Comp•ny r•gi•tratlon Dumb•r SC1787S1 (Scotlandl Charlty r•glitr4tlon numb•r SC040687 (Scotland) THE SCOThISH VINTAGE TRACTOR AND ENGINE CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trusteos MrA R Davidson Mr l A Goodfellow MrMRGow rA Gneve Mr G Hallyburton MTS M C Hallyburton Mr D R Heeps Miss D Keane MrAJNaim Mr J Naim Miss R C Naim Mrs MA G Urquhjrt MIA E Walker Mr 8 J Williamgon Mrs 8 F S Heeps 3•cr•tary Jane McD¢)wJll Ch•rlty numb•r (Scotlandl SC040667 Company numb•r SC178751 R•gl•t•r•d offl¢• 1 Dashwood sqr• NeOn Slewart Wiglown$hire OG8 6EQ Ind•p•nd•nt •x•mln•r John SImpn FCA Monlpelier Professional IG•llowayl Limitod 1 Dashwood Squar• Neon Stewart DG8 6EQ 8•nk•rn Vlryin Money 83 Vidona Street Newton Stewart DG8 6NL
THE SCOThISH VINTAGE TRACTOR AND ENGINE CLUB CONTENTS P•g• Trustees. report Statement of Tru8lees' reSponbIt•S Independent •xaminerf$ r•port Slalement of financial •ctivrtie8 Balance sheet Notes lo the financial ststem•nts 8-16
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees Iwho are also directors of the charity for the purposes of Company Lawl present their report and financial statements for the year ended 31 October 2025. The financial statements have been prepare(I tn aOrdan with the accounb.ng poli¢ies set out in note 1 to the finan¢ial statements and comply wrth the chènty's Memofandum and Articles ol As50¢1ation, the Charrtie8 and Trustee Investment Iscotlandl Act 2005, the Charrties Accounts Iswtlandl Regulations 2006 las amended) and Accounting and Reporting by Charits#$. Stslemenl of ReMMended Practsce applicable to ¢harilies pparing Ih•ir accounts in accordance with the Financial Reportsng Stsndard appIlble In the UK and Republic of Ireland IFRS 1021 lefflive 1 January 20191". ObJ•ctlve¥ and •ctlvltl•8 The charity's objects are lo carry on in the Unrted Kingdom and elsewhere the business or busine5$ of adv8nclng agricultural education. hentage and culiure by organi$in9, promotsng and encouraging the preservation and worklng ol vintage tractors. engines and other rtems of agricultural and industnal machinery." organising. womoling and $ponsonng rallies. games, sporting events. competitions. and di$plays'. and doing •ll thing8 incidental and anlIary lo the organisalion. promotion. sponsorship and preservati¢)n of vintage tractors. engines and other items of agricultural and industrial machinery •noll•ry or relat•d thereto. In addition to the F•rmin9 Yesteryear annual Ralty, the Club hdds ploughlng match•8, open Doy• •nd other ev•nts throu9houl the year. The ITU8tees have referred lo the guidance contained in the Offiee of the S¢'sh ChaTIty Regulabjr's general guidance on public benefit when reviewing their ooie¢ts'ves and in plannin9 their fvture actsvibes. In p¥'Gular. thè Iru$l¥es consider how planned aclivits•$ will contribute lo the obltiveS they h•ve s•1. Gr8nt m8king policy Thè Charity ¢Joe$ not distribute grants. Achl•v•m•nts and p•rlorm•n¢• Signilffcanl octivities 8nd achievements against 0ty8CtNes The ngw Club venue al ArdgiLzean ha$ proved beneficial and members are enjoying the new shed and facilities The Op•n Day, Christrnas Crank Up and other evenlg held at Ardgilzean have been popular and well supported. Successful Pkughing Matches. Open Day. Vinlage Tractor R¢ Run, Engine Days and Famiing Yesteryear Rally all look place thi# year. All èvents Ire well supported •nd the Fam7ing Yestery•ar Rally visrtor attendance wa8 UP a little The TN$tees plan lo grow on the success of the 2025 eventg. Flnanclal r•vl•w The charity operated at a surplu$ for the year of È12,28212024 deficjt.. £6.469I. Unreslricled funds 11 the end of the financial ygar were £82.71412024' £70.432I. ReseNes policy 11 is the policy of the charity that unrestricted funds vhich have nol been invested in fixed asset5 and which have not been de51gnated for a 5pecffic use shoulo be maintained al a level equivalent to and six rnonlh'$ expendrture lestimaled al £37.0001 The Trustees ¢on$iders that reserves at this level will erbsure that. In the event of a significant drop in funding. they %wll be able to continue the charity's cufTeni activrties while consideration is given lo ways In which additional fvnds may be raised. Thi$ level of reserve5 was £82.714 •1 the year eno which is in excess ol the policy. and therefore the trustees consider tre ¢harity a going concern.
