REGISTERED CHARITY NUMBER.. SC 015512 OTt of the Trustees and IIAU ited Financial Statements for the Y sr Ended 30th November 2024 Dumlries & rbie A ricultural Soti Farries Kirk & M¢Vean Dumfries Enierprise Park Duillfri¢s DUMFRIESSHIRE DGI 35J
D mfries & Lotktrbi Societ ultural Contents of the FÉninciAI StRtemen¢$ for the Ye&r Ended 30th November 2024 Page Report ofthe Trustees Independent ExAmlrttr's Report Statement of Finillclal A¢¢ivit1¢5 Balanee Sheet Not¢5 to ¢he Financi41 St#tements 6 to 10 Detailed Statement of Financial Activitie5
Du]nfri L kerbie A Itur ort of the Tru5tttS for the Yer End h November 2024 Th¢ trust¢¢5 present their report wilh the financial siatemenis of the ¢harity for the year ¢nded 30th November 2024. The trustees hav¢ adopted the provisions of A¢counting and ReponinB by Chariti¢5.' Statemeni ofRecommended Practice applicable io charities PT¢paring their accounts in a¢¢ordan with the Financial Reporting Stsndard applie4bl¢ in the UK and Republic ollr¢land IFRS 1021 (effective l January 20191. OBJECTIVES AND ACTIVITIES Objettivts The objective5 of the Society ar¢ the advancement of 28ri¢ulture, horticuliure and all rural induslri¢s including the improvement of stock and crops. the promotion of industrial enierpri8e and g¢nerally all ens with which agri¢ulturt and the rural population is ¢onn¢ctcd. ACHIEVEMENT Af4D PERFORMANCE Review ofDevelopmtnt5, ActivitiC5 And Achievemtnts The run up to thc 2024 Show and the majorii}' of Show Day was blessed 1th gre1 w¢ath¢T With only a mid-aftemoon shower putting dampen¢T on thing5. although Guns and R05¢s did thcir very best lo kccp ihe crowd5 ¢nlertained. The planning for th¢ show, as always, starts in the autumn with th the weeks leading up to the show thc ground planning commiitcL, and taking down aft¢Tward5. Their attention io d¢tsil is ¢xccprional. iii¢es tneeting to organi8¢ the variou$ ¢la$ses and judg¢5. Jn £iiid his team put many hvurs into preparing the show field A big thanks io all OUT hHrd•WOTking committe£s and i Iir makiii8 all this happen. Attendance was up on the 2023 Show and ihere was a good tUTnouÉ of caiiie, sheep and horses and a w¢ll-supported Home Industries S¢¢tion. Much ¢Tedit must go to our exhibiiof5 for the show of quality livestock and produre. ¥lle had a great lake-up of Trade %tand 5pJc¢. and ive thiink. our man¥. c¥hibilOTS ',Ind a150 our iit1É n) Sponsors who support us and help us put o who used the field, gnd we musi thank Thc cnd of 2024 also marked Ihe end o lenure a& Seciil£ll-i ul. Ihe %oci¢ly. We must thaiik. or all her hard iyork and ¢omtnitment during her tim¢ in th¢ post. 11. J1..bIllLd lu wclco s our new S¢¢retary louk forward to working with her as she settles irtlo ihe role. I would also likc to thank Vi¢¢ Chairm hard work over the last year. We all look d every other Director and t0mrnile tnemb¢r for theii ornar o a su¢t¢ss how In ugus STRUCIURE, COVERNANCEAND MANAGEMENT Gtsverthing document The charily is controlled by its governing documenL th¢ Constitution and Rule5, and is ¢onsiiwied as on unincorporatcd Scottish Charity. Recruitment and appointment of Dircctor5 The chaTity is govem¢d by a President, 10 Senior Directors, 20 Elected Directors and 20 w.opt¢d Director5 who are responsible for the ov¢rall poliGy and 51Tategic direction of ihe Lharily. The chariiy is organi8ed so Ihut Ili¢ Directur5 meet regularly to manage its affwr& Th¢ PSident is nominated and appoini¢d at ihe AGM for a m&Yimum five years. Senior Directors are notninated and ele£ied at the AGM for a illaximum of hve years. Settlor Dire¢iotS must be nominated from the Elected Direcior$.Elected Directors are nominated ond ¢l¢¢l¢d ai Ihc AGM for 8 m&xiTnbm ot five years. Cwpted directors are ctroptcd annually al the fsrst Directors meetin8 er the AGM. Directors musi be membeTS of the Soci¢ty. REFERENCE AND ADMINISTRATIVE DETAILS Registered Chirlty number SC015512 TrustCC5 Please see page J3 for lull list of trustees. P¢7
