REC.ISTFRF.D COMP.4NY .%LF+lBER: SC241 122 ISL'Otlandl
RF.f.I%TTr.R Tr.1) C-.IIARI"ri" .yi.'NIllF.R: SC024684
KF'PITrKT ()F THF. TRIISTF.FS Ah"D
1144Aiif)ITF'.I) Tr'IP4.4NC'IAL.%T ATEMF.%T% FnR THF. YF.AR F.NDF.J) 30 SF.wfEMBF.R 2fj24
FOR
'F.II' I)F.F.R ALRIC'L. L'I-L'HAL A5SOCI.4'ri().y

F.W" DF.F.R AGRICLTLTIJKAL ASSOCIAI"IOI
C()YTF.NTS OFTHE FIIAYCI.4L.STATF.Mb'NI'S
F()R THF. I'FAR F.NDF.D JO SF.pTE￿I￿BER 202$
Report of ihe Trusler5
Independent Examin¢r'$ Rtporl
-Siat¢ment of Financial Acii%'ili¢s
Ilalgnc¢ Shtei
Nnie5 tTr the Financial $131tmeDts
6 10 12

YEII. DF.F.R ACRICULTUIL4L ASSOCIATION
REPORT OF THE TRI15TEL5
FOR THE YE.IR E￿"DED JU SEV'I'L.MIIEK 7025
I he irnsiees who are also direiiors ofthe chariN. for tlje purposes of rhe Companies Aci 2006. presLnt iheir repoti willi
Ilie lillaDLidl 51ÉtlLmenis of IliL chariiy for Ihe J'ear end¢d .)n S¢ptemheT ?Tr2S The ITUSliLi havL adopied ihL priikT.4inn
of AiinuntlJl8 and Reportino b) chaTiiie￿." 8iaicTncni of Rcrorlltnendtd t¥¥Lii¢¢ applicablc ro chariiies prcpariD4T Ihcir
acciTrunt% in accoTthce wilh the Finanti&l RepLTrrtinL Siandard uppliidblc in the LK dnd K¢public of Iieland (FRS 1021
l¢llL'LIIYL' l J¢UiUdry 20191.
()FiIF,C.TIN'FS A￿E1 AC.TIVITIF.
ObjeLtive5 #ims
l-he chiifTt)'5 objeciives are ihe promijiion and ddi'anL¢m¢nt ol. IdnninB and a¥riLuliural iiidusiries in Hucban and I
a%$15t agriciiltUTal, rural or an> oiher a550ciaii(bns (If VTgaDisaiion.% In 1SuLhan >1) 10 b¢ of rh¢ benefii Iii lh¢ ltiLal
CL)rnmunitv.
ACIIJLVEMF.Tr4'1'S AND I>ER TrC)K.Il1l.YC E
I hL' Tnain aihicvcmLrii i¥a5 IIIL lioldiDg i)f Ili¢ I1%1>-da￿ annual show In Juli. This %¢ar We hLld d Iiwc mu5iL ¥v¢n¢ boih
th¢ Saturda> and Sunday whicli allracied a differeni audi¢nce and ¢¥iremeli pupiildT
Wv ¢ilJLTr Iivld ¢1 liidies ciliernuuTI l¢ci uiiv M¢¢k belore Ilie sliDW and our annual '(iin Nighi. iii FLhruary M'hich both pi'()vcd
to be very successtul and ￿.¢11 attended fvndraising ¢%'enis.
"IP4ANC'IAL KEN'TLM,
the )'Clc r Ihe charity reported income ol. £19i.966 (2024 £190.11)1 l. 'I'hc ¢hariry L150 reporlLd ¢XPLndiiuro
£1&5.9$9 i*Q24 £1.14.9.191 r¢%uliin¥ in nii in¢()m¥ of £?8,￿)7 17024 £55,352). A5 a resuli. Th¢ unrLSITiLled funds
InLf¢i￿ld Iv £374.i23 Ihi5 )LMr Iroip £318,911.
The policy ot'rhe charity is ID Tciain unre%iriiicd funds ai a sufficieni level io ensur¢ thai ihc Ncw. r)Lcr Show Clin be run
on an Jnnudl bllsib. Al Lurreni ILVLl% i)f e¥p¢ndiiure. a fiish res¢rn¢ of dl l¢d51 £1411.oon ILI i1iL >Lar eiid Ivill pr(IbidL
coiiifiin in the ¢veni iTrl' d %ibiiiifJL41111 downfall in aiiendees, Iliai ihe show can be paid l(w.