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Investment policy Under the Memorandum and ArtKles of Associaln. the tharity has the power to make investments wthich the Trustees See fft for the lurtherance of the obie¢tNe$ of the thanty. Mgjor nsks The Trustees have assessed the major risks to the charity is expoaed. and are satisfied that sy8lem8 arg in place to mitigate exposure lo the major risks. Plan# lor futur• p•rlod• The Iruslees plan lo continue to promote the objeth.ves ol the charity by holding ploughin9 matches. open days, charity tractor road run. annual Fanning Yesteryear Rally and monthly tslks during the autumn and wnter months. Structure, go¥•man¢• and manag•m•nt The ehanty Is a company limited by guar•nlet as d•fin•d by the Comp¥nitr$ Act 2006, incorporated on 111h September 1997. The Company was eslabli$hed under a Memorandum and Articles of Association. The Clympany amonded ils Memor*ndum and Artb'cles of AS$1111n on 17th July 2009 to ¢0m¥ a charity. The Scottish Vintage Tractor and Engine Club is exempl from the fequiTemenl of Part 59 of Ihe Companies Act 2006 Ilhe requirement for a limited Company to include the words -limrted" or 'rtd" in Its namel, al il meets the exception requirements as stated in Parts 80 and 82 of the Act. In the event of the company being wound, mémbers are required to contribute an amount not exceeding £1. The Trustees. are also the dire¢tors for the purpose of company law, •nd who Mrved during the year and up to the date ol signature of the financial $tatgments were.. Mr Alan Blair IRe$igned 6 November 20251 MrJWR8rown {Resiqned 29 Decemb8r 20241 Mr A R Davidson Mr l A Goodftsllow MrMRGow Mr A Grieve Mr G Hallyburton Mrs M C Hallyburton Mr D R Heeps Migs D Keane MrAJ Naim Mr J Nairn Miss R C Naim Mrs M A G Urquhart MrA E Walker Mr B J Williamson Mrs B F S Heeps R8crurtment and appointment oltruslees The directors of the company a also charity trustees for the purpose of charity law and under company, Article8 are known as Members of the Managemenl Committee. Undef the requirements of the Memorandum and Articles ol Association the Chaiman and other members of Ihe Management Committee are iecruited frryn the membership and appointed al the AGM. They are usually member5 of long Standing in the organi5alion There 18 no re5tnction how long they serve. but the Chaiman does not nomially hold that position for more than three yeaTS.
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Organisalional structur8 The Management Committee of the chanty meet on a m¢)nthly basis to make de¢i$ion¥ on all levant issues. There are also monthly Open Meetings. Wrth the exception ol the summef months, lo which members are inviltsd where they are kept up lo dale with ents. but they do not make de¢Trsion$. major decision$ relaling to policy or the structure of the oiganisalion are made at the AGM or a EGM wll be Called if the matter 1$ urgenl. The day lo day Nnning ol the chanty is mainty Conducted by the se¢retaryrrreaJurer. vkno refers d8Gision making i¥$ue¥ to thè Management Committee on a monthly basis. Induction 8nd If8ining of InJslo05 Most Iruslee$ are already familiar wrth the pracbe81 work of the charity Prior to CoMIng 8 re9isler•d charity. the Secretsryrrreasurer advi all mernbgr¥ ol the management Committee of their legal responsibilities and issued every member with a ¢opy of the Office of the Scottish charity Regulator IOSCRI document relatin9 to the respon81billlies ol a r•gisler•(l ¢hanty Management Committee Member. The TN$tees' report was approved by the Boar(l of Tru$t•e$. Jane McDowall S•cr•t•ry Dalg..