Dumfrie Lock rbie A Societ ricultur 51t for the YtAr Ended 30th,NovembÈr 2024 REFERENCE AND ADMINISTRATXVE DETAILS Independent Examiner F8tti¢s Kitk & McV¢an Dwnfrits Enterprise Park Heaihhall Dumfrie$ DUMFRIESSHIRE DGI 3SJ BAnkers Bank of Scotland pl¢ 91 High Street Dumfries Dutnfrie$ & Gajloway DGI 2BN Pag¢ 2
Inde endent EximSner'$ Re or¢ to the Trustees of DuMlrie5 & Lockerbie A Societ I report on th¢ accounts for th¢ year cnded 30th November 2024 set out on pages four lo ten. Rtspettiv¢ responsibilities of trustees •rtd examiner The charity's trusiees ar¢ re5ponsibl¢ for the preparation of the accounts in accordanw with the terms of the Charitie5 and Trnstee Inv¢5trD¢nl {S¢oiland} Act 2005 and the Charities Acwunts (Scotlandl Regulattons 2006 las aTnend¢dl. The charity's trustees ¢onsid¢r that the audjl Tequirement of Regulation IOIIKal to Icl of Ihc Accounts Rcgulations does not apply. It is my T¢sponsibility to examine the accounts as required under Section 44llllc} of the Act and to slate wheih¢r partieular matters have come io my 2tteDtion. Basis of the indtp¢rtd¢nt examiner's report My examination was carried out in accordance wilh Regulation I l of the Charilies A¢¢ounts (Scotlandl Regulations 2tM)6. An cxamination inrlud¢5 a review of the accountin8 TOrdS k¢pl by the chariiy and 2 cornp8ri50n of the accounts presented with those r¢cord5. It also includ& ¢on5ideration of any unusual items OT disclosures in the a¢¢ounts. and seeking cxplanations fToin you as trustccs concerning any such maiters. The procedures ndertak¢ll do not provide all th¢ ¢videnc¢ that would be required in Audit. and con5¢quently I do not express an audit opinioK on the vicw given by the ac¢ounts. llldepelldÈnt ¢J#rniner's 5titement In connection with my examirtatson. no matter has come to my atiention '. which give5 me re8sonable cause to believe thaL in 8ny Mateal Te5PCCt, the requirements to keep accounting TCCOTd5 in accordance with Section 4411 Ila) of the 2005 Act and Regulation 4 of Ihe 2006 Accounts Regul41ions: and to pr¢pare accounts which accord with th¢ CoUntIng rccords and to comply with Re8u121ion 8 of th¢ 2006 Accounts Regulation5 have not m¢t: or 12} to which. in my opinion, attention Should be drawn in ord¢r io enabl¢ A PToper understanding of the aOunt$ to be rea¢hed. 'I'h¢ Institute of Chartered Accountants ofscotland Farries Kirk & Mcvean Dumfri¢s Entwris¢ Park Heaihhall Dumfries DUMFRIESSHIRE DGI 3SJ 20th March 2025 Page 3
Dumlries & Loekerbie A Soeiet tltenbent of Fi]JAntlAI Attiviti for the Year Ended 30th Novem er2 2024 Total funds 2023 Toial funds Urtrestri¢ted funds Re5trict¢d funds Notes INCOME AND ENDOWMENTS FROM Donations and l¢gaci¢s 150.492 150.492 151,509 Investment income Other incoine 29,225 6,202 29.225 6.202 20.136 6,100 Total 185,919 185.919 177.745 EXPENDITURE ON Raising fvnds 186.736 186.736 191,852 NET INCOMEIIEXPENDITUREI 18171 {8l71 {14,107) RECONCILIA TION OF FUNDS Tot fuDd5 brought forward 247.040 2,478 249,518 263,625 TOTAL FUNDS CARRIED FORWARD 246.223 2.478 248,701 249,518 The noies form part of ih¢se financial Statents Pagt 4
