## **Scottish Charity Number: SC043297**
## **LOCHS AGRICULTURAL SOCIETY**
**TRUSTEES’ ANNUAL REPORT AND ACCOUNTS**
**FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **LOCHS AGRICULTURAL SOCIETY**
**Trustees’ Annual Report and Accounts**
**For the year ended 30 September 2024**
|**Contents**||
|---|---|
|Trustees’ Annual Report|2|
|Receipts and Payments Account|5|
|Statement of Balances|6|
|Independent Examiner’s Report|7|
1
## **LOCHS AGRICULTURAL SOCIETY**
**Trustees’ Annual Report**
## **For the year ended 30 September 2024**
## **Scottish Charity Number: SC043297**
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e-Chair
cretary
easurer
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- appointed 9.4.24 - appointed 9.4.24 - appointed 14.4.24
## **Contact address**
Laxay Showground, Laxay, Isle of Lewis, HS2 9PJ
## **Recruitment and appointment of trustees**
All of the group’s trustees are appointed or reappointed by the members or confirmed at our annual general meeting in accordance with our constitution.
## **Governing document**
The Society is a Scottish Charitable Incorporated Organisation which became a registered charity on 17 July 2012. The assets of the unincorporated association of the same name were transferred to the Society on that date. The purposes and administration of the charity are set out in our constitution.
## **Charitable purposes**
Our purposes are:
- to advance community development in rural areas through the provision of annual Lochs Agricultural Show and through information and training events on crofting and land use;
- to provide recreational facilities (Lochs Showground and Lochs Shed) and the organisation of recreational activities (Lochs Agricultural Show), with the object of improving the conditions of life for persons for whom the facilities and activities are primarily intended, in relation to recreational facilities and activities which are available to members of the public at large.
2
## **LOCHS AGRICULTURAL SOCIETY**
## **Trustees’ Annual Report**
## **For the year ended 30 September 2024**
## **Activities and achievements**
The Lochs Agricultural Society continues to champion rural life through the annual Lochs Show - an event that celebrates local crofting, crafts, livestock, produce and community spirit. Alongside the Show's success, we've made key improvements to our site, including upgraded plumbing and electricity, ensuring a safer and more sustainable experience for all. These developments reflect our commitment to progress while preserving tradition.
We especially thank our volunteers, sponsors and community members for their unwavering supporting as the Lochs Show would not exist without their hard work and we look forward to many more years of growth and celebration.
The annual show was held in July 2024 at the Lochs Showground.
During the year, the charity received a grant of £6,000 from Kinloch Community Council to assist with the cost of equipment purchased in the previous year, and grants of £8,325 from Muaitheabhal Community Wind Farm Trust and £6,000 from Crown Estate Funding to assist with the cost of improvements to the Lochs Showground.
## **Trustee remuneration and expenses**
The trustees did not receive any remuneration or expenses during the year.
## **Financial position**
As a result of the surplus of £7,600 for the year (2023 - deficit of £2,818), the Society had general unrestricted funds of £15,271 (2023 - £10,921) and restricted funds of £3,250 (2023 - £Nil) at year-end, which the Trustees consider adequate to enable the group to continue for the forthcoming year. Restricted funds represent grant funding received to assist with the cost of improvements to Lochs Showground.
3
## **LOCHS AGRICULTURAL SOCIETY**
**Trustees’ Annual Report**
## **For the year ended 30 September 2024**
## **Reserves policy**
The general fund represents the unrestricted funds from past operating results not yet utilised. It also represents the free reserves of the charity. The trustees have examined the charity’s requirements for reserves in light of the main risks to the charity and consider that sufficient reserves to cover the costs of holding the annual show, which currently equates to £20,000, should be held in unrestricted reserves. This would allow the charity to continue to operate in the event of an interruption in its income streams. The unrestricted reserves at 30 September 2024 falls short of this target and the trustees aim to build reserves to this level through planned operating surpluses over the next few years. Funds are also raised for specific projects as required.
