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 DET￿Ls 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 DIT￿lOr (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 D8￿te5 mgmbgr8hip gf Ihg Invgslmenl Commille8 INI Denot￿ m8rnb8rship of the NomlnBlion8 Cornmilteg
IE) Denot86 rngmber6hlp ol the Ed￿0110￿ 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 Ass￿19t￿ln. 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 ￿U￿gOr 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 p￿en1 their annual report koelher wlh the wyiled r*fygr￿k￿l 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 Re￿rt 8nd fin8nci81 sts18m8nls of
the charltable company comply wlh Ihe CU￿8nt 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. R6￿rtI Regulat￿n6 2013 has been ornllled.
Obloctlvo• and a¢tlvltl•o
. Charltabl• olm•
The objecls ol Suffolk AgricJJtturo1 As5￿181k)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 disseminat￿n of kn￿￿edge of S￿h 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. ma￿etIng and consorv8110Th aThJ tho davekJpm8nl ol now
agricultural Prod￿ts includlry r8n9Wab￿S.
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 A5soCLgl￿Th 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 S￿h 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 0rganlsa1￿n be ￿nISed as pwressNe. Influgnual 8nd reg8rdgd.
Our purpo58 15 to èrtourk90 I￿11181& pctsitive 6ngag8m6nt bal4*wn 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 9￿1 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 kn￿￿181$?9 and edu￿b"on 8txJul Ic*)d and
IBrmthg.
In Educatbn.. lo provijo f￿111￿lIe¢llIation for bamlry about IcK¥J. famil￿, th& cwnlryElde and ￿der
ènvlronrn8nt81 Is5ue5 enabllng Inform8d con￿￿On bghveen Ic¥norroWs consumers and prcMJuc8rs. ancs lo
conlrlbula 10 thè grovrth of Il* rural through Insp￿ parlkulgrly pun98r people 10 8xplor8 th8
dè rangè ol eare8rs the soclor offers.
Through Ihg Suffdk Show la fLrndrnWr¥J gvgnt for Ih? Charltyl.. to conllThu8 lo be a 'b881 In cLgss' counly
show whlch Is rèlevanl #nd Sp￿s11ng lo a mL¥Jèrn ir￿ressirvjIY urbBn based con8umerfv16ttor. To a150
be a local polnl lor Ih8'Suffolk biarKf and promotè Iht countys cuIbJ￿.
At Trlnlty Path.. lo managè èstèiè lo b8sI ÈthntBge to conlrfbLrt8 10 th8 lon*temi financhl sU8¢alnablllly
ol thè SAA, whlLsl ènhanclng the oslale Snlr8slructur• ar￿ educational Bctlvilth.
c. Publle b•n•flt
The Trustees havè refèrrèd to Ihe gukjance conlahwd In Charfty Commlsskjn's general guldance on publlc
n81il when r8V18wing their aims and obj8clNe5 and in planning thgir future 8cINil￿6. Th9 soclion onts'llod
'Achlevemenls 3nd Perform8nc9' belDW klentir￿S 8nd gxpl8Sns the varbus act￿11188 undorlakon, many tsl whlch
are speclflc81ty dlrected al people In Suffolk. ￿th a vth lo ￿hanCing Ihelr knOw￿￿ge aboul farmlrvJ and
Ih& source ol their lood. To •nharw* Ihi8 cNk1r•n uThJèr 15 h￿& bèèn warnillgd to Ihe Suffdk Show
li￿ ol charge 51nc8 2015.
The SAA kn delfverfw the annu81 Suffolk la fuThJr86sty e￿nt tha A580clalbn In 8UPPOrt gf rts core
charil3bl8 purp0581 conlinu8s to wlh dilferent communi118s in th8 counly 8nd n8lion8lly lo offer free trade
stand spac8, valued at £6,633 andlor granls lo orgaThisalion8 such a$ 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 Assoc￿lIOn ran more educalkn act1￿1￿8. ow core purw$&, aimed at prirnary secondary schcA)I pupib
thèn In thè weviou8 y88r. IncludlrvJ Agrfculhtral Appr8￿ti￿ 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 S￿￿rnhIp
A Volunteer Tralnlng e¥enlng- 9 ¥o￿nteerS 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 st￿nIS
OulreBch d3￿.. Home Farm Naclon and Ch8d8crg
In M8rch 2025 th8 SA4 kjlned I￿1h 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 c￿trY Fa* ISFCFI ￿k￿lmIng 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 su￿86 and very well supported by our
volunleefs and vlsilors. WhI￿t 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 ￿annI￿a 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 s*Jnlluntly 6kvAlod thè commartlal businès5 in turn the SAA,
In thè yaar Truste86 look the decbbn to reduce Ihe overdraft m￿lmuM 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$l898 conshjer th8 Suffolk Sh¢)w, whkh
ralses funi*s lo support Ihe ￿,$ 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 c1arilical￿NconlorMat1tsn 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 $wxeed. Further delalb can be
found within notg 27.
