jamesmilne CHARTERED ACCOUNTANTS Deeside Agricultural Associallon Scottish Charity Nurnber SC034756 Company Number SC252549 Report and Financial Ststements for the year endgd 31st October 2025
Deeslde Agrlcultural Assoclatlon Report of the Directors foT the year ended 31st October 2025 The Trustees present their annual Report and Financial Statements of the charity for the year ended 31st October 2025. The Financial Statements have been prepared in accordance with the accounting policies sel out in note 1 lo the accounts and compty with the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Account IScolland} Regulations 2006 las amended) and Accounting and Reporting by Charities.. Statements of Recommended Pracli¢e applicable to charities preparing their accounts in accordance w'rth the Financial Reporting Standard applicable in the UK and Republr of Ireland published on 16th July 2014. Objectlves and actlvities The main objectives are the promotion and adVancementofagrllUre, agricultural sThence and associated trades. The Association's principal source of income is from oryanising and running the annual Banchory Show. Achievements and performanc¢ Ban¢hory Show was held this year on Saturday 26th July. As with most days this year (t was dry and sunny. The schools preliminary football was held as usual on the Friday evening with the final being played on the Saturday. We had plenty volunteers to help with preparation. Erection stewards made g¢)od use of the helpers and all wenl smoothly. On Friday we donated the use of our marquee for a ¢haritable event. This year il was Banchory Community Football Club. They raised £28,465 which will go towards Tillybrake Community Hub Project. Liveslo¢k and horse judging went well with plenty spectators. Trade stand space was full to capacity again with a large number of local charities raising money for their cause. Our education lent was well supported it had plenty activities and compeb'lions for children. Attractions in the ring included, schools five aside ftX)tball, dog agility derronstration. tug ofwar, parade of livestock and a display of livestock feeding methods. Entertainment started in the marquee al five pm enjoyed by a large crowd of afternoon revellers who meet up in the bar meeting with acquaintances from previous shows. The evening concluded with a band playing lo a large crowd of dancers. Al the AGM in December 2024 donations lolalling £4,650 were awarded to.. RSABI Scottish Air Arnbulan Seed Box Friends ofAnchor Ucan Banchory Outdoor and Active Mid-Deeside Young Farmers Club Aberdeen Bon Accord Lion5 Club Maggies
Deeside Agricultural Association Report of the Dlreeto for the year ended 31st October 2025 Icontlnuedl Finan¢lal review The results for the year under review, contained within pages 5 and 6 of this pOrt, should be read in conjunction with the notes lo the financial slalemenls on pages 7 to 11. Following income generated and expenses incurred in running the Association there 15 0 surplus for the year of £15,14812024- £18,624). On the back ofthe Surplus forthe year, the nel assets ofthe Association were £248.090 12024- £232,942>. As the figures herewith show, the A550ciab'on ¢onlinues to be in a healthy state. Reserves pollcy It is the policy of the Association lo relain adequate reserves to safeguard the continuance of the Association's purpose. At 315t October 2025 the Association had unrestricted funds of £248,090. Stru¢turo, gov•rnan¢e and management The company, whi¢h is gIStered in Scotland is limited by guarantee and therefore govemed by 115 Memorandum and Articles of Association. is a registered Charity in Scotland charity number SC034756. In the event of the charitable company being wound up, the liability In respect of the guarantee is Limited lo £1 per member. The company was incorporated on 9th July 2003. All committee members are very familiar with the practical work of the Asswiation. having been involved for a number of years. Committee members attend training days and conferences relating lo the running of agricultural shows, including stewarding. contingency planning, health & safety and markets'ng & evaluation. Dlrectors and Trustees The dilOrS of the charitable company (the charity) are ts Trustees for the purpose of charity law. The Trustees, who Served durin9 the period under review and 5inTr the year end were as follows.. G. Christie l.C. Wilson G. Peter A. Blackhall J. Winlon R. Begg J. Barclay A Walson D. Wight D. Vmnlon l. Murray {resigned 31112120241 (appointed 31112120241 Newly appointed Trustees are advised by the board of their legal duties and responsibilities and where necessary training is provided. Secretary: E. Christie Treasurer: l. Wilson Accountsnts: James Milne, Chartered Accountants, Rosewood. Raemoir Road. Banchory A8314ET. Bankers: Virgin Money, 38 High Street, Banchory AB315SR
