REGISTERED COMPANY NUMBER.. SC363659 (Scotland) REGISTERED CHARITY NLMBER= SC008026 f the Trustees Uhfiuditcd Fin tatements lor the Yellr Endod 1st December 2025 tti5hN ti tock Club Farrics Kirk & Mtveao Dumfri¢s l-'nterprise Park Hcaihhall Dutnfries DUMFRIESSHIRE DGI 3SJ
at Stock Club Contents of tho binanci¥l Statements lor the Year knd d De¢embtr 2025 Pwge Report of the Tru$t¢¢$ Indtpendent Examiner s Report St*temÈnt ofFin&ncial A¢tivitie$ BxlgTrce Sbect Nott5 to the FinaDcial Stattments Detsiled Statement of Finantial Activit1¢5 10
S¢otti$h Nxtional Fat Sto¢k Club Re for the Ye ort of the Trustets 1st Deeember 2025 The trustee5 %vho are also dire£iors of the charity for the purposes of the Compani¢s AGt 2006, present their rep)rt with th¢ financial statcments of thc charity for Ihc ycar ended 3151 De£embcr 2025. The Irusiees have alloptcd the provision5 Of Accounting and Reporting by Charities.. Sthiement of Recommcndcd Practi¢¢ applicablc to charirics preparing their accoullt5 iii accordance with the Financial Reponitt8 Standard applicable in the UK and Republic of Ireland IFRS 102} leffeciiv¢ l January 20191. OBJECTIVKS AP4D ACTIVITIES Obje¢tive$ And Altns Thc Charitable cornpany'5 objccliv¢s as set out in its Mcmorandum & Articles of A$50ciation are.. al To tducaic the public Een¢rally and farniers in parti¢ulaT with regard to breeding, fc¢din8 znd n]Jintaining the w¢ifar¢ ofcaiile. sheep, pig& poultry and otheT livesrock. bl To prgmole scieniific rcscarch in¢0 the breedin& feeding and Welfa of Such livestock and to the results thereof to provide training and to promote besi praetite. cl To promoie excellence in Scottish livestock and to advance educ81ion 8ttdlor sci)tifJc research Ihcrcin through llnnudl and othcr shows nd ¢0 award prizes, awards andlor bur5arie5 in conneciion therewilh. ThLS is achicv¢d by thr organisation of the Native Porty show, Premier Meal Exhibitson and Livcscfji ACHIKVLMENTS AND PERFORMANCE Ch4ritxbl¢ activities The chariiable comparty had continued educaie the public generally and farmers in particular with regard to br¢¢ding, feeding and maintsintn8 th¢ welfare of caiilc, shcep, and other livestock. Increasing our FKdigre¢ lambs and talf rlass¢s for Showing purposes. The chariiable company has ¢oniinued to promoic scicniifit rcs¢arrh into br¢edin& fecding and w¢llar¢ of such livesiock. Each Ye we also run & charily rib ro audion, this year in aid of RSABI and Macmillan nurses. FINANCIAL REVIEW Re5orv¢5 poliey Thc unresiricicd funds amounted to £80,17812024. £76,168) and Ihe iru$te¢s ofthe opinion this is ad¢qu4t¢. The surplus for the yeaT was £3.99212024- £2,834) FUTURE PLAP45 Th¢ Charitable company will coniinue io cdueaic the public gencrally and faTtn¢r5 sn particular with rc8ard to br¢edin& feeding and aintsining lh¢ w¢lfare of ttle. sheep and othLr liv¢slock. The chariiable comwy will also coniinuc to promote 5cicntific rcscarch into thc brc¢din& f¢¢ding and welfare of 5urh livestock. This will cortlinu¢ to be acliieved through organisalion of the Livescoi show. STRUCTURE, GOVERNANCE AD MANAGEMENT OrE#1115ational 5tructurt The board mernbers of the chariiable company are its trustees for the purw5c of ehariiy law. Thc board consists of th¢ Chainnan, Vice-chairman, treasurer and up io twenty individual irusie¢s. The Chairman and Vi¢e.Chairman musi be re-ele¢l¢d annually by the Trustc¢s at each Annual G¢n¢ral Meeting and sh211 not hold office for more than Ihree years. The TTU$t¢¢5 Tv¢ for a continuous period of five years. Annual membcrship ofthe charitable company is availabl¢ 10 any pctson applying to Ilie