Trusltros agrogd in Juty lo adopt a ￿ polKy re volU￿te￿r5 and Contraclual Aulhorily. This policy lirnils the
8billty ol volunleèrs to aulhori$e coThtracluaVfinanck41 commilmenls. Ir a silualbn arfses where 8 ¢ontr8cI or
greerngnl ￿ ng¢essary. volunlger8 mu81 relef Ihe maller lo Ihe app￿priate 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 respOnsib￿lty.
The AsSoc￿lKITr 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 Ass￿laIm)n in Ihe fu￿r8.
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 9X￿nd11￿r& 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 5P8ck8￿58d con18r8ne8 and $v8nls cenlrg along wilh ihe signilic8nl outdoor 8P8¢9 8t Trinlty
PBrk prowdes 8 V8hlc18 lo dNersify Ir￿me for the Assock8t￿In ￿1h Ihe aim of supporiirw ils charlt8bl8 act4vi￿e8.
Whilst food and drink Who￿s818 cosls continue lo ￿aCe pr6SSUTe on maT￿n$ thg ho￿ is that Inflalion w+ll raduca
In the comlng year ond by taklNJ thfr catering back'ln h￿50. 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$K)Mlty reviewed reg8rding Iheir
m8rkel value. Th8y 8re carr￿d in th8 8aLqnce Sh88t al th8lr yearvgnd v81ug 01 £850,(W (2024- £845,000). Thls
resulted in 8 sm811 gain of £5.000. Trustees made th8 deci$￿Tr. and supporteil by the SM Coltncil. lo soll Hoath
L¢)dge lone ol the rented reshjont￿I propedl8s) and hokl tho funds In Rès6rv&s. p0s￿blY 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 1￿M th• PrO￿d5 ol 8aK* ol
porllon5 of L4nd, Ihe blgg8sI b81ng In 2001. Th8 inveslm8nls &r8 hekl lo provlde a relurn on Ih8 As3￿19140n'￿
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 Man￿r.
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 I￿1n9 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
$latsm8nts aro ntst subject to s￿nifican1 fluctu8tionB ol property markets. excep¢ lof ￿ Investmnt
properlbs whlch are valwd al the ￿al￿nd m8rkel Val￿ by 8Th 8pproved 898nt.
I, Charltabb contrlbutlon•
É1,000 was •X￿ndt￿ lrn support ol othtf tharflks f2024 - £4.019J. Charlugs 8*0 rgcelved £6,633 of Sufftjlk
Show 5t8nds fr89 gf ¢h8rgg.
structur81 govgman¢g and manog?mgnt
#. Conltitutlon
The Suffolk Agriculluf81 Associalion 1$ 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, Membe￿hIP 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, a￿1 reSpo￿lbIlity for the assels. affalrs hryj genwBI pjlicy of the A￿0¢13110Th.
11 h85 be￿we￿ gight and twe￿ indNiduals who are th8 Trus1￿ and Dir￿torS 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$te8
8oard formalty m81 on 7 occp5￿Trs. A qwjrum for Tntsle• Bo8fd mtselN¥J5 is 50% gf its rn8mberB &nd (Jeclsions
ar8 made by a sirnpb majority ol the ￿tfr8 cast.
The Trust6• 808rd opèratès through 58veral commltlees whkh report 10, 8nd are chalr8d by members ol. th•
Trust88 808rd. Th¢$e commlttees are the EduCa￿n 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 Meo￿n9$. TPEL Board I
¢h8lred by th8 Ch8lirnan ol th• AssocLqlion.
Tha Chityl Execullve contlnues lo provkje vnekty uF*Jal8 r•p)rts to bolh the Tnffjtees and TPEL Dlr8ctor6.
C. Trust•e8' Inductk*n Bnd Iralnlnq
On 8ppoSntm8nl, Trustèes 8re provide(J ind￿1th tr8lnlng. Tnts16￿ r8c8fv8d update Iralnlng 88 lo m8llers ol
rolavancè lo Ihe tharlty 58clor frorn thgir 8wlitrys and from the fntsleè r•S￿nsible 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 Ma￿9￿m8nt to James Dinwiddy.
d. Councll
Councllls 8 forum for debate 8nd Ihe pdmary cham*1 for er￿Ouraging 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 V￿8 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 chal￿1 by a past Chblr of ts ASsocIa￿On and Is
indgpendent of both the Council and the Tntslee Btsard.
Tho NomSnalons C¢mmilt88 compr￿05 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$gmenl ol thg appointrnent of th6 Sfv)w Dlr8Ctor las r•comm*Nlad by thg P8Bt Show Dlrector81.