The mJ%iLL% havL IhL iriJji)r rilks liTr %ihi¢h ihe ¢hariN- is exposed. and arc %aiisli¥d Ihat 5551ems are in plilLL Ill
niiii¥ialc L.XP()burc lil thl mdjOT risks.
'I'RI"(.'I'IIRfr', <.'()VTr'Kli.4.NC'E AYV I1AY.4cf.MF.NT
I'hi Lhdrit! is a ioinpanN li¢iiited bi giiariinl¢¢ r¢¥pi%ler4d In %L'uildii¢J wilh the ()IfLie of the Scoitish C.hiLril> KLgpulator
(L'liarilv Nuiiiber SC0246841. It 15 gov¢med and admini%leTed undLr thc LvmpanN's Arti¢les of Asso¢iuiii>n.
ITh¢ Inisre¢s who 11f¢ 150 dircytnrs f£)r the PUTfrt)8e ufcoTnpaTr)' la*. dnd whts served during Iht5 periL)d frLim 151 Ocrobcr
2024 10 The dale vf the linancial SidtLminls apprvvrd were as follow's..
Mr Ci A (iih%on
MT A J Kindnl,￿ IrisLWLkd 9.1.251
Mr (' ￿, SirdLlidn
Mr 13 A Wilson
Mrfvl JGrav
Mr S Donald lappL)ini¢d 9.1.241
Mi. J Sieele IdPPÉ)Inie0 9.1.2.51
Melljbers dr¢. ri¢ruil¢d fTOin shi)%siTr¥ in Ihe a5sociatioii. aijd are all ILKal peopk intvre51¢d in the coiitiiiuation nt.
thi.￿ d%%()iiaiion. Ille> pay an atinu411 niembcrship fee lo ￿m?￿n Fyart of thr a%￿)LIall0n F'rom ihi5 Iiietnb¢￿hIp ￿)(￿1 thc
iirrlni direcror5 %ire voicd on iin anvual basis. l-he £i)nveniTrT 1% a 4 ￿Lar appointsiiLni and is again v4)ied on bv Ihl
Lurrcni member%. The ti)n%'¥nvr's role is overseLin¥ and Lnsuriijg Ihc hcalih and safeTh' of the ? da> %hi)w.
Th15 rcport ha5 IKcn prcparcd in a¢¢tsrdan¢e M'iih th¢ special provision5 of Part 15 ot Ihc compdni¢& Act 2006 relaliDgT I(1
"I"he tn15t¢es are Te5w)Tsiblc f()r ihe TndiniL'nanLe and integrity of Ihe infom1￿10￿ included the LhdriiaDle COlllPdn>'s
eb%il¢ LL¥Tj%laliiin in IhL UIiiiLJ Kin¥<k)m SO￿ernIng ihe prq)aration and dissemina(Lon v( Ihc Iinaiicial 5tatemeni
Inai, diller I'rom legislalion in olh¢r Jiirisdicrion.
Page I

NF.W DEER ACRICLLTUILAL.455OCIATIUN
KF.YOKI" OF "J"HF" TRIISTFFS
FOR THE YEAR EYDED JO SEPTE_IIBER 2024
RF.FF.RF.NI."F AP+D .4DMINIS'I RA TIVF. IIFT AII.S
Registered Company nurn ber
C.251122 {Scotl￿d)
Re%islcred Charitv number
SC024684
Regi¥tL'red nrrict
I Init 4 '1'hL Old M2n
.klaiid
AhL..dL¢nshirL
.4B42 ANH
Tr115tees
A J Kindness Iresig7ned 9.1,251
R A W'il&on
l J Gr41
J Sicelt (Élppoinred 9.1 •51
Coiiiii4iiv Secret¥ry
1ndL,￿nde￿i F.x¥mintr
4u*an Y Hlphuni L.4 A'l"I'
Ireel
l.ras¢rbur&)h
AberdeÉ'iishire
AIJ4_1 gJL
Appri)ved i)r(ler i)f Ilie board iTrl-¢ru.41¢¢% 0
and Sibined on ils behalf by:
MJ(*r&v-
ee
Page 2

INDLPEYDF.NT EX_4NIINF.K'S R Tr.P()IiT Tn TTrlTr.'fRI.'STF.F.S OF
F.W"' DELR.4GRIC'LI.TI.-RAI. ASS(K.I.4TION
I ripott on IIiL aicounis for the ended 30 September 2(P_S sei oui ￿ paLke< four to t¥velv¢.
