jamesmilne CHARTERED ACCOUNTANTS Turriff Dlstrict Agricultural Association Scottish Charity Number SC014068 Registgred Company Number SC252089 Rgport and Flnanclal Statements for the year ended 31$t October 2025
Turriff Dlstrlct Agricultural Association Report of the Trustees for the year ended 31st O¢tober 2025 The trustees, who are also directors for the purposes of the Companies Act 2006, submit their annual report and financia1 statements for the year ended 31st October 2025. The tru51ees have adopted the provisions of Accounting and Reporting by Charities., Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 {effeclive 1 st January 20151. Objectives and actlvltles The Association's objectives are lo.. Promote the breeding and management of livestock, Including callle, sheep, poultry, and horses. Encourage the improvement and production of farm crops. Support skills and efficiency in home baking, preserves, crafts, arts, and floral arrangement. Promote horticulture and innovation in agricultural machinery and implements. Engage youth and the wider community in agricultural and rural activities. Raise awareness of sustainable farming and land-use practices. Support other agricultural activities that further the Association's charitable purpose. Foster collaboration between local food and drink producers, agricultural enterprises, and the wider community lo strengthen rural economies. The Association's principal activity is the annual Turriff Show, held on the Sunday and Monday before the first Tuesday in August. The Show features.. Livestock competitions for horses, ponies, goats, callle, sheep, and poultry. Industrial, craft and horticu51ure competitions, including bakery. pServes, crafts, wine. honey, flower arranging and, children and youth sections. Marquee and exhibition areas covering food & drink. shopping, arts & Grafts, education, and forestry. Trade stands showcasing all aspects of agriculture, from arable farming lo machlnery. Annual crop competition to encourage best practice in crop production. Community engagement promoting youth participation. sustainable farming, and support for local producers. Marketing and social media are supported by a partnership with Jane Craigie Marketing. Achlevements and performance The Turriff Show is Scotland's largest 0-daY agricultural show, allracting up to 20,000 visrtors and had a total of 6,404 entries across all competitions. 2025 marked the 161st year of the Show. The Show has recewed the Northern Lights Award for tourism and the Farmers Guardian Show Business Award. Flnanclal revlow The results for the year under review, contained within pages 910 11 of this report, should be read in conjunction with the notes lo the finan¢ial statements on page5 12 to 16. The operating profit of the show was £21,813 12024 £107.876}. Other income of the Association grossed £8.59612024 - £6,903). The administration costs of the Association including provisions. amounted lo £66,188 12024 - £57,534), which includes donations of £1,97712024 - £1,677), show-field expenses of £16,67412024 - £11,817), computer expenses of £12.887 12024 £10,626) and providing depreciation of £11,954 12024 £12,375) on the Association's fixed assets. culminating in a deficit for the year of £35,77912024 - surplus of £57,244). On the back of the deficit for the year, the net assets of the Association were £692,552 12024 £728,331). As the figures herewith show, the Association continues to be in a healthy stale.