m(rie5 & Lockerbie A Societ Balnnce Shett Oth November 2024 2024 Tota] fuftds 2023 Tot fund5 Unr¢striued funds RestTicled funds Note5 FIXED ASSETS Tangible assets 80,953 80.953 82.991 CURRENf ASSETS Dcbiors Inve5trnent5 Cash at bank 8.321 104.399 53.212 8.321 104.399 55.690 6.036 100,374 98.961 2,478 165.932 2.478 168,410 205,371 CREDITORS knounts fHlling due within oney¢ar 1662) {6621 138.8441 NET CVRRENT ASSETS 165,270 2,478 167,748 166.527 TOTAL ASSETS LESS CURRENT LJABILITIES 246,223 2.478 248.701 249.518 NET ASSETS 246.223 2.478 248.701 249.518 FUNDS Unrt51ricted funds Resiricied funds 10 246,223 2.478 247.040 2.478 TOTAL FUNDS 248.701 249,518 The fi d <1Liiliori.qLd lor Is.%UL on 20ih March 2025 Hnd wcr¢ signed on its behalf by.. T])e note5 forni part of ihese finantial ststcment5 Page 5
Dumfrie5 & Lockerbie A Sucie Note5 to he Financial Staiemtnts for tht Yer Ended 30th November 2024 ACCOUNTif4G POLICIES Bx$is of preparing the tIthAn¢ial stRtements The financial slal¢¢nts of the charily, whi¢h is a public benefit entity under FRS 102, have been prepared ID accordance with Iht Chwiti¢s SORP IFRS 1021 'Arcounting and Reporting by Charities.. Statement of Re¢omtnended Practice applicable to charitio preparing their accounts in accordan¢¢ with the Financial RLporting Standard applicable in Ihc UK R¢public of Ireland IFRS 1021 (effective l January 20191,, Finfjncial Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic ol Ireland, and the Charities and Trustee Investtneni (Scotlandl Aci 2005. The financial statements have been pr¢pared under Ihe hts(ori¢a) Cost convention. Income All income is Tecognised in the Statement of Financial Aciiviiies once th¢ chaTity has entiilemeni to th¢ fund4 it 15 probable thai the in¢Otne will be received and the arnount C8n b¢ mwuT¢d reliably. Expenditure Liabilities bre reeogni5ed a5 expenditure as soon as there is a Icgal or construrtivc obligation committing the charity to that exp¢nditure. it is probable thai a transfer of tronomic benefirs will be required in seiiiemeni and Ihc amount of Ib¢ obligation can be Mer¢d reliably. Expenditur¢ 15 accounted lor on tn a¢¢ruals blS and has been classifivd und¢r headings that aggregate all cost TelJted to the i¢gory. Where costs cannoi be directly attributed to particular headings ihey have been allocaied to activities on a basis consistenl with the u8¢ of r¢souTce5. Tingiblt fixed a55ets Depreciaiion is provided at th¢ following annual rates in ord¢r to write off each asset over its r$timat¢d useful lifc. Freehold Property Improvements to property Plan( Machinery & Equiptnent 5ts10 on c05t 50/0 on cosi IOts/o on reducing balan¢e Taxation The chaTity 15 ¢XernPt from tax on ils ¢h8ritable activitses. Fund attountin¥ Unrestricted funds can be used in accordance with lh¢ ¢haritable objectives ar the discr¢lion of th¢ trust¢e& Restricted funds can enly bo u5¢d for particular restricted purposcs within the objects of the charity. Restrictions aris¢ when specified by the donor or wh¢n funds are raised for particular restricicd purp05C5. FurtheT explanation of the n*ure 2nd purpose of each fund is irtclud¢d in th¢ notes lo Ihe financid $iaietnents. Peth$ion costs otber po$t-retirement benefits The charity operates a defin¢d contribution pension scheme. Coniribuiions payable to the charitys pcnsion s¢heTn¢ aTe Gharged io the Ststement of fTnanci81 Activilics in lh¢ period 10 which they Trlat¢. FithAlltiwl instruments Cish ind b9nk Cash and bank compris¢s Cash on hand and funds held on dep05jt. Trade debtor5 Trade debtors are amounts du¢ frorn customers for the provi3i0n of 5eTvices sold