Re%p¢ttiv¢ responstbilitics oltru%t¢t5 examiner
Th¢ ¢haritJ's Iruiiees are responsible tor the prepardrion of the accounts in ￿¢t)r￿d￿lL. 14Ltli rhe ienlls of ihe Charitie
Iid .1 ru.4iee Iiii'eslrneDr l%coilandl Act *ll()_i and the I'hdTTtIL'%.Acu)unl% lkn-i)tlandl Kcgulations 2nO(i I( tn¢nd¢d). .1 hc
cliaritN'5 rrustees rc)nsid¢r that ihc audil Tcquiremtni %)r Regulation 10(Illal to Icl of ihe.4cci)uni) ReLyulaiion% dots noi
apply. It is tnv respdn%ibiliTy to examine the dLLollnts as rLNUtrcd under Seciion 4411)i¢l tsf ihe ALI diid lo stale wheiher
partlLuldr matt¢rs havL' LiTrinL' Iu dltL'ftlitsn.
Rasi4 lif the indepcndent e¥4Miner'% reporl
l) L.¥￿1￿￿]nd11l)n l<irri¢d i)ul in ￿llE1}la￿l¢¢ wilh Regulaiion I l of the Charities Accounts Iscoilatidl Rep.iilatian
211U6 An L'xdrtiinatiun inLludL's d rLI'iew u1- Ilie aicouniitie rtcord5 k'epr bv rhe cliaritk. and u ci)mparison of Ihc Hcc()Jnl
prLieni¢d wilh Ihov riv)Td%. It also includes consideration of anv unusual items i)[ ditsclosurcs the aLcuunls. diid
SL'L'kiii¥ explanations Irojn Jou as Iru51ees concerniDL an￿ ¥uch tnuiierb. The pr(kL'dur¢s uiidenaken do ncil priividc all
IIIL evidence that would be required ID an audil. atml i￿￿￿YUrnll) I do r￿1 express an audir opinion on th£ licw ¥lVLn
b> The accounts.
Indep¢ndeni exgmln¢r's stgtemtnl
Iii conneciioii wilh m> exLiminaiii)n. nii JTratter hiL% Cl)fJiL li) rnv ￿l£ll110n
11 I which giv¢s me reasonable ca￿se lo lJeliei¢ ihai. in wnolLrial r¢sp¢¢I. lh¢ rtyuirements
til kcep dCCOUnting rcc(>Td% in a¢cc>rdanc¢ With kniion 441 l Kal Of the 200.5 ALI and RLgulaiion 4 of lh¢ ?OtJ6
lu pJipari aiiuunls w.hi¥li a¢14)rd with ihe accounting records and 10 ¢omply %%iih Kegulaiitrn R rjt" Ihc IOD6
havl ni)I bL'cn mci.. or
121 ti) which. in my opinion, affeniion shoiild he dTawn in ¢*iJ¢rtth ¢nablc a proper undcr8tanding of th¢ 4¢counis io b¢
rc8¢hcd.
S115dn M HLphum C'A A"I"r
I"he In.%rilulc ol'ChartLTcd Accounianis of Scotland
l.Lipir &. %uinm¢rs
4 Lhdrl()ttL Street
Iraserbuish
Al)erdcen$hire
AF14.3 9JF.
L)aiL'.