Board, tlthuugh ¢hc Board has the right to refuse membership. The Board may ai any lime elect a5 an Honorary Memb¢r any pcrson Ihcy rnay approve. The Truse5 del¢Eate th¢ doy to day responsibility of tDanaginB thc charity 10 Julie Wighi. Risk management The Irustecs have a duty io idcntify and review ihe risks to which thc charitable cornpany is exposed and to ensure appropriat¢ ¢ontTo15 are in place io provide reason2ble assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS R¢gistered Company number SC363659 Iscoildiidl Re2l8ttrtsd Chority numb¢r SC008026 Pa£e I
rthty riryutcrul gmt¢ D0109KA J BLIaY esl ' Citsig H I>iinkTrp D I:tr$ki B HirprT il IIDrvcy 4 V4fflc¢ A Ivctr l.a1¢5 Kirk &.U£V¢an Dyfflfri¢> Initri. PJtk Jyrnlnes ObMFRIEbSIIIRC t1 JSJ Apptovtd byurthr0ltheiardUfIrnsl¢rsOj sih,WAy !V26 WMI ¥n¢d on iisbrhalff by.. VJnLY- Tru(L P4e2
Inde edent Ex&miner's Re ort to the cotti.sh NAtion#l Fat Stock Club U5tee5 of Independent exAmlner's report to the trus¢ee5 oIScottish NAtionl Fat Stotk Club I'the Company,) I report to thc charity trustees on m>. examinaiion of Ihc Lonts of ilie Company lor the year endLd 31st Dtcefflber 2025. Re5ponsibllltles b$is of report As Ihc charity's trustee5 of the Comp2rty12nd also it5 directo for ihe purposes of company lawl you are responsiblc for rhe preparation of the a¢counrs in accordan¢¢ with the requ1m¢nI5 of Ihc Comp2nits Act 20Q61'th¢ 2006 A,1. Having 5at15fJed myself that the account5 of the Company 2rc noi required 10 b¢ audil¢d under Part 16 of the 2006 Ati and are eligible for independeni exanjination. I report in respcct of my exarnination of your charity's accounts as carried out under Section 145 of Ihe Chtriiies Aci 2011 I'the 2011 Aci). In ¢arryirt8 Out tny ¢xamJnaiion I have followed th¢ DiTCCtion5 given by Ihe Charity Cottunission undcr S¢ction 14515) Ibl of ihe 2011 Art lrtdependont examiner's statement I havc complcicd my examinlOn. I confirm thai no maitsT$ hav¢ com¢ to my attenlioD in conneuion with the Cxamination giving me cause io kli¢v¢'. ac¢ounting records were noi kept in reswt of ihc Company as required by Se¢iion 386 ofthe 2(K>6 Aci. or the acc4)unts do not &ccord with Ih05e records. or the accounts do not comply with ihc aecouniirtg T¢quir¢m¢nts ofscction 396 of the 2006 Act other than any requiremcnt thai ihe awounts give a irnc and fail view which is not a matter considered as part of an independent cxaminaiion.. OT the accounts have not b¢¢n prcpared in accordancc with the mcihods and principles of Ihe Staietneni of Recomrnended Prdctice for accounlsng and rcponing by charities (Applicable to chariiics prcparing their ttttounts in accordance with thc Financial Rtporiing Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no cottcerns and have come across no oih¢r mai¢¢rs in ¢onneciion with the ¢x&mination to which alteniion should bc drawtt in thi5 report irt ordcr to Cnable a propcr understhnding of the accounts 10 be reached. Rodnty Palmer BA CA Th¢ Institute of Chartered Accountan¢5 of Scotland Fatries Kirk & Mcvean Dumfric5 Enicrprisc Park H¢athh211 Dumfries DIJMFRIESSHIRE DGI SSJ 5th May 2026 Page 3
ational F4t Stock Club t of FinAneiAI AttlVLtics tm er 2025 for iht Y 2025 2024 Toral funds Unrestricted rund Noic5 INCOME AP4D ENDOWMENTS FROM Donaiions and legacies 22,645 24.882 Other Iradin8 a¢¢iviti Other incom¢ 43,050 9,482 46.621 1,439 TotAI 75.177 72,942 EXPENDITURE ON Rai5in8 funds 150 Charitable ittiwitit$ Cosis of Events Support C03t5 55,213 15.972 48,273 21.685 Tot•1 71.185 70,108 NET INCOME 3,992 2.834 RECONCILIATION OF FUNDS Toi*l funds broughi forward 76.186 73,352 TOTAL FUNDS CARRIED FORWARD 80.178 76.186 The note5 fortn part of these financi llaiem¢nts Page 4
