REGISTERED COMPANY NUMBER: SC214525 {Scotlandl REGISTERED CHARITY NUMBER.. SC016869 ort of the Trustees and Consolldat¢ Audltod Flnan¢ial Statements or th• èar gnded hS¢ t&mb¢r 202$ for Border Union A ricultural
Border Unlo A rlcultural Socle Contents of the Consolldated Financlal Ststements for the èar ended 30th Se tember 2025 Page Report of the trustees R*port of tha independont audltors Consolldated statement of financlal activititrs Ch•rfty statement of financial a¢tlvlll•s 10 Consolldated balancè sht 11 Consolidated cash Ilow Statement 12 Notes to the eonsolidated ca$h flow $tatement 13 Notes to th¢ ¢onsolidat•d finan¢i41 $tatemgnt$ 14 to 27
Border Union A ricultural So¢let R Istered number.. 21452S Re rt of the Trustees ear ended 30th Se temb¢r 202 for Ihe The trustees who are also directors of the charitable company for the purposes of the Companies Acl 2006, present their report with the consolidated fin8ncial statements of the charitable company and its subsidiary for the year ended 30th Seplèmber 2025. The ITUStees have adopted the provisions of the Charities and Trustee Investment Iscotlandl A¢1 2005, the Charities Accounts (Scotlandl Regulations 2006 (as amer7dedl and A¢¢ounting and Reporting by Charities.. Ststement ol Recommended Practice applicable to charlties preparing their a¢¢ounts in accordance with the Financial Reporting Stsndard applicable irtr the UK and Republic of Irfrland IFRS 1021 (effective 1 January 20191. Objectives and a¢tivltle$ Oblèetives and aims The objectives ol the charrtable company shall be the promotion and advancement of 89ricullure, the improvement of slock, the enCOurageent of those arts wilh which agriculture ancs industry and the rearing of Iweslock 8re associaled, and the promotion of agri¢ullure, man3Clre and pastoral interest generally. The means to be empltsyed for these ends shall include the organisin9 and promoting of varioijs annual events, in particular the S¢hools Countryside Day. the A9ricullural Show, the Dog Show and the Ram Sale, providing bursaries. financial assi$tan¢e and other payments and thè or9anising of educational events for children. A¢hl•vom¢nt$ and performance During the year lo 30th Seplembei 2025, the trustees were able lo run Ihelr annual events ol the Schools Countryside Day, the A9ri¢ultural Show, the Dog Show and the Ram Sale lo meet the objectives of the charitable Company. The charitable company. through rts legacy fund, provided bufsaries to e¢ve successful applicants with further good applications being considered since the year end. The Gharitable company's wholly owned trading subsidiary, Border Union Limsted. has increased the income of the group by £8,192 in the year ended 30th September 2025 and produced a net loss of £506. Flnanclal revlew Flnanclal position The Charitable group has produce(l a surplus of £12,257 in its unrestricted fund. The Iruslees and management have made great efforts to increase the income generated by its core events and the use ol the hall. They have also closely monitored the charilabk Company's outgoings. Reserve$ poll¢y The trustees aim lo keep the total value of the charitable company's reserves lo fund approximately one half ol one complete year of ¢xpendiiure wilh no external income. With the main fund-r8isin9 event bein9 weather dependent. il is fell that this is a prudent policy. Additionally, the Irustees also wish to have 8 contingency fund of £150.000 to meet unforeseen events that could compromise the implementati¢)n of the ch8ritablè company's objectives. Based on the 30th September 2025 financial slatoments the charitable company would require funds of £588,732. Funds at 30th September 2025 amount lo £558,250 so the charitable company is £30,482 bek>w its targeted fund balance. The trustees have considered the Charitab company's financial position lor a period of 12 months from the date of signing these financial ststemenls and have reasonable expectation that the charitable company has adequate resources (o continue in operational exislence for the foreseeable future. Accordingly, they continue lo adopt the going concem basis in PTeparing these financial sl8lements. 2026 Plan$ Currently il is planned to hold the Championship Dog Show, Schools Countrysid? Day, Agricultural Show and Ram Sales in 2026. Page 1
Border Unlon A rl¢ultural oel Re Ister?d number: SC214525 R• ort of thè Trustèès forthe ear ended 30th Sè ttmber 2025 Future plans The trustees are intent on promoting the profile of the charitable comparsy and ils core events, which in turn will advance the charitable company's objectives. 11 is not anticipated that there will be any changes to the IhrÈÈ core evènts that advance these objectives, although each event is developed independenlly lo promote the charitable company's aclivitses. structure. governance and managemènt Governing document The charitable company was incorporated on 8th January 2001 and is governed by ils Memorandum and Articles of Association. The Articles of Association were updated in May 2016, which was overseen by the charitable COMpanS lawyers. This led to the appoinlmenl of a group of trustees which now comprise the oveTall board of management. The Iruslees work in close cooperalion with Ihg society directors, led by the society chairman, on whose skill and enthusiasm they are largely dependent for the running of the ¢haritable company's aclivilies. Recrultment and appointment of new trustees The trustees are appointed to represenl a cross-seclion of the organisation's interests. There Can be a maximum of len trustees. The trustees are led by a chairman and vice chaiman. Until May 2023 at every Annual General Meèting thrè8 trusl8ès retired by rotation but in May 2023 this was changed to trust68s rots'ring by rotation al every Annual Gen¢ral Meebng. Organisational Structure The charitable company's 8clivilies are managed by an Execullve Dlreclor based In the main office in Springwood Park, which is part of ils own premises. The trustees meet approximately every six weeks and also al the Annual General Meeting. The trustees generally control and supervise the activities of the charitable company and in parbcular monitor the financial position of the charitable Company. The society directors help organise and run the Core events and their ¢onlinued commitment and input is vital lo the ongoing success of the charilablg Company. Various sub-groups also gxist lo manage specffic èlements of the core actiwliès. reviewing slTalegy and any change implementation requireoj. The business of the Annual General Meeting is conducted by a President and not more than fourteen Vi¢o-Presidents, all ol whom stand for re-election al each Annual General Meeting. A full lime remuneraled execul¥ve staff undertakes the strale9yldecisions ol the Board ol Trustees. None of the tTu$lees ¥e¢eive any remuneration. Induction and tfaining of new trustee$ Trustees are