COMPANY REGISTRATION NUMBER: SC253848 CHARITY REGISTRATION NUMBER: SC002207 Strathspey Farmers Club Company Limited by Guarantee Unaudited Financial Statements 30 November 2025 RITSONS Chartered Accountants 103 High Street Elgin IV30 1 EB
Strathspey Farmers Club Company Limit•d by Guarantse Financial Stataments Year ended 30 Novembèr 2025 Pages 1to2 Directors, annual report (incorporating the director's report) Independent examiner's report to the directors Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 6t013 The following paga3 do not form part of the financial statements Detailed statement of financial activities 15to16
Strathspey Farmers Club Company Limited by Guarantee Directors. Annual Report (Incorporatlng the Director's Report) Year ended 30 Novomber 2025 The d1ClOTS, who ar6 also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 November 2025. Reference and administratlve delails Regl8tered charlty name Strathspey Farmers Club Charlty reglstration numb•r sc002207 Company reglstration number SC253848 Prlnclpal 0ffl¢o and reglsterod The Tower offlce 103 High Street El9in IV30 1 EB Tho dirnctors Grant Laing Alisler Laing Suzanne Young Company secretary Julie Grant Independent examlner Alison Fionda. CA Ritsons Chartered Accounlanls 103 High Street Elgin IV30 1 EB Stwcture, governance and management Governing document The organisalion is a charitable wmpany limited by guarantee, incorporated on 6 August 2003 and registered as a charity. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under ils Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recrultment and appointment of dlre¢tor8 lthere a need for new directors has been identified by the board, indlvidu218 are first appointed to the management committee where they attend regular meetings and gain experience of running the Charity. Following thi5, once sufficient experience Is gained they may be nOrnnated for the post of Junior VI President. with a view lo becoming President. Once in a senior position, the board will then consider individuals to become directors. New directors are appraised of their responsibilities as part of of the Inductlon process. Oryanf5ational strncture The day lo day Nnning and decision making of the charity Is carried out by the management committee.
Strathspey Farmers Club Company Limited by Guarantee Directors. Annual Report (Incorporating the Dlroctor's Report) fcontlnuedj Year ended 30 November 2025 ObJectlves and activitigs The charity's objèctives are to promote agriculture to the wider community. This is done by holding 8 one day show Ilhe Grantown Show) whiGh has on display livestock of a very high standard. produce and crafts from the local area along with a wide range of trade stands. Achlevements and porformance Our 2025 show was Successful. Our committee and volunteers. as usual, had thè show field sel up by the Monday before the show, with the final adjustments made on the Tuesday. A grant from the Berry Burn Fund allowed us to purchase our own callle gates and allhough they were not in place for the 2025 show, will make a huge difference for the 2026 show. As usual there was a great display of IeStock in all sections, great entries in our domestic section and a tremendous display of agricultural trade stands plus a large variety of trade stands. Our entertainment In the main ring kept the public entertained all afternoon with the ever-popular Fastest FaMr Competition. For 2026 we are going to Gontinue to provide a family friendly show. This is going to Include Introducing a horse section on the Wednesday to allow them to have a bigger event. We will accommodate 2 National Sheep shows and also hold an anniversary event for the Aberdeen Angus Sections. We will continue lo provide a variety of trade stands and entertainment for our audiences and provide a value for money show. Flnanclal revlew The charity had a surplus of £19,839 in the current year compared lo a deficit of £2,205 in Ihe previous year. The trustee's policy is lo retain Teserves in order to meet the majority of the future running costs of the next annual show. The expandilure in organising the event 18 incurred before the income is received, so the reserves held allow for these costs lo be met. Currently the unrestricted reserves total £87,928, of which £20,106 are funds lied up in fixed assets, leaving £67,822 of free reserves. The trustees consider this appropriate as the years running costs for the show tolalled £85,593. Small Company provlsions This report has been prepared in aecordance with the provisions applicable to companies entitled to the small companies exemption. The directors, annual report was approved on 2 trustees by.. and signed on behalf of the board of Grant Laing Director