J..1 CVRRENT ASSETS 240 Ik'Nor$ Z.446 11,144 80,518 CREDITORS Amourts [1111 wiUiiK onG hEI' LUItKEhT..%SSET5 TQT#lLASSETS LISS CURRLIT LIAOILIYILS NET ASSkTS un1c51nrj TofALFUliDS 10.171 Th¢ cli11( (MpanY IS ¢J¥.Iil¢d ID ¢X4'WA from &udil yndEr of ihE Compini¢5 Aci 2006 for Ik )eJi enthd ie Incli5 ¥L'4blt¢d ULC ¢ninPiny to obwin affl a4lil of Ils linawil xai¢nKnLf for JElr jla tkttmtrtr 20?J Ill The.'ruS¢& ft¢L'fio4EdÉ{ th¢irr¢qJonsibiliil¢s 5u{jiig dTrIab kixp5 uGwuni1 Uiai cothpty iyiih Seciiyn5 516 Jg7 of rh¢ &ry4ns ilct 2006 pliarIEI., fiilMCI4 #.tILts h1¢h 4nd fair ¥'W of oi Jffaits ofthe COnNwy Cnd of tKh finunÈiJl yLpai ofiL%yJtyu5 Ikfi¢ii for roth finKiqI >ir In oetvr4iDIX Wilh Iht ityvemenu o¢See115 j94 395 Jnd ¥thi<h oiWi5¢ comply With tht wuir¢ni¢iill ollhc Cuhipan4U 2n06 rililiiiB 10 SlRmEw5. so lar 4ppli&iblt lo IhLth4ntJhl¢coJTpany VJnipani¢s Tc$IMe. Tht nn£la1 ga'1¢11i1 by ol I'rn#Ks wJilwJii5¢J r(rf i*V4' 5ih Miy 2016 by. ce.Trw¢e
Scottish NAtIonAI Flt Not oth bin l %tatements for ACCOUNTING POLICIES Bx$15 of preparing the financial 5tatem¢nts The fjnancial 51atern¢nts of ihe charltablc company. which is a public bertefit entity under FRS 102, have be¢n prepared in ordance with thc Chariiics SORP IFRS 1021 'A¢countin8 and Reporting by Charilie5.' Statement of Reconimcndcd Praciicc applicable io chariiies preparinE their 2c¢oun¢S in accordance wilh the Financial Rcponing Standard Etppli¢able in the UK and Republi£ of Ireland IFR% 1021 leff¢rtive l January 20191,. Financial Rcporting SLinddid 102 Th¢ Financial Reponing Standard applicoblc in the UK and Republic of Ireland, and Ihc Cotnpanies Arl 2006. The financial ststcmcnts have been prcparcil under the historical cosi rvnvention. Income All income is recogniscd in the Staiemeni of Finao¢ial Activities onc¢ the charity has cntitlcment lo the lunds, it IS PTobable that ihe incoJn¢ will bc Tc¢eived and the atnounl can k m¢asur¢d reliably. Expenditurt Liabilities ar¢ r¢cognis¢d as ¢xpendiiure &s s(x)n as ihere is a l¢g#l or Constructive obligation committing the charity to that expcndiiurc, it is probablc that a Iran5fer ofeconomic bencfiis will be requircd in sciilenienl tnd lh¢ ainouDt of the obligation can be measuTed reliably. Expenditurc is accounted for on an accruals basis aiid has bcen classified under headings thai aggregate all cosl relaied 10 the caiegory. WheTe cosis ¢dnnot be directly attributed lo particular hcadin&% Ihey hav¢ be¢n allo¢ai¢d 10 activities on a basis consist¢ wilh the use ofresourtts. Tangible fix¢d 455ets tkpreciation is provided at ihe followin8 annual ra1¢5 in order io write off each asset ovcr its estimated useful life. Stocks are valua at the lower of cosi and nci Icalisable valuc, aftcr making due allowance for obsolde atsd slow tmving iiems. Taxation The charity 15 ¢xeinpl from corwration t&x on its charitable activitie Fund accounting Unrestricied funds tan be used in accordance with th¢ charitable objeciives at the discreiion of the tru$es. Restricd fund5 can only be used for particular restrictrd purposes within the 0bjcC of the charity. Restrieiions &ri$e when specified by the donor or when funds are raised for particular r¢siric*d purpose5. Funh¢T explanation of the naiure and purpose of each fi]nd is includcd in ihe not¢s to th¢ financial statefftcnts. OT14ER TRADIYG ACTIVITIES 2025 2024 Sponsorships 43.050 46,621 NET INCOMKI(EXPENDITURE) Ner Incomlexpendl[UreI 1$ $iat¢d after Chargin(Creditingl'. 2025 2024 D¢prcciation- owncd assets 90 Pag¢ 6 continued...
