Charity registration number SC047843 Company registration number SC175928
DUFFTOWN AND DISTRICT GAMES LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
DUFFTOWN AND DISTRICT GAMES LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr N A Grant | |
|---|---|---|
| Mr R F McConnachie | ||
| Secretary | Mr AM Grant | |
| Country of incorporation | United Kingdom | SC175928 |
| (Scotland) | ||
| Charity registration | Scotland | SC047843 |
| Registered office | 41 Church Street | |
| Dufftown | ||
| Moray | ||
| AB55 4AR | ||
| Independent examiner | Fiona Macritchie FCCA CTA | |
| MacKenzie Kerr Limited | ||
| Redwood | ||
| 19 Culduthel Road | ||
| Inverness | ||
| IV2 4AA | ||
| Bankers | Royal Bank of Scotland | |
| 21 Market Place | ||
| Inverurie | ||
| AB51 3PU |
DUFFTOWN AND DISTRICT GAMES LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 13 |
DUFFTOWN AND DISTRICT GAMES LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the company's Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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)".
Objectives and activities
The objectives of the charity as set out in their governing document are as follows:
-
To advance the culture and heritage of Scotland by staging, operating, managing and promoting the annual Dufftown Highland Games, in association with the local statutory authorities, inhabitants and voluntary organisations of Dufftown and its environs.
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The advancement of public participation in sport.
-
The provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.
Achievements and performance
Significant activities and achievements against objectives
The Games attracted over 5,000 people with more than 65% from overseas.
Dufftown Highland Games donated £4,000 to local groups and organisations who assist with the annual event.
Financial review
The total income in the year was £68,624 (2024: £63,778) and main sources of income are fundraising and gate and programme receipts. The expenditure amounted to £52,222 (2024: £58,210).
As at 31 December 2025 the charity has total reserves of £170,538 (2024: £154,136) of which £131,199 (2024: £113,960) were of an unrestricted nature and £39,339 (2024: £40,176) were restricted.
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Reserves policy
The charity's policy is to retain sufficient funds to facilitate for:
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2 years of bad weather where the risk of cancellation due to viruses or poor attendances adversely affect income,
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the planned replacement of older assets, and acquiring additional equipment when appropriate.
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The Trustees therefore consider that the charity should hold cash reserves of £60,000.
Plans for future periods
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Continue to upgrade older assets with expanding the disabled parking area.
-
Engage in ongoing succession planning.
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To promote the Hill race in 2026 after having only 74 runners in 2025.
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Launch a new light field event competition for youths in the Moray region consisting of six secondary schools catering for the ages of 12-17.
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To encourage women to take part in the Highland Games by entering the Tug of War & the Heavy Events.
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Install a second mezzanine floor for storage shed at an approximate cost of £4,700.
Structure, governance and management
The charity is controlled by its governing document, a Memorandum of Association and is governed under its Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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DUFFTOWN AND DISTRICT GAMES LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees, who are also directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mrs L E Brown (Retired 31 December 2025) Mr N A Grant Mr R F McConnachie (Appointed 1 January 2026)
Recruitment and appointment of trustees
Membership is very stable and only changes when a member retires or a convenor seeks extra labour to assist with a particular task. Members are proposed by the said convenor and voted in/out by the membership at the AGM. All members are recruited from the local community.
Statement of Trustees' responsibilities
The trustees, who are also the directors of Dufftown and District Games Limited for the purpose 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees' report was approved by the Board of Trustees.
.............................. Mr N A Grant
Trustee
Date: .............................................
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DUFFTOWN AND DISTRICT GAMES LIMITED
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DUFFTOWN AND DISTRICT GAMES LIMITED
I report on the financial statements of the charity for the year ended 31 December 2025, which are set out on pages 4 to 13.
Respective responsibilities of trustees and examiner
The charity trustees (who are also the directors of Dufftown and District Games Limited for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.The charity trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 does not apply.
It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 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 Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking 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 financial statements.
Independent examiner's statement
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:
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to keep accounting records in accordance with Section 44(1)(a) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and
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to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Fiona Macritchie FCCA CTA
MacKenzie Kerr Limited Chartered Accountants Redwood 19 Culduthel Road Inverness IV2 4AA Date: ............................
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DUFFTOWN AND DISTRICT GAMES LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 2 15,570 - Charitable activities Highland games management 3 51,877 - Investments 4 1,177 - Total income 68,624 - Expenditure on: Charitable activities 5 52,222 - Net incoming resources before transfers 16,402 - Gross transfers between funds 837 (837) Net income/(expenditure) for the year/ Net movement in funds 17,239 (837) Fund balances at 1 January 2025 113,960 40,176 Fund balances at 31 December 2025 131,199 39,339 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 15,570 13,439 - 51,877 48,982 - 1,177 1,357 - 68,624 63,778 - 52,222 58,210 - 16,402 5,568 - - 837 (837) 16,402 6,405 (837) 154,136 107,555 41,013 170,538 113,960 40,176 |
Total 2024 £ 13,439 48,982 1,357 |
|---|---|---|
| 63,778 | ||
| 58,210 | ||
| 5,568 - |
||
| 5,568 148,568 |
||
| 154,136 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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DUFFTOWN AND DISTRICT GAMES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
| Notes Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 14 Unrestricted funds 15 |
2025 £ 6,007 108,975 114,982 (2,573) |
£ 58,129 112,409 170,538 39,339 131,199 170,538 |
2024 £ 151 100,242 100,393 (1,573) |
£ 55,316 98,820 |
|---|---|---|---|---|
| 154,136 | ||||
| 40,176 113,960 |
||||
| 154,136 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on .........................
..............................