strathspey Farmers Club Company Limited by Guarantee Independent Examiner's Report to the Directors of Strathspey Famiers Club Year ended 30 November 2025 I report on the financlal statements for the year ended 30 November 2025, as set out on pages 4 to 13. Respective rnsponslblllties of directors and examlner The charity's directors (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts {Scolland) Regulations 2006 las 8mendedl. The charity directors consider that the audit requirement of Regulation 1011}lal lo Icl of the 2006 Accounts Regulatlons does not apply. It is my responsibility lo examine the accounts as required under section 44111{cl of the Act and to slate whethèr particular matters have come lo my attentn. Ba81s of Independent examin&rf8 report My examination is carried out In accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also Includes consideration of any unusual item5 or disclosures in the aecounts, and seeks explanations from the directors concerning any such matters. The procedLFres undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. Independont examlnerfs slatsmont In connection with my examinatlon. no matter has come to my attention: (11 which gives me reasonable cause to belleve that in any material respect the requirements.. to keep accounting re¢ords in accordance with section 4411llal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare aGGounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or (2) to which, in rny opinion, attention should be drawn in order to enable a proper understanding of the accounts lo be reached. Alison Fionda, CA Rilsons Chartered Accounlanls Independent Examiner 103 High Street Elgin IV30 1EB
Strathspey Farmers Club Company Limited by Guarantsa Statement of Financial Activities (including income and expenditure account) Year ended 30 November 2025 2026 Restricted funds Total fvnds Total funds 2024 Unreslricled funds Noto Incomo and endowment8 Donations and legacies Charitable activities Other trading aclivilies Investment income 3,340 92,197 1,648 349 8,000 11,340 92.197 1,546 349 3,484 84,098 1,482 367 Total income 97,432 8,000 105.432 89,431 Expendltur8 Expenditure on tharitable activities Total expendlture 9,10 {84,248) (84.248) {1,345) (1,345) 185,5931 185,5931 191,6361 191,6361 Net IncomeJ{expenditur•) 13,184 6,655 19,839 {2,2051 Transfers betsveen funds 7,602 (7,602) Not movement In funds 20,786 {947) 19,839 12.205) Recon¢lllatlon of funds Total funds brought forward Total funds carrled forward 67,142 87,928 947 68,089 87,928 70,294 68,089 The statement of financial activities Sncludes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. Tho notès on page8 6 to 13 fom) part of these flnan¢l81 ststemonts.
Strathspey Farmers Club Company Limltsd by Guarantee Statement of Financial Position 30 November 2025 2025 2024 Fixed assets Tangible fixed 88sels 15 20,106 10,548 Current as60ts Stocks Debtors Cash al bank and in hand 16 17 1,070 2,637 66.595 70.302 867 3,543 55,391 59,801 Credltors: amount8 falllng due within on• y•ar Net currgnt assets 18 2N80 2,260 57,541 68,089 67,822 87,928 Total assets less curront Ilabllltles Net as8818 87,928 68,089 Funds of the Gharlty Restricted funds Unrestricted funds 947 67,142 68.089 87,928 87,928 Total charlty funds 19 For the year ending 30 November 2025 the charity was entitled lo exemption from audit under section 477 of the CompanSes Act 2006 relating lo small companies. Directors, responsibilities. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordan with section 476., The directors acknowledge their responsibilities for complying wllh the requirements of the A¢t with respect lo accounting records and the preparation of financial statements, These financial statement5 have been prepared in accordance with the provisions applicable to companies subject lo the small ¢ompanies' regime. nancial statements were approved by the board of trustees and aulhorised for issue on .lY*.k": and are signed on behalf of the board by.. The UJGL Grant Laing Director Ttte note8 on pages 6 to 13 fom) part of these flnanclal $tatsmonts.
Strathspey Farmers Club Company Llmited by Guarante8 Notes to the Financial Statements Year ended 30 November 2025 General Infomiatlon The charity is a public b8nefit entity and a private company limlled by guarantee. registered in Scotland and a registered charity in Scotland. The address of the registered office is The Tower, 103 High Street, Elgin, IV30 1 EB. Statement of ¢ompllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalement of Recommended Practice applicable to charities preparing their accounts in accoTdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting policies Ba618 of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial statements ara Prepared in sterling, whh is the functional curr8ncy of Ihe entity. The Gharity constitutes a public benefit enkn'ly as defined by FRS 102. Golng concern There a no material uncertainties about the charity's abillty to continue. Judgements and key 80urces of e8tlmatlon uncortalnty The preparation of the financial statements requires management to m8ke judgements, 8slimales and assumptions that affeet the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, includlng expectations of ftjture events that are believed to be reasonable under the circumstances. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities wilhln the next financial year are as follows.. Ugeful economlo lfves of tangible assets The annual depreciation charge for tangible asset$ is sensitive lo changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary lo reflect current estimates, based on lechnologi¢al advancement, future investments, economic utilisation and the physical condition of the assets. See note 15 for the carrying amount of the fixtures and frtlings and equipment, and note 3 for the depreciation accounting policy for the useful economic lives for each class of assets.
