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Registration number: 03690726

European Relocation Association
(A company limited by guarantee)
Filleted Financial Statements
for the Year Ended 31 December 2025

European Relocation Association

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 6

European Relocation Association

(Registration number: 03690726)
Balance Sheet as at 31 December 2025

| Note | 2025 € | 2024 €
Fixed assets |  |  |
Tangible assets | 5 | 2,530 | 3,682
Current assets |  |  |
Debtors | 6 | 271,479 | 159,694
Cash at bank and in hand |  | 919,986 | 858,756
|  | 1,191,465 | 1,018,450
Creditors: Amounts falling due within one year | 7 | (846,359) | (703,429)
Net current assets |  | 345,106 | 315,021
Net assets |  | 347,636 | 318,703
Capital and reserves |  |  |
Other reserves |  | (16,030) | (1,747)
Profit and loss account |  | 363,666 | 320,450
Total equity |  | 347,636 | 318,703

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 March 2026 and signed on its behalf by:

......................................... M O'Neill Director

European Relocation Association

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding €1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Suite I Windrush Court
Blacklands Way
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Euros which is the functional currency of the Association and rounded to the nearest €. The exchange rate used for the year averaged €1.16 to the pound.

Going concern

The financial statements have been prepared on a going concern basis. The Conference in Zagreb made a healthy surplus and enabled EuRA to invest heavily in the website and general operating systems to future proof our activities. This still leaves the association with a higher than expected surplus. Membership numbers have stabilised though the numbers of Supplier Members continue to grow while the number of Full Members has fallen slightly.
EuRA continued to attract new members but not at the same rate as in 2024. Training income decreased as the number of individuals taking course has significantly reduced since the Covid period. The Association continues to maintain and build a contingency fund, for any unforeseen situations (as with Covid in the last years) that may occur in the future.
Meetings expenses saw a 25% decrease compared to 2024 and cost relating to the conference were considerably less, partly because we had to restrict the number of attendees but also because Croatia was much less expensive than Portugal. Stripe fees have also increased mainly as a result of booking relating to the Malta event in 2026.
The Board managed three face-to-face meetings in 2025 as well as five monthly Zoom meetings.
The Directors therefore believe that the going concern basis is appropriate.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 27 March 2026 was Caroline Webster FCA, who signed for and on behalf of UHY Ross Brooke.

European Relocation Association

Notes to the Financial Statements for the Year Ended 31 December 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.
Subscription income is recognised in the period to which the related membership entitlement relates, determined by the start date of the subscription period. Subscriptions received for future periods are included in creditors.
The income of the Association is applied solely towards the promotion of its objectives and is not able to be paid out by way of profit. In the event of the winding up of the Association, any remaining assets will not be paid to the members of the Association.
The Association holds an annual conference. Monies received or expended for the next year's conference are carried forward and included in creditors and debtors.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants relating to revenue are recognised in income over the period in which the related costs are recognised.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer equipment | 25 % straight line basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
IT fixed assets - website costs | 5 years straight line

European Relocation Association

Notes to the Financial Statements for the Year Ended 31 December 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 4).

4 | Intangible assets

| Other intangible assets € | Total €
Cost or valuation
At 1 January 2025 | 36,764 | 36,764
At 31 December 2025 | 36,764 | 36,764
Amortisation
At 1 January 2025 | 36,764 | 36,764
At 31 December 2025 | 36,764 | 36,764
Carrying amount
At 31 December 2025 | - | -

Intangible assets include website costs amortised over 5 years on a straight line basis, starting from 1 January 2019.

European Relocation Association

Notes to the Financial Statements for the Year Ended 31 December 2025

5 | Tangible assets

| Computer equipment € | Total €
Cost or valuation
At 1 January 2025 | 11,648 | 11,648
At 31 December 2025 | 11,648 | 11,648
Depreciation
At 1 January 2025 | 7,966 | 7,966
Charge for the year | 1,152 | 1,152
At 31 December 2025 | 9,118 | 9,118
Carrying amount
At 31 December 2025 | 2,530 | 2,530
At 31 December 2024 | 3,682 | 3,682

6 | Debtors

Current | 2025 € | 2024 €
Trade debtors | 17,370 | 16,840
Prepayments | 251,961 | 110,659
Other debtors | 2,148 | 32,195
| 271,479 | 159,694

European Relocation Association

Notes to the Financial Statements for the Year Ended 31 December 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 € | 2024 €
Due within one year |  |
Taxation and social security | 26,142 | 19,516
Other creditors | 820,217 | 683,913
| 846,359 | 703,429

Creditors include €814,362 (2024: €675,365) relating to deferred income. This relates to monies received in advance for the 2026 conference and for 2026 subscriptions in advance.

8 | Related party transactions

Key management compensation

| 2025 € | 2024 €
Salaries and other short term employee benefits | 330,420 | 288,708

Summary of transactions with other related parties

Association of Relocation Professionals The company shares costs with the Association of Relocation Professionals, of which one of the directors, D E Zurlinden, is the company secretary. Overheads are allocated on an arms length basis.