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB STATEMENT OF TRUSTEES, RESPONS181LITIES FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees. who are also the directors ol The Scottish Vintsge Tractor and Engine Club for the purpose of company law, are responsible for prepaftng the TnJslees' Report and Ihe financial stslemenls in accordance with applicable law and United Kingdom A¢untIng Standards {Unrted Kingdom Generally Aceepled Accounting Practicel. Company law requires the Trustee$ lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the chanty and of the Incoming resources and appliGats'on ol rg$ource$. inciuding th• income and expendrture, ol the charrtable company for that year. In Pfeparing these financial statements. the Trustees a requirgd to.. sel•ct suitable accounting policie5 and then apply them consistently.. observe the methods and pnnciples in the Chantres SORP". make judgements and estimales that are reasonable and prudgnl.. state whether applicable UK Accounting Standar(Is have been followed, subject lo any material departures disclosed and explained In the financial statements. and prepare the financial slalements on the going concem b•sis un33 tt 1$ inapproprfate to presunw that the ¢harlty 11 Continue In operation. The Trustees are responsible for keeping adequate auntsn9 records that dis¢lo$e wth reasonable acctJracy al any lime the financial posrtion of tht charity and enable them to Insure that the financial $latem•nls comply with the Companifj$ Act 2006, the Charities and Trustee Inv•$tment Iscotlandl Act 2005 and the Charities Account8 Iscollandl Regulations 2006. They are also sPonSible for safeguarding the a$sels of the charity and henGe for takin9 reasonable steps lor the prevenbon and detectson of fraud and other irregularrti•$.
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ScOlSH VINTAGE TRACTORAND ENGINE CLUB I report on the financial statements of the charity lor Ihe year ended 31 October 2025, Ithich are yèt on pages 6 10 16. Res¢11¥9 rgspon•lblllti•• of Tru¥t••• and •xamin•r The chanty Iruslees (who are also the directors of The Scottish Vintsge Tractor and Engine Club for the purposes ol company lawl are responsible lor the pparab"On of the finanual slatgments in accordance wth the terms of the Charities and Trustee In¥e5trnent Iscotlandl Act 2005 and the Charth'es A¢UnIS {S¢oand} Regulations 2006.The charity Trustees consider that the audrt requirement of Regtjlalion 1011llaFlcl of Ihe Charttie$ Accounts Iscotlandl Regulations 2006 does not appty. 11 is my re¥pon8ibility to gxamine the financial statements as fequirnd under sects'on 4411}l¢l of thg Charities and Trustee Investment (Scollandl Act 2005 and to slate whether pl"¢u1#r matters have come to my •tt•nlK)n. Ba1• of Ind•p•nd•nt •x•mln•rf• •tst•m•nt My examination Is carried out in accordance wlh Regulab'on 11 of the Chanbes Accounts (Scollandl Regulation$ 2006. An examinalion indudes a review ol the a¢¢ounling records kept by the charity and a compan9 of the financial slalemenls presented those rerdS It a150 include5 consideration of any unusual item$ or disclo¥uro¥ In the financial statements, and s•eking explanatsons from the trustees conceming any Such matters. The procedures undertaken do not provide all Ihe evidence that would required in an audit and consoquently I do not 9Xpre an audrt opinlon on th• view grven by the finanryal ¥tst•ments. Ind•p•nd•nt •xmln•rf• •ttsm•nl In the course of my examin4tson. no matter has me lo my ten)n 1. which gives me reasonable cause lo believe that in any material Tesptrcl the r•quiremenls.' lo keep accounting recofds in accordance wlh Secb'on 4411 Ila) of the Chanlies and TTusI?e Inve8trnent Iscotlandl Act 2005 and R•gul•tion 4 of the Charrti•s Accounts (Scotlandl Regul•lion$ 2006, and lo prepare financial statements which accord wth the accounting rn¢ord$ and compty th Regulallon 8 of the Charities A¢count$ (Scotlandl Regul•ts"on$ 2006 h•ve not been met, or 2. to which, in my opinion, att¢ntKn should be drawn in order lo enable a proper undèrstanding of the financl41 statem•nt$ to i•ached. John Slmp•on FCA Chart8red Accountants Ireland Montpelier Prgfessional IGallowayl Limited 1 Dashwood Square Newton Stewart DG8 6EQ Date.. JJJ.-12&...
