Chartty reglstration number SC002618 {S¢otland) Company iogistratlon numbor SC234478 {Scotland) STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustoes Mr W D Barr¢)wman Mr J Drennan Mr W Kirkpatrick Jnr MrA Kirkwood Mr S J Mecolm Mr C Seryice Earl of J D J Stair Mrs A Clark MT l m¢Knh1 (Appointed 14 January 2025) MrAdam Mccaig Country of In¢orporatlon United Kingdom Iseotlandl SC234478 Charity reglstrntlon Scotland SC2618 Reglsterod offico Hunter & Murray 25 Lewis Street Slranraer Wigtownshire DGg 7LA Indopondont examiner John Simpson FCA Montpelier Professional (Gallowtyi Limited 1 Dashwood Squafe Newton Stewart DG8 6EQ Bankers Royal Bank of Scouand 15 Bridge Street Slranraer DG9 7JA Sollcltors Hvnter & Murray Hunter & Murray 25 Lewis Street stranTaer Wigtownshirg DG9 7LA
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED CONTENTS Page Truslees, report statement of Trustees, responsibilities Independ8nt examinefs report statemtt of financial aclivib'es Balance sheet Notes lo the finanaal statements 8-16
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees present their annual report and financial 51atemenls for the year ended 31 October 2025. Thè financial statements have been prepared in accordan wth the accounting poliaes s81 out in nola 1 10 tha finanaal statements and comply vAlh the Charity's deed of trust, Ihg Charities and Trustee Investment (Scollandl Act 2005, Ihe Charities Accounts {ScoUandl Regulations 2006 las amended} and 'AuntIng and Reporling by Charity'es.. Stslement of Recommended Practice applicable to eharilies preparing their accounts in accordan wth the Financial R8p0.ng Standard applicable in the UK and Republic of Ireland IFRS 102) leffective 1 January 20191" Oblectlv•6 and actfvltles The Charitys objectives are as follows.. A. To contribute to the advancement of agriculture B. To provide opportunities that encourage the improvement of agricultural livestock and develop livest¢xk husbandry skills. C. Provide a plattom for the promotion of those eonnecled wth the rearing of livestock. D. Supwt organisatlons wlh similar objectives. These objectives and activities vrill be undertaken prtmarily within the Slranraer & Rhin3 of Galloway area but not exdusivety and will be based mainly around the Charities main event. the Annual Stranraer Show. publ benafft The trustees have referred lo the guidance eonlalned in the Offlee of the Scottish Charity Regul8brfs general guidance on public benefit when reviewing their objectives and in planning their fijture ?Gtivitie$. In particular. the trustees consider how planned athvitles will contribute to the objectives Ihey have set. GnI making policy The charity does not distribute grants. Achlovements and perfoman SignrfKgnt 8Qtw1lS and aChVementS ag8insÈ objertives The Charity hosted an extremely $uccessfiJl Stranraer Show in 2025. The aim for 2026 has been to continue ¢)n that success wth the focus being to host an indusive. community event. The Society appointed it's first female Chairperson at the beginning of 2025 and hosted an all female judging panel al the 2025 Show lo lebrate. 11 wa$ a great susS and really raised the profile of the sh¢)w on our soual mèdia channels. The Society were delighted to win a Bursary to attend the Association of Shows & Agriculbjral Organisations National Conferenee in Novemb8r 2025 held al the Great Yorkshire Show Ground in Hairogale. The Show Secret8ry and a committee member attended. 11 was a great opportunrty lo meèt with Show Organisers and event suppliers from all over the UK tr) learn anLI share ideas. The Society has also been selected as a finalist In theAwarding Wfjgtownshire- Event of the Year category wlh the awards dinner being hehj in June 2026. These achievement SUprt all of the charity's objectives and activities. Flnanclal rovlfrw The charity had total inming re80urce$ for the year of £58,777 12C124'. £54.051). Total resources expende(I amounted to £57,19612024.. £58,568}. The Charity had a surplus of £1,581 for the year (2024.. deficit £4,517}.
