REGISTERED COMI PANV NUNIBER: SC299076 (Scotland)
REGISTERED CHARITY NUNIBER: SC010186
Report of the Trustees And
Fin*ncial Statemenls for the Year E￿ded 31 Oetober 2025
for
Calthness Agrleuliural Sfrelety
IA Comp*ny Llmlted by GuarAnlee)
Reid & Fraser
Chart¢r¢d A¢countants
15 Princes Srree¢
Thurso
Caithness
KW14 7BQ

CaithDess Agriculthral Society
CoDtellt$ of the FAn*nd*l Statement5
for the YtAr Ended 31 October 2025
P*ge
Report Of the Trystees
IDdependen¢ Examiner's Report
Statement of FID8￿¢181 A¢dvlde
B*l#n¢¢ Sheet
5 to 6
Notes to the Flnin¢lAI SIAtem¢nt$
7 to 12
Dttalled St*temeDt of FlnaDelal Attlvitles
13

Calthness AgrI¢u1t￿r￿l Society IRegistered number: SC299076)
Report of the Trn51ees
for the YeAr Ended 31 October 2025
The tr￿Stee$ who are also directors of the charity for the putposes of the Companies Act 2006. present their report with
the financial skntements of the charity foi the year ended 31 October 2025. The tr￿Stee5 have adopted the provisions of
Accounting alld ReportÈng by Charities.. Siatem¢ni of Recommended Pwti¢¢ applirdbl¢ lo Charities preparing their
accounts in accordance with the Fitnncial Rewbrting S(a]￿rd applieable in the UK alld Republic of Irelajkd {FRS 102)
(effective l January 2019).
OBJECTtVES AF4D AcrtVlTtES
Objective5 and aims
The prineipal objective of th¢ ¢ornpany in ihe period under review was to promot< for the bencfii of th¢ public,
agTi£ulwre and Nral indusiries in Caiihncss.
The activities of the Sociery wtll continue as long as there is a need for IL
ACHIEVEMENTS AND PERFORMANCE
ChArltAble aetlvltles
During 2025, the Caithness AgriculDJral Soeiery enjoyed another highly success￿1 year in delivering its charitsble
objectives. The Societys 182nd Annual Agricultural Show, h¢ld during thc 5umrn¢r, proved to be a significani
a¢hi¢v¢rn¢nt. attracting a strong entry of trade stsnds, exhibitors, and competitors acros5 all Clas￿$. Visjtor Att¢ndan¢¢
was excellent. refleciing coniinued public irttrrest and cngagcment with the Societys aciivities.
The level of participation by young people was particularly encouragin8 And ali8n¢d c105ely th¢ So¢i¢ty'$ airn of
promoting education and intr￿51 in agri¢ulturc and ntral lif¢. Th¢ Socicty rcmains graiefijl for the continued support of
mcmbcTS, voluni¢eTS, sponsors, and th¢ wid¢r Caithn¢ss ￿MMunity, whox ￿ntributIon is essential to rh¢ succc58 of the
Show and the Societys wider WOTk.
Looking ahcad to 2026, thc Caithn¢s5 Agricultural s￿Icty is in a sound financial position and wcll pla¢cd to eontittue
protnoting and supporting agriculttwe, rural Skills, and traditions within th¢ region. whÈle mainlaining and cnhancing th¢
lortg-standing heritage of the Caithne&% Agricultural Show.
FLNANCIAL REVIEW
Reserves poIIcy
Th¢ r¢s¢rvc balan¢¢s r¢pr¢s¢rtts th¢ unr¢stricted and restricted fijnd balances arising from past i)perntin8 results. The
directors are satisfied that ihe reserves will meet the working capitsl requirements of the eompany.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing do¢urnettt
Th¢ chariry is controlled by its governing document, a d¢ed of trwL and eotLStitutes a limiied company. limit￿ by
8uarantec. as defined by the Companics Act 2006.
Each member of the company has undertaken to ¢ontribute an amoum not exceeding £1 ts)w4rds any deficit arising in the
event of Caithness Agrieulttwal Sociery being placed ill liquidaiion.
RecTultment 2nd appolntment (trf new trustees
One ihird of the directors retire in rothtion annually and are not eligible for re-appoinuncnt for one year. Vacancies on
thc board of director5 arc filled by election ac the Annual General M￿ling. At the Annual General M¢¢ting a junior
vicc-president is elecied. Th¢ progr¢&sion from jwiior vi¢e-prcsideni to vice-presidcnt and thcn president is confim]ed at
the Atlnual General Meeting in the following years. Th¢ retiring presiden( con(inues as a dir¢¢tor for one year and
then retires in the 5am¢ way as an ordinary director.
REFERENCE AND ADMtNISTRATIVE DETAILS
Reg15tered Company Dumber
SC299076 IS¢oilandl
Reglstered Charlty number
SC010186
Page I