THE SCOThISH VINTAGE TRACTOR AND ENGINE CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2025 Unr••trlcted fund• 2025 Unro•trlcted fund• 2024 Incom• •nd •ndovbTn•nts tn>m: Donations and legacies Charitable a¢livitie¥ Other trading activities Inve51menls Olh•r income 2,983 79,393 3,755 622 334 3,234 69,829 11561 717 1.383 Totsl Incom• 87.087 75,007 Exp•ndltur• on.. Charitable a¢li¥ilies 74,805 81.476 Tot•1 •xpgndltur• 74,805 81.476 N•t Incom•ll•xp•ndltur•l and mw•m•nl In fund• 12,282 16.4891 R•¢on¢lllat5on ol lund•: Fund b•l#ncei 411 November 2024 70,432 76.901 Fund b•l•n¢•• •131 O¢tob•r 2025 82.714 70.432 Th• statement of finanwl activitiès includes •1194lns and losses recognssed In the year. All in¢omé and expenditure derive trom contsnuing activities.
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB BALANCE SHEET AS AT31 OCTOBER 2025 2025 2024 Nots¥ Curront a•••ts Stocks Debtors Cash at bank and in hand 16 17 1,139 2.336 82.800 918 2,489 67,725 88,275 71,132 Crgdltorn: •mounts f•lllng dug wlthln one ygar 19 13.5611 17001 N•t ¢urT•nt a•*•ts 82,714 70.432 Th• fund• ol th• charlty Unrestricted funds 20 82,714 70.432 82,714 70.432 The company 1$ enlilled lo the exemption from the audit requ1ment contsined In etitin 477 of the Companies Act 2006. foi the year ended 31 October 2025. The director5 a¢knovAedge thèir responsibilitiès for complying with the requirements of the Companies Act 2006 with resp8¢1 lo accounting r•cords and the prfjparatyon of financ1 sL8lemenl$. The members have not required the company to obl•in an audit of its finandal $t•lements for the year in question in accordance wth secbon 476. These financial slalemenls have b•en prepared in accordance the provisions appllcable to companies subject lo the small companies regime. The financial slalemenls were approv by the Truslees on ...... /,12L Tru•t••
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accountlng pollclos Charlty Inforn)atlon The Scottish Vintage Tractor and Engine Club is a private rnpanY limited by guarantee incorporated In Scouand. The registered office is 1 Dashwood Square. Ne0 Stewart. Wigtownshire. DG8 6EQ. 1.1 Basls of pr•p•ration The fin8n¢ial $latements havt been pr•par•d in a¢¢ordance the th4rity'8 gov•ming document. the Companies Act 2006 the chare5 and Trustee Inveslment (Scotlandl Aet 2005, the Charities Accounts IS¢ollandl Regulations 2006. FRS 102 "The Finantyal Reporting Standard applicable in the UK and Republi of Ireland" an¢J the Charitses SORP "Accountsng and Reporting by Chantses." Statemtnl of ReMMended Practice applicable lo ¢haflties preparing thtir accounts in acwrdan¢e wth the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021" Th• ¢hanty is a Public Bèntrfrt Entity as defined by FRS 102 The charity has taken advantage ol the prov11n$ in the SORP lor ¢h4ntiei not to prepare a ltatwnenl of ca8h flows. The financial statements are prepared in ¥t•rfing, vthich is the lunctional curren¢y ol the Chaty. Monetsry amounts in thesè financi41 statemen18 are rounded to the neare#t £. The financial statements have pr¢pared under the historical c05t ¢onvention. Th• prlncipal accountsng policies adopted are set out below. 1.2 Golng ¢onc•rn At the lime of approving the financial $talemenl$. the Trust•es have a reagonable expectstson that the eharfty has adequate resourc•$ lo continue in operational exisience for the loreseeable future. Thus the Trwlee3 continue lo adopt the going nCern basm ol accounting in pr•parin9 the fin4neAal ststements. 1.3 Ch•rltsbl• fvnd• Unreslncled funds are available for use at the diseretson of the Tru5tee5 in fvrtheran¢e ol their charitable objeGII¥•s. Restricted funds are subject lo specific conditions by donors or gfanlors as to how they may b uyed. The purposes and of the r•$tn"ct•d lundi ar• s•1 out in th• notos to the finanol $Lgl•m•nts. Endowment lunds are subject to specthc condrtions by donors that the caprtal must be malnlalned by the harsty. 1.4 In¢om• Income Is recogniged when the charity Is legally enlilled lo tt after any perfomance conditions have been met. the amounts can be measufed reliably. and it 1$ probable that income wll be received. Cash donat5 are fecognised on receipt. Other donations are recogrii3ed once the ch4rTty has been notified of Ime donation. unless perfomHnce Conditn$ require deferr¥l of the amount. Income tax recoverable in relation to dor*alions received under Grft Aid or deed5 of covenant Is recognised at the tsme of the donatson. Legacies are r•cognised on rnceipt or othemse sf the charity has been nob.fied of an impending distributson, the amount Is known, and receipl 1$ exp8cted. If the amount 18 not known. the legaw is treated as ¢onting•nt a$$et. 1.5 Exp8ndltur• Re50ur¢es expended are in¢lud8d in the Statement of Financ1 A¢b"vth'es on an 8rual$ basis. inclusive of any VAT which cannot be recovered.