expected lo be familiaT with the practical work of the charitabl8 company having attended the annu31 show, ram sale and other society activities. New Irusleès are provided with 8 document oulining the roles and responsibilities of trustees. Rolat partl¢$ The charitable wmpany owns all the sh8r9s in Border Union Limited Irom which il recfjives ari annu81 service chaTge for organising and funning lets of the showground an¢J ils buildings. Risk management The trustees have assessed the major risks lo which the charitable cotnpany is exposed. in particular those related to Ihe operalions and finance of the charitable company and are satisfied that systems are in place to mitigate exposure to the major risks. Procedures are in place to comply with heallh and safely needs of staff, Voluntee and visitors as this is feft to be a significant risk. It is seen as important to separate where possible machinery. animals and peoplg which is the core health and safèty con¢eTn principle of the ¢harilabl$ Gompany. Reference and administratlve dètails Reglstered Company number SC214525 {S¢olandl Page 2
ocle R Ister¢d number: SC2145 ort of the Trustees ear ended 30th Se tember 2025 for the Registered Charity number SC016869 Registered office SpTingwood Park Kelso Roxburghshire T05 8LS Trustees C S McGregor D N G Stephen T G Clark W K Redpath L R I Comins D E Armstrong A S W Armstrong J P L Playfair.Hannay Miss N J Clancy G J Ailchison D J Neill DITeclor Consultant Farmer FBm)&r Director Farmer Directof Farrner Operations manager Farmer Farmer Restgned 13112124 Resigned 12112125 Appointed 13112124 Appointed 12112125 Appointed 12112125 In accordance with the Articles of Association, A S W Armstrong and D E Amistron9 wlll tire al the Annual General Meeting, an¢J being eligible, will stand for r&eleclion. A S W Armstrong did not wish to be re-elected. Audltors Rennie Welch Audit Limited ademy House Shedden Park Road Kelso Roxburghshire TD5 7AL Events Since the end of the year Information relating to events since the end of the year is given in the notes to the financial slatemenls. Statement of tru$tèe$' responsibillties The Iruslees (who are also the directors of Border Uriion Agricultural Society for thè purposes of company lawl 8re ie$ponsible for prepar¢ng the Report of the trustees and the financial slalemenls in accordancè with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial slalements for oach financial year. Under that law, Ihe Iruslees have elected to prepare the financial slalemenls in accordance with United Kingdom Generally Accepted Accounting Practice Iunited Kingdom Accounting Slandards and 8pplicablg lawl. Under company law the Iruslees musl not approve the financial slalements unless they are satisfied Ih8t they give a true and lair view of the stale of affairs of the charilable cornpany and of the incoming resources and application of resources, including the income and expendilLtre, of thè Charitable company for that period. In preparing those financial stalemenls, the trustees are required lo Se¢[ SLJitsble accounting policies and then apply them ¢onsislenlly', observe the w&lhods and principles In the Charities SORP., make judgements and estimates that ar& ieasonable and prudent., prepare the financial ststements on the going concein basi5 unless (( is inappropriate to presume that the charitable company will continue in business. Page 3
Border Un5on A rleultur*l So¢let Re I t d number: SC214525 Re ortoftheT ear ended 30th Se for the tember 2025 Statement ol trustees. re5pDn5ibilitie$ - cOnnued The trustees are responsible for keeping proper accounting Tecords which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them lo ensure that the financi81 statemtsnls compty with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company and hence for taking reasonable steps for th8 prèvention and eteCtIOn of fraud and other irregularities. Statement as to di$¢losure of InformatSon to auditors So far as the Iruslees are aware. there is no relevant infomalion las defined by Section 418 of the Companies Act 20061 of which the chaiilabl8 company's auditors are unaware, and each trustee has taken all ihe steps that Ihey ought lo have taken as a trustee in order to make thern aware of any audit information and lo establish that the charitable company's audiloTS are aware of that infomiatlDn. Auditors The aL¢dilors, Rennie Wtrlch Audit Limited, wsll be proposed for re-appointmenl at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of th& Companies Act 2006 relating lo small companies. Approved by order of the board of trustees on 26th June 2026 and signed on its behalf by.. i}IKIty" C S McGregor- Trustee Page 4
R• ort of the Inde endent Audltors to the Members of order Unlon ral Socle Re Istered number.. C214 Oplnlon We have audited the consolidated financial ststemen15 of Border Union Agricultural Society lthe 'charitable ¢ompany'l for the year ended 30lh September 2025 which comprise the consolidated statement of financi81 aclivits, the consolidated bal8nce sheet, the consolidated cash flow statement and notes lo the consolidated financial slalemeftls, including a summary of SMJnificanl 8ccounling policies. The financ4al reporting framework that has been applied in their preparation is applicablè law 8nd United Kingdom Accounting Stsndards {Uniled Kingdom Generally Accepted Acwunling Praclicel. In our opinlon th& flnan¢ial slalemenls.. give a true and fair view ol the state of the group and parent charitable company's affairs as at 30th Seplembei 2025 and of ils in¢oming resources and application of Tesour¢es, including its income and expendrture, for the year then ended,. have been properly prepared in accordance with United Kingdom Ggngrally Accepted AGcountin9 Pracli¢e', and have been prepare¢J in 8cwrdaD wilh the requiiements of the Companies A¢1 2006. the Charities ané Trustee Investment (Scolandl Act 2005 and regulation 8 of the Charities Accounts IScoll8ndl Regulations 2006. Basis for oplnion We Conducted our audit in accordance with International S18ndards on Audlling IUK) IISAS IUKII and applicable law. Our responsibilities under those standards are further described in (he Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable ¢ompany in a¢¢ordance wilh the ethical requirements that arts relevant lo our audit of the consolidated financial statements in the UK, including the FRC'S Ethical Standard, and we have lulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden¢e we have obtained is sufficient and appropriate lo provide a basis lor our opinitsn. Con¢lusions rolating to golng concern In audiling the ¢onsolidaled financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements 15 appropriate. Based on the work we have performed, we havfr not idontrfied any material uncertainties relIng to events or conditions that, individually or collectively, may cast significanl doubt on the