The NOM￿￿￿140ns Commi1188 also. on aft ènnval basis..
al asse5sos Iht perfo¥mance of th8 Cha*r',
bl monitor8 Ihg Trusteg 808r¢Ys revww ol 118 perf0M)a￿￿, 8•nkir m8ntrJ8mgnl ts•rn and
¢1 monllors the tralnlng ol Trust&&s.
Thg I￿? and mgmbgrshlp of the NornlnalkJn6 Comrnltt8818 (#Jirnntty undor r￿#w.
l. Truitè•#' Indemnltlos
Th8 AsSoc￿lI0n has purchasèd Ch8dty &rMI Cha¥lty Trust89s Indemnlty Insurance whlch prolecls tho Charlty 8nd
Its subsidlary frorn bss 8ri8ing frorn Ihe ￿glect or defaull ol Iheif Trusle8sIDlrtrclor$ and èmploy88S, 8nd
Trus18e8lDlr8¢tor¥ from ￿51$ rf n8glig8rJce or dolaum Is *YonOy&lW.
g. Related ￿rtIe*
Th6 As5ociatK)n, in Carr￿￿j 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$ad Ihè rnai￿ risks lo whKh ttle Group and the c￿8r￿ty are exposed, ln particular thosè
r81ated lo the operatlons and finar￿0$ 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¢1￿￿e$. aNI d6cLsions on bll key issuès are taken by thè BoBrd.
11 has delegated some day lo d8y and moniloriThJ activitss lo the Show Comrnillge. the Education Committee,
th& ALKlil and Rlsk Commrttee. the Inve$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$￿￿8ry. TPEL. IhroLyh Tr)inl Board me8tlng8 lh￿￿9￿)Ut th? ypar. and vl
Trust885 who also slt on the TPEL Board.
l. Voluntsers
The ABsockqlkJn conlirrtA88 lo be vory gratelul lor the oulst8ndiry contrfbuth)n, Ic61KJ IndMdu816 durlng
the year) ol particularty the non.Tru$lee commrttee members. Ihos8 on Council and the many individuals who
provido support Bnd act as s18w&rds in thé sbJirrfJ ol 8￿nIs. partth￿rty tha Se1K￿l F&m) and Ctyjnlry Fair &nd
Suffolk Show.
Stat•m•nt tsl Tru8t••s' r•spon8lbllltl••
The Trustees aro 81$0 th• thr•ctors ol the Ch8r4ty for lh8 purFK)88s of comp8ny 18wI 8r8 r8spon61bl8 for
pr8P8ring th8 Trus18es' Reporl and lh8 financial 5l&l8rn8nl8 in accordance wth applicab￿ Lgw 8nd Unlled
Klrwjdom AccountiThJ Slandgrd8 lu￿1¥d Kingdom Ggnor81ty A￿ePted Accoun￿Tra Pracbcel.
company 18w requires th8 Trustees to PW8PBf8 fIna￿Ls1 stalements for each financlal year. Undgr ￿rn￿nY law.
the Trustee$ 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 I￿oMe arKI eXPend￿Urè. lof thal pertr)d. ITh p￿paring Ihesa Ilnanclol slalemenls. Ihè
Trusle8s Èrè requir8d to..
sO￿t $ultabl6 accounllNJ and t￿n apply th&m (xJnsk*tfrntw.
ob$erye Ihe met￿ld$ and prindpfes ol the Charl1￿ SORP IFRS 1021..
m8kg Iwlgmenls and ac¢oun11￿ 8stirnales that ar8 reason8bb and pnKlgnt',
81818 whelh8r apPI￿ab￿ 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 cor*8m 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 c￿rItY 8nd
hence for tak+￿ reasonab￿ steps Ihe r￿￿enti￿ 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.
a￿lIOrS 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 s￿ned 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 au￿￿ed the financlal statements of S(rflofrt Agrlcunural ASSoc￿lI0n 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 AclNit*s. the Con501Klaled B8Lgnce Sheet, the Charity 8a18nce Sheel, Ihe Consolid8led
Slalement ol Cash Flows and the reLgted ￿195. including 8 surnm8ry ol sKJnifranl 8ccounbro Folic￿s. The
flnanclbl roporUNJ Iramowt>rk that has bow ap￿￿1 in Ih&lr preparalKsn Is appltablè and Unitod Klngdom
Accounkn'ng Slandards. I￿*Jdi[¥J Financwl Reportit¥J St8Thtlard 102'The Financial Reporting Sland8rd applicab
In the UK Ropublk ol Irel8Thf IUnlt8d Kinryk)m G8n8raltyAcc8p18d Accounliry Plac￿ce).