THE SCOThISH VINTAGE TRACTOR AND ENGINE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Accountlng pollclo• IContlnu•d) 1.6 Tanglbl• flxod a8•0ts Tangible fixed a$$ets are initially measured at eosl and subsequentry ffasur•(l al cosl or valuation, nel of depreciats'on and any impainnent los$e¥. DepCiall0n is recognised so as to wrile off tho ¢o$t or ValUatn of assets less theii residual values over thoir useful lives on the followin9 bases.. Plant and equipment Computers 20% on straight line basis 33% on ¥traight line basis The gain or loss arising on the disposal of an asset Is detemined as the differenrx befvleen the sale Pfoceeds and the carrying value of the asset, and i¥ r•¢ognised In the stslemenl of financial aclivilie¥. 1.7 Stock¥ Stocks a slated al the lower ol cost and estimated selling price l•$• eosl8 lo complete and $•ll. Cost comprises direcl malenals and. Whe applicable, direct labour eoslg and those overhead$ that havé beèn incurred in bringing lh8 stock5 to their present locabon and condition. Itemi held lor di8lribulion •1 no or nominal conslderalion are measured the lower of replacement cost and cost. Nel realisable value 15 the èslimaled 8ellSng prlce less all 8slim•i•d ¢osts of completlon and colts lo b• incurred In markebng. selling and dislribution. 1.8 C•h and c••h •qul¥•lonts Cash and cash equivalents include ¥h In hand, depoJrt8 held al call wlth banks. other short-lorm liquid inve¥trnents wth original malunbes of three months or leu, •nd bank ov•rdraft$. Bank overdrafts are shown within borrowings in current l¢abiliti"es. 1.9 Flnanclal In•trumonts The ¢hanty has elected to apply the pffjvisions of Section 11 '8a&c Financial Inslrumonts, •nd Stction 12 'Other Financial Instruments 15$ues' of FRS 102 to all of its financial Instruments. Financial instNment¥ are ieco9nised In the chanty's balance sheet vthen the chadty becomes party lo Ihe Contractual provi$ior$ of the instrumènt. Fir¢ancial aBset8 and liabilrties are offset. the net amount8 presenled in the fin•n¢ial slatment$, when there is a legally enlorceable ri9ht 10 Set off the recognised amounts and there is an intention lo settle on a nel basi$ or lo realise the asset an¢J settle the Iiabilrty simullaneousjy. 80$1¢ fln•n¢l•l ass•ts Basic financial assel$. which indude debtors and cash arKI bank balances, are initlally measured at transaction price including tran¢tiOn costs and are sub$equefiUy Med at amortised c05t using the effective inteTesi method unless the arrangement constitute5 a finanung Iransaclion, %there the transaction is rneasured at the Pfesenl value of the luture receipts discounted al a market rate of interest. Financial assets classified as receivable wrthin one year are not amortised.