group and parent charitable ¢ornpany's ability lo continue as a going conctsrn for a period of al least twelve months from when the consolidaled finan¢ial ststements are aulhorised for issue. Our responsibilities and the responsibililies of Ihe Iruslees with respect to going concern are described in the Televanl sections of this report. Other infomiation The trustees are responsible for the other intorm81ion. The other information comprises the information induded in the Annual report, other than the consolidated financial statements and OUT Report of the independent auditors thereon. Our opinion on the consolidated financial stslements does not ¢over the other infofmalion and, except to the extent olherwiso explicitly slaleé in our report, we do not express any fomi of assuran¢e ¢oncltJsion thereon. In connection with our audit of e consolidated finanaal statom¢nts. our responsibility is to read the other inftsrmation and, in doing so. consider whether the other infomiation is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit or otherwise appears to be malerially misstated. If we identify such material inconsistencies or apparent material mi5slalements, we are required lo determine whether this gives rise to a material misststemerl in the consolidaled financial statements themselves. If, based on the work we have pertQTrned. we conclude that there is 8 material misstslemenl of this other information, we are required lo report th81 fact. We have nothing to report in this regard. Oplnlons on other mattèrs prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course ol the audil.. the information given in the Fieport of the Iruslees for th8 financial year foT which the consDlid8tgd financial stslements are prepared is con5islènl with the consolidated tinan¢ial statements., and the Report ol the twst&es has been prepared in accordance with applicable legal requiremgnts. Page 5
Re ort of the Inde endènt Audltors to th• M•mbers of Border Unlon A rlcultural Soci Re Ist•rfrd number: SC214525 Matt•rs on which we are requir•d to r9POrt by exception In the light of the knowledge and understanding ol ihe group and parent ¢haritable company and Its environment obtained in the course of the audit, we have not identified material misstalemenls in the Report of the trustees. We have nothing to rèport in respect of the fol¢owing matters where the Companie5 Act 2006, the Charllies Accounts Iscotlandl Regulation 2006 las amended) and Charities and Trustee Investment (Scollandl Act 2005 requifes us Io Teport lo you if, in our opinion.. adequate accouriting record8 havo not been kept or returns adequate for our aLS¢Jit have not been received from branches nol visited by us,. or The Gonsolidate(J financial slalements are not in agreement with the accounting fecord$ and ¥elurns', or certain disclosures of trustees, remuneration specrfied by law are not made., or we have not ceiVed all the information and explanations we require for our audit; or the trustees were not entitled lo take advantage of the small companies exemption from the requirement lo prepare a Strategi¢ report or in preparing the Report of the Irust¢es. Responslbllitios of tN$t¢è$ As explained more fully the Stslement of trustees, responsibilf(ies, the Irustges (who are also the directors of th& ¢harilable company for the purposes of company lawl are responsible for thè praparation of the cons01idated financial statements and for being satisfied that Ihey give a true and falr view. and lor such internal control as the trustee5 determine is necessary to enable the Preparation of consolidated financial statements Ihal 8re free from material misstalemenl, whether due to fraud or error. In preparing the consolidated financial statements, the trustees ere respDnsible for assessing the group's and pareln charitable company's ability to conlinue as a going concern, distlosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the truslees either inlend lo liquidate the charitable company or lo ¢ease operations, or have no realistic alternative bul to do so. Page 6
of C214525 Border Unlon A ricultural Societ Re istered number: Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the corssolidaled financial slalemenls as whole are frèe from malerial misstatement, whether due to fraud or error, and to issue a Report of Ihe independent auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wilh ISAS IUKI will always dele¢l a material misslalemenl when il exists. Misstslements can 8rise from fraud oi elror and are Considered material if, individually or in the aggregate, they couhl reasonably be expected lo influence the economtc decisions of users taken on the basB of these consolidated financial statements. The extent to which our procedures are capable of dete¢tirbg irreoularilies, including fraud is detsiled below. We identify and assess the risks of maleri81 misstatement of the consolidated financial slalements. whether due lo fraud or error, and then design and perform audit procedures resw)nsive lo those llsks, including obtaining audit ¢viden¢e that is suffi¢ienl and appropriale to provide a basis for our opinion. Identlfying and 0s$&$$Sng potontlal rl$k$ r•lated to irregularlties In identifying and 8ssessing rsks of material misslatemenl in respect ol irregulartlies. including fraud and non-compliance with laws and regulations, we considered the followin9'. Audli response to rlsks identifi6d The nature of the industry and sector. control environment and business performance. Any matters we Identifed having obtained and reviewed the cherilable company's documentation of their policies and procedures relating lo.. ldenti.ng, evaluating and complying with laws and regulations and whether they were aware of any instances of nonwcompliance. Delecling and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraLtd. The internal controls established to mitigate risks of fraud or non-compliance with laws and regulations. Th8 matters dis¢uss8d 8mong the audit engagement team regarding how and where Iraud might occur in the consolidated financial slalemenls and any potential indicators of fraud. As a result of these procedures. we consldered the opportunities and incentives that may exist within the organisalion for fraud and have ftol ideniified any signrfi¢anl areas with potential for fraud lo occur. We have reviewed these accounls on the basis that the charitable company is classified under the Companies Acl 2006 as a small charslable company and have considered any reporting anomalies which may have arisen, we conclude there are no noted issues in this respect. Further lo this no non-rouline financial aoUntIng has taken place from which we would expect an increase of fraud or error to occur. In common with all audits under ISA5 IUKI, we are also required lo perfom specific pro¢e(lures to respond to the risk of management override. Wv also obtained an understanding ol the legal and regulatory Irarneworks that the company operates in. focusing on prov5sions of those laws and regulations that had a direct effect on the determination of materiol amounts and disck)surtss in the ¢onsolidaled financial statements. The key laws and regtjlations we considered in this context included the UK Companies Act and local tsx legislation. In addition, we considered provi5ion5 of other laws and regulations that dg not have a direct effect on the consolidaled financtal slaternents but compli8n¢e with which may be fundamental to the charitable company's abilily lo operate or to avoid a material penalty. A further 4Jescriplion of our responsit)lities for the audit of the financial statements is located on the Financial Reporting Coun¢il's website at www.Irc.org.uklauditorsresponsibilities. This descriplion forms part ol our Report of the Independent Auditors. Page 7
