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2025-06-30-accounts

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RegisteredCharitynumber: 01716766number: 514080

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

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TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

:

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details ofthe Society 1-2
Trustees 1
Trustees’ Report 3-9
Independent Auditors’ Report on the Financial Statements 10-14
Consolidated Statement of Financial Activities 15
Consolidated Balance Sheet 16-17
Society Balance Sheet 18-19
Consolidated Statement ofCash Flows 20
NotestotheFinancialStatements 21-39

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

President for the Year Ending 30 June 2025:

Col Timothy S Richmond OBE TD DL (Hon)DBA

Deputy President:

Rt Hon Sir Mark S Spencer FRAgS

Immediate Past President:

Mr Robert H Sheldon MBE

Patrons:

Mrs J Farr MBE DL JP Hon DLitt Mr R M Stevenson OBE DL Hon LLD Hon MA

Chairman of the Council 2024/25

Mr R Jackson

Vice Chairman of the Council 2024/25

Mr C | Applewhite

Elected Members of the Council:

Mr A D Allen Mrs C Leggott Mr C | Applewhite Col R Merryweather TD DL Mr A Aspbury Lady H Nall Mrs C M Brown Mr D Pick Mr J P Brydon Mr R E Pykett Mr J N Clarke MBE Mr F A Reynolds MBE (to Jan 25) Mrs J H Davies Mr D Rhodes Mr T H Farr Prof J Saint OBE DL Mrs A R Gascoine FRICS FLAA Mr | Sheldon Mr C R Hall FRICS FAAV Mr RA Sheldon Ms S Hallam Mr R H Sheldon MBE Mrs A Hardstaff Mr C A Strawson Mr D A Harbottle Mrs C M Thomas Mr R Jackson Mr P White Mr B Knowles Mr C White Mr D M Lambert Mr C Wright Mrs E Lambert Mr C S Lawrence (to Apr 25)

Company Registered Number 01716766 Charity Registered Number 514080 Registered Office The Showground Winthorpe Newark Notts NG24 2NY

Company Secretary Mr S Eccleston

Chief Executive Officer Mr S Eccleston

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE SOCIETY (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Independent Auditors Streets Audit LLP Chartered Accountants and Statutory Auditor Tower House Lucy Tower Street Lincoln LN1 1XW

Bankers Barclays Bank Plc Leicester LE87 2BB Solicitors Tallents Solicitors 3 Middlegate Newark Notts NG24 1AQ Investment Fund Brewin Dolphin Ltd Managers 1st Floor Waterfront House Waterfront Plaza Nottingham NG2 3DQ

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2025

The Trustees present their annual report together with the audited financial statements of the Society for the year 1 July 2024 to 30 June 2025. The Annual Report serves the purposes of both a Trustees’ report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

The Council members are directors of the Society for the purposes of the Companies Act 2006 and trustees of the Society for the purposes of the Charities Act 2011.

Since the group and the Society qualify as small under section 383 of the Companies Act 2006, the Group Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The principal objective of the Society is to promote agriculture and the agricultural industry including all branches of agriculture and education and to encourage expertise and skills in the industry as well as all trades, crafts and professions associated with it.

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The Council is aware of the need for the Society to provide public benefit and has paid due regard to the guidance on public benefit issued by the Charity Commission. The Council considers that the activities which it undertakes, summarised in the following paragraphs, fulfil this requirement.

b. Activities undertaken to achieve objectives

The Society organises three annual agricultural shows and periodically an agricultural shows conference:

In addition it offers education and personal development grants, support for apprentices and traineeships to individuals and organisations that are directly involved in or pursuing its charitable objectives; to promote agriculture and associated industry. Funding help and practical assistance has been given to Nottinghamshire Rural Support (NRS) and Nottinghamshire Federation of Young Farmers’ Clubs, whose office is on Newark Showground. Service to Agriculture is recognised by medals and a separate Long Service (Single Farm) Award, presented annually.

The Society's Local Shows Conference is accredited as the Central Region event for the Association of Show and Agricultural Organisations (ASAO). It is held specifically to support fellow agricultural shows and societies, which are often run by unpaid volunteers, but who still carry the same responsibilities as major societies. The conference is a valuable exchange of current best practice and many issues of direct relevance to the industry.

Education is an integral part of promoting agriculture. This is carried out by staff and volunteers with the twin aims of education and driving attendance to Society activities, through talks, competitions, partnerships, demonstrations, networking and planning future activities both on and off site.