Turriff Dlstrict Agrlcultural Assoclation Report of the Trustees for the year ended 31st Octobgr 2025 Plans for the Future Planning for the 2026 Turriff Show is well underway. Key developments include the introduction of a modern showing platform, designed to SIaMIlne opeotions. reduce administrative burden, and improve efficiencies for competitors and organisers. The Asso¢iation will ¢ontinue lo explore opportunities to enhance the visitor experience, support sustainable farming practices, encourage youth participation, and strengthen links with loca5 food and drink producers. structure, governance and manag¢ment Governlng document Turriff District Agricultural Association is a charitable company limited by guarantee, incorporated on 14th July 2003. It is governed by ils Memorandum and Articles of Association, which sel out the Association's charitable objectives and powers. Recruitment and appolntment of commlttee rnombers The management committee comprises one hundred and twenty members, including a President, Senior Vice President, Junior Vice President. Show Co-ordinator, and general committee members. The President serves for one year. succeeded by the Senior Vice President, followed by the Junior Vice President A new Junior Vice President is proposed and seconded by the Commlttee al the Annual General Meeting IAGMI General commltlee members serve a Ihree-year term and may be re-elected after a one-year break. New members are elected by proposal and seconding al the AGM. Management CommSttee Indu¢tlon and tralnlng Committee members are experienced in the practical operations of the Association. They participate in training, conferences and events covering stewardin9, contingency planning, health and safety. and marketing and evaluation. Organlsatlonal structure Following the adoption of the updated Constitution at the 2026 AGM, the role of Show Secretary has been replaced by a Show Co-ordinator. The day-to-day adminislralion and financial management of the Association is now carried out by an Administration Team. led by the Show Cowordinator, all actlng under the direction and authority of the Committee of Management. During the annual Show, a Show Foreman is appointed to manage operational aclivilies, supported by the Administration Team and additional temporary staff. lo ensure the smooth running of all events and competitions. R9sorves 11 is important to have sizeable funds in reserve lo safeguard the Association's finances should the annual Show be forced to cancel. As at 31 $1 October 2025, tol81 funds were £692,552. of which £452,304 were tangible fixed assets and inveslmenls, leaving £240,248 of free reserves.
Turriff District Agricultural Association Report of the Trustees for the year ended 31st October 2025 Rlsk managoment The Association is required to obtain a Public Entertainment Licence from Aberdeenshire Council lo hold the Turriff Show. The licence is granted on a three-ye8r basis, wlth an event management plan submitted for approval on an annual basis. As part of the licencing process, the Association maintains comprehensive health and safely policies, detsiled risk assessments, appropriate public liability insurance, a sile layout plan, and a programme of events. The Association also engages an external health and safety consultant lo support Compliance with regulatory requirements and the effective management of event-relaled risks. All exhibitors, entertainment providers and trade sland holders are required lo submit risk assessments in advance of the event. Aberdeenshire Council coordinates with Building Control, Environmental Health, and the emergency services lo ensure that all relevant risks are Identified and appropriately mitigated prior to granting the licen¢e. In addition, the organisers engage with Police Scotland ahead of the event to confirm operational and safety requirements. The financial performance of the Show is subject lo external risk factors, most notsbly adverse weather Conditions and the potential for reslriclions on livestock movements arising from animal disease outbreaks Ilor example, foot and mouth disease), either of which could impact attendance and trading aclNIty.
Turriff District Agrlcultural Association Report of the Trustees for the year onded 31st October 2025 Company Informatlon Scottish Charity Number Registered Company Numbor SC014068 SC252689 Hon. Presldents: l. Anderson, L. Duguid, P. Gaul, C. Gill, A. Gray, J. Ledingham Isnrl, P. McKilligin, H Paterson, W. Sharp, W. Simpson, E. Stephen, W. Stephen, R. Dalgarno Dlrectorsrrrustee$: K. Gray D. Allan G. Greig J. Le¢Jingham J. Gray A. Ferguson D. Mackie R. Sharp (Resigned 131121241 (Resigned 281081251 (Appointed 22101126) (Appointed 041021261 Solicitors: Stewart & Watson Solicitors and Estate Agents 59 High Street Turriff AB53 4EL Audltors: James Milne Chartered Accounlanls 5 Bon Accord Square Aberdeen AB116XZ Bankers: Virgin Money Roy81 Bank of Scotland Reglstered offlce: The Haughs Queens Road Turriff Aberdeenshl AB53 4EF
Turriff District Agri¢ultural Association Report of the Trustees for the year ended 31st October 2025 Trustees re$ponslbllltSes In relation to thg financlal statements The trustees are responsible for preparing a Iruslees, annual report and flnancial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Iruslees lo prepare financial statements for each year whlch glve a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing the financial slatemenls, the Iruslees are required to.. select suitable accounting policies and then apply them consislenlly; observe the methods and principles in the applicable Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the fi'nancial statements., prepare the financial slalemenls on the going concern basis unless it is inappropriate lo presume that the charity will continue in business, The trustees are responsible for keeping proper accounting records that di$close with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and laklng reasonable steps for the prevention and detection of fraud and other iriegularities. In so far as the Iruslees are aw8re'. there is no relevant audit information of which the charity's auditors are unaware., and the Iruslees have taken all steps that they ought lo have taken to make themselves aware of any relevant audit Information and to establish that the auditors are aware of that information. Thls report has been prepared in accordance with the spe¢lal provisions of Part 15 of the Companies Act 2006 relating lo small companies. Approved by order of the board of Trustees on and signed on 11$ behalf by.. John Ledingham President