Approved by the Trustees and signed on their behalf by:
Date: 2 September 2025
4
## **LOCHS AGRICULTURAL SOCIETY**
## **Receipts and Payments Account**
## **For the year ended 30 September 2024**
|**Year**
**Unrestricted**
**£**
**Receipts**
Donations
**162**
Sponsorship:
Lewis Wind Power
**-**
J J Sayles NFU Mutual
**-**
Muaitheabhal CWFT
**-**
Eurowind Energy
**-**
Grants:
Crown Estate Funding
**-**
Muaitheabhal CWFT
**-**
Kinloch Community Council
**6,000**
Fundraising
**7,301**
Annual show
**17,195**
Sheep Dog Trials
**-**
Events
**-**
Facility hires
**-**
Other income
**200**
**30,858**
**Payments**
Fundraising expenses
**2,882**
Annual show
**9,292**
Sheep Dog Trials
**-**
Events
**-**
Equipment
**3,064**
Repairs and maintenance
**3,475**
Insurance
**3,826**
Services and utilities
**2,357**
Advertising
**345**
Postages and stationery
**232**
Donations
**500**
Loan repayment
**-**
Sundry expenses
**145**
Governance costs:
Accountancy
**390**
**26,508**
Surplus/(Deficit) for year
**4,350**|**Ended 30.9.24**
Year Ended
30.9.23
**Restricted**
**Total**
Total
**£**
**£**
£
**-**
**162**
40
**-**
**-**
2,000
**600**
**600**
500
**2,000**
**2,000**
1,500
**6,000**
**6,000**
300
**6,000**
**6,000**
-
**8,325**
**8,325**
-
**-**
**6,000**
-
**-**
**7,301**
9,329
**-**
**17,195**
20,712
**-**
**-**
819
**-**
**-**
799
**-**
**-**
4,535
**-**
**200**
250
**22,925**
**53,783**
40,784
**-**
**2,882**
4,304
**8,600**
**17,892**
19,173
**-**
**-**
590
**-**
**-**
357
**-**
**3,064**
5,176
**11,075**
**14,550**
4,571
**-**
**3,826**
2,823
**-**
**2,357**
3,529
**-**
**345**
428
**-**
**232**
277
**-**
**500**
1,000
**-**
**-**
1,000
**-**
**145**
50
**-**
**390**
324
**19,675**
**46,183**
43,602
**3,250**
**7,600**
(2,818)|**Ended 30.9.24**
Year Ended
30.9.23
**Restricted**
**Total**
Total
**£**
**£**
£
**-**
**162**
40
**-**
**-**
2,000
**600**
**600**
500
**2,000**
**2,000**
1,500
**6,000**
**6,000**
300
**6,000**
**6,000**
-
**8,325**
**8,325**
-
**-**
**6,000**
-
**-**
**7,301**
9,329
**-**
**17,195**
20,712
**-**
**-**
819
**-**
**-**
799
**-**
**-**
4,535
**-**
**200**
250
**22,925**
**53,783**
40,784
**-**
**2,882**
4,304
**8,600**
**17,892**
19,173
**-**
**-**
590
**-**
**-**
357
**-**
**3,064**
5,176
**11,075**
**14,550**
4,571
**-**
**3,826**
2,823
**-**
**2,357**
3,529
**-**
**345**
428
**-**
**232**
277
**-**
**500**
1,000
**-**
**-**
1,000
**-**
**145**
50
**-**
**390**
324
**19,675**
**46,183**
43,602
**3,250**
**7,600**
(2,818)|
|---|---|---|
|||40,784|
|||4,304
19,173
590
357
5,176
4,571
2,823
3,529
428
277
1,000
1,000
50
324|
|||43,602|
|||(2,818)|
5
## **LOCHS AGRICULTURAL SOCIETY**
## **Statement of Balances**
## **For the year ended 30 September 2024**
|**Bank and cash in hand**
Opening balances
Surplus/(Deficit) for year
**Reserves**
General unrestricted funds
Restricted funds
**Assets**
Building and showgrounds – at cost
Portacabins – at cost
Equipment – at cost
Computer equipment – at cost
**Liabilities**
Loan – Laxay Grazings Committee||**30.9.24**
30.9.23
**£**
£
**10,921**
13,739
**7,600**
(2,818)
**18,521**
10,921
**15,271**
10,921
**3,250**
-
**18,521**
10,921
**251,823**
251,823
**12,533**
12,533
**21,853**
18,789
**594**
594
**286,803**
283,739
**4,000**
4,000|**30.9.24**
30.9.23
**£**
£
**10,921**
13,739
**7,600**
(2,818)
**18,521**
10,921
**15,271**
10,921
**3,250**
-
**18,521**
10,921
**251,823**
251,823
**12,533**
12,533
**21,853**
18,789
**594**
594
**286,803**
283,739
**4,000**
4,000|**30.9.24**
30.9.23
**£**
£
**10,921**
13,739
**7,600**
(2,818)
**18,521**
10,921
**15,271**
10,921
**3,250**
-
**18,521**
10,921
**251,823**
251,823
**12,533**
12,533
**21,853**
18,789
**594**
594
**286,803**
283,739
**4,000**
4,000|
|---|---|---|---|---|
|||||10,921|
|||||10,921
-|
|||||10,921|
|||||251,823
12,533
18,789
594|
|||||283,739|
|||||4,000|
Approved by the Trustees and signed on their behalf by:
- Trustee
Date: 2 September 2025
6
## **Independent Examiner’s Report to the Trustees of Lochs Agricultural Society**
I report on the accounts of the charity for the year ended 30 September 2024 which are set out on pages 5 to 6.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees 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’s trustees consider that the audit requirement of Regulation 10(1) (d) 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.
## **Basis of independent examiner’s statement**
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**
In the course of my examination, no matter has come to my attention:
1. 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 9 of the 2006 Accounts Regulations
have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name:
The Institute of Chartered Accountants in England and Wales
Address: CIB Services 63 Kenneth Street Stornoway Isle of Lewis HS1 2DS
Date: 2 September 2025
7