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Objectives and activities (continued)

Newark Showground is wholly owned by the Society. The Showground is let on a commercial basis to the Society’s subsidiary trading company which in turn hires the venue to other organisations and provides services such as catering. The excess income gained from trading is paid by Gift Aid to the parent charity. This income and that from membership subscriptions, rents and investment income, is used to support the activities undertaken by the Society to achieve its charitable objectives.

Achievements and performance

a. Review of activities

Nottinghamshire County Show

The Annual County Show is one of the main objectives of the Society. It provides an opportunity for the agricultural community and the public in general to participate and engage with livestock, rural crafts, farriery, equestrianism, floral art, music, poultry, countryside pursuits, British and local food, related trade stands and to see agricultural machinery both vintage and modern. It incorporates many county organisations such as the Notts Women’s Institutes, County and District Councils, Notts Group of the National Vintage Tractor and Engine Club, Notts Federation of Young Farmers Clubs, local sports and interest groups. Many hundreds of volunteers, from the President to stewards and staff, combine to lay on this key event in the County's agricultural and social calendar. The format of the County Show continued to receive very positive feedback from both exhibitors and attendees and further progressed the aim of making it increasingly relevant to the rural and wider community and to champion agriculture in all its aspects. The Show is constantly reviewed and assessed to keep it relevant to the public and in line with the Society's charitable purpose.

Newark Vintage Tractor & Heritage Show

Since inception in 2003, the Vintage Tractor and Heritage Show has become a well established and highly popular, niche event attracting international support. It is the largest and finest of its type in the UK and further underpins the charity’s mission. It enjoys significant club, volunteer and enthusiast support.

Midlands Machinery Show

The Society organises this specialist Business to Business (B2B) agricultural machinery event annually. It is now firmly in the agricultural machinery show calendar. It permits reciprocal support for the industry by providing a regionally based forum for agricultural businesses and suppliers to interact directly with farmers, employees and contractors and also through the various apprenticeship grants which are awarded at the show.

Educational Activity

In support of the Society and its mission, proactive educational activity at the Society’s shows and throughout the year helps to make many new contacts and promote our activities and events. Education includes steward training and involvement, plus wider briefings, information and demonstrations, covering topics such as the importance of high standards within the industry, eating seasonal and local food, low food miles, sustainability, careers in agriculture, job placements and many activities which both individuals and local organisations can undertake.

Other Support

The Newark & Nottinghamshire Agricultural Society is home to the secretariat of Nottinghamshire Federation of Young Farmers’ Clubs. The Society sponsors Further Education prizes at Nottingham Trent University, has donated support to the Nottinghamshire Rural Support Network and assists various fellow Nottinghamshire agricultural charities by the loan of equipment for their shows. The Society is a ‘Friend of Nuffield Farming’ providing support for agricultural scholars to work with farmers and allied industries to help shape the future of British Agriculture. The Agricultural Society also directly offers Nottinghamshire students of agriculture, educational and personal development grants, in addition to the apprenticeships. This support has continued where appropriate throughout the year and has been well received by the organisations and individuals involved.

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Achievements and performance (continued)

Trading Activity

The Society owns its flexible and popular 180 acre site freehold. Trading, which is focussed on facility hire and catering, is carried out under the auspices of NNAS (Trading) Limited, the Society's wholly owned subsidiary. The Society continues to invest in its facilities to retain and improve standards and control costs at its agricultural shows. Trading surpluses are donated to the parent charity through the Gift Aid scheme and this helps to fund the Society and its activities. Effectively working its assets permits the Society to be in control of its facility and delivery standards and to better determine its future.

Trading activity and revenues were positive during the year and projected activity remains healthy. Staff and facilities continue to be developed and able to engage all areas of the operation in support of achieving the charitable aims and objectives.

b. Investment policy and performance

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As permitted by the Society's Memorandum and Articles of Association, the Council gave its investment managers discretion to manage the portfolio within an agreed risk profile. The portfolio comprised fixed interest stocks as well as unit trusts and investment funds.

The primary investment objective for the main unrestricted fund is to obtain a balance between income and capital growth, subject to a moderate degree of risk.

The objectives of the Mattie Brown and David Crane permanent endowment funds remain unchanged; namely to earn income in support of the promotion of show jumping and equine classes and the cattle classes at the annual show.