Deeside Agrlcultural Association RgPQrt of the Dlrectors for the year endod 31st October 2025 Icontinuedl Reglstered offlce.. 36 Partan Skelly Way. Cove. Aberdeen. A812 3PH Scottlsh charity numbor: SC034756 Company number: SC252549 Dlrectors. responsibilitie$ The directors are required under the Companies Act 2006 and Charities Accounts Iscotlandl Regulations 2006 to prepare, for each financial year, financial statements which give a true and fair view of the financial activities ol the Asso¢ialion during the year and of its fin8nci81 position al the end of the year. In preparing these financial statements the directors are required to.. lal select suitable ac¢ounting policies and apply them on a consistent basis.. {bl make judgments and estimates that are prudent and reasonable: {cl follow applicable accounting stsndards subject lo any material departures dlsclosed and explained in the financial slalements.. Idl prepare the financial statements on the going concern basis unless il is inappropriate to presume that the Association will continue in operation. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Association and enable them to ensure that the financial slalemenls comp with applicable law and regulations. They are a150 responsible for safeguarding the assets of the Association and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared In a¢wrdance with the provisions in Part 15 of the Companies Act 2006 appIable to companies subject lo the small companies regime and was approved by the board on signed on rt5 behalf by l. Wllson Director
Independent Examlnerfs Report to the Trustees of Deeside Agricultural Association I report on the accounts of the charity for the year ended 31 sl October 2025 which are sel out on pages 5 to 11. Re$pe¢tlve responslbllitles of management commlttee and examlner The management committee are responsible fof the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scollandl Act 2005 and the Charities Account$ (Scollandl Regulations 2006. The managernent committee consider that the audit requirement of Regulation 10111 la} lo Icl of the Accounts Regulations does not apply. 11 is my responsibility lo examine the accounts as required under Section 44111 Icl of the Act and lo stale whether particular matters have come lo my attention. Ba51s of Independent examlner's statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts IScotlan¢Jl Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks exp18n81ions from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently do not express an audit opinion on the view given by the accounts. Indgpendent examIneS ststement In the course of my examination, no matters have come to my attention which give me reasonable cause to believe that in any material respect the requirements.. lo keep accountin9 records in accordance with Section 4411 Ila) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and lo prepare accounts which accord with the accounting records and Comply with Regulation 8 of the 2006 Accounts Regulation5 have not been met, or 2. to which, in my opinion, attents'on should be drawn in order to enable a proper understanding of the account$ to be reached. Rlchard D. Christle, CA Partner James Milne Charted Aceounlants Rosewood Raemoir Road Banchory AB314ET
Deeslde Agrlcultural Association Statement of Financial Actlvltles (Incorporating an income and expenditure account for the year ended 3131 October 2025 2025 Total Funds 2024 Total Funds Unrestrlcted Funds Restrict•d Funds Notg Income and ondowments from: Charitable acb'vilies Investment income 146.541 2,254 443 146,984 2,254 151,325 1.375 Total income 148,795 443 149,238 152.700 Expenditure on: Charitable activities 133,647 443 134.090 134,076 Total expBnditure 133,647 443 134,090 134,076 Net Income 15,148 15,148 15,148 15,148 18,624 Net movement In funds 18,624 Reconclllatlon of funds Total funds brought forward 232,942 232,942 214,318 Total funds carrled forward 248,090 248,090 232,942 The statement of financial activitie5 includes all gains and losses recognised in the year a5 well as complying with the requirements for an income and expenditure account under the Companies Act 2006. The notes on pages 7 10 11 fomi an inte9ral part of the Financial Ststements
