Company registration number SC254144 (Scotland) Charity registration number SC008433 (Scotland)
UNITED EAST LOTHIAN AGRICULTURAL SOCIETY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
LEGAL AND ADMINISTRATIVE INFORMATION
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DirectorsAnd Trustees -
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Secretary Garden Stirling Burnet Charity number (Scotland) SC008433 Company number SC254144 Registered office 22C/O HardgateGarden Stirling Burnet Haddington EH41 3JR
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
CONTENTS
| Page | |
|---|---|
| DirectorsAnd Trustees' report | 1-3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5-6 |
| Balance sheet | 7 |
| Notestothefinancialstatements | 8-14 |
UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
DIRECTORS AND TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2025
The directors and trustees present their annual report and financial statements for the year ended 31 August 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Society's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Objectives and activities
The principal activity of United East Lothian Agricultural Society (the Society) is to encourage and advance through education the interest of agriculture within the county of East Lothian.
The Society is a registered charity and the profits or other income of the Society shall be applied in promoting its objects.
The directors and trustees have paid due regard to guidance issued by the Office of the Scottish Charity Regulator in deciding what activities the Society should undertake.
Achievements and performance
This year's show was a resounding success, with strong attendance figures, increased exhibitor participation, and: positive feedback from both visitors and exhibitors. We expanded our educational offerings with interactive displays and demonstrations and introduced several new competition categories that attracted a broader range of entries. Financially, the event was well-managed, with a modest surplus reinvested into showground improvements and planning for next year's show. We are proud of the dedication shown by our volunteers, committee members and sponsors, all of whom contributed to the smooth running and vibrant atmosphere of the event.
Financial review
The total income for the year amounted to £97,814 (2024: £95,402), against total running costs of £76,917 (2024: £77,438) resulting in a surplus of £20,897 (2024: £17,964 surplus).
Capital expenditure for the year amounted to £457 (2024: £955).
The balance of Unrestricted Funds at 31 August 2025 was £100,723 (2024: £79,826).
Reserves policy
The directors and trustees have accumulated reserves within the Society to ensure that there is a sufficient amount to provide for unexpected expenditure, which includes the provision for the cancellation of a Show in any year, as has been the case in recent years.
Risk management
The directors and trustees have assessed the major risks to which the Society is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Plans for future periods
Looking ahead, the Society remains committed to building on the success of previous years while continuing to adapt and evolve to meet the needs of our members, exhibitors, and the wider community. Our key priorities for the coming year include enhancing the educational elements of the show, particularly for younger people, and improving accessibility and sustainability across the event site. Strengthening partnerships with local organisations and sponsors will also be a focus, ensuring the long-term financial resilience of the Society and the continued success of the annual show.
Structure, governance and management
The Society is a company limited by guarantee as defined by the Companies Act 2006 and is controlled by its governing document, a Deed of Trust.
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
DIRECTORS AND TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
The directors and trustees who served during the year were:
(Resigned 9 December 2024) (Resigned 9 December 2024)
(Resigned 9 December 2024)
Recruitment and appointment of directors and trustees
Directors and trustees are appointed by the Convenor and are chosen from the farming community or from people associated with the farming community. Frequency of recruitment is usually initiated if a director and trustee resigns and there is a need to keep numbers up.
Entitlement to appoint directors and trustees
The directors and trustees are entitled to appoint new directors and trustees. This is then ratified at the AGM.
Induction and training policy
Directors and trustees are trained whilst serving and after one year are considered to have a good understanding of the Society and its procedures. Most inductees don't get a responsibility until they have served a few years on the committee.
All of the directors and trustees are members of the Society and guarantee to contribute £1 in the event of a winding up.
Organisational structure
Each director and trustee or any invited participants to a meeting are actively encouraged to put forward any comments or suggestions relevant to the organisation of the Annual Show. The Convener will normally be the leader but all major decisions are voted on by a quorum of directors and trustees.
No preference dividends were paid. The directors do not recommend payment of a final dividend.
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
DIRECTORS AND TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
Statement of directors and trustees’ responsibilities
The directors and trustees, who are also the directors of United East Lothian Agricultural Society for the purpose of company law, are responsible for preparing the Directors And Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the directors and trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Society and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the directors and trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concer basis unless it is inappropriate to presume that the Society will continue in operation.