The Council has also operated a policy of keeping the current accounts of the Group in credit throughout the year and of investing cash not designated for investment in an interest bearing deposit account.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Society has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

a EES IE EET RISES 2 At SEE IR ONES NSS SE AS A RS SA RS AR ENE RENE NE A RN RR TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

b. Reserves policy

The Reserves Policy adopted by the Society is to ensure that sufficient funds are available to provide against the direct costs which may not be mitigated following an unforeseen emergency resulting in the complete cancellation of one of the Society's Shows. The Trustees consider that the ideal level is calculated as 130% of the budgeted direct cost of the annual County Show less salaries apportioned to the Show. As at 30 June 2025 this would be £354,000. The funds the trustees consider when calculating the free reserves are unrestricted investments, plus current assets, and less current liabilities (excluding loans). The actual level of reserves as at 30 June 2025 as calculated was £683,000 (2024: £156,000), which is above the targeted level and an improved position on the prior year. This includes a balance of £500,000 designated by trustees for development of new member facilities and improvements to the Cedric Ford Pavilion.

Capital expenditure is under continuous review by the Executive Committee of the Society.

The Trustees note that the level of reserves has remained ahead of budget in the period and that the Lady Eastwood Centre loan and CBILS Loan repayment schedules have been adequately met by normal operations.

c. Performance

The consolidated statement of financial activities shows net incoming resources of £456,000 (2024: net incoming resources of £50,000) after realised and unrealised investment gains. The profile of activities has now normalised following the pandemic period disruption. Performance in all areas was effective and the positive financial results again reflected this.

During the year the Society was pleased to gratefully receive a significant donation from Mr Charles C S Lawrence, a former Trustee and Past-President of the Society. It is planned to use these generous funds to develop the facilities for the benefit of our Members and to support our charitable objectives.

Structure, governance and management

a. Constitution

Newark & Nottinghamshire Agricultural Society is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association and was incorporated 20 April 1983.

The Society (registered company number 1716766) is registered as a charity (registered charity number 514080) and is a company limited by guarantee and therefore does not have share capital.

b. Recruitment and appointment of management committee

As set out in its Articles of Association, the Society is governed by a council of up to 50 members. Council members must be members of the Society and serve for a period of 3 years but on retirement can offer themselves for re-election. They are appointed by the members at the Annual General Meeting. Council members may be selected for their specific expertise from the local business and agricultural community in relation to the activities of the Society. Council members are listed on page 1 and served throughout the year unless otherwise stated. The names and addresses of the advisors and the registered office of the Society are also set out on pages 1 and 2.

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

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TL LL TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

The Council administers the charity and meets at least quarterly. Council appoints chairs of various Sub Committees. Sub Committee members are volunteers from the body of the Council members. Committees include the Executive, County Show, Vintage Tractor & Heritage Show, Midlands Machinery Show, Grounds and Development. Committees are empowered to also seek specific expertise from co-opted members. Committees report to the Council and advise on specific aspects of the Society's activities. A Chief Executive Officer (“CEO”) is appointed by the Council to manage the day to day operations of the Group. To facilitate effective operations the CEO has delegated authority, as approved by the Council, for operational matters.

The staff, who are all ultimately responsible to the CEO, take specific responsibility for:

d. Policies adopted for the induction and training of Trustees

New Council members have an induction afternoon during which they are shown the showground and its facilities, meet key employees and given a brief on their responsibilities as Council members under charity and company law, the content of the Memorandum and Articles of Association, the committees and management process, the business plan and recent financial performance. New legislation or changes to charitable law are disseminated by an appropriate method of communication followed by discussion at Council or other trustee committees. Council members are encouraged to attend external training if relevant to their roles.

e. Pay policy for key management personnel

The members of the Council, who are the Society's trustees, and the senior management team comprise the key management personnel of the Society in charge of directing and controlling, running and operating the Society on a day to day basis. All Council members give of their time freely and no member received remuneration in the year. Details of Council member's expenses and related party transactions are disclosed in notes 13 and 29 to the accounts.

The pay of the senior staff is reviewed by the Executive Committee.

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

TRa SRSA EPR in SN TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Structure, governance and management (continued)

f. Financial risk management

The Council has assessed the major political, economic, strategic and operational risks to which the Group is exposed, in particular those related to the investments and finances of the Group, and are satisfied that systems are in place to mitigate exposure to the major risks. The risk management strategy is reviewed annually in order to assess plans to mitigate risk and to formulate responses to minimise the effects of any potential impact on the Group, should those risks materialise.

