Company registration number: SC371098 Charity registration number: SC041202
EDINBURGH MARCH RIDING ASSOCIATION LIMITED TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
McKenzie Accountancy & Bookkeeping Accounting Technician 148 Gilmerton Dykes Road Edinburgh EH17 8PE
Edinburgh March Riding Association Limited Contents
| Page | |
|---|---|
| Trustees' Report | 1—3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities (including Income and Expenditure Account) | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7—9 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities (including Income and Expenditure Account) | 10 |
Edinburgh March Riding Association Limited Company No. SC371098 Trustees' Report For The Year Ended 31 December 2025
The trustees present their report and the financial statements for the year ended 31 December 2025.
Objectives and Activities
Aims and Objectives
To promote and facilitate the annual re-enactment o the Edinburgh Riding of the Marches; a ceremony first recorded in 1579.
To encourage and finance public awareness and secure funding to support the event.
Significant Activities
The event was scheduled for Sunday 14th September 2025, and the Directors are happy to report that the event was executed safely.
Education and Community Involvement
To help increase public awareness and community involvement, it is the policy of Edinburgh March Riding Association Ltd to undertake visits to local schools and provide information regarding the history of our event.
In 2025, the association continued its re-structure to engage committee sub groups, and primarily ran an operations team to organise the main event for 2025.
Financial Review
Financial Position
Financial review
The association incurred significant expenditure increases, which unfortunately surpassed the income which was raised through fundraising.
This was mainly due to increasing costs for risk mitigation measures advised by The City of Edinburgh Council's Event Planning and Operations Group.
Thankfully, due to a strong opening balance, and rigorous fundraising, the event was executed safely and all cost were met, however the associations funds are now almost entirely
During the year the charity had income of £32,975 (2024: £42,273) and expenditure of £16,353 (2024: £51,323) leading to a surplus of £16,622 (2024: £9,050 deficit).
Reserves Policy
The policy is that any surpluses created will be held in reserve for future periods. The Trustees have identified that in order for an event to go ahead, a starting surplus of £15,000 should be in place at the beginning of the financial year.
At 31 December 2025, unrestricted reserves were £ 16,629 (2024: £7) exceeding the target reserve of £15,000 by £1,629.
The trustees will retain appropriate reserves and will approve future events only where they are satisfied that sufficient funds are available and the associated financial risks can be managed.
Additional Note
FUTURE PLANS
The association will continue to assess the feasibility of future events, with public safety, risk mitigation and financial sustainability as the principal considerations. The trustees will keep projected costs, fundraising plans and the level of reserves under regular review.
Having considered the charity's financial position and planned activities, the trustees have not identified any material uncertainty that would cast significant doubt on the charity's ability to continue as a going concern for at least 12 months from the date on which the financial statements are approved.
Structure, Governance and Management
Page 1
Edinburgh March Riding Association Limited Trustees' Report (continued) For The Year Ended 31 December 2025
Governing Document
The Association was established as a company limited by guarantee and incorporated on 13 January 2010.
The Association was recognised as a Scottish charity on 21 January 2010.
Trustee Selection Methods
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law. Trustees are appointed by resolution of the trustees or resolution of the members, and are identified from our members group Induction and training of new trustees
Our current trustees are familiar with the work of Edinburgh March Riding Association Limited through attendance and involvement at Management Committee meetings and through receiving reports of said meetings.
If there are any areas where additional training is required, this will be discussed at a trustees' meeting and a solution identified.
The directors assess the major risks to which the organisation is exposed, in particular those relating to the financing of the charity, at monthly management meetings.
The trustees also make provision for appropriate employee/public liability cover for the event.