FW DEER AGRICULTUILiL ASSOCI..ITION
STATENIL.Y"I" Ofr FIN_&NCIAL ACTII-ITIES
UR'I"IITr. I"F.AR FYI)F.I) 311 SF.PTF.hf IIF.R ?024
Unre51ricred
fund
tund
1￿c()mF AIND F.￿[)0￿mEN4TS FROM
ClIArilfiblt Sell￿1*1es
ci% Dcir Sho
Lhariiablt expendkture
157.878
149.532
31.i40
4,748
Ini'esmienr illcome
4.i72
Tvial
193,966
190.291
XPF.NDII'I,'RE ON
Ri¢ ising funds
16.187
17.014
Chiritable mcli￿]IleS
Ncw l)eer %h(i%4
(-.hJriidblL Lxp¢ndilure
140.Q80
Nll.4&9
24.", ¥4
165 1)5¢1
1.14.939
.T INC()ML
?iI.OU7
Rb'C'(INC'II.IA'I'II)ry I)F' Tr(.'NDS
l otal funds broughr ton+'aTd
i74.321
TOTAL FI.'NDS CARRIF.D F'()RWARI)
402 3JO
I he noie5 form part of these t￿nancIal 51atemen15
Pa8e 4

YE￿. DFFR AC.RICVLTI.'RAL EISSOCIATION
BALAhCE SIIEF-"I"
31).SEWI'F..MBfr.k ?025
202$
Unre5tricred
fund
Tt)tal
runds
'IXLI) ASSE'IS
Tangjible assc15
10
244,947
182,JlO
CURRF.NI ASSF.TS
.760
1 $7.376
C'.ash at bank. and in hand
166,136
202.412
C'RF.DITORS
Arnauni% falling due within (Trn¢ year
12
18.7571
I l O.i991
F.T (".liRRF.NT 11￿4￿..1.￿l
157,383
192.&1.3
LIABILITIE
402,330
374.J23
NF.T A.4.4F.T
402,33()
374.323
Fl,Nl)S
I Inr¢8iricicd fijnds
13
40? jlfl
374.323
'I'UTAL Tr'I,'NDS
402 ilo
374.321
'Fht Lhariiable compan). is eniiilld ILI Lximoivn frvm audii under Section 471 of Ihc Companies ALI 2006 fr>r Th¢ >Lar
ctidcd 10 Scplern￿r ?D?4
Th4 mL'mlk'r% hd¥L noi rLquifLd Iht c¢)mpany io obt1¢ tn an iLudii Ill" IL% lin¥nii#l st￿L.(71t111s fDr IliL yLaT ended
311 SLPtLiiibLr 2D2S iii ai¥ordaiii¢ iviih Se¢iion 47b ot-¢h¢ Col￿PaniC¥ Aci 2006.
I hc Irust¢¢s d¢knowl¢dbpe Ihetr resrK)nsibiliiies for
¢nsuri1i8 thai the chariiable cwnpan) k¢¢ps acrountins r¢¢ords that complv wilh Seclinn% .Ilifi 387 of thc
Companics ilcl 211116 and
prL'p￿Ittg findrtLial %lalements ibhifh give a true and fair vi¢w of the Slate (Trf uifairs ofihe cliariliible Li1mp￿li￿ d
I Ilie ¢nd ol. edLh I iiiaiiiial l'ear ￿ld of ils Surplus or deticii far edLh finuiiLial vear in ac¢ordaniL * iih th
rcquirciiicnrs olSectlOll5 i94 and 3(1£ and which Dihm¥i%¢ ccimply wilh Ihc rcquir¢menrs ofihe C(IlllPAlliL'ts All
2Q06 r¢liE ting io finl1 ncial SiJt¢m¢nt5, far ds dppIILdble 10 thL ihdriLablc companv.
Ibl
"rhLsc linancial siaternenls haN"e b¢¢n pr¢par¢d in a¢cordance wiih the PToviqinn.s applicablc lo ch8ritoble cornpanie%
%ubjt¢t 10 (he small companies regime.
'lTh financidl
51atern¢nE5
ei¥
apprvTrLd by ihL Board of "I"ru51ee5 and authoriscd for i)511¢ on
and ￿'¢r¢ 5igncd on irs bchalt'b).:
MJGrav-
51ee
The n(Aes lomi pan olthe3C financial stsicmcn15
14ge S

1SEII' DF.FR AC.RIC.I LTI'RAL A55UCI,KTIO.
OTES TOTHE FIP4A.%CIAL STATE_IIENTS
FOR THE YTr.AK E%DED30 SEPTF.NfBER 2024
ACcOli￿'T1I<, POLIC.IF.