Deeside Agricultural Associatio Balance Sheet at 31st Octob9r 2025 Note 2025 2024 Fixed assets Tangible assets Investments 45,723 50.100 49.313 50.100 95,823 99.413 Current assets Debtors Cash at bank and in hand 2.390 154,249 3,756 135,383 156.639 139,139 Creditors: amounts falling du within one year 14,3721 15,610) Net current assets 152,267 133.529 Net assets 248,090 232,942 The funds oftho charitablg company: Total accumulated income funds 10 248,090 232,942 The Trustees are satisfied that the charitable company is entild lo exemption from requirement lo obtain an audit under Section 477 of the Companies Act 2006. Members have not required the charitable company lo obtain an audit in accordance wrth Sects'on 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect of accounting records and the preparation of ac¢ounl$. The accounts have been Prepad in accordance with the provisions of part 15 of the Companies Act 2006 applicable to companies subject lo the small companies, regime and the Financial repK)rting Standard for Smaller Enlilies (effective January 20151. These accounts were approved by the Trustees on and signed on their behalf by.. l. Wlson Trustee E. Christie Trustee The notes on pages 7 10 11 form an integral part of the Financial Slalements
Deeside Agricultural Assoclatlon Notes to the Report and Financial Statements for the year ended 31st October 2025 1. Accounting pollcies 1.1 Basis of Accounting The financial statements have been prepared in accordance with Accounb'ng and Reporting by Charities.. Statement of Recommended Pffjctice applicable lo charf(ies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} published on 16th July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Repubbic of Ireland {FRS 1021, the Charities and Trustee Investment (Scollandl Act 2005 and the Charities Accounts (Scotland) Regulations 2006 las amended). The Charity ¢onslitutes a public benefit entty as defined by FRS 102. The financial statements are prepared in sterling, which is the functiMal currency of the entity. 1.2 Funds Under the conslitub'on, the director5 are Tequired lo use the funds at their disposal for the furtheran of all facets of agriculture and horticultu and associated operations in the area Immediate around Banchory. Restricted fvnds are monies that have been given for a specific purpose. 1.3 Tanglble flxed assets aDd depreclation Fixed assets are stsled at cost less depciall0n on the bases Sel out hereunder. Show gales Dance floor Cups and trophies Computer equipment 5Yo reducing balance 5Yo reduang balance 33/JOkn reducing balance 1.4 Investments Investments are staled al c051. 1.5 Incoming resources Income from investments is included in the financial statements when receivable. Incoming resources from charrtable trading activits'es are included in the financial statements when roceivable. Other incoming resou¥ are included in the financial slalemenls when re1Vable. 1.6 Resourc9$ expensed Expenditure on charitable activib'es comprises those costs incurred by the A$s(xialn in the delivery of ils activitie5 and are included in the financial slalements on an ac¢ruals basis. Expenditure on governance costs including accountancy fees and costs linked lo the management of the Association are included in the financial stalerrEnts on an accruals basis. Liabilities are recognlsed as expenditure as soon as the is a legal or constructive obligation committing Ihe charity to expenditure, il is probable that Settlement wll be required and the amount of the obligation can be measured reSiably. 1.7 Taxation Deeside AgrUrtural A550ciation is a registered charity and therefore exempl from taxation.
Deeside Agricultural Association Notes to the Report and Flnanclal Statements for the year ended 31st October 2025 2. Related party transactlons and Dlrector&' expenses and remuneratlon During the year, the Association paKI £7,00012024- £7,0001 lo the companylshow secretary and paid £3,000 12024- £3,000) lo the show treasurer (also a director) for administrative Servi$ provided. Expenses tolalling £69412024 - £5901 were paid to the companylshow secretary. 3. Income from Charltable actlvltios Unrestricted Funds Restrtcted Funds 2025 Ti)tal 2024 Total Table and chair hire Craft Fayre Admission money Car parking Dance Catalogues and programmes stand and field nI Bar income Subscriptions General donations Entry fees 300 club Raffle Sponsorship Saturday night marquee Ladies lunch 200 200 1,820 42,692 1,520 5,163 306 8,633 60,776 2,361 1.175 1.757 3,000 4,931 6,820 5,929 4,342 36,858 933 2.120 36,858 933 2,120 12,531 58,188 797 100 3,507 3.000 5.506 8,171 8,002 6,628 12,531 58,188 797 543 3,507 3,000 5,506 8,171 8,002 6,628 443 146,541 443 146,984 151,325 In 2024 £150.514 of income from charitable activits'es wa5 unrestricted and the balance of £811 r851ri¢led. 4. Investment income 2025 2024 Bank interest received Dividends received 504 1,750 1.375 2,254 1.375 Al investment income is unrestricted.