Independent Auditors, Report to the members of Turrlff District Agricultural Assoclation Opinion We have audited the financial statements of Turriff District Agricultural Association Ilhe charitsble company) for the year ended 31st October 2025 which comprise the statement of financial activities lincorporaling the income and expenditure accounll, balance sheet, slalement of cash flows and notes to the fi'nancial slatemenls, including a summary of significant accounting policies. The financial reporb'ng framework that has been applied in their preparation is applieable law and United Kingdom Accounting Standards, including FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Klngdom Generally Accepted Accounting Praclicel. In our opinion, the financial slatemenls.. give a true and fair view of the stale of the charitable company's affairs as al 31st October 2025 and of its incoming resources and applic81ion of resources. includlng ils income and expenditure, for the year then ended., have been property prepared in accordance with United Kingdom Generally A¢¢epled Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment {Scollandl Act 2005 and regulation 8 of the Charities Acwunls Iscollandl Regulations 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities underthose standards are further described In the Auditorfs responsibilities for the audit of the financial slalemenls section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence that we have obtained is sufficient and appropriate lo provide basis for our opinion. Concluslons relatlng to golng concem In auditing the financial statements, we have concluded that the Iruslees, (who are also the directors of the company for company law purpo$esl use of the going concern basis of accounting in the preparation of the financial slalements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo continue as a going concern for a period of al least twelve months from when the financial statements are authori5ed for issue. Our responsibilities and the responsibilities of the Iiustees with respect lo going concern are described in the relevant sections of this report. other Information The other information comprises the information included in the annual report, other than the fi'nancial statements and our auditorfs report Ihereon. The Iruslees are responsible for the other information contained within the annual report. Our opinion on the linan¢ial slalemenls does not cover the other information and, except lo the exlenl OtheIse explicitly slated in our report, we do not express any form of assurance conclusion Ihereon.
Independent Audltors, Report to the members of Turriff Dlstrict Agricultural Assoclation (contd) other Informatlon lcontlnuedl Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial stalemenls, or our knowledge obtained in the audit or otherwise appears lo be materialSy misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to 8 material misstatement in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there is a materi81 misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlon on other matteTS pre8Grlbed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given in the directors, report, prepared for the purposes ol company law, and included within the Iru51ees' annual report, for the financial year for which the financial statements are prepared is consislenl with the financial statements., and the directors, report, included within the trustees, annual report, has been prepared in accordance with applicable legal requirements. Mattgrs on whlch we are requlred to report by exceptlon In light of the knowledge and understanding of the charitable company and ils environment obtained in the course of the audit, we have not identified material misstatements in the directors, report. included within in the trustees, annual report. We have nothing to report in respect of the following mallers where the Companies Act 2006, the Charities and Trustee Investment (Scollandl Act 2005 and the Charities Accounts (Scollandl Regulations 2006 requires us to report lo you if, in our opinion- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not enlilled lo prepare the financial slalemenls in accordance with the small companies regime and lake advantage of the small companies, exemption in preparing the directors. report, included within the trustees, annual report. and from the requirement lo prepare a strategic report. Responsibilities of trustees As explained more fully in the slalemenl of Iruslees responsibilities sel out on page S, the Iruslees (who are also the directors of the charitable company ft)r the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial slalements, the trustees are responsible for assessing the charitable company's abillty lo continue as a going concern, disclosing. as applicable, mallers related to going concern and using the going concern basis of accounting unless the Iruslees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but lo do so. Audltor's responsibilities for the audlt of the flnancial statements We have been appointed as auditor under section 4411 Ilcl of the Charities and Trustee Investment {Scollandl Act 2005 and under the Companies Act 2006 and report in accordance with the Acts.