in the ordinary Course of operations. Trade debtor5 are recognised initially at the Iransaciion PTlte and represeni the full value of the servsces charged io eustom¢r& including any amounts ¢haTged on foi. Ihird partles. Trade credltors Trade creditors are obligations to pay for goods OT services that hav¢ been Acquired in the ordinary COUTse of busine55 from supplicrs. Accounts payable are classified as ¢urTcnt liabilities if the Company docs noi have an unconditional righL at the end of the reportirtÉ peTiod, to defer seiilement of the cr¢diior for ai least twelve rnonths afi¢r the reporting date. If there is an unronditional right to defet settlemcnt for at least twelve month5 after ihe reporting dale they are presenied as nun current liabilities. Pa8e 6
Dumfries & Lotkerbie A Societ rie Note5 to the FinkntlRI tatetn¢rLt Dti for the Year Ended 30th Yovember 2 24 Ir4vESTMENT INCOM 2024 2023 Ground Renis R1ved D¢p051t Account Intere 25,200 4,025 19,600 536 29,225 20,136 fL41SING FUNDS Raising donations gnd legae1È5 2024 2Q23 Support costs 186.736 191,852 TRUSTEES, REMUNERATION AND BENEFITS Ther¢ were no trustees, remuner&tion or other b¢D¢fiiS foT ¢he yeaT ended 30th November 2024 nor for the year ended 30th November 2023. Tru$ts¢s' txpen5es There were no Irust¢es' expenses paid for thc year ended 30th Novemb¢r 2024 nor for the year ended 30th November 2023. STAFF COSTS The 2v¢rag¢ rnonthly numbcr of employees durin8 Ihe y&v w&$ as f(>llows.' 2024 2023 Administration Staff No cmployees rcccived emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Improvements Plant. Machinery & Equiptn¢nt Freehold Properry propety Totals COST At 1st December 2023 Addiiions 117,096 65,251 25.747 2.721 208,094 2,721 At 30th Novernber 2024 117,096 65,251 18,468 210,815 DEPRECIATION At 1st Dcc¢Tnb¢r 2023 Charge for year 89.893 720 16,643 3,038 18,567 I,ooi 125,103 4,759 At 30th Novembcr 2024 90.613 19,681 19,568 129,862 NET BOOK VALUE At 301h Novemb¢r 2024 26,483 45.570 8.900 80,953 At 30th November 2023 27,203 48,608 7.180 82,991 Page 7
Dum(rit$ & Loek Soeiet leA ej to the Financial Statements- tontinued r Ended 30th liovember 2024 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other Debtors 8,321 6.036 CURRENT ASSET INVESTMINTS 2024 2023 Fixed T¢rrn Dep051t 104.399 100,374 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade Creditor5 662 38.844 io. MOVEMEliT IN FUNDS Net mov¢Tnent in funds At 1.12.23 At 30.11.24 Unrestricted funds General fund Devclopment Fund 116.659 130.381 116.347 129,876 {505} 247.040 {817} 246.223 Restricted funds Spcci21 Donations 2.478 2.478 TOTAL FUNDS 249.518 (8171 248,701 Net movement in funds, included irt the above are as follows.. Incom2ng r¢sour¢es Resourc¢s pended Movemeni in funds Unrts¢ri¢ted funds General fund D¢vclopFnent Fund 185.919 1186,231} 15051 15051 185.919 1186.7361 TOTAL FUNDS 185,919 1186,7361 18171 Page 8
Dumfries & Lotker Sotitt ItA Notes to the Fin8Thci&l statem¢ts- eontinued for the Ye*r Ended thN io. MOVEMENT IN FUNDS- continued CompfLratives rot mtsvem¢n¢ in Net movement in funds TTansfers between funds Ai 1.12.22 Ai 30.11.23 Unrestri¢ted funds General fund Developmeni Fund 91,574 169.573 38,300 138,3001 116,659 130,381 261,147 114.1071 247,040 Restricted fund5 Special Dona¢ions 2.478 2.478 TOTAL FUNDS 263.625 249.518 Comparative mov¢m¢nt in tsnds, in¢luded in the above arc as follows.. Incoming re50urce5 Resources expended Movement in funds UnTe5tricted funds Genera] fund Development Fund 177.745 1190,9601 18921 18921 177.745 1191,8521 114,1071 TOTAL FUNDS 177.745 1191.8521 A current y¢ar 12 months and prior year 12 months combin¢d positien is as follows.. Net movement in funds Transf¢rs b¢twe¢n funds At 1.12.22 At 30.11.24 Unrestricted funds Genrral lund Development Fund 91,574 169,573 {13.5271 11.3971 38,300 {38,3001 116,347 129,876 261,147 114.9241 246.223 Re$trittffll funds Spccial Donation% 2,478 2,478 TOTAL FUNDS 263.625 114,9241 248.701 Page 9