Deeside Agricultural Association Notes tothe Report and Financial Ststements for th8 yoar ended 31st October 2025 5. Expendlture on charitable actlvltleg Unrostricted Funds R¢$trl¢t Funds 2025 Total 2024 Total Pre money Bar expenses Printing and postage Advertising Pipe and dance bands Other show expenses Judges, expenses Adminislralion expenses Special attractions Rosettes Raffle prizes Hire of equipment Tentage Insurance 14,070 29,155 1,629 560 2,300 15,735 1,070 857 2,408 2,503 656 14,048 13,740 2,088 14,070 29,155 1,629 560 2,300 15,735 1,070 857 2,408 2,503 656 14,048 13,740 2,088 15.139 28.232 1,825 1,300 1,800 12,999 2,120 852 1,300 1,841 600 8.896 13,313 2,140 klll Trophies and engraving Annual dinner dance Show day catering Ambulance service and first aid costs Police and security eosls Honoraria 300 Club Other donations Aeeounlancy and legal fees Computer and website expenses Bank charges Depreciation 42 2,083 3,541 2,226 3,240 10,000 1,505 3,839 1,692 1,078 18) 3,590 42 2,083 3,541 2.228 3,240 10,000 1,505 4,282 1,692 1,078 181 3,590 1,408 4,961 3,411 2.560 4,784 10,000 1,500 5,881 1,694 1,090 171 4,437 443 133,647 443 134,090 134,076 In 2024 £133.265 of expendftu on charitsble aclivitps was unrestricted and the balance of £811 restrted.
Degside Agricultural Association Not8S to the Report and Flnanclal Ststements for the year ended 31st October 2025 6. Tanglble flxed assets Computer equipment Dance floor Cups and trophles Total Showgatgs Cost At 1 sl November 2024 Additions 87,383 10,845 7,356 63,859 5,323 Al 31st October 2025 87,383 10,845 7,356 63,859 5,323 Depreciation Al 1st Novernber 2024 Charge for year 38,070 3,590 5,940 1.635 4.101 165 28,029 1,790 At 31 st October 2025 41,660 7,575 4,266 29.819 Net book vaSu8 Al 31st trtober 2025 45,723 3,270 3,090 34,040 5,323 At 1st November 2024 49,313 4,905 3,255 35,830 5.323 All tangible fixed assets are unrestTiCted 7. Investments 2025 2024 Unllsted Investments Cost al 1st November 2024 50,100 50,100 Cost at 31st October 2025 50,100 50,100 Whereof Investment assets in the UK 50.100 50,100 All investments are UnStrICted 8. Debtors 2025 2024 Trade debtors Other debtors 430 1,960 1,811 1,945 2,390 3,756 Debtors include £Nil 12024 £8111 of restricted fvjnds with the balance of £2,390 {2024 - £2,945) being unrestricted. 10
Deeside Agricultural Association Notes to the Report and Flnanclal Ststements for the year ended 31st October 2025 9. Credltors: amounts falllng due withln one year 2025 2024 Trade creditors 4,372 5,610 Trade ¢reditors include £44312024 £8111 of restricted funds with the balance of £3,92912024 - £4,799) being unrestricted. 10. Funds At 0111112024 At Expenditure Transfers 3111012025 Income Unrestricted funds General 232,942 148,795 1133,6471 248,090 Totsl Unrestricted funds 232,942 148,795 1133,6471 248,090 Restrictgd funds Heads or Tails 443 1443} Total Restricted Funds 443 14431 Total funds 232,942 149,238 {134,0901 248,090 Heads or Tails During the annual dinner dance funds received via 'Head or Tails" We Collected for donating lo a specific charity. 11. Allocation of net assets among funds Unrostrictod Funds Rostrlctod Funds 2025 Total Tangible assets Investments Debtors Cash al bank and in hand Creditors 45,723 50,100 2.390 153,806 13,9291 45,723 50,100 2,390 154,249 14,372} 443 14431 Net assets 248,090 248,090 In 2024 all nel assets were unrestricted