THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUAII4NTEE) REPORT OF THE TRUSTEES AND FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 DECEMBER 2024 REGISTERED NO: 02419964 CHARITY NO: 702017 THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Contents Pages Reference 8nd Administrative Details Report of tbe Council of Management Auditors, report to the Council of ManAgement Consolidated Statement of Financial Activitie5 Consvlidaied Balance Sheet Company Ba]ance Shcct consolid￿ed Stsl¢m¢nt of Cash Flows io Company Stat¢mcnt of Cash Flows Notc8 to th¢ Cash Flow Statement 12 Notes to the Financial Statements 13-22 Tbe following pages do not form p*rt of the Jtatutory fln4Thelal $tst¢m¢nts Dwoiled incume and expendi￿re a¢¢ount 23 THE NORTH OF EliGLAND HORTICULTURAL SOCIETY {A REGISTERED CHARITY LTMTTED BY GuARA￿EE) REFERENCE AND ADMtYJSTRATIVE DETAIIS FOR TIIE YEAR ENDED 31 DECEMBER 21124 PRESIDENT: C Blunddl MkMBERS OF THE COUNCIL OF MANAGEMENT: D. Bcardail C.S.H. Smith C.J. Bayliss P.A. Grant LAdy P. L. Mowbray M.J. I'Anson S.A. Hoptk4 M.A. Dab¢ll S.M. Brown D. Kilburn D.R. Bark¢r R. Bc¢kwith L. Compton K. Gar88n C. GT¢gg Rest￿ed 6 Morch 2024 R¢S18n￿ I Cktob¢r 2024 Resigned 6 March 2024 COMPANY SECRETARY: Mr8 J. Robin5thJ RKGisfERED OFFtCE: Unli 6. The Stsbles N•wby Flall liip¢Jn HG4 SAE COMPANY RLGISI'RATION NUMBER; 02419964 CHARITY REGISTrATtON NUMBER: 702017 AUDITORS: DSC ALbuuntwJts Limit#d Lhartered Accountants T*tt¢rso11 l.lou Fa8t Parade Ilarrogate North Yorkshire HG15LT PRt¥ClPAL BANKERS: Nutionul Westmin5teT Bank PIB 3 Cambrid8e CT¢5c¢nt Hmgate HGI IPJ SOLICITOR&. Th¢ Exch&n8C Sialiotl PArad* Harrogate HGI II'S INVESTMENT MANAGER&. Brown Shipley 10 Wellingion Place Lttds LS14AP Williams Investsnent I,l.P 34 Vi¢ioria Avenu¢ HArrogAt¢ EIGI SPR DIRECTOR OF SHOWS: Nsmith TrINANCE MANAGER: J Robi[￿0￿ Page I THE NORTH OV ENGLAND HORTICULTURAL SOCIETY OiEGISTERED NO: 02419964) (A REGISTERED CHARITY LIMITED BY GUARANfEE) (CIL4RITY NO: 702017) COIJNCIL OF MANAGEMENT'S REPORTS ON THE GROUP AcCOl￿Ts FOR THE YEAR ENDLD 31 DECEMBER 21124 The tr￿tr¢S. who are Also dirtttors of the charity for the pury)ose5 of the Companies Ael submit their aThnU￿ report and the atsdit¢d financial statements foi the y¢ar endal 31 De£ember 2024. The financiNI statements comply with thc Charitic8 Act 2011. the COM￿￿5 Act 2(M)6. the Memorandum and Articles of Associatio￿ and Accounting and R¢portin8 by Cb8riiics.' Stlltement of Rr￿0mmendcd Practice applicabl¢ to chaTili¢s pT¢paTing th¢ir a¢coullts in a¢¢ordanc¢ with th¢ Financia] Re￿rtIng Sttttmtsrd ￿plicable in th¢ UK and Rq)ubli¢ of Ireland (fRS 102). OBJECTfvES OFTIIE CIIARrrY, PRINCIPAL ACI'lVlI'tLS AND ORGANISATION OF OUR WORK The charity is con5l1tut￿ 4s a company limtted ty guarAnte¢ and is thu¢foT¢ gov¢rned by a Mem￿￿ldUrn and artick5 of ass￿]&¢10n. Th¢ charity's objec¢ and prin¢ipAI activity continues to bc that of educatin& promoting alld developing the s¢iffi¢e, art and prncti¢¢ of horticulwre. th¢ advanc￿￿￿1 of environmeotsl protcction. with sp¢ci21 reference to th¢ eondiiions exislin8 in th¢ North of F.ngland by the promotion of Shows and events. Wiihiti th￿ ¢v¢nts the Chartty sUPE￿S numerous other horticul￿Tal ¢h#ritie$, eMbling them to incre4s¢ public awAT¢n¢g8 of the8¢ ¢h&rities. In shftping ourobic¢tiv¢s for the yeor and planning our ll¢liYilies. Ihe tsustee8 hve considercd the Chuity Comrni55ion's guidhn¢¢ public bencfi( including the guidance 'public behefit.. rutthiug a charity (PB21'. The ch￿lty 1190 wholty control8 a trading mpany. Harrogale Flow¢r Show Ltmi¢ed. a company In￿pOrated in Engtand And Wales. Th¢ in1ste￿ feel it is immnl lo highli￿l the fact that the tr￿littg wmpany {whi¢h the ghowsl h&s. gince its incorporatioh, paid over its pmfii8 to the Charity ut)d¢r a dttd ofcov¢DanL The annexed aceounts Show thai in th¢ y￿r 2024 no paytneni wos able to be made to the hwity by way of u gift (2023.. £nil). but charitabl¢ Aims would be Met frorn fLnJneiai reserves. The Charity has established its grant making policy to aehieve iti objectives for thc publi¢ benefit. The Charity receives Artd considers direct applieRtion for ￿lIs￿nce. Dethiled considerniion is given to e4ch application on the b&sis of inform&tion Provided, additional infonmtion the trustL*s see as ￿￿e$S#ry to fom) an opinion, vigits and follow up Teportg. The ch8rity CQOTXYOt¢g wth ftnd provid¢5 SUPPOrt Vi4 th¢ platfonn of th¢ Ilarro8ate Flowtt Sl￿w3 for a ran8e of hoiliculiurnlly based groups> Organisations and individuals. Thi$ itkcludes support of OV￿ a d07£n Sp￿1&1￿￿1 plant srtieii4 includin8. but not limiied to chrysanthanum. dahlia. c￿11, futh51U. 8¢fAniUtN daffodil. gladioli and bonsli. 'l-he charity also eTh￿￿es with 8rown edib1¢5 through its wrffk with ¢h¢ NIMth¢rn Fruit Group. National V¢g¢thble s￿iety and re8ional all￿ment ￿0ups. The OT8anisRtion wiNk8 closely in promoling th¢ valu4ble work of rrxogniscd ehuiiies. including Perennial (The Gardenttr's Chariiy), HOrtl￿p. Wad&4 ChArity ond Vario￿ wider ranging oups. The charity also 511PPOrt8 learnin8 ond cdueation in horticulture, via commiimenl to wional coll¢8u inc1￿11n8 Askharn Bryan, Shipley College, Bishop Burton, K￿k]eY #nd Craven College. A continued r¢lalionship with ¢h¢ Charttted Instiiui¢ of Hwticulture 'Youn8 Hortl¢ul￿ra[l5t of the Year. And the Yorkghire in Bl¢)(m) 'Young Peopl¢'s Award, ensure thii such Supp￿ is tLi8hlighted and widened in the Jph¢r¢ of1¢ornin& WoTk of th¢ orgAni$ation olqo extends to individuals and smill 8roups, from horti¢ulDJrnI cxhibitOTS, nurw Browws. floral ￿1￿1¢& and 8Ard¢Thing clubs ty ¢ommyniry win8 iniiialives, hislorical Organi￿tiOnS and volurtt¢¢rin8 8roups. THE COUNCIL OF K4NAGEME ThLTC is a Council of M4nag¢rnit which conyists of & mwAimum of 8 and i M￿lm￿M of 18, Cle￿&￿ members. All of ihe members gf