In our oplnltsn tho finon¢k81 $t•tgmonts'.
glv6 a Irue and lalr vlew ol ￿ slate of th8 Group's a￿1 ol the parenl chadtable comp8nls aff8lrs as al 30
September 2025 and of Ihe Group's incgming resources and applralion ol resourc9$. including ils incom8
and expendilure for the Ihen ended:
have b88n prowty PT8pared In Xe0rdar￿ wllh Unw Klngdom G8n8ralty Acc8Ptecl A￿OUntIng
Pracllce., and
have prgpared kn aretsrdane• wilh Il* fyquiramanls of thè CLxnp8n￿s 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 appllcab*d
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
cOndIt￿n9 Ihal, IndivK1ually or colkclNely. may c8s1 S￿011￿￿nI doubt on the GfOUP'$ or the pa￿nI charllabl8
cotnp8nl5 abil'ty lo Contin￿ as a concem a pefbd of at *8s1 months from whan tho 1lnttt￿bI
5t8lern8nls 8re autho￿￿ed for is5U&.
Our rèsponslblkllès and Iha r&Sph)ns￿lthes 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 financ￿1
sl8temenls and our ALMlilors' Report thereon. The Trustees are ￿s[￿)nSIble lor the olher Information conlalned
wilhin Ihe Annuhl Report. Our O￿n￿)n on the fffiarthl stat•m•nts doas cover thè other infortn8tion 8nd,
8xcgpt lo thè 8x18nt othe￿i58 st818d in Dur r8fAIrt. we do rot express any lorm of 8S5ur8rsce concluS￿On
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 mat0r￿lty 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 cOnc￿de 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 r￿rd.
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 8L*Itt'.
thfr Inlom)otknn gfv8n In th8 Tntsla8s' Rawt ￿ thg fmancial yegr for whi¢h the Ilngnckql st8lementB are
prepared Is consistènt ￿1h tho fina￿￿1 stalamants.
the Truslee8' Reporl has been prepar8d Sn accordarth ￿th opplkabl8 I￿￿1 mulrèm￿ts.
Matt•r8 on whlch w• ar• r•qulrnd to rèport by •xe•ptFon
In Ihe Ilght ol our knovABdgg atMI und8rstsnd*ng 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' reMU￿ra1￿ 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 Pre￿re the financral 51atem8nts in x(xJrdance wilh th8 8rnall companb
regime and lake &dvanlage ol Ilw Small GOMpan￿5, axomptK)n5 in pr8parirvJ th& Tru518e5' Repori aTh
from th6 roquifymont to pro￿r& 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 I￿0 ar8 Blso the dlr8Ctors of
charitab￿ comp8Thy lor the pU￿8S 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 appI￿able, mallers related lo going
COnC8rn and uslTVJ the goiThJ concern bask8 of acc￿TrI1ng unless th& Trustees elthor SnIe￿I 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 $tatsm•nts
Our objectN88 are to obt8ln r88sonabb wuranco eboul whether the Imanci81 statem&rsts as a whole are free
rrom mal8ri81 mlsstslemenl. whelber due to fra￿1 or error. a￿1 to Sssue an Audltors, Report Ihat Includes our
opinbn. Reasonabl8 assurarTh is a high ￿Val of A5sur8ncg, bul nol B gu8ranle8 Ih818n &udil conduclgd in
accordanca wth Is￿ IUKI wll ahvay5 de18cI a mat8ri81 mi8ststemfrnt when it exists. Mis$l818m8nls can arlse
from fr8ud or 9rror and 8re considered maieri81 If. ￿N￿lua1￿ or In the aggregale, Ihoy could i&a$onably b
expected to Influenc• lh• d•c*10￿ of usws lak8n on basls ol Ih&se financ￿1 slotèmants.
Irregularit￿8, Incl{￿Ing fraud. aro Inslarw of ncTrcomplhnc8 ￿1h LM and regulatlons. Wa d8gkJn procoduras
In Ilne wllh our tyspons￿l￿. lm￿[nod abov*, to d&t8Ct matetkgl mi5s18tements In W8SFed of Irr8gul8rit18S.
cluding fraud.
The otyectlves ol oui audit In ￿specI ol fraud ar•: lo thilify And #sse5S rtsks of m8181￿1 rn15818tem8nt of
th8 Ilnanclal slèl$manls due lo fraud,. to obtèin suNicient approprlBte a￿lIt 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$cl￿ or rraud rèsts with both the marnag8m8nl
and thos8 ch8rg8d with govemarKg gf Ihg charitabkn ¢ompwby.
Due lo lh6 li8kl in which th8 charilable company operat8s. wo h16nti￿ tho aro08 most Ilkety lo hav& 8 dlraBI
m81erlal impact on Ihè Ilnanclal slat•m￿lS as compNanc• ￿th UK accovnliro standards, the Compan188 Act
2006 and Ihe Ch8flties Act 2011. In addllion. we cgnsklergd the proviqlons of oth8r 18ws and regul8llons whlch,
whilst r￿¢ h8vlng 8 dlrect Impacl on th8 Ilnanclal slalemfrnts, are lundam8nlhl to the ch8fhabl& companws abllily
lo operale Including heaNh and safety. empbynent aNJ complkqnco vark)￿S ouwr r8gulallon5 r81evanl to
Ihe 0￿ratIon of th8 cha1rtab￿ company.