Particular attention is focused on non financial risks arising from disease epidemics, terrorism, fire, health and safety of events at the showground and food hygiene.

The reserves policy is a key part of the management of financial risk.

Risks posed by the County Show, the Vintage Tractor & Heritage Show and the Midlands Machinery Show have been the subject of extensive work in recent years and the Council is satisfied that active steps have been taken to minimise those risks through pre-planning, co-ordination of major incident procedures in conjunction with the emergency services, health and safety advisors, pre-show briefings, instructions and the use of professional subcontractor staff.

The Trustees and the management team remain committed to ensuring that the Society is viable as a going concern. New capital projects will be predominantly focussed on the generation of income.

Plans for future periods

The

Society will again organise in 2025/26 three agricultural shows as follows:

In addition the Society will continue to award education and personal development grants, and provide support for apprentices and traineeships and organisations that are directly involved in or pursuing its charitable objectives; to promote agriculture and associated industry.

Members' liability

The Members of the Society guarantee to contribute an amount not exceeding £1 to the assets of the Society in the event of winding up.

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Statement of Trustees’ responsibilities

The Trustees (who are also the directors of the Society for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Society and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Society's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Society and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees’ Report is approved has confirmed that:

Auditors

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The auditors, Streets Audit LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

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Approved by order of the members of the board of Trustees on
Lo / 2/w~ and signed on their behalf by:
R kson C | Applewhite
Chairman Vice Chairman
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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

——SSS INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

Opinion

We have audited the financial statements of Newark & Nottinghamshire Agricultural Society (the ‘parent charitable company’) and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Society Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course | of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or | apparent material misstatements, we are required to determine whether this gives rise to a material | thatmiss t hereatementis a materialin the financialmisstatementstatementsof thisthemselves.other information,If, basedweonaretherequi wo r edk weto reporthave thatperformed,fact. we conclude | We have nothing to report in this regard. | | Opinion on other matters prescribed by the Companies Act 2006 | In our opinion, based on the work undertaken in the course of the audit:

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Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

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We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (CONTINUED)

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

Le ESE RO! TA TREE BS FAA SE ES SAORI FS RE

RRO A EAE ARN SR RNR A RT A NET RESTE EN a TS SASS A rN RR

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

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We assessed the susceptibility of the Society’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (CONTINUED)

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors’ Report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

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Robert Anderson BSc FCA (Senior Statutory Auditor)

for and on behalf of

Streets Audit LLP

Chartered Accountants and Statutory Auditor Tower House Lucy Tower Street Lincoln LN1 1XW Date: 12/3/24

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted Endowment Total Total
funds funds funds funds
2025 2025 2025 2024
Note £000 £000 £000 £000
Income and endowments from:
Donations and legacies a 516 . 516 8
Charitable activities 5 570 . 570 560
Other trading activities 2,264 - 2,264 2,307
Investments 8 20 3 23 18
Other income 9 4 - 4 4
Total income and endowments 3,374 3 3,377 2,897
Expenditure on:
Raising funds 1,505 - 1,505 1,461
Charitable activities 1,419 - 1,419 1,394
Total expenditure 2,924 - 2,924 2,855
Net income / (expenditure) before
net gains/(losses) on investments 450 3 453 42
Net gains/(losses) on investments 5 (2) 3 8
Net movement in funds 455 1 456 50
Reconciliation of funds:
Total funds brought forward 2,609 98 2,707 2,657
Net movement in funds 455 1 456 50
Totalfundscarriedforward 3,064 99 3,163 2,707

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 21 to 39 form part of these financial statements.

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee) REGISTERED NUMBER: 01716766

CONSOLIDATED BALANCE SHEET CONSOLIDATED BALANCE SHEET
AS AT 30 JUNE 2025
2025 2024
Note £000 £000
Fixed assets
Tangible assets 14 2,121 2,850
Investments 15 301 296
3,028 3,146
Current assets
Stocks 16 70 Ts
Debtors 17 283 322
Cash at bank and in hand 946 442
1,299 837
Current liabilities
Creditors: amounts falling due within one
year 18 (832) (823)
Net current assets 467 14
Total assets less current liabilities 3,495 3,160
Creditors: amounts falling due after more
than one year 19 (332) (453)
Net assets excluding pension asset 3,163 2,707
Totalnetassets 3,163 2,707

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee) REGISTERED NUMBER: 01716766

A RC RE RR TTR A TE ER LE ERS EEE TEES TEES TS TE CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025

TE ER LE ERS EEE TEES TEES TS TE TS ST ST TE LTE TS TE TRICE

2025 2024
Note £000 £000
Charity funds
Endowment funds 20 99 98
Restricted funds 20 - =
Unrestricted funds 20 3,064 2,609
Totalfunds 3,163 2,707

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on Lo fir (us and signed on their behalf by: R Ja¢kson C Applewhite Chairman Vice Chairman

The notes on pages 21 to 39 form part of these financial statements.

