COMPANY REGISTRATION NUMBER: SC254491 CHARITY REGISTRATION NUMBER: SC034814 RHEf DUMFRIES A14D GALLOWAY couKfRYSIDE INMATIVE COMPANY LIMTfED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Davld Allen Chartered Accountants 51 Newall Terra Dumfries DGI ILN
RHET DUMFIUES AND GALLOWAY COUNTrYSIDE INMATIVE COMPANY LIMTfED BY GUARANTEE CONTENTS Tnstees, Annual Report (Irtirj DlrKtorg Rept> Ito6 Inpendt examlnevs ret#Jt statement of financlal actimtles 8t09 Balance theet io Notes to the flnandal statanents iito22
RHEf DUMFRIES AND GALLOWAY COUNTrYSIDE INMATIVE COMPANY LIMITED BY GUARApifEE TRvsfEES' ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORT) The trust. who are dirthr5 for the pwp)ses of Compry law. present the amual report together wlth the finarKlal Staternts of the charitabk compary for the year 31 August 2025. OBJEcfIvES AND ACTIVITIES The principal artivity of the thanty is to promte the brirvJirvJ together of wban and rural throuyh farm visits and train speakers atterKJiTr3 xhc(4s. The AH olfrie5 and &illoway Cwntygde InlOaUve alms to ¢Thide sdKMJls In Dumfrles and Galloway with the provison of fami vists, dassrcKm spthkers aNI resour in school. The charity aims to a(IvarKe puLlic ethKation by: l. The primnotion and encouragement of the dissem11t1On of Inforniati cOreming Scottish wildllfe, Jriculture. forestry, rurdl irKlustries COLtry&de 2. Increa&ng the general publies awareness of trÉir SymosI5 wlth the LI0g101 dfversty, njral environment, county&de life and nOmY in Scotland 3. Improwng the general publids undersiar#lirrfJ of tr pe$ arKI ne$sary to sustsln loro term food and timttr prJucOn aThJ 0vIsion for Mldlife and its hatxtats The objethves are theved by carryiro arxl devthir*J at a local level the activlties of the charitable body with whlch the Company is arKI shau (subFrt as aftw mentioned) remain affillated, namely, The Royal Highland Education Tntst (a c(¥npany limite(I by guarantee, incorporated In tland with registered number SC123813, arKI Scottish tharity nnber SC007492, hereinafter referr&1 to as RH). operations of the company are o)nfined to the des1gnated geographical area known as Dumfries and Galboway. The tsustees have referred to guklance contsined in the Office of the knttish Charity Regulator's general guldèn on wbllc Lnefft revMMtWJ their objeth.ves atml in planning their future acdvltles. In parClar, the trustees IKJW aed tiVItieS will a)ntribute to objectives have set.
RHET DUMFRIES AND GALLOWAY COUNTrYSIDE INrrIATIVE COMPAf4Y UMThED BY GUARANTEE TRusfEES' ANNUAL REPORT (INCORPORATING ThE DIRECTORS. REPORT)(CONTINUED) StRuURE, GOVERNANCE AND MANAGEMEpir The d)arty Is governed by its Mc¥andum and Artides of Asscrtiation. The tsustees a(1mlnlster the tharlty and meet on a gUlar ba$% New trustees can k electd at the Anrxjal Gewdl IWirvJ can te appcmnted at the dIscren of the board. Trustees appoint sirKe the last Annual Gal MeetirKJ and one third of the other trustees reti by rotstion at each Annual fal tirJ. New trustees are provided with informatlon whkth alms to frdmllkarise them wlth tharity's values, aims and objectives, togthr bmth its day to day opations in addition tr) darifying their statutory responbIlItieS as éirectors of a company limltal by guarantee and trusteas of a charlty. RHET Dumfries and Galloway Countyslde Initiats've is part of Royal Highland Education Trust (RHEfi nerk of country&de irutstives RHE[ wovide partial fifflding for a projett co-ordlnator to cover DLunfries & Galloway area. Tr (nst to RHEf of o)-ordinator time paid by RHET dlrectly to the RH Dumfries & Gdtoway omjrdinatr drj the year 31 Awjust 2025 was £14,866 {2024 - £7,223}. The trustees have to aw the mah)r risks to whith the tharity is exposed, In partIClar those lating