Our 8pproach to MYenlty"ng and assesslry Ihe rtsk ol m8l&rial missl8tement In respect of Irregular￿188 Includlno
Iraud and non-comF4ianc• ￿th Ihws ond r8gulatw)ng, included th8 Ioknw￿'.
EnqUiry￿¢h m&nagem6Tht abcyjt any ac1￿1 or pOtan￿"81 ltyaltjns and dalms wJ&lnst Itsè group..
Enqulry ¥￿th managemtrnl 8bwl any kTh)%w) or 6U6P8Ctod instsnc8s of non-complkgnca ¥Aih law8 gnd
rggulallons 8nd Ir8vd',
Revlewing legal and professthal fees;
Revlewlng Board meeling mlnutes..
Reviewing th8 Risk Register.,
Reviewing fi￿8ncFal sla18mènt dlsckJsiw8s hnd tèsting to SUpp￿rting docvm8nt8t￿Jn to 85se5s comr4i8nce
with opp1Kal￿O laws and regulalions.,
Assesslng the risk of mBlei*al mksslatement of the fina￿81 statemenls. Includlng risk ol ma18rL41
rn1ss18temenl due to fraud and fKA* tt ml•)t cwjr, by hc4diNJ d￿cUsS￿￿$ Ma￿98m0n1 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 11rnita￿n5 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)n￿￿mpl￿?nce wlh reguLqlion. This rL%k
Increases the more Ihal compli8r￿e 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 tra￿1 Snvofvgs
Inlenlion81 conce81ment. forgery. collusKJn. omi8SKJn ￿ mL8represeThtsDC￿.
Pa￿ 17

SUFFOLK AGR￿uLTURAL 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
ditC￿sreS
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 m￿Jh1 51818 lo the
ch8rilabl8 companvs mèmbèrs thosè mattws we are raquired to $1816 to Ihem In an Auditors, Report 8nd lor no
other purposo. To the lUI￿518X18nI perrni118d by law. ￿ do nol accapt or assurne ie5poThsibllity 10 8nyone other
th&n th8 chari18blg ￿rnpany tts members. as a bo(ty, lor our audit w￿rk, for thiB report, Of lor the opinlon$
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 FINANc￿L ACTIVITIES (INCORPORATING INCOME AND
EXPENDITLIRE ACCOUNTI
FOR THE YEAR ENDED 30 SEPTEMBER 2025
As resl&l&d
Tol&l
lunds
2024
Unre$trlct•d
fund¥
2025
Rts¢rl¢t
funds
2025
Total
lund8
2025
Not•
Incomo from..
Donatlons and kgac
Ch8rilabl8 8cliwli8s
Olh8r l￿dir¥j aclwil
Inveslfflenls
Exceptional Incom
243.819
2.085,793
1.306.305
135.850
435,203
243.819
2,129.853
1,306,305
135.850
435.203
189,313
1.846,209
1,334,928
161. 175
44,060
Total Ineomo
4.206.970
44,060
4,251,030
3,531,625
Exp•ndltur• on..
R8ising funds
Charit#b￿ aclivi11è8
895.443
2.797.856
805,443
2.841.916
944.T96
2,880,939
10
44.060
Totsl ?xpgndltur•
3.693.299
44,060
3.737,359
3,825, 735
Ntrt Incomelloxpondlturel bFfor• n•t
Iltsas86llg8ln8 on Invostmenls
Net Ih)ss86Vgalns on In￿SIM￿nIS
Not movemont In fundi ￿101* oth•r
r•eognl$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,$21
11.590,449
110,344
Tol81 fund8 carrled forward
12.043,314
12,043.314
11,700,793
The Consolidated Slaternenl of Fin8nclal Aclfvl￿eS an ￿n$ 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 w￿h1n 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 fur￿8
un￿StrIct￿ lunds
22
Oaslgnatèd funds
General lund$
4,811,000
7.232.314
4.694.000
7,t￿6,793
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 ackno￿edge restonsknltss c￿Mp￿d vrilh Ihts roqulrernenls ol lh8 Acl with rgsp8cI to
ac(xJunling r8(xJrds and pr8paraknn ol finar￿191 slatements.
The finanual slatèm8nt$ lTrbVa bB•n prep8r8d In 8cr¥jrdar￿ ¥*ilh the proiA6th5 ap￿￿ablfr to 8nllt186 subl•ct to
the 5rn811 compani8$ regirn8.
clal stalemenls 8pwoved s￿1 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 l*n&ncK41 stolemants.
P8g8 21

SUFFOLK AGRICULTURAL ASSOCIATION
IA Company Llmlt*d 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$0ts
12,152,972
11.889,293
Char5ty funds
ResIr￿le￿ lundg
Unrestrlcted lund$
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 financ￿1 518lements.