Ba.4is of preparinkw the fi￿￿￿¢l#l sialcmenis
ThL financial sialLIncnis ol- rhc ch4ifii%iblc compani: Hhich Is a p￿bIle henefii eniily und¢T F'KS 102. hake bcen
prcpared in accordancc wilh ihe ChaTltie5 SOKV IFRS 1021'Accouniinbt and Rcponing bj. Cliorilies.. gialenient
uf RLLomm¢nded PrdLlii¢ applirable [(} ¢liatilliS p￿[Wing1 Ih¢ir diL4>iinL% 111 dLLI)rdJnie ￿]117 Ihe Findnridl
X¢p(irting Sidiidard dppliidble iii IIIL UK aiid Republic ot ITeland IFTi% 11121 lefltciike l JanuaTr ?n191'.
inancial Reporting Siandli rd 102 The FinaDLial ReTX)nin? Standard applicable in the l.K anLI RLpublic of
Ireland, nd ihL CoTnpanies ALt ?IK)6. Th¢ findniidl %ldiLItlLiits lia%L' ￿"C[l prepaied under thL' hi%iuriL31 c051
conveiition.
The PTeseniaiion curren¢% ol" th¢ tinanLLal staiLmcntS 15 the Pound SI¢Tling (£1. MoneLqf¥. drn()untS ID IIIvs¢
financial staiemenis are roundid io the neare%1 pound.
(pninE I'oncern
Ai IhL lim¥ Lif Jppr&>vin¥ ihi finatiLial siaieniejiis. rhe direc￿[5 have a r¢&suDdbl4 ¢xp¢iiaiioTr Iliai ihe ic)ii)panv
hi15 dd¢qudli 10 ¢oniiDue in operaiional eNislenrc Icw thi liirL'%ccable tunire. Ihus the dircclnr
coniinue io adopi rhe Boing concern basis of accounling In preparing Ihc linancial stsicrncnis.
nr¢¥mr
InLiltTl¢ is Mheii Ili¢ Chafiry is eDliiled iu li aller any pirfumi4ni¢ ¢ondiiions havc ￿ell mci, Ihc
dmL>un14 Lan k, m¢a%ur¢d r¢liabl%'. and it 15 probable Ihat in¢omL ￿,111 ￿ rcceivcd.
C&¥h ¢JvnJiivnb ar¢ r¢¢otsTriised on rec¢ipi. Oiher dvnolion> arL' fLrognised once Ilie charity hd% ￿'ll1 lil?lilied ol
IhL diin¥iiiin. unlLS5 pertorJncin¢e ¢ondiliLthS requir¢ deleffdl lif IhL arTiouiiI. Iricome tax rccoKLfdblc in r¢laiiDII
10 dc)nailo￿% receivtd Linder CJ1tl Aid or dcL¢J8 ofcovenani is r¢cognis¢d ai rh¢ (OML (If IhL donalivii.
Inloire from Lhariiahle acliviiie% 1% ￿Lo￿nis¢￿1 in ihe vear in w'hich the shi)u' V4k¢4 placc, Is wilh mcmh¢rship
f¢e5 which arc rec(I&Tni.4Ld in Ihc in which lh¢ m¢mbeTship relate5 10.
InNis¢m¢ni inii)mi in re&p¢¢i of hires and grazin¥ is re¢ognis¢d un ¥n acLrual% basi5. Ilaiik intere%1 fL'LLivablc is
reio¥ni%L'd dl%i> i)n 4Ln aicrual bbsi5.
Incorni fror]i biovcrnmet)i and oihLr &irdnis 1% weici.4ini%ed dt fdif Vdlul 44'liiri Ili¢ ¥liarii>' lia4 LntitlLITie51i afttr anv
PLrfoniiarice conditivns hav¢ b¢¢n mei. Il 1% PTI)bablL Ihal ihr in¢oine will be rccei¥'cd ond lh¢ Jtnounl C4ln hc
measured reliablv. If cniiilcnicni 1% noi Tnci thin ihcRc amtAJni% are deferred.
In¢orne from tradin¥ uLlivili¢¥ in¢lu(IL'S income froin wa>leavc5 and cvenl IIILi¥me. InLI)iiie is re¢eiv¢d iii
exihan&ie t(v supplvip¥ ¥(Mxl% (Trr serviLC% in ordcr io raise funds and is recogni￿.d when eniiilem¢ni hJ.
oc¢ii¥rd.
F.1pe￿I1i1Urr
Illl ¢Npenditurc is included on an accrual.% b8%is aTtd 15 rccvyi%ixl when ili¢re is a legal (Trr iunsirucli%¢
obligation 10 pa), tor e¥penditurc. Ali rv&ts hav¢ b¥¢n Jire¢tltr allribuied 10 one of Ihc funliiunttl caiegorics ot.
¢xpendiiLLr¥ in the SEdiemgni ul Fiiiunildl ALli*ilies and include ItreLY)ierdble VA T.
