIixslo Road Ipswch Suffolk IP3 8UH Chlef 8xecutlve officor PHP +Wn8wrxth Independènt audlttsrs BW Aud51 Lld Charterod Accoun18nts Berry & W8uen 54 Thorpe Road Nomch NR1 IRY Bankers Barclays Bank p 1 Princes Streel Ip5*ich Suffolk IP1 1PN Page 1
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmlted by Guaranteè RÈFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARtrY, ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Sollcltors rkett5 Provhl8nc8 HDU88 141-145 Prrtes Streel Ipswich Suffolk IP1 1QJ Page 2
SUFFOLK AGRICULTURAL AS50CIAnON IA Cornpany Llmlted by Guarantee) CHAIRMAN'S STATEMENT FOR THE YEAR ENOED 30 SEPTEMBER 2025 It wllh tremèndous sadne55 to report Ihe sudden pas6in9 of our Ir*nd and Vice Ch8irm8n of th8 Suffolk Agrlculiur81 Associati( Mr P8t8r Ovet DL on 41h January 2026, hllèr th8 y88r end but b8for8 these fln8nclo1 slat8m8nls werg sign80. Peter was a passth8te supporl8r of our Ass19tln. undertakiNJ voluntary rolos as Sleward, SÈnKJr Sl8ward. Depuly Show Director, Pkn0r Show Dir8clor. Director ol TPEL and Vlca Chalrm8n and he wlll be greatly mkssed, not On for the hLVJg conlrlbu.0n Ihat he madts but the lrieryJ5hip 8nLI support that he g8V8 lo us all. Pgler aKvay3 spoke ol hls bve ol the Suffojk sh, a gr8al 8rnb8ssador for the As50cialDn and a ke&n mentor lo the UgOr gen8raknon and Ihe SAA for8ver be Indebted for all that h• uted lo our chArity and th& wrid8r community ol Suflolk. SAA Chairrnan Pagg 3
SUFFOLK AGRICULTURAL ASSOCLATION IA Company Llrnited by Gu3rant8el TRUSTEES. REPORT FOR THE Y&4R ENDED 30 SEPTEMBER 2025 The Trustees pen1 their annual report koelher wlh the wyiled rfygrkl statements of the Ch8rily for the year 1 October 2024 10 30 S8Pt8ffib8r 2025. The Annual Report 5etves the purw)58s ol both o Trustees, rèport and a dire¢lor8' report undor company law. Th8 Trust885 confimi thal th8 Annual Rert 8nd fin8nci81 sts18m8nls of the charltable company comply wlh Ihe CU8nt stalutrlry requir8ments. the requirements of thè ch8rilab18 companys governlng document and Ihe provbh)ns ol Ihe SlatemeTht of Rewmrnended Practice ISORPI ppIic8b19 to ch8ri119s pr9P8rirvJ their 8ccounts in accord8ncè wilh tha FiTrBnci81 R8POrtwig Sl8nd8rcl applic8b18 In tho UK and Republk ol IreLgnd IFRS102118ff8ciw8 1 J8nuary2019). Slnce the group and lh8 Charity qualify a5 sm811 und8r 58elknn 383 of the Compan6è$ Ael 2006, thè Group Str81eglc R8POrt requlred of medlum and brgg rnpanIeS under the Comp8nig$ Acl 2006 (Slr81ggk Report and Dlreclors. R6rtI Regulatn6 2013 has been ornllled. Obloctlvo• and a¢tlvltl•o . Charltabl• olm• The objecls ol Suffolk AgricJJtturo1 As5181k)n. o¥ ¥gt out In ts wvgrnlr¥J (k¢umgnl, grg.. 01 To promo16 and •nctyJroge th• advancement and improvement ol agrfculturfr lincludiro lor8s1ry. hortkullurfr, food productkjn and #ll aw occupatbnsl wh8lhèr through Ihè dèv•bprn•nl ol sklls and lachnlquès or re898rch, and the disseminatn of knedge of Sh skilb Bnd lechniqLte5 or r888arch both 8S tg thg m8lhods ol husbandry and the us8 of sclence 8Th1 the use and d8velopm8nt of 8grfcullur81 Irnplèrnenls and machlnery, lh• applk8tk)n ol land managemenl. maetIng and consorv8110Th aThJ tho davekJpm8nl ol now agricultural Prodts includlry r8n9WabS. bl To holj regular agrtuttur81 provKled Ih81 Ihe A59or48lknn 6h&ll be oblpjed to hokl a show In any ar11 Trusl8as ol Ihè Assocloth)n shall resofv8 olherris8. To achk8ve Ihb charilabb glm Ihe A5soCLglTh stAge$ Ihè SuffofK Shuw, whKh Is also a fuThJralsing event tr Ih8 charlty. and other events, such 86 Ihe Suffolk F8rrn Buslne58 Competition, Suffolk F8milng School of the Year, Iho School Farm & Country Falr ISFCFI. FOCKI and Farmlng SILhJenl Day and Trhclors In Schools and conferen$. When organislThJ Sh ev8nts, thè Assocrdt1 8nsur8S that they embrace, promote and adv8nc8 agricultural educalon and best pwbce. provbJ8 Ir8ining opporlunil188, and include elgmenls of enlgrlainmenl and 8nhoymenl, wllh the ovefall alm of conlrlbuury lo Ihe wellbelry prosperty of Sufiolk. Our vision Is for 8 counly communlty th81 fulty unders18nd5. valu8s and appr8ckq188 a sustainab18 agrkullural Induslry anil as an 0rganlsa1n be nISed as pwressNe. Influgnual 8nd reg8rdgd. Our purpo58 15 to èrtourk90 I11181& pctsitive 6ngag8m6nt bal4wn th8 and Ihosa working In food, larrning and Ihe counlryside. Page 4
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Lirnited by Guarante81 TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Oble¢tlvg8 and a¢tlvltl•8 l¢0ntlnu•dl b. Our Key StrBteglc Alrn8 In¢lud•: As 8n org8nis8tion'. lo ravse ¢xJr profib a$ e charily by b8lng a lorce 91 arKI central to 811 maltois locé, farmlng and the counlrys#le In Suffo. To buikl 8 dynamk and aTh1 mambership association wEth rglev8nc8 to 811 f8rm8rs and those 8ng8ged In Sullolk's rur818conomy. To hamèss th& commltrnenl and nlhuskgsm of our mgmbgr¥ ond wkntggr¥ to di¥Minale kn181$?9 and edub"on 8txJul Ic)d and IBrmthg. In Educatbn.. lo provijo f111lIe¢llIation for bamlry about IcK¥J. famil, th& cwnlryElde and der ènvlronrn8nt81 Is5ue5 enabllng Inform8d conOn bghveen Ic¥norroWs consumers and prcMJuc8rs. ancs lo conlrlbula 10 thè grovrth of Il rural through Insp parlkulgrly pun98r people 10 8xplor8 th8 dè rangè ol eare8rs the soclor offers. Through Ihg Suffdk Show la fLrndrnWr¥J gvgnt for Ih? Charltyl.. to conllThu8 lo be a 'b881 In cLgss' counly show whlch Is rèlevanl #nd Sps11ng lo a mL¥Jèrn irressirvjIY urbBn based con8umerfv16ttor. To a150 be a local polnl lor Ih8'Suffolk biarKf and promotè Iht countys cuIbJ. At Trlnlty Path.. lo managè èstèiè lo b8sI ÈthntBge to conlrfbLrt8 10 th8 lontemi financhl sU8¢alnablllly ol thè SAA, whlLsl ènhanclng the oslale Snlr8slructur• ar educational Bctlvilth. c. Publle b•n•flt The Trustees havè refèrrèd to Ihe gukjance conlahwd In Charfty Commlsskjn's general guldance on publlc n81il when r8V18wing their aims and obj8clNe5 and in planning thgir future 8cINil6. Th9 soclion onts'llod 'Achlevemenls 3nd Perform8nc9' belDW klentirS 8nd gxpl8Sns the varbus act11188 undorlakon, many tsl whlch are speclflc81ty dlrected al people In Suffolk. th a vth lo hanCing Ihelr knOwge aboul farmlrvJ and Ih& source ol their lood. To •nharw Ihi8 cNk1r•n uThJèr 15 h& bèèn warnillgd to Ihe Suffdk Show li ol charge 51nc8 2015. The SAA kn delfverfw the annu81 Suffolk la fuThJr86sty ent tha A580clalbn In 8UPPOrt gf rts core charil3bl8 purp0581 conlinu8s to wlh dilferent communi118s in th8 counly 8nd n8lion8lly lo offer free trade stand spac8, valued at £6,633 andlor granls lo orgaThisalion8 such a$ th8 Suffolk Young Farm6rs Club. Agaln th• Show welcomed members of the United Stales IUSI Alr Force w) work colL4borath'vely wlh Ih8ir UK unlerparls. The Show abo remembered Viclory Sn Europe and Wickny ln Japhn IVEIVJI by providing 8 $latlc dosplay ol pèrK)d v8hicl85 and as well a parade at tha oThJ ol th8 Sh(M wth c300 partlClP8nts.' the Lord Lleutenent ol S(01k look the saluie. PagB 5
SUFFOLK AGRICULTURAL ASSOCiATION IA Company Llmlted by Guaranttrol TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Aehlev8rn8nts and performancg R•vl•w of actlvlll85 Th8 AssoclIOn ran more educalkn act118. ow core purw$&, aimed at prirnary secondary schcA)I pupib thèn In thè weviou8 y88r. IncludlrvJ Agrfculhtral Appr8ti ol Ihg Y88r by Ellle Neal, Allied Apprentice ol thè Y8ar won by D8nld 8L8ckburn, and Ihe Rising Slar Award %wn by Indkq Trèmtsath wl)o Is èmplDyed by Frarn Farmers. Llsling of aclMtSes'. The Rising Slai SrnhIp A Volunteer Tralnlng e¥enlng- 9 ¥onteerS tr81n8d Tractors into SchooLs- 70 tractor6 Learn 8boJl Livestock . 4 Schools took&Y after a kirnb and 6 School F8rm Country Fair- 4,498 sludents Farming Sch(K)l ol Ihg Ye8r- Thg therno w86 Chlcken8 Sehool GBrdèn Cornpèlllon- 21 stht#)ls Th• Form Djgtovèryzono bt th8 Sl F&rmSng LIvo- Potatoès 8t th8 Show Agrlcullural Apprentice ol th& Ytsar Alllgd Apprenllce of Ihe Year The Food and F8rmlng Student D8y- 450 stnIS OulreBch d3.. Home Farm Naclon and Ch8d8crg In M8rch 2025 th8 SA4 kjlned I1h Frem F8m)8rs to host an onllnè brt•flrrfJ. Tho themg was 'Fleld ol Opporluni1168 In 8 Clim8t• ol ChBNJa'. In April the Asso¢Lglon held Its annual S¢1 Fwm and ctrY Fa* ISFCFI klmIng 4.498 up 581 from the ye8r before when 3.917 chlljren attended. In June 8 18rm vijit was organiwl over kn hundred primary School chlhlr8n. Page 6
SUFFOLK AGRICULTURAL ASSOCIAMON IA Company Lirnited by Guarantee) TRusfEES' REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Flnan¢l81 revl . Introductlon Suffolk Sh(yw. Th8 Bnnu81 county Sh(M was con8Kl8red a great su86 and very well supported by our volunleefs and vlsilors. WhIt there was a Illtltr rain and breeze Ihe condSll0Th5 were consid8r8(J perfectty reasonable lor the Show Ilhe pwecedln9 weeks had been extr8m8ty dry and hot, very diff8rent to the ye8r b8for81. Diligent annIa of 80 months ghead ol the event resulted wLurate lor8c86"j ol both income and expenditurè. Trfnlty Park Evènts Llmltad rrpELI Continu to Irade posllfvdy Bnd had a suc¢gsslul Chrlstmas Pgrty season. Th8 decision in Ihe pr8viou8 y88r lo IBke ¢81grirg back In house proved most 6ucc&ssful. Under thg18adershlp of Mr J8mes Sallows Ith8 sen Events Chfrll cosls were r8duc•d whilst quallty Improved. In BddltbDn lo the Slockmans dlnlNJ al the Show, whkh was provkJ&d In 2024 by TPEL. thè In hou88 C8t8rlry 188m took re5POn5ibilily for the SW stewards brK8fing. pre Show cockl811 party, 8118cttht486 in th8 main 8venl8 cerslre whi¢h included - Judges and Slewards dining. Presklenls lunches. th8 Coach1ng dlnner, Prèss and the post Show drlnks receplkn. In all TPEL dèlN6fed cS.800 swvings in supp)rt of th8 Show. As the in hou58 providgr, arnd as alf&ady lh8 easè vAlh bbts, nol oulsourclr¥J calwing Bclfvity m8anl the ch8rlty ben8fi18d frorn Ihe service ch8ro8d 'BI cost, unlike a Ihird parly comm8rclal provkyer who woukl naltsr8I 81m lo make B profll from the SAA cornrnlssioned actwibfrs. Overall the SAA saved c30% 01 what WDuld ha bèèn added to costs 11 oulsourced and th Improved olf6rlngs sJnlluntly 6kvAlod thè commartlal businès5 in turn the SAA, In thè yaar