Caithne55 Agricultsr81 Society (Registered number: SC2991176)
Report of tbe Trnstee%
for the Yefir Ended 31 October 2025
Registered offic¢
Brnadar
Wesffield
Thurso
Caithness
KW14 7QR
Trustees
I A Miller
R W Jnnes Ittsigned 28.1.25}
J A Barn¢tson (r¢Sign￿ 28.1.25)
A W Finlayson
W K Budge (r¢si￿ed 28.1.25)
J A Mwray lappointcd 28.1.251
Ms F C Swanson
Miss G A Duguid
B Sinclair
J G Anderson
Mrs J H Macleod
MJSGunn
Miss F E Sin¢lair
Mrs Y E S M Cumming
J G Swanson
MTS E G MillcT (appoin¢¢d 28.1.25)
J Murray lappointcd 28.1.25)
W Ronaldson lappoinied 28.1.25)
Company Secretary
MTS N J Ma¢l¢od
Independent Ex8mlner
Reid & Fraser
Charteicd Accountants
15 Princes Str¢ei
Thurso
Cai(hn¢ss
KW14 7BQ
Banker5
Royal Bank of Scotland plc
Olrig Strcct
Thurso
Caithn¢ss
KW14 7FIL
This report has been prepared in aceordancc with th¢ special provisions of Part 15 of the Compani¢s A¢t 2006 rclating
to small companies.
Approved by order of the board of tru5ttts on............................................. and signed on its b¢half by..
A W Finlayson. T
Page 2

Independent Ex%miner'5 Report to the Trustees of
Caitbness Agricultural Society (Reglsiered number: SC299076)
I report on the accounts for th¢ y¢ar ended 31 0¢￿ber 2025 set out on pages four to Th¥¢lve.
Respeetive responslbl]Ities of trustees and eTaminer
The eharitys trnstees ar¢ r¢sponsible for the preparation of the accounts in accordance the ternis of the Charities
and Trustee Investment (Scoiland) Act 2(M)5 and the Chariries Accounrs (Scotland} Regulations 2006 (as amended). The
chariry's tnjsiees consider that th¢ audit requiremeni of Regulaiion 101 l Hal to (¢} of (he Accounts Regulations does not
apply. It is my responsibiliry ￿ examine the accounts as rcquiT¢d under Section 44(] Kc) of the Act and to state whether
panieular matters have come io rny attention_
Basis ol tbe Independent exatDiner's report
My examination was carri¢d out in accoTdance with Regulation I l of th¢ Chariti¢s Accounts IS¢otlandl RegularÉons
2006. An examitiaiion includes a review of th¢ accouniing records kept by the charity and a comparison of the aeeounts
presented with thos¢ Twords. It also includes consideraiion of any unusual ii¢ms or di5closW￿ in thc ac¢ow)ts, and
seeking explanaiions from you as ttusttts con¢¢rning any such Matters. The procedurcs undenaken do not provide all
the evidene¢ that would bc required in an audiL and cotLsequenUy I do not express an audit opinion on thc vi¢w given by
the accounts.
Independent examlDer's Statement
In conneciion with my ¢xaminalion. no n7atter has come to my attention:
(l) which gives me reasonabl¢ caus¢ to ￿lieve th*, in any material respxl, the requiremenrs
to keep accounting records in accordan¢e with Scctiott 44(1 Xal of the 2005 Act and Regulation 4 of the 2006
Accounts Regulations: and
io pr¢par¢ accounts which accord with the accouniing records and to comply wilh Regulation 8 of the 2006
Accounts Re8ulations
hav¢ oot been mel. OT
12) to which, in my opinion. allention should be dravrn in order w Cnable a proper understanding of the accounis to be
reached.
Linda Cameron
The lllstitule of Chartered A¢coulltsnts of Scotland
Reid & Fraser
Chartcred Accountants
15 Prin¢¢s Str¢¢t
Thurso
Caithness
KW14 7BQ
li.￿. acQ(
Date-.
Pagc 3