F,xpcndiiuTC on T31￿ing funds include$ cosrs direal¥ as50ciaicd with fundrdisin¥ fi)r ilie <liarity. Th¢Tr &rL'
reco￿)niSed on an accruals basis when there 15 ¢1 I¢Lal or ci)n%ltuilive ubligaiioii 10 pay for Ihe expendilurL'.
l.xpendiruTe chantable actiiiiies included costs rcquircd ro run the rwo daN' show.. Thes dre rccogiii5¢11 on an
acLruals bd%is whln thcrc is a Icgal or con51ructiv¢ obligaiion to pav lor the expendiiure.
Support cost& included as part of (he cxpcndiDJrc on chantsblc ¥riNrlLC5. 3rc those Ihai assisi the ￿'1)rk (If the
chariti bui do noi dircril) TL'pf¢5cDI Lharitsble iictii'ilies and included governance c0%5. They iiicurred
direcilv in supp(?rt vf ¢xpvndiluiL thL objLXlS o(Ihe charl￿.
Cjowcrnancc costs comprisc of all costs associated ￿1th ihe gotr¢man¢e atrJngkmEniS of thc charity- InLludiiig
LOPs1ilulional and 51alulon r¢quitemenis.
Page 6
coniinucd...

NFW DEER.4GRICLLTURAI. ASSOCIATI()
OTES TOI-HL FlTri_IN4CIALSTATF.MF.NT%_ continued
FC)R I"HTr" I"F..4R F.NIIF.11 JO.%F.PTF.hlBF.R 2025
ACCOLIYTING PULICIE5 - ¢ontinutd
T*ngiblc flxtd assets
t)epT¢I lJlll)n 15 prol ideil al ihe fnllowing annual Tates in order 10 write ojycach &%%¢i ()ver ils esiimaied USL'ful
Frttliold propertv
Plant and machin¢ry
FixiurLS and tilting%
r* Un cost
2￿￿0 on Tediicing billa#¢e
On COSI
"I hL ch<iril) 15 exempt from corporarion tax on its charithlr acii%'iTies.
Fund a¢rouoiiii%
Unr¢siri¢t¢d lunds can be uscd in acr()rdav¢L wilh ihL chJ)riiablc objeaives,ii die dis¢rciion Of the truyiee$.
R¢siriLied lunds cali onli. be used tor paniiul¥r riNiriiied purws¢5 14jihiii Ilie Iil)i¢il% ill. Ihe charity.
Re%ifiLi1(In% arise y'heTI s￿l)i¢d by Ih¢ don(w iir w.heii luiids are rai5cd foT pani¢ular re%triciLd purpos¥5.
rurther explanaiion of th¢ n¥iure purrM)%L uf ¢aLli luiid is iiiclude4J in the Tho1¢% Iv lh£ finasicial siaiLrnL'ni%.
CAsh And cAyh equii'aloThl
L'.Lish &ind iii ¢qui¥alLiil% In¢lud¢ L05h in hand. depo$il$ hLld in Lall with banks. ￿h¢r shurt-ienii liLiiiid
inve51nienis K iih (Irigyinitl ixaluritj¢5 01- Ihree monihs ur 1¢55. bdnk iiverdralis. Ilank ￿￿erdraI1.1 Jr¢ sliown
wiihiii borrowin￿5 in Lurrlni IiHhilili¢%.
JI,'DC.F.MF.NTS A,YD KLI. SOUKC'LS OF F.%TIMATI()N U%CLKTAIliTY
In ihL uppIiLaiion of iht ¢hariN's dLCI)uniing piliLiLs. lh¢ Irusr¢¢s arc requircd iu mdki judg¢inenls. L%liiiid11s
4L44unipIi0119 aboui Ihc carTring ami>unl vf a55Lls and liabiliiies ihai afl nc?I rL4dilv #pi)iireiii Iriiiii i>lliLr
sources. 'I'h¢ ¢slimaies and ¢i%%l)LiaiLd J55iltnpTllllbS ILre bilsa i>n hi%li)ri141 iXPLrieiice and OThcT tdLI()r4 IhJi arc
coii9id¢red in be Telekanl Jl¢iuo1 r¢*ults ina> djffer from rhese e.siimatts.