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na e De i NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee) REGISTERED NUMBER: 01716766

AAA
EE CEASE TS RAE ATTSE		 SS TE ESSR AA SS SS PRE ARS SSRR SSS ESS SN PS ASR
SOCIETY BALANCE SHEET
AS AT 30 JUNE 2025
2025 2024
Note £000 £000
Fixed assets
Tangible assets 14 2,120 2,850
Investments 15 301 296
3,028 3,146
Current assets
Stocks 16 5 5
Debtors 17 243 270
Cash at bank and in hand 643 278
891 55S
Current liabilities
Creditors: amounts falling due within one
year 18 (424) (539)
Net current assets 467 14
Total assets less current liabilities 3,495 3,160
Creditors: amounts falling due after more
than one year 19 (332) (453)
Net assets excluding pension asset 3,163 2107
Totalnetassets 3,163 2,707

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee) REGISTERED NUMBER: 01716766

SOCIETY BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025

2025 2024
Note £000 £000
Charity funds
Endowment funds 20 99 98
Restricted funds 20 - -
Unrestricted funds 20 3,064 2,609
Totalfunds 3,163 2,707

The Society's net movement in funds for the year was £456,000 (2024 - £50,000).

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees’ on Lopes and signed on their behalf by: R Jackson C Applewhite Chairman Vice Chairman

The notes on pages 21 to 39 form part of these financial statements.

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£000|£000| |Cash|flows|from|operating|activities| |Net|cash|used|in|operating|activities|132|397| |Cash|flows|from|investing|activities| |Purchase|of|tangible|fixed|assets|(130)|(321)| |Investment|Income|23|18| |Net|cash|used|in|investing|activities|(107)|(303)| |Cash|flows|from|financing|activities| |Repayments|of|borrowing|(121)|(143)| |Net|cash|used|in|financing|activities|(121)|(143)| |Change|in|cash|and|cash|equivalents|in|the|year|504|(49)| |Cash|and|cash|equivalents|at|the|beginning|of the|year|442|491| |Cash|and|cash|equivalents|at|the|end|of the|year|946|442| |The|notes|on|pages|21|to|39|form|part|of these|financial|statements|

----- End of picture text -----

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

fl General information

As set out in the Trustees' Report, Newark & Nottinghamshire Agricultural Society is an incorporated charity limited by guarantee registered in England and Wales. The address of the registered office is The Showground, Winthorpe, Newark, Nottinghamshire, NG24 2NY.

The principal objective of the Society is to promote all branches of agriculture and to encourage expertise and skills in the industry as well as all trades, crafts and professions associated with it.

The Council is aware of the need for the Society to provide public benefit and has paid due regard to the guidance on public benefit issued by the Charity Commission. The Council considers that the activities which it undertakes fulfil this requirement.

The financial statements have been prepared in sterling, which is the functional currency of the entity.

2 Accounting policies

2.1 Basis of preparation of financial statements

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The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Newark & Nottinghamshire Agricultural Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Statement of Financial Activities (SOFA) and Balance Sheet consolidate the financial statements of the Society and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Society has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.

2.2 Income All income is recognised once the Society has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

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Page 21

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Consolidated Statement of Financial Activities upon the completion of the relevant performancerelated conditions. Other grants that are not subject to performance-related conditions are credited to the Consolidated Statement of Financial Activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised asa liability.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Society; this is normally upon notification of the interest paid or payable by the bank.

2.6 Tangible fixed assets and depreciation

All assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the Society assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 22

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NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:

Freehold property and land - 4% straight line - no depreciation on land Motor vehicles - 20% straight line Fixtures, fittings and equipment - 20% and 33% straight line

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated Statement of Financial Activities.

2.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Society anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.12 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank and other loans which are subsequently measured at amortised cost using the effective interest method.