Mr N A Grant Trustee
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DUFFTOWN AND DISTRICT GAMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
Charity information
Dufftown and District Games Limited is a private company limited by guarantee incorporated in Scotland. The registered office is 41 Church Street, Dufftown, Moray, AB55 4AR.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 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.
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing 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 costs 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.
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DUFFTOWN AND DISTRICT GAMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies (Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings Straight line over 50 years Fixtures and fittings Straight line over 4 years IT equipment Straight line over 3 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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DUFFTOWN AND DISTRICT GAMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies (Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
2 Donations and legacies
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| general | general | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 1,100 | 139 |
| Sponsorships | 14,470 | 13,300 |
3 Charitable activities
| Highland | Highland | |
|---|---|---|
| games | games | |
| management | management | |
| 2025 | 2024 | |
| £ | £ | |
| Gate and programme receipts | 38,807 | 37,773 |
| Stances | 4,500 | 3,280 |
| Tombola/raffle income | 4,436 | 3,933 |
| Highland dancing entry | 1,239 | 1,472 |
| Programme advertising | 500 | 245 |
| Other income | 2,395 | 2,279 |
| 51,877 | 48,982 | |
| Analysis by fund | ||
| Unrestricted funds - general | 51,877 | 48,982 |
| 51,877 | 48,982 |
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DUFFTOWN AND DISTRICT GAMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
4 Investments
| **Unrestricted ** | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| general | general | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Interest receivable | 1,177 | 1,357 | |
| 5 | Charitable activities |
| Highland | Highland | |
|---|---|---|
| games | games | |
| management | management | |
| 2025 | 2024 | |
| £ | £ | |
| Advertising | 30 | 30 |
| Miscellaneous game day expenditure | 8,526 | 7,146 |
| Catering | 3,478 | 4,574 |
| Game day prizes | 11,306 | 9,782 |
| Tombola expenses | 125 | - |
| Pipe band and transport | 6,480 | 6,250 |
| Tents and toilets | 9,978 | 13,979 |
| Public address system | - | 580 |
| Scottish Games Association | 309 | 309 |
| Games equipment hire | - | 959 |
| Highland dancing | - | 625 |
| Donations | 4,031 | 3,100 |
| Sundries | 1,750 | 334 |
| Heat and light | 180 | (180) |
| Other charitable expenditure | (2,558) | 2,082 |
| 43,635 | 49,570 | |
| Share of support costs (see note 6) | 6,823 | 6,954 |
| Share of governance costs (see note 6) | 1,764 | 1,686 |
| 52,222 | 58,210 |
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DUFFTOWN AND DISTRICT GAMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
6 Support costs allocated to activities
| Highland games management 2025 £ Depreciation 4,980 Insurance 1,301 Bank charges 542 Governance 1,764 8,587 2025 Governance costs comprise: £ Accountancy 1,764 1,764 7 Net movement in funds 2025 £ The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements 1,686 Depreciation of owned tangible fixed assets 4,980 |
Total 2024 £ 4,039 1,354 1,561 1,686 |
|---|---|
| 8,640 | |
| 2024 £ 1,686 |
|
| 1,686 | |
| 2024 £ 1,743 4,039 |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
10 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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DUFFTOWN AND DISTRICT GAMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
| 11 Tangible fixed assets Freehold land and buildings Fixtures and fittings IT £ £ Cost At 1 January 2025 62,746 20,468 Additions 3,552 4,241 At 31 December 2025 66,298 24,709 Depreciation and impairment At 1 January 2025 13,058 14,840 Depreciation charged in the year 1,106 3,874 At 31 December 2025 14,164 18,714 Carrying amount At 31 December 2025 52,134 5,995 At 31 December 2024 49,688 5,628 12 Debtors Amounts falling due within one year: Prepayments and accrued income 13 Creditors: amounts falling due within one year Deferred income Accruals |
equipment £ 569 - 569 569 - 569 - - 2025 £ 6,007 2025 £ 1,500 1,073 2,573 |
Total £ 83,783 7,793 |
|---|---|---|
| 91,576 | ||
| 28,467 4,980 |
||
| 33,447 | ||
| 58,129 | ||
| 55,316 | ||
| 2024 £ 151 |
||
| 2024 £ - 1,573 |
||
| 1,573 |
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
DUFFTOWN AND DISTRICT GAMES LIMITED
14 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 Grant received Previous year: At 1 Grant received |
January 2025 Transfers At 31 December 2025 £ £ £ 40,176 (837) 39,339 January 2024 Transfers At 31 December 2024 £ £ £ 41,013 (837) 40,176 |
|---|---|
There was a grant received of £41,850 in October 2022 from Foundation Scotland. This money used towards the building of a new shed. As the shed has been completed the grant is being released over a 50 year period.
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 General funds Previous year: At 1 General funds |
January 2025 Incoming resources Resources expended Transfers At 31 December 2025 £ £ £ £ £ 113,960 68,624 (52,222) 837 131,199 January 2024 Incoming resources Resources expended Transfers At 31 December 2024 £ £ £ £ £ 107,555 63,778 (58,210) 837 113,960 |
|---|---|
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DUFFTOWN AND DISTRICT GAMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
16 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2025 2025 £ £ At 31 December 2025: Tangible assets 18,790 39,339 Current assets/(liabilities) 112,409 - 131,199 39,339 Unrestricted Restricted funds funds 2024 2024 £ £ At 31 December 2024: Tangible assets 15,140 40,176 Current assets/(liabilities) 98,820 - 113,960 40,176 |
Total 2025 £ 58,129 112,409 |
|---|---|
| 170,538 | |
| Total 2024 £ 55,316 98,820 |
|
| 154,136 |
17 Transfers between funds
The transfer from restricted funds represents the grant release for the year in respect of funds received from Foundation Scotland for the shed build.
18 Related party transactions
There were no related party transactions during the year (2024 - none).
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