The Ilnanolal $18tements have been prepared In accordanc• *lth thtr prthkhjns applICab￿ b entIt￿8 sublècl lo
the Small companlès r89Irnè.
ncial ststemenls wpre approved a￿1 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 bOrro￿￿j
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 squ￿a￿nIS 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 fln8￿￿1 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. 1pSw￿h. 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 E￿Lfind 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 act￿118$ 8r8.'111 to promote and encc*uraD8 the
adv&nc•mtrnt Improvomenl Ihrough agthulture Ilncludlng loreslry. hortlcullure. food produclbn
and all 811￿d 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 sh￿1 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￿)rd￿r￿ ¥￿1h tho Charilw SQRP IFRS 1021-
Accounting and Reportlng by Chariltes.. Ststemenl of Re￿rnMen￿ed Practice 8pplirable lo charltles
prepariw Ihoii accounts in accorda￿6 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 r8C￿nIS0d 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 ￿n801￿1&tod a Ilm by line basis.
Thtr ChBrity has taken advanlagtr of th6 tsxempt￿ alIty•￿d U￿er 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 Cul￿eM n&tur& of prepgrntth ol these financlal stalem8TIt8
appropriate as no mater￿1 Uncertainl￿S ex￿l. This is Ihe resutt of the 8XlStenc8 of sufficient
nveslments whlch a￿ reajity rtralk8ab￿ ajxl will en8bk the group io meet Ils habl1rt￿S 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 Financ￿1 Activllles ISOFAI when th8 Charity
Is ￿galty enti118d to the income after any ￿rfOrManCe co[Klil￿n5 have been met. the amount can be
mèasured rellably and il pftsbable Ihat the ir￿0M8 wll be receNgd. Membèrs and V*0 Pfosidents
pay an annu815ub5Crtplk)n ar¥J may choJ5e 81 any ts'me to bg¢om6 a Lrf8 Membw or Lrfg Vl¢g
Prèsldenl. L*le Mem￿rshIp fggs arg ￿¢(￿n￿ed over a pgrk)d 0120 ￿&r$.
In Ine vlth th& SORP IFRS1021. Ihè nolkwl fina￿lè1 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 $ervK8s. A correspondiry arnounl 18
recognlsad Sn èxp8ndllur&. The oThly such 8erylces were made by vobjnloars And wèrè lrnm8t8rial In
value.
Income Irom IradlNJ aclMl*s Ir￿1￿￿S Income earned Irom knndr8ls1￿ events and IradlNJ acllvhle$
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 L￿￿rr*d. 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 $018r pan8Ls. The Feed•in.T8rlff Is 8 flxed fae paid by
the goyemmerst lor eoch unil ol •l$ctrl￿ty 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
T￿th r88sonab￿ accuracy. ts kwestmenl I￿)me 16 reporled n8101 th68• eosis.
The Ch8rity 8ts0 receSves ￿nts1 Sncom6 from PfOP8r1￿5 cv•m8d by it,. rentsl income is ￿¢09￿+S￿d 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 ￿r￿aL5 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
reqUI￿d In sett￿ment 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 alk￿led 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 ex￿n￿lI￿O has 088n r8vlMd lo mor8 accurately rell8Ct
th8 costs behveen aeIN1￿0$. Thè tomp8r8tivès ha￿ bèèn am6ndtd to ba conskslent wlth thls
appro8ch.
Expandlluw on raising fuThJs includes on exp8ndfturo incurred by th8 Group to rai68 lunds for ils
chBrllable purpos8s and IrKknle5 costs ol all fundralslrvJ aclNSllès avènts and Thon-chArllabl6 tradlro.
Expendmure on charK8b18 ocIMb8B h ￿Urred on dlreclly underlaklng the acllvitie8 vknkh fvrt￿r thg
Group'$ oblectN8S. as w•ll as Any as￿thted SUPFth costs.
Al oxp&rKllturo Is Incluslve of lryec0￿rabkn VAT.
2.5 P•n*loni
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 Pa￿b￿ to Ihe schemes. The g￿P 8(k)p18d Aulo-Enrc4menl In rèSFéel of all
ro￿vant 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 I￿Om8 or capital gaSns
recelved within categor￿S covered by Chap18r 3 Parl 11 of the COrpora￿n 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 prL*able and tho cctst or v8luB ol asset can bg measu￿d fellably.
Tanglble fixed assels a￿ initialty recogn￿ed al cost. After recognition. under th8 C05t model, tangib
fix8d ass8ts 8r8 tne85ured at C05t less accumulated dep￿lath"On and any ac¢umulated impalrmenl
sses. All costs incurred to brirvJ a laThJiblè fix8d assel Into tts Inte￿Ied ￿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 (cont1n￿dI
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 res￿U81 value
ovei Ihoir 6sllmalad usèful ￿$.
