Angus Agricultural Association RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR TO 30 SEPTEMBER 2024 Charity No: SC 004879
Reference and Administrative Infortnatio Chatily Name: Angus AEI'icllltural A4%oLiiilion Ch¢irily Regisiralion Number.. SC 004879 Cunl¢lLI Addre.s5: -59B I ligh Street Edzcll isiis DD9 7TA Priniipal ()ffiLe-l)earer Jndc'pi'ndent 14'x&imine.r Baiikeis Rnycil Ilcink ol- Scoildnd, Bi'(Iilii)Lk Bridge Arbi'oalli
Trustees, Annual Report Year ended 30111 September 2024 Structure, Governance and Management Governing Document The Association is administered in accordance with the Tern]s of il% Conslilulion & Rule% Recruitment and Appointment of Trustees Commillee Members of the Associalion (Ire the Chariiy Trustees. The Committee Members are chosen froTn the Association Members who are Conside d lo have the appropri<iie gifts and skills . The Chairman who is <1 member of the Association is elected by the Committee from arnong81 the Members of the Committee. Organisational Strueture Angu.4 Agriculiural Association operlites under the terms of ils Constitution (ind Rules. The Committee is due 10 Tneel on the first Tuesday of each month of ihe year is responsible for all affairs within the Associ<ilion. Objectives and Activities The As.%OCliilion i.s e%labli%hed for the following ch(Iril<ible purposes a.s defined under Section 7(21 of the Charitie.% Lind Trustee Inve%inienl (Scoiland) Act 2005 7(21 (b) The Jdvancemcnl of cducalion 7{2} In Thc advdnLemenl ot citizenship (ind community developmenl 712) (g) Thc ddvdnccmenl of the arts, heritage, culture or .%cience 7(2) (ol The advanLemenl of anim411 welf(Ii'e 7(21 (In)The ddvdnLement ot. envii-oninent<il protection or improvement And in furtherance Ihereof..- a) Through the organi%<ltion of an iinnLial %how, lo provide <1 platform for the public to come and be educ<iled and to le<irn ai fir%ihand dboul the meihods of land management (Ind animal hu%b£indry through, for example crop competitions, <inimal showing ¢la44es. demonstrations (ind the various displays which are <icce55ible to the public at the show b) lo provide (ind inci'e&se dwarene%8 for the children of the. comrnunity{via competitions and activities) which will ullimdtcly broaden their understanding of the natural envii'onment and its Integration with farming Jiid food pi'oduclion as a whole To further promote <lrt (ind culture Ihi'ough childi'en 5 coTnpelilion.% %ULh as baking and ci'e<itive arl c} To promote excellence in a wide range of agricultural b<lSed <iclivities e.g. Sheep shearing and the production of quality live.%loLk which are only achievable through high st<indard% ol crop husbandry and iinimal welfare d) To consider dll redsondble requests for Spon.%or%hip or Patronage (iSSOLidled with the furtherance of agricultural culture and heritage, and the development of agricultural skill.8 within the UK and over%e¢iS
e) The promotioii of good animal husbandry Ihrough the orgdnisdlion of lii'estock classcs which are on public exhibition ¢iiid which are f'urther judged at the Show. The aniLnals on 8hDW (e frum local farn15 and in prime condiiion dnd will include most (ypes of farm ¢inimdls (Lditle, 4heep. godl%, hoThe%) w'cll gun duus and workiiig collies. Demonsli'alions of good hu%bandry will als() includc, for c.g. shccp shcaring and horse shoeing D To proniole Lind develop the pmleclinn, conservation and improvcmcnl of the physical dnd naiural environment dnd lo further promote companie5 whuse dLllI'ilieg mdy furihei. this and all ulhci vbj¢¢Liv¢s liei'e stdled g) To establiqh andlor %uppurt dlly OLher chtable purpose falliiig witl)in the AsSULi¥ilion c)bjeLlive%, dnd io l<tke %ucli