the councLI of rnana8ement th Twned within the company informHtio]L a5 dir¢¢tors of thc chariry, and 5ervoJ throu8houl the y¢Ar unless 8tat¢d otherwise in th¥ Lompany In(oM￿lI0￿. There is a Pr¢sid¢nt of thc chaiity who 18 eli8ible to ￿rve for initial p¢ri(yJ of two years. The t¢Tm offKe may be extended at the discretion of the Council. Thc Cha]rn￿￿ and Vic¢ Chairnwi aT#elKt¢d annually by Council. The duy-lTrdAy tnwJagem¢nl of ¢he ¢harity 1$ handled ty J Robinson {th¢ company 5ecT¢tsry) ¥nd N 8rnith (the show director). COMMIITEES There 18 an eX￿UtiVe committeec¢)mprising ihB ¢haimJan of the eompany. the victrchaim)an of ihe compAny. the eompwjy s￿r¢thry. the show dErtetor. the solicitor. a representhtlve from th¢ Harrogaie Flower Show Limited wtho is independeni ofthe charity, a￿1 up to f￿]r othtt rncmbers of th¢ couneil. Ils fifftetion is io admtnigi¢r the company in all its ￿p¢¢i￿. to to in51Nolions from the COUllciI, to bring to ihe council mottern As n¢c¢5sary io rewwt to the council on its &Clivili¢s. Page 2 THE NORTH OF ENGLAND HORTtCULTURAL SOCIETY (REGISTERED NO: 02419964) (A REGISTERED CHARITY LIMITED BY CUARANfEE) (CHARITY NO: 702017) COUNCIL OF mANAGEmE￿'s REPORT ON THE GROUP ACCOiINTS FOR TUE YEAR EYDED 31 DECEMBER 2024 THE METHOD OFAppoiwfMENT OR ELECTION OF TRUSTEES All potential ttustees are vetttsj by existing tsuBteu a¢tiv¢ly parti¢ipate in and gain werience of the shows under ihe guidance of existtng tNstees. Once appointed, a]1 trustees rweiv¢ 8 copy of th¢ Sociw's Memorandum and Atiiolcs of kn5UCl&tiun and Byelaws. In addition they rxeive 8 copy of the Ch8riti&s Act 2011 seclions 178-184 and a copy of the Charity Commission d(￿UMertts- Yhe EssenLia] Tr￿tee- what you need to know" Charities And ￿'sk Mwthgemtht" and"A Guide to Conflict of Int¢rest for Charity Trustees-. Th¢ trustLXS are requini to SI￿ a declllration th&t thq ¢ither have no conflicting interests or divulge any inter4t. whi¢h miy ¢onflict with th0￿ of th¢ charity. Ckn8oiu8 tsainins 15 provided as n¢c¢ssllry. including atteThJance at relevantcourses. RESPONSIBILITIES OF MEMBERS OF THE CObT4CIL OF14L4NAGEMEYL T Company and charity law requires the members of tho ¢LTrunciI of mJna8ement to pr6pHre finanoi&l statom¢nts for financial year which give a true ond fair view of the slAte of affairs of the ctsrnpyny atKI of th¢ Surplus or d¢ficil of the company for thc wiod. In PTcparing tho Anan¢lal $tst¢nrnlB. th¢ memb¢TS of the council of mftnAgenMt r04uired to.. (a) S¢le¢t suitsbl¢ 8c¢ounting poli¢i¢s and then apply them consistently: (b) Ob5cTv¢ thc mcthod3 And principles in the Charities SORP (¢) Makc judwcnts &nd cstim&tcs that &re r￿OnAbl¢ and prndeni: (d) State whether applicable UK Accourtting Sthndordi h#v¥ bern followwj. subject to any nutcriAI d¢partUTCS diScl￿d And cxplalned in tho fm&nei&l stAlemenL4.' and 1¢) l¥¢pare financial 8tstem¢nts on the 8oin8 concern ixsis unl&%s it is in4wropriute to pre8ume thit the ￿mpAnY will continu¢ in busin￿. Th¢ m¢tThb¢rs of the ¢ouncil of mBnagenxnt ￿¢ re5ponsibk for kwjing proper ac￿ll￿ring r¢¢wd8 which di8¢10$¢ wilh rwonabl¢ ￿¢urn¢y 418ny time the financi￿ pc4ilion of the company and io ¢nuble them io emsuye that th¢ financial statements comply with the CompAttitt A¢1 2006. They ar¢ al80 resPOtL5ibl¢ for saf¢suaTdin8 the a85ets of the company and h¢nc4 tsking rwottabl¢ $t¢P8 for ih¢ pr¢v¢niion and dL%e¢tion of haud oth¢r itT¢8ul4ritl¢$, In so for os th¢ ¢oun¢il mthlli¢menl iwaT?: . thcrc is no r¢l¢vant audit inf0m￿tIOn of whi¢h the eh8rit8bl¢ company'$ 4udilors unaw4r¢: and . th¢ ¢oun¢il nwagcmcnt hE4Y¢ tAk¢n all st¢ps that Ihcy ou8ht to hav¢ t&k¢n to nwk¢ ¢h¢tnsrlv￿ uware of Any relevant 4udil infomwtion ond to ¢stubliyh that the lluditi>r5 are llware of that infolrnation. PROFESSIONAL ADVISORS As rompatly informati¢)n on p4¢ 1. DEVKtL)PMENT& ACHIEVEMENTS AND FUTifRE AcrllvrriES The choritys ho&tin8 of both Harro8at¢ Spring llnd A￿￿mn Sho￿ in 2024 continuoj the opportunity to re-ensage with the NEHS'S core audl¢n¢¢ in diifeT¢nt wAy$, with SpruiB anti¢ipatuig the horticul￿[al year ahead whilst Autumn cdebrated the season post in both ptant And PTodu¢e. The Su¢¢￿fUl deliv￿ of events Tem8ins ihe Charitys principal awareneg9 platform on a t3•tional scd¢. The Sprin8 2024 ¢v¢nt ¢ontinu¢d its work in en8A8iti8 a n¢w and div¢rs¢ audi¢rt¢e lo the joy of plants and 8ard¢ns. The coniirtu￿ of th¢ Cvcativ¢ Bwdcr And Show Gard¢n ¢ategori¢g ¢n¢OUrag￿ oppominities for b￿h new and utablish￿ de$i8ners. whiltt also off¢rin8 th¢ chance ftir Colle8￿ ond DrganisatirJn5 to share their rn¢55oge with a honiculwral audience. Encoura8in8 th¢ next 8¢ncration of plontsp￿plc was ￿50 shu¢4 with young ￿werS in the plant IbUT5ery hall and & range of independents in a dedicat￿ Ho￿¢pI$ll1 Areo. Aulunjn 2024 & true ￿l#br&I10n of th# nDtthern 84Tdenins year, welcomin8 & preyndemi¢ number of priTZ fruit Jnd ve8etables in the NEHS4upPOrt￿ championships art UTLfiv8llod shuwcuse uf s￿4￿]n￿ble floral Brt by r¢Bion41 wll¢B¢6 within Nwby'3 main hou5& Over o dozen KKi¢tie3 shared their knowl￿￿ of a TanBe of plants and tlowus. from dahlhi to fijchsia. whilst over forty plani nurseTi¢8 5howc4sed a stunn￿8 8¢ason41 di5pIRy. This sharing of knowl¢dge continued to be a key pillar of the ¢haTity'5 work through A numkr of live sts8es and demonstrations at iK*th evMts. Th¢ 'Grow' th¢atr¢ shaTcd p￿tical gaTdening knowledge at both Spring and Autumn whilst the'llutnan Gardener, $¢8sions PTovided insight into the 'pcopl¢ bchind th¢ plAnts' iti a numb¢r of horti¢ultyral krea$. Th¢ 'Gr¢at Northern Lard¢T' offtred grow and ¢4t $essioTh$ whilst the 'Creat¢' stag¢ ¢xplor&J flurlll art and flower arranging for beginners and expens ￿Ike. New for Au￿M￿, the 'Pick and Pr￿er¥¢, th￿tre providvj bmndy hints un mllkini the mu¥t ftom a s¢a¥ot)ul hmrvest. Individual charitable