The directors and trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Society and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. They are also responsible for safeguarding the assets of the Society and hence for taking reesonable steps for the prevention and detection of fraud and other irregularities.
Public benefit
In considering the operations, achievements and performance and finances of the Society, the directors and trustees are satisfied that public benefit has been provided in accordance with the Charities and Trustees Investment (Scotland) Act 2005 and guidance provided by the Office of the Scottish Charity Regulator.
Exemptions
This report is prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board of directors and trustees.
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Director and Trustee
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Date: /oli2|2o2S..—
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
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INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS AND TRUSTEES OF UNITED EAST LOTHIAN AGRICULTURAL SOCIETY EEEULL soe | BOLO | report on the financial statements of the Society for the year ended 31 August 2025, which are set out on pages 5 to 14.
Respective responsibilities of directors and trustees and examiner
The Society's directors and trustees, who are also the directors of United East Lothian Agricultural Society for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The directors and trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from trustees concerning any such matters. The procedures undertaken do not theprovide viewallgiventhe byevidencethe financialthat wouldstatements.be required in an audit and consequentlyi do not express an audit opinion on
Independent examiner's statement
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In connection with my examination, no matter has come to my attention;
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(a) which gives me reasonable cause to believe that in any material respect the requirements:
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(i) to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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(ii) to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;
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have not been met; or
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(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Greaves West & Ayre Chartered Accountants 17 Walkergate
Berwick-upon-Tweed Northumberland TD15 1DJ
Dated: 21, PECERB&. 2028
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025
eee
Current financial year
|
| Current financial year | |||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | |||
| 2025 | 2025 | ||
| Notes | £ | £ | |
| Income from: Donations and legacies |
3 | 22,288 | 22,288 |
| Charitable activities | 4 | 75,526 | 75,526 |
| Totalincome | 97,814 | 97,814 | |
| Expenditure on: | |||
| Raising funds | 5 | 41,517 | 41,517 |
| Charitable activities | 6 | 35,400 | 35,400 |
| Total resourcesexpended | 76,917 | 76,917 | |
| Net income forthe year/ | |||
| Netmovement infunds | 20,897 | 20,897 | |
| Fund balances at 1 September2024 | 79,826 | 79,826 | |
| Fundbalancesat31August2025 | 100,723 | 100,723 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
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STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025
| Priorfinancial year | |||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | |||
| 2024 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 19,896 | 19,896 |
| Charitable activities | 4 | 75,506 | 75,506 |
| Total income | 95,402 | 95,402 | |
| Expenditure on: | |||
| Raising funds | 5 | 39,702 | 39,702 |
| Charitable activities | 6 | 37,736 | 37,736 |
| Total resourcesexpended | 77,438 | 77,438 | |
| Net income forthe year/ | |||
| Netmovement infunds | 17,964 | 17,964 | |
| Fund balances at 1 September2023 |
61,862 | 61,862 | |
| Fundbalancesat31August2024 | 79,826 | 79,826 |
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
BALANCE SHEET AS AT 31 AUGUST 2025
eee
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 12 | 2,146 | 1,523 | ||
| Current assets | |||||
| Stocks | 13 | 588 | 695 | ||
| Debtors | 14 | 2,106 | : | ||
| Cash at bank and in hand | 96,483 | 78,208 | |||
| 99,177 | 78,903 | ||||
| Creditors: amountsfallingdue within | 15 | ||||
| one year | (600) | (600) | |||
| Net current assets | 98,577 | 78,303 | |||
| Total assetsless current liabilities | 100,723 | 79,826 | |||
| The funds ofthe Society | |||||
| Unrestricted funds | 16 | 100,723 | 79,826 | ||
| 100,723 | 79,826 |
The Society is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025.
The directors and trustees acknowledge their responsibilities for ensuring that the Society keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the Society as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Society.
The members have not required the company to obtain an audit of its financial stetements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 6d by the directors and trustees on AlizleZS
Director and Trustee
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
ee
- 1 Accounting policies
Charity information
United East Lothian Agricultural Society (the Society) is a private company limited by guarantee incorporated in Scotland. The registered office is C/O Garden Stirling Burnet, 22 Hardgate, Haddington, EH41 3JR.