C8ithnes5 Agri¢ultsr41 Society
Staternent of Financial Acttvities
UncorporAtRllg an IDeome and ExpeDdlture ACt0t￿l)
ror the YVAT Ended 31 (ktober 2025
2025
Total
funds
2024
TotAI
funds
Unrestrlcted
fund
Restrleted
fund5
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
1&178
IQ178
17,647
Charitable activities
Show Day
Members, Subscriptions
Pr¢scntatton Evening
83.765
7.017
2.041
83,765
7,017
2.1141
75.911
4,995
1.065
Other trading activiti
62
62
299
Total
109.063
109,1163
99,917
EXPENDITURE ON
Charltable actlvltles
Show Day
Presentation Evening
Manag¢mcn¢ & Administration
Donations Made
Support Costs
84J79
2J13
19,677
2,050
lJ86
84a79
2J13
19.677
2,050
lJ86
72,112
2,463
20,382
2.600
1.320
Total
109.805
109,805
98,877
NET tNCOME/IEXPENDITURE)
1742)
(74ZI
1.040
RECONCILIATION OF FUNDS
Total funds brought fonvard
101,850
1,1)09
102.859
101,819
TOTAL FUNDS CARRTED FORWARD
101,108
I,IK19
102,117
102,859
The not¢5 fonn part of th¢s¢ financial ststejnents
Pag¢ 4

Calthness Agrlcultsral Society (Registered number: SC299076)
Balanee Sheet
31 October 2025
2025
TotAI
funds
2024
TgtAI
funds
Unres¢rlcted
fund
Restrlcted
funds
P4otes
FtXED ASSETS
Tangtble assets
12,011
12.011
14,382
CURRENT A&SETS
Stocks
Debiors
Cash at bank and in hand
10
1.878
4.863
88,787
I￿78
4.863
89,796
2.096
4.941
84,592
12
95,528
1,009
96J37
91,629
CREDITORS
AmouDts falling due within on¢ ycur
13
16.431)
(6,431)
13.1521
NET CURRENT ASSETS
89.097
1,1)09
90,1116
88.477
TOTAL ASSETS LESS CURRENT
LIABILITIES
101,108
1,009
102.117
102.859
NET ASSETS
101.108
1.009
102.117
102,859
FUNDS
14
Un￿StrIctcd funds..
General fund
R¢$lricted funds..
John Allgus Fund
101,108
101,850
1,1109
1,009
TOTAL FUNDS
102,117
102,859
The charitable ¢ompany is ¢ntiiled to ¢xempiion from audii under Se¢lion 477 of the Companies Act 2CKJ6 for th¢ year
eAded 31 October 2025.
Th¢ members have not required the company to obtain an audit of its financial stslements for the year ended
31 October 2025 in accordance with Section 476 of the Companies Act 2006.
The t￿￿te¢S acknowledge their respoosibilities for
(a)
¢nsuring thai the chariiable company keeps ¥¢¢ounting r¢¢ords that comply with 386 and 387 of thc
Compatti¢s Aei 2006 and
preparing financial statements which give a true and fair view of the srate of affairs of thc chkritable company as
at the end of ¢ach flnancial year and of its surplus or deficit for cach financial year in a¢cordance wsth the
requirements of Sections 394 and 395 and which othenvise comply with th¢ r¢quirements of the Cornpani¢s Act
2006 relaling to finan¢iJl 5tst¢m¢nts. so far #s applicable io the charitsblc company.
(b)
Th¢ Dotts forni part of these fiDanci31 statemcllts
Page 5
continued...