Reference and Administrative Details
Trustees
Mr Stuart Nicoll - Director Mr Stuart Mitchell - Director Miss Layla Patton - Secretary (appointed 19/01/2025) Mr Iain Whyte - Director Miss Abbie MacDowall - Treasurer (appointed 19/01/2025) Mr Jay Sturgeon - Vice Chair (appointed 19/01/2025)
Charity Number
SC041202
Company Number
SC371098
Principal Address
8 Walker Street Edinburgh EH3 7LA
Independent Examiner
Stephen A McKenzie FMAAT McKenzie Accountancy & Bookkeeping Accounting Technician 148 Gilmerton Dykes Road Edinburgh EH17 8PE
Page 2
Edinburgh March Riding Association Limited Trustees' Report (continued) For The Year Ended 31 December 2025
Statement of Trustees' Responsibilities
The trustees (who are also the directors of Edinburgh March Riding Association Limited for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgments and accounting estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Charities and Trustees Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Stuart Nicoll Trustee 04/08/2026
Page 3
Edinburgh March Riding Association Limited Independent Examiner's Report to the Trustees of Edinburgh March Riding Association Limited For The Year Ended 31 December 2025
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 explanations 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 I do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
Since the Charity has prepared its accounts on an accruals basis and is registered in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I confirm that I am qualified to undertake the examination because I am a member of The Association of Accounting Technicians, which is one of the listed bodies.
In the course of my examination, no matter has come to my attention
which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
have not been met, or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Stephen A McKenzie
Stephen A McKenzie FMAAT
04/08/2026 148 Gilmerton Dykes Road Edinburgh EH17 8PE
Page 4
Edinburgh March Riding Association Limited Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities: Charitable Activities Other trading activities 4 EXPENDITURE ON: Raising funds 5 Charitable activities: 5 NET INCOME/(EXPENDITURE) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9 |
2025 Unrestricted funds £ 25,442 18,506 587 |
2024 Unrestricted funds £ 16,937 24,944 392 |
|---|---|---|
| 44,535 | 42,273 | |
| (27,913 ) | (51,323 ) | |
| 16,622 | (9,050 ) | |
| 16,622 7 |
(9,050 ) 9,057 |
|
| 16,629 | 7 |
The notes on pages 7 to 9 form part of these financial statements.
Page 5
Edinburgh March Riding Association Limited Balance Sheet As At 31 December 2025
| Notes CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 8 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 9 |
2025 Unrestricted funds £ 17,385 |
2024 Total funds £ 763 |
|---|---|---|
| 17,385 (756 ) |
763 (756 ) |
|
| 16,629 | 7 | |
| 16,629 | 7 | |
| 16,629 | 7 | |
| 16,629 | 7 | |
| 16,629 | 7 |
For the year ending 31 December 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Stuart Nicoll
Trustee 04/08/2026
The notes on pages 7 to 9 form part of these financial statements.
Page 6
Edinburgh March Riding Association Limited Notes to the Financial Statements For The Year Ended 31 December 2025
1. General Information
Edinburgh March Riding Association Limited is a company limited by guarantee, incorporated in Scotland, registered number SC371098 and registered charity number SC041202 . The registered office is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Going Concern Disclosure
The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.
2.3. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are to be used for specific purposes as laid down by the donor.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2.4. Incoming Resources
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably
2.5. Resources Expended
Liabilities are recognised as expenditure as soon as there is a legal or construcive obligation commiting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.7. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
3. Income from Donations and Legacies
Page 7
Edinburgh March Riding Association Limited Notes to the Financial Statements (continued) For The Year Ended 31 December 2025