I'he estiniaies and uTrd¥rli inbT &￿%￿l￿pIll￿rI1 rei'ieiied on ali ongrcpinb* baiii. R¢i'i5ioiis 10 a¢¢i>uniiTig Ls1imi11LI%
are reLObiiised in Ihe p¢riÉ)d in *-hiih IhL eslijnaic 15 reviged Mh¢r¢ 14L TLvision alle¢15 onl) Ihiil rKriod. or in rhc
pcriod of tht r¢N isioi) Eind lijiiirL PLriiMJ% ￿h¢re Ihe rei'ision IfeciN h)Ih LurrcTii and future p¢riod%.
l&¢) sources of vstim¥lion utbe¢r¢iinti
Deprtri#¢in
I'hL' Idrrl inb ¥dluL' of IdnMTrible fii¢d 3S5¢ts 15 impa£lL￿ bk the Irusiee5' ¢$tima¢¢ (if Ihe usLful lives ot. the H%4CIq
which are disclosed iii nole 10.
The ITU%tees con.8ider Ihai Ih¢r£ arc oth¢r estimaies undcrlying dSSUtnpiiun5 which liave a 4iEiiifiLaiii risk
ul'LdU)ing <1 tnai¢rial ddju51iii¢nl tu ilie L3rrviiik* aiiiiluiit iil'ih¢ fiicd
Page 7
continLSed..-

NEW DF.F.R.4GRIC.I!I.TUIiAL ASSOCIATION
"OTES TO THE F IY.4NCIAI..ST.4TF.MFINTS- ¢ontinued
FC)M TIIE YLAR LNDFD JII SF.PTF.TrIIIF.R 2024
iIUNI ATIOliS ANLI LLGACIL
20?$
024
Donations
OTIIER TRADING AC.TJVITIE
2025
2024
Fut)draising ei'en
il.340
36.267
INN'Tr.%'I'M Tr'.Ill' IP4C'()MF.
2fi25
2024
NlarqucL hirc
JriU.iri¥
2.700
2.048
?.6?2
4.748
4.)7?
NL'I. INC()MLIILXIIE%DI'I-I:.RI.'I
'L?l Lntomei{expendiiurel is siaied after ¢hartsiin&.'ILrLxiiiin¥l'.
2025
2024
Depreciaiion. owned assels
TRLIS'I'LLS, IIF..1IIINF.RATIC)% ANI) IIFfiTr.Tr I I.
Ther¢ were n(Tr IrusiLLS' rn'muncrdiion or oiher b¢n¢fiis for Ihe year endLd 3n ￿'￿ty￿ber 202$ thor tnr th¢ y¢ar
ended.)O %LpiLmhLr 21)24.
Tr¥￿te¢s, rxpcrb¥¢S
'IhcTe were no rrusrecs. expens¢s paid for ihL' yL'ur ended 30 Sepiernber 7025 n(Ir flir ihl year ended
30 Seplemb¢r 2024.
I'AFF C.()%T
'I'hL a&erag¢ monihlv nUM￿r of employees during th¢ yrar ￿aS nil 12024- nil}
Pagc 8
ctjnli￿￿eJ.

EI% DEER AC-IIIC-IILI-LRAI, AKS()CI,ITION
TF.S TO TIIE Tr IhANCIAL ST A TENJLf%"1s- corbtinued
FQR THE I"EAR F.NDF.D30 SEPTEP*lilER 20•£
COMPARATIVF.S FOR THE STATF.,MF.NTQF FIYA.YCI.4L ACTII'ITIES
INCOMF. A.ND LNDOW"MF.NT.% FR().M
IXinalion% and IL%a¢ies
Chariiablc aeiil ities
NLW tk'Lr Sho
Lhariiablc expendilure
149,%32
her trading a¢iiviii¢s
InvL51TnLni income
j6,?67
4,372
Total
F.XPF.NDITIIRF. C)N
Ha1%)n￿. lund
17.014
Charii¥ble iLli)'i¢ies
8&.48Y
C'haTiULblL cxp¢ndiwre
Oilier
4.652
Tolal
TriF.I- INCUML
55,352
HF'.C'nYC'II.IA TI()N ()Tr" fr'UP4DS
TOTAI. FIIND% C"ARRIEII FORM'.ARD
374..)23
Page 9
caniinucd.-.