THE SCOThISH VINTAGE TRACTOR AND ENGINE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 AccounUng poll¢l•• {Contlnu•dl Basic flnancl•l Il•bllhl•J Basic financial liabilities. inclufjing creditors and bank loans are initsally recognised al transaction price unle¥¥ the arrangement constitutey a financing IransaclK)n. where the debt instrument 1$ measure¢J al the present value of Ihe future payments dI$Unted at a markel rate of interest. Fin•ncial liabiliti•$ classifiod as payable wrthin one year are not am0.$. Oebt instruments are Subsequenlty carried at amorb'sed co¥1, using the effecty.ve interest rate m8lhod. Trade creditor5 are obligatsons to pay for goods or $ervice¥ that have been acquired In the ordinary course of operation¥ from $upplier$. Amounts payable are ¢lassthed as current liabilitie$ Il payment is due within one year or less. 11 not, they are presented as non-current liabilrties Trade ueditors are recognised Initially al transaction price and subsequ•ntty m¢4¥urèd at amortied cost using the effective intsreil method. Derecognltlon of fln•ncll 114bHftI•• Financial Iiabi1rt1•5 are derecognised when the chanty's contraclu81 obllgalions expire or are dlscharged or c•n¢elled. 1.10 Employv n•t8 The cost of any unused holiday entAi•m•nt ts recogni3ed in the period in which tho employe•'$ rViCeS are received. T•nnin•ts'on btsnefft$ are recognimd immedwtsly as an expense when Ihe thanty is demonjtrably commltted lo terminate thè tmploymenl of an •mploy•e or tt> prowde iemiin•b"on b•nefftJ. Crltlcl ccountlng ••tlmat•• and ludg•m•nl• In tr)e application of the charity's •¢counting polithes. the Twgtees 8re lre to make judgemenl8. estimales and assJmptions about the carrying amounl of assets and Iiabililies that are not readily apparent from other soUe$. The esiimales and asgocialed assumptions are bayed tsn hisioncal exp•rienc• and olh•r factors that are nsIdered lo be relevant. Aclual Tesulls may dffter from these eslimales. The eslimales 4nd underlying as¥umptson¥ are revIevd on an ongoing tsas R•vision$ to accounting estimates are recognised In the penod In wtti¢h the eslimate iy revised where the revision affects lY that penod. or in the per1[ of the revision and luiure yriods v*here the revision affects both current and fvlur• penods. In¢ome from donatSon# ind l•g#cl•• Unr••trl¢t•d Unrgstrictod fund¥ fund¥ 2025 2024 Donations and gifts Membership fees 579 2.404 2.392 2,983 3,234 10-
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Incomfj from charltsbl• •¢tlvltl Unr••trlctsd Unr•strlct•d lund• funds 2025 2024 h•rlty Incom• Ploughing matches Rally in¢om• 1.054 78.339 1,028 68,801 79,393 69,829 In¢om• from oth•r tr•dlng •ctlvld•• Unr••trlct•d Unr••trlct•d fund• fund• 2025 2024 Fundraising evènt$ 3.755 11561 Incom• from In¥••lm•nts Unrn•trlct•d Unr••trlct•d lunds lund¥ 2025 2024 Interest receivable 622 717 Olh•r In¢orn• Unrnstrl¢t•d Unr••trlcted funds fundi 2025 2024 Sundry in¢ome 334 1,383 11
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Exp•nditurn on chrltsbl• •ctlvlll•8 Runnlng Club 2025 Runnlng Club 2024 Dlrn¢t costs Sundry expenses Truslee$' honorarium Secretarial costs Rally expenses Ploughing expenses 1.611 300 2.400 60.962 187 1.672 300 2.400 88,976 622 65.460 73.970 Grant lunding of ath'vities (Me nole 91 3.480 2,800 Shar• of •upport Jnd gov•rnnc• c¢xts Is•• nol• 101 Support GovemAnc• 4.152 1.713 3,490 1,216 74.805 81,476 An•ly•l• by fund Unreslricled fvnds 74,805 81,476 The rally expenses figuro is made up of the followng". Rent In¥uran¢e Phone, postage and stationery Advertising Tractor expenses Health and safety Repair5 and renewals PA System Catenng Toilet hlre and fitting Rosettesl plaques Programme5 Entertainmerrt at ralty Donations Securitylas815tance Traffic rnan4gemenl Engraving Rally payment General rally expenses Canvaslgrandstand hire Skip hire Extinguisher hire 8ug9y hire 6.514 1,289 4.661 1.202 100 2.035 1.192 7.544 1.548 2.708 1,000 1,680 3.930 575 1.188 14.652 1.549 1,325 610 1.560 3.758 2.150 532 5.805 11.551 250 3.888 350 180 1.201 11,394 1.554 1.575 650 400 3,778 $42 4.800 13.528 4.092 456 60.962 68,976 12