Truste86 look the decbbn to reduce Ihe overdraft mlmuM wllh our bank Irom £750,000 down lo £300,000 (saving £3.200 In 8nnu81 l•esl rgnocling tho gr88tly irnprov8d situation concemiFvJ cash,. Ihroughout th8 y88f th• Assodallon r8maln8d eash posNfv8 arKI Asplrès to aehlè¥è Ihè samè In th8 forthcornlng y88r8. Shcw VAT Irealmenl. Havlw conllnu8d to lake expert advSce the Tru$l898 conshjer th8 Suffolk Sh¢)w, whkh ralses funis lo support Ihe ,$ charilabb purpose. k oxernpl from VAT. In tho y88f thè aceounting m8thod 8ppli6d has agaln lo r818ln or Ml charge out th8 VAT 20% value 8gain5t 811 bul Ir8de818nd a¢llvlty. The High Court jucSJement irn favour of Yorkshire Agricultural Socl8ty olfers B d8ar reference polnl for us 8Dd other organisalKJn$ nstItuted in Ihe $8m8 way.. we conlinve to 8wail c1arilicalNconlorMat1tsn from HMRC Ihat wo are 8x8mpl thls lax. How8v8r, w• hav6 chang8d our disclosur& In the58 financkql st8lem8niS to recognlse b8nefil of Ihe s)W i*lThJ ex8rnpI Irom VAT 85 ar8 conlhlenl IhBt w8 wlll $wxeed. Further delalb can be found within notg 27. Trusltros agrogd in Juty lo adopt a polKy re volUter5 and Contraclual Aulhorily. This policy lirnils the 8billty ol volunleèrs to aulhori$e coThtracluaVfinanck41 commilmenls. Ir a silualbn arfses where 8 ¢ontr8cI or greerngnl ng¢essary. volunlger8 mu81 relef Ihe maller lo Ihe apppriate aulhorised personnel wllhin the Assocl81ion 8.0. A Board Tmslee. Dlrnctor or an thrsed member ol Ihfr permafiènl staff. Show S$nior Stewards are also consthred as appr(Wle patsonnel but ean onty ogm axp8ndltur8 wlthin Ih8lr agr?8d budgèts lor Ihair ara8 ol respOnsiblty. The AsSoclKITr remains very gratsful lo all the grant givers manyof thB event5 to be dBlivored. b. Operntlng reBuIts Total con501Klat8d incorne 8chi8V8d £4.251,030 (2024 - £3,531.625J. lot81 exwnditurg w85 £3,737,35912Q24- £3,825, 735). The SAA Maintair tight control over ils costs to ensure that il conbnues to offer value lor money. The SM'S corLsolKlaled babnce sheet remains strong wrth Thel assets of £12,043,314 (2024- £11,700.793), still provKling a secure base Ihe AsslaIm)n in Ihe fur8. Page 7
SUFFOLK AGRfcuLTURAL ASSOCIATION IA Company Llmlted by Guaranleel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 c. Capltal Investment The Associ8lioTr ¢oThtinu6s lo Invest kn capital 9Xnd11r& Ihat is Cessary discharglng its operatlons in an efficlenl manner. In Septembw a second sohr pangl syslèm was commlsslonod whlch aims to save c£30,000 par annum yèar over the lilt of sy4t•m130 811). Thè eawton Èenerrt IB 8XP8Ct8d lo 8qu8t8 to g Saving of 793 lon8 over 20 r8. d. Trlnlty Paik Events Llmltod ITPELI Tha Assock4lions 5P8ck858d con18r8ne8 and $v8nls cenlrg along wilh ihe signilic8nl outdoor 8P8¢9 8t Trinlty PBrk prowdes 8 V8hlc18 lo dNersify Irme for the Assock8tIn 1h Ihe aim of supporiirw ils charlt8bl8 act4vie8. Whilst food and drink Whos818 cosls continue lo aCe pr6SSUTe on maTn$ thg ho is that Inflalion w+ll raduca In the comlng year ond by taklNJ thfr catering back'ln h50. marglns hav8 Improvad. Enabllng TPEL lo do morè for th8 charity 8.g. cal&rlng al th8 annvAI Show pThkl88 8 wsiIWrtcreaslThJ finaJKl#l conlrlbuuon toward8 the evenl by reducing costs ove(all lo Ihe Associabon. o. Inv?•tmont propgrty Th8 iwo r85k18lltkg1 proper1k, ten#n18d L¥) 8 kjng-tgrm ba515, wgrg prof98$K)Mlty reviewed reg8rding Iheir m8rkel value. Th8y 8re carrd in th8 8aLqnce Sh88t al th8lr yearvgnd v81ug 01 £850,(W (2024- £845,000). Thls resulted in 8 sm811 gain of £5.000. Trustees made th8 deci$Tr. and supporteil by the SM Coltncil. lo soll Hoath L¢)dge lone ol the rented reshjontI propedl8s) and hokl tho funds In Rès6rv&s. p0sblY 10 Invast Irb forlhcomlf¥J capllal prolgcls. It's planned lo mawkel th8 WOP8rfy for In 2026. t. Inv•itm•nts Th6 Assoclatbn has a FQrtlolkJ of In¥e8tments whlch w88 ortrJlnalty ostsblbh8d 1M th• PrOd5 ol 8aK ol porllon5 of L4nd, Ihe blgg8sI b81ng In 2001. Th8 inveslm8nls &r8 hekl lo provlde a relurn on Ih8 As319140n' retained res8rve5, and lo g8nef3le COme for It5 princip81 charitabl8 8clivi118s. The As8oci81ion's poll¢y is lo appoint 8uthorise(J, professKJnal inveslment m8rsagers who are regul818d by the FCA lo manage Its porlfolio, and th& Trustee Board has delegated Inveslrnent deusions ted to Its rt1(Al0 to its Inve5trnenl Cornmlllee. Thè Irwe5tm8nt oblectiV8 over a Ihr88-year horizon has b8an lo g8ner818 8 total 8nnu81 return of 3.5% above Ihe Consum8r Price Index ICPII lin th8 finaThci81 r8POrtiw perK)d, th8 manag8d rKJrtlolkJ rn8de total realls8d and unre8lised108ses of E176.150 comp8red wrfh a gain of £404.454 In 20241. CCLA conlinuès to b8 Asscthtion's Invosbi)ant Manr. The SM Invested In the CCLA'S COIF Charfti8s Inveslmenl Fund and the CCLA DeF)stt Fund to kjld Ik4ukl funds. The CCLA COIF Charilies Inveslment Fund had 8pproximalety £3.664m ol assets under managamenl as of 30 Sept8mb8r 2025 and dunro tho (to 30 Saptember 20251 Ihe SAA5 CCLA portfolD returned 8 loss 01 1% (2024- 98in of 6.5%J. The Assoclallon conunues to have holdiros in ts4rJ col*ctfve In¥eslment schemes branded Schroder Prfvate Equity Fund ol Funds ISPEFOFI which are in the process ol cthing &nd paying back funds to investors. The IM) SPEFOF funds made di5tributitsThs during Ihe yvar lolalling £69,256 (2024 - £99,365) which were transferred to the CCLA Furld. Thtrre re unfealised k)s$9s Sn the porffolKJ 01 £114.077 (2024 gains 01 £404,615). Thp unrealised 105S CgmpaT8S the mark81 value of invgslrnents at the ygar erwj lo th8 value as al 30 September 2024. These Investments have not yet b8tn s(Ad. Pag8 8
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmlt•d by Guaranteè) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 g. Reserves pollcy AI 30 Seplernber 2025. tho AssocialK)n to181 fund5 01 £12.043,314 (2024- £11, T(,7931 comprising general lund5 of £7,232,314 f2024 £7,006,793) and designated funds of £4,811.000 (2024 £4.694.QOO). The As8oci8lion nDI hohl any rn81ricted al 8rtherJwr end. Th8 Trus188s hBv8 Imwoved their rlsk management proces$. Th1& enables Ihe Asswlalion lo ev8luate the polenli81 financial impact of 8 numbef ol specthc ri8k8 Cry6talhsing. Tho dosignatsd funds no reprasanl a g8n8ral fvA8d assel lund as Sn prh)r ar$. but arn usad fof uninsured risk man898rnenl pro18cllon. This was flrst dopteij In 2024 hnd the reserv85 ha been r8518ted lo refl8Ct the corr8cI opening posltion. Th8 Asso¢i8tKJn deckled to S6114Th8ure the annual Suffolk rathor than Snsure il vla a IhSr(I paty os had bgèn th& case lor several pasl years. Tho 2025 Suff(Ak Show tLK)k plac8 wilhoul incident an($ Iherefore th8 amount Sel asldè In 8 dèstrJnalod rèsefvè was £65.000 lequaliryj to tr wgmlurn quolgd lor Ihe year had In$ur8nce tjeen cornmlBsbnedl. ThiB deci8ion will be revwed 8nnu81ty. h. Rornun?rg¢lon polky- kgy m•nag•m•nt pornonn•l Thè Truateg Board (all unpolJl and approve of I1n9 IrwgBe8, Whe approprkg18, 84nnualty. l. Mork•t valu• of land and bulldlngs InclLKl8d In the fin8Thcl&l slatgm8nts, th8 lyr¥J 8nd buibJiro5 ar& stalgd al ¢95t to gnsurg thg¥e fln8ncial $latsm8nts aro ntst subject to snifican1 fluctu8tionB ol property markets. excep¢ lof Investmnt properlbs whlch are valwd al the alnd m8rkel Val by 8Th 8pproved 898nt. I, Charltabb contrlbutlon• É1,000 was •Xndt lrn support ol othtf tharflks f2024 - £4.019J. Charlugs 80 rgcelved £6,633 of Sufftjlk Show 5t8nds fr89 gf ¢h8rgg. structur81 govgman¢g and manog?mgnt
. Conltitutlon
The Suffolk Agriculluf81 Associalion 1$ 8 company limited by guarantèe arKI govamed by ils M8ffl0randum and Artidas ol As50Ciation datad 5 May 2021. Under S8clion 60 01 the Cornpante5 Act 2006 il is 8X8mpt from the requlrernenl lo use the WO 'limtl8d' after tts n8m8. N is wlstered 8$ a ch8ttty th Ihe Charw ComrnlssiDn. Sublect to the approval of the Trustees, MembehIP L8 open lo all and on 30 Sèplambar 2025 thaw wèrè 1.497 (2024- 1.514) memLwrs. each ol whom has ag{¢ io contrityjtè £1 In tha èvanl of th& Chèrity wlndlry up. Pagg 9
SUFFOLK AGRICULTURAL ASSOCIATION IA Company LlmKèd by Guarant8el TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Structure, governanct and management Icontlnuedl b. Tru5t89 Board The Trustee Bts8rd h8s control of, a1 reSpolbIlity for the assels. affalrs hryj genwBI pjlicy of the A0¢13110Th. 11 h85 bewe gight and twe indNiduals who are th8 Trus1 and DirtorS of the Associgliofi. Up lo t&Th rnembèrs of the Trustee Board arè nominaled by Ihe Nomin8iK)ns C(#nrnillee and rètir by Councll and m8y seN8 up lo two poriod5 01 thr8e y88rs and th8re81ter may sland for r&dectbn 8n 8nnuBI basi6 for a maxlmum ol four mor8 y8ars in lotsl. In 8ddllw. the Trus168 Bobrd may etsopt. up lo memb8rs ol th8 As50clatK)n to b8 Tiuslees. The Trustee Board musl matrt èt 188sl Ihn88 88ch yyar. In the year ondlrvJ 30 S•pltmboF 2025, the Tw$te8 8oard formalty m81 on 7 occp5Trs. A qwjrum for Tntsle• Bo8fd mtselN¥J5 is 50% gf its rn8mberB &nd (Jeclsions ar8 made by a sirnpb majority ol the tfr8 cast. The Trust6• 808rd opèratès through 58veral commltlees whkh report 10, 8nd are chalr8d by members ol. th• Trust88 808rd. Th¢$e commlttees are the EduCan Cornmrtte8 lch mg91$ ¢8 per yBar, tha Show Cornrnlllee, which meets at least liv6 lim•s a yaar And is rgsponsbb for Ihe organlsation ol th• SuHolk Show.. the Investment Commlltea, whlch èppjints ind8pendenl Inve6lm8nl managers lo monilor thè parformancg ol the porttolio mo91ing al 18asl 1c? p9r ye8r, Ihg Audit 8nd Ri8k Commilia&, whlch ffleels al 19881 twice a year. Th6 Board of Direclors of Ihg Assoclallon's wholly subsKliary. Trinlty Park Evenls Ltd ITPELI. mel one6 independently in lh6 &r In 8ddilv)n lo attonding tha SAMPEL ioinl Boarnl Meon9$. TPEL Board I ¢h8lred by th8 Ch8lirnan ol th• AssocLqlion. Tha Chityl Execullve contlnues lo provkje vnekty uFJal8 r•p)rts to bolh the Tnffjtees and TPEL Dlr8ctor6. C. Trust•e8' Inductkn Bnd Iralnlnq On 8ppoSntm8nl, Trustèes 8re provide(J ind1th tr8lnlng. Tnts16 r8c8fv8d update Iralnlng 88 lo m8llers ol rolavancè lo Ihe tharlty 58clor frorn thgir 8wlitrys and from the fntsleè r•Snsible for 9overn8nce, During Ihe year Koren Sharyè took ¢)vèr as Trèasurer and therefo handed ovar responsitthily lor Ch8ir of the audit an¢J risk committ0 lo Jarn8s Bl8c% and lor govern8ncelr18k Ma9m8nt to James Dinwiddy. d. Councll Councllls 8 forum for debate 8nd Ihe pdmary cham1 for erOuraging volunteers and ensuring the goodwlll and conlinuily ol the AssodalioTh. Council consisis of up to 60 elected members Icurrenlty 191. 7 co-opted rngmb&rB, 19 Honorary Liltr V8 Pr8sid8nts, 17 S8nk)r Stewards and the SAA TDJsle6s. Ethlad m8mber8 of Councll are Jminated by the Norninatior Comrnillee. approved al AGM and serve for an initk81 perKJd ol lfve yeBrs. The Tiustee Board consulb Courril on s¥Jnikant matters e.g. wweslment In new facHth88, chaThJes lo the oblocls of the AssodatK)n or thè pn8r815trategic rx*es ol the Assocbtion. P&ge 10