to its operations and finaTh2. Regular reviews of edLa$ have been instituted with a eW to mitigatirvJ major risk5 as they are identified. ACHIEVEMENTS AND PERFORMANCE The 5tsrt of the year saw Jessica Miller in as the ProÈrt Cordsnat0r. Desplte an encouragi Start to the school adem year, due to nw kgisdatlon by mfrIe$ and Galloway cowdl re-dassifying farm visits as a hazar<knus aCtIty, we ld io a h in fam) wslts In term tFwee until an agreement was made with RH traI on t¥)w we harKlkd the fann 5[ts in the area. Additional steps We put into [Yedre, which le number of fami visits we could hande. Thi5 was mainly due to the insert of mandatory pre-ts to fam)s by the t&ither, whith, o)upleé with hi9h numters of kyimary sthod teachers In the area w01ng part-b.me and therefore only Idenilfyirvj speciflc dates ttw could do presIts, really SIe do the time in wkich we COLdd fit the pre-vlslt in. We hcye to review thi5 courKiI in the futwe. Je551ca ran a $sSfUl soknl's comFetstson in the w1ThJ time in conjunction Jane Damdson from Glen Urr Ice Cream rebY PUFils were tssked with the thallee of deslgnlng a new l-(reaM navour. This competiljon tied in nicdy wlth the 'Year of Dalry, whlch was ojrrently In place a¢Joss Scotland. As a pri the winrNrKJ design was put ir)to marmjfacture by fjen Urr with the dass of the wlnnlng pu1 gettyNJ first tsste of the Unla flavour that Was (Teated.
RHET DUMFRIES AND GALLOWAY COUNTRYSIDE INITIATIVE COMPANY LIMrrED BY GUARAr¥rEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS. REPORT)(CONTINUED) With the departure of Jess In June 2025, 1$ Paterson from RHEr ayde, aSsted In rumlThJ the area. This resulted in a qulet sumrner peri( rm) lo(zl agriculturd preSeft. After a ihoroL¥Jh recruitmefit pro(Hlure two new part-time Pcs were aptx)inted in August 2025; Andrena McGill, (x)vering the west of the area atKI Joar¥ Hiddleston coverirwJ the maln role in t Dumfrfes area. Trdining Is orwjxng for tx)th. Requests for farm vits arKi da55nxxn talk5 have irKTeasaJ due to a push wtth the medla, aml free bus furKJing available via a grant from the S(rttish the Holyrood Trust and windfami funding. A Food ar Farming Day at Stsir Estate is in the tAanrNng. a1 the CCOW (Countyslde aas5room Wheels) Is ready for futwe use at even Totsl stats for that sdK)d year are: Fam) Yi%ts: 25 Puplls on Fam VlsfjtslFC and Famiing Days.. SEO Trattor Talks & Early Year Boxes: 539 putxls Clas5mom talkslonline events: 4930 CCOW Vlsot.. ILKIO pwils No. of Sd)ools In contatt with RH D&G: 263 other RHET eventslllrs: 2207 putMIs No. of puwls engaged in year %Mth RH Adjts: 9,242 A challengirwJ year for the charity, FM)wever a posibve ftrture Th)w that we have our new Pcs in pla and grateful thanks to all vc4wteers IJt nke it otffite. FINANCIAL REVIEW At 31 August 2025 unrestrtcted funds amnted to £63,889. Restritted furwjs of £3,714 are allocated for bus travel and fami day SFKMsorsNp. The unrestritted fijnds wll be applied to meet the ongoing costs of tr d)aHty. The aim of the compary Is to malntsln reseNes 5wffl¢Jent to meet the ongoi costs of the chadty and ttlr tyjslness objects
RHET DUMFRIES AND GALLOWAY COUPffliYSIDE INttlATIVE COMPANY UMTfED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTORS. REPORT)(CONTINUED) REFERENCE AND ADMINISTRATIVE AILs Charfty Registration Number Company Registration Nwnber SC034814 SC254491 The Iharity is irKDfF¥)rated in kndand. 51 Newall Dumfries DGI ILN Reglstered Office Prlnclpal Offlce Ardwall Mair t)umfries DG2 BDH Bankers Bank of kntlaTrJ 91-93 High Street Dumfn'es DGI 2BN Accountants David Aln artered Acctyjntants 51 Newall Tea DLThfn"es DGI ILN Independent Examlner Jthn Sfmpson FC4 (hrter& Airountsnts Irelar Morhtpelier PrOfeOnal (Galloway) Limlted l Da5hw(KKI &uare NOn Stewart DG8 6EQ