THE SCOThISH VINTAGE TRACTOR AND ENGINE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Grnnts p•y•bl• Runnlng Club 2025 RunnlTrg Club 2024 Grants to in$lilulions'. Bauer Radio Cash lor Kids Cornhill Macmillan Support GfOUP Charfie Mailer Sands Charity Aberfel¢y Show Chest Heart & Stroke AssociAlion NHS Tay5idg Charitable Foundation- Bums Unrt C Mailer RSABI Tash 4 Ukfalne Perth Sea Cadet¥ 4th Perth Guides Pollce Scotland Youth Volunteers 250 800 250 1.250 250 275 250 175 1.000 1BO 850 350 400 3,480 2,800 10 Support co•ts allo¢•t•d to a¢tlvltl•• Runnlng Club 2025 Tot•1 2024 Rent & insurance Adverti'sing IT ¢Kpense¥ 84nk char9es Governance 3,943 180 3,280 180 30 29 1.713 1,216 5,665 4,706 2025 2024 Govern•nc• co•ts ¢<>mprii•: Accountancy fees Professional lees 1,544 169 1.004 212 1.713 1.216 13-
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 11 Net mov•m•nl In fund 2025 2024 The nel movement in funds is stsled after charyingllcreditingl.. Fees payable lor the independent examinth"M of the tharty'i financial ststements 1,004 12 Tru•t• There were no Iru¥tees' remunefation or o¢her beneffts for the year ended 31 October 2025 nor for the year ended 31 Odober 2024. During the y•ar one trust•• ieceived •n horKrarium 01 £30012024.. £300 one tru$le•l for assisting wth road run. In addblion tsvo trust3 were reimburned £169 for fuel and snacks. In addrtion, $lx trustees received payments lor Iheir a5¥i$lance at the Ralty 01 £6,900 12024.. £7.000 seven twst•esl. The charity has Trutees Liability insuranc• in plac•. 13 Employ••• Th• average monlhly number of •mploy•e¥ during the year was.. 2025 Numb•r 2024 Numb•r Total Ther• were no employ••s annual remuneration wa¥ more th•n £60.000. R•mun•ratlon of k•y m•nagement p•r¥onn•l The rernuneralion ol key mana9emenl personnel 1$ 49 follo- none. 14 T*x•tlon The charsty is exempl from taxation on ils 8cllvrtS because all its income is applied for charrtable purposes. 14-
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 IS Tangibl• fix•d ••¥•ts and Compul•i •qulwnant Tot•1 Co•t Al 1 November 2024 46.010 1.355 47,365 Al 31 October 2025 46.010 1.355 47,365 D•pr•cl•tlon •nd IM1101 Al 1 November 2024 46.010 1.355 47,365 Al 31 October 2025 46.010 1.355 47,365 Carylng mount 16 Stocks 2025 2024 Raw materials ond ¢onsum•ble8 1,139 918 17 0•btor• 2025 2024 Amounts f•lllng du• wlthln on• y•ar: Prèpayments and accrued in¢0 2.338 2.489 18 Lo•n• •nd ov•rtlrnft• 2025 2024 8ank overdrafts 2.481 Payable within one ye•T 2,481 19 Crndltorn: •mounts lalllng du•wlthln on• y•ar 2025 2024 Not6• Bank overdrafts Accruals and L1eferred inrne 2.481 1.080 700 3.561 700 15-
THE scorrisH VINTAGE TRACTOR AND ENGINE CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 20 Unr••tdct•d funds The unrestricted funds of the chanty wipri$e the unexpended balances of donakn.ons and 9ranls which are not subj&¢t to speci conditions by donors and grnntOTS as to how they may be used. These inelude desi9naied fvnds which have been sel aside out ol unreslricted funds by the trustees for Specific purposes. At1 Nov•mbor 2024 Incomlng RMour¢• At 31 O¢tob•r r•ourc•• •XPond•d 2025 General funds 70,432 87.087 174.8051 82.714 Prgvlou• y••r- At1 Mov•mb•f 2023 Incomlng R•sourc•¥ Al 31 Octtsr r••ourc•• •xp•ndod 2024 General fvnds 76.901 75.007 181.4761 70.432 21 R•l•t•d prty trnsactton• During the year payment5 of £40012024." £3001 were made to five relatives of trusleos lft>ur In the 2024 yearl, for their assistance at the Rally. 16-