Independent Auditors, Report to the members of Turrlff District Agricultural Association {contd) Audltor's responslbllltles for the audlt of the financial statements Icontinu8d} Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslatemenl, whether due to fraud or error. and to issue an auditor's report that in¢ludes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accord8n¢e with ISAS IUKI will always delecl a material misslalemenl when it exists. Misslalemenls can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to Influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of rson-compliance with laws and regulations. We design prOdureS in line with our responsibilities, outlined above, lo delect material misslalements in respe¢l of irregularities, including fraud. The exlenl lo which our ProdureS are capable of delecling irregularities, including fraud is detailed below.. We obtained an understanding of the legal and regulatory frameworks that are applicable lo the Charity and determined that the most significant are those that relate to the reporting framework (Charities and Trustees Investment IS¢ollandl Act 2005 and regu181ion 8 of the Charities A¢counls (Scollandl Legislations 2006). We assessed the susceptibility of the Charity's financial statements lo material misstatement. including how fraud might occur by dls¢ussing this with management and understanding where they considered susceplibilily to fraud. We performed audit procedures lo address the fraud risk. These procedures including testing manual journals, reviewing books of prime entry and were designed lo provide reasonable assurance that the financial statements were free from fraud or error. Based on this understanding we designed our audit procedures to identify noncompliance with such laws and regulations. Our prwedures involved reading minutes lo identify any noncompliance with laws and regulation5, enquiries of those charged with governance, and reviewing books of prime entry as outlined above. A further descriptlon of our responsibilities Ss available on the Financial Report Council's website al hllp'.Ilwww.frc.org.uklOur-WorklAudiUAudil-and-assurancelStandards-and-guid8ncelStandards-and-guidance- for-auditorslAudilors-responsibilities-for-audil-Descriplion-of-auditors-responsilbilities-for-audil.aspx. This description forms part of our audit's report. Use of our report This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and lo the charitable company's trustees, as a body, in accordance with section 4411llcl of the Charities and Trustee Investment (Scollandl Act 2005 and regulation 10 of the Charities Accounts (Scollandl Regulations 2006. Our audit work has been undertaken so that we might stale lo the charitable company's members those matters we are required to slate to them in an auditors, report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility lo anyone other than the charitable company and the Gharilable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Richard D. Christie CA (Senior Slatulory Auditor) For and on behalf ofJames M¥lne & Co Chartered Accounlanls and Slalulory Auditors 5 Bon Accord Square, Aberdeen AB116XZ 141b lib
Turrlff District Agricultural Association statgment of Flnanclal Activities (Including income and expenditure accounti for the year ended 31st October 2025 Notg 2025 Total Funds 2024 Total Funds Income and endowments from: Charitable activities Inveslfnents 631,545 3,751 693,683 3,419 Total Income 635,296 697,102 Expenditure on.. Charitable activitS 415 671.075 639,858 Total expendlture 671.075 639,858 Net in¢omel{expendituro) {35,779) S7,244 Total funds brought fotward 728,331 671,087 Total funds carrled forward 692,552 728,331 All funds are unreslricled The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure is derived from Continuing activities.