slcps &5 iiiay be d¢¢m¢d appropriate for the purpose of raising funds tor the A%%oci&tinn s activities h) To continue with lind c)Iher uctivilic% dccnicd tn furthcr any of tlie above li£ted ohjeLlive.s Achievements. und PLrfurmunce The A%%ocidlion % annual show- ' Thc Angus Show" W<lS held (Il Ihe Bchin site . Financial Review The A%sociaiioii Iiiadc a srnall profil pi'ior lo the purchclSe ot ti %ll)rdge L()nluin¢r The only persun wh() reLei ved PiiyinLnl in dny foriii was Ilie Secrei¢iry/ Treasurer reLeiv¢d a Ii)lal ul. £ 84UU in rLSPCCI of all aspects ot her serviLe prnvisinn ,who Reierv*% Pi)licy Ai Ilic Yc1 I. cnd the As50Cicilion h<icI a hiilcillLe (Il. unrestriLled tund8 aiiioiinling to £69188 these t'unds are sutticienl lo. l. pi-civi(le the OrKin¥ Cdpildl requirLd to .stagc Ihc 1¢ nniirfil Angus Show 2. pi'ovidc IIIL C.OlllllliLieL Mciiibcrs witli Ilie coiificlenLe Ihcil s111)uld, d% Ii&LS liappcncd in Ihc p&sl. the Aniiu<il Sho, be overcome by eN'enli oul with ihc Control of Ilic Corninitiee, and little or nn income be generdled by ihc Shuw. Ihcrc ai'c sufficicnl funds li) PLIY (he Li'ediloi'% ul. Ilie Ass0¢isilioii. wirhoLIt recoiirsc lo ihe personiil ii%%et% ()i- Ihc McinhLrs of tlie Coiiiiiiillcc Thc AssocL<ilion dl%0 helll 12fO nl. re.%lriLled fund.s wliich h1( ve been pi'ovided for rhe purrK).%es ot Ihc Latc Archibdld A Whyle s J'ri7c PLind
Trustees, Annual Report {contl Year ended 30tb September 2024 Statement of Thtee5, RespoD5ibilities The MembeTS Of (he Comrniitee mu%t prepare finiiiJLiJJ statemen(g which give sufficieni deiail to enable an appTeLiaiioii Lif the irdnluciions of tl)e AsscKidlion during the financial vear. The Members Df tlie Cotnmiiiee re .pD.4]hIe for keepiug PiDper &leLuyniing records which, on request. Inu51 Tetleci Ihe finllncial position ol the Association at Iliai lime. Thi5 Iniisl be done 10 ensure Ihai Ihe financial slatemeDts comply ivith rhe Clknriiieg and TrL]siee Inve51ment (Scotlandl Act ?005, the Chariiies Aount$ I,8cnilandl RegulcitiDns ?QnlJ I'liey dTe also responsible for safeguardino th¢ Isets ol. Ihe AssQClation llnd musl tuke i'ea%Onciblc ¥l¢ps foi. the PTei'enuon andlor detection Df fiaiid and other in8ularilies. AI iii",?IJLd Ilk IliL Ti'u4t¢ei iiii14lbrnL.d on ih¢ir behllif, ChaiiTh#n Date 3rd December 2024
An¥us AgrleulturAI AssoLiation SC OU4879 Independent FJxaminer's Report to the Trustees of the Angus Agricultural Association repoit on Ilie accoLiiils ot. the ch£irily I'oi. the year ended .311 %cpl¢mber 2024 which air sel out on Piiges 7 to Respective re$pon5ibilities of trustees and exaniiner The chai'ity, s trustee5 are respun%ible for ihe prepdrdlion of Lhe accounts in accordance with the lenn% ol. Ihc Ch<iriiies ¢iiid Truylee Inve4lmenl (SLoilJnd) ALI 2005 and tlic Charities Accoiints (Scotl(ind) Regulaiions 2006. The charity trLisl¢es consider that the ¢iudil requirement of Reguldlinn l O( I l (d) of Ilic Accounis Rcgiiliilions does not <ipply. Ii is my IE.sponsibility lo ex4imine ihe dCCOLinl.¥ I'cquircd under section 44(1) (L) ot. the Act and to stllie whether partlLuldr mdiier.s hLve come lo rny alntIOn. Ba81% nf Iiidependent examiner's stutemenl My cxamin¢l1ion is cai'L'ied Out in ¢lLL()rJanLe with Reguldlion 11 of ihe Chlql'ities Account% (SLoilund) Regulcilions 9006. An ex(Imin<ilion inLludc4 11 rcviLw ()f tlic accounting reLorLl% kept by the chariiy and a LOmP(Iri40n ol- Ihe dccounL% pr¢4enlcd with th04C i'ccol'ds. It also inLlude% ci)n%iderdlion of iiny uiiu.siial il¢ms or di%clo%ui'cs in ihe iiccounis, and 5ccks expl4ill¢ilions Irom Ihe Iru%lLC% L(InLL'I'iiing any .SLich m4111ei's. The procediii'es iiiidertLikeii d() nnl prnvide <111 the