RHEf DUMFRIES AND GALLOWAY COUNTRYSIDE INITIATIVE COMPANY UMrrED BY GUAIIANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING ThE DIRECTORS, REPORT}(coiifINUED) Truste85 ond officers The trustees and offir5 seNrvJ durirrtJ year arKI sifKE the year gKI were as folh)ws: Trustees MrA)Kerr Mr R A DldS (rerd 19 November 2024) Mr H W Mcclymont (restgned 19 November 2024) Mr W P£mlrvJ Mr R G Sommuwille Mrs S J Bartxyjr ss M Beattie Ms S F "rJan Miss H J Sproat Miss S J Hair4ng (aptM)inted 19 ember 2024) Mr C Mdfjnnon (aFI)c4nted 19 November 2024) Mrs A L Stobart Company Secretary Mrs A L Stobart FINANCIAL INSTRUMErirs The tharftys activrties e4)Dse rf( to a Nmber of finaal risks I11r) ITlt risk a1 cash flow rlsL The tharivs actiVe$ ex[Se it wimarity to the finaNial flsks of dnge5 In irterest rates. Interest bearlng assets and Ila&ilities are frdd at fixed rdte to erfjure trrtainty of cash Ilows. The tharivs prinapal finanaal a55ets are bank brJan arKI cash, aThJ trade and 0r 1Vable5, The charity s credit risk is primarily attritxjtalk to Its trade f1Vable5. The amounts presented in the balan sheet are net of allowarKes for doubtfLd receivabks. An auoipionce for impaim)ent Is made where there Is an Identlfied loss event which, based on prevIc eX[rien, is eviden of a redurtlon In the reCoVeratlIty of the cash fh)ws. The credit risk on liquid arKI dW1vaVe fiwdal instrnments L5 limlted t(3use the o)unterparbes are banks bith tr¥gh (Tttlit-raVn9s by Intemational apdit-rating agencie5.
RHEf DUMFIUES AND GALLOWAY COU14TrYSIDE INrriATIVE COMPANY LIMtrED BY GUARANTEE TRUSTEES. ANNUAL REPORT (ZNCORPORATING THE DIREcfoRS' REPORT)(CONTINUED) STATIMINT OP TRUSTEES, RESPONSIBILTfiFS The trustees (who are also the dlrths of RHEf Dumfrles ¢0W&Y Cowtylde InlatIve for the puryN)ses ol ccmnpany lèw) a resmltle for reparfNJ the trusteos, report and the trustees rep (In¢orrmtrng the dlrector¥ rep] and ihe fina4)1 $tstemts In accordance wlth Jppllcable law and Unlted Klngth)m Accounttng Standards (Unlted Klrylom GerallY Accepted Accoufttlng Prncttce), Indudlng FRS 102 'Th8 FInaal Rwo1fig Stsndard awlcatrle In the UK and Republlc of Ireland" Company law requlres the tnth to prepare Ilnandal statements for eath financlal year. Under Company law the trustees must not aFvrove the tlnandal siaknents e$S they Jre satIsfl1 that they gfve a true and falr vlew of the state of affèlrs of the charftalAe company arKI of the Incomlng resour and apcatIOn of yesrS. IndudlNJ orne aNI exnd[tUr< of the Chafftae company for that pedod. In prerfng the ststements, tr trustees are fequtreé to: selett suRaL4e accourtlng pjkles arrfl amjy thun co[w5ten, ob5efft the mdhods and prIne$ In the aMrltles SORP: make judgements and accountlng esvnotes that are reasonable prudent; stste whether UK accountlng stlalS, cwtslng FRS 102 have been fdlowed, subject to any materlal departures di10$ed and exFtslned In the finandal Statents; and pRpare the flnanthl $tlts on the goh¥J timTh bads unk55 It Is Ina[4x0te to presume that the chatltatde cpanY will cwtlnue In 1Xtsw5S. The trustees are resporle for malntslnkng woper records that can dlsckn wlth reasonatle accurw at any tlme the lknandal tIfth of the cha¥ltaile conpny enable ihem to ensure ihot tre financlal statements c¢xnpty vAih ttr Ctynpanies Art 2006. They are also $an$e for safeguardlng the assets of the charltst4e Comn¥ and hertt for tsklng rea50naUe steps for the ventlon and detrftl(m of fraud aThl cthi Irregularities. 7he trustees are responslble for the mthtenaKe and Integrfty of the corwrate and flnandal Informatlon Induded on the ctraritatk cowp3nVs webslte. Leglslatlon In the Unlted Klngdom govemlng the preparn1 and dlssemlnth of firth1 siatemeJts mty dlffer from leoSslion In other Jurlsdtctton& The 3nNal feport was ap0d by the tatee5 of the cthartty on 27 NoNEmlw 2025 and slgned on behaw ty: Mr R G S(Thmle Trustee
