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REGISTERED NUMBER: 01646966 (England and Wales)












REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE ASSOCIATION OF EVENT ORGANISERS
LIMITED

THE ASSOCIATION OF EVENT ORGANISERS
LIMITED (REGISTERED NUMBER: 01646966)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 9

Balance Sheet 10

Notes to the Financial Statements 11


THE ASSOCIATION OF EVENT ORGANISERS
LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: C Bauer
M Butler
K Prince
R D A Swann
R Sofoluke
L A Hannant
S Walker
A J Jackson
A B Willis
M A Seaman
A D Hawkins
C Holm
R J Carter
C D Read
A N Williams
J Driscoll
S Hannam
R J Nathan
M W H Moloney
J Hockman





SECRETARY: D Gazzi





REGISTERED OFFICE: 119 High Street
Berkhamsted
Hertfordshire
HP4 2DJ





REGISTERED NUMBER: 01646966 (England and Wales)






THE ASSOCIATION OF EVENT ORGANISERS
LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







AUDITORS: Hillier Hopkins LLP
Chartered Accountants and
Statutory Auditor
Radius House, 51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

THE ASSOCIATION OF EVENT ORGANISERS
LIMITED (REGISTERED NUMBER: 01646966)

REPORT OF THE DIRECTORS
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a trade association for the organisers of exhibitions and events and their related business.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

C Bauer
M Butler
K Prince
R D A Swann
R Sofoluke
L A Hannant
S Walker
A J Jackson
A B Willis
M A Seaman
A D Hawkins
C Holm
R J Carter
C D Read

Other changes in directors holding office are as follows:

D B Angus - resigned 5 September 2024
L S Newton - resigned 5 September 2024
M Temple-Smith - resigned 28 February 2024
E L Barrett - resigned 5 September 2024
N Meadows - resigned 28 February 2024
J A Lewis-Orr - resigned 12 June 2024
A N Williams - appointed 28 February 2024
J Driscoll - appointed 28 February 2024
S Hannam - appointed 4 September 2024
R J Nathan - appointed 4 September 2024
M W H Moloney - appointed 24 September 2024
J Hockman - appointed 9 October 2024


THE ASSOCIATION OF EVENT ORGANISERS
LIMITED (REGISTERED NUMBER: 01646966)

REPORT OF THE DIRECTORS
for the Year Ended 31 December 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors 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 company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Hillier Hopkins LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R D A Swann - Director


1 May 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE ASSOCIATION OF EVENT ORGANISERS
LIMITED

Opinion
We have audited the financial statements of The Association of Event Organisers Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, 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:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its surplus for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

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 company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'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 directors' 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 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 directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE ASSOCIATION OF EVENT ORGANISERS
LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors 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 directors determine 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 directors are responsible for assessing the 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE ASSOCIATION OF EVENT ORGANISERS
LIMITED


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 a Report of the Auditors 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.

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:
- the nature of the industry and sector, control environment and business performance including the remuneration
incentives and pressures of key management;
- the primary responsibility for the prevention and detection of fraud rests with both those charged with governance
of the entity and management. We consider the results of our enquiries of management, about their own
identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed the Company's documentation of their policies and
procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of
non compliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or
alleged fraud;
- the internal controls established to mitigate risks of fraud or non compliance with laws and regulations;
- the matters discussed among the audit engagement team, regarding how and where fraud might occur in the
financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and relevant tax legislation.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE ASSOCIATION OF EVENT ORGANISERS
LIMITED


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




Simon Speller (Senior Statutory Auditor)
for and on behalf of Hillier Hopkins LLP
Chartered Accountants and
Statutory Auditor
Radius House, 51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

1 May 2025

THE ASSOCIATION OF EVENT ORGANISERS
LIMITED (REGISTERED NUMBER: 01646966)

INCOME STATEMENT
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

TURNOVER 1,371,237 1,207,637

Cost of sales 533,020 497,174
GROSS SURPLUS 838,217 710,463

Administrative expenses 702,749 622,629
OPERATING SURPLUS 4 135,468 87,834

Interest receivable and similar income 20,542 9,282
SURPLUS BEFORE TAXATION 156,010 97,116

Tax on surplus 5,502 4,304
SURPLUS FOR THE FINANCIAL YEAR 150,508 92,812

THE ASSOCIATION OF EVENT ORGANISERS
LIMITED (REGISTERED NUMBER: 01646966)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 5 586 467

CURRENT ASSETS
Debtors 6 631,341 170,437
Cash at bank 789,768 512,661
1,421,109 683,098
CREDITORS
Amounts falling due within one year 7 912,810 325,188
NET CURRENT ASSETS 508,299 357,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

508,885

358,377

RESERVES
Capital reserves 8 252,000 200,000
Income and expenditure account 8 256,885 158,377
508,885 358,377

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

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:





R D A Swann - Director


THE ASSOCIATION OF EVENT ORGANISERS
LIMITED (REGISTERED NUMBER: 01646966)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

The Association of Event Organisers Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover represents amounts receivable, excluding value added tax.
Event income is recognised in the period that the event takes place.
Subscriptions fee income is recognised in the period to which it relates as is partnership and other income .
Fees and other amounts paid in advance for the following year are treated as deferred income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by the Companies Act 1985 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

THE ASSOCIATION OF EVENT ORGANISERS
LIMITED (REGISTERED NUMBER: 01646966)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. OPERATING SURPLUS

The operating surplus is stated after charging:

2024 2023
£    £   
Auditors remuneration 3,950 3,800

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024 467
Additions 119
At 31 December 2024 586
NET BOOK VALUE
At 31 December 2024 586
At 31 December 2023 467

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Events Industry Alliance Limited
Registered office: 119 High Street, Berkhamsted, Hertfordshire. HP4 2DJ.
Nature of business: Providing secretariat services.
%
Class of shares: holding
Ordinary A shares 100.00
Ordinary D shares 58.40
2024 2023
£    £   
Aggregate capital and reserves 38,191 41,889

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 550,628 31,235
VAT - 43,366
Prepayments and accrued income 80,713 95,836
631,341 170,437

THE ASSOCIATION OF EVENT ORGANISERS
LIMITED (REGISTERED NUMBER: 01646966)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 170,759 117,715
Corporation tax payable 5,519 4,304
VAT 62,465 -
Accruals and deferred income 674,067 203,169
912,810 325,188

8. RESERVES
Income
and
expenditure Capital
account reserves Totals
£    £    £   

At 1 January 2024 158,377 200,000 358,377
Surplus for the year 150,508 150,508
Capital reserve (52,000 ) 52,000 -
At 31 December 2024 256,885 252,000 508,885

During the year the company transferred £52,000 from the accumulated income and expenditure reserve account to the capital reserve.

9. RELATED PARTY DISCLOSURES

The company subcontracts its day to day management, accounting and secretariat functions to Events Industry Alliance Limited (EIA). EIA charged the company £663,123 (2023 - £562,689) for these services.

Also during the year EIA recharged expenses to AEO to the value of £41,994 (2023 - £54,440).

At the year end the company owed EIA £155,879 (2023 - £114,627).

The company is a trade association for event organisers and its board of directors is made up of members whose companies will benefit from this association.

On occasions the company may use the products and services of companies which are associated with its directors and members. This trade is under normal commercial terms.

10. SHARE CAPITAL

The company is limited by guarantee and does not have share capital. If the company is wound up, and its liabilities exceed its assets, the liability of the members is limited to £5 each.