Re ort of the Inde endent Audltorn to the Mg Border Unlon A rl¢ultural ie R Istered numb ber$ of C214525 Usè of our report This report is made solely lo Ihe charitable company's members, as a body, in accordance with Chapter 3 of Pgrt 16 of the Companies A¢1 2006, and to the charitable company's trustees, as a b(Ay. in accordance with Regulation 10 of the Chariles Accounts (Scotlandl Regulations 2006. Our audit work has been undertaken so that we might slale lo the charitsble company's members and the liustees those matters we 8re required to statè to them in an auditors. report and for no other purpose. To the fullo$t exlenl pennitted by18w, we do not accept or assume responsibilty to anyone olhOT Ihan the group and parent charitable company and the charitabb comp8ny's rnombers as a body, for our 8udit work, for this report, or for the opinions we have form Gordon Chish for and on beh Academy House Shedden Park Road Kèlso Roxbijrghshire TDS 7AL Im CA (Senior Stalulory Autlilorl of Rennie Welch Audit Limfted 26th June 2026 Page 8
order Union A rScultural So¢let Cons 1Sdated Statement of Financial A¢tlvlties In¢or oratin an Income and Ex enditure Accou for the ear &nd¢d 30th mbor 2025 2025 Total funds 2024 Total funds Unrestri¢tod R¢$trS¢ted fund funds Notès Income and endowments from D(Trnation$ and18gacies 26,382 26.482 34,279 Charltable a¢tlvltl•$ Show Ram sale Dog show School's Day 285,505 165,537 144,126 285,505 185,537 144,126 70,250 294.702 154,096 139.586 10,250 70,250 Olher trading 8Ctivrties Investment income Olher income 29.140 3,917 182,083 29,140 8,817 182,083 4,900 7,920 195,506 Total 836,690 75,250 911.940 836,339 Exp•ndltur& on Raising fund$ Raising donations and legaCS Investment management costs 10 19,514 19,514 1,100 19,514 1.100 20,614 1,084 Charitable actlvltles Show Ram sale Dog show 12 152.466 120.750 104.879 152,466 120,750 104.879 1fj2,491 112,126 111,067 other 426.824 51,930 478,754 420, 105 Total 824 433 53,030 877.463 806.873 Nel gains on investments 9,106 12,321 NET IhlCOME 12,257 31,326 43.583 41,787 Re¢oncillation of funds Total funds brought forward 358,626 156,041 514,667 472,880 Total tunds c4rrled fomard 370,883 558,250 514,667 Contlnuing operations All income and expenditure has arisen from continuing aclivrties. The notes fomi part of these financial statements Pa9e 9
Border Llnlon A rlcuFtural So¢let harlt statement of Financial ACtitIeS oratin an Income and Ex enditure Ac¢ou for the ear tember 2025 In¢oT 2025 Total funds 2024 Total funds Unrastriet•d Restrfcted fund fund$ Notes Income and endowments from Donations and legacies 26,382 100 26,482 34,279 Charllable actlvitles Show Ram 531e Dog show Schools Day 285.505 165,537 144,126 285,505 165.537 144,126 70,250 294,702 154.096 139,586 10,250 70,250 other trading activities Investment income Othpr in¢ome 29.140 3,917 173,891 29,140 8.817 173,891 4,900 7,920 184,685 Total 828.498 75,250 903,748 825,518 Expendliur• on Rpi$ing fund$ RalsSng donations and legacie Investment management costs 10 11 19.514 19,514 1,100 1,100 1,084 19,514 1,100 20,614 1,084 Charitable actlvltlos Show Ram sale Dog show 12 152.466 120,750 104,879 152.466 120,750 104,879 162,491 112,126 111,067 Other 418,126 51,930 470,056 409,667 Total 815,735 53,030 868,765 796.435 Nel gains on investments 9,106 12,321 NET INCOME 12,763 31,326 44,089 41.404 Reconciliation of funds Total fund5 brought foTward 357.797 156,041 513,838 472.434 Total lunds Carrlod forward 370,560 187,367 557.927 513,838 Continuing operatlons All income and expenditure has arisen from conlinulng activities. The notes form part of these financSal statements Page 10
uhural So¢1 Re Isted numbèr- SC214 Consolldated Balan¢t Sheet At 30th Se tember 2025 Group 2025 Group 2024 Charfty 2025 Charity 2024 Notes FIX assots Tangible assets Investments 19 20 153,645 142,178 157.915 146.077 153.198 142.179 157,319 146.078 295.823 303.992 295,377 303,397 Current assets Stocks Debtors Inv&stmenls Cash 81 bank and in h8nd 21 3.496 73.334 7.181 36,027 3,496 206,431 7,161 179.620 23 290.019 253,874 256 253 193.279 366.850 297,063 466.181 380.061 Crodltors Amounts fallin9 due wilhin one year 24 1104,4231 {86,3881 203,6311 {169,620} N•t evrrant ass•ts 210 675 262 550 210.441 Total as$èts Itss current Ilabilltles 558,250 514.667 557.927 513,838 Not a$$ots 558,250 514,667 557.927 513.838 Funds Unrèslricled funds Restricted funds 26 370,883 187.367 358,626 1 $6,041 370,560 187.367 357,797 156.041 Totsl lund$ 558,250 514.667 513.838 The tnjslees have prepared group accounts Sn accordance wllh section 398 of the Companie5 Al 2006 and section 44 of thtr Charities and Trustee Investment Iscottandl Act 2005. These consolidated financt81 statemènts have been prepared in accordancè with the special provisions of Part 15 of the Companies Act 2006 relatin9 to chafilable small companies. The consolidated financial statements were approved by the Board of TrLF51ees and authorised for issue on 26th June 2026 and were signed on Its behalf by.. W K Redpalh . Trustee C S McGregor. Trustee The notes fom part of these ffinancial ststements Page11
Border Unlon A rlcultural So¢lo Consolidat d Cash Flow Stateme for the ear end9d 30th Se tembe 2025 2025 2024 Notes Cash flow5 from oporatlng activitiès Cash generated from oparalions Interest paid 43,428 22) 52,288 Nel cash provided by opèratlng a1VItieS 43,406 51,973 Cash flows Irom Invostlng actlvitlès Purchase of tangible fixed assets Purchase of fixed asset investments Sale of fixed asset investments InleTesl received Dividends re¢8ived 129.0831 128.019} 41,024 3,966 4,851 133,289} 110,000} 5,208 2,516 5.404 Net cash used in Investing activities 30,161) Cash Ilows from flnanclng a¢tivlties Loan repayments in year 38,500) Nel ¢ash provided byllused in) financing activities 38,500} Change cash 8nd cash oquival•nts in the reportlng period Cash and ¢ash equivalents at thg beglnnlng of the reporting porlod 36,145 116,6881 253,874 270,562 Cash and cash equlvatgnts at the end of the reporting period 290.019 253,874 The notes form part of these flnan¢ial statements Page 12