| Member subscriptions and sponsorships Other: Trades 4. Income from Other Trading Activities Shop income 5. Analysis of Expenditure Raising funds Raising funds 6. Independent Examiner's Remuneration Independent examination of the financial statements 7. Average Number of Employees Average number of employees during the year was: NIL (2024: NIL) 8. Creditors: Amounts Falling Due Within One Year Accruals and deferred income |
Activities undertaken directly £ 27,157 |
Activities undertaken directly £ 27,157 |
2025 Unrestricted funds £ 25,442 - |
2024 Unrestricted funds £ 14,937 2,000 |
|---|---|---|---|---|
| 25,442 | 16,937 | |||
| 2025 Unrestricted funds £ 587 |
2024 Unrestricted funds £ 392 |
|||
| Support costs £ 756 |
2025 Total £ 27,913 |
|||
| Activities undertaken directly £ 50,567 |
Support costs £ 756 |
2024 Total £ 51,323 |
||
| 2025 £ 756 2025 £ 756 |
2024 £ 756 |
|||
| 2024 £ 756 |
Page 8
Edinburgh March Riding Association Limited Notes to the Financial Statements (continued) For The Year Ended 31 December 2025
| 9. Movement in Funds Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 January 2025 £ 7 |
Income £ 44,535 |
Expenditure £ (27,913 ) |
As at 31 December 2025 £ 16,629 |
|---|---|---|---|---|
| 7 | 44,535 | (27,913 ) | 16,629 | |
| As at 1 January 2024 £ 9,057 |
Income £ 42,273 |
Expenditure £ (51,323 ) |
As at 31 December 2024 £ 7 |
|
| 9,057 | 42,273 | (51,323 ) | 7 |
- Transactions with Trustees
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
| 2025 | 2024 |
|---|---|
| £ | £ |
11. Related Party Disclosures
- Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 9
Edinburgh March Riding Association Limited Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Membership subscriptions Sponsorships Trades Charitable Activities: Charitable Activities Events Fundraising Other trading activities Brochures & Merchandise EXPENDITURE ON: Raising funds Main Event Expenses Fundraising Expenses Horse Show Registration Services Donations & Sponsorship Staging fundraising events Other trading activities Advertising, marketing, direct mail and publicity Insurance Independent examiner's fees NET INCOME/(EXPENDITURE) |
2025 Total funds £ 3,412 22,030 - |
2024 Total funds £ 2,115 12,822 2,000 |
|---|---|---|
| 25,442 9,060 9,446 |
16,937 7,562 17,382 |
|
| 18,506 587 |
24,944 392 |
|
| 587 | 392 | |
| 44,535 (22,618) - - - (2,500) (803) - (1,236) - (756) |
42,273 (37,533) (6,476) (2,182) (660) (2,000) - (390) - (1,326) (756) |
|
| (27,913) | (51,323) | |
| (27,913) | (51,323) | |
| 16,622 | (9,050) |
Page 10
Issuer
Issuer McKenzie Accountancy Document generated Tue, 4th Aug 2026 20:28:26 BST Document fingerprint 1064d43563e596dd03f4715609848535
Parties involved with this document
Document processed
Party + Fingerprint
Tue, 4th Aug 2026 21:46:11 BST Tue, 4th Aug 2026 21:47:24 BST
Mr Stuart Nicoll - Signer (cc9a0b0e6d6f29f0e72358de59f033ea) Steve McKenzie - Signer (74e07a4265c43e383707d0d2d8ea21e2)
Audit history log
Date Action Tue, 4th Aug 2026 20:28:26 BST Envelope generated with fingerprint b1b5a4cefe037da2b74b7607b274842a (18.133.63.166) Tue, 4th Aug 2026 20:28:26 BST Envelope has been set to automatically remind the active signer every 2 day(s). (18.133.63.166) Tue, 4th Aug 2026 20:28:26 BST Document generated with fingerprint c043099e9ab8add5d64ed348281ed5e0 (18.133.63.166) Tue, 4th Aug 2026 20:28:26 BST Document generated with fingerprint 1064d43563e596dd03f4715609848535 (18.133.63.166) Tue, 4th Aug 2026 20:28:26 BST Mr Stuart Nicoll has been assigned to this envelope. (18.133.63.166) Tue, 4th Aug 2026 20:28:26 BST Steve McKenzie has been assigned to this envelope. (18.133.63.166) Tue, 4th Aug 2026 20:28:33 BST Document emailed to party email Tue, 4th Aug 2026 21:45:15 BST Mr Stuart Nicoll viewed the envelope (82.37.188.157) Tue, 4th Aug 2026 21:46:11 BST Mr Stuart Nicoll signed the envelope (82.37.188.157) Tue, 4th Aug 2026 21:46:11 BST Sent the envelope to Steve McKenzie for signing (82.37.188.157) Tue, 4th Aug 2026 21:46:12 BST Document emailed to party email Tue, 4th Aug 2026 21:46:53 BST Steve McKenzie viewed the envelope (84.20.17.48) Tue, 4th Aug 2026 21:46:59 BST Steve McKenzie viewed the envelope (54.147.118.197) Tue, 4th Aug 2026 21:47:24 BST Steve McKenzie signed the envelope (84.20.17.48) Tue, 4th Aug 2026 21:47:24 BST This envelope has been signed by all parties (84.20.17.48) Tue, 4th Aug 2026 21:47:24 BST Signed document confirmation emailed to party email (84.20.17.48) Tue, 4th Aug 2026 21:47:24 BST Signed document confirmation emailed to party email (84.20.17.48) Tue, 4th Aug 2026 21:47:24 BST Signed document confirmation emails have been sent to all parties (84.20.17.48)