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmlted by Guaranloel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Slru¢ture, govemance and mbnagomont Icontlnued) •. Nomlnation5 commltlg Undèr the SAA'S Rules lh& Nomin8tK)n5 Commi1188 Is chal1 by a past Chblr of ts ASsocIaOn and Is indgpendent of both the Council and the Tntslee Btsard. Tho NomSnalons C¢mmilt88 compr05 Ihe Chair and: Four members ol Councll appoinl6d by th8 Sh(M Commilleg to incknlg the Shcw Dlr8Ctor', Two members ol Council apFM)intsd Irom Ihna lo timè by Counell- Two members of Councll 8pwlnted from Ilme lo tlme by the Twstee Board. TM Nomln8th)ns Commthèe resFon8ibkn for reC(MnmendI caThJhlales lof.. al m8mb8r8hip of Ihe Council. indudiro cNpted membtrrs, hnd ol th8 Tru51ee Board., bl Ihe appolntmènl ol th8 Chhlr 8ryJ Ihè Vkè Chalr, Ihe Tr888ur8r, th8 Presldfrnt E18Ct and the Horv)rary Lira Vlce Prosk18nts', and ¢1 8ndor$gmenl ol thg appointrnent of th6 Sfv)w Dlr8Ctor las r•commNlad by thg P8Bt Show Dlrector81. The NOM140ns Commi1188 also. on aft ènnval basis.. al asse5sos Iht perfo¥mance of th8 Char', bl monitor8 Ihg Trusteg 808r¢Ys revww ol 118 perf0M)a, 8•nkir m8ntrJ8mgnl ts•rn and ¢1 monllors the tralnlng ol Trust&&s. Thg I? and mgmbgrshlp of the NornlnalkJn6 Comrnltt8818 (#Jirnntty undor r#w. l. Truitè•#' Indemnltlos Th8 AsSoclI0n has purchasèd Ch8dty &rMI Cha¥lty Trust89s Indemnlty Insurance whlch prolecls tho Charlty 8nd Its subsidlary frorn bss 8ri8ing frorn Ihe glect or defaull ol Iheif Trusle8sIDlrtrclor$ and èmploy88S, 8nd Trus18e8lDlr8¢tor¥ from 51$ rf n8glig8rJce or dolaum Is YonOy&lW. g. Related rtIe Th6 As5ociatK)n, in Carrj oul its pri¥)81 activihes. ha6 undertaken tr8ns8clions with rèl&t8d partl&s. All Ir4nsaclon8 W8rg Carrled oul on an ami'6 knngth bas 8ThJ af• gummarts•d in thè not85 to the accounls. h. Rl8k m&nag•ment Thè Twstgos ttavè assas$ad Ihè rnai risks lo whKh ttle Group and the c8rty are exposed, ln particular thosè r81ated lo the operatlons and finar0$ ol Ihe Group aNI Ihe Charrfy, aNJ satlBfi8d Ihal sy8tem$, procedure8 8nd reserve5 are In to mN(gale exposure lo th8 rnBjor risks. Page11
SUFFOLK AGRICULTURAL ASSOCIATION IA Cornpany Llmlted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Structure, governance and manaotm•nt lcontlnuedl l. Govornanco The Trusleè Boord Is responsiblè for thè SAA'S a¢1e$. aNI d6cLsions on bll key issuès are taken by thè BoBrd. 11 has delegated some day lo d8y and moniloriThJ activitss lo the Show Comrnillge. the Education Committee, th& ALKlil and Rlsk Commrttee. the Inve$tmeTht Commlllee. and the Heath and Safety WorklrKJ Group. One rrusleè has bgen deswJnbled wilh tsversYJhl of Govefnance mhttats. Thg Bo8rd h88 over8vJhl of it8 eub$8ry. TPEL. IhroLyh Tr)inl Board me8tlng8 lh9)Ut th? ypar. and vl Trust885 who also slt on the TPEL Board. l. Voluntsers The ABsockqlkJn conlirrtA88 lo be vory gratelul lor the oulst8ndiry contrfbuth)n, Ic61KJ IndMdu816 durlng the year) ol particularty the non.Tru$lee commrttee members. Ihos8 on Council and the many individuals who provido support Bnd act as s18w&rds in thé sbJirrfJ ol 8nIs. partthrty tha Se1Kl F&m) and Ctyjnlry Fair &nd Suffolk Show. Stat•m•nt tsl Tru8t••s' r•spon8lbllltl•• The Trustees aro 81$0 th• thr•ctors ol the Ch8r4ty for lh8 purFK)88s of comp8ny 18wI 8r8 r8spon61bl8 for pr8P8ring th8 Trus18es' Reporl and lh8 financial 5l&l8rn8nl8 in accordance wth applicab Lgw 8nd Unlled Klrwjdom AccountiThJ Slandgrd8 lu1¥d Kingdom Ggnor81ty AePted AccounTra Pracbcel. company 18w requires th8 Trustees to PW8PBf8 fInaLs1 stalements for each financlal year. Undgr rnnY law. the Trustee$ rnust not Bpprove the fina[al s18lernenls unbss they arg 88tl$figd Ih8t they glve a true 8nd f&lr vlow ol the slate of 8ll&irs ol Ihe Group and th8 Ch8rity and ol th8lr incomSng r8sources and 8ppllcallon ol resources, Including Ihelr IoMe arKI eXPendUrè. lof thal pertr)d. ITh pparing Ihesa Ilnanclol slalemenls. Ihè Trusle8s Èrè requir8d to.. sOt $ultabl6 accounllNJ and tn apply th&m (xJnsktfrntw. ob$erye Ihe metld$ and prindpfes ol the Charl1 SORP IFRS 1021.. m8kg Iwlgmenls and ac¢oun11 8stirnales that ar8 reason8bb and pnKlgnt', 81818 whelh8r apPIab UK Acwjnting Standards IFRS 7021 have been lolbjwyd. 8ubi8Ct to any mBterl81 departur8s disck)$8d and expfoinod in Ihe financial statetnents., prsphrg th$ financlal slat•mènls on Ihe gofjrwj cor8m basis unbss St Is Inapproprl8to to prosum8 thal tha Group 11 contlnue Sn buslness. The Trustees are sponsItI for keeplng adequate accounYr#J records that a sufficlenl to show and explaln th8 Group and Ihe ChariW5 tr8n5acliot15 atvj dwk)58 th r8aSonab accuracy al any lifflg the linancial position of the Group and Ihe Charity and enab thern to ensure thal th8 fFn8ncial sl8tem8nls compty wrth th Comp8nles Acl 2006. They are 8kn responsi1 ror safeguarding Ihe 858ets ol the Group and the crItY 8nd hence for tak+ reasonab steps Ihe renti 8r¥l detedkn of Ir8tKI and other Irr89ul8rltles. Page 12
SUFFOLK AGRICULTURAL ASSOCIATION IA Ctsmpany Limited by Guaranto&1 TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Dlsc105ure of Inforniallon to 8udltors Each of the persons who are Trustees al Ihe Ilme vthan th* Twuslees, R8PX)rt 18 approv8d h88 confirmed that.. 50 f8r as Ih81 Trustee k8 awam. th8rg Is rgbv8nt infomall)n ol which th8 charlt&bltr group. alIOrS are unaware. and that Trust88 has tsken all the Steps that ought to have been iaken 88 8 Trustee In order lo be awaw or Any relevant audil Inlorm8tKJn and lo astsbhsh that the charit8b19 group's auditors ar8 aware ol Ihal nlorrnalion. ed by ordw of Ihe membefs ol thè t#Jard ol Truslees and sned on thelr behalf by: RJ Bak•r D8tè'. 28 J8nu8ry 2026 Page 13
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmlted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SUFFOLK AGRICULTURAL ASSOCIATION Oplnlon We hava aued the financlal statements of S(rflofrt Agrlcunural ASSoclI0n Ilhe 'parent chaTrtablg cxJmp3nVI 115 5ub51dl&ries Ilhe 'group'l lor the year ew¥Jed 30 September 2025 whkh compilse the Con501idaled S181ement of Fin8nci81 AclNits. the Con501Klaled B8Lgnce Sheet, the Charity 8a18nce Sheel, Ihe Consolid8led Slalement ol Cash Flows and the reLgted 195. including 8 surnm8ry ol sKJnifranl 8ccounbro Folics. The flnanclbl roporUNJ Iramowt>rk that has bow ap1 in Ih&lr preparalKsn Is appltablè and Unitod Klngdom Accounkn'ng Slandards. IJdi[¥J Financwl Reportit¥J St8Thtlard 102'The Financial Reporting Sland8rd applicab In the UK Ropublk ol Irel8Thf IUnlt8d Kinryk)m G8n8raltyAcc8p18d Accounliry Placce). In our oplnltsn tho finon¢k81 $t•tgmonts'. glv6 a Irue and lalr vlew ol slate of th8 Group's a1 ol the parenl chadtable comp8nls aff8lrs as al 30 September 2025 and of Ihe Group's incgming resources and applralion ol resourc9$. including ils incom8 and expendilure for the Ihen ended: have b88n prowty PT8pared In Xe0rdar wllh Unw Klngdom G8n8ralty Acc8Ptecl AOUntIng Pracllce., and have prgpared kn aretsrdane• wilh Il fyquiramanls of thè CLxnp8ns Act 2006 and th8 Charfl$ Ac12011. B••l¥ for oplnlon We conducted ouf audlt Sn accordBnce wAlh Intemallonal Standards on Audltlng IUKI IISAS IUKII gnd appllcabd kqw. Our re3ponsibililleB undgr those $t8ndards arg furth8r described in Ihg Auditors. re8ponsibllllig8 for the audll ol Ihe Ilnancial statements section ol wr report. We are independent ol the Group In 8ccord8nc8 th the ethlcal requir6manls that hre roknvanl to our audit ol Ihe financial statsmenls in Ihfr Unmed King(k)m, incIL[n9 th& Flnanclal R8porlirwJ Councifs Elhlcal SlaThdard, bnd wa hovè fuifilPdd our othèr alhSc81 rè$ptsnslbili11è5 In arxordance wilh these rgqulrgrn8nls. W8 belrdve that th8 audit evid8nc& hav8 obtained is suffici8nl 8nd approprlate to provlde a basls for our Wnkjn. Con¢lu$lgn4 relallng to golng concgm In auditing Ihe financial ststernenls, V4P h8ve ¢orKlJded th81 lh¢ Tru$to98' u89 ol going concern bas18 01 accountlng In the prephralioTr ol the financial $181ernenls L8 approprfat8. Based on the work we have perforrned. we h8ve nDI Identified 8Thy malerfal uncertalnlles re1811ng lo event$ or cOndItn9 Ihal, IndivK1ually or colkclNely. may c8s1 S011nI doubt on the GfOUP'$ or the panI charllabl8 cotnp8nl5 abil'ty lo Contin as a concem a pefbd of at *8s1 months from whan tho 1lntttbI 5t8lern8nls 8re authoed for is5U&. Our rèsponslblkllès and Iha r&Sph)nslthes ol the Trustees respect to Wtvd concem a described In thtr rglgvanl secb'ons of this re[rt. P8ge 14