Border Union A rtcultural Socle 14otes to the Consolidated Cash Flow Statement for the ear endeil 30th Se tember 2025 Ron¢[l14t4¢n of n&t In¢om• to net ¢ash flow from operatlng a¢tlvities 2025 2024 Net income for the reporting period {as pgr th8 Statement of flnanclal actlvltlesl Adjustménts for: Depreciation Charges Gain on investments Loss on disposal of fixed assets Interest received Interest paid Dividends received Decrease in stocks Increase Fn debtor5 Incrè8yelldecrease} in crediloTS 43.583 41,787 33,353 19.1061 37,458 112,3211 3.032 {2,5161 315 15,4041 243 15,7901 13.9661 22 14.8511 3,665 37,3111 18,039 Nèt eash provlded by oporatlon$ 43,428 52,288 Analysls of Changes In net funds At 1.10.24 Cash flow At 30.9.25 Net cash Cash at bank and in hand 253,874 36.145 290.019 253,874 290.019 Liquid re¥ources Deposits in¢luded in cash Current asset investments Total 253,875 36.145 290,020 Page 13
lo A rlcultural So¢l•t Note6 to the Consolldated Financial Stste ents for the ear gnded 30th Se ternber Z025 Statutory infomiation Border Union Agricultural Society is a company limited by 9uaranlee and accordingty does not have a share ¢8Pital. The company's registered number and registered office address Can be found in the report of the Iruslees. Evèry member of the company undertakes to contribu1& such amount as may be requiTed not èx¢eeding £1 to the assels of the ¢haritabl8 company in the event of ils being wound up while he or she is 3 member, or within one year after he or she ceases lo be a member. Accounting policio$ Basis of pieparing the ¢on$olldatod financial Statements The financial stalernents of the charitable company, which is a public benefrt entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Ac¢ounling and Reporting by Charities.. Statement of RecommBnd¢d Praclice applicable lo charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191., Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prèpared undèr the historical cost convention. with Ihe exception ol Investments whlch are included al market value, as modified by the revaluation of certain assets. The consolidated financial statements consolidate the su11$ ol the charitable company and its wholly owned subsidiary, 8order Union Limited, on a line by line b8S1S. In¢ome All in¢ome is recognised in the Consolidated Stalement of Financial Activities once the charitable company has entitlement to the funds, il is probable that the incorne will be Tè¢eived and Ihe amount can be measurèd reliably. The following spe¢rfi¢ policies are applied lo particular categories of income.. Voluntary income 1$ re¢8ived by way of donations ané is Includfrd in full in the Consolidated Slal8menl of Financial Activities when receivablo. The policy on all grants Teceivable that they are split belween those for fixed assets and those of general nature. The former are shown as restricted ftjnds, and the latter included in direct charitable income. Income from Investments is included in the year in which it is receivable. Expenditure Liabilities are recognised as expendilufe as soon as the is a legal or conslruclive obligation committing the charitable Gompany to that expenditure, it Is prob8blè that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. E%ndIture is accounted for on an ac¢ruals basis and has been Classified under heading5 that aggregate all cost Telated lo the category. Where costs cannot be dire¢tly attributed to particular headings they havg be¢n allDcated lo acllvlties on 8 basis consistent with the use ol rfjsourGes. Tangible fixed a$s&ts Depreciation is provided al the following annual rates in order to write off each asset over its estimated useful life. Showground and car park Buildings and showfield improvements Plant 8nd machinery Fixtures and fittings Motor vehicles Office equipment not provided 10 /0 on cost and 50/0 on cost 10Q/o on cost IOQ/o on Cost 250/0 on reducing balance 339A on cost Tangible fixed assets are stsled al Gosl less accumulated depreciation and accumulated impaiTment loss¢s. Page 14 continued...
Border Vnlon rl¢uhural S¢cle Notes to the Consolidated Financial Statements - contlnued for nded 30th Se tember 202 A¢countSng poli¢ie$ - continued Stocks Stocks are valued al the lower of cost and nel realisable value, after makin9 due allowance for obsolete and slow moving items. Stock ropresènts bi<enlenary mgrchandise, fiJ81, cleaning MatealS and other items that have not been used by the year end. Cost Includes all direct expenditLtre and appropri81e proportlon of fixed and varlabltr overheads. Net reali5able value is based on estimated sellino prices less further costs expected lo be incurred in bringing the stock to completion. Taxatlon The charitable company is exempl from corporalioTr lax on its char*tsble activities. Fund accountin9 Unrestricted funds can be used in accordance with the charitable obje¢tive8 al the discretion of the trustees. Restricted funds can only be use(1 for partS¢ular reslricled purposes within the objects of tha charitable COrnP8ny. Restrictions aris8 when spgcifigd by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the consolidat8d financi21 statements. Pènslon costs and oth•r post4ètirèm•nt bonèfits The charitable company operates a (Jetined ¢ontribulion pension scheme. Contributions p8yable to the charitable company's pension sch&me are charged lo the St8tement of Financial A¢tivilies in the period to which they relate. Leasing commltments Rentals paid under operating leases are charged lo the consolidated ststemenl of financial activities on a straight line basis over the period of the lease. Investmttnts Listed investments held as fixed assets are revalued al mid.markel value at the balalice sheet dale and the gain or loss taken lo the consolidated ststement of financial aetÈvities. Currenl assel investments are al the lower of cost and net realisable value. Borr¢wlng$ Inleresl-bearing borrowings are subsoquenlly Carried al amort#sed cost, with the difference between the procèeds. nèt of transaction costs, and thè amount due on redemption being fe¢ognised as charg& lo Ihg consolidalecl statement of financial activlts.es over th& p&riod of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and Is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charitable company has an unconditional right lo defer settlement of the liability for at least tyvelve months aftei the reporting date. Financial instrumènts The following assets and liabilities a classified as financial instruments creditors, other credilors, accruals and relatèd party ¢urrent account. If8de debtors. trade Trade debtors, trade creditors. other creditors, accruals and relaled party current accoLJnt ale measured at the undiscounted amount of the cash or other considèratiL)n expected lo b6 paid or recelved. Page 15 conlinuod...