end¢avourg within the both Spring and Autumn raised ￿Thd8 for a rang¢ of organi5ations. including Ha￿O￿at¢ in Blcom {£2k), Ma¢mlllJft {£2k) and the Yorkshir¢ Alr AmbylAn¢¢1£5k}. P¢roJnihJ (Th¢ Gard¢ndJ Charity) Continu￿ its thndr&isiti8 at both ¢v¢nts through its Plant Creche donations and produci sales. (￿tsIde of ihe show& the Charity Continu￿ to utilise 8 varw of methods and ¢hannds to sh￿￿ and promote its work. Building on t￿h sustainability and Ic8ALy fE5ult¢d in two yh(N gllrdajs from Swing 2024 finding new pcrnwicnt hon*s - th¢ Yarkshire Air Arnbulanc¢ 'Gard¥n ofRrll¢¢tion' Al Roundhay Park, LI￿13 and th¢ Harrogate Hospithls Trusl MA¢¢mily Gatden at Harrogate Disiri¢t Hospital. Work in prornotitlg thc ch￿ty B]50 5&w the ddiycry of two indepEndcnt ¢￿Thts. thr Afternoon of Sutlln]rt Bloort8 The Afternoon of Wintff BIcK)ttL8. Both events offe¥¢d practical demonstrations ftom floral eXp￿ts and offered an additional rout¢ in proywtin8 th¢ charity's deavours. Pa¥c 3 THE NORTH OF ENGLAND HORTICULTURAL SOCIETY {REGISTERED NO: 02419964) (A REGISTERED CHARITY LIMITED BY GUARAiYfEE) (CIIARITY NO: 702017) COUNCIL OF MANAGEMENTS REPORTS ON THE GROUP ACCOUNTS FOR THE VEAR ENDED 31 DECEMBER 2024 DEVELOPMENTS ACHIEVEMENfs AND FUTURE ACTIVITIES CONTINUED Practica1 88rd￿ing advice rontiNucd to Ix shar)J througbout the ycar via ￿>￿1￿] malia plaiforn)s irKludin8 Faccbook and InstagTam, rcaching Virti￿1 audi¢ncc5 of up to 15.000. A c-ncwslctter, delivcred throu8h H￿dIe Flower SIK)w5 Ltd. continued to prornole Positive stories relatin8 to hortlculture, issued ￿8U1￿[lY und rLxhinB audiences of over 30,0￿ w issue. I£¢tu￿4 and tslk5 wae provid￿ to 8ord¢nin8 8mup& hotticultural institution5 and ch&ritabte p8rtners. r¢athingAn estitllatul 1.200 ￿0p1¢ during 2024. The charity continucs to m&in(ain atMI develop r¢latN)n5hipi with key horticulwral partners, workin8 aloThgsidc or8anisation5 includin8 Pera]nial. the ChArtered Instithl¢ of Hortieulture. the Associ&iion of Profa8810n￿ iAnth4p¢rs. th¢ Ilorticultsra] Exhibitors Associ￿110n. the Noiional A$s￿latIOn of FloweT ATrnging So¢i¢tl¢s 8nd the Nation&1 Allottnent Society. Th¢ chaTity has further conlinu¢d its Tvlationship with & wide range of Sp￿la11$1 $c¢i¢ty wups. hopefully enabling a stronw and bTi8h¢¢r future for Ix)ih their And our WO￿ and ambition. RWSUI.TS AND FINANCIAL POSITION Dtspiie i returning positivity to lar8e scale ¢v¢nts by b￿h visitors and exhibitors. the chaTiWs trading sub8iditiry Harro8Qt¢ Trlower Show Limiied ￿ntin￿th to fa¢e significani ¢hillenges in 2024. The continued slu88i5hne98 of ludience numbers. cornbin￿ with continuod cost uJcr¢a8¢9 across ¢v¢nt hir¢ ind plant ffsulied in figure5 which Still r¢mAin below th￿¢ of 2019 (Pr￿p￿deMic). The $u¢¢essful hottin8 of events hav* however. continud ty 4]low the charity to cngagc in its aim5 and &￿￿1110mS during un¢¢rtain mes. D￿e¢tOrS of the trading coMp￿Y remain xutely awar¢ of the core aims 2nd ambiti(￿1$ of thc ch￿lty and continue lo implement and moniior cost eS fonn of 8Y8UTance con¢lusion th¢reon. In c￿neCtIon with our audit ofihe fin4n¢i41518*menl8, OUT r¥5P)ll51bility is lo re4d the irth¢r infornution and. in doing so, ￿l$Ider whether th¢ other infomwlion 1$ m•l¢ri4lly in¢on$i$l¢n¢ with the finwn¢ial $latements or our knowledg¢ obtainvj in th¢ Audit or olherwise 4ppeor8 be malerialty misstvlted. Ilwe identify such material in¢on$isiu)¢ieg or oppajrnl m&teri41 mis$tJternmt$. we are requir¢d to detem)in¢ whdh¢r this li￿5 ris¢ to 4 notttiil misstst¢m¢nt in th¢ finan¢ig1 $lat¢m¢nts Ih¢mselv¢s. If. bus¢d Dn th¢ wt>Tk ￿ h4v¢ ￿rforme¢ w¢ con¢lyd¢ Ih9t there is a moteTiAI misstatunent of thig other infom)ation. we aff required to report th&t ffi￿. We hav¢ nothin8 to report in thi$ r¢gard. OPINIONS ON OTHER MA TTF,RS PRTrSCRIIITr.I) BY THF. COMPANIII S Acr 211Q6 In OUT opinion, basoj on th¢ work ￿dertaken in th¢ ¢our8¢ of th¢ ludit.. - the infomwtion giv￿ in th¢ R¢port of th¢ Tn4t¢¢s for th¢ finatt¢1￿ ycar for whlch the Illl￿¢1&1 8tstem¢nts arc prepar&1 is consi8tent with th¢ tininciai stotcmcrtts; and - the Report of th¢ Tru¥te¢s Iw be¢n prepar*] in 4ccordan¢e wilh applicable le￿1 requir¢wKnls. MAIT*.RS Oli WHICH WE ARE REQUIRED TO REPORT BY EXCEPtION In the light of the knowledse and under.4tandin8 of the group ond its environmttnt obtained in the course of the audi( we have not identified nMt¢rfal misst•t¢ments in the Report of the Trustfu, We have n(Ahiny to report in ￿pect of ihc followins mDttcrs where iho Comp&nies Act 2006 ro4uires us to report to you if, In our oplnlon.. - adequDle accountin& rKord& hllvr not be¢n kep¢ or trdurns adequate for our audit have not been Teceiyed trom br8nch¢$ not visited by us., or - th¢ fit)Ancial yts1en￿ts Are not in ￿T￿Me1)I with the 4¢¢ounthJ8 rewrds ind r¢wrns' or Pa8¢ 5 THE NORTH OF ENGLAND HORTICULTUIL4L SOCIETY (A REGISTERED CHARITY LIMrrED BY GUAIL4NfEE) INDEPENDENT AUDITORS REPORT TO THE COUNCiL OF MANACEMENT OF THE NORTH OF ENGL4ND HOR'ficuLTURAL SOCIETY MATTERS ON WIUCH WE ARE REQUIRED TO REPORT B Y ExcbpfioN CoNfL￿ED - cerlain dis¢losure5 of trustL%I TeMUnE￿IlOn specifKd by law Bre mAd< or - we have ncrt reryivcd all the infoTTllDtion explanJtiOD8 we rcquire for (wr audit or - the trustecs weK llol ¢nlida to thke advaTrtage of the sma]I comp￿1¢1 exemption from th¢ T¢quiremcrtt to prqja StrBtegiG Rcport or in preparing the Re]*Kt of the TNstee%. RESPONSIBILITIES OF THE C'OUIYCIL OF MANAGEMKKr A8 ¢xplaiod llM>re fully in the Council of Manag¢ments' R&%w)n5ibiliiies Statem¢41t. set ou¢ on pa8e ihr¢¢. th¢ Council of Manag¢m¢nt {who yre also the dir¢ctirs of Th¢ North of En8land HorticultUTal S(Ki¢ty for the purposes of company l&wl are r¥sponsibl¢ for the pry8t11￿ of the fLnatLcid slaiements and for b¢in8 8Atisfied ihai they giv¢ a tru¢ und f&ir view, and for 5wh internal c(xJtroI as