D8prec+8tion l¥ provlded on Ihe folky•Aw ba66S:
free￿￿j showyround bJikliNJs - over 10 10 50 ￿ar6 slraighl IiDe
Motor Vèh￿￿5
- 8125% p9r 8Thnum reilu¢ing balanc
Show9round equlpmenl. fi¥tur06. over 3 to 10 ￿r8 strokdht ltr)è
and fittlngs
2.B InvoBtmont¥
Th8 A860clatSon 8pwnts 868•t manggarn règv1al￿ by the FCA lo m8n8ge Its knvestmenl porlfollo.
Thè maiority ol thè p￿r01K) held in Ihe CCLA COIF Ch8ri11o$ Inveslmfrnl Fund, an opèn-andèd
eolleclive investment SC￿M¢ 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 d￿ndS ond aro In
InveslmÈnts are re¢rMJnised initiHlly al lalr value. wh*h Is nom)alty the tr&nsact+on price exduding
Irans8Ctbn costs. Subsequenlty, they ar8 maasur#d al falr VBlu& ￿Ing their market v8lualK*n 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$8d and
nreal￿ed galns or 105ses liom the respect￿@ sal6 and rMlualion of Snvastrnènls arè r8cogni88d In
et g8lns I l*)sse6) on In¥Mlments' in Ihe Statèmenl of Financial ActivlUe8.
Thts Invèslmanl tho trthjing subsid6Bry IS valued al COBI.
Currenl asset Investrnents are S￿$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 F￿￿￿K81A¢￿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 arn￿￿1 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 Ob1￿Jati0n at th8 BaL8ncg Sh99¢ (J818 8$ 8 rgsult of a p851
8V8ril, it is prob8bl& that a transfar ol Ston￿* t*nèfft wrill bo r8qulred In s8itJ8m&nt, and the amount
ol the settbmenl c8n b8 88tim3ted rdi8￿Y.
Llablli1￿S 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(1va￿ed Pa￿Thents 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 r81￿c1S thè risks specllt to the liabllity. The
unbwnding ol th& d￿¢￿)Unt is recogNsed in tho cons0￿￿10d Stabrngnl of FI￿￿￿￿1 Actlvill8s as k
Iln8neo cost.
2.14 Flnanclal In$trumgnts
Gmup oniv h8s flnDnd61 assels and financlal l￿blIN8$ 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 &m￿lSed 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 Obj￿IlV86 01 tha Group a￿1 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 wh￿h 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 fu￿1.
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 ra￿VatIt. Aclu81 r88ulls may
dlffer from thes& •stlmate6.
Thè e511mates and underlyirrtj a$surnplk)ns ars fyvi8**d on an DrvJoing basb. R8vK5ions to Bccounllnq
88tlrn8te8 ar8 iecogntsed In the ￿rK)d in th8 e81kn816 Ls fovlsgd 11 the r8vL8lon affects only Ihat
period. or in Ihè parlc%l of Ihe rev*bn and fuluT6 p8rfc*Js il r8Vi5bTr alfecls both currenl and lulur
rlods.
The ludgemenls. esllmales aNI assumptions whkh have S￿n[l￿an1 rlsk of causlng a rnptoriql adluslment
to the carwng amount o18559ts and Ik8bililies are addrassod bgk)w'
Investmgnt prop•rty
Th8 valuatkjn ol th• Inveslmanl pr¢)F¢rl*s ￿ performod by a profèsskjn8l￿qua1fie￿1 organ16allon whlch, at
thè y8Br erMI, offgr¥ 8 foir and re&8onabl8 Mark￿ v81u8 18king 8cu)unl ol laclors. For furlhgr d818iL
sèa nole 16.
Income frorn dgno¢lon• and hyacl
Unr•8trlcted
fundi
2025
Total
lund$
2025
PA•mt*r8hlp 18eS
243,819
243,819
Unmslri¢t8d
lunds
2Q24
Tol81
lunds
2024
M8rnb8rshlp le88
789,313
189,313
Pag8 30

SUFFOLK AGRTCULTURAL Assoc￿TION
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 [r￿m¥
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 0￿1VItI05 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 F￿d
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 or￿ome
435.203
435,203
The exceptional [r￿me 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
Ed￿atIOn
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
ACliwl￿f
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 L1rn￿d by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
11. Anal￿1$ 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 activ￿108 leontlnuodl
An&ty818 olsupport co$ts
Suffolk
Show SAA Cèntr•
2025
2025
Totol
lund$
2025
DepT￿let￿n
Tru518e 8nd staff gO￿ra1 èxponsas
Ropalrs and mainten8nco
Show insuran¢e
Offi¢9 ¢0¥ts
Olhar Insur8W•
Prolessbnal fees
Conferentè c￿tr8 r8p6lrs
Llght, heat and ral08
Bank C￿￿rge$
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 f01h￿S..