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 OGTOBER 2025 RgseThes policy Under the Tequiremènls of charfly law the Iruslees arè obliged lo define the charity's policy for holding reserves. The intention in establishing this reserves policy is lo ensure the conlinuth.on of the charity's aclivitses. The policy will enable tho charity to meet its legal objectives, provide confidents to supporters and donors seeking to give finanaal support lo a prudently controlled charity and lo ensure that the reserves are al a level sufficient lo discharge 811 the tharily's obligations in the event that il should cease operations. A large prOrtIOn of the charity's reserves are held in bank account$. 11 is the Iruslees nSIdered opinion that in the event of the charity having to cease ils operations there should be suffi¢ient reserves available to allow the charity's obligaliorts to be dischaiged. The reserves vthich the charity is required to maintain are those needed lo fund ongoing monthly costs and further development. To this end the trustees have deded that the charity should seek to have general reserves which afe not Invested in fixed assèts of a sum equal to six months general running costs of the charity (described in the Statement of Finonoal Acts'vitie8 as total $oUrS expended), estimated al £28,000. The general fund preSentS the unrestricted fvnd available from past operating results. After deduetion for fixed assets it also iepresenls the free reserves of the charity. Al present the free reserves, which amwnl lo £67,620 do reach the level whereby the charity would be able to continue current non restricted activities for more than approximately six months in the event of a significant drop in funding. Th6 trustees therefore consider that the charity is a going conrn. Investmont policy Under the memc*andum and articles of association. the charity has the kX)wer to make any investments which the twstges see fil. M8iorrisks The Trustees have assessed the major risks to which the Charty is exsed, and are satisfied that syslgms are in place to mitigate exposure to the major risks. Plans fo¥ futur• perlods The Trustees plan lo continue organising the annual Stranraer Show and work through¢JJt the year on ideas and projects lo improve and enhance the event. Structuro, govemance and management The company is limited by guarantee and a registered Charity governed by its memorandum and articles of deed of trust. Scottish Charity.. SC002618. Company number.. SC234478. The Trustees, who are also the directors for the purpose of company law, and who serNed during thè yèar and up to the date of signature of the financial statements were". Mr W D Barrowman Mr J Drennan Mr M Hastings Mr W rkPatriCk Jnr MrA Kirkwood Mr S J Mccolm Mr C Service Eart of J D J Stair Mrs A Clark Mr l McKnighl (Resigned 14 January 20251 {Appointed 14 January 2025)
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2025 ReCmitnnI and appointment oftmste8S The directors gf the charitable company are its trustees for the purpose of charlty18w and throuOul this report are collectively referred to 8$ th& trustees. AS set out In the Articles of As80ciation. the thaimian of the trustees 1$ nominated by the trustees. Trustees are appointed or aPpOInted by the members at our annual general meeting, which is normally held in December each year. Trustees are invited to the Board by the current Directors after ass8ssing the potenllal eontribubon the individual could make lo the organisatson. New trustees are brlefed on the operation of the charity, and meet Ihe key staff, they are also infomied of a trustees responsibilities. The charity's strategy and objectives are sel and VieWed by the trustees. The appointed running of the charity is the responsibility of the show sgcretary and eXetive committee. Th8 Trustees, report was approved by the Board of Trustees. Mrs Alison Trustse Date..
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 OCTOBER 2025 The Truslees, who are also the directors of Stranraer & Rhins of Galloway Agricultural Sougty Limited for the purpo$o of company law, are respon&ble for preparing the Trust8as' Report and the financial statemts in accordan wth applicable law and United Kingdom Accounting Standards Iunited Kirlgdcrfn Generally Accepted Accounting Practice}. Company law requires the Trustees to prepare financial statements for each financial year which gNe a tNe and fair view of the state of affairs of the Charity and of the incoming r8sources and application of resources, including the income and expenditure, of the charitsble company for that year. In pparing these financial statements. th8 Trustees are required to.. select suitable accounting policies and then apply them consislenlly-, - observe the methods and principles irb the Charities SORP.. make judgements and estimates that are reasonable and prudent., and prepare the financial statements on the going nCern basis unless it is inappropriate lo presume that the Charity will continue in operation. The Trustees are responsible for keeping adequate aeeounting records that disclose wth reasonable aTacY at any time the financial position of the Charity and enable them to ensure that the financial statemerts comply with the Companies Act 2006, the Charities and Trustee Investment Iscotlandl Act 2005 and the Charities Accounts (Scotlandl Regulats'ons 2006. They are also responsible for safeguarding the assets of the Charity hence for taking reasonable steps for the prevention and detects'on of fraud and other Irregularities.