e¥'i(lenLe ih<il would bL rcquii'cd in an aLidil. and L()n%equenily I do n()1 expre.s% (In audit opinion on the view given by tlic accounts. Independent examiner's sthtement In Ihc cour%e ot. m), ex&iminaiicin. nil muller h<14 Lumc lo my dllcnlion whiLh gil'e% me red%oniiblc LdUSL to bL.licvc ihÉil 111 Ic Ily Illkltci-iÉil i'e%peLI the requiremenl%.' to keep £icLouiiliiigT feLI)fLl% in LILLnrdanLe wilh Section 44(1'l la) of th¢ 2005 Aci and Regiiluiion 4 of Ih 20116 ALLI)unl% Ilc¥ulalii)ns, and 10 pi'cpat'c &ccounts w,hich <iccord with the aLLouniing reLord% lind Loiiiply wilh Regul(Ilic)n 9 1)I' the 2111)6 ALL(iunl% Reguldli(Ins hdve iiiil heen ITILI, Dr 2. 11) whiLlI. iii iiiv opiiiiaii, aiienlion slioiild bc drawn in order to endble a prO[r undLrsliLnding of the Dlile.. ts201L
USA ricultural A8sociati(bn Recei ts and Pa ments Aceount Year ended 30th se tember 2024 Unrestricted Restrieted Endowment Trunds Funds Total Tothl 2024 2024 2024 21124 2U23 Recei Note LegaciL ALlivili¢% fur Generaiing Funds Bank & D¥p()%ii inlLTLsI InvL%imLnt inci)mL 79924 79924 Y55Y6 1021 80945 80U45 96128 RLniul i)f prLll)i8CS .%alL l)I' invL%imLnis Visil .SL(>ilund Grdni ()IhLr RLLLIPIS Total Rccci ts 80945 9612 ment5 CiJsl.4 of generllting funds Charitable #ctivities 79508 1090 In90 2698 Governance costs Other pllyments Purchll.se of A55ets Y511 12tK) Tot#1 Pa ments 81548 81548 7.5875 Exc¢s5 of payment5 over income for the yegr before transfers Transfer5 Exce55 of Receipts over Payments for the year 603 2U293
culhEral A OD atemtut ofB 'nreslricled funds Restrlel¢d lunds Endowmellt funds TDtsI Totsl Nt)t¢ nk&Dt osit 11 Bdiik &. UL'pnsii balunces bTIJULTrhi fiiN'ard CApltal Expendify Movcrnent in vt4r'. ol IlcceipLS OVW Payin¢ts for Ihc year 09791 250 7(K141 49748 16D31 1003) 20294 Bank & <k'pusii balanc¢s eiirrted foN'Jrd 091XR 6Y4.18 741 VISlh)eiJ rktt v4lue (cast L xxxxx} Gift Aid ft¢¢¢ivuble Co5L uf Tepair nDI yL41 billr(I The llrcounis w¢r¢ upproved hy the Cnmmiiiee LTr51 ITO DeLemkn 2024
USA ricultural Association Notes to thc Accounts l Trustee Remuneration and Relattd Party Transactions No trusitre reLtrived any ietnun¢i£ili()n iir rLimhur%Lnicni i)f LXPLnses durjng the year, No IruslLe or a person rtl<ilvd Ici <1 Irusiee had any pcr%nt]al inicrL5t in dlly Luniraci i)r transaLtion entLred inlu by lh¥ Lharily durints IhL yLar. 2 Movements in Funds At l Oetober As 30 Sept 2024 At 30 Sept 2023 2023 Receipts Payments Unrestricted funds ()pLrutiiiniil Funds 69791 80945 81548 69188 69791 69791 811945 81548 691118 69791 Restrieitd fund$ LUIL ArLliibiild A Whyte's Pri/.L Fund 250 250 250 2511 2511 Endowment fundg To191 funds 711041 811945 711041 uf RLsiriLILLI Funds Pri7.L Fund Capital
3 Analysls of Payments 2024 2024 2023 Costs of generating funds Consists of Payments to local volun(ary organisations as per Charitable aciiviiies) Prize money {and related costs-rosettes elcl awarded to competitors 79508 79508 71937 11361 11361 11569 50981 50981 46954 Direci COqLS of operating Show Bank chargye5 Administration expenses Insurance 25 25 25 8400 8400 7700 2790 2790 2725 Printing 8tationary posta&ye & telephone Arriliation fee8 licences etc 3510 3510 2232 1966 1966 732 Committee expenses 475 475 79508 79508 71937 Charlt8ble ¥ttlvliles Payments to Ioc31 voluntary organi$ations asyisiing ai show 1090 1090 2698 1090 1090 2698 Governance costs Independeni examiner's fees Other payment5 Purchase of absetb 950 950 1200 Purchase of investments 81548 81548 75835 4. The Secret&ryl TreAsurer reeelved a total of £8400 in respect of all aspects of the %rvice provlslon to the As50C18tio. Thls ineludes offlee facilities 2024 2023 S. Collectlons for Third Parties