Border Unlon A rlcultural So¢le No es to the Consolldatèd Flnancia5 Statements . co for the ear end d 30th Se tember 2025 Inued Accounting pollci¢$- contlnued Financial assets that are measured at amortised cost are assessed at the end ol each reporting period for objeckn've evidènee of impairment. If objective evidence of impairment is found, an imp8irmenl loss is recognised in the consolidated siatement of financial activities. Provislons Provisions are $81 up only where il is probable that a present obligation exists as a re¥ull i)f an evenl prior lo the balanE$ sheet dete and that a payment will be required in settlement that Can b9 estimated reliably. Where material, provisions are calculated on a dis¢ounted ba51S. Employee benefits Short lemi employee benefits, including holiday pay, are recognised as on expense in the ¢onsolid8led statement of financial aGlivilies in the period in which they are incurred. Going eoncèrn The trusloes have considered the charitable Gompany's finarscial position for a period of 12 months IroTn the dale of signing these consolidated financial stat8menls and have reasonable expectation that the charitable ¢ompany has adequate resources lo continue in operational èxistèneÈ for th8 foreseeable future. A0ing[Y, Ihey eonlinue lo adopt the going concèTn b8sis in preparing these ¢onsolidated financial statements. Cash and cash equivalent5 Cash and Cash equivalents comprise cash on hand and call deposits, and other short-lerm hi9hly liquid inveslmenls Ihal are readily convertible lo a known amount of cash and are subject to an insignifiGanl iisk ol change in value. In the consolidated sl8lemtrnt of financial position, bank oveTdTafts are shown within borrowings or eurrenl liabilities. Flnanclal perfomian¢e ol tho charltablo company The ¢onsolidated slalemenl of financial activities includes Ihe results of the charllable ¢ompanVs wholly owned subsidiary which was established to let out the proty. The summary financial performance of Iho ¢haritabl8 company alone is.. 2025 2024 Incoming resources 903,748 825,518 Expenditure on charilablg activilies 859,659 784,114 Nel income 44,089 41,404 Total funds brought forward 513,838 472,434 Totsl funds carried forward 557,927 513,838 Repros¢nled by.. Unrestrieted funds Restricted funds 370,560 187,367 357,797 156,041 557,927 513,838 Page 16 continued...
A rl Itural oclg Notès to the Consolldated Finan¢ial Ststement$ - ¢onlinued for the ear ended 30th Se tember 2025 Bordgr Unlon Llmlt•d The wholly owned trading subsidiary, Border Union Limited, is incorporated in the United Kingdom (company numbe¥ SC2254511, Border Union Limited rent out property that is owned by Border Ur¢ion Agricultural Society. Border Union Limited pays Border Union Agricultural Society a service charge. The charitable company owns the entire share capital of fj ordinary shar& of £1 each. A summary of the trading results Is shown below. The summary financlal performance of the subsldiary alone is.. 2025 2024 Turnover 162,192 174,821 Total eXpenture 162,698} 174,438) Nel prof(lossI for the period 1506) 383 Relaine(J earnings al beginning of year 829 446 Retained earnings at end of year 323 829 The assets and liabilities of Border Union Limited were.. 2025 2024 Asgels Liabilities 202,226 201,9021 208,738 207,9081 324 830 Donatlons and 1oga¢l8s Group 2025 Group 2024 Charlty 2025 Charlty 2024 Donations Subscriptions 708 25.774 432 33,847 708 25,774 432 33,847 26,482 34,279 26,482 34,279 Donations tolalled £70812024 - £432} of which £60812024 - £332} was unrestri¢led and £10012024 - £1001 was Teslricted. All subscriptions in both years relate to the unrestricted fund. Other tradlng a1VIll¢S Group 2025 Group 2024 Charity 2025 Charlty 2024 Fundiaising events 29,140 29,140 Atl fundraisin9 income is unreslricled. Page 17 continued...
Bor r Union A rfcult Notes to Co for the olldatod Financial Statemon s - continu tar ended 30th Se te ber 2025 Investment in¢¢m• Group 2025 Group 2024 Charlty 2025 Charlty 2024 Fixed 8$sg1 investment income Interest re¢aiv8ble 4,851 3,966 5.404 2,516 4,851 3,966 5,404 2,516 8,817 7,920 8,817 7,920 Invtrslmenl income tolalled £8,81712024 - £7,920) of which £3,917 12024 - £2.4301 was unrestricted and £4,90012024- £5,490) was reslri¢ted. In¢om• from charitable a¢tivltlè$ Group 2025 Group 2024 Charity 2025 Charliy 2024 A¢tlvlty Show Ram sa19 Show income Ram sale income Dog show income Grants 285.505 165,537 294,702 154,096 285,505 165.537 294,702 154,096 Do9 show School's Day 144,126 70,250 139,586 10,250 144,126 70,250 139,586 10,250 665418 598,634 665,418 598,634 All Show income, Ram sale income and Dog show income is unrestri¢ted. All grants received are restricted. Grants received, includgd in the above, are as follows.. Group 2025 Group 2024 Chadty 2025 Charlly 2024 Fallago Environmenl Fund Margaret Carlaw Charitable Trtjsl 10,250 10,250 10,250 10,250 60.OIX> 60,000 70.250 10,250 70,250 10,250 Other in¢ome Group 2025 Group 2024 Charity 2025 Charity 2024 Rent receivable Miscellaneous Schoo5's Day funding 162,192 8,711 11,180 174,821 7,735 12,950 154,000 8,711 11.180 164,000 7,735 12,950 182.083 195.506 173,891 184,685 All other income for both years relate to the unrestricted fund. Page 18 continued...