C*ithness A¥ricultsral Society (Registered number: SC2991176)
Balan¢e Sheet- con￿￿￿ed
31 October 2025
These fina￿la1 statements have been prepared in accordance with thc provisio￿ applicable to charitable con]pauie5
subject lo the srnall c(Trrnpanies regime.
The fiTWitial sttiements were approved by the Board of Tr￿str¢s and authori6¢d for issu¢
Q4....e.a :..aLth.... and were signed on its belH]f by..
on
A W Finlayson. TTUS
Th¢ note5 forn] part of these flnancial 5tstcnMts
Page 6

C4ithness Agricultural Soeiery
Notes to the Statemellts
for the Year E]Eded 31 October 2025
ACCOUNTtNG POLICIES
BASIS OF PREPARING THE FINAI¥CIAL STATEMEP(rs
The financial ststements of the charitsbl¢ company. which is a public benefit entity under FRS 102, have been
prepar¢d in accordance with the Chariti&s SORP {FRS 102) 'Accounting and R¢porting by Charities.. Siatcment
of Recomrnended Practice applicable to ¢hariti¢s prcparing their accounts in accordance with the Financial
Reportirlg Standard appli¢abl¢ in the UK and Republic of Ireland {FRS 102} (effective l January 2019),,
Finan¢ial R¢porting Standard 102 The Financial Reporting Standard applicable in th¢ UK and Rcpublic of
Ireland, and the Companics Act 2006. Tb¢ fJnan¢ial statements have been prep￿ed under the historical cost
tonvcniion.
INCOME
All income is recognised in the Statement of Financial Activiiies once the charity has en(itlement to the fijnds. it
is probable that the En¢om¢ will be received and the amount can be tTttsured reliably.
EXPENDITURE
Liabiliti¢s arc rccognised as cxpendiwre as som as ihere 1$ a legal or ¢on$tructive obligation ¢ommitting th¢
charity to that expenditure. Lt is prO￿b[C that a iransfer of cconomic bcnefits ￿111 bc Tcquircd in scttlcmcnt and
the amount of thc obligation cjn b¢ mcasured reliably. Expendiwre is accounied for on an accfuals basis and has
becD classified und¢r headings that aggregate all cost related to the category. Where cosis cannot be directly
attributed to particular h¢adings they h4v¢ allO￿ted ￿ activitiw on a basis ¢otLSi$t¢nt with the us¢ of
resourccs.
TANGIBLE FIXED ASSETS
Depreciation LS pfovlded at the followin8 aonual rat¢5 in ord¢r to write off each asset over its estimated useful
life.
Plartt and ma¢hinery
IO% S￿ight line
STOCKS
Stocks are valued at the lower of cost and net Tealisable value. after making due 4llowan¢e for obsolete and slow
movin8 iiems.
TAXATION
Tt¥¢ ¢harity is ¢x¢mpt from ¢OTporation lax on its charitsbl¢ a¢tlYLti￿.
FUND ACCOUNTTNG
Unrestricted ￿ndS Can be used in accordance with the charitable objectives at th¢ diswetitsn of the tnjstees.
Resthcred funds can only be used for particular resiricted purposes within the objects of the eharity. Restrict10115
isc whcn spwifi¢d by th¢ donor or whcn funds ar¢ rdi5cd for particular restricted purposes.
Furthcr ￿Planation of thc natu￿ and PUTP05¢ of fithd is included tn the notes to the f￿ancIal statements.
Pag¢ 7
eontinu¢d...