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED I report on the financial stslemenl$ of the Charity for the year ended 31 October 2025. whith are set out on pages 6 to 16. Resp•ctiv• r•sponsibilitles of Trustees and èxamlner The charity lyustees Iwho are also the directors of Stranraer & Rhins of Galloway Agricultural S*xiety Limited for the purposes of company law} are responsible for the preparation of the financial statements In aCCLJrdance wth the terms of the Charities and Trustee Investment {Scotlandl Aet 2005 and the Charities AccoL¢nts (Scotlandl Regulations 2006.The Charity Trustees consider that the audit requiremenl of Regulation 10llllal-lc} of Ihe CharitiesAccounls (scand) Regulat¢'ons 2006 does not appty. It is my responsibility to examine the financial statements as required under section 44111(c} of the Charities and Trustee Investment (Scotlandl Act 2005 and to stale whether parb'cular matters have come to my attention. Bas15 of Independent examlngrfs statemènt My examination was carried out in accordance wth Regulation 11 of the 2006 Accounts Regulabons. An examination irlUdeS a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes wnsideration of any vnu$ual items or disclosures in the accounts. and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audil and consequently I do not express an audit opinion on the view given by the accounts. Indopendent examlngV$ ststpment In the course of my examination, no matter has wme to my attention 1. which gives me reasonable cause lo believe that in any material respect the requirements.. lo keep accounting record5 in accordance wth Section 44{1 Ila} of the Charitses and Trustee Inve$lment {Scollandl Acl 2005 and Regulation 4 of the CharitiesAccounts IS¢ollandl Regulations 2006. and lo prepare finanrial statements which accord wlh the accounting records and comply wlh Regulation 8 ot the CharrtresAccounts Iscollandl Regulations 2006 have not been mel, or 2. to Nthich, in my opinion, 8ttentlon should be drawn in order lo enable a propér under8tsndlng of the financial statements lo be reached. John Slmpson FCA Montpelier Professional (Galloway) Limited 1 Dashwood Square Newton Stewart DG8 6EQ Date..
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2025 Unrnstricted Unrestrict•d funds funds 2025 2024 RtrIcted funds 2024 Total 2024 Notes Income from: Donations and ga¢le$ Charitable activithes Invostmenls 8,118 49,121 1,538 6.699 44.114 1,238 2,000 8,699 44,114 1,238 Total Income 58,777 52,051 2,000 54,051 Expendlture on: Charitable activities 57,196 56,568 2,000 58,568 Total gxpgndlture 57,1 56,568 2,000 58,568 Net Incomellexpendlturo) and movemont In funds 1.581 {4,517) (4,517) Re¢onclllatlon of funds: Fund balanees al 1 November 2024 73,687 78.204 78.204 Fund balances at 31 October 2025 75,268 73,687 73.687 The ststemenl of financial acttvitios includes all gains and losses recognlsed in the year. All income and 8XP8nditure derive from conts"nuing activities.