Border Union A ricultural So Notes to the Consolidat•d Finan¢ial Statements - contlnued for the ear onded 30th Se tember 2025 10. Ral$lng donations and legacies Group 2025 Group 2024 Charity 2025 Charity 2024 Fundralslng expenses 19,514 19,514 All fundraising expenses are unrestricted. 11. Investment managemont costs Group 2025 Group 2024 Charity 2025 Charlty 2024 Portfolio management 1.100 1,084 1,100 1,084 All investment management costs for both years relate to reslricled funds. 12. Ch3rltabl• a¢tlvltles Costs Group 2025 Group 2024 Charity 2025 Charity 2024 Show Ram sale Dog show 152,466 120,750 104,879 162,491 112.126 111,067 152,466 120,750 162,491 112,126 111,067 378,095 385,684 378,095 385,684 All charitable activities costs for both years relate to the unrestricted fund. 13. DlrgGt Gosls of charilable a¢tSvltle$ 2025 2024 Printing, postage and stallonery Sundries Prixes Hire of marquees and fitting up showground Catering and judges expenses Entertainin9 Security Tup tsxis Hire of dog benching HonoraTIUrn Dance 36,818 26,649 15,147 214,274 32,509 14,626 14.903 11.923 34.166 26,618 13,968 217,577 29,988 11,509 14,341 9.642 17,138 4,422 6,315 4,643 6,603 378,095 385.684 The above ftgures are that of the group and 8lso comprise that of the charitable company. Page 19 ¢onlinued...
rdeT Unlon A rf¢ul ocie Notes to th¢ C nsolidated Financial Stslements - contlnued for the ¥ar ended 30th Se tember 2025 14. Support ¢¢$ts Govornancè Costs M8nagem&nt Finance Total$ Othgr r8sources expended 459,167 5,712 13,875 478.754 Support costs, included in the above, are as follows.. Group 2025 Group 2024 Charlty 2025 Charity 2024 Auditors, remuneration Accountancy fees Legal fee$ 5,850 6,600 1.425 5,250 ,250 2,760 5,8SO 5,525 1,425 5,250 5,250 2,760 13,875 14,260 12,800 13,260 15. Net In¢omellexpenditure} Group 2025 Group 2024 Charlty 2025 Charfty 2024 Audttors, Temuneration Oeprecialior¢- owned assets IDeficilysurplus on disp()sal of fix assets 5,850 33,353 S,250 37,458 5.850 33,204 5,250 37,309 3,032 3,032 16. Trustees. remuneratlon and benefit5 The ¢har4table company trustees were not paid or received any other benefits from employment wilh the charitable company or subsidiary in the year ended 30th September 2025 nor for the year ended 30th September 2024. Trusteès. expen$¢s The charitable company Iruslees were not reimbursed any expenses from the charitable company or its subsidiary durin9 the year ended 30th September 2025 nor lor the year ended 30th September 2024. 17. Sloff costs Group 2025 Group 2024 Charity 2025 Charlty 2024 Gross salarios Social securlty ¢osts Pension costs 181,732 19,740 8,049 168.350 10.685 7.754 181,732 19,740 8,049 168,350 10,685 209.521 186,789 209 521 186,789 The average monthly number of employees during the year was as follows.. Group Group Charity Charlty 2025 2024 202$ 2024 Full time equiva18nts Average number of employees No ernployBe re¢eived emoluments in èxcess of £60,000. The aggregate employee benefits foi key managomenl personnel of th8 group and the charitable company fo¥ the year ended 30th September 2025 amounted lo £70,326 {2024- £65,363). Page 20 continued...
Border Union A rlcul ral Socle Not98 to tha Consolidated F nan¢1 I St t ments - conti for th¢ gar •nded 30th Se tember 2025 18. Comparatives for the statement of financial actlvities Unre$tricted Restricted fund fund$ Total funds In¢om¢ and endowments from Donations and Eegacies 34,179 100 34,279 Charitablè actFvities Show Ram sale Dog show 294,702 154,096 139,586 294.7Q2 154,096 139.586 Investment income Other income 2,430 205.756 5,490 7.920 205,756 Total 830,749 5,590 836 339 Expenditure on Ral$ing funds Investment management costs 1.084 1,084 1.084 1.084 Charitable aetlvltlas Show Ram sale Dog show 162,491 112,126 111,067 162,491 112,126 111,067 other 409.516 10,589 420.105 Total 795,200 11,673 806 873 Net gains on investments 12,321 12,321 NET INCOME 35.549 6,238 41.787 Reconcillation of lunds Total funds brought forward 323.077 149.803 472,880 Total fund8 Carried forward 358.626 156,041 514,667 Page 21 conts'nued...
Bordèr Unlon A rleultural Socie Notes to the C for the olldated Fi ear ended 3tX statemènts - Con tember 2025 Inued 19. Tangible fixod a$sets- group 8ulldlngs and showfield Plant and Improvements ma¢hln•ry Showground and ¢4r park Cost Al 1st October 2024 Additions 8,210 1,516,167 3,843 158,794 16,490 At 30th September 2025 8,210 1,520,010 175,284 D•preclation Al 1 st October 2024 Charge for year 1.436.994 18,587 94,949 10.799 At 30th September 202S 1,455,581 105,748 Net book value At 30th September 2025 8,210 64.429 69,536 At 30th September 2024 79.173 63,845 Flxtures and fltllngs Motor vehi¢l•$ Offlce equipment Totals Cost Al 1st October 2024 A4dilions 158,243 20,316 1,861,730 29,083 8,750 At 30th September 2025 158,243 8,750 20,316 1890.813 Depreciatlon At 1 st October 2024 Charge for year 151,556 1,779 20,316 1,703,81 S 33,353 2,188 AI 30th September 2025 153,335 2,188 20,316 1,737 168 Net book valuè At 30th September 2025 4,908 6,562 153,645 At 30th September 2024 6.687 157.915 Page 22 conlinugd...
Border Unlon A flcultural Socièt Notes to the Consolidated Financial Siatements - ¢ontinued for the ear ended 30th So tember 2025 19. Tanglblo fixed assots- charltabl¥ ¢ompany Building$ and shtswfield Improvements Showground and car park Plant and machlnery At 1st October 2024 Additions 8.210 1,516,167 3,843 158,794 Al 30th September 2025 8,210 1,520,010 175.284 Depreclation At 1st October 2024 Charge for year 1,436.994 18.587 94,949 10,799 At 30th September 2025 1,455,581 105,748 Net book value AI 30th September 2025 8,210 64,429 69,536 At 30th September 2024 8,210 79,173 63,845 Flxtures and fittlngs Motor vehlcle Offlce equipment Totals Cost At 1st October 2024 AddlOn5 153.071 20,316 1,856.558 29,083 8,750 At 30th September 2025 153071 8,750 20,316 1,885.641 Depreciation Al 1st October 2024 Charge for year 746.980 1.630 20,316 1.699,239 33,204 At 30th September 2025 148,610 2.188 20,316 1,732 443 Net book value At 30th September 2025 6,562 153,198 At 30th September 2024 6,091 157.319 Page 23 continued...