- 1.1 Accounting convention
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The financial statements have been prepared in accordance with the Society's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The Society is a Public Benefit Entity as defined by FRS 102.
The Society has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements are prepared in sterling, which is the functional currency of the Society. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
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At the time of approving the financial statements, the directors and trustees have a reasonable expectation that the Society has adequate resources to continue in operational existence for the foreseeable future. Thus the directors and trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
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1.3. Charitable funds Unrestricted funds are available for use at the discretion of the directors and trustees in furtherance of their charitable objectives.
1.4 Incoming resources Income is recognised when the Society is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Society has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the Society has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. | Turnover is measured at the fair value of the consideration received or receivable and represents amounts | receivable for goods and services provided in the normal course of business, net ofdiscounts.
NeeTe
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
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1 Accounting policies (Continued) 1.5 Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and machinery 25% Straight line Office equipment 15% - 25% Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets At each reporting end date, the Society reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
- 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.10 Financial instruments
- The Society has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Society's balance sheet when the Society becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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REEDED
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 eee 1 Accounting policies (Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is classifiedmeasuredasat thereceivable present valuewithin one of theyear futureare notreceipts amortised. discounted at a market rate of interest. Financial assets aa
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities Financial liabilities are derecognised when the Society's contractual obligations expire or are discharged or cancelled.
2 Critical accounting estimates and judgements
In the application of the Society’s accounting policies, the directors and trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
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Unrestricted Total
funds
general
2025 2024
£ £
Donations and gifts 628 988
Sponsorship 19,365 16,578
Membership fees 2,295 2,330
22,288 19,896
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
4 Charitable activities
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||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Show day|42,805|41,130|
|Catering|6,685|6,298|
|Stock|entries|6,523|6,740|
|Advertising|8,505|7,518|
|Trade|stands|11,008|12,320|
|Miscellaneous|-|1,500|
|75,526|75,506|
|5|Raising|funds|
|2025|2024|
|£|£|
|Fundraising|and|publicity|
|Staging|fundraising|events|38,196|36,582|
|Trading|costs|
|Other|trading|activities|3,321|3,120|
|41,517|39,702|
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|6|Charitable|activities|
|Cost of|Depreciation|Total|Total|
|generating|2025|2024|
|voluntary|
|income|
|£|£|2|£|
|Depreciation|and|impairment|-|457|457|213|
|Secretarial|remuneration|11,000|-|11,000|10,750|
|Insurance|2,646|-|2,646|2,672|
|Postage|and|stationery|8,099|-|8,099|8,866|
|Sundries|2,717|-|2,717|2,793|
|Entertainment|1,873|-|1,873|1,209|
|Catering|6,792|.|6,792|7,279|
|Repairs|140|.|140|341|
|Commission|on|sale|of sponsorship|1,076|-|1,076|1,019|
|Trustees’|remuneration|-|-|-|2,006|
|34,343|457|34,800|37,136 l|
|Share|of governance|costs|(see|note|7)|600|-|600|600|
|34,943|457|35,400|37,736|
|7|Support|costs|
|Support|Governance|2025|2024|
|costs|costs|
|£|£|£|£|
|Accountancy|-|600|600|600|
|-|600|600|600|
|Analysed|between|
|Charitable|activities|-|600|600|600|
|Governance|costs|includes|payments|to the|accountants|of £600|(2024:|£600)|for accountancy|fees.|
|8|Net|movement|in|funds|2025|2024|
|£|£|
|The|net|movement|in|funds|is|stated|after|charging/(crediting):|
|Depreciation|of owned|tangible|fixed|assets|457|213|
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
| | | | | | |
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9 Directors And Trustees No directors or trustees (2024: 1) received any remuneration during the year (2024: £2,000). None of the directors and trustees (or any persons connected with them) received any expenses during the year or the preceding year.
10 Employees
There were no employees during the year.