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 ir￿urred (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 valuatk*n
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 s￿1 t￿Ik*Ing$ 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 purr￿66$.
Tangible fixed assets have boon pledged as securty f￿ Ik8bilibè$ 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 chaT￿Y
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 Tn￿t0&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 InCor￿rated in Eroland and Wales, whlch
arranges the lelling ol the Shwround and Trin(ty Park CoThference Centre for charllable 8nd Comme￿￿?1
6￿nIs. 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
nUM￿r
R•glstorod offl¢? or prfnclpal Cla•• DI Holdlni
plate of by•lnM•
•hA
Trlnlty Park Events Llmltgd 03383519
Trinrty Park. Ftrlixslo￿ Road.
I{tsW￿h. SLtffolÉ IP3 8UH
Ordln8ry
Ineluded In
consolldatlon
Yes
The lTranC￿l fvsulls ol th8 subshjiary for y88r were..
Nam•
In￿me 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 0￿rdraft hrè by means ol a Wl charge ovef th6 land and bU1￿1n9$ at
Trinity Park. The overdraft facifity of £3CKI.000 (2024 -. £750,1￿0} 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 r￿le 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 pe￿￿1$
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 ao*ance. 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$rnbgr¥hp totslled £34,045 (2024- £37.586).
21. Cr•dltors: Amount* falllng du• aftèr moro thgn on• y•4r
Group
2025
Gmup
2024
Charlty
2025
Charity
2024
Bonk b)ans
302,688
424,462
296.855
408,629
Includ9d wllhln Ih at¥)ve aro amounts fallng duè as lolbJwB:
Group
2023
Gw
2024
Charlty
2025
Chortly
2024
Bth8•n one and two yO•T•
Bank k)ans
94,976
195,595
89.143
185,595
B•tw••n two and Ilv• y•arn
Bank bans
207.712
228.867
207,712
223,034
Over flvo yeaTB
Th8 Group has Iwr bans. Th8 ltsst 8m 81 a VarAb￿ rate wnlh knteresl charged at 0.8% (wèr base
rate. The amount out51ar¥Jing on th858 loan5 W88 £375,998 (2024. £4T5,416J.
Tha Group aL80 has hvo Bour￿ ￿ Lrons tolallry £30.833 (3024- £50,833).
The b8ns lexcludSng Ihe B￿nCe Back Loans) a￿ s8cur8d by means of a I￿81 Charga ow tha land and
t￿[h￿Ing$ 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
B*l*ne• 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
R881r￿ted lunds rBprgsgnt LtJn8tion¥ recgw lor Ihe SclK¥A Form & Country Falr, S￿W Gardens.
Rlsing S18r Awsrd, Food & Fam￿ St￿len1 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 t￿lT risk m3nagernent FWSS. Th($ onables th8 As$ocialk)n to evaluatè
the polential lina1￿1￿1 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 L￿en 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
In￿lMon1 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 FInar￿181 Activiii88)
337.521
110,344
Aillu6tm•nts for..
Depr8¢i8lion charges
IGaln5Vk)s898 or5 investments
o￿ldends, inlerasts and renls from irN851rngn18
Decreaselllncrè&s•l In stocks
I￿reas9 In d8blors
I￿ra88* 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&r￿lS1 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)b￿r￿j 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 9x￿pIlo￿l.
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￿ 8t*1 data arwj arè Ir￿ad 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 folIc￿ng trans￿1￿ occurred rolal8d parlies during Ihè ￿r.
Hr*81crtbtklg8 Lld IEC Morton) . Vendlrvj machine svppkn - £1.629 LtAtIl 25 Fèbruary 2025 (2024-
£3.546J. £Nil w8S OUt818ndiw 81 thg ￿ar I￿24. £N￿l.
F G T8￿r & Son IJM Tavthl provklad se￿￿05 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 &m￿nI1￿j lo E8,327 (2024 - £N4J. ENil was oulst8ndiTra 91 year end (2024 .
£NIII,
Deba¢h Entorprws IEJ Kernball WOVKled h8u*e 8eThkes lotslllryJ £520 (2024 - £520). Émil wa¥
outslandiThJ 8t Ihg ygar gnd12024- £NftlJ.
Hollow Trees Fom) ISA Bondalll provklèd $￿t*S tot#llng £2,235 (2024 £1,959). £NII was
outstsndlrwJ al tho •ThJ12024. ENIIJ.
Sa￿$ w*rt 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 Ips*lch TMI Football c￿b. Under IhL8 agreernent.
loolball club provhye a(fvertising setykes In exC￿ng¥ 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 arran￿Men1.
During tho year. Ihe Charity ch8ryBd £864,354 (2034 - £697,864) to TPEL for s18ff COBIS. rent81 income
And Man￿￿M￿nI 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