Cgithness Agricultural Society
Note$ to the F]n3nelal StatemeDts- cfjntinued
for the Year Ended 31 October 2025
DONATIONS AND LEGACIES
2025
21J24
Sponsorship & DonatioA8
16,178
17.647
OTHER TRADING AcrtvrriES
2Q25
2024
Oth¢r Income
62
299
INCOME FROM CHAIUTABLE A￿1VITIEs
SHOW DAY INCOME
Unrestrieted
Funds
R¢$tylc￿d
FWMIS
2025
TotAI
2024
Total
Gate Takings
Show Bar Takings
Trade Sthnd&' & Catering Pitchc5
39.453
23.175
39,453
23,175
38.431
18.227
12.716
3.734
12,716
3,734
9,034
3,358
586
3.380
524
700
Eniry Fees
Flow¢r Show lin Don8tiot)s 2025)
Buffei Dance Ticket Sales
3.035
675
560
3.035
675
560
Catalogu¢ Advertisin8 Income
Industrial Collrxtion lin Donations
2025)
Dog Show
Miscellaneous incomc
741
334
596
418
418
83,765
83,765
75,911
CHARITABLE ACTIVITIES cO￿s
Dlre¢t
Costs
Support
C05t5
TotAIs
Show Day
Presentation Evening
ma￿agem¢llt & Administration
Donations Made
Support Cosls
84J79
2J13
19,077
2,050
84,379
2.313
19,677
2,0511
1.386
lJ86
10&419
lJ86
109,805
Page 8
¢ontinucd...

Calthne5s Agricultural Soclety
Notes to the Fln4nclal Statements- eontlDued
for the Year Ended 31 October 2025
CHARrrABLE ACTIVITIES COSTS- ¢DntSnued
SHUW DAY EXPkNDI'fuRE
Unrestrictcd
Fullds
Restricied
Funds
2025
Total
2024
Toral
Priz¢ Money
Judges & Otyicials ExF¢nses
Marquees
PA Sy8trm
Field & Ga￿ Expens¢s
Show Day Adv¢rtisin8
Cleaning
Li¢¢n¢es
Show Day Security
Fir51 Aid
Miscellan¢ou5 Exp¢nses
Catalogue Printin& ¢
Show Danc¢
Show Bar CosLq
Main ￿n8 & Other Athctions
Bad Debts (earlicr y¢ars' show5)
5.669
5.084
17.647
2.317
11.996
840
675
592
1.645
5.669
5.084
17,647
2.317
11,996
5,897
4.941
17,408
2.373
9,613
2,346
685
10
1,500
1.000
1219
3.982
3,516
11,472
5.950
200
675
S92
1,645
i.Doo
2,924
6.493
4,308
14.364
8.825
2,924
6,493
4.308
14.634
8.825
84.379
84.379
72.112
MANAGEMENT &
ADMINISTRATION
Unresrricted
Funds
Resirictrd
Funds
2025
TotAI
2024
Total
Insurances
P05tagc. Stationery & Tclcphone
Trade & A￿llIa(10n fees
Bank Charg¢51Strip¢ Charges
Storage of Equipment
Computer Software
Website & Hosting
Swrctarl5 Fees
Dcpreciation
Room Hire
Offlce Equipm¢nt
2.402
470
94
1.196
2.000
2.440
202
8.OtK)
2,371
294
174
2.402
470
94
1,196
2,0011
2,440
202
8,000
2J71
1,675
490
91
348
800
2,080
202
11.000
3,198
485
174
19.677
19.677
20,382
SecretsrJ15 fees paid during the year ended 31 Octs)ber 2024 include the sum of £3,51)O rel&ting to the previous
yearfs show.
Page 9
continued...

Caithne95 Agn¢￿tt￿TAl Soclety
Notes to the Flllallelal Statemellts- ¢ontlttued
for the Year Ended 31 October 2025
NET INCOMEI(EXPENDITURE)
Nct incOm&(￿pendIlUre) is ststed after chargingl(crediting).'
2025
2024
DeprcciatioD- owned &55ets
2J71
3.198
TRUSTEES. REMUNERATION AND BENEFrrs
There were no In￿te¢s, remuneration or other benefits for the year ¢nded 31 O¢tob¢T 2025 nor for the year ended
31 October 2024.
TRUSTEES. EXPENSES
Thcrc were no tn￿le¢s, expenses paid for the y¢ar ¢nded 31 CktoEKr 2025 nor for the year ended
31 October 2024.
STAFF COSTS
There were no staff ¢osts its¢urred in th¢ year ended 31 Oclober 2025 nor for the year end¢d 31 O¢tob¢r 2024.
TANGIBLE FIXED ASSETS
PIAnt ¥Jnd
m4chlnf ry
COST
At l November 2024 and 31 Oclob¢r 2025
66,822
DEPRECIATION
At l Nov¢mber 2024
Cbar¥e for year
52,4411
2J71
At 31 October 2025
54,811
NET BOOK VALUE
Ai 31 Octob¢r 2025
12,011
At 31 Octob¢r 2024
14,382
10. STOCKS
2025
2024
Stock5
1078
2,096
Page 10
¢ontinu¢d...