the trustw d￿ennIn¢ bs n￿¢950ryto ettable the p￿paNIon of financial 5tat¢mth¢$ that are free from mgteriai rni85totemenQ whether du¢ to fraud or error. In prep&ritt8 the finaThci&l 8ioiem¢n15. the tTu*ees are rcspon5ible for a5swin8 thr group's And th¢ charitys ability to COMinu¢ 49 A soin8 concern, discl(tsin8* as &pplicabl¢, mutt¢r5 related to 80ing conc¢rn ¥nd u5in8 the gving concern basis of a￿o￿ntIng unla8s th¢ trug¢¢e$ either Itend to liquidr4te th¢ sroup or the chariry or to ¢¢w¢ Qpuatio￿￿, or have no reolistic alt¢mative but io do so. AUDITOR'S RESPONSIBILITIFS THE AUDIT OF TIIE FINANCIAL STA TF.MFNTS Our objectiveg are io obtain reasonabl¢ a8$UMnCC about whether the financial stat¢m¢nts As & wly)l¢ arc free from molerial misJtatert*tlt, whether due to frnud or error, and to issue ath auditor's report that includ¢s our opinion. Re￿Onable 8ssurRnce ig a high level of iwr8thCe, but is noi a guarantee that an audit eottductrd in accordunce with ISAS (UK) will alw&y9 d¢t¢ct A nwteriai rni81￿(emc￿t wh¢h it exists. Missthtem¢nt8 CAn arise from fiyud orerror and are COThSKlered material if, individually or in the awega¢¢ ih¢y ¢ovtd Teasonabty be expect￿1 to it)fluen¢¢ th¢ economie deciqions of u8et8 tsk¢n on the bu5i% of these financial ststcments. The extent to whi¢h our pro¢¢dure8 ￿￿bIt0(d￿ec¢Jns iTre8ularl¢ie8. In¢ludin8 fraud is detsiloj below., We 84in¢d ￿ understhndin8 of the legal And T¢￿latOry fram¢work applicable to th¢ ¢ompiny and ihe industy in which li opcrnte5 and ¢onsid¢r¢d the rlsk otacts by the comparry that W¢T¥ ¢onirnry to appliuble laws and T¢8ulation8, includirtg fraud. We fo¢u$¢d oll laws and re8uliiions which Could give rise to a ￿￿ter1￿1 tnis$tst¢ment tt) the financ￿1 st•tcm¢nts, includiTh& but noi limited to, the Componies Act 2U06 and UK tax legislotion. Our 1¢315 included asreeing th¢ finon¢i•l $tatement duclosures to underlying juptthing documentation, ¥n4uiries with m4na8¢rtKnt ond the ins￿¢t10Th of other r¢gulHtory ￿nd Irsal coffesponden¢e. We addr¢sx4 the ri%k of mllnagrn*nl ovcrrid¢ of intern￿] conlTo15. in¢ludirt8 testin8 joumalg and cstim&t¢5 evalulltina whethu ther¢ was evid¢n¢¢ of bi18 by the tust¥es ihal r¢pTe9ented T15k o( m4leri￿ misstatement due ￿ hud arhd the completettess of incorne recognition by t¢5¢in8 ihe income from th¢ tickdin8 Sothvar takin89 summaries. booking fornu. invtstmEnl re￿Its ￿￿1 supportin8 corr¢5pond¢nc¢. Wo did not identify any key audit matters relatin8 to irre8ularities, includin8 fraud. B¢cau8¢ of the inherent limithtions ol'An audiL thwe is 8 risk that we will ddeci ail irregularities induding those leadin8 to o moteri&l mis51atement itt th¢ fithancial sthtemcnts or norpconwlianLe with regulAiion. This risk incr￿￿ th¢ more that compliance with a law or iegulhtion is removed from lh¢ events &tKI trnnsaclions ttflected in the fiD#ii¢jal statcments, as we will be less likely to become awAr¢ of in9t&nees of non-compliAn¢e. 'I"he risk is alyo grekttt regarding irregularities o¢¢urriii8 du¢ w fraud rnther than error. u fraud involv¢s inteThtionai Loncealmerti. forgery. collu9ion. omission or ml$r¢pttAetttstion. A further descripiiort of our responsibilities for the audit of the flThancial yt*ments i8 lo￿￿￿ on the Fin•n¢iil Rwrting Coun¢il'$ website ai www.fr¢.or&vklauditorsresponsibiliti¢8. Thts des¢Aptiott fomK4 part of our Report ofihe Auditors. iJSE OF OUR REPORT This ￿port i¥ made Rolety io th¢ ¢b8ritsble m¢mb¢r4 as o bw, in accordance with Chopt¢r 3 01 Pan 16 of th¢ ConyThie8 A¢t 2006. Our hudii work hAS been undertaken SQ that w¢ mi8ht sia* ￿ ihe charitys members th08¢ mutt¢rs w¢ gre rqulred to StJl¥ to thun in Report of the Auditors for no other purpose. To the tiillut extent ￿M)Itted by law, we do not ￿￿ept QT 4ssunK re6ponsibility to anyone oth•r than th Charii&ble company and ils memb¢rs J$ a body, for our audit work, for this r¢porL or 14x th¢ opintons we hav¢ forn￿d. Grahom brnDeh (Senlor Statutory Audltor) for And bebaifofDSC Aecoynt¥nts l.td Chartertd AtcouDt*uts Stitutory A•dl¢orn Tgtternll Ilou EaAt Parade Ilarroggte North Yorkjhlre HGI SLT Date.. 12 Moreh 2025 Page 6 TWE NORTH OF EYGLAND HORTICULTURAL SOCIETY (A RECISTERED CHARTfY LIMITED BY GUARANI'LL) CONSOLIDATED STATEMENT OF ￿ANCIAL ACTivfTIKS )R THE YEAR ENDED JI DkCLMBLR 2024 NCLUDINC CONSOLIDATED INCOME AND EXPbNDITURE ACCOU]YT) SUMMARY D4CO,ME AND EXPENDITURE ACCOUNT TOTAL 21124 2023 Notej uNR￿TrICTED ]NCOMING R8SOURCES Voluntary Styeome: Mcmb¢Th subscry>tiotLS and donlltions 2.131 2.13L 2.016 Incorne Irom ottter trAdin¥ aetlvltlei: Commucial trading operations 1.413.908 1,413,908 1.352.096 Invegtmtnt IDtome 12,919 12,919 10,962 TOTAL LNCOMING RLSOURCES 1428 9J8 428 958 1365.074 RESOURCES EXPENDED CGqts of 8eDer4llni fundj: Tr8din8exFMses 1.081,042 1,081,042 1.031.897 Exptidlturt oo chArltiblt aetlvltle4,' DonAliM¥. 8ruts ¥ponsorship ChaTithbl¢ ¢xpcnditur¢ by $ubsidlary 3.428 350 J63 3.428 3JO,363 3240 339,079 Other exp¢•dltur¢i Supwt co$ts 83,856 83.856 89207 TOTAL REliOURCFS EXPENDED 1.518.689 1.518,689 1.483.42J NET tNCOMINGI{OUTGOING) RESOURCES (89.731) 189,731) (118.349) N¢t gainslO058uI on inve5tment8 25,050 25,050 411159 NEI. INCOMb AND EXPENDITURE AND NET MOVFMFNT FUNDS BEFOB£ TAXAI'ION 64.681 77.290 Corpor*tlo# NLT tNCOML AND LXPE.YDITURE AND NET MOVEMENT IN FUNDS AFTER TAXATION 164.6811 77.290 Fund balanLxy brwght forward 433,767 433,767 511.057 FUND BALANCES CARRIED FORWARD 369.086 369,086 433.767 Th¢ $t•t¢m¢tti of finart¢1￿ A¢tirf￿￿ In¢orpoNi¢s th¢ in¢om¢ and ¢xp¢nditur¢ *¢wnt ond th¢ results for th¢ y¢Ar derive from ¢ontanuin8 a¢tivlti¢S ond th¢r¢ ar¢ no 84itis or losses other thon those Shown I￿Ve. THE NORTH OF ENGLAND HORTICULTURAL SOCIETY OiEGISTERED NUMBER: 024J9964) (A REGISTERLD CHARITY LXMITED BY GUARANfEE) COIY5011DA'I'LD BAL4NCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 