Turriff Dlstrict Agricultural Association Balance Sheèt at 31st October 2025 Note 2025 2024 Fixed assets Tangible assets Investments 451,304 1,000 462,419 1,0(X) 452,304 463.419 Current a$sets Stock Debtors Cash at bank and in hand 10 11 4.649 27.444 260,000 4,626 20,850 271,147 292,093 296,623 Credltors: amount$ falllng due within one year 12 151,845} 131,7111 Net current assets 240.248 264.912 Net assots 692,552 728,331 Funds Share capital Unrestricted funds 13 14 692,552 728,331 692,552 728.331 These financial statements have been prepared in accordance with the provisions applicable lo charitable companies subject to the small companies, regime. These financial statements were approved by the board of directors and aulhorised for issue on and are signed on behalf of the board by.. J ,OLncfy%ry G, J. Dun¢an Gray Senior vi-PresIdent John Ledlngham President Company registration number.. SC252689 10
Turrlff District Agricultural Association Cash Flow Statement for the year gnded 31st October 2025 Note 2025 2024 Cash flows from operatlng activities: Cash generated from operations Interest paid 114,059} 44,425 Net cash provlded by (used Inl operatlng actlvitles 114,059} 44,425 Cash flows from Investlng a¢tlvltle8: Purchase of tangible fed assets Sale of tangible fixed assets Dividends and interest from investments 1839) 17.9201 3.751 3,419 Net cash provlded by (used In} Investlng a¢tfvitles 2.912 14,5011 Chang¢ In Cash and cash equlvalents In the reportlng perlod 111,147) 39.92d Cash and cash equlvalents at the beglnnlng of the rgportlng pgrlod 271,147 231,223 Cash and cash equlvalents at the end of the reportlng pgrlod 260.000 271,147 Notes to th¢ cash flow statement 1. Reconciliation of net incomellexpendilurel to net cash flow from operating activities 2025 2024 Net Incomellexpenditurel for the portIng perlod las per tho statement of financlal actlvltles) Adjustments for: Depreciation charges Interest received Ilncreaselldecrease in stock Ilncreaselldecrease in debtors Increaselldecreasel in creditors 135,7791 57,244 11,954 13,751} 123) 16,594} 20,134 12,375 13,4191 11,182 132,957} Not cash provlded by (used Inl operating activities 114,059) 44,425 11
Turriff District Agrlcultural Association Notes to the Financlal Statements for the yoar gndod 31st Octobpr 2025 1. Accountlng pollcies statutory Infomiatlon Tufriff District Agricultural Association is a charitable company. limited by guarantee, registered in Scotland. The company's registered company number, gIStered charity number and register office address can be found within the trustees, report. Basls of preparlng the flnanclaS statements The financial statements of the charitable company. whlch 1$ a public benefit company under FRS102. have been prepared in accordance with the Charities SORP IFRS1021 'Accounling and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 leffeclive 1st January 20151,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies A¢1 2006. The financial statements have been prepared under the historic cost convention. The charity constitutes a public benefit entity as defined by FRS102. The financial slalemenls are prepared in sterling. which is the functional currency of the entity. Incomlng resources Income is recognised when the charty has enlillement to the funds, any performance conditions attached to the ilemslsl of income have been mel. It is probable that the income will be reived, and the amount Gan be measured reliably. Incoming resourtts from charitable trading activities are included in the financial statements when re¢eThiable. Income from investments is included in the financial slalements when receivable. Rgsour¢es expensed Expenditure on charitable a¢livilies comprises those costs incurred by the Association in the delivery of its activities and are included in the finanaal slalements on an accruals basis. Expenditure on support costs includin9 accountancy fees and costs linked lo the management of the Association are incbuded In the financial statements on an accruals basis. Flxed assets Fixed assets are staled al cost less depreciation on the bases sel out hereunder. Depreciation Depreciation is charged as follows- Heritable property Equipment Fumishings Silver Challenge trophies 40A straight line although no depreciation is provided on land 20010 reducing balan and 3 years straight line 20.10 reducing balance Investments Investments are staled at cost. Taxatlon Turriff District Agricultural Association is a registered charity and therefore exempt from corporation tax. 12
