EAST KILBRIDE OPEN CATTLE SHOW SOCIETY Charity No SCO11845
Financial Statements
For the Year Ended 30[th] September 2024
EAST KILBRIDE OPEN CATTLE SHOW SOCIETY
SHOW ACCOUNTS
For Year Ended 30[th] September 2024
| RECEIPTS | 2024 | 2023 | |||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Calendar & Merchandise Sales | 560 | 0 | |||||
| Sponsors & Donations | 10,980 | 10,703 | |||||
| Gate Money | 33,756 | 23,363 | |||||
| Adverts | 0 | ||||||
| Bar Income | 8,977 | 6,666 | |||||
| Raffle | 1,401 | 2,121 | |||||
| Craft Tent Entries | 1,370 | 1,178 | |||||
| Trade Stands & Entertainment | 3,680 | 2,326 | |||||
| Showjumping,Cattle & Sheepand Clydesdale Entry | 2,935 | 4,584 | |||||
| Equipment Sold | 2,430 | ||||||
| Grants Received | 0 | 4,570 | |||||
| SLC Rent | 0 | 2,276 | |||||
| NurseryRent | 2,300 | 600 | |||||
| Other Income(Amazon & bank interest) | 3 | 15 | |||||
| £68,391 | £ 58,402 | ||||||
| Realised Gains on Investments | 0 | ||||||
| Unrealised Gains on Investments | 11,514 | 3,135 | |||||
| TOTAL INCOME | £79,905 | £61,537 |
EAST KILBRIDE OPEN CATTLE SHOW SOCIETY
SHOW ACCOUNTS
For Year Ended 30[th] September 2024
| EXPENDITURE | 2024 | 2024 | 2023 | 2023 | |||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Event: Calendar Printing | 0 | ||||||
| Prize Money | 2,264 | 1,973 | |||||
| Marquee Hire | 11,158 | 11,139 | |||||
| Printing& Stationary (inc raffleprinting) | 721 | 821 | |||||
| Postage & Adverts & Raffle | 761 | 92 | |||||
| Judges Gifts | 294 | 450 | |||||
| Engraving& Trophies & Rosettes | 1,911 | 2,545 | |||||
| Catering | 2,360 | 1,250 | |||||
| Merchandise cost of sales | 1,067 | ||||||
| Stewarding& carpark(inc Traffic Management) | 3,714 | 4,478 | |||||
| First Aid & Fire and Licences | 1,522 | 1,412 | |||||
| Side Shows and Show Events | 530 | 1,401 | |||||
| Jump /Equipment Hire | 2,703 | 2,952 | |||||
| Gate Hire,Fencing& Groundworks | 6,222 | 4,826 | |||||
| Loudspeaker,Sound & Photographer | 3,612 | 3,444 | |||||
| Bar Expenses | 3,514 | 3,667 | |||||
| Donations(out) | 1,650 | 1,300 | |||||
| MeetingRoom Hire & Zoom | 24 | 62 | |||||
| Website | 266 | 432 | |||||
| Equipment/Signs Purchased | 81 | 711 | |||||
| Ticketingand bank charges | 1,744 | 1,559 | |||||
| Misc. | 280 | 600 | |||||
| £46,398 | £ 45,114 | ||||||
| Other Expenditure | |||||||
| Secretary’s salary | 1,000 | 1,000 | |||||
| Secretary’s expenses | 166 | 114 | |||||
| Treasurer’s salary | 1,250 | 1,200 | |||||
| Event Co-ordinator | 1,500 | 1,500 | |||||
| Accounts Preparation | 81 | 100 | |||||
| Insurance | 955 | 1,001 | |||||
| Social Events | 338 | 205 | |||||
| £5,290 | £ 50,234 | ||||||
| Surplus/ (Deficit)for Year | £28,217 | £11,304 |
BALANCE SHEET As at 30[th] September 2024
| BALANCE SHEET | Comments | ||
|---|---|---|---|
| As at 30/09/2024 | |||
| ASSETS | |||
| Showfield | £ 19,070 | ||
| Bank - Current Account | £ 38,246 | ||
| Cash | £ | ||
| Aegon Investment | £ 115,677 | ||
| £ 172,993 | |||
| Less unpresented chqs:- | £ | ||
| £ | |||
| TOTAL NET ASSETS | £ 172,993 | ||
| CAPITAL | |||
| Capital as at 1/10/23 | £ 144,777 | ||
| Surplus/deficit | £ 28,217 | ||
| CAPITAL AS AT 30/09/24 | £ 172,993 | Roundings |
Approved and Signed on behalf of the Trustees by: ……………………………………………………
Signed …………………………………………………….
Date ………………………………
Independent Examiner’s Report
I report on the accounts of the charity for the year ended 30[th] September 2024
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10 (1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts 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 Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independents examiner’s statement
In the course of my examination, no matter has come to my attention:-
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Name:-
Address:
Signed …… ……..
06/11/2024
Date ……………………………..
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Approved and Signed on behalf of the Trustees
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Date ……………………………..
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EAST KILBRIDE OPEN CATTLE SHOW SOCIETY
SHOW REPORT
For Year Ended 30[th] September 2024
From preparing the financial report I can pleased to announce that a profit of £28,217 was made. There are no matters of concern. I wish to provide the following summary of the year and considerations towards the forth coming financial year.
Overview
A healthy profit was achieved for the second year running. An increase in Gate Money and Bar Income plus additional revenue from Equipment Sales and Nursery Rent contributed to the overall income being £18,368 higher than the previous year. There was an £11,514 gain in the Investment Account. Expenses were comparable to previous years apart from Catering Costs, which were £1,111 more than last year. One off expense included Merchandise Cost and Field Work / Ground Repairs.
A supplementary report has been provided to highlight the Show profitability against the Society income and expense.
Prepayments and Accruals
Prepaid Income: Nursery Rent of £2,000 was received in February for the period April 2024 – March 2025. 6 months of Prepaid Income of £1,000.
Accrued Income: SLC Rent not received before year end. Last year £2,276. Accrued Expenses: Glen Welsh £250, Strathclyde 4x4 £800, and Crexwell Traffic Management, which is being queried. Last year this was £1,350 and expected to be £1,500 for this year. An additional £2,550 of overheads.
With all accruals and prepayments considered the Profit would be £1,274 less.
Considerations Moving Forward
The bank balance as at 30/09/2024 was £38,246. There will be adequate finances to clear the remaining creditors from the 2024 show and the expenses associate to the running of the show that accrued before the show income is generated. Additional revenue streams continue to help the cashflow of the society.