RHET DUMFRIES AND GALLOWAY COUPffliYSIDE INMATIVE COMPANY UMrrED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF RHEf DUMFRIES AND GALLOWAY COUNTRYSIDE IIIITIATIVE {"THE COMPANY") I report on the accounts of the charfity for year eTrJed 31 August 2025 whith are set ¢JJt on pages 8t022. Respertive responsibilities of trustees and examlner The charity's trustees (who are also the directors of the company for the puw5e5 of (J)mpany law) are responsible for the preparation of the accounts in accordan with the temis of the Charities and Trustee Investjnent (Scotland) Att 2¢J05 and the arib"e$ Accounts (kndand) Regulations 2006 (as amende(J). The tharity trustees a)nsider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not ay. It is my responsibility to examine the accounts as uired under seLtion 44(1) (c) of the Act arKJ to state whether pa"cular matters have come to my attention. Basis of independent examinerfs statement My examination is carried out in accordance with Regulats"on 11 of 2006 Accounts Regulations. An examination indudes a review of the accounb'ng records kept by the tharity and a comparison of the accounts presented with those record5. It also consideration of any unusual item5 or disdosures in the accounts, and seeks explanations from the trustees CornIng any suth matters. The procedures undertaken do not wovide all the evide that would be requlred in an audit, and consequently I do not express an alIt opinion on view given by the accounts. Independent examiner's statement In the course of my examination, Th) matter has come to my attention: (l) whlch glves me reasonale cause to believe that in any mabial respeLt requirements.. • to keep accounting records in aCcOrdae with Sertion 44(1) (a) of the 2CKJ5 Act and RegulaOn 4 of the 2006 Accounts Regulations . to prepare accounts which accord with the ac(xMJntirKJ records and comply with Regulation 8 of the 2006 Accounts Regulations have not met; or {2) to whith, in my opinion, attenti be drdwn in order tr) enalAe 3 proper understanding of the accounts to be reached. John Simpson FCA Chartered Accountsnts Ireland l DashWI Square Newton Stewart DG8 6EQ 2sI.4126
RHEf DUMFRIES AND GALLOWAY COUtITrYSlDE INTfiATIVE COMPANY UMThED BY GUARANTEE STATEMENT OF FINANCIAL ACTivrrIES FOR THE YEAR ENDED 31 AUGusf 2025 {INCLUDIt4G INCOME AND EXPENDThURE ACCOUNT AND sfATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) Total 2025 Total 2024 Income from: Donatlons, legacies and grants recelvable Charitsble activities Investment incorr 4,011 9,830 1,750 5,761 9,830 2,070 Total Irome Expenditure ¢ffi: Raising funds Charitable actiMtie5 (1,622) {1,622) (610) Tot expendlture Net In(J)me/{exnditUre) Transfers funds 1,039 830 (6,725) 830 {5,686) (20,878) Net movement in funds Reconciliation of funds 209 (5,895) {5,686) (20,878) Tot funds brought fOard Tot funds carried foThYard 17
RH DUMFIUES AND GALLOWAY coupifRYSIDE INThJATIVE COMPANY LIMrrED BY GUARANTEE STATEMEKf OF FINANCIAL ACTJvrriES FOR THE YEAR ENDED 31 AUGUST 2025 {CONTINUED} (INCLUDING INCOME AND EXPENDrruRE Accourir AND sfATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) Total 2024 funds funds Income Irom: Donations, lepies and grants recvable Investment income 320 1,750 2,070 Totsl IlKcne Expendlture on: Ralslng fund5 Charltable acbmtles (610) (610) Totsl expenditure Net exPelIre Net movement In fuThJs Reconciliation of fund5 (14,074) (6,804) (20,878) Total funds brought forward Totsl furK15 caryied forward 17 All of the tharity's artivities derive frorn continuirJ 0rati(S durlng ab)ve two perlods. The funds breakdown for both years is Sn in mte 17.