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmltod by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SUFFOLK AGRICULTURAL ASSOCIATION ICONTINUEDI Othor Informatlon The other Informalion compri885 th8 inlormabon induded in the Annual ReFK)rt oth8r than th8 financ1 sl8temenls and our ALMlilors' Report thereon. The Trustees are s[)nSIble lor the olher Information conlalned wilhin Ihe Annuhl Report. Our On)n on the fffiarthl stat•m•nts doas cover thè other infortn8tion 8nd, 8xcgpt lo thè 8x18nt othei58 st818d in Dur r8fAIrt. we do rot express any lorm of 8S5ur8rsce concluSOn thereon. Our r86ponsilMIty is to r8Rd Ihe olhgr inlomi8tion and. tTh doing so, consthr whelhor tho olhgr Inlorm8tlon Is mAt8rh81ty inconslslent wth the fin8n¢ial statements w our krthilo(trJ& obt&lnod In the cours& tsl tho audll. or olh8rwlse appoars lo bo mat0rlty misslalod. Klenllfy such fflal8rl81 inconsk818nci88 or 8pp8renl maltrrial mis5ta18m8nls, we ale r8qulred lo determi whgther lh gwgs ri88 to 8 m8teri81 misslatemenl In tho Ilnanc181 slalemenls Ihomsefves. 11, based on the WO we have perlormed, we cOncde thai the Is a material rni$$tslemenl of Ihls olhef Inlofmalknn. are requlred to r6(th that fact. We have nothlro lo re)rt In th18 rrd. Oplnlon on othgr rnottgr• prn•crlb•d by ¢h¢ Comp•nh• A¢1 2006 In our oplnlon, based on the work und8rt8ken in the course of lh6 8LItt'. thfr Inlom)otknn gfv8n In th8 Tntsla8s' Rawt thg fmancial yegr for whi¢h the Ilngnckql st8lementB are prepared Is consistènt 1h tho fina1 stalamants. the Truslee8' Reporl has been prepar8d Sn accordarth th opplkabl8 I1 mulrèmts. Matt•r8 on whlch w• ar• r•qulrnd to rèport by •xe•ptFon In Ihe Ilght ol our knovABdgg atMI und8rstsndng of th8 charlI8b company and Its envlronmgnl gbtslned In th? eouisè ol Ihè audit, h8V8 t k18nllfi8d materkgl mis51aternen18 In the TnJsto9$' Report. W& have nothlng lo rnp)rt In fespoet of folkMlrvJ matl•ts In r81atlon to %thkh Compank8¥ Act 2006 requlres us lo rsport to if. In our q>lnK>n'. th& parent charllabkn compary has not ktspl adequatè and $uffici8nl accounting reeords, or relums adequate for our audll hav8 not bgen recelvad from br8mchos nol visited by us., or Ihe parent charitsble cornp8ny finaTrcW 618tements ofe not In 8grogmonl with thè accounting rècords and rglurnj,. or cért8ln di$ck)sure8 of Tru5tees' reMUra1 specKied by18w are not rn*' or we havè not recefved all Ihè inftKmaknn ar¥J expLgnatK)ns we requlre lor our audit,. or the Trust•6s r9 wl enliued to Prere the financral 51atem8nts in x(xJrdance wilh th8 8rnall companb regime and lake &dvanlage ol Ilw Small GOMpan5, axomptK)n5 in pr8parirvJ th& Tru518e5' Repori aTh from th6 roquifymont to pror& a Strategic RepDrt. Pagg 15
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmtted by Guarantoèl INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SUFFOLK AGRICULTURAL ASSOCIATION ICONTINUEDI R•sponslbllltl•s oltrust••• As explalThed more fulty Sn Iho Trust869' RtrspJnslb1Iti85 Stst8ment, Ihe TFus188s I0 ar8 Blso the dlr8Ctors of charitab comp8Thy lor the pU8S ol company Jaw) ar8 responsibb for the prep8rstk)n ol Ihe flnandal statements and lor being s8¢IN?d that Ihey give a Irue and I( view, aThJ lor $ch inlarn81 control 85 Ih Truslefys detormlne Ss necossary to tsnabb lh• FWOPOration of 16nancial slatèm8nt8 Ihat Bre Ir88 from ma18ri81 mL%slalement, vthether dua lo fraud or error. In preparlro Ihe flnanclal slatemen16, tho Trus1$ aw f•BFon5(bkd for a$5esslThJ Ihe Group's 8nd Ihg pargnt charitablè compèn15 ability to continua as a wing concern. dlscb)sin9, a6 appIable, mallers related lo going COnC8rn and uslTVJ the goiThJ concern bask8 of accTrI1ng unless th& Trustees elthor SnIeI lo liquidattr tha Group or the p8rgnl ch8rilable company iy Io c8a8e operatN)ns. or have no fèalislt hllomative bul lo do 50. Page 16
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llrnlted by Guaranleel INDEPENOENT AUDITORS. RepoRT TO THE MEMBERS OF SUFFOLK AGRICULTURAL ASSOCIATION ICONTINUEDI Audltors. re5ponslbllltlos for tho audlt of the flnan¢l¥l $tatsm•nts Our objectN88 are to obt8ln r88sonabb wuranco eboul whether the Imanci81 statem&rsts as a whole are free rrom mal8ri81 mlsstslemenl. whelber due to fra1 or error. a1 to Sssue an Audltors, Report Ihat Includes our opinbn. Reasonabl8 assurarTh is a high Val of A5sur8ncg, bul nol B gu8ranle8 Ih818n &udil conduclgd in accordanca wth Is IUKI wll ahvay5 de18cI a mat8ri81 mi8ststemfrnt when it exists. Mis$l818m8nls can arlse from fr8ud or 9rror and 8re considered maieri81 If. Nlua1 or In the aggregale, Ihoy could i&a$onably b expected to Influenc• lh• d•c10 of usws lak8n on basls ol Ih&se financ1 slotèmants. Irregularit8, Incl{Ing fraud. aro Inslarw of ncTrcomplhnc8 1h LM and regulatlons. Wa d8gkJn procoduras In Ilne wllh our tysponsl. lm[nod abov, to d&t8Ct matetkgl mi5s18tements In W8SFed of Irr8gul8rit18S. cluding fraud. The otyectlves ol oui audit In specI ol fraud ar•: lo thilify And #sse5S rtsks of m81811 rn15818tem8nt of th8 Ilnanclal slèl$manls due lo fraud,. to obtèin suNicient approprlBte alIt 8vkl8nce r8garding the a$8g$$ed rlsks ol m8terlal ml&8t8temgnt du? to frByd. thlough d¢sb3nlro and Impl&mentlrHJ 8pproprl8te responses to Ihose assessed r18ks,' and lo respond apprOpriale to Inslanc8s ol fraud or suspected fraud Id8ntSfiad durlng Ihè audit. However. th6 primary rtssponsibilty lor pravwtK)n and dal$cl or rraud rèsts with both the marnag8m8nl and thos8 ch8rg8d with govemarKg gf Ihg charitabkn ¢ompwby. Due lo lh6 li8kl in which th8 charilable company operat8s. wo h16nti tho aro08 most Ilkety lo hav& 8 dlraBI m81erlal impact on Ihè Ilnanclal slat•mlS as compNanc• th UK accovnliro standards, the Compan188 Act 2006 and Ihe Ch8flties Act 2011. In addllion. we cgnsklergd the proviqlons of oth8r 18ws and regul8llons whlch, whilst r¢ h8vlng 8 dlrect Impacl on th8 Ilnanclal slalemfrnts, are lundam8nlhl to the ch8fhabl& companws abllily lo operale Including heaNh and safety. empbynent aNJ complkqnco vark)S ouwr r8gulallon5 r81evanl to Ihe 0ratIon of th8 cha1rtab company. Our 8pproach to MYenlty"ng and assesslry Ihe rtsk ol m8l&rial missl8tement In respect of Irregular188 Includlno Iraud and non-comF4ianc• th Ihws ond r8gulatw)ng, included th8 Ioknw'. EnqUiry¢h m&nagem6Tht abcyjt any ac11 or pOtan"81 ltyaltjns and dalms wJ&lnst Itsè group.. Enqulry ¥th managemtrnl 8bwl any kTh)%w) or 6U6P8Ctod instsnc8s of non-complkgnca ¥Aih law8 gnd rggulallons 8nd Ir8vd', Revlewing legal and professthal fees; Revlewlng Board meeling mlnutes.. Reviewing th8 Risk Register., Reviewing fi8ncFal sla18mènt dlsckJsiw8s hnd tèsting to SUpprting docvm8nt8tJn to 85se5s comr4i8nce with opp1KalO laws and regulalions., Assesslng the risk of mBleial mksslatement of the fina81 statemenls. Includlng risk ol ma18rL41 rn1ss18temenl due to fraud and fKA tt ml•)t cwjr, by hc4diNJ dcUsS$ Ma98m0n1 aryj tIK)se charged whh govem8n¢e.' and AuditirvJ the risk of marsagem8nt o¥errKJ8 ol rDTrtrob, inrknlro Ihrough lesting of journal entr196 and other adjusknents for appropri81eness. Due lo the inh8r8nt 11rnitan5 of an audit. th8r8 8 risk Ihat W8 not delecl all irregularities, including those adirvJ lo a materi81 mi8sl8temenl in the financial slalements or rA)nmpl?nce wlh reguLqlion. This rL%k Increases the more Ihal compli8re wlth a or wulal*)n is moVed ffom the events aNS Iian58clions reflected in the financi&l stalem8nts. as 1885 likely to b8corne aw8re ol ins18nc8s of non-complk3nce. The risk is also greater regardi irreguLgritieS OCCUTrry due to fraud rather than error, as tra1 Snvofvgs Inlenlion81 conce81ment. forgery. collusKJn. omi8SKJn mL8represeThtsDC. Pa 17
SUFFOLK AGRuLTURAL ASSOCIATION IA Company Llmlted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SUFFOLK AGRICULTURAL ASSOCIATION ICONTINUEDI A further deBcripllon ol our reswnslbSMtss for Ihe 8udtt ol the financial ststements Is thalad on the Fin8ncNql Reporl#YJ Council's w$bsi at: www.Irc.L¥ .ukl8 ditCsreS ns*Jihb"es. Thls dosctlplion fomis part ol our Auditors, Rwrt. U¥• ol our Mport This report is mad& solgty b th? thwitBbkn comp8nVB membern. as è bLKly, in accordafic8 wilh Chapter 3 of Part 16 ol tha Cornpankgs Act 2(KJ6, and to Ihe chadlabl& company5 tn1518es. as 8 body. P8rt 4 01 the CharS1ias (Accounls 8nd Reportsl RegulatSons 2LK)8. Our audit rk has b88n underf8k8n so tttal we mJh1 51818 lo the ch8rilabl8 companvs mèmbèrs thosè mattws we are raquired to $1816 to Ihem In an Auditors, Report 8nd lor no other purposo. To the lUI518X18nI perrni118d by law. do nol accapt or assurne ie5poThsibllity 10 8nyone other th&n th8 chari18blg rnpany tts members. as a bo(ty, lor our audit wrk, for thiB report, Of lor the opinlon$ we have formed. Joonne Fox BA FCA IS8nlor Statutory Audl¢orl lor anLI on behalf or BW Audbl Lld Ch8rt8red AccounlaThts Sl8lulory Audilor8 Bèrry & Warr8n 54 Thorpe Road Nomch NR1 1RY 28 January 2026 P8ge 18
SUFFOLK AGRICULTURAL ASSOCIATFON IA Company Llmlt¢d by Guaranteel CON50LIDATED STATEMENT OF FINANcL ACTIVITIES (INCORPORATING INCOME AND EXPENDITLIRE ACCOUNTI FOR THE YEAR ENDED 30 SEPTEMBER 2025 As resl&l&d Tol&l lunds 2024 Unre$trlct•d fund¥ 2025 Rts¢rl¢t funds 2025 Total lund8 2025 Not• Incomo from.. Donatlons and kgac Ch8rilabl8 8cliwli8s Olh8r ldir¥j aclwil Inveslfflenls Exceptional Incom 243.819 2.085,793 1.306.305 135.850 435,203 243.819 2,129.853 1,306,305 135.850 435.203 189,313 1.846,209 1,334,928 161. 175 44,060 Total Ineomo 4.206.970 44,060 4,251,030 3,531,625 Exp•ndltur• on.. R8ising funds Charit#b aclivi11è8 895.443 2.797.856 805,443 2.841.916 944.T96 2,880,939 10 44.060 Totsl ?xpgndltur• 3.693.299 44,060 3.737,359 3,825, 735 Ntrt Incomelloxpondlturel bFfor• n•t Iltsas86llg8ln8 on Invostmenls Net Ih)ss86Vgalns on InSIMnIS Not movemont In fundi 101* oth•r r•eognl$ed giln51llosseBI 513.671 {176,1501 513,671 1176,1501 (294, 110) 404.454 337,521 337,521 110,344 O¢h?r r•cognlsoil yaln81110$8••): Olh8r g81 5.000 Ngt movement In fvnd$ 342,521 342,521 110,344 R8cDn¢lllatlon tsf funds: Total funds brought lorna N8t Tnovem8nt in fvnds 11,700,793 342,521 11,700,793 342,$21 11.590,449 110,344 Tol81 fund8 carrled forward 12.043,314 12,043.314 11,700,793 The Consolidated Slaternenl of Fin8nclal AclfvleS an n$ aThJ rosses rwnlsed In the year. Th8 notes on w8s 25 to 50 form parl of th8S8 financial slatemerts. Page 19
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmlttrd by Guarant•9 REGISTERED NUMBER.- 01775897 CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2025 As rps181ed 2024 2025 Not• Flx•d oss•t• Tangibl8 85sets Inve8lmenls Inv981menl property 15 17 16 6,951,844 4,031.376 850,000 6.930, 114 4.207,45fj 845,000 11,B33,220 11.982,570 Currènt a8••ts Slocks Debtors Cash al bank and In hèr¥J 18 19 22,437 684,428 655,469 23.126 201,541 619.448 1,362,334 844, 115 Curr•nt Ilabllltl•s Credllorn.. arnounls laWrrfJ due wh1n one y•ar 1849,5521 (701,430) Nèt curr•nt •88•t8 512,782 142.685 Tot&1 188•t• cvrr•nt Il•bllltl•8 12,348,002 12, 125,255 Croditors., amounts l&lllng due allei more Ihgn ons yèar 21 1302,6861 1424,462) Total not a##èl• 12,043,314 11,700, T93 Chorlty funds Restricted fur8 unStrIct lunds 22 Oaslgnatèd funds General lund$ 4,811,000 7.232.314 4.694.000 7,t6,793 Tgtal unrestricted funds 12,043,314 11, 700,793 Total fund8 12,043,314 11.700.T93 Pag8 20