Notej 2024 2023 FIXED A&8ETS Tangible assels Inv¢sttn¢nts 12 13 15,522 506301 21284 596901 521.823 618.185 CURRENT ASSETS Del)tors C￿h at bank ond in knnd 14 125.098 157.780 282,878 46.400 179780 226.180 CRLDITOHS: &mounts falling due within one 13 418 9481 1343 9301 NET CURRENT UABILITIES 1136,070) (117.750) UiF.DITOILSi amounts fAllin8 due after rtkye than one yvar 16 {16,667) (06,608} NET A&SETS 69 76 UNRESTRicfED ￿UNDs CJenerni Non-¢hwitable tradin8 J)e5i8nat 19 19 19 612.549 {243.463) 746,733 (312,966) I'OTAL FUNDS 369 086 433 767 lTh¢ Mem￿r8 h&ve rquiroa the Compony to obtsin an oudit of its financiAI stAt¢ment$ for the yeAr ¢Trd￿ 31 C*cember 2024 in a¢¢ordance with SeLtion 476 of the Companiej Act 2006. The mcmbcrs ￿knOwled8e their r¥sponsibilities for.. (R) ensuring that the charitsble company keepg awouttiin8 rccord8 which comply with S&tioM 386 ind 387 of the Companies Act 2006 and (bhTrreparinLt 6nllnciAI slAt¢ments whi¢h 8iVt l true and fair view of th¢ stale olaffairs of th¢ chfirithble ￿MPanY a8 ai the end of uch rIn￿ela1 yeor and of its surp]11g of deficit for¢och finan¢i81 year in ac¢ord•nce with thc rcquirements of Seetiorts 394 and 395 And whlch oihenvige comply with the rcquiT¢m¢nt8 of the compani￿ Act 2006 T¢l41in8 to financiol giatem¢nLq, so faT as applicoble to th¢ ch￿l￿b]e ¢ompw)y. The mernbers have prepared ￿0￿p a¢wunts in accordance with 5¥Ction 398 of CompAnieg Act 2006 and xtion 138 of the Chorities Aet 2011. TtL&se fithoneial statements have be¢n prcparLyJ in occordance with th¢ 5pKial provisions of hrt 15 of CompllniEY Aci 2006 relating to sm&ll charitable ¢ompllnics. Approv￿ iy the Council on 12 March 2025 si8nvAI on its bthAlf by the following membet5'. C&H. Smlth CJ. Biyliyi Po8e 8 THF. NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NUMBER: 02419964) (A REGISTERED CHARITY LIMrrED BY GUARANfEE) COMPANY BAIANCL SHELT FOR THE YEAR ENDED 31 DECEMBER 2024 21124 2023 ED A$3F.TS Tangibl¢ ass¢LS Inv¢stm¢J)T5 12 13 9,591 506.305 513.705 6(kn.496 CIJRRENf ASSETS Debtors C￿h at bank and in hRnd 14 119,519 125.630 127.409 169.069 CREDITORS: arnunts fallin8 due within on¢ 15 NET CURRENT ASSETS 98,844 14Q237 NET A&8ETS bTrlRESTR1￿￿D FUNDS Gener41 19 19 612,549 746.733 TOTAL FUNDS 612 'rhe members hav¢ r4uired the company to obtsin an audit of its financilll statements ftir the yellr ended JI thcemb¥T 2024 in accordance with s￿¢70￿ 476 of the Compunies A¢1 2006. The members acknowl￿1￿¢ their Tespon8ibility foT cornplyinB with the r¢quiromthts of the oct with r¢Jpect to 4¢(￿￿11￿8 r¢¢ord8 and for t preparation of the Rc¢ounty. The financial sla(ernents hive been prepared in accordance with the special provi8ion5 of Part 15 of the Companies A¢t 2006 rol8tln8 to small compAni¢&. Approvvj by th¢ Couh¢il on 12 Mawh 2Q25 and $i8ned on its beljalf by the ft*llowin8 member8.' C&H. Sml¢b CJ. B#ylls• Pa8e 9 THE NORTH OF ENe*LLND HORTICULTURAL SOCIETY IREGISTERED NUMBER: 02419964) (A REGISTERED CHARITY LtMrrED BY GUARAKfEE) CONSOLIDATED STATEMENT OF CASH FIA)WS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 21123 Notes Ca8h tlow$ from oper*t1￿% Attlvltlts Cosh 8￿¢￿t￿l from tsptraiions IJ]vestment incornc 1150.569) 12,919 (164.628) 10.962 Net from opcroling activities 137 650 153 666 Caih flowi from Inyeitlng ac¢ivltleB Purchase of tansible fixed Assets [￿rchaSe of f￿¢d investments PTh￿eedS from s￿¢ of fLYed Asset inv¢8¢m¢n¢8 {8.360) (577.887) 734.934 {33,186} 148.836 Nd cosh frorn investin8 4¢tlVili¢$ 115650 148 687 In¢re45aIld￿Te￿￿el in c&%h ￿(1 ￿sh uivale4Jt¥ in the year {2llX)O) {4.979) C￿h and ca8h equival¢Thts pt the E£8innin8 of y¢gr 179,780 184.759 CAsh thd ¢Ash ¢quivalen19 at ihe end ofthe ye4r 179 780 Pa8e 10 NORTH OF ENGLAND HORTICULTURAL SOCIETY OiEGISTERED NUMBER: 02419964) (A REGISTERED CHARrry LIMITED B Y GUARAiYfEE) COMPANY sfATEMENf OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 No¢tJ C*3h Ik)wi from operatiD¥ altiviti Cash s￿¢T￿trI] from C*per&tiMs Inv¢$tmenl incom¢ (164.118) 12,919 (165.503) 10,962 Net¢P5h from operating activitie5 151.1991 152.541 C*ih flowi from Inve$t1￿% Activititi Pur¢hase of tangible fixed assets Purchase of fixed L8Set investhimts PffKttds from sale of r￿ed In￿￿￿ents (33.186) 148.836 (577.887) 734.934 N¢t ¢Ash from inve&¢ing ￿ttY11]eS 115650 In¢t¢asel(thrua¢l in c&th and equival¢rt18 In the ye4T (35.549) 4.506 Cgsh and cash equivAl¢nts ￿ the iwinn￿￿ of the y¢v 43.439 38,933 Cash and cash 4uival¢nts ￿ th¢ ¢tbl of the Pag¢ll THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (REGISTERED NL'I¥IBER: 02419964) (A REGISTERED CHARfiY LIMITED BY GUARANfEE) NOTES TOTHE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 I RECONCILIATION OF (DEFICIT)JSiiRPLUS HEF(>RE TAK4TION TO CASH GENERATLD FROM OPEIL4TIONS GROUP COMPANY 2023 21)24 2023 2024 {Der￿lt￿SUrpluS before twtion Dcprcciatiort th￿Be5 Invr5tment incom¢ Lossl(Gaitb) on invethents (64,681) 5,763 (12.919) (25,050) (77290) 7.318 {10,962) {41.Q59) <134.184) 2.191 {12.919) {25.054) {125,163) 3246 {10,962) (41.059) (96,887) (121.9931 (169.9661 1173,938) Decre￿¢1{1￿¢￿&le) in inventorie4 Deereasel{IiJcr¢AS¢) in tr&de Bnd other debtN8 (D￿r￿¢y]ncTea￿￿ in trode And other creditors (78,6991 25.017 79,017 {121.652) 6.115 (267) 3.845 6.5 Cosh yeneraid from operations 150 569 1164 628 2 CASII A]YD CASEI EQUIVALENTS Th¢ amounts dis¢los¢d ott ihe C&sh Flow Statement in ￿9p￿t ol¢ash ond quivalents in r¢5]Kct of these B&l&nce Sh¢et amounts.. CROiJP 3111212024 0110112024 COMPANY 3111212024 0110112024 Year tnded 31 Decernber2024 Cash and cash equivalfflts 157.780 179,780 7.890 43.439 GROUP 3A112121ll3 0110112023 COMPANY 3111212023 011011202J Year eDded 31 Dtttmber 2023 Cuh ond ¢4UiV41ents 179,780 184,759 43.439 38.933 Page 12 THE NORTH OF ENGLAND HORTICULTUIL4L SOCIETY (A REGISTERED CHARITY LIMrrED BY GUARwfEE) NOTES TO THE FLYANCL4L STATEMENTS FOR THE YEAR ENDED 31 DECF.1￿BF.R 2024 I STATUTORY INFORMATION Th¢ North ofEngland Hortl¢ultural Society is a prryate company. limit￿1 by 8uarantee, registered in England and Wales. The compan￿$ stered numbe¥ and registered office address can be found on the Company Infotnjation pagc. The charity i5 a public bcTr¢fit ¢rttity. I th¢ cvent of thc charity bciD8 wound the li•kn'lity in r¢sw of the guarantce is limited to £1 per member of the charity. 