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED BALANCE SHEET ASAT 31 OCTOBER 2025 2026 2024 Notes Fixed assets Tangible assets 12 7,648 4,811 Currgnt assets Cash * bank and in hand 68,775 70.230 Credltor6: amounts falllng wlthln one year 13 11.155) (1,354) Net current assets 67,620 68,876 Total a88ets less curront Ilabllltles 75.268 73,687 The funds ol the Charty Unrestricted funds 15 75,268 73,687 75.268 73,687 The company 18 entiued to the exemption from the audit requiremont contsingd in section 477 of the Companies Act 20C6, for the year endgd 31 October 2025. The directors ackn¢)wledge thr re$ponsibilltses for complying th the requiremgnls of the Companie$ A¢t 2006 with respect to a¢¢ounling records and the preparation of financial ststements. The M¢Mr5 have not required the company to obtain an audit of 11$ finanaal slalemenls for the year In queSon in ardance th seth.on 476. These financial slalemenls have been Prepared in acwdanc8 with th8 provision5 applicae to companies subje lo Ihe small companles regime. Mrs Aliso Trustèe lark
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting pollcles Charlty Informatlon Slranraer & Rhins of Galloway Agricultural Society Limited is a private company Ilmiled by guarantee incorporated in Scolland. The registered office is Hunter & Murray, 25 Lewis Slreet. Stranraer. DG9 7L Wigtownshire. 1.1 Ba$ls of preparation The financial stslements have been prepared in accordance with the Charity's Memorandun and Articles of A$sl8110n, the Charities and Trustee Investment Iscodand) Act 2005, the Charities Accounts Iseollandl Regulations 2L)06 las amended), FRS 102 °The Financial Reporting Stsndaid applicable in the UK and Republic of Ireland" f'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 2019). The Challty is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of th8 provisions in the SORP for tharities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional eurrency of the Chanty. Monotsry amounts in thesg financial stslefflents are rounded to the nearest £. The financial stataments have been praparéd undèr the historical cost ccnvèntion. The prinupal accounling policies adopted are set out below. 1.2 Golny concern At the lime of approving the financial Statements, the Trustees have a reasonable expectation that the Charrty has adequate reSou9S lo continue in operational existence for the foreseeable future. Thus the TLtee$ continue to adopt the going concern ba&s of accounliNJ In preparing the finanaal slalements. 1.3 Charltable funds Unrestricted fvnds are available for use at the discrekn.on of the Trustees in furtherance of their charitable objective5. Restricted funds are subject to specific Conditions by donors or grantors as to how they may be used. Thg purposes and uses of the restried funds are sel out in the notes lo the financial slatemenls. Endowment funds are subject to specrfi¢ ndits.0ns by donors Ihat the ¢athl musl be maintained by the Charity. 1.4 Income Income is recognised when the Charity is logally entitled lo il after any performance conditions hwe been met. the amounts can be measured reliably. and il is Fable that incorne will bg re1ved. Cash donations are recognised on leipl. Other donations a recognised once the Charity has baan notified of the donation, unless performance conditions require deferral of the amount. Income tsx rewverable in relalion to donations reeeived under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the Charity has been notified of an impending distribution. the amount is known. and receipt is expected. If Ihe amount is r1 known, the legacy is tréated as a conlingenl asset.