Calthness Agrlcultural So¢lety
Notes ¢0 the Flnanelal Statemenls- Continued
fot the Year Ended 3] October 2025
DEBTORS: AMOUNTS FALLING DUE IVITHTN ONE YEAR
2f12S
21b24
Trade debtor5
Prepayments and accrned income
4,155
708
4,541
400
4,863
4,941
12.
CASH AT BANK AND IN HAND
21125
Total
funds
2024
Total
funds
General
fund
Jobn Angus
Fund
Cash in hat
Current Account
PayPal Account
Stripe Aceowlt
72
88.515
200
72
89.524
200
72
84.261
200
59
Total
88.787
89.796
84,592
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Other creditors
6.431
3,152
14.
MOVEMENT IN FUNDS
Net
movement
In fuDdi
At
1.11.24
A¢
31.10.25
Unre5trlcted funds
General fi￿d
lo1￿3
1742)
101.108
Restrlcted fuDds
John Angus Fund
1,009
1.009
TOTAL FUNDS
102,859
(742)
102.117
Nel movement in fimds. included in th¢ abov¢ ar¢ &$ follows..
Inefrmlng
resources
Resources
expended
Movement
In fllnds
Unrestrl£ted funds
G¢n¢ral filljd
109.063
1109,805)
(742)
TOTAL FUNDS
109,063
(109005)
(742)
Pag¢ll
ontinued...

CaIthne￿ Agrlcultur•l Soclety
Notes to the Finan¢tsl Stat¢meots- ¢ontlnued
for the Yt#r Ended 31 October 2025
14.
MOVEMENT IN FUNDS- eontlnued
Comparatives for movemtnt in lunds
Plet
movement
ID fund$
At
1.11.23
At
31.10.24
Unrestrlcted fund8
Gen¢ral fund
100.76S
1,085
101,850
Re$¢rlcled funds
John Angus Fund
1.054
145)
1.009
TOT AL FUNDS
101,819
1,040
102,859
Comparative nei movemenl in fvnds, included in th¢ abJv¢ ￿ a5 follows..
Incomlng
re$our¢¢s
Resourees
expended
Move)nent
In funds
Unrestrlcttd funds
General fimd
99,917
(98,832)
1.085
Re$irl¢ted fvnd$
John Angus Fund
1451
14S1
TOTAL FUNDS
99.917
(98.8771
1.040
15.
RELATED PARTY DISCLOSURES
Th¢re were no relaied party transactions for the year eThJed 31 0¢￿be1 2025.
Page 12

Calthness Agriculiural Society
Det4iled St•tement of Fin&nei81 ActiiTrlie5
for the YeAr Ended 31 Oetober 21b25
2025
21124
INCOME AND ENDOWMENTS
Donatlons and leg*eles
Sponsorship & Donations
16,178
17.647
Other tradlng actlvltle5
Other IrLCOEne
62
299
ChArltable 8Ctlvitles
Show Day Income
M¢mbers' Subscriptio￿%
Pre5cntation Evenin8
83,765
7.017
2,041
75.911
4.995
1,065
92.823
81,971
Total In¢omlnE re8ourees
1119,063
99,917
EXPENDITURE
Charltable acdvltles
Show Day Exp¢nditt2r¢
Managemen( & Administration
Donation5 Mad¢
Bad debts
84,379
21.91XI
2.050
71,912
22.845
2,600
200
108.419
97,557
Support costs
Governin¢¢ costs
Ind¢p¢nd¢nt Exarninerfs Ftts
lJ86
1,320
Total re50w¢¢$ expcnded
109,805
98,877
Net (expendlture)Iln¢ome
(742)
1,040
This page do&$ not lomi part of the 51atutory financia] s(atenKn
Page 13