2 ACCOUNTING POLICIES Bwij of preparation 'lTh¢ financial stat¢m¢nts hav¢ bwn PTcpaTed in accorda￿¢ with A¢couniin8 And Rq)ortin8 by Charities,. Ststement of R￿0￿￿ended P￿tICe Applicable to ¢h8ritie5 PTepaTill8 th¢iT arxounts in a¢¢oTdanco with th¢ Financial Reporting st￿dard Appli¢hblc in thc UK and R￿UbliC of Ir#I￿lld IFRS 102) {#ffective l Jllnuary 2019)- (Charities SOtiP IFKS 1021), th¢ Financial ti¢p)rting Stand&rd 4ppli¢&bl¢ in the UK Republic of Irelond (FRS 1021. the cUmp￿7￿% AL￿ 2(M)6 and ttle Charities Act 2011. The North of England Horticultur￿ Society the defmiiion of A public benefit entity under FRS IQ2. Assets and liabiliiies are irkittally r¢w8ni5ed ot hi5tOTi¢AI cojt or transaction value unless othetivise stated in the relevant A¢countinB policy not4s). B9919 ofconiolldldoll These financial statements consolidate the results of the charity and its wholly owned sthsidi8ry, Harro￿te FID￿r Show Limit&l. on line by line bosis. A separote Statement of Fin&ncia] Aclivitids. or income And expenditure aeeounl, fDr the charity itself is nol presemttd bxAuse the ¢harlty hrts takuj &dvanta8¢ of the exemptions afforded by Section 408 of the Conwies Act 2006 Goiog Cooc¢rD The InLgtees are ot the view that there llre no maleria] un¢ertaintt¢g aboul th¢ ¢hAri¢l$ llbility io Contin￿. md the accounts have therefore p￿p￿¢d on • going coniorn basis. IDcomlng rejourceo Income is the arnount derived from the provision of 8oDd5 and Services, and ststed after trade discounts, other 8&les tsxes ond VAT. Tradlng Income Income from Commercial ￿LivItieS is included in the period in whirh the w>up 18 ￿tIlled lo rx¥ipt. In¢(￿￿ received for n¢xt y¢arfs &howT 15 tTUt¢d as defured ]D￿Me. SNbscrlplloMs t￿dd0￿7110 In¢ome from subscriptions wnd don&tion5 15 included in ITh￿￿1￿8 T￿OUr(￿ Wh￿ th¢y rKeivabl¢, Imiesim¢ni income InterHt e•rn¢d by th¢ charity is I￿lUded in the of Finon¢ial A￿1vIlle8 when th¢ charity 1$ 1¢8ally ¢tttitlN110 th¢ incomc and the An￿￿At ¢an be quinlified with rt4sonable ic¢uracy. Dividend8 ar¢ brought to a¢¢ount in th¢ Stat¢m¢rtt of Finllncial Activiiieg wh¢n Tec¢ived. ReJoyree• txpe￿ded R¢8ourc¢s expcndoj ar¢ Includcd in the Statsment of Fin￿¢1¥] Activltl# on an a¢cruil$ ba819, in¢lusfv¢ of Any VAT ￿1¢h cannot b¢ T¢coveTcd. Expenditurc whlch Is directly attribuiablc to gpe¢illc a¢tivitI￿ has bxn included in these cost ¢At¢gtsTl¢s. Wh¢r¢ cosi$ o attributsbl¢ to more thatl one a¢tivity, th¢y have been apportioned across cats8tYieS LNJ a basig ¢onsi9tenl wth the of theye resources. FI￿￿et aud operAtlng lea$¢J R¢ntil$ oppli¢abl¢ to operatln8 leages ar¢ char9￿ to the Ststement of Financ￿1 Activiti&4 over the perirxi they Are incurr¢d. A8gets ob18ined under fmance leas￿ are capitslised a5 tlln8ibl¢ fLxed assets. obli￿tivn5 under such lellsea ure iniluded in crediloTS of finunce churg# all￿1[¢d to fulur¢ peri￿5, Th¢ fmance ¢l¢rnent ofearh p4ym¢DI is chaT8¢d lo th¢ St4t¢ment of Fin4ll¢ial Activitie& so As to pr￿￿￿¢¢ • ¢on$t8nt p¢riodi¢ rat¢ on the net obl180t￿n outstsnding in each pcriod. Depreelidon of tAnglble flxed 4Mets Depreci&tion is provided at the following annual rates in Order to write off each as8¢( other th￿ cups, m￿la15. trophi¢s attd pl4qucg. ovu its u8¢ful life.. All ¢lass¢8 of f￿¢d asg¢tS 4Jr included it historicol CON and assets t¢low a valucof £500 arc not consider&J m&teri&l and so not pitalised. Impann¢nt r¢vi¢w$ o￿vr when there 1$ an indication that ihe assets may be IM￿1r¢d. FIx￿r¢S and fittings.. 10-15% FW annum on ¢051 mot￿ Vehicl¢s'. 20% per &nnum on c05t Show 8rOu[￿ improvements,. Over 9 yeaTS on a straisht litte ￿$1$ W¢b$ite D¢veJopmcnt', 25% per Annum ott ¢08t lttvestmentj InvesiTnen15 stafyj it market Yalu¢ at the balan¢¢ sheet date. Th¢ Statrnt of Financial Artivilieg in¢lud¢$ th¢ n¢t gttin8 thnd loss¢ 8risin8 on revaluations And dis￿5&15 throu8houl th¢ year PJg¢ 13 THK NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CIL4RITY LIMITED BY GuARA￿EE) NOTES TO THE FINANCIAL SVA TEMENTS FOR THE YEAR ENDLD 31 DECEMBER 2024 2 ACCOiThYTING POLICIES- eootinutd Irrecovtrabie VAT The ¢hariry and its tradin8 sub5wJiw are VAT re8i8ter¢d and are wti￿lY ¢xwL VAT 1$ ffeclainKd wh¢Tt possille and 8 irttcoverablc VAT is tsken to the lThcom¢and Exp¢nditur¢ a¢count. Futtd Ieeouotlng Futhds held by th¢ ¢h8rity are either.. Urpreslricted gentral fvJds, wbKh art fimds which can be usry] in ￿￿allet with thc ¢hgritabie objects ￿ the dixraion of the Council of Mwgen*nt. DeJIgna￿dIWth. which aT¢ fimds Set aside by the Council of M8na8ernent out of Unrestrict￿ 8enuo1 fimds for specifi¢ future PUWCS. GoverDmeDI gr•#ti Oovernment granLq tel￿ta to the purdJas¢ of a8gets are treated as defer￿1 income and allc¢ated io th¢ profit 4nd10gs ￿cOUnt over the useful lives ofthe fElated L8sets while grants related to expenses are recognised in the profitand loss ac¢ountwhon rrttived. De￿ord Trad¢ and other debtors trt reco￿11$¢d at ih¢ 8¢ttlement ATnount Aft¢rotty traded1S￿￿t offtrej, Prepa>￿tY are valued at the amowit prepabj ttet of any trlld¢ discounts du Cub At baak aDd ID b4nd Ca6h at b8nk and c&8h itt hand includa4 cash and Short t¢rm hI￿]Y liqubl investments with a $hort mAtiJrity of three moDthy ￿ l#ss frimn the date of acquisition or Iwenin8 of the deposii or similar ￿￿ount. CredltL)rs Axd provljlooi Crtyjitors &nd provigiona are recogni8ed where th¢ charity has a preyent