strathspey Farmers Club Company Limited by Guarantee Notès to the Financial Statements f¢onVnued) Year ended 30 November 2025 Accounting poll¢l•s f¢onrftrJuedJ Fund accountlng Unrestricted funds are general funds which are available for use al the discretion of the directors in furtherance of the general objectives of the charity and which have not been designated for other purposes. Incomlng resource8 All in¢ome is included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The main Source of Income for the charity is the hosting of an annual show with Income from this being recognised when il is received. Resources gxpvndod All expenditure is accounted for on an accruals basis, inclusive of irrecoverable VAT and has been classified under headings that aggregate all costs related to the category. Tanglble assets All fixed assets are initially recorded at cost. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows.. Fixtu$, Fillings & Equipment Office equipment 100h reducing balance 200h slraighl line Stocks stocks are measured at the lower of cost and eslimaled selling pri less costs lo complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Strathspey Farmers Club Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 30 November 2025 Accountlng pollcles fconllnuodj Financial Instruments The following assets and liabilities are classified as financial instruments - bank, trade debtors and trade creditors. Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand held on demand. Trade debtors and cred6tors are measured at the undiscounted amounts receivable from the customer or payable to a supplSer, which is normally the invold price. Trade debtors are assessed al the end of each reporting period for the objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of inGome and retained earnings. Llmlted by guarantee Th6 charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. Donations and legacle8 Unrestricted Funds Reslricled Total Funds Funds 2025 Donatlon8 Donations and gifts 1,000 1,000 Grants Bery burn community fund 8,000 8,000 Sub8crtptlon8 Members subscriptions 2,340 3.340 2,340 11,340 8.000 Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons Donations and gifts 1,740 1,740 Grant8 Berry bum Community fund Subscriptlong Members subscrlptions 1.744 1,744 3,484 3,484
Strathspey Farmers Club Company Llmlted by Guarantee Notes to the Flnanclal Ststements (11ned} Year ended 30 November 2025 Charltable actlvltles Unrestricted Funds Restricted Total Funds Funds 2025 Gates Slan¢e rents Sponsors Dances Entry fee5 Advertising Presentation evening Bar Income Miscellaneous income 38,895 11,371 10,579 4,315 4.650 75 1.632 19.587 1.093 38,895 11,371 10,579 4,315 4,650 75 1,632 19,587 1,093 92,197 92,197 Unrestricted Funds Restricted Total Funds Funds 2024 Gates Stance rents Sponsors Dances Enty fees Advertising Presentation evening Bar Income Miscellaneous income 35,626 11,334 7,795 3,813 4,213 35,626 11,334 7.795 3,813 4,213 1,019 15,122 2,176 81,098 1,019 15,122 5,176 84.098 3,000 3,000 other tradlng activitios Unrestricted Total Funds Unrestrioted Total Funds Funds 2025 Funds 2024 Raffle ticket sales 1,546 1,546 1,482 1,482 Invè8tment incom• Unrestri¢ted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Bank interest receivable 349 349 367 367
Strathspey Farmers Club Company Llmlted by Guarantee Notss to the Financlal Statements (¢onllnued) Year ended 30 November 2025 Expgnditure on charitable actlvlties by fund type Unrestrlcled Funds Restricted Total Funds Funds 2025 Annual Show Support costs 81,621 2,627 84,248 1,345 82,966 2,627 1,345 85,593 Unreslrieted Funds Restricted Total Funds Funds 2024 Annual Show Support cost5 87,103 2,480 89,583 2,053 89,156 2,480 91,636 2,053 10. Expendltvre on charltable a¢tivltlo8 by actlvlty type 2025 2024 Rates, Water, Light & Heal Repairs and vehicle expenses Subscriptions, Licences & Insurance Oeprecialion, Stock wdtten off and loss on disposal of assets Show expenses Payments lo Secretary & Treasurer Pnnting and Office costs General donations Miscellaneous 1,426 841 4,468 2,513 58.625 6.000 4,939 2,600 1,554 82,966 2,627 85,593 1.440 262 4.181 2,165 63,171 6,000 6,864 2.200 2.873 Sublotsl Support ¢ost$ TOTAL 89.156 2.480 91,636 11. Net Incomelqexpendlturel Net incomellexpendilure} is slated after chargingl{creditingl.' 2025 2024 Depreciation or tangible fixed asse13 2,513 1,336 10