Page 23

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.13 Pensions

The Society operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Society to the fund in respect of the year.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3: Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Allocation of costs - direct expenses are charged to individual cost centres wherever possible. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of those resources.

Depreciation charges - the annual depreciation charge for tangible assets is sensitive to changes in the useful economic lives and residual values of the assets. In the preparation of the financial statements, the value included is reviewed by the Trustees.

Page 24

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

4. Income from donations and legacies

Unrestricted Total Total
funds funds funds
2025 2025 2024
£000 £000 £000
Donations Including Gift Aid 516 516 8

5. Income from charitable activities

Unrestricted Total Total
funds funds funds
2025 2025 2024
£000 £000 £000
Agricultural Shows 570 570 560
Total2025 570 570 560
  1. Income from trading activities
Endowment Total Total
funds funds funds
2025 2025 2024
£000 £000 £000
Showground Rents 99 99 93
Total2024 93 93

Page 25

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Ue Income from trading activities

Endowment Total Total
funds funds funds
2025 2025 2024
£000 £000 £000
Income
Turnover 2,165 2,165 2,214
2,165 2,165 2,214
Expenditure
Opening stocks (68) (68) (59)
Closing stocks 65 65 68
Direct costs (708) (708) (758)
Administrative costs (238) (238) (264)
Staffing costs (555) (555) (448)
(1,504) (1,504) (1,461)
Total 2025 661 661 793
Total2024 753 753

The Society owns the whole of the issued ordinary share capital of NNAS (Trading) Limited, a company registered in England. The Subsidiary is used for non-primary purpose trading activities, namely the letting of the facilities on the Society's showground for events other than those organised by the Society in the furtherance of its objects. All activities have been consolidated on a line by line basis in the SOFA with group transactions eliminated.

8. Investment income

Unrestricted Endowment Total Total
funds funds funds funds
2025 2025 2025 2024
£000 £000 £000 £000
Investment income 20 3 23 18
Total2025 20 3 23 18

Page 26

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

9. Other incoming resources

Unrestricted Total Total
funds funds funds
2025 2025 2024
£000 £000 £000
Sponsorship and advertising 4 4 4
Analysis ofexpenditure by activities
Activities
undertaken
directly		 Support
costs		 Total
funds		 Total
funds
2025 2025 2025 2024
£000 £000 £000 £000
Agricultural Shows 610 804 1,414 1,393
Educational grants 5 - 5 1
Total 2025 615 804 1,419 1,394
Analysis of direct costs
Agricultural Educational Total Total
Shows grants funds funds
2025 2025 2025 2024
£000 £000 £000 £000
Staff costs 188 - 188 159
Agricultural Shows 422 - 422 451
Educational grants - 5 5 1
Total2025 610 5 615 611

10. Analysis of expenditure by activities

Page 27

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

10. Analysis of expenditure by activities (continued)

Analysis of support costs

Agricultural Total Total
Shows funds funds
2025 2025 2024
£000 £000 £000
Staff Costs 302 302 297
Depreciation 253 253 251
Office Costs 249 249 235
Total2025 804 804 783

Total 2025

11. Governance Costs - Auditors’ remuneration

Fees payable to the Society's auditor for the audit of the Society's annual accounts

2025 2024
£000 £000
11 10

12. Staff costs

Group Group Society Society
2025 2024 2025 2024
£000 £000 £000 £000
Wages and Salaries 925 800 370 352
Social Security Costs 110 96 110 96
Other Pension Costs 10 8 10 8
1,045 904 490 456

Page 28

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

12. Staff costs (continued)

The average number of persons employed by the Society during the year was as follows:

Group Group
2025 2024
No. No.
Society 8 7h
Agricultural Shows 6 5
Catering 48 45
Trading 11 9
73 66

The average headcount expressed as full-time equivalents was:

Group Group
2025 2024
No. No.
Society 7 5
Agricultural Shows § 4
Catering 21 21
Trading 10 9
43 39

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2025 2024
No. No.
In the band £90,001 - £100,000 - 1
In the band £100,001-£110,000 1 -

The key management personnel of the charity are the Trustees and Chief Executive Officer . The total remuneration and benefits including employers NIC received by key management personnel of the Society in the year ended 30 June 2025 amounted to £121,000 (2024 - £120,000).

13. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 30 June 2025, no Trustee expenses have been incurred (2024 - £NIL).