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Limited by Guarantee) REGISTERED NUMBER: 01775897 CONSOLIDATED BALANCE SHEET ICONTINUEDI AS AT 30 SEPTEMBER 2025 Tha Tru5te88 acknoedge restonsknltss cMpd vrilh Ihts roqulrernenls ol lh8 Acl with rgsp8cI to ac(xJunling r8(xJrds and pr8paraknn ol finar191 slatements. The finanual slatèm8nt$ lTrbVa bB•n prep8r8d In 8cr¥jrdar ¥ilh the proiA6th5 apablfr to 8nllt186 subl•ct to the 5rn811 compani8$ regirn8. clal stalemenls 8pwoved s1 au11 issue by Ihg Trustees slgned on thelr behatt by.. RJ Baker Ch81rma Dats.. 28 January 2026 Thg notes on pag66 25 10 SO part ol th880 ln&ncK41 stolemants. P8g8 21
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmltd by Guarantee) REGISTERED NUMBER- 01775B97 CHARITY BALANCE SHEET AS AT 30 SEPTEMBER 2025 As rèstated 2024 2025 Not• Flx8d assetB TarvJible a559ts Investments Investment propeity 1S 17 16 6,951.844 4431,378 850,000 6.930, 114 4,607,458 845,OOQ 12,233,222 12,382,572 Currènt 88s•t Debtors 19 560.944 601.831 124.259 587,741 Cash at bank and In hand 1.162.775 712,LlXI Current Ilabllltlo• Cr8dltorB.' Bmounls falllfVJ duè wlthln om y8ar 1946.1701 (796,650) N•t curr•nl a•$•¢• I Ilablll¢lg• 216,605 f84,650) Total as•ets l?•• curfgnl Ilabllltlos 12,449,827 12,297,922 Creditors.. amounts f8lliThJ dug after mor• than on8 year 21 1296,B551 (408,629) Total n•t •8$0ts 12,152,972 11.889,293 Char5ty funds ResIrle lundg Unrestrlcted lund$ Designaled lunds G8nèral funds 4,811,000 7,341,972 4,694.000 7, 195,293 Total unraslrictod luncts 12.1S2.972 17,889,293 Total funds 12,152,972 17,889,293 Pag8 22
SUFFOLK AGRICULTURAL ASSOCIATION IA company Llmlted by Guaranteel REGISTERED NUMBER.. 01775B97 CHARITY BALANCE SHEET ICONTINUEDI AS AT 30 SEPTEMBER 2025 Th6 Ch&ritys net mOV8ffl8nt ITh lund5 for Ihg y98r w86 £263,679 (2024 - £442,660) aller n81 10888$ on Inv8slmenls tsf £176,150 (2024- gBtn 01£4D4,454). The Tru$le8s a¢knowledge Ihelr loi comthNJ wth the ¥8qulrèmeThts ol thè Act wllh r8gP8Ct to accounting r8cords Bnd pr8parat oi financ1 518lements. The Ilnanolal $18tements have been prepared In accordanc• *lth thtr prthkhjns applICab b entIt8 sublècl lo the Small companlès r89Irnè. ncial ststemenls wpre approved a1 auknrmd lof by TNst•as and skJrAd on tholr bèhalf by.. RJ Bak•r Chalrrn8n Datè.. 28 January 2026 Th8 notes on pages 25 to SO lorm part ol thasa IlnarKlal stalemgnls. Page 23
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Lirnited by Guaranleel CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025 As r&s181ed 2024 2025 Cash flow8 from operating octlvitiejb N81 cash used In operaling 8ctI¥5 325.754 (32,481) ¢h now8 from Invostlng actlvltlo$ Dlvidends. interests and rents from inveslmgnts Purcha88 of tangible frrted as58ts Proceeds Irom sa ol knvestm•nls Purchase ol Inv8strnents 135,8S0 161. 175 1306.0951 (72,2g5) 69,280 5,432, ITI 169.3501 (4,113.063J N•t Cash luo•d Inypro¥ld•d by Inv•8tlno aCtlvl¢l•• 1170.3151 1,407,988 CAsh Ilows fltsm IIMn¢lng aetl¥lth• Repaymènts ol bOrroj 1119,4181 f102,247) N•t cash u8•d In flnan¢lng •cllvltt•• 1119,4181 1102,2471 Chang• In ea8h and •h •qufval•nt• In th• y•r C&sh arn1 tssh squanIS 81 bèglnnlw ol tl y•ar 36,021 1,273,260 619,448 (653,812) Ca8h thnd ¢88h •qulval•nt• at th• •nd olth• y•ar 655,469 679,448 Tho notes on gO$ 25 lo SO fomi parl of these fln81 slat•ments Page 24
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Lifflited by Gvarante81 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Genèral Infomatlon Sulfolk Agr¢cullural AssociatKJn is a private comp8ny limilgd by guarantee iThcNporal8d and domici18d in EnglaNI aNI Wales. reyistralioTh number 01T75897. The address ol the reglstered offlce Is Suffolk Agrkullural Asscthtbn. Trknlty Pth. F8llxstth Rothj. 1pSwh. IPJ 8UH. Accountlng pollcl88 2.1 Basls of pr•paratlon of Ilnanelal stst•mnts Th8 Suffdk Agricullural Association (the 'Ch8ritf ol Ihe 'A5soclatK)n' Is 8 company Ilmlted by guarantee incorpor8te(l in ELfind and )vfrrned by its M6morandum 8nd ArtEl8s of Assoclatbn dhlad 5 M8y 2021. UrKl6r Ssclion 60 01 Ihè Comphn6&$ Act 20061115 exempt Irom lh• requlremenl lo use the WO "limile(r 8ft8r its name. 11 l& re9lStergd B5 8 charity with th8 Chwity Cornmi85bn. Subjocl lo the approval ol the Trusl8os. memb&r6hip op8n to all and 8130 Septernter 2025 there were 1,497 (2024 - 1.514) membots. èach ol whom hos agreed to conlrfbute £1 In the event ol the ¢harlty wndlng up. The n&lur8 ol th6 ch&riWs op8r8tions and princip81 act118$ 8r8.'111 to promote and enccuraD8 the adv&nc•mtrnt Improvomenl Ihrough agthulture Ilncludlng loreslry. hortlcullure. food produclbn and all 811d occup8tK)nsl wheth8f through the d8velopm8nt o15kills and techniquas or rasearch, and Ihe dissemin8tKJn ol knowledge of such skills and techniques or r9398r¢h 85 to Ihe mplhod3 of husbandry and use ol sdèncè tho use ond dèvek)pmenl of agrfcultural implemenls and rnAehinery, Ihe applicati of 18nd man8gtrmenl, m•rketirffJ and etsnsorvation And the dèvelopmernl ol n8w agrlcullur81 products inclLKlir¥J renewables. 121 In pursuanc8 of Ihi5 purpose, lo hold r8gul8r 8grlcullurd 8how8 provbded Ih8t Ihe AsBocl8lkJn sh1 nol be otAlged to hold a show In any year If the Trust08 Board shall r8solvts olh6Ntso. Thg Ilnencl81 $t8lements h8¥9 been proporgd In 9)rdr ¥1h tho Charilw SQRP IFRS 1021- Accounting and Reportlng by Chariltes.. Ststemenl of RernMened Practice 8pplirable lo charltles prepariw Ihoii accounts in accorda6 wlh the FinarKial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leff8clive 1 January 20191. th8 Flnancial Rewrling St8ndard 8pplicable In the UK and Republic of Ireland IFRS 1021 and Ihe Companks Acl 2006. Suffolk Agricuttural AssociatK)n meals tho defin6tSon ol & pub¥c benefit entity under FRS 102. Assets and li8bililies are initially r8CnIS0d at hi51orKal cosl or tr8Tr5&1K¥n value unle59 olh8rw15& slat8d in the relevant 8c¢ounliro polry. The CoftsolklÈlod Stalemonl of Flnancl&l Acbwti8s ISOFAI and Consolidated Balanc8 Sheet eonsolkl8t8 the fiTh8nci81518temenls ol thè Ch&rity aThJ its 5ub5KJiary undert8kiThJ. The ie5u115 01 th subsidlaryare n8011&tod a Ilm by line basis. Thtr ChBrity has taken advanlagtr of th6 tsxempt alIty•d Uer section 408 01 Ihe Companitrs Aot 2CQ6 8nd h8s nol pre5enl8d ts (y•m S18temwt ol Fin8rt181 Acltvities in thtrsè fiThancibl ststern8nls. 2.2 Golng ¢on¢•m Th8 Trusl88s bgli8ve the gofjry CuleM n&tur& of prepgrntth ol these financlal stalem8TIt8 appropriate as no mater1 UncertainlS exl. This is Ihe resutt of the 8XlStenc8 of sufficient nveslments whlch a reajity rtralk8ab ajxl will en8bk the group io meet Ils habl1rtS as they lall due, for a perKKI ol at least twefve months Ifom the date of the skjnlrg of these fingncSal statements. Pagg 25
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmited by Guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlno pollch8 lcontlnuodl 2.3 Incomo All inc0rn8 is included in th8 Consdid819d Sl8temenl of Financ1 Activllles ISOFAI when th8 Charity Is galty enti118d to the income after any rfOrManCe co[Kliln5 have been met. the amount can be mèasured rellably and il pftsbable Ihat the ir0M8 wll be receNgd. Membèrs and V0 Pfosidents pay an annu815ub5Crtplk)n ar¥J may choJ5e 81 any ts'me to bg¢om6 a Lrf8 Membw or Lrfg Vl¢g Prèsldenl. Lle MemrshIp fggs arg ¢(ned over a pgrk)d 0120 &r$. In Ine vlth th& SORP IFRS1021. Ihè nolkwl finalè1 value of sethces provlded ty volunl•8rs Is not Incorporotod Into thasè flnandal statemgnts. Thoir contribuiKJn 18 recognlsod In the R8POrt of Ihg Trus18èS. Wh8re TrIC8S ar• proykjèd to the Charity as o donakn th91 norn)ally ba wrehasad from supp118rs, 11 rn8lerLql. these are recognwd In Income at thelr falr value 1h Ihèlr economlc ben8fil Is prob8ble, il c8n be measured r8lk8bly. and th8 Charity h85 conlrol over Ihe i19m. Fair value Is del8rminod based on Ihe Val ol tho gilt lo lh• Charily. For 8xamp18, the 8mounl lh8 Charity wouhl bg wllling lo pay In Ihtr opan mathel for SLKh f8cili¢ies and $ervK8s. A correspondiry arnounl 18 recognlsad Sn èxp8ndllur&. The oThly such 8erylces were made by vobjnloars And wèrè lrnm8t8rial In value. Income Irom IradlNJ aclMls Ir1S Income earned Irom knndr8ls1 events and IradlNJ acllvhle$ lo raise lund8 lor the Chgrily. In(x)me 18 recel¥ed In 8xchangg lor supplying gLY)d$ 8nd servlces lo raise funds and i8 recognlsed when 8nlilbm&nl has Lrrd. RecognS1ion of any IradlryJ Incom8 Invoiced In adyance lor evenls which 11 b8 h81d altgr Ihe gnd ol the financial yoar Is dolèrrèd until the event hes oceuty•d. A5 a result of ils inveslmeTrl in 60kgr pan6L8 In 2016 ar¥J 2025. Ihe A5SOCiBlion receives F88d-In-Tarfff Incorne gener81ed from the operatk)n ol Ilv)$0 $018r pan8Ls. The Feed•in.T8rlff Is 8 flxed fae paid by the goyemmerst lor eoch unil ol •l$ctrlty swctyauwl by Ihe PV p8nels. Thls incorn• Is accounl8d fgr on a rèe8i¥abl& b85. Investment Income Includes any dMd8nds and Inl$¥èsl Èamed Irom lh8 Inveslmenl FK)rtfolk). As il Is not Pfaclicable to thnlify invèslmenl management costs wllhln the Schroder Prfv&te Equlty Funds Tth r88sonab accuracy. ts kwestmenl I)me 16 reporled n8101 th68• eosis. The Ch8rity 8ts0 receSves nts1 Sncom6 from PfOP8r15 cv•m8d by it,. rentsl income is ¢09+Sd as th8 Chadtys rfght to recei paymanl is èstablished. Page 26