Dumfries & tA*¢kerbie A rieulturAI Note5 to the FinAnti&l Statements- continued for the Year Ended 30tli Trlovember 2024 io. MOVEMENT IN FUNDS- tontinued A current year 12 months 2nd prioryear 12 monihs combined net movemcni in fund& included in the above are as follows.. In¢oming resourc¢s Resources ¢Knded Moverneni in fund5 Unrestricted fund5 General fund D¢v¢lopment Fund 363,664 {377,1911 11.3971 {13.5271 11,3971 363,664 {378,5881 {14.9241 TOTAL FUNDS 363.664 {378,5881 114,9241 RELATED PARTY DISCLOSURLS The were no related party trdnsactions for the year ended 30th November 2024. 12. FUNDS Restritted Fund_ Special DoDatioDs The special donations fund consists of th¢ following'.- Tom EdgRr MemDrial Fud This is for the Tom Edgar Memorial Trophy Ihai is presenied to the Holsteins £350 Williim Hodgt Developmetht Fund This 15 for the William 14odge Memorial Salver which is TQtated between the horses, dairy cattle. beef cattle and Sheep. £1.108 J M R(kme Award This w&% given by Jock Rom¢ in m¢mory of hi5 father for tht J M Rome Trophy and ]Y upkt¢p of it. £300 J Ru$sell Tru$t This was io givc 2 prizes dnnu211y 10 long serving agricultural ernployees ttnd th¢ retTpienls were 10 be decided by th¢ Nithsdale Agri¢ultural Society. Durnfrie5 & Lockerbie Agricultural Society took li over and the Director5 dccided thai an award would be made 10 any a8riculilltral worker who re¢eTves a RHASS long s¢rvi¢e medal and who Tesides and works within th¢ six parish¢s of Mid Nliihsdal¢ i.e DuT15deer, Morton. Clos¢burn, PenponL Tynron or Keir. £720 Page 10
Dumlries & Lockerbie A Detailid Statement of FinAncilll,IctÉvities for the Year Ended 30th Nuvember 1024 2024 2023 INCOME AND ENDOWMENTS Donations and legati¢s Show Gale Income Donations Gran15 Received Subscription$ ExhibiloT5 Rent Catering Rights EniFy Money Car Parks Caiulogue Sal Catalogue Advertising First Aid Sponsorship Sundry Income 57.203 672 52,096 927 5.CK)O 5,464 40,454 12.650 5.641 40,267 13,139 12,676 5.674 894 3.400 183 9.993 750 5.910 2,630 229 13.980 150,492 151,509 Investment Income Ground Rents Rec¢ived Deposit Account Jnlerest 25,200 4.025 19.600 536 29.225 20.136 Other incomt Compens2tion 6,202 &ioo Tot#1 incoming resource5 185,919 177,745 EXPENDITUR Support eosts mRAgeMent 'ages Pensions Insurance Ttlephone Postage Showground Expenses Sundries Prize Money & Judges Exp¢ns¢s Printing, Station¢ry and Advenising Repairs & Rencwals compu Software 20,244 420 3.464 883 2.691 21,372 453 3.277 840 3,236 120.839 938 22,221 10,879 1.655 21.747 13.680 .397 884 1,2J4 180,977 185,289 Depreciation Frtthold Property Improvctn¢nls to property PlanL Machin¢ry & Equipment 720 3.038 1.001 1,260 3.038 .265 4.759 5,563 This page does noi fom) part of the statutory financial *at¢tnents Page 11
Dumfries & Look rbi ocit Detailed StAtement of FirJan¢ial Activities r the YeAr Ended th er 20Z4 2024 2023 Depre¢iitlOD Governsnce costs Accouniartcy I,o(N) 1.000 Total resources ¢xFKnded 186,736 191,852 Net expeThditure Thi5 pag¢ docs not form part of the statutory flnancial siaiem¢nts Page 12
Dumfries & Lockerbie A Societ Re ort of the Trustees For the Year Ended 30, November 2024 Page 13