Strathspey Farmers Club Company Limited by Guarantee Notes to the Financial Statements (contlnu•tl) Year ended 30 November 2025 12. Indep8nd•nt exarnination fees 2025 2024 Fees payable lo the independent examiner for.. Independent examination of the fi'nancial statements 2,593 2,480 13. Staff costs No salaries or wages have be8n paid to employees, including the members of the committee, during the year. A total of £6,000 {2024 £6,000} was paid lo the secretary and treasurer who are members of the management committee. No employee receNed employee benefits of more than £60.000 during the year12024.' Nill. 14. Trust•• remunoratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees, 16. Tangibl• fix•d assots Fixtures and fittings Equipment Total Cost At 1 December 2024 Additions 31,260 11,302 42.562 1,303 769 32,563 12,071 44,634 At 30 November 2025 2,072 Depr8ciatlon Al l December 2024 Charge for the year At 30 November 2025 21,593 2,098 23,691 422 415 22,01 S 2,513 24,528 837 Carrylng amount At 30 Novomber2025 18,871 1,235 881 20,106 10,548 At 30 November 2024 9.667 16. Stock8 2026 2024 Rosettes and Bar Stock 1,070 11
Strathspey Farmers Club Company Limitsd by Guaranteo Notes to the Financial Statements (¢ontlnued) Year ended 30 November 202S 17. Debtors 2025 2024 Trade debtors Prepayments and accrued incom8 465 2,172 2,637 1,190 2,353 3,543 18. Creditor8: amounts falllng due wlthln one year 2025 2024 Accruals and defeed income 2,480 2,260 19. Analysls of charltable funds Unre8trlcted funds A11 Dember 2024 At30 November 2025 Income Expendrture Transfers Annual show 67,142 97,432 {84,2481 7,602 87,928 At1 December 2023 At30 November 2024 Income Expenditure Transfers Annual show 70,294 86,431 189,5831 67.142 RoStrict8d funds At1 December 2024 At30 November 2025 Income ExpendSlure Transfers RHASS Berry bum Community fund 947 (1,3451 398 8,000 8,000 (8,0001 (7,6021 947 {1,345) At1 December 2023 A130 November 2024 Income Expendllu Transfers RHASS Berry bum Gommunity fund 3.000 12,0531 947 3,000 12,0531 12
Strathspey Farmers Club Company Limited by Guarantee Notes to the Flnanclal Statements fcontlnued) Year ended 30 November 2025 19. Anatyg19 of charitable funds (contlnuedj The RHASS gr8nt was awarded for the long-term Sustainability of the shows. The grant received ha5 been spent in full, therefore the restriction has ended. The Berry Burn Community Fund was awarded for the purchase of cattle gales. This fund was fully spent in the year and has therefore been transferred lo unrestricted funds. 20. Analysls of net assets between fund8 Unrestri¢led Funds Restricted Total Funds Funds 2025 Tangible fixed a$sfrts Current assets Creditors less than 1 year Net a88els 2D,106 70,302 12,480} 87,928 20.106 70.302 {2,4801 87,928 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 10,548 58,854 12.260) 67,142 10,548 59.801 12.260} 68.089 947 947 21. Relatod partlos The charity did not enter into any related party transactions that requSre disclosure during the reporting period. 13
Strathspey Farmers Club Company Limited by Guarantee Management Information Year ended 30 November 2025 The following pag08 do not fomi part of the flnanclal statements. 14
Strathspey Farmers Club Company Limitsd by Guarantee Detailed Statsment of Financial Activities Year ended 30 November 2025 2025 2024 Income and endowmonts Donations and l•ga¢los Donations and gifts Berry burn community fund Members subscriptions 1,000 8,000 2.340 11,340 1,740 1,744 3,484 Charftable actlvltles Gates Slanca renls Sponsors Dances Entry fees Advertising Presentation evening Bar Income Miscellaneous income 38,895 11,371 10,579 4,315 4,650 75 1,632 19,587 1,093 35,626 11.334 7,795 3,813 4,213 1,019 15,122 5,176 84.098 92,197 other tradlng actlvltles Raffle ticket sales 1,546 1,482 Investm8nt Income Bank inleresl receivable 349 367 Total Income 105,432 89.431 16
strathspey Farmers Club Company Limitsd by Guarantee Detailed Statsment of Financial Activities {conllnu•d) Year ended 30 November 2025 2025 2024 Expendfture Expendlture on charltable actlvltles Rates 2nd water Light and heal Other establishment Motor vehicle expenses Legal and professional fees Depreciation Show expenses Prizes and rosettes Printing and advert15ing Bar expenses Presentation evenlng Show officials, expenses and meals Trophies and engraving Payments lo secretary and treasurer Insurance Office Costs Computer and internet expenses Licences Subscriptions Miscellaneous Donations- general Dance expenses Loss on disposal of assets 1848) {5781 (270} 11,170) 660 1262) 12,480) 11.336) 139.550) 113.572) 15,247) 15,303) {450} 12.153} 11,325} 16,0001 12,8241 11971 (1,4201 {1,1001 12571 {2,8731 {2,200) (1,4781 18291 191,6361 18411 12,6271 12,5131 132,9991 {17,7091 12,8111 13.7431 11,9831 11,2911 16,0001 13,333) (604) 11,724) {810} (325 11,554} 12,6001 (9001 185,593) Total expenditure 185,593) 191,6381 Net Incomellexpendlture 19,839 (2,205) 16