SUFFOLK AGRICULTURAL ASSOCIATION IA Company LSmlted by Guarant8el NOTES TO THE FINANCFAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng poll¢1 Icontlnu¢dl 2A Expondllur• Expenditura Ls reCL¥JnkS on an raL5 l>asis onctr lho Is a 18gal or constructive oblig&tlDn to trBnsfer economic b8n8fil to a thlrd party, it is probabl8 thal B transfor of econornlt bèntrflls bè reqUId In settment and Ihe amount of the obligation c8Th be m8asured reliably. Expenditure Is cla5511i8d by 8clNSly. Thts costs ol each aclfvity ar8 made up ol the totsl ot difecl costs and sh8red costs, incbJdSng support cos15 invofved In undertaking èach &ctwlty. Dlrect cosls allributsble to a single 8¢1iwly are alkled dire¢lly to th81 Bctivity. Shargd cosls which contribu18 to more than ontr aclfvlty and support cost6 which 8re rKIt allributsbl& to a slngb 8cliv4ty are 8PPOrtioned b8lw88n Ihose aclwilies on a basis consisttrnl wilh tho Ltso ol rosfNJr¢&s. Central staff costs are &lhxat8d on the basls of Ilm& sP8nt, and dèprsclalknn chargas olk)catéd on Ihè portbn ol tha assol's use. In th8 eurneTht y881 Ihè basLs ol ropc¥tlNJ of exnlIO has 088n r8vlMd lo mor8 accurately rell8Ct th8 costs behveen aeIN10$. Thè tomp8r8tivès ha bèèn am6ndtd to ba conskslent wlth thls appro8ch. Expandlluw on raising fuThJs includes on exp8ndfturo incurred by th8 Group to rai68 lunds for ils chBrllable purpos8s and IrKknle5 costs ol all fundralslrvJ aclNSllès avènts and Thon-chArllabl6 tradlro. Expendmure on charK8b18 ocIMb8B h Urred on dlreclly underlaklng the acllvitie8 vknkh fvrtr thg Group'$ oblectN8S. as w•ll as Any asthted SUPFth costs. Al oxp&rKllturo Is Incluslve of lryec0rabkn VAT. 2.5 P•nloni The Group oper&l8s a defined conldbutlon perk8k)n 8rt8ngement. whereby the group 8nd 115 51afl each lund schèmes managed by Ihlrtl paty pensh)n provklers. Ihe assets of whlch are held by the providers separ818ty from Ihe as5915 01 the group. Contribulior15 aro charged lo tho SOFA lor the year In which they arg Pab to Ihe schemes. The gP 8(k)p18d Aulo-Enrc4menl In rèSFéel of all rovant wnplwes, indudSrrfJ staff. wth effecl from 1 July 2014. 2.6 Tax•tlon The Charlty Is consldered lo pass the lesls sel txrt In PBr89rarth 1 Schedulg 6 of the Finance Act 2010 and Iherelorg il matsts lh¢ dafiniknn ol a chorilable compgny for UK corpor8lt)n tax purposes. Accordingly, the Charity i5 polenlialty 8xernpt frorn taxation In respecl of IOm8 or capital gaSns recelved within categorS covered by Chap18r 3 Parl 11 of the COrporan Tax Acl 2010 or Section 256 ol thè Taxation of Chargeable Galns Act 1992, to the extent that such inwme or gains are appli8d exclusiv8ty lo Charitab purkN). 2.7 Tanglbl? I1¥ ar%s•ts and depreclatlon TarvJiblg fixed assols cosbNJ £1.0(K) or moro are caprfatsed and recogni8ed wh8n future economic en8fil8 ara prLable and tho cctst or v8luB ol asset can bg measud fellably. Tanglble fixed assels a initialty recogned al cost. After recognition. under th8 C05t model, tangib fix8d ass8ts 8r8 tne85ured at C05t less accumulated deplath"On and any ac¢umulated impalrmenl sses. All costs incurred to brirvJ a laThJiblè fix8d assel Into tts InteIed orkIng condiNon Shou be included in the me8sur8m8nt of (x)st. Pag9 27
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Limited by Guatant•g NOTES TO THE FINMCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcles (cont1ndI 2.7 Tanglbl• flxed assets and dopr•ciatKtn l¢ontlnuodl Depr8C181k)n is charged 80 as 10 8lk¢8te th8 cast ol tsNjIb fixbd k58et5 18SS thgir resU81 value ovei Ihoir 6sllmalad usèful $. D8prec+8tion l¥ provlded on Ihe folky•Aw ba66S: freej showyround bJikliNJs - over 10 10 50 ar6 slraighl IiDe Motor Vèh5 - 8125% p9r 8Thnum reilu¢ing balanc Show9round equlpmenl. fi¥tur06. over 3 to 10 r8 strokdht ltr)è and fittlngs 2.B InvoBtmont¥ Th8 A860clatSon 8pwnts 868•t manggarn règv1al by the FCA lo m8n8ge Its knvestmenl porlfollo. Thè maiority ol thè pr01K) held in Ihe CCLA COIF Ch8ri11o$ Inveslmfrnl Fund, an opèn-andèd eolleclive investment SCM¢ approved by the Charity CommtssKJn &xdu5W81y for inv8slm?nl by eharllles. The AssocFalkn aL80 (vwns unlls In prlv8t• equrty lur¥Js managed by Schroders thal do not pay dndS ond aro In InveslmÈnts are re¢rMJnised initiHlly al lalr value. whh Is nom)alty the tr&nsact+on price exduding Irans8Ctbn costs. Subsequenlty, they ar8 maasur#d al falr VBlu& Ing their market v8lualKn as al 30 S6pt8mbor as advised by Ihè fjnvastmafit manayar, CCLA. The prfv8te equlty funds advlsed by Schroder & Co Ltd are vahJ8d as al the v8kn8lion d8te ck)se61 to 30 Septèmbèr. Rè8li$8d and nrealed galns or 105ses liom the respect@ sal6 and rMlualion of Snvastrnènls arè r8cogni88d In et g8lns I l)sse6) on In¥Mlments' in Ihe Statèmenl of Financial ActivlUe8. Thts Invèslmanl tho trthjing subsid6Bry IS valued al COBI. Currenl asset Investrnents are S$rt temi hhJhty liqukl Inv•slmanls and 8re held 81 lalr v8lue. These Include cash on dtrposil and cash oquNalBn15 wlh a rnalurity of19$6 Ih81 ono ar. 2.9 Investment property Investment propertles are me8sLwed at lak valu8 at exh repor dale th thbnges In falf valua rocognL8od as'othor gakn5' in th8 Sla18m8nl of FK81A¢Vrtle8. 2.10 sto¢k• Slocks are valued at th8 ol cost and net reali$8ble value after maklrwJ due allowance for obsolet8 and sk)w-movir*J 8tLth. G951 w bawy on the cost of pu¢ch8sa (trn & titst In. flrst out bas&. 2.110$btor8 Trude and other debtors ara r8cogni58d 81 th8 8elU8menl amount after any trade coUnt offèrèd. Prepayments are valu8d al the arn1 prepahl net of any trade dSscounts duo. 112 Cash at bAnk and In hand Cash at bgnk and in harhj in¢lude5 cash and short4frm) h¥Jhty INUIJ investments with 8 5hDrt rnalurity of three rnonlhs or less Irom the dale of acwisition orijpanlng of th8 d8posf( or similar acwunl. Page 28
SLIFFOLK AGRICULTURAL ASSOCIATION IA Cornpany Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 SEPTEMBER 2025 Accountlng pollcle$ Iconllnugdl 2.13 Llablllties and provision Liabllltiès are e09nL%ed when there is an Ob1Jati0n at th8 BaL8ncg Sh99¢ (J818 8$ 8 rgsult of a p851 8V8ril, it is prob8bl& that a transfar ol Ston tnèfft wrill bo r8qulred In s8itJ8m&nt, and the amount ol the settbmenl c8n b8 88tim3ted rdi8Y. Llablli1S are r•eLYJnlsed al the amwnl thal lh6 Charlty antwales tt 11 pay lo setlk8 Ihg dgbl or the 8mounl rt hBs roc8N8d 85 a(1vaed PaThents lor Ihè 5 or s•rvk•s It must provkle. PmvisK)ns are measured al the best eslim81e of Ihe amoun18 require(I 10 58tllg the oblwJ81ion. Where tho èffacl ol tha tlmo valL ol mcffi8y is mal6rrdl. the provbion Is based on the pr8B8nl value of th088 amounls. discounlgd al Iho pra-lax discount rai8 that r81c1S thè risks specllt to the liabllity. The unbwnding ol th& d¢)Unt is recogNsed in tho cons010d Stabrngnl of FI1 Actlvill8s as k Iln8neo cost. 2.14 Flnanclal In$trumgnts Gmup oniv h8s flnDnd61 assels and financlal lblIN8$ ol a klnd Ihal quallfy a8 b8sk flnancl41 InBlrumenl8. Basic linanclal Ir&lrum8nls arè inrtially r8cognis•d at transaction valuo and subsequent measured at their seltlgment valug Wrth gx¢ap'on ol bank loans ar8 subsfrquentty meosure(J at &mlSed cosl uslng the effectfve Inlere51 melw. 2.15 Fund ¥ccountlng G8nèral lunds a unreslrict•d fuThJs whkh are avallabb lor use 81 Ihe dl$cr8llon of th8 Trus18es In rurlherance of Ihe neral ObjIlV86 01 tha Group a1 which havo not boon deslgnated for other purpoBeS. DgsignAtad funds ec¥nFvtse unreslrictsd funds th81 been set 88hYe by the Tru81998 19 mltig8t8 Agaln&l potènli&l k)$1è5 81ising risks crystallsè. Rostricted fvnds are funds th are lo be used In acrxyd8nce wlh specwk restricts'on5 Imposèd by (ljnors or whh havtr ffjised by the GfOUP for pbrticular purposes. The Costs of r81slng and 8dmhisterfThJ such funds are charg8d against the fund. The hlm oThJ use ol each reslrfcled fund Is set out In Ihe noles lo Ihe linanck?I statements. Invèstmant Income. 8TrJ k)sses efe 8lhx8ted lo ts approprlale fu1. Page 29
SUFFOLK AGRICULTURAL ASSOCLATION IA Company Llmlted by Gu8ranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Crlticttl accountlng estlmat•8 ond areas oljudgrnont In th8 appli¢alion tsl Ihe Group'5 accounliro polcw. which are dB5crib8d kn note 2, Ihe Trusloes a required lo make judgernent5, estirn8te$ and assumptions about the carrwThJ arnounls ol a558ls end Ilabilillos that are not r88d[ 8pparenl from olher source5. The estimates and assockted assumptions are ba59d on historical 8xp8lt6nc8 ond oth8r factors Ihat 8r8 wTrshJered lo ba raVatIt. Aclu81 r88ulls may dlffer from thes& •stlmate6. Thè e511mates and underlyirrtj a$surnplk)ns ars fyvi8d on an DrvJoing basb. R8vK5ions to Bccounllnq 88tlrn8te8 ar8 iecogntsed In the rK)d in th8 e81kn816 Ls fovlsgd 11 the r8vL8lon affects only Ihat period. or in Ihè parlc%l of Ihe revbn and fuluT6 p8rfcJs il r8Vi5bTr alfecls both currenl and lulur rlods. The ludgemenls. esllmales aNI assumptions whkh have Sn[lan1 rlsk of causlng a rnptoriql adluslment to the carwng amount o18559ts and Ik8bililies are addrassod bgk)w' Investmgnt prop•rty Th8 valuatkjn ol th• Inveslmanl pr¢)F¢rls performod by a profèsskjn8lqua1fie1 organ16allon whlch, at thè y8Br erMI, offgr¥ 8 foir and re&8onabl8 Mark v81u8 18king 8cu)unl ol laclors. For furlhgr d818iL sèa nole 16. Income frorn dgno¢lon• and hyacl Unr•8trlcted fundi 2025 Total lund$ 2025 PA•mtr8hlp 18eS 243,819 243,819 Unmslri¢t8d lunds 2Q24 Tol81 lunds 2024 M8rnb8rshlp le88 789,313 189,313 Pag8 30
SUFFOLK AGRTCULTURAL AssocTION IA Company Llmlted by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Incom¢ from charltablo jdlvltl Unreittlctsd Ro8trl¢tod funds nds 2025 2025 Totsl funds 2025 Confgrgnco gnd educational Sulfolk Show Sncomo 21,070 2.064,723 44,060 65.130 2,064,723 2,085,793 44,060 2.129.853 Unrestrtct8d runds 2024 Restrkted funds 2024 Tol81 lunds 2024 C¢)nferenc6 8MI edycatknnal [rm¥ Suffolk Irwmg 97.917 1.701.224 47,(168 144,985 1,701,224 1.799, 141 47.068 1,846,209 Ineomo from other tMd5no 8etlvltlb* Incomo from non charltable tr¥dlng OCtlvl¢lgS Unre•trktod funds 2025 Totol funds 2025 Gross irtomg from Comm8fcial Tr&dfvJ Rental incc¥ne 1.286.759 19.546 1.286.759 19,546 1.306,305 1,306,305 Pag8 31