RHEf DUMFIUES AND GALLOWAY cOuNTrYDE ThfnAnve COMPANY LIMITED BY GUAIIAt4TEE BALANCE SHEEf AS AY 31 AUGusf 2025 2025 2024 Plxed aMts Trrvjltle assets yrr¢nt •M•ts 13 19.399 24,598 14 I.IoB 1.205 Cath at tAnk In hJThl 48,599 49,056 Credltom: Amounts falllng du¢ wlthln one ye•r Nel Current assets Pund of th• ¢hJrlty: RutrkteAI Imome lund• Restrkted fvnd5 17 3,714 Unr••trlrt•d Incom• fun Unrestrlcted funds Totsl fvnd• 17 67 For the flnOla1 year emdlw 31 AwLbSt 2025 the dN¥ly was emithd to exthi fr7 8udlt under sttlknn 477 01 the com¢$ &t 201% rdthj to snkil crynparle& DlrertrKs' 5P)nSIbl1tleS. The Mbe[S Ikive n( requlr&l drIty to ithln an wdlt of Its accrytnts ft the year In questlon In accordono yh seLIkn 476: arnl The (hreLtor5 acknovAedge ihelr resFKJnslb6Utles lor complykng wbth the ro4LiYements of the Art with respert to accourtlng records aTrJ the preparation of accoun These flnanthl ststements have epared kn accordarte with the Spla1 wovislons reMng to companle5 5ubJert to the small ownl&s rwjme vlthln Part IS of C(ffiponk5 Act 2006. The finandal statements on pages 8 to 22 I•e by the tnthes. and auih)rfsed for1s5ue I 27 No¥•nlr 2025 afxl thelr behaw brf: Mr R 6 Scffimervii Tntstee -io-
RHET DUMFRIES AND GALLOWAY COUNTRYSJDE IN[ATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ATENEr{r5 FOR THE YEAR ENDED 31 AVGusf 2025 I CHARrrY STATUS The tharity is limited by guarantee, itKorrM)ftted in 5cotl3nd, and ConseqnIJY does not have share capitsl. Each of the trusts is liable to CrIbUte an affKwnt not exceedlr4J £1 towards the assets of the tharity in the eVt of liquidatim. The dresS of its registered Offi is: 51 Newall Terre mfries t1 ILN These financlal ststements wwe auth)rlsed isyje by the trustees on 27 November 2025. 2 ACCOUNTING POLICIES mmary of slgnlflcant accountlng pollcles and key accountlng estlmates The prinopal accounting polioes applied in the prepardtion of these finamal ststements a set out low. These pcAicies have teen cOnysttty applied to all years wesented, lIe$S otherwlse stated. statement of compliance The finarrial statanerts have been epared In (orn1an with FRS 102, Tr Financial Retx)rting standard applicable in UK and the Rewbloc of IrelaThJ', StsteMt of Recommend Practi applicable to chanties prepari thr atr(yJnts in with the Nnawal Reporting Standard appliixble in UK and RepLI)lic of IrdarMI (FRS 102) (ljontles SORP (FRS102)), the Charities and Trustee Investment (Scotland) Act 2(5, Charitles Acc(NJnts Regulatior6 20( (as amerKled) and C(Nnpanies 2006. Basls of preparatlon RH Dumfrie5 and Galk)way Countryside Iniliabve rrs definitiw of a public benefit entity under FRS 102. Assets and liabilities are initialty recognised at historical cost or transaction value unless otherwlse stated In the relevant acctyJntlThJ Nes. Going concern The trustees conslder that are rn mat1 uncert3lntles about the charivs abilty to ConnUe as a going corKern any sigrificant areas of uncwtsinty that affect the carying value of assets held by the tharlty. li-
RHET DUMFRIES AND GALLOWAY coupmtYSlDE INrtlATIVE COMPANY UMrrED BY GUARArirEE NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (CONTINUED) 2 ACCOUNTING POLICIES (contlnued) Income Voluntary inc(xne indLMliw donations, gift5, legaoes and grarbts that wovide oxe funding or are of general nature is rec(NJnised when the tharity has enb"dement to the income, it Is probable that the Income will be r1Ved and the arYKMJnt can Meas th suffioent reliaLMlity. Donations and grants a rnIsed on a reLevatrAe basis wl*n receipt Is wobaLde arKI the anTh)unt can be lIablY rsUred. Investment income is accolmted for in the 0d in whith the tharity is entiua to receipL IrOme from tharitable acbvides Is rec(¥3nised Ce tharity has entidement to the Inco, it IS probabk that the in0e will tt receved aThY I amlxrt of inc( reI)rab can be measured reliably. Expendltur¢ All expendlture Is recognlsed On Ijre Is a legal or construth otAlgaUon to that expenditure, it is probable setdement Is requlred and aMot (an te measured reliably. AJI o)sts are allocated to the applicaLAe eyThJlture headlng that aggregate MIlar costs to that categ)ry. Where costs cannot be dlrectly attributed to partlojar