Scottish,Wgtlonal F2t Stotk e5 to th Fin for the YeAr Ended atem¢nts- tontinued TRUSTEES, RE,MUNERATIOYI AND BENEFITS Theie wer¢ no twst¢e5' remuneraiion or other benefits for the year ended 31st December 2025 nor for the year ended 31st December 2024. Trustees, expense$ Th¢re were no trustees, expenses paid for the y¢ended 315t Decembcr 2025 nor for the ye8r end¢d 315t Decembcr 2024. COMPAK4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unresiricted fiind INCOME AND ENDOWMENTS FROM Donation5 and legacies 24,882 Other trading activities Other income 46,621 1,439 Totsl 72.942 F.XPENDITURE ON Raising funds 150 Charbtable A¢ttvitieJ Cosis of Ev¢Dts Support Costs 48,273 21,685 Total 70.108 NET INCOME 2.834 KECOliCILIATION OF FUNDS Total tund5 brought forward 73,352 TOTAL Fuf+iDS CARRIED FORWARD 76.186 TANGIBLE FIXED ASSETS Plant and ma¢hillery Computer equipment Trophies Totals COST Al 1st January 2025 and 31rt December 2025 208 4,470 1,019 5,697 DEPRECIATION Al Isi january 2025 Charge for year 208 900 90 1.019 2.127 90 Ai 31st De¢¢Tnber 2025 208 990 2,217 NET BOOK VALUE AI 31 De¢emb¢r 2025 3,480 3,480 At 31st December 2024 3.570 3.570 Page 7 ntinucd...
ttish NAtional Fat Stock Club Note$ to the FinAnci*l StAtemon for nded 31st Dttembtrr 202S STOCKS 2025 2024 Stocks 240 240 DEBTORS.. AMOUNTS FALLING DUE WITIIITrI ONE YEAR 2025 2024 Trad¢ d¢bior5 PpaYMentS 80 2.478 2,446 2.558 2.446 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 VAT 4.946 1.500 4,802 3.100 A¢crued expenses 6,446 7.902 io. MOVEMENT IN FUTr4DS Net mov¢tnent in funds At 31.12.25 At 1.1.25 Unr¢5tricted funds General fund 76.186 3,992 80.178 TOTAL FUNDS 76,186 3,992 80,178 Net movcmcnt in funds, includcd in the above ar¢ as follows,. In¢oming r¢sourccs R¢souT¢e expended Movcment in fund5 Unrestricted fund5 Gcneral fund 75,177 (71.1851 3,992 TOTAL FUNDS 75,177 3.992 Comparatives for movcrn¢nt in funds Nei movemeni in fund5 At 31.12.24 At 1.1.24 Ullrestrltted fynd5 GcneTal fund 7J.352 2,834 76,186 TOTAL FUNDS 73,352 2,834 76,186 Pa8e 8 ¢oniioued...
HI Fat Stock Club ¢ Financial St#trments contin 1st Dettmbtr 2 io. MOVEMENT IN FUNDS-continved Comparative m(pv¢ment in fund4 included in the above ar¢ as follows.. Incotning resources Rcsources expended Movcmeni in funds Unre5trieted funds Gencrdl fund 72,942 170,108) 2,834 TOTAL FUNDS 72.942 {70.108} 2,834 A current year 12 mooths and prior year 12 months combin¢d po$stion 15 as follows.. tnovern¢nt in funds At 31.12.25 At 1.1.24 Unrestricted fut)ds General fund 73.352 6.826 80.178 TOTAL FUNDS 73,352 6,826 80,178 A curr¢nt ycar 12 monih5 and prior year 12 months combin¢d net Jnovemcnl in funds. included in th¢ abovc are as follows.. Incoming resources Resources cxpendcd Movement in fijnds Unrestricted fundj Gen¢raJ fund 148,119 1141,2931 6,826 TOTAL FUNDS 148,119 {141,293} 6,826 RELATED PARTY DISCLOSURKS Th¢r¢ wcre no related party iransactions for the ye8J ended 3 Isi Decetnb¢r 2025. Page 9
Iyationil Fat Stock Club iled Statement of Financial Activiti r Ended 31st Dtttm 2025 2024 INCOME AND EliDOW,MENTS Don8tions and legcles Donaiions SubscriptlOn5 Admi55ions 575 5,890 16.180 5.309 5,667 13,906 22.645 24.882 Other truding activities Sponsorships 43,050 46.621 Othor iDcome Oilier Income 9.4¥2 1,439 Total in¢omine rtsoure¢$ 75.177 72,942 EXPENDITURE Other trading attlvitLts Bad dcbis 150 Chrit#ble acttvitie$ Sundrie5 Prize Money Judges and Siewards Costs ROlIeS 2nd Pri Card5 Livescoi Depn ofiwphies 38 9.637 655 2,856 35,035 26,198 435 3,496 25,424 90 55.658 48,Jll Support eost5 Management Secrethrial Fees Insuiance Posiagc and siationcry Comput¢r Costs Charity Donations Trophy MÈinicnanc¢ 10,194 2.876 293 427 10.170 2,510 266 1,022 4.290 53 13,790 FinAnte Bank ¢harg¢5 237 586 GovernAnet tost5 A¢¢ountancy and leg fe 1,500 2.750 Totsl rcsourc¢s Cxpended 71.185 70,108 Net irteome 3,992 1834 Thib page d(Ks not forni part of lh¢ stotutory financial yaiem¢nls Pa8c 10