obligation r¢8ulting from a ￿t event that will probably Tosult . the tr8n$fer of fiJnd8 to a third party und ihe &rnount dye to sdile th¢ obli8Htion can FK measured or emimfyl￿ reliably. Creditors ￿nd provi$ions are nomully reco8nised llt iheir K(¢l¢m¢nt amcrtmt Bftcr allowiD8 for any trade discounts due. FIDin¢lal IDJtrnmeDts The tr￿1 only has financlal as8¢t8 and fittanei&l liabilities ¢)f& kind thut qualify 0$ bjsic flnancial instrumEnts. B&qic fmanciai instruments are initl8lly rrtognised at tron%action value und subsequently measured Al their settlement va]ue. Sllpport SuppDrt costs t1￿$¢ fun¢liott$ ihgl assist the work of the ¢h4rity but do not directly undertake ¢h￿l￿ble arfivitie8. Peffj$loD ¢ts•li olld otbtr post-rerfrtin¢D¢ b¢ntnt8 The Lompany operates a defined ¢oniribuliott pcnsion scheme. Contribution$ payabl¢ to the comwlg p¢nslon 8¢hemo llre chat8ed lo the profil ond1068 a¢¢ount in the perlc41 to which ihey relat¢. Th¢ contribulions ure treakd 09 Costs of gajerating fund$ and Irlldinu expA)se8 ofthe sub9idiary. Th¢y fomi part of the unNlri¢ted filnds of the 8roup. Rel&ted parlles Ag the ¢onwary prepores publicly avttilable con501idatvJ fLnan¢ial ￿al¢meThts, th¢ cornpany has taken adv&nth8e of the avail4bl¢ exemption hft$ th¢Jrfore noi digclosoa tran￿CtIOnS or bll1anc￿ with its wholly owned sub6idiRriey, ChAri¢able expendlture During the shows. the subsidiary prOm￿cl horticulture on behlf of the pATenl charity through o variety of m¢ans. in¢ludin8 exhibitions. displays and spons0￿h]p. The densorship re]at¢ to the Young Honiculthrist of the Yellr. Support ¢ost$A%g4Xl&ted with grnttt mdking activities fomi part of the overall support costs but are not sepAraiely identified. 8 CHAIU'I'ABLE EXPENDITURE BY THE SVBSIDIARY Lxwing th¢ sh(7ws, Ilorro8ate Flow¢r Show l.1m1t￿J promtes horticulture through a vllriety of mean5, including ¢xhibitions, displ and spon80rship. The Charity deem5 that part ofthe C￿ts of hosling the show5 IB ¢h4ritablc cxpenditur< is shown ￿ such in thes¢ a¢¢(Hmts. A bmkdowu of the charitable expendilure by the 8ubsidi8ry is siM)wn below. 2024 21123 83,921 107,482 2,110 3B,391 4,31J 54,691 13,423 46,030 350 363 80.561 105.768 2250 39.873 4,157 50,386 24.599 Marquees Staging Florai Art Jud8¥y exrKnse$ Prize Money Show Feuur¢s Sponsorship 339 079 9 RESULTS OF SU￿￿)lAR Y UNDERTAKING Th¢ Charity has i 100% trad1ngsubsid1￿ undertllkin8. Harrogate Flower Show Limited, which is incorp)r￿￿J in En8land and W&ley Iregist¢red number 02485663). The tt8iStered offic¢ addre$9 i4 the some as the pthr￿t, and c&ll be found on the Company Infomwiion se. The sub$idi4ry UDd¢rtakin8 rnn5 hvo Ilow¢r shows eoch year. A summory ofity tr4din8 resul1$ 1$ shown below. 2024 21123 Turnover Cost of sales 1.493.908 {743.8201 750.088 1350,363) 1330.222) 69J03 69 69 1,432,096 {747,412) 684.684 (339.079) {297,735) (yrogs profit Charitsble expendI￿re Admirti8tration expense8 Net profrt before tlx Net PTofrt after tax Sutplus l {der￿Ll) 47.870 Page 16 THE NORTH OF ENGLAND HORThCULTURAL SOCIETY (A REGISTERED CHARITY LIMITED B Y GUARANfEE) NOIES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DEC.EMBER 2024 9 RESULTS OF SU￿￿)IARy Lry. DERTAKING - tontlnutd 21124 21123 TurnovEr uf tbt iubildlary ¢Drnprfis¢¥ RcYcNuc fram provision of trading 5¢rvice5 Don•tKon from T￿NOrth of Erygl￿d Horti¢u]thral Society 1.413,908 80.00 1493 908 I JS1096 1432 096 2024 2023 TrAdlng expeDae8 oftbe iubiidlAry comprlsE& of: Cost of sales Administrntion expM8¢5 Lcss.. management chAr8¢ to The North of EnFJand Horticultur￿ s￿iety Athi.. management ¢hgr8¢ from I'h¢ North of England HotTi¢uIDJral SociL%y 743,820 330222 20,000 747.412 297,735 18.730 1081042 1051897 10 ANALYSIS OF STAFF COSI8. TRUSTEE REMUNEIL4TION AND EXPENSES AND THE COST OF KEY MANAGEME￿ PERSONNEL 2034 2023 Ww r4nd 5alaTie8 Social srfurity ¢osts Bion ￿3t& 156.809 13.207 186.637 14.898) 1711114 18¥519 Oth¢r¢mploye¢ bery¢flts 4,280 2.921 All employees are anployed by thc subBidiory undertakin& The Avexllse mffithly nurnber of ernployee% durinB the puiod was mad¢ up followg.. &nd managem#nt,' For thtr duration orth¢ Showg, 8dditional 8thff w¢ ¢mploy¢d. An Av¢rnge of 40 Pttjple Are ¢mployed durin8 ¢a¢h Ohow. The SFffin8 $how lasts fi)r 4 days and the Autumn $how1os18 for 3 d4y$. The above costs include the additionoi st&tTernployed durin8 eAch 8how. Members ofiho CouTLciI ofManll8ernent's emDIuTnents'. Tr MeTIK)r￿durn llnd Artio1¢4 of A85(Kialion do not provlde for the Council of manag￿ntht to rnxciv¢ rrmuncralion or other bcncfits arising from their membership thereof. No rnernber of the Coun¢il of M4na8¢rn¢n¢ receiv￿ ony ¢wns¢s {2023.' nil). Th¢ key mAnAg¢m¢nt p¢rsonncl of thc pAr¢ni ch&rity compris¢ the trustees. Show DirKtor and Compony Swrelary. Thup also wmpris¢ th¢ key mun8Bement pwsonnel of th¢ 8TOUP. The total ¢mployee bell¢fits of rh¢ k¢y mana8&￿ent personnel wer¢ £127.714 (2023.. £124.676). All o( the dir￿l0[¥ of the subsidiury undertaking are also mambets of tho Council of Mani8ement wlth th¢ ex¢epiion of D. Matthewrn￿, who is An indep¢nd¢nt dir¢¢lor of the subsidiary. None of ihe iNate¢s r￿1V￿1 any remuneration from th¢ subsidiary The numberof enwloyees whole en￿LumeN1& defined for tsxation purtrf)seA amountyl tlj OV¢T £60,000 in the year w&s gs follows.. 