headirwjs ty l¥ave allocat on a basls consistent with the use of resour( These are costs in0Jed in attractirvJ voltary Inc(ne and those incurred in tradlng acbvlties that ralse funds. Charitable expenditure comprises those {lS irKllrred by the charity in the dellvery of Its artIeS and seNices for its nefiCiaries. It Ind both costs that (zn te aIknc3t directy to sud) activlties and those costs of an lTrJirect rtature necessary to SL4)P)rt t. Governance costs These ile ts (fjsts attributable to tharivs (xjmprlan with con$tUtiOnaI arKI statutory requirements, induding aCnr1 fee5, Iendent examination fee5, trustee5 expenses and legal and professional fees. -12-
RHEf DUMFRIES AND GALLOWAY COUNTRYSIDE INITIATIVE COMPANY LIMITED BY GUARAKfEE P40TES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (CONTINUED) 2 ACCOUNTING POLICIES (¢ontlnued) Taxation The charfty fjs consldefftl to pass the tests set out in Paragratth I 5ddUle 6 of Ffjnan Act 2010 and therefore It meets the definIon of a d)aritable company for UK corporatlon tax purposes. Accorélngly, the charlty Is wtentially exempt from taxa in respett of IrMe or capltsl oalns r1Ved wlthln categories covered by Chapts 3 Part 11 of the Cortx)ration Tax Art 2010 or Sectfion 256 of the Tèxation of charge3te Gains A(t 1992. to extent that swh income or galns are applied exdusivdy to tharitsb pur[e Tanglble Ilxed assets IndIdUal flxed assets costing ÉIW.LKI or nK a initialty reconw at cosL Dewttlatlon and amortisation Depreclatlon Is provlded on tsngible fix assets so as to wrifr off the cost or valuation, less any estbmatsd dUal valLE, over tsir eXtal useful ecorw)mic life as follows: Asset da$s Depredatlon method and rate Fumitwe and equiprnent 25% straight line ant and machlrry 20% rlUng balan Trade debtors Trade debtors are amounts from atstfftrs for mw(tsndise ld or serViS perfomed in the ordinary COLJrse of busines& Trade debtors are recogrN5ed irytral at transacthjn price. They are subsequenljy measured at am0'sed cost Using the effective intet rnet, kn wowson for impairment. A provislon for the impaiment of trade debtors is estsblished when ttre is cVe edere that the charity will not be able to collett all amounts dLE aC£(YdiThJ to the ¢xlnal tems of recelvable& Sh and cash equlvalents Cash and cash equlvalents comwise (2sh on haThl and call (kF)stts, aThJ other short-term hlgNy liquid investments that a readity overtIble to a kr afTwnt of (a%h and are subprt to an inslgNfithnt risk of charvje in vaue.
RHFf DUMFRIES AND GALLOWAY coupmiYsiDE INrriATIVE COMPANY LIMITED BY GUARANTE E t40TES TO THE FIIIANCIAL sfATEMEKfs FOR THE YEAR ENDED 31 AUGUST 2025 (CONnNUED) 2 AccouKfiNG POLICIES (contlnued) Trade cred1$ Trade credltors are otAlgatIor to pay for g(5 sejvices that have been aquiwj in the ordlnary course of business from suppliers. AOUnts paYae are da55ifie(l as current liaLM'lities rf the d)aNty es not have an uncondltk)nal rfght, at the of the repong period, to defer setdement of the uedltor for at least tMlve months after the date. If there is an unCdItiOnal right to defer sewement for at least trAve months after the reThJ date, tW are kyesenbj as non-current liabillties. Trade ueéltors are recognlsed In6tlalty at transaction and SLenty measured at nomsed cost uslrKJ the effective interest meth(. Fund structure Unrestrlrted Income funds are general that are èvailaLle for use at the trust dlscretion in fvrtherarnE of the obJectNes of the tharity. Restricted income fwds tFM)se Ilonated tr use in a particular area or speafic purposes, the use of whi(h is restricted to that area purpose. Financial instruments Flnandal assets aThJ flrkindal IkibS1tties are recogni5ed Wh tr d)arity LEcomes a paty to the contrartual pro510n5 of the instrument. naral liabilitses are dassified xcordlry to the substsn of the contractual arrarrfJeMts entered In All finanaal assets arKI liabilities are inlbalty measur1 at transattion prf {IlUdIng transaction costs}, except for those financial assets da55ified as at fair value through fit or loss, whlch are Inltially measLred at fair value (whKh is rN)mialW the trdnwtion pri(E exduding transacuon costs), unless the arraement consututes a flnarwj