Turrlff Distrl¢t Agrlcultural Assoclation Notes to the Flnanclal Statements for the yoar ended 31st October 2025 1. Accountlng pollcles Icontlnuedl Cash at bank Cash at bank include5 balances within a¢cessible bank acwunts with no malurity date. stock Stock of merchandise is measured at cost. Debtors Debtors are recognised al the Settlement amount due. Prepayments are valued al the amount prepaid. Credltors Creditors are recognised when the charity has a psent obligation resulting from a pasleventthal will probably result in the transfer of funds lo a third paty. and the amount due lo settle the obligab'on can be measured or estimated reliably. Unrestrlctod funds Under the conslilub'on, the management ¢ommitte8 are required to use the funds at their disposal for the furtherance of all facets of agriujllure and horticulture and associated operations in the area immediately around Turriff. Going concern The Trustees are of the opinion that there are sufficient resetves available to continue the activities of the charity over the next 12 months. The Iruslees, therefore, have made an infomed judgement, at the lime of approving the financial statements, that there is reasonable expectslion that the charity has adequate resources to continue for the foreseeable future. As a result. the trustees have continued to adopt the goin9 concern basis of accounting in preparing the financial slalemenl$. 2. Charitable actlvlty income 2025 2024 Show and related in¢ome Sale of merchandise Ground let SIACS subsidies 626,699 450 2,500 1,896 689.090 194 2,500 1,899 631.545 693,683 3. Investment income 2025 2024 Bank Inte$1 Dividends reiVed 3,716 35 3,391 28 3,751 3,419 13
Turriff District Agricultural Association Notes to the Flnanclal Statements for thg year ended 31st Octob?r 2025 4. Re$our¢e$ expended on charitablo a¢tlvltles 2026 2024 Charitable costs Support costs 663,569 7,5C 630,928 8,930 671.075 639,858 S. Net Incomel{expenditurel Net incomellexp8nditurel is slated after charging.. 2025 2024 Charitable acts'vities include.. Depreciation of fixed assets Auditors, remuneration - audit fee Auditors, remuneration - other a¢counlancy services 11,954 5,406 1,500 12,375 7.130 1.800 Trusteè remuneratlon and benefits During the year, Gail Greig received £36,83712024 £32,359) for adminislralive seNices provided to the Association. There were no expenses paid to trustees during the year12024- £Nill. 7. Staff costs 2025 2024 Wages and salarEs Sooial security Costs Other pension costs 92,264 66,819 1,596 1,156 93,860 67.975 The average monlhty number of employees during the year was as follows.. 2025 2024 Administrative assistan There are no employees who received total employment benefits of more than £60,00012024- £60,000) 14
Turrlff District Agrlcultural Association Notes to the Finoneial Statements for the year ended 31st October 2025 8. Tangible fixed assets Sllver Challengè Equipment Furnishing$ trophles Heritablo property Permanent buildings Total C05t At 1st November 2024 806,933 390,965 Additions 839 Disposals 271,582 136.379 839 5,507 2,500 At 31 st October 2025 807,772 390,965 271,582 137,218 5,507 2,500 Depre¢iation At 1st November 2024 344,514 Charge for year 11,954 20,996 150 203,617 6,760 114.394 5,044 5,507 At 31st October 2025 356,468 21,146 210,377 119,438 5,507 Net book value At 31st October 2025 451,304 369.819 61,205 17,780 2,500 At 1 $1 Novembei 2024 462.419 369.969 67,965 21,985 2,500 9. Investments 2025 2024 Unlisted invgStmgTrts Cost at 1st November 2024 1,000 1,000 Cost at 31st October 2025 1,000 1.000 Whereof Investment assets in the UK 1,000 1,000 10. Stock 2025 2024 Stock of merchandise 4.649 4,626 15
Turriff District Agricultural Association Notes to the Financial Statements for the year ¢nded 31st October 2025 11. Debtors 2025 2024 Trade debtors Other debtors 23,889 3,555 18,135 2,715 27,444 20,850 12. Creditors: amounts falling due within one year 2025 2024 Trade creditors Other creditors 41,188 10,657 21,584 10.127 51,845 31,711 13. Sharg capStal The company is limited by guarantee.11 has no share capital. 14. Unre$tri¢t¢d funds 2025 2024 Al 1st November 2024 (Deficitysurplus for year 728,331 135.7791 671,087 57.244 At 31st October 2025 692,552 728.331 15, Rolatgd party transactlons Other than those transactions delalled In note 6, there are no other related paty transactions lo be disclosed in the accounts. 16