NF.W DF.ER AGKICLL'I"URAI. A&SO('.IATIO
UTES TO"I'HF. FIliANC.J.4L sT.4TE￿lE￿T5- eontrlluixl
FITrR'I'IIE YF..4R F.YI)F.I> JO SF.PTF.%I IIF.R ?11?5
io.
T.4.Nl'ItILE ￿'IXE1> ASSk't's
rixiures
and
firtingi
Freehold
Vlanl artd
achiner),
At l ()ciob¢T 2024
5 74.066
2,594
528
Ai JO S¢piemtrK'r 2025
241 Sj7
15.226
1_%9.147
I)F.PRF.C'I.A Tl(Trn*
At l October ?¢1)4
Chdr¥e fi)r }e(
02.80i
2.$94
ID9,04R
1.124
AI 10 ￿plember 202%
105.041
PIET BOOK N-.4LIIE
Al JO %Lpiertib¢r ?O?f
? j4.76?
244 l)47
Al JO SLpleinber 2024
170.415
11.893
18?.jlO
L)LIITORS: AMOUNTS FALLI.NG DLF. WITHIN OP4L YLIIR
?02.$
2024
.1 rade d¢biDrs
Pr¢p?L vm¢ni% und ALLrLJe41 inciiinL
1.14Y
.70
12.
CRF.r)IT(>R.%., ANI()IINI'S FALI.IN6 1)I Tr: M ITHIN nYF. YF.IR
209%
2024
ALLruLd L.xpcrisL
.75)
10.399
13.
I(TrWTr;M Fpi'f IN fr'L NI>S
At
1.10.:4
moverncni
in fund.
Ai
Ilnre5lritted funds
374.32J
28.007
40•.3iO
TOT AI. FIINITr
374,3:
28,007
407.i30
Pa2e 10
coiilinucd.--

NEW DFF.R.4CRICLLTURAL ASSOCIATIO.Y
OTLS I"0 THE FIYAh'CIAL ST.41"EP*lEh'l-S- ¢vntinued
FOR THF I'EAR E_NDED JO sEPTE￿IllER 2024
13.
MOVEIMFNT IN FI,'NDS- coniinwed
NLt tnoN¢inent iii fut)ds, included in Ihe aiK)ve are as folluws..
InLumJnq
r¥*04Jfic5
KesouTC¢
eNpended
M(TrveTnenr
In rund5
Lnrcstrict¢d fund$
General fuiid
193,966
(16.5.959}
28.007
TOTAL FUNDS
165.9591
2R.007
Comparafli'e5 for moTrernenl in funds
N¢1
mos'emeni
in funds
Al
Ai
Ilnre%lricle¢J fund.¥
(icncrdl lund
318.971
374,123
T()TAL FUIDS
318.9?1
-774,-?23
Loinparaiive nel movemcnl in luDd%. inLludrd in lh¢ aFx>vc.Ye as fDII(bw.4".
KewurLe¥
expcndcd
Movenicni
rc%ourLcs
UDr¢siri¢ied lunds
(i¢n¢ral fund
190.291
{134.9J41
TnTAL FUh"DS
190.291
114.9391
A Lurrent >ear 12 monihg and prior ¥¢ar 12 monihs iombincd position is as tollow*.'
Nei
movemenl
in funds
At
.10.23
At
30.Y.25
Uttrestri¢ted fund5
Gcn¢Tal fund
318.9",
¥3,359
4n? j30
TnTAL Fu￿D5
318.971
83.159
402,i30
coniinued.

EW DEER.4C.RICIII.TLIRAL ASS(K-JATION
OTES TO THF FlTr*.AN*CI.4L STAI-Eftrlfr".hTS- cnvtioued
FnR THF. I'Tr".4K *"%4DED JO SLPTEMBER 2025
13.
MON EMF.NT IN FLi￿Ds- ¢onrinu¢d
A current )'¢ar 12 rn1)nihs and prior y¢ar l? monihs combined nel tnnvcrnenl in fijnds, included In the aEK)%'c are
Incoining
rcsoiir¢es
RL￿)urces
LIPL'ndLd
Mo*emcnt
in tunds
Lnresiri¢ted funds
J¢iicral fund
384,277
"I'I) I'AL Tr"UNDS
384.?57
300.11981
14.
RLLA'fED PARTY Dl*¥C'I.(Tr.%IIR Tr-
'I'h¢re were n¢) relaiLU part> Iransaciions for Ihe Neiir ended 30 5¢piemheT 1025
Page l!