transaction. If an an7ryment constitute5 a finandng transaction, the finanoal asset or firk4ncial lialy'lity Is nwswed at the present value of the future payments (bscouftted at a market rate of interest for a slmlkr debt Instrument. Flnanclal assets and llabll1eS are onty offset In the statement of financial tIon when, and onty when there exists a legally enfOrble right to set off the recognised amounts and the charity Intends either to settte on a rt basis, (Y to realise the asset and setue the Ik3t411ty sImultaO$1y. Financial assets are dereccgnised when aThJ 0Y a) the a)ntrathl rfghts to the cash flows from the firkancial asset eX're or are settled, b} the charity transfers to arKither party substsntially all of the risks arml rewards of ownership of the finamal asset, C c) the tharity. desFMte having retained some, but mt all, signifi(7nt risks and rewards of ¢Y•¥rwslNp, has transferred control of the asset to arther party. Rnarwjal Ilabille$ are threcognls&J when the obligation sre(ifd in contrart Is dIschary, rArKelled or expires. 14-
RHET DUMFRXES AND GALLOWAY COUNTrYSIDE INttIATniE COMPANY LZMITED BY GUARAt4TtE NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 AUGUST 2025 (CONTINUED) 3 INCOME FROM DONATIONS, LEGACIES AND GRAritS RECEIVABLE Unrestricted Restrlcted General funds Total 2025 Total 2024 Donations arKJ aOes. rx)nations 4 114COME FROM CHARrrABLE ACTivrrIES Unrestricted funds General Total 2025 SponsorsNp 5 1NVEsfMENf INCOME Totsl 2025 Total 2024 General Interest receivaEAe and similar irKome; Bank interest recelvable O EXPENDrnIRE ON RAISING RINDS a) Costs of generatlng donations and legxles Total 2025 Total 2024 General Unrestricted fundralslrrtj costs 610 15-
RHEf DUMFIUES AND GALLOWAY COUNTrYSIDE INTtIATKVE COMPANY UMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (CONTINUED) 7 EXPENDITURE ON CHARITABLE AcfiviTIES Total General Rastricted 21)25 Total 2024 Insurance Repair5 and renewals Telephor Printing, aTrJ stationery Hlre of other assets Swdry exper$ Motor expenses Bus hi Depreaation of offi equipment Subcontractors Depreclalon of ant and rnadnery Governale o)sts 442 135 170 2,118 2,118 147 147 6,480 3,229 3,800 2.074 1,103 3,021 1,103 3.021 1,995 1,995 697 150 697 150 410 2,305 4,502 376 4,502 376 5,315 420 16-
RHEf DUMFRIES AND GALLOWAY COU14TrYSIDE INITIATIVE COMPANY LIMITED BY GUARApifEE NOTES TO THE FINANCIAL sfATEMENfs FOR THE YEAR ENDED 31 AUGUST 2025 (CONTINUEO) 7 EXPENDrruRE ON CHARITABLE ACTivrtIES (conllnued) tn addltlon to the experKilture analy5ed atK)ve, the a dso emar costs of £376 (2024 - £420) whlch relate dlredly to charitsble acb'Mtie& See trte 8 for further detsils. 8 ANALYSIS OF GOVERNANCE cosrs Governance costs Total 2025 Total 2024 e[rent examlnerfs fees Independent examin*s fees 376 376 420 376 376 420 9 NET INCOMINGIOUTGOING RESOUR Net outgoirvJ resources for year 2025 2024 Depreciation of fixed assets 17-
RHEf DUMFIUES Af4D GALLOWAY COUNTRYSIDE INMATIVE COMPANY LIMrrED BY GuARA1E NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2025 (CONTINUED) IOTRusfEES REMUNERATION AND EXPENSES Durfng the year tt d)arity ma(k fdrWj with trustees.. Miss M Beattle £150 (2024: £247) of expenses vme rdmblY to Mlss M attle the year. These related to expenses for CtyM)lttee meetings. Mr R G Sommerville £37 (2024: £39) of expenses were 1mbur$ed to Mr R G knmeMlle duriro the year. These related to meetlThJ and fud eXe5. Mr H W Mcclymont £nil (2024: £239) of exFenses were re1mr$ed to Mr H W Mcaymont during the year. These related to ewses for premises hire to ccfidLKt inteNews, travd, and generator hire for the summer show. MrAJ Kerr E304 (2023: £155) of expenses were reimlr$ed to Mr A J Kerr dIng the year. These related to leang glfts for the outgThrKJ proFrt Cr•)rdlnatr. No tnjstees, nor any persons connected with them, received any remunerdtion from the thaty durlng the year. No trustses have r1Ve any oth¥ LEfits fr1 tt)e duriro year. Trustees lThJamnlty 1rtsurar tOling £337 (2024: £442) was paid by tt drity. IISTAFF NUMBERS The average rwmbw of persons employed ty the charity, duriThJ the year wa5 0 (2024: 0) 12TAXATION The tharity is a regISte dwrity aThl Is exempt from iaxatson.