2024 2023 £70.001- £80.000'. Page 17 THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARJTY LIMITED BY CUARANTEE) NOTESTO THE FINANCL4L STATEMENTS FOR TIIE YEAR ENDED 31 DECEMBER 2024 11 INTEREsf AND OTHER INCOME RECEtVABLE 21124 2023 and building S￿lery int¢re8t Dividendg & other diStn￿￿tiOnS 57 12.862 12.919 12 TANGIBLE TrIXKD ASSETS Webmlte DevelopmeDt Show lrouad Improvemeats Motor Vebklei Flxtures Tropblej, piique8 & medals Tottl GROUP Costs: Ai l Jmuory 2024 Additions Di$rwalJ At 31 tkcember 2024 14,480 41.078 811 61,369 14 480 811 61369 Depreciqtion.. Ai l January 2024 Char8e fory Di$poso]s At 31 Dec¢mber 2024 5,525 2,985 5.000 29,559 2.778 40,084 5.763 Net book value AI 31 D¢L*mber 2024 Nd book valu¢ At 311)¢ttrnb¢r 2023 21 811 ￿84 Tothl Mol¢ir Vthlclei Flxtureo A￿d Ilttltty Trophlts, pIAq•es & ffjtdjli COMPANY l January 2024 Additi0Thg Disp0581$ At 31 De¢wnbw2024 3,000 31.647 37,458 Deprechation: At l January 2024 Char8¢ for year (kn disposals At 31 December 2024 5.000 22.867 2.191 27.867 2,191 Net book value Ai 31 DecembeT 2024 81 Net knk vulue At 31 D￿emb¥r 2023 81 Pa8e I THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHARITY LIMITED B Y GuARA￿EE) NOTES TO THE FINAl¥CtAL STATEMENTS FOR THE YEAR EI¥DED 31 DECEMBER 2024 13 IIXED ASSKTS INVLSTMKNT Lilted UDliated TotAJ GROUP Mth Valu¢ At l Jonufyry 2D24 Acquisitions at C05t Sale procewJs from disp05a15 Gain in th¢ year At 31 December 2024 596,901 33.186 {148,8361 596.901 33.186 (148.836) 506 301 Hisiori¢ ¢wi at 31 [kL￿nb¢r 2024 Historic COB¢ at 31 DeMmber 2023 483.116 483,116 COMPANY MBrk¢t Vwlue At l January 2024 590.901 33,186 {148,836) J96,903 33,186 11411,836) 25.050 AcquitTritiOTk4 at LOYt S&1¢ proceed8 frorn dis￿$01s Gain in lh¥ year At 31 D¢¢ember 2024 Historic at 31 tkcemE¢r 2024 Historic 31 tkcemb¢T 2023 483.116 483.120 Ail listed inv¢sim¢nt9 RT¢ 8hLxvn ¢v¢ry year at mork¢i valuq obtsin¢d from th¢ invo8tm¢nt mana8¢mMt r¢pJrr5. In￿￿￿ents are hdd Primarily to provide an Invesiment Rthrn for the Charity. Ail listed inv¢sttnent$ are UK li5t¢d Y￿urities, The unlisted inV￿ntS for the wmpany wnsist of loo% of the i$6utrJ share ¢apltai of the tr&din8 9ubgidiary, Harro￿te Flowty SIM)w L5mit¢d, a ¢tNnpftny Incorpomted in En8]attd and Wo]¢9. shar￿ held in th¢ 9ubsidiAry HaTTogate Fl¢)w¢r Show LImst￿l aT¢ Ordinary shares and the chllrlty controls 100% Of the voting risht$. 2024 2023 A8gregate capital and Te5erves (LoBsyProfit in the ye4r (243.4631 69J03 {312,9621 47.870 Pa8¢ 19 THE NORTH OF ENGLAND HORTICULTURAL SOCIETY {A REGISTERED CHARITY LIMITED B Y GUARANTEE) IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14 DEBTORS GROUP COMPANY 2023 2023 2024 Trade debw Other debtorB Owcd by group undertokin8 Pr¢pYft￿ts And Accrued in¢otlle 22,760 2,650 20.266 3,011 2.650 101,987 3.011 108,737 125 098 46.400 119519 125630 15 CREDITORS- AMOUNTS FALLll¥G DUE WITHIN ONE VLAR GROUP COMPANY 2024 2023 2024 2023 Bank loAn8 and overdrlltt Other taxes and 80¢iAI 5￿UrIty costs Aecrned expenses and deferr¢d income Trad¢ Creditors 50.000 9,974 203,257 155.717 50.000 21,574 225.925 22,075 6.490 21,370 D¢f¢rr¢d in¢vmE ¢omprises of &dvAn¢c tick¢t 5a1¢5 4nd trnde Stand b￿king5 relatoj to the Sprin8 2025 Flower Show to ￿ h¢ld in April 2025. 2024 2023 B￿￿￿¢¢ ag at l Jattuary Amount rel￿ed to income from trading oPer￿lon¥ Amount deferred In the y¢AT Bal&n¢e a9 at 311)ecember 221.725 1221,725) 199 492 199492 226J17 1226,3171 16 CREDITORS-AMOUYTS FALLJTrIG DUE A ￿ER MORI: I'HAN ONL YEAR GROUP COMPANY 2024 2023 2024 2023 Bank loan5- 1-2 yts Bank loan5. 2-5 year& 16,667 50,OOD 66.668 The 16 4 CoronovitM$ B￿L￿eSS Interniption Loan. This cpffi¢8 a 8overnment 8uarnntse for £200.000. The bal8n¢¢ 58 un%cured. 17 OPERATING LEASE.GROUP Th¢ to￿ of minimum lease payments und¢T non4an¢dlabl¢ operaiin8 k&seg are.. 2024 2U23 Nut ihlln oThe year.. Later thAn oney¢ar ond not later than five Ye￿8.. L4*r lh￿ fiv¢ y¢ats'. 270.792 128.390 34.680 433 862 243,889 32.640 42.840 319369 18 TLXATIOI¥ The tax char8e on incomirt8 r¢8ources for the yar was as follows.. 2024 2023 Currvni tLx.' UK ¢¢)rpcniion i The company. as a registered charity. is exempt from t￿ttl￿. Th¢ thx ¢h)r8¢ 8bovc rdates entirely io the company's subsidiary undertAkin8. PaB¢ 20 THE NORTH OF EIN'GLAND HORTICULTURAL SOCIETY (A REGISTERED CHARtTY LIMITED BY GUARAiYfEE) NOTES TO THE FLNANCIAL STATEMEMS FOR TIIE YEAR ENDED 31 DECEMBER 2024 18 TAXATIOIY- tontlnued 2024 2023 Suhldliry tax re¢o4¢lll•tloD Profitl(1055) on i)rdinary aGtivitie5 befo￿ t￿15e£ note 9) Profitl(105s) on ordinary 8¢tiviti¢$ multipli¢d by the standard rate of COTPfWAtion tax in the UK (25%- 2024. 19%- 2023) M&r8ina] Relief Etre£ts of. Donation to pgr¢nt ¢hwity l.oss caffied forwd Loss to cany forw&rd against future profits 47.870 17.376 (2.708) 9.095 (14,6681 {9.095) 19 ANALYSIS OF CHARITABLE FUNDS ANALYSIS OF UNRESTRICTED TriJNDS OF THE CHARITY GRoirp Syhgldlary tridin% fwndi De$lEll•tcd Totsl IlilaDC¢ At l January 2024 Income Expenditure Gains ￿dIO$s￿ R￿laSSifiCatIon (312.966) 1.493.90¥ (1.424.405} 746,733 2U,0S0 {1872841 25.050 433.767 lJ21,958 (1.611,689) 25,050 Bdance at 31 De<¢mber 2024 243 463 612 549 COMPANY Gelleral Dejlgnated Totsl Balance ai l janu￿ 2024 Income Exp¢nditur¢ Gains and1088¢4 R￿1￿$s1t7¢1t1Oll 746,733 28,050 (1117,2841 23,050 746,733 28.050 1187,2¥4) 23.050 Balanc¢ &t 31 D￿eMb￿r 2024 612 549 612.549 ANALYSIS OF UNRESTRtCTED FUNDS OF THE CHARITY- PRF.VIOUS YEAR GROUP Subjldknry CTentr•l D¢JlJKnBttd Total Ha1￿Ce it l Jattuary 2023 Ineom¢ EyendibJTe Gains and loyses R*lts8ifiration (360,836) 1,432,096 {1.384226) 871,893 24,978 {1912001 41.059 511,057 1,457.074 (l.J75.426) 41.039 B￿anCe at 31 D￿ember 2023 1312.966 746 733 433 767 Pag¢ 21 THE NORTH OF ENGLAND HORTICULTURAL SOCIETY (A REGISTERED CHAIUTY LIMITbD B Y GUARANfEE) NOTES TO THE FINANCIAL STATEMEN73 FOR THE YLAR ENDED31 DECEMBER 2024 19 ANALYSIS OF CHARITABLE FUNDS- ¢On¢In￿e￿ COMPANY GeDer&l DesigDAted Totsl Balan¢¢ at l Januw 2023 Incom¢ E￿ndilure Gains and1091e8 R￿1&￿81r1¢￿(1lJn 871.893 24.978 1191200) 41.059 871,893 24.978 (191,200} 41,059 BalaTh¢e 4¢ 31 Dex¢mber 2023 746733 746 733 20 RELATED PARTY TIL4NSAcfioNS "I'h¢ soci¢ty hlls rented oifice space from Newby Hail to the vfftlue of £23,073 (2023..£20.703). L Compron is employed by Newby HalL sole trsdin¥ b￿lnesS oper&ted by her husband (R Compton). At the balance 5he