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting policies Icontlnuedl 1.5 Expendlture Resources expended are included in the Statement of Financial Activities on an accruals basis, indusive of any VAT which cannol be recovered. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured * cost and subsequenty measured at GQSt or valuation. net of depreciation and any Impairment losses. Deprèciation is recognlsed so as lo write off the ¢0gt or ValltiOn of assets less their residual values over their usefvl lives on the following bases.. Plant and equipment 200/0 reducing balance The gain or loss arising on Iha disposal of an asset is dètamiined as the drfference betsyeen the sale woceeds and the carying value of the asset, and is recognised in the statement of finanaal activities. 1.7 Impalrment of Ilxed assets At each reporting end dale. the Charity reviews the carrying amounts of ils tangib assets lo determine vthelher there is any indication that those assets have suffered an impairment loss. If any suth indat)n exists, the recoverable amount of the assel is estimated in order lo delemiine the extent of the impairmgnt loss lif any). 1.8 Cash and cash equivalents Cash and ¢a$h equivalents indude cash in hand. deposits held at call wth banks, other shoFtrtem) liquid invgstments wth original maturities of three months or less. and bank overdrafts. Bank overdraft5 are show thin borrowngs in current liabiltties. Basle Ilnancial assets Baslc financial assets. which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortise<l cost using the effective interest melh¢)d unless the arrangement conslitules a financing transaction, where the transaction is measured at the pres8nt value of the future receipts discounted al a market rale of interest. Finanaal assets classffied as re1vable thIn one year are not amortised. 8asic financlal Ilabilitles Basic financial liats'lities. induding creditors and bank loans 8r8 initialty recognised at transaction price unless the arrangement constitutes a finanang transaction, where the debt instrument is measured al the prgsent value of the fulure payments discounted at a market rate of interest. Financial lla.1111eS dassified as payable within one year are not amortised. Debt instruments are subsequently ¢grried at amortise(J cost, using the effective interest rate m8thod. Trade creditors are obligations to pay for goods or services that have been acquired in the ordin*y eoufse of operations from suppliers. AmoLtnls pay8ble are dassified as Quent liakn'lities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditor$ are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest melhc#J. Dere¢ognltlon offinanclal IlablllU8s Financial liabilib"e5 are dere¢ognised when the Charity's contractual obligatlon3 expire or are discharged or Cancelled.
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting pollcles (Continuod) 1.9 Employeg benef5ts The cost of any unused holiday entillemenl is recognised in the period in which Ihg employee's $arvi¢e$ are received. Tefminats"on benefits are recognised immediately as an expense when the Charity is demonstrably commltted to temiinale the employment of an employee or to provide terminatn beneffils. Crftlcal accountlng ostlmat•8 and Judgements In the appliCatn of the Charty's accounling pdicies, the Tru51ees are required to makg judgements, e81imates and assumptions about the c8rryin9 amount of assets and liabilities that are not readily apparent from other sources. The estimates and assodated assumptions are based on historical experience and other factors that are con$idered to be relevant. Actual results may differ from these estimates. The es*imales and und8rfying assumpkn'ons are revigwed on an ongoing basis. R8vision8 lo aceounb'ng eslimales are recognised in the period in which the estimate is revised where the revislon affects cnly that period, or in the period of the revision and future periods where the revigon affects both current and fvture period$. Incom& from donations and legacies Unrestrlcted Rostrlcted fundg funds 2025 2025 Total Unrèstrictad Restrlcted funds funds 2024 2024 Total 2026 2024 Donations and gifts Grants Membershlp fee8 2,153 2.153 907 907 2,000 5.792 2.000 5,965 5.965 5,792 8,118 8.118 6,699 2,000 8.699 Donatlons and gifts General donations 2,153 2.153 907 907 2,153 2,153 907 907 Grants D&GC 2,000 2.000 2.000 2,000 10-
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 (Continuedl Income from charltable a¢tiviti Unrestrlcted Unrestrktgd funds funds 2025 2024 Charitsble actlvles Show day income 49,121 44,114 Charltablg tradlng income Charitable trading income from the delivering of the show is as detailed below 2025 2024 Craft Marquee Sponsorships Programme Adverts Gate5 & Catalogue sales Trade stands Bar Surplus Entry fees Car Park 1,920 3.010 720 29,801 9,630 574 1,516 1,745 4,975 640 23,565 8.700 413 1,700 49.121 44,114 11