Page 29

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

14. Tangible fixed assets

Group and Society

Freehold
property		 Freehold
land		 Fixtures,
Fixtures,
fittings and _ fittings and
equipment
equipment		 Fixtures,
Fixtures,
fittings and _ fittings and
equipment
equipment		 Total
£000 £000 £000 £000 £000
Cost or valuation
At 1 July 2024 5,413 107 220 1,326 7,066
Additions 62 - AZ 56 130
At 30 June 2025 5,475 107 232 1,382 7,196
Depreciation
At 1 July 2024 2,888 - 145 1,183 4,216
Charge for the year 178 - 19 56 253
At 30 June 2025 3,066 - 164 1,239 4,469
Net book value
At 30 June 2025 2,409 107 68 143 2,727
At30June2024 2,525 107 75 143 2,850

Page 30

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

15. Fixed asset investments

Listed
investments
Group and Society £000
Cost or valuation
At 1 July 2024 296
Additions 68
Disposals (66)
Revaluations 3
At 30 June 2025 304
16. Stocks
Group Group Society Society
2025 2024 2025 2024
£000 £000 £000 £000
Finished goods and goods for resale 70 73 5 5
17. Debtors
Group Group Society Society
2025 2024 2025 2024
£000 £000 £000 £000
Due within one year
Trade debtors 218 274 5 13
Amounts owed by group undertakings - - 199 219
Prepayments and accrued income 65 48 39 38
283 322 243 270

a

a I

Page 31

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

18. Creditors: Amounts falling due within one year

Group Group Society Society
2025 2024 2025 2024
£000 £000 £000 £000
Bank loans 61 61 61 61
Other loans 70 70 70 70
Trade creditors 118 152 76 126
Other taxation and social security 103 93 103 93
Other creditors 361 259 2 5
Accruals and deferred income 119 188 112 184
832 823 424 539
Group Group Society Society
2025 2024 2025 2024
£000 £000 £000 £000
Deferred income brought forward 130 118 130 118
Resources deferred during the year (130) 130 (130) 130
Amounts released from previous periods 55 (118) 55 (118)
Deferredincomecarriedforward 55 130 55 130

Deferred income is in relation to amounts received in advance of shows in the next financial year.

  1. Creditors: Amounts falling due after more than one year
Group Group Society Society
2025 2024 2025 2024
£000 £000 £000 £000
Bank loans 285 336 285 336
Other loans 47 117 47 117
332 453 332 453

The total bank loan of £346,000 (2024 - £397,000) is secured on the Lady Eastwood Centre and its associated assets situated at the County Showground, Newark, Nottinghamshire.

Other loans of £117,000 (2024 - £187,000) have been provided as part of the Coronavirus Business Interruption Loan Scheme.

Page 32

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

20. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 Transfers Gains/ 30June
July 2024 Income Expenditure in/out (Losses) 2025
£000 £000 £000 £000 £000 £000
Unrestricted
funds
Designated
funds
Pavilion and
member
facilities - 500 - - - 500
General funds
Fixed assets
reserve 2,850 - (253) 130 - Zier
Bank loan (397) - - 51 - (346)
Free reserves 156 2,874 (2,671) (181) 5 183
2,609 2,874 (2,924) - 5 2,564
Total
Unrestricted
funds 2,609 3,374 (2,924) - 5 3,064
Endowment
funds
Mattie Brown 85 2 - - (2) 85
David Crane 13 1 - - - 14
98 3 - . (2) 99

Page 33

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

20. Statement of funds (continued)

Pavilion and member facilities

Funds have been designated by the Council for significant improvements to the Cedric Ford Pavilion and upgrades to other facilities, including members' facilities, around the Newark Showground site. These funds comprise a generous donation received during the year from Mr Charles C S Lawrence, a former Trustee and Past-President of the Society. The Council is in the process of agreeing a scope of works for the project.

Fixed asset reserve

The fixed assets reserve identifies those funds which are not free funds and represents the net book value of tangible fixed assets.

Endowment funds

The Mattie Brown fund was established to provide income for the promotion of show jumping at the Nottinghamshire County Show.

The David Crane fund was established to provide income for the financing of prize money for Longhorn Cattle Classes at the Nottinghamshire County Show or otherwise at the discretion of the Show Council.