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from oth•r tradlng 01VItI05 Icontlnuedl Income from non charltablg tradlng a¢tbvltle$ Icontlnu•dl Unrestrlcled fund$ 2024 Tol&l fund8 2024 Gross Incom8 from Comm8rdal Tradbj Rental Incomo 1,314.528 20,400 1,314,528 20.400 1,334,928 1,334,928 Inv••tm•nt Incomg Unr••trlct•d fund 2025 Totsl fund¥ 2025 IrKome Irorn the CCLI Fund Bank alld other In18r¢sl 114,624 21,026 114,824 21,026 135,850 135,850 Unreslnclgd funds 2024 Tol81 lunds 2024 Income frorn the S8rasin EThknvments Fd IrKome from the Ruffer Total Return Fund Income from Ihe CCLA FurKI Bank and olh8r terest 25,645 9,387 125.960 183 25,645 9,387 125,960 783 161, 175 161, 175 Pa 32
SUFFOLK AGRICULTURAL ASSOCIATION IA Company LSmlled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Other incomlng resourc83 Unr•8trlct fund5 2025 Total lund$ 2025 Tolal fvnds 2024 Excaptronal orome 435.203 435,203 The exceptional [rme ab(wo b an amount bar* from HMRC for VAT. Fvrth8r d8la115 arè provkjèd In Th)16 27. Exp•ndlturg on rnl•lno funds CoBtN ol TaS8lng voluntary Sncorno Unr•8trlct•d fundi 2025 Total funds 2025 Rontsl cosls 3.340 3,340 Unreslrlcted lunds 2024 Total funds 2024 Rental costs Inv8slrnenl rnanaggr labs rnbal•d 3.704 (289) 3.704 (289) 3,475 3,415 Page 33
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmttod by Guaranleel NOTES TO THE FINANCLAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Eypendltur* on ralslng funds leontlnuedl othertradlng expenses Unrestrlcted lund$ 2025 TotHI lund8 2025 COBI ol sales Admink8lr8tbn eyn8es Slall costs 417,081 36,550 438,472 417,081 36,550 438.472 892,103 892,103 As rèst8ted Tol81 lunds 2024 URre51ricted lund$ 2024 Cosl ol $8168 Admlnlslrallon expeneo8 Slaff costs 519,945 34,852 386.584 519,945 34,852 386,584 941,381 941,381 10. An•tysls ol •xp•ndltur• on ¢harltabl• actlvltleB Sumrnary by fvnd typ Unrostrlct•d R•strletèd funds fund¥ 202S 2025 Total 2025 Sufkslk Shryw Educatxjn Centre 1.665,402 144,513 987.941 1,665,402 188,573 987,941 44.C60 2.797,856 44,060 2.841.916 Page 34
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmhtd by Guarant••l NOTES TO THE FINANCLAL STATEMENTS FOR THEYEAR ENDED 30 SEPTEMBER 2023 10. Analy$l$ of •xpon(Iltur• on ¢harflabl& actlvltl•g Icontlnu•dl Summary by fund typ8 Icontlnuedl Unro$lricl8d Rgstriclèd As resl818d funds funds Td81 2024 2024 2024 Sullolk Slb)w Educ8ts' SAA Ctrntrè 1,613.668 187,844 1,032.359 1,613,668 234,912 1.032,359 47.068 2.833.8T1 47,068 2,880,939 11. Analy81• Ol èxp•ndltur• by aetfvitl•• A¢livltl•s und?rtakgn dlr•¢tly 2025 Support costs 2025 Total fund8 2025 Sulfolk Sl EdatIOn SAA Cenl 1.S42,toJ 188,573 174.834 123,402 1,665,402 188,S73 987,941 813,107 1.905.407 936.509 2,841,916 ACliwlf undert8ken direGNy 2024 As r8Stat6d Total tunds 2024 Support Costs 2024 SuNDlk Sh( Educalon SAA Cgntre 1,518.231 234,912 154.275 95,437 1,613,668 234.912 1,032,359 8T8,084 1.907.418 973,521 2.B80.939 Page 35
SUFFOLK AGRICULTURAL ASSOCIATION IA Company L1rnd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 11. Anal1$ of èxptndlturo by ictlvltles Icontlnuodl Anaty$l8 ol dlrect co$t$ Sulfolk Show 2023 Total fund• 2025 Educatlon SAA Centr• 2025 2025 Sl&ll costs CoThlractors Di8pI8y8. judges end wze6 Olh8r show Costs Calertng 88nk ch&rge$ 241,466 782.219 230.981 130.320 100,466 56.548 ,418 174,834 512,718 782.219 323.136 130,320 100,466 56,548 2.155 1,542,000 188,573 174,834 1.905.407 As rgslaled Tolal lunds 2024 Suffolk Show 2024 Educ&llon SAA Contr 2024 2024 Sl8ff costs Contr8cI¢y8 DisplayE, judges ar priz8$ Olh8r show costs Catering 246,689 71T.564 22Q,363 192.387 141.228 91,394 153.199 491.282 717,564 384,95T 192,387 141,228 143,518 1.076 1.518,231 234.912 154.275 1.907,478 P809 36
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmlted by Guaranteel NOTES TO THE FINANCLAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 11. Anatysls of exp8ndlture by activ108 leontlnuodl An&ty818 olsupport co$ts Suffolk Show SAA Cèntr• 2025 2025 Totol lund$ 2025 DepTletn Tru518e 8nd staff gOra1 èxponsas Ropalrs and mainten8nco Show insuran¢e Offi¢9 ¢0¥ts Olhar Insur8W• Prolessbnal fees Conferentè ctr8 r8p6lrs Llght, heat and ral08 Bank Crge$ Oth8r 284,365 11,705 127,476 165,OCQI 46,942 51,109 33,494 73,099 199,644 4,820 45,453 284,365 1T,416 134.375 5.711 6,899 66.442 46,942 51,109 35,642 73,099 199.644 4,820 45,453 41,454 2.148 Irrecoverabkry VAT Bad 8nd doubfful debls 41.454 123,402 813,107 936.509 Pag8 37
SUFFOLK AGRICULTURAL ASSOCIATION IA Cornpany Llmlted by Guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 11. AnBIys1$ of exp&ndltur• by Actfvitlès Icontlnued) Analy815 01 sUPPOrt C08ts Icontlnugdl As resl818d Tolal funds 2024 Suff* Show SAA Centre 2024 2024 D8pr8clal Subscrlplions Repalrs and malntena Show insurance oirieo Olh8r insuranctr Profg38lon81 lee8 Conf•r6ncè cèntre r8palrs ghl, heal and ralas Bank ch8rg9$ Olhor Irrecoverable VAT 286,921 9,2T8 119.251 286.921 12,010 12T.092 66,601 46,057 43,050 51,337 20,792 193,966 48,330 59, 123 26,242 2,732 7,841 56.601 21 46.036 43,050 51,337 20,792 193,966 48,330 59.123 28,242 95,437 8T8.084 gT3,521 12. Audltors. rèmun•rallon 2025 2024 F888 Payable lo tho Charitys &L¥Jitor in respact ol.. Auditovs remuneratton= In respecl ol audit lor SAA Auditor's rnmuner81ion'. in re5pe¢l of audit servlces TPEL Audltors remunerolh)n- othaf non-aLKJil sèMc8S 12.750 6,800 13.65J 7,340 498 Page 38
SUFFOLK AGRICULTURAL ASSOCi4TION IA Cornpany Llrnlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 13. Stsff costs Group 2025 Gmup 2024 Charlty 2D25 Chanyy 2024 W89gs and 58lari8S Soclal sectsrlty cos18 CoTrtributw to d8fin8d contritNJlK n$ schemes 1,000.267 960.6QI 71.6T7 920.377 94,362 780,018 71,677 71.952 61, 183 71,952 61,183 1,166,581 1.093.461 1,086.691 912,878 The average number ol pefsorffj èmpw by I Charityilurtr¥J thè was 86 f01hS.. Group 2025 No. Group 2024 Ralsing lunds Charltable octbvities Governanc8 27 10 11 50 38 Thè numbèr ol èmpby•s 8mpWe b8nefNs lexckJdlrvJ empw perffjlon eostsl 8xea8d•d £60.000 was.. Group 2025 No. Group 2024 In Ihg band £80,001- £90.( In the band E90.¢X11- £100.OQ) Th8 k8y managemenl personnel ol the AssocLqlth ¢ons&ted of tha TDJsl6&s ond the Sgnlc m8n8gernent team. Th8 total empbyeo benofts of Ihe Ihree mwnbers of key man89gment P8rsonn81 was £222,929 (2024- £211.(9?. 14. Truste98' remuneratlon and èxwns•s During tha year. Trustegs recefvwl Bry r8mun8ration or olhtrr bgr*ffls (2024. £NIL). DurlThJ th8 yvdr and 30 Septemter 2025. Trustee experws h8¥e been irurred (2024- £NILJ. PAge 39
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmlted by Guaranteel NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 15. Tanplble flx8d a588t8 Group ond Charlty Freehold property Motor Flxtures and Oth•r flx•d vohlcleB ffttlno8 Total Cost or valuatkn Al 1 Oclober 2024 Ad(Illlons 10,799,726 213.936 1,093,429 92,159 44.309 11.946,964 306.09S At 30 Septèmber 2025 11.013,662 9,500 1.185.S88 44,309 12,253.059 D•pr8clatlon At 1 Octobèr 2024 Charge lor Ihe year 4280.192 140,521 6.232 317 728.426 143,527 5,016,850 284,365 At 30 Septeml)ef 2025 4,420,713 8.549 871,953 5,301,215 Ngt book valu• AI 30 S8pt•mtér 2025 6.592.949 951 313.635 44,309 6,961.844 AI 30 Seplemb8r2024 6,519.534 1.268 365,003 44,309 6,930, 114 Includ In tr8ehokt nd s1 tIkIng$ of Ihe Group and Charity L8 land at cost of £2,626,376 12024 - £2,620,376) whlch Is nol depreciqled. All18wJlbkn hssets Of Ihe Ch8rty are used lor charttabk8 purr66$. Tangible fixed assets have boon pledged as securty f Ik8bilibè$ of th8 Charity. These assets have slricled lille a5 d8fined wlhrn the Charilies Act oThJ kn Trsp8cI of 981 charges in favour of thg Group's baTrk6fs. P8gÈ 40
SUFFOLK AGRICULTURAL ASSOCLATtON IA Ctsmpany Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 16. Inv05trnent proporty Group ond chaTY Froghold Invè5tmont property Valuatlon Al 1 Oclober 2024 Surplus Dn rev8lualbTh 845,000 s.000 At 30 September 2025 850,000 Th8 2025 v8lualloTr has b88n made by th8 Tnt0&S 01 th• Charlty, on 8 falr value basls. laklng Inlo eonshltfaliort ol pfol8sshJnal advkt rtethod. 17. Flx•d a•8•t Inv•8tm•nts CCLA COIF Charltl8• Inv••tm•nt Fund Schrodgr Prlvalo E9uIty Fundi Total Group Cost or valuallon Al 1 October 2024 Addlllons DlsposaL8 Revalua.0n8 4,102.399 69,350 105.057 4,207.456 69,350 169,2801 1176.1501 169,2801 1176.1501 AI 30 S6plembor 2025 3.99S.599 35,777 4.031,376 The falr value of the CCLA Fund is detgrrnined by rgference trg Ihe nel asset value published daily by Ihe Inveslmènl Manager. The fair value of Ihe Schroder Private Equity Fund is delermtned by ference to net &5sel v&lue publtslwd quarttrrfy by Ihtr Investrnent Admintstrator. The Suffolk Agricultttr81 A5sttiation (Mvns 1{m of Ihe ordinary 5h8r8 C8pI181 of Trinity Park Events Llmhed (company number 033835191. 8 company InCorrated in Eroland and Wales, whlch arranges the lelling ol the Shwround and Trin(ty Park CoThference Centre for charllable 8nd Comme?1 6nIs. rha invèstment i% at cost. A summw ol thè subsidiarfs profit arKI bss account and balance sheet is d8taif8d in Ihi% mte. Pag8 41
SUFFOLK AGRICULTURAL ASSOCIATFON IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 17. Flxgd a4s•t In¥e8¢ments Icontlnuodl Inv•stm•nt CCLA COIF CharltleB 8ub51dlary Inv05tmont compony Fund 5chroder Prlvata Equlty Funds TDtttl Charlty Cost or valu8llon Al 1 Ocloi*r 2024 Addilions DIspo$818 R6vhluatlons 400,002 4,102,399 69,350 105,OS7 4,607,458 69,350 189.2801 1176,1501 169,2801 1176,1501 AI 30 Sepl8rnb8r 2025 400,002 3,995.59 35.777 4,431,3T8 Prlnclpal •ub•ldS)rkn• Th& lolb)wlNJ WOB 8 subshylary undortaklrvj ol Ihe Charlty.. Njmo Company nUMr R•glstorod offl¢? or prfnclpal Cla•• DI Holdlni plate of by•lnM• •hA Trlnlty Park Events Llmltgd 03383519 Trinrty Park. Ftrlixslo Road. I{tsWh. SLtffolÉ IP3 8UH Ordln8ry Ineluded In consolldatlon Yes The lTranCl fvsulls ol th8 subshjiary for y88r were.. Nam• Inme Exp•rKlltur• ProflVILoBS1 I Surplu81 IDollEItI foi the year Trinity Pa Events LSmtted 1,286,759 11.207.91n 78.W2 290,344 Page 42