RH DUMFRIES AND GALLOWAY COUIfflIYSIDE INrriATIVE COMPANY LIMrrED BY GUARApifEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2025 (CONTINUED) 13TANGXBLE FIXED ASSETS Furniture and equipment and machlnery Totsl Cost At I SeptemLv 2024 At 31 August 2025 Depredation At I September 2024 Charge for the year 9,697 11,145 At 31 Awust 2025 Net book value At 31 August 2025 At 31 Awust 2024 14DEBTORS Z025 2024 Trade debtors PrtpayTnents 35) 758 1,050 155 -19-
RHEf DUMFRIES AND GALLOWAY COUNTRYSIDE INITIATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (CONTINUED} 15CREDITORS: amounts falling due within one year 2025 20Z4 Trade creditors Accruals 55 65 300 395 365 16 OBLIGATIONS UNDER LEAW AND HIRE PURCHASE CONTRACTS Operating lease commitments Totsl future minimum lease paynnts urmler nae47te operatiro leases are as follows: 2025 2024 other Within one year Between one and flve years 1,620 6,480 A totsl of £6,480 (2024: £6,480) lease paYnts haNe teen recognised as an expense in the statement of FinarKial Attivitie&
RH DUMFRIES AND GALLOWAY couiifRYSIDE INrrIATIVE COMPANY UMrrED BY GUARANTEE NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (C014TINUED) 17FUNDS Balance at Balance at 31 August 2025 September 2024 Income ExpelIre Transfe Unrestrfcted un$tritted Ina)me 63,680 14,999 (13,%0) (830) 63,889 Restrlcted Pick-up sponsorship Killgailloch Wind Faryn Holywood trust grant Total restrlcted 1,750 (6,480) 830 1,000 830 Totsl funds 16 749 An amount of £830 was transferred at the year end from unrestrlcted funds to the pidc-up sponsorship restrKted furKI to cover costs for proiert atyjve the restr(tted Income recelved. Balance at I Balance at September 31 August 2022 2024 Income Expwxliture Unre5trlrted fvnds Unrestrltted income 2,762 {16,836) 63,680 Restricted Pick-up sponsorship Killgaill(xh wi[ Farn Hdywo(* tntst grant Total restrirted funds 8,630 1,750 (6,480) 3,0 I,0 Totsl funds -21-
RHEf DUMFRIES AND GALLOWAY COUNTrYSIDE INMATIVE COMPANY LIMITED BY GUARA14TEE NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 AUGUST 2025 (CONTINUED) 17 FUNDS (contlnued) The speclfic purtM)se5 ts whith the furK15 are to be apFlieAJ are as follows.. The fvnds for the ck.uP st1p were Yece4veJJ from bx31 suFwtws, to assist with the lease hire costs of the pick-up. The Killgallloth Wind Farm fuThJs were received for use to facilitate F(KKY and Farmlng Days for Stranraer Academy and Dougl Ewart High pupil The Holw)d Trust three year grant was to cover costs of bus travd. This was iritially over a 3 year peri&J WinrNng in 2020 but was dekiyed a year dL to restrKtions. The grant pmmder has given permIssi( for fuThJs to te carried forward arml us8J after the fundiThJ peri(J ended. 18ANALYSIS OF NET ASSEfs BEtWEEN FUNDS Total funds Restricted at 31 Au9USt funds 2025 General nds Tangliqe fixed assets Current assets Current Ilabllitles 19,399 44,885 395 19,399 48,599 395 3,714 Totsl net assets Totsl funds at 31 August 2024 funds Re5triLtsI funds Tangllle flxeé assets OJtTent assets ent liabilities 24,598 39,447 365 24,598 49,056 365 9,609 TO net assets 19 RELATED PARTY TRANSAcfIoNS There We no relatsd party tranSl0n5 in the year.