Border Union A rl¢ultural So let No o the Consol fof the ear ated Financial Stsle ents - contlnued nded 30th Se temb¢r 2 25 20. Fixed asset investment$ Ll$tod Inv¢stménts Markot value At 1st October 2024 Additions Disposa15 Revaluations 146,077 28,019 139,402} 7,484 AI 30th S8plember 2025 142.178 Not book value AI 30th September 2025 142,178 At 3Ulh September 2024 146,077 AI 30th September 2025 there were investment assets of £46,227 12024 £60,161) held in thè UK and £95,951 12024- £85.9161 outside the UK. Cost or valuation at 30th Septembar 2025 is reprtrsenled by.. Llsted Investments Valuation in 2025 Cost 25,360 116,818 142.178 The above Information relates lo the gTOUP only. Tho charstable cornpany's fixed asset irtvestments cornprise thè listed investments detailed above plus shares in group undertakings totalling £1. 21. Stocks Group 2025 Group 2024 Charity 2025 Charlty 2024 Stocks 3,496 7,161 3,496 22. Debtors Group 202$ Group 2024 Charlty 2025 Charlty 2024 Amounts falling within one year.. Trade deblDrs VAT Prepayments 51,744 437 769 35,586 184,841 437 769 179,179 52,950 36.027 186.047 179,620 Amounts falling due after one year.. Trade debtors Prepayments 20,000 20,000 20,384 20,384 Aggregate amounts 73,334 36.027 206.431 179.620 Page 24 continued...
Border Union A ricultural Societ Notes to the Consolidatod Financial Statèments . ¢ontinu for the 30th S¢ t*mb¢r 2025 23, Current asset invgstmgnts Group 2025 Group 2024 Charity 202S Charity 2024 Unlisted in¥e$tmenls 24. Creditors; amounts falllng due wlthln one year Group 2025 Group 2024 Charty 2025 Charity 2024 Tradè creditors Social security and other taxes VAT Other Creditors Relaled party Current account Accruals and deferred income 20.732 4,922 31,686 17,375 3,678 23,472 85 19,657 4,922 21,792 15,650 3,678 12,942 85 127,140 10,125 147,110 10,150 47,083 41,778 104,423 86,388 203,631 169,620 25. Secured debts Bank ol Scotland holds stsndard security over Springwoo(S Park. 26. Movement in funds Not movement In funds At 1.10.24 At 30.9.25 Unrestrl¢t•d fund$ General fund 358.626 12,257 370,883 Restricted funds Grants Legacy fund School's Day 3,770 1 52.271 13,7701 14,9041 J47.367 40,000 156,041 31,326 187.367 TOTAL FUNDS 514.667 558,250 Net movement in fLsnds, included in the above ar8 as follc>ws'. Incoming resource$ Resour¢e$ expended Galns and Movement losses In funds UnrestTlCted funds Genelal fund 836.690 1824,4331 12,257 Réstrlctgd funds Grants Legacy fund S¢hool's Day {3.7701 119,0101 30,250) 13,7701 14,904 40,000 5,000 70,250 9,106 53,030 9.106 31,326 TOTAL FUNDS 911.940 877.4631 9,10 43,583 Page 25 conlintsed...
Bordèr Unlon A rl¢ultural So¢1 Notes to the C for the ated Financial Stat ents - contlnued nded 30th Se temb¢r 2025 ¢or 26. Movoment in fund$ . continued Comparatives for mov8m•nt in funds Nat mov¢ment in funds At 1.10.23 At 30.9.24 Unrestrlcted funds General fund 323,077 35.549 358,626 Restrlcted funds Grants Legacy Ajnd 9,498 140,305 15,7281 11,966 3,770 152,271 149.803 6.238 156,041 TOTAL FUNDS 472,880 41,787 514,667 ComparatlV8 nel movement in funds, included in the above are as follows.. Incoming resources Re$ourcoS èxpended Gains and Mov•m8nt Ios5e5 in funds Unre$lrlcted funds General fund 830,749 1795.2001 35,549 Restri¢tèd funds Grants Legacy fund 15,7281 5,9451 15,728} 11,966 5,590 5,590 11,6731 12,321 6.238 TOTAL FUNDS 836.339 806,8731 12,321 41,787 The balance on restricted funds al 30th September 2025 is made up as follows.. Lègacy fund this fund was creat8d in order lo provide financial support in the form of bursaries to people with drive and ambition who have identified an opportunity lo advance Ihelr careers, or start a new caTeer, in an area reL2ling lo the society such as agr4cullure. forestry. horticulture, elc. The fund initially arose from donations. Grant$ - this fund arose from grants received to 8ssisI with the building of the new hall. This fund reduces each year as depreciation is incurred. This fund was lully ulilised in the year. School's Day - this fund arose from grants received and is to be used lo support the School's Day. The fund is represented by debtors. Included withsn restricted funds 18 the investments revaluation gain of £25,360. Page 26 contsnued...
Notes othec for the dated Flnancial Statements - continu Èar ended 30th Se tember 2025 27. R•lated party disclosures Transactions with bsidiaries Border Union Limited is a tully r)wned subsidiary of Border Union Agrieuttural Society. During the year Border Union Agrbcultural Society charged a service charge of £154.000 12024 £164,000) which is IncludeLI in debtors and is due from Border Union Limited. Included in crodilors is a curienl account balance lor cost recharges and advances madg betsveen these entilies and Border Union Agricuvtural Society is due £147.110 12024 £127,140) lo Border Union Llmiled, which is an unsecured balance, interest free and repayable on demand. Transactions with other related arties During the year Border Union Agricultural Society entered into transactions with a number of entities in which the Iruslees were directors or held core management positions. Aggre9ate income received into Border Union Agricultural Society comprised event-related Iransactions under normal commercial terms of £1,827 and donations received of £455. In addition. aggregate expenditure incurred by Border Union AgricuEtural Society comprised the PLJr¢ha$e ol goods supplied under normal commercial lems of £23,635 and bursary award paym8nts of £1,395. AI 30th SeplemLber 2025, the amourbts outstsnding with these enb'tses were £1,33S held as ueditors. Diro¢t transactions with the Iruslees of Border Union Agricultural Society during the year comprised income in respect of evenl-related transactions under normal commercial terms of £424 and donations of £400. 28. Post balance sheet events After the year end the board of trustees undertook 8 review of the staffing structure of Border Union Agricuttural Society. the board concluded unanimously upon the review that restructuring of staffing Was fèqltired which reyulled in the position of the 'Executive Directort being mada redundant. This r¢sulteiJ costs of £27,869 being incurred. Page 27