SUFFOLK AGRICULTURAL ASSOCLATEON IA Company Llmlt¢d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 18. Stocks Group 2025 Group 2024 Bar and lotd stocks 22.437 23.726 Bar slocks Arè lor #tlM118$ of TPEL. Dèbtor• Group 2025 Gmup 2024 Charlty 2025 ClJArlly 2024 Du• wlthln on• y••r Tr8de dgblors Olhar dèbtors 238.026 424,387 22,015 83,599 94,479 23.463 115,197 424,387 21,360 6,317 94,479 23,463 Prep8yThents and 8ccrued Inrxjme 684,428 201.S4f 580,944 124,269 Crodltors: Amount6 f#lllng dug wlthln one year Group 2025 Group 2024 ChaTIty 2025 ChAnly 2024 Bank loans Trade crgditor8 Amoun15 OW8d lo group urK18rtakiNJs Olher laxalion and social security Olher crgdilors Accruals 8n(J dèl•rrad Sncom 104,143 192,792 tOl,787 51,433 94,143 157,695 319,44B 20,933 14.379 339.572 91, 78T 34,95T 327,712 17,702 18,826 305,666 77,097 14,379 461.141 78. f31 18.82fj 451,253 849,552 701,430 946.170 796,6 The bank bans ond 0rdraft hrè by means ol a Wl charge ovef th6 land and bU11n9$ at Trinity Park. The overdraft facifity of £3CKI.000 (2024 -. £750,10} rd r8p8Yab al c811. interest r6 P8y8ble IhereoTh al 2.25% over base rate. There are four h)ans. lh8 delaib of which are shown in rle 20. Pagg 43
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Group 2025 Group 24 Charity 2025 Charity 2024 Oefgrred IrKome at 1 Octobor 2024 Resource5 def8rred during the ar Amounts r81ea5ed frorn prev)uS pe1$ 150.000 256,009 111S,gS41 168,514 483,052 (501.566) 38,791 143.760 14,7451 69,254 66.800 197.263) 290,055 I50.0 177.806 38, 791 The Chaiws d818rred Income relBle8 to membwsNp èvènl Ineomg r¥cefved ITr aoance. the rern8indgr of the Groups d61erred incom6 wtrlèlas to amounts due in re8p8cl ol evenls taklng placg aller the ye8r.end but Invoke(I In advance. Llle membership fees are recognised over a pèriod 0120 y88rs, Al the y8ai-ènd and d•lorrsd lilg m$rnbgr¥hp totslled £34,045 (2024- £37.586). 21. Cr•dltors: Amount falllng du• aftèr moro thgn on• y•4r Group 2025 Gmup 2024 Charlty 2025 Charity 2024 Bonk b)ans 302,688 424,462 296.855 408,629 Includ9d wllhln Ih at¥)ve aro amounts fallng duè as lolbJwB: Group 2023 Gw 2024 Charlty 2025 Chortly 2024 Bth8•n one and two yO•T• Bank k)ans 94,976 195,595 89.143 185,595 B•tw••n two and Ilv• y•arn Bank bans 207.712 228.867 207,712 223,034 Over flvo yeaTB Th8 Group has Iwr bans. Th8 ltsst 8m 81 a VarAb rate wnlh knteresl charged at 0.8% (wèr base rate. The amount out51ar¥Jing on th858 loan5 W88 £375,998 (2024. £4T5,416J. Tha Group aL80 has hvo Bour Lrons tolallry £30.833 (3024- £50,833). The b8ns lexcludSng Ihe BnCe Back Loans) a s8cur8d by means of a I81 Charga ow tha land and t[hIng$ at Trinity Park. Pag8 44
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 202$ 22. S¢atorn8nt of funds statement ol fund•- current year Blne• At 30 Galn81 Sopt&mbgr {L05StIl 2025 Balonc? pt 1 October 2024 Transfers Inlout Incom• ExpondRur• Unr¢strl¢t•d funds Dè81gnat•d funds RIBk mSth3at lund 4,694.000 117,000 4,811,000 Ggner¥l fund• Gener81 Fund 7,006,793 4,206,970 13,693.2991 1117.0001 1171.1501 7,232,314 Total Unr••trkt•d funds 11.700,793 4,206,970 13.693.299) 1171.1501 12,043,314 Ro8trl¢tod funds R•stril8d FuThl 44.060 144,0601 Total of fund5 11,700.793 4,251,030 13,737,359) 1171,1501 12,043.314 R881rted lunds rBprgsgnt LtJn8tion¥ recgw lor Ihe SclK¥A Form & Country Falr, SW Gardens. Rlsing S18r Awsrd, Food & Fam Stlen1 Day and Rural F8cllitatots Training. All funds recelvod were spenl in lum dLbriry th8 ygw. Page 45
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Limlted by Guaranteel NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 22. Statement of funds l¢ontlnu•dl Statsment of funds - prbor year B818nc8 81 30 Gainsl S8Pt8mb8r (Loss&s? 2024 Balancg at 1 Oclober 2023 As rgsl8l&d Tr8nsl8rs Inwno Expendtlure Unr8Strlctgd funds Dg$1gnatgd fund• Rlsk mttWJ8tkJn lund 5,752,633 (286,921J f7TI,712) 4,694,000 Gon•ral lundo Genarnl Fund 5,837.816 3.484.551 (3,491,746) 771.712 404,454 7,006,793 Total Unre$trlct•d lunds 11,590,449 3.484,557 (3,7T8,667) 404,454 11, 7(X7, 793 R•strlct•d lund8 Rastrict8d Fund 47,068 (47.068) Total ol fundB 11,590,449 3.531,625 f3,82&736) 404,454 11,700,793 The Trust8es havo improvèd tlT risk m3nagernent FWSS. Th($ onables th8 As$ocialk)n to evaluatè the polential lina111 imp8¢1 of 8 numtrer ol specific risks cry5t8llistro. The deBlgnaled funds no longer repr8senl a general fr¥ed asset hJwKI B5 pfK)r but are used for unin5ur8d risk rn8n8gement proleclion. Thls was fwsl adopte(l in 2024 and the above note ha5 Len rest&18d to refle¢l tho corrèct OP8ning posllion. Page 46
SUFFOLK AGRICULTURAL ASSOCIAnON IA Company Llmlted by Guarante81 NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 23. Anaty$l$ of ngt o8$•ts between fund Analysls of net assets between funds. currnnt y••r Unrestrlctèd fund$ 2025 Total funds 202S TangIb flxtsd assets Flxed asset inveslments InlMon1 propgrty CurrèThl assèts Cr•dSlors due vllhln one Credbtors due In rnorg ong Jp8r 6,951,844 6.951.844 4.D31,376 4.031.376 850,000 850,000 1.362,334 1.362.334 1849,5521 1849,5521 1302.6881 1302,6881 Total 12,043,314 12,043,314 AnBtys1• of n•t a¥s•ts b•tw••n lunds. prlory•ar Unrgslrict8d funds 2024 TD181 fvnd8 2024 T8nglb18 lixe(l a858ts Flxed &8s6l Inveslmgnls Inveslmenl pwjerly Currgnt assets Credltors dua vrithln onè Credrtor6 due moro Ihen (Th 8.930.114 4,207,456 845,000 844.715 (701,430) {424.462} 6,930, 114 4,207,456 845,000 844, 115 (701,430) (424,462) Total 11.700.T93 11,700.T93 Page 47
SUFFOLK AGRICULTURAL ASSOCIATION IA Compèny Llmit8d by Guarant8el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Roconcill8¢lon of not movemont In funds lo n•t cash Ilow frorn operntlng a¢tlvltlg$ Group 2025 Group 2024 Net Income lor tho yèaf las per Statement of FInar181 Activiii88) 337.521 110,344 Aillu6tm•nts for.. Depr8¢i8lion charges IGaln5Vk)s898 or5 investments oldends, inlerasts and renls from irN851rngn18 Decreaselllncrè&s•l In stocks Ireas9 In d8blors Ira88* In cr8d6tor¥ 284,36S 176.150 1135,8501 689 1482,887) 145,76 286,921 (404,454J f161, 175J 1509) (60,457) 196,849 N•t ca•h provld•d byllused In) oporatlng a¢tlvttl•• 325,754 132,487) 25. Analy•l• ol cash and •h •qulval•nts Group Group As resl81gd 2025 2024 Cash In hoNI Nollce deposlts Iless than 3 months) 360,310 295,159 179,278 440, 170 Totol ¢8$h and c•$h •qulvahnts 65S,469 619,448 A prKJr year adjuslmenl has been made to Ihg fIn&rlS1 slalements to rellect Ihe chsh held at th& y88r- end. Page 48
SUFFOLK AGRICULTURAL ASSOCIATh)N IA Company Llmlted by Guarantee) NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 26. Analys1$ of ¢hang•$ In not dobt other non- At30 caBh September chang•8 2D25 October 2024 Cash flows Cash al bank and In hoThJ Debt due thin 1 ye8r D8bt du8 8lt8r 1 year 619,448 1101.78n 1424.462} 36.021 119,418 655,469 1121,7741 1104,1431 121.774 1302,6881 93,199 155.439 248,638 27. Ctsntlngent Ilabllltl•B FOlk)brj the Ti8r ono IT11 court rulirKJ Ihal Incomo d•rl¥8d by Ihè yo$hIre Agricultural Socl8ty IYASI Irom tho Gw81 Yothshlr6 Show Is exompl from VAT IYAS $ubmllt8d that thè Show met Ihtr condllbnl of balng a fundraislng ev8nl a5 891 out in ilgrn 12111. Group 12 S¢h 9 VATA 19941 Ihe SAA pr858nled its own gxemplion claim wth respect lo Suffolk Shrhv Ome. is currenlty b8ing reviewed 8nd ha8 tKJl yel bfr6n paid. Al Ihe dale of signiry thgse finond81 $t8temenl8 thg Tru8te8 8oaTd belKgves that an Infkjw ol economlc nelhs is probable and has therefore fecognlsed the VAT beTr8fit In line vllh Ihe clalm macl8. The valu• ol thè VAT bonalll lor 2019 10 2024 year is £544,004 Joss costs 01 £108,801. 8 n81 smounl of £435,203 whlch hos bsèn rèlo&¥¢d to Incomo In tho ¢urrgnt yoar gnd 1$ bglng Bhown as 9xpIlol. However, it Ss posslblo that th8 ruling applod to YAS not be &pplbd to SAA aThJ therefore thls amount, us a futhèr £222.271 ièLqling to 2025. coukl ed to be pa. 28. P•nilon commltm•nts Th8 group operate8 a defirnd conlribulK)n pensbn 8them8. The J68818 of the scherna arg k1 sep8r8tely from those ol Ihe oroup in an independently administered fund. The pension (ost Char ropwsonts contdbulions poyab by the group to the lund aThJ amounted lo £71,952 12024 - E57,2651. £nil12024 - £Alif) wor¥ payab to tha fvnd at th8 b$ne 8t1 data arwj arè Irad in credilors. othor Ilnanelthl eommltm•nt• The Charity 18 Part of 3 wup VAT registratirm aThJ Ih8r8fore i8 Wenbally liable lor VAT Ikqbililies of ils subsidiary. As al 30 Seplember 2025 rfs subs*lN8ry. Trinty Pwk Evenls MIted. owed £56.164 in VAT 12024- £&J,59I. Page 49
SUFFOLK AGRICULTURAL ASSOCIATION IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 30. R¢lat&d party tran8a¢¢lon8 l Trustoes arè ellhw annual or Imè Memb8rs or Prn8id8nts of th8 A8BOCi81K)n. In IdI.0n. Ihe folIcng trans1 occurred rolal8d parlies during Ihè r. Hr81crtbtklg8 Lld IEC Morton) . Vendlrvj machine svppkn - £1.629 LtAtIl 25 Fèbruary 2025 (2024- £3.546J. £Nil w8S OUt818ndiw 81 thg ar I24. £Nl. F G T8r & Son IJM Tavthl provklad se05 to Slhiw tot811.rg £5,525 (2024 - £5, 150) and copllal oqulpmant of £728 {2024- ENII). ÉNII was outstandiThJ al (2024- £NilJ. 8irketls IJM Dlm¥wJdyl provijed Wl sfrNices lotolling £1,311 (2024- £4, 1341. SBles were rnbde by TPEL lo Blrk61ts &mnI1j lo E8,327 (2024 - £N4J. ENil was oulst8ndiTra 91 year end (2024 . £NIII, Deba¢h Entorprws IEJ Kernball WOVKled h8ue 8eThkes lotslllryJ £520 (2024 - £520). Émil wa¥ outslandiThJ 8t Ihg ygar gnd12024- £NftlJ. Hollow Trees Fom) ISA Bondalll provklèd $tS tot#llng £2,235 (2024 £1,959). £NII was outstsndlrwJ al tho •ThJ12024. ENIIJ. Sa$ wrt made by TPEL to Suffdk Horse Soctety Bnd Wcx)dbridg9 Hors8 Show Socl&ty ITMP Donsworlhl amounting to £725 (2024- £NII) and £970 (2024 - £583J respe¢llvely. £72012024 . NII) and £444 (2024. £NIg was (ThjIng at tha ar •nd. The ch8rlly entered knlo a contra 8rr8r4Jemenl 1h Ipslch TMI Football cb. Under IhL8 agreernent. loolball club provhye a(fvertising setykes In exCng¥ fv a trade stand al th8 Suffolk Show. The charity e51imales thè falr valt ol tradè stand k) bt £12,600. No cash c¢)nskleraUgn was exchanged È8 Pert gf thb arranMen1. During tho year. Ihe Charity ch8ryBd £864,354 (2034 - £697,864) to TPEL for s18ff COBIS. rent81 income And ManMnI charges. TPEL madè a numb8r ol cash transfers lo the Charity vkg the Intercompany an account. Th8 net balance oknyd by the tharty lo TPEL 81 Ihe yp8r end w8s £319,448 (2024 - £327, 741). PagB 50