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Income from investments Unre5trictgd Unrnstrictod funds funds 2026 2024 Interest recelvable 1,538 1,238 Expendltsre on ¢harltable activitles Charltable activiti 2025 Chartiable actlvtiies 2024 Dlrect costs Hire of equipment Rent of premises & field Insurance Field preparation & repair8 Trophies- engraving & repairs Judg8s expenses Sundry Advertising Catering Prize money Rosettes & badges Entertainment First Aid Security Other charitable expenditure 17.298 619 1.648 502 1,400 959 371 447 2,158 3,843 2.092 3.560 432 6.732 1,210 19,193 554 1,615 395 1,600 474 40 633 1,1)00 3,821 1.893 5,495 432 6,125 826 43.271 44, Shar• of support and govemance costs {sè• note n Support Govemanee 11,994 1,931 12,292 2,180 57,196 58,568 Analysls by fund Unr8stricted funds Restricted fvnds 57,196 56,588 2,000 57,1&8 58.568 12-
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 ocfoBER 2025 Support costs allocat•d to a¢tlvltles 2025 2024 Depreciation SeCretss honorium Postsge Stationery Chariman honorium Sofhyare and IT Governance ¢osts 1,912 4.728 332 3,476 200 1,203 5,347 387 3,759 200 1,396 2,180 1,931 13,925 14.472 Analy$gd b9tween: Charitable aGtbVrties 13,925 14,472 2025 2024 Gov•mance costs comprfse: Accountancy Legal and professional Bookkeeping 1,165 35 47 1,020 1,931 2,180 Ngt mov•mènt In funds 2025 2024 The net movement in fund5 is stated after chargintyledIknng1.. Fees payable for the independent examinalion of the ch8rity's financial slalements Depreualion of owned tangible fixed assets 1,165 1.203 1,912 Truste•s None of the Trustees (or any perx)ns connec18d ll1h Iheml received any remuneration or benefits frDm the Charity during the year, neither were they reimbursed expenses during the yeaT, other than noted below. During the year the charity Chairman, Mrs Aison Clark received an honorarium of £200. This paymerrt 1$ in accordance wth the Articles and Memorandum ofAssociation. Trustees liability insuran¢e is in place during the year. 13-
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 10 Employe•s The average monthly number of employee5 during the year wa$.. 2025 Number 2024 Number Total There were no employees whose annual remuneration was more than £60,000. Rèmunaratlon of key managwnent personnel The Iruslees are the key management personnel ond the remuneration was nil during the year12024.' £NII). 11 Taxation The eharity is exempt from lax on income and gains falling within section 505 of the Taxe$ Act 1988 or section 252 of the Taxation of Chargeable GainsAct 1992 to the extent that these are applied to its charitable obj'ects. 12 Tanglble Ilxed assets Plant and equlpm8ni Cost At 1 November 2024 AddOn$ 7,517 4,749 At 31 October 2025 12,266 D•pr¢ciation and Impairment At 1 November 2024 Depreciation charged in the year 2,706 1,912 At 31 October 2025 4,618 Carrylng amount Al 31 Oclober 2025 7,648 At 31 October 2024 4,811 14-
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 13 Credltor¥'. amounts falling due wlthln one year 2025 2024 other creditors Accruals and deferred income 375 780 574 780 1.155 1,354 14 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by dOrlS as to how they may be used. Prevlous ygar: At1 November 2023 IneomlTrg resourcos Resources At 31 Octobor expended 2024 Dumfries & Galloway Coun¢il 2,000 (2,0001 Dumfries & Galloway Council- granl from UnCIl towards hosttng the Zwarbles Show. 15 Unreslrlcted funds The L¢nreslricted funds of the charity comprlse the unexpended balanws of donations and grants which are not subject lo specific conditions by donors and grantors as to how Ihey may be used. These indude designated funds which have been set aside out of unre*n'cted funds by the trustees for 8pecific purpo¥e$. At1 In¢omlng Nov•mbeT resourcas 2024 Rgsources At 31 October exnded 2026 General funds 73,687 58.777 157,196) 75,268 Prnvious year.. At1 November 2023 Incorning rnsovrcey Resources At 31 October expended 2024 General funds 78,204 52,051 156,5681 73.687 15-
STRANRAER & RHINS OF GALLOWAY AGRICULTURAL SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 16 Analysis of net ass•ts bgtween funds Unrgstrlcted tunds 202S At 31 October 2025: Tangible assets Currenl assetsl{liabilitie$) 7,648 67,620 75,268 Unrestrictod funds 2024 At 31 October 2024: Tangible assets Current assetsiiiiabilitie8) 4,811 68,876 73,687 17 Related party transactions There were no further dis¢losable related paty transaction$ during the year {2024- none). 16-