Page 34

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

20. Statement of funds (continued)

Statement of funds - prior year

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|Transfers|Gains/|30 June| |1|July|2023|Income|Expenditure|in/out|(Losses)|2024| |£000|£000|£000|£000|£000|£000| |Unrestricted| |funds| |Fixed|assets| |reserve|2,780|-|(251)|321,|-|2,850| |Bank|loan|(446)|-|:|49|-|(397)| |Free|reserves|228|2,895|(2,604)|(370)|7|156| |2562|2,895|(2,855)|-|7|2,609| |Endowment| |funds| |Mattie|Brown|83|2|-|-|-|85| |David|Crane|12,|-|-|-|1|13| |95|2|-|-|1|98| |Total|of funds|2,657|2,897|(2,855)|-|8|2,707|

----- End of picture text -----

Page 35

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

EEE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

21. Summary of funds

Summary of funds - current year

Balance at
Balance at 1 Transfers Gains/ 30June
July 2024 Income Expenditure in/out (Losses) 2025
£000 £000 £000 £000 £000 £000
Designated
funds - 500 - - - 500
General funds 2,609 2,874 (2,924) - 5 2,564
Endowment
funds 98 3 - - (2) 99
2,707 3,377 (2,924) - 3 3,163
Summary offunds - prioryear
Balance at
Balance at Transfers Gains/ 30June
1 July 2023 Income Expenditure in/out (Losses) 2024
£000 £000 £000 £000 £000 £000
General funds 2,562 2,895 (2,855) - 7 2,609
Endowment
funds 95 Z - - 1 98
2,657 2,897 (2,855) - 8 2,707

22. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted Endowment Total
funds funds funds
2025 2025 2025
£000 £000 £000
Tangible fixed assets 227 - 2,727
Fixed asset investments 202 99 301
Current assets 1,299 - 1,299
Creditors due within one year (832) - (832)
Creditors due in more than one year (332) - (332)
Total 3,064 99 3,163

Total

Page 36

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

22. Analysis of net assets between funds (continued)

Analysis of net assets between funds- prior year

Unrestricted Endowment Total
funds funds funds
2024 2024 2024
£000 £000 £000
Tangible fixed assets 2,850 - 2,850
Fixed asset investments 198 98 296
Current assets 837 - 837
Creditors due within one year (823) - (823)
Creditors due in more than one year (453) - (453)
Total 2,609 98 2707

23. Reconciliation of net movement in funds to net cash flow from operating activities

Group Group
2025 2024
£000 £000
Net income for the year (as per Statement of Financial Activities) 456 50
Adjustments for:
Depreciation charges 253 251
(Gains)/losses on investments (5) (8)
Investment income (23) (18)
Decrease/(increase) in stocks 3 (9)
Decrease/(increase) in debtors 40 (165)
Increase in creditors 8 296
Netcashprovidedbyoperatingactivities 732 397

Page 37

(A Company Limited by Guarantee)

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

aS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

24. Analysis of cash and cash equivalents

Group Group
2025 2024
£000 £000
Cash in hand 946 442
Total cashandcashequivalents 946 442

25. Analysis of changes in net debt

At 1 July At 30 June
2024 Cash flows 2025
£000 £000 £000
Cash at bank and in hand 442 504 946
Debt due within 1 year (131) . (131)
Debt due after 1 year (453) 121 (332)
(142) 625 483

26. Contingent liabilities

The capital grant of £170,000 received from Nottinghamshire County Council's Economic Development Capital Fund in the year ended 30 June 2016 in respect of the Lady Eastwood Centre is subject to terms and conditions, breach of which may render the grants wholly or partially repayable. It is the Council Members’ opinion that such a repayment is remote.

27. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and employees personal pension schemes and amounted to £88,000 (2024 - £79,000). There were no contributions payable at either year-end.

Page 38

NEWARK & NOTTINGHAMSHIRE AGRICULTURAL SOCIETY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

28. Operating lease commitments

At 30 June 2025 the Group and the Society had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Group Group Society Society
2025 2024 2025 2024
£000 £000 £000 £000
Within 1 year 2 2 2 Z
Between 1 and 5 years 4 6 4 6
6 8 6 8

29. Transactions with council members

The Society has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Society at 30 June 2025.

30. Post balance sheet events

Non-adjusting events are those events occurring after the end of the reporting period but before the accounts are authorised for issue which relate to conditions that arose after the end of the reporting period.

Post year end conditions have been met for the sale of a plot of land on the Showground site, agreed between the Newark & Nottinghamshire Agricultural Society and the buyer under contract subject to planning permission and other conditions in September 2023. The sale proceeds expected are £2,000,000 but were not yet received at the time of signing these accounts.

Page 39