11 Taxation
|||The Society isexemptfrom taxation on itsactivitiesbecause all itsincome isapplied|The Society isexemptfrom taxation on itsactivitiesbecause all itsincome isapplied|forcharitablepurposes.|purposes.|
|---|---|---|---|---|
|12|Tangible fixed assets||||
||
|||Plantand
machinery|Office
equipment|Total|
||
£
£
£|||||
||
Cost|||||
|||At 1 September2024|45,473|1,741|47,214|
||Additions|1,080|-|1,080|
||
|
||At 31August2025
Depreciationandimpairment|46,553
——|1,741
as|48,294
—|
|||At 1 September2024|44,591|1,100|45,691|
||Depreciation charged in theyear|296|161|457|
||At 31 August2025|44,887|1,261|46,148|
|||||||
||Carrying amount||||
|||At 31 August2025|1,666|480|2,146|
||At 31 August2024|882|641|1,523|
|13.|Stocks||||
||||2025|2024|
||||£|£|
||Finishedgoodsandgoods forresale||588|695|
|14|Debtors||||
||||2025|2024|
||Amounts falling due within one year:||£|£|
||Prepaymentsandaccruedincome||2,106|-|
= 43%
| UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
SeeELAR ae OAR EA PE VELLA AVEO 15 Creditors: amounts falling due within one year
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Accruals | and | deferred | income | 600 | 600 |
16 Unrestricted funds
The unrestricted funds of the Society comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.
| Ati | Incoming | Resources At | 31 August | |
|---|---|---|---|---|
| September | resources | expended | 2025 | |
| 2024 | ||||
| £ | £ | £ | £ | |
| General funds | 79,826 | 97,814 | (76,917) | 100,723 |
| Previous year: | At1 September 2023 |
Incoming resources |
Resources At expended |
31 August 2024 |
| £ | £ | £ | £ | |
| General funds | 61,862 | 95,402 | (77,438) | 79,826 |
| Analysis ofnetassets between funds | ||||
| Unrestricted funds |
Total | Total | ||
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| Fund balances at 31 August2025 are represented | by: | |||
| Tangible assets | 2,146 | 2,146 | 1,523 | |
| Current assets/(liabilities) | 98,577 | 98,577 | 78,303 | |
| 100,723 | 100,723 | 79,826 |
17 Analysis of net assets between funds
18 Related party transactions
There were no disclosable related party transactions during the year (2024: None).
Ee ae EE ec STV
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Donations and legacies | ||||
| Donations and gifts | 628 | 988 | ||
| Sponsorship | 19,365 | 16,578 | ||
| Subscriptions | 2,295 | 2,330 | ||
| 22,288 | 19,896. | |||
| Incoming resources from charitable activities | ||||
| Show day | 42,805 | 41,130 | ||
| Catering | 6,685 | 6,298 | ||
| Stock entries | 6,523 | 6,740 | ||
| Advertising | 8,505 | 7,518 | ||
| Trade stands | 11,008 | 12,320 | ||
| Miscellaneous | . | 1,500 | ||
| 75,526 | 75,506 | |||
| Total incoming resources | 97,814 | 95,402 | ||
| Resources expended | ||||
| Costs ofgenerating funds | ||||
| Costs ofgenerating donations and legacies | ||||
| Show expenses | (38,196) | (36,582) | ||
| Fundraising trading : costs ofgoods sold | ||||
| Show prizes | (3,321) | (3,120) | ||
| BalanceCarriedForward | 56,297 | 55,700 |
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UNITED EAST LOTHIAN AGRICULTURAL SOCIETY
DETAILED INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
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|---|---|---|---|---|---|
|2025|2024|
|£|£|£|£|
|Balance|Brought|Forward|56,297|55,700|
|Charitable|activities|
|Cost|of generating|voluntary|income|
|Secretarial|remuneration|11,000|10,750|
|Insurance|2,646|2,672|
|Postage|and|stationery|8,099|8,860|
|Sundries|2,717|2,793|
|Entertainment|1,873|1,209|
|Catering|6,792|7,279|
|Repairs|140|341|
|Commission|on|sale|of sponsorship|1,076|1,019|
|Trustees’|remuneration|-|2,000|
|(34,343)|(36,923)|
|Depreciation|
|Plant and|machinery|296|56|
|Office|equipment|161|157|
|(457)|(213)|
|Governance|costs|
|Accountancy|(600)|(600)|
|Surplus|for|the Year|20,897|17,964|
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